A PYMNTS Company

Ombudsman paints dim portrait of antitrust enforcement by the State Commission for the Protection of Economic Competition

By  |  March 29, 2012
Ombudsman paints dim portrait of antitrust enforcement by the State Commission for the Protection of Economic Competition

Armenian Ombudsman Karen Andreasyan has assessed the 2011 activities of the State Commission for the Protection of Economic Competition. The report states that overall, antitrust enforcement is unsatisfactory in Armenia. Andreasyan points to the fact that 12 out of 13 commodities markets were rated as highly concentrated by the Commission, with high entry barriers in those markets. Yet “the measures taken by the Commission did not reflect the real picture of violations of the competitive legislation existing in different commodity markets and did not make sufficient influence on the situation of the protection of economic competition in the country.”

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Andreasyan also found fault in how decisions by the watchdog failed to be enforced during the pendency of an appeal, a period that may last as long as two years. Powers of investigation and measures to raise public awareness were also found to be lacking.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full content: NEWS.am