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News

NGOs condemn EBRD financing of biodiversity destruction in Croatia

November 23, 2011 | Read more

Zagreb — Croatian environmental organisations Zelena akcija/Friends of the Earth Croatia, the Croatian Biospeleological Society, Transparency International Hrvatska, Srđ je naš, Baobab, Eko Zeleno Sunce, Brodsko ekološko društvo-BED, Center for Environment (B&H), Eko-Zadar, WWF MedPO and regional organisation CEE Bankwatch Network have described as “extremely irresponsible” the approval yesterday by the European Bank for Reconstruction and Development of a EUR 123 million loan for the construction of the Ombla underground hydropower plant near Dubrovnik. [1]

European public banks must disengage with Egypt’s military junta

November 22, 2011 | Read more

In light of the violence against civilians on the streets of Egypt today, CEE Bankwatch Network is requesting that the European Investment Bank and the European Bank for Reconstruction and Development immediately cease discussions and negotiations with the Egyptian government and authorities on all levels about potential financial involvement in the country until the Supreme Council of the Armed Forces (SCAF) cedes power to civilian leaders, the country has a legitimately-elected civilian government in control of the army, and military trials come to an end.

There you have it: Green investments do create jobs

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November 18, 2011 | Read more

A study from the Czech Republic vividly confirms the positive economic impact of public support schemes for energy efficiency investments. The future Cohesion Policy can offer valuable stimuli for such schemes – if EU Member States set the right priorities now.

Five ways to bring Cohesion Policy closer to citizens

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November 17, 2011 | Read more

By allowing open and inclusive consultations on the future Cohesion Policy, Latvia is not only devising its national position in a more democratic way than other EU Member States. It is also setting an example for actually getting people interested in it.

The people’s perspective please: are public social safety nets important?

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November 16, 2011 | Read more

Yesterday, the European Bank for Reconstruction and Development (EBRD) published its Transition Report for 2011, subtitled “The People’s Perspective”. This is because the study pays unprecedented attention to how regular households in post-socialist countries are managing after almost three years of economic crisis.

An EBRD interpretation of biodiversity protection in the western Balkans

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November 14, 2011 | Read more

With potentially devastating impacts on natural habitats, the European Bank for Reconstruction and Development has so far offered no real commitment to environmental protection in its ambiguous decisions on two hydropower plants in Croatia and Macedonia.

The day renewable energy was killed in the Czech Republic

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November 14, 2011 | Read more

The Czech renewable energy industry last week received a strong blow from our very own Parliament which approved measures that will likely smother the sector in a bill ironically entitled the „Renewable energy sources support bill.”

Ombla hydropower plant: public money down the sinkhole

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November 14, 2011 | Read more

Today Bankwatch member group Zelena akcija/Friends of the Earth – Croatia held an action today outside the offices of the EBRD in Zagreb, calling on the bank not to approve a planned loan of up to EUR 123 million for the Ombla hydropower plant project. You can see some images from the demo here.

The recap on recapitalisation

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November 11, 2011 | Read more

As the eurozone crisis continues to unfold, lending from international financial institutions to the banking sector must be held to the task of supporting the most vulnerable – especially the SMEs in CEE – or it will continue to perform largely unsuccessful and unchecked as it has during the crisis to date.

What’s the real danger for Cohesion Policy: wrong accounting or wrong results?

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November 10, 2011 | Read more

The proper financial management of EU funds is important to avoid fraud and illegitimate spending. Yet more important is the quality of the funded projects.

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