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Slovenia Business Week no. 10: Mercator No. 45 in Central Europe

Three other Slovenian companies made it into the top 101: fuel trader Petrol is 52nd (EUR 1.5b), home appliance group Gorenje 97th (EUR 894m) and car maker Revoz 99th

With revenues of EUR 10b in 2004, Polish oil company Naftwy Orlen tops a list of the 101 biggest companies in Central Europe published on Tuesday, 28 February by the Slovenian business daily Finance. Retailer Mercator is the highest-ranked Slovenian company, with revenues of EUR 1.6b placing it in 45th position.  

Naftwy Orlen is followed by the Hungarian oil company MOL (EUR 8b), Czech car-maker Skoda Auto (EUR 5b) and the Ukrainian oil and gas company Naftogaz (EUR 4.9b).

Three other Slovenian companies made it into the top 101: fuel trader Petrol is 52nd (EUR 1.5b), home appliance group Gorenje 97th (EUR 894m) and car maker Revoz 99th.

The original list encompasses 325 companies from 13 countries which in 2004 together generated revenues of EUR 261.7bn, recording a total profit of EUR 18.6bn. A total of 2.3m workers were employed by these companies.

The average annual growth in revenues over 2003 was at 21% - the highest in Poland (41%), followed by Romania (40%) and Ukraine (35.7%). In terms of growth, Slovenian companies did not do to well, recording a 12% increase and only surpassing Croatia and Serbia-Montenegro.

Slovenia is also far behind when it comes to profits. While Slovak and Ukrainian companies are the most profitable, Slovenia is only ranked 12th among 13 countries.

Source: Slovene Press Agency STA

Author: STA