DR. MILAN SMID ANALYSES CME 1996 ANNUAL REPORT

Dr. Milan Smid of the Department of Journalism, Charles University, has published a detailed analysis of CME business ventures in Central and Eastern Europe. The analysis is based on CME' s 1996 annual report, available from the Security and Exchange Commission on the Internet.

Dr. Smid' s analysis is in Czech and was printed by the Prague economic daily Hospodarske noviny on 1st May, 1997. The Czech text of the analysis is also available in Britske listy of the Neviditelny pes internet newspaper, edition for Friday 9th May, 1997.

Jan Culik

Glasgow University

9th May, 1997