200 million euro EBRD loan to Serbian energy giant EPS under investigation
1 October, 2018
Prague, Belgrade – The independent grievance body of the European Bank for Reconstruction and Development (EBRD) has started investigating a EUR 200 million ‘restructuring loan’ granted in 2015 to Elektroprivreda Srbije (EPS), the largest energy company in Serbia, following a complaint by CEE Bankwatch Network and Serbian environmental group CEKOR.
Read moreEuropean development money helps sustain fossil fuels-based companies – report
27 September, 2018
Five of Europe’s biggest climate offenders continue to enjoy billions of euros in public funds, according to a Bankwatch report released today.
Read moreMore efforts from the EBRD required to mainstream gender in Kyrgyzstan
26 September, 2018
It appears the EBRD funds are prioritised on the first-need service basis rather than the long-term strategy goals identified by the EBRD in both the public transportation and water sectors.
Read moreUse of public money to support Tuzla 7 coal power plant must be investigated, shows new complaint
25 September, 2018
Sarajevo, Prague – Plans to use public money to guarantee a Chinese loan for the planned Tuzla 7 coal power plant could be illegal and need to be investigated by the Energy Community Secretariat, according to a formal complaint submitted to the regional body today by the Aarhus Resource Centre, Sarajevo, and CEE Bankwatch Network.
Read moreSix years later, a criminal investigation into illegal environment permits finally begins in Romania
13 September, 2018
In 2012, almost one hundred permits were issued to Oltenia Energy Complex (OEC), allowing the company to cut down hectares of forest to make way for coal mines. The permits were issued illegally, however, as Bankwatch Romania proved in court over the past six years. After many lawsuits and complaints to the relevant authorities, a sign of progress came this summer when the Romanian Ministry for Environment informed criminal investigation bodies about this situation.
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