Proper noun
Comecon
(historical) Abbreviation of Council for Mutual Economic Assistance, a multinational economic organization that existed in the Eastern Bloc from 1949 to 1991.
Enver Hoxha, Reflections on China, vol. 2: (Toronto: Norman Bethune Institute, 1979), 41. In response, trade with COMECON (although trade with the Soviet Union was still blocked) and Yugoslavia grew. Source: Internet
Following the dissolution of the Comecon and the loss of its traditional trading partners, Vietnam was forced to liberalize trade, devalue its exchange rate to increase exports, and embark on a policy of economic development. Source: Internet
Just as perestroika was aimed at making the USSR more efficient economically and politically, Gorbachev believed that the Comecon and Warsaw Pact could be reformed into more effective entities. Source: Internet
Bulgaria's economy contracted dramatically after 1987 when Comecon, with which the Bulgarian economy had integrated closely, dissolved. Source: Internet
The mayor's highrise office (the former Comecon headquarters) is to the left, the Russian government building to the right Ministry of Foreign Affairs of Russia main building The White House Moscow is the seat of power for the Russian Federation. Source: Internet
Estonia's market reforms put it among the economic leaders in the former COMECON area. Source: Internet