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Black Sea nations look to expand economic cooperation — Russian Foreign Ministry

December 12, 2014, 18:09 UTC+3 MOSCOW

Foreign ministers from the Black Sea Economic Cooperation organization gathered for a regular session in Thessaloniki, Greece

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© ITAR-TASS/Mikhail Pochuyev

MOSCOW, December 12. /TASS/. Countries in the Black Sea region agreed on Friday to expand economic cooperation with each other, and with partners around the world, the Russian Foreign Ministry said.

Foreign ministers from the Black Sea Economic Cooperation (BSEC) organization, who gathered for a regular session in Greece's second-biggest city Thessaloniki on Friday, confirmed “willingness among member states to expand and deepen multilateral economic cooperation within BSEC, as well as their intention to develop equal and mutually-beneficial cooperation with international partners,” the ministry said after the meeting, noting that participants positively assessed Greece’s six-month chairmanship of the organization from July to December.

Starting January, Moldova will take over the rotating presidency of BSEC, uniting the countries surrounding the Black Sea - Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Serbia, Turkey and Ukraine.

Established in 1992, BSEC is an inter-governmental organization created with the aim to foster interaction and harmony among its member states, as well as to ensure peace, stability and prosperity encouraging friendly and good-neighbourly relations in the Black Sea region.

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