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COMECON |
Also found in: Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Comecon [ˈkɒmɪˌkɒn] n
(Economics) (formerly) an association of Soviet-oriented Communist nations, founded in 1949 to coordinate economic development, etc.; it was disbanded in 1991 when free-market policies were adopted by its members Also CMEA [C20 Co(uncil for) M(utual) Econ(omic Assistance)] Translations How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In Iran the Russians are constructing one of their VVER models--a pressurized water reactor (PWR) of a type widely used in Russia and exported to Finland and former COMECON countries. The company trades in natural and synthetic latex, natural and synthetic rubbers, including Russian materials and rubber chemicals, concentrating on the markets in Germany, some in Western Europe, former Comecon countries, North America and Far East Asia. So far, $14 billion has been invested in the form of direct capital, equity capital investment in the former COMECON countries. |
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