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Number of mandatory liquidations falls in Sep after Aug backlog

The number of mandatory liquidations started in October totaled 1,305, down about 7% from September, when the number rose because of a backlog from August, according to data compiled by Opten, which collects information on companies.

The number of mandatory liquidations started in January-October rose 31% from the same period a year earlier.

The number of voluntary liquidations reached 10,841 in January-October, compared to 9,700 for the full year in 2008.

More bigger companies are undergoing liquidation, said Opten strategic director Hajnalka Csorbai.

There were 4,500 new companies registered in October, down from 4,900 in the same month a year earlier. The number of new companies registered has fallen steadily since February 2009. (MTI-Econews)