Opten: The liquidation procedures have stalled! Does it indicate insolvency or an aftereffect of Covid?

By: Trademagazin Date: 2022. 11. 29. 10:25

Changes in liquidation procedures dominate the company trend in October, with the number of initiated procedures exceeding 1,000. This is almost four times more than the same period of the previous year, but compared to the last “year of peace” similar period – 2019 – it is a threefold increase. October has become the “strongest” month in the past five years in terms of the initiation of liquidation procedures.

Several companies decided to close their doors

A kind of reorganization characterized the company trend in October, both in the initiation of procedures and in the case of foundings and terminations. The September windstorm due to KATA seems to have subsided, but the months of December and January may still hold surprises, since in many cases the end-of-year reports are used by companies as a closing report, thus freeing them from the costs of preparing two reports. What draws attention in this case, based on OPTEN’s database, is the dynamic increase in the number of liquidation procedures. All of this was true not only for October, but also for September, when the focus was mostly on the final accounts related to the KATA change.