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January 17, 2021
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Top 10 – The Most Valuable Romanian Companies 2020

The most prestigious financial publication in Romania, Ziarul FInanciar, organized the online edition of its Top Valuable Companies awards. For the second year in a row, UI Path, the first Romanian decacorn, ranked on 1st.

The most valuable Romanian companies 2020:

1. UI Path

UI Path is the first Romanian decacorn (company exceeding the value of US 10 B. The Romanian RPA producer is for the second year in a row on this position, a signal for the fact that the software industry is about to topple the oil and gas one.

2. Hidroelectrica

The Romanian leader in electricity generation, Hidroelectrica reached an EBIDTA of 70% of the turnout figure in 2019, becoming the most profitable company in Romania. The Romanian Government announced its intention of selling 10-15% of Hidroelectica, through an IPO procedure but so far the intention has not been integrated in a strategy.

3. OMV Petrom

For years, OMV Petrom was seen as the most valuable company in Romania. Yet, the top has recently changed and the oil and gas giant let room for the others. OMV Petrom is about to become even more valuable in the next years, due to its 50% participation in Neptun Deep offshore block.

4. eMAG (Dante International)

eMAG is the biggest Romanian online retailer. Recently, eMAG became quite an international brand, as it opened warehouses in Hungary and Bulgaria. eMAG is going to increase its value each year, along with the e-commerce market in Romania, now exceeding EUR 5 B.

5. Dedeman

Dedeman is a hypermarket chain with 100% Romanian capital offering home improvement and do-it-yourself goods. The motto is “Dedicated to your plans”. It is based in Bacău, Northern Romania, and operates 54 stores in the country.

6. Banca Transilvania

Banca Transilvania remained one of the few banks in Romania still owned by Romanian investors. In the recent years, Banca Transilvania initiated projects to help the Romanian entrepreneurs. Also, it acquired, along with EBRD, shares in Viktoriabank, becoming the co-owner of the Moldovan bank.

7. Kaufland Romania

Kaufland is the German hypermarket chain, part of the Schwarz Gruppe which also owns Lidl. In Romania, both Kaufland and Lidl are amongst the most profitable hypermarket chains, expanding their business annually with new stores. The chains have taken advantage on the Romanian market of the increasing purchasing power of Romanians and of the increasing private consumption.

8. Romgaz

According to the Romanian minister of Energy, Romgaz eyes on Exxon’s 50% stake in Neptun Deep offshore block. The project’s current shareholders are ExxonMobile and OMV Petrom, each one holding 50%, but ROMGAZ wants Exxon’s stake after the Polish PGNiG withdrew from the negotiations.

9. BCR

BCR is owned by Erste Bank, the biggest banking group in Central and Eastern Europe. This helped the Romanian bank to offer its clients some the most appreciated fin-tech app on the local market, George, but also to offer the Romanian start-up entrepreneurs the option of being financed through BCR-INNOVX.

10. Orange

Top 10 most valuable Romanian companies would have been incomplete without a communication company, and Orange proved to be the most valuable this year. With almost 11 million clients, Orange Romania is the biggest player on the mobile phone and communication services market.

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