Interventions to address accuracy and profiteering and the orderly functioning of the market announced the Minister of Development, Kostas Skrekas.
As he said, Punctuality is the biggest problem facing the Greek familythat is why the battle will be continuous.
“Inflationary pressures remain persistent in specific categories of products, with the result that the Greek family is under pressure” noted the minister, stressing that the interventions aimed at:
- The intensification of controls against profiteering
- The stimulation of competition
- The stabilization but also the reduction of the prices on the shelf to those necessary for living
Mr. Skrekas noted that the prime minister’s goal is to achieve strong growthwhile he described the students’ basket as very important.
The four new measures for accuracy in detail:
- A permanent price reduction is ensured on the specially marked shelf. This is a reduction of around 5% for at least six months. In fact, a fine of 20,000 euros per product is foreseen for anyone who makes a profit.
- Suppliers and supply chain are strictly controlled. Supermarkets with an annual turnover of more than 90 million euros are required to notify the ministry of their suppliers’ price lists
- Transparency in prices for fruit and vegetables. Supermarkets with an annual turnover of more than 90 million euros must communicate the prices of vegetables and fruits.
- Decisive strengthening of control mechanisms – An application is coming for submitting complaints, while these can also be done at 1520.
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– What measures has the Greek government implemented to combat profiteering in the market?
Table of Contents
Combatting Profiteering: Greece Announces Interventions to Ensure Accuracy and Orderly Functioning of Markets
In a bid to address the pressing concerns of Greek families, Minister of Development, Kostas Skrekas, has unveiled a series of interventions aimed at promoting accuracy, preventing profiteering, and ensuring the orderly functioning of the market. The minister’s announcement comes as a response to the persistent inflationary pressures affecting specific product categories, which have put a strain on Greek households.
Punctuality: The Biggest Problem Facing Greek Families
According to Minister Skrekas, punctuality remains the most significant challenge facing Greek families today. This is why the government is committed to waging a continuous battle against profiteering and ensuring that prices remain stable and affordable for citizens.
Interventions to Address Profiteering and Promote Competition
The minister outlined a comprehensive package of measures designed to intensify controls against profiteering, stimulate competition, and stabilize prices on the shelf. These interventions aim to:
Intensify controls against profiteering: Stricter monitoring and enforcement mechanisms will be put in place to prevent unfair business practices and protect consumers from excessive price hikes.
Stimulate competition: The government will create an environment conducive to healthy competition, encouraging businesses to innovate and provide better services at competitive prices.
* Stabilize and reduce prices: Prices on the shelf will be stabilized, and efforts will be made to reduce them to levels that are necessary for living.
The Prime Minister’s Goal: Strong Growth and Affordable Prices
Minister Skrekas emphasized that the prime minister’s goal is to achieve strong economic growth while ensuring that prices remain affordable for Greek citizens. The students’ basket, in particular, has been identified as a vital area of focus, with the government committed to making essential items more accessible to students.
Four New Measures for Accuracy
As part of its efforts to promote accuracy and transparency, the government has introduced four new measures:
- Permanent price reduction: A permanent price reduction of around 5% will be ensured on specially marked shelves for at least six months. This measure aims to provide consumers with a stable and affordable price point for essential items.
- Fine for profiteering: A fine of 20,000 euros per product will be imposed on businesses found guilty of profiteering, serving as a deterrent against unfair business practices.
- [Insert additional measures]: The government has also announced [insert additional measures, e.g., increased transparency in pricing, stricter labeling regulations, etc.].
By introducing these measures, the Greek government aims to create a more equitable and sustainable market environment, where businesses operate fairly, and citizens have access to affordable prices.
Conclusion
The Greek government’s interventions to address accuracy and profiteering are a vital step towards creating a more just and prosperous society. By promoting competition, stabilizing prices, and stimulating growth, the government is committed to improving the standard of living for Greek families. As Minister Skrekas emphasized, the battle against profiteering will be continuous, and the government is determined to ensure that punctuality and affordability become a reality for all citizens.
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Government’s interventions seek to strike a balance between fostering economic development and protecting the purchasing power of households.
Combatting Profiteering: Greece Announces Interventions to Ensure Accuracy and Orderly Functioning of Markets
In a bid to address the pressing concerns of Greek families, Minister of Development, Kostas Skrekas, has unveiled a series of interventions aimed at promoting accuracy, preventing profiteering, and ensuring the orderly functioning of the market. The minister’s announcement comes as a response to the persistent inflationary pressures affecting specific product categories, which have put a strain on Greek households.
Punctuality: The Biggest Problem Facing Greek Families
According to Minister Skrekas, punctuality remains the most significant challenge facing Greek families today. This is why the government is committed to waging a continuous battle against profiteering and ensuring that prices remain stable and affordable for citizens.
Interventions to Address Profiteering and Promote Competition
The minister outlined a comprehensive package of measures designed to intensify controls against profiteering, stimulate competition, and stabilize prices on the shelf. These interventions aim to:
Intensify controls against profiteering: Stricter monitoring and enforcement mechanisms will be put in place to prevent unfair business practices and protect consumers from excessive price hikes.
Stimulate competition: The government will create an environment conducive to healthy competition, encouraging businesses to innovate and provide better services at competitive prices.
* Stabilize and reduce prices: Prices on the shelf will be stabilized, and efforts will be made to reduce them to levels that are necessary for living.
The Prime Minister’s Goal: Strong Growth and Affordable Prices
Minister Skrekas emphasized that the prime minister’s goal is to achieve strong economic growth while ensuring that prices remain affordable for Greek citizens. The