Press Release: Trade mark protection in the EU gets cheaper

The European Commission on 17 October 2005 decided to lower the fees payable to the Community agency responsible for granting EU-wide trademark rights, OHIM (Office for the Harmonisation in the Internal Market, located in Alicante, Spain). This measure - unprecedented in the EU and endorsed by Member States - was to make intellectual property protection cheaper for businesses operating in the EU single market, saving them between €37 and €40 million a year.