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Top trends for 2006 in the technology, media and telecom sectors 01 February 2006 February 1, 2006 - Deloitte's Technology, Media & Telecommunications (TMT) industry group predicts that, in 2006, search will displace email as the most used digital application, girls will hit the video games, and subscription radio will soar. At the same time, mobile television will disappoint, 3G adoption will be slower than expected, and the digital divide will grow.

“While the technology, telecom and media/entertainment industries are certainly converging,” said Phil Asmundson, national managing partner, U.S. TMT group, “we have identified the key trends in each sector that we expect for 2006....

Retail banking 2010: 700 banks to be acquired over next 4 years 23 January 2006 Budapest, January 23, 2006 - Deloitte research, announced recently, predicts 700 banks will be acquired over the next four years in Europe, leading to the creation of a handful of Pan-European global champions by 2010.

András Fülöp, Financial Advisory Partner at Deloitte Hungary, commented: “Our research shows that current European retail bank consolidation is mimicking US consolidation activity from five years ago. Based on this data and the European Commission's intention to remove barriers, we can predict that around 700 banks will be acquired over the next fours years. We will, by 2010, for the...

Full potential of markets in China and India is decades away, says new Deloitte report 18 January 2006 January, 2005 - It may be many decades before China or India delivers the full potential that many technology companies are impatient to realize, according to a new report from Deloitte's Technology, Media and Telecommunications (TMT) practice.

“Market opportunities in China and India have long excited Western technology companies, with the expectation that in coming years they will dwarf all other markets,” comments Phil Asmundson, national industry leader of the TMT practice. “TMT CEOs are under tremendous pressure to capitalize on these two emerging giants. However, this potential is matched by significant...

New Partner in Charge at Deloitte’s Tax Department 06 January 2006 Budapest, January 6, 2006 - As of 1 January, 2006, Dr. Péter Oszkó is the new head of Deloitte's Tax Department. The 32 year-old expert replaces Gerald Lambert who will be the leader of Deloitte Adriatics` (Croatia, Slovenia, Bosnia) tax division from January. Oszkó joined Deloitte's Tax Department 2 years ago. In addition to indirect taxes and international taxation, he is also an expert in the tax planning of mergers and acquisitions, financial and lease transactions as well as real estate investments. Peter Oszkó started his carrier at KPMG's Budapest office. He gained international work experience in London...
Deloitte Reports 12th Consecutive Year of Revenue Growth for Member Firms and Announces New Vision and Strategic Focus 02 January 2006 Budapest, January 2 - Deloitte Touche Tohmatsu (DTT) recently released its annual review, "Sustaining Growth: Deloitte Touche Tohmatsu Worldwide Member Firms 2005 Review " which reports aggregate member firm financial results for fiscal 2005 and also articulates a new strategic direction for DTT member firms. The new strategic direction is intended to elevate all of its member firms' businesses to be the standard of excellence, thus strengthening their market differentiation.

For fiscal 2005, Deloitte Touche Tohmatsu member firms had aggregate revenues of US$18.2 billion - a 10.9 percent increase over the US$16.4...

Deloitte hands out the "Green Frog Award" in 2005 16 December 2005 Budapest, December 16, 2005 - in 2005 Deloitte's "Green Frog Award" goes to the Hungarian Power Companies Ltd. Deloitte founded the so-called "Green Frog Award" in 2001 for Central and Eastern European companies that prepare the best annual environmental or sustainability reports. The award is handed out by Dr. Miklós Persányi, Minister for the Environment and Water and Róbert Reiniger, Deloitte's director in charge of Environmental Services.

By founding this award Deloitte aimed to prepare the companies of the region for participating in similar competitions in the EU regarding environmental issues or...

Outsourcing falling from favour with world`s largest organisations, Deloitte consulting study reveals 17 November 2005 Study Shows Hidden Costs, Added Complexity Have Prompted 25 Percent of Participants to Reduce Outsourcing Activities

Budapest, November 17, 2005 - Many of the world's largest organizations that were quick to participate in information technology and business process outsourcing are bringing operations back in-house and exploring alternatives, according to a new Study released by Deloitte Consulting LLP. Ironically, dissatisfaction in areas that traditional outsourcing was expected to improve, such as costs and complexity, was found to be the primary reason behind participants' negative responses.

The study,...

New Corporate Tax Manager at Deloitte's Tax Department 15 November 2005 New Corporate Tax Manager at Deloitte's Tax Department

Budapest, 15 November 2005 - Dr. Erika Juhász joined Deloitte's Tax department in the beginning of November 2005. Juhász, who mainly specializes in corporate tax and VAT, begun her carrier at APEH, then moved on to KPMG`s Tax department. From 2002 she worked at PKF Worldwide, where she was responsible for establishing, developing and marketing the tax practice of the firm.

The certified tax adviser has two degrees, one in law and one in public administration. She has not only been successful during the past 9 years in her...

Technology Fast 50 02 November 2005 Budapest, November 2, 2005 - Deloitte announced the results of its annual Technology Fast 50 survey, the goal of which is to recognize and draw attention to the fastest-growing technology companies in Central Europe. First place was awarded to Polish Pro Futuro SA, an alternative telecommunications operator and a newcomer to the competition. Pro Futuro's revenues have increased by a factor of more than 220 over the last five years. Its management regards the timing of its business activities as a key factor in its development.

For further information please see the attached press release.

Opportunities and challenges in the market of renewable energy sources 26 October 2005 Budapest, October 26, 2005 - It is a pre-condition for the long-term expansion of renewable energy sources that they become an attractive investment for private equity, as it is not possible to mainly rely on direct state funding in the development of new capacities. Moreover, if the establishment of new energy generators is mainly financed by private equity (strategic investors, financial investors, banks) and the state only focuses on the creation of an environment that guarantees reliable returns, then it can also be ensured that new developments are channelled in the direction of more efficient technologies.
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