Bulgaria's State Spending on R&D Up by 8.5% in 2009

Business | June 30, 2010, Wednesday // 14:19
Bulgaria: Bulgaria's State Spending on R&D Up by 8.5% in 2009 Bulgarian state spending on innovations and research has registered a minor increase. Photo by Monitor Daily

Bulgaria’s state spending on research and development in 2009 saw an 8.5% increase compared to its level from the previous year.

The Bulgarian government spend a total of BGN 230.4 M on research, development, and scientific activities, shows data of the National Statistical Institute released Wednesday.

This figure also includes money spent by the government on annual membership fees in international science and research organizations as well as on bilateral and multilateral R&D programs.

Thus, the total share of the government’s R&D spending as a percentage of the GDP is up from 0.32% in 2008 to 0.35% of the GDP.

Agriculture, forestry and fisheries attracted the largest share of Bulgarian government R&D spending in 2009 – 19.1%; education is second with 4.8%; transport, infrastructure and communications come in next with 3.4%. Industry, energy, and health attracted between 2% and 3% of state research spending. 10% went to university funds, while 51% went to “various institutions” for “general knowledge development,” shows the NSI data.

Bulgaria’s total R&D spending (public and private combined) is one of the lowest in the EU – 0.5% of the GDP. Members of the current Cabinet have set as a goal the gradual increase of this figure to 2% of the GDP in 2020, which is still lower than the 3% goal of the EU set in the EU 2020 Strategy.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: research and development, R&D, state spending, EU 2020
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria