Liquidation procedures up 19.2% year-on-year in first eight months of 2010

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Liquidation procedures were initiated against 11,512 companies in Hungary during the first eight months of 2010, up 19.2pc yr/yr, information compiled by Opten shows.

Opten Strategic Director Hajnalka Csorbai noted that liquidation procedures were initiated against more companies in the first eight months of 2010 than during all of 2008, when a total of 11,451 companies underwent liquidation.

Liquidation procedures were initiated against 857 companies in August of this year, up from 576 in August of last year.

Opten noted that 30,494 new companies were registered in Hungary during the first eight months of 2010, down a slight 2.9pc yr/yr.

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