Analytics, Baltic, Energy, Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 13:02

Orlen Lietuva remains biggest firm in Baltics

BC, Vilnius, 04.10.2017.Print version
Orlen Lietuva, the Lithuanian unit of Poland's oil group Orlen , remains number-one among top 50 biggest companies in the Baltic states, however, may be ousted by Vilniaus Prekyba in the next rating, Verslo Zinios business daily said, cites LETA/BNS.

The list of the top 50 companies in the Baltic countries made by Coface business risk management company included 29 Lithuanian companies, 11 Estonian companies and 10 Latvian companies in 2016.

 

Orlen Lietuva remained the leader of the list from earlier years, with turnover declining 12.4% to 3.267 billion euros last year.

 

However, Mantvydas Stareika, CEO at Coface Baltics, does not rule out that the long-standing leader could be replaced by Vilniaus Prekyba, one of Lithuania's biggest business groups, in the 2017 list. It ranked second last year with revenue of 3.17 billion euros, just 0.5% below the Orlen Lietuva level.






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