Coface CEE Top 500 Ranking
This year’s study of the “Coface CEE Top 500” presents an even more heterogeneous picture of the countries in Central and Eastern Europe, each of which experienced and dealt with the impact of the crisis in the Eurozone in different ways.
The CEE Top 500 lists the 500 biggest companies in the region in terms of turnover. The flagships in CEE increased their turnover by 5% in 2012. The more difficult economic environment is reflected in the development of net profit. Only six out of the analysed 18 sectors increased their net profit. Transport and food are among them, with an increase of 119% and 22% respectively. The sharpest loss in numbers was faced by the oil and gas, energy supply and mining sectors, but in relation to last year, construction is the biggest loser, down 129%. This underlines that the region was and still is affected by the economic situation in Europe.
Despite this, the CEE Top 500 companies remain an important driving force in terms of employment. They employ 4% of the total workforce in the region. Employment trends vary between countries and sectors. Unemployment rates exploded in most CEE countries during the crisis. In some countries, like those in the Baltic region, there is evidence of a turnaround. The CEE Top 500 increased staff by 1.5% in 2012. This is only a small increase, but may point in the right direction.