The number of corporate insolvency proceedings is increasing

By: Trademagazin editor Date: 2021. 10. 20. 11:20

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In Hungary, corporate insolvency indicators improved dramatically between 2015 and 2020, with the number of proceedings falling by less than half, from 9,545 to 4,293 in five years, but this positive trend appears to be broken, Euler Hermes credit insurer announced in an analysis on Wednesday.

Corporate bankruptcies: positive trend seems to be broken

Bujdosó Tünde, Euler Hermes’ risk management director, explained in the announcement that according to the data of the first half of 2021 there was an 18 percent increase in the number of Hungarian insolvency proceedings, compared to the same period of the previous year. (MTI)