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In our daily work we often deal with problems which require professional analysis and complex studies containing valuable information about market trends. We also conduct global and domestic surveys in a wide range of economic topics which generate public interest.
Our press releases provide not only business journalists and professionals but also college or university students with a clear basis to start analyzing different topics. Should you need further information concerning the above, please feel free to contact us.
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.
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.
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.
Hungarian CEOs are confident about their company’s growth prospects over the next 12 months, but are less optimistic about Hungarian and global economic growth. Looking at target markets, the US and China have grown in importance, while Germany remains the country CEOs view as the most important. CEOs identified innovation and human capital as the two areas they most want to strengthen in order to capitalise on new opportunities. They are concerned that key skills shortages, which have become more acute in recent years, could impair their outlook. In fact, 92% of CEOs say this is the single biggest obstacle to their company’s growth.
Despite 10 years of continued investment and commitment from top executives, PwC’s 2017 Digital IQ results show enterprises struggling to return value, overlooking fundamental integration of technology with the human experience.
The long-term global economic power shift away from the established advanced economies is set to continue over the period to 2050, as emerging market countries continue to boost their share of world GDP in the long run despite recent mixed performance in some of these economies.
While CEOs around the world feel they have plenty to worry about in the year ahead, their confidence in their own growth prospects and their outlook for the global economy are back on the rise.
By 2020, companies will have shifted the majority of their R&D spending away from product-based offerings to software and service offerings, according to the 2016 Global Innovation 1000 Study from Strategy&, PwC’s strategy consulting business. The need to stay competitive is the top reason why companies cited a shift in their R&D budgets towards software and services, and for good reason – according to the study, companies who reported faster revenue growth relative to key competitors allocated 25 percent more of their R&D budgets to software offerings than companies who reported slower revenue growth.
Despite year on year progress in simplifying and reducing the burden of tax compliance on business, the latest report by The World Bank Group and PwC finds that post-filing processes for Value Added Tax and Corporate Income Tax returns are amongst the most challenging and lengthy to comply with. In some cases, the length of the processes can create cash flow and administrative delays of up to two years for companies.
PwC Hungary is proud to announce the appointment of four new directors. Anikó Réfi, Gergely Juhász, Anita Sávoly-Hatta and Miklós Novák began to serve in their new roles in the Tax Advisory and Assurance service lines from 1 October 2016.
London claims pole position for the second time in a row a comprehensive benchmarking study of 30 leading business centres globally, boding well for its ability to withstand post–Brexit competition on a number of fronts. Singapore comes second in PwC’s Cities of Opportunity Index; Toronto third, with Paris and Amsterdam completing the top five. Overall, European cities take four of the top ten places.
The market capitalisation of the 100 largest companies globally decreased significantly for the first time since post-crisis levels, down 4% compared to 31 March 2015 according to PwC’s Global Top 100 ranking. The main drivers of the decrease were Chinese companies, which were heavily affected by market conditions in China over the year, and Europe, which struggled with economic growth this year.
PwC expects accelerated growth in Exchange Traded Funds (ETFs) over the next five years, with global assets under management (AUM), expected to exceed $7 trillion by 2021. A new report, ‘ETFs: A roadmap to growth’ predicts the market will achieve further significant growth through entering new markets, expanding distribution channels and asset classes.
PwC’s latest IPO Watch predicts European IPO proceeds are unlikely to exceed €25bn by the end of 2016 (less than half of 2015when €57.4bn was raised) following the UK’s vote to leave the EU, however, an uptick in activity towards the end of the year is expected if conditions improve.
Total transactions for Europe’s five most prominent sharing economy sectors – collaborative finance, peer-to-peer accommodation, peer-to-peer transportation, on-demand household services and on-demand professional services – could see a 20-fold increase to €570 billion by 2025, up from just €28 billion today, according to new analysis by PwC.
Yesterday a referendum was held in the United Kingdom to decide whether the UK should remain in the EU, based on the final result of which the supporters of BREXIT won by 52 % to 48 %, therefore the UK is supposed to leave the EU.
With the 2016 Olympic Games in Rio de Janeiro fast approaching, speculation turns once again to how many medals each country will win. So PwC economists have stepped up to the starting blocks to produce some benchmarks against which performance at the 2016 Olympics can be measured.
Global inclusion in the Internet could bring seven percent of the world’s population – 500 million people - above absolute poverty levels, and add US$6.7 trillion to global economic output, according to a new study by Strategy&, PwC’s strategy consulting business.
Global study by PwC: companies expect Industry 4.0 to generate over $US 900 billion to benefit costs, efficiency and profits. More than half of them estimate ROI within two years. Demand for IT specialists and data security are the biggest challenges.
Oil and gas firms need to expand their focus beyond short-term issues such as tumbling oil prices and over supply if they are to successfully navigate the growing range of disruptive forces that will shape the industry, according to PwC’s New Energy Futures report.
To mark International Women’s Day (IWD) on Tuesday 8th March 2016, PwC surveyed 3,937 professionals from 40 countries to find out about their international mobility experiences and aspirations. Of these 3,937 respondents, 2,285 were women and 1,652 men. In parallel, PwC surveyed 134 executives with responsibility for global mobility to explore current mobility, talent management and diversity trends.
CEOs in Hungary are more optimistic than their counterparts in other countries about the future, according to PwC’s latest Hungarian CEO Survey. Globally, 82% of CEOs are confident about their own prospects for revenue growth, while in Hungary 84% of CEOs reported the same.
Economic crime continues to be a serious issue affecting organisations worldwide. PwC's new Global and Hungarian Economic Crime Survey show that the incidence of economic crime has declined by 5% compared to seven years ago. Economic crime has decreased not only in Hungary, but also in the CEE region and globally. But this decrease is actually masking a worrying trend: that economic crime is changing significantly, but that detection and controls programmes are not keeping up with the pace of change.
It’s been a landmark year for mergers & acquisitions (M&A) across the power and renewables sector, according to PwC’s latest annual Power and Renewables Deals report.
Geopolitical threats rise as CEO’s global growth confidence falls
PwC Hungary has brought Dr Csaba Polacsek aboard as an executive director in its advisory group. He joined the firm in January 2016.
UBS/PwC Billionaire report reveals female billionaires outpace males
Electronic tax filing and payments were the most common tax reforms undertaken by countries worldwide during the past year, according to the latest edition of the Paying Taxes report from the World Bank Group and PwC. As a result, paying taxes became easier for medium sized companies globally, but the focus has moved from reducing tax rates for companies to embracing technology and relieving their compliance burden. The report also shows that low-income economies continue to face the biggest reform challenges.
Officials from the ministries of finance and economy of five CEE countries (Czech Republic, Hungary, Poland, Romania and Slovakia) have called for a joint approch to combat VAT fraud and increase VAT collection in a conference hosted today by PwC in Budapest.
PwC Young Workers Index rates success of countries in developing younger people
Annual PwC analysis finds the steepest decline in carbon intensity since 2000. Global decarbonisation rate doubles in 2014 but threat of regulation looms large for business in climate deal.
PwC analysis finds global decarbonisation rate doubles in 2014
PwC Hungary is proud to announce the appointment of three new directors: Dóra Erőss, Enikő Könczöl and Kornélia Lett will serve in their new roles in the Assurance service line from 1 October 2015.
European banks dispose of unwanted loan portfolios at record rate
‘Banana Skins’ poll reflects industry risk perception
Tapping the potential of older workers
New partner appointments at PwC Hungary
Family businesses at crossroads
Chinese Companies Take Innovation Path in Efforts to Globalize
Sporting Leaders Study on Legacy
Troubled waters: water presents high risk to business in the future
Significant changes afoot for Global Capital Markets
Building trust in food this World Health DayBuilding trust in food this World Health Day
2015 transactions of unloved European loans
Female Millenials: A New Era of Talent
Shift of global economic power to emerging economies set to continue, despite marked slowdown in China after 2020
European loan portfolios with a face value of €91bn were sold in 2014, up from €64bn the previous year, says PwC in a Q4 update from its Portfolio Advisory Group.
Culture is a crucial source of competitive advantage and differentiation in the financial services sector, which is facing major transformation.
CEOs Less Optimistic about Global Economy for 2015 But Confidence in Growth of Their Own Companies Remains Steady
The Road Ahead
Economic crime against businesses continues to rise around the world. One out of four Hungarian companies and 37% of respondents globally reported having been the victim of economic crime in the last two years, but the actual numbers are probably even higher.
Paying taxes has become easier over the past year for medium-sized companies around the world, the latest report from the World Bank Group and PwC finds.
PwC’s Key Trends in Human Capital 2014 reveals that many organisations are following an habitual pattern as economic conditions improve – they rush to recruit as soon as growth returns.
Analysis by PwC and natural resource tracking company GeoTraceability indicates that ‘boom-bust’ cycles of cocoa prices remain a major threat to small farmers in West Africa in particular. But the confectionery industry is responding with new investment to make cocoa production more efficient and sustainable in the long run.
Family businesses must adapt faster, innovate sooner and become more professional in the way they run their operations if they are to remain successful
Executives rely more on experience and advice than data to make business-defining choices, but data-driven organisations report improved decision making - new Economist Intelligence Unit report sponsored by PwC.
Annamaria Nagy (38) has recently joined PwC Hungary as the new Human Capital Leader, replacing Meyrick Stevens, who is continuing his career abroad within the PwC network.
As of July 2014 two new partners have been appointed to join PwC Hungary’s leaders. Ákos Burján (36) and László Deák (48) are both from of the Tax and Legal Department of PwC Hungary. Ákos Burján is a member of the Corporate Tax Group, while László Deák is the leader of the Indirect Tax Group.
PwC was named a leader in the IDC MarketScape: Worldwide Strategy Consulting Services 2014 Vendor Assessment report. According to the report, “clients indicate they consider PwC to be better than many of its peers at maximising the value of a project and integrating its project team with the client’s.”
A new report from PwC suggests that, by as soon as 2025 – 2030, a market economy could readily exist without banks of the traditional kind. The report, The Future Shape of Banking, says that as barriers to entry for non-banks to provide formerly ‘core’ banking services continues to decline, the business models of today’s banks will be challenged.
Dr. Gábor Laki (35) joined PwC Hungary’s tax consulting team on 1 July. Dr. Laki, who holds degrees in tax consultancy, law and economics, has been appointed as a Director of the corporate income tax team.
PwC Hungary has appointed Dr. Péter Honyek (37) as a senior manager in the personal income tax and social security consulting group. An experienced lawyer, Dr. Honyek joined the firm on 14 April 2014.
PwC is pleased to announce today the successful completion of its combination with Booz & Company. With the granting of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network.
New research by professional services network PwC, commissioned by LinkedIn, the world’s largest online professional network, today reveals that poor talent adaptability – the inability for people to retrain for new skills or switch industries – is costing the global economy billions of dollars in lost productivity and leads to businesses wasting huge sums on avoidable recruitment costs.
Zsolt Szelecki (48), Partner at PwC, leader of the firm’s HR consulting business in Central Eastern Europe (CEE) will be pursuing his further career with PwC London.
Almost exactly a year after the laying of the foundation stone, PwC Hungary has moved into its new office located in Budapest’s impressive Eiffel Palace. As a result of the 2013 renovation, the facade has been restored according to the original plans from 1893.
After a long wait, we are finally seeing a substantial change in business leaders’ economic outlook. Both Hungarian and global CEOs are optimistic about their company’s prospects for growth and the recovery of the global economy.
The global impact of shale oil could revolutionise the world’s energy markets over the next couple of decades, resulting in significantly lower oil prices, higher global GDP, changing geopolitics and shifting business models for oil and gas companies, according to new analysis from PwC.
Nowadays there are around 80 Shared Service Centres (SSC) in Hungary, employing more than 30,000 workers. SSCs would deserve more recognition, as they have created thousands of new jobs and attracted high-value added projects to Hungary.
Economies around the world are adopting a range of policies as they strive to strike a balance between raising tax revenues and encouraging growth, according to a new report from the World Bank Group and PwC. This year, 14 economies significantly increased their total tax obligations or the amount of tax a case study company has to pay, while 14 others lowered theirs.
PwC will invest $60 million in Central and Eastern Europe (CEE) over the next three years, to enhance industry and specialist expertise and strengthen its lead in the market. The investment will be funded by PwC UK and will focus mainly on bringing in leading talent from the market as well as seconding specialist partners and directors from PwC’s global network.
PwC Hungary is proud to announce the emergence of two new leaders among its ranks. Péter Sere (37) has been appointed director of the advisory group for businesses in the technology, information, communications and entertainment sectors, and László Radványi (34) will contribute his expertise to PwC’s assurance group as a director, both of them starting from October 31, 2013.
PwC study finds innovation moving from fringe activity to mainstream
Győr, 11 April 2013 – The European automotive industry is undergoing a period of transformation, which will result in a bigger market share for East-Central Europe – according to a study by PwC, the world’s largest professional services network, presented today.
PwC Hungary has appointed János Kókai (36) as a director in its advisory group specializing in providing services for the financial sector. He joined the firm on 1 March 2013. Drawing on his experience in the information technology and financial services industries, Mr. Kókai will focus on expanding PwC Hungary’s consulting services for financial institutions.
What do CEOs think about their growth prospects in Hungary and globally? What has the biggest impact on their operations, and how are they adapting their companies to a rapidly changing market environment?
According to the tax specialists at PwC Hungary, the extent to which the Hungarian government can make the conditions for taking up Hungarian residence attractive is still uncertain. The legislation currently in force and cumbersome procedures do not necessarily make it a tempting option.
Family businesses are ‘unsung heroes’ of the global economy, with increased sales and aggressive five-year growth plans, says PwC
Global economic centre of gravity shifts, but even emerging economies face growth challenges, says PwC report
A new report from the World Bank, IFC, and PwC finds that governments continue to reform their tax systems despite global economic uncertainty, with 31 economies having taken steps from June last year through May 2012 to make it easier and cost less for small and medium businesses to pay taxes.