Alisca Bau revenue climbs close to HUF 6 bln in 2015
Construction company Alisca Bau, based in Szekszárd had revenue of nearly HUF 6 billion in 2015, up from just under HUF 5 bln in the previous year, Hungarian news agency MTI reported today.
Last year, the company participated in waterworks and sewerage upgrades and built flood defence infrastructure, the companyʼs CEO István Korcsmár said.
This year, revenue is expected to be halved as new tenders are called for the new European Union funding period, he said. Headcount is expected to fall from about 100 at the end of last year, he added.
Spending on civil engineering projects in Hungary was boosted last year due to a rush to meet the year-end deadline for using up monies from the 2007-2013 EU funding cycle.
ADVERTISEMENT
Századvég Puts 2023 GDP Growth at 0.6%
Parliament Negates Mandatory Membership in MOK
MNB Grants License to Local iBanFirst Fintech Branch
Meet the Expat CEO of the Year Nominees
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.
