Baltic companies make Eastern Europe 100

  • 2003-05-29

Six Baltic companies are on the Financial Times' list of the 100 largest companies in Eastern Europe this year.

The list, which ranks companies by market capitalization, includes three companies in Lithuania, two in Estonia and one in Latvia.

Estonia-based Hansapank heads the Baltic entries with $1.34 billion in market capitalization. The Estonian telecommunication company Eesti Telekom is next, ranked 35th with a market capitalization of $812.5 million.

Lithuanian companies include telecommunication firm Lietuvos Telekomas with capitalization of $253.8 million (71st), oil refinery Mazeikiu Nafta (78th, $224.5 million) and natural gas supplier Dujotekana (83rd, $169.9 million). All three companies made the list last year as well.

Latvia's sole entry is gas supplier Latvijas Gaze, which ranked 59th with a market capitalization of $374.4 million.

The Russian oil giant Yukos topped the list, which included 31 Russian companies.