BMI View: After several years of budget cuts, which have had an impact on the healthcare sector, Latvia’s pharmaceutical market is re-emerging with steady growth forecast. Spending on pharmaceuticals will be driven by the strength of the private sector since the market has a high proportion of out-of-pocket expenditure. Meanwhile, the country’s manufacturing sector should benefit from its anticipated membership of the eurozone, which remains on track. Headline Expenditure Projections ? Pharmaceuticals: LVL221mn (US$307mn) in 2012 to LVL230mn (US$432mn) in 2013; +4.0% in local currency terms and +6.1% in US dollar terms. Forecast broadly unchanged from previous quarter. ? Healthcare: …
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