Pharmacy sales in the first quarter of 2023 amounted to 42.3 billion UAH in money terms and 309.8 million packs in kind, the Business Credit company told the agency.
At the same time, according to the company, in the fourth quarter of 2022 pharmacy sales of 39.5 billion UAH or 308.7 million packs.
The sales increase in monetary terms the company’s analysts explain the growth in weighted average retail price – for three months the average price of goods rose by 8.3 UAH.
In monetary terms the leaders of pharmacy sales turnover in the first quarter were mineral water (+17.3%). At the same time the prices in this group of goods rose by 9.45%. In addition, among the leaders of turnover were dietary supplements (+13.6%), with prices up 5.1% and demand up 8%.
The medicinal cosmetics segment (10.5%) grew in monetary terms in the first quarter of 2023.
In other product groups, the turnover in the first quarter increased slower than the market, or declined at all.
At the same time, the company’s analysts forecast growth of turnover in pharmacy sales due to inflation, rising prices and changes in consumption patterns amid stagnating consumer demand.
At the same time, according to the company, by the end of 2022 the retail pharmacy sales fell by 9.7% in volume terms to 1.2 billion units against 1.417 billion in 2021.
In monetary terms, pharmacy sales in 2022 rose 13.4% to 143.2 billion.
“The increase in turnover in monetary terms was primarily due to high inflation. In the structure of pharmacy sales, inflation was 18% on the background of retail price growth (25.6%). Own price growth led to an increase in turnover in monetary terms against the background of falling consumer demand,” the company states.
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The need to develop a National Revenue Strategy (NRS), which is discussed in the program of cooperation with the International Monetary Fund, is due to Ukraine’s high current dependence on foreign aid and the need to reduce it in the future, Finance Minister Serhiy Marchenko said
“Why do we need a National Revenue Strategy at all? Because we are now 50% dependent on foreign aid. Ukraine cannot live like this, it cannot! … The National Revenue Strategy aims to create conditions for a revenue base inside the country to reduce external dependence,” he said in an interview with Interfax-Ukraine.
The minister added that another most important task of the strategy is to establish fairness in terms of taxation. “Those who have income should pay taxes and without all kinds of ways of preferential treatment,” Marchenko explained.
He specified that according to the agreements with the IMF a corresponding action plan should be prepared in May and the strategy itself should be adopted by the end of the year.
“I see no problem with the documents, which should be prepared by the Ministry of Finance and the National Bank – we are quite competent here and are ready to move quickly,” said the head of the Ministry of Finance.
As reported, the four-year EFF program with the IMF stipulates that in the second phase, which tentatively begins in 2025, fiscal policy will focus on critical structural reforms to guarantee medium-term revenues through the implementation of the NDS along with improved public financial management and the introduction of public investment management reforms to support post-war recovery.
The strategy, as stated in the Memorandum with the IMF, will define the key principles and objectives of tax policy and administration for both the short-term and post-war recovery, and outline the steps to be taken to prepare and implement the NSDS.
The Cabinet of Ministers of Ukraine adopted a decision on March 24 instructing the Ministry of Finance to begin preparing the NSD for 2024-2030. By the end of May, an action plan must be developed, including to address key issues identified through the taxpayer survey, which will be an input into the NSD roadmap. This requirement is one of the program’s 19 structural beacons.
A gap analysis, supported by IMF technical assistance, will then be carried out to use this information in a roadmap for the NDS (2024-2030), with clear revenue and other policy targets, and guidelines for coordination between government agencies, donors, the private sector and civil society, led by the Ministry of Finance. This should be completed by the end of July 2023, and the final strategy will be adopted by the end of 2023, another structural beacon.
According to Rostislav Shurma, deputy head of the Office of the President, the NSD will primarily be driven by the concept of a tax model. “This is a concept that we have proposed and will discuss in some modified form with both the government and the IMF,” he said on March 23 on the sidelines of the Ukrainian Tax Reform and Anti-Corruption Summit.
Turkish Health Minister Fahrettin Kocia said Thursday that President Recep Erdogan’s health is fine, Turkish media reported.
“I was with him this morning. He is fine. The effects of the infection he contracted have diminished,” the minister wrote on social media.
For his part, Fahrettin Altun, head of the Turkish presidential administration’s communications department, denied reports about Erdogan’s serious condition that appeared earlier in the media, and said that the Turkish leader continues to work.
“The opposition is trying to gain political advantage by spreading unfoundedly distorted information even about our president’s health condition. Our president continues to serve with great strength, health and energy,” Anadolu quoted Altun as saying.
The agency recalls that the day before the Center to Combat Disinformation of the Communications Department denied reports in some social media accounts that Erdogan “had a heart attack and was hospitalized. According to the center’s statement, they do not reflect the truth.
Turkish and foreign media reported that Erdoğan felt unwell during an interview on Tuesday night, for which he had to interrupt his live broadcast. Allegedly, it was an acute digestive disorder.
“There was quite intense campaign work yesterday and today, and because of this work, my stomach got sick,” Erdoğan explained on Tuesday.
Because of his health problems, Erdogan cancelled campaign events that were scheduled for Thursday. At the same time, Anadolu writes that the president cancelled plans to rest after a number of his campaign events.
The Ministry of Foreign Affairs of Ukraine in cooperation with other agencies continues an operation to rescue Ukrainians who found themselves in the zone of military operations in Sudan. In total, thanks to a multi-level, carefully planned operation, Ukraine has already evacuated 91 citizens from Sudan, the spokesman for the Ukrainian Foreign Ministry, Oleg Nikolenko, said.
“Over April 24-26, diplomats evacuated three groups of citizens: 83 Ukrainians and 4 Sudanese – members of their families, as well as 51 foreigners (citizens of Georgia, Peru, Canada and St. Kitts and Nevis). Sixty-four have expressed a desire to return to their home country. They are expected to arrive today by charter flight to Poland and will be delivered to Ukraine. Another group of five Ukrainians was evacuated to Egypt by bus this morning. They are now safe. Another three citizens were evacuated in coordination with the German government,” Nikolenko wrote on Facebook.
He noted that the Ministry continues to monitor the security situation and take measures to ensure the safety of Ukrainian citizens in Sudan. In case they wish to evacuate, the Ministry of Foreign Affairs and the Ukrainian Embassy in Egypt will provide them with maximum assistance.
The National Bank of Ukraine (NBU) has improved its forecast for the country’s gross domestic product growth in 2023 to 2 percent from 0.3 percent in its January forecast, which is largely due to lower security risks, the restoration of the energy system, as well as soft fiscal policy.
“The economy will return to growth as early as this year and accelerate in the years ahead on the back of the reduced security risks in the forecast. Given the rapid recovery of the energy system, as well as the soft fiscal policy, the forecast of economic growth in 2023 has been improved from 0.3% to 2%,” the NBU said in a press release on Thursday.
It is indicated that the reduction of security risks from next year, which is allowed in the baseline scenario of the NBU forecast, will accelerate economic growth – up to 4.3% in 2024 and 6.4% in 2025.
Besides, de-occupation of territories and full opening of the Black Sea ports will gradually increase industrial production and crops.
The central bank also expects domestic demand to expand due to the return of some forced migrants.
The regulator noted that under the assumptions of the danger situation, no significant power shortages are envisaged in the future, except for local and situational deficits in the second half of the year.
At the same time, an increase in budget expenditures against the background of significant volumes of international financial aid will support economic activity and consumption.
