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
2007 European Parliament election in Bulgaria Bulgarian Socialist Party and the Movement for Rights and Freedoms, with the distance between the third and the first being less than 1.5%. The voter turnout was 28.6%. According to the election results, the following 18 candidates were elected as Bulgarian Members of the European Parliament: 2007 European Parliament election in Bulgaria Bulgaria elected its members of the European Parliament in a by-election on 20 May 2007. It was the country's first European election, having joined the Union on 1 January of that year. The country still had 18 MEPs, no change from before the election. Until Bulgaria could hold