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Balázs Békés changes workplace 08 February 2005 Budapest, February 8, 2005 - Balázs Békés, former partner of Deloitte Advisory and Management Consulting Ltd., will pursue his career in Brussels, Belgium from February 2005.

Mr Békés - an expert in corporate and international taxation, and acknowledged university lecturer- joined Deloitte's Tax Department in 1993, and has contributed significantly to its success and expansion over the past 11 years. In 1999 he made partner in Deloitte, and during the years he has earned himself a good reputation in the Hungarian tax advisory sector.

In his new role in Brussels, he will assist the work of...

Deloitte releases 2005 Global Powers of Retailing study 31 January 2005 Budapest- January 31, 2005 - An upbeat global economy, technology investments that are beginning to yield returns and improved stock performance bear good news for retailers, according to Deloitte's expanded “2005 Global Powers of Retailing” study. However, competitive pressures and other challenges will ensure that retail executives do not sit back and enjoy the good news. The study, which covers the largest 250 global retailers - expanded from 200 in previous years - suggests that exciting times lie ahead for the industry.

“We expanded the study to include the 250 largest retailers this year,”...

Failure to meet documentation obligations may result in a fine amounting to as much as HUF 2 million - warns Deloitte 27 January 2005 January 27, 2005 Budapest -The preparation of transfer pricing documentation is only not a possibility in order to minimise risks but rather a mandatory requirement in many countries the world over. Hungary joined the group of countries prescribing such documentation requirements in 2003. After the deadline for the preparation of the documentation the tax authority may request the taxpayer to submit its transfer pricing documentation for review. In such cases the taxpayer is required to submit such documentation within 3 work days. Should the taxpayer be unable to meet this requirement, APEH may impose a fine of up to HUF 2 million...
Pénzely Márta joins Deloitte 26 January 2005 Budapest, 26 January, 2005 - Márta Pénzely (42) joins the tax department of Deloitte Advisory and Management Consulting Ltd. as Senior Manager as of March 1, 2005.

Having graduated at Karl Marx University Budapest, the acknowledged tax expert worked for the Ministry of Finance for 18 years; prior to her departure she was the leader of the VAT Department. Ms. Pénzely has unique experience in the field of value added tax. She is a qualified auditor and tax advisor and speaks Russian (high level) and English (medium level).
She likes reading in her free time. Ms. Pénzely is a mother of three; his sons...

Deloitte identifies Top Trends in The Media Industry for 2005 18 January 2005

PRAGUE– January 18, 2005 – The Technology, Media and Telecommunications at Deloitte Central Europe today announced its predictions for the media industry in 2005, forecasting that the year ahead will be driven by the public’s desire for more content, more media and more choices – leading to a market that is both larger and more diverse.

Deloitte identifies Top Trends in Technology for 2005 18 January 2005

PRAGUE– January 18, 2005 – The Technology, Media and Telecommunications at Deloitte Central Europe today announced its predictions for the global technology industry in 2005, forecasting a number of advances in technology, along with some serious challenges.

Deloitte identifies Top Trends in Telecom for 2005 18 January 2005

PRAGUE– January 18, 2005 – The Technology, Media and Telecommunications at Deloitte Central Europe today announced its predictions for the global telecommunications industry in 2005, forecasting a year of significant milestones, as well as difficult questions.

Smart shopping for Christmas to beat the economic blues 09 December 2004 Annual Deloitte Christmas survey reveals consumers tactics to overcome continuing pessimism about the economic outlook. Generation X identified as the likely bighigh spenders this Christmas. as smart shoppers seek out the best dealsh to overcome continuing pessimism about the economic outlook.

Budapest, December 9th, 2004 - With a negative economic outlook prevailing across Europe, consumers in key European markets will employ smart tactics to ensure that they get the best deals for their Christmas gift shopping, according to Deloitte's Is it the 6 th ? I thought it was the 7thsixth h annual consumer...

Fastest Growing High-Tech Firms Identified by 2004 Deloitte 04 December 2004
  • Number one ranked lastminute.com achieves record average five-year revenue growth of 96,512 percent
  • Average five-year revenue growth for all companies increased to 1,243%
  • 68 percent of CEOs either very confident or extremely confident that they will sustain their growth rates over the next year; highest figure yet

Budapest, 2 December 2004 - The full list of EMEA's 500 fastest-growing technology companies was announced today during the 2004 Deloitte Technology Fast 500 EMEA awards luncheon for chief executives at the Royal Academy of Arts, London. Deloitte also released the...

11th CONSECUTIVE YEAR OF REVENUE GROWTH FOR DELOITTE 30 November 2004 Budapest, November 30, 2004 -Deloitte Touche Tohmatsu today released its 2004 annual composite revenue results of its member firms, which show an 8.6 percent increase. After excluding divested practices, revenue growth for the continuing businesses was 11.1 percent.

Composite revenue reported was US$16.4 billion compared with US$15.1 billion in FY03. For the first time ever, member firms from Europe/Middle East/Africa and Asia-Pacific/Japan contributed half of this, and member firm tax practices led the way with 60 percent growth in the last two years.

“2004 was the 11th consecutive year of...

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