Word: treuhandanstalt
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Dates: during 1990-1990
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...among their own employees or the general population. Ideas have been floated to distribute shares in former state-owned companies to citizens in the form of mutual-fund certificates. At present, ownership of these companies is in limbo, or rather in the hands of a state trustee body, the Treuhandanstalt...
Real estate is not the only battleground. A law passed in March stipulates that former owners may reclaim businesses seized by the Communists; about 50,000 petitions are expected. State-owned enterprises have been placed under the control of a new government authority, the Treuhandanstalt, which will liquidate uneconomic plants and shift viable businesses toward private enterprise. So far, however, only a fraction of the 9,000 or so targeted firms have been privatized...
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