Financial services firm TPA Horwath Romania has reported turnover of EUR 3.7 million in 2012 and a 15 percent increase in sales on the previous year. The company cites a “significant” growth in its local tax practice and the steady development of its German desk as being responsible for the increase in sales.

First quarter 2013 turnover was EUR 900,000, according to TPA Horwath, and the figure suggests an 8 percent turnover increase for 2013 on last year's level. Main drivers for growth in business will be rising interest from foreign investors in entering multiple countries where TPA Horwath Group is active, developments in the renewable energy sector in Romania, as well as increasing trade in its core business; tax, auditing and accounting, according to TPA Horwath Romania.

“The positive financial results and optimist forecast for 2013 come to confirm our company’s stability on the Romanian market ,” said Jan Glas, Managing Partner TPA Horwath Romania, and member of the CEE Steering Committee of the TPA Horwath Group (in picture). He added that last year, the company consolidated its core business and developed its tax practice to meet local demand.

Headquartered in Vienna, Austria, financial consulting firm TPA Horwath operates across Central and South-Eastern Europe with offices in 11 countries: Albania, Austria, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia and Slovenia. TPA Horwath Romania's team now has six partners and 85 professional accountants, auditors, tax and legal advisers at its office in Bucharest. The company is a member of the Crowe Horwath International network, which is among the world’s 10 largest audit and tax advisory groups. TPA Horwath Romania offers a range of financial services, from accounting and audit to tax and legal services.

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