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
Acts of Parliament of the United Kingdom relating to the European Communities and the European Union European Union and also gave legal effect to European Union Law (then Community law) which came into effect on 1 January 1973, the day the UK officially joined. This act incorporated the Single European Act into the 1972 Act. This act incorporated the Maastricht Treaty into the 1972 Act which created the European Union. This act incorporated the Amsterdam Treaty into the 1972 Act. This act incorporated the Nice Treaty into the 1972 Act. This act incorporated the Treaty of Lisbon into the 1972 Act. These acts also amend the 1972 Act. This act legislated for the holding of the