Investments in Research and Innovation in Greece have remained stagnant at 0.58 percent of GDP in the last decade, according to the results of the European Commission's annual report on competitiveness publicised in Brussels on Thursday.
According to the Commission, this stagnation is due to the fact that the already limited private investments in research and innovation decreased (from 0.19 percent to 0.16 percent of GDP), despite the fact that public investments increased from 0.39 percent to 0.42 percent.
In general, the Commission stresses that investments in research were visibly lower than the high GDP increase rates that Greece experienced over the 2000-2006 period, ranking Greece in the group of countries with "moderate" performances in research and innovation, that range below the EU average.