Trademagazin > News and articles > Market News > The number of corporate insolvency proceedings is increasing
The number of corporate insolvency proceedings is increasing
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)
Related news
Another travel agency went bankrupt
FTI travel group, Europe’s third largest tour operator, has filed…
Read more >Another travel agency pulled down the shutter
Beontrips Kft., a well-known travel organization and intermediary company, announced…
Read more >
More related news >
Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >