Ex-Economy Minister: Bulgaria Unlikely to Enter Eurozone in Early 2025
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
In 2016, the government budget allocations for R&D (Research and Development) amounted to BGN 187.5M and decreased by 11.8% compared to 2015. The share of government budget allocations for R&D from gross domestic product (GDP) is also decreasing, according to the data of NSI. In 2016, they represent 0.2% of GDP, at 0.24% in 2015. The average value of this indicator for the European Union (EU-28) is 0.65% in 2015.
The structure of government budget allocations for R&D by socio-economic objectives varied slightly from the previous 2015. The largest share (47.2%) of state support for research aimed at ‘General advancement of knowledge’, which mainly includes the research realized by the Bulgarian Academy of Sciences and by universities. This socio-economic objective is essential too for the European Union in 2015, with a share of 51.7%.
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