30.May .2022 13:00

Only 6.4% Of Enterprises Introduced Improved Service Last Year - Geostat

Only 6.4% Of Enterprises Introduced Improved Service Last Year - Geostat
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In 2021, only 6.4% of enterprises introduced new or significantly improved goods on the market, while share of enterprises, that introduced new or significantly improved service during this period, was 5.4%, - show the preliminary data from the National Statistics Office of Georgia (Geostat).

According to the report, innovations of goods and services in most cases were originally developed by the enterprises (accordingly 68.7% and 73.5%). In other cases they received support from other enterprises or institutions. 60.6% of implemented innovations were new to enterprises, while 39.4% were new to market.

Innovations of business processes in most cases were originally developed by the enterprises, accordingly 79.7 percent. In other cases 20.6% were developed with other enterprises or organisations, 18.9% were developed by enterprises by adapting or modifying processes originally developed by other enterprises or organisations and 17.6% by other enterprises or organisations.

According to economic activity strategies, focusing on high quality was rated as high degree of importance by 43% of enterprises, while 32.3% of enterprises rated focusing on improving existing goods / services as high degree of importance.

According to business environment, the main challenge was price increases in goods and services, which leads to the loss of customers.

As survey results, 0.9% of enterprises purchased or licensed-in patents, of which 57.7% was purchased from private business enterprises or individuals.

According to consequences of climate change, increasing costs or input prices resulting from climate change was rated as high degree of importance by 41.5% of enterprises.