We condemn unfair commercial practices, said Mr. Skrekas
Four measures to deal with punctuality were announced by the Minister of Development, Kostas Skrekas, specifying the measures announced a while ago by the Prime Minister.
The four measures:
- We reduce supplies to supermarkets and ensure lower prices for the consumer: We reduce supplier discounts by 30% and pass the benefit on to the consumer – Applies to detergents, household cleaners, shower gels, shampoos and baby nappies
- We prevent unjustified mark-ups: We do not allow suppliers who increase prices on products to do promotions for 3 months on all products in supermarkets. Promotions are allowed for suppliers who keep prices fixed
- Fair prices from field to shelf: We require suppliers to sell products to retailers at fair prices. It concerns fresh fruits, vegetables and meats
- Ceiling on the gross profit margin on baby milk: The ceiling is defined as the sum of the company’s operating costs for the specific product and profit at 7%.
Watch the specialization of measures against punctuality by the Minister of Development, Kostas Skrekas.
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