Company Greentech Ltd. Novi Sad has concluded a cooperation agreement with “Mihajlo Pupin” Institute, GREEN (GReening business through the Enterprise Europe Network) project coordinator in Serbia. GREEN Project is funded by the European Union aiming at expanding the "green business" opportunities and products and services optimization for environmental protection in the region of project participating countries, and carried out through the Enterprise Europe Network.

GREEN Project will help connect environmental services providers (ESPs) to small and medium-sized enterprises (SMEs) in the food industry and construction materials production. The project will encompass workshops informing the participants regarding:

• Technologies improving the environmental performance and competitiveness;

• Existing environmental technologies’ effectiveness and capabilities;

From the onset of 2011 Greentech has invested RSD 3mn in plastic waste collection equipment that was provided to collectors in the territory of Backa Topola, Pancevo and Apatin. Investment will help raise the the capacity of the Greentech’s partners waste packaging collection system, thus increasing the amount of post-consumer PET packaging collected on the above municipalities territory.

Mr. Mihail Mateski, general manager of Greentech Ltd. Novi Sad, is the elected president for the newly established Recycling Industry Council with the Serbian Chamber of Commerce’s Environmental Protection Committee.

The inaugural meeting of Recycling Industry Council with the Serbian Chamber of Commerce’s Environmental Protection Committee saw the Rules of Procedures adoption, with Mr. Mihail Mateski, general manager of Greentech Ltd. Novi Sad and the original Council establishment initiator, being elected the Council president.

According to Mr. Sinisa Mitrovic, the Council coordinator and advisor to the Chamber of Commerce president, Republic of Serbia adopted a number of major environmental laws as well as special regulations in accordance with EU legislation. This has put significant strain on the Serbian industry, with inadequate recycling industry capacity at the same time. It is therefore determined necessary to establish the Recycling Industry Council with the Serbian Chamber of Commerce to address waste flow, export and import licenses, investments, subsidies, charges, credit lines, taxations and financial management issues. The Council will further contribute to the Recycling Industry becoming one of the leaders in the green technology field, stated Mr. Mitrovic.

Economic Counselors of Romanian Embassy in Belgrade, Serbia, Ms. Ralu - Catalina Cereceanu and Ms. Patricia Radut visited Greentech’s Mladenovo based recycling facility on November 18, 2010. They had been detailed the plastic packaging recycling process, with Mr. Mihail Mateski, general manager of Greentech Ltd. Novi Sad, informing them regarding the Greentech’s Serbian operations as well as of those of the entire Green Group.

Romanian Embassy economic counselors satisfyingly noticed that Greentech Ltd. Novi Sad represents Romanian investor’s successful investment example, with Greentech’s original plastics recycling facility established in 2002.