ADVERTISEMENT

Report: Hungarian government plans to nationalize drugs wholesale

History

The Hungarian government may soon make drugs wholesale distribution a state monopoly, daily newspaper Népszabadság reported on Monday. A package of laws containing this proposal is already before lawmakers, it added. 

The proposal classifies the wholesale of pharmaceutical products among the so-called “Systems and Institutions of Vital Importance.” These include institutions, services and information systems which could deal a serious blow to national security, the economy, public health, public security or the efficient functioning of the government if they become inoperative or get destroyed.

Last summer, state hospital care, rescue management, health care reserves stocks, blood banks, the IT system of health care insurance and a secure lab where they store dangerous viruses were classified in this category. Experts told the daily, that with this step the government can avoid having the nationalization of drugs wholesaling trigger international scandal.

The only thing that would take place in form is that drugs wholesale in hospitals becomes state monopoly. And monopoly can be granted in concession, i.e. a single wholesaler may operate between the producers and the hospitals, wrote business site Portfolio.hu.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.