The social development bank for Europe
English français
Partnering with Donors Projects and beneficiaries Energy efficient government buildings in Serbia

Energy efficient government buildings in Serbia

Despite progress achieved in recent years, energy efficiency in Serbia remains relatively low. In relation to its GDP, Serbia uses six times more energy than Germany, with public buildings accounting for almost 40% of energy consumption.

To address this issue, Serbian authorities are implementing energy efficiency renovations of central government buildings in Belgrade. The CEB is supporting the €45 million project with a €40 million loan approved a in 2019.

The Palace of Serbia, a government building being renovated with the support of CEB donors.
The Palace of Serbia, a government building being renovated with the support of CEB donors.

The Bank also secured technical assistance grants worth €0.9 million from donors to ensure that the authorities prepare and implement the project in line with best practice. This technical assistance is financed by the Slovak Republic through its Slovak Inclusive Growth Account, the Spanish authorities via the Spanish Social Cohesion Account, as well as the Western Balkans Investment Framework.

Slovak Inclusive Growth Account

The Slovak Inclusive Growth Account (SIGA) has been established by the Slovak authorities to support CEB’s actions in favour of inclusive growth and environmental sustainability. Slovak authorities have financed €2.5 million in grants from the SIGA, to which they have contributed €4 million.

In this section