CEO Survey 2023

12th Annual CEO Survey Cyprus

Winning today's race, while running tomorrow's

Message from the CEO

Twelve years after the first CEO survey in Cyprus, I can say with confidence that we have at our disposal a valuable and comprehensive database that provides an insight into how our business leaders think and operate. The 159 CEOs from Cyprus who participated in this year’s survey give us a clear picture of what gives them optimism, but even more so of what worries them during current difficult times.

I would like to extend my warmest thanks to the 159 CEOs, as well as all those who have contributed to our survey throughout these 12 years. Without their participation, our venture would not be a success. I thank them both for their time and their continued trust.

 Philippos Soseilos

CEO & Chairman of PwC Cyprus

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The majority of the 159 CEOs who have participated in PwC’s survey in Cyprus (69%) are pessimistic, as they believe that global economic growth will decline over the next 12 months. The corresponding figure for the same question in the previous survey was merely 19%, highlighting the dramatic drop and the contrast from last year, when optimism prevailed with 75%.

Source: PwC 12th Annual CEO Survey, Cyprus
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revenue growth

Prospects for profitability and revenue growth

When asked to predict revenue growth in their own company, CEOs draw a different picture.

38% of CEOs in Cyprus are very confident about their company's revenue growth prospects over the next 12 months, while an additional 48% are moderately confident.

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Global threats & concerns

Over the next 12 months, CEOs in Cyprus feel more exposed, and appear to be most concerned with a percentage of:

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climate change
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The impact of climate risks

CEOs’ race against time is especially urgent when it comes to climate change. Only 18% of CEOs are very concerned about the impact of climate change on their cost profile, while 70% are worried to a limited/moderate extent.


What kind of ecosystem are we building?

According to our survey, when companies do collaborate, their primary goal is to create new sources of value, rather than to solve societal challenges. 

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Investing in technology is a top priority for Cyprus


40% of CEOs in Cyprus don’t think their companies will be economically viable a decade from now if they continue on their current path

Contact us

Konstantina Logotheti

Director - Marketing & Communications, PwC Cyprus

Tel: +357-22555108

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