A deteriorating economic situation across Central Europe combined in 2013 with an increasingly uncertain geopolitical situation to drive revenue stagnation for many of the region’s largest companies.
For the third year in a row more companies in the Central Europe have reported declines on their revenues, reflecting the economic slowdown of the region. And company results from the first quarter of 2014 indicate that for a high proportion of these, stagnation has this year transformed into actual decline.
This is the headline finding of the eighth annual Deloitte CE Top 500 report, which charts a steadily worsening economic and business situation across Central Europe to leave little room for optimism relating to the financial outlook of its largest companies over the next few months.
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(Photo: Leah Sawyer)