Privacy Policy

Regarding the Amendments to the Export Incentives Regulation

0 comments By Innovia Admin Filed in Announcements, Official Newspapers August 15th, 2026 @ 6:44 pm

Dear Member,

According to the official letter we received from the Directorate of Trade of the Ministry of Economy and Energy of the TRNC on July 28, 2026, amendments have been made to the Export Incentives Regulation, which is in force pursuant to Article 4 of the Foreign Trade (Regulation and Supervision) Law, as published in the Official Gazette on July 3, 2026, issue no: 594 and on July 17, 2026, issue no: 654.

The application of the regulation amendment will be as follows:

Article 5.1 Conditions required to benefit from export support;

The export must be to the Republic of Turkey and member countries of the European Union (excluding Southern Cyprus).

The export must not be made from free zones or the buyer company must not be in a free zone of a member of the European Union. Bringing at least 20% (twenty percent) of the export proceeds into the country and verifying this through bank transfer, export check, or export clearing with bank documents and customs paperwork. Compliance with procedures determined by the Ministry.

Article 4.1 Exporters wishing to benefit from export support must apply in writing to the Directorate of Trade within one year at the latest from the export date, along with the documents specified below:

Export Support Request Form (Table I),
Undertaking for exports to European Union member countries (Table II), Undertaking for exports to the Republic of Turkey (Table III),
Other information and documents requested by the Ministry.

In this regard, we kindly request that our members exporting to the Republic of Turkey under the Export Incentives Regulation also take this regulation into consideration.

Please click here for relevant Regulation amendments.

Sincerely,

Turkish Cypriot Chamber of Commerce

The purpose of the Local Employment Support Fund cannot be changed.

0 comments By Innovia Admin Filed in Announcements, KTTO in the press August 14th, 2026 @ 3:29 pm

The Local Employment Support Fund was established to increase the employment of TRNC citizens, protect the local workforce, and encourage employers to focus on local employment. Its purpose and scope of use are clear.

However, practices reflected in the public sphere indicate a departure from the fund’s original purpose. One of the fund’s significant revenue sources is the 5% provident fund deduction from third-country workers. Using this resource to encourage the employment of foreign workers contradicts the fund’s raison d’être.

Furthermore, while many businesses employing thousands of TRNC citizens cannot benefit from these supports, providing preferential support to certain sectors undermines the principle of equality, distorts competition, and raises concerns about the unfair use of public resources.

We are not against supporting the industrial or tourism sectors; this should be done through general budget resources, not the Local Employment Support Fund. However, the beneficiaries of the Local Employment Support Fund should include all workplaces employing TRNC citizens, regardless of sector, in line with the fund’s purpose.

Transparency, accountability, equality, and the rule of law should be fundamental principles in the use of public resources. We call on the government to use the Local Employment Support Fund in accordance with its intended purpose.

Our struggle is not with any particular sector; it is against unscrupulousness, injustice, and the misuse of public resources.

The Local Employment Support Fund is for local employment. Any application outside of this is contrary to both the spirit of the fund and the public’s sense of justice.

Turkish Cypriot Chamber of Commerce

“Rights are not given, they are won through struggle.”

DAU Tender Commission

0 comments By Innovia Admin Filed in Tenders August 14th, 2026 @ 12:40 pm

Tender notice closing on September 2, 2026: Bids are being accepted for the Supply and Installation of a Central Air Conditioning System for the Foreign Languages ​​School Building at Eastern Mediterranean University.

Tender announcement closing on August 26, 2026: Bids are being accepted for Cleaning Staff Services at Eastern Mediterranean University.

Tender announcement closing on August 5, 2026: Bids are being accepted for the supply of fuel to Eastern Mediterranean University.

Tender announcement closing on July 22, 2026: Bids are being accepted for the provision of motor vehicle insurance at Eastern Mediterranean University.

The tender notice, closing on July 15, 2026, concerns the renovation of the air conditioning system in the main hall of the Student Activity Center Building at Eastern Mediterranean University. Bids are now being accepted.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KTTO Tenders

0 comments By Innovia Admin Filed in Tenders August 14th, 2026 @ 12:37 pm

Security Forces Command

0 comments By Innovia Admin Filed in Tenders August 14th, 2026 @ 12:35 pm

Security Forces Command Tender Announcements

 

 

Competitiveness Report 2021-2022 Special Issue

0 comments By Innovia Admin Filed in Haberler July 4th, 2022 @ 12:04 pm

Competitiveness Report 2021-2022 Special Issue

President of TCCC Turgay Deniz participated in the General Assembly of the World Chambers Federation

0 comments By Innovia Admin Filed in Haberler May 15th, 2020 @ 4:33 pm

Turgay Deniz, President of the Turkish Cypriot Chamber of Commerce (TCCC), participated in the election of the General Council of the World Chambers Federation (WCF), the specialized unit of the International Chamber of Commerce (ICC) dealing with the Chambers of Commerce worldwide.

In the WCF General Council elections, total of 46 candidates participated and 20 members who will participate in 2020-2022 were determined.  In the membership elections of the WCF General Council more than 100 registered members voted.

TCCC President Deniz stated that the most important step was taken by ensuring the visibility of the Turkish Cypriot Chamber of Commerce and that the operations on this platform will continue. Deniz also noted that consultation with many Chambers was also made.

Since its establishment in the early 1950s, WCF has served as a platform where chamber leaders and senior executives communicate with each other and collaborate in areas that will benefit them in common, where problems are solved and opportunities are evaluated.

TRNC and UK chambers sign protocol

0 comments By Innovia Admin Filed in Press February 21st, 2018 @ 7:04 am

A protocol has been signed between the TRNC’s Cyprus Turkish Chamber of Commerce (KTTO) and the UK’s Cyprus Turkish Chamber of Commerce (CTCC).

TCC chairman Muhammet Yaşarata said it envisages investment and trade opportunities in both countries, and support in marketing TRNC products in the UK. KTTO will also help address the property problems of UK Turkish Cypriot buying in the TRNC.

The two chambers will also be able to hold joint seminars and exhibitions.
KTTO chairman Turgay Deniz said the collaboration means a “win win” situation.

In his statement, CTCC chairman Muhammet Yaşarata said UK-based businessmen are constantly visiting the TRNC and the chambers are working towards improving the TRNC in every aspect.

He added that his chamber is involved in lobbying and the two parties will start working to create a network to include the UK-based Turkish Cypriots, who have become a “big strength”.

Northern Cyprus Economy Competitiveness Report 2016-2017

0 comments By Innovia Admin Filed in Reports March 10th, 2017 @ 6:27 am

Northern Cyprus Economy Competitiveness Report 2016-2017

“This window of opportunity must not be missed”

0 comments By Innovia Admin Filed in Press, Press release January 10th, 2017 @ 10:58 am

NICOSIA ECONOMIC FORUM JOINT STATEMENT

This statement is issued by the Nicosia Economic Forum, comprised of the Cyprus Chamber of Commerce and Industry (CCCI), the Turkish Cypriot Chamber of Commerce (KTTO), the Union of Chambers and Commodity Exchanges of Turkey (TOBB) and the Union of Hellenic Chambers of Commerce and Industry (UHCCI), in view of the meetings in Geneva for the settlement of the Cyprus problem.

The Forum congratulates the Cypriot leaders for their hard work in finding a settlement and expresses its firm support to their efforts towards their shared goal.

The Forum underlines that there are numerous studies on the economic benefits of the solution for the Cyprus issue and reiterates that a settlement will boost the economic potential in the region too, through the cooperation of the economic actors of the respective countries. Furthermore, a functional and viable settlement will transform the island into a nucleus of stability in the Eastern Mediterranean area.

As the leading business organisations of Cyprus, Turkey and Greece, we call upon both Cypriot leaders and all relevant parties to conclude their efforts with a comprehensive plan during their meetings in Geneva. This window of opportunity must not be missed. We also call upon all citizens, political forces, civil society organisations, media and other groups to contribute positively and support the leaders for a successful outcome. This is of utmost importance since a political agreement reached by the two leaders will be submitted to the consent of the two Cypriot communities at simultaneous referenda. The Cyprus problem has been on the international agenda for decades and has prevented the island from reaching its full potential. We therefore feel obliged to do everything possible in order to relieve future generations of this burden. All parties have a historic responsibility to do their utmost in Geneva so as to reach an agreement on a functional and viable solution. The Nicosia Economic Forum reiterates its readiness to continue supporting the process as it has been since its establishment in 2014.

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