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Hungary has a strong intellectual property system

Hungary remains ranked 15th in the U.S. Chamber of Commerce's annual International Intellectual Property Protection Index.

The International Intellectual Property Protection Index (IP Index), published annually by the U.S. Chamber of Commerce, measures how motivating and effective a system each country has developed to encourage creativity. The ninth edition of the IP Index examined the intellectual property framework of 53 global economies based on 50 unique indicators.

Hungary ranks 15th with a rating of 78.23 percent, ahead of the regional average and an improvement of 2.4 percentage points compared to 2020. 

In the 2021 report, 32 of the countries surveyed made positive improvements, with Hungary ahead of economies such as Israel, Poland and Canada. 

The index emphasizes that the transposition of the European Union’s Directive on the Protection of Trade Secrets into Hungarian law is forward-looking. Tax incentives for research and development and intellectual property protection, as well as the country’s strong and sophisticated intellectual property rights system, were also assessed as positive, Gyula Pomázi, President of the SZTNH, said. 

Pomázi added that the office’s priority is to make businesses and universities more aware of intellectual property protection, as it not only offers them a monopoly position regarding the utilization of their own ideas but also makes the Hungarian economy more impact-resistant and successful.

Despite the pandemic, the number of notifications filed increased in 2020 for almost all forms of protection compared to the previous year, and this trend continued this year. In the first quarter of 2021, almost 14 percent more patent applications and 32 percent more trademark applications were filed, compared to the same period last year, he added. 

Source
www.magyarnemzet.hu
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