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Material gains from a velvet revolution

Article Abstract:

The Czech Republic has become the favorite location of foreign investors looking for investment opportunities in central Europe. Unlike the previously favored Hungary, the new republic has been highly successful in transforming itself from a centrally planned economy to a market economy. Aside from being politically stable, it has a strong economy that boasts of a trade surplus, a budget surplus, a stable currency and declining inflation. The Czech Republic's favorable economic fundamentals have convinced major rating agencies to regard it an investment grade country. Nevertheless, there are still some problems that the government of Prime Minister Vaclav Klaus, widely considered to be the driving force behind the Czech economic growth, has to address. These include antiquated infrastructure and the lack of an adequate legal framework.

Author: Grey, Sarah
Publisher: Institute of Chartered Accountants in England & Wales
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1995
Foreign investments, Economic aspects, Czech Republic, Cover Story

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When size matters

Article Abstract:

Canadian company CCL Industries has successfully recovered from the adverse effects of 1989 US-Canada free trade agreement and is now a dominant player in the North American market. The free trade pact nearly drove the company out of business, compelling it to adopt a 'make or break' strategy that turned out to be highly effective. To be able to compete on a North American scale, CCL closed an aerosol plant and sold off Continental Can (Canada) to free itself of the non-competition agreement that it signed with Continental Can (US). The company then pursued a growth strategy based on acquisitions, concentrating on three businesses, namely, contract filling, labels and containers. It has acquired 19 companies in these areas since 1989 and is now the North American market leader in all three.

Author: Grey, Sarah
Publisher: Institute of Chartered Accountants in England & Wales
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1998
Plastic Containers, All Other Plastics Product Manufacturing, Plastics products, not elsewhere classified, Metal Cans and Shipping Containers, Metal Cans & Shipping Containers, Metal Can, Box, and Other Metal Container (Light Gauge) Manufacturing, Coated and Laminated Paper Manufacturing, Pressure Sensitive Labels, Paper products industry, Container industry, Company Profile, Labels, Label industry, CCL Industries Inc., Pressure sensitive adhesives

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Busy Regina rebuilds the hive

Article Abstract:

Regina Health & Beauty PLC Chmn and Finance Director David Tett joined the firm, the major producer of royal jelly obtained from bees, in Oct 1989 as a management consultant. Tett was brought aboard by founder and past Chmn Irene Stein, who left the company in Nov 1989 after a disagreement over the need for restructuring advocated by Tett. Tett states that the firm expanded too ambitiously at a time when the market for royal jelly slowed down due to increased competition. Tett has managed to save the firm from near bankruptcy through a reorganization that drastically reduced the number of employees, expanded into non-royal jelly products, and affected a refinancing through a two-for five rights issue.

Author: Grey, Sarah
Publisher: Institute of Chartered Accountants in England & Wales
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1990
Analysis, Health and beauty aids, Personal care products, Tett, David, Stein, Irene, Regina Health and Beauty Products PLC

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Subjects list: Management
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