Consequently, Moore Stephens KSC will launch a business consulting department in Romania, the company said in a statement.

Moore Stephens KSC representatives said the plan is to generate sustainable results and operational efficiency, along with improving the performance and transparency of organizations in the region. They also said the portfolio of solutions consists in creating strategies, improving performance, technology, and also targets financial optimization, transformation and change management.

Andreas Vovos was appointed head of the department, holding the position of Director for Romania and Moldova. Vovos’ experience in the professional services industry spans over 17 years, during which time he has worked for companies Big4 and international financial institutions.

As regards the development on segments, the operational consulting places first, with a market share of 32%, followed by financial consulting (25%) and consulting in the IT sector (22%).

Consulting in human resources sector places last, with only 10% market share, while the “high-end” segment is represented by strategy consulting, accounting for 11% of the industry.