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Bulgaria is climbing in a world chart for innovations

The country loses positions on indicators such as value-added production, concentration of high-tech companies, post-secondary education and patents, according to the Bloomberg Innovation Index

 

Bulgaria is among the top 50 most innovative countries in the world, ranked by Bloomberg. The country ranks 41st in the sixth edition of the Bloomberg Innovation Index after it failed to enter the top fifty in 2017 and it was 42nd out of 84 in the ranking year earlier.

The index is compiled on the basis of seven criteria with equal weight – R & D intensity, value-added production, productivity, concentration of high-tech companies, post-secondary education, researchers concentration, and patents. In its preparation, the agency examines over 200 economies, each of which is estimated on a scale of 1 to 100, based on its performance on the seven indicators.

Presentation of Bulgaria

Although it again reaches the top 50 – with a final result of 51.54, in most of the indicators, Bulgaria’s performance is deteriorating compared to the 2016 data, the most significant being the “value-added” (which is measured by Bloomberg as a percentage of GDP and purchasing power parity) – the country is now 34th out of 50 countries, while two years ago it was at the top of the table – 25th out of 84 countries .

Deterioration of the number of positions compared to the two years ago was achieved with the indicators “concentration of high-tech companies” (39th place), “lower secondary education” (38th place) and “patents” (48th place). However, the country climbed to 37th on the criterion measuring the intensity of development spending after it was 46th in 2016. Two-point improvement also has the “performance” criteria (41st place) and “researcher concentration” (37th place).

THE CLASSIFICATION OF BULGARIA BY THE INDIVIDUAL INDICATORS

2018                    2016

Intensity of R & D                                    37               46

Value Added Production                           34               25

Productivity                                              41               43

Concentration of high – tech companies    39               35

Upper secondary education                      38               32

Concentration of researchers                     37               39

Patents                                                      48               43

 

The global leaders

Leading innovation leader for the fifth consecutive year remains South Korea, whose final result in 2108 is 89.28. Since the turn of the century, Samsung Electronics has received more patents in the US than any other company except IBM, according to Bloomberg.

The second place remains for Sweden, and the top three is complemented by Singapore, which climbs three positions compared to 2017 thanks to its strong performance in the category for post-secondary education. For the first time, the United States failed to enter in the top 10, the agency said.

 

Ranking 2018  Ranking 2017  Country  Total result

1                          1                 South Korea       89.28

2                          2                 Sweden                84.7

3                          6                 Singapore           83.05

4                          3                 Germany             82.53

5                          4                 Switzerland         82.34

6                          7                 Japan                  81.91

7                          5                 Finland                81.46

8                          8                 Denmark             81.28

9                          11               France                 80.75

10                        10               Israel                    80.64

11                        9                 USA                     80.46

12                        12               Austria                79.12

13                        16               Ireland                77.87

14                        13               Belgium               77.12

15                        14               Norway               76.76

16                        15               Holland               75.09

17                        17               England                74.54

18                        18               Australia             74.35

19                        21               China                  73.36

20                        24               Italy                     68.88

21                        22               Poland                 68.74

22                        20               Canada               67.98

23                        19               New Zealand      67.4

24                        25               Iceland                67.11

25                        26               Russia                 66.61

26                        23               Malaysia             64.79

27                        27               Hungary             64.37

28                        28               Czech Republic    63.47

29                        29               Spain                             63.06

30                        31               Portugal               61.38

31                        30               Greece                 61.37

32                        34               Luxemburg         60.65

33                        37               Turkey                60.26

34                        32               Lithuania            59.04

35                        38               Romania             58.94

36                        33               Estonia                58.76

37                        35               Hong Kong                  57.05

38                        36               Slovakia              56.88

39                        40               Malta                  54.27

40                        39               Latvia                 53.65

41                        -                  Bulgaria             51.54

42                        41               Croatia                51.24

43                        45               Tunis                             49.83

44                        43               Serbia                  48.93

45                        44               Thailand             47.83

46                        42               Ukraine               47.28

47                        47               Cyprus                47.01

48                        -                  South Africa       46.98

49                        -                  Iran                     46.09

50                        50               Morocco              44.84

 

Source: Bloomberg Innovation Index

 

Source: https://www.capital.bg/politika_i_ikonomika/bulgaria/2018/01/24/3117901_bulgariia_se_izkachva_v_svetovna_klasaciia_po_inovacii/