Boskov Most suspected of breaching Council of Europe nature protection convention
December 5, 2014
Skopje/ Strasbourg – The Standing Committee of the Bern Convention, a binding international legal instrument in the field of nature conservation for signatory countries, announced today (pdf) that it will open a case file to address the complaint made by Eko-svest about the planned hydropower plants in Mavrovo national park.
How much will the Macedonian hydropower plant Boskov Most really cost?
December 5, 2014
The total costs of the Boskov Most hydropower plant project in Macedonia will possibly cost more than twice the projected EUR 84 million, considering that many aspects have so far not been studied or remain unresolved.
Energy security for Europe or profit for Lukoil?
December 4, 2014
Despite the Russian invasion in Ukraine leading to EU and US sanctions against Moscow and major Russian energy companies, public banks supported by EU countries are just gearing up to offer a one billion dollar loan to Russian company Lukoil for gas extraction in Azerbaijan.
NECU and Bankwatch statement on the incident at Zaporizhye nuclear plant in Ukraine
December 3, 2014
Statement on an incident at the Zaporizhye nuclear power plant in Ukraine, where a power transformer dysfunction occurred on November 28th.
European Ombudsman hammers EIB over Bosnian bridge maladministration
December 2, 2014
An unprecedented ruling and serious tough talking emanated from the European Ombudsman at the end of October following an investigation into the EIB’s involvement with a bridge construction project in Bosnia and Herzegovina. Describing the approach taken by the EIB in the case as “wholly unacceptable”, the Ombudsman’s conclusion pulled no punches in asserting that the bank’s “maladministration risks putting into question the European Union’s commitment to strengthening the rule of law in Bosnia and Herzegovina.”
Another chip off the EBRD block – Kronospan expansion in Belarus
December 2, 2014
In October this year, the European Bank for Reconstruction and Development (EBRD) approved an up to EUR 50 million loan to a Belarusian subsidiary of the Austrian company Kronospan for the expansion of a particleboard facility at Smorgon in the Grodno region of Belarus. Belarus will provide a guaranteed return on investment for both Kronospan and the EBRD. With the country’s rich wood resources, generous state tax incentives, weak legal environment, toothless trade unions, cheap labour and a generally stifled civil society, the EBRD and its client are not likely to run into the same environmental and legal difficulties experienced by Kronospan in other eastern European countries.
The Visegrad 4 and the Balkans working together for resource efficient development
November 24, 2014
In the last four years, Bankwatch has invested significant efforts in building the capacity of CSOs in the Western Balkans on various topics, particularly on the funding mechanism Instrument for Pre-Accession (IPA). This compilation is intended to serve CSOs in IPA beneficiary countries and provide information about some good practices from Visegrad 4 coutries that can now be implemented in the Balkan region. It is our hope that it is found useful and worthy of distribution across the region.
EBRD sticks to business as usual despite Ukraine facing war and severe shortages
November 21, 2014
With Ukraine’s ongoing fight for sovereignty and integrity emphasising once more the country’s energy vulnerability in front of Russia, the need to radically reform the Ukrainian energy sector became crucial for the survival of the country. And yet, moves in this direction are way too slow. Despite positive rhetoric on the need to prioritise energy efficiency, some European donors such as the European Bank for Reconstruction and Development continue with business as usual, spending huge resources on large infrastructure projects that do not address the country’s immediate need for improved energy security.
Letter to EBRD: National ROads Programme in Macedonia
November 6, 2014
The Great Rush – The European Union’s responsibility in natural resources grabbing
October 31, 2014
Land, forests, water and raw materials are valuable resources that increasingly interest the major players of the economy of our planet. This report collects 16 case studies from around the world in order to better understand the impacts of natural resource grabbing on the local communities, clarify the responsibilities of the European Union and, in conclusion, examine actions to be undertaken to invert this phenomenon.
