Double price tag planned

Clothing and footwear in stores will have to bear prices both without and including value-added tax, according to the planned market code that has been put up for consultation on September 28.

The new rules, which concern the transaction and trading of products as well as service provision, mean the double price sign will also apply to industrial products but not grocery items.

The proposed regulation will replace the existing market code that dates from 1946. It is also designed to enhance consumer protection.

The updating of the market rules has been ongoing for about one year and is a part of the state?s obligations according to the bailout memorandum signed with its creditors.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.