EIB commits to review tax haven policy
Blog entry | 14 February, 2014During 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meeting between civil society and the EIB’s Board of Directors, the European Investment Bank committed to review its outdated tax haven policy this year.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.
Read moreEIB lending for the Czech Operational Programme Transport 2007-2013
Publication | 12 February, 2014The Operational Programme Transport 2007-2013 is expected to provide EUR 5.8 billion for transport projects in the Czech Republic. Of this amount, up to EUR 1.3 billion should come from the EIB via the Structural and Cohesion Funds Transport Framework Facility for 2007-2013, with some 55 percent earmarked for investments in new motorway corridors and the rest for upgrades to existing rail corridors. An analysis of the OP project showed many cases of misuse of the public funding.
Read moreIndicators to measure the results of EIB operations must differ inside and outside EU
Publication | 10 February, 2014This briefing presents concern regarding the proposal to formalise one set of result measurement indicators for operations inside and outside of Europe. The EIB has worked now since 2012 on a framework for assessing and measuring development results for operations outside the EU called the Results Measurement Framework (REM). After its 2012 capital increase, the EIB began a revision of the Value-Added (VA) assessment of the bank’s operations within the EU and Pre-Accession countries. As a result, the Three Pillar Outcomes Assessment (3PA) was implemented in 2013.
Read moreEIB energy and climate action lending 2012 by the numbers
Publication | 3 February, 2014The latest available lending figures from the European Investment Bank show a striking imbalance between what was invested in old and new EU Member States.
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Charts: The two worlds of EIB climate action
Blog entry | 3 February, 2014Our analysis of the latest available lending figures from the European Investment Bank show a striking imbalance between what was invested towards climate adaptation and mitigation in old and new EU Member States.
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Guest post: A Balkan lesson for coal investors
Blog entry | 28 January, 2014When Dr. Kim, President of the World Bank, and leaders of other international financial institutions ponder funding new coal power projects this year – like the one in Kosovo – there’s one word that should be seared into their memories: Sostanj.
Read moreUPDATED: Slovenia continues to fall into the economic abyss of the lignite plant at Sostanj
Press release | 24 January, 2014Ljubljana – The scandal-marred lignite plant TES 6 at Sostanj in Slovenia will likely cost 1.44 billion euros (2 billion US), more than double than what was initially predicted, and is due to produce annual losses of 50 million euros, show calculations recently revealed by Slovenian media. These cost escalations, predicted by NGOs critical of the project, should constitute a word of caution for other countries in South-Eastern Europe that are considering building new coal capacities.
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PPPs a threat to national security, says Czech national security service BIS
Blog entry | 21 November, 2013The complicated nature, hidden future debts and other characteristics of public-private partnerships have led the Czech Republic’s national security service to consider them a potential threat to public interests.
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Funny business as usual in the Czech Republic – one of the biggest fines in EU funds history handed out to Prague metro project
Blog entry | 13 November, 2013The manipulation of a tender for a metro line extension in Prague – financially supported via EU funds and the European Investment Bank (EIB) has not only resulted in a huge EU funds fine, but also raises questions about the EIB’s ability to identify and avoid mismanagement in the infrastructure projects it finances.
Read moreBankwatch Mail 57
Publication | 11 November, 2013Coinciding with the beginning of international climate negotiations at the COP19/CMP9 in Warsaw and with many observers already questioning the Polish government’s ambitions for the summit, Issue 57 of Bankwatch Mail introduces the country also known as Coal-land and finds (among many other things) people protesting (successfully) against the pervasive smell of coal in the air.
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