The companies positioned on the top ten spots of the 2023 National Company Ranking have a combined turnover of almost 280 billion euros, and their operating profit amounts to about 27 billion euros, shows data released on Thursday by Romania's Chamber of Commerce and Industry (CCIR).This year, a number of 13,030 companies were included in the first ten positions of the dedicated ranking. Their profit accounts for 9.6 percent of the total turnover, and the total number of employees with these entities is 1,359,833.By the number of companies included in the Top 10 ranking, the most significant fields are: industry (35.1 percent), services (28.4 percent), trade (20.7 percent), agriculture, forestry and fishing (4.9 percent), construction (4.6 percent), research-development & high-tech (3.7 percent), tourism (2.3 percent).Trade holds a share of 44.8 percent of the total turnover of the companies, followed by industry (35.6 percent) and services (11.3 percent). Industrial companies are the most profitable, with 45.9 percent of the aggregate profit, and a profit share of 12.4 percent of the turnover of the businesses in this segment.The 2023 National Company Ranking was put together based on 846,452 financial and accounting statements of entities active in Romania. Of these, 327,867 entered the competition for the leading ten places in the national ranking, in accordance with the methodology applied by the Chambers of Commerce in all of Romania's counties.The National Company Ranking is based on the following economic indicators: net turnover, operating profit, operating profit rate, efficiency in the use of human resources, and efficiency in the use of capital employed, and lists the best performing companies in seven economic fields: Industry, Services, Trade, Tourism, Research-Development & High-Tech, Agriculture, Forestry and Fishing, and Construction.The Gala of the 2023 National Company Ranking will take place on Thursday evening at the Romexpo Exhibition Center.
Romania's interior minister, Cătălin Predoiu, expressed cautious optimism about the country's prospects for full Schengen accession following a meeting scheduled for November 22 with Austrian interior minister Gerhard Karner. Speaking on local news channel Antena 3, Predoiu stated that "the pieces are quite well placed" for progress on accession with land borders,
Romgaz (BVB: SNG), the largest producer and main supplier of natural gas in Romania, will list its first bond issue, worth EUR 500 million and aimed to finance the Neptun Deep offshore gas project, on the Bucharest Stock Exchange on November 19. In October, Romgaz issued the first EUR 500 million tranche of a EUR […]
Left without heating after a coal-fired unit at Electrocentrale Craiova broke down, Ford Otosan’s automobile plant in southern Romania ceased operations on November 13, Profit.ro reported. The losses at the factory that is producing some 1,000 automobiles and 1,700 EcoBoost...
Bucharest Exchange-listed Premier Energy Group, active in the renewable electricity generation and energy supply activities in Romania and Moldova, announced its revenues rose by 25% y/y to EUR 816 million in January-September and by 61% y/y to EUR 303 million in Q3 alone, driven by both organic performance and strategic acquisitions. The net profit, however, shrunk […]
Romania's leading energy producer, Hidroelectrica (BVB: H2O), announced its output decreased by 22% y/y to 11.35TWh in January-September, citing both market conditions (a change in the regulations that resulted in volatile prices and volumes traded) and adverse hydrological conditions. The revenues contracted by 25% y/y to RON 7.2 billion (EUR 1.44 billion), roughly in line […]
Lower electricity production amid slightly higher domestic demand and the reliance on intermittent renewable resources led to increasingly more situations when Romania imports electricity at the maximum capacity of its interconnectors, although the net electricity deficit is in the range of only some 3% of total consumption. The power storage capacities can smooth supply and […]
