Text size

Bulgaria invests only 0.7% of its GDP in science and innovation

published on 9/26/22 3:43 PM

Prof. Sasho Penov, caretaker minister of education and science

Photo: Council of Ministers

In total, investments in Bulgaria for science and innovation are 0.7% of GDP, while in the EU the average level is 2.2% of a country's GDP. This was announced by the caretaker Minister of Education and Science, Sasho Penov, during the presentation in Sofia of the"New European Innovation Programme with a budget of 10 billion euros.

In terms of the level of innovation, Bulgarian enterprises are below the average level for the EU, Penov said. He cited data from the National Statistical Institute, according to which only about 36% of enterprises in Bulgaria carry out innovative activities, BTA reported.

According to the minister, it is necessary for the Scientific Research Fund and the Innovation Fund organize their activities in such a way that it is possible for the scientific results to be transformed into innovations and hence to be the driving force of an innovation economy.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News education innovation Sasho Penov science

Gallery

More from category

PP-DB will vote for Speaker of the Parliament after a signature under their declaration

PP-DB will not support a candidate for Speaker of the 51st Parliament from any party that has not supported the coalition's declaration for a cordon sanitaire against Delyan Peevski. They pointed out that this was the only way to..

published on 11/29/24 4:22 PM

Trial of Bulgarians accused for spying for Russia continues in London

The trial of six Bulgarians accused of spying for Russia continues in the United Kingdom. The head of the "spy cell" Orlin Rusev and Biser Dzhambazov pleaded guilty. Three others - Katrin Ivanova, Vanya Gaberova and Tihomir..

published on 11/29/24 3:40 PM

Eighth failure of the parliament to elect speaker

Today's eighth attempt by the Bulgarian MPs to elect a speaker of the National Assembly also proved unsuccessful. At the beginning of the day, there was a ray of hope that this time the people's representatives would reach a..

published on 11/29/24 2:49 PM