BDO: more and more companies are in debt spiral

In Hungary, more and more companies are falling into fatal debt spiral – the BDO consulting firm draws attention.

Referring to the datas of the Financial Supervisory Authority, the BDO highlights in its communication that the companies’ corporate loan repayment discipline steadily and substantially deteriorates in Hungary.The rate of  backlog over 90 days was 12.9 percent in the middle lof 2011, amounted to 14.4 percent at the end of 2011, and in June 2012 it was 17.6 percent. (MTI)