BSTDB Reaffirms Commitment to Regional Cooperation at the 52nd Meeting of the BSEC Council of Ministers of Foreign Affairs
President Köksal highlights development priorities and the importance of cooperation across the Black Sea region
The President of the Black Sea Trade and Development Bank (BSTDB), Dr. Serhat Köksal, addressed the 52nd Meeting of the Council of Ministers of Foreign Affairs of the Organization of the Black Sea Economic Cooperation (BSEC), held online under the Chairmanship-in-Office of Georgia.
In his address, Dr. Köksal reaffirmed BSTDB’s commitment to supporting economic development, regional integration and resilience across its member countries. As a BSEC Related Body, the Bank continues to contribute to regional cooperation and development efforts across the Black Sea region. He noted that since the previous meeting of the Council, the Bank’s Board of Directors has approved 12 new projects amounting to EUR 252 million and continued to expand support for small and medium-sized enterprises through partner financial institutions.
“Dialogue, partnership and regional cooperation are essential for advancing sustainable growth and shared prosperity,” Dr. Köksal said. “BSTDB remains committed to supporting investments that strengthen connectivity, resilience and sustainable development across the Black Sea region.”
The meeting provided an opportunity to exchange views on priorities for strengthening economic cooperation and sustainable development across the Black Sea region. As a BSEC Related Body, BSTDB remains committed to supporting these objectives through its financing activities and ongoing cooperation with its member countries.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.
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