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Number of companies put under liquidation jumps

The number of Hungarian companies that went under liquidation in May jumped 51% to a record 1,330 from the same month a year earlier, data published by Opten, which complies information about companies shows.

The number of companies put under liquidation in January-May increased 29% to 6,186 from the same period a year earlier year.

Opten strategic director Hajnalka Csorbai said the number of liquidations is expected to reach 15,000 in 2009. The size of companies under liquidation is growing, she added.

1,007 companies were wound up in Hungary in May, up 42% from the same month a year earlier. 5,445 companies were wound up in January-May.

Opten said that 3,296 companies were established in May, 300 less than twelve months earlier. (MTI-ECONEWS)