New report analyses “corrupt but legal” practices in development finance

Brussels, 9 December 2016 Is corruption defined solely within the boundaries of what is legal? Is the deterioration of our democratic societies limited to officially acknowledged crimes such as bribes, money laundering and fraud? The answer is no, according to Counter Balance’s latest analysis “Corrupt but legal” published today, on the occasion of the International […]

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New Report: Going abroad – A critique of the EIB’s External Lending Mandate

November 16, 2016 Brussels, Prague The EIB is increasingly given a prominent role in the EU’s response to the so-called refugee crisis stretching the bank’s operations well beyond the its current mandate for overseas investments. Yet, a new report by Counter Balance and CEE Bankwatch Network takes a closer look at projects the EU’s house […]

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REPORT: The best laid plans: why the Investment Plan for Europe does not drive the sustainable energy transition

by Markus Trilling, EU funds campaign coordinator at CEE Bankwatch If it seems too good to be true, it probably isn’t – a thought that inevitably comes to mind seeing the European Commission and the European Investment Bank congratulating themselves for the great job they’ve done. One and a half years after the launch of […]

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Turkish gas companies with corrupt past get World Bank loan

Originally published on Climate Home. Businessmen who have secured contracts to build massive gas pipeline linking EU and Azerbaijan were convicted for tender rigging and bribery. By Karl Mathiesen The World Bank has approved $800m in loans for a gas pipeline through Turkey and Azerbaijan that will be built by several companies with a history of corruption scandals. […]

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Bratislava Bypass, flagship EFSI failure: non-transparent decisions for dubious public benefit – New report

  A EUR 1.76 billion-worth project guaranteed through the European Fund for Strategic Investments (EFSI)i, the Bratislava Bypass is a public-private partnership (PPP) supported by the Slovak government and promoted as the biggest EFSI project in Central Eastern Europe. Yet, preferred by the government to greener and more effective solutions to the traffic problems of […]

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Revealed: the EU’s flagship energy project is built by companies with a legacy of corruption

December 13, 2016 Prague – CEE Bankwatch Network 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 […]

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Last harvest looming for Albanian farmers along pipeline route

Numerous farmers and land owners in Albania feel they are sidelined by Europe’s dash for gas By Bankwatch Read the photostory here.

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When Athens can’t tell a Trojan horse

Rural communities in northern Greece are determined to prevent the EU’s most extravagant energy project from scarring their land By Elena Gerebizza, Re:common. Originally published by Bankwatch. Read the photostory here.

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Finance ministers’ proposal for Europe’s investment plan not in line with EU’s own climate goals

Today the ECOFIN Council agreed on its position on the future of the European Fund for Strategic Investments, EFSI, also referred to as the Juncker Plan or the Investment Plan for Europe. While it contains some good elements on climate action, the Council stills falls short of ensuring EFSI’s investments are in line with the […]

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