Balaton-Parti Fenntartó és Hasznosító Kft., Siófok

The Company was established with the aim of performing wide-ranging activities, however, its main task was to run and maintain the payable shores of the Town of Siófok. Since January 1, 1998, under the Company?s auspices have been included all such public premises where swimming is feasible. The Company?s initial authorized capital included 4 000 000 Ft of cash, 8.680 000 Ft of non-cash capital contribution, altogether 12 680 000 Ft. By amending its Memorandum of Association on October 20, 1994, the Company increased its capital to 25 million Ft. During its operation the Company has purchased several estates and this way it has considerably increased its corporate assets. It has closed each business year with results and has applied the profit for improving its payable shores. From January 1, 1992 to December 31, 1997 the Company?s investments achieved 74 000 000 Ft out of which the support won at competition was only 2 000 000 Ft.