Treuhandanstalt

(redirected from Treuhand)
Also found in: Wikipedia.

Treuhandanstalt

An agency of the German government charged with privatizing numerous state-owned companies in East Germany. Created a few months before the reunification of Germany in 1990, Treuhandanstalt was responsible for 8,500 publicly-owned companies. It privatized many; this was controversial as it necessitated the laying off of two and a half million state employees. The agency was dissolved in 1994 and its remaining assets were transferred to successor agencies. The term "Treuhandanstalt" is German for "trust agency."
References in periodicals archive ?
The reason for this deficiency, according to previous studies by the Ifo Institute, is particularly the policy of rapid wage convergence, a policy that resulted from the proxy wage negotiations conducted by the western German social partners prior to the privatisation of the Treuhand enterprises.
This Greek Treuhand would be based in - wait for it - Luxembourg, and would be run by an outfit overseen by Germany's finance minister, Wolfgang Schauble, the author of the scheme.
One of the first places I visited was the vast labyrinth of the Treuhand Anstalt, Trust Agency, that was the government holding body that took over responsibility for more than 8,500 East German companies with more than 4 million employees, and slowly found new owners and introduced them to the market economy.
7 billion), Schwarz Unternehmens Treuhand KG - Germany (87.
Sur l'origine du trust ecossais, voir George Gretton, << Scotland : The Evolution of the Trust in a Semi-Civilian System >>, dans Richard Helmholz et Reinhard Zimmermann, dir, Itinera Fiduciae, Trust and Treuhand in HistoricaI Perspective, Berlin, Duncker & Humblot, 1998, 507.
com)-- AAC Revision und Treuhand AG has been selected by the Russell Bedford global audit and accounting group as its first correspondent in Liechtenstein.
Lloyd Treuhand GmbH is responsible for subscriber relations.
Summary: The Treuhand privatisation agency set up to sell off East German state assets is being touted by Eurogroup chairman Jean-Claude Juncker as a model of German efficiency that could help resolve Greek's debt crisis.
A repeat of Germany's Treuhand experience may prove bitter for Greeks, who are already suffering soaring unemployment as a recession drags into its third year.
There is little discussion of the ups and downs of the Treuhand administration, but in general Maron eschews facile vilification of that instrument of privatization and takes issue with Gunter Grass's assertion that a gradual convergence and then confederation of the two German states would have served East Germans better; in terms of her reporting, Maron's story emphasizes biographical and personality sketches obtained through interviews and brief historical glances backward.
For a brief while the Treuhand was one of the largest property owners of the world and employed 4 million workers.
Hermann Goring's former Ministry of Aviation, now the seat of the German Ministry of Finance and the central office of the Treuhand agency that privatized East German enterprises after the fall of the Berlin wall, was also shown again and again.