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Number of insolvency procedures remain high in Q1

The number of insolvency procedures remained high in Hungary's construction sector during the first quarter of 2010, totaling 792 after 2770 in 2009 and 2339 in 2008, figures from Creditreform Kft show.

Insolvency figures showed no improvement in the accommodation-services and catering sector either, where the number of proceedings totalled 255 in the first quarter after 873 in 2009 and 614 in 2008, or in the real estate and business-services sector, where the number of liquidations amounted to 867 in the first quarter after 3073 in 2009 and 2190 in 2008. (MTI-ECONEWS)