Coface Jadran/Balkan Top 50

The fourth edition of the Coface Adriatic/Balkan Top 50 ranking sees some changes compared to previous editions. After many years in second place, Slovenian Petrol finally got into the lead - thanks to an increase in turnover +1.4% to EUR 3.3 billion and a weak performance of last year’s winner Croatian Ina D.D. (EUR 3.2 billion, -5.4%). In third place again is Serbian Naftna (EUR 2.0 billion, -1.9%).

The key figures of the top players mirror very well the situation in each country. Whereas Croatia and Serbia fought against a recession in 2014, the other countries reported growth rates between +0.7% in Bosnia and +3.4% in Macedonia. Slovenia with a GDP growth of +2.6% is again home to most of the largest companies (17). Turnover rose by +1.1% to EUR 15.5 billion. It is followed by Croatia (16 companies, EUR 13 billion) and Serbia (10, EUR 8 billion). Both economies contracted in 2014 leading to a turnover slump of the biggest players by -2.0% and -1.1% respectively. Macedonia not only had the highest rise in GDP in 2014, the three Macedonian companies in the ranking showed the highest growth in turnover (+13.4%). Overall turnover of the largest companies in the region therefore decreased only slightly by -0.2%.