An agreement between the Green for Growth Fund (GGF) and Swedish International Development Cooperation Agency (Sida) enabled the expansion of green lending in the Western Balkans and the European Union’s Eastern Neighborhood. With the new unfunded guarantee of EUR 60 million, GGF can provide EUR 120 million in loans through financial intermediaries and directly to […]
The past three to four years have been nothing short of transformational when it comes to the energy transition in the Western Balkans, said Borislav Kostadinov, Finance in Motion’s Fund Director for the Green for Growth Fund, in a keynote address at Belgrade Energy Forum. The region has responded to the energy crisis with innovation, […]
Prime Minister of Milojko Spajić has merged two ministries, so Minister of Mining, Oil and Gas and Coordinator of the Ministry of Energy Admir Šahmanović took the helm at the joint energy and mining portfolio. Among his primary responsibilities are the completion of the domestic part of the Trans-Balkan Electricity Corridor, the installation of the […]
The Ministry of Energy, Electricity System Operator (ESO) and the Bulgarian Development Bank (BDB) are launching a solar power program for municipalities, schools, kindergartens, hospitals and small businesses. There are no upfront costs and the installations become the beneficiary’s ownership within eight years. Minister Zhecho Stankov said the goal is to create the largest energy […]