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The cost of counterfeited goods in Greek economy

07 June 18 - RE+D Magazine
The cost of counterfeited goods in Greek economy

COMPANIES

Solum Property Solutions

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

IBI Group

Consultant - GREECE

Savills

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Greece's economy is losing 1.3 billion euros in revenues as a result of fake and counterfeited goods traded in the market, according to a report prepared by the European Union Intellectual Property Office (EUIPO).

 

This represents a loss 125 euros for each resident and 12.3 percent of sales for companies in areas that are exposed to violations of intellectual property, such as pharmaceuticals, clothing and cosmetics.

At a European level, these losses reach 60 billion euros.

As a result of the counterfeited goods, Greece is also missing out on 15,356 job positions, the report added, while across Europe this number reaches 434,000 job positions.

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