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.
EBRD experts evaluate economic development of South Caucasus
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