February 18, 2015 | Read more The story of the defaulted company Mriya Agro Holding shows what risks investors and creditors are willing to take in the pursuit of profit in Ukraine’s agribusiness. Major creditors, including the International Finance Corporation and export credit agencies have been left with little hopes of recoveries. The European Bank for Reconstruction and Development has escaped the financial loss by a hair’s-breadth.
February 17, 2015 | Read more The European Investment Bank recently confirmed plans to finance the Trans-Adriatic Pipeline from Greece via Albania to Italy. Yet a coalition of local mayors will do whatever it takes to stop the project.
February 13, 2015 | Read more In a street action being held today in Kiev as part of the Global Divestment Day, Ukrainians call on public and private investors to end financing for fossil fuels, in particular coal, and instead invest in renewable energy sources which represent the only independent source for the country.
February 11, 2015 | Read more Montenegro’s government is pushing hard for the construction of a new unit at the Pljevlja lignite-fired power plant. NGOs are encouraging the major shareholder company to not give in to this pressure, writes Jelena Marojević Galić from Green Home.
February 11, 2015 | Read more Brussels — Ahead of a public consultation on the European Investment Bank’s Climate Action Programme tomorrow in Brussels, Bankwatch insists that, if the bank’s pro-climate efforts are to be effective, the EIB must give up its loans to fossil fuels and other climate-damaging sectors.
February 11, 2015 | Read more Massive infrastructure for transporting natural gas is shaping up to be a centre piece of the Energy Union put forward by the Juncker Commission. This was also the impression Bankwatch campaigners had at an Energy Union conference in Riga last week.
February 6, 2015 | Read more In a file launched by Bankwatch in 2014, a Romanian court annulled [ro] 27 deforestation permits last week, preventing 22 hectares of forest in the country’s south-west to be cut for the expansion of an open-pit coal mine.
February 5, 2015 | Read more Brussels – The European Investment Bank (EIB) is virtually powerless in the face of abuse of its own funds, an internal investigation published last week by the EIB shows. What’s even worse is that the EIB’s new transparency policy – to be adopted in the coming weeks – would formally allow the bank to keep such internal investigations into abuses of its funds secret, hereby undermining public scrutiny of public money.
February 4, 2015 | Read more Corruption cases continue to haunt Serbia’s coal sector as a new round of arrests last week has shown. They also illustrate how the dependence on coal creates vulnerabilities for Serbia’s energy sector and potentially its financiers, in particular in the aftermath of last year’s floods.
February 4, 2015 | Read more On February 2, during the annual meeting between civil society and the European Investment Bank’s (EIB) Board of Directors, the EIB revealed that the Trans-Adriatic Pipeline (TAP) was among its priority projects for 2015 in the Balkans.[*] The Trans-Adriatic Pipeline, planned to stretch from Greece via Albania and the Adriatic Sea to Italy, is part of the Southern Gas Corridor, a chain of projects meant to bring natural gas to Europe from the Shah Deniz offshore gas field in Azerbaijan.
Stay informed
Receive our monthly overviews of the latest developments on the ground.
