Austria’s TPA Horwath Opens Bulgarian Office, Plans to Enter Serbia in 2009

“We hope to be in Ukraine in the beginning of next year and in Serbia by the end of next year, these are our plans. […] As long as we have a good partner we'll be there,” Klaus Bauer-Mitterlehner, a managing partner at TPA Horwath, told SeeNews on the sidelines of a news conference marking the inauguration of the company’s Bulgarian office.

“Our client base is very much dominated by German speaking companies. Besides we have a lot of international clients from UK, U.S. and we have realised that […] this is from our perspective the perfect time to follow our clients to Bulgaria,” Bauer-Mitterlehner told the news conference.

TPA Horwath is entering Bulgaria through a joint venture with local financial advisory and management-consulting firm ICM Group in which the Austrian company holds a 70% stake.

In southeastern Europe TPA Horwath has offices also in Croatia, Romania and Slovenia.

TPA Horwath is part of Horwath International, a global association of independent professional practices of public accountants, auditors and management consultants.