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EBRD Experts Evaluate Economic Development Of South Caucasus

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  • EBRD Experts Evaluate Economic Development Of South Caucasus

    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
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