Business Sentiment Index commentaryVideocast |
Summary:
The Deloitte Business Sentiment reflects the views of 200 of the most influential corporate leaders (CEO’s, CFO’s and other CXO’s) from Poland, Hungary, Croatia, Czech Republic, Romania and Slovakia.
The index provides a much-needed outlook based not on statistics and balance sheets, but on the human reaction and opinions of those individuals who are crucial not only to their company’s success but by extension to the recovery and renewed growth of individual country economies and that of the region as a whole.
Highlights:
- Almost 75% believed the economy of their country to either stay the same of deteriorate.
- Only in Poland, the strongest economy in the survey, were managers optimistic of an improvement in prospects, with over 50% of Polish executives being positive about this.
- Many industrial companies in CE actually saw year-on-year sales down by between 25 to 40% by March 2009.
- Hungary, where over 10% of the labour force is currently unemployed, is the only country among those surveyed where further lay-offs are not expected.
Presenter:
Béla Seres, Managing Partner, Financial Advisory Services, Deloitte Central Europe.
Mr. Seres joined Deloitte Hungary in 2000. Prior to that he served as head of ABN AMRO Corporate Finance in Hungary, and advised the Hungarian Privatization and State Holding Company on various privatization projects. Mr. Seres has extensive M&A advisory experience in the Central European region and has been leading the CE Financial Advisory service line since 2009. He is responsible for the development and management of corporate finance and M&A advisory services in the region and is a widely quoted expert in the media.
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