View the collection of Deloitte in Hungary press releases.
| One year into the EU, Deloitte finds Accession spirit is still strong |
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03 May 2005 |
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Budapest, May 2, 2005 - Last year, at the European Economic Summit in Warsaw, Otto Jelinek, Chairman of Deloitte Central Europe, announced the results of a survey commissioned by Deloitte which showed that 81% of Western European companies believed that Accession to the European Union would make the new member states more attractive for foreign investment. Now, one year after Accession to the European Union, a follow-up survey by Deloitte has confirmed that this positive spirit has actually increased. The survey, commissioned by Deloitte, asked 4 simple questions to key decision-makers at top Western European... |
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| Disarming the Value Killers |
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26 April 2005 |
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Budapest, April 26, 2005 Risk management has become an area of significant concern for numerous companies in today's volatile marketplace. However, a number of executives are still grappling with what needs to be done to protect their organizations. A logical starting point is to gain a better understanding of the true risks facing companies. To accomplish this, Deloitte & Touche LLP and Deloitte Research analyzed the possible causes of major loss of share value experienced by hundreds of the largest international companies over the last ten years. Some of the results were expected, such as the major negative impact of... |
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| Economic Security Moves from War Room to Boardroom As Business Vulnerability Grows, Deloitte Study Shows |
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14 April 2005 |
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Budapest, April 14, 2005 - A single breach of security anywhere in a company's supply chain can result in staggering losses around the world, one of the key findings in a study by Deloitte Touche Tohmatsu. The study also shows that security is increasingly becoming a focus for directors of corporate boards who view it as a strategic investment that can reap measurable benefits. Estimates for the loss from a security breach of one shipping container alone can amount to US$1 trillion, the study points out. The cost of cyber attacks against companies worldwide reached US$12.5 billion in 2003, and a case of mad cow disease in... |
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| Deloitte Global Telco Index Reveals a Significant Increase in the Combined Market Value of Global Telecommunications Companies |
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29 March 2005 |
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Budapest, March 29, 2005 - The Technology, Media and Telecommunications (TMT) Industry Group at Deloitte recently released its Deloitte Touche Tohmatsu (DTT) Global Telco Index, revealing that the combined market value of the Index companies increased 28 percent from 1 January 2003 to 31 December 2004, a far cry from the previous publication, which outlined a 69 percent decrease from 1 January 2000 to 31 July 2003. The report does not point to any single global phenomenon associated with the increase in combined market value of the DTT Global Telco Index, but says that each region is facing specific structural and... |
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| European Court of Justice opinion rules out Italian tax |
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17 March 2005 |
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Budapest, March 17, 2005 - The Advocate General (AG) has issued his opinion in favour of the taxpayer in the Banca Popolare di Cremona case. The taxpayer had argued that the Italian regional tax (IRAP) is illegal as it is similar to VAT and the EU treaties prohibit national taxes charged on turnover. If the opinion is upheld by the European Court of Justice (ECJ) this could cost the Italian Government €120 billion, according to the AG. The Italian tax IRAP is levied on companies, partnerships and individuals, in a similar way to VAT. The taxpayer argued that the application of IRAP is contrary to European law as Italy has... |
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| Corporate Boards and Senior Executives See Shortcomings in Monitoring & Reporting |
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09 March 2005 |
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A Deloitte survey, conducted by the Economist Intelligence Unit, of 249 firms worldwide indicates that current measurements do not adequately depict non-financial aspects of corporate performance. Budapest, March 9, 2005 - According to a survey conducted on behalf of Deloitte Touche Tohmatsu by the Economist Intelligence Unit (EIU), only about one third (34 percent) of board members and top executives polled say their companies are proficient at monitoring critical non-financial indicators of corporate performance. The cross-industry survey of 249 executives worldwide was conducted among large firms, with 71... |
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| András Juhász joins Deloitte |
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02 March 2005 |
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Budapest, 2 March 2005 - András Juhász (31) has been supporting Deloitte's environmental department in consulting on climate changing since January, 2005. Mr. Juhász - an acknowledged professional - has outstanding expertise in the development, sales and implementation of financial and strategical consultancy products related to the financial mechanisms aimed at decreasing carbon-dioxide emissions.
Mr. Juhász has been working in this field since 2001. During this period he has been the leader of several Joint Implementation projects and gave expert support to several companies' preparations to... |
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| There are still several contradictions between EU and Hungarian tax laws, warns Deloitte |
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01 March 2005 |
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Budapest, March 1, 2005 - It is a natural phenomenon in the life of the European Union that the laws of certain member states sometimes contradict EU rules. The EU has a procedure in place to reconcile such contradictions. "The claim that some Hungarian tax laws do not fully comply with EU requirements is not an indication of a special problem, but rather a phenomenon that often occurs in other member states, too. This may be explained by the complexity of the EU's tax regime or even by the continuous changes and developments in the interpretation of individual rules" - says Márta Pénzely, a senior manager at... |
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| More than 80 percent of world's most global companies are not capturing full value of global investments |
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22 February 2005 |
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Deloitte's new global research reveals 50 percent profit loss from suboptimization Budapest, 22 February 2005 - A new Global Benchmark Study released today by Deloitte shows that most companies are struggling to get full value out of their global investments. The study developed by Deloitte Research-“Unlocking the Value of Globalisation: Profiting from Continuous Optimisation”-is based on in-depth analysis of nearly 800 companies worldwide across multiple industries, including aerospace and defense, automotive, industrial and consumer products, life sciences, process, paper, chemicals, high... |
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| Fire at Deloitte Office Tower in Madrid |
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14 February 2005 |
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Madrid, February 14, 2005 — The recent building fire in Madrid has destroyed the local Deloitte office. In response, Deloitte Spain would like to communicate the following (For information in Spanish, please visit the Deloitte Spain Web site): |
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