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
Languages of the European Union Bulgaria to the European Union on 1 January 2007, Cyrillic became the third official script of the European Union, following the Latin and Greek scripts. The current design of euro banknotes has the word "euro" written in both the Latin and Greek (Ευρώ) alphabets; the Cyrillic spelling (Eвро) was added to the new Europa series of banknotes started in 2013 (see Linguistic issues concerning the euro). Although Maltese is an official language, the Council set a transitional period of three years from 1 May 2004, during which the institutions were not obliged to draft all acts in Maltese. It was