The European Bank for Reconstruction and Development (EBRD) is supporting green investments in North Macedonia with a €1 million loan to Komercijalna Banka Skopje under the EBRD’s Green Economy Financing Facility (GEFF).

The funds will be available for green investments in the country’s residential sector. This will include investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings.

Andi Aranitasi, EBRD Head of North Macedonia, said: “We are pleased to expand our green activities in North Macedonia and to welcome Komercijalna Banka Skopje on board. Supporting green investments is one of our key priorities and we are glad that the largest Macedonian bank is joining us in this endeavour. Connected to this, overcoming the coronavirus pandemic and building back the economy are also our focus. Green recovery is one of the ways to heal the economy and this loan is a step in that direction.”