In Czechia, dubious projects funded from covid support
3 February, 2022
Inflation is all over the news in Czechia these days. The prices of electricity, housing, goods and services are on the rise. One of the reasons behind this is the government’s excessive spending. While some of the budget items have been openly discussed, others are hidden to the public. One example is the COVID Plus state aid programme worth billions of Czech crowns for large export companies.
Read moreProgress with EU recovery fund hampered by fossil fuels investments and threats to nature
3 February, 2022
Brussels – Genuine efforts by Member States to direct spending from the EUR 672 billion Recovery and Resilience Facility towards climate action are being undermined by investments that are likely to harm the environment and climate, finds a new report by CAN Europe and CEE Bankwatch Network.
Read moreEU bank’s new environmental and social policy not fit for lofty development ambitions
2 February, 2022
The European Investment Bank (EIB) – the financial arm of the EU – has approved a set of new environmental and social standards that, despite some last-minute changes, leave the door open to human rights abuses and biodiversity destruction, warn civil society groups.
Read moreThe EIB’s safeguard rules must match its global ambitions
1 February, 2022
The EU’s house bank has great development aspirations, but its draft environmental and social policy has dangerous gaps that will come back to haunt it.
Read moreMajor blow to Bosnia hydropower project as Germany’s KfW drops financing plans
28 January, 2022
German development bank KfW has today confirmed that it is dropping plans to finance the controversial Janjići hydropower plant on the river Bosna in Bosnia and Herzegovina.
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