The campaign announced by the government to reduce drug prices, it seems, begins to have the opposite effect. As soon as the government announced new lower prices for medicines, different types of drugs began to disappear from pharmacies. In particular, disappeared akineton and phenazepamum issued only on prescription. In the last two days Turan correspondent faced a deficit of Alflutop injection, which had always been on the open market and was sold without prescription.
Over the past two days these injections were not found in more than 20 pharmacies of Yasamal, Sabail and Nasimi districts of Baku. Everywhere pharmacists say that this medicine is no longer supplied, and pharmacists explain it by a significant reduction in the number of drugs imported into the country.
It is not clear who would have thought to cancel the delivery of drugs to treat diseases of the musculoskeletal system.
Tightening state regulation of the drug, according to some experts, reduces the profitability of the pharmaceutical business and the withdrawal from the market many players, that will result in a deficit, and selling drugs under secretly at high prices. The process of closure of pharmacies has already begun in Baku. The owners explained the high process for medicines not only by the greed of businessmen, but because of the "tribute", which the owners of pharmacies are imposing the tax authorities and customs. -06D--
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review