PWC Moldova is extending its range of services on the Moldovan market
PwC, part of the largest professional services firm in the world, is expanding its range of services on the Moldovan market, focusing on the provision of management consulting services to both the private and public sectors.
"Both private companies and public authorities in Moldova are maturing rapidly as the country becomes ever more firmly oriented towards both the European Union and the strengthening its market economy. Therefore, PwC took the logical decision to expand its presence in Moldova by introducing management consulting services that can help both the private and public sectors in improvement and optimizing processes and structures, implementing better financial planning, extending their market reach through mergers and acquisitions, and implementing new growth strategies, tailored to the current economic climate ", said Dinu Bumbacea, Partner, Leader of the PwC Consulting Department in Romania and Moldova.
“Just three years after the depths of the worst economic crisis in 75 years, CEOs have a renewed optimism. Last year they have set their targets on more immediate growth, in particular, by growing revenues in regions where recoveries are strong and the promise stronger still", said Dinu Bumbacea.
Dinu Bumbacea also stressed both that the IMF forecasts a sharp recovery of the Moldovan economy and the current optimistic macroeconomic forecasts. In addition he mentioned that, Moldova, being an emerging economy, has as competitive advantage due to both its proximity to Eastern markets, including Russia, and the EU market.
Moldova is also currently receiving a great deal of attention from the donors’ community and they are channelling significant financial resources to the country to ensure consistent implementation of reforms. The future process of European integration will require yet more resources in order to align the country with European standards.
The range of new services that PwC will provide the Republic of Moldova addresses both the private and public sectors, and are grouped into three main categories:
Transactions Services
Transaction Services refers to assistance with and executing all types of financial transactions, providing advice in mergers and acquisitions, privatizations, financial and operational due diligence, value advisory and business valuation services, including real estate and asset valuation, feasibility studies and business plans, market analysis, project finance (including Public-Private Partnership schemes), finance raising and post-deal services.
PwC provides a full range of services to guide clients through complex business transactions, and supports companies through every aspect of a transaction, from identifying the appropriate acquisition or divestiture candidates to assisting with deal structuring and capital sourcing. A wide range of privatisation services including lead advisory, target identification, company profiles, analysis of privatisation options, and transaction support are available, as well as assistance and support for companies seeking new capital, or companies involved in an acquisition, divestiture, restructuring or shareholder buyout. Services in relation to transactions, such as identification and evaluation of a transaction through due diligence, structuring services, market analysis and post-deal services are provided.
Crisis Management
Crisis Management services refer to corporate recovery and turnaround, optimised exits, insolvency/liquidation, as well as dispute analysis and investigations. PwC was the first Big Four consulting firm in the region to develop a dedicated team of professionals specialised in business recovery and insolvency. It advises on and implements a complete range of solutions for business recovery situations, corporate bankruptcy and implementation of large-scale turnarounds for underperforming corporations. The practice has extensive experience in the management of underperforming loan portfolios, as well as in divestment of the underperforming assets of a business (optimised exits) in order to extract or preserve the optimum value for shareholders.
Dispute analysis and investigations involves corporate investigations, fraud risk management, background research of entities, computer forensics and cyber crime investigations, as well as investigations on insolvency and bankruptcy, together with intellectual property.
Performance Improvement
Performance Improvement services are dedicated to helping clients improve their financial and operational performance. The assistance we provide is targeted at strengthening management control, increasing operational effectiveness and thereby increasing shareholder value. The vast experience of the PwC global network, and Central and Eastern Europe will enable us to provide clients in Moldova with services connected with improving strategic and operational planning, management, finance and accounting, technology, risks and compliance, and other areas.
About PwC:
PwC firms provide industry-focused assurance, tax and advisory services to enhance value for their clients. More than 161,000 people in 154 countries in firms across the PwC network share their thinking, experience and solutions to develop fresh perspectives and practical advice. See pwc.com for more information.
"PwC" is the brand under which member firms of PricewaterhouseCoopers International Limited (PwCIL) operate and provide services. Together, these firms form the PwC network. Each firm in the network is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the exercise of their professional judgment or bind them in any way.
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