PwC Central and Eastern Europe (CEE) announced on Tuesday that it will invest 6 million USD in the ext 2 years to develop services devoted to environment, sustainability and governance policies in the 29 states in the area, Romania included and will set up an excellence center to council customers about strategy and report in the field. The announcement was made on the occasion of the regional launch of a new global strategy “The New Equation”, based on four pillars: ESG, upskilling, people and reducing carbon emissions. At the same time, PwC CEE will continue investments in consolidating services for customers: extensive audit, digital transformation, preventing financial crime. Cloud computing, robotics and automation. “Under the pressure of regulations, investors and society, the business environment should prove it can create long term value by managing ESG problems. In this context, companies will make the transition to efficient, responsible and transparent operation ways, which need transformation, demands for conformation, report and implementation of adequate technologies”, said Dinu Bumbacea, country managing partner PwC Romania and Moldova. PwC CEE has in view the extension of pro bono work in the whole area to improve digital competences of children and needy communities. The company already has an education program initiated by Romania in the field of cyber security in five countries in the region, which will be extended to other areas. The company will allocate over 10 million dollars to develop employees and the implementation of Flexible Friday. Considering the changing tendency of labor force and the impact of pandemic on employees, PwC CEE has officially implemented a hybrid work polocy in the area, expectations being that 40-60% of work time should be remote for a long time.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
