Deloitte to focus on structural funds

Deloitte, one of the most important players on the local consultancy and financial audit companies registered turnover of €18.3 million in the 2006-2007 fiscal year which ended on 31 May 2007, and a market share of 20 percent, according to company estimates.

Deloitte Romania, local subsidiary of American Deloitte group, registered annual growth exceeding 40 percent, and estimates an increase in turnover of at least 40 percent, to some €25-26 million, with the company’s main activity being auditing services (some 50-55 percent of total services).

The company is also planning to expand outside Bucharest, with two offices scheduled to open next year. Deloitte is the latest member of the Big Four (Deloitte, KPMG, Ernst&Young and PriceWaterhouseCoopers) to open branches in major Romanian cities. PriceWaterhouseCoopers expanded to Cluj-Napoca, Timisoara and Constanta, while Ernst&Young has an office in the city of Cluj-Napoca. KPMG is to open a branch in Cluj-Napoca this week and already has one in Timisoara. (Radu Tanase)