Press Releases Archive 2005
Press Releases
For press releases published in the Slovak Republic please see the right frame.
For any Media Enquiries, please contact Rene Parak, phone: +421 2 5998 4111. All press releases are available in Slovak language.
Information, Communications & Entertainment | Technology | 14 December 2005
IT buyers believe Europe is too expensive says KPMG report
A wake up call for European Its
KPMG and Economist Intelligence Unit have recently released a survey report about competitiveness in the IT sector. The findings are not very favourable for European IT suppliers, who lag behind their competitors from North America and Pacific Asia in most assessment criteria, even at their home markets. The scores are summarized in the press release and more closely described in the White Paper entitled A wake up call for Europe - IT sector competitiveness.
Banking | Tax | 28 November 2005
Double Taxation Risk for Global Banking Groups
A KPMG International survey has found that international banking groups remain at risk from double taxation - because some countries have not consistently adopted new guidelines aimed at tackling the issue. Double taxation can be a problem for global banking organizations because their networks of overseas branches can involve compliance with at least two different tax authorities. A recent draft discussion paper from the Organisation for Economic Co-operation and Development ('OECD') introduced a set of principles to guide taxation policy, and these were broadly accepted. KPMG's global network has now reviewed the overseas tax treatment of bank branches across 35 countries, and found that few jurisdictions have implemented the OECD principles.
Automotive | 24 November 2005
Auto aftermarket firms next in line to benefit from China boom
Automotive parts suppliers and aftermarket companies are next in line to benefit from the Chinese car revolution as the first generation of Chinese-owned cars head for the repair shops, according to a report from KPMG in Hong Kong. Sales growth within the Chinese car sector has finally begun to slow but several years of rapid growth have resulted in a sizable car parc which requires care and maintenance. Consequently, a compound annual growth rate (CAGR) of 17.6 percent is now expected for the aftermarket and accessories segment - with many auto parts manufacturers switching their focus to this segment and away from the more cluttered and uncertain car manufacturing segment.
14 November 2005
International location decisions placing auto suppliers at risk
Automotive suppliers are paying insufficient consideration to their international location decisions, despite the grave danger which a failed relocation can pose to the health of the overall business. Automotive manufacturers still exert a sizable influence over many suppliers' location decisions, causing many suppliers to take risks which could prove damaging in the long run. More details are available in the survey report.
4 November 2005
Golf Course Development Costs Are Lowest in Eastern Europe
KPMG Survey Shows Highest profile developments taking place in the Middle East While in less mature golf markets increasing the number of people who play golf is the primary goal, in more developed markets and golf tourism destinations the development of a golf course is often part of a tourism mix to attract high spending international golf tourists, according to a KPMG survey, comparing golf course development costs in Europe, the Middle East and Africa.
24 October 2005
KPMG reports revenue growth of 16.4 percent to $15.65 billion
KPMG, the global network of professional service firms providing Audit, Tax and Advisory services, announced member firm combined revenues of $15.65 billion for 2005.
21 October 2005
Information Security Survey in the Slovak Republic 2004
Press release is available in Slovak only.
29 September 2005
KPMG International Chairman Re-elected
At the recent meeting of the KPMG International Board and Council, Mike Rake was unanimously re-elected as Chairman of KPMG International, the global network of professional service firms. Mr. Rake, 57, was first elected as Chairman in May 2002. His second three year term takes effect from October 1, 2005.
28 September 2005
Managing the Risks of Counterfeiting in the Information Technology Industry
Whitepaper Highlights Dangers and Early Warning Signs of IT Counterfeiting Offers Detection and Prevention Strategies
The Alliance for Gray Market and Counterfeit Abatement (AGMA), announced it has teamed with KPMG LLP, the audit, tax and advisory firm, to issue a whitepaper titled "Managing the Risks of Counterfeiting in the Information Technology Industry." As counterfeiting becomes one of the most challenging issues for the IT industry, with illegal replicas of brand name high technology products flooding the marketplace, AGMA and KPMG collaborated to reveal the threat of this growing activity and present working solutions.
06 September 2005
Ultra-low cost cars could take Britain by storm
A bright future is being predicted for the new generation of ultra-low cost cars, even in badge-conscious Britain.
20 July 2005
2005: Global M&A levels set to beat first half of 2004
11 July 2005
Hungry for more?
The survey examines the current appetite for acquisitions and strategies in the global private banking and wealth management industry.
The survey comprises the following sections:
- Survey body - based on interviews with 87 private banks and wealth management institutions around the world;
- Three articles:
China: breaking into the last frontier of banking
Indian wealth management poised for growth
Changes afoot for mid-tier Swiss private banks.
Interview with Merrill Lynch on acquisition appetite and factors driving M&A in this sector. The report is available in English only, upon request at skmarketing@kpmg.sk.
4 April 2005
China: Intellectual Property Rights. Protecting assets in the information, communications and entertainment market an insightful report that examines China's business environment and effective business strategies multinationals are adopting to protect intellectual property rights. Launched today, the report from the Economist Corporate Network has been written exclusively for and with contributions from KPMG in China.
18 March 2005
Convergence gathers pace: Emerging trends in Asia Pacific ICT markets
This is the latest Thought Leadership publication from KPMG's Information, Communications & Entertainment practice. Written in co-operation with the Economist Intelligence Unit, this report summarizes the major short and medium-term trends at work in the region's information and communications technology (ICT) markets, as well as the key competitive challenges, opportunities and drivers of growth. It brings into focus the most important trends at work in Asia Pacific's ICT markets and aims to illuminate those trends that will do most to shape - or reshape - the industry's growth dynamics and supply structure in the region.
10 March 2005
Banks face up to the challenges of meeting customer expectations
A new KPMG International survey reveals how retail banks around the globe are placing a renewed focus on the 'softer' issues of their interaction with their clients. The findings indicate that this 'higher touch' service expectation is likely to remain a key area of focus as the banks, by their own assessment, believe they are significantly under-delivering on the quality of personal service.
25 January 2005
KPMG International Annual Report 2004
Entitled 'Ever Stronger', the KPMG International Annual Report 2004 provides a comprehensive overview of our activities last year. The 'Ever Stronger' theme reflects the progress made throughout the network.
Performance highlights included:
Global revenue of $13.44 billion
Overall growth of 14.7 percent
35.8 percent growth in our Asia Pacific region
15.2 percent growth in our Europe, Middle East and Africa region
8.4 percent growth in our Americas region
We also worked hard throughout the year to help restore confidence in our profession and in the capital markets, and to strengthen the shared values of our people. Find out more about our performance in 2004 - and our robust response to the issues we face - in Mike Rake's International Chairman's Message.
KPMG's response to the Tsunami disaster - message from Mike Rake
The events of the Tsunami disaster is the SE Asia have shocked us all around the world. Our thoughts are with the thousands of people in the region whose lives have been destroyed and who have lost loved ones and family. We also remember those from around the world who lost their lives to this terrible disaster while in the region. Sadly, we have reports of three missing employees from our firms and some of their family members who were on holiday in the region.
KPMG member firms, partners and staff around the world have been responding on a coordinated basis to this disaster, both in terms of humanitarian and financial support. I have received a number of notes from those affected expressing gratitude for the help and support received from various fellow KPMG partners and staff around the world.
Member firms around the world have established programs whereby partners and staff can make contributions and are matching the contributions made by the individuals. In addition, KPMG International will make a donation of US$1m. The total contribution by KPMG firms is expected to be significant. Of course, we will also work with our global and local business to assist where we can to help rebuild the affected communities.
7 January 2005
Momentum in the Automotive Industry
This is KPMG's sixth annual survey on the global automotive industry. Conducted in October and November 2004, it polled 110 American, European and Asian automotive executives. These were made up of 23 vehicle manufacturers, 58 Tier 1 suppliers and 29 Tier 2 or 3 suppliers.
For press releases published in the Slovak Republic please see the right frame.
For any Media Enquiries, please contact Rene Parak, phone: +421 2 5998 4111. All press releases are available in Slovak language.
Information, Communications & Entertainment | Technology | 14 December 2005
IT buyers believe Europe is too expensive says KPMG report
A wake up call for European Its
KPMG and Economist Intelligence Unit have recently released a survey report about competitiveness in the IT sector. The findings are not very favourable for European IT suppliers, who lag behind their competitors from North America and Pacific Asia in most assessment criteria, even at their home markets. The scores are summarized in the press release and more closely described in the White Paper entitled A wake up call for Europe - IT sector competitiveness.
Banking | Tax | 28 November 2005
Double Taxation Risk for Global Banking Groups
A KPMG International survey has found that international banking groups remain at risk from double taxation - because some countries have not consistently adopted new guidelines aimed at tackling the issue. Double taxation can be a problem for global banking organizations because their networks of overseas branches can involve compliance with at least two different tax authorities. A recent draft discussion paper from the Organisation for Economic Co-operation and Development ('OECD') introduced a set of principles to guide taxation policy, and these were broadly accepted. KPMG's global network has now reviewed the overseas tax treatment of bank branches across 35 countries, and found that few jurisdictions have implemented the OECD principles.
- Download the release in English
- Download the release in Slovak
- Branch Capital Attribution for Banks (report)
Automotive | 24 November 2005
Auto aftermarket firms next in line to benefit from China boom
Automotive parts suppliers and aftermarket companies are next in line to benefit from the Chinese car revolution as the first generation of Chinese-owned cars head for the repair shops, according to a report from KPMG in Hong Kong. Sales growth within the Chinese car sector has finally begun to slow but several years of rapid growth have resulted in a sizable car parc which requires care and maintenance. Consequently, a compound annual growth rate (CAGR) of 17.6 percent is now expected for the aftermarket and accessories segment - with many auto parts manufacturers switching their focus to this segment and away from the more cluttered and uncertain car manufacturing segment.
14 November 2005
International location decisions placing auto suppliers at risk
Automotive suppliers are paying insufficient consideration to their international location decisions, despite the grave danger which a failed relocation can pose to the health of the overall business. Automotive manufacturers still exert a sizable influence over many suppliers' location decisions, causing many suppliers to take risks which could prove damaging in the long run. More details are available in the survey report.
4 November 2005
Golf Course Development Costs Are Lowest in Eastern Europe
KPMG Survey Shows Highest profile developments taking place in the Middle East While in less mature golf markets increasing the number of people who play golf is the primary goal, in more developed markets and golf tourism destinations the development of a golf course is often part of a tourism mix to attract high spending international golf tourists, according to a KPMG survey, comparing golf course development costs in Europe, the Middle East and Africa.
24 October 2005
KPMG reports revenue growth of 16.4 percent to $15.65 billion
KPMG, the global network of professional service firms providing Audit, Tax and Advisory services, announced member firm combined revenues of $15.65 billion for 2005.
21 October 2005
Information Security Survey in the Slovak Republic 2004
Press release is available in Slovak only.
29 September 2005
KPMG International Chairman Re-elected
At the recent meeting of the KPMG International Board and Council, Mike Rake was unanimously re-elected as Chairman of KPMG International, the global network of professional service firms. Mr. Rake, 57, was first elected as Chairman in May 2002. His second three year term takes effect from October 1, 2005.
28 September 2005
Managing the Risks of Counterfeiting in the Information Technology Industry
Whitepaper Highlights Dangers and Early Warning Signs of IT Counterfeiting Offers Detection and Prevention Strategies
The Alliance for Gray Market and Counterfeit Abatement (AGMA), announced it has teamed with KPMG LLP, the audit, tax and advisory firm, to issue a whitepaper titled "Managing the Risks of Counterfeiting in the Information Technology Industry." As counterfeiting becomes one of the most challenging issues for the IT industry, with illegal replicas of brand name high technology products flooding the marketplace, AGMA and KPMG collaborated to reveal the threat of this growing activity and present working solutions.
- Download the release in English
- Download the release in Slovak
- "Managing the Risks of Counterfeiting in the Information Technology Industry"
06 September 2005
Ultra-low cost cars could take Britain by storm
A bright future is being predicted for the new generation of ultra-low cost cars, even in badge-conscious Britain.
20 July 2005
2005: Global M&A levels set to beat first half of 2004
- Survey indicates 14 percent out-performance by month-end
- Financial services sector sees large fall-off in deal activity
- M&A in Western Europe overtakes US
11 July 2005
Hungry for more?
The survey examines the current appetite for acquisitions and strategies in the global private banking and wealth management industry.
The survey comprises the following sections:
- Survey body - based on interviews with 87 private banks and wealth management institutions around the world;
- Three articles:
China: breaking into the last frontier of banking
Indian wealth management poised for growth
Changes afoot for mid-tier Swiss private banks.
Interview with Merrill Lynch on acquisition appetite and factors driving M&A in this sector. The report is available in English only, upon request at skmarketing@kpmg.sk.
4 April 2005
China: Intellectual Property Rights. Protecting assets in the information, communications and entertainment market an insightful report that examines China's business environment and effective business strategies multinationals are adopting to protect intellectual property rights. Launched today, the report from the Economist Corporate Network has been written exclusively for and with contributions from KPMG in China.
- Download the release in Slovak
- China: Intellectual Property Rights. Protecting assets in the information, communications and entertainment market"
18 March 2005
Convergence gathers pace: Emerging trends in Asia Pacific ICT markets
This is the latest Thought Leadership publication from KPMG's Information, Communications & Entertainment practice. Written in co-operation with the Economist Intelligence Unit, this report summarizes the major short and medium-term trends at work in the region's information and communications technology (ICT) markets, as well as the key competitive challenges, opportunities and drivers of growth. It brings into focus the most important trends at work in Asia Pacific's ICT markets and aims to illuminate those trends that will do most to shape - or reshape - the industry's growth dynamics and supply structure in the region.
- Download the release in Slovak
- Convergence gathers pace: Emerging trends in Asia Pacific ICT markets
10 March 2005
Banks face up to the challenges of meeting customer expectations
A new KPMG International survey reveals how retail banks around the globe are placing a renewed focus on the 'softer' issues of their interaction with their clients. The findings indicate that this 'higher touch' service expectation is likely to remain a key area of focus as the banks, by their own assessment, believe they are significantly under-delivering on the quality of personal service.
25 January 2005
KPMG International Annual Report 2004
Entitled 'Ever Stronger', the KPMG International Annual Report 2004 provides a comprehensive overview of our activities last year. The 'Ever Stronger' theme reflects the progress made throughout the network.
Performance highlights included:
- Download the release in Slovak
- Download the release in English
- KPMG International 2004 Annual Report
KPMG's response to the Tsunami disaster - message from Mike Rake
The events of the Tsunami disaster is the SE Asia have shocked us all around the world. Our thoughts are with the thousands of people in the region whose lives have been destroyed and who have lost loved ones and family. We also remember those from around the world who lost their lives to this terrible disaster while in the region. Sadly, we have reports of three missing employees from our firms and some of their family members who were on holiday in the region.
KPMG member firms, partners and staff around the world have been responding on a coordinated basis to this disaster, both in terms of humanitarian and financial support. I have received a number of notes from those affected expressing gratitude for the help and support received from various fellow KPMG partners and staff around the world.
Member firms around the world have established programs whereby partners and staff can make contributions and are matching the contributions made by the individuals. In addition, KPMG International will make a donation of US$1m. The total contribution by KPMG firms is expected to be significant. Of course, we will also work with our global and local business to assist where we can to help rebuild the affected communities.
7 January 2005
Momentum in the Automotive Industry
This is KPMG's sixth annual survey on the global automotive industry. Conducted in October and November 2004, it polled 110 American, European and Asian automotive executives. These were made up of 23 vehicle manufacturers, 58 Tier 1 suppliers and 29 Tier 2 or 3 suppliers.
