Despite a lack of substantial structural changes (privatisation, vertical unbundling, establishment of an independent regulator) most infrastructure industries demonstrated moderate success towards adjusting their performance to market requirements. While the overall reform progress can be evaluated as slightly positive, the railway industry, which had been one of the poorest reformers, demonstrated substantial progress towards market reform. On the other hand, the gas industry continued to be resistant to implementing market reforms. In general, the most urgent reform requirements outlined in the previous issues of IMU still remain unaccomplished.