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Synergon unit bankruptcy plea approved

Competition

The Municipal Court of Budapest has approved the bankruptcy plea of IT company Synergon Integrator Rendszerszolgáltató, parent company Synergon Informatika announced yesterday.

The bankruptcy came into effect on September 23 and the company is now eligible for a moratorium on payments due to be made.

Synergon Informatika earlier blamed the unitʼs lack of liquidity on problems with an order from the capitalʼs public transport company to build a passenger information system. It said solutions to technical problems, sub-contractor changes and indemnities had added to costs.

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