profiteering Archives - Keep Talking Greece

Fine over €700K to frozen veggie company for profiteering

March 4, 2024 Economy 1

A 742,000-euro fine was imposed on the food company Ainos, a seller of frozen vegetables, at the orders of Development Minister Kostas Skrekas on Monday. € According to a ministry announcement, the fine was imposed for violation of article 54 of legislation passed in July 2023 for curbing unjustifiable profiteering, …

Greece hopes to combat food profiteering with new measures

September 20, 2023 Economy, FEATURED 1

“Those who break the law will pay for it dearly,” Development Minister Kostas Skrekas said on Wednesday, threatening profiteers and announcing four new measures to combat high prices in big supermarket chains. The new measures come as Greeks have been struggling with 10-12% monthly inflation in food prices since 2022, …

Supermarkets names fined for profiteering revealed by Dev Minister

February 16, 2023 Economy, FEATURED 1

Five leading supermarkets chains have been fined a total of 382,497 euros for over-pricing their products, Development Minister Adonis Georgiadis announced on Thursday thus making public the names of law violators. The biggest fine, which is also the second-largest on record in Greece, was imposed to the Dutch-owned AB Vassilopoulos …

Santorini gas station fined 29th 5,000 euros for fuel profiteering

August 29, 2022 Economy Comments Off on Santorini gas station fined 29th 5,000 euros for fuel profiteering

A gas station on the popular touristic island of Santorini was fine with 5,000 euro for fuel profiteering, the Ministry of Development and Development and Investments said on Monday. The fine was imposed after control checks by members of the Interagency for Market Control (DIMEA) who found out that the …

Registry for food stocks, fines for profiteering; online supermarkets ration flour, sunflower oil

March 24, 2022 Economy 6

Greece has enough stocks in flour, cereals and vegetable oils “for months ahead”, Development Minister Adonis Georgiadis reassured the Palriament, while introducing a new stock registry for food and farming supplies. Speaking of the draft amendment for the registry, Georgiadis said it would provide the government with quick sense of …

Greece urges consumers to denounce overcharges in products

March 26, 2020 CORONAVIRUS Comments Off on Greece urges consumers to denounce overcharges in products

Overcharging and profiteering is not a rare phenomenon amid the coronavirus crisis. Especially, in products with high demand, such as masks, antiseptics and gloves, the prices have skyrocketed. While the price for one simple mask was €0.40 before the crisis, the COVID-19 increased it to €1.70. Now the Greek government …

Investigation for “Inflated” Rice Sold at Four Supermarket Chains

March 21, 2012 Economy 8

Athens prosecutor carries an urgent preliminary investigation to determine whether four supermarket chains have committed the crime of profiteering in the sale of rice. The report of Deputy Minister of Development apparently refers to price speculation that reaches 37% to 47%. Due to the complexity of the issue, the case …

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