AVAG is growing in Eastern Europe

Augsburg, Germany. AVAG Holding AG hopes to expand its business in Poland and Hungary once the two countries become members of the European Union.

Last year the company bought three trading corporations in Warsaw and two in Budapest. It sold 4,500 automobiles through those companies in 2003. CEO Albert Still hopes to increase sales to about 6,000 vehicles in the medium-term.

During the 2002 / 2003 business year the company's business abroad -- AVAG also has companies in Croatia and Austria -- accounted for approximately 20 percent of the group's total sales of 760 million euros.

AVAG also is negotiating to become a partner in a trading corporation in the Czech Republic.

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