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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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