Only 1 in 10 Hungarians Purchased Counterfeit Goods Last Year

  • 20 Nov 2020 10:42 AM
  • Budapest Business Journal
Only 1 in 10 Hungarians Purchased Counterfeit Goods Last Year
Only 11% of the Hungarian population bought counterfeit products in the past year, but fewer Hungarians recognize their harmful effects on health and are less likely to hold buyers of counterfeit goods accountable, according to the results of the most recent annual consumer survey by the National Anti-Counterfeiting Board (HENT) and Tárki, writes.

The proportion of buyers of counterfeit products was the lowest it has been in the last 10 years between July 2019 and July 2020 at 11%, according to the HENT survey.

The research also points out that 80% of the Hungarian population would not buy a product from a counterfeit or doubtful source at all.

It is also encouraging that consumer awareness is rising among those consumers who are fundamentally reluctant to buy a counterfeit product.

The vast majority of those (97%) have not purchased such a product in the past year.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.