Svyazinvest, Rostelcom weigh merger, Soros says

Article Abstract:

Billionaire George Soros said that Svyazinvest and RAO Rostelecom are engaged in negotiations over a possible merger. Both companies are the two largest telephone firms in Russia. Mr. Soros said that in principle, he supported the proposed deal. An official with Rostelecom acknowledged that merger talks were underway. However, the official cautioned that no deal was near. The deal would help Mr. Soros to regain some of his losses from his Svyazinvest investment in 1997.

Comment:

Svyazinvest and Rostelecom engaged in negotiations over possible merger

Wired Telecommunications Carriers, Telephone Communications, Russia, Planning, Telecommunications services industry, Telecommunications industry, Telephone services, Abstract, Svyazinvest, RAO Rostelecom

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EBRD's new president pledges he won't seek major policy changes

Article Abstract:

Jean Lemierre, the new president of the European Bank for Reconstruction and Development, wants the bank to forge more deals and work efficiently. Mr. Lemierre will not seek a radical change in bank policy and pledged that he will not ask the bank's shareholders for additional capital increase.

United Kingdom, All Other Nondepository Credit Intermediation, Executive changes & profiles, NONDEPOSITORY INSTITUTIONS, Development Banks, Banking industry, Officials and employees, Economic policy, European Bank for Reconstruction and Development, Lemierre, Jean

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Reverse Engineers: Hungarians Design Buses Made in U.S

Article Abstract:

Engineers at Budapest-based North American Bus Industries provide cheap, high quality designs for buses assembled later by white collar workers in the U.S.

Motor vehicles and car bodies, Hungary, Buses, Heavy Duty Truck Manufacturing, Management, Buses (Transportation), Bus industry, Budapest, Hungary, North American Bus Industries Rt

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