Slovenia's lead in SEE TOP 100 per capita ranking is slowly shrinking as Croatian companies are gradually catching up. Once again, almost half the entrants in the ranking are energy companies. Companies from Slovenia, an EU–member state of some two million, performed best in this year's edition of the SEE TOP 100 per capita ranking. However, Slovenia was left with just 28 companies in the ranking, down from 32 in last year's edition, while second-placed Croatia added two entrants to its numbers, closing the gap between two countries' performances in the SEE TOP 100 per capita rankings.
Slovenian energy company Petrol led the SEE TOP 100 companies per capita ranking, for the eighth consecutive year, with a revenue per capita rising to 1,673 euro in 2014 from 1,646 euro the previous year. Slovenia landed a total of six companies in the ranking's top 10. Slovenian retailer Mercator ranked third with 740.1 euro revenue per capita, a slight decrease from 750.2 euro the previous year. In 2014 Croatian privately-held concern Agrokor completed the takeover of 53.12% of Mercator in what was probably the biggest sale deal in the region. In 2013, Mercator was struggling to get back to profitability, being forced to exit the Bulgarian and Albanian market and lay off a number of employees. A proof that the company is already strengthening its position in 2014 is the fact that it moved up three spots to the 17th position in the SEE TOP 100 ranking in terms of total revenue. Another Slovenian company, power conglomerate HSE d.o.o., followed in 4th place with 693.2 euro revenue per capita, a sharp decrease from the 828.8 euro it recorded in 2013. The company decided to launch liquidation proceedings for its thermal power plant Trbovlje due to negative projections for electricity and coal prices. Slovenske Elektrarne lost five spots, ranking 19th in the SEE TOP 100 ranking in terms of total revenue.
Companies from Croatia, a country of over four million people, were the second most widely represented with 21 entrants in the list, up from 19 in 2013. Croatian oil and gas company INA ranked second with 742.8 euro in revenue per capita versus 777.4 euro in 2013. Still, INA gained one spot in the ranking. Retailer Konzum was Croatia's secondbest performer, ranking 11th with 392.8 euro in revenue per capita, edging up from 391.8 in the previous year. The company lost one position from the tenth spot in last year's ranking.
With respectively ten and nine companies on the list, Montenegro and Bulgaria took the third and fourth place. Oil refinery Lukoil Neftochim Burgas remained the top performer among the Bulgarian companies, ending seventh on the per capita rankings while Bulgaria's second best performer - copper producer Aurubis, took 16th place. At number 10, power utility Elektroprivreda Crne Gore was the best Montenegrin performer. Wholesaler and retailer Voli Trade was among the most notable newcomers in the rankings and is Montenegro's runner up at 19th place in the SEE TOP 100 per capita rankings. It should be noted that Montenegro doubled the number of its companies in the rankings to 10 this year.
The number of firms from Bosnia and Herzegovina was also up, rising to eight from six in the previous year. The country's top entrant, oil trader and manufacturer Optima Grupa, fell to 45th while its second best performer remained at 49th place.
Romania's best performer - car maker Automobile-Dacia, which dislodged another Romanian company, OMV Petrom, to top the 2014 edition of the SEE TOP 100 companies ranking, ended 27th in terms of revenue per capita. Dacia's revenue rose 2.2% to 4.2 billion euro in 2014 as its net profit increased 10%, pushing the company up five spots in the rankings. Romania's second best perfomer, oil and gas group OMV Petrom, remained 29th. Romania had eight representatives in the rankings, same as last year.
Macedonia had six representatives in the ranking, same as Serbia. The Macedonian unit of UK-based specialty chemicals company Johnson Matthey was the top Macedonian performer with 447.8 euro in revenue per capita in 2014, up from 302.4 euro from the previous year. The number of Serbian companies in the rankings fell to six from last year's nine.
Entries from Albania and Moldova round off the rankings. Albania has three companies, of which oil and gas distributor Kastrati at the 39th spot, was the top performer. Its revenue per capita stood at 158.4 euro, up from the previous year's 151.2 euro. Gas utility Moldovagaz was the only Moldovan company to make the cut, placing 86th with 83.8 euro in revenue per capita versus 86.1 euro in 2013.
In a breakdown by sector, energy companies dominate the SEE TOP 100 per capita ranking in 2014, mirroring the situation in the SEE TOP 100 companies ranking. Wholesale and retail companies ranked second, followed by telecoms.