Home News Algarve pharmacies – one in four is insolvent

Algarve pharmacies – one in four is insolvent

Published on 12/06/2017

A reported 25% of the Algarve’s pharmacies are insolvent or have official charges over their assets (penhoras), according to a statement from the National Association of Pharmacies.

The study released today shows that the number of pharmacies in Portugal that are insolvent, or that have penhoras attached to their assets, continues to rise with a five year increase of 145% showing the financial difficulties the sector faces.


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