x

Economy

Georgiadis: Gov’t to Require Businesses to Register Key Food Stocks Due to the War in Ukraine

ATHENS – Greece has enough stocks “for months ahead” in cereals, flours, and vegetable oils, Development Minister Adonis Georgiadis asserted in Parliament on Wednesday, while introducing a new stock registry for food and farming supplies.

Speaking of the draft amendment for the registry, Georgiadis said it would provide the government with quick sense of key supplies, in view of supply chain disruptions due to the war in Ukraine. “We do not want to allow some people to create a fake shortage and make a fortune out of it, either through black marketeering or by artificially raising prices, more than is justified by the global crisis,” the minister said.

He clarified that the registry does not mean a shortage of these products. “We have already recorded stock in these foodstuffs through the supermarkets. There are enough supplies for months ahead of all of these products. There is no reason to panic,” he said, noting the example of sunflower oil. Oil pricing is under greater pressure, since the steep rise in fossil fuel prices has led to using a greater proportion of sunflower oil as fuel, resulting in shortages on market shelves, he noted.

The amendment will oblige businesses along the entire supply chain, from production and importing to selling, distributing and storage, to record all raw materials for the production of fertilizers, fertilizers themselves, animal feed, raw cereals, any kind of flour, sunflower seeds, and vegetable oils (except olive oil).

The Finance Ministry amendment will give businesses two days from the publication of the law to fill out the registry, through the development ministry’s platform that connects to the public administration’s gateway.

Failure to comply or giving false data will result in confiscation of products and fines anging from 1,000 euros to 100,000 euros.

RELATED

ATHENS - Development and Investments Minister Adonis Georgiadis said that the government is examining the possibility of extending the fuel pass, in an interview on Friday with RealFM.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Mission, TNH’s New Travel Documentary Series with Clelia Charissis (Trailer)

Every weekend, TNH and Clelia Charissis are on a mission, traveling around Greece and the world to highlight places through the people we meet along the way.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.