The government methods to reduce the prices of drugs and medical preparations do not work. So the State Service for Antimonopoly Policy and Consumer Right Protection under the Ministry of Economy and Industry of Azerbaijan sees a way out in raising the penalties.
As the head of this structure Zahid Isayev told the media, the day before they presented to the government a proposal to toughen penalties for artificially high prices for drugs sold in the domestic market. According to him, the maximum penalty bracket of 50,000 manats will be more effective.
According to experts, this is not the way out of the situation; most likely, the Finance Ministry will impose fines on unwanted pharmacies and eliminate rivals and small businesses.
Recall the Tariff (Price) Council established uniform rates for 1,057 drugs on 15 September. By the end of the year the list will include about 4.5 thousand drugs. About 50 items of especially popular drugs and medical preparations have been withdrawn from sale. --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