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Wild West of privatization in postwar Europe overhauls economies
Amid chaos after communism, Hungary, Poland, the Czech Republic, and Russia confront a rapid shift to private enterprise. Officials warn that mafia ties, fraudulent funds, and insider trading surge as privatization vouchers fuel a booming yet shadowy market. Experts note legal gaps, weak accounting, and crumbling property rights as citizens seek rubles and futures amid a turbulent economic dawn.
MENTIONED IN THIS ARTICLE
Emo Racz
Hungary
Nadezhda Zhuravleva
Moscow
Prague
Vladivostok
Sama- Tkand
Warsaw
Boris Yeltsin
Russia
Itar-Tass
Poland
Czech Republic
Budapest
Soviet Union
U.S
Italy
Mercedes
Marx
Mikhail K. Yegorov
Racz
Dairies
Viktor Kozeny
America