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The latest edition of two international innovation rankings published at the end of September, ranks Hungary among the best in the world and Europe in high-tech manufacturing and exports. According to the 2022 Global Innovation Index, Hungary is ranked fifth in high-tech manufacturing, up three places from last year, Minister of Technology and Industry László Palkovics said in a statement.
The World Intellectual Property Organization (WIPO) publishes the Global Innovation Index annually, which this year benchmarks the innovation performance of 132 economies. In the overall international ranking, Hungary ranks 34th, the highest in the seven thematic areas covered by the index, and 23rd in science and technology. High-tech manufacturing as a share of total output ranks fifth in the global ranking. Hungary also ranks in the top 10 in other categories assessing the complexity of production and exports, and the share of high-tech exports, they said.
The Ministry of Technology and Industry also recently published the 2022 edition of the European Innovation Scoreboard, which is being prepared under the supervision of the European Commission. This year’s summary ranks Hungary at the top of the group of “emerging innovators.” Among its strengths, the export of high-tech products is the most prominent, ranking third after Switzerland and Slovakia. In terms of state support for business R&D, Hungary ranks seventh among EU Member States.
According to László Palkovics, the Hungarian government has embarked on an industrial policy and technological turnaround in recent years to ensure sustainable economic growth and improved competitiveness. It has committed itself to strengthening industrial performance in knowledge-based, future-oriented sectors, preferably with as much domestic added value as possible, he added.
They are working to ensure that more and more Hungarian ideas are used in exportable products and services using the most advanced technologies, and they seem to be succeeding, he said.
Via: MTI ; Featured photo: World Intellectual Property Organization Facebook