The support of the Food Industry in the new government initiative “Permanent price reduction” was requested by the Minister of Development, Kostas Skrekas during his meeting with the members of the Board of Directors of the Association of Greek Food Industries (S.E.V.T.), under its President, Ioannis Giotis.
“Today, more than ever, consumers need not just consistent, but discounted prices on branded consumer products. With the new “Permanent Price Reduction” initiative, our goal is to stimulate competition and achieve affordable prices for households, who need it so much,” the Minister of Development emphasized during the meeting.
For his part, S.E.V.T. stated that it would support the new initiative and expressed its intention to inform its members further.
“As we did with the “Household Basket” in the past, so today, we will stand by consumers in this difficult time”, said the President of S.E.V.T., Ioannis Giotis.
The Minister of Development, Kostas Skrekas, after the end of the meeting, said: “Pecuniarity is an actual problem for the Greek family. That is why I asked the Greek food industry to embrace the new government initiative for “Permanent price reduction” in important consumer products. Government and industry work with a common goal: supporting the Greek family against the inflationary crisis. We are always in open communication with S.E.V.T. for the better functioning of the market and the stimulation of competition. We continue to take initiatives across the length of the market to achieve the best possible prices for the consumer.”
Latest News
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%
Piraeus Bank to Propose First Dividend in 16 Years
Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year
Eurostat: Inflation in Greece Eases to 3.2% in April; 2.4% in Eurozone
The rate of increase for food prices was up by 4.9% in April 2024, compared to 4.8% in the previous month
ELSTAT Feb. Retail Turnover Drops by 3.8%, Sales Volume Plummets by 9.8%
Additionally, the seasonally adjusted General Volume Index for Feb. 2024 experienced a 3.8% decrease compared to the previous month of the same year
Greek Buyers Lead Return to Vacation Home Market
In the last six months, Greeks have made a surge into the vacation home market, notably without relying on loans
NBG Receives BBB Investment Grade by DBRS
This makes NBG the first Greek bank to regain Investment grade status, nearly 15 years after the onset of the Greek financial crisis
Greek Gov. Budget: Primary Surplus 3bln in Q1 2024
Value Added Tax (VAT) revenues reached 5.876 billion euros, down by 16 million euros compared to the target
Athens’ Public Transport System Gets Green “Facelift”
The future of urban transport in Greece's capital city includes electrification, hydrogen, kinetic energy and even heighted security and monitoring through the use of drones