INSTITUTIONAL AND BUSINESS INTERACTION OF THE BLACK SEA COASTAL STATES

Abstract

01 July 2016 Russia has taken over the Chairmanship of the Organization of the Black Sea Economic Cooperation (BSEO). Geostrategic position of Russia frontier and coastal regions, their activity in the BSEC are competitive advantages of assistance to growth, positive foreign trade turnover, expansion of logistical and forwarding communications. Russian Federation active participation in the BSEC is impossible without inclusion of business subjects in investment and trade cooperation. Without joint investment projects and trade the Black Sea cooperation will remain at the level of state “pushing through” for national strategic projects, not promoting expansion of international interaction and economic prosperity in coastal regions of the BSEO states.