WON’T PRICES GO UP AGAIN?
Support A1+!“The recent rise in prices in the Republic of Armenia is determined by rises at European markets,” said Ashot Shahnazarian, the Chairman of the State Commission for the Protection of Economic Competition (SCPEC). Over the past three months the price of butter has gone up from 1900 drams to 2600 in the result of an anti-competitive agreement between economic entities.
The entities state that invoices for some goods will go up from November which has caused rise in prices. Prices have gone up before importing the goods to the country. This is an ordinary routine. Expectations usually promote rise in prices. We simply try to control the tendencies and speed. We have fined the entities up to two percent of the 2006 profit. We cannot force them to lower prices but we assure you that prices won’t go up in the future,” the SCPEC chairman says.
