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Coface CEE Top 500 companies

Coface CEE TOP 500 is a ranking produced by Coface which presents the 500 largest companies in the Central and Eastern European region.
It summarizes the region’s economic activity of the previous year and provides an outlook on the future.


This edition describes the struggles of the Covid-19 pandemic environment as well as how companies adjusted to this new situation.
In 2020, CEE companies adjusted well to the new pandemic environment even though the Top 500 companies’ turnover dropped in 2020 by 3.3%. Although many of them wouldn’t survive further lockdowns and restrictive measures without government subsidies, for others the Covid-19 pandemic was a period of profits and prosperity.
Inside this 13th annual Coface CEE Top 500 ranking, we answer questions such as:
  • How have CEE countries adapted to the new pandemic environment?
  • Do the same sectors as the year before still occupy the podium?
  • Why are Polish businesses the largest income earners in CEE?
  • What is the name of the company that moved up 345 positions in the ranking?
  • Which factors contributed to the CEE region’s growth?
  • Which are the sectors which generate 54% of the total revenue?
  • What company tops this year’s ranking? And what companies fell out of the top 500? 
Download the 2021 Coface CEE TOP 500 study for free now !



In 2020, Coface has launched the 12th edition of the Top 500 companies in Central and Eastern Europe - Coface CEE Top 500.

Find out which companies took advantage of the economic environment in 2020, in which country businesses are the largest income earners in CEE, and which sector was on top again. The ranking reflects the region’s economic activity for the previous year, presents a future outlook, describes the economic condition of the 500 largest companies in CEE by their turnover and depicts CEE as a region of prosperity.


Read online or download our twelfth annual Coface CEE Top 500 ranking, and find out :  

  • Why, in 2019, were CEE countries still seen as a safe haven and well-performing, although GDP growth had dropped to 3.6%?
  • Why do the same sectors as the year before (oil and gas followed by automotive & transport and non-specialized trade) again occupy the podium? 
  • Why are Polish businesses the largest income earners in CEE with an aggregated turnover growing year on year?



In 2019, Coface has launched the 11th edition of the Top 500 companies in Central and Eastern Europe - Coface CEE Top 500.

And this year, the trend continues to be very positive. Compared to other emerging markets, CEE is often treated as a safe haven. The reasons are quite obvious. GDP growth rates increased by 4.6% and 4.3% in 2017 and 2018, which is the highest level since 2008. Growth was mainly driven by higher private consumption, increasing fixed asset investments and exports. The positive business environment led to a drop of the GDP-weighted average insolvencies by 4.2% in 2018 in contrast to the increase of proceedings in the previous year.


Find out what new companies entered the TOP 500 ranking in 2019.


In 2018, Coface has launched the 10th edition of the Top 500 companies in Central and Eastern Europe - Coface CEE Top 500.


The CEE region is becoming a role model of emerging markets. 


Furthermore, as the service provider with the most extensive experience in Business Information in CEE, we have with iCON by Coface a comprehensive online platform, which is the basis of the financial data we use for this study. In addition to the existing analysis, we have included our individual company credit assessments (@rating score) for the very first time. Check it out online or download our publication.




2017 Coface CEE TOP 500 study highlighted the following aspects:


  • 2017 – a profitable year for Central and Eastern Europe: GDP growth rate reaches 4.5%, the highest level in eight years
  • Better results for the region’s 500 largest businesses in all three pillars: revenue, net profit and recruiting
  • Sectors: Automotive & transport defends its pole position, oil and gas back on track after a recovery of oil prices in 2017