The Greek Ministry of Development has announced a new initiative to impose caps on profit margins for basic living goods and food items, effective until June 30, when the situation will be reassessed. This measure aims to limit the selling price of 61 essential products, preventing them from being sold at more than the margin that was valid in 2025. Violators of this policy may face penalties of up to 5 million euros, encompassing wholesale businesses, supermarkets, and product distribution companies.

Minister of Development Takis Theodorikakos has labeled this measure as 'strict' yet 'necessary' in light of current conditions, emphasizing the need for businesses to demonstrate social responsibility. He expressed that while profit is acceptable, gouging is not. The minister has also called upon the opposition to support these measures, highlighting the importance of collective action to ensure the welfare of citizens. Moreover, he urged the independent authority to intensify market inspections to guarantee compliance with the new law and benefit the populace.

The list of goods affected includes essential items such as rice and bread, indicating the government’s focused approach to controlling prices amid economic pressure. This action is a response to the rising costs of living and aims to provide relief to consumers by preventing excessive pricing practices. The effectiveness of this initiative will be evaluated by the end of June, as the government seeks to balance the needs of consumers with the commercial interests of businesses.