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The price of medicines has increased significantly during the last year. The GEL exchange rate is often considered as one of the reasons for this, as most of the medicines are imported to Georgia and some of them are manufactured here with raw materials even bought abroad. However, the price for some medicines was five times higher than the depreciation rate during the whole year. Experts attribute this to cartel deals between oligopolies and companies in the pharmaceutical sector. We are dealing with an alliance of pharmaceutical companies and medical institutions artificially raising prices and promoting the sales of unnecessary medication for the patient even in an excessive amount. Consequently, the turnover of only three major companies operating in the pharmaceutical market reached GEL 1. Marina Beradze, Health Expert:. Unless these conditions are met, no health care reform will make sense. Today, a pharmaceutical company has all the possibilities to increase the price of drugs at its discretion, since the government cannot interfere in the pricing process. Manufactur ing, wholesale and retail realization of pharmaceutical products is forbidden to be managed by one entity in all developed countries and it's incredible that the same business entity has a medical facility and an insurance company concurrently. Not only imported medicines, but also those manufactured in Georgia are cheaper in neighboring Armenia than in our country, because the pharmaceutical sector is regulated and retail and wholesale prices are separated by the law there. Lately, our citizens have been moving to Turkey to buy drugs, since they are sometimes four or five times cheaper there. Private individuals at the customs checkpoint of Georgia are subject to price differences for the medicines imported from Turkey. This still indicates that pharmaceutical business monsters are using all means to prevent SMEs from developing. Manufacturing of pharmaceutical products in Georgia: 'They are experimenting with how much we can pay for drugs' The price of medicines has increased significantly during the last year. Marina Beradze, Health Expert: - The main goal of regulation of the pharmaceutical sector is to provide people with quality and affordable medicines. For investors in Georgia. Wines of Rtvelisi have acquired worldwide recognition. President Ilham Aliyev chaired meeting of Security Council. Manufacturing of pharmaceutical products in Georgia: 'They are experimenting with how much we can pay for drugs'. How will the first treetop trails look like in Georgia? Enterprise Georgia presents strategy to attract foreign direct investments in Georgia. Georgian PM holds next interagency meeting in Gudauri following Bakuriani. Six HPPs put into operation in Georgia this year. Exports to Georgia increase by How much do Georgian citizens spend on domestic tourism? Volume of real estate owned by banks in Georgia increases. Revenues generated in Georgian state budget by gambling business reduce.
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