The Green for Growth Fund’s Technical Assistance Facility (TAF) has sponsored a seminar in Belgrade organized by fund partner ProCredit Bank Serbia. The event, held in early November in Belgrade, presented energy-efficiency (EE) business solutions to around 30 small and medium enterprises (SMEs). The seminar was the second such ProCredit Bank seminar sponsored by the TAF. 

Over the past few years, ProCredit Bank has lent more than EUR 100 million to SMEs and homeowners to improve the energy efficiency of businesses and private households. For the November seminar, the bank invited companies offering EE solutions for the Serbian market, and attendees included representatives from CEEFOR, Viessmann, the Blagojević Company, and Saint-Gobain Weber. The seminar featured case studies showing domestic businesses the benefits of EE solutions and the cost-effectiveness of such investments in Serbia. In addition to the vendor presentations, bank employees demonstrated ProCredit solutions for financing EE investments. 

Early this year, the GGF TAF supported the development of a brochure "Save energy. Save costs. Develop your business", which ProCredit Bank uses to promote the benefits of EE investments in various types of businesses. 


The Green for Growth Fund invests in measures designed to cut energy use and CO2 emissions by a minimum of 20% in 19 markets across Southeast Europe, the Caucasus, Ukraine, Moldova, the Middle East and North Africa. The fund provides financing to local partners that on-lend to enterprises and private households, and it invests directly, primarily through the contribution of senior debt, in renewable energy projects. The GGF’s Technical Assistance Facility maximizes the fund’s investment impact through support for capacity building at local financial institutions and partners. 

The GGF was initiated as a public-private partnership in December 2009 by Germany’s KfW Development Bank and the European Investment Bank, with financial support from the European Commission, the German Federal Ministry for Economic Cooperation and Development, the European Bank for Reconstruction and Development, and the Austrian development bank OeEB. The fund’s growing investor base comprises donor agencies, international financial institutions and institutional private investors, including the International Finance Corporation, the Dutch development bank FMO, the German ethical bank GLS, and Church of Sweden. The GGF is privately managed by Oppenheim Asset Management Services 

S.à r.l., Luxembourg and advised by Finance in Motion GmbH. MACS Management & Consulting Services GmbH, Frankfurt am Main acts as the technical advisor. 

To download the news release click here. 

Contact for more information

Eric Culp
Phone: +49 (0)69/271 035-307

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