Privatization as the main attribute of transformation process brought benefits and costs; benefits in the form of speed, social justice, reduce abuse of political power and finally privatization of 60% of all businesses and the costs called by its critics as "tunneling of the state." The objective of this dissertation is to compare these revenues and costs and answer to the question whether we can consider the process of Czechoslovakia, respectively Czech privatization in the 1990s as successful. The main determinants of this process was not only the starting conditions, but even then the legal environment and the offered possibilities of privatization. The basic method of this thesis is the analysis of revenues and expenses. For the more objective evaluation I will use a comparison of the results of other emerging countries. Specifically, I will focus on Poland and Hungary, whose starting conditions are deemed as most comparable to ours.