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.
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
Márton Nagy: Domestic consumption is strengthening
Domestic consumption is strengthening, internal demand and the performance of…
Read more >Eurozone inflation accelerated to 2 percent in October
On an annual level, the increase in consumer prices in…
Read more >KSH: in August, the product foreign trade surplus was 443 million euros
In August, the volume of exports decreased by 5.6 percent…
Read more >