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BUSINESS VOICES
In this issue of our
newsletter, we are
featuring Mr. Dimað
Çaðýner, the
Director of
Destination
Management Group
(DMG). With Çaðýner,
we discussed the
current state of
play and the future
of the tourism
sector in North
Cyprus.
“The future of
the tourism sector
is very much linked
with the form of the
settlement that will
be reached on the
island. If we assume
that there will be a
bi-communal,
bi-zonal federal
solution, as
foreseen now, Cyprus
is going to be
considered as ‘one
destination’. Right
now Greek Cypriots
sell their product
as ‘Cyprus’, and we
sell ours as ‘North
Cyprus’. This
creates
complications in
terms of marketing
strategy. Following
the settlement, we
are going to achieve
uniformity in
branding our
products as “
Kyrenia-Cyprus”,
“Famagusta-Cyprus”
etc. I believe that
the positive effects
of the settlement
will outweigh its
negative effects".
Please click here
for the full
interview
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KTTO launches its
sixth
Competitiveness
Report
The Sixth
Competitiveness
Report on the
Turkish Cypriot
Economy commissioned
by KTTO, was
launched at the
Forum organized at
the KTTO Conference
Hall on 21 February
2014. Hosting a
high-level audience
including the Prime
Minister, ministers,
ambassadors as well
as representatives
of political,
business, and
academic circles in
Northern Cyprus, the
Forum discussed the
competitiveness of
the Turkish Cypriot
economy while
focusing on how to
achieve an
“investment-friendly
environment for a
private-sector led
growth”.
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Negotiators from
each side of Cyprus
cross-visit
guarantor powers
Turkey and Greece
Following the
resumption of UN
backed comprehensive
settlement talks in
Cyprus on 11
February 2014, the
Turkish Cypriot
chief negotiator
Kudret Ozersay and
the Greek Cypriot
chief negotiator
Andreas Mavroyiannis
made simultaneous
visits to Athens and
Ankara respectively
on 27 February 2014.
The first time in 55
years that a Turkish
Cypriot negotiator
visited Athens.
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KTTO organizes
its second
Entreprenurship
Summit
The Turkish Cypriot
Chamber of Commerce
(KTTO) organised its
second
Entrepreneurship
Summit in
collaboration with
the Turkish Economy
Bank (TEB) on 5
March 2014. The
summit, which took
place at the KTTO
Conference Hall,
received a lot of
interest and
participation from
our members, local
authorities and
university students.
The Summit hosted
experts on
entrepreneurship and
successful
entrepreneurs from
different fields of
business in North
Cyprus.
“The business
community in North
Cyprus was obliged
to operate in a very
small market for
decades, isolated
from the world” said
Seda Yavaþ, KTTO
Vice President. “Due
to the political and
economic isolation
of North Cyprus,
access to finance is
particularly
difficult and
expensive” she
emphasized. Citing
political
instability and
inefficient
government
bureaucracy among
the main obstacles
for entrepreneurs,
Yavaþ stated that
the necessary
measures should be
taken to remove
these obstacles and
open the way for
entrepreneurs so
that the eventual
solution of the
Cyprus problem would
be an opportunity
and not a threat for
them.
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About Us
Established in 1958, the
Turkish Cypriot Chamber of
Commerce (KTTO) is an
internationally-recognized
organization, representing
the Turkish Cypriot business
community at home and
abroad.
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