Feb 9 • 13:47 UTC 🇬🇷 Greece Naftemporiki

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.

The Hellenic Competition Commission has levied fines totaling €1.05 million against five companies, including Lidl Greece, following a comprehensive investigation into compliance with profit margin regulations. The inspections, conducted by the Inter-Service Market Control Unit, examined a total of 3,168 product codes and evaluated the gross profit margin per unit compared to levels prior to December 31, 2021. This initiative reflects an effort to ensure fair pricing for consumers and curb potential gouging practices within the market.

The decision to impose these fines was officially signed on February 6, 2026, by the commission's chairperson, Despina Tsangari, in response to recommendations made by the Inter-Service Market Control Unit. The enforcement actions were part of a larger strategy aimed at enhancing consumer protection and ensuring compliance with established regulations to prevent excessive pricing practices. The fines imposed on the companies are intended to serve as a deterrent against future violations.

The specific companies penalized included notable names in the retail and food sectors, such as Lidl Greece, which faced fines of €670,925 for exceeding the profit margin cap on 26 product codes. The actions taken by the Hellenic Competition Commission underscore the government's commitment to maintaining market integrity, particularly in light of rising consumer prices and economic challenges. The implications of these fines are significant, potentially influencing pricing strategies and compliance efforts across the retail sector in Greece.

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