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Scientific research and development, Industry Analysis, Bulgaria, 2016

The Scientific research and development industry in Bulgaria was represented by 456 companies at the end of 2016, compared to 406 in the previous year and 370 in 2014.

The industry's net profit amounted to BGN 72,882,000 in 2016.

The industry's total revenue was BGN 312,763,000 in 2016, down by 42.29% compared to the previous year.

The combined costs of the companies in the Scientific research and development industry reached BGN 230,968,000 in 2016, down by 44.49% year-on-year.

The industry's total revenue makes up 0.37% to the country's Gross domestic product (GDP) in 2016, compared to 0.67% for 2015 and 0.58% in 2014.

A total of 2,819 people were employed in the Scientific research and development industry in 2016, compared to 2,977 in 2015 and 2,702 in 2014.

Most of the companies in the industry are based in Sofia, followed by Plovdiv and Varna.

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