An economic conference of representatives of Bulgaria, Hungary, Poland, Romania, the USSR and Czechoslovakia was held in Moscow in January.

The conference noted the substantial achievements made in developing economic relations among the aforementioned countries, which found expression, first and foremost, in a major increase in trade. The establishment of these economic relations and the implementation of the policy of economic co-operation enabled the countries of people's democracy and the USSR to accelerate recovery and the development of their national economies.