Turkish Cypriot
Chamber of Commerce

Brussels Representation Newsletter

ISSUE 20, 30 October 2015



KTTO-KEBE joint event “Cyprus reunification in the making: The role of the business communities ” took place in the EP

Turkish Cypriot Chamber of Commerce (KTTO)- Cyprus Chamber of Commerce and Industry (KEBE) joint event entitled “Cyprus reunification in the making: The role of the business communities ” which is kindly hosted by MEPs Artis Pabriks, Knut Fleckenstein and Takis Hadjigeorgiou, was held in the European Parliament on 15 September 2015.

Following the screening of the documentary “Ghost airport of the divided capital``, there was a panel discussion with the participation of the Presidents of the two Chambers, Mr. Fikri Toros, President of KTTO, and Mr. Phidias Pilides, President of KEBE.  The two Presidents shared their common vision emphasizing that the status quo is unacceptable and the comprehensive settlement would unlock the island’s potential, enhancing the welfare and prosperity of both Communities as well as the entire region. READ MORE

Commissioner Cretu welcomes the Chambers’ efforts and assures them of the Commission’s support

Corina Cretu, EU Commissioner responsible for Regional Policy, met Mr Fikri Toros, President of the Turkish Cypriot Chamber of Commerce and Mr Phidias Pilides, President of the Cyprus Chamber of Commerce and Industry in Brussels, on 16 September 2015. In the  press statement made following the meeting, Cretu thanked the two Chambers “for their active involvement in achieving a Cyprus settlement through economic activities”and assured them of the Commission’s support to the Chambers’ efforts.  Cretu also emphasized the importance of economics as a driver of peace and the essentiality of the economic development of the Turkish Cypriot community for the reunification of Cyprus. READ MORE


Startups 4 Peace

Organized by the Finnish Embassy in Nicosia, in cooperation with the Turkish Cypriot of Chamber of Commerce and Cyprus Chamber of Commerce and Industry with the endorsement of Nicosia Economic Forum, the Startups 4 Peace competition took place on 27 October, 2015 at the Home for Cooperation located in the buffer zone of Nicosia. The competition which aimed to encourage the innovative business ideas with island wide perspective, drew a lot of attention from young and innovative Cypriots from both communities in Cyprus. 

During the "Grand Finale" 7 bicommunal teams pitched their ideas in front of a jury and three groups were selected as the winners. The winners, CiRe News, ReserveEat and ZoomCyprus
  now has the opportunity to participate at the Helsinki "Slush" summit that will bring hundreds of entrepreneurs together in November.  

Fresh water starts to flow from Turkey to North Cyprus upon the completion of the vast undersea pipeline project

The 107 kilometers pipeline transferring water from the Alaköprü Dam on the Anamur-Dragon Creek in Turkey to the Geçitköy Dam in North Cyprus is inaugurated on 8 October 2015. The project which has cost nearly 480 million Euros, aims to meet the Turkish Cypriot Community’s irrigation and drinking water needs for a timespan of 50 years, supplying around 75 million cubic meters of water annually. Of the 75 million m³ fresh water, 37.76 million m³ (50.3%) is destined to be used for drinking purposes and the remaining part (49.7%) to be allocated for irrigation. The project is expected to more than double the agricultural production and contribute to the development of the Turkish Cypriot economy. READ MORE


KTTO participated in the Eurochambres Economic Forum held in Luxembourg

KTTO participated in the second edition of the EUROCHAMBRES Economic Forum which is held during 15-16 October 2015 at the Luxembourg Chamber of Commerce. The event which is the biggest networking and benchmarking platform for the European national, regional and local chambers offered an excellent opportunity for participants to join the debate on the implications of the socio-economic trends on Chambers.
Innovative Chamber activities and services, reshaping the Chamber Business Model and new Chamber Management skills were among the thematic issues discussed at the Forum. On the second day of the Forum, there were also special breakthrough sessions on SME internationalisation and financing.
For more information on the Forum: http://www.eurochambres- economic-forum.eu/


EPC Policy Dialogue on Cyprus -The search for a solution: Are we nearly there?

On October 21, 2015, the European Policy Centre organized a policy dialogue on Cyprus entitled “Cyprus- The search for a solution: Are we nearly there?”

At the policy dialogue moderated by  EPC Senior Policy Analyst Amanda Paul, the four experts- Mustafa Erk, Board Member of the Turkish Cypriot Chamber of Commerce, Costa Constanti, Cyprus Academic Dialogue, Richard Howitt, Member of the European Parliament and James Ker Lindsay, Senior Research Fellow on the Politics of South East Europe, London School of Economics, gave their perspectives on how they see the current round of negotiations on the island, the main challenges and scenarios for the future. The event was attended by the officials from the EU institutions, representatives of NGOs and the media. For more information on the event please click here .

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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