Investment keeps Latvia competitive

  • 2013-01-23
  • From wire reports
RIGA - If Latvian companies had not been introducing new technologies, they would have been non-competitive on the global market already a long time ago, said Latvian Association of Mechanical Engineering and Metalworking Industries President Vilnis Rantins in an interview with Metalworking and mechanical engineering companies invest more than 100 million lats (142.8 million euros) in production development and new technologies every year; therefore, it is wrong to say that there are few innovations in Latvia, he adds.According to the latest Eurostat data, innovations wer...
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