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ARMENIAN PHARMACEUTICAL PRODUCTION INCREASES BY 30% IN 2013
IHS Global Insight
March 6, 2014
by Kavita Rainova
Pharmaceutical production in Armenia increased 29.9% year on year
(y/y) to AMD5.28 billion (USD12.75 million) in 2013, reports ARKA news
agency citing the country's National Statistics Service. Furthermore,
as reported by ARKA, the country's prime minister, Tigran Sargsyan,
has stated that the pharmaceutical industry annually reports a 35%
growth in exports.
Significance:The 30% y/y increase for 2013 follows previous reports
that the pharmaceutical production in the country increased by 25% y/y
in the period January-October 2013 (seeArmenia: 4 December 2013:). In
terms of the statement related to the pharmaceutical export growing
35% annually, the statistics would come as a positive development
for the country's government given that the pharmaceutical industry
is one of the 11 industries included in the country's strategies
for export-oriented industry development which was approved in 2011
(seeArmenia: 19 September 2013:). For the purpose of increasing
exports, for instance, it was reported in late 2012, that the country
intended to implement good manufacturing practice (GMP) standards
from 2013
IHS Global Insight
March 6, 2014
by Kavita Rainova
Pharmaceutical production in Armenia increased 29.9% year on year
(y/y) to AMD5.28 billion (USD12.75 million) in 2013, reports ARKA news
agency citing the country's National Statistics Service. Furthermore,
as reported by ARKA, the country's prime minister, Tigran Sargsyan,
has stated that the pharmaceutical industry annually reports a 35%
growth in exports.
Significance:The 30% y/y increase for 2013 follows previous reports
that the pharmaceutical production in the country increased by 25% y/y
in the period January-October 2013 (seeArmenia: 4 December 2013:). In
terms of the statement related to the pharmaceutical export growing
35% annually, the statistics would come as a positive development
for the country's government given that the pharmaceutical industry
is one of the 11 industries included in the country's strategies
for export-oriented industry development which was approved in 2011
(seeArmenia: 19 September 2013:). For the purpose of increasing
exports, for instance, it was reported in late 2012, that the country
intended to implement good manufacturing practice (GMP) standards
from 2013