Good news for European companies

As from May 1st, 2009 the cost for obtaining a CTM will be reduced

According to EU.s Commissioner for the Internal Market, Charlie McCreevy, this will encourage economic activity in Europe and promote entrepreneurship. Essentially small and medium-sized companies will benefit from these changes, being more cost sensitive than larger businesses.

In practice the changes imply that the registration fee for a CTM is cancelled and that the application fee is raised. All in all this will lead to a cost reduction by approximately 40%.

// Maria Lagergren