North Cyprus Chamber president hails Turkic investment fund as landmark economic milestone PHOTO

The President of the North Cyprus Chamber of Commerce, Turgay Deniz, described the establishment of the Turkic Investment Fund as a historic step towards enhancing economic cooperation among Turkic-speaking nations.

Speaking at a business meeting in Baku, Deniz highlighted that the Fund’s activities would enable countries in the region to fully unlock their economic potential, strengthening their positions on the global markets, Caliber.Az reports via local media.

He also drew attention to the application submitted by his chamber for membership in the Union of Chambers of Commerce and Industry of Turkic States, and stressed the importance of the Fund for entrepreneurs in the region.

With an initial capital of $600 million, the Fund is designed to finance regional projects, providing support for micro, small, and medium-sized businesses.

The Fund was established under an agreement signed on March 16, 2023 in Ankara, with operations officially commencing in May 2024.

By Aghakazim Guliyev