Press Releases


2018

Skills shortage could cost the European Union EUR 324 billion per year

Skills shortage could cost the European Union EUR 324 billion per year

Private businesses across Europe see regulation and bureaucracy in their domestic economies as more of a threat to the development of their companies than regulation and bureaucracy coming from the European Union (EU), according to PwC’s European Private Business Survey. In the report surveying 2,447 companies across 31 European countries, 39% said domestic red tape was a concern, compared with about 29% citing EU red tape as a problem.

The reverse-charge mechanism for supplies susceptible to fraud was extended until 30 June 2022

The reverse-charge mechanism for supplies susceptible to fraud was extended until 30 June 2022

The Council of the European Union adopted, on the 24th of September 2018, the prolongation of the period for the application of the optional reverse charge mechanism for supplies of goods and services susceptible to fraud. The same document approved the Quick Reaction Mechanism against VAT fraud. These two measures will be active until June 30, 2022*, until the envisaged entry into force of the definitive VAT regime.

PwC study shows four out of five executives (84%) surveyed report blockchain initiatives underway

PwC study shows four out of five executives (84%) surveyed report blockchain initiatives underway

The new research from PwC – Blockchain is here. What’s your next move? – surveyed 600 executives in 15 countries and territories, on their development of blockchain and views on its potential. As blockchain rewires business and commerce, the research provides one of the clearest signals yet of organisations’ fear of being left behind as blockchain developments accelerate globally opening up opportunities including reduced cost, greater speed and more transparency and traceability.

PwC Academy launches the first authorised trainings for the new created Data Protection Officer job

PwC Academy launches the first authorised trainings for the new created Data Protection Officer job

PwC Romania together with its correspondent law firm D&B David si Baias have obtained authorisation of the Data Protection Officer (DPO) training course issued by the Labor and Social Justice Ministry and the National Education Ministry. With this certification, PwC Romania becomes authorised entity able to hold certification courses and issue diplomas recognised at national level for the Data Protection Officer position.

Are Real Estate CEOs missing out on the technology opportunity?

Are Real Estate CEOs missing out on the technology opportunity?

In its 21 st annual survey of CEOs from around the world PwC found that technology does not top the agenda for real estate CEOs either as a threat or an opportunity. Only 17% of real estate CEOs cite cyber threats as a danger to their growth prospects, compared with 40% of all CEOs who took part in the survey. While even fewer, only 10% of real estate CEOs, view the speed of technological change as a threat to their organisations compared with 38% of all CEOs.

Convergence, connections and trust are key factors now in the global entertainment & media market

Convergence, connections and trust are key factors now in the global entertainment & media market

According to PwC’s Global Entertainment & Media Outlook 2018-2022 (Outlook), the ongoing rapid evolution of the industry has entered a dynamic new phase. Amid growth that is broad-based and consistent – but unevenly distributed – three imperatives are affecting every company in the industry: convergence, connecting with consumers and the need to build trust. “Convergence 3.0” is redefining the competitive playing field. As this wave of change plays out, the borders that once separated the entertainment and media, technology and telecom industries are dissolving. Large Internet access providers and delivery platforms are integrating vertically, and online giants are expanding horizontally into content. Traditional segment distinctions are blurring – between print and digital, video games and sports, wireless and fixed access, cable and online, social and traditional media.

42% dintre companiile din Romania au raportat ca au fost victimele criminalitatii economice in ultimii doi ani

42% dintre companiile din Romania au raportat ca au fost victimele criminalitatii economice in ultimii doi ani

Potrivit editiei de anul acesta a raportului PwC Global Economic Crime and Fraud Survey, 42% dintre organizatiile din Romania au raportat ca au fost victimele criminalitatii economice in ultimii doi ani, un nivel usor mai mic decat cel raportat la nivel global (49%), sau regional (47%). Cu toate acestea, nu toate companiile sunt pe deplin constiente de riscurile de frauda cu care se confrunta, sau de consecintele acestora, cum ar fi impactul financiar, prejudicierea reputatiei si raspunderea penala, individuala sau la nivel de companie.

42% of Romanian companies reported to have been the victims of economic crime in the past two years

42% of Romanian companies reported to have been the victims of economic crime in the past two years

According to this year’s edition of PwC’ Global Economic Crime and Fraud Survey, 42% of Romanian organisations reported to have been the victims of fraud or economic crime in the past two years, slightly lower than the global (49%) and Eastern European (47%) reported rates. However, not all companies are fully aware of the fraud risks they face and related consequences such as financial impact, reputational damages or personal and company liability.

IPOs launched in the second semester of 2017 have improved the valuation of the main indices of the Bucharest Stock Exchange

IPOs launched in the second semester of 2017 have improved the valuation of the main indices of the Bucharest Stock Exchange

Companies listed on the Bucharest Stock Exchange (BSE) operating in the oil and gas and materials sectors were the most resilient to the fluctuations of the economic cycles between 2007 and 2017, and have conserved best the value of the investments, according to a PwC Romania analysis. The most sensitive to the economic cycles, over the past 10 years, were the companies in the consumer, healthcare and financial services sectors. The survey titled Valuation multiples in the context of Bucharest Stock Exchange and local M&A market was developed by the Valuation and Economic Analysis team within PwC Romania and uses financial data and classification of the companies based on the S&P Capital IQ information.

ULI / PwC Report: Amidst a late-cycle property market and evolving business  models, the global real estate industry remains strong

ULI / PwC Report: Amidst a late-cycle property market and evolving business models, the global real estate industry remains strong

Despite being late in its cycle, the global real estate market is benefiting from strong returns for investors and a positive global economic outlook, according to Emerging Trends in Real Estate ® – The Global Outlook for 2018, an annual forecast of global real estate investor sentiment published jointly by PwC and the Urban Land Institute (ULI). The report notes that in this highly competitive, late-cycle property market, the real estate industry must embrace technology, new business models, and the concept of “space as a service”.

PwC Romania launches the recruitment process for juniors

PwC Romania launches the recruitment process for juniors

PwC Romania launches the junior recruitment campaign (students, fresh graduates and professionals with 1-2 years of experience) for the Bucharest, Cluj-Napoca, Timișoara, Iași and Chișinău offices. The approximately 150 new colleagues will join, as of autumn, our audit and tax departments. The recruitment process is comprised of simple steps that come to meet the flexible communication style of the young generation. It all starts on pwc.com/beagamechanger where candidates will choose their appropriate level of competencies and follow the steps described on the platform.

CEO Survey results in Romania and CEE

CEO Survey results in Romania and CEE

Romanian CEOs are very confident about the growth perspectives of the global economy in 2018. Nearly half of the executives interviewed say that the global economy growth will accelerate. The situation is slightly similar in Central and Eastern Europe, 45% of the regional executives say that the global economy is going to have a positive development this year. This is one of the key findings of the eight edition of the CEO Survey for Romania and Central and Eastern Europe.


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PwC Romania strengtens its technology consulting capabilities by creating a SAP specialized team

PwC Romania strengtens its technology consulting capabilities by creating a SAP specialized team

PwC România anunţă extinderea ariei de servicii de consultanță de management prin crearea unei echipe dedicate serviciilor de consultanță în zona tehnologiei SAP, echipă ce va livra proiecte atât pe plan local cât și pentru clienții din Europa de Vest. Radu Bădiceanu, consultant de tehnologie cu peste 10 ani de experiență în implementarea sistemelor SAP, recrutat ca lider al acestei echipe PwC.

PwC recruited a new Director in BRS, Cristian Gavrila

PwC recruited a new Director in BRS, Cristian Gavrila

PwC Romania strengthens its business recovery services (BRS) team with the recruitment of Cristian Gavril, who has joined as a Director. “With Cristian Gavril joining our practice, I am confident that PwC has one of the best and most seasoned insolvency and restructuring practices in Romania. Over the past year we have grown rapidly, winning a number of new insolvency and restructuring mandates. We are further investing in this area to support our strong pipeline of work and ensure we are best placed to meet our ongoing clients’ needs”, stated Edward Macnamara, Advisory Leader, PwC Romania.

Salariile din mediul privat au crescut în medie cu 5,1% în 2017, potrivit studiului salarial şi de beneficii PayWell România 2017 realizat de PwC

Salariile din mediul privat au crescut în medie cu 5,1% în 2017, potrivit studiului salarial şi de beneficii PayWell România 2017 realizat de PwC

Salariile din mediul privat au crescut în medie cu 5,1% în acest an, arată datele ediţiei din acest an a studiului salarial şi de beneficii PayWell România, realizat de PwC România, pe un eșantion de aproximativ 100 de companii private, din sectoarele financiar-bancar, farmaceutic, industrial, retail și hotelier. Pe categorii de angajaţi, cea mai mică majorare a fost consemnată la nivelul top managementului, iar cea mai mare la nivelul personalului necalificat.

Encouraging voluntary tax compliance, a solution to increase budget revenues on the short term

Encouraging voluntary tax compliance, a solution to increase budget revenues on the short term

Encouraging voluntary tax compliance of the tax payers could be one of the solutions to increase budget revenues for Romania. This is one of the conclusions of the PwC conference – “The change of the taxation paradigm in Romania”, that took place in Bucharest today. The new proposal to change the taxation system for individuals and the introduction of the household taxation was also broadly discussed.

PwC Romania launches the recruitment app HireVue in order to facilitate the recruitment process for junior positions within the firm

PwC Romania launches the recruitment app HireVue in order to facilitate the recruitment process for junior positions within the firm

“The young generation is hyper-connected and mobile, engaged in so many projects, and by launching this innovate online application we are trying to meet their need for simplification of the recruitment process. Also, we are trying to promote a gamified approach for the whole selection process and to undertake as many of the recruitment steps online, including the hiring interviews”, stated Ionuţ Simion, Country Managing Partner, PwC Romania.

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