The following press releases highlight our newsworthy
activities.
| 26 November 2007 |
| Almost half of family businesses do not have a plan of their future ownership
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According to the "2007/2008 Global Family Business Survey" by PricewaterhouseCoopers, almost half of family businesses around the world do not have a plan outlining the future ownership of their business.
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| 20 November 2007 |
| Paying Taxes 2008: Paying Taxes Is Getting Easier but
More Reform Is Needed
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Tax reforms that make it easier for firms to pay taxes can increase government revenues by broadening the tax base, says a new report launched today by the World Bank, IFC, and PricewaterhouseCoopers.
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| 7 November 2007 |
| Czech companies fail to decrease high turnover rate |
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In spite of high investments into improvement of work conditions, employee care and development and motivation programmes made as a result of the current lack of qualified workforce on the labour market, Czech companies are failing to decrease turnover rates.
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| 31 October 2007 |
| Light vehicle assembly in the EU to increase to 20.3 million units in 2014 |
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Global light vehicle assembly will grow by over 19%, from 65.2 million units in 2006 to 77.6 million units by 2014. While the majority of this growth will be likely to come from China, India and other emerging markets, mature markets are still expected to contribute nearly a third of that growth, according to ninth annual Global Automotive Financial Review by PricewaterhouseCoopers.
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| 29 October 2007 |
| Workforce shortage has not yet been reflected in average market growth of salaries |
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Although companies in the Czech Republic are starting to feel the lack of workers, this fact is not being reflected in the average market growth of salaries. As in previous years, average salaries in 2007 increased on average by 4.5%-5.5%. On the other hand, the differences in the increase levels between individual firms have been more significant than in previous periods. These are some of the findings of PricewaterhouseCoopers’ annual survey, PayWell 2007: Effective Management, Effective Reward.
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| 22 October 2007 |
| Nick Allen: new partner to lead PricewaterhouseCoopers’ Transactions business |
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Nick Allen (45) was appointed to lead PricewaterhouseCoopers’ Transactions business in Prague. He will be responsible for further expanding our successful transactions practice and assisting both Czech and international clients with their investments in the Czech Republic and the CEE region.
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| 16 October 2007 |
Over the past two years, Czech companies suffered an average loss of CZK 34,000,000 per company
as a direct result of economic crime |
61% of companies in the Czech Republic reported they were victims of some form of economic crime in the past two years, according to PricewaterhouseCoopers' Global Economic Crime Survey 2007. The average direct financial loss to companies reached striking USD 1.7 million (approximately CZK 34 million) during the period.
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| 1 October 2007 |
| PricewaterhouseCoopers 2007 revenues rise 10.5% to USD 25.2 billion |
PricewaterhouseCoopers today reports that worldwide gross revenues of its network of firms increased 10.5% at constant exchange rates to a record USD 25.2 billion for the fiscal year ended 30 June 2007. At variable rates of exchange, growth was even higher at 14.4%.
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| 25 September 2007 |
| Fifth of shared service centres employees leave in trial period |
Expensive recruitment, high fluctuation. These words summarise the personnel problems of so-called shared service centres (SSCs) in the Czech Republic. According to a new study from the Human Resource Management department of PricewaterhouseCoopers, SSCs spend on average almost CZK 40 000 per employee on recruitment, while the market average is CZK 17 000.
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| 22 August 2007 |
| Katarína Smrèeková to lead PricewaterhouseCoopers’ Human Resource Services team |
On 1 August 2007, Katarína Smrèeková (33) joined PricewaterhouseCoopers as a Manager in the Human Resource Services department. Under her leadership, the team will continue to provide services in the area of strategic human resource management, focusing mainly on employee motivation and remuneration and analysis of development needs.
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| 9 August 2007 |
| Automotive companies must start at the end when moving east |
The start point for an automotive company planning a successful exit from the west is the end point according to the latest part of Eastern Influx, a series of reports by PricewaterhouseCoopers.
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| 30 July 2007 |
| PricewaterhouseCoopers Nominates Five New Directors in Assurance Department |
Vìra Výtvarová, Jiøí Posker, Jiøí Zouhar, Václav Prýmek and Milan Zelený have been nominated as Directors in the Assurance department of PricewaterhouseCoopers.
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| 30 July 2007 |
| Lenka Mrázová and Marek Romancov Appointed Directors in Tax and legal services of pricewaterhousecoopers |
As of July 2007, Lenka Mrázová and Marek Romancov were appointed directors in PricewaterhouseCoopers’ Tax and Legal Services.
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| 3 July 2007 |
| Viera Kuèerová, New PwC Partner, to Lead Tax Advice for Private Equity in Central and Eastern Europe |
On 1 July, 2007, Viera Kuèerová was appointed a partner in the Tax and Legal Services department of the Prague office of PricewaterhouseCoopers. Apart from working for Czech clients, she will be responsible for coordinating Private Equity Mergers & Acquisitions (M&A) tax transactions within Central & Eastern Europe (CEE).
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| 3 July 2007 |
| Sirshar Qureshi: New PwC Partner to Help Companies Deal with Disputes and Frauds |
On 1 July 2007, Sirshar Qureshi (36) was appointed a Partner in PricewaterhouseCoopers´ Forensic Services department in Prague. He will be responsible for further expanding the business and assisting clients in the Czech Republic and other locations in Central Europe.
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| 2 July 2007 |
| After 10 Years, PricewaterhouseCoopers Czech Republic to Change its Managing Partner |
On 1 July 2007, Stephen B. Booth, 54, took over from Mike Hackworth as Territory Senior Partner (TSP) for PricewaterhouseCoopers Czech Republic
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| 26 June 2007 |
| E7 banking markets to overtake G7 by 2050 |
The banking sector will grow significantly faster than GDP in the ‘E7’ emerging economies of China, India, Brazil, Russia, Indonesia, Mexico and Turkey, according to new projections by PricewaterhouseCoopers
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| 19 June 2007 |
| Intellectual Property - the currency of tomorrow |
PricewaterhouseCoopers’ “Technology Executive Connections: Exploiting intellectual property in a complex world” looks at the challenges that technology companies are facing at a time when innovation and discovery is moving at breakneck speed and the identification and exploitation of their IP assets will determine their future success.
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| 13 June 2007 |
| Value added tax is one of the fastest growing taxes as governments tend to focus on certainty of revenues |
A highly visible shift – from direct to indirect taxation – is currently under way in the new EU accession countries, says a new PricewaterhouseCoopers report Shifting the balance – the evolution of indirect taxes
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| 29 May 2007 |
| ‘Too much regulation’ tops insurance risks |
Regulatory overkill is identified as the greatest risk facing the insurance industry by the CSFI’s latest Banana Skins survey, in association with PricewaterhouseCoopers LLP
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| 24 April 2007 |
| Domestic transactions and banking sector drive significant M&A growth in european financial services |
European deal values in the financial services sector increased by 77% over the previous year to reach €137 billion, reports PricewaterhouseCoopers ‘Financial Services M&A: Going for growth in Europe’, the annual analysis of financial services M&A activity in Europe. Domestic transactions in 2006 also moved firmly back into the spotlight, tripling in value over 2005 levels to reach approximately €76 billion
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| 17 April 2007 |
| Automotive companies must think local when moving east |
It is not just a case of selecting the right country but of selecting the right place within that country, according to the second of a series of reports by PricewaterhouseCoopers “Eastern Influx: Automotive Manufacturing in Central and Eastern Europe”
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| 12 April 2007 |
| Peter Skelhorn, a new partner in the PwC tax practice, wants to help businesses reduce VAT compliance costs |
On 1 April 2007, Peter Skelhorn (49) joined the Tax and Legal Department of PricewaterhouseCoopers Czech Republic as a partner responsible for leading the continuously growing PwC VAT and customs practice in the country
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| 28 March 2007 |
| Mergers & Acquisitions market value tripled since 2004 in CEE |
The number of Czech outward transactions grew by 77% in 2006
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| 19 February 2007 |
| PricewaterhouseCoopers entrusted with entertainment industry’s best kept secret for 73 years running |
Brad Oltmanns and Rick Rosas Lead Academy Awards® Balloting Process for 2nd Consecutive Year
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| 15 February 2007 |
| USD 6 billion Worth of automotive production will be transferred to Central and Eastern Europe over the next five years |
US$6 billion worth of automotive production will be transferred to Central and Eastern Europe over the next five years, but relocating to another region is neither easy, nor is it always the right option
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| 8 February 2007 |
| Paris revealed as top investment prospect |
Survey respondents see less risk, higher returns for european cities in year ahead
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| 24 January 2007 |
| Global CEOs’ business confidence reaches record levels |
Over 90% of the 1,100 CEOs surveyed across 50 countries are upbeat about revenue growth in the next 12 months.
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| 17 January 2007 |
| Partner appointment |
Michael W. Hackworth appointed Managing Partner for Operations and Markets for the CEE/CIS region.
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