Business Closures At Record High In Hungary In First Half
- 13 Jul 2012 9:00 AM
In the first half, 18,200 companies closed down, a record high level, up from 11,300 a year earlier, website feketelista.hu reports. In the first half 2.9% of all companies closed down. The number of new companies registered was 13,100, down from 25,400 one year earlier. The number of companies stood at 640,300 on June 30, 2012.
Starting this year, the tax authority is closing down companies which cannot be reached at their official address, or have no CEO, or which failed to file an annual report, and the fee for company registration has been increased.
Source: Hungary Around the Clock
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