Co(uncil for) M(utual) Econ(omic Assistance)
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Gorbachev also hinted that he would like to see direct relations, presumably to facilitate commerce, between the European Community and COMECON, the East bloc trading group.
From Time Magazine Archive
Hanoi first joined COMECON, the Soviet-bloc economic organization, then signed a 25-year treaty of friendship and cooperation with Moscow in November.
From Time Magazine Archive
In June, as the last Chinese aid technicians went home, Hanoi yielded to longstanding Soviet blandishments and formally jumped into Moscow's economic orbit as a member of the Communist trade alliance, COMECON.
From Time Magazine Archive
The agency driving to build this unheralded rival to Western Europe's powerful six-nation Common Market is the Council for Mutual Economic Assistance, or COMECON.
From Time Magazine Archive
During the mid-1960s Romania successfully reoriented a substantial share of its trade toward the West and reduced its participation in COMECON.
From Area Handbook for Romania by Bernier, Donald W.
Since the 1950s, the Moscow-based Council for Mutual Economic Assistance, known as Comecon, has brokered the bulk of East bloc trade.
From Time Magazine Archive
Such moves would come at the expense of traditional Comecon commitments.
From Time Magazine Archive
The West's economic slowdown shrank markets for goods from the Comecon countries.
From Time Magazine Archive
The country has also developed new markets to replace those lost when Comecon collapsed; more than three-quarters of its exports go to the West.
From Time Magazine Archive
Like its trade with the former Comecon countries of Eastern Europe, Moscow's deals with Havana are now on a hard- currency basis at prevailing world prices.
From Time Magazine Archive
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
