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R+D SPENDING UP 27% IN 2018

 

Spending on research and development in Hungary came to more than 654 billion forints (EUR 2bn) in 2018, up 27% in current prices from a year earlier, a summary of data published by the Central Statistical Office (KSH) shows. State financing jumped 28.3% to 211 billion forints and accounted for 32.3% of total R+D funding compared to 31.8% a year earlier. Businesses again played a big role in funding research and development. The business sector spent more than 342 billion forints on R+D in 2018, up 25.7% from a year earlier. It accounted for 52.3% of total R+D funding compared to 52.7% a year earlier, KSH said. Foreign resources came close to 97 billion forints last year, up 25.9% from 2017. The share of foreign resources was unchanged at 14.8%. Around 79% of foreign funds came from companies. In 2018, a total of 113 billion forints was spent on investments related to R+D projects and 536 billion forints went towards covering R+D costs.