Yesterday, Parliament passed a controversial bill banning price increases for drugs. The second reading of the document is virtually unchanged, despite the promise of Deputies to take into account the recommendations of the business. Since the law came into force on the cost of drugs will be frozen at the level of July 2008, which could lead to shortages and losses in the industry of 6-7 billion UAH.
In the first reading the bill number 3426 on a moratorium on the increase in prices and tariffs on medicines and products mednaznacheniya deputies of the Communist Party Peter Simonenko and Vladimir Matveyev was passed by Parliament on 6 October. According to him, the domestic production of medicines must be sold at prices set by the State and imported - at a price in July 2008. The moratorium is introduced at a time of financial crisis before the establishment of minimum wages and pensions to the subsistence level, and repayment of salaries, scholarships and cash security of students, trainees and students.
Yesterday's voting was rather quickly - MPs, almost without discussing the document, first voted for the abolition of a number of mitigating the bill amendments, and then took his second reading and as a basis. During his acceptance as a basis voted 242 MP: from the Party of Regions - 158, BYuT - 27, PSD - 10, CPU - 27, Lytvyn's bloc - 19 deputies. Thus, even if the president veto the bill the parliament has all the chances to overcome his veto.
The second reading of the bill virtually unchanged. Although the head of the Verkhovna Rada Committee on Health Bakhteyeva (OL) promised that the committee will determine the list of drugs whose prices are not regulated.
market participants called the bill absurd. Nobody thought it would be adopted, the more so - so quickly. Today, the industry blow on the head, - said Executive Director of European Business Association (EBA farmkomitet brings together more than 40 major drug manufacturers) Anna Derevianko. In corporation Arterium initiative BP regard as unconstitutional. It's unclear how this law would work if it enters into force - the document did not indicate on what basis will be determined by the average price level in July 2008, - said Derevianko.
the unconstitutionality of the bill before the vote drew attention to the Legal Affairs Bureau BP. The findings of the management of 19 October noted that a moratorium provides for its temporary effect. But the bill contains the dates associated with the onset of uncertainties, namely - the completion of the financial crisis, the repayment of arrears of wages, etc. This position does not meet the requirements of Art. 19 of the Constitution, according to the findings of management. We are the least interesting of the main conclusions of the administration, the Constitutional Court and the market participants. We think about life, about the enormous problems in the health sector and about why drug prices artificially high, - said the deputy Petr Simonenko.
Market participants are hoping that President Viktor Yushchenko vetiruet law. Otherwise, there might be shortage of imported medicines (which accounted for about 65% of the market). The volume of imported drugs market in Ukraine is estimated at about $ 2 billion industry losses due to the consequences of this bill could be around 6-7 billion UAH, - says Anna Derevianko. According to the senior partner of law firm Ilyashev and partners Roman Marchenko, a bill can be challenged in the Constitutional Court. But now, the COP - so non-independent body that makes decisions based on the current political situation, which rely on this particular do not have to, - says Mr Marchenko. Get your comment in the presidential secretariat on the matter yesterday failed.
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Pharmacists feel bad
Yesterday, Parliament passed a controversial bill banning price increases for drugs. The second reading of the document is virtually unchanged, despite the promise of Deputies to take into account the recommendations of the business. Since the law came into force on the cost of drugs will be frozen at the level of July 2008, which could lead to shortages and losses in the industry of 6-7 billion UAH.
In the first reading the bill number 3426 on a moratorium on the increase in prices and tariffs on medicines and products mednaznacheniya deputies of the Communist Party Peter Simonenko and Vladimir Matveyev was passed by Parliament on 6 October. According to him, the domestic production of medicines must be sold at prices set by the State and imported - at a price in July 2008. The moratorium is introduced at a time of financial crisis before the establishment of minimum wages and pensions to the subsistence level, and repayment of salaries, scholarships and cash security of students, trainees and students.
Yesterday's voting was rather quickly - MPs, almost without discussing the document, first voted for the abolition of a number of mitigating the bill amendments, and then took his second reading and as a basis. During his acceptance as a basis voted 242 MP: from the Party of Regions - 158, BYuT - 27, PSD - 10, CPU - 27, Lytvyn's bloc - 19 deputies. Thus, even if the president veto the bill the parliament has all the chances to overcome his veto.
The second reading of the bill virtually unchanged. Although the head of the Verkhovna Rada Committee on Health Bakhteyeva (OL) promised that the committee will determine the list of drugs whose prices are not regulated.
market participants called the bill absurd. Nobody thought it would be adopted, the more so - so quickly. Today, the industry blow on the head, - said Executive Director of European Business Association (EBA farmkomitet brings together more than 40 major drug manufacturers) Anna Derevianko. In corporation Arterium initiative BP regard as unconstitutional. It's unclear how this law would work if it enters into force - the document did not indicate on what basis will be determined by the average price level in July 2008, - said Derevianko.
the unconstitutionality of the bill before the vote drew attention to the Legal Affairs Bureau BP. The findings of the management of 19 October noted that a moratorium provides for its temporary effect. But the bill contains the dates associated with the onset of uncertainties, namely - the completion of the financial crisis, the repayment of arrears of wages, etc. This position does not meet the requirements of Art. 19 of the Constitution, according to the findings of management. We are the least interesting of the main conclusions of the administration, the Constitutional Court and the market participants. We think about life, about the enormous problems in the health sector and about why drug prices artificially high, - said the deputy Petr Simonenko.
Market participants are hoping that President Viktor Yushchenko vetiruet law. Otherwise, there might be shortage of imported medicines (which accounted for about 65% of the market). The volume of imported drugs market in Ukraine is estimated at about $ 2 billion industry losses due to the consequences of this bill could be around 6-7 billion UAH, - says Anna Derevianko. According to the senior partner of law firm Ilyashev and partners Roman Marchenko, a bill can be challenged in the Constitutional Court. But now, the COP - so non-independent body that makes decisions based on the current political situation, which rely on this particular do not have to, - says Mr Marchenko. Get your comment in the presidential secretariat on the matter yesterday failed.
Quarterly reporting Bank of NY Mellon Corp
Rates, risks and Co.
Overview of the oil market for 20.10.09
Tigipko believes that the government uses repression against the business tax, which would have the opposite result
Gazprom plans to acquire 10% of U.S. natural gas market within 10 years
Fitch may increase the rating of Naftogaz
Analytics - the outcome of the day
Energy, World Stock Market, Currency, Weather …
Forex on the European session
Paper metallurgical sector are losing an average of 3,27%