MONDAY, 17 FEB 2020



Facebook Linked In Twitter

Nikos Christodoulides: We Do Not Meddle With Turkish Cypriots’ Internal Matters

EIB President Confirms €230m Were Provided For Local Projects Last Year In Cyprus



brought to you by PWC

NetU: Another Fruitful Year

NetU: Another Fruitful Year

NetU is a leading Information Technology solutions and services organisation in the Eastern Mediterranean.
With a presence in Cyprus and Greece, NetU is recognized as a major Integrator in the region and has developed strong local and international activity. Being a trusted IT business partner to medium and large organizations in the private and public sectors, NetU provides world-class IT solutions in the areas of:

Business Solutions: A comprehensive range of leading international business applications and selected vertical solutions.
Technology Solutions: Advanced technology solutions based on products of the main technology vendors, in the areas of Integration, Data, Software and Infrastructure.
Professional Services: A wide spectrum of information technology professional services entailing project management, solutions implementation, custom software development, consulting, technical services, training, maintenance & support.
Systems Integration: Delivery of Total Solutions from a single-reliable point of contact, by combining Professional Services with Business and/or Technology Solutions.


Interview with Christos Tattis, Senior Commercial Manager

What kind of a year has 2019 been for your firm? Name some of the highlights and/or low points.

2019 has been another fruitful year for us. We have been working towards providing top quality IT solutions and services in both the private and public sector and we are very proud to be recognized for this. During the year, we have made some significant progress in exporting our expertise in Law Enforcement solutions. We have established a strong presence in Cyprus, Greece and Croatia and have been shortlisted in various other countries. We are now established as one of the few companies in Europe that have the expertise to execute this kind of complex and mission- critical projects. In the private sector, I would say that the year was dedicated to the Cloud Business. We promote some best-in-class business solutions, such as Salesforce CRM and Oracle NetSuite ERP. CIO Review has nominated NetU as “One the 20 Most Promising Solution Providers” in the world for 2019. I would say that this is the result of the hard work done during the last two years at all levels.


More broadly speaking, has 2019 been a good year for your profession in Cyprus and internationally? What have the main developments been?

In general, 2019 has been a good year for our profession. The Cyprus ICT Services market has seen year-on-year growth of 9%, which is far better than the expected recovery from a financial crisis of the magnitude experienced in Cyprus. Both the public and private sector have been recognizing more and more the need to act more decisively in the digital transformation era. Investment in digital transformation is becoming a necessity and that’s where NetU is positioned, to help and advise our customers. During the year, we had a very significant development in terms of enforcing and embedding Data Compliance and Security in B2C applications, through the GDPR rollout. We have seen the impact of this Directive as a significant opportunity for our profession, both in terms of creating new software and in adjusting what already exists. Furthermore, the Government has announced a number of important and high-value projects as part of its digital strategy. The acceptance of efficiently doing business in the Cloud was another important development directly affecting our profession. A significant percentage of ICT investments are geared in this direction. More and more businesses acknowledge the benefits of Cloud Computing. We feel very proud, since we have been working for the last 4-5 years to achieve this Cloud Computing uptake in Cyprus. As one of the largest system integrators on the island, we feel very strongly about this and we are still actively promoting it.


How do you view the present state of the Cyprus economy and what are your hopes and/or predictions for it in 2020?

It’s obvious that, over the last 2 years, the Cypriot economy has exceeded expectations, with 4% annual GDP growth. While this is expected to slow down in the coming next years, the forecast remains positive. This is reflected in IT spending as well and it is expected that companies will increase their investment in IT solutions to achieve their digital transformation strategies. In the public sector, the award is expected of large projects that are currently under evaluation by the Government, giving a positive outlook to the ICT market. However, there will be some serious challenges in the near future, the most important of which, could be the IT talent shortage. We believe that it is important to establish a strategic partnership with educational institutions in Cyprus, in order to ensure that enough talent will graduate to cover most of the IT industry’s needs. Cypriot ICT companies have to remain competitive at a time when no limitations exist and the only way to do this is to create talented professionals with critical thinking who will promote efficient solutions.


Headquarters Address: 13, Acropoleos Street & 2, Thoukididou Street, Acropolis, 2006 Nicosia, Cyprus

Postal Address:P.O. Box 28709, 2082 Nicosia, Cyprus |

Tel:(+357) 22670080 | Fax: (+357) 22671026

e-mail: | Website:


Cyprus Yachting Conference

IMH proudly presents the much-anticipated Cyprus Yachting Conference which will take ...

EY: TMT Businesses Unphased By Geopolitical Volatility As Upward M&A Trend Continues

Despite citing regulatory and geopolitical uncertainty as the greatest ...

Version 8 of DMI's Professional Diploma in Digital Marketing Restarts In March

For those in love with Digital Marketing this season, ImarComms, Global Partner of the ...



The Director of LSE Dame Minouche Shafik in Cyprus

The Cyprus LSE Alumni Association is proud to host a conversation with the LSE Director Dame Minouche Shafik, ‘Where is the world economy going and ...

Technology is Transforming the Mining Industry

The global mining industry has radically evolved over the last 25 years, largely due to technological advancements as well as regulations imposed by ...

Ferry Connection Between Greece And Cyprus To Be Re-Established in May 2020

Greek authorities have approved the reintroduction of a ferry connection between Greece and Cyprus, a line that stopped operating in 2000, the Greek City Times ...

Transport Minister Travels To Brussels And Stockholm For Series Of Meetings

Cyprus’ Minister of Transport, Communications and Works Yiannis Karousos will be flying to Brussels on Monday, where on Tuesday, in the framework of ...

Crystal Springs Beach Hotel Tops HolidayCheck Cyprus Hotels

The top 10 Cyprus hotel winners of the ‘HolidayCheck Awards 2020’ have been announced with the Crystal Springs Beach Hotel in Protaras taking the ...

Facebook Boss Urges Tighter Regulation On Harmful Online Content

Facebook boss Mark Zuckerberg has called for more regulation of harmful online content, saying it was not for companies like his to decide what counts as ...

EIB President Confirms €230m Were Provided For Local Projects Last Year In Cyprus

Werner Hoyer, President of the European Investment Bank, today visited Cyprus to discuss recent and future investment in the country and see how the EIB ...

Birth Rate Of Enterprises In Cyprus Saw An Increase Between 2015-2016

In 2017, according to data released by Eurostat, the number of new enterprise births in the European Union (EU) as a proportion of the total number of active ...