The number of liquidation procedures against Hungarian companies grew 28pc to 23,172 in the twelve months to August, compared to the previous twelve months, company monitoring website feketelista.hu told MTI.
In 2010, 16,133 companies had been wound up, and their number grew 12pc to 18,103 last year.
Chairman of the national association of liquidators Ferenc Somogyi said that the acceleration can be explained with the worsening financial situation of businesses and the stricter actions of Hungary’s tax authority.
Mr Somogyi said there are about 110 liquidators operating in Hungary.
