On April 15, 2022, the Government of the Republic of Armenia approved the program of state support for energy-efficient renovation of apartments and houses.
The interest rate on loans for energy-efficient renovation of an apartment (dwelling house), according to the program, will be subsidized by the state throughout the term of the loan, but not for more than 7 years.
"According to statistical data in the Republic of Armenia, there are 19,183 apartment buildings with 446.0 thousand apartments and 417.3 thousand residential houses (in general, about 860.0 thousand residential units). About 80% of the existing housing stock (about 690.0 thousand housing units) was put into operation during the Soviet years; most of that fund has not been renovated since the privatization process," the decision says.
April 15, 2022 at 19:58