By Suleyman Kurt
Published: Sunday 22, 2005
zaman.com
While the debate over the so-called Armenian genocide allegations continues between Turkey and Armenia, bureaucrats from the two countries will discuss how to improve their economic relations at the meeting planned at Yerevan next month, in June.
Armenia will host the yearly “Black Sea Business Days” of the Black Sea Economic Cooperation (KEI) Trade and Development Bank, which was founded with the leadership of Turkey, this year. Armenian President Robert Kocaryan will give the opening speech of the meeting held on 5-6 June. The work on what level Turkey will take part in the meeting continue. In the case the Turkish Minister of State does not participate in the meeting, it is stated that the Undersecretary of The State Planning Organization (DPT) Ibrahim Canakcý will represent Turkey. The business conference was organized by the Armenian government, Armenian banking, and business circles. At the meeting all the representatives of KEI Trade and Development Bank member countries’, international finance associations and special sector representatives will also take part. Development of regional cooperation and the potential of Armenia and the Caucasus for investments will be discussed.
Headquartered in Selanik (Thessaloniki), the Black Sea Trade and Development Bank began to operate on 1 June 1999. A Turk, Mustafa Gurtin, carries on the term presidency of the bank. Turkey with Russia, and Greece are the most powerful partners in the bank. These three countries have 16.5 percent shares each. The share rate of Armenia, on the other hand is 2 percent. The other KEI countries are Albania, Azerbaijani, Bulgaria, Armenia, Georgia, Moldavia, Romania, Russia, Turkey, Ukraine, and Greece.
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