INNOVATION ECOSYSTEMS IN BLACK SEA COUNTRIES

SUMMARY

Amid rapid technological advancements and the widespread development of AI (specifically, the democratization of generative AI), coupled with the fraught geopolitical situation in the region, largely stemming from Russia’s ongoing war on Ukraine, it is imperative to understand the nuances of the innovation ecosystems of Black Sea countries.

Global Innovation Index (GII): Overall, Bulgaria and Türkiye demonstrate the strongest performance, with Türkiye showing the most improvement over the years.

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Policy and Management Consulting Group (PMCG) is development consulting company, specializing in policy advising, capacity building, social infrastructure development, and corporate management. PMCG is primarily working in the regions of Eastern Europe, the Caucasus, Central Asia, the Middle East and Africa, with bilateral and multilateral development institutions, such as: USAID, European Commission, World Bank, UNDP, ADB, JICA and others.