Economy Minister, pharmaceutical companies of Armenia discuss  measures to enhance and diversify the industry`s investment  environment

ArmInfo. A meeting was held at the Ministry of Economy with representatives from pharmaceutical companies, chaired by Gevorg Papoyan, the head of the economic  department.  The parties talked about the possibility of growing the  industry, the state policies in place for the pharmaceutical sector,  and the measures to enhance and diversify the investment environment.   Both sides stressed the importance of boosting the visibility of  Armenian pharmaceutical products in global markets and expanding  production to meet international needs.

The Minister emphasized the importance of close cooperation between  the state and the private sector to enhance the country's economic  environment. He informed entrepreneurs about the state support  measures implemented within the framework of the five-year program  for the development of the pharmaceutical industry.

According to the RA Statistical Committee, the volume of  pharmaceutical production in Armenia for the first 9 months of 2024  grew by 6.2%, amounting to 8.9 billion drams.