Analytics, Economics

International Internet Magazine. Baltic States news & analytics Saturday, 15.03.2025, 09:12

Top-10 Companies in the Baltic States

Lithuanian companies – Mažeikiu nafta, Maxima LT and Koncernas Achemos grupe are the biggest in the Baltics, as to their turnover. That was a summary of an assessment by the business dailies in the three states, Dienas bizness, Äripäev and Verslo žinios.

There were about 300 companies under review in these countries; the poll is made each year during already the last 5 years.

 

The turnover of the said 300 companies reached 40.5 bn euros in 2006 which was 18.8% higher than a year before. The Estonian companies, numbered 110 are dominating in the list.

 

The constant leader in the list for the last years is Lithuanian Mažeikiu nafta, which is involved in crude oil transport and refinery with a turnover of 3382.66 mln. Euro.

 

The second place is occupied by the retail chain Maxima LT with a turnover of 1527.61 mln euro, and concern Achemos grupe on ranked third place with 742.60 mln euro turnover.

 

Among first ten-top are Estonian Hansapank with 713.30 mln euro turnover, Lithuanian Lukoil Baltija with 483.03 mln euro and Estonian Eesti energija with 481.55 mln euro.

 

The list of top-ten companies includes too an Estonian transport company Transtrade, which was for the third time in the list of the Baltics Top-300; in the previous year it was on the 7th place.

 

Baltics Top-10

Rank

 Company

Country

Turnover, mln EUR, 2006

1

Mažeikiu nafta

Lithuania

3382.66

2

Maxima LT

Lithuania

1527.61

3

 Achemos grupe

Lithuania

742.60

4

Hansapank

Estonia

713.30

5

Lukoil Baltija

Lithuania

483.03

6

Eesti Energia

Estonia

481.55

7

ELKO grupa

Latvia

469.35

8

Rimi Latvia

Latvia

439.88

9

Latvenergo

Latvia

432.21

10

Transtrade

Estonia

422.87

 Source: Dienas bizness, 31 January, 2008.

 

 More information on the main Baltic Companies see in the Latvian Dienas bizness daily, 31st January.






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