Central and Eastern Europe´S 25 Yeasrs of Transition - Bottlenecks of Institutional Transformation

Socio-economic development of cohesive economies of Central and Eastern Europe, that have undergone transformation process from a centrally planned economy to a market economy, is after twenty-five years since the transformation process started regionally differentiated. Socio-economic development suggests that the transformation process not always fully reflected the specific preconditions and developmental possibilities of individual economies. Among the most important facts that influenced different rate of achievement of development in individual countries can be included the impact of transformation process on the level of systemic and institutional complementarity, management of globalization processes, the degree of integration into EU structures and approach to the shaping of conditions that indicate a long-term development. The examination of the impact of these processes on the socio-economic development of cohesive economies of Central and Eastern Europe is the subject of the presented contribution.