Hoyer and out: New EIB president muddles through European parliament hearing
Publication | 8 October, 2012With the European Investment Bank having recently postponed the annual face-to-face dialogue with NGOs that the bank’s former president Philippe Maystadt initiated in autumn 2011, it was good to see new EIB president Werner Hoyer being put on the spot in September by MEPs during a hearing at the Europeam parliament’s Economic and Monetary Affairs Committee.
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More questions asked about EBRD and EIB transparency
Publication | 8 October, 2012The European Investment Bank and the European Bank for Reconstruction and Development have been awarded some of the worst transparency scores for international finance institutions in this year’s Aid Transparency Index, published in early October by the campaign group Publish What You Fund.
Read moreEuropean public banks must improve transparency
Press release | 1 October, 2012Brussels – The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) score low on transparency according to the ‘2012 Aid Transparency Index’ [1] published today by the campaign group ‘Publish What You Fund’.
Read moreEBRD 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.
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Another 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.
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What goes around, comes around: Portugal’s debt boomerangs back on public-private partnerships
Blog entry | 10 August, 2012Europe’s anti-crisis measures include efforts to increase private investments in public infrastructure. Yet, a backlash against public-private partnerships in Portugal is a warning against putting too much faith in this approach.
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Spot 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.
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A threatened growth package
Blog entry | 20 July, 2012Shifting gears from the austerity years, EU leaders recently proposed injecting EUR 120 billion into the European economy.
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)
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Bringing 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.
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