• Type: Press release
  • Date: 11/19/2012

KPMG in Romania: Stable business in uncertain times 

KPMG in Romania has announced a turnover of Euro 35.2 million for the financial year ended 30 September 2012, a slight increase compared to the previous year. These results are based on financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and cover the operations of KPMG in both Romania and the Republic of Moldova.

This evolution of the turnover consolidates the positive trend of the last few years, which the firm has enjoyed in spite of the difficult economic climate. The results for Tax and Legal Services account for 23% of total turnover, while Advisory and Audit Services represent 26% and 51% respectively of total turnover. 

Serban Toader, Senior Partner at KPMG in Romania, comments: “It is a solid performance at a time when the consultancy market in Romania has contracted, and when the economic climate remains uncertain. We have continued to retain and attract the talented people we wanted. Our people have shown strong dedication by being proactive about anticipating trends, readily adapting to new business needs, and developing new services to satisfy the changing needs of our clients.”

Serban Toader concludes: “Our strategy for the following 3 years is ambitious, and it is underpinned by our global and regional resources and over 600 specialists in Romania. The business climate remains tough and we are constantly on the lookout for new efficient ways in which we can help clients to progress, as well as to reduce their inherent risks. We can offer them the comfort they need to manage the stress of these uncertain times and gain greater control over the performance of their companies.”

Media Enquiries

Maria Stancu

Marketing Director