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Hungary Ranked 13th On International Intellectual Property Index

Hungary stands in 13th place on the International Intellectual Property Index, ahead of Poland, Israel and Canada among others, the Economy Ministry said.

A report released by the US Chamber’s Global Intellectual Property Center, dubbed The Roots of Innovation, described Hungary as actively and successfully working to improve its IP performance, the ministry said in a statement. Hungary scored 25.39 points on the IP index, slightly below the regional average of 27.61 points but above the overall median index score of 15.39 points.

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The report accompanying the index and prepared by the Global Intellectual Property Center of the U.S. Chamber said Hungary enjoyed a “strong and sophisticated IP system conferred through EU membership” and had strong “sector-specific IP rights in place such as regulatory data protection and patent term restoration”.

The report published annually since 2012 covers 45 countries that generate 90% of the world’s gross domestic product. The countries surveyed are considered important from strategic and market points of view. This is the first year that Hungary has been included, the ministry added.

via: hungarymatters.com; bbj.hu

photos: bbj.hu;