Fake sports equipments caused 850 million euros losses in the EU last year
The sale of fake sports equipment, such as footballs, sports helmets, tennis rackets, skis, gym equipment and skateboards, costs legitimate EU manufacturers 850 million euros last year.
A new study from the Office for Harmonization in the Internal Market (OHIM), shows that the sales lost due to counterfeiting of sports equipment –not including sportswear– correspond to 6.5 percentof all sales in this sector across the 28 EU Member States.
The study also shows that approximately 6,000 jobs are lost in this sector throughout the EU, as manufacturers sell less than they would have done in the absence of counterfeiting, and therefore employ fewer people. (MTI)
Related news
Eurozone economy stagnated in the fourth quarter
Contrary to analysts’ expectations, the eurozone economy stagnated in the…
Read more >The EU has approved another alternative protein source: flour beetle larva powder
The European Union has taken another step towards the introduction…
Read more >All European trade must prepare for Trump’s tariffs
Europe must prepare for potential trade tariffs from new US…
Read more >Related news
Márton Nagy: the turning point is here, the Hungarian economy will shift to a higher growth path in 2025
According to the Central Statistical Office, the economy grew by…
Read more >Egg prices continue to rise: the elimination of cage farming makes the market more expensive
Egg prices in Hungary crossed the psychological threshold of one…
Read more >To curb climate change, efforts need to be multiplied – climate protection survey among domestic companies
66 percent of Hungarian companies committed to a sustainable transition…
Read more >