Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

President Radev: We need a new model of financing innovations

Rumen Radev
Photo: archive

At the annual Innovations BG forum, President Rumen Radev called for a new model of financing of innovations, especially at SMEs.

“Bulgaria is in 37th position in the Global Innovation Index 2020. This is a marked improvement on 2012, whereas in development of the digital infrastructure the country is among the fastest developing business hubs in Europe,” President Radev said.

“But the country is still being placed among the “timid innovators” of Europe. Even though the planned national expenditure for research and development is 1.5% of the GDP, in 2019 it amounted to only 0.84%, whereas inthe EU countries it is over 3% of the GDP,”President Radev said.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The tourism sector in Bulgaria is ready to work with the common European currency

Tourism is one of the sectors in Bulgaria ready to the greatest extent to smoothly continue working after Bulgaria joins the Еurozone , the executive director of the National Tourism Board, Dr. Polina Karastoyanova, believes. In tourism, and at this..

published on 3/26/25 2:10 PM
President Rumen Radev and the Ambassador of Japan to Bulgaria H.E. Hisashi Michigami

Bulgaria and Japan keen on developing strategic economic partnership

Bulgaria can be a strategic partner of Japan for the region of Eastern and Central Europe. This was stated by   Bulgarian President Rumen Radev as he welcomed the participants in the business breakfast organized by the Japan-Bulgaria Business..

published on 3/24/25 11:37 AM

Black Sea real estate up 20%

Property prices on the Black Sea coast have risen by 20%, Nova TV reported, citing major real estate agencies in the Burgas region. Most of the buyers are from Bulgaria and are looking to buy large apartments as an investment, mainly for holiday use...

published on 3/23/25 5:32 PM