Agro business shooting star in Ukraine turns into nightmare for investors
18 February, 2015
The story of the defaulted company Mriya Agro Holding shows what risks investors and creditors are willing to take in the pursuit of profit in Ukraine’s agribusiness. Major creditors, including the International Finance Corporation and export credit agencies have been left with little hopes of recoveries. The European Bank for Reconstruction and Development has escaped the financial loss by a hair’s-breadth.
Read moreEU priority gas pipeline faces fierce opposition in Italy
17 February, 2015
The European Investment Bank recently confirmed plans to finance the Trans-Adriatic Pipeline from Greece via Albania to Italy. Yet a coalition of local mayors will do whatever it takes to stop the project.
Read moreEuropean banks: it’s time to quit coal in Ukraine
13 February, 2015
In a street action being held today in Kiev as part of the Global Divestment Day, Ukrainians call on public and private investors to end financing for fossil fuels, in particular coal, and instead invest in renewable energy sources which represent the only independent source for the country.
Read moreGuest post: Pljevlja shareholder A2A must resist pressure to build new lignite unit in Montenegro
11 February, 2015
Montenegro’s government is pushing hard for the construction of a new unit at the Pljevlja lignite-fired power plant. NGOs are encouraging the major shareholder company to not give in to this pressure, writes Jelena Marojević Galić from Green Home.
Read moreEIB Climate Action undermined by bank’s fossil fuel lending
11 February, 2015
Brussels — Ahead of a public consultation on the European Investment Bank’s Climate Action Programme tomorrow in Brussels, Bankwatch insists that, if the bank’s pro-climate efforts are to be effective, the EIB must give up its loans to fossil fuels and other climate-damaging sectors.
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