Greece fines multinational corporations Unilever and P&G for inflated profit margins

Development Minister Kostas Skrekas imposed a maximum fine of €1,000,000 on each of the Greek subsidiaries of two multinational corporations after

checks carried out by units of the Inter-Ministerial Market Supervision Agency (DIMEA) showed that they violated recently adopted laws to curb the phenomena of dishonest profit-taking, the ministry said in a statement on Thursday.

Fines of one million euros were imposed on Procter & Gamble Greece Limited and Elais Unilever Hellas SA. “We have made it clear in all tones and across all fronts that no one is above the law. We are committed to implementing the law to prevent profiteering and encourage healthy competition for the benefit of Greek families,” the minister said in a statement.

He added that “everyone must be aware of the criticality of the situation and the difficulties faced by households in purchasing basic consumer goods. The fight against inflation, especially the inflation of greed, is first and foremost a matter of social responsibility, as well as ensuring social cohesion.” He warned that inspections would continue and fines would be imposed without hesitation as the fight against high prices continued.

PS The question is not to impose fines, but to collect them and constantly control prices so that they are afraid… We have been saying for many years that the products of transnational corporations are sold in Greece twice as expensive as in other European countries countries.

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