Business slows down

autor zdjęcia: Piotr Nowak

źródło: Fotorzepa

Europe 500 | Leaders of the Region Ended the Year with a Slight Fall of Income.

Piotr Mazurkiewicz

Yesterday, for the eighth time 'Rzeczpospolita' daily together with Deloitte announced in Krynica the 'Europe 500' list that presents the financial results of the biggest companies of the region. "We write about economy every day; therefore, we are also a partner of such an important event as the presentation of the region's leaders," said Bogusław Chrabota, Editor-in-Chief of 'Rzeczpospolita' daily.

Awards for leaders

In 2013, the aggregate income of the 500 biggest companies of the region amounted to EUR 712 billion, which means a slight fall in comparison with the list in the previous edition. In 2012, the companies derived an aggregate income of EUR 715 billion. "The last years have been clearly marked with stagnation, and the current year does not promise to be much better, especially due to the situation in Ukraine. It is why we should expect even worse results," said Jacek Chwedoruk, Managing Director of Rothschield Poland. The effect is not bad, but it is not a good forecast for the next edition, because this year's results can be even worse. 46% of the companies included in the list reported a decline in turnover in 2013 (in 2012 – only 40%)

For the fifth time, as part of the presentation of the list, the Index of Success awards were granted to the best companies of the region. The Slovenian pharmaceutical company KrKa received an award...