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Slovenia Business Week no. 50: Krka, Gorenje Among Top 700 R&D Companies in Europe

Drug maker Krka and home appliance group Gorenje are among the top-700 European companies in terms of funds spent on research and development in 2005

Drug maker Krka and home appliance group Gorenje are among the top-700 European companies in terms of funds spent on research and development in 2005.

Krka, which spent EUR 35m in 2005 for R&D, is ranked 242nd in Europe. Meanwhile, Gorenje is 685th, spending EUR 5m for research and development.

According to the European Commission, the top 700 European spenders on R&D invested a combined EUR 102bn for the purpose.

This is well short of the top 700 global spenders on R&D, which invested EUR 212bn.

The data is reason for concern, European Commissioner for Science and Research, Slovenia's Janez Potocnik, said on Friday, 9 December in Brussels.

According to him, growth in R&D spending among the top 700 investors in Europe stood at a mere 0.7%; global growth was nearly 7%.

Moreover, Potocnik stressed that EU spending on R&D slipped from 1.92% to 1.9% of GDP in 2005. Europe therefore still trails well behind Japan (3.15% of GDP) and the US (2.59%) in this field.

Source: Slovene Press Agency STA

Author: STA