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.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
