Business environment: navigating stormy waters
Companies best prepared for the downturn were those from the sectors, which are traditionally most resilient to financial crisis
The third edition of Deloitte’s ranking of the largest Central European enterprises is complete. As in previous years, the objective of the ranking is to analyse how individual countries are coping in the current political and economic environment, how particular industries in the region are performing, and what challenges the investors and managements of the leading Central European enterprises, banks and insurance companies are currently facing.
Previous rankings also sought to establish how the region’s business leaders were pursuing growth strategies and how they were coping with the rising costs of materials, the appreciation of local currencies and an increasingly expensive and hard-to-attract workforce. This year’s edition presents the economic scene following the crisis that erupted in the region at the end of 2008. It shows how Central European enterprises have coped during the economic downturn, particularly in view of the predictions of economists (and the hopes of politicians) from a year ago that the crisis might not hava a severe impact on the region.
No surprises
Similarly to previous years, the largest petrochemical companies – PKN and MOL – occupy the two top positions. PKN strengthened its place as the biggest Central European company in terms of revenues. Full consolidation of the results of Mozejku Nafta and high petroleum prices through much of 2008 were among the...
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