The Need for Introducing Alternative Financial Instruments for the Renovation of the Residential Building Stock
Challenges to the Established Financing Model For over a decade, the renovation wave in Bulgaria has depended on 100% grants through the National Renovation Program. In 2023, the grant intensity was reduced to 80% for the final phase. Between 2012 and 2024, only 162 multifamily buildings in Plovdiv city and region were renovated under national […]