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Construction sector liquidations surge in May

Creditors and suppliers launched liquidation procedures against 338 construction industry companies in May, up 22.5% from the previous month, Opten, which compiles information on companies, said on Tuesday.

The number of voluntary liquidations totaled 322 in May, down 26% from April, but still the fourth highest figure ever, Opten said

There were 479 construction companies established in Hungary in May, down 2.5% from April but up 6.4% from the same month a year earlier, Opten said.