JPost: Multinationals decreased Israeli R&D spending during crisis
Published on Aug 09 2012 // Business and Financial News, Economy
08/08/2012 23:23–Israeli subsidiaries of multinational corporations drastically reduced research and development (R&D) spending in the middle of the global financial crisis, the Central Bureau of Statistics revealed Wednesday.
The Israeli foreign-controlled affiliates, including the local branches of Intel, Microsoft and IBM, spent $4.7 billion dollars on R&D activities in 2009, an 8 percent decrease from the previous year, but 36% increase from 2006. They contributed 62% of the Israeli business sector’s total R&D expenditure in 2009.
R&D data is published with a lag as the CBS gives companies time to complete their financial reports before surveying them…Read More>>
