BPB Bank enters EBRD’s green energy programme
A new bank in Kosovo* has joined the energy efficiency financing programme of the European Bank for Reconstruction and Development. Under an agreement signed by Suma Chakrabarti, EBRD’s president, and Arton Celina, the chief executive officer of BPB, the bank will receive a EUR 1 million credit line for on-lending to small and medium-sized enterprises […]
CEB finances energy efficiency at University of Cyprus
Rolf Wenzel, governor of the Council of Europe Development Bank (CEB), signed a EUR 32 million loan agreement for the financing of extension and renovation work at the facilities of the University of Cyprus (UCy) in Nicosia. Student intake at the largest academic institution in the island country is expected to increase significantly, the statement […]
Green fund seeks approval for greater deficit
As the previous government planned tenders and public calls for energy renovation of houses and buildings unrealistically and in a financially unsustainable way, the budget of the Environmental Protection and Energy Efficiency Fund (FZOEU) for this year and next was burdened with HRK 750 million (EUR 100 million) of obligations which are difficult to settle, […]
EIB opens credit line for energy, environment
The European Investment Bank said it approved a EUR 50 million credit line to SID Bank d.d., Slovenia’s national export and development entity, to finance smaller projects of municipalities and public firms as well as small and medium-sized enterprises and midcap companies in the areas of infrastructure, energy efficiency and the environment. EIB funds will […]
Subotica decides not to withdraw part of KfW loan
At the local assembly meeting the City of Subotica approved the proposal by public heating utility JKP Subotička toplana not to withdraw EUR 1.7 million, part of a loan provided by KfW Development Bank, portal Subotica.com reported. The package worth EUR 4.5 million for the heating plant was agreed on in 2012 with the assistance […]
Presidential residence to have energy makeover
The proposal for an energy upgrade of the Presidential Palace in Nicosia is advancing on the implementation trajectory. The Electricity Authority of Cyprus (EAC) completed the proposal and sent it to environment commissioner Ioanna Panagiotou, who forwarded it to the presidency, Energy News reported. Sources of InBusinessNews revealed the authorities seek the project for the […]
Montenegro presents energy efficiency action plan
The third energy efficiency action plan (EEAP), for 2016-2018, was prepared by the Ministry of Economy and adopted by the government on June 30. The plan was presented in the Chamber of Economy of Montenegro at the meeting of the Coordination Committee for Energy Efficiency and the Environment. The document complies with the requirements of […]
Schneider Electric appoints new director for four markets
Schneider Electric, energy management and automation corporation based in France, said it decided to name Ionuţ Farcaş the new regional director for Bulgaria, Macedonia, Albania, and Kosovo. He will succeed Christophe de Lafarge, who becomes vice president for Southeast Europe and will be responsible for the affiliate business department. Farkaş has been a part of […]
