- 7 Jun 2018 9:09 AM
- Hungary Matters
The cost of counterfeit brands adds up to about 12.2% of total sales, almost five percentage points higher than the European average. Hungary’s National Board Against Counterfeiting said counterfeit drugs cost the pharmaceutical industry 140 billion forints a year locally.
Knock-off clothing costs businesses 70 billion forints and counterfeit smartphones 29 billion forints.