YEREVAN. – The State Commission for the Protection of Economic Competition (SCPEC) of Armenia has conducted a study at several commodity markets in the country to find out in which markets the new businesses’ entry has increased ever since Armenia joined the Eurasian Economic Union (EAEU), and to what extent this circumstance has positively impacted economic competition in the country.
According to the SCPEC press service, as a result, it was found out that competition has considerably increased at some widely purchased consumer goods’ markets in Armenia, and that some businesses have even increased several times.
As per the SCPEC, the entry of new businesses has had a positive impact on the overall economic competition in Armenia, and it has reduced concentration on a number of domains.
The EAEU comprises Armenia, Russia, Belarus, Kazakhstan, and Kyrgyzstan.