Romania moves up four spots in Global Innovation Index

Romania was ranked on the 48th position with a score of 40.33 in the Global Innovation Index 2013 made by INSEAD, the Cornell University and World International Property Organization.

Romania has gained four places in the ranking, but still comes after neighboring country Bulgaria, which was ranked on the 41st place with a score of 41.33, and after the Republic of Moldova, ranked on the 45th place with a score of 40.94.

”Of the modest innovators, only Romania includes one region in a higher performance group: Bucharest is a moderate innovator. Most of these regions are metropolitan regions (centred in either capitals or major cities) with a strong government sector presence, and they are home to universities and head offices of companies. This explains the regions’ above-average performance on several of the RIS indicators (e.g., employment in knowledge-intensive services, tertiary education, scientific co-publications, and public-sector R&D expenditures),” says the report.

Romania is followed by Poland, ranked the 49th, with a 40.12 score, Serbia and Greece, ranked the 54th and 55th, respectively, with ranking of 37.87 and 37.71.

With a GDP of USD 171.4 billion, Romania was included in the category of the upper- middle income countries.

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”Among the upper-middle income 10 best performers in the Global Innovation Index, Costa Rica, Lithuania, and Romania enter the list this year, displacing Serbia, Mauritius, and the Russian Federation,” according to the authors of the survey.

Otilia Haraga