January 16, 2012 | Read more As pressures mount on western European banks to shore up capital ratios and with 2012 economic growth forecasts for Europe falling close to zero, officials from the European Central Bank, the European Commission, and several international financial institutions (IFIs) are meeting today in Vienna with regulators from CEE countries to discuss a second round of financial support for a fragile CEE banking sector.
January 13, 2012 | Read more Shortly after 80 000 people took to Moscow’s streets at the end of December to oppose the 4 December controversial parliamentary elections that resulted in United Russia retaining control of parliament, Bankwatch ally and Khimki forest defender Yaroslav Nikitenko was forced to spend ten days in jail over a fabricated administrative crime.
January 3, 2012 | Read more Baffled by an EIB loan to a holiday resort in Morocco, our friends from Counter Balance – Challenging the European Investment Bank had a closer look at the kind of development promoted there and came back with this wonderfully illustrative video.
December 16, 2011 | Read more Croatian environmental groups today held a protest action outside of the Croatian parliament calling on the country’s new government not to go ahead with the controversial EBRD-financed EUR 150 million Ombla HPP project.
December 12, 2011 | Read more On December 13, the EIB’s Board of Directors is about to approve the institution’s new Transport Policy. This new document constitutes an upgrade of the older 2007 Transport Policy of the bank which tries to incorporate the EU’s progressive agenda on the prevention of climate change (documents such as the “Europe 2020 Strategy” and the “Roadmap for moving to a competitive low-carbon economy in 2050”).
December 8, 2011 | Read more Brussels — The European Investment Bank has increased its fossil fuel lending from 2.8 billion euros to 5 billion euros between 2007 and 2010, according to a study published today by environmental NGO CEE Bankwatch Network.
December 1, 2011 | Read more While the potential of green investments is undeniable, statements from EU decision makers don’t paint the rosiest picture for a climate friendly Cohesion Policy 2014-2020.
November 28, 2011 | Read more Ljubljana – An independent analysis commissioned by Bankwatch and Focus published today reveals a number of unsubstantiated claims and methodological mistakes in the investment plan for the TEŠ 6 lignite plant in Slovenia. Correct calculations show that the internal rate of return is in reality lower than estimated by the project promoter, state-owned TEŠ. Had the rate of return been calculated properly, the project would not have qualified for the EIB loan of 440 million euros it is set to receive.
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]
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.
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