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 Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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