ROMANIA WITH 59 REPRESENTATIVES IN THE SEE TOP 100 RANKING, UP FROM 55 A YEAR EARLIER
For the tenth consecutive year, SeeNews (www.seenews.com), the business information and market research provider for Southeast Europe, is issuing their annual ranking of the top 100 companies based on their overall revenue for 2016, the 100 largest banks based on their overall number of assets as well as the 100 largest insurance companies as per their gross written premiums from the region of SEE, namely: Albania, Bosnia and Herzegovina, Bulgaria, Kosovo, Macedonia, Moldova, Montenegro, Romania, Slovenia, Serbia and Croatia. Apart from the flagship ranking of the largest non-financial companies by total revenue, the latest edition of SeeNews SEE TOP 100 (www.top100.seenews.com) features sub-rankings of the most profitable and the most dynamic companies, the biggest loss-makers, the most successful industries and the companies with the biggest revenue per capita – both for 2016 and for the past decade. These are complemented by interviews with the sector leaders and analyses of the fastest growing industries contributed by industry experts.
Growing domestic demand amid historically low inflation and a pick-up in private investment and employment continued to drive economic growth in Southeast Europe (SEE) in 2016. Economic tailwinds benefited most retailers and car makers – the two industries most sensitive to changes in disposable income and consumer sentiment. At the same time oil and gas majors, which traditionally dominate the ranking of the biggest companies in the region, continued to suffer losses, impacting the aggregate revenue of the SEE TOP 100 entrants. The combined net profit of the 100 biggest companies, however, rose by a hefty 39% as compared to the profit of the prior-year entrants.
Companies from Romania, the region’s biggest and best performing economy, dominated all the rankings. Romania has 59 representatives in the SEE TOP 100 ranking, up from 55 a year earlier.
The biggest company in SEE in terms of total revenue was also Romanian – car maker Automobile Dacia, a unit of Groupe Renault. The company raised its revenue by 8% to 4.619 billion euro and increased its net profit to 100.5 million euro from 99 million euro in 2015.
A Romanian lender, Banca Comerciala Romana SA, topped the TOP 100 Banks ranking.
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For more than 15 years SeeNews.com is a market leader in business intelligence solutions for Southeast Europe, assisting successfully experts in key industries for the region such as banking, insurance, energy, telecommunications, automobiles, pharmacy and construction in taking strategic business and investment decisions. The company’s clients include IBM, Uniqa, Wolftheiss, HypoNoe
Group, the Thessaloniki Stock Exchange, Reuters, Dow Jones, Lexis Nexis, and Buraeu van Dijk, among others.
The full content of the tenth edition of SeeNewsTOP 100 SEE is available at: www.top100.seenews.com