The Total Economic Footprint of the Pharma Sector in Bulgaria is Totalling BGN 2.8bn and is 2.2% of the GDP for 2021
The total contribution that the pharmaceutical industry has provided for the Bulgarian economy in 2021 is estimated at approximately BGN 2.8 billion or 2.2% of the country's gross domestic product, which is in line with the average level for Europe. These and other data were presented for the first time by Mr. Luka Chichov, Executive Director of IQVIA for Central and Eastern Europe, in a report delivered on May 30, 2023 during an expert meeting "Economic and strategic contribution of pharmaceutical sector in Bulgaria".
The meeting is organized by the representative organizations of the pharmaceutical industry in Bulgaria - the Association of Scientific Research Pharmaceutical Manufacturers in Bulgaria (ARPharM), the Bulgarian Generic Pharmaceutical Association (BGPharmA) and the Bulgarian Association of Wholesalers of Medicines (BATEL), with the support of the Confederation of Employers and industrialists in Bulgaria (KRIB), and in partnership with the American Chamber of Commerce in Bulgaria.
The presented report outlines the essential importance of the pharmaceutical sector for the Bulgarian health care and economy, and the contribution of innovative and generic pharmaceutical companies, wholesalers, retailers and clinical trial companies.