Word: hungarian
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...some Western executives, investing in Eastern Europe is a way of going home again. Frank Czena of Los Angeles participated in the Hungarian revolution of 1956. When Soviet forces crushed the rebellion, Czena, then 20, escaped by slipping out the back door of his grandmother's house in rural Kunagota just as the Hungarian secret police arrived to arrest him. Now the owner of Iron Masters, a manufacturer of structural steel and decorative iron, Czena feels a swell of pride in the political and economic changes taking place in his homeland. Czena plans to take part by building a steelworks...
...provide his country with much-needed venture capital, Andrew Sarlos, 58, a Hungarian who is the head of a major Toronto-based investment group, has raised $80 million for the new First Hungary Fund. In addition, Sarlos and a group of other Hungarian expatriates bought a 50% stake in Scala Co-op, Hungary's largest grocery chain, and a 50% share in Budapest General Banking and Trust. Zbigniew (Dick) Niemczycki, 43, a Warsaw-educated engineer who moved to the U.S. in 1977, has returned to Poland as an executive with SerVaas, an Indianapolis investment firm. The company's joint ventures...
...race to bring capitalist know-how to Hungary has produced a contest between two telecommunications companies, Colorado-based U S West and Atlanta's Contel Cellular. In a $10 million joint venture with the Hungarian state telephone company, U S West is installing a cellular-phone system in Budapest that is to begin service by the end of the year. Contel has linked with private Hungarian partners to form a competing $35 million venture that will start service in Budapest by early...
...warm summer day in the hills of northern Transylvania. There is little traffic on the road, a strip of patched macadam that bisects the valley and climbs slowly through the trees to disappear in the direction of the Hungarian border. A pair of covered Gypsy wagons comes into view, each pulled by a stocky horse. As the wagons draw abreast, the driver of the first lifts his hat and waves. The second driver has stretched out and gone to sleep, the reins held loosely in hands clasped over his ample stomach...
...those who want to take home more than snapshots, each country has something special. It is fun browsing through art shops in Poland and pottery and glassware stores in Czechoslovakia. The Hungarian state record company presses high-quality classical records that can be bought for about half of what they would cost in the West. Hungarian wine is also worth the money, as is Bulgarian. In the villages west of Cluj, delicately embroidered tablecloths are sold for the equivalent of a few dollars...