Ukrainian companies entered the top 500 of the largest in Central and Eastern Europe.
The rating “TOP500 largest companies in Central and Eastern Europe” included 32 companies from Ukraine.
As noted, this is a significant decrease compared to the previous year, when 53 companies were rated from Ukraine.
These results were primarily due to the devaluation of the hryvnia, a reduction in domestic demand, the loss of part of the assets of companies and problems with financing.
In addition, despite the large-scale challenges, Ukrainian companies included in the ranking, managed to increase its revenue in local currency at the end of 2014 by an average of 16.6%.
Devaluation of the national currency significantly corrected the performance of companies in the ranking – in terms of corporate earnings in euros decreased by an average of 21.2%. Inflation has a negative effect on the domestic market, reducing the purchasing power of the population and demand for some products.
