The 13th edition of CEE Top 500 study provides an insight into the future and summarizes the region’s economic activity for the previous year. Moreover, it describes the condition of the 500 largest companies in CEE by their turnover. This edition describes the struggles of the new Covid-19 pandemic environment as well as how companies adjusted to this new situation. In 2020, CEE companies adjusted well to the new pandemic environment even though the Top 500 companies’ turnover dropped in 2020 by 3.3%. Although many of them wouldn’t survive further lockdowns and restrictive measures without government subsidies, for others the Covid-19 pandemic was a period of profits and prosperity.
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The Baltic region’s economic growth is strongly driven by domestic demand. The countries benefit from the favourable situation on the labour market as well as rebounding fixed asset investments. Nevertheless, the external environment remains crucial for the Baltic States. The share of exports of goods and services as a percentage of nominal GDP is especially high in Lithuania and Estonia, where it amounted to 82% and 72% respectively last year. In Latvia it was 59%, making dependence on foreign markets a further important factor.Read More
A favourable economic environment was not enough to reduce company insolvencies in Central and Eastern Europe (CEE). While average GDP growth accelerated to 4.5%, i.e. the highest level in nine years, insolvencies increased by 6.4%.Read More
Last year saw solid economic activity in the Adriatic/Balkan region. However, this did not apply to all countries. The largest companies in the region took advantage from the economic growth and grew themselves by an impressive 17.0%, with Slovenian companies profiting the most (+22.6%). However, in the country ranking, Croatia took the lead as the home country for most companies (17). Overall net profits increased by 6.7% in 2017 and employment by 2.0%.
In 2017, the Baltic States benefited from a rebound in external demand. All countries recorded a high growth rate of exports. However, the ongoing increase in household consumption and a revival of investments made domestic demand the main driving force of these economies. The results of the largest companies in the region underline this positive economic development. Overall turnover increased by 9.8%. Net profits likewise developed well, posting a rise of 25.3% for all top 50 companies.Read More
Analyses show a strong and expanding CEE region with decreasing risks in 2017, which also translated into higher revenues and net profits at the region’s 500 largest businesses. Competition at the top is getting more intense.Read More
With Greece about to pull out of its third bailout package, signs of economic recovery are multiplying: 2017 was a year marked by the return of positive growth (+1.4%), and - despite weakening growth in the eurozone - Greek GDP growth is expected to be close to 2% in 2018, with Greek households and businesses remaining more optimistic in the first half of the year than in 2017.Read More
Central and Eastern Europe: Less business insolvencies despite temporary headwinds in the construction sector
Political changes in the US have caused uncertainty over the trade policies that could be implemented and the region’s vulnerability to tighter financial conditions. Since Donald Trump’s victory, the currencies of many emerging countries have fallen against the dollar. Mexico’s currency was the most greatly affected in the world, with 19 % depreciation against the USD in 2016Read More
Poland has seen a slowing of its economy this year, compared to 2015. Nevertheless, growth is still continuing at a fair rate and, in fact, remains at a level which many other economies can only dream of.Read More
French growth has taken a time-out in Q2. The political uncertainties in the United Kingdom, the strikes in May and the floods affecting Ile-deFrance are all likely suspects responsible for this surprise halt. However, the figures are expected to recover in Q3.Read More
The importance of the Agrobusiness sector varies between the different North African economies. While on a regional level, the sector leads exports, on a country basis it differs. In Morroco, agribusiness benefits from government subsidies, as it contributes nearly 16% of GDP and provides employment for 40% of the population. Overall, across the main north African countries, the lowest level of risk is in Morocco...Read More
Faced with a contraction in Russian demand, the Baltics have shifted their exports to other markets, with significant compensation also coming from an improvement in domestic markets. This rather challenging situation is also expressed in the results of this year’s Top 50 ranking.Read More