Tag: Takis Theodorikakos

Greek Supermarkets Hit with €2.2M Fines for Market Violations

The Greek Ministry of Development has imposed fines exceeding €2.2 million on supermarket giants Lidl and Sklavenitis for violating profit margin caps and the Code of Conduct. Following inspections by DIMEA, ordered by Minister Takis Theodorikakos, Lidl faces a €805,340 penalty, while Sklavenitis was fined €1.44 million. Theodorikakos emphasized, “Consumer protection is non-negotiable,” underscoring the government’s commitment to fair retail practices and supporting Greek families.

Greek Government Plans New Measures to Tackle Supermarket Price Hikes

As inflation concerns loom, the Greek Ministry of Development is set to extend a regulation preventing companies from marketing price reductions as “special offers” after price hikes, potentially making it permanent. Aiming to ease consumer burdens, the Ministry is also highlighting 1,000 essential products with recent price drops to encourage further reductions. Minister Takis Theodorikakos has urged supermarkets to revive last year’s successful discount program, though retailers insist suppliers must lead the effort. Despite challenges from a new Code of Conduct, August data shows near-zero supermarket inflation, except for globally-driven price rises in cocoa, coffee, and meat.

Greece Bolsters Defence with New 'Thorax' Threat-Assessment System

In a landmark move to fortify national security, Greece’s National Defense Minister Nikos Dendias and Development Minister Takis Theodorikakos signed an agreement on Monday to launch ‘Thorax,’ a state-of-the-art threat-assessment system. Funded with €48.95 million from the EU Recovery Fund, Thorax will leverage big data and artificial intelligence to process information from radar, UAVs, and various agencies, empowering the Armed Forces with real-time decision-making capabilities as part of the transformative ‘Agenda 2030’ plan.

New Greek Ministers Take Office with Bold Plans for Economy, Education, and Migration

Greece’s newly appointed ministers took office following a cabinet reshuffle, with Finance Minister Kyriakos Pierrakakis targeting wage hikes and job growth, Infrastructure Minister Christos Dimas tackling critical projects, and Education Minister Sofia Zacharaki prioritizing quality education. Migration Minister Makis Voridis vowed to curb illegal migration, while Environment Minister Stavros Papastavrou emphasized sustainability and renewable energy, signaling a bold agenda for progress and reform.

Greece Introduces Law Prohibiting Gas Sales to Motorcyclists Without Helmets

Greece is set to introduce a new law prohibiting gas stations from selling fuel to motorcyclists not wearing helmets. The regulation, part of an update to the Traffic Code, aims to improve road safety and reduce fatalities. Prompted by a tragic motorcycle death in Crete, the initiative has garnered support from government officials and medical experts.

Turkaegean

Greece Wins Trademark Battle Against "Turkaegean"

Greece has successfully blocked Turkey’s attempt to register the “Turkaegean” trademark in the EU, with the EU Intellectual Property Office siding with Greece. This legal victory, led by Greece’s Ministry of Development and the Industrial Property Organization, protects Greece’s national and economic interests and highlights the ongoing regional tensions.

Greek Development Ministry Fines Eight Multinational Companies €5.5 Million for Violations

The Greek Development Ministry has fined eight multinational companies a total of €5.5 million for violations in 191 product codes during an audit of 26 firms. Major brands, including Jacobs Douwe Egberts, Friesland Campina, and Johnson & Johnson, face penalties ranging from €267,100 to €1 million. The fines, approved by Development Minister Takis Theodorikakos, reflect the government’s commitment to consumer protection and market compliance.

Supermarket Chains in Greece to Lower Prices on Basic Products

Supermarket chains in Greece are reducing prices on basic consumer products by 6% to 15% in response to a call from the Development Ministry. By the end of October, 120 product codes will see price cuts, with over 600 more to follow. This initiative aims to ease the financial burden on consumers and is part of the government’s broader efforts to boost disposable income through wage increases and economic reforms.

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