In today's fast evolving Central and Eastern Europe, economic perspectives, especially European Union perspectives are indispensable to the success of the transformation process initiated in the late 1980s and early 1990s. Based on our research output, this thesis offers many such perspectives that can help understand the logic of the transformation and the subsequent business done by national and international enterprises. We have interwoven many information-rich threads of transformation principles with banking, dynamic cultural factors and tax policy that influence these new market-economy countries. We observe the role and the process of financial institutions and also consider the impact that information technology exerts on these economies and thus concluding that the significance of culture development and the betterment of the population are the central driving force within a wider Europe.\ud
\ud
This thesis offers fundamental notions that influence cross-cultural interactions also, providing a concrete basis for understanding the influence of Central and Eastern European countries on the European Union's political choices and vice versa. We examine the transformation and its significance, paradoxes and the interplay of economic approaches and entrepreneurship. In the specific, we look at how the European Union policy towards these countries evolved, suggesting that a trend towards a Bruxelles Consensus is the specific outcome of the European Union's attitudes towards Central and Eastern Europe. An extended evaluation of the consequences for all of us will also emerge as our approach has been that to present all these aspects in a way that inspire understanding of basic governing issues and expectations concerning the future on Central and Eastern Europe in the ever-growing European Union