With gas bills on the rise, apartment building coop boards are taking out five times the volume of government ‘warm loans’ compared to last year

With gas bills on the rise, apartment building coop boards are taking out five times the volume of government ‘warm loans’ compared to last year, reports Energy Efficiency and Energy Saving Agency. In June, 300 apartment building managers took out $3.5 million of these credits, which are designated for weather proofing older residential buildings Most of Ukraine’s housing stock was built from 1950 to 1990, an era of cheap gas. Today, 60% per of the population relies on subsidies to pay heating bills. Last week, GIZ, Germany’s development agency, announced it will contribute to Ukraine’s new Energy Efficiency Fund.