13 Bulgarian Companies Included in Deloitte CE Top 500 Ranking

Business | September 12, 2008, Friday // 00:00| Views: | Comments: 9
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LUKoil Neftochim is the largest Bulgarian company, ranking 29th in Central and Eastern Europe, according to the recently published Deloitte's CE Top 500 list.

The Deloitte Central Europe Top 500 charts companies' progress in the region, which stretches from the Adriatic to the Baltic and the Black seas and contains a raft of countries, all of which have either already joined the European Union or are at various stages of the EU accession process.

The Deloitte report advises that reform policies and, above all, privatization, must be pursued by governments in Central Europe. Only then will the region be able to maintain its impressive five percent growth rates that far outpace western Europe's economic performance and to catch up the countries in western Europe.

The CE Top 500 ranking charts the fortunes of the largest 500 companies in the region by revenue, profits, employment and capitalization.

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.

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.

Telekomunikacja Polska, the telecommunications provider from Poland is the only non-energy related, non-auto company in the region's top 10.

The biggest foreign investors by revenue are Volkswagen, the auto manufacturer, Arcelor Mittal, the multinational steel group, and Metro, the retailer. CEZ, the Czech energy giant leads the market capitalization ranking followed by two banks in Poland, Pekao SA, and PKO BP.

Thirteen Bulgarian companies are also included in the CE Top 500 list, six of them are in the energy sector, three - in the industrial one, another three in the "Technologies, Media and Telecommunications" sector of and one in the trade and business sector.

The top ten Bulgarian companies with their ranking are: Lukoil Neftochim (29), Lukoil Bulgaria (71), NEK (124), Cumerio Med (142), Petrol (258), Mobiltel (285), OMV (328), BTC (363), Kremikovtsi (381), Cez Electro (425).

The full text of the report about Bulgaria can be found at: http://www.novinite.com/view_news.php?id=96926
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» To the forumComments (9)
proud_to_be_american - 13 Sep 2008 // 20:29:42

CRIME DOES PAY, IF YOUR NAME IS O.J. -- he he-he-- and you go from HERO TO SHAPIRO (and Barry Schenk, Johnnie Cochran, F. Lee Bailey and Alan Dershowitz)

iamsoobored - 13 Sep 2008 // 20:08:28


I know a top-notch Bulgarian scamer and forgerer and art thief who just spent 20 years in a US jail and did not get to see his children grow up. His Russian wife divorced him while he was in jail and married a Turkish guy. Crime does not pay and this Tzolov will get his just deserts. No worries.

Karnak76 - 13 Sep 2008 // 15:04:22

"WHat we want to know is the comparable saleries these BG Companies pay compared to others on the list!"

Pk, I would be happy if in your company, you pay your Bulgarian employees, USA salaries ;-)))....

pk - 13 Sep 2008 // 13:21:43

I don’t know where else to read about BG news in English Dreaming. I have the same feeling about “reports”- most are poorly written with not enough details.

Dreaming - 13 Sep 2008 // 12:38:54

Lousy journalism? This is a Deloitte report, not journalism, so do you mean the report is lousy?
There is no data in the Deloitte study about the "saleries"...
By the way - why are you wasting your time reading lousy websites?

CJB - 13 Sep 2008 // 11:47:11

Er.....most of these are NOT Bulgarian companies. They may be doing business here, but Bulgarian only in this respect.

"The top ten Bulgarian companies with their ranking are: Lukoil Neftochim (29)"


"Lukoil Bulgaria (71),"


"NEK (124),"

Owned by Bulgarian state, in debt to Russia for billions.

"Cumerio Med (142),"


"Petrol (258),"

Recently bought by Lukoil (see above)

"Mobiltel (285),"


"OMV (328),"


"BTC (363),"


"Kremikovtsi (381),"


"Cez Electro (425)."


pk - 13 Sep 2008 // 09:18:02

They briefly joined Morgan Stanley that same month, according to a lawsuit filed in the Southern District court yesterday. Morgan Stanley fronted Mr. Tzolov $4.45 million, the suit states, but soon fired him and never got its money back.

pk - 13 Sep 2008 // 08:58:51

One thing for sure Resp:

This Tzolov is a top notch scammer as read this:

Separately, Morgan Stanley filed a lawsuit against Mr. Tzolov seeking to recoup $4.45 million it loaned him (one month before he was charged) before it knew of the allegations.

pk - 13 Sep 2008 // 07:52:25

Again, what lousy journalism...

WHat we want to know is the comparable saleries these BG Companies pay compared to others on the list!

Then the world can see how unfair labor practices are here!

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