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Cyprus News Agency: News in English, 10-08-26

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] CYPRUS - SCIENTIFIC RESEARCH

  • [01] CYPRUS - SCIENTIFIC RESEARCH

    Total scientific research and experimental development (R & D) in Cyprus in 2008 is estimated at 73,4 mn euro which corresponds to 0,43% of the Gross Domestic Product (GDP), compared to 70,1 mn or 0,44% of the GDP in 2007 and 61,4 mn or 0,43% in 2006, on the basis of the results of the ad hoc survey carried out by the Statistical Service

    Despite the increase of 4,7% observed in R & D expenditure in 2008 relative to 2007, the share of the GDP of Cyprus devoted to R & D activities continues to be low compared to other countries. For example, the share of R & D expenditure to the GDP of the European Union member states stands at 1,9% on average (ranging from 0,43% in Cyprus, 0,47% in the Slovak Republic and 0,49% in Bulgaria to 3,73% in Finland and 3,75% in Sweden).

    By sector of performance, the higher education institutions accounted for 32,1 mn or 43,7% of total R & D expenditure, the government for 16,8 mn or 22,9%, the business enterprises for 16,7 mn or 22,8% and the private non-profit institutions for 7,8 mn or 10,6%. In the business enterprise sector, computer and related activities constituted the principal source of R & D activity, with a total R & D expenditure of 6,7 mn, while of particular importance was also the contribution of the manufacturing industry (and particularly the manufacturers of chemicals and chemical products) with 5,9 mn.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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