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
Accession of Albania to the European Union no for 2 countries Albania & Macedonia. On 1 January 2008 the visa facilitation and readmission agreements between Albania and the EU entered into force. Albania received a road map from the EU for further visa liberalisation with Schengen countries in June 2008. On 8 November 2010 the Council of the European Union approved visa-free travel to the EU for citizens of Albania. The decision entered into force on 15 December 2010. As of April 2018, the European Commission has voiced support for starting accession negotiations with Albania. The European Council will make the decision if Albania is ready to