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
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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