ARC FUND / Publications / 2022 2022

The report provides an annual assessment of the innovation potential of the Bulgarian economy and the state and development opportunities of the Bulgarian innovation system. It contains recommendations for improving public policy on innovation in Bulgaria and in the EU, drawing on the latest theoretical and empirical research and taking into account the specific economic, political, cultural and institutional framework in which the country’s innovation system develops.

The 2022 report notes that in 2022, the EU will have the highest innovation performance in the world. Bulgaria is once again ranked second to last among the Member States, ahead of only Ukraine, Bosnia and Herzegovina and Albania. The country’s innovation performance is weaker than that of a number of candidate countries that do not have access to EU structural funding, which Bulgaria mainly relies on to finance its science and innovation policy.

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