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Acronymfinder

What does COMECON stand for?

COMECON stands for Council for Mutual Economic Assistance


This definition appears very rarely and is found in the following Acronym Finder categories:

  • Organizations, NGOs, schools, universities, etc.

Samples in periodicals archive:

There is no real reason to delve too deeply into the general story to make the point here; organizations like the European Free Trade Association (EFTA) and the Council for Mutual Economic Assistance (COMECON) no longer exist, England is an EU member and Putin has been able to convince no countries, with the exception of Armenia and Kazakhstan, to join a customs union similar to COMECON.
Such disruptions could be manifested by a sharp fall in export receipts or a substantial and permanent increase in net import costs owing to a shift from reliance on trading at nonmarket prices -- such as prevailed among members of the Council for Mutual Economic Assistance (CMEA) and among the states of the former Soviet Union -- to multilateral, market-based trade.
These disruptions may be manifested in particularly sharp falls of export receipts owing to a shift to multilateral, market-based trade from heavy reliance on trading at non- market prices such as prevailed among members of the disbanded Council for Mutual Economic Assistance (CMEA) and among the states of the former Soviet Union.
A) The systemic transformation facility is a temporary IMF financing window that provides financial assistance to member countries facing balance of payments difficulties arising from severe disruptions of their trade and payments arrangements due to a shift from significant reliance on trading at non-market prices -- such as prevailed among members of the Council for Mutual Economic Assistance (CMEA) and among states of the former Soviet Union -- to multilateral, market-based trade.