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Since liberalisation from 2001 onwards, the electricity markets of eastern Europe have been growing fast, both in terms of the number of international players present, and the sophistication of the incumbents.

Our report focuses mainly on the Czech Republic, Hungary, Poland and Slovakia who joined the European Union in May 2004, and Romania, Bulgaria who are scheduled to join in 2007.

Pressure to open these markets up to greater competition is coming not only from governments, but also from

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