The Process of Economic and Institutional Convergence of Central and Eastern European Countries

In this article it is investigated the subject of real convergence of Central and Eastern European countries on the basis of some theories and models used in the analysis of this process, also the effects of recent crisis upon convergence, the latest results of real convergence and the deficiencies of policies and governance in this field. It is presented EU cohesion policy, the recent achievements and developments of this instrument used for strengthening the convergence, and some conclusions regarding the real prospects of development and convergence of the respective states.