Mr. Hodgson: Yes, you're right. Scottish Widows was the first and was founded I think in 1815, so it's certainly a very old mutual life insurance company.
TWST: How do you approach investing in Eastern and Central Europe? What
are the key factors that you monitor in order to make your investment?
TWST: Mr. Hodgson, what about the stock markets, the currency, interest
rates in this area? Tell us something about that subject.
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