In 2018, Cyprus became the country with the highest stock of non-performing loans (assets) of general government, with 32.4% of GDP, far ahead of the other EU Member States, according to data released today by Eurostat the statistical office of the EU. According to Eurostat this was due to a large transaction, whereby non-performing loans from a Cypriot public financial corporation (classified outside government) were transferred to a government unit.
Read full articlePwC’s corporate responsibility programme focuses on promoting youth entrepreneurship, supporting vulnerable social groups, protecting the environment, promoting employee wellbeing and upskilling. The organisation’s activities, which are based on the values of giving back to society, volunteerism and civic participation are detailed in the organisation’s 2019 edition of “We participate & give back”.
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