Ad
"Investing in language skills can dramatically improve a company's business opportunities," says the Romanian commissioner (Photo: European Commission)

EU firms losing out due to poor language skills

Europeans must improve their language skills to ensure Europe's competitiveness in the global market, Brussels has warned, as 11 percent of EU small and medium-sized companies have lost an export contract and miss out on revenues due to their staff's poor knowledge of foreign languages.

According to a study presented by EU multilingualism commissioner Leonard Orban, EU businesses lost on average €325,000 each over a three year period due to communication barriers.

"Far from being...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
"Investing in language skills can dramatically improve a company's business opportunities," says the Romanian commissioner (Photo: European Commission)

Tags

Ad
Ad
Ad