Development Ministry

More fines for multinationals

Development Minister Kostas Skrekas on Wednesday announced the imposition of fines on two more multinational companies, which, as in the two previous cases a few days earlier, are active in the categories of personal hygiene, personal care and beauty, as well as in the category of household items (cleaners, detergents etc).

Greece fines local branches of J&J, Colgate-Palmolive for alleged breaching of profit cap

Greek authorities on Wednesday announced fines totaling 1.67 million euros ($1.81 million) on the local branches of two US-based health care and consumer products giants for alleged breaches of a profit cap imposed amid Greece's cost-of-living crisis.

Authorities to probe influencers’ social media commercial practices

The Development Ministry, supported by digital tools provided by the European Commission, will conduct an investigation into the commercial practices employed by influencers on their social media accounts in the upcoming weeks. The primary aim is to safeguard consumers from deceptive commercial tactics.

Greece, Israel utilizing innovation in defense cooperation

A model of cooperation between Greece and Israel in the field of research and development in the defense industry, based on financial instruments and innovation structures already in place on both sides, was discussed on Monday in Tel Aviv by the two countries' defense ministers, Nikos Dendias and Yoav Gallant. 

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