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  UBCCE has been founded on 27 November 2006.

 

UBCCE is an international union composed of central, private, voluntary, nationally representative, horizontal business organizations from the countries neighboring or having strong geographical ties with the Black Sea and Caspian Region.

  UBCCE is the first regional business organization of the Black Sea and Caspian.

UBCCE’s headquarters based in Turkey, has been classified as a second degree historical building termed as the “Bodvil Building” in the Pera district of Istanbul.
 

  As of 2010, UBCCE ensures permanent contacts with 24 member organizations from 19 countries in the Black Sea and Caspian Region.

  Apart from its members in the Black Sea and Caspian Region, UBCCE has members from Austria, Germany (Bavaria), Iraq, Poland and Slovenia as "associate" members

UBCCE’s main objective and mission is to contribute to establish institutionalized cooperation between the private sector organizations with a view to assist the economic and social development in the Black Sea and Caspian Region.

  Dr. Athanase LAVIDAS, Hellenic Federation of Enterprises (SEV), is the third President of UBCCE.

  Ömer SABANCI is the Founding President of UBCCE. Arzuhan DOĞAN YALÇINDAĞ is the first Chairwoman of UBCCE and Honorary President of the Union.

UBCCE General Assembly defines the Union’s policies and strategies by meetingat least once a year in March under the chairmanship of the UBCCE President.

UBCCE has Memorandum of Understandings with the Union of Mediterranean Confederations of Enterprises (BUSINESMED), the Spanish Confederation of Employers’ Organizations (CEOE), International Congress of Industrialists and Entrepreneurs (ICIE), Turkish Enterprise and Business Confederation (TURKONFED) and the Vienna Economic Forum (VEF).

Within the framework of the Memorandum of Understanding signed between UBCCE and the Union of Mediterranean Confederations of Enterprises (BUSINESMED) the two organizations are coordinating the actions of Business Country Desks to create a network for the benefit of all member companies.

  UBCCE is a member of International Federation for Sustainable Development and Fight
to Poverty in the Mediterranean and Black Sea (FISPMED), headquarted in Venice, Italy.

UBCCE is currently running a project entitled “Developing a Green Business Support Strategy for UBCCE" with German Technical Cooperation Agency (GTZ) to support private sector associations and enterprises of the Region to respond to the multiple challenges and opportunities of climate change in an efficient and proactive manner

  UBCCE is a part of the Eastern Partnership Civil Society Forum of the European Union, which aims to promote contacts among civll society organizations and facilitate their dialogue with public authorities.

  UBCCE is an active partner of Eurasia Competitiveness Programme of OECD which aims to contribute to economic growth in Eastern Europe, South Caucasus and Central Asia by encouraging regional dialogue and supporting policy design and implementation that would lead to a more dynamic business climate.

The Secretary General of UBCCE is the "interim" coordinator of OECD Eurasia Private Sector Forum.

UBCCE coordinates the activities of "A Step Across the Border" Commission of the Marmara and North Anatolian Industrialists and Businessmen’s Federation (MAKSIFED) which aims to support SMEs, seeking to expand their businessesto new markets, and thus, to contribute to the development and enhancement of bilateral trade and investment relations with foreign countries.

  UBCCE organizes every year a Business Forum in a different city of the Region.

Austrian, Bulgarian, Greek, Romanian, Slovenian and Turkish members of UBCCE are also members of BUSINESSEUROPE.

 

The Black Sea Region was the fastest growing region of the world after Southeast Asia before the economic crisis.
 

Real GDP growth of the Black Sea countries between 2000 and 2008 averaged 6 percent per annum, which was equal to a cumulative economic expansion of 68 percent.


The Black Sea and Caspian countries represent a market of around 450 million people with an export capacity of 790 billion usd and an import capacity of 805 billion usd per year (before the crisis).

 

Caspian Region has 46.5 percent of the proved natural gas and 19.5 percent of oil reserves of the world.

 

Kazakhstan holds the largest share of the Caspian Sea region’s recoverable crude oil reserves. According to the BP statistical review its combined onshore and offshore proved reserves were 5.5 billion tonnes (40 billion barrels) as of December 2008.

 

The Black Sea and Caspian region is the transit route of big energy/pipeline projects such as Nabucco, South Stream, Blue Stream, Trans-Caspian, Pan European Pipeline, Baku-Tbilissi-Ceyhan oil pipeline,Trans-Anatolian oil pipeline, Baku-Tbilissi-Erzurum pipeline, Burgas-Alexandroupolis pipeline, White Stream gas pipeline, etc.

The Caspian Sea is the largest enclosed body of water on Earth by area, variously classed as the world's largest lake or a full-fledged sea.
 

 
 
 

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