Publication search results

Is the EBRD’s policy on offshore financial centres meaningful?

Briefing | 15 May, 2011 | Download PDF

In 2010 the EBRD approved a senior loan of up to RUB 650 million (around EUR 16 million) for the New Forwarding Company (Novaya perevozochnaya kompaniya – NPK), the main operating subsidiary of Globaltrans Investment Plc, the top private railway transportation company in Russia. When trying to find out who owns GlobalTrans Investment, the trail stops in the Bahamas. What does this case mean for the EBRD’s policy on offshore jurisdictions and transparency more generally?

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Nabucco and the Arab Spring

Briefing | 15 May, 2011 | Download PDF

The democratic revolutions in North Africa and the Middle East have not quite spread it to the authoritarian regimes of Central Asia. Nevertheless nervous reactions among leaders in these countries have proven another weakness of the proposed Nabucco pipeline project, in that the stable gas supplies promised by the project under the capacious term “energy security” are much less “secure” than previously expected.

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ArcelorMittal Kriviy Rih – transition without sustainability

Briefing | 15 May, 2011 | Download PDF

After 5 years of project implementation, the EBRD admits: “The investment with ArcelorMittal Kryviy Rih (AMKR) … has achieved the objectives related to increased capacity utilisation, corporate restructuring and market expansion. Conversely, it fell short of its energy efficiency objectives; and saw an unsatisfactory environmental performance.”

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Letter: EBRD and EIB should review involvement in Sostanj due to serious shortcomings in the project’s management

Advocacy letter | 4 May, 2011 | Download PDF

On April 14 2011 the Minister of Economy of Slovenia, presented a report on the management of the Sostanj TES 6 project to the Government of Slovenia. In the report many shortcomings of the project are highlighted, which led the Government to state that it will only support a state guarantee for the EIB loan amounting to EUR 440 million if the economic efficiency of the project can be improved.

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Vinci – a cover for oligarchs and tax havens in Russia’s first road PPP

Study | 30 April, 2011 | Download PDF

An opaque web of offshore companies and oligarchs behind the controversial EUR 1.5 billion first section of the Moscow–St. Petersburg motorway public-private partnership provides new grounds for the Russian government to re-examine the controversial project, according to this new research by CEE Bankwatch Network and the Movement to Defend Khimki Forest.

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