17 Sep, 2018
ELKO enters the ranking of Central and Eastern Europe’s largest companies
With the 2017 finance indicators growing, and plans for business development continuing, ELKO Group has entered the prestigious list of Central and Eastern Europe’s 500 largest companies – COFACE.
Among six Latvian companies on the list, ELKO holds the highest – 124th position.
Presence on any top, list or ranking is a great feeling and the most direct result and recognition of all the work invested. Inclusion on the COFACE list is the outcome of several factors – active expansion of our product portfolio, acquisition of companies and geographical growth, new distribution partners. By size alone, Russia is still one of our main business directions, however the Baltic States also showed significant breakthrough last year, and we will continue focusing on the development of the newly acquired regionsCEO of ELKO Group
The list has been created for the tenth year already, taking into account the annual turnover, revenue and other indicators of the participants, thus reflecting the economic growth of the region. Altogether, 32 companies from the Baltic States have been included on the list. Countries included on the list are Bulgaria, the Czech Republic, Croatia, Estonia, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia, Hungary. By field, electronics, telecommunications and information technologies form the fifth largest position on the list.
More about the COFACE ranking www.coface.lt/en