Aktuál Bau analysts expect fruitful 6-8 months

Deals

In announcing expected 18% growth to its net income in 2013, construction firm Aktuál Bau Kft also gave its analysts’ forecast for the near future.

Aktuál Bau CEO Péter Hársfalvi explained that his company’s growth in ’13 has been due thus far to investments made in the first half of the year, reckoning that the seasonal nature of major tender offers and cautious financing practices from Hungary-based banks have caused fluctuation in investment behavior this year. 

For the next six to eight months, Hársfalvi expects an increased number of industrial, commercial and agricultural real-estate projects on the market, due to new incoming European Union funds beginning next year.

The foreign ministry announced last week that Hungary stood to gain some €35 million in funding within the EU’s Financial Framework for 2014-2020, with agricultural projects to prominently feature in disbursement of said funds.

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