Text size

Bulgaria invests only 0.7% of its GDP in science and innovation

published on 9/26/22 3:43 PM

Prof. Sasho Penov, caretaker minister of education and science

Photo: Council of Ministers

In total, investments in Bulgaria for science and innovation are 0.7% of GDP, while in the EU the average level is 2.2% of a country's GDP. This was announced by the caretaker Minister of Education and Science, Sasho Penov, during the presentation in Sofia of the"New European Innovation Programme with a budget of 10 billion euros.

In terms of the level of innovation, Bulgarian enterprises are below the average level for the EU, Penov said. He cited data from the National Statistical Institute, according to which only about 36% of enterprises in Bulgaria carry out innovative activities, BTA reported.

According to the minister, it is necessary for the Scientific Research Fund and the Innovation Fund organize their activities in such a way that it is possible for the scientific results to be transformed into innovations and hence to be the driving force of an innovation economy.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News education innovation Sasho Penov science

Gallery

More from category

Morning mist, sunny skies by day

On Wednesday at dawn, temperatures will range between 8 and 14°C , and up to 18°C along the Black Sea coast. In Sofia, it will be around 9°C. In the easternmost regions, low clouds are expected before noon, with morning mists possible in some low-lying..

published on 9/23/25 7:05 PM

Bulgaria's Minister of Defense Atanas Zapryanov

Bulgaria will join the drone wall along the EU’s eastern borders

Bulgaria will join the drone wall that the European Union plans to create soon along its eastern borders. Minister of Defense Atanas Zapryanov confirmed the news in Veliko Tarnovo, which was announced by the European Commission Spokesperson Thomas..

published on 9/23/25 5:57 PM

MFA is following the case of mobilised Bulgarian citizen in Ukraine

The Bulgarian Foreign Ministry is monitoring the case of Lyubomir Kirov, a dual Bulgarian-Ukrainian citizen who has reportedly been mobilised in Ukraine despite holding a disability certificate (TELK) for a serious arm impairment. The..

published on 9/23/25 5:48 PM