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Preparation for XV annual meeting of BSTDB Council of Governors discussed in Baku

Business Materials 26 November 2012 19:32 (UTC +04:00)
The Azerbaijani Finance Ministry and the Black Sea Trade and Development Bank (BSTDB) have discussed the preparatory work in connection with XV annual meeting of the Bank’s Council of Governors in Baku in June 2013, the Ministry said today.
Preparation for XV annual meeting of BSTDB Council of Governors discussed in Baku

Azerbaijan, Baku, Nov. 26 / Trend A. Akhundov /

The Azerbaijani Finance Ministry and the Black Sea Trade and Development Bank (BSTDB) have discussed the preparatory work in connection with XV annual meeting of the Bank's Council of Governors in Baku in June 2013, the Ministry said today.

The sides stressed the development of effective relations, as well as great cooperation potential at a meeting held between Azerbaijani Minister of Finance Samir Sharifov and a BSTDB delegation led by Secretary General of the bank Orsalia Kalantzopoulos in Baku.

Today, Greece, Russia and Turkey remain the largest shareholders with stakes of 16.5 percent each. Romania owns 14 percent, Bulgaria and Ukraine - 13.5 percent each, Azerbaijan - 5 percent, Albania - 2 percent, Armenia and Moldova - 1 percent each, and Georgia - 0.5 percent.

Azerbaijani Economic Development Minister Shahin Mustafayev is a manager at the Black Sea Trade and Development Bank from the Azerbaijani side, his deputy - Minister of Finance Samir Sharifov.

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