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Slovenia leads SEE countries in knowledge economy - EBRD

Author Radomir Ralev
Slovenia leads SEE countries in knowledge economy - EBRD Source: EBRD

LJUBLJANA (Slovenia), March 25 (SeeNews) - Slovenia is the leader in Southeast Europe in a new Knowledge Economy (KE) Index launched by the European Bank for Reconstruction and Development (EBRD), the bank said on Monday.

Slovenia ranked second in the annual index, with a score of 6.65 points from a maximum 10 in the ranking, measuring the performance of the 38 economies where the bank invests, alongside the economies of eight frontier innovators, including the U.S., Germany and Japan, the EBRD said in a statement.

Serbia made the greatest progress among SEE countries between 2011 and 2018 and ranked 13th among the EBRD economies.

The new data on how individual countries are progressing in their skills development, technology and infrastruture needed to deliver innovative economies, will provide important guidance to both policymakers and investors, the EBRD said.

The Index is part of the EBRD’s new approach to measure countries’ progress according to six qualities of a sustainable market economy: competitive, resilient, green, integrated, well-governed and inclusive. The ranking has 38 indicators and is based on four pillars -- Institutions for innovation; General skills and specialised skills for innovation; Inputs and outputs of the innovation system; and Information communication technology (ICT) infrastructure.

Details about the ranking of countries in SEE in the EBRD Knowledge Economy Index 2019 follow:

  Total score Ranking
Albania 4.36 25
Bosnia and Herzegovina 4.10 29
Bulgaria 5.18 12
Croatia 5.62 7
Kosovo 3.22 35
Moldova 4.33 26
Montenegro 5.04 14
North Macedonia 4.50 22
Romania 5.01 15
Serbia 5.13 13
Slovenia 6.65 2