Counterfeit toys caused more than 400 billion HUF losses to the EU
The counterfeit toys caused almost 1.5 billion euros (more than 400 billion HUF) annual revenue loss in the Member States of the European Union. It is about 12 percent of the turnover of the toy industry.
The loss in Hungary is an average of 3.41 billion HUF a year – the National Board Against Counterfeiting (HENT) announced on Monday, on the basis of the report of the European Union’s Office for Harmonization in the Internal Market. Counterfeiting causes an average of 370 million euros tax losses to the Member States every year. (MTI)
Related news
Twenty years in the EU: how has Hungarian consumption changed?
On 1 May 2004 ten new member states joined the…
Read more >
Hungary has been in the EU for 20 years: how has foreign trade changed?
On May 1, 2004, ten new states joined the European…
Read more >
European fruit and vegetable growers joined together for European products
European fruit and vegetable growers joined together and launched a…
Read more >Related news
The quarterly results of the SZÉP card confirm the entrepreneurs’ proposal
According to the announcement issued by the Ministry of National…
Read more >
Fish production in Hungary: the industry is struggling with a growing labor shortage
Despite low feed prices and good water levels, the Hungarian…
Read more >
Artificial intelligence in winemaking: new technology is changing the way wine is made
Artificial intelligence is revolutionizing American winemaking, enabling remote monitoring of…
Read more >
