This is based on financial statements, prepared in accordance with International Financial Reporting Standards and includes operations of the KPMG entities in Romania and the Republic of Moldova.

“In the last financial year we have also opened new offices in Constanta and Iasi, following on from opening our Cluj office in 2007. Broken down by function, our turnover is 58% audit, 22% Tax and 20% Advisory.” said Serban Toader, Senior Partner of KPMG in Romania.

Since 1994, KPMG in Romania has grown both in terms of locations, and in terms of professional staff. In 1994 the company had 10 employees. Today, 15 years later, KPMG operates from six offices; in Bucharest, Timisoara, Constanta, Iasi, Cluj and Chisinau.