Competition Commission

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.

The Competition Commission has in its sights two multinationals, Unilever and P&G, which hold the largest market shares in the washing detergent category. 

The Competition Commission is expected to present a proposal for the case of suspected harmonized practices by banks before the summer. 

This will be followed by a decision by the plenary session of the watchdog before the end of 2023, in the event, of course, that the proposal finds violations of the competition legislation. 

The Development Ministry is seeking a formula for the inclusion of more branded products in the Household Basket in an attempt to satisfy the food industry, which has formulated the relevant request, while rendering the Basket more attractive to the average consumer.

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.

Ride-hailing company Beat has asked the Competition Commission for its opinion on the previous government's ban on companies of its type, as it says the provisions of the law brought by former transport minister Christos Spirtzis exclusively concern the activities of Beat given the departure of Uber from Greece.

The announcements by the Competition Commission and the study by Finnish company Rewheel regarding the high charges and "closed oligopoly" conditions in the Greek telecommunications market have generated major reactions both in the market and on a political level.

The Competition Commission last week sent a letter to three government ministers calling for oversight of telecoms and postal services to be taken away from the National Commission for Telecommunications and Posts (EETT). The letter, signed by the competition watchdog's president, Yiannis Lianos, was sent a day before it published a study on the Greek telecoms market.