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D1 motorway Phase I, Slovakia – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

Both the European Bank for Reconstruction and Development and the European Investment Bank approved loans for the D1 motorway Phase I project in Slovakia, which seeks to link the economically wealthier western part of Slovakia with the less developed eastern part. The project is to be financed through a public-private partnership (PPP), which has been the cause of considerable controversy in Slovakia, as has the fact that the planned route impacts protected Natura 2000 areas.


Financial intermediaries: Do economic, environmental and social benefits lie behind the big numbers? – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

In order to prevent the collapse of the banking sector in central and eastern Europe following the outbreak of economic crisis conditions in autumn 2008, the European Bank for Reconstruction and Development (EBRD) has provided a large number of loans to private banks in the region. Yet even though this form of lending is taking on ever greater importance at the EBRD, next to no concrete details about what it is achieving and who is benefiting from it exist for the public.


One Gazela, two Gazelas, three Gazelas… – EBRD AGM Issue Paper on the Gazela resettlement

Briefing | 10 May, 2010 | Download PDF

The removal and resettlement of the informal Gazela settlement from beneath the Gazela Bridge on highway Corridor X over the Sava River in Belgrade’s downtown took place in August 2009. Despite the involvement of international financial institutions (the European Bank for Reconstruction and Development and the European Investment Bank) and foreign development agencies (the European Agency for Reconstruction and the UK Department for International Development), the resettlement has not brought satisfactory results.


What we still have to learn about Nabucco – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

Although the Nabucco gas pipeline is still nothing more than an idea on the drawing board it has attracted unprecedented political support and managed to swallow millions of euros of EU taxpayer’s money without an assessment of its effect on transit and gas supplying countries. CEE Bankwatch network urges the EBRD to properly assess all impacts it may have on societies and the environment and to consider financing alternative ways to ensure energy security, namely by energy efficiency measures.


Odessa High Voltage Grid Upgrade, Ukraine – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

In December 2005 the European Bank for Reconstruction and Development (EBRD) approved a EUR 25.8 million loan for the Odessa High Voltage Grid Upgrade project for the state-owned company Ukrenergo. The project, that foresaw construction of a 124 kilometre long 330 kV transmission line between the Adjalyk and Usatove substations in the Odessa region and modernisation of the substations, was Ukrenergos first experience with the international financial institutions, and inaugurated a series of further such investments.


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