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Energy Community opens infringement procedure against Bosnia-Herzegovina over illegal Tuzla 7 state aid

26 March, 2019

The Energy Community Secretariat has today announced that it is officially opening a dispute settlement procedure on the planned Federal guarantee for a EUR 614 loan from the China Eximbank to build the Tuzla 7 coal power plant in Bosnia-Herzegovina.[1] The procedure can potentially lead to delays in the EU accession process and temporary suspension of financing by EU banks.

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New report highlights misuse of banking secrecy rules

26 March, 2019

BankTrack’s study finds that client confidentiality is not an absolute legal requirement in any of the world’s major banking centres. Banks can – and do – include the right to disclose information into their contracts. Will the EIB & EBRD acknowledge this in their policies on intermediated lending?

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Energy Community: Western Balkan coal subsidies worth over 1.2 billion euros in 2017

25 March, 2019

For immediate release. Energy Community countries propped up coal mining and electricity generation with direct and indirect public subsidies totalling at least 2.4 billion annually, out of which around half were provided by Western Balkan countries, shows a study (1) released today by the Vienna-based Secretariat of the Energy Community Treaty, the international treaty working to integrate the energy markets of the EU with those of its neighbours.

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Lack of ambition on full display as eastern Member States graded on first climate and energy plans submitted to Commission

22 March, 2019

Member States across central and eastern Europe continue to do less than their fair share in setting the course for the EU to meet its long-term energy and climate commitments, finds a new Bankwatch analysis [1] of the national energy and climate plans (NECP) in eight Member States.

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Romania’s dodgy math: will the country retire 2.2 GW of coal by the end of 2019?

13 March, 2019

Romania’s National Energy and Climate Plan (NECP) contains dodgy maths that seems to imply the country will retire 2.2 GW of coal by the end of 2019, according to an analysis of the document published today by Bankwatch Romania.

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