Kota expects 6m euros

Kota Construct Bucharest expects turnover worth about six million euros this year, up from the 2.8 million euros posted last year. “The evolution of financial indicators is sustained by several new contracts which involve a higher volume of works,” stated Nicolae Calin, the company’s chairman. This autumn, the firm will finalise the construction of a luxury residential complex in Bucharest, a project funded with $2.5 million by Spanish company Ibiza Construct. “We hope to collaborate with Ibiza for the next real estate complex the firm will build in Pipera area,” Calin also said. At the same time, Kota Construct is currently building a four-level hotel in Predeal, a complex of villas in Baneasa district, as well as several homes for natural persons. “The Romanian constructions sector is on an ascending trend, which will lead to the development of companies operating in this field. The quality of works and serious involvement will make the difference on this market, though,” Calin stated. ZF