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Armenia has been a pioneer in the use of the Public-Private Partnerships (PPPs) model in the Caucasus to improve its infrastructure and public services. In 2000, nine years since its independence, it concluded its first wave of water concession agreements for the provision of drinking water and…
Since its independence, Armenia has been one of the fastest-growing economies among the countries in Eastern Europe and South Caucasus (EESC) with GDP growth averaging 6 percent during the last two decades. Fueled by substantial reforms and increased foreign investment, the country embarked on a…
A decade after independence, Armenia embarked on a radical reform path to create a vibrant, market economy – triggering substantial economic growth, often reaching double digits.
As recent trends and volatility indicate, sustaining such growth requires addressing a range of structural challenges…
Since their independence, countries in Eastern Europe and the South Caucasus (EESC) – Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine – have introduced far-reaching reforms to boost innovation and benefit from the potential of the growing knowledge-based economy.…
Countries of Central Asia, the Caucasus and Eastern Europe have been hit hard by the socioeconomic impacts of the COVID-19 pandemic, which threatens to derail sustainable development progress in the region.
However, there is also a stronger momentum towards regional cooperation, and countries can…
The countries of Eastern Europe and the South Caucasus (the EESC sub-region), Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine have come a long way in their transition from centrally planned towards market-based economies. After a difficult first decade following…