Hungary spends little on R&D in international comparison
Hungary, and especially Hungarian businesses, spend little on research and development in international comparison, according to a study by economic research company GKI with the support of Microsoft Hungary.
Vértes also pointed out that productivity has played a far bigger role in the growth of GDP per employee than the increase in the number of employees or the number of working hours. Still, several big Hungarian industries, such as the food and chemicals sectors, as well as the farming sector and the public services sector are far from efficient. GKI will soon prepare a competitiveness index which is more objective than that made by the World Economic Forum, Vértes said. Hungary will be between 30th and 35th place on the list, however, its position is threatened by the inefficiency of the state sector. Vértes said Hungarians' purchasing power measured at parity increased from 45% to 57% of the average in the EU-15 between 1996 and 2005.
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