Turgay Deniz: Creation of Turkic Investment Fund will strengthen interaction between business structures in region

The President of the Northern Cyprus Chamber of Commerce, Turgay Deniz, called the creation of the Turkic Investment Fund a historic step for economic cooperation between Turkic states during a business meeting in Baku.

According to Report, he noted that the Fund's activities will allow countries in the region to fully realize their economic potential and strengthen their positions in global markets.

Deniz also reminded about his chamber's application for membership in the Union of Chambers of Commerce and Industry of Turkic States and emphasized the importance of the Fund's work for entrepreneurs.

The Fund's authorized capital is $600 million. It finances regional projects and supports micro, small, and medium businesses.

The Fund was established through an agreement signed on March 16, 2023, in Ankara and began its operations in May 2024.