Organization of the Black Sea Economic Cooperation

Organization of the Black Sea Economic Cooperation
Formation25 June 1992
TypeEconomic cooperation organization
HeadquartersIstanbul, Turkey
Location
Membership
Secretary General
Romania Lazăr Comănescu
Website

The Organization of the Black Sea Economic Cooperation (BSEC) is a regional international organization focusing on multilateral political and economic initiatives aimed at fostering cooperation, peace, stability and prosperity in the Black Sea region. It traces its origin to 25 June 1992, when Turkish President Turgut Özal and leaders of ten other countries gathered in Istanbul and signed the Summit Declaration and the "Bosphorus Statement". BSEC Headquarters – the Permanent International Secretariat of the Organization of the Black Sea Economic Cooperation (BSEC PERMIS) – was established in March 1994, also in Istanbul.[1]

With the entry into force of its Charter on 1 May 1999, BSEC acquired international legal identity and was transformed into a full-fledged regional economic organization: Organization of the Black Sea Economic Cooperation. With the accession of Serbia (then Serbia and Montenegro) in April 2004, the Organization’s Member States increased to twelve.[1] North Macedonia's accession in 2020 increased the organization's membership to thirteen.

An important aspect of the activities of BSEC is the development of SME and entrepreneurship in the member countries. Concerning these issues, a series of workshops have been organized in cooperation with Konrad Adenauer Foundation and ERENET.[2]

  1. ^ a b Permanent International Secretariat. "About BSEC". Black Sea Economic Cooperation (BSEC). Archived from the original on 2007-09-28. Retrieved 2009-05-29. With the accession of Serbia and Montenegro in April 2004, the Organization's Member States increased to twelve.
  2. ^ Antal Szabó (ed.), Emerging entrepreneurship and the policy development in the BSEC after the economic crises, Konrad-Adenauer-Stiftung, Ankara 2012, ISBN 978-975-7968-99-3

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