SeeNewsTOP100SEE-2012 SeeNewsTOP100SEE-2012

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    ALBANIA,

    BOSNIAANDHERZEGOVINA,

    BULGARIA,

    CROATIA,

    KOSO

    VO,

    MACEDONIA,

    MOLDOVA,

    MONTENEGRO,ROMANIA,

    SERBIA,

    SLOVENIA

    ON THE PATH

    OF RECOVERY

    TOP 100 COMPANIES

    > PAGE 6

    ROMANIAS BCR SHINES

    AGAIN IN TOP 100 BANKS

    RANKING

    TOP 100 BANKS

    > PAGE 22

    NO QUICK RECOVERY FOR

    SEE INSURERS IN 2011

    TOP 100 INSURERS

    > PAGE 30

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    wire.seenews.com

    Real-time solutions for your business in Southeast Europe

    The business news and analyses of SeeNews are also available on your Bloomberg and Thomson Reuters terminals.

    real-time coverage of

    business and nancial

    news from SEE investmentintelligence

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    1

    editorial

    This fth annual edition of SeeNews TOP 100 SEE hastried to build on the previous issues by offering evenricher content, more features, analyses and a variety ofviews on the economy of Southeast Europe (SEE) and theregions major companies.

    We have prepared an entirely new ranking called TOP100 listed companies, part of the TOP listed companiessection, giving its rationale along with a feature story on

    the stock exchanges in the region. For the rst time wehave included research on Turkey and Greece, setting thescene for companies from the two countries to enter theTOP 100 rankings in the future.

    The scope has been broadened with a chapter dedicatedto culture and the leisure industry, called SEE colours,which brings the region into the wider context of unitedEurope.

    One of the highlights of the 2012 edition is a feature writ-ten by the President of the European Bank for Reconstruc-tion and Development, Sir Suma Chakrabarti.

    The issue also includes a series of interviews with topmanagers from SEE, feature stories by experts in humanresources, sustainability and marketing. Our journal-ists have contributed reviews on non-performing loans,M&A, generic drugs, renewable energy, bans on smok-ing, the cinema market and many more. The new contentfeatures analyses of the IT and automotive sectors, alongwith detailed industry proles prepared by our Researchon Demand department.

    Last but not least, our exclusive content partner Euro-monitor International gives a macroeconomic perspec-tive on SEE with an in-depth analysis on sectors whoseperformance has been on the rise in times of recession,a macroeconomic forecast for the SEE economies andthorough proles of the 11 SEE countries of the previousrankings plus proles of Turkey and Greece for the rsttime in the ve-year history of the edition.

    Mira Karadzhova

    Editor-in-chief

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    2

    contents

    TOP 100companies4

    TOP 100banks18

    TOP 100insurers

    28TOP 100per capita38

    TOP 100listed companies40

    TOP 100industries46

    SEEsustainability73

    SEE

    corporate management80

    SEEsocial media88

    SEEcolours94

    SEEcountry proles102

    Editor-in-chief:Mira KaradzhovaSenior editors:Valentina Gerasimova, Nevena KrastevaEditors:Branimir Kondov, Irina Slav, Rossitsa VachkovaAnalysts:Valentin Stamov, Tsvetan Ivanov, Deyan Matov

    Journalists:Kristina Belkina, Emiliya Atanasova, GabrielaTzekova, Velizar Uzunov, Maria Russeva, Georgi Georgiev,Tsvetormira Tsanova, Tsvetan Ivanov, Valentin Stamov,Pavel Gramatikov, Valentina Dimitrievska, EugeniaKirilov, Martin Miliev, Trayan Koyankov, Nina Byalkova,Alexander Oleinic

    Director SeeNews:Dilyan Damyanov

    Marketing & sales:Polina Harizanova, Antonia Petkova,Penka Karidova, Gergana Arsova, Spas Spasov

    Design & prepress:Madlen Nacheva, Esenes studio

    Print:Alliance Print

    Disclaimer: SeeNews is not liable for the content of thepublished advertisements. Full liability rests with theadvertisers.

    Contact us:64 Kiril i Metodiy, 1202 Soa, Bulgaria+359 2 8012 626/850consulting@seenews.comtop100.seenews.com

    @SEENEWS_TOP_100

    SEENEWSTOP100

    SEENEWS TOP 100 SEE

    SeeNews, SEE TOP 100 and their logos are registeredtrademarks of AII Data Processing Ltd.All rights reserved. Re-publication or re-distributionof SeeNews content, including by framing, is strictlyprohibited without the prior written consent of

    SeeNews.

    Our partners

    Exclusive content partner

    Exclusive partner for Croatia

    Exclusive partner for Bulgaria

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    4

    TOP 100companies

    2011 2010 Company name Country IndustryTotal revenue

    2011Y/Y change in

    revenueNet profit/loss

    2011Net profit/loss

    2010

    1 1 OMV Petrom SA Romania Petroleum/Natural Gas 4 102 14.01% 853.2 419.9

    2 2 INA d.d. Croatia Petroleum/Natural Gas 3 613 16.51% 261.2 239.3

    3 3 Lukoil Neftochim Burgas AD Bulgaria Petroleum/Natural Gas 3 446 21.19% -69.5 -47.2

    4 22 OMV Petrom Marketing SRL Romania Petroleum/Natural Gas 3 185 197.50% 29.0 26.4

    5 4 Automobile-Dacia SA Romania Automobiles 3 110 15.74% 63.7 70.0

    6 7 Aurubis Bulgaria AD Bulgaria Metals 2 880 47.57% 115.7 31.7

    7 5 Petrol d.d. Slovenia Petroleum/Natural Gas 2 860 15.21% 11.6 37.9

    8 6 Rompetrol Rafinare SA Romania Petroleum/Natural Gas 2 731 40.52% -170.3 -156.3

    9 9 Naftna Industrija Srbije AD Serbia Petroleum/Natural Gas 1 983 14.24% 389.2 156.3

    10 10 Lukoil-Bulgaria EOOD Bulgaria Petroleum/Natural Gas 1 783 4.04% -2.2 3.0

    11 15 Rompetrol Downstream SRL Romania Petroleum/Natural Gas 1 775 23.80% -25.1 -23.1

    12 8 Konzum d.d. Croatia Wholesale/Retail 1 774 5.10% 45.8 55.9

    13 11 Hrvatska Elektroprivreda d.d. Croatia Electricity 1 733 3.47% 62.4 133.6

    14 14 Natsionalna Elektricheska Kompania EAD Bulgaria Electricity 1 669 7.98% 35.1 52.4

    15 12 Poslovni Sistem Mercator d.d. Slovenia Wholesale/Retail 1 629 -2.46% 31.1 36.8

    16 New Petrotel - Lukoil SA Romania Petroleum/Natural Gas 1 594 26.66% -90.7 -70.7

    17 19 British American Tobacco (Romania) Trading SRL Romania Food/Drinks/Tobacco 1 412 25.26% 73.4 51.8

    18 31 Holding Slovenske Elektrarne d.o.o. Slovenia Electricity 1 365 48.32% 46.7 79.5

    19 21 Kaufland Romania SCS Romania Wholesale/Retail 1 324 20.55% N/A 40.2

    20 23 Lukoil Romania SRL Romania Petroleum/Natural Gas 1 266 19.56% -26.7 -38.7

    21 18 JP Elektroprivreda Srbije (JP EPS) Serbia Electricity 1 262 3.83% -46.6 16.9

    22 24 Arcelormittal Galati SA Romania Metals 1 178 16.96% -143.6 -79.9

    23 17 Metro Cash & Carry Romania SRL Romania Wholesale/Retail 1 156 -5.88% 22.0 32.6

    24 16 Revoz d.d. Slovenia Automobiles 1 135 -14.65% 13.9 18.6

    25 25 Romgaz SA Romania Petroleum/Natural Gas 1 080 10.12% 238.8 152.0

    26 20 Hrvatski Telekom d.d. Croatia Telecommunications 1 041 -5.85% 240.8 252.4

    27 53 E.ON Energie Romania SA Romania Petroleum/Natural Gas 998.1 69.92% -44.4 -22.3

    28 28 GDF SUEZ Energy Romania SA Romania Petroleum/Natural Gas 994.2 7.21% 48.5 46.5

    29 56 GEN-I d.o.o. Slovenia Electricity 989.4 70.45% 8.1 10.9

    30 13 Nokia Romania SRL Romania ICT Equipment 981.5 -39.81% -2.0 42.3

    31 27 Krka d.d. Slovenia Pharmaceuticals 976.5 2.87% 150.4 165.9

    32 29 Carrefour Romania SA Romania Wholesale/Retail 950.0 2.64% 31.0 32.8

    33 42 CFR SA Romania Transportation 942.6 31.74% -164.0 -302.1

    34 30 Telekom Srbija AD Serbia Telecommunications 942.4 2.08% 213.5 149.7

    35 35 OMV Bulgaria OOD Bulgaria Petroleum/Natural Gas 941.3 13.47% 2.3 17.1

    36 39 Prirodni Plin d.o.o.* Croatia Petroleum/Natural Gas 937.5 20.31% 0.043 -46.7

    37 26 Orange Romania SA Romania Telecommunications 935.0 -4.18% 186.5 218.0

    38 60 Renault Industrie Roumanie SRL Romania Automobiles 923.1 62.80% 0.2 0.2

    39 37 JP Srbijagas Serbia Petroleum/Natural Gas 884.6 8.40% 12.0 8.4

    40 34 Selgros Cash & Carry SRL Romania Wholesale/Retail 880.5 4.90% 20.1 23.5

    41 32 Zelezara Smederevo DOO (formerly US Steel Serbia DOO) Serbia Metals 842.8 -4.02% -149.9 -142.3

    42 47 Bulgargaz EAD Bulgaria Petroleum/Natural Gas 840.4 28.14% -37.4 -19.1

    43 33 Vodafone Romania SA Romania Telecommunications 821.1 -2.78% 98.5 113.7

    44 55 Termoelektrane Nikola Tesla DOO Serbia Electricity 764.5 28.83% 58.7 3.8

    45 49 Transelectrica SA Romania Electricity 757.7 22.14% 21.0 2.2

    46 48 MOL Romania Petroleum Products SRL Romania Petroleum/Natural Gas 740.9 17.14% -3.1 19.1

    47 38 Hidroelectrica SA Romania Electricity 737.3 -6.64% 1.5 68.2

    48 83 Telekom Slovenije d.d. Slovenia Telecommunications 730.8 -1.08% 21.3 -237.1

    49 54 OMV Petrom Gas SRL Romania Petroleum/Natural Gas 722.3 23.90% 31.9 24.3

    50 84 Cargill Agricultura SRL Romania Agriculture 707.7 61.85% 7.3 -14.8

    in millions of euro

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    5

    TOP 100companies

    in millions of euro

    2011 2010 Company name Country IndustryTotal revenue

    2011Y/Y change in

    revenueNet profit/loss

    2011Net profit/loss

    2010

    5