Business spending on R&D high in Hungary
The share of the business sector in total expenditures on research and development (R&D) is the second highest in Hungary among EU countries, according to figures released on Friday by Eurostat, the EUʼs statistics office.
The main sector in which R&D activities were carried out in 2016 was the business enterprise sector in all member states, far outstripping the government sector, the higher education sector and the private non-profit sector, national news agency MTI reported.
The highest share of R&D expenditure by the business sector was in Slovenia at 76%, followed by 74% in Hungary and 73% in Bulgaria.
Last year total R&D expenditures in Hungary reached EUR 1.372 billion, some 1.21% of GDP. In 2016, EU members altogether spent EUR 302 billion on R&D, equaling 2.03% of total GDP.
Recently leaders of 28 large multinational companies in Europe published a statement showing their full support to scale up ambition for the next flagship EU research and innovation funding program (FP9).
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.