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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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