Treuhandanstalt

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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."
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References in periodicals archive ?
Many eastern firms, spun off by the Treuhand from the large Kombinate (the vast integrated corporations of the GDR that included most economic and much social life), were in fact taken over by western firms through purchase or joint venture and converted at least temporarily into low-cost lengthened assembly lines for the core plants of the West.
The Treuhand, set up as the holding for the state enterprises in the former GDR, has become the largest corporation in the world.
The onerous task of transferring into private hands approximately 10,000 former HO retail outlets, 85 per cent of which have sales areas of less than 100 square metres, is the responsibility of the Treuhandanstalt, commonly called the Treuhand, an agency of the Federal Government, and progress in this area has been slow.
Since June of 1991 the Treuhand, as it is familiarly known, has responded to Neues Deutschland's chronic money woes by taking over financial control of the paper.
Germany's Treuhand privatization agency made a point of limiting the West German media groups to one newspaper title each.
East Germany's Treuhand started at the same time as Pakistan and already over 2,200 companies have been sold netting over US $ 30 billion.
Many employees have already been set free and that will continue when Treuhand AG, a trust administering the former state owned companies, will cease payment.
However, immediate investment is required and to ensure that this develops, a special government department has been created -- the Treuhand Gesselschaft.
Further information on official fuel consumption figures and the official specific CO2 emissions of new passenger cars can be found in the "Guide on the fuel economy, CO2 emissions and power consumption of all new passenger car models," which is available free of charge at all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str.
PORTFOLIO COMPANIES OF MANAGEMENT KGs DEVELOPED BY THE TREUHAND (ILLUSIONARY SUCCESSOR TO THE TREUHAND) * Name and Date of Items Purchased No.
ZIMMERMANN (eds.), <<Itinera Fiduciae>>: Trust and Treuhand in Historical Perspective, cit., 305-306.