R&D investment to double
This estimate was given by Deputy Minister for Economic Development Andrei Klepach, according to RIA Novosti. He was reported to say that Russian companies will increase R&D investments to make 0,6-0,8% GDP by 2015.
‘And these are not just plans to increase investment, because no one needs investment in sake of investment, but really interesting projects to be implemented by corporations’, said Andrei Klepach. Today Russian companies invest 0,3-0,4% GDP in R&D. Deputy Minister emphasised the fact that this figure is significantly lower than similar figures in China or any European country.
General R&D investment index that includes not only private companies in Russia is 1,03% GDP, according to Organization for Economic Cooperation and Development, compared to an average of 2,22% in all other countries.
