Irish businessman interested in producing packs for Armenian drugs

ArmInfo. Suren karayan, the  Armenian Minister of Economic Development and Investments met   Michael Byurc, an Irish businessmen occupied in the sector of  pharmaceuticals industry. 

According to the information of the press office of Armenian Minisry  of Economic Development, Karayan presented to the Irish businessmen  all the options and prospectives of Armmenian pharmaceutical  industry.  According him, the single pharmaceutical market under the   EEU framework , which became effective on January 1, 2016, is an  essential tool for the development of the sector and export. As   Minister mentioned, the procedures of drugs registration is  essentially simplified. Michael Byurc stated he is interested in  producing packs for medicines  in Armenia. According to the  businessman proposal, the cooperation will be set with the  Ireland  Enterprise and Irish Development Fund, which have positive experience  in working with governments, investors and business entities. 

To mention, according to Armenian National Statistics Service,   during January-October 2016, the pharmaceutical industries volumes  formed  AMD 7,1 bln, with an annual growth at 2,2%. The  pharmaceutical share in  processing industry   forms less than 1%.