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Oranjestad, December 7, 2012 - Despite the economic crisis, large European companies continue investing money in research & development (R&D). Companies made 8,9% more investments in 2011 compared to the previous year, according to information received on Thursday from the European Commission. Investments in 2010 were 6,1% more than 2009.

Globally, the increase in R&D investments was 7,6% more compared to the year before. American companies invested 9% more compared to European companies and the Japanese invested 1,7% less. In Europe, this growth was for the greater part due to the automotive industry, which invested a total of 16,2% more than the year before. Germany is the largest investor in Europe. The European list of the 1000 largest companies in the EU with the most investments in R&D, ranks Volkswagen and Daimler on the first and second position. Finland’s Nokia is ranked third.

There are 57 Dutch companies listed among them, of which the highest ranking Dutch company is EADS, ranking at number eleven. Philips and STMicroelectronics follow on the 21st and 22nd place. The world wide ranking list has Japan’s Toyota on top, followed by Microsoft and Volkswagen.