The insolvency of the firms affects trade and the construction industry the most

The insolvency index of the Hungarian companies increased by 21 percent in the first half of 2011, compared to the same period of the previous year. Proceedings were initiated against 3.85 percent of the registered companies, compared to the 3.17 percent of the first half of 2010 – announced the Coface Hungary on Thursday.

The international credit insurer sees that the economy is not performing as previously expected, and although, overall it's not a really good news, so far, though, it seems that the market clearing process continues. 2011 can bring another low point in Hungary, because the sign of a turning point have not seen yet. Overall, it is a serious problem, that no major change occurs in order to rescue the troubled companies – reports vallalkozoinegyed.hu.