The 54th sitting of the Board of the Black Sea Bank for Trade and Development (BSBTD) was held in the Greek City of Saloniki. During the sitting, the initial reading of the Bank strategy for Azerbaijan was considered along with other issues, a source in the Azerbaijan Economic Development Ministry told Trend. The strategy is expected to be approved during the next sitting of the Board of BSBTD scheduled for February, 2007.
Participants of the arrangement marked the high economic growth and the dynamic development of Azerbaijan against other member-states of BSBTD in 2005-2006.
The fourth special meeting of the Council was held during the event. During this meeting, the banks business plan and schedule for 2007-2010 was approved. According to this document, credits considered for projects to be implemented in member-states of BSBTD are expected to be doubled in the next few years.
Starting from the next year, Bulgaria and Romania, two members of the bank, which are joining EU will create a positive effect on the image of BSBTD in the whole region.
The Azerbaijani party was represented by Mikayil Jabbarov, Deputy Azerbaijan Economic Development Minister and BSBTD Director for Azerbaijan.