BSEC BSEC

BSEC - Definition and Overview

The Organization of the Black Sea Economic Cooperation is an organization created on June 25, 1992, to promote cooperation between its members, hoping to transform the BSEC into a regional economic organization. Founding members are: Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. Since then, Serbia and Montenegro has also become a member.

The chairmanship is currently held by Greece (1 November 2004 - 30 April 2005).

Membership is not restricted to countries which have access to the Black Sea.

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