Volkseigener Betrieb

The Publicly Owned Operation (German: Volkseigener Betrieb; abbreviated VEB) was the main legal form of industrial enterprise in East Germany. They were all publicly owned and were formed after mass nationalisation between 1945 and the early 1960s, and the handing back in 1954 of some 33 enterprises previously taken by the USSR as reparations. VEBs often had company sports teams, and played an important role in the promotion of sports.

Volkseigener Betrieb

The Publicly Owned Operation (German: Volkseigener Betrieb; abbreviated VEB) was the main legal form of industrial enterprise in East Germany. They were all publicly owned and were formed after mass nationalisation between 1945 and the early 1960s, and the handing back in 1954 of some 33 enterprises previously taken by the USSR as reparations. VEBs often had company sports teams, and played an important role in the promotion of sports.