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MOL retains top spot among Hungarian companies

Oil and gas company MOL continues to lead business weekly Figyelő list of Hungary's top 100 companies.

Following MOL in the Top 10 list are Audi Hungaria Motor, Nokia Komárom, GE Hungary, Samsung Electronics Magyarország, Philips Magyarország, E.ON Földgáz Trade, Panrusgáz, Magyar Telekom and Tesco-Global Áruházak.

E.ON Hungária and the Hungarian Electricity Works have dropped out of the top ten. Figyelő noted that UPC Magyarország and Invitel are no longer on the list due to falling revenues in the telecom sector. Panrusgáz made it into the top ten list based on its results last year, however, it since relinquished its gas trade license after the introduction of the crisis tax.

The top 100 list, compiled by Dun & Bradstreet and published by this week's issue of Figyelő, shows that Hungary's 100 biggest companies have begun to recover from the crisis.

Following the crisis of 2008, exporters such as vehicle and electronics manufacturers have been the most successful, with Audi recording a 109pc increase in after-tax profit, for example. Some Hungarian-owned companies also performed well, with Jász Plasztik jumping from 80th to 69th place and Videoton Holding moving from 78th to 76th place.