“In the free market, prices must be managed by the very market, but exceptions are possible,” Ziyad Samadzade, head of the standing parliamentary commission on economic policy, said on 20 May when commenting on rise in prices for foodstuffs in the country.

According to Samadzade, creation of grain fund in near future will definitely have an impact on the market. “When necessary, the grain from the fund will be put for turnover and thus everything will be managed,” he said.

The cooperation in the fuel and energy sector will become a strategic direction of further interstate partnership between Turkmenistan and Azerbaijan, the President of Turkmenistan, Gurbanguly Berdimuhamedov, stated in Baku on 20 May.

In his remarks, the Turkmen President said that “Oil and Gas of Turkmenistan and Azerbaijan” conference would be held in Baku in September 2008.

The energy summit to be held in Ukraine this week can play an important role for Europe in diversification of the energy resources, Carlo Stagnaro, Director of the Department Energy and Environment of the Bruno Leoni Institute of Italy said.

Energy summit on energy security will be held in Kiev on 22 to 23 May. The government and business delegations of about 30 countries will take part in the conference including the presidents of Azerbaijan, Georgia, Estonia, Latvia, Lithuania, Moldova, Poland, Romania, the energy commissar of the European Commission, representatives of UN, OSCE, EBRD and World Bank. The key subject of the conference will be feasibility study of the Odessa-Brodi-Plotsk-Gdansk oil pipeline and establishment of the open Baltic-Black Sea- Caspian energy transit space. The summit aims at looking for energy supply sources independent from Russia.