The presentation analyzes the key features and origins of three variants of capitalism that have emerged in East-Central Europe: a neoliberal type in the Baltic states (and Bulgaria and Romania), an embedded neoliberal type in the Visegrad countries, and a neocorporatist type in Slovenia. Based on a Polanyian framework, the first part of the talk explores the differences of these capitalist varieties in terms of marketization, industrial transformation, social protection, industrial protection and macroeconomic stability. The second part explains how these varieties have come about. First, it is argued that the legacies of the past, and their perceptions as either threats or assets to these countries’ future, have had a deep impact on regime types. Second, the importance of transnational influences in shaping regime formation will be shown.