Nokia Denmark increases investment in R&D  

2004.05.26
The annual report from Nokia Denmark shows that the Finnish mobile phone giant invested DKK 1.36 billion in R&D, up 5% on last year

The annual report from Nokia Denmark based in Copenhagen shows that the Finnish mobile phone giant invested DKK 1.36 billion (USD 217 million) in R&D, a 5% growth compared to last year. The Danish division employed 118 more people in R&D during 2003, bringing the total number of research and development staff in Nokia Denmark to over 1,000.

 

According to teleanalyst John Strand, Nokia has placed one of its largest development divisions in Copenhagen because it is easier for them to attract international staff to Denmark than to Finland. The advantageous Danish taxation rates for foreign experts also helps make Denmark an attractive development country. The news is reported by Computerworld online.

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