Azerbaijan, Baku, July 16 / Trend U.Ismayilova /
Representative of Russia in the Black Sea Bank for Development and Trade (BSTDB) Andrei Kondakov has today assumed his duties. Kondakov replaced Hayrettin Kaplan, the bank reported.
Kondakov was elected president of BSTDB until 2014. Turkey has been leading the bank since its establishment, i.e since 1999.
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 - one percent each, and Georgia - 0,5 percent.
A manager in the Black Sea Bank from the Azerbaijani side is Economic Development Minister Shahin Mustafayev and his deputy - Finance Minister Samir Sharifov.
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