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R&D spending to reach zł.35.6 billion in 2020

23rd December 2013
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KPMG predicts that companies' R&D spending will grow threefold between 2012-2020

Poland's goal in the Europa 2020 growth strategy is to increase the outlays to 1.7 percent in 2020.
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Total outlays on research and development in Poland with grow from zł.14.4 billion in 2012 to zł.35.6 billion (or 1.6 percent of the GDP) in 2020, according to a report by advisory firm KPMG.

Poland's goal in the Europa 2020 growth strategy is to increase the outlays to 1.7 percent in 2020.

“It is good that funding for R&D in Poland is systematically rising, but in the future if we want to globally compete with our technology, 1.7 percent of GDP should be an absolute minimum,” said the Director of the Grants&Incentives group at KPMG Poland, Kiejstut Żagun, as cited in the report's press release.

KPMG's research shows that 57 percent of Polish medium-sized and large companies either carry out or commission research and development work.

This practice is more common in the industrial sector (65 percent) than in the trade and commerce sector (49 percent).

According to the consultancy's forecast, the R&D spending of businesses will grow by almost 14 percent annually.

KPMG predicts that companies' R&D spending will grow threefold between 2012-2020, from zł.5.3 bln to zł.15.6 bln, although a level of 0.8 percent of GDP (zł.17.8 bln) would be achieved in 2021 at the earliest, the report says.

Poland A.M.


From Warsaw Business Journal


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