Hungary R+D spending reaches 1.2% of GDP

Telco

Spending on research and development in Hungary reached 1.2% of GDP in 2011, the highest level since 1993, state secretary Zoltán Cséfalvay said at a conference organised by business daily Világgazdaság on Tuesday. Companies accounted for about two-thirds of the HUF 336 billion spent on R+D, Cséfalvay said. Final data is likely to show R+D spending was about the same or a little more in 2012, he added. At least HUF 400 billion of European Union funding available for the 2014-2020 budget period will go to R+D projects, Cséfalvay said.

ADVERTISEMENT

Polish companies confirm better access to financing in 2021 Analysis

Polish companies confirm better access to financing in 2021

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.