Saturday April 25, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Minister confirms cuts to pharmacists’ profit margins

Pharmacists’ average profit margins are to be slashed by more than 5 percentage points as part of Greece’s efforts to meet the reform targets it has been set to receive its next sub-tranche of bailout funding, Health Minister Makis Voridis said on Wednesday.

Voridis said that he issued a ministerial decision that will gradually bring down the average profit margin on medicines sold by pharmacies to 15.7 percent from the current rate of 21 percent. The pretax profit that pharmacists will be able to claim will range from 30 percent for medicines sold for less than 50 euros to 2.25 percent for drugs that cost more than 3,000 euros.

Bringing down pharmacists’ profit margins is one of the six prior actions the government has to complete before the end of the month to receive its next installment of 1 billion euros. Voridis’s sudden decision was not welcomed by the Panhellenic Pharmacists’ Association, which called an emergency meeting for Saturday. “Pharmacies are closing and the government continues to take decisions that harm them and patients,” said association representative Kyriakos Theodosiadis.

ekathimerini.com , Wednesday Jul 2, 2014 (20:45)  
FM warns against a lose-lose situation [Update]
PM tries to appease mayors, regional governors over cash bill
Poll: Large majority of Greeks want compromise with lenders
Police rescue 69 migrants from Evros River
Construction material costs slide anew
The decline in oil rates has contributed to the further fall in construction material prices and the cost of building new residential properties, according to data released on Friday by the ...
Navios taps German shipping opportunities
The wide margin of difference between the health of Greek and German shipping is clearly illustrated by the deal for the sale of 14 oceangoing vessels by German bank HSH Nordbank AG debtor c...
Inside Business
SOCCER
Rival soccer fan clashes leave man stabbed
One man was stabbed and several others slightly injured as rival Thessaloniki club fans clashed late on Friday at an event held by Aris supporters. Reports from Greece’s second city stated t...
TRACK & FIELD
Grabbing the shoes that have gone a long way
Greek Marathon legend Maria Polyzou is calling on everyone to join her in her charity run at the Dusseldorf Marathon on Sunday, April 26, by bidding for her special shoes she will race in an...
Inside Sports
COMMENTARY
Five years ago
This week marks five years since Greece officially entered a period of crisis when then Prime Minister George Papandreou announced that the country would seek a bailout from the eurozone and...
EDITORIAL
Slippery slope
The extremely divisive language that is currently being used by parliamentary deputies and coalition ministers is both unacceptable and dangerous. It is high time that the tired, old argumen...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. FM warns against a lose-lose situation [Update]
2. PM tries to appease mayors, regional governors over cash bill
3. Poll: Large majority of Greeks want compromise with lenders
4. Police rescue 69 migrants from Evros River
5. Thessaloniki nanny denies abusing toddler
6. Cigarette-smuggling ring arrested in northern Greece
more news
Today
This Week
1. Five years ago
2. Greece not playing a game of chicken on debt
3. Slippery slope
4. Poll: Large majority of Greeks want compromise with lenders
5. Police rescue 69 migrants from Evros River
6. Cigarette-smuggling ring arrested in northern Greece
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greek government's popularity takes a hit as talks drag on
3. Putting off payments led to Q1 budget primary surplus
4. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
5. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
6. Europe's collision course with Greece
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.