Drug production on record highs in Greece last year

Greece's pharmaceutical industry is going from strength to strength, registering a new high in output last year and continuously expanding production, according to a study by the Foundation for Economic and Industrial Research (IOBE).

Pharma factories in Greece managed last year to raise the value of their manufactured products to 2.19 billion euros, a historic high, marking an annual increase of 14.4% compared to 2022. Within five years the companies of the sector managed to almost double the value of their production, as in 2018 it had reached €1.13 billion.

This stems from the IOBE report titled: "The Pharmaceutical Market in Greece: Facts and figures 2023," prepared in cooperation with the Hellenic Association of Pharmaceutical Companies (SFEE).

According to this study, the pharmaceutical industry is one of the most dynamic sectors of the Greek economy,...