BAKU, Azerbaijan, July 2. Azerbaijan has
established itself as a strategic hub connecting the East and West,
and the North and South, President of the Black Sea Trade and
Development Bank (BSTDB), Serhat Köksal, said, Trend's correspondent reports
from the event
He made the statement during the BSTDB business forum in
Baku.
"Today, Azerbaijan is at a crucial stage in its economic
development. Over the past decades, the country has transformed
into a dynamically developing economy with strong institutions,
modern infrastructure, and an increasingly diversified industrial
base. Azerbaijan has established itself not only as a leading
producer of energy resources but also as a strategic hub connecting
East and West, North and South. This is a country that understands
that interconnectedness is not just about transport corridors and
logistics, but also about creating new opportunities, uniting
markets, and ensuring prosperity," Köksal said.
According to him, the country’s efforts to diversify its economy
beyond the hydrocarbon sector, develop non-oil industries, support
entrepreneurship, and strengthen regional connectivity have opened
up new opportunities for investment and cooperation.
"Equally important is that these efforts were guided by a clear
vision and supported by institutions capable of bringing ambitious
plans to life. The Black Sea Trade and Development Bank is honored
to accompany Azerbaijan on this journey. Our partnership with the
country has lasted for more than two decades and is based on mutual
trust, shared goals, and a common belief in the transformative
power of private sector development,” the BSTDB president said.
Meanwhile, the Black Sea Trade and Development Bank (BSTDB) is
an international financial institution headquartered in
Thessaloniki, Greece. As the financial pillar of the Black Sea
Economic Cooperation (BSEC), it promotes regional economic
development, cross-border cooperation, and intra-regional
trade.
