FrieslandCampina fined €561,000 for infant formula

by time news

After the relevant checks on a number of codes, it was found that the company in nine (9) of them, including codes corresponding to baby milk products, achieved higher profit margins.

Fine 561,000 euros is imposed by his decision Minister of Development Kostas Skrekasin FrieslandCampina (FRISLANDCABINA GREECE SA)a dairy products company, for violation of article 54 of Law 5045/29-07-2023 regarding the reduction of unfair profit-making phenomena, following audits carried out by Interagency Market Control Unit (DIMEA).

As emphasized in a related announcement, after the relevant checks on a number of codes, it was found that the company in nine (9) of them, including codes corresponding to baby milk products, achieved greater profit margins than what is allowed by Greek legislation.

THE Minister of Development, Kostas Skrekassaid about it: “What we say, we mean. Today we announced a high fine against one of the most well-known companies specializing in, among other things, baby milk. The control mechanisms of the Ministry of Development are in constant readiness. No unfair profiteering practices will be tolerated. Supporting the family is a priority for our government. It is our duty to crack down on profiteering in baby milk, as evidenced by the new measures voted by the Parliament.”

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