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
European Trotting Union their countries. The competition was founded in 1986. The most-winning drivers of the UET countries face each other in this event, which was established in 1969. It is held every two years, in alteration with the world driving championship. European Trotting Union The Union Europeenne du Trot, or in English, the European Trotting Union, also known by its acronym, UET, is the governing body of European trotting. The federations main purpose "is the promotion of trotting races and horse breeding in Europe as well as their integrity and prestige in the world". Its headquarters are in the country of the