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EY conducted a survey on the impact of the change in the tenge exchange rate on the labor market in Kazakhstan.
Astana, Almaty, 14 October 2015
EY carried out a unique survey on the impact of the change in the tenge exchange rate on the labor market in Kazakhstan. The survey report reflects the most recent data from employers in Kazakhstan related to HR measures planned or already taken in response to the recent change in the tenge exchange rate. Seventy-two companies from fifteen different industries participated in the survey, including large, medium and small businesses.
Fraud and corruption risks impact corporate international expansion; pressure for revenue and earnings growth driving illegal conduct
London, Almaty, 22 May 2015
EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey, Fraud and corruption – the easy option for growth?, has found that greater pressure on businesses to grow revenues together with market volatility is creating increased risk in expansion opportunities. Challenges, including geopolitical instability, commodity and currency price volatility, as well as economic sanctions, are pushing companies and their executives toward high-risk behavior.
Diversification and global competition drives renewable energy attractiveness
London, Almaty, 1 April 2015
A focus on energy diversification and increasing competitive pressure on both governments and investors is driving renewable energy attractiveness and bringing new investment destinations to the fore, according to EY’s latest Renewable energy country attractiveness index (RECAI).
Risk culture is at the forefront of banks' agenda as fines and remediation hit home
Washington, DC, 1 December 2014
EY’s annual risk management survey of major financial institutions, Shifting focus: risk culture at the forefront of banking, shows that in the past year, banks have made dramatic shifts in their attention to risk culture, but much more work remains to be done.
Small-cap deals to fuel M&A in power and utilities as acquisition appetite hits two-year high amid growing investor confidence
London, 27 November 2014
Forty percent of power and utility (P&U) companies anticipate pursuing acquisitions in the next 12 months — the highest number for two years, according to EY’s 11th biannual Power & Utilities Global Capital confidence barometer.
Dealmaking on track for ‘blockbuster 2014’ as technology M&A soars
New York, 26 November 2014
According to EY’s Global technology M&A update: July-September 2014, global technology M&A value and volume reached quarterly heights not seen since the dotcom bubble.
Consumers across the world trust insurers less than banks
London, 25 November 2014
The level of consumer trust in insurance companies is lagging at just 70%, compared to 82% for banks, largely because of the low frequency of contact insurers have with their customers, according to EY’s 2014 Global Consumer Insurance Survey.
Global medtech industry needs to better differentiate products or face commoditization
Chicago, 24 November 2014
Despite ongoing commercial challenges in 2013, the global medtech industry’s financial performance held steady at the relatively low levels of growth that have become common in recent years. But even as the industry grapples with these market and regulatory pressures, it faces a potential growing challenge: the threat of commoditization.
China reclaims the top spot for renewables energy investment attractiveness, while Europe and the US lose ground to emerging markets
London, 13 November 2014
China’s renewables market is the most attractive destination for investors looking to invest in the sector, according to EY’s Renewable Energy Country Attractiveness Index (RECAI) published today.
Financial sponsor-backed IPOs drive activity close to 2010 levels
London, Moscow, 7 November 2014
Global IPO activity continues to climb with 851 IPOs raising US$186.6b in the first nine months of the year, a 49% increase in volume and 94% increase in proceeds compared to the same period in 2013, according to the quarterly EY Global IPO Trends: 2014 Q3.
EY reports 2014 global revenues of US$27.4b
London, 30 September 2014
EY today announced combined global revenues of US$27.4b for its financial year ended 30 June 2014, a 6.8% increase over FY13 in local-currency terms. Revenues grew 6.0% in US dollar terms.
Oil and gas megaproject overruns to cost industry more than US$500b
London, Moscow, 2 September 2014
A new report by EY reveals that almost two thirds (64%) of multibillion-dollar, technically and operationally demanding megaprojects continue to exceed budgets, with three quarters (73%) missing project schedule deadlines.
Mining M&A remains subdued despite strong deal pipeline
London, 2 September 2014
M&A in the global mining and metals sector is likely to remain subdued for the remainder of 2014 despite a strong deal pipeline and a private capital funds war chest yet to be unleashed, according to EY Global Mining & Metals Transactions Leader, Lee Downham.
Pension and retirement systems need rapid reform at a global level to meet demographic challenges
New York, 29 August 2014.
A new era of globalization is shaping pensions policy reform, challenging key industry assumptions and empowering consumers in their retirement decisions, according to EY’s new report: Building a better retirement world: insights for better outcomes in the global pension and retirement market.
Productivity tops mining and metals business risks list
Sydney, 29 July 2014
Productivity is now the top business risk facing mining and metals companies globally, ranking number one in EY’s annual Business risks facing mining and metals 2014-2015 report released today.
EY CIS promotes 14 new partners
Moscow, 7 July 2014
EY, a global advisory and assurance leader, has announced the appointment of 14 new partners in the CIS practice.
EY announces 675 new partners worldwide
London, 3 July 2014
EY has announced that 675 of its people will become partners across the member firms of its organization, an increase of 33% compared to 2013 and the highest promotions to partner ever at EY.
Encouraging signs for exports and households in the Eurozone but deflation threats are looming
Frankfurt, 2 July 2014
After two years of falling output, the Eurozone is forecast to grow by 1.1% this year, followed by expansion of 1.5% in 2015 and a slightly faster pace in 2016-18, according to the Summer 2014 EY Eurozone Forecast (EEF).
Private sector demand for bank credit in the emerging markets to grow 45% by 2018
New York, 1 July 2014
Emerging markets have been the principal driver of global growth in the last five years and are expected to continue growing at twice the rate of developed markets.
Consumer products and retail companies struggling to innovate
London, 25 June 2014
The vast majority of consumer products and retail executives (66%) say that collaboration with smaller entrepreneurial firms has become increasingly important to drive innovation and achieve their strategic goals.
Pervasive global corruption leaves boards struggling to cope
London, 23 June 2014
EY’s 13th Global Fraud Survey, Overcoming compliance fatigue: reinforcing the commitment to ethical growth, has found concerning levels of perceived fraud, bribery and corruption across the world.
Unconventionals add complexity to oil and gas tax regimes
Moscow, 18 June 2014
Despite the geopolitical uncertainty that looms over the global oil and gas industry the continued imposition of taxes on income from oil and gas operations remains a certainty.
Investor confidence in Kazakhstan’s potential reaches an all-time high
London, 12 June 2014
Kazakhstan’s international integration and innovation agenda is poised to enable growth, according to EY’s fourth Kazakhstan Attractiveness Survey.
Foreign investment projects into Europe reach all-time high in 2013
London and Paris, 29 May 2014
Foreign direct investment (FDI) into Europe reached an all-time high last year, according to EY’s annual European Attractiveness Survey.
Companies are missing opportunities to mine big data to reduce fraud risk and improve anti-bribery compliance
London, Moscow, 9 April 2014
EY’s 2014 global forensic data analytics survey, Big risks require big data thinking, highlights that 63% of senior executives surveyed at leading companies around the world, agree that they need to do more to improve their anti-fraud and anti-bribery procedures, including the use of forensic data analytics (FDA).
Corporates underestimating costs of post-merger integration, yet 14% of total deal value being spent on the integration process
London, 9 April 2014
M&A is back on the corporate agenda to help deliver growth and expansion, however, corporates around the world are finding that they have underestimated the costs and resources needed to complete a successful integration. While the integration phase of a deal may never grab the headlines, it is in many ways, the only way to properly evaluate the outcome of a deal, according to a new survey by EY.
Companies need to tailor employment offerings in the BRICs to secure and keep top talent and increase competitive advantage
London, 3 April 2014
If companies are to be more successful in their approach to recruiting and retaining talented employees in emerging markets they need to understand what professionals value from them as employers, by country and by profession.
Mobile money set for new wave of growth
London, 4 March 2014
Mobile payments are set for a new wave of growth but mobile operators must address customer concerns within a fragmented technology landscape to ensure that they make the most of the market’s potential, according to EY’s Mobile Money – the next wave of growth report, released today.
Consumer confidence in global banking industry bounces back
London, 19 February 2014
After a number of years of sharp decline, confidence in the banking industry is on the rise, trust in individual banks is high and most customers across the globe are satisfied enough to recommend their main banking provider, finds EY’s 2014 global consumer banking survey.
A third of global businesses are planning a sale in two years
London, 17 February 2014
A third (33%) of global businesses are planning a sale in the next two years according to a new report from EY.
Financial investors to be key players in 2014 mining M&A
London, 7 February 2014
A steady improvement in market conditions should see a gradual return to deal-making in the mining and metals sector in 2014, off the back of a seven-year low in global M&A volumes in 2013.
New wave of rapid-growth markets provide significant opportunities for global insurers
London, 5 February 2014
Global insurance companies seeking to expand their businesses are increasingly looking to a new wave of rapid-growth markets (RGMs) as well as the BRICs.
Growing middle-class leading consumption drive in rapid-growth markets
London,4 February 2014
Across the rapid-growth markets there will be nearly 200 million middle-class households by 2022 up from 94 million in 2012, according to EY’s latest Rapid-growth markets forecast (RGMF) out today.
A sector focused on growth: strong performance predicted for global lodging industry in 2014 according to latest EY report
New York, London, 31 January 2014
Look for transaction activity and even development to pick up across the board as investors seek out new opportunities in the global hospitality sector over the next 12 months according to EY’s Global Hospitality Insights Top Thoughts for 2014, released today.
Foreign companies in India to expand presence
New Delhi, London, 29 January 2014
India has a strong foothold in investors’ emerging market strategies, despite the recent slowdown in economic activity, according to Enabling the prospects, EY’s 2014 Indian Attractiveness Survey.
Big pharma need to tap M and A for growth
San Francisco, Moscow, 27 January 2014
Big pharma stayed on the sidelines in the 2013 mergers and acquisitions (M&A) market despite a continuing need to close a revenue “growth gap” that is expected to reach US$100 billion by 2015
Forecast for business lending in 2014 drops by €211b in face of sluggish Eurozone recovery and AQR demands
London, 16 January 2014
This year the Eurozone will experience annual GDP growth for the first time since 2011, but at just 0.9% the growth will not be strong enough to support a level of uplift in financial services that will drive further economic recovery according to The EY Eurozone Financial Services Forecast (EEFSF).
Cracking Europe’s shale gas potential
London,15 January 2014
Despite the transformative impact that shale gas has had on the outlook of US energy markets, the European landscape regarding shale gas is very mixed and markets should exercise caution as multiple issues may slow progress, according to a new report issued by EY today.
Mergers and acquisitions at lowest level but overdue recovery in 2014
London, 13 January 2014
Despite hopes that M&A moved into a sustained growth phase last year, 2013 saw an unprecedented hat-trick – a third year of falling deal activity globally.
Media and Entertainment capital confidence barometer results
Los Angeles, 10 January 2014
The media and entertainment industry is heading into 2014 with a high level of confidence in the global economy, according to the 9th Capital Confidence Barometer – Media & Entertainment industry results released by EY.
Cyber-hacking threat increasing for mining and metals companies
Sydney, 10 January 2014
Cyber-hacking is becoming increasingly pervasive in the mining and metals sector, with the potential to soon be a top 10 strategic risk, according to EY Global Mining & Metals Leader Mike Elliott.
Eurozone moving away from crisis mode but long-lasting scars will remain
Frankfurt, 20 December 2013
Despite signs of renewed growth across the Eurozone deep scars of the recession are likely to remain for years to come. While 2014 will be the first year of positive growth since 2011, as a result of an export recovery and easing of austerity measures, growth will remain low for the foreseeable future, according to the winter EY Eurozone Forecast (EEF).
2014 to be a record year for Global IPOs, building on strong momentum in 2013
London, 17 December 2013
Global IPO activity should remain on a firm footing in Q1’14, following a strong uptick in listings in the last quarter of 2013 to close the year with a total of 864 deals raising around US$163.0b, according to EY Global IPO Trends: Q4 2013.