Global innovation index – 2011*

Armenia 69 Azerbaijan 88 Georgia 73 Russia 56 Iran 95 Turkey 65 *Rank out of 125 countries, measured by the following categories: institutions, human capital and research, infrastructure, market and business sophistication, as well as scientific and creative outputs Source:

Country risk assessment* – 2011

Armenia 69 Azerbaijan 78 Georgia 76 Turkey 54 Russia 57 Sweden 5 UK 16 Sources: euromoney.com, cba.am* Rank out of 100 countries, measured by six categories: political risk (30%), economic performance (30%) and structural assessment (10%), dept indicators (10%), credit ratings