KGHM tops ranking of Polish national champions - analysis firm

KGHM is a copper company. Maciej Kulczyński/PAP

Copper company KGHM, oil firm PKN Orlen and chemicals concern Synthos took the top three positions in the ranking of national champions presented by the Polityka Insight analysis and advisory firm on Monday.

Rounding out the top ten were Asseco Poland, PGNiG, Comarch, Boryszew, Polpharma, Stalprodukt and Ciech.

Of the top 50 national champions, 26 were private companies and 24 were controlled by the State Treasury. The largest group was comprised of industrial manufacturing enterprises (17), followed by energy sector companies (8) and transport companies (7).

Deputy Minister of Entrepreneurship and Technology Marek Nieduzak noted in his letter addressed to the participants at Monday's presentation that the national champions play an important role on the Polish market. "They not only have adequate personnel and organisational resources, but also financial and technological resources to develop innovative activities," he said.

He also noted that innovative activity directly translated into the development of the economy, as well as a better perception of Poland on the international market.

Adam Cierniak, chief economist of Polytyka Insight and lecturer at the Warsaw School of Economics, told PAP that four key issues were examined when the ranking of national champions was created: impact on the economy; significance in the industry; foreign expansion, and innovation.