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
Model European Union Strasbourg and 10 March 2007 and has grown ever since. Residents of any of the 28 Member States of the European Union, EFTA , EEA countries and Turkey, Macedonia and the Erasmus + Partner countries (Western Balkans, Eastern Partnership Countries, South-Mediterranean Countries, and the Russian Federation) between the age of 18 and 26 are eligible to apply to take part in Model European Union Strasbourg. Such criteria are to maintain the project's goal of youth inter-European learning and networking. All applications are done online via the website. Model European Union partners up with other (youth) organisations which among others include different