On the 26th of October 2018, European Bank for Reconstruction and Development officially announced a launch of a new Green Economy Financing Facility program (GEFF) in Serbia to aid households by providing loans to improve energy efficiency. Financial incentives and technical support for investments into green technologies are provided from European Union (EU) funds, the Federal Ministry of Finance of the Republic of Austria (BMF) and the European Western Balkans Joint Fund (EWBJF) under the Western Balkans Investment Framework (WBIF).
Today’s event in Belgrade has gathered the participants in the GEFF program, including donors, local government representatives, local partner banks, green technology procurers, and manufacturers for the residential sector, among which is our company Radijator Inženjering D.O.O.
The host of the event was Zhuzhana Hargitai, the director of a regional office for the Western Balkans from EBDR. Speeches were also held by Mr. Aleksandar Antic, the Minister of Mining and Energy from the Government of the Republic of Serbia, his excellency Sem Fabrizi, the ambassador and head of the Delegation of the European Union to the Republic of, Mr. Leander Treppel, a representative in the Board of Directors of EBRD and Ms. Violeta Kogalniceanu, Head of Infrastructure and Energy Efficiency at the Energy Community Secretariat. Veronika Spacapan, Principal at the GEFF program from EBRD London presented basic information on this program, after which the representatives of the partner banks spoke, Ms. Feza Tan, Chairwoman of the Management Board of UniCredit Bank in Serbia and Mr. Nikola Stamenkovic, the director of the transaction department for legal entities.
The citizens of Serbia will be able to apply for loans of these partner Banks for the purpose of investments in energy-efficient technological solutions for their homes such as new double-pane or triple-pane glass windows, high-efficiency heating boilers or thermal isolation of objects. UniCredit and Erste are the first banks in Serbia to enter this program.
Households which in this way invest in energy efficiency are qualified for grant funds provided by the European Union as an incentive up to 20% of the investment. The program also provides support to policy and adjusting the legal frame of the country in terms of an object’s energy efficiency standard in accordance with relevant European Union directives.