EBRD should not invest in Polish energy company suspected of corruption, say European NGOs
Press release | 17 September, 2012Warsaw – The European Bank for Reconstruction and Development is considering participating in a EUR 772 million loan for a subsidiary of major Polish energy group ENEA, whose management is currently being investigated by authorities because of alleged irregularities in management and misuse of public funds.
Read moreAnother case of alleged corruption in a CEE energy company
Blog entry | 17 September, 2012Alleged corruption at Poland’s second biggest state-owned energy company ENEA S.A. may compromise yet another project financed by European public banks.
Read moreMoney lost, safety postponed: On the mismanagement in Ukraine’s energy sector
Blog entry | 23 August, 2012A recent audit showed that Ukraine lacks good management at least as much as finances to reform its energy sector. EU money is meanwhile siding with a tainted company.
Read moreSpot the difference: Alstom in Indonesia and Slovenia
Blog entry | 31 July, 2012The company hired to build a new unit at the Sostanj lignite power plant is involved in strikingly similar corruption cases across continents.
Read moreDon’t let facts get in the way of a good EBRD Roma headline
Blog entry | 26 July, 2012The EBRD’s claims it has helped turn Serbia into a “role model for social inclusion of Roma” ring hollow in light of the plethora of abuses of Romas’ rights in other cases in Serbia.
Read moreState guarantee vote for TES 6 overshadowed by OLAF corruption investigation
Press release | 20 July, 2012A state guarantee law supporting the construction of a 600 MW lignite plant at Sostanj in Slovenia (TES 6) was passed this week despite allegations of corruption against the management of the company remaining unsettled. Even more, the European Anti-Fraud Office (OLAF) recently opened an official investigation into TES 6. (1)
Read moreBringing EU standards to third countries?
Blog entry | 13 July, 2012When the European Investment Bank and the European Bank for Reconstruction and Development invest money in our countries, they are often expected to promote good practices in the projects they support.
Read moreMEPs call for responsible new EBRD mining strategy
Press release | 12 July, 2012Brussels – The new mining strategy of the EBRD risks contradicting the EU Resource Efficiency Roadmap and responsible mining principles, argue 22 MEPs in an open letter to European Commissioners which asks the EC to take a more active role in improving the EBRD mining strategy currently under review. (1)
Read moreWorld to EBRD: Don’t finance the next Chernobyl
Blog entry | 4 July, 2012With an EBRD loan decision for Ukraine’s nuclear reactors getting closer, people across Europe are now asking in a petition on Avaaz.org’s community site not to finance Ukraine’s risky nuclear lifetime extensions.
Read moreLonely advocacy at Kolubara lignite mine
Blog entry | 28 June, 2012On a visit to the Kolubara mining complex in Serbia, Bankwatch staff was denied a meeting with the mining company, because of them caring for the environment.
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