Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

E-Star Alternativ Falls to Five-Week Low on Municipality Debts

Oct. 1 (Bloomberg) -- E-Star Alternativ Nyrt., a Hungarian energy company, fell to the lowest in almost five weeks after halting services to towns that fell behind on payments.

The shares dropped 5.1 percent to 407 forint by 11:08 a.m. in Budapest, extending its losses in the past six days to 11 percent.

E-Star said its seeking to protect investors after some municipalities accumulated debts for as long as 1 1/2 years, causing “growing liquidity problems,” according to a statement to the Budapest Stock Exchange on Sep. 29.

“E-Star has less and less operating projects thus generating sufficient cash flow to meet future debt/bond obligations is exposed to increasing risk,” Peter Szentirmai, a Budapest-based analyst at KBC Groep NV’s broker unit, wrote in a research report today.

To contact the reporter on this story: Andras Gergely in Budapest at

To contact the editor responsible for this story: Gavin Serkin at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.