Fox Business - The Power to Prosper
Search Site

European Bank for Reconstruction and Development

Ukraine, Russia Hostilities Endanger Chernobyl Cleanup

A $2.1 billion construction project to cap the still-leaking Chernobyl nuclear power plant could be delayed for another two years because of escalating hostilities between Ukraine and Russia.The Chernobyl plant sits just north of Kiev, Ukraine, about a two-hour drive away. It melted down in April 1986, and spread deadly radiation that caused multiple deaths and catastrophic long-term illnesses, including deformities in newborn children. It was the worst nuclear accident the planet has ever seen and an estimated seven million adults and children in the region were affected. The 28th anniversary of the meltdown is this Saturday. Chernobyl was part of the Soviet Union in 1986.The plan was to put the cap on the Chernobyl plant by the end of 2015, a containment shield estimated to last for the next 100 years. But due to the hostilities between Russia and Ukraine, that plan could be delayed until 2017, putting the local population at risk of severe illnesses and birth defects.  The European ...

Read More

  1. Analysis: Boosting European lending without banks

    With a lack of bank lending to European businesses stifling the region's economy, sidestepping the middlemen - if not quite cutting them out altogether - is becoming...

  2. EBRD President Calls for "Radical" Steps to Boost Growth

    Governments in central and eastern Europe should stick to their plans to reduce their budget deficits, but do their utmost to maintain growth-promoting spending on i...

  3. Easy markets access can delay reforms in emerging Europe: EBRD

    Some emerging European countries are able to delay much-needed reforms because they can borrow money in international markets without strings attached, the president...

  4. Poland Taps Former BRE Bank CEO to Head State Investment Fund

    The supervisory board of Poland's newly created state-run infrastructure investment fund has named Mariusz Grendowicz, a former chief executive of BRE Bank SA (BRE.W...

  5. Mongolia Suspends Two Mining Licenses Near Oyu Tolgoi

    Mongolia suspended two mining permits for a Canadian gold and copper explorer partly owned by Rio Tinto PLC (RIO), raising the stakes in a dispute over the huge Oyu ...

  6. Poland's PGE, Energa to Buy Iberdrola's Polish Windfarms

    Polish state-controlled power utility PGE Polska Grupa Energetyczna SA (PGE.WA) and a unit of local peer Energa SA have agreed to take over 75% of shares in a Polish...

  7. EBRD Cuts Growth Forecasts for Central, SE Europe

    The European Bank for Reconstruction and Development again cut its growth forecasts for the economies of central and southeastern Europe Monday, although it said the...

  8. EBRD Cuts 2013 Growth Forecasts for Central, Southeastern Europe

    The European Bank for Reconstruction and Development again cut its growth forecasts for the economies of central and southeastern Europe Monday, although it said the...

  9. Deleveraging Continues More Slowly in Emerging Europe

    There is a significant slowdown in deleveraging in emerging Europe, thanks largely to the European Central Bank and an improvement of bank regulation even cross bord...

  10. Daimler to Supply Kamaz with Commercial Vehicle Engines, Axles

    German automaker Daimler AG (DAI.XE) said Friday it signed a contract to supply its Russian partner Kamaz (KMAZ.RS) with commercial vehicle engines and axles, in par...

  11. EBRD: EU Banking Union Should Let Euro-Outs Join ESM

    The European Union's planned banking union should allow countries outside the euro zone to contribute to and borrow from the European Stability Mechanism if they als...

  12. EBRD Cuts Outlook for Central, Southeast Europe

    The European Bank for Reconstruction and Development on Friday said the economies of central and southeastern Europe will grow more slowly than it previously forecas...

  1. EU Pledges €11 Billion In Aid To Ukraine

    The European Union will provide Ukraine with an aid package adding up to at least 11 billion euros ($15.1 billion) in loans and grants, European Commission President...

  2. Russian retailer Lenta sets price range for share sale

    Russian hypermarkets chain Lenta, part-owned by U.S. private equity firm TPG , has set a price range for its planned London share market offer, valuing the company a...

  3. U.N. Climate Chief to Coal Inudstry: Clean Up Your Act

    The U.N. climate chief urged a radical clean-up of the coal industry on Monday to help limit global warming, at an industry meeting in Warsaw condemned by environmen...

  4. Bank Of Russia: Stress Tests Show Banks are Sufficiently Stable

    Russia's central bank said Tuesday that its most recent stress tests show the country's banks would remain "sufficiently stable," even if the economy were to contrac...

  5. EBRD Cuts 2013 Growth Forecasts Russia, East Europe

    The European Bank for Reconstruction and Development Friday slashed its growth forecast for Russia on a weak outlook for commodity exports, and said radical steps we...

  6. Vienna Banking Group Calls For Common Deposit Scheme

    International policymakers and banks active in central and eastern Europe Thursday said a common deposit guarantee scheme is essential to a successful banking union ...

  7. EBRD Sees Banks "Awash With Cash" But Reluctant To Lend

    Banks in central and eastern Europe are "awash with cash" but either unwilling to lend or frustrated by weak demand for credit, the head of the European Bank for Rec...

‹ Prev123Next ›
Freebase CC-BY
Source: European Bank for Reconstruction and Development on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL