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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.

NGO coalition urges EBRD not to finance destruction of national park in Macedonia

November 7, 2011 | Read more

Skopje – A coalition of more than 30 Macedonian and international NGOs are calling on the European Bank for Reconstruction and Development (EBRD) not to finance Boskov Most hydro power plant in north-western Macedonia. The project would seriously damage Mavrovo national park, the largest in the country and a potential Natura 2000 site, while at the same time being envisaged to produce a relatively small amount of electricity to be used only for the stabilization of the national energy system.

Hydropower vs. nature in southeast Europe: EBRD complicity in environmental crime?

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October 31, 2011 | Read more

Why is it that when we advocate for something to the international financial institutions (IFIs) they often manage to give it a peculiar twist of their own?

Haircuts for eurozone citizens? A closer look at the EFSF

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October 27, 2011 | Read more

The European Financial Stability Facility is a crucial element of eurozone leaders’ proposed solution to the debt crisis. But behind the shining EUR 1 trillion armour of the EFSF lurks an institution that could bring further mayhem as a closer look by Bankwatch’s alternative economics coordinator Roman Havlicek reveals.

NGOs call on the EBRD not to finance “high risk” underground HPP in Croatia

October 26, 2011 | Read more

Zagreb — Croatian and international environmental organisations have today called on the European Bank for Reconstruction and Development (EBRD) not to go ahead with a planned EUR 123 million loan for the Ombla hydropower plant near Dubrovnik in Croatia, due to be approved by the bank’s Board of Directors on November 8. In an open letter to the bank, the organisations point to ecological, economic, and procedural problems with the plans, which even the consultants hired by the EBRD to assess the project have described as “high risk”.

The art of sustainability is not to finance coal

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October 20, 2011 | Read more

Upset by Slovenia’s plans to build a huge lignite power plant unit in Sostanj, Slovenian artist Marko Kumer-Murc and Slovene environmentalists from Focus brought their protest to Brussels. Our media officer was on sight and brought back a few images.

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