Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria Spends 11% More Money on R&D 2009
BULGARIA SPENDS 11% MORE MONEY ON R&D 2009
Date: 29/10/2010
Source: novinite.com
Bulgaria Spends 11% More Money on R&D 2009

A total of BGN 361.1 M have been spent on research and development in Bulgaria 2009, the National Statistical Institute (NSI) reports.

This means a 10.8% increase in Bulgaria's R&D spending in comparison to 2008.

R&D spending, calculated as a percentage of GDP, is one of the key criteria for the EU counties' progress on the Europe 2020 strategy. The long-term target is 3%.

In Bulgaria, money spent for research and development is 0.53% of the GDP, as estimated for 2009. This solidifies the consistent trend of increasing the spending since 2005 when it was 0.46%.

However, in 2008 Bulgaria still had the second lowest percentage of GDP (0,49%) spent on R&D of all 27 countries in EU – after Slovakia, which had 0.47%.

The largest share of money spent on R&D in Bulgaria– 66% (BGN 199.5 M) - goes for the Government sector, followed by the Enterprise sector with BGN 108.2 M. The Higher Education sector received BGN 50.2 M, which is a 4.4% increase year on year.

Bulgaria's R&D activities are financed by the state budget, the private business and by foreign investors, with the Government being the main investor with 60.5%.

A total of 18 230 people are currently employed in the Bulgarian R&D sector, which is a 5.9% increase in comparison to 2008, according to NSI.



Topic: Business



Featured District
PAZARDJIK DISTRICT AND CITY INFORMATIONPazardjik
Invest Bulgaria Charts
Tax Revenue of Bulgaria
Tax Revenue of Bulgaria

Gross Domestic Product of Bulgaria
Gross Domestic Product of Bulgaria

See all charts
Did You Know?
Cost of transportation in Bulgaria
Cost of transportation in Bulgaria
A ticket for the city bus and for the subway in Sofia costs about 30 Euro cents. ... More

Kardjali is located in the very heart of the eastern Rhodope mountain, along the two banks of the Arda river, 100 km southeast of Plovdiv. 6000 years-old remains of human life as well as ample examples of the presence of Thracian, Roman, Byzantine, late-Ottoman and Bulgarian culture have been found on the territory of the town.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members