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Armenia: 2011 antitrust fines equaled total of last 10 years’ worth

By  |  March 13, 2013
Armenia: 2011 antitrust fines equaled total of last 10 years’ worth

A European Union-financed, $1.4 million project has ended after two years of efforts to improve the Armenian Competition Authority. The State Aid Twinning Project, as it was named, looked to make the Authority more efficient and increase its efficacy, as well as the efficacy of the State Commission on the Protection of Economic Competition. According to the chairman of the SCPEC Artak Shaboyan, the project focused on two main areas: “legislative improvement and development of institutional capacities.” To outline how, exactly, the project has helped the authorities, Shaboyan said in a statement that 2011’s fines imposed were equal to the entirety of fines issued in the last decade the Commission was in operation.

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    Full Content: Public Radio of Armenia

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