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Cyprus

Prices reductions on medicines effective today

By Staff Reporter

The health ministry uploaded earlier today the new price list of almost 2,000 medicines.

On average prices have been reduced by around 15.5 per cent even though in some cases the reductions are as high as 80 per cent.

The ministry announced last Friday that further reductions would be put in place in March.

The recommendations are in line with a report last year from the World Health Organisation that put medicine prices in Cyprus among the highest in the world.

An updated price list includes the maximum retail (inclusive of VAT) and wholesale prices of 5,374 medicines, of which 1,968 were reduced while 442 are to remain at current levels. Another 333 drugs were already under a price freeze, which is to remain in force. The remainder, those non-prescription medicines whose price is below €10 are exempt from price controls.

NEW PRICE LIST

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