News Article EU European Commission green residential Romania smart
by Property Forum | Economy

Romania seeks backing from the European Union for the green rehabilitation and seismic consolidation of buildings. The country aims to receive €2.2 billion worth of EU funds as part of the recovery and resilience mechanism of the European Commission. The scheme deployed across Europe aims to kick start economic growth after the pandemic shock. 

"The primary energy consumption and the green gas emission have to be reduced for the whole building stock, comprising both public and private units," according to the proposal published by the Ministry of EU funds. 

Romanian authorities have proposed the creation of a renovation fund for investments in the energy efficiency and seismic consolidation of residential units, as well as public and historical buildings. 

The investments are set to lower energy consumption of residential units by 30% and pave the way for a green transition to smart buildings.