In November, the current presidency, Turkey, will hand over to Ukraine, still embroiled in political turmoil and looking at a snap parliamentary election in the fall.
Twelve-nation South Europe bloc pledges beltway around Black Sea
The 12-nation Black Sea summit Monday highlighted the region's rapid growth and pledged to build a beltway road around the Black Sea, RIA Novosti reports.In a joint declaration following the Monday summit, the Organization of Black Sea Economic Cooperation pledged to enhance cooperation between its member states to build a beltway road around the Black Sea and to provide for better sea transportation to link European transport routes to those across Eurasia. The members - Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Serbia, Turkey and Ukraine - highlighted that the region is one of the fastest-growing in the world and indicated in the summit declaration that the bloc, founded in 1992, may need to revise its future targets and commitments accordingly.
