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The Black Sea Economic Cooperation Organization Business Council was formed in 1992 as an international, non-governmental and non-profit organization to strengthen the improvement of the business environment within Black Sea region. Business Council represents the business communities of member states.
Black Sea Economic Cooperation was formed according to the Istanbul Summit Declaration and the Bosphorus Statement signed on 25 June 1992 by the Heads of State and Government of the countries in the region.
The Parliamentary Assembly of the Black Sea Economic Cooperation (PABSEC) is the inter-parliamentary consultative institution of the BSEC. Armenia is represented in the PABSEC through its delegation of four deputies which are nominated by the National Assembly of Armenia. [6] Since 2021, Babken Tunyan is the Head of Armenia's delegation to the ...
Primary objectives of the Mission include, enhancing regional economic cooperation, developing closer ties with BSEC member states and the Secretariat, and promoting economic growth, tourism, and infrastructure projects around the wider Black Sea region. [4] [5]
The Black Sea Trade and Development Bank (BSTDB) is an international development finance institution serving the eleven member founding countries of the Black Sea Economic Cooperation, a regional economic organization. It supports economic development and regional cooperation by providing loans, guarantees, and equity for development projects ...
Both countries are full members of the Organization of the Black Sea Economic Cooperation, Organization for Security and Co-operation in Europe and the Organisation of Islamic Cooperation (Albania is a member, while Russia is an observer state).
BSEC, the Organization of the Black Sea Economic Cooperation, is a regional organization focusing on multilateral political and economic initiatives aimed at fostering cooperation in the Black Sea region.
Economic Cooperation Organization (ECO) Eurasian Economic Union (EEU or EAEU) GUAM Organization for Democracy and Economic Development; Organization of the Black Sea Economic Cooperation (BSEC) Organization of Turkic States (OTS) Shanghai Cooperation Organisation (SCO) TRACECA; Union State; Trans-Atlantic Group of Seven; Group of Ten (economics)