The new list of food and basic goods that will have a profit margin cap
The Greek government has issued a final list of 63 food and essential items subject to a profit margin cap to combat profiteering.
T. Theodorikakos: The cap on profits is harsh but necessary – Fines up to 5 million euros
The Greek Minister of Development, Takis Theodorikakos, emphasized the necessity of imposing a cap on profit margins to prevent price gouging, announcing fines for non-compliance that could reach up to 5 million euros.
Price Cap on Food: Who Benefits and Who Loses from the Government's Measure
The Greek government plans to introduce a price cap on profit margins for food and fuel, aiming for price reductions soon, but businesses face challenges in adapting to the new regulations.
The Government's Measures Against Price Gouging - Watch Live
Greek Prime Minister Kyriakos Mitsotakis announced a three-month cap on profit margins for fuel and supermarket products to combat price gouging exacerbated by the Middle East crisis.
Profit-taking drags NGX lower, market cap sheds N725bn
The Nigerian Exchange Limited saw a decline due to profit-taking, resulting in a market capitalization loss of N725 billion.
K. Mitsotakis: Cap on profit margins for fuels and supermarket products
Greek Prime Minister Kyriakos Mitsotakis announced a cap on profit margins for fuels and supermarket products to combat potential price gouging due to the ongoing Middle East conflict.
NGX extends bearish trading as market cap sheds N73.43bn
The Nigerian Exchange Limited witnessed a slight decline in trading, with market capitalization falling by N73.43 billion amid profit-taking in banking and insurance stocks.
NGX ends rally as market cap drops to N121.55tn
The Nigerian equity market closed lower on Tuesday, marking an end to the recent rally as profit-taking in banking stocks outweighed gains in the consumer goods sector.
MARKET IN: "We do not accept the fine from DIMEA - We have never deviated from the cap on the gross profit margin"
MARKET IN refuses to accept a fine imposed by DIMEA, asserting compliance with gross profit margin regulations after inspections revealed no issues with the majority of their products.
Fines of €1.05 million imposed on supermarkets and food companies for exceeding the profit margin cap
A total of €1.05 million in fines has been imposed on five companies by Greece's Hellenic Competition Commission for violating profit margin regulations.
Trump threatens to prevent US defense companies from distributing profits
Donald Trump threatened to impose a cap on executive pay in major US defense contracting companies and ban shareholder profit distributions, accusing the industry of prioritizing profits over production speed.