Spectacular Surge in Profits of CEE Technology Companies

CompaniesIndustrials ♦ Published: October 18, 2011; 18:00 ♦ (Vindobona)

The annual Deloitte Technology Fast 50 Program honors the fastest growing Central European technology companies. It is based on the percentage of revenue growth over five-year period.

Spectacular Surge in Profits of CEE Technology Companies / Picture: © Vindobona.org

This year Deloitte has noticed an increase in the number of companies that classify themselves as ‘Internet’ businesses, which is representative of the shift of broader technology companies to being more online focused. In the coming years the analysts expect more activity in this space.

Romanian Internet airline ticket retailer Vola.ro placed at the top of the 2011 ranking…