The impact of COVID-19 on consumer needs and expectations is significant, with consumers being more thoughtful and selective in their decision-making, according to the KPMG report “Consumers point a new direction to retailers”.

Message from Christos Vasiliou, Managing Director:

The Cyprus Chamber Of Commerce and Industry (CCCI) announced today the launch of the Cyprus - Kazakhstan Business Association, aiming to further promote, expand and encourage business relations between Cyprus and Kazakhstan.

Following the success of last year’s programme, KPMG in Cyprus welcomed on the 15th of July 2019 at its premises in Nicosia this year’s Chinese students, for the implementation of the high-calibre training and practice programme titled “Future Business Leader”.

Addressed to business executives from the financial and business worlds, KPMG in Cyprus organised the launch event of its newly-formed Credit Institute on the 10th of June 2019 at the Royal Hall, Nicosia.

KPMG in Cyprus delivered a press conference at its premises in Nicosia to officially launch the KPMG Science Shop, an initiative that promotes and implements community-based participatory research while collaborating with universities, research centers and the society.

KPMG in Cyprus announces the official collaboration with boost.ai, a Scandinavian software company that specialises in Conversational Artificial Intelligence (AI).

Following the success of last year’s programme, KPMG in Cyprus is delighted to welcome again at its premises Chinese students for the high-calibre training and practice programme titled “Future Business Leader”.

CyprusProfile talks to Angelos Gregoriades, Chairman, KPMG in Cyprus, about which sectors of the economy provide the best opportunity for growth and foreign investment, and his expectations for Cyprus in 2018

CyprusProfile talks to Andreas Christofides, Managing Director, KPMG in Cyprus, about the key areas of opportunity or growth, and his expectations for Cyprus in 2018

The way consumption unfolds, gives an important indication for an economy’s health level and at the same time it reveals the consumer trends over spending. However, it should be noted that the data published takes also into account the 'imported consumption' - generated by foreign visitors - and therefore further analysis is required as to whether and in what extend the dispositions of the domestic market are reflected through these data.

The current status in the European Banking System is characterized by an alarming heterogeneity in regards to the category of Non-Performing Loans (NPLs). It is evident that high NPL stocks are reducing the resources that can be allocated to new financing by shrinking lending and consequently draining the economy out of necessary liquidity and working capital.

Being creatures of habit, one would assume that customers would prefer to remain loyal to the brands they have been using, instead of switching to competitive brands. According to Nielsen, 78% of consumers are not loyal to any particular brand. Considering that customer loyalty has long been recognised as the magic ingredient in the recipe for business success, this figure could lead us to question whether loyalty really exists in the digital era.

Two of the most popular and internationally recognized ISO standards have been revised and reissued in September 2015. The new ISO 9001 Quality Management Systems and ISO 14001 Environmental Management System standards are featuring important changes and adopt a new and interesting perspective.

Common Reporting Standard (CRS) for the Automatic Exchange of Information (AEOI)

• UK fraud coming to Court soars to £385m in the first half of 2015, an increase of 22% • Explosion in family fraud as Britain’s elderly preyed on by younger relatives • Fraudulent middlemen line their pockets duping unwary buyers

CEOs continue to transform their organizations and are increasingly concerned about product relevance, customer loyalty and keeping current with new technologies, according to new KPMG CEO Outlook Study

KPMG explains to ENR companies the importance of risk management through a webcast.