Black Sea & Caspian Business community under a single roof

28 November 2006
The new Anatolian

The International Union of Black Sea and Caspian Confederation of Enterprises (UBCCE), pioneered by the Turkish Industrialists' & Businessmen's Association (TUSIAD), held its first general assembly meeting in Turkish metropolis of Istanbul today.

After the meeting, Tugrul Kudatgobilik, the Chairman of the Executive Board of the Turkish Confederation of Employers' Unions (TISK), said that the UBCCE has been set up to enhance cooperation and contribute to economic and social development of the region.

Representatives of business organizations from Albania, Azerbaijan, Bosnia-Herzegovina, Bulgaria, Georgia, Iran, Kazakhstan, Romania, Serbia, Turkey and Greece participated in the first general assembly meeting.

On the other hand, Croatia, Moldova, Montenegro and Armenia were not represented in the meeting.

The headquarters of the union will be in Istanbul, and the Chairman of UBCCE will be TUSIAD President Ömer Sabancı.

The chairmanship will be handed over to Romania two years later.

Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.