Azerbaijan to hand over BSTDB board chairmanship to Bulgaria

The Black Sea Trade and Development Bank (BSTDB) approved its financial statements for 2025 and discussed its proposed budget for 2026 during its annual meeting in Azerbaijan's capital, Baku.

The meeting also confirmed that the chairmanship of the BSTDB Board of Directors will pass from Azerbaijan to Bulgaria in 2027, Caliber.Az reports per local media.

The bank's 28th annual meeting will continue on July 2 with a Business Forum titled "Connecting Markets and Diversifying Economies: Azerbaijan as a Regional Hub."

The forum is expected to bring together government officials, business leaders and financial institutions to discuss regional economic cooperation, trade connectivity and investment opportunities.

By Sabina Mammadli