Greece celebrates R&D progress

Greek spending on R&D reached a national high of 0.96 per cent of GDP in 2015, the country’s ministry for research and technology has said.

In a statement on 7 November, the Greek General Secretariat for Research and Technology said that reaching the record spending during a “difficult economic situation” was a sign that the government is trying to strengthen its research and innovation performance.

The announcement follows a decision taken by the board of directors of the European Stability Mechanism on 25 October to approve a €2.8-billion loan to Greece from Eurogroup member states as part of a ‘third economic adjustment programme’ for the country.