BSEC is a regional intergovernmental economic cooperation organization aimed at fostering interaction and harmony among its Member States, as well as ensuring peace, stability and prosperity in the Black Sea region. It serves as a forum for cooperation in a wide range of areas, which include agriculture and agro-industry, banking and finance, culture, customs matters, education, emergency assistance, energy, environmental protection, exchange of statistical data and information, healthcare and pharmaceutics, information and communication technologies, institutional renewal and good governance, science and technology, SMEs, tourism, trade and economic development, transport and combating organized crime. The 13 BSEC Member States are Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, North Macedonia, Romania, Russia, Serbia, Türkiye and Ukraine.

PABSEC - The Parliamentary Assembly of the Black Sea Economic Cooperation is an integral part of the BSEC structure, providing it with ongoing consultative support. It adds a pluralistic, meaningful dimension to the BSEC framework by providing legislative support in order to activate the relevant resolutions taken by the Council of Ministers.

BSEC Business Council is a center for interaction in between business circles from the BSEC Member States that helps incubate joint ventures and other business-oriented initiatives targeting the acceleration of transition and privatization by constant interaction between public and private sectors.

ICBSS - The International Center for Black Sea Studies is the region’s first multilateral scientific initiative aimed at exploring economic issues, solutions, and prospects that transcend national boundaries and encompass the entire BSEC area. Through regular engagement with peer institutions, it seeks to play a pivotal role in fostering a deeper and more comprehensive understanding of the region and the BSEC within the international community.