Agriculture is considered to be a good debtor

The last major agricultural bankruptcy procceding was belonged to the Bábolna-based IKR Zrt. It was carrioed out at the end of November 2013.

The company itself requested the initiation of the bankruptcy procceding, because all of its thrre crediting banks, the Raiffeisen, the Erste and the K&H overdued the loans of the firm. The value of the credits was 4-5 billion HUF.

The agriculture and the food industry in the last year passed over the bankruptcy wave, – according to the recently published datas of the Agricultural Economics Research Institute. The bankruptcy rates of the sector showed a rising trend in recent years, and reached its maximum of 4.5 percent in the second half of 2010.