  State budget replenished by AMD 170 mln through SCPEC efforts  December 19, 2011 - 12:42 AMTPanARMENIAN.Net - In the framework of legislative reforms to improve competitive climate in Armenia and protect the consumer rights, the State Commission for the Protection of Economic Competition (SCPEC) called 193 unconscientious economic entities to responsibility against 103 in 2010. In 2011, the unconscientious economic entities were fined AMD 370 mln in total, against AMD 37 mln in 2010, with AMD 170 mln allocated to state budget against AMD 20 mln in 2010. As the Commission chairman Artak Shaboyan stated at Dec 19 SCPEC board sitting, “SCPEC doesn't pursue a special purpose of imposing fines on unconscientious economic entities. Our efforts are aimed at improvement of competitive climate and protection of consumers' interests.”  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
