Most economies of Central and Eastern Europe (CEE) and the former Soviet Union (FSU) experienced a very high inflation or even hyperinflation in the onset of the transition process. Despite the package of institutional, regulatory and structural reforms that made Poland a leader of economic...

At the end of 1997 five transition countries - the Czech Republic, Estonia, Hungary, Poland, and Slovenia - were invited to start negotiations on their accession to the EU. Three other countries - Latvia, Lithuania, and Slovakia - may still join the first group. Two other countries - Bulgaria...

Free 'Entry' and free 'Exit' are fundamental mechanisms of the competitive market economy operation. Free entry ensures that potential entrepreneurs will take advantage of profitable opportunities and enter profitable segments of the market, increasing competitive pressure on the incumbent...