Drug producers nervous about weak forint
If the Ft/Euro foreign exchange rate climbs to 300 Ft/Euro, drug producers and importers will initiate talks with the state to notify government officials that their agreement of cooperation is no longer sustainable. Drug manufacturers will contribute Ft 22.3 billion to Hungary's drug budget this year, but they aim at renegotiating the conditions next year. The weak rate of the forint also creates tension amongst drug importers. Effective July 1, the list of subsidized drugs will change: 300 types of drugs will be cheaper and 1000 will be more expensive, expected to lead to Ft 40 billion savings. If the government were to leave the list of the subsidized drugs intact, the drug budget would be overspent by as much as Ft 90 billion. (NG 1)
ADVERTISEMENT
IWG Opens New Regus Center in Biatorbágy
Parliament Negates Mandatory Membership in MOK
MNB Grants License to Local iBanFirst Fintech Branch
Meet the Expat CEO of the Year Nominees
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.
.jpg)
