Competition Commission
The many types of inflation
Greece is certainly grappling with greedflation, as exemplified by the exorbitant price of infant formula. The same multinational companies charge Greeks three times more than shoppers in Sweden for the exact same product.
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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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Minister vows measures to stimulate competition in product prices
The government is seeking to bring baby milk formula prices closer to the European average, while the reduction is already visible in some brands, Development Minister Kostas Skrekas told state broadcaster ERT on Wednesday, commenting on an investigation by the Competition Commission, which found that the price of infant milk in Greece is from 30% to a whopping 213% more expensive than in other
Milk remains an expensive commodity in Greece
The price of fresh cow's milk in Greece remains higher than in other European Union countries.
Greeks seem to pay more for milk compared to other Europeans, as the Competition Commission has found in recent market research examining the price of fresh low-fat milk at online supermarkets in Greece and in 17 EU countries.
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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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Greeks opt for costly items
A few months ago, the Competition Commission found that multinationals sell detergents for much higher prices in Greece than in most European countries.
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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.
Charges for transactions from one bank to another set to drop
The long-awaited decision of the Competition Commission for banks is expected to bring a reduction in the charges that are incurred when withdrawing cash from an ATM of a different bank to the client's.
Although the reductions will not be horizontal, it is estimated that they will bring about some relief in said charges, in the order of 25-30%.