Pingo Doce parent company fined âŹ36 million for ‘misleading’ adverts⊠in Poland
Polish regulator rules inflation-busting campaign “misled customersâ Poland’s consumer protection regulator has fined the local operations of Portugal-based retail group JerĂłnimo Martins (best known for its chain here of Pingo
Hamper of essential foods costs âŹ2 more since IVA was eliminated
Price increases evident after just three weeks of âzero IVAâ The much-touted elimination of IVA (value added tax) on 46 food products considered âessentialâ has not really made much difference.
0% IVA on basket of 46 foodstuffs in force as of today
Supermarkets have 15 days to reflect changes; ALDI has already started The measure that exempts a basket of 46 foodstuffs considered essential from IVA (VAT) comes into force today, with
Sonae boss gives thumbs-down to price setting (in bid to stop rising food prices)
Sonae boss ClĂĄudia Azevedo has warned today that in an “open and global market” such as food distribution the setting of maximum prices “always works out wrong” and is more
State inspectors âfurther intensifyâ hypermarket âprice checksâ
âWill be watching for any kind of price collusionâ – Secretary of State If rising food prices have anything to do with supermarket and hypermarket chains operating âprice collusionâ (and
Nationwide swoop on supermarket price increases
38 ASAE brigades at work; “we will intensify these checks”, says government Thirty-eight brigades involving 80 ASAE (authority for economic and food safety)Â inspectors are on the ground today inspecting
Supermarkets start feeling pinch
Aside from the fact that the new âwindfall taxesâ on extraordinary profits in the sector come into effect from tomorrow, supermarkets are starting to feel the pinch when it comes
Modelo Continente gives workers âŹ500 to mitigate effects of inflation
Supermarket giant Modelo Continente is paying its workers (roughly 36,000) an extra âŹ500 this month to mitigate the effects of inflation âand bring a better Christmas for everyoneâ. The âextraordinary
Foodbank volunteers at supermarkets this weekend
Portugal’s Food Bank Against Hunger is holding a new food collection campaign in supermarkets this weekend, stressing its “decisive importance” at a time of “increasing difficulties” caused by rising interest
New Albufeira Intermarché store opens tomorrow
The inauguration of the supermarket chain’s 261st point of sale represents an investment of three million euros and will generate 50 new jobs in the region. Albufeira’s new IntermarchĂ© store