Annual Review 2021

September 2021

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CEO Message 2021

FY21 was yet another challenging year, marked by the effects of the Covid-19 pandemic and shaped by a number of interconnected and mutually reinforcing global trends. In this changing environment, we have re-focused our business to support our clients and stakeholders to reinvent their strategies for future success. Building trust and delivering sustained outcomes has never been more important. To help our stakeholders address these two interconnected needs, we have launched “The New Equation”, PwC’s landmark global strategy which is our response to the fundamental changes we are seeing in the world.

Annual Review 2021

Key Performance Indicators

Financial Performance

€80m Net Revenues

€29,7m total contribution to government revenues including income tax, special contribution for defence, PAYE, VAT, GHS and social insurance contributions.

Corporate Responsibility

€150,000 worth of pro-bono and discounted services donated to community organisations and charitable institutions

  • €74,000 were invested in our entrepreneurship initiatives
  • €65,500 donated to non-profit organisations to support charitable causes
  • 400 hours of volunteering

Our People

  • More than 1000 People, including 401 qualified accountants and 919 university graduates
  • 2 new Partners as of 1 January 2021
  • 1 new Partner as of 1 July 2021
  • 4 new Directors as of 1 July 2021
  • 1 new Director as of 1 September 2021
  • 158 promotions to all other grades
  • 163 new recruits including 119 new University Graduates

Our Clients

  • 8,99 Likelihood to recommend PwC to peers and colleagues
  • 8,72 Overall satisfaction average

Out of a maximum score of 10

Figures based on an online Client Experience Survey carried out in May 2021

annual review 2021

PwC Cyprus Annual Review 2021

Our greatest impact on the business community and the society in general is through the advice and support we provide our clients and that is why creating meaningful connections and delivering the best possible experience is a top priority for us.

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New World New Skills

We support our people in reaching their goals and fulfilling their aspirations through our career development centres, leadership workshops, executive coaching and our “NewWorld. New Skills'' initiative which aims to bridge the digital divide by upskilling our people.

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Experience Center

During the year, we have reimagined the experience we create and have successfully launched the first in Cyprus, interactive and innovative Experience Center, aiming to expand the range of services we offer to our associates, clients and to the local society. Our new Experience Center aspires to serve as a platform for the practical implementation of sustainable solutions, whilst creating the ideal environment for an exchange of views and the “birth” of innovative ideas, services and products.

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The New Equation in Cyprus

Going forward, our efforts will be directed towards the successful implementation of our new strategy “The New Equation” which focuses on 3 key pillars: Sustainability & Green Transition, Digital Transition and Building Trust where it’s needed most.

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FY22 marks the completion of my ten-year journey as the CEO of PwC Cyprus. I would like to thank our clients for their trust, our people for their commitment and my Partners for their support. I'm proud of our collective achievements over the past decade and especially proud of the fact that PwC is an organisation ready and fit for the future!

Evgenios C Evgeniou
CEO, PwC Cyprus

Contact us

Konstantina Logotheti

Director - Marketing & Communications, PwC Cyprus

Tel: +357-22555108

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