Eurnekian's Armenia International Airports Seeks Reversal of SCPEC Ruling
Armenia International Airports CJSC, the company owned by Argentine businessman Eduardo Eurnekian that operates Yerevan’s Zvartnots Airport, has gone to court, seeking to overturn a July 2020 decision by the State Commission for the Protection of the Economic Competition (SCPEC) finding that the company had unjustly raised carparking fees at the airport.
The SCPEC fined the company 5 million drams for abusing its monopoly position and set a deadline for rectifying the violation.
Armenia International Airports said the parking fee increases were needed to cover the cost of installing a new parking payment system.
The SCPEC found that the increases were not economic based.
The SCPEC also found that the company had abused its monopoly position in the merchandise market at the Zvartnots Airport’s departure and arrival halls by imposing discriminatory conditions, including inequitable prices, on other businesses.