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Almost 6 pct increase in cumulative turnover of Top 10 companies

CCIR
Camera de Comert si Industrie a Romaniei CCIR

Turnover of companies ranked in the Top 10 positions in the National Business Rankings (TNF) 2020 increased by 5.99 pct, to more than 189 billion euro, according to a release of the Chamber of Commerce and Industry of Romania (CCIR), submitted on Thursday, AGERPRES.

"The cumulative turnover of the companies ranked in the top ten positions is 189.31 billion euro, an increase of 5.99 pct compared to the previous year, and the operating profit of the companies amounted to 15.8 billion euro, meaning a percentage increase of 5.12 pct. The share of profit in turnover was maintained in 2020, compared to the previous year, operating profit representing 8.34 pct of total turnover, which indicates a maintenance of the profitability of Romanian companies. At the same time, the number of employees increased by 1.29 pct, reaching 1.35 million employees," the CCIR release said.

The National Business Rankings 2020 presents the best performing companies in the fields of industry, services, trade, tourism, research and development and high-tech, agriculture, forestry and fisheries, construction.

Thus, in the top 10 positions at the national level there are 12,711 companies - economic operators from different sectors of activity: 4,468 from industry, 3,587 from services, 2,649 from trade, 313 from tourism, 477 from research and development and high-tech, 632 from agriculture, forestry and fisheries and 585 from construction. The 12,711 companies total almost 190 billion euro in business, operating profit of about 15.8 billion euro and 1,357,603 employees.

As many as 730,998 financial and accounting balance sheets of companies active in Romania were analysed to put together the TNF 2020 ranking. Of these, 249,128 balance sheets entered the competition for the top 10 positions in the national ranking, according to the methodology for carrying out the business rankings implemented by the Chambers of Commerce in all counties of the country.

Since 1994, the Romanian Chamber of Commerce and Industry has been the National Business Ranking (TNF), being the only institution empowered by an organic law to establish such a hierarchy throughout the country.

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