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June 2016

Financial trouble of Ukraine's nuclear operator calls Europe's financial support into question

Energoatom is currently unable to serve loans from European institutions. Even though a European Commission study assessed the company’s credit worthiness, Ukrainian taxpayers now have to pay back part of the loans.


MEP Pirinski: "The EIB should pay more attention to economic, social and territorial cohesion"

MEP Georgi Pirinski, rapporteur of the annual report on the European Investment Bank, shares his views on how to improve the way the bank operates.


Guest post: Municipalities are crucial for citizen-owned renewable energy in the Czech Republic

Czech environmental and law groups have proposed a law amendment to revive the disadvantaged renewable energy sector in their country. Karel Polanecky from Bankwatch member group Hnuti Duha explains their initiative.


New damage to hydropower project a bleak reminder of development bank missteps in Georgia

On June 23 mudflows from the Devdoraki glacier again hit the Dariali gorge and washed away a road and infrastructure connected to two hydropower projects planned in the north of Georgia. The destruction included the water intake for the 19 megawatt Larsi hydropower plant and the derivation pipes for the Dariali hydropower plant.


Campaign update: environmental and health impacts of Serbian planned coal power plant Kostolac B3 discussed in court hearing

The possible cancellation of the Serbian government’s decision to construct a new 350 MW unit at the Kostolac B lignite power plant was discussed on June 23 at the national administrative court of Serbia.


Campaign update: Georgian mountain communities consider restoring long abandoned tradition to tackle threats to their land

With hydropower and mining projects encroaching on their lands and livelihoods, Svan communities in Georgia’s northwest consider convening in an ancestral assembly to discuss their course of action.