Deloitte kick-starts the campaign for 7th edition of the Central European Top 500

Cristina Blanaru Business

Deloitte kick-starts the campaign for 7th edition of the Central European Top 500, with the final report to be launched on September 3rd.  Top 500 Central Europe is a prestigious ranking of the largest 500 companies in the region, based on revenues from sales reported for the previous year, as well as the 50 largest banks (by assets) and 50 insurance firms (by gross written premiums). During the following two months, Deloitte professionals will be collecting data from leading companies from various industries, top banks and insurance firms in 18 countries, Romania included.

According to the 2012 report, based on financial data released at the end of 2011, Romania ranked 5th within the region with 37 companies whose combined revenues amounted to almost 39.6 billion Euro (up 5.62% yoy).

The largest Romanian companies’ ranking is still dominated by the Energy & Resources industry, with 13 companies, followed by Consumer Business and Transportation (11), Manufacturing (7), Technology, Media and Telecommunication (5) and Life Sciences and Healthcare (1).

In two separate rankings of the largest 50 banks and insurance firms respectively, Romania was represented by five banks and five insurance companies.

Ahmed Hassan_Managing Partner Deloitte

“At that point, we observed that over 86% of Romanian ranked companies reported increased revenues; similarly, the combined regional revenues exceeded 707.4 billion Euro, returning to pre-crisis levels,” Ahmed Hassan, Managing Partner Deloitte Romania said. “However, fears for a new economic slowdown rose when looking at financial data for the first quarter of 2012. Last year was challenging for both local and international markets. We cannot speculate as to how this year’s results will look like, but the new ranking will definitely reflect the dynamics of the regional economy and trends we may expect in the medium term.”

Results of this year’s Deloitte’s CE Top 500 will be announced on September 3, 2013, following the official launch in the opening of the Economic Forum in Krynica, Poland. The report will also include commentaries, business perspectives and insights of business leaders from across the region. The previous edition of the report is available online.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.  Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte’s 200,000 professionals are committed to becoming the standard of excellence.