Oligopoly

Greek shipping has now become an oligopolistic market, which is essentially controlled mainly by only 2 companies. The Attica group and the Seajets group are owned by Mr Marios Iliopoulos.

The interest rate hikes by the European Central Bank and the increase in net interest income lead to an excessive accumulation of profits in Greek and European banks and fuel the inflation of banking greed ("bankflation"), warns the Center for Planning and Economic Research (KEPE).

The Bank of Greece is preparing to sound the alarm on the issue of prices, presenting a study that will highlight the reasons why Greece is more expensive than its peers in a range of products, including supermarket items.

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.

Food delivery is a 1.5-billion-euro business in Greece. Of that, online orders account for 20 percent of the market, or 300 million euros.

The online delivery business is an oligopoly. The market is currently controlled by two businesses, the German-based Online Delivery and the Patra, Greece-based Delivery.