The leader of the consultancy and audit market in Romania,PricewaterhouseCoopers (PwC) ended the July 2008-June 2009financial year with a 43.9 million-euro turnover, up 7%, eventhough the consultancy market went through its first year ofdecline in 2009 after a long time of growth, says Vasile Iuga,country managing partner of PwC.
He says the business performance was "good", considering thedifficult market conditions of last year.
"The consultancy market went through its first year of declinein 2009 after quite a long time of fast-paced growth. This wasmainly because of the decline of the real estate sector and of thesignificant drop in the number of mergers and acquisitions," Iugatold ZF.
Iuga believes 2010 could be yet another difficult year for thereal estate sector, with very few transactions, also small inscope. He anticipates stagnation or even decline for the overallconsultancy market as a result of a difficult economic climate.
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