Research and Development Activity in 2011 (preliminary data)

In 2011 the total amount of the expenditure on research and development activity (R&D) was 429.6 million BGN or by 1.9% more in comparison with the previous year, as their growth compared to the previous years in absolute value had no impact on the R&D intensity (R&D expenditure as % of GDP) which is one of the key indicators for measuring progress of the European Union (EU) in achieving the targets of the new Europe 2020 strategy - a strategy for smart, sustainable and inclusive growth.

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