Greece’s R&D expenditure appears to have hit a “historic” high in 2017, the government has said, in a positive sign for the country’s recovery from a lengthy and damaging recession.
Spending on R&D in Greece increased by €279 million between 2016 and 2017, according to preliminary data from the National Documentation Centre, a government agency. This means that spending would have exceeded €2 billion for the first time ever last year, the government announced on 1 November.
Industry spending totalled €991m, the government said, adding that this “reflects the confidence that the private sector shows in the economic prospects” for the country.
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