Hungary R&D spending falls to HUF 427 bln in 2016
Spending on research and development in Hungary reached HUF 427.2 bln last year, falling 8.8% from the previous year, a summary of data by the Central Statistical Office (KSH) shows.
It was the first time in many years that R&D spending has dropped by annual comparison.
Businesses accounted for 56% of the spending, the state for 26% and foreign sources for 17%.
About 54,600 people worked in R&D in Hungary last year, including 38,900 researchers and 9,100 assistants.
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.