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Hungary / Foreign Investments #132255

ABC Evening News for Monday, Nov 18, 1991
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(Studio: Diane Sawyer) [NOTE: local news message on screen 5:49:50- 5:50:20.] Report introduced.

(Budapest: Jim Bittermann) Problems facing United States investors in Hungary examined; investments by General Electric and Guardian Glass cited as case studies of difficulties of doing business in Eastern Europe, with its poor communication facilities and lack of a background in capitalism. [GE-Tungsram George VARGA, General Electric Company human resources Jim CONHEADY - note how far Hungary is behind the West.] Hungarian billboards for American-made products shown.

(Studio: Diane Sawyer) Anecdote told about Hungarian refugees' discovery that American light bulbs do not last a lifetime.

Bittermann, Jim;
Sawyer, Diane

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