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Uncertainty looms on the future of TAP, as EBRD envisages loan decision

By Elena Gerebizza, Re:Common After months of suspense and hesitations, the new Italian government is finally settled in Rome and didn’t wait long to fire out some first juicy declarations. Based on a “political contract” between the 5star Movement and the Northern League, the government’s patchwork agenda envisages to re-discuss planned big infrastructure projects – […]

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Public Infrastructure in Southeast Europe – in whose interest?

A group of 10 NGOs from 7 countries forming the “Balkan Monitoring Public Finances“ project published today a study and policy briefing examining trends in public infrastructure projects in southeast Europe, including the role of the EU and financing institutions. The study includes several case studies of controversial projects financed by the European Investment Bank […]

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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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The EBRD’s silent shale gas coup in Tunisia

Tunis — On 9 July the European Bank of Reconstruction and Development will decide on a USD 60 million loan to Serinus Energy for a project to develop four oil and gas fields in Tunisia, which is also likely to include drilling for shale gas. Twenty groups in Tunisia and Europe are calling on the […]

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NGOs oppose European Bank’s plan to finance oil drilling in Egypt

Cairo/Brussels – On Wednesday 29 May, the European Bank for Reconstruction & Development (EBRD) will vote on whether to make a $40 million loan to Kuwait Energy to drill and extract oil inEgypt. Egyptian and international organisations are pushing the board of the public multilateral bank to reject the loan – or at least postpone […]

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