BSEC

Organisation of the Black Sea Economic Cooperation (BSEC)

On June 25, 1992, Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine initiated an informal intergovernmental meeting on Black Sea Economic Cooperation. On May 1, 1999, this meeting was transformed into an international economic organization and in June 1988 its charter was signed.

It is intended to be a unique and promising model of multilateral political and economic cooperation.  It is comprised of the following components:
a) The Intergovernmental, which is coordinated by a rotating six-month Chairmanship (undertaken by the member states in alphabetical order)
b) The Interparliamentary, which is coordinated by a rotating six-month Chairmanship (undertaken by the member states in alphabetical order) and is comprised of the following bodies: the BSEC Parliamentary Assembly (PABSEC), the Standing Committee, the Bureau, and individual parliamentary committees. The seat of the International Secretariat of the PABSEC is in Istanbul.
c) The Business component, which through the BSEC Business Council reflects the importance attributed to improving the business environment and extending cooperation across the Black Sea region. The seat of the Secretariat of the PABSEC Business Council is in Istanbul.
d) The Black Sea Trade and Development Bank is BSEC’s funding mechanism and is based in Thessaloniki.
e) The International Center for Black Sea Studies (ICBSS), headquartered in Athens, is acknowledged as BSEC’s think-tank and coordinates scientific and academic communities of the BSEC member states coperation.

Enterprise Greece actively participates in the Working Group for Trade and Economic Development of BSEC.

For more information, please follow the link: http://www.bsec-organization.org/Pages/homepage.aspx