Romania is located at the crossroads of Central and Southeastern Europe, bordering the Black Sea between Bulgaria and Ukraine. The capital and largest city is Bucharest. The official language is Romanian, and the currency is the Romanian leu (RON).
Romania has been a member of the European Union (EU) since 2007, and the European Union is Romania's most important trading partner.
According to the information published by the National Bank of Romania (BNR), non-residents' direct investment in Romania totalled 2,322 million euros (EUR) (compared with EUR 1,783 million in January through June 2018), of which equity (including estimated net reinvestment of earnings) amounted to EUR 1,762 million and inter-company lending recorded a net value of EUR 560 million.
PwC has been present in the Romanian market since 1991 and has developed a broad range of services that we continue to expand. With our in-depth knowledge of Romania’s business environment, PwC provides the highest level of professional services to international and Romanian enterprises. Overseen by 16 partners and employing over 500 specialists and support staff, PwC operates in Romania and Moldova from a network of five offices in Bucharest, Timisoara, Cluj-Napoca, Constanta, and Chisinau, all focused on one thing: providing premium integrated assurance, tax, and advisory services to our clients.