Only one Slovak company remains among the best in CEE region

The Slovak car producers have dropped in the list of top companies in the CEE region, the Hospodárske Noviny economic daily wrote on September 4.

While two years ago two of the Slovak plants ranked among the top 10 of the Coface CEE Top 500 list of the biggest companies, this year only the Bratislava-based Volkswagen Slovakia remained in top 10. However, its position worsened, dropping from 5 to 7.

The Žilina-based Kia Motors Slovakia fell from 10th to 13th position, while PSA Slovakia fell four places to rank 41. In all cases the reason was particularly the drop in revenues. The Slovak arm of the German carmaker, for example, reported revenues at €7.59 billion in 2016, while a year later it was only €7.55 billion.

Overall, Slovak firms fared better

On the other hand, the total number of Slovak companies in the TOP 500 ranking increased compared to 2017. While one year ago, there were altogether 41 firms, this year there are two more of them.

Seven companies are new on the list, including the power utility company Západoslovenská Energetika (placing 259th – the best among newcomers), the retail chain Tesco, the GGT – among the important distributors of tobacco products; and the motor fuels and lubricants wholesaler Unipetrol Slovensko, the daily reported.

4. Sep 2018 at 14:36  | Compiled by Spectator staff