Monday, June 4 2018 20:07
Naira Badalian

Regulator: there is no dominant economic entity in the Armenian meat  market

Regulator: there is no dominant economic entity in the Armenian meat  market

ArmInfo. The State Commission for the Protection of Economic Competition (SCPEC) of Armenia reports that there is no dominant economic entity in the meat market.  The  State Commission stated in response to publications in the media and social networks on raising prices for a number of agricultural goods in major supermarkets in the capital.

As SCPEC noted, the Commission, within its authority, exercises  control exclusively over the dominant commodity markets. The Office  reports that there is no economic entity in the meat market that  occupies a dominant position. "This market is considered competitive,  with a low concentration level, where market mechanisms operate under  price regulation," the ministry said in a statement.

Nevertheless, taking into account consumer concerns, SCPEC conducted  studies in large supermarkets.  "The monitoring group of the  Commission did not fix the price changes, and consumers can buy meat  at the same price." As for short-term price increases last week, it  was entirely due to tax administration, and similar tasks are beyond  the mandate of the SCPEC, "the agency noted.

It should be noted that last week, after the NSS of Armenia uncovered  very sophisticated mechanisms of tax evasion in a large retail  network, and the government announced plans to bring all economic  entities' activities into the taxable field, supermarkets noted price  increases for a number of goods. And then the heads of 11 retail  networks sent a letter to the Prime Minister of Armenia, Nikol  Pashinyan, expressing concern about the possible risks associated  with the further functioning of the points of commerce in the light  of the SRC inspections and the requirement to work within the  framework of the law. Nevertheless, independent experts saw this in  the notes of blackmail and sabotage by large supermarkets, while  Prime Minister Nikol Pashinyan said on his Facebook page that he  personally walked through a number of shops to check the price  increase for goods. "I went through several shops, everything is  normal, some of them overestimate themselves," Pashinyan wrote. 

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