Rabobank raids rural Romania
- DW
- 12 November 2015
A small and poor village in Romania has become the focus of a story involving land grabbing by foreign-owned multinationals and mafia-style corruption.
A small and poor village in Romania has become the focus of a story involving land grabbing by foreign-owned multinationals and mafia-style corruption.
Investment AB Kinnevik today announced that it has sold its Polish agricultural business Rolnyvik, which holds 6,700 hectares of land in Poland, for a total consideration of approximately SEK 400m in cash.
Logging operations are only ramping up, and exploiting special leases, meant for the development of agricultural projects, to clear forest on land belonging to customary owners.
China's appetite for offshore investment in food and agriculture is expected to rebound from a lull that has delayed some deals, given strong interest to meet growing domestic demand, a leading banker said.
Already, investors in Brazil, Guyana's neighbour to the south and south west, have indicated their willingness to invest in the intermediate and Rupununi savannahs.
Investigation finds Rabobank acquired farmlands in Romania that had been sold without the knowledge or consent of the farmer owners.
A broad alliance from World Bank to G8, from governments to multi-national corporations promotes large scale agriculture to improve food security, to create jobs and to bring development to rural communities.
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About a hundred farmers and indigenous peoples voiced out their opposition to the expansion of oil palm plantations in Philippines with nine companies from Malaysia and Indonesia, have signaled their intention to invest in Mindanao.
CDC Group plc, the UK Government's Development Finance Institution, has expressed its intention to lead the Offering with a minimum US$10 million investment.
Groups urge World Bank President to act swiftly to ensure the release and safety of Ethiopian land and environmental activist who worked for the Bank as a transaltor for its Inspection Panel in Ethiopia
Farmers and indigenous people nationwide protested in front of the Department of Environment and Natural Resources to denounce the plans to convert one million hectares of land into palm oil plantations.