All companies, importers, distributors and retailers are obliged to set the maximum upper limit for medicines from today, according to the specified reference price.
The state regulation of the price on pharmaceutical products lists the reference countries: the Republic of Latvia, Montenegro, the Republic of Bulgaria and the Republic of North Macedonia.
The reference system is being introduced for select categories of drugs designated for chronic and oncological illnesses in the first phase - with over 1,300 products involved - it would be gradually expanded to cover other medicines.
As for the frequency of price updates, a planned review of prices is provided once a year and will be published in November by the Administrative-Legal Act of the Minister of IDPs from the Occupied Territories of Georgia, Labor, Health and Social Protection.
