OMV Petrom, the only local business among the region’s heavyweights, saw the third biggest decline in revenue after Poland’s Lotos and PKN Orlen.
Electricity companies did somewhat better, as the electricity price was not affected by major fluctuations.
Polish companies dominate the top ten of energy companies in Central and Eastern Europe. Czech Republic has two companies among the top ten, while Hungary has one, MOL, which is the second largest energy company in the region, though.
Romania, the country with the second largest energy generation capacity in the region after Poland and an enviable energy resource mix, does not have any company among the top ten largest electricity companies in the area. Romania is also the only one that put its producers into groups by the resource used (coal, hydropower or nuclear) while its neighbors built companies that are powerful precisely because of their energy mix.
(English version by Loredana Fratila-Cristescu)