Ministry of Development
Food prices over Lent expected to remain steady
The initial feedback regarding the "Lenten Basket" initiative is encouraging, as per reports from Ministry of Development officials.
Prices for the most essential items that typically feature on the Lenten menu are either lower or comparable to last year's figures.
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Minister vows more measures against inflation
Development Minister Kostas Skrekas pledged on Saturday that the government will take more measures to tackle the high retail consumer prices.
"Obviously, the main problem for households is the high supermarket prices and that is why the government and the Ministry of Development will not stop until we see lower inflation and reduced prices," he told Skai TV.
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Minister underscores commitment to innovation, research
The government is committed to innovation and research, Development Minister Kostas Skrekas said on the occasion of the signing on Friday of a European Investment Bank (EIB) loan to the Hellenic Foundation for Research and Innovation, amounting to 143 million euros.
Grocery spending rises €1 bln
Consumers in Greece spent a billion euros more at supermarkets last year compared to 2022, not so much to buy a lot more things, but because of inflation.
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Four steps against inflation
Transparency in prices by cracking down on fictitious discounts, but also lower prices on basic items like detergents, cosmetics and baby care products - where Greece appears to be one of the most expensive countries in Europe - are the main targets of four new measures unveiled by the government to combat inflation.
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Winter sales kick off with high expectations for market boost
Winter sales kicked off this Monday, running through the end of February. Additionally, stores will extend their opening hours on Sundays, specifically on January 14 and January 21, 2024.
Limits considered on retailers’ offers to consumers
The Ministry of Development is considering imposing a limit on promotional actions by retailers through the definition of a maximum percentage of volume and value of a product that will be allowed to be sold under an offer regime, Kathimerini understands.
Price hikes for most food items
Over three quarters of food items (46 out of 60) measured by the Hellenic Statistical Authority (ELSTAT) recorded price increases within a month, from September to October, a fact that shows that the de-escalation of inflation and especially food inflation is still slow.
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Greece fines Unilever, P&G
The Ministry of Development has formally declared war on multinationals, imposing fines on the two largest companies in the consumer goods sector, Unilever and Procter & Gamble, a war that had been announced by the prime minister himself a few weeks ago.
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Multinationals under scrutiny over pricing
The Competition Commission and the competent agencies of the Ministry of Development are investigating the pricing policies of multinational companies in the local market, as it is found that many products are sold in Greece at much higher prices than in other European countries with far greater purchasing power.
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