PwC: 19th Annual Global CEO Survey

18:00 - 30 Ιουνίου 2016

PwC published the findings of its 19th CEO Survey by field of activity, and analysed their impact on Cypriot companies.
According to Evgenios Evgeniou, CEO of PwC Cyprus, PwC’s fifth local CEO survey comes at a time of positive developments for the Cyprus economy.
The return to growth, the upgrading of Cyprus’ credit ratings and the anticipated exit from the three-year bailout program, coupled with the progress in doing business recorded in international reports, all confirm the significant improvement in the economic climate. The goal of sustainable growth is now more tangible and realistic than ever before.
In his statement, Evgeniou said that “even though CEOs in Cyprus share the concerns of CEOs globally regarding the outlook of the global economy, the overwhelming majority (85%) remains confident about their own company’s prospects for revenue growth over the next 12 months. This confirms the positive sentiment in the local business community, as a result of the significant economic progress achieved in the past year.”
He continued by saying “Even though our economy is entering a new phase, there is still a lot to be done. We need to continue our efforts with the same intention to become more competitive through structural changes and a comprehensive growth plan.”
Evgeniou added “we should focus on actions to eliminate bureaucracy and over-regulation in order to remove all barriers in attracting investors. In this context, we need to create the conditions that will lead to a friendly business environment. This is the only way to achieve sustainable growth. At the same time, local businesses that have responded and survived, need to find their way to growth through the restructuring of their balance sheets and the implementation of clear strategies based on their competitive advantages.”
For more information about the 19th Annual Global CEO Survey and to download the report please visit:http://www.pwc.com.cy/en/ceosurvey/19th-annual-global-ceo-survey-cyprus.html
  
 
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