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Treuhand

English translation: Treuhandanstalt/Treuhand agency

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Treuhand
English translation:Treuhandanstalt/Treuhand agency
Entered by: Natascha Spinetto

12:51 Aug 28, 2008
German to English translations [PRO]
Social Sciences - History
German term or phrase: Treuhand
from a question: Frage 1 : Rückblick auf den Transformationsprozess – Anfang mit Treuhand – wichtigsten Punkte aus Ihrer Sicht bis heute?
Philip Fitchett
United Kingdom
Local time: 17:01
Treuhandanstalt/Treuhand agency
Explanation:
Etwas mehr Kontext wäre hilfreich; so gehe ich davon aus, dass es sich hier um die Treuhandanstalt handelt, die für die Privatisierung der staatlichen Unternehmen nach der Wiedervereinigung Deutschland zuständig war.

siehe auch WIKIPEDIA:
The Treuhand (Treuhandanstalt or Treuhand agency) was the agency that privatized the East German enterprises owned as public property (common property). Created by the Volkskammer on June 17, 1990, it oversaw the restructuring and selling of about 8,500 firms with initially over 4 million employees. At that time it was the world's largest industrial enterprise.

Its operations drew heavy criticism for unnecessary closing off of profitable businesses, misuse and waste of funds and unnecessary layoffs. When its operations ended in 1994, it had amassed 260 to 270b DM in debt. It had gained a mere 30b DM from sales of its units.

Selected response from:

Natascha Spinetto
Italy
Local time: 18:01
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2Treuhandanstalt/Treuhand agency
Natascha Spinetto


  

Answers


13 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
Treuhandanstalt/Treuhand agency


Explanation:
Etwas mehr Kontext wäre hilfreich; so gehe ich davon aus, dass es sich hier um die Treuhandanstalt handelt, die für die Privatisierung der staatlichen Unternehmen nach der Wiedervereinigung Deutschland zuständig war.

siehe auch WIKIPEDIA:
The Treuhand (Treuhandanstalt or Treuhand agency) was the agency that privatized the East German enterprises owned as public property (common property). Created by the Volkskammer on June 17, 1990, it oversaw the restructuring and selling of about 8,500 firms with initially over 4 million employees. At that time it was the world's largest industrial enterprise.

Its operations drew heavy criticism for unnecessary closing off of profitable businesses, misuse and waste of funds and unnecessary layoffs. When its operations ended in 1994, it had amassed 260 to 270b DM in debt. It had gained a mere 30b DM from sales of its units.



Natascha Spinetto
Italy
Local time: 18:01
Native speaker of: German
PRO pts in category: 8
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Paul Kachur: Treuhand is pretty much a fixed concept that is best paraphrased rather than translated
3 hrs
  -> danke, Paul
agree  KARIN ISBELL: Stimmt
4 hrs
  -> danke, Karin
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