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Home > European Bank for Reconstruction and Development (EBRD) > Updates on the European Bank for Reconstruction and Development

Updates on the European Bank for Reconstruction and Development

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European Investment Bank confirms plans to finance Trans-Adriatic Pipeline

Blog entry | 4 February, 2015

On February 2, during the annual meeting between civil society and the European Investment Bank’s (EIB) Board of Directors, the EIB revealed that the Trans-Adriatic Pipeline (TAP) was among its priority projects for 2015 in the Balkans.[*] The Trans-Adriatic Pipeline, planned to stretch from Greece via Albania and the Adriatic Sea to Italy, is part of the Southern Gas Corridor, a chain of projects meant to bring natural gas to Europe from the Shah Deniz offshore gas field in Azerbaijan.

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EBRD suspends loan for Romanian coal plant Turceni

Press release | 30 January, 2015

Bucharest — The European Bank for Reconstruction and Development (EBRD) confirmed this week that it has suspended plans to finance the refurbishment of the Turceni coal power plant in Romania. The project is currently subject to a number of legal challenges on environmental grounds and Romanian authorities are investigating allegations of corruption at the plant.

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Citizens of Romanian town protest against EBRD long-term “strategic” client Kronospan

Blog entry | 23 January, 2015

Protests against a new Kronospan formaldehyde plant in the Romanian town of Sebes continue into their third week. Their history dates more than ten years back when the company came to modernise the local plant with financing from the European Bank for Reconstruction and Development. The ongoing demands for breathable air cast a shadow over the EBRD’s promises of sustainable development and transition.

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Guest post: Mongolian herders file complaint with EBRD about Mongolian iron ore company

Blog entry | 21 January, 2015

Herders from the Gobi Altai mountains in western Mongolia have filed a complaint with the European Bank for Reconstruction and Development (EBRD). The complaint addresses the company Altain Khuder, which at its Tayan Nuur iron ore mine has allegedly caused significant environmental pollution and the displacement of herders in the Mongolian Gobi Altai mountains.

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Pipe Dreams: Why the Southern Gas Corridor will not reduce EU dependency on Russia

Press release | 21 January, 2015

Brussels – The Southern Gas Corridor, the EU’s new pet energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia, according to a new NGO study “Pipe Dreams” published today.

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Pipe dreams – why public subsidies for Lukoil in Azerbaijan will not reduce EU dependency on Russia

Publication | 21 January, 2015

The study explains why the Southern Gas Corridor, the EU’s new pet energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia.

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Ohrid Lake facing damage by EBRD financed infrastructure projects

Press release | 12 January, 2015

Concerns mount about increasing threats to Macedonia’s protected areas and the Lake Ohrid UNESCO site by EBRD investments in fast-tracked infrastructure projects.

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Environmental Impact Assessment in focus – A tool to promote democracy and environmental protection

Publication | 26 December, 2014

The Environmental Impact Assessment process is an important tool for the public in both the Middle East and North Africa region (MENA) and the Eastern Partnership region (EaP) to ensure fully fledged public participation. Knowing the general jargon of the EIA process and understanding its structure, functions and aims, provides the public with a great opportunity to ensure its right to participation and to influence decision-making. This publication aims to bring this knowledge to those who can benefit from it.

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All we want for Christmas is to be able to breathe …

Blog entry | 23 December, 2014

As you’re gearing up for the festive season, spare a thought for the long-suffering folks in Pljevlja, Montenegro, and Zenica in Bosnia and Herzegovina, who are fighting against serious pollution of air soil, and water.

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Complaint towards EBRD against Mongolian company Altain Khuder and its Tayan Nuur iron ore mine

Publication | 23 December, 2014

The complaint, filed by seven individuals affected by the mine on 23 December 2014 at the EBRD’s Project Complaint Mechanism (PCM), alleges that the environmental and social impacts of Altain Khuder’s mine are inconsistent with EBRD’s policies. Herders have brought these impacts to the attention of the company on numerous occasions but rather than solving the problems the company has reacted with intimidation and legal action.

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