Monday, 17 August 2020 11:39

Development of foreign trade function

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In the early 1970s, Yugoturbina had major known financial and development difficulties. We will list the most important ones:
- Technologically complex production and unfinished investment to meet the needs of domestic and foreign markets.
- Impossibility of obtaining permanent working capital for the production of materials of appropriate quality and deadlines.
- Lack of long-term loans from commercial banks to lend to its customers.
- Constant shortage of foreign currency for the necessary procurement of imported materials and parts.
- Underdeveloped production of parts and materials from domestic industry.
- Underdeveloped sale of their products, processing of foreign markets, export and import.

Establishes development policy in the following directions:
- Organizes offer bureaus that process offers for the placement of engine and pump turbines with production.
- Develops export and import business functions.
- Organizes financing of operations with banks and funds.
- Develops programs of new products and components and provides funds for construction.
- Niederlasung was founded and it opened service works in Germany.
- Provides construction sites, projects and leads the organization of construction and supervision.

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