48- Zvezda

Zvezda (star) watches were produced by the Pensa, Petrodvorets and Uglich Watch factories between the 1940ies and 1960ies. This piece was produced by the Pensa Watch Factory as indicated at the dial's bottom (not visible on the pictures).
It is a small but nice looking watch with a base metal chromed case, snap on stainless steel back and fixed lugs.
The movement mounted in these watches is derived from the French caliber LIP T18.

Other transliterations: zvesda
Original name in Cyrillic: ЗВЕЗДА

Some pictures: