Hungary has been placed 31st in the latest global innovation list compiled by the World Intellectual Property Organisation (WIPO).
From among the Visegrad countries, Hungary only trails 27th-placed Czech Republic on the 141-nation list while Slovakia was ranked 40th and Poland 44th.
The list is topped by Switzerland, ahead of Sweden, Singapore, Finland and Britain while Sudan is placed bottom. The WIPO analysts assessed the nations by their political, regulatory and business environment, human resources, education and the infrastructure.
Along with Bulgaria and Slovenia, Hungary belongs to the Eastern European nations where R+D corporate expenditures kept increasing even amidst the global economic and financial crisis, the UN specialized agency said.
