HEALTH IN ARMENIA TO COST 30% MORE EXPENSIVE

PanARMENIAN.Net
06.03.2009 13:54 GMT+04:00

/PanARMENIAN.Net/ The prices for medicine have gone up 30% as result of
dram devaluation. Costs of infant food will also increase, according to
a survey conducted by a PanARMENIAN.Net in the capital’s drug stores.

Natalie Pharm company managers said they will review prices. Given 12%
customs duties and 20% VAT, the prices will go up, they said.

The CB Tuesday decision on transition of floating rate, the
dram-to-dollar rate reached AMD400/$1. The next day the currency
market stabilized in some way and the rate was fixed at AMD373/$1.

The prices for imported goods have gone up 10-12%. Meanwhile, NGO
researches testify a 25-30% increase.

Armenian Prime Minister promised that the process will stabilize
within next few days and will not be shocking for the population.