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.
Â
Last year, 42,000 people were employed in R and D, the report published in business daily Világgazdaság said on Wednesday.
Â
Spending on R and D in the country has also risen steeply,
Â
accounting for 1.6 percent of GDP last year as against 1.13 percent in 2010.
Â
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.
Â
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.
Read alsoThe number of researchers grows fastest in Hungary in the EU!
Source: MTI
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Liszt Ferenc International Airport is in top form, says national economy ministry
Budapest mayor: City institutions ready to protect capital from flood
What happened today in Hungary? — 15 September, 2024
Attention: Flood alert disrupts international train services, trains between Budapest and Vienna cancelled
Book on Hungarian scout movement presented in Washington, D.C.
Budapest riverbanks to close on Monday evening, mayor warns of prolonged flood
1 Comment
R & D is the best economical investment. Well done.