Number of mandatory liquidations up 31% in March

Tourism

The number of mandatory liquidation procedures initiated against Hungarian companies came to 1,964 in March, up 31% from a year earlier, company information provider Opten said on Monday.

The number of voluntary liquidations jumped 53% to 3,928 in March from a year earlier, Opten said.

The number or mandatory liquidations was 5,828 in the first quarter of 2012, up 33% from a year earlier, and the number of voluntary liquidations was 9,048, up 54% yr/yr, Opten said in the statement.

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