Chinese Contractor’s Offer for Bosnia’s Tuzla 7 Coal Power Plant Rejected

Just Finance International welcomes the July 14th announcement by the Federation of Bosnia and Herzegovina (FBIH) government that it will reject a proposal for an alternative Chinese subcontractor for the proposed Tuzla 7 coal fired power plant, and calls on the Federation of BiH Parliament to choose to ditch the plant’s construction.

The Beijing-led Asian Infrastructure Investment Bank (AIIB) opened for business in 2016 and rapidly became a major actor in global finance

By the end of 2020, the AIIB could count 102 approved member countries. The participation of Europe’s largest economies as founding members of the AIIB was critical to the AIIB obtaining a triple-A credit rating from the world’s leading rating agencies. This paper provides an overview of the institution’s close alignment with China and the… Continue reading The Beijing-led Asian Infrastructure Investment Bank (AIIB) opened for business in 2016 and rapidly became a major actor in global finance

Bosnia’s planned Tuzla 7 lignite plant on the rocks after state aid U-turn

The future of the planned 450 MW Tuzla 7 lignite plant in Bosnia and Herzegovina is again in doubt after the country’s State Aid Council revoked its decision to approve a public guarantee for a EUR 614 million loan from China Eximbank last week, four years after the Council’s initial clearance. 5 July 2022 The… Continue reading Bosnia’s planned Tuzla 7 lignite plant on the rocks after state aid U-turn

Serbian villages filed a criminal complaint against China’s HBIS for severe pollution

Three Serbian villages and a civil society organization have filed a criminal complaint against the Chinese company HBIS. According to the organization Tvrdjava the steel production in Smederevo has been an “environmental catastrophe” since the Chinese investors arrived. In 2016 the Chinese company HBIS took over the operations of the Smederevo Steel mill, originally founded… Continue reading Serbian villages filed a criminal complaint against China’s HBIS for severe pollution

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Legal Memo on Chinese investments in Serbia Shows Weakened Rule of Law, Leading to Forced Labour and Human Rights Abuses

Ahead of this week’s European Parliament Committee on Foreign Affairs (AFET) vote on Serbia, Just Finance International and Serbia’s Renewables and Environmental Regulatory Institute (RERI) today published a legal analysis detailing how a weakening of law and transparency in Serbia has provided loopholes for large scale infrastructure investments, including from China, leading to reports of forced labour and human rights abuses, along with impacts on human health and the environment.

Legal Analysis: Increased Legal Violations from Chinese Investments in Serbia

It is common for Serbian government authorities to hide information, without a legal or security basis for doing so, when submitting documents to the online portal or responding to information requests. This may include protecting the name of the legal entity, as well as the official case number and other data that should be available to the public.

Mongabay: U.N., rights groups flag potential violations in $3b Indonesian tourism project

By providing core finance for the project, AIIB must take responsibility for its complicity in bankrolling the Mandalika project, where its client and project proponents have been implicated in inflicting human rights violations and fueling land conflicts.

Mještani ugroženi nakon što je kineski Zijin utrostručio proizvodnju u kombinatu bakra u Srbiji

U istočnoj Srbiji nalazi se Bor, jedan od najzagađenijih gradova u toj zemlji. Dok mještani demonstriraju zbog zagađenog vazduha i vode, kineska rudarska kompanija „Serbia Zijin Copper“ koja upravlja velikim rudarsko-metalurškim kompleksom proširuje rudarske radove bez potrebnih dozvola, saglasnosti mještana i transparentnog procesa.