“The growth of economy of such countries as Armenia, Georgia and Ukraine is provided at the expense of monetary transfers,” as stated in the report of the European Bank of Reconstruction and Development. According to the Liberty radio station, the deputy-director of “Finexpertiza” company, Aghvan Mikaelyan said that Armenia and Ukraine receive 12 billion USD due to annual transfers; Georgia receives 24 billion USD. “The entire work force of those countries works in Russia. They are not only workers but also businessmen. And the economic growth of Russia automatically turns into money, which they transfer to their countries and spend there,” said Mikaelyan. Meanwhile the senior specialist of European Bank, Erik Bergloff said to the “RBK” daily that the growth of the Armenian, Georgian and Ukrainian economies is also provided due to the increase in agricultural, industrial product prices. “The growth of such countries is also mainly stipulated by the growth of inner consumption level,” said Bergloff.
