Bankwatch in the media

Negotiations on the role regional funds will play in the EU’s next multi-annual budget are stagnating because talks are taking place in the context of the pre-crisis period, Fabian Zuleeg of the European Policy Centre told EurActiv in an interview.

For the first time ever decarbonisation is an explicit goal of the next EU budget. And it shows: the European Commission wants to devote fully 20% of the 1 trillion budget, which runs from 2014 to 2020, to climate-related actions. The goal: to change the face of the European energy system and sow the seeds for a low-carbon economy in 2050. But it is the Member States who will ultimately have to make up their minds whether they want to make the EU's green dream come true. Sonja van Renssen reports from Brussels.

L’entreprise minière Kumtor Gold Mine est aujourd’hui montrée du doigt par deux études sorties consécutivement et qui l’accusent de négligences graves aux conséquences nuisibles pour le reste de la région centrasiatique. Dans un contexte géographique où l’eau constitue un enjeu majeur, le Kirghizstan bénéficie d’un avantage stratégique puisqu’il est placé en amont des autres pays. Si la gestion des ressources hydriques se fait théoriquement en concertation avec les autres partenaires de la région, ces deux rapports montrent que les relations sont conflictuelles.

A week-old strike at Kyrgyzstan’s largest gold mine is costing Bishkek approximately $380,000 per day, according to the Vechernii Bishkek newspaper. Judging by a brief slowdown last year, the walkout could sharply affect growth forecasts.