Central Eastern European countries are quite famous for their engineering and technology-related schools. Moreover, during the cold war and communist times they used to have companies with strong engineering and technology capabilities. For the last 15 years, after the Iron Curtain fall, most of the companies didnot have the resources to invest in technology upgrades, and especially in the last decade the technology change rate has been quite dramatic. Things seem to have changed in the last years though, since, as I mentioned in the post from below, the investment community interest and awareness of the tremendous potential from the area increased considerably. As such, the emergence of new technology players fighting for becoming competitive at the regional and global level.

Deloitte has made a research study with the fastest growing technology companies in Central Europe. Growth is computed in years 1998-2002. The countries accounted for and the number of companies that made it to the top are: 

- the Czech Republic - 15

- Estonia - 1

- Hungary - 3

- Latvia - 4

- Lithuania - 0

- Poland - 9

- Slovakia - 6

- Slovenia - 2

Unfortunately only the increasing rates are provided, the study would have been more interesting if we had the turnover or profit figures.