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Number of liquidations grows faster in July

The number of companies that went under liquidation was 1,712 in July, up 29% from the same period last year, well above the 15% registered in the first half of this year, according to data published by Opten, which collects information on companies.

The number of voluntary liquidations amounted to 1,435 in July, rising 11% from July last year, Opten said.

The number of new companies continued declining, with 4,204 new companies established in July compared to 4,352 in the same month last year. In the first seven months, roundabout 10% less new companies were registered than a year ago. (MTI – Econews)