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 Trade Union Confederation and the EU Semester The ETUC was established in 1973, to coordinate and represent workers and their trade unions at European level, and has grown as more countries have joined the EU. Its membership now goes beyond the 28 Member States. At present, the ETUC represents almost 45 million workers across Europe, belonging to 89 national trade union confederations from 39 European countries, and 10 European Industry Federations. Within the ETUC, the Women’s Committee and Youth Committee represent the interests of these two groups of members. The ETUC has set up UnionMigrantNet, with a network of trade union contact points