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Number of liquidation procedures grows 21% in H1

The number of liquidation procedures in Hungary rose 21% in the first half from the same period a year earlier, credit insurance company Coface Hungary told MTI on Thursday.

Liquidation procedures were initiated against 3.85% of all companies registered in Hungary in H1 compared to 3.17% in the same period a year earlier, Coface Hungary said.

The number of voluntary liquidations fell, but the number of mandatory liquidations almost tripled during the period.

The number of liquidations were highest among business segments reliant on the domestic market.