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Slovak Industrial Property Office exceeds projected revenues

Although its revenues have significantly exceeded projections, the Finance Ministry has rejected the Industrial Property Office of the Slovak Republic’s (ÚPV SR) request for an increase in its expenditure limits, its head Darina Kylianová told a press conference on December 11.

Although its revenues have significantly exceeded projections, the Finance Ministry has rejected the Industrial Property Office of the Slovak Republic’s (ÚPV SR) request for an increase in its expenditure limits, its head Darina Kylianová told a press conference on December 11.

She added that this has left the office’s staff de-motivated. Revenues exceeded the projected Sk22 million (€730,266) by over Sk32 million (€1,062,205), i.e. by almost one-and-a-half times. Fees for research on Community trademarks, which the office now performs thanks to an initiative of its staff beyond their duties, has provided extra income, the director explained.

Kylianová said that this year's budget was tight, as usual, but her applications for an increase had been turned down. The office currently employs 146 people. SITA

Compiled by Zuzana Vilikovská from press reports
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