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Construction sector liquidations fall in April

Creditors and suppliers launched liquidation procedures against 276 construction industry companies in April, down 10.1% yr/yr, Opten, which compiles information on companies, said on Wednesday.

Compared with the previous month, the number of liquidations fell 17.4% in April.

The number of voluntary liquidations totaled 434 in April, double compared to the same month of 2010.

There were 491 construction companies established in Hungary in April compared to 650 one year earlier, Opten said.