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Two Hungarians in Handelsblatt Top 500

Two Hungarian companies have made onto German business daily Handelsblatt's recently published annual list of top 500 European companies.

Oil and gas group MOL Nyrt slipped three places, ranking as Europe's 129th largest company by revenue last year, while Magyar Telekom moved up to 475th from 477th.

The list is topped by three oil giants, led by Royal Dutch Schell, and followed by German automaker Volkswagen and France's Carrefour.

In terms of profit, Russian companies did best last year, making up 30% of the total. (