Bulgarian Launches 17 Companies in CEE top 500 Businesses

Bulgarian Launches 17 Companies in CEE top 500 Businesses

Seventeen Bulgarian companies have claimed their place among the top 500 businesses in Central and Eastern Europe for 2010. This becomes clear from Coface third annual ranking: Top 500 in CEE. Bulgaria's LukOil refinery has been ranked 29th among the best-performing companies in the thirteen former Soviet satellites, while LukOil Bulgaria is ranked 71st. The copper smelter of the German company Aurubis in the town of Pirdop, some 70 km to the east of Sofia, and Bulgaria's electric utility NEC have also been tagged as flagships of CEE business, along with the natural gas company Bulgargaz, the Bulgarian business of OMV, the energy utility CEZ, Cosmo Bulgaria Mobile, part of the Cosmote group, METRO Cash&Carry, and NPP Kozloduy.The energy utility E. ON, Stomana Industry and Kaufland Bulgaria have clung to the 472nd, 491st and the 495th place on the rankings. Bulgaria's seventeen best performing companies have declared profit for 2010 in the amount of 14.3 billion euro, which is an increase by 15% from a year ago. In terms of revenues, Bulgaria ranks seventh among the CEE countries. (Source: Standart News)

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