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1. PwC Cyprus partners with leading companies for groundbreaking Project Symbiosis

A leading Consortium comprised of PwC Cyprus, Multimarine Services Ltd, SignalGeneriX Ltd, and Theophrastus Research Institute, has been awarded the Project Symbiosis to Harmonise Offshore Renewable Energy with Defence Operations by the European Defence Agency (EDA)....

2. Effort to create new cooperative bank in Cyprus begins with IPO search

The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....

3. FT: China slaps PwC with $62 Million fine and six-month ban

Chinese authorities have hit PwC China with a hefty fine of $62 million and a six-month ban following a major scandal involving the collapsed property developer Evergrande, according to the Financial Times. ...

4. FT: China set to hit PwC with record penalty amid Evergrande fallout

PwC China has informed its clients that it expects Chinese authorities to impose a six-month business ban starting as early as September, following its audit of the now-collapsed property developer Evergrande....

5. PwC Cyprus is strengthened with new partners

As PwC Cyprus continues its successful re-invention and shift to a new business model, fit and relevant for the new market conditions and opportunities, ...

6. PwC: Slow progress in gender equality in the workplace

To mark International Women’s Day 2024, PwC has released two studies, the Women in Work Index and Inclusion Matters, finding that global progress on achieving gender parity at work continues at a sluggish rate....

7. Cyprus real estate market holds steady at €5.5bn in 2023

The Cypriot real estate market demonstrated remarkable resilience and flexibility during 2023 and the total value of transactions reached €5.5bn, which appears to be at the same levels as in 2022, a press release by PwC Cyprus says....

8. Cyprus economy 2024: Ktrends reveals challenges and successes

Delving into the latest findings from the 6th wave of ''Ktrends'' research by ''Kathimerini'' newspaper unveils a multifaceted picture of Cyprus's economic landscape in January 2024. ...

9. EY Cyprus welcomes two new partners to power growth

EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of two new partners....

10. PwC Cyprus goes 100% renewable, sets green example

PwC Cyprus issued an announcement today, revealing that it has achieved a significant milestone in its quest for zero emissions. The electricity powering its operations in Nicosia and Limassol is now sourced entirely from renewable sources. ...

11. PwC Cyprus hosts informative CESOP event on new VAT reporting obligation

PwC Cyprus successfully organized a pivotal event entitled ''A New Reporting Obligation on VAT'' at its state-of-the-art experience centre on Monday, 18 December 2023....

12. PwC Cyprus recognized for leading the way in ''gender equality''

PwC Cyprus was honored with the renewal of the ''Gender Equality Employer'' Certification at a ceremony held by the Ministry of Labour and Social Insurance on December 15, 2023....

13. 'Ktrends' survey reveals public dissatisfaction with Cyprus government

In a recent economic survey conducted by ''Kathimerini,'' the fifth wave of ''Ktrends'' highlights notable trends in economic, household, and market dynamics for October 2023. ...

14. Leaked documents expose payments of German journalist through Cyprus

In a joint investigation by Der Spiegel magazine and German public television ZDF, conducted in collaboration with the International Consortium of Investigative Journalists under the project ''Cyprus Confidential,''...

15. Finance Minister perturbed over 'Cyprus Confidential'

Finance Minister Makis Keravnos expressed dismay over the revelations in ''Cyprus Confidential,'' emphasizing concerns about ongoing portrayals of Cyprus as a problematic financial and investment destination....

16. Cyprus Confidential: A new stain on Cyprus' image

Another episode is unfolding that stains Cyprus' name on a global scale. This time, it's not about the Naturalization Program or "golden passports" but centers on sanctions imposed on Russian oligarchs since Russia invaded Ukraine in February 2022....

17. Cyprus Confidential unveils scandalous financial ties

The ICIJ investigation reveals that PwC Cyprus collaborated with at least 12 Russians under Western sanctions, aiding in wealth transfer during Russia's annexation of Crimea and the Donbass war....

18. Seven ways to boost Cyprus’ economy and competitiveness

The Cyprus economy needs seven important pillars to respond to the increasingly volatile environment, achieve greater growth, gain a more resilient and competitive economy, and develop innovation and more growth potential, according to PwC CEO Philippos Soseilos....

19. PPC becomes new owner of ''Kotsovolos'' in €200 million deal

In a significant development, PPC, the Greek energy company, has emerged as the new owner of the popular retail brand "Kotsovolos." This transition was facilitated through a deal with the British group Currys, valuing the acquisition at €200 million, entirely free from loans and lease obligations....

20. Christodoulides rejects Cyprus solution changes

In a firm stance on the Cyprus issue, President Nikos Christodoulides asserted that altering the foundation of a Cyprus solution is deemed unacceptable, not only by the Greek Cypriot side but also by the international community. ...

21. TechIsland Awards: The highly anticipated awards ceremony of the tech sector

The winners of the first ceremony in 7 categories...

22. Philippos Soseilos: Significant investment opportunities in Cyprus

23. TechIsland announces TechIsland Awards Finalists

TechIsland is happy to announce the shortlist of finalists for the 1st TechIsland Awards. The 260+ members of TechIsland were asked to submit their nominations for 7 different categories of awards, based on specific criteria, aiming to bring forward and shine a spotlight on individuals, projects and companies that are shaping the tech and innovation landscape of Cyprus....

24. Saving Lives Through Blood Donation

PwC Cyprus organised three voluntary blood drives within a few months...

25. Restoring a wounded reputation

Last March, a publication by the Financial Times revealed the move of three shareholders of PWC Cyprus to resign from the audit firm and establish the company Kiteserve. ...

26. PwC Cyprus Easter charity bazaar marked as an absolute success

The participation of PwC Cyprus people in the organization's annual charity Easter Bazaar, which took place at the headquarters in Nicosia on Thursday, April 6, 2023, was unprecedented. PwC people participated with their creations, handicrafts, and various delicacies, which were made available to their colleagues, to collect money and allocate it for charitable purposes. Noteworthy, the proceeds from the sales will be allocated to various charities chosen by the employees themselves....

27. Completion of Project Starlight

28. Consumers cutting back on non-essential items as cost of living rises

As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...

29. PwC: 5.2 billion in real estate transactions in 2022

Transaction volumes in the real estate and land development sector have surpassed those of 2019. According to the most recent PwC Cyprus publication, the total value of transactions in 2022 will reach €5.2 billion,...

30. PWC survey: Seven out of ten CEOs are pessimistic about 2023

According to the 26th Annual Global CEO Survey conducted by PwC between October and November 2022, nearly three-quarters (73%) of respondents expect global economic growth to slow over the next 12 months....