From June 9 rules for regulating the price of medicines enter into force. This regards the state registration of medicines and control over them.
According to the Tariff (Price) Council, the instruction for the calculation of reference prices for medicines has also been approved. It is based on the wholesale and retail price of drugs from 10 European countries - France, Italy, Spain, Portugal, Turkey, Greece, Poland, Hungary, Bulgaria and Slovenia, that is, those countries where drugs are not cheap. Recall local wholesalers mainly import medicines and drugs from Ukraine, Russia, Belarus and India.
According to the price regulator, today local and foreign drug manufacturers and their authorized persons shall submit declarations to the Council based on the prescribed form for the goods. Based on their analysis and data on prices in these countries, the Tariff Council will place reasonable prices on its web resource.
According to experts, binding the prices to the European countries will further strengthen monopolistic tendencies in the market of medicines, clearing the market of small wholesalers importing drugs from Third World countries and the CIS. --17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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