As usually, when you start analyzing a topic, other collateral findings start to pop up. More recent articles, written by practitioners, shed a more enlightning picture on the CFOs’ hurdles in East Europe.
First of all, most of these new articles show that CFO’s have been really abated and overwhelmed by the depth of the crisis. With the massive deleverage taking place in 2009-2011, markets are still suffering and CFO’s are still trying to find new sources of profitability. And if there was any reluctance of restructuring the finance departments during the initial years of the crisis, in 2014 the situation changed – restructurings are still taking place, with many companies still having finance (and others) hiring freezes – or even promotion freezes.
This might make the CEE CFO’s more risk averse than ever, with an ever increasing amount of work on their desks. Read More »(An Almost) Perfect Profile of a CEE CFO (2)