Image default
Greek News

Greek supermarket owners pledge to avoid passing on price hikes to consumers

Greece’s largest supermarket-chain owners pledged they would do everything possible in order not to pass on the total cost of the rise in products to the consumers during a teleconference meeting on Thursday with the Minister of Development and Investment Adonis Georgiadis.

According to sources during the teleconference, the minister underlined to the heads of the most important companies of organized retail their social responsibility and the significant profits they made last year during the Covid-19 lockdown. He reminded them that a new stricter network of measures had been enforced in the midst of the pandemic against commodity profiteering as well as cartel practices.

“The government can not impose behaviours in a free market, but it can draw attention to avoid illegal practices by underlining in any way the presence of enhanced control mechanisms,” sources from the Ministry of Development told protothema.gr, after the meeting.

also read 

Did Fauci know? New details emerge about Covid research at Wuhan Lab

Σχετικα αρθρα

Fitch: Greece to see fastest annual GDP growth in 40 years

admin

Chinese Foreign Investment in Coal Power (infographic)

admin

Investment frenzy in Greece – 10 billion-euro deals closed from the start of 2021

admin

How Much Do Countries Spend on Education? (infographic)

admin

How Long Does Apple Support Older iPhone Models? (infographic)

admin

Chinese billionaire loses an astonishing $27 billion

admin

Working hours needed to escape poverty at minimum wage for families (infographic)

admin

New online Tax Office portal to provide Greek taxpayers with plenty more services

admin

An iPhone for (Almost) Every Wallet (infographic)

admin

Apple’s Incredible 21st Century Growth (infographic)

admin

Cars Increasingly Ready for Autonomous Driving (infographic)

admin

49% of Greek Electricity Distribution Network Operator majority stake bought out by Australian company for record €2.1 bln

admin