Annually, some 640,000-650,000 companies in Romania submit their financial statements on mfinante.ro within the deadline set by the Finance Ministry.
Carmaker Automobile Dacia strengthened its position of leader in a ranking of largest companies in Romania in 2016, after its turnover rose 8.4% to RON20.7 billion. The top three remained unchanged, with Dacia and two companies within oil group OMV Petrom holding the top three spots.
Kaufland, the biggest retailer in Romania, with a turnover of RON9.6 billion in 2016, has managed for the first time to overtake Rompetrol Rafinare and Rompetrol Downstream, both controlled by KazMunayGaz Group.
In 2016, the minimum threshold for entry in the ranking of 1,000 biggest local companies was RON142 million.
There are twelve companies in the Romanian economy which reported a turnover of over RON5 billion in 2016 and the RON1 billion threshold was exceeded by 130 companies and banks, according to banks’ balance sheets. Five years ago, in 2012, only 100 companies in Romania exceeded RON1 billion and back then, the biggest local company was OMV Petrom SA, with a turnover of RON19.5 billion. Dacia ranked third at the time and no entrepreneurial business managed at the time to break the RON5 billion „barrier”. In 2016, Dedeman Bacau reported a turnover of RON5.2 billion after an increase of 20% in sales. Do-it-yourself retailer Dedeman, controlled by brothers Adrian and Dragos Paval, has been the largest entrepreneurial business in Romania over the last three years.
The companies included in 2008 in a ranking of 1,000 largest companies in Romania reported a cumulated turnover of RON442 billion, therefore, the balance of sales of the biggest local companies amassed an additional RON55 billion during a ten-year period. During this period, the overall turnover rose 28%.