The Black Sea Economic Cooperation (BSEC) organization was established at the Summit of Heads of State or Government of the countries of the Black Sea region in Istanbul on 25 June 1992. The initiative brings together 12 countries of the Black Sea region – Armenia, Azerbaijan, Albania, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Serbia, Turkey and Ukraine, which with a population of more than 335 million and an area of more than 19 million square km have significant resources necessary for all-round development of the member States and the region as a whole. By bringing together Black Sea countries, BSEC strengthens economic, infrastructural, cultural and other forms of cooperation between its members, contributing to the promotion of peace and stability.
The Republic of Serbia, which attaches great importance to regional cooperation, is seeking to be a constructive BSEC member. Through its active engagement in BSEC, the Republic of Serbia is continuously contributing to the enhancement of all forms of interconnection between the countries of the Black Sea region. As its contribution to the observance of 25 years of BSEC, the Republic of Serbia dedicates this postage stamp to this anniversary.
