More and more retailers bankrupt
3.3 percent of the domestic retail companies were closed last year, far more than in the other sectors.
In the first part of 2010 and 2011 the number of bankruptcies increased in retail – states Dun & Bradstreet Hungária.
The trend also shows that the company closures have not yet ended in retail, as the liquidation the bankruptcy procceedings and the insolvency proccedings have also grown over the past year.
The retail sector's collapse ratio until mid-2010 was still below the national average with its 2.85 percent value of while the typical Hungarian insolvency rate of the companies was 2.92 percent – reports Népszabadság Online.
Related news
Related news
In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >Rural accommodations closed a stronger half year than last year
The momentum of tourism in 2023 will continue to make…
Read more >Munch is now available in every Auchan store
From the beginning of May you can get the three…
Read more >