Found this awhile back at a shop in Carnegie PA. Know nothing about the packaging. Short card = Europe? Inside is a card or sticker of some sort. Found something about 1992 as mentioned and the model is from that time. Olympia comics from Olympia Washington? fwiw.
Absolutely Germany. "Mit" means with and Olympia is short for Olympiade or in other words Olympic Games. 1992 should have been Barcelona. The card art could have pointed to 1988 too (the dark blue with the lighter blue) which was Seoul.