Theodorakakos: Discussions are underway regarding price reductions at supermarkets

The Minister of Development stated that the goal is to reach a national agreement on price reductions for essential goods. If this proves impossible, the cap on gross profit margins may be extended for another two months.

Theodorakakos: Discussions are underway regarding price reductions at supermarkets

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

Development Minister Takis Theodorikakos stated that discussions are underway with the food industry and supermarkets, with the aim of reaching an agreement on price reductions for everyday consumer goods.

Speaking on the program “Apenanti Mikrofonia” on Parapolitika 90.1 FM, he noted that if an agreement is not reached immediately, the cap on gross profit margins will have to be extended for another two months.

Mr. Theodorikakos emphasized that the conflict in the Middle East has caused intense inflationary pressures, a fact that led to the reinstatement of the cap on gross profit margins.

As he noted, the government’s intention is to extend the measure beyond June 30, as the conditions that led to its implementation continue to exist.

“Fines are being collected as usual”

Responding to a question about the effectiveness of inspections, the minister emphasized that fines are being collected as usual and in full.

As he noted, strict inspections are being conducted and penalties are being imposed on those who violate the law, while he pointed out that beyond the financial cost, fines also damage the credibility of businesses.

At the same time, he cited data from the Independent Market Authority, according to which, since the price cap was implemented, price increases have been 50 times less frequent, while price reductions have been 67 times more frequent, with hundreds of products showing price drops.

The goal is to increase incomes

The minister argued that the government has taken steps to boost citizens’ disposable income, adding that the goal of a minimum wage of 950 euros by the end of the four-year term is achievable and may even be exceeded.

At the same time, he emphasized that measures are being taken to support businesses so that they can offer higher wages to employees.

Referring to speculation about former Prime Minister Antonis Samaras forming a new party, Mr. Theodorikakos stated that he does not believe the existing differences justify such a move and assessed that it would be a mistake.

Regarding Kostas Karamanlis, he noted that he is a figure inextricably linked to New Democracy and argued that the rifts that have formed must be bridged, as they lack a strong political foundation.

“Tsipras a likely opponent in the next elections”

Finally, referring to Alexis Tsipras, the Minister of Development assessed that he is likely to be New Democracy’s main opponent in the next elections.

As he put it, the choice will be “New Democracy with stability for Greece in 2030 or a return to the experiment of 2015 and the Tsipras administration.”

SOURCE: APE-MPE

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