The bank raised the upper level of the rate corridor to 8.25 percent from 8.0 percent, while the lower level remained unchanged - at 6.0 percent.

Gas exports from Shah Deniz amounted to 15.923 billion cubic metres (bcm) in the first eleven months of this year, 44.4 percent up from the same period last year.

The strategy aimed at enhancing the competitiveness of Georgian companies, promoting inclusion and regional development and supporting the country's green economy transition.

The ministry said that oil production in November was below the country's quota under OPEC+ commitments at 647,000 bpd.

Armenia's economy has expanded by 2.7 percent in the third quarter of this year, backed by a rise in prices for commodities on world markets, growth in agriculture and robust tax collections figures.