Sitemap

EBRD, EU And Austria Finance Energy Efficiency In Serbia’s Homes

More...

Swiss Regent Lighting Opens Factory In Serbia

Swiss company Regent Lighting opened a factory...

€177.6m For Development Of Digital Economy, Innovative Business

Prime Minister Ana Brnabic chaired today the...

FDA Panel Backs COVID-19 Boosters Only For Elderly And High-Risk

Dealing the White House a stinging setback,...

EIB Continues Supporting Faster And Greener Economic Growth And EU Accession Of Serbia

The European Investment Bank (EIB), the bank...

€177.6m For Development Of Digital Economy, Innovative Business

Prime Minister Ana Brnabic chaired today the first session of the Council for Encouraging the Development of Digital Economy,...

FDA Panel Backs COVID-19 Boosters Only For Elderly And High-Risk

Dealing the White House a stinging setback, a US government advisory panel overwhelmingly rejected a plan Friday to give...

EIB Continues Supporting Faster And Greener Economic Growth And EU Accession Of Serbia

The European Investment Bank (EIB), the bank of the European Union, will continue to provide hands-on support for fast,...

EU Special Representative Miroslav Lajcak To Visit Serbia

The European Union Special Representative  (EUSR) for the Belgrade-Pristina Dialogue and other Western Balkan regional issues, Miroslav Lajčák, will...

EBRD Supports Modernisation Of Serbia’s Elektrodistribucija

The European Bank for Reconstruction and Development (EBRD) is extending a €40 million loan to Serbia’s electricity distribution company, Elektrodistribucija Srbije...

Households in Serbia are set to benefit from the further expansion of the Green Economy Financing Facility (GEFF) with a new €5 million loan in local currency provided by the European Bank for Reconstruction and Development (EBRD) to ProCredit Bank.

The funds will be available to private borrowers for investments in energy saving measures such as insulation, windows, heat pumps, solar panels and other solutions. Once the measures are successfully installed, borrowers will be eligible for a grant of up to 20 per cent of the loan amount, funded by the European Union (EU).

ProCredit Bank is the third bank in Serbia to join the GEFF programme, which provides funding for energy efficient investments that will help building a greener and more sustainable economy. The international ProCredit Group, headquartered in Frankfurt, is a development-oriented commercial bank and active in many of the economies where the EBRD invests.

The new financing is secured by the €135 million GEFF programme for the Western Balkans, which is supported by the EU, the Western Balkans Investment Framework (WBIF) and the Austrian Federal Ministry of Finance, and is part of the Regional Energy Efficiency Programme (REEP) for the Western Balkans. The aim of the programme is to support the region, known for its high energy intensity, to improve energy efficiency in its residential sector, which is one of the biggest energy consumers.

Related

Vladimír Bilčík, European Parliament Rapporteur For Relations With Serbia

Compromise Is Possible

I do believe that there is enough space and time to continue this dialogue and to reach a meaningful agreement that would lead to...

Farewell Reception For Ambassador Sem Fabrizi

Ambassador of Italy to Serbia, H.E. Carlo lo Cascio was the host of the reception in honour of the Head of the European Union...

Matteo Colangeli, EBRD Regional Director, Head of Serbia, said: “We are pleased to welcome ProCredit Bank to our GEFF programme, which has already helped over 2,200 homeowners in Serbia to improve the energy efficiency of their homes. We hope that this new credit line will reach even more households, reducing their energy consumption and contributing to better air quality in their communities.”

“This latest contract with the EBRD is a big step forwards for us as it will bring new energy efficiency technologies closer to our clients,” added Igor Anić, Chairman of the Executive Board of ProCredit Bank. “For many years ProCredit Bank has been committed to financing energy efficient solutions, to which the best testimony is the amount of our currently active green portfolio, which exceeds €150 million. We are confident that the GEFF credit line will further increase our green portfolio and improve the quality of life of our clients.”

To date, the GEFF in Serbia has reached more than 2,200 households and provided loans of more than €7.6 million for individual projects, via partner financial institutions, that have contributed to savings exceeding 5,800 MWh of energy and a reduction of over 1,700 tonnes of CO2 emissions a year. The most frequently financed technologies are windows, doors, insulation and heat pumps.

Source:ebrd.com

Related Articles

EU Special Representative Miroslav Lajcak To Visit Serbia

The European Union Special Representative  (EUSR) for the Belgrade-Pristina Dialogue and other Western Balkan regional issues, Miroslav Lajčák, will visit Belgrade from 20 to...

EBRD Adopts New Country Strategy For Montenegro

The European Bank for Reconstruction and Development (EBRD) has adopted a new country strategy for Montenegro for the period 2021-2026 with three priorities: Strengthen private sector competitiveness  The EBRD’s key priority in...

EBRD Supports Modernisation Of Serbia’s Elektrodistribucija

The European Bank for Reconstruction and Development (EBRD) is extending a €40 million loan to Serbia’s electricity distribution company, Elektrodistribucija Srbije (EDS) to finance the roll-out...

EU Donates Vehicles For Transportation Of Vaccines, Medical Staff To Serbia

Today, Head of the European Union Delegation to Serbia Emanuele Giaufret handed over the keys to 26 specialized vehicles for transporting vaccines and medical...

H.E. Emanuele Giaufret, Head of the Delegation And The Ambassador Of EU To Serbia

Emanuele Giaufret has been appointed the EU Ambassador to Serbia in September 2021. He took this position after serving four years as the EU...

Construction Starts On Electricity Interconnector Between Albania And North Macedonia

Work has started on the construction of a new power substation in Ohrid, a key component of the first electricity interconnector between Albania and...

Next Round Of Inter Party Dialogue

European Parliament’s facilitators, MEPs Vladimir Bilcik and Tanja Fajon, as well as former MEPs Knut Fleckenstein and Eduard Kukan, endorsed a “draft working document”...

Third Shipment Of COVID-19 Vaccines Procured Through The COVAX Facility Arrives In Serbia

Serbia has received a new shipment of COVID-19 vaccines procured through the COVAX Facility. The third delivery of 115,200 doses of the AstraZeneca vaccines...