Compared to the previous year, in 2014 the volume of R&D expenditures in Hungary was up by 5 percent, to HUF 441bn within the national economy. Although as a result of robust GDP growth the share of R&D expenditures as percentage of GDP edged down from 1.41 percent in 2013 to 1.38 percent, data signal that Hungary is set to meet the projected R&D growth target assumed in the Europe 2020 strategy and maintain its favourable position within the Visegrad Four. It has to be noted that the role of enterprises has gained weight as the positive trends concerning R&D spending and financing persisted: these indicators have reached 72 and 48 percent, respectively.

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(Ministry for National Economy)