Eastern Europe warms to Euro

11 February 1999

Eastern Europe warms to Euro

SOME of central Europes food and agricultural companies are getting to grips with doing business in Euros, reports the Financial Times.

Mezogep, a Hungarian agricultural equipment and automotive component maker, majority owned by Linamar of Canada, reports no problems in dealing with the new currency.

Hortex, a Polish food producer and the worlds largest exporter of apple concentrate, says the Euro has yet to make any impact on the companys activities. Its export season starts in the spring and this is when it will begin to think about the Euro, it says.

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