The Cabinet of Ministers approved the proposal raised by the Minister of Health to reduce the maximum retail price of 60 medicines by 16% with effect from 15.06.2023 and review the price of medicines every three months

The Cabinet of Ministers granted approval to the proposal submitted by the Minister of Justice, Prison Affairs and Constitutional Reforms for publishing the draft bill prepared by the Legal Draftsman which includes the clear and precise provisions and situational circumstances regarding the offense of ‘contempt of court’ , defense and easing the penalty as well as the procedure to follow when easing the penalty,  in the government gazette and subsequently to be tabled in the Parliament for its concurrence.

The Cabinet of Ministers granted concurrence to the resolution forwarded by the Minister of Finance, Economic Stabilization and National Policies to remove most of the releases from Value Added Tax (VAT), further retaining releases that ease the pressure on low – income families to secure the fundamental sectors of the economy as well as the releases for sectors such as education, health and agriculture, as well as to revise the provisions applicable for the Value Added Tax (VAT) act so that the Simplified Value Added Tax (SVAT) methodology can be canceled with effect from 01.01.2024 by introducing a more formal methodology for repaying the Value Added Tax (VAT) and to instruct the Legal Draftsman to prepare a draft bill for the purpose.