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R&D spending in Hungary reaches almost HUF 300bn in 2009

Spending on research and development in Hungary came to HUF 299.2 billion in 2009, up 12.3% from the previous year at current prices, but still just 1.15% of GDP, fresh data published by the Central Statistical Office (KSH) shows. More than 52,000 people are employed at about 2,900 R&D centers in Hungary. The number of people whose entire work was dedicated to R&D reached almost 30,000 in 2009, up 8.7% from 2008. R&D spending in the business sector rose 22% in 2009. Companies' own resources accounted for 46.4% of total spending on R&D, while central budget funding made up 42%, foreign funding 10.9% and funding from non-profit organizations 0.7%.