'NAIK Research Institute of Agricultural Economics'
Abstract
The influences from the environment mostly triggered by the crisis situations,
caused by the COVID-19 pandemic and the ongoing armed conflict, have
caused some changes in the structure of all industrial sectors, putting considerable pressure on agricultural and food companies worldwide. Moreover,
the growing need for agricultural and a food product increases the need for
the accelerated development of this sector, which cannot be achieved unless
innovative technologies and solutions are introduced.
The indicators of the innovation activities in Serbia for the period from 2018 to
2020 suggest that the innovations in this sector were at the lowest level, which
determined the subject of the research of this paper. Applying the methodology
of EUROSTAT and the OECD, the authors analyse the innovation potential of
the companies operating in the agricultural sector. The aim of the paper is to
emphasise the importance of these innovations in overcoming the problems
faced by the agricultural sector in Serbia, as well as to highlight their impact
on the growth of the productivity and competitiveness of the sector.
In accordance with the findings, the recommendations for decision-makers will
be presented and possible directions for a further research will be recommended
