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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.

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China 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.  

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Pipeline 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.

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How 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.

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Promises 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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