First Serbo-Albanian industrial waste management company to be launched

Ezo grupa, Belgrade company specialized in ecology and environmental protection, and Aleksandar Biberaj, its partner from Albania, signed the Memorandum for Serbo-Albanian joint-venture company for industrial and hazardous waste management and oil sludge recycling in Albania, Serbian media reported.

According to document signed in south-east Serbia town of Niš, Serbian company will transfer technology and equipment to Albania. On the other side,  Albanian partner will own 30 percent of the new company and will invest capital and his business contacts in Albania.

“This is the first company of its kind and we are expecting that it will encourage others to do business in Albania, especially in the waste management sector” said the president of the Ezo group Dragan Stanković.

The company will be officially registered in November, and the first project is expected to start in December. As announced, it will be the project of cleaning the oil tanks.

Memorandum was signed in Niš, mid-October 2016.