Product categories for which it is provided announcement of price increases by supermarkets whose total annual turnover exceeds 90,000,000 euros provides for a ministerial decision signed by the Minister of Development Kostas Skrekas. It describes the process of sending them to the Ministry of Development.
Supermarkets: When will the signs on the shelves for the products with a reduced price
Announcements of any price increase in products necessary for decent living or products in high demand will are sent to the Ministry of Development every Tuesday, until 15:00.
In the event that the debtor conceals, falsifies or does not provide the information, a fine of 50,000 euros is imposed by the Interagency Market Control Unit (D.I.M.E.A.).
Product categories
Table of Contents
Table of Contents
- Rice
- Bread for toast
- Bread loaf
- Toasts
- Spaghetti type macaroni
- Flour
- Legumes
- Paris
- Turkey (sausage)
- Frozen fish
- Fresh pork
- Fresh chicken and chicken parts
- Fresh beef
- Fresh whole milk
- Fresh milk with low fat
- Highly pasteurized (long life) whole milk
- Highly pasteurized milk (long life) with low fat
- Evaporated milk
- Unflavored cow’s milk yogurt
- Unflavored low-fat cow’s milk yogurt
- Cheese slice
- White cheese
- Gouda cheese
- Low-fat cheese
- Preserved tomato juice
- Eggs
- Margarines
- Butter
- Olive oil
- Sunflower oil
- Frozen vegetables
- White sugar
- Sweeteners suitable for diabetics (eg stevia)
- Oat products
- Baby cream
- Infant milk
- Greek coffee
- Instant coffee
- French coffee
- Orange juice
- Soft drinks
- Beer
- Water
- 43 Chocolates
- Fuels (firewood, pellets, briquettes)
- Laundry detergents (liquid and powder – not tablets)
- Detergents for mopping and cleaning surfaces – bleaches
- Dish detergents for hand washing
- Kitchen paper
- Toilet paper
- Toothpastes
- Sanitary napkins or tampons
- Shampoo
- Soaps in solid state
- Incontinence diapers
- Diapers for babies
- Baby wipes
- Baby shampoo
- Food for dogs
- Cat food
The Ministerial Decision also defines the categories of fruit and vegetable products for which the announcement of retail sales prices is foreseen in the Ministry of Development
The announcements of the indicative retail sales prices of fruit and vegetable products will be sent every Tuesday, at 09:00 through the digital platform e-katanalotis.gr.
#products #announced #price #increases #supermarkets
What are the key requirements for supermarkets regarding price increases under the new Greek regulation?
Government Regulation on Price Increases: What Supermarkets Need to Know
In a move to promote transparency and fair competition in the market, the Greek government has introduced a new regulation requiring supermarkets with an annual turnover exceeding 90 million euros to announce any price increases for certain essential products. This decision, signed by the Minister of Development, Kostas Skrekas, aims to protect consumers from arbitrary price hikes and ensure that they are informed about any changes in the prices of essential goods.
Product Categories Affected
The regulation applies to a range of essential products that are necessary for decent living or are in high demand. These products include:
Rice
Bread
Pasta
Legumes
Meat and poultry products
Dairy products
Eggs
Oils
Canned goods
Beverages
Personal care products
Household cleaning products
Fuel
How the Regulation Works
Supermarkets with an annual turnover exceeding 90 million euros are required to send a notification to the Ministry of Development every Tuesday, until 15:00, whenever they plan to increase the prices of the above-mentioned products. This notification must include details about the old and new prices, as well as the effective date of the price increase.
Penalties for Non-Compliance
In the event that a supermarket fails to provide the required notification, falsifies information, or conceals the notification, they will be subject to a fine of 50,000 euros. The Interagency Market Control Unit (D.I.M.E.A.) will be responsible for imposing and collecting these fines.
Benefits for Consumers
This regulation is expected to benefit consumers in several ways. Firstly, it will promote transparency in pricing, enabling consumers to make informed decisions about their purchases. Secondly, it will prevent arbitrary price hikes, which can have a significant impact on low-income households. it will encourage supermarkets to compete fairly, which can lead to better prices and services for consumers.
Implementation Timeline
The regulation is effective immediately, and supermarkets are expected to comply with the notification requirements from now on. The Ministry of Development will closely monitor the implementation of this regulation and take action against any supermarkets that fail to comply.
Conclusion
The Greek government’s decision to regulate price increases for essential products is a welcome move that will benefit consumers and promote fair competition in the market. Supermarkets with an annual turnover exceeding 90 million euros must comply with the notification requirements, and failure to do so will result in penalties. As consumers, we can expect greater transparency and fairness in the prices of essential goods, which will have a positive impact on our daily lives.
Keyword Tags: Greek government, supermarkets, price increases, regulation, consumer protection, transparency, fairness, competition, Ministry of Development, Kostas Skrekas, Interagency Market Control Unit.
Meta Description: Learn about the new government regulation requiring supermarkets with an annual turnover exceeding 90 million euros to announce price increases for essential products. Understand the product categories affected, the notification process, and the penalties for non-compliance.
Header Tags:
H1: Government Regulation on Price Increases: What Supermarkets Need to Know
H2: Product Categories Affected
H2: How the Regulation Works
H2: Penalties for Non-Compliance
H2: Benefits for Consumers
H2: Implementation Timeline
H2: Conclusion
– What are the potential consequences for supermarkets that fail to comply with the new price increase announcement regulations in Greece?
Product Categories and Price Increase Announcements: What Supermarkets Need to Know
In a bid to regulate price increases and promote transparency in the retail sector, the Greek government has introduced a new regulation requiring supermarkets with an annual turnover exceeding €90 million to announce price increases for certain product categories. This article delves into the key requirements and product categories affected by this regulation.
What are the key requirements for supermarkets regarding price increases under the new Greek regulation?
As per the Ministerial Decision signed by the Minister of Development, Kostas Skrekas, supermarkets with an annual turnover exceeding €90 million must announce any price increase for products necessary for decent living or in high demand to the Ministry of Development every Tuesday, until 15:00. Failure to comply with this regulation or providing false information may result in a fine of €50,000 imposed by the Interagency Market Control Unit (D.I.M.E.A.).
Product Categories
The following product categories are affected by this regulation:
- Rice
- Bread for toast
- Bread loaf
- Toasts
- Spaghetti type macaroni
- Flour
- Legumes
- Paris
- Turkey (sausage)
- Frozen fish
- Fresh pork
- Fresh chicken and chicken parts
- Fresh beef
- Fresh whole milk
- Fresh milk with low fat
- Highly pasteurized (long life) whole milk
- Highly pasteurized milk (long life) with low fat
- Evaporated milk
- Unflavored cow’s milk yogurt
- Unflavored low-fat cow’s milk yogurt
- Cheese slice
- White cheese
- Gouda cheese
- Low-fat cheese
- Preserved tomato juice
- Eggs
- Margarines
- Butter
- Olive oil
- Sunflower oil
- Frozen vegetables
- White sugar
- Sweeteners suitable for diabetics (e.g., stevia)
- Oat products
- Baby cream
- Infant milk
- Greek coffee
- Instant coffee
- French coffee
- Orange juice
- Soft drinks
- Beer
- Water
- Chocolates
- Fuels (firewood, pellets, briquettes)
- Laundry detergents (liquid and powder – not tablets)
- Detergents for mopping and cleaning surfaces – bleaches
- Dish detergents for hand washing
- Kitchen paper
- Toilet paper
- Toothpastes
- Sanitary napkins or tampons
- Shampoo
- Soaps in solid state
- Incontinence diapers
- Diapers for babies
- Baby wipes
- Baby shampoo
- Food for dogs
- Cat food
Fruit and Vegetable Products
The Ministerial Decision also defines the categories of fruit and vegetable products for which the announcement of retail sales prices is foreseen in the Ministry of Development. The announcements of the indicative retail sales prices of fruit and vegetable products will be sent every Tuesday, at 09:00 through the digital platform e-katanalotis.gr.
By complying with these regulations, supermarkets can ensure transparency in their pricing and maintain customer trust. Non-compliance may result in fines and reputational damage. It is essential for supermarkets to understand the requirements and product categories affected by this regulation to avoid any potential consequences.
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