Supermarkets operating in Greece on Wednesday pledged to present by the end of the month a “basket” of 50 different products necessary for a household’s living for which they will seek to contain any price increases, ANA reports.
This pledge was made during a meeting between Development and Investments Minister Adonis Georgiadis with representatives of supermarkets and retailers.
Speaking to journalists, after the meeting, Georgiadis said participants agreed on this move and added that next week he will meet with representatives from the food industry to seek a similar agreement. He noted that the meeting did not discuss a “freeze” on prices and underlined that the result was not a “gentlemen’s agreement” since each company will pursue its own policy on prices. “We do not breach rules of fair competition. It is something that we would never do,” he added.
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