PM Mitsotakis: We expect reduced initial prices on 1500 products from early March

Kyriakos Mitsotakis extensively discussed measures against inflation in his presentation to the cabinet, announcing that with the interventions that have been made, “we expect reduced initial prices on 1,500 products by early March”.

Addressing the ministers, he also emphasized that we must remain firmly committed to issues concerning the economy, available income, health, and security.

Starting his presentation, the Prime Minister referred to an ongoing and continuous intervention that has been in progress for months, “as inflation still persists in certain goods. We have set a profit limit on baby formula, where we had unjustified increases, and we have restricted suppliers’ offers to 30%”.

“The results of the interventions will gradually become apparent as it is a deep structural intervention. We expect initial prices on 1,500 products to be reduced from early March, and therefore the final prices on these reduced ones,” Mr. Mitsotakis added, announcing that “in the next cabinet meeting, we will decide on the increase of the minimum wage to be implemented from April 1st”.

Regarding farmers, Mr. Mitsotakis stated that “we will discuss legislative initiatives in two critical areas: the protection and promotion of PDO products with the aim of ensuring quality and reliability both domestically and internationally, and addressing the scourge of counterfeit products. In this context, we will have new tiers of inspections for olive oil, honey, and fruits and vegetables, in addition to those for milk and feta cheese”.

The agenda of the ministerial council is as follows:

– Minister of Development, Kostas Skrekas, will present the implementation of measures against inflation, as well as the draft law for improving market functioning and enhancing development.
– Minister of Defense, Nikos Dendias, will present the draft law for research, development, and innovation in the Armed Forces, the modernization of the institutional framework of Higher Military Educational Institutions, and the establishment of a Joint Information Body in the Armed Forces.
– Minister of Rural Development and Food, Lefteris Avgenakis, will present the draft law for the institutional framework for agricultural products and foods with Protected Designations of Origin, Protected Geographical Indications, and Traditional Guaranteed Specialty Products, as well as the supervisory bodies and inspections of the Ministry of Rural Development and Food.
– Minister of National Economy and Finance, Kostis Hatzidakis, along with Deputy Minister Haris Theocharis, will present legislative initiatives: a) Tax Procedure Code, b) Incorporation of Directive 2021/2118 concerning the insurance of civil liability arising from the use of motor vehicles and measures for adaptation to Regulation 2022/858.
– Minister of Health, Adonis Georgiadis, will present the draft law of the Ministry of Health.
– Minister of Development, Kostas Skrekas, will make a presentation regarding the modification of the Ministerial Council Act for the establishment, composition, and operation of the Governmental Committee for the development of the supply chain, as reported by government sources.

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