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BUSINESS IN SHORT

One Slovak tech firm makes CEE list

ONLY one Slovak company made it onto a ranking of the 50 fastest-growing technology companies in central Europe drawn up by accountancy firm Deloitte.

ONLY one Slovak company made it onto a ranking of the 50 fastest-growing technology companies in central Europe drawn up by accountancy firm Deloitte.

The Slovakia-based company Sygic ranked 27th, with growth in revenues of 526 percent over the past five years, the TASR newswire reported. The firm makes navigation systems for mobile phones.

“It was definitely also thanks to the fact that since the very beginning our product has been ready for various platforms, and thus we were able to supply various markets and sectors faster than our competitors,” said Michal Štencl, the general director of Sygic, as quoted by TASR.

The highest-ranking company this year was the Romanian internet flight ticket seller Vola.ro. The revenues of the company grew by 17,323 percent over the past five years. The Czech sports website LiveSport ranked second, with overall growth amounting to 2,441 percent, while the Polish software company i3D ranked third with a 2,254-percent growth rate.

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