Where are the Con­ti­nent’s fastest-grow­ing com­pa­nies? Cast your eyes north and east.


If you’re look­ing in Europe’s largest coun­tries for the big­gest con­cen­tra­tions of driven en­trepreneurs, you’re do­ing it wrong. Per capita, the 10 coun­tries with the most Inc. 5000 Europe com­pa­nies—those on this year’s list added more than 311,000 jobs to lo­cal economies— were all tiny, and Eastern Euro­pean or Scan­di­na­vian. The same was true last year, when this year’s No. 2, Es­to­nia, topped the list; this year’s and last year’s top five cities all came from those re­gions as well. All that said: This year, Paris claimed two top 10 busi­nesses–the en­ergy com­pany Forsee Power and the adtech firm Adik­teev. Insert joke about which lan­guage gave us the word en­tre­pre­neur.

BLUE SKIES Ice­land’s Reyk­javik boasts views like this— and the most Inc. 5000 Europe com­pa­nies per capita.

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