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Despite the challenges of the ongoing COVID-19 pandemic, tech companies have seized the opportunity to expand activities and conquer new markets. In this environment, revenue growth for tech companies in the 'Deloitte Technology Fast 50 Central Europe' ranking amounted to an impressive 2,278%. In the 22nd edition of the list, 30% of the fastest growing companies listed in the top 50 are from Poland - with Nethone coming in top place (6th overall)!
Czech and Polish companies dominate the rankings
A total of 16 companies from Poland ranked in the main 'Fast 50' category. Most of the companies (19 in total) come from the Czech Republic. As was the case in 2020, Polish and Czech companies held a total of 70% place in the rankings. The third spot went to Slovakia, represented by five companies. The "Deloitte Technology Fast 50 Central Europe" ranking also includes companies from Croatia (4), Bulgaria (2) and one each from Lithuania, Estonia, Albania and Slovenia.
Agnieszka Zielińska, partner in the Financial Advisory Department and leader of the Deloitte Technology Fast 50 Program in Poland said:
“As many as 450 companies applied for this year's edition, compared to 150 less a year ago. This shows best how Central European technology companies are becoming strong, competitive and growing fast. As could be expected, the catalyst for such dynamic growth for many of them was the pandemic, which forced almost every industry to invest in technology to a much greater extent than it was before.”
Recognizing Central European Tech Successes
The 'Deloitte Technology Fast 50 Central Europe' ranking is a list of the fastest growing technology companies in Central Europea. In addition to the companies distinguished in the main Fast 50 category, Deloitte Central Europe also awarded younger companies in the "Rising Stars" category, which are included in the "Companies to watch" ranking. Companies independently report their willingness to participate in the ranking, and Deloitte verifies the financial data provided by them.
The criteria required to be admitted are:
to have an HQ/base in one of the countries of Central Europe (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia).
to be a technology company whose activities fall into one of the following categories: communication, environmental protection, fintech, computer hardware, health care and medical science, media and entertainment, software production.
to be the owner of intellectual property rights or proprietary technology sold to customers in products that generate the majority of the company's operating income;
to have an ownership structure that excludes a majority stake by foreign strategic investors.
You can read more about the event and relive it all here: