HRK 2.34 bln spent for research and development in 2014

In 2014, HRK 2.34 billion was spent for research and development, which is 0.71% of Croatia's GDP, show figures from the national statistical office (DZS).

More than two-thirds of budget funds for research and development, or 67.6%, were intended for the sector of higher education, followed by the state sector, with a 26.4% share.

Broken down by social-economic objectives, most budget funds were spent for the general advancement of knowledge, namely research and development financed from university funds, and they amounted to 1.47 billion kuna or 62.8% of the money spent.

For research and development financed from sources other than university funds, HRK 660 million was spent, or 28.2% of total funds.

Under the 2015 budget, research and development is to be financed with 2.77 billion kuna, of which 52% is expected to be invested in the general advancement of knowledge, namely research and development financed from university funds.

Last update: Tue, 29/12/2015 - 12:01

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