Prime Minister Kyriakos Mitsotakis is scheduled to host a meeting on Monday with key representatives of Greece’s retail and food supply sectors, in talks focused on efforts to curb rising prices.
The discussions are expected to center on a proposed price-control agreement under which businesses would reduce prices on basic goods, effectively absorbing part of their income and profit margins, in exchange for a more flexible regulatory environment and the removal of caps on gross profit margins.
Senior officials from the Greek business federation SEV, the Hellenic Food Industry Federation (SEVT), the Hellenic Supermarket Association (ESE), and the Independent Authority for Market Control and Consumer Protection will attend the meeting, alongside Development Minister Takis Theodorikakos, at the Maximos Mansion, the prime minister’s office.
The initiative aims to be implemented as quickly as possible, with a focus on lowering prices for essential food and household products. Preparatory work has included market analysis to identify goods where price reductions could be applied.
According to market sources, parts of the business sector have shown openness to such an arrangement, noting that a similar proposal was reportedly raised earlier this year when inflationary pressures intensified.
