Polish companies the strongest in Central and Eastern Europe

26 November 2021

Poland leads in the Coface TOP 500 CEE ranking and Polish companies were the best in the region in terms of the annual turnover. The Czech Republic and Hungary also ranked high.

Coface is an international credit insurance provider and the strongest business investigation group in the Central and Eastern Europe. The TOP 500 CEE ranking has gained recognition of business and media who present this list willingly. Also, companies present on the list appreciate the importance of this distinction informing business environment about it. TOP 500 CEE presents leading companies of Central and Eastern Europe by turnovers reached in 2020.

According to the ranking, 32% of all the companies on the list come from our country (161 enterprises – 2 companies less than last year). “Despite the fact that the pandemic had an impact on Polish businesses, they are still the biggest in the region – with annual turnovers on the level of 1.6 billion euro “ Their total income decreased by 0.1% to 258.2 billion euro in 2020 and net profit decreased by 20.6%.

Poland is the most diversified state in the ranking in terms of sector structure. There is no single dominant sector, although the sector of mineral resources, chemicals, oil-related products, plastics and pharmaceutical products hold the field ( 16.8% of companies with 21.6% of turnover of Polish companies represent these sectors).

The first in the latest TOP 500 list is PKN ORLEN – the turnovers of the company decreased by 23% while last year they increased by 1%.The Czech Skoda Auto was second on the list and Jeronimo Martins the third one on the podium thanks to increase of turnovers.

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About the Three Seas Initiative in Davos

23 January 2026

About the Three Seas Initiative in Davos

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23 January 2026

Polish President Karol Nawrocki emphasized in Davos the strategic importance of the Three Seas Initiative as a key platform for infrastructural, economic, and geopolitical cooperation in Central and Eastern Europe. The opening speech of the panel „Three Seas Initiative: geostrategic business opportunities – a bridge to the future – from the Adriatic, the Baltic, the Black Sea to Asia” took place as part of the Leaders Forum powered by Poland during the World Economic Forum in Davos. Former polish president Andrzej Duda participated as well.

President Nawrocki noted that over the course of a decade the Three Seas Initiative has evolved from a political concept into a mature cooperation mechanism that has tangible impact on the regional development.

“Ten years ago, the Three Seas Initiative began as an idea. Up until today it has evolved into a strategic framework for regional transformation, and alliance of innovation and infrastructure, and a symbol of Central and South-Eastern Europe’s maturity and confidence on the world stage” – told the President.

In his address the President also emphasized the strong transatlantic anchoring of the Three Seas Initiative. He stressed that from the very beginning, the Initiative was conceived as an open project, strengthening cooperation between the European Union and partners outside Europe, particularly the United States. In this context, the Three Seas Initiative was presented as a “bridge” connecting a dynamically developing region with global capital, technology, and markets.

” The Three Seas Initiative has never been an inward-looking project (…) it has been strategically anchored in the transatlantic partnership that unites Europe and North America”.

The President drew attention to the geostrategic dimension of cooperation within the Three Seas region in the face of global challenges such as geopolitical instability, pressure on supply chains, and competition for resources. He pointed out that the development of modern infrastructure and the deepening of economic cooperation constitute the foundation of security and long-term growth.

The speech also had a strong economic dimension. The President of Poland underlined Poland’s ambitions to strengthen its position in the global economy and its aspirations to join the G20, highlighting the growing role of the Three Seas region as one of the engines of growth in Europe. At the same time, he invited international investors to actively participate in projects implemented under the framework of the Initiative.

During the World Economic Forum in Davos, President Karol Nawrocki also met with President of the United States Donald Trump. The main topics of their talks were security and economic issues.

THE PRESIDENT’S SPEECH IS AVAILABLE HERE

Photo credit: © Mikołaj Bujak/KPRP, Source: https://www.prezydent.pl/aktualnosci/wizyty-zagraniczne/prezydent-w-davos-o-inicjatywie-trojmorza,113783