Hungary has been ranked 22nd among the 27 EU members in terms of innovation in a survey by the European Commission.
“Hungary is in the group of ‘moderate innovators’ with an innovation performance well below the EU27 average but a rate of improvement above that of the EU27,” the Commission said in a statement for the release of the European Innovation Scoreboard 2009 (EIS), a ranking compiled each year since 2001.
Hungary is relatively strong, compared to its average performance, in the economic success of innovation in employment, exports and sales, but it is weak in the areas of intellectual property rights (IPR) generated in the innovation process and balance of payments from technology, as well as in terms of the number of firms that have introduced innovations onto the market or within their organisations, covering technological and non-technological innovations, the Commission said.
Over the past five years, the availability of financing for innovation projects and the support of governments for innovation activities has narrowed, and the number of companies introducing innovations has dropped, particularly because of a big fall in venture capital, according to the survey.
This country doesn’t currently want “new” ideas or new business, so this shouldn’t bother the current regime. If it wanted to foster industry, it would have sensible tax regimes rather than concepts such as taxing entrepreneurs on hypothetical income that they don’t make; and it would not “tax” people on the money they get from VCs to fund their ideas; nor would it happily set the cost of working capital to be triple what it is outside the country.
That the country isn’t last is a surprise.
Yeah well if we for a brief sec go back to beats and look at the
great new music festival with headliners like Deep Purple (!), Kool
& the Gang(!), Blood Sweat and Tears(!)…. or turn to the weird
choice of acts for the Pecs cultural crap capital, its not really
amazing… Why dont these people stop whining about 56 and just
get on…
Deep Purple are circa 1956< Richie Blackmore is a great guitarist, though!
70s funk I once liked but now have my reservations.
Plenty of money to be made in retrospective music
becuase Rap is, well, er, KRAP!
Hungary is a dichotomy of past and present. No harm in that. I have watched some dreadful programmes broadcast from Budapest Television. Old wrinklies warbling out of sync to pre-recorded tapes. The music is usually round-the-piano ballad music from Victorian times…unfit for human consumption.
Feeling ill now. Got to go and pay a stack of bills at posta.