🕊️ STATUTE

of the Non-Profit Association
“Balkan Cultural and Economic Union” (BCEU)
(adopted on 19 August 2025 in Varna)

I. GENERAL PROVISIONS

Art. 1. Name
(1) The Association bears the name “Balkan Cultural and Economic Union”, abbreviated “BCEU”.
(2) In Bulgarian: „Балкански културно-икономически съюз“ (БКИС).

Art. 2. Seat and Address of Management
Varna, 11a Krastyu Mirski St.

WORKING LANGUAGES
Art. 3.
(1) The official languages of the Association are Bulgarian and English.
(2) The working languages of the BCEU are:

• ● Bulgarian
• ● English
• ● Serbo-Croatian
• ● Bosnian
• ● Greek
• ● Romanian
• ● Macedonian
• ● Albanian
• ● Turkish

(3) Where necessary, the BCEU may also use other Balkan or international languages for specific projects.

Art. 4. Legal Form
The BCEU is a legal entity – a non-profit association registered under the Bulgarian Law on Non-Profit Legal Entities (LNPLE), designated to operate for public benefit.

Art. 5. Duration
The Association is established for an indefinite period.

Art. 6. International Activity

• ● The BCEU may establish partnerships and implement projects with organizations, institutions, and individuals from Balkan and other countries.
• ● The Association may participate in international networks, federations, and associations.
• ● The BCEU promotes relations with third countries through cultural and economic initiatives.

II. MISSION, OBJECTIVES AND MEANS

Art. 7. Mission
The BCEU is founded with the mission to be a bridge between the cultures and economies of the Balkan states, transforming the region into a space of cooperation, prosperity, and peace.

Art. 8. Objectives

• ● To promote cultural, economic, and educational cooperation among the Balkan countries;
• ● To overcome historical divisions through dialogue, tolerance, and good neighborliness;
• ● To create favorable conditions for entrepreneurship, green economy, and innovation;
• ● To develop and implement a regional “Balkan Brand”;
• ● To popularize the Balkan cultural and economic identity within the EU and worldwide.

Art. 9. Means to Achieve the Objectives

• ● Organizing conferences, forums, festivals, and exhibitions;
• ● Participating in EU and international programs and projects;
• ● Establishing directorates, commissions, centers for analysis and competences;
• ● Publishing printed and electronic materials;
• ● Cooperating with trade houses, business structures, and NGOs.

III. STRATEGIC PARTNERSHIP

Art. 10. Balkan Trade House “AG Space” Ltd.

• ● “AG Space Ltd.” is designated as the Balkan Trade House and strategic partner of the BCEU.
• ● The economic initiatives and projects of the BCEU are carried out through “AG Space” Ltd., with revenues used to finance the non-profit activities and strategic objectives of the BCEU.
• ● Relations between the BCEU and “AG Space” Ltd. are regulated by a Memorandum of Partnership.
• ● “AG Space” Ltd. may represent the BCEU in international economic projects with the consent of the President.

IV. MEMBERSHIP

Art. 11. Types of Membership

• ● Regular members – with full rights and obligations.
• ● Honorary members – for special merits, without voting rights.
• ● Associate members – with a consultative role.

Art. 12. Admission and Termination

• ● Members are admitted by decision of the Managing Board upon proposal of the President.
• ● Membership is terminated upon resignation, expulsion, or death/dissolution of a legal entity.

V. GOVERNING BODIES

Art. 13. Bodies

• ● General Assembly – supreme body;
• ● Managing Board – executive body;
• ● President – strategic and representative body.

General Assembly
Art. 14. The General Assembly includes the founders and duly admitted regular members. Its competence is according to the LNPLE.

President
Art. 15. Status and Mandate

• ● The President is the founder and chief ideologist of the BCEU.
• ● The President holds an indefinite mandate and may be released only upon resignation or permanent incapacity.
• ● The President has the right of veto over decisions of the Managing Board and the General Assembly when they contradict the objectives of the Union.

Art. 16. Powers

• ● Represents the BCEU;
• ● Convenes and chairs meetings of the General Assembly and the Managing Board;
• ● Proposes members of the Managing Board;
• ● Manages international partnerships;
• ● Approves agreements with “AG Space” Ltd.

Managing Board
Art. 17. The Managing Board consists of the President and 2 to 6 members, elected by the General Assembly upon his proposal.

Art. 18. The Managing Board executes the decisions of the General Assembly and the President, organizes current activities, and manages the property.

VI. AMBASSADORS OF GOODWILL

Art. 19.

• ● “Ambassadors of Goodwill of the BCEU” are distinguished individuals of international reputation, appointed by the President and the Managing Board.
• ● They represent the BCEU in the Balkan and international context, promoting its mission, cultural and economic initiatives.
• ● Ambassadors of Goodwill may support the implementation of trade projects through the Balkan Trade House “AG Space” Ltd., in accordance with the Statute and the strategic goals of the BCEU.
• ● The status of Ambassador of Goodwill is honorary and does not create employment or mandate relations with the Union.

VII. PROPERTY AND FUNDING

Art. 20. Sources

• ● Membership fees;
• ● Donations and sponsorships;
• ● Funding from EU and international projects and programs;
• ● Revenues from joint projects through the Balkan Trade House “AG Space” Ltd.

Art. 21. Spending
Funds are used solely for the purposes of the BCEU.

VIII. DISSOLUTION

Art. 22. Dissolution
The Association shall be dissolved by decision of the General Assembly or by court order.

Art. 23. Liquidation
Any remaining property after satisfying the creditors shall be used for purposes of public benefit.