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 Union statistics European Union statistics Statistics in the European Union are collected by Eurostat (European statistics body). As of 1 January 2006, the population of the EU was about 493 million people. Many countries are expected to experience a decline in population over the coming decades, though this could be offset with new countries planning to join the EU within the next 20 years. The most populous member state is Germany, with an estimated 80.4 million people. France and Ireland have the highest birth-rates. The most densely populated country is the island of Malta, which is also the smallest, while the largest