Contents: Monetary Policy and Economic Activity in Selected Transition Countries -- Comparison of Transmission Mechanisms; Pensions Reform and Privatisation in CEE; Opportunities Lost; Real Politik, Human Rights and Romany Communities in the Year 2000; Independence or Double Dependence: The East-West Foreign Policy Game in Slovakia and Moldova; Polish Labour Market in the Context of the EU Membership; Self-Employment in Post-Communist Poland; The Emergence of a New Petty Bourgeoisie; East German Unemployment, Active Labour Market Policy and the 'Standort' debate; Tallinn Stock Exchange on the Baltic Securities Market; Financing Problems in Estonian Firms; Teachers 'in Transition' in the Baltic States. The Real Challenge to Educational Reform?