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EBRD EXPERTS EVALUATE ECONOMIC DEVELOPMENT OF SOUTH CAUCASUS
Vestnik Kavkaza
May 21 2012
Russia
EBRD experts believe that Georgia is conducting the most successful
economic policy in the Caucasus, a report of the European Bank for
Reconstruction and Development reads, Business-Georgia reports.
The EBRD also forecasts the highest economic growth in 2013 in
Georgia. Thus, according to the forecast, Georgia will show 5.5%
economic growth, Armenia - 4% and Azerbaijan - 3-3.5% until 2013.
The document notes that Armenia's economy is developing at the
expense of public funding and an intense flow of private investment
from abroad.
As for Azerbaijan, experts see a certain danger due to the decline
in the oil industry. EBRD experts believe that the main problem of
Azerbaijan's economy is its dependence on the oil industry.
From: Emil Lazarian | Ararat NewsPress
Vestnik Kavkaza
May 21 2012
Russia
EBRD experts believe that Georgia is conducting the most successful
economic policy in the Caucasus, a report of the European Bank for
Reconstruction and Development reads, Business-Georgia reports.
The EBRD also forecasts the highest economic growth in 2013 in
Georgia. Thus, according to the forecast, Georgia will show 5.5%
economic growth, Armenia - 4% and Azerbaijan - 3-3.5% until 2013.
The document notes that Armenia's economy is developing at the
expense of public funding and an intense flow of private investment
from abroad.
As for Azerbaijan, experts see a certain danger due to the decline
in the oil industry. EBRD experts believe that the main problem of
Azerbaijan's economy is its dependence on the oil industry.
From: Emil Lazarian | Ararat NewsPress