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The dash for gas in Ukraine - current trends in the production of unconventional reserves

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This study assesses the potential for the use of hydraulic fracturing in Ukraine, looking into potential impacts and costs as well as putting together the country's experiences with the technology to date. The report highlights the fact that Ukrainian companies have used hydraulic fracturing before the shale gas boom with at least two dozens of companies involved in the drilling. (In Ukraine, no specific rules or laws exist that would regulate the use of this hydraulic fracturing. The activities of relevant companies are governed by laws applicable to conventional oil and gas production.)

Agro business shooting star in Ukraine turns into nightmare for investors

The story of the defaulted company Mriya Agro Holding shows what risks investors and creditors are willing to take in the pursuit of profit in Ukraine’s agribusiness. Major creditors, including the International Finance Corporation and export credit agencies have been left with little hopes of recoveries. The European Bank for Reconstruction and Development has escaped the financial loss by a hair's-breadth.

European banks: it's time to quit coal in Ukraine

In a street action being held today in Kiev as part of the Global Divestment Day, Ukrainians call on public and private investors to end financing for fossil fuels, in particular coal, and instead invest in renewable energy sources which represent the only independent source for the country.

UPDATE 7: Juncker on the investment offensive ... against Europeans, the economy and the environment

Labelled the €1.3 trillion investment offensive, more than 2000 projects have been identified by the European Commission’s new Task Force on Investment (made up of representatives of the EC, EIB and member states) for fast-tracked financing from President Juncker’s recently announced €315 billion stimulus plan.

Partners' involvement during EU funds programming: left-out on crucial questions

As the negotiations on the EU funds for 2014-2020 are coming to an end, NGO partners from CEE countries conclude on their involvement during the “programming”, the process of elaboration and consultation of the future EU Cohesion Policy spending plans. Whereas some improvements compared to the previous period can be stated, an even formal compliance with the European Code of Conduct on Partnership is not always guaranteed.

Letters to EBRD regarding loan for Naftogaz pipeline

The letters were sent shortly before the EBRD's board of directors are to approve a loan for the Naftogaz Emergency Pipeline Upgrade and Modernisation project. Since the project has not yet passed through all environmental and social procedures, Bankwatch asked the EBRD's president and its board in separate letters to postpone the board decision.

Juncker’s investment package to be hijacked by countries’ destructive plans

Brussels – A list of projects member states want to see financed from the Juncker investment package has been made public in expectation of tomorrow’s summit where finance ministers will discuss the package. Coal, nuclear and incinerators are among the various countries’ priorities, which fail to add up to the long-term strategic plan to stimulate growth and sustainability in Europe that Juncker promised.

NECU and Bankwatch statement on the incident at Zaporizhye nuclear plant in Ukraine

Statement on an incident at the Zaporizhye nuclear power plant in Ukraine, where a power transformer dysfunction occurred on November 28th.

Another chip off the EBRD block - Kronospan expansion in Belarus

In October this year, the European Bank for Reconstruction and Development (EBRD) approved an up to EUR 50 million loan to a Belarusian subsidiary of the Austrian company Kronospan for the expansion of a particleboard facility at Smorgon in the Grodno region of Belarus. Belarus will provide a guaranteed return on investment for both Kronospan and the EBRD. With the country’s rich wood resources, generous state tax incentives, weak legal environment, toothless trade unions, cheap labour and a generally stifled civil society, the EBRD and its client are not likely to run into the same environmental and legal difficulties experienced by Kronospan in other eastern European countries.

Another Polish road construction in Natura 2000 site, another David and Goliath fight to save protected nature

Road construction in Poland can be a cause for great controversy, particularly when incomprehensible road designs clash with nature.

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