Feri EuroRating content with the CEE region

Analysis

”It is inexplicable why Hungary loses huge amounts of money on taking out more expensive loans in order to buy the MOL package while the country implements the strict austerities required by the IMF,” Tobias Schmidt, head of the leading rating agency Feri EuroRating Services told hvg.hu in an interview.

Schmidt is content with the performance of the whole Central-Eastern European region but added that a possible collapse in Western Europe would strongly impact the eastern countries, too.

Rich countries have to save those with a weaker performance ”at any cost”, Schmidt said.

ADVERTISEMENT

Scope Affirms OTP BBB+ Issuer Rating, Changes Outlook to Neg... Ratings

Scope Affirms OTP BBB+ Issuer Rating, Changes Outlook to Neg...

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Number of Job Adverts up Minimally HR

Number of Job Adverts up Minimally

No Lit-up Trams This Year City

No Lit-up Trams This Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.