Azerbaijan to start returning its citizens’ deposits from the Soviet period

Azerbaijan to start returning  its citizens’ deposits from the Soviet period One topic on Azerbaijan’s economic agenda that has attracted recent attention is the return of the savings of Azerbaijani citizens that were deposited in the Savings Bank of the USSR during Soviet period. There have long been questions about whether such deposits would be returned or not. Finally, after the President’s decree on on returning the deposits of the former Savings Bank of the USSR... Read More

Azeri Oil and Diesel Export Decreased

Azeri Oil and Diesel Export Decreased Azerbaijan’s state oil company SOCAR exported 5,169,000 tonnes of profit oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline in January to March. This constitutes a fall of 423,000 tonnes on to the first quarter of 2011, SOCAR said. The highest monthly export in the first quarter came in January – 1,909,000 tonnes, while 1,359,000 tonnes were exported in February and 1,901,000 tonnes in March. The profit oil is Azeri Light and comes... Read More