the competition commission

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.

Intrakat announced on Wednesday that the acquisition of all the shares of Aktor has been approved by the Competition Commission, thus putting the Intrakat Group's vision of creating a strong pillar in construction in Southeast Europe on track for immediate completion, which will generate value for the economy and the country.

Corporate profits accounted for 50% of Greece's GDP price deflator - the tool measuring the extent to which the economy's growth is due to price hikes - in the first quarter of 2023, a percentage that is the third highest among EU member-countries, according to the Greek market watchdog.

The Competition Commission is to convene on Wednesday, July 12, to discuss the absorption of ANEK Lines by Attica Group. Its recommendation, which is not binding, is to give an initial green light for the merger.

Concern is growing among ferry operator ANEK Lines' employees, creditors and suppliers about the completion of its rescue by Attica Group, following indications that the Competition Commission will request commitments from Attica that may change the economic logic of the deal, thereby alienating the largest Greek ferry company from discussions on an agreement.

The fact that consumption in Greece is robust, despite stable salaries and high prices, means that Greeks are using their savings, notes Organization for Economic Cooperation and Development (OECD) Senior Economist Tim Bulman.

We ensure basic products for the most vulnerable," the Minister of Development, Adonis Georgiadis, told state broadcaster ERT on the occasion of the start of the implementation of the measure for the "household basket" on November 2.

Grivalia Hospitality is fully controlled by Prem Wax Fairfax, according to a Competition Commission statement.

The Competition Commission targeted a company active in the optics trade sector, as part of an ex-officio investigation following a relevant complaint.

The Development Ministry has issued fines of 113,500 euros in total over the period from March 16 to 24 following 266 inspections for profiteering in the wake of the coronavirus outbreak.