Russian Economy Heads towards Innovation

According to the Bloomberg L.P. company Russia is ranked at position 12 under the 50 leading innovative economies 2016 world wide. Bloomberg L.P. is a privately held financial software, data, and media company headquartered in Midtown Manhattan, New York City. The Bloomberg Innovation Index is an annual ranking of how innovative countries are. It is based on six criteria: research and development, manufacturing, high-tech companies, post-secondary education, research personnel, and patents.Bloomberg uses data from the World Bank, the International Monetary Fund, the World Intellectual Property Organization, the United States Patent and Trademark Office, the OECD and UNESCO to compile the ranking.

Bloomberg Innovation Index 2016