50 contractors eye Skopje wastewater treatment plant project
Around 50 companies have expressed interest in designing and building a wastewater treatment plant in the North Macedonian capital Skopje, a EUR 136 million project aimed at addressing the pollution and poor quality of water in the River Vardar. The project will be financed through EIB and EBRD loans The wastewater treatment plant project is to be […]
PPC, EPCG get EUR 210 million in loans to absorb coronavirus challenges
State-owned power utilities from Greece and Montenegro – Public Power Corporation (PPC) and Elektroprivreda Crne Gore (EPCG), have secured loans in the amount of EUR 210 million to absorb the challenges presented by the coronavirus pandemic. The loans, approved by the European Bank for Reconstruction and Development (EBRD), will enable the companies to continue to […]
Fool’s Gold: Financial institutions waste billions on coal, undermining climate action
European financial institutions and international investors and banks including BlackRock and Japanese megabanks are keeping Europe’s terminally declining coal industry on life support, handing companies EUR 12 billion in investment, and EUR 9.8 billion in loans and underwriting in less than 1.5 years, according to a new report by Europe Beyond Coal and partners. Such […]
EBRD, UniCredit Leasing support Serbian SMEs transition to green economy
The European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF) and the Government of Luxembourg are supporting small and medium-sized enterprises (SMEs) in Serbia. Financing of EUR 20 million is available through UniCredit Leasing Serbia for investments in climate and green economy projects. GEFF Serbia Leasing is the EBRD’s financing facility of […]
Finance in Motion releases impact investment report Road to Impact
In 2019 Finance in Motion advised funds which had facilitated over 70,000 new loans to small businesses and households and were helping prevent the emission of more than 870,000 tons of CO2 every year, according to its annual impact investment report Road to Impact. The asset manager said that by the end of last year […]
Sparkasse Bank Makedonija secures EUR 2 million under GEFF for green buildings
Sparkasse Bank Makedonija has secured a EUR 2 million loan from the European Bank for Reconstruction and Development (EBRD) under the Green Economy Financing Facility (GEFF) program to support investments in high-performance green technologies in privately owned buildings in North Macedonia. The agreement on loan was signed by Gligor Bišev, Chairman of the Management Board […]
Fresh source of energy efficiency finance available through cooperation between EBRD, Banca Intesa
Businesses, including energy service companies (ESCO), and municipalities in Serbia have a new source of energy efficiency finance thanks to a EUR 15 million loan from the European Bank for Reconstruction and Development (EBRD) to be on-lent by Banca Intesa, the country’s largest bank, according to news releases from the two financial institutions. Businesses and […]
Montenegro launching Energy Efficient Home program, seeking consultants for MEEP 2
Montenegro’s Ministry of Economy has said that it is launching the Energy Efficient Home program, aimed at cutting household heating costs and improving indoor comfort improvement, reducing CO2 emissions in the household sector, and developing a biomass heating system market in Montenegro. The Energy Efficient Home program entails at “attractive” and sustainable financial mechanism aimed […]
