The economic growth of central and eastern European countries means a UK company has not made it to the top ten of an annual list of fast growing European firms for the first time in ten years.
The 2006 'Europe's 500 Entrepreneurs for Growth' report, supported by Microsoft and KPMG, found the new EU member states were outstripping the west in both job creation and turnover growth across all business sectors.
Six new EU member states - Estonia, Hungary, Latvia, Lithuania, Poland and Slovenia - qualified for the league for the first time, joining the Czech Republic which was first listed in 2005. Collectively their 46 winning companies delivered annual job growth of 21.1%, outperforming the other EU and EFTA (European Free Trade Association) countries.
Ever since 1996, when the list was first...