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
Greenland–European Union relations geostrategic importance of Greenland for the EU. The Brexit debate has reignited talk about the EU in Greenland, and there have been calls for the island to rejoin the Union. Greenland–European Union relations Greenland, an autonomous constituent country of the Kingdom of Denmark (which also includes the countries of Denmark and Faroe Islands) is one of the EU countries’ overseas countries and territories (OCT). Greenland receives funding from the EU for sustainable development and has signed agreements increasing cooperation with the EU. Greenland joined the then European Community in 1973 as a county along with Denmark, but after gaining autonomy