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