Inequality is the central topic taken up by this study, which is one of the first in-depth comparative examinations of inequality in Southeast Europe to date, a colossal task due to the challenges of conducting research in an area with both limited data and limited comparability between countries. Its analysis casts into stark relief the incomplete process of economic transition and transformation in the poorest corner of Europe. The report suggests that at the heart of the region�s economic malaise is a staggering degree of income inequality resulting in disadvantages for some � in treatment, in opportunities, and in shares. The cleavages detailed in this report are quite profound and indeed worse than what has been suggested by comparable research relying on consumption data alone.