Riga Stock Exchange                                               26.04.2005 



JSC “VEF Radiotehnika RRR” to increase production capacities



JSC “VEF Radiotehnika RRR” is planning to increase production capacities by investing 

LVL 1.77 million, and to improve labor productivity. 

Negotiations are in progress with a bank to provide loan for the project. The company 

also applied for funding from EU structural  funds – as a result, total support of LVL 

1 million has been approved. The investment is expected to bring returns after 10 years. 

The the modernization program is expected to bring results after several years, 

when the company revenues should reach LVL 3.5 million. 



Unofficial translation by RSE