ECONOMIC DEVELOPMENT AND ENTREPRENEURSHIP IN TRANSITION ECONOMIES: Challenges in the Business Environment, Barriers and Challenges for Business Development, and Institutional Infrastructure Key Notes and Special guests: Prof. Peter Rosa, The University of Edinburgh, UK Prof. David Smallbone, Kingston University, UK Prof. Nora Ann Colton, University of East London, UK, (the Dean of the Business School) Prof. Friederike Welter, Jonkoping University, Sweden Prof. Andrew Burke, Cranfield School of Management, UK; Prof. Alistair R. Anderson - Robert Gordon University, UK, (Editor of Entrepreneurship & Regional Development) Prof. Donato Iacobucci, University of Ancona. Italy Prof. Vassilios Fouskas, Richmond University, UK, (Editor of Balkan & Near Eastern Studies) REDETE conference continues to be one of the major forums for entrepreneurship and economic development in transitional countries. The main focus of the 3RD REDETE conference is on local economic development and business development connected with the following three themes: Challenges in the business environment, Barriers and challenges for business development, and Institutions (institutional infrastructure). Although papers on any aspect of entrepreneurship and economic development in transition economies will be considered, we are particularly interesting in research dealing with factors influencing or affecting economic development and development of entrepreneurship in transition economies in the last decade.