- Jauerfood
Jauerfood was a company founded in 1956 in
Copenhagen ,Denmark by Gunnar Jauer. Jauerfood's primary focus was to supply East German residents with food, bought via Jauerfood and paid by friends and relatives in the West or by the East German residents' West German savings and bank accounts.From 1959 and on East Germany did not allow its citizens to withdraw their funds put in West German Banks, hence many East Germany citizens had substantial savings that they could not utilize. Jauerfood (and the Swiss, Zürich-based company Palatinus) agreed with the East German Trade association Genex to export goods into East Germany, in return for a 5% provision to Genex.
Through the 60's 70's and 80's, the trade accumulated to quite big proportions: in the last fully operative year 1988 - just before the Wall fell, Jauerfood's gross earnings was app. 175.000.000 US$.
By the end of
1989 , the Company's reason for being had vanished, due to the new open structure in Germany, opening East Germany up tofree trade .
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