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Azerbaijan is The Most Developed Country in Region: EBRD Regional Director

Business Materials 29 February 2008 17:02 (UTC +04:00)
Azerbaijan is The Most Developed Country in Region: EBRD Regional Director

Georgia, Tbilisi, 29 February/ corr. Trend N. Kirtskhalia/ Azerbaijan is the most dynamic and economically developed country in the region, Michael Davy, the director of the territorial branch of the European Bank of Reconstruction and Development (EBRD) on Belarus, Moldova and Caucasus, said to the special correspondent of Trend .

Davy is participating in the international conference on reforms in Georgia, which is being held with the support of EBRD.

"In 2007, the economic growth in Azerbaijan totaled to 30%- which is several times more than the other countries of the region," Davy said and added that the same figure totaled only 10% in Georgia and 8% in Russia.

The correspondent can be contacted at: [email protected]

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