Deloitte | Romania Feed

The positive evolution of the vaccination rates around the world and the flexibility to work remotely contributed to the resumption of travel, so the number of tourists who flew and stayed at the hotel increased by 50% in the last part of 2021 compared to the previous year, according to Deloitte 2021 Holiday Travel Survey. […]

More than half of companies worldwide (58%) expect an increase in taxation in their organization’s country of residence, as a result of the effects produced by the COVID-19 pandemic, and 90% estimate more tax disputes due to the growing government deficits recorded in this context, according to the Deloitte 2021 Global Tax Survey: Beyond BEPS (Base Erosion and Profit Shifting). Almost half (45%) of respondents expect more rigorous tax controls in their parent’s jurisdiction as a result of the pandemic, and 65% say that the tax authorities of those countries are increasing the use of data gathering and data analytics tools.

The Romanian start-up DRUID, specialized in developing intelligent virtual assistants dedicated to complex enterprise processes, is the technology company with the fastest natural growth in Central Europe (CE) over the last three years, according to Deloitte 2021 CE Technology Fast 50 ranking. With a growth rate of 6,753%, DRUID ranks first out of 25 start-ups […]

The progressive use of electricity emerges as the most efficient energy vector to achieve net-zero ambitions, in particular, in fields such as industry, buildings and transport, as these sectors are the main causes of global greenhouse gases emissions, according to a Deloitte analysis quoted in the B20 Italy Energy & Resource Efficiency policy paper, for […]

The progressive use of electricity emerges as the most efficient energy vector to achieve net zero ambitions, in particular, in fields such as industry, buildings and transport, as these sectors are the main causes of global greenhouse gases emissions, according to a Deloitte analysis quoted in the B20 Italy Energy & Resource Efficiency policy paper, for which Deloitte has been the knowledge partner. The policy paper was submitted by the Taskforce on Energy & Resource Efficiency within the Business20 (B20), the G20 dialogue forum with the global business community, before the COP 26 UN Climate Change Conference, which takes place between October 31 and November 12, 2021, in Glasgow, Scotland.

Deloitte’s Corporate Finance practice has advised the shareholders of Duraziv, the largest independent manufacturer of construction materials in Romania, in the successful sale of the integral share package to global leader Saint-Gobain. The transaction was completed on September 30, 2021, after receiving necessary approvals from authorities.   Deloitte Romania has structured and coordinated the sale […]

Deloitte was recognized, for the third year in a row, as the Central and Eastern European (CEE) Tax Firm of the Year at the 2021 edition of the Europe, Middle East and Africa (EMEA) Tax Awards, organized by the prestigious International Tax Review (ITR) publication. In total, Deloitte won 26 awards across the region, including EMEA Tax Firm of the Year, Tax Innovator of the Year, Tax Technology Provider of the Year, and Compliance and Reporting Firm of the Year. The winners are designated based on reviews conducted by ITR journalists, who focus mainly on the complexity, client impact, scale, and the innovation employed in the projects developed during the past twelve months.

Health care CFOs consider that financial uncertainty remains their main concern for the period ahead, with two thirds of them expecting revenue growth this year after a significant decrease in 2020, which, however, will be largely offset by continuing growth in costs, according to Deloitte survey "The changing role of health care finance leaders". At the same time, 68% of participants state that digital technology investments are top capital spending priorities, given that traditional business models have demonstrated their limits during the COVID-19 pandemic.

Deloitte assisted the asset management firm The Rohatyn Group (TRG) in the sale of Pet Network, the leading omni-channel pet care platform in South-Eastern Europe, present through multiple brands in Romania, Croatia, Slovenia, Serbia and Bulgaria, to the private equity firm A&M Capital Europe. The transaction is expected to close in the third quarter of 2021.

Back-to-school spending is projected to rise by 16% this year compared to 2020, reaching USD 32.5 billion, and digital learning tools are replacing traditional school supplies, driving the sales for technology-based products for students up 37% YoY, according to Deloitte 2021 back-to- school survey. For buying school-related technology products, 49% of participants consider online stores as first option, and 41% are planning to visit discount retailers.

Romania’s mergers and acquisitions (M&A) market saw 54 deals in the first half of 2021, compared with 42 deals in the same period in 2020, being estimated at nearly EUR1.2-1.4 billion, taking into account the overall amount of deals with disclosed and undisclosed value, compared with EUR1-EUR1.2 billion in 1H/2020, while deals with disclosed value totaled EUR485 million versus EUR572 million in 1H/2020, per Deloitte data.

Climate change risk is an increasingly significant driver in investment models and has been cited by almost 90% of institutional investors as the most significant ESG (environmental, social, governance) factor influencing their decisions to invest in a company, according to Deloitte’s report “Building credible climate commitments - a roadmap to earning stakeholder trust".

The COVID-19 pandemic has partially changed the behavior of consumers in the car market. Some of them have postponed their plans to buy a new car, and their interest in engines with alternative propulsion systems is temporarily declining. Although the trend towards electric cars seems to be consolidating on the long term, consumers tend to look for the comfort of a known, tested and accessible technology, in the current context dominated by uncertainty, according to Deloitte 2021 GlobalAutomotive Consumer Study, conducted in 23 countries around the world.

Deloitte was ranked the most valuable and strongest commercial services brand in the world for the third consecutive year, according to the Global 500 2021 report, released by Brand Finance, an independent brand valuation consultancy firm recognized worldwide. The global ranking is based on calculations of the overall brand value and of the relative strength […]

The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to the latest edition of Deloitte CEE banking M&A study, conducted in 16 countries, including Romania. […]

The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to the latest edition of Deloitte CEE banking M&A study, conducted in 16 countries, including Romania. Robustness is paramount amid economic shocks and the CEE banking sector is still very fragmented, with a number of players with marginal market share, the study explains.

The Romanian mergers and acquisitions (M&A) market recorded 91 transactions in 2020, compared to 110, in 2019. According to Deloitte estimations, the total market value, including the transactions with undisclosed values, was of 3.7-4.3 billion euros in 2020 (compared to 4-4.4 billion euros in 2019), while  transactions with disclosed value totalled 1.5 billion euros (compared […]

The mergers & acquisitions market in Romania was stable in 2020, with 91 transactions, compared with 110 in 2019, Deloitte said in a report Monday.

Deloitte assisted the Austrian insurer Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) in the acquisition of the Dutch group Aegon’s non-life and life insurance, pension and asset management businesses in Hungary, Poland, Romania and Turkey. With a purchase price of EUR 830 million, this is one of Central Europe’s largest deals in the financial […]

By the end of the decade, a third of all new car sales worldwide will be electric, which would bring the total number of electric vehicles (EVs) sold in a single year to 31.1 million globally, ten million more than previously forecast, according to new analysis from Deloitte.