1995

Price Waterhouse

• Another important investor, SAB-Miller, receives consulting services from PW upon entering the Romanian market through the Ursus brewery acquisition.

• PW starts collaborating with Shell companies in Romania by providing business set up, audit and tax consulting projects.

Coopers & Lybrand

• One of the first C&L employees, Emilian Radu became the first Romanian partner in an international consulting company.

• 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.

• C&L offers consulting services to the National Securities Commission (CNVM) for the establishment of the Bucharest Stock Exchange and the creation of the Romanian stock market.

1994   1996