New report: hydropower subsidies wreak environmental havoc and line influential pockets in the Western Balkans
September 25, 2019
Disproportionate public subsidies for small hydropower in the Western Balkans have resulted in widespread environmental damage and have benefited wealthy business people close to or part of the region’s governments, with little benefit for electricity generation, finds a new study released today by CEE Bankwatch Network.
July 5, 2018
For more than a year protesters have sought to stop work on a European-financed natural gas line coming all the way from Azerbaijan and the Caspian Sea to the land of olive trees and beaches in sou… Source: Gas Line to Europe Raises Questions of Corrup
Major European loan to controversial Azerbaijani gas pipeline risks fuelling corruption, human rights abuse and climate change
October 18, 2017
A USD 500 million loan approved today by the European Bank for Reconstruction and Development for the construction of the Trans Anatolian Pipeline is set to benefit, among others, state-owned companies in Azerbaijan and Turkey.
Azerbaijan’s Laundromat scandal raises concerns over the EU’s growing business ties with the authoritarian regime
September 6, 2017
Revelations about the Azerbaijani Laundromat corruption scheme raise serious concerns over the EU’s intensifying relationship with the government in Baku and its readiness to turn a blind eye to the country’s human rights abuses and offer loans of millions of euros to a massive gas infrastructure project that would fill the pockets of the Azerbaijani corrupted elite.
January 20, 2017
December 31, 2016
Alleged payments to Italian MP before key European debate scrutinised
December 25, 2016
Dünya Bankası, geçmişinde yolsuzluk skandalları bulunan şirketlere TANAP için 800 milyon dolar kredi vermeyi onayladı. TANAP fosil yakıtlara bağımlılığı artıracak ve dolayısıyla iklim değişikliğini hızlandıracak eleştirileri alıyor Source: Dünya Bankas
December 14, 2016
No less than 15 firms contracted to build the Trans Adriatic Pipeline (TAP) and the Trans Anatolian Pipeline (TANAP), the two main sections of the so-called Southern Gas Corridor, have been implicated in various forms of corruption in the past, according to a CEE Bankwatch Network report published today.
December 13, 2016
A new Bankwatch study reveals a worrying track record of criminal and corrupt activities among the companies that are building Europe’s flagship gas pipeline project, the Southern Gas Corridor.
December 13, 2016
The Southern Gas Corridor, a string of pipelines meant to bring gas from Azerbaijan into Europe, is presented as a panacea for all ills and is set to benefit from some of the biggest loans in the history of European public banks. But as this report reveals, Europe’s flagship energy project is set to benefit a host of companies and individuals with a particularly shady track record. Several companies contracted to build the Southern Gas Corridor have a worrying history of corruption.