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ECONOMY MINISTER VISITS PITTSBURGH TO ENCOURAGE BUSINESS VENTURES IN CZECHOSLOVAKIA

 ECONOMY MINISTER VISITS PITTSBURGH
 TO ENCOURAGE BUSINESS VENTURES IN CZECHOSLOVAKIA
 PITTSBURGH, Feb. 26 /PRNewswire/ -- Czechoslovakia offers many opportunities for U.S. businesses that are seeking new markets and joint ventures in central Europe, according to Karel Dyba, minister of economic policy and development of the Czech Republic.
 Dyba will visit Pittsburgh on Thursday as part of a North American tour to explore ways that Czechoslovakia can attract foreign business and revitalize industries and communities.
 "Czechoslovakia has an experienced industrial base and is making great progress in the privatization of former state-owned businesses," he said. "U.S. industries will find that Czechoslovakia has an increasingly stable economy, and offers many new and lucrative markets."
 Dyba cites Proctor and Gamble (NYSE: PG), Westinghouse (NYSE: WX) and K-Mart (NYSE: KM) as among the North American companies that have been successful in establishing operations in Czechoslovakia.
 "Czechoslovakia has worked hard to make the transition from socialism to a western-style economy, following our independence from the Soviet Union in 1989," said Dyba. "We liberalized prices early in 1991, and established monetary and fiscal policies that have kept inflation under control. These and many other factors will appeal to U.S. and Canadian businesses."
 Dyba has responsibility for the Czech Republic's economic policy and formulation; regional development in the public sector; science, technology and communications; raw materials, fuels and energy; transportation; and small and medium size business development. The ministry's new Agency for Foreign Investment is actively matching foreign investors with Czech enterprises and private entrepreneurs.
 Dyba earned a post-graduate degree from the Prague School of Economics, and has studied at Alberta University of Edmonton, Canada. He has written numerous books and articles on the subject of external economic relations.
 -0- 2/26/92
 /CONTACT: Michael Kenneally of Dyba's U.S. press center, The Bostonian Hotel, 617-523-3600, or 617-423-2443/
 (PG WX KM) CO: Proctor and Gamble, Westinghouse Electric Corporation; K-Mart ST: Pennsylvania IN: SU: ECO


DM -- PG003 -- 2863 02/26/92 14:04 EST
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Publication:PR Newswire
Date:Feb 26, 1992
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