CMRC Finale promises big things

first_img– SR3 Radicals, Drift exhibition to be staged THE Guyana Motor Racing and Sports Club (GMR&SC) officially launched their 2017 Caribbean Motor Racing Championship (CMRC) on Friday evening.The event was officially opened by Minister of State Joseph Harmon who also gave the feature address at the GT Motorsports hall.Speaking to those in attendance, Harmon said, “I want to say that is something to which we can commit to working with the GMR&SC to achieve that goal. I think this is the vision we have to give to Guyanese, we have to start thinking big and we have to start acting big.”He commended the club for its organisational and management skills as well.Also present was Minister of Public Works, David Patterson, who echoed the sentiments of Minister Harmon.“Quietly and admittedly with not as much help from the government, whichever government, you’ve been able to annually provide a top-class sporting activity in the Caribbean, so for that you should be congratulated.”The event was opened by vice -president Hansraj Singh who contended that this year will feature two new dimensions in the SR3 Radicals and a professional drifting exhibition out of Trinidad & Tobago.“I feel the Guyanese people are in for a treat with the two new dimensions that are being delivered here,” he added.Also in attendance was the Director of Tourism, Donald Sinclair, who commended the body for always putting on a high class event.He also spoke about how important events like the CMRC are to sport tourism locally and advancing that as a product.GMR&SC President Rameez Mohamed, in closing remarks, thanked those who turned up to support the event.last_img read more

Greek generic drugs prices sky high

first_imgWhile Health Minister Adonis Georgiadis may claim that doctors are ‘partying’ at the expense of patients, his ministry’s pricing rules for generic drugs means patients and insurance funds pay much more than their counterparts in SwedenGeneric drugs sold in Greece can cost up to 880% times the price of the same medicines in more affluent Sweden due to the pricing system followed by the health ministry, Eleftherotypia has revealed.The health ministry has repeatedly claimed that doctors are frustrating the government’s aim to reach a point where 60% of all drugs prescribed are generic. But the pricing system followed by the government means that the difference between patent and generic drugs is insignificant compared to Sweden, where half of all prescriptions are generic.Under current rules, when the patent expires on a particular medicine, the price of drug is reduced by 50%, based on the highest price it once had on the market.Similarly, under the same rules, the generic drug costs 40% of the original price of the patented drug.Thus, if one patented drug cost €10 a pack, its off-patent price would be €5 and the generic equivalent €4 – a minimal price difference.These rates are fixed, meaning that the rules applied to patented drugs – that they must cost the average of the three lowest prices of the drugs in other EU countries – do not apply.The situation has attracted the attention of the troika, which has called on the health minister to change the pricing system for off-patent drugs so that they too are in line with the three lowest prices available elsewhere in the EU. Source:enetenglish Facebook Twitter: @NeosKosmos Instagramlast_img read more