Tag Archives: EBRD

Azerbaijan suspended from the EITI – a Bankwatch and Counter Balance statement

A decision to suspend Azerbaijan’s membership in the Extractive Industries Transparency Initiative (EITI) adopted yesterday (Mar 9) is the latest reminder for international financial institutes to avoid supporting the Southern Gas Corridor (SGC) project   In 2015, the EITI board downgraded Azerbaijan’s membership status due to its relentless crackdown on civil society, political opponents and […]

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Why the Southern Gas Corridor is the wrong fix for Europe’s future

By Xavier Sol, originally published on Public Finance International. A mega project to pipe gas from Azerbaijan to Europe both rewards an autocratic regime and promotes a misleading energy model While the international consensus over the Nord Stream 2 pipeline has been shaken again after the Polish anti-monopoly watchdog halted the joint venture between Russia’s […]

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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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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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For European public finance, where will all roads lead from Paris?

By Fidanka McGrath (EBRD policy officer), Anna Roggenbuck (EIB policy officer) and Markus Trilling (EU funds policy offer, originally published by Bankwatch. Signing the Paris Agreement is an important step in Europe’s contribution to the global effort to tackle the climate crisis. But funding this commitment necessarily passes through the public coffers. To kick-start the […]

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Lost in transition: Far-reaching changes needed as European bank marks 25 years

On April 15, the European Bank for Reconstruction and Development (EBRD) will be marking its 25th anniversary. Reflecting on two decades of monitoring the EBRD’s policies and projects, a new report from CEE Bankwatch Network raises concerns about a growing gap between the bank’s operations and its mandate. The full report Lost in Transition: 25 […]

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