Transition economy to the IMF, Iran is in transition to a market economy, demonstrating early stages of a transition economy. The eight first-wave accession countries, which joined the European Union on 1 May 2004 (Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Slovenia) and the two second-wave accession countries that joined on 1 January 2007 (Romania and Bulgaria) have completed the transition process. According to the World Bank, "the transition is over" for the 10 countries that joined the EU in 2004 and 2007. It can be also understood as all countries of the Eastern Bloc. "Transition economics" is a special branch
Western European Union as a task force of the Western European Union. The Western European Union had ten member countries, six associate member countries, five observer countries and seven associate partner countries. On 14 June 2001, WEU President Solana stated that there was no foreseeable reason to change the status of the non member countries in the organisation. All member countries of the WEU were also members of both NATO and the European Union. These are the only nations that had full voting rights. Observer countries: (Rome – 1992) Observer countries were members of the European Union, but not of NATO. Rome –