Often known as “parallel investingâ€, This is certainly the way it works. Authorised distributors import medicines from multinational drugmakers to nations including Bulgaria, Greece or Portugal exactly where they are priced comparatively cheaply in keeping with benchmarks employed by nationwide authorities.
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Pharmacy operator Hristo Jelev acknowledged that the gross sales were being towards the legislation but explained the reality he compensated taxes on them mitigated any wrongdoing. “I don’t have working money and those payments are progress financing for long term supplies,†he told BIRN. Distributor MN 2011 declined to remark.
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BIRN found an abundance of proof of unlawful income to distributors by pharmacies. Bill facts through the Earnings Company attained by BIRN parallel profits members showed that six distributors purchased medicines really worth two.
As the NHIF addresses the cost of prescription medicines, it is illegal for pharmacies or people today to provide drugs again to distributors. Illicit parallel trade in medicines in Bulgaria is worthy of all over 50 million euros a 12 months, NHIF deputy director Petrov stated.