For the second year in a row, OKTA is the only company from Macedonia that is listed at the Central Europe Top 500, list of the largest companies in 17 countries in Central Europe ,¹ compiled by the Deloitte experts. Deloitte has also ranked TOP 100 Central European banks and TOP 50 insurance companies by total assets and gross written premium, respectively.  However, there are no macedonian banks and insurance companies eather.

“Using it’s international experience and network of offices in the region, Deloitte experts compiled the CE Top 500 ranking, according to revenue, profits, employment and capitalisation. The ranking shows little change from the previous year with PKN Orlen, Poland’s oil refiner and petroleum distributor, still at the top of the list with other energy companies including MOL of Hungary and CEZ of the Czech Republic close by”, said Lidija Nanus, director of the Deloitte Macedonia. According to her: “The list confirmed that energy companies have the largest revenues - 145 out of 500 companies on the list belong to this sector. The other top slots are filled by automobile manufacturers led by the Volkswagen owned Skoda from the Czech Republic followed by Audi in Hungary and Volkswagen’s own subsidiary in Slovakia. Manufacturing and consumer business and transportation are two other industries each represented with around 25% of the total number of companies on the list. TMT industry follows with almost 10% of the total number of companies and Telekomunikacja Polska, the telecommunications provider from Poland is the only non energy related, non auto company in the region’s top ten.”
 
Among the ex-Yugoslavian countries, the best positioned is Slovenia. A total of 18 companies comes from this country (with Mercator on the 40th place being the best positioned company, followed by Petrol and Gorenje). 12 companies from Croatia are listed, with the best, 17th place, occupied by INA, followed by Agrokor at 32nd position. Out of seven Serbian companies listed, the best positioned company is NIS at 20th place, followed by EPS (79), Delta M (106), PTT Srbija (112), Telekom Srbija (155), US Steel (170) and Srbijagas (253). Not one company from Bosnia&Herzegovina and Montenegro is represented on the list.

Out of the top 500 companies, almost 80% of companies comes from 4 countries: Poland (176), Ukraine (75), Czech Republic (70) and Hungary (60). As far as ownership structure goes, 25% of the largest companies in the Region is fully controlled by the state. The remaining companies are private or largely private companies.

„According to Deloitte analisys, Central Europe will maintain its impressive five per cent growth rates, which far outpace western Europe’s economic performance, only if it completes free market reforms, first of all privatisation. Deloitte also warns, quoting exclusive interviews with CEOs from companies throughout the region, that Central Europe, will only continue to attract foreign direct investment if urgent changes in education systems are made which will bring new skills to the workplace.”, concludes Lidija Nanus.

About the methodology:
Our ranking is based on company revenues. As much as possible, we have used consolidated reported revenue for the fiscal year ending in 2007. The information has been sourced from publicly available databases, data from the companies themselves and estimates based on our research.
The revenue of subsidiaries of large groups has been reported as part of the consolidated revenue and shown separately for those subsidiaries.
We have ranked banks and insurance companies by total assets and gross written premium, respectively. The gross written premium of insurance companies includes both premiums from life and non-life operations, despite the fact that in certain areas, these companies operate as a separate legal entities.
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¹ Albania, BiH, Bulgaria, Croatia Czech, Estonia, Hungary, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, Ukraine.

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About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in over 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas - audit, tax, consulting, and financial advisory services - and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names.

About Deloitte Central Europe
Deloitte Central Europe is a regional organization of entities organised under the umbrella of Deloitte Central Europe Holdings Limited, the member firm in Central Europe of Deloitte Touche Tohmatsu. Services are provided by the subsidiaries and affiliates of Deloitte Central Europe Holdings Limited, which are separate and independent legal entities. The subsidiaries and affiliates of Deloitte Central Europe Holdings Limited are among the region’s leading professional services firms, providing services through more than 3,500 people in more than 30 offices in 17 countries.

In Macedonia, the services are provided by DT Deloitte & Touche, DOOEL, Skopje (jointly referred to as “Deloitte Macedonia”) which are affiliates of Deloitte Central Europe Holdings Limited. Deloitte Macedonia is one of the leading professional services organizations in the country providing services in audit, tax, consulting, and financial advisory services through over 10 national and expatriate professionals.