UPDATE: Turns out its Slovanian and "tovarna glasbenih instrumentov" means "Musical Instrument Factory."
UPDATE: After trying to tackle the russian google search I have come to the conclusion that I don't know russian.
Check this out. I think its from Russia but I have no idea. The picture of the logo is inside the body cavity. Under the "Melod" or "Melos" graphic there is a small "1959" stamp (cant see it in picture due to the flash..)
It says "tovarna glasbenih instrumentov" underneath the logo in case you can't read it.
any idea??