The Federation of Greek Industries (SEB) has taken over the presidency of the Union of Black Sea and Caspian Confederation of Enterprises (UBCCE) for the two-year term 2009-2011, at the UBCCE's second general assembly held in Istanbul.

   The UBCCE, headquartered in Istanbul, is a non-governmental international Union composed of central, private, voluntary, nationally representative, horizontal business organizations from the countries neighbouring or having strong geographical ties with the Black Sea and Caspian Region.

   The UBCCE's objectives are:

   - to establish institutionalized cooperation between central, voluntary, private, non-governmental, horizontal business organizations from member countries with a view to assisting the economic and social development of the region.

   - to permit concerted action by these central, voluntary, private, non-governmental, horizontal business organizations vis-à-vis governments and the business community, favouring the adoption, where necessary, of policies conducive to the better functioning of a market economy under optimal conditions for member countries.

   - to promote the social and economic interests of the companies represented by its members.

   - to provide its members with information, carry out commissions studies, adopt positions and promote these.