BSEC WORK GROUP FOR BANKING & FINANCE MEETS IN YEREVAN

ARKA
Apr 9, 2009

YEREVAN, April 9. /ARKA/. The work group of the Black Sea Economic
Cooperation Organization (BSEC) for Banking and Finance has met
in Yerevan.

The meeting is being held with Armenia as BSEC Chairing Country and
is to finish work on April 10.

Last November Armenia took over BSEC Chairmanship and is to chair
the organization until April 30.

Among the participants in the 12-member work group’s meeting are
representatives of Armenia, Russia, Bulgaria, Greece, Moldova, Romania,
Serbia, Georgia and Ukraine.

Larisa Tarankova, Chief Economic of the RF Central Bank, reported that
the meeting is of paramount importance – the participants will present
the Central Banks’ experience in overcoming the global financial
crisis. She pointed out that the discussions are in progress now.

"The Serbian and Romanian participants made most interesting reports.

They presented the anti-crisis measures implemented by the countries’
Central Banks. Exchange of experience in the field is most valuable,
and the banks will see how other countries are resisting the crisis
and what means are being applied," Tarankova said.

She also reported that the meeting agenda includes issues of forming
an association of Black Sea banks, intensifying the work group’s
activities, establishing cooperation with the Black Sea Trade and
Development Bank.

The meeting partic ipants will also discuss the issue of improving
exchange of information, creating a proceedings database.