Government imposes strict limits on basic food, household, and baby products to curb profiteering, with fines up to €5 million for violations
The government imposed temporary limits on profit margins for fuel, food and essential products until June 30, aiming to prevent price gouging amid economic pressures linked to the Middle East conflict
The greek government will impose a three-month cap on profit margins for fuel and supermarket goods to prevent price gouging linked to the Middle East crisis. The government will present the detailed measures later today.
The government launched a €600 million support package, starting with a permanent €250 allowance for 1.4 million eligible beneficiaries, followed by additional payments—including rent refunds—later this week.
The increase ranges from 400 to 1,500 euros. Specifically, it is set at 2,400 euros for the first child, 2,700 euros for the second child, 3,000 euros for the third child, and at 3,500 euros for more than four children.
"We want to particularly support new families, families with children. We are particularly concerned about the decrease in the Greek population."