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Mandatory liquidations rise 7% in May

The number of mandatory liquidations against Hungarian companies rose to 1,600 in May, up 7.3% yr/yr and up almost 14% from the previous month, company information provider Opten said on Wednesday.

The number of mandatory liquidations was down in April from the previous month and rose just 1.7% from a year earlier.

The number of voluntary liquidations was 1,722 in May, up 38.4% yr/yr.

There were 3,584 new companies established in Hungary in May, down 509 from April.