Evgenios C. Evgeniou

CEO, PwC Cyprus

PwC Cyprus Annual Review 2017

FY17 has been another year full of challenges, with several key milestones. We are proud to see the results of our effort which is directed towards supporting local businesses, foreign investors and our community as well as towards transforming our business in ways that enable us to deliver the highest quality of services to our clients.

The economy is demonstrating positive growth and foreign direct investment inflow is on the rise. New investment opportunities are being created in traditional and emerging economic sectors. Confidence in the Cypriot economy has been largely restored but challenges do remain.

Addressing the issue of non-performing loans and upgrading our economy to investment grade rating are key. We also need to continue with the necessary reforms so as to significantly improve the position of Cyprus in the international doing business and competitiveness rankings and move into the digital age.

In this ever- changing and highly competitive international environment, we are guided by our purpose and our Annual Review, for the financial year which ended on 30 June 2017, confirms the positive impact of our organisation in building trust in society and solving important problems.

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