The number of forcibly liquidated companies in Hungary’s construction sector is continuing to rise this year, according to information provider Opten. The numbers of such closed down enterprises in 2008 was 4,436, while it rose to 5,307 in the next year, writes piacesprofit.hu, based on data collected by the company.
However, the number of newly founded companies dropped by 25% in the last year as opposed to 2008. If the owners of such closed down companies choose to remain away from the property sector, there is a good chance that the “cleansing” of the sector could finally begin, said Hajnalka Csorbai, strategic manager of Opten.