Construction sector liquidations rise to 400 in September - Opten

Automotive

Creditors and suppliers launched liquidation procedures against 401 construction industry companies in September, 138 more than in August, but practically level with the same month a year earlier, Opten, which compiles information on companies, told MTI on Thursday.

The September figure is the third highest after 491 in June and 402 in September 2010, Opten said.

The number of voluntary liquidations more than doubled in September to 356.

There were 488 new construction companies established in Hungary in September, 42 more than in August, but 6% fewer than in the same month a year earlier.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.