Hungarian companies are on the list of the 5000 most successful companies

Index.hu reports that a company of Chinese owners operating in Hungary is among Europe’s most quickly growing companies. Based on the increase of the turnover between 2011 and 2014 Inc., an American magazine, compiled a list of the 5000 most successful companies of the continent, on which the Setino Hungary Kft. can be found.

Setino Hungary Kft., a wholesaler and online store of children’s clothing, was ranked as the 51^st of the continent’s 5000 most successful companies because, in three years’ time (2011-2014), the company, operated by two Chinese entrepreneurs: Zhou Jing Jing and Wang Huan, managed to increase their turnover by 953%.

According to the firm’s report, their turnover was 3.5 billion HUF in 2014, whereas it was ‘only’ 334 million HUF in 2011. Besides, the company’s profit was 278 million HUF last year, which was built up majorly from export.

Yet, Setino Hungary is not the only Hungarian company on the list: the T-Trans Főép Kft., whose turnover grew from 200 million HUF to 3 and then 6 billion HUF within a few years, won the 55^th position.