Poland, Czech Republic and Lithuania have highest number of high-growth firms in Central and Eastern Europe
9 December 2014
Poland, the Czech Republic and Lithuania are flying the flag for Central and Eastern Europe when it comes to high-growth companies, according to new research from tax advisory services firm Von Essen.
Tues, 9 Dec 2014
Poland, the Czech Republic and Lithuania are flying the flag for Central and Eastern Europe when it comes to high-growth companies, according to new research from tax advisory services firm Von Essen.
Poland had the highest number of high-growth companies with 8,478 rapidly expanding firms, employing over 900,000 staff.
According to a statement from Von Essen, “this ranking reflects its drive to gain ground on the core members of the EU since its accession a decade ago in terms of economic development”.
The Czech Republic and Lithuania also had comparatively high numbers of high-growth companies, with 9.9% and 9.8% of the respective workforces employed in high-growth businesses. They had 4,970 and 1,858 high-growth companies respectively.
The Czech Republic has the largest proportion of people employed in high-growth businesses of any European country.
The UK was found to have the highest proportion of its workforce employed by high-growth companies of any major European economy with employees of fast-growing businesses accounting for 8.1% of the workforce.
Germany and the UK have the largest number of fast-growing companies in Europe – 32,352 and 22,615 respectively.
Workforce was represented by a percentage of people aged 16 to 64.
High-growth companies were defined as those employing 10 or more staff and which have increased in size by a 10th or more (measured in employment terms) in the space of one year.
Poland, the Czech Republic and Lithuania are flying the flag for Central and Eastern Europe when it comes to high-growth companies, according to new research from tax advisory services firm Von Essen.
Poland had the highest number of high-growth companies with 8,478 rapidly expanding firms, employing over 900,000 staff.
According to a statement from Von Essen, “this ranking reflects its drive to gain ground on the core members of the EU since its accession a decade ago in terms of economic development”.
The Czech Republic and Lithuania also had comparatively high numbers of high-growth companies, with 9.9% and 9.8% of the respective workforces employed in high-growth businesses. They had 4,970 and 1,858 high-growth companies respectively.
The Czech Republic has the largest proportion of people employed in high-growth businesses of any European country.
The UK was found to have the highest proportion of its workforce employed by high-growth companies of any major European economy with employees of fast-growing businesses accounting for 8.1% of the workforce.
Germany and the UK have the largest number of fast-growing companies in Europe – 32,352 and 22,615 respectively.
Workforce was represented by a percentage of people aged 16 to 64.
High-growth companies were defined as those employing 10 or more staff and which have increased in size by a 10th or more (measured in employment terms) in the space of one year.
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