REAL ESTATE BRIEFS

Váhostav's sales increase

The Žilina-based construction company Váhostav expects sales totalling 4.3 billion Sk this year, a 38.5 percent increase over 1995, according to a report in Národná obroda. In the coming years, sales growth is expected to stabilize at 4-5 percent annually. A segment of the firm's traditional portfolio - water dams - will sharply decline from 41.8 percent in 1995 to 23.2 percent in 1998. In contrast, civil engineering will increase from last year's 7.21 percent to 34.77 percent in 1998. The company also plans to construct apartment housing projects. In 1998, Váhostav anticipates making a net profit of 122 million Sk.

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