The number of researchers grows fastest in Hungary in the EU!
The number of people in Hungary carrying out R and D has doubled in just over a decade, the fastest growth in the European Union, according to a Eurostat report.
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Last year, 42,000 people were employed in R and D, the report published in business daily Világgazdaság said on Wednesday.
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Spending on R and D in the country has also risen steeply,
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accounting for 1.6 percent of GDP last year as against 1.13 percent in 2010.
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Hungary is now spending proportionally more than countries such as Spain and Italy. This is largely thanks to the presence of an increasing number of companies, including foreign-owned R and D centres, in manufacturing. Spending tripled to 589 billion forints last year compared with 185 billion in 2010.
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Accordingly, in-house research has grown 1.5 times in a decade, leaving universities and public research institutes well behind in their wake, the paper added.
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Source: MTI
R & D is the best economical investment. Well done.