From 2000 till 2007, the economy of Central and Eastern Europe was stable on the whole and developed rapidly. However, since the outbreak of the international financial crisis in 2007, the economic situation in transition countries in Central and Eastern Europe deteriorated abruptly. The impact and influence of international financial crisis on Central and Eastern European countries is related with the system basis and economic development pattern after these countries’ transition. This article analyzes the related reasons from various aspects for the impact of international financial crisis on these nations’ economy, and predicts the future development trends as well.