First Investment Bank

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Story
28 February 2018

Bulgaria: Govt. & domestic banks allegedly support coal mining & energy companies accused of labour rights abuses & environmental pollution; includes comments by banks & govt.

The report "The Financial Mines – Murky banking interests in the Bulgarian coal industry drain public funds, destroy thousands of human lives and heavily contaminate the environment” by Greenpeace details human rights abuses and environmental...

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Report
28 February 2018

The Financial Mines – Murky banking interests in the Bulgarian coal industry drain public funds, destroy thousands of human lives and heavily contaminate the environment

Author: Greenpeace Bulgaria

A group of around 20 Bulgarian companies active in coal mining, electricity and heat production form a closely integrated secretive business structure. The companies are owned by foreign firms on paper, but are evidently linked to one or more domestic...

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Company response
27 February 2018

Response by First Investment Bank

Author: First Investment Bank

...First Investment bank (“FIB”)...rejects the notion that its relations with the energy industry are “murky”...The unidentified authors of the Greenpeace report might better address their social justice concerns to the Bulgarian authorities rather...

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