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BSTDB board of governors sitting held in Yerevan

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  • BSTDB board of governors sitting held in Yerevan

    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.
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