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Workers facing up to completely retraining or reskilling to tackle technology’s impact on employment

Almost three quarters (74%) of people surveyed by PwC are ready to learn a new skill or completely retrain to keep themselves employable, seeing it as their personal responsibility and not employers, to keep their skills updated.

New partner appointment at PwC Hungary

PwC Hungary is proud to announce the appointment of a new partner in its Advisory practice, Csaba Polacsek (50).

Réti, Antall and Partners Law Firm PwC Legal: new managing partner and new law firm member

Dr. Zoltán Várszegi the former deputy of dr. László Réti is appointed as the new managing partner of the Réti, Antall and Partners Law Firm PwC Legal.

AI to drive GDP gains of $15.7 trillion with productivity, personalisation improvements

Global GDP will be 14% higher in 2030 as a result of AI – the equivalent of an additional $15.7 trillion. This makes it the biggest commercial opportunity in today’s fast changing economy according to new research by PwC. Drawing on a detailed analysis of the business impact of AI, Sizing the prize outlines the economies that are set to gain the most from AI.

Prospective hires look for flexibility, easy-going co-workers, and the ability to take longer breaks from work

Asked to rank job characteristics in order of importance, prospective hires put flexible work options and a good rapport with colleagues at the top of the list. Money is important, but prospective employees’ needs go beyond their salary: they only ranked it third among the top five priorities. In the survey, conducted between November 2016 and March 2017, PwC Hungary asked 13,000 high schoolers, college students and recent graduates about their job preferences.

Majority of global financial services companies plan to increase FinTech partnerships as 88% concerned they will lose revenue to innovators

A large majority of global banks, insurers and investment managers intend to increase their partnerships with FinTech companies over the next 3 - 5 years and expect an average return on investment of 20% on their innovation projects, according to a new PwC report Redrawing the lines: FinTech’s growing influence on Financial Services.

European city hotels set for continued growth in 2017-18, despite security and geopolitical uncertainty

Resilient European economies, the continued popularity of Mediterranean leisure destinations and Europe’s importance for business travellers, should drive hotel occupancy and revenues in 2017, according to the latest PwC European Cities Hotel Forecast.