the competition commission
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Gov’t welcomes investigations into fraud allegations, says Marinakis
The government welcomes any investigation into allegations of fraud linked to the way €2.5 billion in European Union funds has been awarded to just 10 companies in Greece, Government spokesman Pavlos Marinakis has said.
Banks shift to monthly fees
Greek banks are now promoting fixed monthly charges instead of ad hoc fees per transaction, under the burden of fines from the Competition Commission, the backlash from their customers and pressure from the government.
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Cost of baby formula is steep
Parents in Greece pay for baby formula up to three times as much as in other European countries including countries like Finland and Sweden, according to a price survey carried out in November in three price collections by Greece's Competition Commission, a finding that shows that the market in question is anything but operating competitively in Greece.
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Enel completes sale of stake in Greek subsidiary
Italy's Enel group announced on Friday that, through its wholly owned subsidiary Enel Green Power (EGP), it has completed the sale of 50% of Enel Green Power Hellas (EGPH), wholly owned by EGP, to Macquarie Asset Management, through Macquarie Green Investment Group Renewable Energy Fund 2 (MGREF2), after the fulfillment of all conditions customary for this type of transaction, including approva
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PM hails Competition Commission’s fines on banks for market transparency
Prime Minister Kyriakos Mitsotakis has welcomed the decision made by the Competition Commission on Thursday to impose fines totaling 41.7 million euros on five Greek banks, including four systemic ones, and the Hellenic Bank Association for engaging in concerted practices in interbank systems, payment, and electronic transaction services.
Competition Commission fines Greek banks 41.7 million euros for concerted practices
The Competition Commission late Thursday imposed fines totaling 41.7 million euros on five Greek banks, including four systemic ones, and the Hellenic Bank Association. The penalties were related to concerted practices in interbank systems, payment, and electronic transaction services.
Intrakat’s acquisition of Aktor gets watchdog’s nod
Intrakat announced on Wednesday that the acquisition of all the shares of Aktor has been approved by the Competition Commission, thus putting the Intrakat Group's vision of creating a strong pillar in construction in Southeast Europe on track for immediate completion, which will generate value for the economy and the country.
Data highlight greedflation
Corporate profits accounted for 50% of Greece's GDP price deflator - the tool measuring the extent to which the economy's growth is due to price hikes - in the first quarter of 2023, a percentage that is the third highest among EU member-countries, according to the Greek market watchdog.
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Watchdog plans to discuss ANEK-Attica merger next week
The Competition Commission is to convene on Wednesday, July 12, to discuss the absorption of ANEK Lines by Attica Group. Its recommendation, which is not binding, is to give an initial green light for the merger.
Doubt cast on deal for ANEK Lines
Concern is growing among ferry operator ANEK Lines' employees, creditors and suppliers about the completion of its rescue by Attica Group, following indications that the Competition Commission will request commitments from Attica that may change the economic logic of the deal, thereby alienating the largest Greek ferry company from discussions on an agreement.
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