Black Sea Economic Cooperation Zone (BSEC)

Black Sea Economic Cooperation Zone (BSEC)

Established- 25 June 1992
Aim- to enhance regional stability through economic cooperation
Members- (12) Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Serbia, Turkey, Ukraine; note - Macedonia is in the process of joining
Observers- (17) Austria, Belarus, Black Sea Commission, EU, Croatia, Czech Republic, Egypt, Energy Charter Secretariat, France, Germany, International Black Sea Club, Israel, Italy, Poland, Slovakia, Tunisia, US; note - Bosnia and Herzegovina and Slovenia have applied for observer status