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COMECON

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia, Hutchinson 0.04 sec.
COMECON: see Council for Mutual Economic Assistance Council for Mutual Economic Assistance (COMECON or MEA), international organization active between 1956 and 1991 for the coordination of economic policy among certain nations then under Communist domination, including Albania (which did not participate after 1961),
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In Iran the Russians are constructing one of their VVER models--a pressurized water reactor (PWR) of a type widely used in Russia and exported to Finland and former COMECON countries.
The company trades in natural and synthetic latex, natural and synthetic rubbers, including Russian materials and rubber chemicals, concentrating on the markets in Germany, some in Western Europe, former Comecon countries, North America and Far East Asia.
So far, $14 billion has been invested in the form of direct capital, equity capital investment in the former COMECON countries.
 
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