European Bank for Reconstruction and Development (EBRD) reviewed the forecasts for Armenia’s economic growth, EBRD Resident Office in Yerevan said.

“Increase in forecasts for Armenia was conditioned by more optimistic prediction on the economy of partner countries, particularly that of Russia,” Valeriu Razlog told a PanARMENIAN.Net reporter, deeming the new forecast at the level of 4-4,5% based on 2012 outcomes as a product of anti-crisis fiscal policy by Armenian government and monetary policy by the Central Bank of Armenia.

Mr. Razlog further noted that EBRD will follow both domestic and international developments.