October 5, 2012 - 14:22 AMT
Medicine procurement violations badly damage Armenian budget

Market research in the field of procurement of medicines by State Commission for the Protection of Economic Competition of Armenia has revealed cases of anti-competitive agreements, with several companies fined.

Natali Pharm, a major distributor of medicaments in Armenia, was fined AMD 50 mln.

The damage inflicted on the state budget as a result of the violation of public procurement process totaled AMD 1,5 bn. With 134 hospitals and 300 companies inspected, the study revealed that 134 health institutions purchased about 100 medicines without competitive bidding.