Olmert says to double Israel's R&D investment

Newswire

By Tova Cohen TOKYO, Feb 26 (Reuters) - Israel needs to double government spending on research and development in the next five years to remain competitive globally, Prime Minister Ehud Olmert said on Tuesday in Japan, where he is seeking to drum up investment. Israel currently invests 4.8 percent of gross domestic product on R&D, more than any other country in relative terms, Olmert told a business conference in Tokyo, where he is making his first visit as prime minister. But with ...

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