Energy security for Europe or profit for Lukoil?
4 December, 2014
Despite the Russian invasion in Ukraine leading to EU and US sanctions against Moscow and major Russian energy companies, public banks supported by EU countries are just gearing up to offer a one billion dollar loan to Russian company Lukoil for gas extraction in Azerbaijan.
Read moreEU Project Bonds are a worrying indication for the future EU long term investment plans
4 December, 2014
As the pilot phase of the EU Project Bonds Initiative is coming to an end, a roundtable discussion in the European Parliament takes stock of the initiative.
Read moreNECU and Bankwatch statement on the incident at Zaporizhye nuclear plant in Ukraine
3 December, 2014
Statement on an incident at the Zaporizhye nuclear power plant in Ukraine, where a power transformer dysfunction occurred on November 28th.
Read moreSostanj lignite plant: A mistake not to be repeated
2 December, 2014
Ljubljana — A new briefing by Slovenian NGO Focus shows how misguided assessments of future viability and corruption led to TES6 lignite unit costing more than double the estimated amount, bringing annual losses of tens of millions of euros, and creating only a fraction of the number of jobs promised.
Read moreJuncker investment package shifts risk from private investors to EU taxpayers
26 November, 2014
Brussels – Today European Commission president Jean-Claude Juncker will present his widely anticipated 300 billion euro investment package aimed at stimulating growth in the European economy. Central to the InvestEU programme is a 21 billion euro allocation for the newly-created Euopean Fund for Strategic Investment (EFSI) that has to leverage 315 billion euro from private investors, or 15 times the amount of the fund.
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