This book gives the results from the international research project "State Enterprise Restructuring in Bulgaria, Romania and Albania" financed by ACE Programme of European Union. The research covers firms from three countries from South Eastern Europe for which enough information is still missing in comparison for instance with the countries of Central Europe. A common research methodology was applied to each of the countries and a comparable sample of enterprises was taken. The comparative analysis of the process of restructuring as well as the main structural changes and industrial policies are given ib the book. The results of 19 case studies of enterprises (7 case studies in Bulgaria and Romania each, and 5 case studies in Albania) are presented. Each of the reports comprises a short summary of the characteristics of the studied enterprise, determination of the intensity and importance of the main shocks accompanying the macroeconomic changes, and analysis of the short- and long-term responses of enterprises to the shock effects. The research project was carried out by a team of scientists from research institutes from five countries from Eastern and Western Europe: Institute of Economics - Sofia, LBS - London, ROSES - Paris, Institute of National Economy - Bucharest, and the Economic Faculty of the University of Tirana.