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Construction company liquidations rise at faster rate in August

Creditors and suppliers launched liquidation procedures against 237 construction industry companies in August, down from 339 in July, but up 43.6% from the same month a year earlier, Opten, which compiles information on companies, told MTI on Wednesday.

The number of voluntary liquidations totaled 208 in August, 86 more than in the same month in 2010, Opten said.

There were 386 construction companies established in Hungary in August, down from 417 in July and from 408 in August 2010, Opten said.