EIB commits to review tax haven policy
February 14, 2014 | Read more
During the annual meeting between civil society and the EIB’s Board of Directors, the European Investment Bank committed to review its outdated tax haven policy this year. The commitment which followed a letter from several NGOs expressing such demand, is the most concrete outcome of the meeting which took place on 3rd February in the bank’s headquarters in Luxemburg.
Update: The EBRD clarified in its correspondence with Baby Milk Action that its loan will not be used to finance infant nutrition.
As activists pointed out at a consultation meeting in Tbilisi, Georgia’s hydropower sector has plenty of lessons to be learned by the European Bank for Reconstruction and Development.
Before claiming the moral high ground on fighting corruption in Ukraine, the European Bank for Reconstruction and Development should first of all brush up its own transparency policy and drop old-fashioned arguments in favour of confidentiality and secret conditionalities in its projects.
The growing antagonism between promoters of the Khudoni hydropower plant project in Georgia and their local opponents from Kaishi is unlikely to ease when the investor and the Georgian Ministry of Energy boycott mediation by Georgia’s Ombudsman.
European Parliament criticises Serbia’s lack of progress on renewables
February 4, 2014 | Read more
Facing criticism by the European Parliament of its progress on climate friendly energy sources, the Serbian government tells Bankwatch’s member group that the future of the country’s energy system is none of their business.
