Word: naujokat
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Dates: during 1991-1991
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...initiatives are there. Eastern entrepreneurs, including former communist managers, are adapting with surprising speed and energy to the market system. Detlef Naujokat, 49, a former food and beverage manager for an East Berlin hotel, has launched a $30 million real estate development in the village of Sommerfeld, 19 miles north of Berlin, as full of promise -- and risks -- as any dreamed up in the west. "This is the first time in our lives that we have been able to do anything like this," he says. "We'll subdivide and install the infrastructure first, then sell the plots and help...
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