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Annual Report Innovation.bg 2023

The Innovation.bg 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.

Bulgaria registered the most serious improvement of its innovation performance on a one-year basis within the EU27 – nearly 14%, followed by the Czech Republic (11%) and Poland (8%). However, the higher values of the country’s innovation index in the last year were not enough to help it catch up with the EU average. Bulgaria remains in the group of emerging innovators in penultimate place (before Romania) at a level of 46.7% compared to the EU27 average and even below the average performance of the group (54% compared to the EU27).

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