For IT service providers, 2020 was one of the most challenging years for revenue growth. Their profitability fell as organizations resorted to cost optimization amid the COVID-19 crisis. According to analysis by GlobalData, a leading data and analytics company, 50% of the top 20 IT service providers by revenue reported YoY revenue decline in 2020, while nine saw a drop […]

The COVID-19 crisis has changed Romanians’ attitude towards living at the countryside: 59% of the surveyed urban Romanians state that the pandemic influenced or changed their opinion on living at the countryside, according to the Digitising Europe Pulse, a new survey commissioned by the Vodafone Institute, and conducted by Kantar, with over 15,000 interviewees from 15 European countries, including Romania. […]

Employer demand for technology workers across 10 European countries experienced a significant increase in the first quarter of 2021 with employers posting nearly 900 000 advertisements for open positions, according to a new report released today by CompTIA, the nonprofit association for the information technology (IT) industry and workforce. CompTIA’s “European Tech Hiring Trends” reveals that employer job postings for […]

Digitalization helps consumer companies manage changes in demand, emerging consumption occasions and changing shopping methods, says GlobalData. Changes in demand, emerging consumption occasions, and changing shopping methods have been identified by leading data and analytics company GlobalData as three key aspects to which consumer companies and foodservice outlets have had to adapt due to COVID-19. The company’s latest report, ‘Future […]

On 21 April 2021, the European Commission announced an ambitious and comprehensive package of measures intended to further promote sustainability, as part of the goal of making Europe climate neutral by 2050. One of the many steps outlined is a proposal for a Corporate Sustainability Reporting Directive (CSRD), the aim of which would be to improve the flow of sustainability […]

Mazars, the international audit and advisory firm, together with Board Agenda, and in association with INSEAD Corporate Governance Centre, published its new report, Leadership in AI 2021: boards, barriers, and new beginnings. In a recent material, we discussed about the level of adoption in various organisations, how the lack of understanding regarding this emerging technology means a significant risk for […]

The disruption caused by COVID-19 to CEE’s M&A market was short-lived as dealmaking returned to the fore in the second half of the year, according to a new report published by Mazars in association with Mergermarket. The report, Investing in CEE: Inbound M&A Report 2020/2021, offers an overview of inbound M&A activity in the CEE region throughout 2020 and looks […]

In September 2020, Mazars, the international audit, tax and advisory firm, released the results of a double-blind survey which was conducted by Edelman Intelligence. The purpose of this survey was to identify the perceptions and needs of various companies within the industry when it comes to audit and their current statutory auditors. The respondents had to answer several questions regarding […]

CEOs of the world’s most influential companies are planning what the ‘new reality’ will look like post-pandemic. The 2021 KPMG CEO Outlook Pulse Survey finds that almost half (45 percent) of global executives do not expect to see a return to a ‘normal’ course of business until sometime in 2022, as opposed to nearly one-third (31 percent) who anticipate this […]

Nowadays, a successful business requires not only competence development to solve current and future business issues but learning experiences for the rapid mastering of new skills, the shaping of new mindsets, and lifelong learning. These learning experiences should be proactive, data-driven, cost-efficient, and transparent, but most importantly, they should be digital. Mazars, together with e-Learning Company, conducted in December and […]

A new report from the STEP Project Global Consortium and KPMG Private Enterprise has demonstrated how the unique structure of family businesses has empowered them to respond to the impact of COVID-19. The study found that the involvement of the family and their long-term mindset has enabled them to demonstrate resilience in the pandemic, placing them in a key role […]

Data protection challenges are undermining organizations’ abilities to execute Digital Transformation (DX) initiatives globally, according to the Veeam® Data Protection Report 2021, which has found that 58% of backups fail, leaving data unprotected. Veeam Software, the leader in Backup solutions that deliver Cloud Data Management™, found that against the backdrop of COVID-19 and ensuing economic uncertainty, which 40% of CXOs […]