TODAY.AZ / Business

Savings banked in USSR period reviewed in Executive Office of President

25 March 2006 [10:24] - TODAY.AZ
Documents concerning returning of population's savings banked in the USSR period are reviewed in the Executive Office of President.

As APA informs, terms of returning of savings will be announced next week.

The Minister said that although less time is left, all works will be completed by the end of the fixed period. Concerning increase of minimum salary of population Mr.Alakbarov said that this process was planned to be started from October 1.

However, it is not excluded that this process will be accelerated: "All Ministries and executive heads were cooperated with. Certain measures must be implemented from April 1".

Mr.Alakbarov commenting on fall of YTM (yield to maturity) of T-bills said that it's dictated by the market: "I think that YTM of T-bills will increase."


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