Revitalisation and energy efficient renovation of Donji grad

Brief outline: 
Comprehensive evaluation of the positive impact of energy efficient renovation in the center of Zagreb was very important and broad socio-economic aspects needed to be taken into consideration. 

Activities planned to be undertaken in the process of renovation could induce new employment and ensure the position of current employees, especially in the construction industry which was significantly hit by the recession and industries involved in the production and maintenance of energy equipment. 

The construction industry in Croatia was seriously affected by recession in the recent period and all indicators related to this industry pointed to constant decrease of activity. Investment in renovation could potentially induce economic activity not only in the locality where the investment was conducted but also in the broader region. Reconstruction in the scope of this program was mainly oriented on the increasing of efficiency in energy consumption and promotion of renewable sources of energy. These activities could decrease import dependence, especially for the group of oil products, and increase the share of demand for national/regional economy and local finance. The input-output method was used in estimation of the direct and indirect economic impact of renovation.

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