Who Owned Georgia English.pdf

to 60% in 2010 203 . From 2007 to 2010, the expenditures onpharmaceuticals have been increasing at a pace of 23.7% everyyear. 204The Health Utilization and Expenditure Survey of the WorldBank attributes most of these increases to the rising costs foroutpatient drugs. 205 Georgia currently spends 4% of its GDP onpharmaceuticals, which is double that of the United States, acountry known for its high expenditures on pharmaceuticals. 206There are 70 manufacturers on the Georgian market but onlytwo companies, Aversi Rational and GMP (PSP), account for 90%of manufacturing 207 . They are also the largest companies in theimport and distribution sector where they have a joint share of48%. GPC and ABC Pharmacy are the next largest companies andjointly account for 23% of the import/distribution.The largest retail chain is Aversi, with 213 pharmacies. 208It was established in 1994 as an importer and distributor andexpanded into the retail sector in 1998. In 2002, Aversi started203 Georgia Health Utilisation and Expenditure Survey. page 31 2010, GeorgiaHealth and Social Projects Implementation Centre, MOLHSA NationalStatistics Office of Georgia, Geostat, Oxford Policy Management, CuratioInternational Foundation, Accessed 05/12/2012204 Georgia – National Health Care Strategy 2011-2015; page 6 Affordable andQuality Health Care, Ministry of Labour, Health and Social Affairs of Georgia.http://www.healthrights.ge/wp-content/uploads/2012/05/jandacva_Eng.pdfAccessed 05/12/2012205 Georgia Health Utilisation and Expenditure Survey. page VI 2010, GeorgiaHealth and Social Projects Implementation Centre, MOLHSA NationalStatistics Office of Georgia, Geostat, Oxford Policy Management, CuratioInternational Foundation.206 Expenditure on Pharmaceuticals Per Capita 2007, OECD Ilibraryhttp://www.oecd-ilibrary.org/sites/health_glance-2009-en/07/05/index.html?contentType=&itemId=/content/chapter/health_glance-2009-71-enAccessed 12/09/2012207 Based on the production value in USD. Invest in Georgia The Association ofYoung Financiers and Businessmen, (2011), The Georgian PharmaceuticalMarket Conclusions and Recommendations.208 Aversi’s Company Website http://www.aversi.ge/main.php?lang=eng&id=107Accessed 12/09/201251