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The number of Hungarian companies that went bust rose 31.5% to 15,066 in 2009, according to Opten, which compiles information about companies.
The number of voluntary liquidations jumped 44% to 14,000 in 2009.
The trend is not likely to improve markedly in the first half of 2010, said Opten strategic director Hajnalka Csorbai.
There were 47,000 new companies established in 2009, down 3% from 2008, falling for the first year since Hungary's transformation into a market economy. (MTI-ECONEWS)