Pan Armenian News

BSTDB BOARD OF GOVERNORS SITTING HELD IN YEREVAN

06.06.2005 02:52

/PanARMENIAN.Net/ The seventh sitting of the Board of Governors of the Black
Sea Trade & Development Bank (BSTDB) and the Black Sea Business Forum
started in Yerevan on Sunday. High rank officials of the Black Sea regions
as well as of a number of international and financial organizations – the
European Union, European Bank for Reconstruction and Development,
International Monetary Fund, World Bank and International Financial
Corporation – have been invited to the Business Forum. The delegation of the
Russian Federation headed by the Russian branch of the BSTDB, director of
the department for investment policy of the RF Ministry of Economic
Development Svetlana Ganeyeva is taking part in the BSTDB sitting. The
participants of the sitting held under the aegis of the Armenian President
and Government are considering the annual report on the bank activities in
2004 and the key issues of the BSTDB development. The election of the new
chairman is also on the agenda. To remind, presently the post is occupied by
Armenian Minister of Economy and Finance Vardan Khachatrian. The discussions
of the forum will focus on the realization of the investment potential of
the Caucasus and the role of international organizations of the process as
well as the assistance to small business in Armenia and other states of the
Black Sea region. To remind, the Black Sea Trade & Development Bank was
founded in 1994 by members of the Black Sea Economic Cooperation
Organization – Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece,
Moldova, Russia, Turkey and Ukraine. The BSTDB promotes the economic
development of the member-states by financing the programs of state and
private enterprizes, RIA Novosti reports.