New Documentary: Walking the Line

Counter Balance, Platform and Re:Common are pleased to announce the launch of the webdocumentary “Walking the Line”. This webdocumentary presents the risks associated with the Euro-Caspian Mega Pipeline or Southern Gas Corridor. One of the biggest pipelines ever conceived, the corridor is supposed to stretch 3500 km from Azerbaijan to Italy and supply Europe with […]

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NGOs urge the European Investment Bank not to finance the Southern Gas Corridor

A group of 27 NGOs sent an open letter to the President of the European Investment Bank (EIB) today urging the Bank not to finance the Southern Gas Corridor, a 3500 kilometres-long chain of gas pipelines from Azerbaijan to Europe. As the EIB considers granting the biggest loan of its history to the Consortium in […]

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New report: Towards a reinforced accountability architecture for the European Investment Bank

‘Towards a reinforced accountability architecture for the European Investment Bank’ proposes a number of crucial reforms to guarantee democratic oversight, transparency and quality of the lending of the EU’s financial arm in the pivotal year of 2015. On paper the EIB has one of the best developed Complaint Mechanisms guaranteeing downward accountability to all citizens […]

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Analysis – What’s New in the Investment Plan for Europe: Business as Usual or Genuine Innovation?

In November 2014 the European Commission (EC) announced a new investment plan that is to unlock investment in the real economy of over EUR 300 billion from 2015 to 2017. A new report by Counter Balance “What’s new in the Investment Plan for Europe: business as usual or genuine innovation?” launched today provides a first […]

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New Report: The Trans Adriatic Pipeline, an Opportunity or a Scam in the Making for Albania?

A new report published today by Re:Common and Counter Balance reveals how the preparations for the construction of the Albanian section of the Trans Adriatic Pipeline (TAP) are not on schedule and are putting private interests way out in front of the public interest in one of Europe’s poorest countries. In the context of the […]

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Civil society coalition calls for human rights respect by development banks worldwide

Increasingly, communities and civil society organisations who speak out about development activities are finding themselves under attack. In this reality of criminalisation of human rights and environmental defenders and shrinking space for participation in development, development banks have a responsibility to ensure that their activities do not cause or contribute to human rights violations, including […]

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New Report: Institutionalized Corruption in Romania’s Third Largest Company

Brussels, July 12 Counter Balance and its partner CEE Bankwatch have launched a new report exploring corruption cases in Romania’s third largest company. The Oltenia Energy Complex (OEC) is a key player in the energy sector in Romania and today operates ten lignite mines and four power plants. Supposed recipient of a EUR 200 million […]

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World Bank set to finance criticised mega gas pipeline from Azerbaijan to Europe

By Xavier Sol, originally published on the Bretton Woods Observer. Defined as “the biggest infrastructure project of our times“ by the European Commission and a priority for the European Union, the Southern Gas Corridor was always going to attract the attention of the World Bank. As part of Turkey‘s Country Partnership Strategy (CPS), the Bank […]

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Interview MEP Pirinski: “I strongly believe that the EIB should pay more attention to economic, social and territorial cohesion”

Georgi Pirinski started his first term at the European Parliament in July 2014 where he represents the Bulgarian Socialist Party. As rapporteur of the annual report on the European Investment Bank (EIB) for 2014 he shares his views on how to improve the way the Bank operates, with a special emphasis on the need to […]

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