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Heavy subsidies to energy and water prices have been reduced and, last October, the government finally made its currency convertible and unified the exchange rate.
ECONOMIST: Karimov fights back | The
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In addition to the above mentioned benefits, founders avoid complex interest-rate arrangements that come with convertible debt.
FORBES: Adeo Ressi Introduces 'Convertible Equity', Convertible Debt Without Debt
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The Puebla plant currently produces the Beetle, Beetle Convertible, Jetta and Jetta SportWagen at a rate of 604, 000 vehicles per year.
FORBES: VW's Bold American Strategy Means More Cars Built South Of The Border
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Nevertheless, with improving macro conditions, increasing demand from emerging economies and the introduction of new convertible and hybrid designs, we forecast the rate of decline in global PC demand to drop down in the future.
FORBES: Quick Take
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There are strong policies, beginning with making the dollar convertible to gold, to bring the economic growth rate way up.
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