Turkish Cypriot
Chamber of Commerce

Brussels Representation Newsletter

ISSUE 10, 10 March 2014


KTTO and KEBE meet in Brussels under the auspices of Eurochambres

Following the resumption of comprehensive settlement talks in Cyprus on 11 February 2014, the President of the Turkish Cypriot Chamber of Commerce (KTTO), Mr Günay Çerkez and the President of the Cyprus Chamber of Commerce and Industry (KEBE), Mr Phidias K.Pilides met on 5 March 2014 in Brussels under the auspices of EUROCHAMBRES’ Secretary General, Mr.Arnaldo Abruzzini. 

The two Chambers reiterated their commitment to support the efforts of the political leadership to find a comprehensive settlement to the Cyprus problem and to discuss how they could together concretely contribute to the success of the negotiations.

“We have ahead of us a great opportunity to achieve a lasting, just, viable and functional solution to the Cyprus problem and we owe it to the future generations of our country to do so. The two Chambers will do their utmost not to fail them” reads the joint statement adopted by the two Chambers following the meeting. READ MORE


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



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”.

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. 


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. 

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.  READ MORE

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