On October 25, delegation of the Black Sea Trade and Development Bank headed by bank’s president Andrey Kondakov will arrive in Armenia.

The delegation members will hold meetings with the Armenian President, Finance Minister, Chairman of the Central Bank and Ardshininvestabank leadership.

The Black Sea Trade and Development Bank (BSTDB) was established by the founding 11 member countries of the Black Sea Economic Cooperation (BSEC) - Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine as a regional multilateral development bank and financial pillar of BSEC.

Armenia’s share constitutes 1%.