Balance of establishments and terminations massively negative
The economic situation was unfavourable in 2024
By order of the Metropolitan Court of Budapest
As the situation deteriorates, so the messaging between the parties grows more acrimonious
The dominos keep falling
20% more companies terminated than a year earlier
While another of its companies goes into liquidation
Liquidation starts drop 28% yr/yr in Jan-Sept, though
Problems keep on mounting at the Dunaújváros iron and steel plant
Challenges were also discussed at the Future of Finance 2024 conference
Erosion continues at a slower pace
Got to look very closely for signs of improvement
Liquidation starts and completions rise further in May
January-April terminations second worst since 2018
The company has accumulated losses of HUF 7.7 billion in three years
Total number of companies declines further in February
A host of Hungarian businesses go belly-up
Majority in a wait-and-see mode
The new name is Liberty Dunaújváros
A wave of bankruptcies sweeps through the country