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More Hungarian construction companies go under liquidation in July

The number of Hungarian construction companies that went under mandatory liquidation in July reached 393, up 35.5% from the same month a year earlier, information compiled by Opten shows.

The number of mandatory liquidation procedures launched against construction companies in January-July rose 15.7% from the same period a year earlier.

The number of mandatory liquidations in the economy as a whole rose 29% in July from the same month a year earlier.

The number of construction companies that went under voluntary liquidation in July came to 229, 17.7% more than in the same month a year earlier. The comparable number for the economy as a whole was up 11%.

Opten said 115 new construction companies were established in July, 20.8% more than in the same month a year earlier. (MTI-Econews)