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Thirteen lawyers from law firm Glimstedt to join PwC Legal

Thirteen lawyers from Glimstedt, one of the most renowned law firms in Estonia, join PwC Legal Estonia. Long time Glimstedt partners Indrek Leppik and Priit Lätt become partners at PwC Legal Estonia.

Global businesses moving from shareholder to stakeholder model

PwC’s recent Global CEO Survey drew attention to a fundamental shift in how CEOs are perceiving their metrics of success and the impact of their businesses: 84% of respondents said that their business is expected to address wider stakeholder needs.

PwC: global CEO’s need to accept the uncertainties as new normal

Global CEO Survey, the results of which were published in January at the Davos’ World Economic Forum by the audit and consultancy firm PwC, indicates that today’s CEOs face a business environment that’s becoming increasingly complicated to read and adapt to. Seven years on from the global financial crisis, the business landscape still hasn’t really returned to what it was. In fact, the level of worry is higher today than at any point in the past five years.

Estonia ranks high at the IT readiness but aims higher

World Economic Forum and INSEAD have for more than 10 years included Network Readiness Index in its annual Global Information Technology Report. The index measures the economic and social impacts of Information and Communication Technologies (ICT) to the societies as well as capacity of an economy and society to benefit from the use of ICTs.

OECD tax initiative raises Estonian tax regime into spotlight

The tax environment in Europe is changing. The credit crunch and slowly recovering economy has put pressure on the European regulators and the tax authorities to search for means to increase the tax revenue.

Estonian IT-firms on the course of becoming micro multinationals

Until recent years, the global market was dominated by larger corporations; size mattered and for smaller and mid-size enterprises (SME), local markets were the easier and often the only choice. This has changed dramatically with the dawn of digital economy. Today, almost any company can potentially sell its products and services anywhere in the world, regardless of financial strength, number of employees, or even production facilities for that matter.

The future of work: blue, green or orange?

PwC has commissioned a global survey on how companies and employees might operate and interact in the future. What cuts across the development of the future workplace are the push and pull of individualism versus collectivism and corporate integration versus business fragmentation. The competition and tensions between these are creating three scenarios for the future of work.

More women CEOs, slowly but surely

For 14 years, global management consultancy firm Strategy& (former Booz & Company) has examined CEO turnover at the world’s largest 2,500 public companies. The focus of research has been on incoming and outgoing CEOs – rather than all CEOs – because determining what happens at critical decision points helps understand what companies are looking for in their CEO and how the role is changing.

The glass half-full

For almost 20 years, PwC has been conducting global CEO surveys in order to get their perspective on economic development and business climate. For the latest survey that was unveiled recently in the Davos Economic Forum, more than 1,300 CEOs from 68 countries were interviewed. A similar survey that we carried out at the same time among Estonian CEOs showed that most of them are convinced that despite certain insecurity, the „glass” should still be regarded as half-full rather than half-empty.

Energy markets reaching a tipping point

Currently issued PwC Annual Global Power & Utilities Survey has examined the pressures building up on the traditional power utility business model and the industry’s viewpoint on the transformative changes that lie ahead.

Times they are a-changing: for governments

Many Estonians, who graduated in Soviet time, probably still remember from history classes the Marxist-Leninist definition of revolutionary situation, which is when the ruling classes can’t continue living as they’ve used to and the lower classes don’t want to.

Economic value of gold – more than meets the eye.

PwC has recently completed an analysis on the direct economic and fiscal contribution of gold in the world’s major gold producing and consuming countries. The key measure that was used is gross value added (GVA), which measures the contribution to gross domestic product (GDP), employment and taxes paid.

Estonian managers more optimistic than their European colleagues

The 16th PwC Global CEO Survey was presented at this year's World Economic Forum in Davos. 1,330 top managers from over 60 countries were interviewed for the survey. This was the first time the survey was separately carried out among top managers in Estonia.

Overview of the Estonian economy

The Estonian economy grew by 3.5 per cent in the third quarter of 2012, which was impressive in the European context. The economy of the European Union, on average, contracted in the second as well as the third quarters of last year. This decline was led by euro zone countries - including large nations such as Italy and Spain as well as smaller ones, namely Greece, Portugal and Cyprus.