View the collection of Deloitte in Czech Republic press releases.
| Financial crisis will change the role of the government |
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16 December 2008 |
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Prague, 16 December 2008 — The current financial crisis will further strengthen public administration's role in national economies. Unlike in the past, individual central governments around the world will expand and broaden the coordination of their activities globally and, at the same time, they will see a renewed tendency toward devolution of central power to regional and local governments or even private businesses. As indicated by a report published by the Consulting department of Deloitte, the field to benefit most from the expanded involvement of the public sector during the crises will be infrastructure. “Governments will... |
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| Online christmas shopping accompanied by increased risk |
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08 December 2008 |
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Prague, 8 December 2008 — According to the Christmas Survey conducted by Deloitte, more than a third of Czechs intend to purchase their Christmas presents via the Internet. More and more people are using the Internet to compare prices and products. But are the proponents of online shopping aware of its possible risks? The consulting company Deloitte has the following essential tips for safe online shopping.Recommendations to consumers:1. Practice safe online shopping
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| European hotel performance affected by financial crisis |
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01 December 2008 |
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Prague, 1 December 2008 — A report produced quarterly by Deloitte, the business advisory firm, has found that year-to-September hotel performance fell slightly across Europe. Revenue per available room (revPAR) was down 1.5% to €76 driven by a 1.9% drop in occupancy. Average room is €112. However, when looking at September figures alone, revPAR across Europe dipped 6.7%. Commenting, Alex Kyriakidis, Global Managing Partner of Tourism, Hospitality & Leisure at Deloitte, said: “The world is now dealing with one of the most significant economic slowdowns in modern times and some European countries are being affected more... |
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| Although Czechs will be prudent this year, children will still have a merry Christmas |
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12 November 2008 |
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Prague, 12 November 2008 – Based on a Christmas survey carried out by Deloitte, a Big 4 consulting firm, this year Czechs will spend more time thinking through their Christmas purchases. The study, which presents an outlook of expected Christmas spending in 16 European countries, shows that Czechs are hesitant about spending, namely because of higher food prices and increasing energy costs. Approximately one-third of Czechs (33 percent) are planning to buy more presents than last year. However, last year’s survey showed... |
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| Invia.cz and Kasa.cz take Top positions in this Year’s Central European Technology Fast 50 Awards |
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15 October 2008 |
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Prague, 15 October 2008 – Deloitte Central Europe Announces the 9th Annual Central European Ranking of the Fifty Fastest Growing Technology Companies. For the third straight year, the top position on Deloitte’s Central European Technology Fast 50 ranking goes to the Polish software developer and integrator Blue Media which generated stellar performance with 10,027 percent growth. The Central European Technology Fast 50 ranking showcases the fastest growing technology companies based on their revenue growth in the past five years in the region of Central Europe. This year’s ranking... |
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| The Gateways to Japan and South Korea are now open to Czech companies |
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06 October 2008 |
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Prague, 6 October 2008 — Easier access for Czech and Slovak companies to the to-date protected developed markets of Japan and South Korea will be enabled by the EU Gateway programme provided by the European Commission in cooperation with Deloitte. „Czech and Slovak firms, together with firms from other EU countries, will have the opportunity to penetrate the previously strictly regulated sectors, specifically information and communication technologies, environmental technologies, construction technologies and healthcare technologies,” says Bronislav Pánek, the partner leading Deloitte Czech Republic's Central European... |
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| Insurers should not forget about the retirement market |
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29 September 2008 |
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Prague, 29 September 2008 – Market expansion in the insurance industry in developed countries is getting slower and more demanding. It's not necessary to see the current financial crises behind. The market lacks new clients and insurers have to attract the competitors' clients according to Deloitte's annual survey, Global Insurance Industry Outlook — Issues on the Horizon.Key findings of the survey:- Insurers will have to look beyond traditional approaches to drive growth. To tap into the growing retirement market, for example, life insurers will need to...
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| Czech companies affirm their strong representation among 500 largest firms in Central Europe |
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11 September 2008 |
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Prague, 11 September 2008 — Czech Companies Scored in the List of the Largest Central European Enterprises which is Prepared Annually by the Advisory Firm Deloitte. Czech companies affirmed their strong representation among the 500 largest firms in Central Europe. According to the latest Central Europe Top 500 study prepared by Deloitte, the Škoda Auto automobile company took the highest position among Czech companies in the list prepared on the basis of the 2007 revenues, preceded only by the Polish oil corporation PKN Orlen and the Hungarian MOL Group. The ČEZ electrical company was in fifth place, having the best return... |
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| Global Banking Industry Outlook 2008 – mid-year update |
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27 August 2008 |
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Prague, 27 August 2008 – The credit crisis has created an unsteady environment for the banking industry, with each day seeming to bring new developments. Banks face a more unsettled industry and economic environment than they have in a number of years. The Global Banking Industry Outlook recently published by Deloitte addresses key challenges which banks shall take into account while shaping their future strategies. The credit crisis spurred by problems in the U.S. sub-prime mortgage market has placed enormous strains on the banking industry. After rising interest rates and a decline in U.S. housing prices drove increased... |
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| Deloitte exclusive financial advisor to CEZ Group on acquisition of Farm Project in Romania |
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27 August 2008 |
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Prague, 27 August 2008 – Deloitte acted as an exclusive financial advisor to CEZ Group, the leading CE power utility on acquisition of CWP’s adjacent Fantanele and Cogealac 600 megawatts wind farms in Romania from Continental Wind Partners, a major renewable power developer, which was signed yesterday. The total investment of the CEZ Group into the project will reach € 1.1 billion. Fantanele and Cogealac are situated in the Dobrogea province, north of Constanta, about 17 kilometers from the Black Sea. The project will become operational in stages. The first stage of 347.5 MW will comprise 139 GE 2.5xl turbines with a 100 meter hub... |
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