Deloitte | Romania Feed

Financial results of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by cyber risks, climate-related regulatory actions and rising interest rates, according to Deloitte 2024 Commercial Real Estate Outlook global study.

Despite the recent emergence of artificial intelligence (AI) in the marketing landscape, a Chief Marketing Officer (CMO) Survey conducted by Duke University with the support of Deloitte reveals that 60% of respondents, primarily marketing leaders, have already integrated AI into their strategies over the past year.

A third of companies worldwide (34%) anticipate a significant increase in their group’s global effective tax rate, as a result of the implementation of the two-pillar global tax reform coordinated by the Organization for Economic Co-operation and Development (OECD), down from 47% in 2022, according to Deloitte 2023 Global Tax Policy Survey.

Redbee Software, DRUID and Questo are the Romanian technology companies included in the main category of the Deloitte 2023 Central Europe Technology Fast 50 ranking of the fastest growing tech start-ups in the region.

Global leaders view geopolitical challenges (61%), inflationary trends (46%) and concerns about their ability to meet increased environmental, social, and governance (ESG) expectations (40%) as the top risks impacting their third-party relationships, according to Deloitte 2023 Global Third-Party Risk Management Survey, conducted in 40 countries, including Romania.

The organizations operating in the financial services industry are beginning to register significant progress in terms of implementing changes meant to assure compliance with the new EU regulation Digital Operational Resilience Act (DORA), as a third of them (29%) started to prepare since 2022 and, out of these, 29% have already completed 75% of their implementation roadmap by Feb 2023, as per the latest edition of Deloitte survey on DORA.

Eight out of ten companies in Romania expect a high or very high impact of national and European circular economy regulations, on a short and medium term, and 70% estimate that state subsidies are not sufficient, according to Deloitte report “Circular Economy. The perception and stage of implementation in Romania”, conducted among companies on the local market, from the manufacturing, retail, consumer goods, construction and real estate industries.

The world’s largest semiconductor companies will spend US $300 million in 2023 on artificial intelligence-based solutions dedicated to chip design, an investment that will increase by 20% annually over the next four years, according to the Deloitte TMT (Technology, Media and Telecommunications) Predictions 2023 report.

Nine out of ten organizations (91%) reported at least one cyber incident or breach last year, according to Deloitte 2023 Global Future of Cyber Survey, and more than a third (38%) between six and ten events.

Interest in electric and hybrid cars remains high among consumers, mainly due to the lower fuel costs compared to internal combustion engines, to the concern about climate changes and the government incentives programs, according to Deloitte 2023 Global Automotive Consumer Study..

Circular economy can reduce by almost one third the current global volume of resource and material consumption by extending the products’ lifespan and making sure they enter full life cycles, as per “The Circularity Gap” study conducted by the international agency Circle Economy in collaboration with Deloitte.

Insurers’ growth and profitability will most likely be negatively impacted in 2023 by the current macroeconomic and geopolitical challenges such as the threat of global recession, effects of Russia’s invasion of Ukraine and lingering COVID-19 concerns, according to the Deloitte 2023 insurance outlook.

Romanian companies are concerned about the slowdown in economic growth, the expected increase in unemployment and high inflation, according to the Deloitte 2023 Romania CFO Survey, conducted at the end of last year among over 120 chief financial officers (CFOs) based in Romania.

The transition toward the net-zero economic model can protect the labor market against climate change related risks and can create up to 300 million new jobs worldwide by 2050 provided that the decarbonization plans bring together concerted action on behalf of governments and businesses, focusing both on the achievement of environmental objectives and on employees’ protection policies, as per Deloitte study “Work toward net zero: The rise of the Green Collar workforce in a just transition”.

Revenues of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by persisting high inflation, workforce challenges, cyber risk, and climate-related regulations, according to the Deloitte 2023 Commercial Real Estate Outlook global study.

Europe emerges as the largest producer of green hydrogen, with a 30 percent share in the world production, due to its ample, low-cost renewables capacity, in a race for decarbonization aiming at transforming by 2030 industries with high carbon footprint such as heavy industry, refinery, aviation, road freight and sea transports, according to the Deloitte study “Hydrogen. Making it happen”.

Companies across industries direct more than half of their marketing budgets (58%) towards digital activities, according to the latest edition of the Chief Marketing Officer (CMO) Survey conducted by Duke University with the support of Deloitte.

The Council of the European Union and the European Parliament have adopted on Nov 28 the EU Corporate Sustainability Reporting Directive (CSRD) which fundamentally changes the current regime for sustainability reporting, according to Deloitte specialists.

Almost half of companies worldwide (47%) expect a significant increase in their group’s global effective tax rate, because of the implementation of the two-pillar global tax reform coordinated by the Organization for Economic Co-operation and Development (OECD), according to the Deloitte 2022 Global Tax Survey: Beyond BEPS (Base Erosion and Profit Shifting).

Eight in ten Romanians believe that climate change is caused by human activities and 67% of them have already adjusted their purchasing behavior to limit the negative impact on the natural environment, according to the Deloitte study Sustainable Actions Index, conducted in 26 countries.