Thanks to the country’s R&D and manufacturing sector performance, Hungary jumped three places on Bloomberg’s Innovation Index, to No. 27 overall and to No. 13 within the EU. The Global Innovation Index, co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO) in August 2016, also showed a favourable picture of Hungary’s innovation performance, as the country was ranked as 33rd out of the 128 countries analysed.

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(Ministry for National Economy)