PwC, the first consulting firm to open a local office, celebrates 30 years in Romania

This year marks 30 years of PwC Romania activity on the local market. As the first large professional services company to register in Romania after 1989. Ionut Simion, Country Managing Partner, PwC Romania: “PwC laid the foundations of the consulting… Read morePwC, the first consulting firm to open a local office, celebrates 30 years in Romania

Cristian Popescu strengthens Dentons’ M&A practice in Bucharest

Global law firm Dentons has strengthened its Bucharest office with the recruitment of a new Corporate partner, Cristian Popescu. A versatile lawyer with a broad range of professional experience, he will also add to the Firm’s capabilities in intellectual property,… Read moreCristian Popescu strengthens Dentons’ M&A practice in Bucharest

ȚUCA ZBÂRCEA & ASOCIAȚII law firm wins an arbitral dispute worth EUR 5.5 million

An irrevocable ruling handed down by the supreme court in a EUR 5.5 million arbitration ends a nine-year-long dispute whereas Țuca Zbârcea & Asociații represented a private company. The dispute arose from a contract concluded in 2007. Under such contract,… Read moreȚUCA ZBÂRCEA & ASOCIAȚII law firm wins an arbitral dispute worth EUR 5.5 million

Deloitte study: the COVID-19 crisis will accelerate the CEE banking sector consolidation; Romania had one of the largest number of banking transactions in the region

The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to… Read moreDeloitte study: the COVID-19 crisis will accelerate the CEE banking sector consolidation; Romania had one of the largest number of banking transactions in the region

PwC and World Economic Forum report: Investments in upskilling would lead to the creation of 5.3 million net new jobs by 2030

Cumulative investments of governments and companies in upskilling and reskilling initiatives could boost global GDP by USD 6.5 trillion and create 5.3 million net new jobs by 2030, according to ”Upskilling for Shared Prosperity” report, launched at Davos by PwC… Read morePwC and World Economic Forum report: Investments in upskilling would lead to the creation of 5.3 million net new jobs by 2030

Emerging Europe M&A 2020 activity dampened but far from snuffed out

­­• Deal volume in emerging Europe dropped by 12.9% (1,705 deals) and total value by 16% (EUR 60.80bn) in 2020 • Romanian market contraction below region’s average: 4.9% (in volume), 6.9% (value) • The highest Q4 deal value since 2016… Read moreEmerging Europe M&A 2020 activity dampened but far from snuffed out

PwC Report: M&A global activity expected to accelerate in the next six to twelve months due to abundant available capital

Global Mergers & Acquisitions activity is expected to accelerate in the next six to twelve months due to low interest rates, a desire to acquire innovative, digital or technology-enabled businesses, and an abundance of available capital in the market, according… Read morePwC Report: M&A global activity expected to accelerate in the next six to twelve months due to abundant available capital

Deloitte study: a quarter of employees have seen their roles change following the implementation of intelligent automation and a third will need to be retrained

Almost a quarter of employees (23%) worldwide have seen their roles and ways of working change following the implementation of intelligent automation, according to the latest edition of Deloitte  Automation with Intelligence survey, while one in ten already had to… Read moreDeloitte study: a quarter of employees have seen their roles change following the implementation of intelligent automation and a third will need to be retrained