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...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 in Poland include a fishing fleet and a home-building enterprise, as well as Hanna-Barbera's largest animation studio, where Polish artists draw the cels for Yogi Bear and Flintstones cartoons...

Author: /time Magazine | Title: Many Happy Returniks | 7/2/1990 | See Source »

...Europeans work, play and shop. In Hungary, General Electric paid $150 million last January for control of Tungsram, one of the world's largest light-bulb makers. GE plans to light up Europe by selling the bulbs across the Continent. In Poland, Italian automaker Fiat, in partnership with a Polish company, plans to build 1.5 million subcompacts during the next ten years. In East Germany, Coca-Cola is pouring out $140 million to turn six aging state-owned soft-drink plants into gleaming Coke bottlers...

Author: /time Magazine | Title: New Kids on the Bloc | 7/2/1990 | See Source »

...ingenious deal, ICL, a British electronics giant, launched a 1988 joint venture called Furnel International with six Polish partners to make an unlikely combination of computers and furniture. Furnel exports the moderately priced furniture to Western store chains and uses the currency that it earns to buy computer parts from ICL. The venture then assembles the components in Poland and sells the computers to Polish buyers. ICL thus manages to tap markets in both Poland and the West and receive its payment in hard currency...

Author: /time Magazine | Title: New Kids on the Bloc | 7/2/1990 | See Source »

Meanwhile, Polish television viewers have become accustomed to glitzy commercials for Benetton sportswear on Poland's two state-run channels. The 30-second spots were placed by Italian media magnate Silvio Berlusconi, who operates Italy's three largest private TV stations and controls the most extensive film library on the Continent. Berlusconi receives a placement fee from Benetton, which has established two stores in Poland...

Author: /time Magazine | Title: New Kids on the Bloc | 7/2/1990 | See Source »

...recent strikes by shipyard and railroad workers for higher pay and improved conditions suggest that patience may be wearing out. "People have been amazingly tolerant so far," says Professor Adam Bromke of the Polish Academy of Sciences. "But they are feeling the pinch, and there are many dangers ahead...

Author: /time Magazine | Title: Poland Living with Shock Therapy | 6/11/1990 | See Source »

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