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According to the Economist Intelligence Unit (EIU), multinationals have been the key driver of Central European business innovation in recent years. While this innovation has brought benefits, it has not helped local companies, nor has it prepared the region for the challenges ahead.

In fact, a dependence on multinational innovation has left Central Europe’s economies vulnerable, according the EIU report entitled ‘A Time For New Ideas: Innovation in Central Europe‘, sponsored by Oracle Corporation. While a handful of local SMEs have managed to innovate, the region faces a shortage of talent and a lack of support for innovation among local governments.

Continue reading ‘EIU: Multinational innovation in CEE is not enough’