Updates on the European Investment Bank

EBRD should not invest in Polish energy company suspected of corruption, say European NGOs

Warsaw – 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.

Another case of alleged corruption in a CEE energy company

Alleged corruption at Poland’s second biggest state-owned energy company ENEA S.A. may compromise yet another project financed by European public banks.

What goes around, comes around: Portugal’s debt boomerangs back on public-private partnerships

Europe’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.

Spot the difference: Alstom in Indonesia and Slovenia

The company hired to build a new unit at the Sostanj lignite power plant is involved in strikingly similar corruption cases across continents.

A threatened growth package

Shifting gears from the austerity years, EU leaders recently proposed injecting EUR 120 billion into the European economy.

State guarantee vote for TES 6 overshadowed by OLAF corruption investigation

A 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)

Bringing EU standards to third countries?

When 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.

Complaint to EIB on Rivne – Kyiv High Voltage Line Project seeking project compliance review

Another own goal for Ukraine at the Euro 2012

A Euro 2012 related road rehabilitation in Ukraine has left locals with a high speed road but no safety in their front yards.

Europe’s unequal partnerships – a sad tale about energy

A too strong focus on energy security is steering Europe’s engagement with neighbouring states in a troublesome direction for the partnering countries.