The Transition Report is a unique source of information on economic development in Central and Eastern Europe and the former Soviet Union. Drawing on the EBRD's experience as an investor in twenty-six countries in the region, it offers a comprehensive analysis of each nation's progress in the move towards establishing a market economy. Country-by-country tables and summaries offer much data on all advances made in the key areas of market liberalism and competition, enterprise restructuring and privatization, and financial sector reform (as well as legal reform). Providing extensive coverage of macroeconomic developments and structural reform, the annual Report will be essential reading for investors, policy-makers, and researchers. The special theme of the 1997 edition is "enterprise performance and growth"focusing on the foundations for a recovery in output and long-term growth in the region.