KYIV, June 11 – NEFCO (Nordic Environment Finance Corporation) over the past three years canceled energy efficiency projects in 18 Ukrainian cities due to bureaucratic obstacles, which is approximately 20% of the organization's investments, and losses from unrealized projects are estimated at about EUR 35 million, Chief Investment Advisor at NEFCO in Ukraine Yulia Shevchuk said during the 12th European-Ukrainian Energy Day.

"Over the past three years, we have 18 Ukrainian cities with which our energy efficiency projects have been canceled for reasons related to the Ukrainian side," she said during the 12th European-Ukrainian Energy Day.