“Johnson Matthey” is the only company from Macedonia among the Top 100 companies in Southeast Europe in 2016.
The annual ranking of “SeeNews” puts “Johnson Matthey” as the 17. biggest company in the area, climbing seven spots compared to the 2015 ranking.
“Impressively, Macedonia’s entry, the local subsidiary of UK chemicals specialist Johnson Matthey, achieved a 12% jump in per capita revenue, climbing one position further to number four, well above its eighth position two years ago. This underlines the importance of the recently attracted foreign investments for the small country that is not EU or NATO member”, says “SeeNews”.
Komercijalna Banka is Macedonia’s best-ranked bank in the Top 100 SEE banks at 45, while “Triglav Osiguruvanje” is placed 71. in the insurance sector.
The report notes that growing domestic demand amid historically low inflation and a pick-up in private investment and employment continued to drive economic growth in SEE in 2016.
“Economic tailwinds benefited most retailers and car makers – the two industries most sensitive to changes in disposable income and consumer sentiment. At the same time oil and gas majors, which traditionally dominate the ranking of the biggest companies in the region, continued to suffer losses, impacting the aggregate revenue of the SEE TOP 100 entrants. The combined net profit of the 100 biggest companies, however, rose by a hefty 39% as compared to the profit of the prior-year entrants, largely as a result of improved operational efficiency, integration of various business-specific activities and economies of scale”, reads the tenth annual edition
