26 August 1998, Copyright � Turkish Daily News 

BSEC to consider Germany's bid for observer status in October

Ankara - Turkish Daily News

The Black Sea Economic Cooperation Organization (BSEC) will discuss and vote on Germany's bid for observer status in this regional body in October, the Anatolia news agency reported.

Turkey has expressed support for Germany's request. A statement from the German Embassy in Ankara on Monday said, "Turkey's support was proof of the importance which Turkey attributes to cooperation with Germany and its desire to further extend it."

The BSEC was initiated by late Turkish President Turgut Ozal in 1992 as a platform of cooperation between Russia, Ukraine, Greece, Albania, Bulgaria, Romania, Georgia, Azerbaijan, Armenia, Moldova and Turkey.

In early June the participant countries signed the body's charter and formally converted it into a regional organization. The highest organ of the BSEC is presidential summits. The only regular mechanism for taking decisions is the Council of Foreign Ministers. The BSEC Solidarity Bank, based in the Greek city of Thessalonica, is seen as the locomotive of the organization.