Takis Theodorikakos: ‘Continuous Checks Deliver Results’

“We have competed and stopped those who attempted to speculate,” emphasized Takis Theodorikakos, speaking on ANT1, adding: “Every rational person wishes, hopes, and expects that President Trump’s announcement will echo a definitive resolution for the end of the war in the Middle East. We had highlighted the need to avoid escalation because every war leads to loss of lives and negative impacts on the economies of all countries.” “We constantly monitor developments, conduct mutual checks to prevent illegal speculation,” underscored the Minister of Development Takis Theodorikakos, reminding that until June 30, the law regarding profit ceilings based on December 2021 profit percentages remains in effect. “Given the circumstances, there is no reason to extend the measure; competition and informed consumers must prevail,” he said significantly. On the first day of the war, they checked those who tried to raise prices before passing new prices to the pumps and managed to keep prices at the required levels. “We are above the market, and this isn’t just talk,” he continued, citing examples like price reductions on 700 codes in supermarkets last November, intervention by the ministry to limit increases in insurance policies, and efforts by insurance companies to change compensation methods. “Checks will continue; DIMEA conducts checks in supermarkets, and we are ready for any necessary intervention,” stated Mr. Theodorikakos, noting that the ministry is advancing the upgrade of the inspection mechanism with reforms for the new independent authority for consumer protection and market oversight to end the fragmentation of inspection mechanisms based on the GSS model. “The response to the cost of living is the productive transformation of our economy; we must keep the periphery alive, strengthen primary production across all corners of Greece,” noted the Minister of Development. In this context, he mentioned the upcoming announcement of the three new regimes of the development law aimed at keeping young people in their hometowns and reducing migration flows to Athens, which raises rents. He also spoke about energy costs, highlighting the battle within the EU to support industry as high energy costs negatively affect businesses. “Our goal is a more productive economy, strengthening disposable income for all citizens so Greece can be safer,” he said notably. When asked about OPEKEPE, he emphasized the need for transparency everywhere and for everyone but cautioned against rushing to conclusions without proper investigation.