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BALKAN ECONOMIC SUMMIT REPORT

INTRODUCTION

The Union of Chambers and Commodity Exchanges of Turkey (TOBB), which is the apex organization representing the private sector in Turkey, assumed the Presidency of the Association of Balkan Chambers (ABC) for the year 2008.

The Association of Balkan Chambers (ABC) is a non-political and non-governmental organization, founded in 1994, aiming at fostering the economic development and the business activities in the Balkans.

Under the Presidency of the Association of Balkan Chambers (ABC), within the context of ABC activities, TOBB hosted the Balkan Economic Summit, which was held under the patronage of the Deputy Prime Minister of Turkey, H. E. Nazım Ekren, on November 26 of 2008, in İstanbul, the glorious city at the crossroads where East meets West.

The idea of the Balkan Economic Summit took momentum from the firm dedication to organize meetings that would create synergy and partnerships among ABC Member Countries with a focus on common concerns and benefits.

Within this framework, the Summit provided an opportunity to present concrete views and insights on the economic future of the Balkans; development, investment, logistics and infrastructure. Within this context, the inspiration of the Summit was to effectuate these ideas and insights presented on "Best Practices", public private partnerships, energy and infrastructure in the daily practices of Balkan countries.

All information concerning the Summit, including the program, documents and photos, is accessible on http://balkan.tobb.org.tr.

PARTICIPANTS

Registration of the participants began on Tuesday, November 25 of 2008, at 10.00AM. The Balkan Economic Summit was an all-encompassing event that sought a broad participation of approximately 450 representatives from Balkan Countries, including; the Ministers and government representatives from Balkan countries, besides the Presidents and representatives of the ABC member chambers, regional, national and international private sector enterprises; and leaders of the business circles.

Please find attached the final list of participants to the event.

PREPARATORY WORKS FOR ROUND-TABLE MEETING

The Pre-Assembly Meeting was held on Tuesday, November 25 of 2008, at 18.30PM. The Presidents of the ABC member chambers attended the meeting. This meeting was held as a preliminary one that provided an opportunity to the Presidents of the ABC member chambers to look over, discuss and exchange ideas on the economic development of Balkan Countries in preparing for the agenda for the Round-Table Meeting, which was held on Wednesday, November 26 of 2008.

Also, one of the main issues discussed in the meetings was how the Global Financial Crisis is affecting the entire world economy, and within that context, how their countries may get affected individually and what measures can be taken to guard themselves against this crisis.

WELCOME COCKTAIL

The Welcome Cocktail was held on Tuesday Night, November 25 of 2008, at 19.30PM. Within the context of the Summit, the Welcome Cocktail was an opportunity to bring together all participants to the event and provide them with a chance to meet one another.

OPENING SESSION

The Opening Session began on Wednesday, November 26 of 2008, at 10.00AM. The Session began with the welcome speech of Mr. Rifat Hisarcıklıoğlu, the President of the Association of Balkan Chambers (ABC) and The Union of Chambers and Commodity Exchanges of Turkey (TOBB).

The Opening Session continued with the Opening Speech of H.E. Prof. Dr. Nazım Ekren, Deputy Prime Minister of Turkey and Minister of State, and was concluded at 10.25AM.

 

For a full-size picture, please click on the image.

SIGNING AGREEMENTS

Within the context of the Summit, on Wednesday, November 26 of 2008, at 10.30AM, Mr. Rifat Hisarcıklıoğlu, and Mr. Murat Yalçıntaş, the President of ASCAME, signed the "Cooperation Agreement between ABC and ASCAME;" and at 10.35AM, Mr. Kürşad Tüzmen, Minister of State, and H.E. Branimir Gvozdenovic, Minister of Economic Development of Montenegro, signed the "Free Trade Agreement between Republic of Turkey and Montenegro."

 

For a full-size picture, please click on the image.

STATEMENTS OF MINISTERS

- H.E. Hamdo Tinjak, Secretary of the Ministry of Foreign Trade and Economic Relations of Bosnia and Herzegovina,

- H.E. Branimir Mladenov, Ambassador of Bulgaria,

- H.E. Hadi Nezir, Minister of State of Macedonia,

- H.E. Branimir Gvozdenovic, Minister of Economic Development of Montenegro,

- H.E. Sulejman Ugljanin, Minister of State of Serbia, and

- H.E. Stefan Imre, State Secretary, Ministry of Small and Medium-Sized Companies, Trade, Tourism and Liberal Professions of Romania,

attended the Summit and each delivered a 10 minute statement on Wednesday, November 26 of 2008, at 10.45AM.

For a full-size picture, please click on the image.

REGIONAL COOPERATION COUNCIL (RCC)

Following the Statements of the Ministers, on Wednesday, November 26 of 2008, at 11.45AM, Mr. Hido Biscevic, Secretary General of the Regional Cooperation Council (RCC), delivered a speech under the title "Political and Economic Developments in South East Europe and Relations with EU."

THE GIFT CEREMONY AND GROUP PHOTOGRAPHS

The Gift Ceremony was held on Wednesday, November 26 of 2008, at 11.55AM.

H.E. Prof. Dr. Nazım Ekren, Deputy Prime Minister of Turkey and Minister of State, and Mr. Rifat Hisarcıklıoğlu, the President of the Association of Balkan Chambers (ABC) and The Union of Chambers and Commodity Exchanges of Turkey (TOBB) presented the government representatives from Balkan countries and the Presidents and representatives of the ABC member chambers each a silver plaque.

Group Photograph with Ministers and Presidents of the member Chambers / Unions of Association of Balkan Chambers (ABC) was taken on Wednesday, November 26 of 2008, at 12.10PM.

 
     
 
     
 
     
 
     

For a full-size picture, please click on the image.

LUNCH

Lunch was held on Wednesday, November 26 of 2008, at 12.30PM.

SESSIONS

Holding the theme "The New Investment Environment in the Balkans", the Summit encompassed two simultaneous sessions that took place on Wednesday, November 26 of 2008: "Improvement of Investment Climate, Public Private Partnerships - Best Practices - in the Balkan Countries", and "Balkans Energy and Infrastructure".

  • Session 1, "Improvement of Investment Climate, Public Private Partnerships - Best Practices - in the Balkan Countries," took place on Wednesday, November 26 of 2008, at 14.10PM.

The Session was moderated by Mr. Ersin Altınordu, the Co-Chairman of the Turkish-Romanian Business Council.

In this Session, the following guest speakers made presentations:

- Mr. İsmail Bitirim, representative of Investment Support and Promotion Agency, on "Investment Environment and Opportunities in Turkey,"

- Mr. Branimir Gvozdenovic, Minister of Economic Development of Montenegro, on "Investment Opportunities in Montenegro,"

- Mr. Sorin Vasilescu, Director General of the Romanian Agency for Foreign Investments (ARIS) of Romania, on "Romania Top Investment Destinatio,"

- Mrs. Slavica Korica, Executive Director for Investment Promotion of Foreign Investment Promotion Agency of Bosnia and Herzegovina, on "Investment Opportunities of Bosnia & Herzegovina,"

- Mrs. Valentina Alexandrova, Director of Investment and Legal Services Department at Invest Bulgaria Agency, on "Bulgaria Investment Climate and Opportuities,"

- Mr. Kemal Çokakoğlu, General Manager of Customs, Tourism Enterprises and Trade Corporation of Turkey, on "Modernization of Border Gates," and

- Prof. Dr. Abdylmenaf Bexheti, Vice President of South East Europe University of Macedonia, on "Challenges of Public Private Partnerships in Macedonia - Case of SEEU."

- - - A coffee break was given between 15.20 - 15.40PM. - - -

  • Session 2, "Balkans Energy and Infrastructure," took place on Wednesday, November 26 of 2008, at 15.40PM.

The Session was moderated by Mr. Selahattin Çimen, the Acting Undersecretary for the Ministry of Energy and Natural Resources.

In this Session, the following guest speakers made presentations:

- Prof. Dr. Vladimir Petkovski, Professor of Economics at Aziz Kiril and Metodij University of Macedonia, on "The Investment Climate in the Energy Sector of Macedonia,"

- Mr. Osman Z. Göksel, NABUCCO Project Coordinator, Project Director of Baku-Tiblisi-Ceyhan, Member of the Board of BOTAŞ, and Ministry of Energy and Natural Resources of Turkey, on "NABUCCO Project,"

- Mr. Alexandru Sandulescu, Director General for Energy Policy, and Minister of Economy and Finance of Romania, on "Romanian Energy Sector," and

- Mr. Dragutin Martinovic, Director of Electricity Supply Industry of Montenegro and Member of the Board of Directors of Chamber of Economy of Montenegro, on "Energy and Renewable Sources of Electricity."

BILATERAL MEETINGS

Within the context of the Summit, on Wednesday, November 26 of 2008, at the Opera Room, Bilateral Meetings were held between Mr. Rifat Hisarcıklıoğlu, the President of the Association of Balkan Chambers (ABC) and The Union of Chambers and Commodity Exchanges of Turkey (TOBB), and Presidents of the member Chambers / Unions of Association of Balkan Chambers (ABC).

In the Bilateral Meetings, Presidents of the ABC each shared their perspectives on increasing the bilateral commercial and economic relations with Turkey.

 
     
 
     
 
     
   

For a full-size picture, please click on the image.

ROUND-TABLE MEETING (LIMITED PARTICIPATION)

The Round-Table Meeting was held on Wednesday, November 26 of 2008, at 16.45PM. Relevant Ministers from Balkan countries and ABC Member Chambers' Presidents attended this meeting in order to share insights on challenges and opportunities for the regional economic cooperation with the Ministers.

The Ministers and government representatives from Balkan countries, and the Presidents of the ABC member chambers all shared their insights on challenges and opportunities for the regional economic cooperation.

The Global Financial Crisis was a top issue in the Meeting. The Presidents of the ABC Member Chambers emphasized how important it is to overcome all obstacles in the way of increasing trade in their Region.

It has been decided to establish a coordination unit for the preparation of the proposals with the participation of Ministers and the Presidents of the Chambers of the countries related, and the Union of Chambers and Commodity Exchanges of Turkey has been charged in the conduction of this coordination.

The Balkan Economic Summit also decided to organize the Summit annually, within the ABC Presidency term of the member countries. It has been decided that the Second Balkan Economic Summit will be organized in Albania in 2009.

Please find enclosed the Joint Declaration of the Balkan Economic Summit.

NETWORKING COCKTAIL

The Networking Cocktail was held on Wednesday, November 26 of 2008, at 16.30PM.

The Networking Cocktail was aimed at creating a unique platform to meet with regional counterparts, to exchange ideas and to bring a new vision for the economic development of the Balkan countries. It provided an opportunity to present concrete views and insights on the economic future of the Balkans by all participants concerned.

DINNER

Dinner was held on Wednesday Night, November 26 of 2008, at 20.30PM, at Sait Halim Paşa Yalısı, Yeniköy.

For a full-size picture, please click on the image.

ABC GENERAL ASSEMBLY MEETING

The ABC General Assembly Meeting was held on Thursday, November 27 of 2008, at 10.30PM.

During the meeting, the President of the Union of Trade and Industry of Albania, Illir Zhilla, was announced and greeted as the President of Association of Balkan Chambers (ABC) for the next term.

The Project Coordinator of the DIHK - ABC Partnership Project, Eduard Schwartz, stressed the improvement and positive development in the Balkans.

Please find enclosed the report on Concept of Sustainability based on the Partnership Project between DIHK and ABC; the ABC General Assembly Declaration.

 

For a full-size picture, please click on the image.

LUNCH

Lunch was held on Thursday, November 27 of 2008, at 12.30PM.

For a full-size picture, please click on the image.

TOURISTIC TOUR

A Touristic Tour to the Rahmi Koç Museum, organized for the Presidents of the member Chambers of ABC and guest speakers, was held on Thursday, November 27 of 2008, at 15.00PM.

CONTACT INFORMATION

Everything concerning the Balkan Economic Summit is accessible from the address, http://balkan.tobb.org.tr.

 

ENC 1: List of Participants

ENC 2: Joint Declaration

ENC 3: Concept of Sustainability based on the Partnership Project between DIHK and ABC

ENC 4: ABC General Assembly Declaration

 

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