“We initially aimed for a turnover of EUR150 million this year but we might miss that because we’ve had to postpone the start of operations in some f our installations,” group co-founder Constantin Damov told MEDIAFAX Tuesday.
Green Group had a profit of EUR12 million last year.
Green Group includes several waste recycling firms and has factories that recycle plastics and synthetic fibers.
The group also plans to open a glass recycling plant in Bucharest by the end of the year, following a EUR6 million investment.
Green Group is held by investment fund Global Finance, the European Bank for Reconstruction and Development, and several firms registered in Taiwan.