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 1992: Associate membership was created to include the European countries that were members of NATO but not of the European Union. Associate members Poland, the Czech Republic & Hungary joined the EU in 2004. Kirchberg – 1994: Countries that at the time were not part of either NATO or of the EU. All of the following nations joined both NATO and the EU by 2007. The following missions, mainly in the Balkans, were deployed by the WEU: This leaflet outlines the WEU's cultural and social (non-military) structures and activities before they were transferred to the Council of Europe in 1960.