Development Ministry

The winter sales are starting as usual on the second Monday of the year, i.e. on January 13, but this time there will be two instead of one proposed Sundays for retail store operation.

The main associations of tradesmen have announced that stores have the option of operating on the first two Sundays of the winter sales window, i.e. on January 19 and 26.

The Development Ministry has imposed fines totaling €5.5 million on eight multinational companies for overpricing violations identified during a recent audit. The investigation, which examined 443 product codes from 26 companies, revealed violations in 191 of them.

The "Household Basket" initiative is to be extended during the holiday season with the addition of a "Christmas Basket," which this year will include six additional categories of products used in the traditional Greek Christmas dinner.

Hello there! It took Nikos A.A. (Leader of the Opposition) a while to meet Mitsotakis, but as far as I’ve gathered from my sources at M.M. (Maximos Mansion), once he got going, the leader wasn’t just official… he was ultra-official. From what I hear, he came across well—serious and composed (for PASOK, that is). He didn’t go to extremes, nor did he turn the one-on-one with K.M.

The Development Ministry imposed fines Monday totaling €610,000 on four companies found to have engaged in misleading advertising in the run-up to Black Friday sales on November 29. 

The Development Ministry has imposed fines totaling 2.2 million euros on 14 companies for misleading advertising in the run-up to Black Friday.

The business' evasive practices were identified by the ministry's auditing service using a digital tool.

Businesses are busy adjusting to new discount-policy rules introduced by the Development Ministry last month but not taking effect until the new year after key retail market players requested additional time to prepare. 

An updated and expanded list of 362 products whose prices will be lowered was announced by the Development Ministry on Tuesday.

The price reductions range from 5% to 24%, while the price of a total of 600 products will be gradually reduced, according to estimates from the Greek Supermarket Association.

Supermarkets continue to employ tricks in the presentation of offers that mislead consumers in a way that the "offers function as a conveyor belt for price increases," as a senior official at the Development Ministry pointed out to Kathimerini.

Supermarket chains are proceeding with reductions in the prices of basic products in response to a call by the Development Ministry.

By the end of October, it is estimated that prices on the supermarket shelves will have been reduced between 6% and 15% for 127 product codes, while more than 600 product codes of various suppliers will gradually participate in the initiative.