Fourth edition of PwC survey. The report summarises a survey conducted by PwC on executive compensation at key listed companies in 2013. Its key findings cover trends in executive compensation and changes in both the structure and level of the remuneration package that occurred between 2012 and 2013.
In recent years, opinions have been appearing more and more frequently that young people make decisions related to the choice of the direction of their education and, in the long term, their careers, unconsciously. Therefore, after graduating from university, they wander in search of work, while the skills they have gained differ from the actual needs of the market.
This is already the fourth edition of our report. In 2011, we addressed the methods of financing investment, in 2012 we discussed the development opportunities of the gas-fi red energy generation, and in 2013 we reported that the emphasis in the electricity sector had moved from the widely discussed issues regarding solely generation to other parts of the value chain.
In this report, we draw attention to the possibility of introducing solutions which could make the resolution of tax disputes quicker, simpler, more effective and, as a result, less expensive both for the State and the taxpayer.
Poland has become a relative winner of the global financial crisis and may now, in the post crisis years, offers a product which has lately been in short supply - economic stability. Numerous companies which until lately have not seen Poland as priority investment location started to take serious interest in the Polish market.
While information security risks have evolved and intensified, security strategies – historically compliancebased and perimeter-oriented – have not kept pace. In this situation approach to security, which the main purpose is traditionally meet the requirements of regulation, is no longer sufficient.
Among the areas of support within the public infrastructure, the building of good quality national roads was defined as a priority. More than EUR 10bn of EU funds under the financial perspective for the years 2007-2013 was allocated to achieve this objective. To implement this plan well-thought-out changes needed to be introduced as well as building efficient mechanisms both at state level and on the market.
PwC, REAS and CMS Cameron McKenna present a report on the prospects for the development of the institutional rental market. Rental housing owned by institutional investors in Poland may be a relatively new and still undeveloped segment, but it will become increasingly important.
Investing in Poland contains information on macroeconomic conditions and outlook for Poland, as well as key data, analysis and contact details for all 16 of Poland's voivodships and all of its major cities. It also includes detailed information on Poland's special economic zones and technology parks, as well as the “Trendbook” section, which analyzes trends shaping Poland's business environment. This year, topics include investment in Africa, consolidation in the banking market, changes in the pharmaceutical sector, investment in “smart city” solutions, increased spending on R&D, and many others.
The markets of Central and Eastern Europe offer attractive potential for internationally minded businesses. Each of the markets has something to offer, yet is characterised by different levels of development.
This publication provides an illustrative set of consolidated financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), for a fictional manufacturing, wholesale and retail group (IFRS GAAP plc).
Probably, what made the biggest impression on the readers of the 2012 Report were the figures. The level of capital expenditure necessary in the energy sector was estimated at PLN 170 billion within a 10-year horizon. This amount stimulated the imagination and expectations of potential beneficiaries of the investment process.
Poland has become a relative winner of the global financial crisis and may now, in the post crisis years, offer a product which has lately been in short supply - economic stability. Numerous companies which until lately have not seen Poland as priority investment location started to take serious interest in the Polish market.
The results of the corporate treasurers survey confirm how crucial is a critical balance between protecting their businesses against significant risks and ensuring that they are also positioned to support business growth particularly in emerging markets.
An in‑depth report from PwC and Baker & McKenzie on cross‑border IPO trends. We have worked together to understand the landscape and consolidate our opinions with other market participants. This has allowed us to present a view on what we believe are important factors for a successful cross‑border IPO and how we expect the landscape to develop in the short‑to medium‑term.
As the new wave of the global financial crisis approaches, Central and Eastern European (CEE) countries once again have serious challenges to face. The strong economic and financial links with Western Europe make the situation even more difficult.
Our latest research paper- ‘Making executive pay work: The psychology of incentives’ - based on research conducted in conjunction with the London School of Economics and Political Science, looks at how over 1,100 senior executives from around the world, including Poland, perceive risk and value in incentives. The analysis highlights some of the problems with current incentive models and highlights some guidelines for effective incentive design.
Risk-taking has always been an inherent part of business, and the more risks you take, the more you stand to win or lose. This fundamental tenet hasn’t changed. What has changed is the quotient of risk needed to deliver the target reward.
In spite of the significant progress observed in the transformation period, there is still a large development gap between Polish and Western European cities. In our report, we attempt to provide approximate calculations of the scale of investments which would need to be done so that in twenty five years – by 2035 – Polish cities were able to achieve a similar level of saturation with urban infrastructure to levels currently observed in cities of Western Europe and to provide their inhabitants with comparable living and business conditions. The year 2035 was selected symbolically – after the 23 years of Poland’s economic transformation (since 1989), it means another 23 years of chasing Western Europe in terms of economy.
Deal values had been heading back towards those seen around the 2006-7 peak of M&A activity. As we enter 2012 they are nearer the credit crunch lows experienced in 2009. Two important confidence factors – economic growth signals and the regulatory treatment of recent big US deals – will hold the key to the timing and extent of 2012 deal flow.
Based on personal interviews with and surveys from more than 600 of the most influential leaders in the real estate industry, this forecast will give you the heads-up on where to invest, what to develop, which markets and sectors offer the best prospects, and trends in capital flows that will affect real estate.
Second edition of the publication "Why Poland?" prepared by PAIiIZ and PwC describing the investment potential of Poland and strategic sectors for Polish economy such as automotive, BPO, aviation. IT electronics and R&D.
Global growth is shifting East. The UN’s World Economic Situation and Prospects 2011 report revealed the strikingly different outlooks for developing countries in the East, where growth continues to be strong, and for developed economies in the West, where growth remains stubbornly anaemic.
The pace of development of Poland’s information society and ever growing number of Internet users who surf the web looking for information on products and services make on-line sales channel implementation more a necessity than just innovation.
According to the results of the 2012 Global State of Information Security Survey®, the majority of executives across industries and markets worldwide are confident in the effectiveness of their organization’s information security practices.
In 2010 alone, the pharmaceuticals industry contributed PLN 1 billion to the state budget in the form of taxes and other charges (according to the Central Statistical Office [GUS]), of which 60% was paid by innovative pharmaceutical companies.
Following the stagnation of the real estate market in Poland in 2009, being a result of the international economic crisis in 2010, the situation stabilised giving significant signs of recovery across most sectors.
Having gone through deep changes in the field of regulation, organisation and property structure, power generation branch is facing new challenges now. The regulatory requirements resulting from the EU law, as well as the technical condition of our production and distributive infrastructure, generate great investment needs, estimated PLN 170 billion within the period of the following 10 years. In our report we focus on the analysis of these needs and the potential sources of financing them.
It is our pleasure to provide you with the 2010 Automotive M&A Insights edition of Driving Value, PwC’s annual review of mergers and acquisitions (M&A) activity and key trends within the global automotive industry. This publication explores global automotive transactions and key trends within the global automotive sector.
This past year had been tough for the world economy. And while there are signs of a recovery, troubles may still lie ahead. Several major territories, for instance, are now adopting new, or revised, transfer pricing requirements, and there is a discernible increase in disputes globally.
Europe hosted 380 IPOs in 2010 rocketing from the 126 transactions in 2009. The total offering amount rose almost fourfold from €7,112m in 2009 to €26,286m in 2010. Individual transaction values also weighed in heavier than the previous year.
Poland has well established transfer pricing regulations that apply to cross-border as well as domestic transactions. These regulations draw heavily on the OECD Guidelines, but the statutory thresholds for the documentation is relatively low, and the requirements apply a wide range of transaction.
In January 2011, we conducted a survey among business leaders in Poland – we collected a total of 71 interviews, in which Polish presidents and CEOs evaluated the growth prospects of their businesses in response to some questions which were asked of the respondents in the global survey.
After a number of difﬁcult decades, Polish cities have now set themselves on a path of rapid development that offers them the opportunity to catch up with other Western European cities and greatly enhance the quality of life of their residents. It is doubtful whether Polish cities have ever before had such a tremendous opportunity.
Second edition of PwC survey. The report summarises a survey conducted by PwC on executive remuneration at key listed companies in 2011. Its key findings cover trends in executive compensation and changes in the both structure and level of the remuneration package that occurred between 2010 and 2011.
PwC has been a content partner in “Investing in Poland 2011”, the annual investor guide developed in cooperation with the Polish Information and Foreign Investment Agency (PAIiIZ), bilateral chambers of commerce and published by Warsaw Business Journal. This publication follows PwC’s "Investing in Poland" publication, which was developed in previous years.
In the publication we attempt to assess this risk on the basis of current indices reflecting the state of national economies, including data on the condition of public finances, which are of particular importance.
This first report examines the extent to which personal taxation and employee social security impacts the net income of employees across the whole of the European Union. Clearly the political agenda of the various nations has a significant impact on the results, as Governments look to raise revenues, adjust their budgets and to provide “services” to their people.