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.
NGOs file a complaint against Vinci Russia for corruption of foreign public officials in Khimki Forest motorway case
May 10, 2016
A complaint filed last week is requesting an investigation into alleged corruption involving French company Vinci in the construction of a controversial motorway through Khimki Forest near Moscow. The complaint was filed to Nanterre’s chief investigating judge by civil society groups Sherpa and CEE Bankwatch Network, activists Evgenia Tchirikova and Mikhail Matveev, and with the support of Princip, defenders of the Khimki forest.
March 29, 2016
The Zagreb wastewater plant public-private partnership (PPP), financed by the European Bank for Reconstruction and Development (EBRD), has for years been highlighted by Bankwatch and its member group Zelena akcija/Friends of the Earth Croatia as a harmful project allowing the private sector enormous profits at the expense of the City of Zagreb and the public.
March 4, 2016
Tens of questions remain unanswered about costs related to a new unit at the Pljevlja lignite power plant in Montenegro.
May 6, 2015
Since 2011 the European Bank for Reconstruction and Development has provided USD 210.5 million to three greenfield hydropower projects (HPP) in Georgia – Paravani, Dariali and Shuakhevi. Instead of bringing improvements on the ground and environmental standards that are on par with best international practice, the EBRD has, by funding these projects, simply justified the wrongdoings that were from the beginning apparent: the degradation of river ecosystems, corruption and threats to people.
April 21, 2015
A dodgy deal to export coal from Romania to Serbia has left the Romanian state-owned coal supplier with a potential seven million euros write-off.
February 4, 2015
Corruption cases continue to haunt Serbia’s coal sector as a new round of arrests last week has shown. They also illustrate how the dependence on coal creates vulnerabilities for Serbia’s energy sector and potentially its financiers, in particular in the aftermath of last year’s floods.
November 4, 2014
Repression against civil society is on the rise, as the latest alarming case from Montenegro shows.
October 20, 2014
Something quite amazing happened yesterday evening in Zagreb. The Croatian police and the State Prosecutor announced that several people had been arrested on suspicion of a number of criminal corruption offences, abuse of office and peddling influence. Among the arrested were Zagreb Mayor Milan Bandic, Head of Zagreb Holding municipal company Slobodan Ljubicic, the head of the ZET public transport company Ivan Tolic, head and part-owner of the CIOS metal recycling company Petar Pripuza and around 15 more un-named people.