The European Union increased its research and development spending in 2024, while Cyprus remained among the weakest performers, according to new figures released by Eurostat.
The EU’s total R&D expenditure reached €403.1 billion in 2024, rising from €389.2 billion in 2023, an increase of 3.6 per cent that continued a decade of steady expansion.
In 2014, spending stood at €248.6 billion, meaning the bloc has lifted its investment by 62.2
