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 About 50 items of especially popular drugs and medical preparations have been withdrawn from sale.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
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
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.
Leave a review