BSEC Business Council (BSECBC)

BSEC BC

Black Sea Economic Cooperation Organization (BSEC) Business Council is an international, non-governmental and non-profit organization established in 1992, with the aim of lobbying and acting for the continuous improvement of the business environment throughout the Black Sea region to the benefit of the local business people and to help attract foreign investment. The International Secretariat of BSEC Business Council is located in Istanbul, Türkiye.

Representing the business communities in the 13 Member States (Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, North Macedonia, Romania, Russia, Serbia, Türkiye, Ukraine), the BSEC Business Council aims to promoting business cooperation and regional integration in the Wider Black Sea Area, as well as integration into the global business system.

What is needed today is a greater cooperation and coordination between the business communities of different countries. Dialogue is the key to sustained growth and progress. In this context, the BSEC Business Council offers a unique advantage.

The BSEC Business council is a body under the Organization of the Black Sea Economic Cooperation (BSEC). 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. It traces its origin to 25 June 1992, when leaders of eleven countries gathered in Istanbul and signed the Summit Declaration and the "Bosphorus Statement". 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.

With the entry into force of its Charter on 1 May 1999, BSEC acquired international legal identity and was transformed into a full-fledged regional economic organization: Organization of the Black Sea Economic Cooperation. With the accession of North Macedonia, the Organization’s Member States increased to thirteen (Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, North Macedonia, Romania, Russia, Serbia, Türkiye, Ukraine).