Opten had 20 percent more cancellations in February than start-ups

In February, the number of cancellations was 20 percent higher than start-ups, with 3,808 company deletions announced with 2580 start-ups, but the decline in the number of companies seems to be slowing down, according to an Opten announcement published on Tuesday.

According to the company information provider’s analysis, the number of canceled companies in some months of 2019 exceeded the number of new start-ups by more than 60 percent. Opten sees that the consolidation process is coming to an end and the number of companies is slowly stabilizing. Larger fluctuations are expected only when there is a major change in company law or an economic change would occur. (MTI)