Tuesday, December 29 2020 12:25
Alina Hovhannisyan

SCPEC calls on economic entities to refrain from violations related  to New Year discounts and promotions

SCPEC calls on economic entities to refrain from violations related  to New Year discounts and promotions

ArmInfo.The State Commission for the Protection of Economic Competition (SCPEC) urges economic entities to strictly comply with the provisions of the  legislation on the protection of economic competition.

In particular, the SCPEC requires business entities to avoid cases of  publishing incomplete, false information about discounts on the  prices of goods, to artificially raise prices for goods before the  discount is announced, etc.

"The Commission once again reminds that all these actions are  manifestations of unfair competition, for which a business entity may  be fined up to 5% of the revenue for the year, '' the source says.