The Ministry of Development has imposed fines totaling €1,380,000 on 13 companies for profiteering.

Specifically, following audits carried out by the services of the Ministry of Development, violations of the provisions on unfair profitability, i.e., obtaining a gross profit higher than the corresponding gross profit in 2021 for specific products from 13 different companies.

The companies include F.G. Europe, which was fined 737,000 euros; Vasileiou Trofinko S.A. Diet Products, with 263,000 euros; B. Denaxas & Co. Ltd., with 62.000 euros; Lidl Ellas & Co. Ltd., with 55.000 euros; and other companies with fines of less than 50.000 euros, for a total amount of 263.000 euros. According to the provisions of Article 54 of Law No. 5045/2023, on the announcement of the names of the companies on which a fine of more than 50,000 euros was imposed.

MINISTER SAYS BATTLE IS ONGOING 

The Minister of Development, Kostas Skrekas, said: "The battle between our government and the Ministry of Development to fight the practical fight against greed and inflation is ongoing." We will show no tolerance; we will continue and intensify, with strict controls, the punishment of obscenity throughout the market. We identify and penalize all those who violate the law severely. The first positive results of the new measures are already visible, with the prices of thousands of basic products being reduced. In any case, we are not complacent; we are strengthening the control mechanisms, and we are resolutely promoting their work until all distortions in the field of trade are corrected and legality and healthy competition prevail in the market, for the benefit of all consumers.".