Orlen remains the biggest company in the CEE – report

State-owned fuel giant once again took the top spot in the ranking of CEE largest companies compiled by Coface. The second was Czech automotive giant Skoda Auto, while Hungarian oil firm MOL was third. Other Polish companies in the top ten, include, Biedronka operator Jeronimo Martins Polska (4^th place), gas giant PGNiG (5^th) and power utility PGE (9^th). “In 2016, the companies in the TOP 500 CEE ranking generated €580 billion in sales, which is a 0.6 percent y/y drop, while net profit dropped by 3.1 percent to €26.3 billion. On the other hand, employment increased by 3.9 percent,” the report said. Overall, Polish economies accounted for one-third of the ranked companies, increasing their turnover by 3.3 percent y/y.