Bulgaria is at the Bottom of the EU by Number of Innovative Enterprises, According to Eurostat

Politics » BULGARIA IN EU | March 13, 2019, Wednesday // 10:21| Views: | Comments: 0
Bulgaria: Bulgaria is at the Bottom of the EU by Number of Innovative Enterprises, According to Eurostat

Bulgaria is in the last three countries of the European Union (EU) with the lowest share of innovative enterprises in the Union, according to data from Eurostat analysis of the survey of community innovations in 2017. In Bulgaria only 27% of the total share of enterprises develop some effective innovation activity, with an average EU indicator of 51% of high-tech enterprises. Only Poland is behind us - 22% and Romania - 10% of R & D enterprises.

Despite the relatively low share of innovative enterprises, Bulgaria is the EU country with the highest annual growth in budget spending on innovative activity - about 30%, while countries like Luxembourg and Iceland have around 2%, but are still the top ten innovative countries in the community.

According to the National Statistical Institute (NSI), the total costs for innovative activity in Bulgaria in 2017 amounted to nearly BGN 760 million, of which 530 million were earmarked for the business activity of enterprises, another 170 million for the state sector , about 43 million leva - for higher education, etc. Of these R & D budgets, the largest part was allocated to the Southwest region of the country - nearly BGN 530 million, and at least to Northwest Bulgaria - nearly BGN 30 million.

The most innovative technologies have been used in the manufacturing industry, with 180 million BGN allocated to this sector. A further BGN 170 million was for businesses in the field of communications or collection and dissemination of information - BGN 170 million.
 
The highest percentage of innovative enterprises compared to the total share of enterprises is registered in Belgium and Portugal - 68%, respectively, Eurostat. Other countries with highly developed technology enterprises are Finland, Luxembourg and Germany - 64%, Austria, the Netherlands and the UK - with 60% share of high-tech enterprises and others. At the bottom of this list are Romania - 10%, Poland - 22%, Bulgaria - 27%, Hungary - 29%, Latvia, Lithuania and Malta - with a 30% share of innovative enterprises.

In total, in the EU in 2017, there were over 46 000 high-tech enterprises, distributed in several key categories - aerospace, electronics and communications, computer technology, military industry, etc.

Germany's high-tech production turnover amounted to 121 billion euros, with France's turnover of 68 billion euros and 44 billion euros in Italy. Value added was distributed in a similar way, with Germany's highest participation of € 43 billion, followed by France and the United Kingdom - € 20 billion and € 17 billion, respectively.
EU spending on high-tech productions amounts to nearly EUR 200 billion, with the highest share in the countries in the UK - EUR 14 billion, Germany - EUR 12 billion, and the lowest in Cyprus - only EUR 4 million .

Investments in research, development, innovation and skills are a key area of ​​EU policy as it is essential for economic growth and are key factors in boosting competitiveness and creating more efficient and well-paid jobs in the community, takes the analysis.

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