Bulgarian Development Bank to Get EUR 150 M for Energy Retrofitting of Homes

Bulgarian Development Bank to Get EUR 150 M for Energy Retrofitting of Homes

The Bulgarian Development Bank (BDB) will receive EUR 150 M from the Council of Europe Development Bank for energy-related renovation of residential buildings.
This is the first step towards securing low-interest loans for which the state covers the guarantee.
The funding will be used for the implementation of Bulgaria’s BGN 1 B National Energy Efficiency Program for Multi-Family Residential Buildings.
The Bulgarian Development Bank is negotiating the signing loan agreements with two other large financial institutions, according to reports of the Bulgarian National Radio. 
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