A new report released today by KPMG in Romania reveals that today’s consumers have high standards. They expect to receive great value for money for the products and services they buy, and to have excellent interaction with employees as well as flawless service. The Value for Money Economy We are wrapping up 2021 with a look at the state of […]

Last week, the European Commission published the VAT Gap report for 2019. The good news is that, at the European Union (EU) level, the VAT collection rate has increased again, and Member States have lost about €7bn less than the previous year. However, if we look at the absolute value of the VAT amount that the tax authorities have failed […]

The number of businesses globally considered ‘Fit for the Future’ (FFTF) and better prepared to deal with future challenges – such as increased competition, changing employee expectations, and rising customer demand – has grown, according to a major new study from Vodafone Business. An overwhelming majority (94%) of FFTF businesses believed they were well-prepared for the risks facing them, compared […]

Data from a survey conducted by Revolut Junior, the account for kids and teens with 1 million users all over the world, reveals European parents’ habits and attitudes towards finances for their children. The data comes from a survey conducted by Revolut Junior, with almost 5,000 participating European parents. The data shows, among other things, how much weekly pocket money […]

Investments in property in Central & Eastern Europe (CEE) for H1 2021 were down by a whopping 22% compared to the same period a year earlier, which may come as no surprise, given the immense economic repercussions of the COVID-19 international health crisis on most sectors. Indeed, real estate development, investment and lending to the sector have taken a beating […]

Mazars, the international audit, tax and advisory firm, launched the ‘Unlocking trust: why global compliance is on the business agenda’ study. Based on a survey of 892 senior accounting and tax compliance professionals working in multinational companies from 25 countries, the study highlights the opportunities and risks associated with compliance now and in the future. Opportunity to create value Compliance […]

The third annual edition of the Digital Quality of Life Index (DQL) ranks Romania 34th among 110 countries. Covering 90% of the global population, the DQL study is conducted by the cybersecurity company Surfshark and evaluates countries based on a set of five fundamental digital wellbeing pillars. Romania ranks within TOP 30 internet affordability (ranks 27th), e-security (22nd), and internet […]

A new report by Juniper Research has found that the enhanced capabilities of 5G are driving enthusiasm and awareness of private cellular networks; bringing annual spend on network hardware and services to almost $12 billion globally by 2023, growing 116% from the $5.5 billion expected for 2021. 5G deployments have a key role to play here: over 60% of base […]

A new study from Juniper Research has found that global smart grid deployments will lead to annual energy savings of 1,060 terawatt-hours by 2026, from 316 terawatt-hours in 2021. This is the equivalent of powering over 42 million 90-minute football matches at Wembley stadium. The research identified increased sustainability and energy security as critical to the appeal of smart grids, […]

CIOs and IT leaders are helping to lead finance transformation and shifting strategies to meet evolving business and technology demands, as 70% of them accelerated their finance transformation strategies by at least a year due to COVID-19, according to the Deloitte report “A More Effective CIO-CFO Partnership”, conducted in collaboration with Workday, a leader in enterprise cloud applications for finance […]

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic. The KPMG 2021 CEO Outlook, which asked more than 1,300 global CEOs about their strategies […]

Cost is the most important factor in deciding to subscribe to a brand new video streaming service for almost half of the consumers (46%), according to Deloitte Digital Media Trends 2021 report, driving 55% of respondents to choose free, ad-supported video services. The report also highlights that price sensitivity is key across all types of entertainment services, as respondents using […]