The retail prices for another 827 drugs and medicines have been approved. According to the report released by the Tariff Council of Azerbaijan, they approved pharmacy prices for 3,010 drugs, of which 1,151 were sold under the new rates, the price of drugs in 1110 will be valid from December 1, another 749 - from December 21.
According to official information, the prices of 50% of the products are reduced more than two fold, 26% - more than three times, thus cheapening by 96% drugs that are commercially available. Moreover, the Council has reduced by an average of 30% of the tariffs for the examination for the issue of the certificate accessories, non-oil products, which would reduce the costs of exporters more competitive in the global market.
Recal, a gradual transition to state regulation of drug prices was announced September 15 and touches more than 4.5 thousand of the most important drugs in high demand of consumers. When the correspondent of Turan from the same date, patients complain about the disappearance of drugs previously available to sell, especially those that are issued only on prescription. Domestic experts were right, predicting a return to the situation of Soviet times, when a number of medicines were sold from under the counter. --17D-
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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