In order to overpass the crisis’s impact on the mortgage crediting market, since mid September Federal Reserve System has reduced the rate seven times by 3.25 percentage points to 2%, while the administration of the European Central Bank stated that it is not going to change the key percentage rate which is 4%.

“At present, about 100mln people are below the poverty line because of the increase in food prices- as per the World Bank. No country can avoid increase in prices,” Miller stated.

Natig Aliyev, Minister of Industry and Energy of Azerbaijan, stated during the meeting with Robert Lombardi, Head of the company EGL-AXPO, in Baku that the Azerbaijani Energy Ministry, Turkey, Greece and Italy would sign a gas agreement in the end of May. Under the agreement, the Azerbaijani gas will be transported to Europe via the territory of Turkey. The European Union is planning to form inter governmental coordination Council on the gas pipeline issues to step up the efficiency of cooperation amongst the project member-countries.