(GoodNewsFinland) Despite the poor economic outlook, Finland is making substantial investments in science and research. The R&D expenditure of Finnish companies, universities and the public sector totalled more than EUR 7 billion last year. After Israel, that is the highest amount spent by an OECD country in relation to GDP.
According to a recent study by Statistics Finland, 2.6 per cent growth was recorded in R&D expenditure since last year. The figure represents a total of EUR 192 million. Expenditure for this year is expected to drop by around EUR 70–100 million. Spending by the public sector, however, may even grow.
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