Romania’s mergers and acquisitions (M&A) market reached an all-time record in 2021 in terms of number of deals, having recorded 137 transactions, according to an analysis conducted by Deloitte Romania. The estimated total market value for both disclosed and undisclosed transactions reached around EUR 4-4.4 billion, while the value of disclosed transactions amounted to EUR 2.3 billion. In comparison, transaction market value in 2020 was EUR 3.9-4.1 billion and EUR 2.5 billion, respectively.
Holiday spending resumes growth this year, with a 5% advance compared to 2020, after a 7% decline last year, but 68% of consumers expect higher prices than the previous season, according to Deloitte 2021 Holiday Retail Survey. On the other hand, a third of the traders participating in the survey are counting on a double-digit increase in holiday orders, while 43% estimate increases below 10%.
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.
Romania ranks 44th out of 168 countries, climbing one position in the global ranking, but continues to be surpassed by all the other EU member states, according to the 2021 Social Progress Index, which analyzes the quality of life and social wellbeing and is conducted by the non-profit organization Social Progress Imperative with the support of Deloitte. Romania registers a score of 78.41 points out of 100, slightly higher than last year, which places it among the ranking’s third category countries, after Argentina, Hungary and Bulgaria.
Nearly three-quarters (73%) of companies are concerned about the way labor and skills shortage will influence their business strategy within the next 12 months, slightly higher than the share of those which are concerned about the pandemic evolution, such as future COVID- 19 variants (70%), according to the latest CEO survey conducted by Deloitte and Fortune magazine. The top challenges to organizations’ talent and workforce goals, as rated by the surveyed CEOs, are attracting and recruiting talent (57%), designing a post-pandemic workplace (53%), retaining talent (51%) and building a diverse, equitable and inclusive workforce (43%).
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.
Ever wonder why the business process management (BPM) software market in Romania is so small? And more importantly, will it ever grow? The COVID-19 pandemic may be exactly what the BPM market needs to gain traction to reach its true potential. According to the Global Mobile Business Process Management Market report for 2016–2022, the global BPM market is expected to reach $3.7 billion by 2022, with an annual growth rate of 21.5%. And Romania is definitely a part of this market.