Stagnation of R&D in Finland

17.09.2003
For the second successive year Finnish industry‘s investments in R&D stagnates. The companies move more research abroad, reports Research Nordic. In 2001 Finnish industry spent 4,8 billion Euro on R&D, whereas in 2002, the amount was 4,9 billion. The amount for 2003 will be identical.
For the second successive year Finnish industry‘s investments in R&D stagnates. The companies move more research abroad, reports Research Nordic.

In 2001 Finnish industry spent 4,8 billion Euro on R&D, whereas in 2002, the amount was 4,9 billion. The amount for 2003 will be identical according to a survey of companies‘ intentions carried out among 374 Finnish companies.

-The companies have tried to cut expenditure these past years, first by fixating investments, then by making employees redundant. Now it has come to R&D, says Pekka Tsupari of the Finnish confederation of industry and employers.

Tsupari thinks Government needs to take action in order to stop the companies from moving their R&D abroad, for instance through competitive taxation.
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