ADVERTISEMENT

Report: Fewer companies close for business this month

Tourism

Approximately 4,300 companies ceased to operate in Hungary in May of this year – 400 less than in the previous month – signifying a marked decrease in the number of terminated companies, company database Opten Informatikai Kft., said in a press release today.

Opten noted that a total number of 57,000 companies ceased to exist last year, while 39,500 were liquidated in 2013. According to the report, the sluggish attitude towards initiating business will lead to the further cessation of companies this year.

“Due to the increased number of proceedings against companies, we may see a record number of companies being liquidated this year”, said Tamás Tóth Chief Executive Officer at Opten Kft.

In May, at a national level, the lowest number of liquidated businesses originated from Tolna, Bács-Kiskun and Vas county, while the highest number of terminated companies were from the Budapest, Fejér and Nógrád counties.

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.