Renaissance Construction Improved its Position in TOP-200 Forbes Ranking
Renaissance Construction is ranked 79th on TOP-200 largest private companies in Russia according to Forbes. The company has risen in the ranking by 6 positions compared to last year. It is already for several years that Renaissance Construction unfailingly keeps a position in the first half of the rating list.
The growth of the Russian economy in 2018 reached a record for six years, 2.3%, despite the tightening of international sanctions and pressure on financial markets. The largest growth, on average by 60.2%, as well as last year, was demonstrated by coal companies. Construction companies took the second place with an average revenue growth of 40.8%.
Forbes has been compiling the ranking of the 200 largest private companies of Russia since 2013. The list includes a total of 200 largest Russian companies, more than 50 percent of their shares belong to private owners. The participants in the list are ranked according to the revenues they’ve reported at the end of 2018.