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Affordable financing models and business models for renovation: how to finance renovations in Central and Eastern Europe and not drive costs up

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A mixed financing model can be considered feasible and sustainable when there is a combination of funding sources: from community savings, subsidies and banking finance to provide the necessary investment. In Central and Eastern Europe, there are well-developed financing schemes, as well as good EU funding opportunities for renovations.

However, when it comes to renovating residential buildings, especially privately-owned multi-apartment buildings, there are very significant bottlenecks in European Union Member States on how to scale up renovation, and this is caused by the lack of community awareness, engagement and investment needed for financing energy efficiency renovations of multi-apartment buildings.

This plenary presents some existing bottlenecks related to energy efficiency investments, as well as good practices to overcome such challenges and make good use of the available EU funding.

Moderator: Grzegorz Gajda – Senior Urban Specialists at the European Investment Bank


  • Judit Rozsa – Director, Coordination, Resources and Aid Programme – Directorate-General for Structural Reform Support, European Commission
  • Elena Szolgayova – Co-chair of #Housing2030 initiative, former Director General of DG Housing Policy and Urban Development at the Ministry of Transport and Construction of Slovakia
  • Besim Nebiu – Director, Central and Eastern Europe and Commonwealth of Independent States, Habitat for Humanity International
  • Anu Sarnet – Coordinator of the Estonian Union of Co-Operative Housing Associations, Coordinator of the Geneva UN Charter Centre on Sustainable Housing
  • Quentin Galland – Public Affairs Director at Knauf Insulation

Interested in learning more? Watch other sessions here.