Council for Mutual Economic Assistance. Founded in 1949; headquartered in Moscow. Members are Bulgaria, Cuba, Czechoslovakia, German Democratic Republic, Hungary, Mongolia, Poland, Romania, Soviet Union, Vietnam. Purpose is to promote economic development of member states through cooperation and specialization.
A multilateral economic alliance headquartered in Moscow. Members in 1990 included Bulgaria, Cuba, Czechoslovakia, the German Democratic Republic (East Germany), Hungary, Mongolia, Poland, Romania, the Soviet Union, and Vietnam. Also referred to as CMEA or CEMA.
The trading bloc formerly made up of the communist countries of eastern and central Europe.