Text 3.

Read and translate the text. Use a dictionary.

Angel Investments.

Angel investments plc (AI), is based in Warsaw, Poland. Is provides finance for start-up or young companies which need capital to develop their business. AI is run by a group of extremely rich people of various nationalities who made their fortunes in the computer and financial services industries. They enjoy the excitement of working with start- ups and small companies, and believe that Central and eastern Europe offers outstanding opportunities for investment. They are willing to take risks and back projects which seem unusual or extraordinary. However they also expect to make money, usually by taking a stake in the business or a share of the profits.

A team of AI investors is currently considering several proposals. After hearing presentations from individuals and companies, AI will decide which projects it will invest in, and how much money it will give to each one. They have $ 5.5 million to invest in the projects.

Progress Check II.

1. Complete the sentences from the words from the box.

employees company competitors leader products profit Subsidiaries Customers Turnover

1. I work for a ___ called Kwikshoe.

2. Our main ___ are sport shoes.

3. Kwikshoe is a world ___ in the tennis shoe sector.

4. There are 2,500 ___ in the company.

5. It has seven ___ in different countries.

6. Its main ___ are people aged 15-35 years old.

7. Its main ___ are in Britain and the USE.

8. Its ___ last year was $1.2 billion.

9. Its ___ last year was $ 16 million.

2. Make questions about the history of BASF. First read the answer, than complete the questions.

1. What happened ___?

BASF began industrial-scale production of polystrene in 1930.

2. When ___?

BASF launched its famous magnetic tape in 1935.

3. What division ___?

Its established a pharmaseutical division in 1968.

4. Where ___ in 1989?

BASF opened an enviromental control centre in Ludwigshafen, Germany.

5. Which anniversary ___ in 1995?

BASF celebrated its 25^th anniversary.

3. Present Tense. Present Simple.

A travel booking.

Read the following dialogue about travel arrangements. Make any necessary changes to the verbs in brackets.

Traveller: Hello, I ___ (need) to go London next Friday and come back on the same day. I’ve a meeting with ___ (start) at 11 o’clock.

Agent: ___ you ___ (want) to fly or take the train?

Traveller: That ___ (depend) on the price. How much ___ it ___ (cost)?

Agent: The train ___ (be) cheaper and ___ (get) you right into the centre of London. It ___ (take) just three hours.

Traveller: OK, that’s fine. What about times?

Agent: Well, the Eurostar ___ (leave). Paris at 7.19 and ___(arrive) in London at 10.13 local time.

Traveller: What time ___/___ (have to) check in?

Agent: Not later than 20 minutes before departure.

Traveller: OK, how ___/___ (make) a reservation?

4. Quantifiers. Complete the s-s using some, any, many, much, no.

1. We haven’t had ___ news from our agent.

2. I have absolutely ___ idea what he wants.

3. He has very old bottles of wine in his cellar.

4. We employ people of ___ race, religion or ethnic origin.

5. Have you got ___ extra leaflets?

6. Did you meet ___ people at the conference?

7. We haven’t made ___ progress recently.

8. How ___ money do you want to earn?

9. How times have you seen him?

10. Unfortunately, the consultant couldn’t give me ___ advice.

5. Use the correct form of the verbs in brackets:

Our company (to be founded) in 1960. It (to produce) electronic components for washing machines. We (to be based) in Singapore. We (to have) subsidiaries in Korea, Malasia and Japan. We (to sell) our products throughout Europe. At present we (to set up) a new distribution center in France. Our department (to work) on the design plans and at the moment. I (to study) different plant layouts. Two months ago the company (to set up) new sales offices in France. I (to go) there on business last week.

VI. Put the words in the right order.

1. responsible who recruiting staff is for new ?

2. Are project you on which working ?

3. airport an Center is near the there ?

4. by does get helicopter how it long take there to ?

5. airport far from how it Monaco Nice ?

6. do do living what for you a ?

7. do who to you report ?

8. responsible who recruiting staff is for new ?

9. English you start did learning when ?

10. There areas major in operates company this.

6. Make questions for the answers:

1. Where/from ? – I come from Paris, France.

2. Where/work ? – I work for Papeleras Valla.

3. What/…make ? – Their company makes paper.

4. How many people… ? – About 750 people.

Have/one plant ? – No, we have two, both near Santiago.

7. Use the prepositions.

1. ___ the afternoon.

2. ___ 1576.

3. ___ night.

4. ___15.15.

5. ___ Sunday morning.

8. Use Present continuous for planned actions and current activities.

Mr. Moulder works for CMG. The group (open) a new subsidiary in China next week. He is very busy today. He (prepare) a report and (write) a programme of his visit to China. He (arrive) in China on Tuesday morning. Than he (have) a meeting with the board of the subsidiary. In the evening he (have) dinner with the managing director. He (come) back on Friday.

9. Read and translate the texts.

Text 1. Merloni Buys Stinol.

Italian home appliance maker Merloni said it will invest $169.3 million over the next three years to buy and upgrade the Lipetsk refrigerator producer Stinol. The deal with Stinol owner Novolipetsk Steel is expected to be finalized by September: By adding Stinol – which last year produces 40% of the 1.7 million refrigerators manufactured in the country – to its imported brands Indesit and Ariston, Merloni will become the biggest player on the national market with about 35% of sales.

Text 2. Yogurt Plant Opens.

A $50 million Campina yogurt factory, a joint venture of the Dutch firm campina Melkunie and Campina GmbH, opened in the Moscow region town of Stupino. The Campina branches invested $40 million in the factory, and $10 millionwas lent by the International Finance Corp., a member of the World Bank group. The highly automated factory, which started production in May, employs 85 staff and processes 65 tons of milk daily. The factory is next to a $100 million Mars chocolate factory that opened in May 1996.

Text 3. $390M Tobacco Deal.

British tobacco company Gallaher group PLC agreed to buy cigarette firm Ligget-Ducat for $390.5 million cash, including $56.4 million of debt. Ligget-Ducat is a subsidiary of Vector Group Ltd., the U.S. tobacco company run by financier Bennett LeBow. With the acquisition of Ligget-Ducat, Gallaher, the maker of cigarette brands such as Benson & Hedges and Silk Cut in Britain, will gain a dominant position in the local market the fourth largest in the world.