Romania retains 5th position in Deloitte Central Europe Top 500

Romania has maintained the fifth position in the 2014 Deloitte Central Europe Top 500, which ranks companies in Central and Eastern Europe, with 42 companies, seven more than in the previous edition of the ranking.

Also the country has 16 companies which improved their rankings in this year’s edition and nine new entries while 29 local companies reported increased revenues as compared to 14 in 2012. The biggest rise up (258 positions) was recorded by Ford Romania which jumped to 170th place.

The 42 companies included posted total revenues of EUR 43 billion, up 10.2 percent year on year.

‟The latest Deloitte CE Top 500 report confirms the economic growth Romania has registered but with the increasingly uncertain geopolitical situation that leaves little room for optimism, companies will have to continue to reinvent themselves through innovation in order to continue on their path to growth,” said Ahmed Hassan, Managing Partner Deloitte Romania.

“They are all encouraging signs and proof of the continuous growing capacity of Romania, whose economic performance has not yet matched its potential in size and population,” added George Mucibabici, Chairman&Public Sector Leader Deloitte.

Just like the previous year, Energy&Resources has remained the industry which contributed most to the country’s ranking with total revenues of 19.1 billion Euro followed by Consumer Business and Transportation with 12.1 billion Euro, Manufacturing with 8.1 billion Euro and Technology, Media and Telecommunication with 2.3 billion Euro.

“Energy remains an exciting but challenging sector for most CE economies including Romania”, said Farrukh Khan, Audit Partner and Leader of CE Energy & Resources Industry Group in Deloitte. “While it is challenging in the medium term, the long-term outlook points towards increased but focused investment activity in the Energy sector. The role of policy makers is essential, particularly in ensuring a balance between the need to attract investment to the sector, address decarbonisation requirements, meet efficiency targets and ensure affordability.”

Some changes in the ranking of the Top 10 Romanian companies have occurred though. While OMV Petrom secured its first place, Automobile Dacia has replaced Rompetrol Rafinare on the second. Kaufland came fourth while Renault which last year ranked 8th has left Top 500. Ford Romania occupies 9th place among Top 10 Romanian companies and was the company with the most spectacular rise up. New entrants came mostly from retail and automotive industry.

The ranking of the largest banks and insurance firms shows the same number as the year before: six banks and four insurance companies. With assets totaling 51.1 billion Euro, the sector registered a slight decrease from a 52.1 billion Euro the year before. Raiffeisen Bank and Banca Transilvania registered the biggest growth but Banca Comerciala Romana secured its first place.