The 7th annual meeting of the Black Sea Trade and Development Bank (BSTDB) managers will be held in Yerevan, June 5-6. Minister of finances and economy of Armenia, Vartan Khachatrian, and secretary general of the BSTDB, Charalabos Tsarughas called a press conference yesterday on this occasion.
Vartan Khachatrian informed that the annual meeting will consist of two parts: the business congress will be held on the first day and the session of the Bank managers on the second day. He also said that the Black Sea Bank together with the Izmirlian Foundation carries out a program supporting small and average business in Armenia. Both sides have assigned $2 million for the program. Several other programs are in preparatory stage.
Charalambos Tsarughas gave a brief survey of the Bank’s history; it opened in 1999, the center is in Istanbul and 11 countries took part in its foundation. Within the member states, the Bank finances projects in the spheres of energetics, small and average business, trade and transport. The minister of finances and economy represents Armenia in the Board of Managers and deputy president of the Central Bank in the Board of Directors.
The Greek official said that organizations participating in the annual meeting — European Bank for Reconstruction and Development, World Bank — will learn about the region’s, particularly Armenia’s, peculiarities in economics. The Black Sea Bank will introduce its strategy designed for Armenia. The sphere of small and average business will be highlighted as initial one.
The second part of the event will deal with the conditions and opportunities for financing the small and average business. Issues of financial market will be discussed at the third part of the meeting with the participation of not only Armenian bank representatives but also representatives of foreign financial organizations.
Being asked about Azerbaijan’s participation in the annual meeting, Charalambos Tsarughas said that he does not think that any of the member states should opt out of the meeting. He assured that Azerbaijan took part in Bank’s meeting in Yerevan 2 years ago and will participate this time, too. He stated that the organization accentuates business issues.
Vartan Khachatrian added that the BSTDB annual meeting is to be held under patronage of President Robert Kocharian and that the Azeri delegation’s safety and full participation is guaranteed.
By Ara Martirosian
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