Zoltan Nagy

The European Union considers innovation, research and technology transfer to be the most important sphere of creating competitive advantage. Innovation is crucial in the enhancement of competitiveness and export capabilities of corporations. In the last decade, the most technology-intensive and innovation-oriented sectors were developing the most. Innovation – that means adaptation to the changing economic environment and to the challenges of the future – is considered to be the European Union’s motor for development. Thus, Hungary also aims at the establishment and successful operation of an innovation system, the more efficient utilization of European resources and the improvement of resource absorption capacities and innovation expenditures.