Three new Czech incinerators to burn EU regional funds
13 October, 2011
Prague- CEE Bankwatch Network has learnt that the Czech Republic is planning to use 80% of regional funds dedicated to big waste projects for 2007-2013 [1] for the construction of new incinerators, which are three times more expensive than alternative waste management solutions.
Read moreA historic event, the European Investment Bank opens its doors (a bit)
12 October, 2011
Ahead of a meeting next week that offers a unique chance for discussion with the EIB’s Board of Directors, Bankwatch’s EIB team leader Anna Roggenbuck gives an overview over some of the issues to which she’d like to hear some comments by the bank’s enigmatic leadership.
Read moreDid the glimmer of gold blind the EBRD?
11 October, 2011
The European Bank for Reconstruction and Development has become a stakeholder in a company that is involved in gold mining in a UNESCO World Heritage site in Russia. Not only does this violate its own Environmental and Social Policy, but it also tells me a lot about the bank’s assessment of partner companies.
Read moreManagers of EBRD-funded Kolubara mines in Serbia arrested for embezzlement
4 October, 2011
Belgrade -16 current and former members of the management of Serbian state-owned energy company Elektroprivreda Srbija (EPS) were arrested today and yesterday across the country over allegations of embezzlement of company funds. Some of these are people that the European Bank for Reconstruction and Development (EBRD) has entrusted this summer with managing an 80 million Euros loan for the development of the Kolubara lignite fields near Belgrade.
Read morePotocnik says green economy, European public banks say black coal
3 October, 2011
The European Union’s internal and external ambitions for green economies are being countered by the activities of European international financial institutions. EU Commissioner for the Environment Potocnik can see that also in his home country Slovenia.
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