New Code of Conduct for reduction of prices

A new Code of Conduct for sales promotions and the communication of price reductions has been issued by virtue of Ministerial Decision 35935 (GG’ B 2640/21.04.2023).
 
Said Code of Conduct follows the amendment, by virtue of Law 5039/2023 (Government Gazette A' 83/2023), of the provision on the communication of discounts and on the determination of the previously applicable price that must be indicated by traders in cases of price reductions (Article 15 of Law 4177/2013). By virtue of the new Code of Conduct the previous Code of Conduct (MD 56885/10.11.2014) is no longer in force. The new Code of Conduct includes various provisions on the way that the price reductions and price promotions must be communicated by the traders to consumers and contains examples and pictograms of how the communication of price reduction should be made in order to be in compliance with the current framework.