What BSEC is and how it works
The Danube reaches the Black Sea through a delta divided between Romania and Ukraine. Bulgaria, Georgia, Russia and Türkiye hold the rest of that coastline. Seven members have no shore on the sea the organisation is named for: Albania, Armenia, Azerbaijan, Greece, Moldova, North Macedonia and Serbia. The founding declaration was signed in Istanbul on 25 June 1992.
Counted from the members
- Members
- 13
- Founded
- 1992
- People
- 334.6 m
- Economy
- $5.5 tnGDP
- Per person
- $16 517a head
- Land area
- 19 306 707km²
The sea, and the members who are not on it
Six members hold shore on the Black Sea: Bulgaria, Georgia, Romania, Russia, Türkiye and Ukraine. The others reach it at a remove or not at all. Moldova and Serbia sit in the Danube basin with no coast of any kind. North Macedonia drains to the Aegean by the Vardar and to the Adriatic by the Black Drin. Albania faces the Adriatic, Greece the Aegean and the Mediterranean, and Azerbaijan the Caspian, whose surface its record puts at 28 metres below sea level. Armenia's rivers run to the Caspian too, by way of the Kura.
Every ship that enters or leaves the Black Sea does so through the Turkish Straits, which lie inside one member. The sea's catchment is a good deal wider than its rim, and a roster wider than the coastline is the readable consequence of that.
An initiative before it was an organisation
Heads of state and government of eleven countries signed the Summit Declaration and the Bosphorus Statement in Istanbul on 25 June 1992: Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye and Ukraine. What they had signed was an initiative with no legal personality of its own, and it stayed one for close to seven years. The Permanent International Secretariat opened in Istanbul on 10 March 1994. The Charter adopted at Yalta in 1998 entered into force on 1 May 1999, and on that day the initiative became an organisation able to hold rights in its own name. The UN General Assembly granted it observer status by resolution 54/5 on 8 October 1999.
The alphabet as a rota
The Council of Ministers of Foreign Affairs is the principal decision-making organ, and it convenes at least once every six months in the country then holding the chairmanship. The chairmanship rotates every six months in English alphabetical order, two terms to a year, one beginning in January and one in July. Albania opens the sequence and Ukraine closes it, and a full cycle runs 13 terms, which is six and a half years. Nothing in the order is bargained for. It falls out of how the members' names are spelled in one language.
Two seats added, and a bank that did not add them
Serbia's seat was taken in April 2004 by the state union of Serbia and Montenegro; the union dissolved in 2006 and Serbia kept the seat. North Macedonia was admitted in 2020.
The financing arm did not follow. The Black Sea Trade and Development Bank has worked from Thessaloniki, on the Aegean, since it began operations in June 1999, and it lists eleven shareholder countries: the founders, without either of the states admitted to the organisation since. The Parliamentary Assembly, founded in 1993 and seated in Istanbul, does seat delegations from all of them.
The outer ring
Observer status is open on request to any state or international organisation, and the Council grants, suspends or terminates it under the Rules of Procedure. The observers are Egypt, the European Commission, the Energy Charter Secretariat, the Commission on the Protection of the Black Sea against Pollution and the International Black Sea Club: one state and four institutions. The sectoral dialogue partners are institutions throughout, among them the Danube Commission, the Black Sea Universities Network, the Conference of Peripheral Maritime Regions in Europe and the Union of Road Transport Associations in the BSEC Region.
What nobody has to agree about
The organisation's own statement of purpose asks members to act "in a spirit of friendship and good neighborliness" and to pursue economic collaboration "in a manner not contravening the international obligations of the Member States". The second clause carries the weight. Bulgaria, Greece and Romania are member states of the European Union. Albania, Bulgaria, Greece, North Macedonia, Romania and Türkiye are in NATO. Armenia and Russia are in the Eurasian Economic Union and the Collective Security Treaty Organization. Azerbaijan and Türkiye are in the Organization of Turkic States and the Economic Cooperation Organization. Every member is a participating State of the OSCE and a member of the UN.
There is no common tariff here, no free trade area, no currency and no security guarantee. What the countries around and behind this sea signed in 1992 obliges none of them to give up anything they had signed elsewhere, and the record of what they have signed elsewhere is on each of their pages.
Counted from the records
What BSEC runs on
- Landlocked members
- 5 of 13without a coast
- In the United Nations
- 13 of 13every member holds a seat
- Time zones
- +01:00, +02:00, +03:00, +04:00, +05:00, +06:00, +07:00, +08:00, +09:00, +10:00, +11:00, +12:0012 offsets
- Currencies
- EUR, ALL, AMD, AZN, GEL, MKD, MDL, RON, RUB, RSD, TRY, UAHEUR in 2 of them
- Official languages
- Albanian, Romanian, Armenian, Azerbaijani, Azerbaijani Sign Language, Bulgarian, Georgian, Greek, Macedonian, Russian, Serbian, Turkish and 1 moreAlbanian in 2 of them
- How they are filed
- 13 sovereign statesthe roster's own three statuses
- Driving side
- right, in every member
- Calling codes
- +30, +355, +359, +36, +373, +374, +380, +381, +389, +40, +7, +90, +994, +995
Common questions
Questions about BSEC
Which countries are in BSEC?
Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, North Macedonia, Romania, Russia, Serbia, Türkiye and Ukraine. The first eleven of those, taking Serbia and North Macedonia out, signed the founding declaration in Istanbul on 25 June 1992. Serbia's seat was taken in April 2004 by the state union of Serbia and Montenegro, which dissolved in 2006, and North Macedonia was admitted in 2020.
Do all the BSEC members have a Black Sea coast?
No. Six do: Bulgaria, Georgia, Romania, Russia, Türkiye and Ukraine. Seven do not: Albania, Armenia, Azerbaijan, Greece, Moldova, North Macedonia and Serbia. Some of those sit in the Danube basin and drain to the sea without touching it, some drain to the Caspian, and some face the Adriatic or the Aegean. The grouping follows the catchment and the trade behind it, not the shoreline.
When did BSEC become an international organisation?
On 1 May 1999, when the Charter adopted at Yalta in 1998 entered into force and the body acquired legal identity in its own name. Before that it had run since 25 June 1992 as an initiative, with a Permanent International Secretariat opened in Istanbul on 10 March 1994. The UN General Assembly granted it observer status by resolution 54/5 on 8 October 1999.
How is the BSEC chairmanship decided?
By the alphabet. The Chairmanship-in-Office passes every six months in English alphabetical order, two terms a year, one starting in January and one in July, so Albania comes first and Ukraine last before the sequence begins again. The Council of Ministers of Foreign Affairs meets at least once every six months in whichever country is holding the term.
Is BSEC a free trade area?
No. It has no common tariff, no common external trade policy, no shared currency and no security guarantee. Its stated purpose is economic collaboration pursued "in a manner not contravening the international obligations of the Member States", which is the clause that lets European Union members, NATO members and members of the Eurasian Economic Union sit in the same body without renouncing anything.
Who takes part in BSEC without being a member?
Egypt holds observer status, alongside four institutions: the European Commission, the Energy Charter Secretariat, the Commission on the Protection of the Black Sea against Pollution and the International Black Sea Club. Observer status is open on request and the Council may grant, suspend or terminate it under the Rules of Procedure. A separate list of sectoral dialogue partners holds bodies such as the Danube Commission and the Black Sea Universities Network.
How the membership was established
The members listed on this site are the ones BSEC publishes itself, read on 2026-09-02. Every other group here takes its membership from the statements on each country’s own record, which for this one are incomplete.
Sources
- BSEC Member States · Organization of the Black Sea Economic Cooperation. The roster as the organisation publishes it, read on 2 September 2026.
- Frequently Asked Questions · BSEC. The eleven founding states, the signing of 25 June 1992, the secretariat of 10 March 1994, the Yalta Charter of 1998 in force on 1 May 1999, and the six-month chairmanship in English alphabetical order.
- BSEC at a Glance · BSEC. The founding declaration and the Bosphorus Statement, and the transformation into a regional economic organisation on 1 May 1999.
- Our Mission · BSEC. The wording quoted here on friendship and good neighbourliness, and on collaboration not contravening the international obligations of the member states.
- Partners: Observers, Sectoral Dialogue Partners and International Organizations · BSEC. The observer list of Egypt and four institutions, the sectoral dialogue partners, and the grant of UN General Assembly observer status by resolution 54/5.
- Cooperation between the United Nations and the Organization of the Black Sea Economic Cooperation, A/RES/54/5 · United Nations General Assembly, 8 October 1999. The resolution that granted BSEC observer status.
- Who We Are · Black Sea Trade and Development Bank. The headquarters in Thessaloniki, the start of operations in June 1999, and the eleven shareholder countries.
- Parliamentary Assembly of the Black Sea Economic Cooperation · PABSEC. The founding in 1993 and the national delegations, which include Serbia and North Macedonia.
- Organization of the Black Sea Economic Cooperation · The accession of Serbia and Montenegro in April 2004 and of North Macedonia in 2020, which the organisation's own pages record without dates.