Watch the specialization of the measures live by the Minister of Development Kostas Skrekas for the protection of consumers, the orderly functioning of the market and the treatment of unfair commercial practices and cases of speculation.

The measures, as announced by the minister, are moving along three axes:

  • Reinforcement of measures to achieve 3
  • streamlining anti-money laundering controls
  • the stimulation of competition and the improvement of d

School supplies were down 10% with increased sales, a maximum selling price was imposed on water and the profit cap was locked

Also, the Minister of Development emphasized that the sales chains were asked to reduce prices in Thessaly and a 20% reduction was achieved in several products, while electrical equipment companies also had a positive response

Control levels have imposed fines of 110,000 euros in Thessaly

Market inspections are progressing

Mr Skrekas referred to inflation falling to 3.5% in August, lower than in Europe

“Obscene profit is morally abhorrent and condemnable and we treat it as such” said the minister, proceeding with the announcement of 4 new measures

First step: securing a permanent reduced price on the shelf

The reduction will be 5% for at least six months, not including the discount period

The reference price of the product will be September 19, while anyone who makes a profit will face a 20,000 euro fine per product.

Second measure: Supermarkets are required to notify the ministry of suppliers’ price lists so that checks can be carried out.

Third measure. Transparency in prices and for fruit and vegetables, supermarkets are obliged to announce prices from suppliers

Fourth measure : Strengthening of control mechanisms as the complaints system is strengthened while an application is created on mobile phones for immediate complaints by citizens.

The Deputy Ministers, Mr. Maximos Senetakis and Ms. Anna Mani-Papadimitriou, the Secretary General of Trade & Consumer Protection, Mr. Sotiris Anagnostopoulos and the Commander of the Inter-Service Market Control Unit (DIMEA), Mr. Charalambos Melissinos, participated.