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
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review