This article attempts to apply a constitutional political economy approach to a subject that has rarely if ever been analysed from this perspective. While the systemic change following the collapse of the Soviet Empire has provided social scientists with the opportunity to refer to constructivist insights on the holistic transformation of the social order, the application of related theories has been meagre. The following analysis presents an outline of how constitutional development influenced economic change in one of the new EU member states during the past two decades, and formulates suggestions on how insights from the above line of thought might be operationalised to improve the given institutions and policies.