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Toros
re-elected as President of KTTO
On the 4th of April, 2016, the Turkish Cypriot Chamber of
Commerce (KTTO) elected its new Executive Board for the term 2016-2018.
Fikri Toros, the incumbent President, was re-elected unanimously by the
members of the Chamber’s Assembly.
In his keynote speech delivered at the Chamber’s Annual General
Meeting, Toros underlined the importance of private-sector driven
economic growth as the essential element of achieving a competitive and
sustainable economy and stated that achieving this goal will remain to
be the Chamber’s priority. Acknowledging the instrumental role of
the EU harmonization process in reaching this objective, Toros
emphasized that the Chamber would continue spare no effort in preparing
the member enterprises for a prospective reunified Federal Cyprus and
the EU single market. READ
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The EC task force
responsible for the Turkish Cypriot Community undergoes a name change,
becoming “Support for the solution of the Cyprus problem”
Following the transfer of the “Task Force for the Turkish Cypriot
Community” from the Commission’s Directorate-General for
Regional Policy to the Secretary General’s Structural Reform
Support Service (SRSS), on 13 April 2016, the EU Commission decided to
change the unit’s name to “Support for the solution of
Cyprus problem”. The decision will take effect on the 1st
June 2016 and will be subject to re-evaluation on the 17th February
2017 at the latest.
Following KTTO’s inquiries at the European Commission as regards
to these developments, the Chamber was informed by the Commission that
these changes were made solely for consolidation purposes, in order to
enable better coordination of all the Commission’s efforts in
facilitating the process for the reunification of Cyprus. As a response
to the Chambers’ concerns on the changes, the Commission
underlined that its obligations with respect to the Turkish Cypriot
Community would remain unchanged and the direct engagement with the
Turkish Cypriot Community representatives would be maintained. READ
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The Chamber publishes
its report entitled “Negotiation process and the Turkish Cypriot
economy in a Federal Cyprus”
"KTTO continues its
efforts to prepare the business community for the EU single market"
KTTO sponsored report entitled “Negotiation process and the
Turkish Cypriot economy in a Federal Cyprus” is finalized and
presented on the 12th of February 2016 in Nicosia, with the
participation of distinguished guests.
The report presents an overview of the current state of the main
economic sectors in North Cyprus and identifies the main issues that
need to be dealt with in order to be prepared for the EU single market,
following a comprehensive settlement in Cyprus.
The report presents an overview of the current state of the main
economic sectors in North Cyprus and identifies the main issues that
need to be dealt with in order to be prepared for the EU single market,
following a comprehensive settlement in Cyprus. Focusing on the
agriculture, construction, trade, tourism, education, transport and
communications sectors, the report makes recommendations on the actions
to be taken for a post-settlement competitive economy.
Preparing the Turkish Cypriot economy and its member enterprises for
the EU single market is a priority for KTTO, and by sponsoring the
report the Chamber aimed to contribute to the work of all stakeholders
involved in making the EU harmonization process a success.
For the summary of the report (in Turkish), please click here
The report is currently available only in Turkish but its English
version will also be available on our website soon.
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