The profit margin of the companies operating in September 2021 should henceforth be operated by those who trade or produce products whose costs are affected by the war in Ukraine.
This was stated today by the Minister of Development and Investment, Adonis Georgiadis, speaking on the Open TV station, noting that, now, at the highest price, the profit margin of September 2021 will be the guide for the profit margin. In fact, he clarified that this choice is made with care for areas such as islands where there are increased costs (eg transportation) and that is why the profit ceiling is provided for the income-expenditure base.
He noted that “there will be no vague ceiling on profit margins” and added: “In general, all companies should understand that they have to turn their backs on this given situation” while he announced that today or tomorrow heavy fines will be made public, in many companies in the food chain, for excessive profit, according to the latest audits.
The relevant amendment is ready and will be submitted to Parliament today, as stated by Mr. Georgiadis.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%
