News

Mapping the landscape

For a second year running, Bulgaria’s Kapital weekly published its ranking of the country’s largest 100 companies. Ranked by revenue, the companies listed by Kapital accounted for 80 per cent of Bulgaria’s gross domestic product (GDP) in 2007, while the revenues of the top 10 alone combined to some 20 billion leva, or 35 per cent of the country’s GDP last year.

On surface, the overall picture painted by the Kapital 100 list is a positive one. Bulgaria’s economy grew by 6.2 per cent in 2007, while the revenues of the companies in the list grew by an average of 16 per cent. But a closer look shows that a big part of that growth comes from the rising global prices of commodities like crude oil, metals and foodstuffs.

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July 11 2008, Source: sofiaecho.com