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The only way is up?

Central Europe CFO Survey - June 2013

The Deloitte CE CFO Survey is a unique collection of 13 locally tailored reports reflecting the opinions of 668 CFOs of leading companies in the Central European region. The findings are based on the fourth edition of a Deloitte survey undertaken from February until April 2013 in 13 countries in the region – Albania & Kosovo, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia and Slovenia. All the unique reports provide fascinating insights into CFO opinions at a key moment in economic history.

"The Chief Financial Officers of Hungarian companies are still predicting unfavourable economic conditions and preparing for challenging, difficult times."

  Tim Mahon, Partner, Enterprise Risk Services
  CFO Programme Leader, Hungary

Hungary

Central Europe CFO survey

Download CFO Survey Hungarian Overview.

  • The heads of finance of Hungarian companies remain pessimistic about economic growth. 
  • CFOs still believe this is not the time to take on increased risk due to economic uncertainties. 
  • Available sources of funding are becoming increasingly unattractive to Hungarian companies. 
  • Major challenges include uncertainty about the ever-changing regulatory background, tax and legal compliance, as well as the risks arising from volatile foreign exchange rates. 
  • Hungary is the Central European country that’s least affected by low numbers of financial experts.

Contact us

Timothy Mahon, Partner, Vállalati kockázatkezelési szolgáltatások Timothy Mahon
Partner | Enterprise Risk Services
Deloitte Co. Ltd.
Tel: +(06 1) 428 6832
E-mail: tmahon@deloittece.com
Nagy Marcell, Deloitte, coordinator, marketing and business development Marcell Nagy
Coordinator | Marketing and Business Development
Deloitte Co. Ltd.
Tel: +36 (1) 428 6737
E-mail: mnagy@deloittece.com


Regional key findings

CFO 2 Pager thumb

Download CFO Survey summary

Comparative thumb

Download CFO Survey Regional Overview

Other country key findings

Albania & Kosovo

54% of Albanian CFOs find it difficult for companies to obtain credit.

Bulgaria

Bulgarian CFOs rank among the most risk averse with 91% thinking now is not a good time to take on more risk.

Croatia

42% of Croatian CFOs predict that their country's GDP growth will be negative in 2013.

Czech Republic

66% of Czech CFOs expect the economy will stagnate in 2013.

Estonia

Estonian CFOs stand out in regards to their views on gearing with 31% planing to raise its level over the next year.

Latvia

42% of Latvian CFOs expect there will be a lack of talent in the finance area over the next year.

Lithuania

71% of Lithuanian CFOs predict financing cost of companies to increase in next 12 months.

Poland

Polish CFOs are the most optimistic regarding their companies' ability to service debt with 72% of respondents forecasting it will increase.

Romania

Romania stands out with 27% of CFOs predicting quite significant talent shortages in graduate level.

Serbia

Serbia has the most negative attitude towards bank borrowing as a source of funding with 63% of CFOs seeing it as unattractive.

Slovakia

Slovakian CFOs belong to the most pessimistic in the region regarding the financial prospects of their companies.

Slovenia

Slovene CFOs forecast the highest level of uncertainty in the region.

Contacts

Name:
Timothy Mahon
Company:
Deloitte Co. Ltd.
Job Title:
Partner | Enterprise Risk Services
Phone:
+(06 1) 428 6832
Email
tmahon@deloittece.com
Name:
Marcell Nagy
Company:
Deloitte Co. Ltd.
Job Title:
Coordinator | Marketing, communication and business development
Phone:
+36 1 428 6737
Email
mnagy@deloittece.com
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