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Hungary moves up a spot in global innovation ranking

Innovation

Hungary has moved up one spot to 34th place in the latest annual Global Innovation Index (GII) of the World Intellectual Property Organisation (WIPO), the Innovation and Technology Ministry told MTI on Tuesday.

"In spite of the coronavirus crisis, Hungary was able to advance in the international ranking and was among ten European countries that showed improvement," state secretary József Bódis said. He added that Hungary was ahead of regional peers such as Lithuania, Latvia, Poland, Russia, and Slovakia.

Hungary ranked 20th in the GII ranking's knowledge and technology outputs pillar, 31st in terms of business sophistication and 32nd with an eye to infrastructure. It was in 47th place in the creative outputs pillar and in 65th considering market sophistication.

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