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Hungary R+D spending climbs 8% to HUF 266bn in 2008

Spending on research and development in Hungary rose 8.4% to HUF 266.4 billion in 2008, the National Development and Economy Ministry said on Friday, citing fresh data from the Central Statistical Office (KSH).

The increase was well over the 3% rise in 2007, but under rises of almost 15% in both 2005 and 2006.

R+D spending reached 1% of GDP in 2008, as it has done only three times in the past 15 years: in 1993, 2002 and 2006.

The proportion of R+D spending by companies rose to 48.3% in 2008 from about 44% in 2007.

The number of people employed in Hungary in the area of R+D rose 1.6% to about 50,300, or 1.3% of the employed workforce. The number of R+D staff at companies rose 6.9% over 14,000 to account for 27.9% of all R+D staff, up from 26.5% in 2007. The proportion of R+D staff at research institutes fell, while the proportion at universities was hardly changed.

Some HUF 170 billion in R+D grant money is available to companies, universities and R+D institutes this year. Next year, some HUF 180 billion will be available. (MTI-Econews)