Bulgaria’s R&D Spending Up but Still Way Below EU Average

Business | June 30, 2015, Tuesday // 14:34| Views: | Comments: 0
Bulgaria: Bulgaria’s R&D Spending Up but Still Way Below  EU Average Bulgaria's National Statistical Institute, photo by BGNES

In 2014 Bulgaria’s spending on research and development stood at BGN 206.6 M, up by 3.1% from 2013, according to the National Statistical Institute (NSI).

The increase in absolute terms in R&D expenditure on an annual basis did not affect its relative share of the GDP.

In 2014 Bulgaria’s R&D expenditure amounted to 0.25% of the GDP, staying unchanged from 2012 and 2013.

Bulgaria lags behind the EU average R&D intensity (R&D expenditure as % of GDP) of 0.68%, according to data for 2013.

The structure of R&D expenditure has undergone negligible changes, with basic research having the largest share (52.7%).

Basic research primarily involves research conducted by the Bulgarian Academy of Sciences and the universities in the country.

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Tags: National Statistical Institute, NSI, research and development
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