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Croatia ranked 42nd in global innovation report

ZAGREB, July 7 (Hina) - Switzerland retained the leading position in terms of innovation while Croatia was ranked 42nd in the World Intellectual Property Organization's (WIPO) 2012 global innovation report, which covers 141 countries.

Croatia was ranked 42nd with 40.7 points and included among the high income countries. Croatia moved up two places from last year's report, which covered 125 countries.

In the European region, Croatia was ranked 26th.

Croatia scored the highest ranking in the infrastructure innovation area, 36th, followed by institutions, 41st, while faring worst in market sophistication, which includes credit, investment, trade and competition, ranking 77th.

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