Business News

Drop in State Funding of R&D Recorded in 2013

Ljubljana, 30 September (STA) - Slovenia spent EUR 174.5m in state budget funds or 0.48% of GDP for research and development in 2013, which was an 8% decrease or EUR 15m less than the year before, show figures released on Tuesday by the Statistics Office.

The bulk of the funds, 84%, was spent on research and development in the state and higher education sector.

Technical and technological sciences received the highest share of the funding with 28% or EUR 49m. Natural sciences followed with 24% or EUR 43m.

Meanwhile, state funding earmarked for research and development in 2014 exceed the figure for 2013, standing at EUR 183m.

Slovenia moreover received EUR 92.7m for R&D from the EU, which means the total state investments amounted to EUR 267.2m or 0.74% of GDP in 2013. This figure is also EUR 54.6m lower than the year before.

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