Hungary ranks 33rd in the Global Innovation Index (GII) 2016, having advanced two places compared to the 2015 GII, a report by the World Intellectual Property Organisation, a specialised agency of the United Nations, showed on Wednesday.

A new fire engine – or as it is called by professionals: vehicle sprinkler –, developed by Hungarian engineers, was presented at the 9th district fire deprtment in Budapest. The Heros Aquadux X 1500 fire engine is based on Renault chassis.

The Hungarian government will do everything in its power to help Hungary turn into not only a production but an innovation centre, Minister for National Economy Mihály Varga said at the general assembly of the Hungarian Association for Innovation.

Carl Zeiss has been revolutionizing the eyeglass market since April 1, 1912 when it introduced PUNKTALŸ, the first precision eyeglass lens. The German company’s lens plant can be found in Mátészalka, Northeast Hungary.

Sunshine Garage requires little ground space but offers unrivalled technical safety and speed as well as safety of valuables - in congested cities or as a P+R facility. Also, it offers the quickest return on investment in the non-residential sector.

ArchiCAD, a 3D architectural design software revolutionized architectural planning all over the world. As one of Hungary’s most important innovations, it has reaped great successes of all kinds for its inventor: rewards, recognition, profit.

For innovation social trust is needed and in Hungary, especially in a wider European context, it is much harder as this country faces dual challenges - says professor Elemér Hankiss, the founder of the Invent Hungary Again! movement.

Innovation could be considered from the talent side. How much do we know about the specific needs of the talented, gifted people who have a great variety of endowments? We asked prof. Péter Csermely, the Head of the Hungarian Genius Program.

‘Recovery from this recession is dependent on innovation. The time to invest is now’ - said the EU Commissioner for Innovation, and yet, looking at Hungary's place at SII, it is obvious that there is a great room for development.

Hungary should adopt a unified bidding system for R & D if financing is to be tapped effectively, József Pálinkás, Chairman of the Hungarian Academy of Sciences, told a innovation conference in Budapest's ELTE University on Wednesday.