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Jacobs Douwe Egberts fined €1 million for unfair profiteering

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The fine concerns a violation of Article 54 of Law 5045/29-07-2023, regarding the reduction of unfair profit-making phenomena

Πρoστιμο 1 εκατ. ευ Jacobs Douwe Egberts &gammaι&alpha

Fine of 1,000,000 euros to the company “JACOBS DOUWE EGBERTS GR. Ltd.” for which the control by the Interdepartmental Market Control Unit (DIMEA) was completed, imposed by the Greek Minister of Development, Kostas Skrekas.

The fine concerns a violation of Article 54 of Law 5045/29-07-2023 , regarding the reduction of the phenomenon of unfair profit-making.

As stated in a ministry announcement, “DIMEA's intensive controls continue. In November alone, more than 1,250 checks have been carried out and fines of more than 5.5 million euros have been imposed, while in an unprecedented mobilization of the control mechanism in Greek terms, the ministry has carried out more than 20,600 checks since the beginning of 2023 and has imposed fines totaling 10.3 million euros”.

The Minister of Development, Kostas Skrekas, said: “The battle for the benefit of Greek households continues. No one has the right to profit unfairly at the expense of the Greek citizen, especially under the conditions that imported inflation has shaped the market. The Greek government is the only one in Europe that has and applies a law against unfair profiteering. The constant presence of the control mechanisms of the Ministry of Development in the market ensures the observance of legality, healthy competition and – as is proven in practice – reduces prices on the shelves”.

Source: www.kathimerini.com.cy

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