The paper analyzes quasiperiodic upwellings and downwellings on the shelf and upper part of continental slope of the north-eastern Black Sea. It is shown that these processes are related to changes in intensity and direction of alongshore current and the following geostrophic adjustment of density field. The source of such changes is a meandering of the Black Sea Rim Current (RC). It leads to a quasi-periodic change of direction of the alongshore current, from north-western (cyclonic RC meander) to south-eastern (anticyclonic RC meander, or eddy). These cycles, or phases, have average duration about 10 days. During the north-western phase, the permanent Black Sea pycno-halocline (hereafter pycnocline) and seasonal thermocline descend, their thickness increases, and so does the thickness of the upper mixed layer (UML). During the south-eastern phase both pycnocline and seasonal thermocline ascend and become thinner, along with the UML, which also becomes thinner. In both phases, isopycnals in the pycnocline and isotherms in the thermocline demonstrate quasi-in-phase vertical oscillations, which have a good correlation with speed and direction of the alongshore current. These correlations allow estimation of the magnitude of upwellings and downwellings in the shelf-slope area of the north-eastern Black Sea using data series of current velocity profiles.