European Commission: Serbia is advancing in innovation

Serbia occupies the 29th place on this year’s European Commission list, which ranked 39 countries in Europe based on their innovativeness.

Serbia’s overall innovation index this time was 69.1, which is 4.4 points higher than last year. The European Innovation Scoreboard (EIS) publication included all European Union (EU) member states and 12 neighbouring countries, with Moldova included in the research for the first time. The parameters are primarily compared to 2017 as a reference point in addition to 2023, and almost all nations have improved their performance relative to that year—the only ones who recorded weaker results over these seven years were the United Kingdom and Luxembourg.

For instance, Serbia achieved a growth of 7.4 percentage points compared to 2017.

Regarding non-EU countries, four of them (Switzerland, Norway, the United Kingdom, and Iceland) were categorized as innovation leaders. On the other hand, the remaining eight (including Serbia) are in the group of so-called emerging innovators. To clarify, the analysis distinguishes four categories of countries: innovation leaders, strong innovators, moderate innovators, and emerging innovators.

“Turkey recorded the most dynamic growth of 5.6 percentage points in 2024 compared to 2023, securing 6th place among emerging innovators. Serbia surpassed Latvia and ranked as the fourth emerging innovator and the 29th country on the broader EIS list. Montenegro, Albania, and Ukraine had moderate performance improvements, while North Macedonia and Bosnia and Herzegovina improved their positions by 3.9 and 2.7 percentage points, respectively,” the recently published research states.

Compared to the rest of the Adria region, the country is positioned in the middle. Better results than Serbia were achieved by Slovenia and Croatia, which took 18th and 27th place, respectively, while North Macedonia is in 35th, and Bosnia and Herzegovina is in the penultimate, 38th place.

In the section about Serbia, the report highlights achievements in the area of company investments aimed at innovating their products and business processes, where the average EU values were surpassed. Serbia also recorded higher values compared to the European average in terms of innovation expenditures not directly related to research and development (such as equipment purchases, intellectual property protection, feasibility studies, market research, etc.) and in innovation development expenditures per employee.

However, it should be noted that these are just a few items where the country stood out, and the ranking is based on several dozen parameters. The European Commission’s report also points out areas where Serbia is relatively weak, namely application design, air pollutant emissions, and resource productivity.

(Bloomberg Adria, 11.07.2024)

This post is also available in: Italiano

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