Council for Mutual Economic Assistance


Council for Mutual Economic Assistance

Organization founded in 1949 to facilitate and coordinate the economic development of Soviet-bloc countries.

Its original members were the Soviet Union, Bulgaria, Czechoslovakia, Hungary, Poland, and Romania; other members joined later, including Albania (1949) and the German Democratic Republic (1950). Its accomplishments included the organization of Eastern Europe's railroad grid, the creation of the International Bank for Economic Cooperation, and the construction of the "Friendship" oil pipeline. After the democratic revolutions of 1989, it largely lost its purpose and power. In 1991 it was renamed the Organization for International Economic Cooperation.

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Universalium. 2010.

Look at other dictionaries:

  • Council for Mutual Economic Assistance — Flagge des RGW Briefmarke 25 Jahre RGW (DDR 1974) Der 1949 gegründete Rat für gegenseitige Wirtschaftshilfe (RGW; russ.: Совет экономической взаимопомощи, CЭB, SEW), im Westen oft als Co …   Deutsch Wikipedia

  • Council for Mutual Economic Assistance — n. Comecon, organization founded in 1949 to facilitate and coordinate the economic development of countries of the Soviet Union (the organizaton was disbanded in 1991) …   English contemporary dictionary

  • Council for Mutual Economic Assistance — CMEA; COMECON A former organization of Soviet bloc countries formed in 1949 to promote the economic interdependence of its member states. The members were Bulgaria, Cuba, Czechoslovakia, German Democratic Republic (GDR), Hungary, Mongolia, Poland …   Big dictionary of business and management

  • Council for Mutual Economic Assistance. — See COMECON. * * * …   Universalium

  • Council for Mutual Economic Assistance — noun → Comecon …   Australian English dictionary

  • Council for Mutual Economic Assistance. — See COMECON …   Useful english dictionary

  • Council for Mutual Economic Assistance — …   Useful english dictionary

  • Convention on mutual administrative assistance in tax matters — (and protocol) Signed 25 January 1988 (27 May 2010) Location Strasbourg (Paris) Effective 1 April 1995 (1 June 2011) Condition 5 ratifications (5 ratifications) Parties 17 (8) Depositary Secretary General of the Council of Europe and the… …   Wikipedia

  • council — /kown seuhl/, n. 1. an assembly of persons summoned or convened for consultation, deliberation, or advice. 2. a body of persons specially designated or selected to act in an advisory, administrative, or legislative capacity: the governor s… …   Universalium

  • economic — /ek euh nom ik, ee keuh /, adj. 1. pertaining to the production, distribution, and use of income, wealth, and commodities. 2. of or pertaining to the science of economics. 3. pertaining to an economy, or system of organization or operation, esp.… …   Universalium


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