Energy Efficiency

Fund to start paying debts for agreed projects

Photo: Pixabay


September 4, 2016






September 4, 2016





The Environmental Protection and Energy Efficiency Fund (FZOEU) said on August 31 that it would start paying citizens and companies overdue compensations according to the order of received invoices. It got a green light from the Croatian government for overdrafts of up to HRK 100 million (EUR 13.4 million) for liquidity.

“The former fund management irresponsibly and unsustainably contracted energy renewal projects for residential buildings, burdening the fund’s budget for this and next year with HRK 750 million… That effected the users of our funds and we were two and a half months late in payments”, acting director Ljubomir Majdandžić said. The overdue debt is expected to be paid within two weeks, he added.

Revenues of FZOEU were affected by the reduction of the environmental charge for motor vehicles and the abolition of the returnable fee for packaging of milk and milk products and other items. Earlier it said lower share prices of emission allowances on European exchanges were the reasons it will earn EUR 13.4 million less this year.


Related Articles

Albania subsidize solar thermal collectors households up to 70

Albania to subsidize solar thermal collectors for households with up to 70%

03 October 2022 - Albania is conducting a program for the installation of solar thermal collectors for households, where it will cover 70% of the expenses

German investments Serbia depend availability of green electricity

German investments in Serbia depend on availability of green electricity

03 October 2022 - German government official Franziska Brantner said her country and Serbia share the objectives of a green transition

Two four European Sustainable Energy Awards Southeastern Europe

Two of four European Sustainable Energy Awards go to Southeastern Europe

26 September 2022 - Timea Farkas is the Young Energy Trailblazer at European Sustainable Energy Awards and the Minoan Energy Community won in the Local Energy Action category

EU Commissioner Simson this year EUSEW most important so far

EU Commissioner Simson: This year’s EUSEW is most important one so far

26 September 2022 - The European Sustainable Energy Week – EUSEW started today with top EU officials urging for a faster energy transition