Poland, which delivered the region’s leader, PKN Orlen, dominates the ranking with 167 companies, according to Deloitte analysts. Poland is followed in the ranking by the Czech Republic, with 84 companies, Hungary with 58, Ukraine with 50 and Romania with 37 companies.
Romania has four new entries into the ranking, Interagro, Celestica, Oscar Downstream and Michelin Romania.
The biggest rise among local companies was recorded by E.ON Energie, which climbed 129 positions. E.ON Energie Romania was created last year through the merger of natural gas and electricity suppliers E.ON Gaz Romania and E.ON Moldova Furnizare, with the newly-formed company being one of the largest suppliers of energy and gas in Romania.
Romanian car manufacturer Dacia climbed one position in the ranking against 2010, to No. 41 last year, while RCS&RDS, a major player on the Romanian telecommunications market, fell to the last position in the ranking of the largest 500 companies in the region after in the preceding year it had ranked 482th with revenues of EUR418.2 million.
The three state-run companies that made it into the top 500 ranking were energy producer Hidroelectrica, energy transmission company Transelectrica and natural gas producer Romgaz.
The natural gas producer, which in 2011 saw its revenues up 17.1% on the preceding year, had the best position in the ranking out of all state-run companies, according to Deloitte.
Nokia Romania is the company that lost the most positions in the ranking, falling to no. 217 after in the preceding year it had been a top 100 player in Central and Eastern Europe. The turnover of the Finnish-held company, which decided to withdraw from the Romanian market last year, fell by more than 30%.
(English version by Daniela Stoican)
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