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@salad
^
It's a "MIFA MiniRad" (one of these).
Apparently they made almost 3 million folding bikes from 1967 to 1990, and just before they quit they made a few of those non-folding ones apparently (haven't found out why exactly) in the first half of 1990.
This is exactly how I bought it; it's pretty much in its original condition, bar the tyres and the rear light.