• Wed. Jul 1st, 2026

Famagusta Gazette

News From Cyprus

Counterfeit drink costs Cyprus €8M annually

ByFamagusta Gazette

Jun 17, 2025

Illicit trade in food and beverages robs Cyprus of €8 million and over 16 jobs each year, part of a broader EU-wide issue.

The European Union Intellectual Property Office (EUIPO) reports that fake wines and spirits alone wipe out €2.29 billion in sales and nearly 5,700 jobs across the EU annually.

The warning highlights the economic and public health risks of counterfeit products.

Famagusta Gazette