Record low August for liquidation of companies in Hungary

14 September 2020

According to statistical company Opten August was a very quiet month in terms of termination and liquidation of companies. August saw the termination of 1659 companies and the liquidation of 217, which is the lowest number in 6 years. Part of this is due to new procedures and restrictions caused by Covid-19, but at the same time companies have taken up a wait-and-see policy, hoping for government bail-outs. Despite this, the government has initiated actions against over 3000 companies that have had issues with not paying taxes, and are in financial problems.

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