Publications

On March 9, 2010, a loan for the Tbilisi Railway Bypass Project, initiated by the Georgian Railway company, was approved by the EBRD. The main goal of this project, rated category A by the EBRD, is to construct a new section of railway that bypasses the central part of Tbili…

The European Bank for Reconstruction and Development (EBRD) is considering lending EUR 175 million to the National Energy Company of Ukraine, Ukrenergo, for implementing the South Ukraine Transmission Project. An equal amount of financing was approved by the EIB in October 2…

The statement, signed by 48 civil society organisations calls on international financial institutions to stop using public resources to subsidize the fossil fuel industry. These subsidies fuel overconsumption in wealthy countries, benefit an already highly profitable and wel…

Read more on the communities at the Sava river crossing also on our blog

In this issue: Wise up! European Development Bank red herring masks critique of EIB’s external operations * The case for cyanide in Bulgaria’s gold mines kicked out * Lost in transition * New EU funds report and website * EU funds sinking in Latvia’s enduring crisis swamp *…

The Italian energy giant Enel is planning to construct a coal-fired thermal power plant consisting of two 800 MW units at Porto Romano near the city of Durres in Albania. If constructed this would be the largest investment in the history of the Albanian energy industry. Eigh…

The EIB responded to our letter on May 19, 2010. Their response can be downloaded as pdf.

Bankwatch is pleased to see the EBRD giving additional attention to several environmental aspects of its agribusiness operations, but believes that promoting a model based on excessive food transportation and monocultural production is ultimately unsustainable. Additional at…