The 7-th sitting of the managers of the Black Sea Trade and Development Bank (BSTDB) and the Day of Black Sea Enterprise will be held in Yerevan, June 5-6, 2005, the press service of the Armenian Ministry of Finance and Economy reported. The members of the Board of Managers and Directors of the BSTDB will take part in the sitting. High rank officials from the Black Sea region and a number of international organizations - the EU, ERDB, International Monetary Fund, World Bank and International Financial Corporation - have been invited to the Day of Black Sea Enterprise. The Black Sea Trade and Development Bank was founded in 1999 by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine. The BSTDB contributes to the economic development of its member-states via financing assistance programs for both state and private enterprises.