Slovakia: R&D Spendings Low But Increasing

BusinessEconomy ♦ Published: April 22, 2013; 18:42 ♦ (Vindobona)

Compared with other countries, Slovakia’s R&D spendings are little but slowly and steadily they are increasing. Among the countries with the highest growth rates of R&D spendings, Slovakia ranks 5th.

Slovakia: R&D Spendings Low But Increasing / Picture: ©

According to a survey carried out by UniCredit Bank on April 21, the country invests only few assets in Research and Development.

“Even though Slovakia has been significantly falling behind the EU average in the intensity of research and development, it has been reporting one of the highest levels of growth in this sphere over recent years,” reads the survey.