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household

English Edition

High uptake of ‘household basket’ app

High uptake of ‘household basket’ app Hundreds of thousands of consumers have downloaded the app for the “household basket” and are using the relevant website e-katanalotis.gov.gr, the company tasked with developing the relevant software and training supermarkets in its use said on Thursday. “We are extremely proud of the acceptance of the ‘household basket’ measure […]

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The household basket wins consumer trust says Develoment Minister

The household basket wins consumer trust says Develoment Minister “We had many branded products in the household basket. The prices are good. Here we saw lower prices than before. After four weeks we’ve achieved markdowns, minimal increases and many flat-price items. In an environment of inflation running at 10% this is in itself a very […]

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‘Household basket’ to start in Cyprus, too

‘Household basket’ to start in Cyprus, too The Consumer Protection Service of Cyprus on Wednesday presented its initial proposal for the introduction of a “household basket” in Cyprus to the stakeholders – the Hypermarkets Association, the Retailers Association, the Cyprus Employers & Industrialists Federation, and the Cyprus Chamber οf Commerce and Industry. This measure has […]

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Ministry seeks to improve household basket measure

Ministry seeks to improve household basket measure From December 1, the new label for the “household basket” products will be on the shelves of supermarkets in order to help consumers make the most out of the measure. This is provided for by the decision by the Development and Investments Ministry published in the Government Gazette, […]

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Greek household basket: How food industry responds and what the new signs will look like

Greek household basket: How food industry responds and what the new signs will look like The video conference of the Minister of Development and Investments with the board of directors of the Association of Greek Food Industries (SEVT) took place yesterday, yielding no new developments. Industry representatives have reportedly argued that they are continuing offers […]

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Fines for chains that fail to comply with ‘household basket’ rules

Fines for chains that fail to comply with ‘household basket’ rules A Development Ministry regulation provides for fines up to 50,000 euros on supermarkets participating in the “household basket” measure, which either do not have clear markings on the products included, or do not ensure their adequacy. This way, the ministry will attempt to resolve […]

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Amendment on ‘household basket’ to be tabled in parliament

Amendment on ‘household basket’ to be tabled in parliament Development and Investments Minister Adonis Georgiadis is expected to table an amendment dealing with the problems ascertained during the first week of the launch of the so-called “household basket” – a set of products protected from inflation – on Thursday in parliament. The amendment will require […]

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Bigger labels for ‘household basket’

Bigger labels for ‘household basket’ The three changes that the new ministerial decision on the “household basket” will include provide for bigger labels on participating products, a provision to ensure the adequacy of the items that each chain places in it, as well as a list of price changes. In the updated decision, however, no […]

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New interministerial decision brings changes to Household Basket scheme

New interministerial decision brings changes to Household Basket scheme A few days after the premiere for the “household basket“, the Ministry of Development and Investment is trying to correct various “teething problems”, while at the same time some of the large supermarket chains are correcting – downwards – the prices of certain products. At the […]

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Consumers give vote of confidence to the ‘household basket’ in Greece

Consumers give vote of confidence to the ‘household basket’ in Greece Consumers gave a vote of confidence to the “household basket” in the first days of the measure’s implementation, ANA reports.“The support of consumers in the first days is impressive and indeed the prices are comparatively better and will be even better as a result […]

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Dev. Min.: The household basket has “sold out”

Dev. Min.: The household basket has “sold out” In all supermarket chains the government’s “household basket” scheme is doing very well, ie it has “sold out”. Staff do not have time to restock shelves with products include in the basket,  the Minister of Development Adonis Georgiadis, emphasized on Friday morning, while conducting a spot-check at […]

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Mitsotakis: Initial reaction positive to inflation-containing measure entailed with ‘household basket’

Mitsotakis: Initial reaction positive to inflation-containing measure entailed with ‘household basket’ Greek Prime Minister Kyriakos Mitsotakis on Thursday said initial market reaction to a measure aimed to contain surging inflation, known as the “household basket” of primary goods, is positive. In response to a press question after the conclusion of an EU summit in Berlin, […]

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‘Household basket’ launched

‘Household basket’ launched The majority of supermarket chains in Greece have clearly aimed their so-called “household baskets” – i.e. their set of products protected from inflation – at very low incomes since they are dominated by private-label merchandise and not what the chains themselves consider premium. Even in cases where branded products have been selected, […]

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The low-price ‘household basket’ goes into operation as of Wednesday

The low-price ‘household basket’ goes into operation as of Wednesday The “household basket” of lower-priced staple goods is expected to be launched on Wednesday, following a ministerial decision signed by Development and Investments Minister Adonis Georgiadis. The aim of the measure is to ensure low prices for a class of essential consumer goods, determined by […]

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Households in Cyprus owe €20.1 bln

Households in Cyprus owe €20.1 bln Household debt in Cyprus stood at 20.1 billion euros at the end of June 2022, with the relevant debt ratio standing at 81% of gross domestic product, a slight decrease compared to the previous quarter due to GDP growth. In comparison to December 2016, the household debt ratio had […]

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Dev. Min.: The household basket ensures basic products for most vulnerable Greeks

Dev. Min.: The household basket ensures basic products for most vulnerable Greeks We ensure basic products for the most vulnerable,” the Minister of Development, Adonis Georgiadis, told state broadcaster ERT on the occasion of the start of the implementation of the measure for the “household basket” on November 2. In a comprehensive discussion, Mr. Georgiadis […]

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‘Household basket’ to premiere this week

‘Household basket’ to premiere this week Development and Investments Minister Adonis Georgiadis stated on Thursday that “every supermarket chain will compete with others to have the cheapest ‘household basket.’ So, every chain will choose the products and the prices. [This week] we will see the companies’ baskets,” he stated speaking on ANT1 TV. He also […]

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Retail price regulations on essential food staples to start on Nov 2

Retail price regulations on essential food staples to start on Nov 2 The “household basket” will be launched from November 2, Alternate Development and Investments Minister Nikos Papathanassis said while speaking to Parapolitika Radio on Tuesday. He said that every week the products of the basket protected from price hikes will change, that quantities will […]

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‘Household basket’ provision reaches Parliament

‘Household basket’ provision reaches Parliament Τhe legal provision establishing the so-called “household basket” will be submitted to Parliament this week, Development and Investments Minister Adonis Georgiadis said on Thursday at the Olympia Forum III.  He explained that the delay to the regulation foreseeing fixed, low prices on a series of basic commodities at supermarkets was […]

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Household basket’s problems

Household basket’s problems The “household basket” of supermarket products protected from major price hikes is hitting one snag after another. As market executives had pointed out from the first moment the relevant initiative was announced, the measure would necessitate the consent both of supermarket chains and suppliers, which in case of illegal collusion would lead […]

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Tiered subsidies for electricity

Tiered subsidies for electricity Electricity rates for the vast majority of household consumers (up to 500 kilowatt hours) will be contained next month to 14 to 17 cents per kilowatt-hour, thanks to the high state subsidies absorbing 90% of the increases.  Above 19 cents and up to 31.2 cents/Kwh, the charges for the second scale […]

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Policy dilemmas

Policy dilemmas The government is expected to announce its strategy to reduce household spending on electricity from July onward. There are two plans on the table. One is radical and does not drain the state budget: It foresees that the energy market is effectively suspended at the marginal price (a measure that was introduced to […]

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Platform to apply for rebates on household electricity bills to go live on June 16

Platform to apply for rebates on household electricity bills to go live on June 16 An electronic platform allowing households to apply for a power bill rebates, to offset higher bills, will open on June 16, Greek Alternate Finance Minister Theodoros Skylakakis announced, although the government will try to have it up and running by […]

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Traditional Easter lunch to cost 9% more in Greece this year

Traditional Easter lunch to cost 9% more in Greece this year The average household “basket” for the Greek Orthodox Easter feast on Sunday, April 24, will cost 45.34 euros, or 9% more than in 2021, for two people shopping from one of the country’s major supermarket chains  – and this does not include the cost […]

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Self-production of green energy should also be a household option, Tsipras tells 7th Delphi Forum

Self-production of green energy should also be a household option, Tsipras tells 7th Delphi Forum Price hikes and the energy crisis are an unsolved equation, said SYRIZA-Progressive Alliance leader Alexis Tsipras during a fireside chat at the 7th Delphi Economic Forum on Friday. While these prices rise in parallel to households’ financial obligations, people’s wages […]

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Short- and long-term saving moves

Short- and long-term saving moves There are some household interventions at little to no cost that can help us reduce our energy consumption, but their effects are considerably smaller than investing in an energy efficiency upgrade. That is why it makes sense for families to invest in the comprehensive upgrading of their homes and vehicles. […]

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Bookings freeze as household disposable incomes suffer

Bookings freeze as household disposable incomes suffer Major tour operators and Greek tourism professionals who are in contact with the main markets supplying visitors to Greece report a freeze in bookings over the last couple of weeks due to the war in Ukraine. Consumer concern is not so much about the war itself, as it […]

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Greek Environment Min: We should create a European household support fund – Price increases in energy market

Greek Environment Min: We should create a European household support fund – Price increases in energy market The Greek Minister of Environment and Energy, Mr. Kostas Skrekas, talked to Mega channel about the Greek proposal to the Council of Europe for the creation of a central European mechanism that will give EU members access to […]

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