Theodoricacos puts performance indicators on market controllers

What is changing in the plans of the Ministry of Development for the control mechanisms. The timing and what the average cost of audits.

Theodoricacos puts performance indicators on market controllers

This article is an AI translation of an original piece published in Greek. Read original

The Ministry of Development is attempting to operate market oversight mechanisms on the basis of private-sector principles. A new decision sets specific targets and measurable performance indicators (KPIs) for the authorities responsible for ensuring that industrial products on the market are safe and comply with regulations.

Supervisory authorities must carry out 92% of planned inspections in the first year of the decision’s implementation, with the target rising to 94% in the second year and stabilizing at 95% from the third year onward.

In terms of productivity, each inspector should conduct 20 inspections in the first year and 25 from the second year onward. At the same time, a target has been set to increase the product compliance rate from 40% to 55% over the next four years.

The decision stipulates that 90%–95% of inspected products must be registered in the ICSMS, the European market surveillance database, to ensure a common EU-wide overview of problematic or non-compliant products.

According to the decision , the average cost per inspection is €2,000, and it includes indicators for responding to complaints, training inspectors with a target of 90%–95% coverage, and the effectiveness of corrective actions when violations are identified.

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