The annual appropriations in the state budget for Research & Development (R&D) amounted to 1,463.2 million euros in 2020, the highest amount from the period 2008-2020, according to official data published by the National Documentation Center.
In particular, in 2020, the state budget appropriations for R&D in Greece constitute 0.89% of GDP and now rank it in 3rd place in the EU. of 27, above the M.O. of Europe of 27 (0.67%) but also of the Eurozone (0.69%), as stated in a relevant announcement by the Ministry of Development.
Respectively, they constitute 1.48% of the total public expenditures and bring Greece to the 8th place in the Europe of 27, above the relevant M.O. Union (1.42%) and the Eurozone (1.46%).
“When Prime Minister Kyriakos Mitsotakis decided to transfer the then GSRT to the Ministry of Development, many were surprised. But it was a move that showed his personal interest and that of the whole government to bring research and technology to a new level, to a new reality in relation to the miserable past “, said the Minister of Development and Investments, Adonis Georgiadis and added:” I am extremely proud that 2.5 years later Greece has entered the map of investments in data centers, startups and hubs and that With the increase of the state budget appropriations, the state itself shows how much it wants to invest in research and technology.
This is the road to the Greece of the future, the road to a Greece that will produce well-paid new jobs and not only will not expel its children but will attract the best minds from abroad to Greece. ”
On his part, the Deputy Minister of Development and Investment, Mr. Christos Dimas, stated: “The allocation of a state credit for research and development is a precondition for strengthening a country’s competitiveness. The very large increase in state funding for research and development in 2020 is tangible proving that substantial support for research and innovation is our strategic priority. in that direction. ”
Source From: Capital
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