tranzicija

1. (in economics and politics) transition
   Mnoge fabrike su propale tokom tranzicije. — Many factories went under during the transition.
   Srbija je i dalje zemlja u tranziciji. — Serbia is still a country in transition.
2. transition
   Tranzicija na novi sistem trajaće nekoliko meseci. — The transition to the new system will take several months.

Used on its own in Serbia, it usually refers to the post-socialist reforms after 2000.