KIEV, May 19 – The European Bank for Reconstruction and Development has revised upward its outlook for economic recovery for 2010 in Eastern European countries with transition economy to 3.7%, from 3.3% forecasted in January.

As the EBRD said in a report, "the present upward revision is based on an improving economic outlook for some of the largest economies in the region, including Russia, Turkey and Ukraine. "For other countries, however, the Bank is now less optimistic than it was at the beginning of the year. For example, the forecasts for Romania and Bulgaria have been revised down."