06/09/2010 16:01
Fines for violation of law on competition may rise
Chairman of the State Commission of Armenia for Protection of Economic Competition (SCPEC) Artak Shaboyan said at today’s news conference that fines for violation of the laws on economic competition are quite low in Armenia and amid these low fines, the economic entities can violate the very same law numerously.
Artak Shaboyan said that under assistance of the World Band there were implemented legislative changes in the law on competition, and due to this the size of penalty was significantly enlarged.
Chairman said that the legislative package was sent to the authorized structures and after their responses the package will be sent to the government.