The Financing of Capital Investments in European Countries of Comecon

During the years of socialist construction, great successes have been scored in the area of capital investments and in the entire economy of COMECON countries. For example, the fixed capital of the national economy between 1951 and 1973 increased 1.97 times in the German Democratic Republic and 4.1 times in the Bulgarian People's Republic between 1952 and 1973; between 1949 and 1970 productive fixed capital in industry increased 2.6 times in the Czechoslovak Socialist Republic and 14.3 times in the Bulgarian People's Republic. Many new branches and types of production have been created that are the reliable foundation of the material and technological base of the socialist system and an important condition for the conversion of all branches of the economy to industrial methods.