![State to Regulate Prices of Medicines](https://turan.az/resized/./turan-750-500-resize.webp)
State to Regulate Prices of Medicines
President Ilham Aliyev signed an order on application of the Law of AR "On Amendments to the Law "On medicines" on February 2. Amendments to the law provide for state regulation of prices for medicines listed in the corresponding state register.
According to the amendments to the law, the state will regulate the prices of medicines, as well as control the process. The President instructed the Cabinet of Ministers within one month to submit proposals on the central executive body to regulate drug prices, as well as the structure, which will adopt the rules of price regulation and control over that.
The Law "On medicines" has been valid from 22 December 2006. State regulation also includes the registration and certification of state control over the quality, effectiveness and safety of medicines, and licensing of pharmaceutical activity.
According to the State Statistics Committee, in 2013, the retail prices of drugs in Azerbaijan rose by an average 0.4% and in 2014 – by 0.1%.
Last year, the official volume of imports of medicines amounted to $ 225,900,000, which is 9.6% less than in 2013. Azerbaijan exported drugs worth $ 12 million, 3.4 times more than in the previous year. 08D
-
- Economics
- 4 February 2015 12:49
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review