Participation of Mr. Miltiadis Makrygiannis, PABSEC Deputy Secretary General, in the 5th East Forum in Berlin, 5 April 2017

Participation of Mr. Miltiadis Makrygiannis, PABSEC Deputy Secretary General, in the 5th East Forum in Berlin, 5 April 2017

Mr. Miltiadis Makrygiannis, PABSEC Deputy Secretary General, represented the PABSEC in the 5th East Forum Berlin organized by UniCredit, the German Committee on Eastern European Economic Relations, the German Association of Industry and Commerce, the German Business Federation, being sponsored by the 2017 Austrian OSCE Chairmanship.

The title of the 5th East Forum in Berlin was “The future of European and Eurasian partnership: Rebuilding trust. Defining drivers. Overcoming barriers”, and the aim of the Forum is to facilitate dialogue in order to overcome barriers to trade and promote prosperity in the region extending from the Atlantic to the Pacific, exchange know-how and intensify international networks.

The Forum was attended by ministers and deputy ministers, well known politicians, representatives of NGO and various political economic organizations.

Mr. Makrygiannis pointed that the Black Sea Region, which is rich in energy resources, is a trade bridge between Asia and Europe. Since the very beginning, the Organization of the BSEC has fostered the investments, being one of the priorities of its activities. The BSEC Economic Agenda 2012 states that one of the priorities of the BSEC is to ensure a closer, balanced and mutually beneficial cooperation for increased inflows of foreign investments. In implementing the goals and objectives of the Black Sea Economic Cooperation, it is necessary to establish and to promote favourable conditions for foreign investors, thus stimulating the economic growth in the region. Each state facilitates transparency and access to all the legislation applicable to foreign investments, also ensuring a fair and equitable treatment to foreign investors. However, Mr. Makrygiannis pointed, that the regional geopolitical situation remains complicated and the uncertain economic prospects in some countries in the region cause a capital outflow and a decline of international investments. Governments in many countries of the region develop appropriate policies and take measures in order to eliminate the negative effects of the financial crisis and to revive the investments in the important  sectors of economy.

Mr. Makrygiannis also noted that, the PABSEC, since its establishment, as the parliamentary dimension of the Organization of the Black Sea Economic Cooperation, has always placed emphasis on the issue of parliamentary diplomacy and parliamentary cooperation, aiming to the promotion of democracy, rule of law, pluralistic societies and market economies.

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