Tag: Takis Theodorikakos

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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.

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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.

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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.