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R&D Expenses on the Rise

Business › Economy ♦ Published: October 24, 2011; 15:19 ♦ (Vindobona)

The largest Austrian Enterprises increased their budgets for research & development by 9.6% on average. This is slightly beyond the global average (9.3%).

R&D Expenses on the Rise / Picture: © Vindobona.org

Regarding the size of companies R&D budgets, only four Austrian companies are listed among a global list of 1000 companies. The steel producer voestalpine is ranked on number 539, the R&D volume amounts to € 144m. The pharmaceutical company Intercell, which is on rank number 723 has a R&D budget of € 99m. The engineering and construction group Andritz is on rank number…

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