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Positive discrimination in international transactions 05 September 2007 Budapest, 5 September 2007 - As part of a coordinated approach to secure international trade the European Union (EU) is introducing rigorous new procedures aimed at improving supply chain security. The changes will affect almost every aspect of any business that buys, sells or moves goods into or out of the EU. The Authorised Economic Operator (AEO) regime will introduce an EU-wide accreditation scheme. Businesses that want to meet the AEO requirements need to start preparing now for the necessary changes to systems, supply chains, buyer and seller relationships and customs procedures.

By becoming more and...

Avarage monthly wage of the Visegrad countries 30 August 2007

Deloitte’s table contains the comparison of net incomes broken down to one earner of a family with two children for EUR 500 and EUR 1,000, i.e. the avarage monthly wage of the Visegrad countries and its double, according to calculations based on the tax laws effective in 2007.

„As it is apparent from the table, despite the percentagewise similar social security contribution burdens there are significant variations due to the differences of the tax regimes (tax base calculation, number and width of tax brackets, tax rates and family tax...

Deloitte Hungary adopts suit in Demeter House 23 August 2007 Budapest, 23 August 2007. — Deloitte Hungary undertook to sponsor the annual upkeep of the Kangaroo suite of the 6-flat condominium rebuilt for children suffering from leukaemia and other diseases of the hemopoietic system requiring bone marrow transplantation.

Deloitte Hungary's conscious social commitment is reflected by the fact that the Company laid down its "donation policy" as early as in 2005 in order to be able to improve efficiency of the corporate responsibility activities. Support provided by Deloitte facilitates the improvement of the living conditions of disadvantaged people, the implementation...

The leading economists of the world in Budapest 23 August 2007 Budapest, 23 August 2007. The upcoming European conference of the European Economic Association and the Econometric Society is organised in Budapest between 27 and 31 August by the Central European University (CEU) and the Hungarian Academy of Sciences. One of the main sponsors of the four-day event is Deloitte Hungary.

The main role of the European Economic Association and the Econometric Society is to facilitate and promote contemporary - both empirical and theoretical - economic research. At the conference in Budapest the leading economists, researchers and scientists hold lectures and present the fields and...

China’s banking sector: growing towards diversification 07 August 2007 Budapest, 7th August, 2007 - Asia Pacific markets, with China in the lead, will provide one of the greatest opportunities for global financial services companies looking for future growth. China's share of Asia Pacific bank deposits could almost double from 15% in 2000 to 29% in 2010. Bank deposits in China and 5 other Asia Pacific markets are projected to be over US$11 trillion by 2010.

The opening of China's banking sector in accordance with WTO requirements presents both domestic and foreign financial institutions challenges and opportunities. Deloitte's latest study on China summarizes the present and the...

Momentum continues for Europe’s hoteliers 02 August 2007 Budapest, August 2: Latest results from the HotelBenchmark™ Survey by Deloitte reveal that rooms revenue per available room (revPAR) across Europe grew 6.8% for the first six months of 2007 - only slightly below the 7.2% growth achieved during the same period last year.

Despite the lack of major sporting events hosted by the region in 2006 - the Winter Olympics in Turin and the FIFA World Cup in Germany - Europe's hotels have continued to go from strength to strength. Performance has been driven by improvements in average room rates, which have increased by 5.8% so far this year.

Hotels in Valencia...

The Financial Advisory Services of Deloitte topping the league tables 26 July 2007 Budapest, 26 July 2007. mergermarket has prepared its analysis of financial advisors for H1 2007, according to which Deloitte has maintained its lead in the CEE region having 14 successfully completed deals. Deloitte is also topping the Pan-European league table of financial advisors to European buyouts with 31 deals.

"It is an essential part of our strategy to become known as the best financial advisory firm in our market. To achieve it, Deloitte has regionalised its financial advisory services in Central Europe and by establishing its industry groups it opened the door to supporting the most significant...

The rising value of deals is luring new investors to Central Europe 26 July 2007 Budapest, 26 July 2007 - According to the most recent Deloitte Central Europe Private Equity Confidence Survey, 2007 is a great year for Private Equity in the region. Index figures indicate peaking expectations regarding the market, which are confirmed by activities of private equity funds in the region. Similarly to the record breaking pace of global buyout markets, Central Europe also experienced acquisitions of recognized national brands by private investors in the first half of 2007 (e.g. Oaktree's acquisition of Stock). “The rising value of deals is luring new funds to enter the market,” said Béla Seres,...
Financial Services Companies Increase Overseas Headcount 18-Fold as Offshoring Accelerates and Evolves 19 July 2007 Budapest, 19 July, 2007 - Offshoring is saving the financial services industry an estimated $9 billion a year up from an estimated $5 billion a year ago, propelled by an 1800% increase in headcount over the last four years, according to the latest Global Financial Services Offshoring report by Deloitte Touche Tohmatsu.

The most important statements of the study:

  • One third of financial institutions now offshore processes to China
  • UK and US still lead the way, with mainland Europe following fast
  • Offshoring no longer dominated by call...
Generation Y: Changing the Face of Manufacturing 11 July 2007 Budapest, 11 July, 2007 -- Manufacturers are missing the “Y-Factor” in how they manage their talent, according to a new analysis from Deloitte's Manufacturing Industry. This “Y-Factor,” or Generation Y, is the up-and-coming talent manufacturing companies will base their future success, or failure, upon.

As manufacturers relentlessly continue their quest for productivity, growth and increased service orientation, they should not overlook this new talent pool to fill the demand for higher skills. Deloitte's latest Global Manufacturing Industry report entitled “Managing the Talent Crisis...

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