The Ministry of Finance has been appointed chief inspector of the drugs market. According to the presidential decree on amendments to the Law "On medicines", published before, not the Ministry of Health, but namely the Ministry of Finance will maintain control over the quality, effectiveness and safety of drugs in all phases (supply of raw materials, manufacture, storage, transportation and sale).
Experts believe that the transfer of control functions to an irrelevant ministry means that another minister has fallen from grace, which could lead to chaos in the market. Consumers are already facing the absence of certain types of medicines in pharmacies.
Recall that since September 15, state regulation of prices has been introduced for medicines of 1,057 names (this article is subject to more than 4,500). The website of the Tariff (Price) Council of Azerbaijan of the Ministry of Economy and Industry has published the lists of medicines and their prices. Until the end of September this entity is going to evaluate more than 1 thousand names of medicines on the basis of 55 active substances and by the end of December the sale of medicinal products must pass completely under state control. --17D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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