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Few Polish firms plan to increase R&D spending

10th December 2013
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As reported by the consulting firm Deloitte, only 22 percent of Polish companies will invest more in research and development (R&D) in 2014. Meanwhile, 68 percent are planning to maintain current levels of spending and 8 percent of managers predict that the levels of investment into R&D will fall. 

 
Still, R&D funding could increase next year thanks to EU financial perspective for 2014-2020, which sees the innovation of Polish firms as a priority. The EU will invest €12.5 billion in firm innovation, through state and regional operational programs.
 
However, only 5 percent of Polish companies’ CEOs think that EU-funded research can contribute to increasing their firm’s innovativeness.
 
Polish companies have some of the lowest R&D spending in the EU. Out of the top 1,000 companies in terms of R&D spending, listed in the European Commission’s “EU Industrial R&D Investment Scoreboard,” only four firms were Polish. 
 
IT firm Asseco, with €16.1 million spent on R&D in 2012, was the highest-ranking Polish company (627th in the ranking), while lender Bank Ochrony Środowiska, with €14,8 million took 659th spot. Telecom Netia spent €7.4 million on R&D last year, which gave the firm 879th position in the ranking, while another IT firm, Comarch, came in 964th.
 
The top spot in the ranking went to Germany’s Volkswagen, with R&D budget of €9.5 billion in 2012.
 

From Warsaw Business Journal


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