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Bulgaria home to 18 of Top 500 Central and Eastern European companies

Tue, Nov 09 2010 09:51 CET

byDnevnik.bg

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Bulgaria home to 18 of Top 500 Central and Eastern European companies

Distillation unit at LUKOIL Neftochim Bourgas complex near Bourgas, Bulgaria.


Photo: Reuters

Bulgaria had 18 companies among the Top 500 in Central and Eastern Europe for 2009, according to a ranking by credit risk management company Coface.

Three of the companies made their debut in the chart, including fuel wholesaler Naftex Petrol, utility EVN Bulgaria Electricity Distribution and sector player E.ON Bulgaria Sales.

Best performer in the list, which ranks companies based on their turnover, was Polish oil group PKN Orlen with a turnover of 15.7 billion euro last year, followed by Hungarian oil and gas major MOL Nyrt and Ukrainian peer Naftogaz.

Refinery Lukoil Neftochim Burgas was the highest positioned among Bulgarian companies with a turnover of 2.13 billion euro, outstripping fuel retailer Lukoil Bulgaria and state-run power utility NEK, which was ranked 67th.

Down the ranking are copper producer Aurubis Bulgaria, OMV Bulgaria and mobile operator Mobiltel.

According to Kamelia Popova, manager of Coface's Bugarian division, the enhanced number of local companies in the list during the most severe period of the crisis is indicative of the relative stability of business in Bulgaria.

The combined revenue of CEE top 500 companies decreased by 17 per cent in annual terms to 452 billion euro in 2009, with Bulgarian companies accounting for about three per cent of the total.








Source: Dnevnik.bg

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Kamelia Lozanova has been appointed the executive director of the Employment Agency, a position she has held ad interim since September 2011, following the resignation of her predecessor Rossitsa Stelianova. Prior to that, Lozanova was the agency's deputy executive director in charge of international projects and European programmes. She has been with the agency for more than 20 years. Lozanova has a degree in Slavonic philology from the St Kliment Ohridski University of Sofia.

Uniqa

Uniqa

Gloria Dimitrova has been appointed executive director and member of the managing board at Uniqa Life Insurance Bulgaria. Dimitrova began her career in 1998 at the insurance supervision directorate, but moved to the private sector and worked for professional services and insurance brokerage firm Marsh&McLennan and US insurer AIG, both in Bulgaria and the Middle East. She joined Uniqa as regional director for Sofia in 2010. Dimitrova has a degree in economics from the University for National and World Economy in Sofia and a master's degree in insurance from the Business Academy in Svishtov.

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Kamenitza

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Beiersdorf

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Hewlett-Packard

Sasha Bezuhanova has been appointed Hewlett-Packard public sector director for emerging markets, where she will oversee HP public sector activities in 63 countries, including Bulgaria. Bezuhanova will also be in charge of HP's relations with the European Union. Bezuhanova has been HP's public sector director for Central and Eastern Europe since 2008; before that she was general manager of HP Bulgaria since 1998. Bezuhanova has a master's degree in electronics from the Technical University in Sofia and has completed a managment programme at INSEAD.

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