BSTDB Hosts Prestigious International Conference on Applied Economics and Finance
Experts Discuss Innovative Solutions and Emerging Trends in Economics and Finance
The Black Sea Trade and Development Bank (BSTDB) hosted the International Conference on Applied Economics and Finance XI (ICOAEF) at its premises. Organized in collaboration with Anadolu University (Türkiye), the event has become a significant platform for academics, researchers, and practitioners to exchange knowledge, present their latest research, and discuss emerging trends and challenges in economics and finance.
Participants from 17 countries presented a total of 70 papers, highlighting the crucial role of applied economics and finance in today’s interconnected financial landscape.
In his opening remarks, Dr. Serhat Köksal, President of BSTDB, emphasized the importance of collaboration in navigating today’s rapidly shifting economic landscapes. He stated, “As we face global challenges such as COVID-19, conflicts, and inflation, our focus on innovative research and actionable solutions is more crucial than ever. BSTDB is dedicated to fostering sustainable economic growth and financial stability. This conference is a platform for sharing insights and exploring multidisciplinary approaches to economic and financial issues."
A special panel titled “Local Currency Financing in Emerging Markets” was organized during the conference. Chaired by Dr. Serhat Köksal, the panel featured distinguished speakers including Dr. Moise Sidiropoulos, President of the School of Economics at Aristotle University of Thessaloniki and Professor at Université de Strasbourg (UDS); Mr. Edmond Vardumyan, CEO of the National Mortgage Company of Armenia; and Larisa Manastirli, Director of Financial Institutions at BSTDB.
The panelists, each bringing unique insights from their respective fields, discussed the critical role of credible monetary policies and the liquidity of interbank money markets in developing local currency tools. They also underscored the importance of improved capital markets policy frameworks, highlighting the pivotal role of international financial institutions in ensuring the well-functioning of local currency markets. The panel showcased successful examples of BSTDB’s financial initiatives in local currencies within its member countries.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. BSTDB is rated long-term “A-” by Standard and Poor’s and “Baa1” by Moody’s. For information on BSTDB, visitwww.bstdb.org.
Contact:
Haroula Christodoulou
Phone: +30 2310 290533
: @BSTDB
