The 11th issue of the yearbook, which comes out Friday, gives a complete picture of the largest businesses in the country. It started from last year’s financial statements of unlisted companies and used the market capitalization on November 1, 2016 for the listed companies. The most valuable company in Romania last year was state-owned Hidroelectrica, which is a first. BT Capital Partners valued the company at EUR2.9 billion. The previous leader, OMV Petrom, dropped to second, followed by Orange Romania, Automobile Dacia and Romgaz.
On the other hand, only two Romanian entrepreneurial businesses were valued at more than EUR1 billion.
Banca Transilvania, the largest Romanian majority held bank, ranks first among the largest Romanian businesses, valued at EUR1.9 billion.
On the other hand, RCS&RDS, a company controlled by Zoltan Teszari, dropped one place in the overall ranking to 13th. It was valued at EUR1.26 billion. The only manufacturing company in the ranking is Transavia, held by Ioan Popa. The company in the Alba County (central Romania) has more than 1,600 employees, 24 poultry farms, three slaughterhouses, a feed plant and a meat processing plant.
The 100 most valuable companies in Romania include only 10 entrepreneurial businesses compared with 25 last year.
(English version by Loredana Fratila-Cristescu)