The rate on access operations to provide liquidity was set at 10.75 percent and the rate on access operations to withdraw liquidity - at 8.75 percent.

The Energy Ministry said that oil production would still be below 718,000 bpd produced in October 2018, when members of OPEC+ agreed to reduce oil production gradually.

Commercial banks reported a total net profit of 1.642 billion lari ($529 million) from January to September compared to a loss of 252.1 million lari in the same period in 2020.

Gross domestic product (GDP) grew by 2.7 percent year-on-year in January-September. In nominal terms, the GDP reached 126 billion rubles ($52.1 billion).

Moldova, one of Europe’s poorest countries in per capita terms, is pressing for a renewal of that deal while pursuing any one of a number of alternative avenues to secure supplies.

Kazakhstan relies on its rainy-day fund to fill the budget gaps, although plans to reduce the transfer from the fund to the state budget to 2.4 trillion tenge in 2024.