1 / 14

Costas Masmanidis Black Sea Economic Cooperation (BSEC) BUSINESS COUNCIL

BLACK SEA ENERGY CONFERENCE BUCHAREST, 3-5 APRIL, 2006 Black Sea Region BUSINESS ENVIRONMENT: OPPORTUNITIES AND OBSTACLES. Costas Masmanidis Black Sea Economic Cooperation (BSEC) BUSINESS COUNCIL. What is BSEC ?. Created in 1992 12 countries Albania, Armenia, Azerbaijan,

senta
Download Presentation

Costas Masmanidis Black Sea Economic Cooperation (BSEC) BUSINESS COUNCIL

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BLACK SEA ENERGY CONFERENCEBUCHAREST, 3-5 APRIL, 2006Black Sea RegionBUSINESS ENVIRONMENT:OPPORTUNITIES AND OBSTACLES Costas Masmanidis Black Sea Economic Cooperation (BSEC) BUSINESS COUNCIL

  2. What is BSEC ? Created in 1992 12 countries Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Serbia-Montenegro, Russia, Turkey, Ukraine

  3. The Black Sea Region

  4. The BSEC structure 1 • Council of Ministers of Foreign Affairs • Committee of Senior Officials (MFA) • Working Groups (Transport, Energy etc) • Related Bodies

  5. The BSEC structure 2 Bodies • Inter-governmental - PERMIS (Istanbul) • Parliamentarian - PABSEC (Istanbul) • Academic - ICBSS (Athens) • Bank - BSTDB (Thessaloniki) • Business - BUSINESS COUNCIL (Istanbul

  6. The essence of our Mission Help the Region's companies cope with and reap the benefits of Globalisation

  7. The essence of our Strategy • Promote regional cooperation • Promote international cooperation • Provide information, training • Help attract greenfield FDI • Help improve business climate

  8. Why is greenfield FDI needed? • New capital, new jobs • New technologies • New management, corporate practices • Connection to global supply chains • Opportunity to become global supplier • Various "spillover" effects (mentality etc) Globalization

  9. What do Investors want ? 1) Big market (or: Easy access to a big market) 2) Good business climate

  10. The business opportunities • Regional market of 1/3 billion people • Fast-improving economies • Strategic position at the center of Eurasia • Energy resources • Energy routes into Europe • Great nature, culture: Tourism paradise • High technological and scientific base • Talented / educated people • Competitive costs of production • Great scope for business cooperation

  11. Barriers to Business and Investment • Bureaucracy • Unclear / unstable rules of the game (lack of predictability) • Complicated taxation systems • Lack of finance for SMEs • Corruption • Slow implementation of reforms

  12. Business climate GOOD NEWS: Continuous Improvement

  13. Helping improve the business climate One of the most valuable activities that Business Organisations can engage in WHAT ? • Set priorities, targets, deadlines • Monitor what reform works and what does not • Provide feedback HOW ? • Cooperate with each other • Form strategic partnerships with OECD et al • Cooperate with governments (PPP)

  14. BSEC BUSINESS COUNCIL www.bsec-business.org www.bsbin.com

More Related