EBRD RUSSIA/BULGARIA
May 1st, 2005
KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is planning to create a Euro 50 million loan facility to be on lent by banks in Bulgaria to individuals and households making energy efficiency improvements to their homes. The country - which joins the European Union (EU) in 2007 - is a notorious spendthrift when it comes to energy usage. The EBRD said that past efforts in Bulgaria to boost residential energy efficiency "has only been addressed on a grant-funded and experimental basis". It added: "The credit line will be the first ...
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