The site of the 500 largest companies in Central and Eastern Europe drawn up by international credit risk insurer Coface includes 36 companies from the Baltic States, three companies less than a year earlier, Coface representatives told LETA.
Among them, eight Latvian companies have entered the top of the region’s largest companies, one more than a year ago, six from Estonia, five less than a year ago, and 22 Lithuanian companies, one more than a year ago.
The top ranking among Latvian companies in the ranking is occupied by chemical wholesaler Uralkali Trading, which is ranked 94. This is followed by information technology products wholesaler “Elko Grupa”, which is ranked 114 , retailer “Rimi Latvia” – at 240th, electricity and commercial production company “Latvenergo” – in 263rd position, retailer “Maxima Latvija” – in 267th position, metal processing company “Severstal Distribution” – 333rd position, wholesaler of products oil “Orlen Latvia” – 448th position, as well as wholesaler of “Uralchem Trading” chemical products, which is 473rd.
Among Lithuanian companies, the top position in the ranking is held by the 16th-ranked business consulting firm and other managers “Vilniaus Prekyba”, and from Estonia – the energy company “Eesti Energia”, which n 227th position.
“In 2019, most companies in the Central and Eastern Europe region have successfully exploited the favorable economic environment, especially for smaller export-oriented economies,” said Mantvids Sttareika, CEO of Coface Baltics.
Last year, the total turnover of companies included in the position of the 500 largest companies in Central and Eastern Europe increased 5.5%, reaching 740 billion euros. Last year, the average turnover of the largest 500 companies increased to 1.48 million euros, compared to 1.396 million euros in 2018.
In the rating, companies are evaluated against the previous year’s turnover indicators, as well as compared to additional analysis factors, including employee numbers and others. Countries included in the site are Bulgaria, Czech Republic, Croatia, Estonia, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia and Hungary.