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News

In times of crisis – Poland’s take on the Emperor’s New Clothes

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September 9, 2011 | Read more

Poland has made a worrying proposal on public private partnerships that could risk the future stability of European economies by turning a blind eye to future public debt. But the EU would do well to take the British example as an eye opener.

Contemplating secure and insecure energy supply

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September 7, 2011 | Read more

The EU external energy policy Communication published today by the European Commission continues the decade-long approach of the EU to ensure the unhindered flow of fossil fuel energy supplies to Europe without a real recognition of the problems this drive creates both inside and outside of the EU.

EU funds for transport used overwhelmingly for polluting roads in central and eastern Europe

September 6, 2011 | Read more

Brussels – CEE Bankwatch Network publishes today a study showing that central and eastern European governments have been using EU funds overwhelmingly for road over rail development, ignoring EU calls for decarbonisation of the transport sector. The Commission can make sure that this pattern is not replicated with the next EU Budget (2013-2020) by introducing strict conditionalities in the new Cohesion Policy regulation next month.

New EIB report on SMEs: another rabbit in the hat from our favorite bank

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August 30, 2011 | Read more

The Bankwatch EIB team read the most recent report by the European Investment Bank on the bank’s crisis lending to small and medium enterprises and they were surprised by its main claims: unlike what the EIB says, our own research shows that EIB crisis loans to SMEs were more helpful to commercial banks disbursing them than to the cash-strapped small and medium enterprises they were supposed to help.

No more (EU) sweeping under the rug!

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August 15, 2011 | Read more

Bankwatch’s waste expert, analyses the draft EU Resource Efficiency Roadmap released by the Commission this month. A good start, but much more is needed, says Galovic.

Chercher la femme: gender equality sidelined in international finance

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August 10, 2011 | Read more

Manana Kochladze, Bankwatch’s regional coordinator for the Caucasus and co-author of our new civil society guide Gender and international financial institutions talks about the impacts on women’s lives when big money comes to help “develop” their countries.

Bypassing responsibility

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August 8, 2011 | Read more

The complaints office at the European Bank for Reconstruction and Development has agreed to investigate a complaint from Bankwatch that a railway project in Georgia has not been properly assessed. Georgian Bankwatcher Dato Chipashvili thinks the case should be a lesson for the EBRD to make sure that from the start local people have their say in how projects are done.

Why not do the obvious and use the EU bugdet for energy efficiency?

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August 4, 2011 | Read more

As discussions intensify about the future European Union budget, Bankwatch’s Czech energy campaigner outlines how spending EU money on energy efficiency promises better economic, social and environmental returns than the prevailing consensus about big infrastructure projects.

EBRD Board of Directors must face responsibility for long-term partner EPS’ wrongdoings

July 25, 2011 | Read more

Belgrade – Today, over 70 protesters from the Vreoci community is gathering in front of the Belgrade EBRD offices to protest abusive practices by state-owned Elektroprivreda Srbija (EPS), in London, the bank’s Board of Directors is congratulating itself for another profitable deal with the energy company. The EBRD cannot continue to brush off responsibility for corruption acts and human rights abuses committed by their long-term business partner.

Energoatom director confirms EBRD money will support nuclear lifespan expansion

July 22, 2011 | Read more

The “Ukrainian NPP Safety Upgrade Package Program” currently under consideration for financing by the EBRD, will enable the lifespan expansion of old Soviet-time nuclear reactors, confirmed Gennady Sazonov, project and investment director of the production company Atomproektinzhynirynh, speaking during the first public consultations on the draft ecological assessment of the programme that was held in Kiev early this week.

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