According to the Yearbook put together by ZF, in 2010 the combined turnover of the top 50 companies in the economy neared EUR36 billion, over one billion more than in 2009. The previous review had shown the impact of recession in Romania: in 2009 the 50 largest companies in Romania had reported EUR34 billion in combined turnover, compared with EUR42 billion in 2008.
The ZF yearbook, currently at its sixth edition, has scanned the local economy every year since 2006, tracking the progress of over 700 companies in years of growth, as well as in the times of recession, when the GDP (Gross Domestic Product) fell 10%, i.e. by EUR14 billion at the end of 2010 against 2008.
During this period, companies among the top 50, such as Dacia,
Nokia or Bunge, as well as Romanian-held companies such as Dedeman
Bacau, managed to report growth of over 30% and gain market
share.
Petrom remained the largest company in the Romanian economy in
2010, with Dacia nearing the leader, after a 30% growth in the two
years of recession.
Whereas in 2008, Petrom’s turnover was nearly EUR2.5 billion higher than the carmaker’s, in 2010 the oil company was only EUR615 million ahead of the runner up, reveals the yearbook.
The ZF yearbook shows that last year 12 companies on the Romanian market posted turnovers of over EUR1 billion, but no Romanian-held company managed to approach this mark. With EUR415 million in sales in 2010 (in Romania and on international markets), the Arabesque group, founded in Galati by Cezar Rapotan was the largest Romanian-controlled company last year.
The ranking put together by ZF based on surveys filled out by companies or based on market estimates, shows that energy and oil remain the most often featured sectors at the top of the ranking, and one in five companies among the top 50 is state-controlled.