PwC Cyprus Findings - 16 June 2020
PwC is tracking sentiment and priorities about the COVID-19 outbreak among CFOs. During this bi-weekly survey, Cyprus participated in it’s third and final round with 37 CFOs who were surveyed for the round taking place between 1-11 of June.
989 CFOs participated in the last CFO Pulse survey round, across 23 territories: Central and Southern Africa, Brazil, Caribbean, China/HK, Cyprus, Denmark, France, Germany, Greece, Ireland, Japan, Lithuania, Malaysia, Mexico, Middle East, Netherlands, Portugal, Singapore, Sweden, Thailand, Turkey, US and Vietnam.
46% of CFOs in Cyprus expect a decrease in revenue of up to 25% as a result of COVID-19, while only 3% of them expect an increase in their revenues
97% of CFOs in Cyprus are mostly confident in tactical measures to ensure safety of customers and 100% confident to provide a safe working environment for employees.
46% of the respondents believe that their company could return to ‘business as usual’ within three months if the crisis were to end today whereas 16% believe that it will take more than a year.
73% of CFOs in Cyprus think technology investments will make their company better in the long run followed by work flexibility (57%).