Romanian companies in the top 500 of the largest companies in Central Europe

A report by Deloitte consulting firm presented by Mediafax shows that Romania rates fifth country in Central Europe by the number of companies represented in the top 500 largest companies. According to the report, the country has 35 companies whose cumulative total revenues reached nearly 39 billion euros.

In 2011, Romania had 37 companies rated, whose revenues totaled 39.6 billion Euros

OMV Petrom is the best placed company in the rankings , holding 18th place in the region, down from 16 in 2011.

Next place on the list is Rompetrol Rafinarie rated 41 compared to 42 in 2010, followed by Automobile Dacia (45 vs. 41) and Petrotel Lukoil (111 to 118).

The top also ranks BAT Romania (118), Kaufland Romania (121), Lukoil Romania (135) Renault Industrie Roumanie (153), ArcelorMittal Galati (155) and E.On Energy (164).

Out of the 35 Romanian companies rated in the top, 14 climbed, 10 declined and five of them are first entries in the top 500 largest companies in Central Europe.

Companies that entered the top 500 are Electrica (205), Ford Romania (428), Dedeman (441) Samsung Electronics (451) and CE Oltenia (484).

The following companies are out of the top, namely: Michelin, Electrocentrale Bucureşti, Cargill, CFR Călători şi Asirom.

"The year 2012 was a tough year, both for Romania and Central Europe. Nevertheless, Romania maintained its place in the rankings, despite the smaller number of companies. 14 companies climbed in the rankings this year, two of them having a rise of 74 and 70 positions. Moreover, we have 5 companies new entries, compared to only 4 in 2012 that carry on their activities in different areas. Finally, many local companies have registered remarkable performances last year, although business environment remains uncertain, "said Ahmed Hassan, managing partner of Deloitte Romania.

"Although the Euro zone is recovering slowly, companies must be caution because the crisis is not over yet. Western Europe is the first region to register positive growth rates, but they are still weak and insufficiently supported by Central and Southern Europe. Doing business remains vulnerable due to a weak banking system, high unemployment and social and political unrest", said George Mucibabici, Chairman of Deloitte Romania.

The report outlines for the first time the composition of the Management Boards in regional companies. In Romania, women and foreign managers represent 17.1% and 35.5% respectively of the total membership of the Boards, a percentage significantly higher than the average regional level (12.2% and 23.8%).