OREANDA-NEWS. November 29, 2007. The 1st Bank Forum of the Black Sea Economic Cooperation (BSEC) aims to discuss the most appropriate mechanisms of banks' participation in implementing regional current and potential projects and initiatives, intensify cooperation among banks and financial institutions, enhance capacities for trade and economic cooperation among business circles, President Viktor Kapustin of the Ukreximbank said, reported the Official website www.kmu.gov.ua.

He noted that consolidation of financial capacities of banks of BSEC countries is quite real alternative in terms of implementation of most urgent projects, as existing cross-border projects in the field of transport corridor development, communications, environment, infrastructure etc require serious financial resources.

Acting Economics Minister Anatoliy Kinakh of Ukraine focused on the enhancement of practical orientation of the BSEC and strengthening institutional instruments.

The Ukreximbank JSC and Eximbank of Romania have signed a Framework Cooperation Agreement within the forum.

The event was organized by the JSC "The State Export-Import Bank of Ukraine" and The Expert Ukraine magazine.

The forum became a component element of a range of activities within Ukraine's Presidency in the BSEC from November 1, 2007 till April 30, 2008. Participating in the meeting were about 130 persons: Presidents of BSEC banks, representatives of diplomatic corps, big industrial and investment companies, experts of research institutes.