articles | 08 July 2017 | EY Cyprus

EY celebrates 80 years in Cyprus

2017 marks 80 years of successful business for EY in Cyprus. The origins of EY Cyprus date back to 1937, when the Russel & Company partnership was formed.

At the time, this was the first professional accounting firm registered in Cyprus. The current firm, Ernst & Young Cyprus Ltd, was formed in 1989 as a result of the merger of Arthur Young/ Russel & Co. and Ernst & Whinney, and is a member firm of Ernst & Young Global, the international professional services company headquartered in London. The organization was known as Ernst & Young until 2013, when it underwent a worldwide rebranding and changed its name to EY. It has taken the bold leadership and countless contributions of people around the world to form the leading global organization EY is today.

Throughout the last 80 years, EY Cyprus has been at the forefront in assurance, tax, transaction and advisory providing services to a broad range of clients from private individuals and entrepreneurial businesses to major public companies and large multinationals. Having started with only a handful of professionals in 1937, today, the local practice numbers 300 people, based in Nicosia and Limassol.

EY Cyprus is part of a network of more than 250,000 people in more than 150 countries around the world, and one of the 22 countries that comprise the Central and Southeast Europe (CSE) Region of EY’s Europe, Middle East, India and Africa (EMEIA) Area. While serving its clients, EY Cyprus draws upon this vast network to bring together the right people, in the right place, at the right time, tailoring its services to the business needs of its clients.

Stavros Pantzaris, EY Cyprus Country Managing Partner, says:

"We’ve come a long way since 1937 when our first office opened its doors in Cyprus. We have grown both in numbers and in expertise.  Through providing exceptional service we have gained the trust of our clients and have built a strong reputation in the local market. Our team grew quickly; our services developed and became diversified. I am proud of our history and of what we are today – a strong team of professionals who have made EY a leading firm in Cyprus. Congratulations to our entire EY Cyprus team and a big thank you to our clients and all those who have contributed to our growth, for their trust and continuous support.

We’ve had 80 great years and we look forward to the next 80! We will continue to team up with businesses, entrepreneurs and governments to support the local economy and contribute to a better working world. As innovation and technology are rapidly disrupting businesses and entire industries, we will stand by our clients to help them solve their most pressing challenges and take advantage of emerging opportunities in order to evolve.  To support our vision of creating the highest-performing teams that deliver exceptional client service, we will continue to make strategic acquisitions and alliances, which will bring new professional skills and enhanced capabilities to the market place."

Cooperation Partners
  • Logo for Invest Cyprus
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Cyprus Investment Funds Association
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus International Businesses Association
  • Logo for CYFA Cyprus
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus Shipping Chamber
  • Logo for Love Cyprus Deputy Ministry of Tourism