Investing in CEE: Inbound M&A report 2025/2026
Large-cap transactions were the defining theme of CEE dealmaking in 2025, despite severe geopolitical headwinds.
Consult and download our publications below.
The publications issued before 2024 can be found in this archive.
Large-cap transactions were the defining theme of CEE dealmaking in 2025, despite severe geopolitical headwinds.
Our latest study uncovers a business world embracing change, investing in technology and people, and reimagining strategies to stay ahead of disruption and competition. Success now rests on adaptability as much as ambition.
Our deal advisory highlights feature a selection of projects that we advised on throughout the region in 2025.
Our new study, the CEE Strategic resilience in banking: outlook 2025, combines independent market intelligence with practical insights from financial services professionals advising banks across the region. The report examines trends in profitability, capital adequacy, regulatory evolution, digitalisation, securitisation and ESG integration across six CEE markets.
Our new "CEE strategic resilience in insurance: outlook 2025" reveals that the region’s insurers have expanded non-life premiums from €18 billion in 2018 to €28.5 billion in 2024, a 58% surge that outpaces many mature Western markets.
Based on the views of more than 1,000 payroll, HR and finance leaders from 13 markets, the 'Compliance, accuracy, and visibility: the 3 non-negotiables in modern European payroll' report reveals how payroll has evolved from a transactional necessity into a strategic pillar of organisational trust, data governance and people experience.
Discover how reporting, data and AI can move beyond compliance to become a catalyst for international growth
As global uncertainty reshapes the industrial landscape, manufacturers are under increasing pressure to adapt and compete. Yet many leaders remain confident in their growth ambitions. In this shifting environment, strategic agility is becoming a vital asset. Drawing on perspectives from executives in more than 35 countries, this report explores how manufacturing leaders are responding to change and...
In parallel with the ninth edition of Forvis Mazars benchmark study on the financial reporting of European banks, Forvis Mazars in Poland prepared a dedicated supplement focusing on Central and Eastern Europe (CEE).
As European banks move into 2025 amid renewed U.S. tariffs and heightened geopolitical tensions, is this calm before the storm? Throughout 2024, we observed a continued reduction in credit risk buffers, despite persistent macroeconomic pressures and geopolitical challenges. As we examine the year-end results of the region’s largest institutions, what do the figures reveal about how they manage expected...
The Hungarian office of Forvis Mazars published for the thirteenth time its regional tax guide, which presents snapshots and comparative charts of the tax systems of 25 CEE countries for 2025.
Our annual C-suite barometer gathers the views of leading executives from all over the world. Each year we uncover the strategic priorities on the C-suite’s agenda and the market trends expected to impact businesses in the years ahead. This latest study reveals a business world focused on opportunities for growth and expansion in a more competitive environment. 2025 is the year for C-suite executives...
Forvis Mazars has secured the 4th position in Central & Eastern Europe in relation to the number of successful M&A Transaction Services projects advised based on the “Mergermarket CEE Accountant League Table 2024”.
Strengthening digital supply chains and building resilience for business growth
Based on insights from almost 400 executives in the sector, the study uncovers a significant shift in the overall outlook and priorities of leaders in the sector, indicating a strategic reset is on the cards. Organisations are live to the intensifying influence of public perception and leaders are looking to build resilience in a new era where talent is essential to the effectiveness of emerging technologies...
By analysing more than 1,700 startup profiles from more than 100 countries, this study dives into the entrepreneurship experience and identifies the most pressing challenges. Entitled, ‘What is their X factor? The three ingredients of success (or failure) of startups in 2024’, this extensive analysis offers valuable insight to entrepreneurs, investors and sector observers.
Does the perceived reduction in risk amongst European banks hint at early signs of optimism for the sector? Throughout 2023, we observed a global economic slowdown, ongoing geopolitical tensions, and the rapid rise of new technologies. As we analyse the year-end results of the 26 largest banks in Europe, what do these figures reveal about expected credit losses and how these institutions manage persistent...
We have interviewed 141 PE funds, out of which 20 from the CEE region, whereas 43 interviews were conducted across the continent (including 10 in CEE), and collected insights through an online questionnaire delivered with the support of ARX.
You may find below our publications issued before 2021
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