06.23.2016

Romania’s budget loses EUR8.3 billion annually due to the VAT deficit, namely the difference between the VAT to be collected and the sums actually collected, according to a PwC study analyzing more

06.09.2016

Edward Macmanara will take over as the new head of PwC’s business and transactions consulting department for Southeast Europe, including Romania, starting July 1, 2016. more

06.07.2016

Four in five CEOs in Romanian companies focus on long-term profitability rather than short-term gains, according to the Romanian edition of the PwC Global CEO Survey 2016. more

04.27.2016

The new European Union customs code, which will also be implemented in Romania as of May 1, will bring major changes for local companies and will represent an important step in the modernization of more

04.14.2016

The total number of active cars in Romania rose 21% between 2008 and 2014, to 4.9 million cars, but the hike was mostly triggered by used car imports, according to a study by PwC Romania. more

02.23.2016

The value of the Romanian mergers and acquisitions (M&A) market surged 160% in 2015, to over EUR3 billion, exceeding the previous record set before the economic crisis, while for 2016, the forecasts more

01.25.2016

More and more Romanians in IT, design, translation or writing sectors are registering on the global freelance platforms, while the interest in such jobs is facing an upward trend in Romania as well, more

01.20.2016

Half of Romanian CEOs anticipate higher revenues in the upcoming 12 months, while 56% of them plan to increase the number of employees, according to PwC Global CEO Survey 2016. more

01.12.2016

The employee absenteeism rate in Romania for 2015, reflecting the percentage of days of absence out of the total working days in a year, reached 2.2% in 2015, a slight decrease compared to 2.4% in more

12.15.2015

The increase in consumer income and the lowering of the value added tax will fuel a sustained consumption growth in 2016 as well, but will stimulate imports, and Romania must carefully handle the more

11.24.2015

Romania ranks 55th in PwC’s “Paying Taxes 2016” report, which measures the ease of paying taxes in 189 economies worldwide for an average sized company, as its total tax rate fell to 42% from more

04.23.2015

Ionut Simion will become the new country managing partner of PwC Romania as of July 1, replacing Vasile Iuga, who will be named PwC cluster leader for Southeastern Europe. more

03.27.2015

PwC Romania will assess executive jobs within financial regulation authority ASF and establish a salary system for these positions. more

03.26.2015

The reduction of the sales tax and other taxes stipulated in the new Tax Code will boost consumption as long as this is reflected in shelf prices, said Bogdan Belciu, partner at PwC Romania, adding more

02.04.2015

The Romanian real estate market is expected to witness large investments in 2015, according to consulting and audit company PwC Romania. more

01.21.2015

Romanian CEOs are among the most optimistic about their business evolution, as 44% of them are highly optimistic about the revenue growth perspectives of their companies in the next year, compared more

01.15.2015

Human capital return on investment (HC ROI) in Romania rose 4% last year to 1.30, calculated as the number of monetary units generated by each employee for each monetary unit invested in its salary, more

12.11.2014

Pwc proposes ten measures, such as capping cash salary payment, granting welfare by prepaid cards and fiscal receipts lottery, which might reduce the share of grey economy in the GDP by up to 9.9 more

11.04.2014

Discount retailers, such as Lidl and Penny, account for a mere 14% of Romania’s retail market, which is very low compared to developed European countries and considering the average wage in Romania, more

10.23.2014

The gross average salary in the private sector increased by 4.1% in Romania in 2014, while Timis county posted the highest growth, of 8%, according to PwC’s salary and benefits survey PayWell more

10.08.2014

The volume of global goods trade is set to nearly double by 2030, while Romania can benefit from its favorable geographic location, but needs a propitious tax environment and steady investments in more

09.04.2014

The average wage increase in the Romanian private sector amounted to 4.1% in 2014, below 4.6% in 2013, and more than half of companies plan to increase wages in 2015, according to this year’s more

08.27.2014

One third of employees would grant their employers access to personal online data, such as social media profiles, which could be used to understand what motivates them, reasons why people might change more

08.19.2014

Macroeconomic and credit risks are among the biggest concerns for Romanian bankers, while excessive regulation tops the list of worries for international lenders, according to a survey from the Centre more

07.29.2014

Online advertising and internet access are set to be the fastest growing segments of the Romanian media and entertainment market by 2018, according to this year’s edition of PwC’s study more