Word: zastava
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...official Karl Syrovatka, 550,000 working people will be carrying the burden of 750,000 unemployed, 1.4 million on ostensibly temporary layoffs and 1.1 million pensioners. Between September and October alone in the two remaining republics of the former Yugoslavia, industrial output dropped one-quarter. Last week the Crvena Zastava industrial works in Kragujevac closed down the assembly lines for the Yugo automobile; the only production unit still functioning makes weapons...
Moreover, the Yugo's reputation went downhill because of its bumpy handling and lack of amenities. Sales slumped from 48,532 autos in 1987 to 31,546 last year. Even so, the manufacturer, Zavodi Crvena Zastava, plans to take over its U.S. importer's operations and continue selling...
...more radical way to raise capital would be to organize an internal money market-a sort of Communist Wall Street-yet Yugoslavia is moving in that direction also. Two firms, the Zastava auto concern and the Belgrade-Bar railroad, have been allowed to float issues of interest-bearing and resalable bonds. More such issues are likely to be permitted, and government leaders recognize that they eventually will have to set up a market in which the bonds can be regularly traded...
...moya nova zastava, moya zemlya the, pozdravly...
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