Serbia ahead of 8 EU members in terms of innovation results

In the past year, Serbia has achieved significant growth in innovation performance and is ahead of eight EU Member States on the European Innovation Scoreboard 2018, presented by the European Commission in Brussels.

Serbia has met 22 of the 27 required innovation indicators, and as a country it is rated as “moderate innovator”, positioning itself in front of eight EU members, including Hungary, Greece, Poland, Lithuania, Croatia, Bulgaria, Romania and Slovakia, the Ministry of Innovation and Technological Development announced.

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Serbia has achieved the best results in terms of investment in innovation, networking and partnerships of small and medium enterprises, innovation of products and processes, as well as in the effect of innovation activities on employment, the European Commission says.

Minister without Portfolio in charge of Innovation and Technological Development, Nenad Popovic said that Serbia had made a historic progress on the European Innovation Scoreboard, which is also a validation of the efforts on the part of the government of Serbia in investing in the development of an innovation-driven economy. 

At the same time, this confirms the President of the Republic and the Prime Minister have a good vision who have demonstrated that that Serbia is determined to build its future and economic growth on the innovations and knowledge of Serbian engineers, Popovic concluded.

The European Commission uses the data compiled by the recognized official international sources that are publicly available, such as Eurostat, the Organization for Economic Co-operation and Development (OECD) and the United Nations.

Four categories of countries have been identified according to their innovation performance: innovation leaders, strong innovators, moderate innovators and modest innovators.

The innovation performances of innovation leaders are 20% higher than the EU average, and these are Switzerland, Denmark, Finland, Luxembourg, the Netherlands, Sweden and the United Kingdom. The strong innovators achieved between 90 and 120 percent of the average innovative performance in the EU, and these are Austria, Belgium, France, Germany, Ireland, and Slovenia. This category also includes Iceland, Israel and Norway which performances are also presented in the EIS Report.

In the category of moderate innovators, meaning the countries which have between 50 and 90 percent of the average innovative performance for the EU, are Serbia, Croatia, Cyprus, the Czech Republic, Greece, Estonia, Hungary, Italy, Latvia, Lithuania, Malta, Poland, Portugal, Slovakia, Spain and Turkey.

The category of modest innovators includes countries that have achieved less than 50 percent of the EU’s average performance, and it includes Bulgaria and Romania, as well as Macedonia and Ukraine, the statement said.

(Vecernje Novosti, 12.07.2018)

This post is also available in: Italiano

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