Germany ranked first in the Bloomberg Innovation Index 2020, while Korea ranked second and Singapore ranked third..
South Korea tops the list of the world’s most innovative countries for the past six years, until Germany overthrew it this year. According to Bloomberg News, one reason South Korea has lost the throne in innovation is its relative slowdown in productivity..
The Bloomberg Innovation Index was launched eight years ago to include 60 centers and is based on measuring rates of R&D spending, manufacturing capacity, the concentration of advanced technology in state-owned companies, and its economy’s ability to innovate..
ING Germany’s chief analyst Carsten Brzezsky believes Germany’s performance on such indicators “is still strong and much better than recent economic weakness might indicate,” as he described it..
However, Brzieski felt that there are several reasons why Germany should not be complacent with its ranking, as about a third of Germany’s R&D spending is devoted to the automotive industry, meaning that “any imbalance or weakness in the long term in this sector it can weigh on the strength of innovation “. .
And Singapore moved up to third this year from sixth last year due to its higher productivity, then Switzerland came in fourth, followed by Sweden in fifth and Israel in sixth..
While the United States fell to ninth from previous years, China, which has the second largest economy in the world, climbed to fifteenth, but came second in the patent business category, and was ranked among the big five in the category of higher education efficiency..
As for the Arab countries, the United Arab Emirates obtained the best ranking among the Arabs, ranking in forty-fourth, to get to Tunisia in fifty-second place, then to Saudi Arabia in fifty-third place and Qatar in fifty-fifth place..
Both Algeria and Egypt managed to enter the latter for the first time in their history: Algeria was ranked 49th, while Egypt took the 58th place..
DBA AJ (DPA)
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German companies… the legacy of the past makes a difference in the present
The Coatinc Company Holding GmbH
It was only recently that The Coatinc Company was known to be the oldest family business in Germany. Historians have come to this conclusion after examining the documents of the company, which was founded in 1502. At first the company was just a blacksmith in Siegen (located in North Rhine-Westphalia). The company’s headquarters are still located in the same city.
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German companies… the legacy of the past makes a difference in the present
William Prym Holding GmbH & Co. KG
The “Prym” company was founded in 1530, and until then it was thought to be the oldest family business in the country, but now it has to accept second place in the list of the oldest German companies. Initially, Prym focused on making sheets and threads, but in 1903 it switched to making sewing tools. The company currently employs around 3,330 people worldwide and generated profits of around 382 million euros in 2018.
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German companies… the legacy of the past makes a difference in the present
Wiegand-Glas GmbH
Wiegand-Glas was founded in 1570 from a modest glass manufacturing site. Although the glass industry has always been the focus of the company, in 1997 it decided to expand its activities to include plastic containers as well. The company’s sales in the last year (2018) were 486 million euros.
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German companies… the legacy of the past makes a difference in the present
Berenberg, Joh. Berenberg, Gossler & Co. KG
German banking companies have been active since the 16th century. Berenberg Bank, founded in Hamburg in 1590, is the second oldest bank in the world after the Italian “Monte di Bashi di Siena”.
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German companies… the legacy of the past makes a difference in the present
Merck KGaA
Founded in 1668 as a pharmacy in Darmstadt, Merck is the oldest pharmaceutical chemist in the world. This company is not to be confused with the American company, which has the same name and was part of the German company until 1917. Although the American company is now much larger, the German company Merck achieved sales of around 15 billion euros in 2018.
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German companies… the legacy of the past makes a difference in the present
Lukas Meindl GmbH & Co. KG
Meindl was founded in 1683 when Peter Mindl, one of the first shoe shops, opened in the state of Bavaria. Since then, successive generations have continued to operate successfully in this field. This family-owned German company offers a wide range of walking shoes through its stores across the country.
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German companies… the legacy of the past makes a difference in the present
Harry Bread GmbH
The simple bakery from 1688 near Hamburg was the origin of Harry’s large chain of bakeries. And the products of these workshops are highly valued in all parts of the country. Today this company employs around 4,375 people and the turnover in 2018 was around one billion euros.
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German companies… the legacy of the past makes a difference in the present
Villeroy & Boch AG
The “Villeroy & Boch” ceramic company was founded in 1748 by François Boch. The company was initially born with the production of porcelain utensils, but gradually expanded and became a pioneer in the field of production of some tools for the bathroom and recreation rooms and crockery. In 2018, the company achieved a turnover of 835 million euros.
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German companies… the legacy of the past makes a difference in the present
S. Siedle & Sons OHG
The company “Siedle”, known today for its modern communication technologies, was a foundry when it was founded in 1750. In 1887 the company switched to telephone services, to focus on modern communication systems in homes at the beginning of the 20th century. Last year the company managed to achieve sales It reached about 88 million euros. Prepared by: Catherine Delikhan / RM
