The Black Sea Economic Cooperation Organization (BSEC) is marking its 16th anniversary on June 25. The initiative of regional cooperation has transformed into a full-scale organization which helps peace and stability in the region.

Cooperation between the member states has developed in 15 directions.

Formed in 1992, the BSEC brings together Azerbaijan, Albania, Armenia, Bulgaria, Greece, Georgia, Moldova, Russia, Romania, Serbia, Turkey and Ukraine. 13 countries, including Belarus, Germany, U.S. and France have status of observer.