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Coface: Romania ranks 4th, with 65 companies in Top 500 large companies in Eastern Europe

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Automobile Dacia, OMV Petrom Marketing and OMV Petrom are the Romanian companies on the highest positions among the ones listed in the Top 500 Companies in Central and Eastern Europe (13th, 22nd and 31st positions respectively), presented on Wednesday by Coface and based on the turnover criterion, romaniajournal.ro reads.

In the top rank first PKN Orlen (Poland), Skoda and MOL (Hungary), and the countries with most companies in the rankings are Poland (168), Hungary (75) and Czech Republic (71). Romania ranks fourth, with 65 companies.

Eight Romanian companies entered the top 500 companies by turnover in 2017, and Fildas Trading, the drug distributor is positioned directly on the 355th position, as in 2016 the distributor increased its turnover by nearly 45% against the previous year, on account of settlements for drug treatment used to treat hepatitis C, up to EUR 539 million.

After Fildas, the energy group Tinmar Energy is the second new company in top 366, followed by Hella Romania, one of the largest auto parts manufacturers on the local market, ranked 373rd.

“The average turnover of Romanian companies (EUR 891 million) is still under most of the Central and Eastern European countries, but it recorded the highest growth rate of 6.5% in 2016. Romania grows, as development of the companies, but is still below the potential of the domestic economy and below the potential GDP, although it records the highest growth of this indicator in the region,” Eugen Anicescu, country manager of Coface Romania, said.

The authors of the survey show that 4.5% of the workforce in the region is employed by these 500 companies, in Romania the level is 2.8% of the labour force.

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