Kostas Skrekas

Greek frozen foods producer Ainos was fined €742,000 for breaching the law against profiteering, Development Minister Kostas Skrekas said on Monday.

Of the 72 company products, 50 were found to have been sold at a higher profit margin than what the law allows in checks that took place between July 1 and September 30, 2023.

Continuous and daily battle to combat the fight against inexactness and obscenity, said Minister of Development Kostas Skrekas

Development Minister Kostas Skrekas pledged on Saturday that the government will take more measures to tackle the high retail consumer prices. 

"Obviously, the main problem for households is the high supermarket prices and that is why the government and the Ministry of Development will not stop until we see lower inflation and reduced prices," he told Skai TV. 

Speaking on the government's decision to reduce inflated prices on certain supermarket goods on Friday, Development Minister Kostas Skrekas said that the measure will be permanent and that it tackles a decades-long malaise.

Prime Minister Kyriakos Mitsotakis will chair a cabinet meeting on Thursday at the Maximos Mansion.

An agreement between ONEX Shipyards & Technologies Group and Algerie Ferries was signed in the presence of Development Minister Kostas Skrekas and Algerian Ambassador to Greece Mahieddine Djeffal. The agreement concerns maintenance work on one ship and the complete renovation of another at the Elefsis Shipyards.

The government is committed to innovation and research, Development Minister Kostas Skrekas said on the occasion of the signing on Friday of a European Investment Bank (EIB) loan to the Hellenic Foundation for Research and Innovation, amounting to 143 million euros. 

Greek Minister of Development Kostas Skrekas emphasized the necessity for the European Union to embrace a unified industrial strategy geared toward ensuring autonomy, advancing green and digital transitions in alignment with significant global challenges, and upholding indisputable European values during his address at European Union Informal Competitiveness Council on Friday.

The Government Gazette published on Tuesday the ministerial decisions that complete the government's measures to combat high prices, with Development Minister Kostas Skrekas commenting that the measures voted in on January 18 have already started to have an effect.

The Greek branch of an international dairy cooperative is being slapped with a 561,000-euro fine for inflated pricing, including on baby formula, that violates market rules aimed at curbing profiteering, the Development Ministry​ said.