Ombudsman calls for greater transparency of export credit agencies
9 July, 2018
The European Ombudsman has sided with the civil society demanding the European Commission to improve its oversight of the EU Export Credit Agencies (ECAs). The decision upholds an earlier ruling that required the Commission to ensure better compliance of these financial institutions with the EU law.
Read moreChina must walk its EU standards talk
6 July, 2018
The seventh Central and Eastern Europe-China “16+1” summit for heads of state is set to take place this week in Sofia, Bulgaria, on the heels of an EU initiative on screening Foreign Direct Investments in the areas of security and public order. The EU initiative comes amidst concerns of increased foreign direct investments – including Chinese – going into strategic and sensitive sectors in Europe.
Read morePipeline mired in controversy gets half a billion euros from European development bank
4 July, 2018
Brussels, London, Rome, Prague – Today the European Bank for Reconstruction and Development (EBRD) has approved a loan of EUR 500 million for the multi-billion euro Trans-Adriatic Pipeline (TAP) [1], in spite of the project failing to conform to the bank’s own policies and the fervent local resistance following the 878-kilometre pipeline where it crosses land in Greece and Albania before arriving onshore in Italy.
Read moreHow the EBRD can seize the day in sustainable development
28 June, 2018
To truly invest in changing lives and preventing human rights violations, the EBRD must ensure that its independent accountability office can conduct rigorous investigations into allegations of abuse in financed projects – and hold itself accountable.
Read morePromises for coal jobs in southeastern Europe are dangerously out of touch with reality – new study
28 June, 2018
Prague – Proponents of coal say almost 30,000 jobs will be created or maintained in southeastern Europe if new coal plants are built, while according to new analysis [1] by Bankwatch, over 5,000 jobs will be lost.
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