The possibility of collecting and monitoring by the Ministry of Energy, Trade and Industry (MoEIB) retail prices of consumer products and the creation of the digital platform "e-kalathi", for price presentation, allows for a bill approved by the Cabinet of Ministers at its meeting today, entitled "The Retail Price Recording and Monitoring of Products Retail Prices Law of 2023".
The proposal for the bill was submitted to the Council by the Minister of Energy, Trade and Industry, Mr. George Papanastasiou, and the aim of the digital platform is to provide consumers with the best possible information on prices in the market, ensuring transparency, the ability to compare prices on a daily basis and direct information on both prices and the availability of products that are important for households. It will also contribute to the efforts of the Consumer Protection Service of the Ministry of Consumer Affairs for a more effective exercise of its responsibilities, as well as to better safeguard the interests of consumers through the development of a rational consumer culture.
The creation of "e-kalathi" falls within the Government's efforts to effectively and efficiently support consumers, offering them a digital tool for immediate information on the prices of basic consumer products, which is considered very important in times of negative market conditions.
