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Press release

UHY International welcomes new member in Romania

Bucharest, January 16th 2008. At its first international board meeting held in an ‘emerging’ EU country, the international accounting network UHY officially welcomed Audit CD S.r.l. as its new member firm in Romania. With a presence in more than 66 countries and 198 offices around the world, UHY is one of the Top 25 international audit and consultancy networks.

“Romania is an important foothold in the emerging markets in Europe. EU Accession, a favorable investment climate, and a competitive fiscal policy make Romania an attractive country for foreign investments, and many companies outside the country see Romania as a strategic hub for their businesses in this part of the world,” John Wolfgang, Chairman UHY International, said.

“Having a Romanian member firm significantly strengthens our network. Despite the current uncertainly in world markets, we are confident in the potential growth and stability of the Romanian economy, which still offers a lot of investment opportunities that need to be developed,” John Wolfgang added.

Camelia Dobre, Managing Partner for UHY Audit CD S.r.l., said:
"Becoming a part of UHY International not only enables us to reach overseas clients who need our local expertise, it scales up the service we can offer to Romanian clients. The quality-control structures in place at UHY also act as a guarantee of our international professional standards in audit and consultancy.”

She explained that the key motivating factor in joining an international network was to meet the needs of middle sized companies looking to develop their business internationally, in a very competitive environment.

“We aim to become one of the Top 3 audit, accounting and consultancy practices for small and middle sized companies in Romania” Mrs. Dobre added.

Audit CD offers audit and assurance services, business solutions and taxation advice. The firm’s clients are Romanian fast-growing middle-sized companies in the real estate and construction, energy, agriculture and financial sectors. For 2008, UHY Audit CD S.r.l. is expecting a turnover growth of 50%, maintaining the same percentage for 2009.

UHY International has 106 member firms and operates with more than 6300 consultants worldwide and registered US 614 million turnover for 2007.
UHY International board members from Australia, North America and other parts of Europe attended the Bucharest international board meeting on 16 January 2007.

For further information please go to www.uhy.com.

About UHY International

UHY is an international association of independent accounting and consulting firms, whose organising body is Urbach Hacker Young International Limited, a UK company. Each member of UHY is a separate and independent firm. Services to clients are provided by the UHY members firms and not by Urbach Hacker Young International Limited. Neither Urbach Hacker Young International Limited nor any member of UHY has any liability for services provided by other members.

About UHY Romania

UHY Audit CD was established in 2002 as an independent accounting and consultancy firm. Camelia Dobre is Managing Partner and has more than 15 years financial experience in audit and assurance and tax consultancy. UHY Audit CD is a member of the Romanian Audit Chamber, CECCAR and of the Fiscal Consultants Chamber.

Since 2007 UHY Audit CD, has been the exclusive Urbach Hacker Young Partner in Romania.

EuroABOUT US

We have the necessary experience to anticipate any problems regarding taxes and accounting and to see opportunities coming. More about us

WHY ARE WE DIFFERENT

As exclusive members of UHY in Romania, we offer complete solutions to your problems, at the highest standards. Read more