Nov 02, 2018

Position of Farmak JSC regarding imposition of sanctions

The strategic goal of Farmak JSC is to expand exports to the EU and to enter new markets

Imposition of sanctions on Farmak JSC will not affect the company’s strategy and operations.

Farmak JSC represents our state with dignity in the international arena: the company’s products are marketed in more than 20 countries of the world. Farmak’s products enjoy strong demand on exports markets due to high quality, efficacy, and safety.

To date, Farmak JSC supplies products to Poland, Bulgaria, Latvia, Lithuania, Germany, and Slovakia. This year, Farmak JSC started exporting products to Australia and Libya.

The company’s strategic goal is to increase exports to 40% over the next five years, primarily by expanding sales to Europe and exploring new markets. Farmak JSC will continue to develop its presence on the EU markets. The company intends to focus its attention on German and UK markets – the largest in the region. South-East Asia, in particular, Vietnam, Indonesia, and the Philippines, is also one of the priority directions for the company’s business development.

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