This book is yet another story of post-communist transformation (or transition, or systemic change – all terms are intended to mean the same and are used interchangeably). But it is one that is rarely told from the perspective taken here. For it makes the new private firms the centerpiece of the story. Their establishment and expansion, their share in the aggregate output and employment, and the enabling conditions required for their success, are shown to be of crucial importance for the transition process.