innovation

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Hungary’s big increase in funds for research and innovation

May 17, 2016 - Zoltán Kovács

Research and innovation are key factors in many countries’ strategy to boost economic growth, add value to their economies and attract more foreign direct investment (FDI). Hungary has long recognized the importance of its research and development (R&D) sector and, as announced by Prime Minister Viktor Orbán in his speech at the Hungarian Academy of Science, is planning to invest some 1.2 billion HUF (3.8 billion EUR) for R&D until 2020.