Black Sea Economic Cooperation (BSEC)
Press release on the results of the 36th Meeting of the Council of Ministers of Foreign Affairs of the Organisation of the Black Sea Economic Cooperation
On June 29, the 36th Meeting of the Council of Ministers of Foreign Affairs of the Organisation of the Black Sea Economic Cooperation (BSEC) was held in Istanbul, wrapping up Turkey’s BSEC chairmanship. Attending the meeting were heads and representatives of the foreign ministries of Azerbaijan, Albania, Armenia, Bulgaria, Greece, Moldova, Russia, Romania, Serbia, Turkey, and Ukraine, as well as representatives of BSEC observer nations and BSEC partner countries on sectoral dialogue. Russia was represented at the Council of Ministers of Foreign Affairs by Yevgeny Stanislavov, Head of the Economic Cooperation Department.
At the meeting, participants discussed the results of the May BSEC Summit in Istanbul marking the 25th anniversary of the Organisation. They exchanged opinions on the prospects of cooperation between the region’s countries and ways of making the Organisation more effective, primarily by stepping up its efforts to develop projects. In this context, there was emphasis on the importance of establishing in due time the region’s project cooperation development mechanism at the initiative and with the financial support of the Russian Federation .
The results of the meetings held by ministers of economy and agriculture were also discussed, as well as the results of sessions of the working groups on banking and finance, trade and economic cooperation, energy, small and medium-sized businesses, science and technology, culture, and other events that took place during Turkey’s chairmanship in the Organisation, which was highly praised by the participants in the Council’s meeting.
Ukraine has taken over the BSEC chairmanship for the period from July to December 2017.