Southeastern Europe Hot 100
Slovenia and Croatia in a head to head race for regional leadership
In our ranking, Southeastern Europe consists of 9 countries with more than 50 million inhabitants and an aggregated GDP of more than EUR 262 billion. These numbers make it a major player in Central and Eastern Europe and a large, fast moving market to do business in.
The oil and gas sector leads the list, with its six companies being the biggest six companies in the region. Croatia's integrated oil and gas company, INA, is the largest, with net sales revenues of EUR 4.7 billion in 2007. Companies in the region have already achieved significant size, with twenty-two companies having net sales revenues of over EUR 1 billion. However, there is still a sharp contrast in size, indicating the considerable room for growth and consolidation that has yet to take place in the region. This is illustrated by the fact that the region's 100th company by size has a net sales revenue of just EUR 239 million.
Looking at the countries in lead, we notice that Slovenia, as one of the smallest country by inhabitants, is leading the list with 24 companies within the Southeastern European top 100 companies. It is closely followed by Croatia with 22 companies. Slovenia is in a head to head race with Romania (15 companies within the top 100) concerning the share of net sales revenue: Slovenian companies have an aggregated net sales revenues of EUR 14.9 bn while Romania is leading the ranking with an aggregated EUR 15.2 bn. Croatia is on third place with an aggregated net sales revenue of EUR 13.7 bn. Romania thus has on average the biggest companies in the ranking. Bulgaria has 15 companies in the top 100. Serbia is also playing in the league with Romania and Bulgaria with 15 companies in the ranking but with a significantly higher share of net sales revenue than Bulgaria (EUR 18.2 bn vs. EUR 14.8 bn). The other countries – Bosnia and Herzegovina, Macedonia, Moldova and Montenegro have in sum 9 companies in the top 100 and account for a minor share in overall net sales revenue with overall EUR 2.9 bn.
Looking at the industrial branches, we see that the Electricity, gas steam and hot water supply industry is leading by number of companies with 19 companies within the top 100. By share of net sales revenues however, the manufacture of coke and refined petroleum products is leading with 23.9 % of the total share, comprising only 8 companies in the region.
It will be interesting to see the development over the next year as we identify the fastest-moving companies, industries and countries. It is an open race with a lot of room for economic development and space for companies to develop regional leadership in their industries.
In our ranking, Southeastern Europe consists of 9 countries with more than 50 million inhabitants and an aggregated GDP of more than EUR 262 billion. These numbers make it a major player in Central and Eastern Europe and a large, fast moving market to do business in.
The oil and gas sector leads the list, with its six companies being the biggest six companies in the region. Croatia's integrated oil and gas company, INA, is the largest, with net sales revenues of EUR 4.7 billion in 2007. Companies in the region have already achieved significant size, with twenty-two companies having net sales revenues of over EUR 1 billion. However, there is still a sharp contrast in size, indicating the considerable room for growth and consolidation that has yet to take place in the region. This is illustrated by the fact that the region's 100th company by size has a net sales revenue of just EUR 239 million.
Looking at the countries in lead, we notice that Slovenia, as one of the smallest country by inhabitants, is leading the list with 24 companies within the Southeastern European top 100 companies. It is closely followed by Croatia with 22 companies. Slovenia is in a head to head race with Romania (15 companies within the top 100) concerning the share of net sales revenue: Slovenian companies have an aggregated net sales revenues of EUR 14.9 bn while Romania is leading the ranking with an aggregated EUR 15.2 bn. Croatia is on third place with an aggregated net sales revenue of EUR 13.7 bn. Romania thus has on average the biggest companies in the ranking. Bulgaria has 15 companies in the top 100. Serbia is also playing in the league with Romania and Bulgaria with 15 companies in the ranking but with a significantly higher share of net sales revenue than Bulgaria (EUR 18.2 bn vs. EUR 14.8 bn). The other countries – Bosnia and Herzegovina, Macedonia, Moldova and Montenegro have in sum 9 companies in the top 100 and account for a minor share in overall net sales revenue with overall EUR 2.9 bn.
Looking at the industrial branches, we see that the Electricity, gas steam and hot water supply industry is leading by number of companies with 19 companies within the top 100. By share of net sales revenues however, the manufacture of coke and refined petroleum products is leading with 23.9 % of the total share, comprising only 8 companies in the region.
It will be interesting to see the development over the next year as we identify the fastest-moving companies, industries and countries. It is an open race with a lot of room for economic development and space for companies to develop regional leadership in their industries.
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