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ANNUAL PRODUCTION OF ARMENIAN MEDICINES IS TO GROW TO $$95-$135 BY 2020: ECONOMY MINISTRY SAYS
YEREVAN, November 5. / ARKA /. Annual production of medicines in
Armenia is to rise to $95-$135 million by 2020, according to Hayk
Mirzoyan, head of a department in the economy ministry in charge of
industrial policies.
Speaking to ARKA news agency on the sidelines of the fourth informal
meeting of heads of local pharmaceutical companies, held in the resort
town of Tsakhkadzor November 3-4, he said in 2010, the output amounted
to $8 million, and in 2015 it is likely to jump to $30-35 million.
According to the National Statistical Service of Armenia, the
pharmaceutical sector posted a 5.3% rise in the first nine months of
this year from a year earlier. The total production in that time span
made about 2.7 billion drams.
In the reporting period pharmaceuticals sales made 2.6 billion drams,
a 12.3% growth compared to the same period of 2011, including 935.2
million drams worth products sold in former Soviet republics.
According to Mirzoyan, exports should increase to $20-25 million by
2015 and further to $75-$114 million by 2020.
He said a set of measures will be implemented to attain these figures,
including soft loans and government grants.
The informal gathering was attended by economy and health ministers
Tigran Davtyan and Derenik Dumanyan. The event was organized by the
Union of Manufacturers and Importers of Medicines, the Ministry of
Health and the Ministry of Economy, with the support of EDMC / USAID).
($ 1 - 405.96 drams). -0-
From: A. Papazian
YEREVAN, November 5. / ARKA /. Annual production of medicines in
Armenia is to rise to $95-$135 million by 2020, according to Hayk
Mirzoyan, head of a department in the economy ministry in charge of
industrial policies.
Speaking to ARKA news agency on the sidelines of the fourth informal
meeting of heads of local pharmaceutical companies, held in the resort
town of Tsakhkadzor November 3-4, he said in 2010, the output amounted
to $8 million, and in 2015 it is likely to jump to $30-35 million.
According to the National Statistical Service of Armenia, the
pharmaceutical sector posted a 5.3% rise in the first nine months of
this year from a year earlier. The total production in that time span
made about 2.7 billion drams.
In the reporting period pharmaceuticals sales made 2.6 billion drams,
a 12.3% growth compared to the same period of 2011, including 935.2
million drams worth products sold in former Soviet republics.
According to Mirzoyan, exports should increase to $20-25 million by
2015 and further to $75-$114 million by 2020.
He said a set of measures will be implemented to attain these figures,
including soft loans and government grants.
The informal gathering was attended by economy and health ministers
Tigran Davtyan and Derenik Dumanyan. The event was organized by the
Union of Manufacturers and Importers of Medicines, the Ministry of
Health and the Ministry of Economy, with the support of EDMC / USAID).
($ 1 - 405.96 drams). -0-
From: A. Papazian