CEE Companies in a Turmoil

Markets ♦ Published: September 14, 2010; 15:02 ♦ (Vindobona)

According to a study by Deloitte, last year Eastern Europe’s top 500 companies showed a clear decline in sales.

CEE Companies in a Turmoil / Picture: © Vindobona.org

The 2009 crisis year has been responsible for a "painful" decline in sales for the 500 largest companies in Central and Eastern Europe (CEE) by about one-fifth, to 525.41 billion euro, as compared to the previous year. This is the conclusion of a ranking made by the consulting firm Deloitte.

Therefore only 90 companies could achieve a higher growth last year than in 2008, with an…