OFFICIAL NEWS
From Andrey Kondakov, President of the Black Sea Trade and Development Bank
Your Excellency,
On behalf of the Black Sea Trade and Development Bank (BSTDB), I am honored to congratulate you on your re-election as President of the Republic of Azerbaijan.
From the very beginning of the BSDTB operations in 1999, Azerbaijan has been a valuable shareholder, participating actively in the elaboration and implementation of the Bank`s strategy and operational activities. The decision of your Government to increase its capital participation in BSDTB from 2% to 5% in 2007 reflects the trust of Azerbaijan to BSDTB and its role in the Region`s development. The Bank is committed to continue its support to the development agenda of Azerbaijan, one of the region`s most dynamic economies.
Respectfully yours,
Andrey Kondakov
President of the Black Sea Trade and Development Bank