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Forced liquidations climb 16.5% in 2011

Compulsory liquidation procedures were initiated against 20,300 Hungarian companies in 2011, up 16.5% from 2010, company information provider Opten said on Wednesday.

Opten strategic director Hajnalka Csorbai said the trend was likely to continue and the number of compulsory liquidation procedures started in 2012 could reach 24,000.

The number of voluntary liquidations climbed 67.8% to 22,958 in 2011.