30 September 1998

Social Change in Russia and Eastern Europe: From Party Hacks to Nouveaux Riches - By Silviu Brucan

"Gelu Tofan worked for five years at the tire factory Danubiana. After 1989, along with a partner and a modest capital of $50,000 sent by his brother from Canada, he bought a big truck and started selling tires all over the country. After only one year, he opened twelve stores to sell tires in major cities. His turnover rose rapidly: 30 million lei in 1992, 6 billion in 1993, 48 billion in 1994, and over 100 billion in 1995."

Brucan Silviu.
Social Change in Russia and Eastern Europe: From Party Hacks to Nouveaux Riches. Greenwood Publishing Group, 1998: p. 91.
ISBN:0275963225

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