Bucharest rules Top of companies

The best performing companies in Romania were included in a national ranking, which was released on Wednesday by the Trade and Industry Chamber of Romania and the city of Bucharest (CCIRMB). The top includes 1,355 companies, classified under 34 operating sectors.
The criterion used to draft the ranking referred to a composite index made up of turnover, gross operating profit, current profit rate (current profit / turnover), work productivity (turnover / number of employees) and the development endeavour (growth in the reporting year / total fixed assets), for 2002.
Another criterion was the net profit reinvestment, where the companies received additional points. According to the organisers, out of the 417,000 companies included in the database, only 13,450 firms met the calculation rules of the classification.
The top excluded the companies that did not pay their obligations to the State budget, namely those with debts exceeding 5% of the turnover, the companies that were part of commercial incidents or used the debts for their own purposes, thus breaking the business ethical rules. This year, classification ruled out the companies having reported a current profit rate lower than 1% or higher than 100%.
The Top includes trading companies divided into five groups: very large enterprises, large enterprises, medium companies, small companies and micro-enterprises, depending on the number of employees.
As for the territorial position, most of the prizes were awarded to the Bucharest-based companies (516). Timis county ranks second (63 awards), followed by Prahova (59), Constanta (52) and Brasov (51). Ialomita county ranked last, as it only got four awards. georgiana.stavarache@zf.ro