30 years in Romania

• C&L holds ‘Crisis Management’ courses for the Ministry of Industry.
• Performs audits for Ion Ţiriac Commercial Bank and Ţiriac Group, as well as the first audit for BRD.

C&L conducts the first classification of Romanian companies under a project for the Romanian authorities.

C&L performs the first audits financed by International Financial Institutions for Romanian Railways (CFR), the National Road Administration, Romgaz and their successor entities: Romgaz, Transgaz, Distrigaz, CFR SA and CFR Marfă.

PW carries out a series of Due Diligence projects and privatisation consultancy for foreign investors seeking to acquire three Romanian producers in the automotive (Peugeot - ARO Câmpulung Muscel), agro-industrial chemistry (Nitramonia) and industrial products (Koyo Seiko - Bearings Alexandria) sectors.

The global merger between C&L and PW forms PricewaterhouseCoopers, with over 300 employees and 500 customers in Romania.

• Launches the first dedicated ‘Transfer Pricing’ services
• Collaborates with the Ministry of Finance to develop the related national legislation and align it with European and international norms.

In Bucharest, the company moves its headquarters to the Opera Center, where it will operate for a decade.

For the first time in Romania, the company offers ‘Purchase Price Allocation’ services.

• Vasile Iuga is appointed Country Managing Partner.
• PricewaterhouseCoopers contributes to the development of Romania’s first Fiscal Code, which brings together, simplifies and clarifies the application of the previous fiscal legislation.

In the pre-European Union Managing Accession Process, PricewaterhouseCoopers provides consulting services for the Romanian authorities.

PricewaterhouseCoopers participates in the ‘VAT Info’ information programme for the National Agency for Fiscal Administration and holds VAT law harmonisation training sessions in all inspectorates.

PricewaterhouseCoopers becomes the first large consulting company in Romania to provide Romanian entrepreneurs with dedicated and integrated services (Private Company Services).

PwC becomes the consulting company with the most specialist members of the Association of Chartered Certified Accountants (ACCA) and the Romanian Chamber of Financial Auditors (CAFR).

D&B - David and Baias lawyers obtain a reference decision from the High Court of Cassation and Justice in the procedure for granting tax interest for the Steaua Română Refinery, for the non-reimbursement of VAT amounts on time by the state.

Assists CRH in the acquisition of three Lafarge cement factories in Romania.

• Ionuț Simion becomes Country Managing Partner.
• PwC Romania’s tax consultants are part of the working groups that contribute to the discussions with the Romanian authorities in developing the new Fiscal Procedure Codes.

• D&B David and Baias celebrate 15 years of activity.
• The tax services department initiates the first technology solutions dedicated to tax reporting. The ANAF check application is launched to allow the automatic verification of suppliers which apply the VAT split payment mechanism.

The D&B David and Baias team assisted in the Phoenix acquisition Farmexim - the largest pharmaceutical industry transaction in 2018.

• PwC Romania’s headquarters moves to the Ana Tower building.
• Participates in the working groups that developed a series of important amendments to the Fiscal Code and Fiscal Procedure Code during 2018 - 2020, as adopted and published at the end of 2020.