Cyprus Mail
Cyprus

Price of meds hiked over 26% in north

An increase of 26.4 per cent in the price of medicines in Turkey has had a knock-on effect on prices in the north, Turkish Cypriot press reported on Thursday.

It was announced that Turkish authorities and pharmaceutical companies agreed last week on hiking prices by 26.4 per cent to compensate suppliers for a slump in the value of the Turkish lira against foreign currencies last year, which hit profit margins.

Suay Sevinc, chairman of the Turkish Cypriot pharmacists’ association, speaking to Kibris, said that the change in prices took effect on February 19, adding that the decision on hiking prices was implemented simultaneously in Turkey and in the north.

Hundreds of Greek Cypriots also buy their meds in the north as they are cheaper.

Related posts

Napa rape trial: police tactics in the dock

Agnieszka Rakoczy

Morphou bishop stays mum over anti-gay statements

Peter Michael

Fire in Paphos villages partially under control

Staff Reporter

Money laundering reports ‘defame president and country’ (Updated)

Peter Michael

New law on court translations will have significant impact

CM Guest Columnist

Visits to Paphos restaurants down 10 per cent

Peter Michael