Nominal and real convergence in Visegrad group countries

Creating a stabile economic environment that is able to resist the competitive pressure at the European market was one of the main conditions for candidate countries in the integration process. In present all new member countries of the European Union are getting ready to enter the European Area, which will represent the round-off of their integration efforts. The countries of the Visegrad group, that are former centrally planned economies of the Soviet block, form quite homogeneous unit and their positions in the integration process were very similar. The main objective of my work is to provide a complex illustration of the progress made in economies of V4 group both during the integration process and over last few years after their accession to the European Union