bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Monday 20.08.2018 | Name days: Bernhards, Boriss
LatviaLatvia

EUIPO estimates the money Europe loses due to counterfeit goods and piracy

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCounterfeit goods on the market cause nine industries to lose more than EUR 48 billion every year, according to estimates calculated in studies performed by European Union Intellectual Property Office.

In addition to that, indirect impact of piracy and counterfeit goods on European economies is estimated around EUR 35 billion.

Six affected industries include the following: cosmetics and personal hygiene; clothing, footwear and accessories; sports goods; toys and games; jewellery and watches; hand-bags; music; strong alcoholic drinks and wine, as well as pharmaceutical industry.

These lost sales are the reason for nearly 500,000 lost jobs in those industries in the EU.

Because of indirect influence of counterfeit industry, Europe’s economy loses another 290,000 more jobs.

Studies have helped identify the influence of counterfeit goods on state finances. It has been calculated that counterfeit goods and piracy cause losses worth EUR 14.3 billion in PIT, VAT and excise tax form every year.

In Latvia, losses reach EUR 140 million annually. This is equal to 15.7% for the aforementioned industries. It is the reason for the loss of more than 2,500 jobs.

The number of jobs and sales volumes impacted by counterfeit products in Latvia is above the average in the EU. The country is on the 3rd place in terms of lost sales and on the 6th place in terms of lost jobs. Latvia is on the second place with the largest losses in sales of clothes and footwear – 22% and 16% respectively.

Ref: 102.109.109.6791


Leave a reply

Unemployment in Estonia at lowest level since 2008

The unemployment rate in Estonia was 5,1% in the second quarter of 2018, which is the lowest level in the last ten years, Estonian statisticians have estimated.

Tens of thousands sing to mark Estonia's restoration of independence

52,772 people have joined a singing event to mark the anniversary of the restoration of Estonian independence, with the majority of the singers singing along on the internet.

India hit by devastating floods

Southern India has been hit by the most devastating torrential rain floods in a century, as 186 people have lost their lives and several thousand soldiers have been deployed to save many affected residents.

Week in Lithuania. Probe finds no «drastic» EU differences in prices of non-food goods

A price comparison probe by Lithuania's Justice Ministry and the State Consumer Rights Protection Authority (SCRPA) has found no «drastic» differences in the prices of non-food goods in Lithuania and other EU countries. Justice Vice Minister Irma Gudžiūnaitė said that Eurostat's figures for 2017 show that the level of footwear and clothing prices in Lithuania makes 105 per cent of the EU average. The probe was carried out by the price comparison cite pricer.lt for the Justice Ministry and SCRPA. It compared 60 different non-good items in 12 EU countries on August 7.

BNN summary of the week: SRS searches for spotless reputation; MPC talks continue

BNN offers a summary of this week’s topical news in a variety of categories: Progress; Change; Contest; Announcement; Future; Politicians.

Eurostat: Latvia had inflation rate higher than average in EU and Eurozone

In July, Latvia’s inflation rate was higher than the average in Europe and Eurozone, according to data published by Eurostat.

Presence of Latvian milk reduces, whereas presence of imported milk increases in Latvia

The proportion of milk produced in Latvia is starting to lose to imported milk, as concluded by Central Union of Latvian Dairy Farmers chairman Jānis Šolks.

Seven previously convicted candidates crossed from Saeima election lists

On Friday, 17 August, the Central Election Commission decided to cross out seven previously convicted deputy candidates. The decision regarding one more candidate has been postponed until the next meeting, as confirmed by the commission.

Aspiring prosecutors «drop out» in tests – half of contenders fail second stage of tests

Approximately half of aspiring prosecutor candidates has failed the second portion of tests for general and judicial knowledge.

Riga International Airport concludes first half-year with turnover increase of 13%

Riga International Airport concluded the first half-year of 2018 with turnover increase of 13% when compared to the same period of 2017, according to the airport’s unaudited and shortened account for the six-month period before 30 June 2018.

New tender announced for post of SRS director; first requirement – spotless reputation

Latvia’s State Chancellery has announced an open personnel selection process for the post of director of State Revenue Service. Application submission process will last until 14 September.

CEC to decide on four candidates’ possible relation to KGB

Latvia’s Central Election Commission has received results of investigations of all 13th Saeima election candidates from Interior Affairs Ministry’s Information Centre and Latvian Centre for the Documentation of the Consequences of Totalitarianism.

Concord will have to include bread distribution costs in kebab café in its pre-election expenditures

Political party Concord will have to include in its 13th Saeima pre-election campaign expenditures the money spent by one of its candidates on distributing bread to pensioners free of charge in a kebab café in Bolderāja, as reported by TV3 news.

Weekends expected to be warm and at times hot in Latvia

On Friday, 17 August, the sky will partially cloudy again in Latvia, but no major precipitation is expected. Fog may form is certain regions at night thanks to slow wind speed. Maximum air temperature is expected to be around +22° C… +26° C. Night-time air temperature will stay at +11° C… +16° C, as reported by State Environment, Geology and Meteorology Centre.

Latvia’s State Audit requests additional funding to invest in workers

State Audit has requested additional funds in next year’s budget to invest in employees, as head of the institution Elita Krūmiņa mentioned in an interview to Latvijas Radio.

Nearly half of children born in Latvia in 2017 were delivered by mothers with higher education

20,828 children were born in Latvia in 2017. Almost half of them were born to mothers having higher education. Out of the total number of newborn children mothers, 7,229 or 34.7 % had acquired upper secondary general or vocational education and 2,775 or 13.3 % had basic education or lower.

«Steel Magnolia» named Lithuania's most influential politician for fourth consecutive year

Lithuanian President Dalia Grybauskaitė, dubbed as «Steel Magnolia» by foreign press, remains the most influential politician in the country for the fourth consecutive year. In two separate polls, one by the popular ratings magazine Reitingai and the other by pollster Spinter Tyrimai, she appeared on top, being followed by Saulius Skvernelis, Prime Minister, Ramūnas Karbauskis, the leader of the ruling Lithuanian Farmers and Greens Union (LFGU), Valdas Adamkus, ex-president, and Vytautas Landsbergis, Lithuania's first post-independence leader.

Ex-director: Rundale Castle Museum should be managed with the same ideals as before

In the years to come Rundale Castle Museum should be managed with the same ideals as before, says the soon ex-director of the museum Imants Lancmanis, who intends to retire at the end of this year.

Star Rating determines the best schools in Latvia

According to the 2018 Star Rating, Riga State Gymnasium No.1 remains in the lead among Latvia’s schools. Daugavpils Russian Secondary School – Lyceum is second, and Riga State Gymnasium No.2 is third.

ABLV Bank assets worth EUR 21.052 million were recovered in July

Liquidators of ABLV Bank have recovered assets worth EUR 21.052 million in July. This includes EUR 11.602 million recovered from issued loans, EUR 7.644 million from recovered/sold securities, EUR 1,792 million from loans provided to credit institutions, and EUR 14,000 from sales of real estate and other types of property, according to the account published in Latvian Herald.

Concerns over Turkish crisis cause world stock market decline

Stock prices around the world took a massive dive on Wednesday, 15 August, as concerns over Turkish crisis’ possible influence and investors’ attempts to get rid of risky assets surfaced again.

Election commission receives word some candidates’ possible non-compliance with the law

Latvia’s Central Election Commission has received information regarding possible non-compliance of multiple deputy candidates with requirements of the Saeima Election Law, says CEC chairman Arnis Cimdars.

African swine fever found in domestic pigs in Saldus; inspectors investigate illness in Unguri

African swine fever has been found in domestic pigs in Saldus Country’s Zaņa Parish. The infection was found in four domestic pigs. It cannot be excluded that ASF may have entered SIA Druvas Unguri farm’s pig enclosure along with sawdust or cars, as reported by Food and Veterinary Service Public Relations Office manager Ilze Meistere.

Lithuania lays symbolic rail on restored Mažeiķi–Reņģe railway line

Lithuania’s Lietuvos geležinkeliai railway company’s director general Mantas Bartuška and Polish oil concern Orlen manager Daniel Obatjek laid a symbolic rail on the restored railway route connecting Orlen Lithuania owned Mažeiķi oil processing plant in Lithuania and Reņģi in Latvia this Tuesday, 14 August.

Unemployment level in Latvia down to 7.7% in Q2 2018

In Q2 2018 Latvian unemployment rate constituted 7.7 %. Compared to the previous quarter, unemployment rate fell by 0.5 percentage points, while over the year it dropped by 1.2 percentage points.

Newest comments