The 14th edition of TOP 100 SEE ranking of the biggest companies, banks, and insurers in the region of Southeast Europe has just arrived!
Be the first to find out who are the 2020’s winners among financial and non-financial businesses registered in Albania, Bosnia and Herzegovina, Bulgaria, Croatia, North Macedonia, Moldova, Montenegro, Romania, Serbia and Slovenia.
Further to the three benchmark rankings, this year’s edition of TOP 100 SEE outlines new ranking tendencies, as well as provides an in-depth outlook on the region’s trends and current state of economy following the Covid-19 crisis:
“For the first time since SeeNews started publishing its ranking of the biggest companies in Southeast Europe fifteen years ago, wholesalers and retailers have overtaken the oil and gas sector, emerging as leaders in terms of total revenue, profit and number of entrants in the ranking. The sector’s strong performance comes on the back of an upsurge in e-commerce because of pandemic-related restrictions to people’s movement, easier online payment processes and the development of new financing options. The Covid pandemic accelerated a trend that has already been underway for a couple of years”, commented Nevena Krasteva, Editor-in-chief for TOP 100 SEE.
On the opposite end, the oil and gas companies in TOP 100 SEE saw their combined revenue slump by a quarter due to the economic slump, low global prices and travel bans, making the sector the biggest loser in the ranking. The global shift to green energy is strongly impacting the oil and gas companies’ development strategies too, forcing them to diversify their activities.
Despite millions of euro in relief packages, the economies in the region shrank by around 6%. In countries in which tourism generates a large share of the gross domestic product the economic contraction was most severe, exceeding 15% in Montenegro. Foreign direct investment, a major growth driver for the region, went sharply down too. Disrupted supplies and low demand affected the local companies and their main trading partners abroad alike.
Read the rest of these and more stories by company CEOs, policymakers and market analysts in the new edition of the TOP 100 ranking.