Tariff Council Expanded List of Controlled Drugs
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
-
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