EBRD should not invest in Polish energy company suspected of corruption, say European NGOs
17 September, 2012
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.
Read moreAnother case of alleged corruption in a CEE energy company
17 September, 2012
Alleged corruption at Poland’s second biggest state-owned energy company ENEA S.A. may compromise yet another project financed by European public banks.
Read moreNo Half Measures: Investment Needs in Energy Efficiency and Renewables in Central and Eastern Europe
13 September, 2012
Brussels — At least 172 billion euros need to be invested in energy efficiency and renewables in central and eastern Europe over the next seven years to kick start the decarbonisation of the region and create hundreds of thousands of much needed jobs, shows a study published today by CEE Bankwatch Network [1]. The next EU budget (2014-2020) could contribute to these needs if current short-sighted attempts by some member states to cut the overall size of the budget are prevented.
Read moreAnother success against Czech incineration, government in blissful ignorance
29 August, 2012
The putting on hold (for now) of another waste incinerator project confirms a negative assessment of the Czech Republic’s performance in waste management. And still, the Czech government fails to grasp that the only properly sustainable way forward is investment in recycling and waste reduction.
Read moreMoney lost, safety postponed: On the mismanagement in Ukraine’s energy sector
23 August, 2012
A recent audit showed that Ukraine lacks good management at least as much as finances to reform its energy sector. EU money is meanwhile siding with a tainted company.
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