The Organization of the Black Sea Economic Cooperation is a regional international organization focused on multilateral political and economic cooperation aimed at fostering peace, stability and prosperity in the Black Sea region. It originated on June 25, 1992, when Turkish President Turgut Ozal and ten other leaders met in Istanbul to sign its founding documents, and its permanent secretariat was established in Istanbul in March 1994. It became a formal regional economic organization once its charter entered into force on May 1, 1999. Membership grew to twelve states with Serbia's accession in 2004 and to thirteen with North Macedonia's accession in 2020, and among its activities the organization supports the development of small and medium sized enterprises and entrepreneurship in the region.
Facts
Founding Year Founding Date Headquarters Classification
Institution SubtypeInternational Financial Institution 1 Geography
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Sources
1. Wikipedia
Wikimedia FoundationOrganization of the Black Sea Economic Cooperation, lead paragraph, BSEC Headquarters sentenceQuote, Organization of the Black Sea Economic Cooperation, lead paragraph, BSEC Headquarters sentence
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.
2. Organization of the Black Sea Economic Cooperation (Wikipedia)
Infobox: headquarters
Istanbul, Turkey
Organization of the Black Sea Economic Cooperation, lead paragraph
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".
Lead section
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.
In Group: Economic Unions and Stability Facilities of Europe and Eurasia, Lead
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.
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