2009.21.04. In the newspaper article in which chairman of board of joint-stock company RIGA ELECTRIC MACHINERY FACTORY G.Uspensky informed on development of new production has been published. Experts on microelectronics and on electric motors already more than one year are engaged in development of new production.

To finish this work, one more year is necessary. Now the enterprise has enclosed in development of new production more than 3 million euro. It is necessary to invest 2 million euro more to finish this work.

In addition G.Uspensky has told that the turn in 2009 will be kept at a level of 45-50 million dollars if the level of the Russian rouble only will not change. It is scheduled to work lost-free or with the minimal losses.