Category: Baltics

  • MIL-OSI United Kingdom: World Press Freedom Day 2025: Joint Statement to the OSCE

    Source: United Kingdom – Executive Government & Departments 3

    Speech

    World Press Freedom Day 2025: Joint Statement to the OSCE

    UK and others call for action to safeguard media freedom across the OSCE.

    Madam Chair, 

    I am delivering this statement on behalf of the following participating States that are members of the informal Group of Friends on Safety of Journalists: Austria, Canada, Denmark, Estonia, Finland, Germany, Greece, Latvia, Lithuania, Montenegro, the Netherlands, Norway, Sweden, and the United Kingdom and my own country France. 

    Last week, on 3 May, we marked the World Press Freedom Day. This day serves as a reminder for States to respect their commitments and obligations regarding press freedom. It is also an opportunity for us all to show our support for media that are affected by restrictions of press freedom, and a day of remembrance of journalists and media actors who lost their lives in the line of duty. 

    As the OSCE Representative on Freedom of the Media has consistently highlighted: there is no security without media freedom. There can be no media freedom if journalists and other media actors cannot work safely and freely. Despite ample commitments and obligations in the field of human rights, media freedom and the safety of journalists, the challenges in the OSCE area are manifold. Journalists and media actors are being harassed, threatened, imprisoned or even killed. Legislation seeking to restrict the space for civil society, journalists and media actors is being implemented in several participating States. Challenges in the digital sphere, such as disinformation, information manipulation and smear campaigns, adverse impacts of AI, and online violence and harassment spurring physical attacks, all  pose additional pressure on the safety of journalists and media freedom in the OSCE area. As highlighted by the RFoM, female journalists face a double burden as they are being attacked as journalists and as women. 

    More than three years into Russia’s unprovoked and unjustifiable war of aggression against Ukraine, with the complicity of Belarus, media freedom and the safety of journalists continue to be severely affected. According to Reporters Without Borders, 13 journalists have been killed by Russian forces, at least 47 Ukrainian and foreign journalists have been injured while reporting due to attacks by Russian armed forces. According to the International Press Institute, at least 20 Ukrainian journalists are currently in Russian captivity. The Moscow Mechanism report of April 2024 also found that journalists are among the thousands of Ukrainian civilians arbitrarily detained by Russia. We continue to be deeply concerned about the treatment of Ukrainian journalist Viktoriia Roshchyna. Russia continues attacking media facilities in Ukraine. On 13 April 2025, several media offices in Sumy were damaged as a result of a Russian strike. On the night of 6 April 2025, an office building in Kyiv used by Inomovlennya, Ukraine’s state service for foreign broadcasting, was damaged as a result of Russian strikes on the city.   

    In Russia, the systematic, state-sponsored repression is intensifying, including through the silencing of dissenting voices, civil society and independent media. Also in Belarus, the systematic and widespread repression continues unabated and intensifies. At least 38 journalists and media actors are currently detained in Russia, and 45 in Belarus. We call on Russia and Belarus to immediately and unconditionally release all those arbitrarily detained and imprisoned, including journalists and media actors. 

    We are following with deep concern the developments regarding media freedom and how it is affected by the spread of so-called “foreign agents” laws and other legislation restricting the possibilities for journalists and media actors to operate. In Georgia, the rushed adoption of repressive legislation is fundamentally incompatible with core democratic principles. We repeat our call on Georgia to immediately and unconditionally release all journalists and media actors arbitrarily detained or arrested, and to engage in genuine dialogue with the RFoM and ODIHR. In Azerbaijan, there has been a concerning increase in cases against independent journalists and free media outlets. We call on Azerbaijan to honour its OSCE commitments and ensure all its citizens due legal process and access to free and independent media. All those detained for exercising their fundamental rights should be released. Regarding Türkiye, we echo the statement by the RFoM calling for the swift release of journalists arrested while covering recent demonstrations. 

    Madam Chair,  

    Let us take the opportunity of the World Press Freedom Day to honor those journalists and media actors that risk their lives and safety to keep us informed, and to reiterate our commitment to implementing our joint commitments and international obligations in the field of human rights and media freedom.  

    I thank you and request that you attach a copy of this statement to the Journal of the Day.

    Updates to this page

    Published 8 May 2025

    MIL OSI United Kingdom

  • MIL-OSI: UAB “Valstybės investicinis kapitalas” Dividend Decision

    Source: GlobeNewswire (MIL-OSI)

    UAB Valstybės investicinis kapitalas, UAB informs that the company’s shareholder has decided to allocate EUR 34,059 for dividends. The remaining share of profit available for distribution EUR 6,777,798 will be allocated to the legal reserve.

    This decision follows the Resolution No. 256 of the Government of the Republic of Lithuania dated April 30, 2025 “Regarding the Dividends Payable by UAB Valstybės investicinis kapitalas for Shares Owned by the State”, which authorized the Ministry of Finance to decide in 2025 to allocate 0.5 percent of the company’s profit available for distribution for the 2024 financial year to dividends.

    Enclosed:

    Approved distribution of Valstybės investicinis kapitalas UAB profit (loss) for the year 2024.

    Contact person:

    Vaidas Daktariunas
    Valstybės investicinis kapitalas UAB, Chief Executive Officer
    Phone: +370 618 29216
    E-mail: vaidas.daktariunas@vika.lt

    Attachment

    The MIL Network

  • MIL-OSI: Baltic Horizon Fund consolidated unaudited results for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the three months of 2025.

    Our strategic ambitions
    Over the past years, our focus has been on reshaping our strategy to foster sustainable value in a very demanding environment, concentrating efforts on avenues that promise reliable and consistent growth for our investors.

    We firmly believe that the execution of the ‘Modern City Life’ strategy, introduced to investors in 2024, is paramount to their best interests. This strategy emphasizes developing centrally located, multi-functional properties with adaptable spaces designed to inspire, uplift, and enhance the lives of modern citizens and communities. Our value proposition is built on quality, flexibility, sustainability, and exceptional service, supported by strategic locations that cater to the evolving needs of our tenants, visitors and neighbours.

    The Fund management team has implemented and specified its key performance indicators (KPIs) as a means to effectively measure and track performance because we acknowledge that clear and measurable benchmarks are essential for evaluating progress towards the Fund’s objectives. By defining specific KPIs, the team aims to enhance transparency, accountability, and facilitate decision-making processes.

    In 2025 the Fund will focus on four KPIs:

    • Occupancy of not less than 90% by the year end. We aim to decrease the current vacancies across the portfolio. At the end of Q1 occupancy rate (based on handover date) was 82.3%
    • Attaining a net operating income (NOI) of EUR 130 per square meter by 2027. Due to possible divestments, from 2025 the management has a new target of NOI/sq.m. rather than total NOI p.a.
    • Loan to value ratio not exceeding 50%. The Fund recently introduced its divestment strategy with the aim to reduce financing costs and decrease LTV levels. In March 2025 the Fund disposed the Meraki business centre in Vilnius. Proceeds of the disposal were used to repay the outstanding loan and early repay the bonds in the amount of EUR 3 million.
    • Optimizing the property portfolio by considering the disposal of non-strategic assets if deemed strategically beneficial.

    Leasing performance
    During the 3 months of 2025, the Fund signed new leases for approx. 2,000 sq. m. Moreover, leases of approx. 5,500 sq. m. were prolonged. 7 new tenants have been attracted to our buildings, while 8 existing tenants have decided to continue their cooperation with us.

    As of the end of March 2025, the portfolio occupancy rate based on handover date stood at 82.3%, while occupancy calculated according to lease signing date reached 86.9%, marking significant progress toward the target of 90%.

    Notably, less than 14% of leases are set to expire during the next 9 months, while the vast majority expire in 2026 and later. We aim to spread our lease terms evenly so that no more than 20% of our leases expire each year.

    Recent successful leasing activity is reflected in the increase in the weighted average unexpired lease term until the first break option, which was 3.6 years as of 31 March 2025 (compared to 3.4 and 2.9 years as of 31 December 2024 and 2023).

    Outlook
    In 2025 the Fund will focus on flexible and sustainable solutions to meet tenant demands and market conditions. Our key goals are increasing the occupancy of the portfolio and decreasing the LTV by way of repaying part of the bonds.

    In 2025, we will continue advancing our social and environmental commitments. All our assets have been BREEAM-certified, and by the end of Q1 2025, we achieved 95% green leases across our portfolio, with a target to further increase this share in the coming year.

    In a challenging leasing market, the Baltic Horizon Fund is focusing on minimizing administration expenses to offset reduced income. By regularly reviewing overhead costs, investing in technology upgrades, and negotiating fees, the fund aims to enhance operational efficiency and improve long-term investment returns. These strategies are essential for maintaining financial health and maximizing results despite limited income opportunities.

    Simultaneously, to reinforce its financial position, the Fund is committed to improving its debt service ratio and reducing loan-to-value levels. By focusing on increasing occupancy rates and optimizing property concepts, we aim to enhance asset performance and maximize net operating income. Adaptive leasing strategies, property repositioning, and targeted investments in high-demand segments will remain key priorities. These initiatives are designed to create long-term value for investors while ensuring the Fund remains resilient in a dynamic market environment.

    Baltic Horizon achieves a 100% BREEAM certified portfolio
    Our portfolio is 100% BREEAM certified.

    GRESB benchmarking
    In 2024 the Fund received a 3-star GRESB rating. During 2024, the Fund has implemented a GRESB improvement plan and aims to receive 4-stars again in the year 2025.

    Net result and net rental income
    The Group earned consolidated net rental income of EUR 3.0 million in Q1 2025 (Q1 2024: 2.8 million). The results for Q1 2025 include two months of net rental income of the Meraki office property (EUR 0.2 million), which was sold on 13 March 2025.

    The portfolio net rental income in Q1 2025 was 6.3% higher than in Q1 2024, mainly due to higher occupancy in Galerija Centrs since the complex was undergoing a transition period of certain tenants in the buildings in Q1 2024, as well as higher occupancy in Meraki as the international office furniture company NARBUTAS fully moved in to the premises at the end of 2024.

    In Q1 2025, the Group recorded a net loss of EUR 968 thousand compared with a net loss of EUR 624 thousand for Q1 2024. The result was mainly driven by the losses on disposal of investment properties. Earnings per unit for Q1 2025 were negative at EUR 0.01 (Q1 2024: negative at EUR 0.01).

    Investment properties
    At the end of Q1 2025, the Baltic Horizon Fund portfolio consisted of 11 cash flow generating investment properties in the Baltic capitals. The fair value of the Fund’s portfolio was EUR 226.2 million at the end of March 2025 (31 December 2024: EUR 241.2 million) and incorporated a total net leasable area of 110.7 thousand sq. m. During Q1 2025 the Group invested approximately EUR 1.4 million in tenant fit-outs.

    Gross Asset Value (GAV)
    As of 31 March 2025, the Fund’s GAV was EUR 243.2 million (31 December 2024: EUR 256.0 million). The decrease compared to the prior year was mainly related to the disposal of the Meraki office building, which had contributed approx. EUR 16.4 million to the GAV.

    Net Asset Value (NAV)
    As of 31 March 2025, the Fund’s NAV was EUR 97.2 million (31 December 2024: EUR 98.1 million). The NAV decrease was mainly due to losses on disposal of Meraki. As of 31 March 2025, IFRS NAV per unit amounted to EUR 0.6769 (31 December 2024: EUR 0.6833), while EPRA net tangible assets and EPRA net reinstatement value were EUR 0.7209 per unit (31 December 2024: EUR 0.7267). EPRA net disposal value was EUR 0.6736 per unit (31 December 2024: EUR 0.6797).

    Interest-bearing loans and bonds
    As of 31 March 2025, interest-bearing loans and bonds (excluding lease liabilities) were EUR 138.9 million (31 December 2024: EUR 149.0 million).
    As of 31 March 2025, the Fund’s consolidated cash and cash equivalents amounted to EUR 12.8 million (31 December 2024: EUR 10.1 million).

    Cash flow
    Cash inflow from core operating activities in Q1 2025 amounted to EUR 1.3 million (Q1 2024: cash inflow of EUR 1.9 million). Cash inflow from investing activities was EUR 14.3 million (Q1 2024: cash outflow of EUR 1.3 million) mainly due to the sale of Meraki in March 2025 for EUR 16 million. Cash outflow from financing activities was EUR 12.8 million (Q1 2024: cash inflow of EUR 5.7 million). In Q1 2025, the Fund repaid the BH Novus UAB (previously BH Meraki UAB) loan amounting to EUR 10.3 million and paid interest on bank loans and bonds.

    Key earnings figures

    EUR ‘000 2025 Q1 2024 Q1 Change (%)
    Net rental income 2,970 2,794 6.3%
    Administrative expenses (548) (585) (6.3%)
    Other operating income (expenses) 18 10 80.0%
    Losses on disposal of investment properties (905) (367) 146.6%
    Valuation losses on investment properties (5) (4) 25.0%
    Operating (loss) profit 1,530 1,848 (17.2%)
    Net financial expenses (2,673) (2,497) 7.0%
    (Loss) profit before tax (1,143) (649) 76.1%
    Income tax 175 25 600.0%
    Net (loss) profit for the period (968) (624) 55.1%
           
    Weighted average number of units outstanding (units) 143,562,514 119,635,429 20.0%
    Earnings per unit (EUR) (0.01) (0.01)

    Key financial position figures

    EUR ‘000 31.03.2025 31.12.2024 Change (%)
    Investment properties in use 226,220 241,158 (6.2%)
    Gross asset value (GAV) 243,208 256,048 (5.0%)
           
    Interest-bearing loans and bonds 138,914 148,989 (6.8%)
    Total liabilities 146,035 157,953 (7.5%)
           
    IFRS Net asset value (IFRS NAV) 97,173 98,095 (0.9%)
    EPRA Net Reinstatement Value (EPRA NRV) 103,496 104,333 (0.8%)
           
    Number of units outstanding (units) 143,562,514 143,562,514
    IFRS Net asset value (IFRS NAV) per unit (EUR) 0.6769 0.6833 (0.9%)
    EPRA Net Reinstatement Value (EPRA NRV) per unit (EUR) 0.7209 0.7267 (0.8%)
           
    Loan-to-Value ratio (%) 61.4% 61.8% (0.4%)
    Average effective interest rate (%) 6.5% 6.7% (0.2%)

    During Q1 2025, the average actual occupancy of the portfolio was 82.7% (Q4 2024: 81.0%). The occupancy rate increased to 82.3% as of 31 March 2025 (31 December 2024: 82.1%).

    Overview of the Fund’s investment properties as of 31 March 2025

    Property name Sector Fair value1 NLA Direct property yield Net initial yield Occupancy rate
    (EUR ‘000) (sq. m)  20252 20253
    Vilnius, Lithuania            
    Europa SC Retail 36,106 17,127 2.7% 3.1% 81.6%
    North Star Office 19,550 10,740 5.6% 6.2% 90.3%
    Total Vilnius   55,656 27,867 3.9% 4.7% 85.0%
    Riga, Latvia            
    Upmalas Biroji BC Office 19,241 11,204 3.4% 4.3% 64.1%
    Vainodes I Office 15,936 8,128 6.2% 8.5% 100.0%
    LNK Centre Office 11,641 7,452 (2.4%) (3.7%) 0.0%
    Sky SC Retail 4,910 3,260 8.7% 9.3% 100.0%
    Galerija Centrs Retail 60,863 19,441 3.4% 4.5% 84.7%
    Total Riga   112,591 49,485 3.3% 4.4% 70.8%
    Tallinn, Estonia            
    Postimaja & CC Plaza complex Retail 21,876 9,232 3.1% 5.2% 100.0%
    Postimaja & CC Plaza complex Leisure 13,195 7,877 6.4% 5.8% 100.0%
    Lincona Office 13,110 10,767 6.7% 8.3% 92.6%
    Pirita SC Retail 9,792 5,425 6.6% 8.5% 97.1%
    Total Tallinn   57,973 33,301 4.9% 6.6% 97.1%
    Total portfolio   226,220 110,653 3.9% 5.0% 82.3%
    1. Based on the latest valuation as of 31 December 2024, recognised right-of-use assets and subsequent capital expenditure.  
    2. Direct property yield (DPY) is calculated by dividing annualized NOI by the acquisition value and subsequent capital expenditure of the property.
    3. The net initial yield (NIY) is calculated by dividing annualized NOI by the market value of the property.

    Consolidated statement of profit or loss and other comprehensive income

    EUR ‘000    
    01.01.2025
    – 31.03.2025
    01.01.2024
    – 31.03.2024
    Rental income 3,794 3,846
    Service charge income 1,332 1,048
    Cost of rental activities (2,156) (2,100)
    Net rental income 2,970 2,794
         
    Administrative expenses (548) (585)
    Other operating income 18 10
    Losses on disposal of investment properties (905) (367)
     Valuation losses on investment properties (5) (4)
    Operating profit (loss) 1,530 1,848
         
    Financial income 42 4
    Financial expenses (2,715) (2,501)
    Net financial expenses (2,673) (2,497)
         
    Profit (loss) before tax (1,143) (649)
    Income tax charge 175 25
    Profit (loss) for the period (968) (624)
       
    Other comprehensive income that is or may be reclassified to profit or loss in subsequent periods
    Net gain (loss) on cash flow hedges 51 (219)
    Income tax relating to net gain (loss) on cash flow hedges (5) 27
    Other comprehensive income (expense), net of tax, that is or may be reclassified to profit or loss in subsequent periods 46 (192)
         
    Total comprehensive income (expense) for the period, net of tax (922) (816)
         
    Basic and diluted earnings per unit (EUR) (0.01) (0.01)
           

    Consolidated statement of financial position

    EUR ‘000   31.03.2025 31.12.2024
    Non-current assets      
    Investment properties   226,220 241,158
    Intangible assets  
    Property, plant and equipment   2 5
    Derivative financial instruments              – 1                      
    Other non-current assets   845 1,225
    Total non-current assets   227,069 242,393
           
    Current assets      
    Trade and other receivables   2,848 2,800
    Prepayments   444 802
    Cash and cash equivalents   12,847 10,053
    Total current assets   16,139 13,655
    Total assets   243,208 256,048
           
    Equity      
    Paid in capital   151,495 151,495
    Cash flow hedge reserve   (374) (420)
    Retained earnings   (53,948) (52,980)
    Total equity   97,173 98,095
           
    Non-current liabilities      
    Interest-bearing loans and borrowings   83,896 98,491
    Deferred tax liabilities   1,742 1,898
    Other non-current liabilities   1,143 1,446
    Total non-current liabilities   86,781 101,835
           
    Current liabilities      
    Interest-bearing loans and borrowings   55,259 50,736
    Trade and other payables   3,331 4,473
    Income tax payable   14
    Derivative financial instruments   303 317
    Other current liabilities   361 578
    Total current liabilities   59,254 56,118
    Total liabilities   146,035 157,953
    Total equity and liabilities   243,208 256,048

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, FacebookX and YouTube.

    This announcement contains information that the Management Company is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above distributors, at 17:45 EET on 08 May 2025.

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  • MIL-OSI: NRD Cyber Security recorded strong growth and international expansion in 2024

    Source: GlobeNewswire (MIL-OSI)

    NRD Cyber Security has enjoyed a year of significant growth, innovation and international expansion in 2024. The company generated consolidated revenue of EUR 10,194 million last year, an increase of 37.6% compared to 2023. Net profit increased by 23.3% to EUR 1,012 million last year.

    “These results reflect not only the growing global demand for cybersecurity services, but also the ability of our team to implement complex projects both in Lithuania and in international markets. We notice and respond to the growing need of organisations to increase their cyber resilience not only at the operational level by organizing their business processes and procedures, but also to strengthen the resilience of their IT infrastructure and improve the detection mechanisms for cyber threats,” says Vilius Benetis, Director of NRD Cyber Security.

    In addition to providing cybersecurity services, the company has developed internationally recognised security solutions such as the centralised cyber threat monitoring platform Natrix. In 2024, there was a continued cooperation with the Central Bank of Egypt, extending the capabilities of Natrix, which has already been deployed in the Egyptian financial sector.

    In 2024, NRD Cyber Security made significant additions to its portfolio of international projects with other large-scale projects. A major cross-cutting project with the European Union Agency for Cybersecurity (ENISA) was completed to strengthen the cyber resilience of EU countries. NRD Cyber Security carried out a risk assessment and tested the cyber security preparedness of the public sector. Other projects of note include the development of a postal ISAC for the Universal Postal Union (UPU), a specialised agency of the United Nations (UN), and the design of a cybersecurity incident response team for the Eastern Caribbean Region.

    NRD Cyber Security, which is growing rapidly, not only strengthens cyber resilience in different countries, but also actively invests in the development of innovative solutions that meet both national and EU strategic priorities. The company’s built-in mechanisms already allow Security Operations Centres (SOCs) to exchange critical information in real time and to identify and report cyber threats more quickly either to their own organisations, or to the customers they serve.

    About NRD Cyber Security

    NRD Cyber Security offers cybersecurity solutions, consulting, and other services. The company aims to create secure digital environments for countries, governments, and businesses, and undertakes a wide range of projects around the world. The company is managed by INVL Technology, a Nasdaq Vilnius-listed IT investment company.

    The person authorized to provide additional information:
    INVL Technology Managing Partner
    Kazimieras Tonkūnas
    E-mail  k.tonkunas@invltechnology.lt

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  • MIL-OSI: NOTICE OF CALLING THE ANNUAL GENERAL MEETING OF THE SHAREHOLDERS

    Source: GlobeNewswire (MIL-OSI)

    Dear Shareholder of Aktsiaselts Infortar!

    The Management Board of Aktsiaselts Infortar (registry code 10139414, seat and address Liivalaia 9, 10118 Tallinn) hereby calls the Annual General Meeting of Shareholders (hereinafter the General Meeting) to be held on 4 June 2025 at 11:00 (Estonian time) at the conference centre of Tallink SPA & Conference Hotel at Sadama 11a, Tallinn.

    The registration of Shareholders begins at 10:00.

    The list of Shareholders entitled to participate in the General Meeting shall be determined as at seven calendar days before the general meeting is held, i.e. on 28 May 2025, at the end of the business day of the settlement system of the registrar of the Estonian register of securities (Nasdaq CSD) (date of fixation of the list).

    In addition to participation at the General Meeting, the Shareholders shall have the possibility to vote by e mail before the General Meeting. 

    By its resolution of 6 May 2025, the Supervisory Board of Aktsiaselts Infortar has determined the following agenda for the General Meeting of Aktsiaselts Infortar. The proposals of the Management Board and Supervisory Board regarding the agenda items are presented as a draft resolution with each agenda item and the Supervisory Board has made the proposal to vote in favour of all the resolutions presented with each agenda item:

    1.    Approval of the 2024 Annual Report
    Approve the 2024 Annual Report of Aktsiaselts Infortar submitted by the Management Board

    2.    Deciding on the distribution of profit
    Approve the following proposal for the distribution of profit submitted by the Management Board of Aktsiaselts Infortar:
    2.1. Approve the net profit for 2024 in the amount 193,670 thousand euros;
    2.2. Pay the Shareholders dividend 3 euros per share. Dividend shall be paid in two parts as follows:
    2.2.1. 1.5 euros per share shall be paid to the Shareholders who have been entered in the list of Shareholders on 4 July 2025 at the end of the business day of the settlement system of the securities registrar (record-date). Consequently, the day of change of the rights related to the shares (ex-date) is 3 July 2025. Dividend shall be paid to the Shareholders on 15 July 2025 by transfer to the bank account of the Shareholder;
    2.2.2. 1.5 euros per share shall be paid to the Shareholders who have been entered in the list of Shareholders on 4 December 2025 at the end of the business day of the settlement system of the securities registrar (record-date). Consequently, the day of change of the rights related to the shares (ex-date) is 3 December 2025. Dividend shall be paid to the Shareholders on 15 December 2025 by transfer to the bank account of the Shareholder.

    3.    Appointment of an auditor for the 2025 financial year and determination of the procedure of remuneration of an auditor
    Appoint the company of auditors KPMG Baltics OÜ to conduct the audit of Aktsiaselts Infortar in the financial year 2025 and to remunerate the work according to the audit contract to be concluded with the auditor.

    4.    Deciding on conduction of the Option Plan
    Terminate the share option plan of Aktsiaselts Infortar approved by resolution no. 6 of the Annual General Meeting of the Shareholders held on 15 June 2021 and the conclusion of option agreements under this plan prematurely as of 30 June 2025. To approve the implementation of a new share option plan of Aktsiaselts Infortar and to grant the Supervisory Board the right to establish the new share option plan under the following principles (“Option Plan”):
    4.1. The purpose of the Option Plan is to motivate the management and employees of Aktsiaselts Infortar by involving them as Shareholders, thereby enabling them to benefit from the increase in the value of the shares as a result of their work. The Option Plan applies to Aktsiaselts Infortar and its group entities in Estonia, Latvia, Lithuania, Finland, and Poland. The Supervisory Board of Aktsiaselts Infortar may decide to extend the Option Plan to group entities in other countries.
    4.2. The term of the Option Plan is four (4) years, and options (“Options”) may be granted and option agreements concluded under the Option Plan from 1 July 2025 until 1 July 2029. Should an Entitled Person (as defined below) fail to conclude an option agreement within the aforementioned period, they shall lose the right to acquire the Options made available to them.
    4.3. Under the Option Plan, Aktsiaselts Infortar shall have the right to issue up to 400,000 Options for the acquisition of 400,000 shares, representing up to 1,89% of the share capital of Aktsiaselts Infortar.
    4.4. Entitled Persons under the Option Plan (“Entitled Persons”) shall be:
    (a) Members of the Supervisory Board of Aktsiaselts Infortar, whereby the granting of Options and the number of Options to be granted to specific members of the Supervisory Board shall be determined annually by the General Meeting by a separate resolution, provided that no Supervisory Board member shall acquire more than 4000 Options per year during the term of the Option Plan;
    (b) Members of the Management Board of Aktsiaselts Infortar appointed by the Supervisory Board, whereby the number of Options to be granted to each Management Board member shall be determined annually by the Supervisory Board by a separate resolution, provided that no Management Board member shall acquire more than 4000 Options per year during the term of the Option Plan;
    (c) Employees of Aktsiaselts Infortar and members of management bodies and employees of group companies, as designated by the Supervisory Board, or by the Management Board if so delegated by the Supervisory Board, whereby the number of Options to be granted to each such person shall be determined annually by the Supervisory Board or the Management Board (in case of delegation) by a separate resolution, provided that no such Entitled Person shall acquire more than 4000 Options per year during the term of the Option Plan.
    4.5. Generally, Options issued under the Option Plan cannot be exercised, and the underlying shares cannot be acquired, before the 3-year vesting period has passed from the grant of the Option. A prerequisite for exercising the Option is that the Entitled Person remains a member of a management body or an employee of Aktsiaselts Infortar or any of its subsidiaries at the time of exercising the Option.
    4.6. Each Option granted under the Option Plan entitles the Entitled Person to acquire one (1) share of Aktsiaselts Infortar upon fulfilment of the preconditions for exercising the Option. In the event of a change in the nominal value of shares, the number of shares granted under each Option shall be adjusted accordingly. The price payable for the shares upon exercising the Options shall be determined annually by decision of the Supervisory Board before the issuance of Options and the conclusion of option agreements for the respective year, provided that the price of the share option must be at least 26 euros per share and represent at least 50% of the weighted average stock exchange price of the  share option over the six-month period preceding 1 June of the calendar year in which the option agreement is concluded. In the case of Options being granted to members of the Supervisory Board, the price per share shall be determined by the General Meeting based on the same principles.
    4.7. The implementation and administration of the Option Plan shall be managed by the Supervisory Board of Aktsiaselts Infortar which shall establish the terms and conditions of the Option Plan by its resolution, following the principles approved by this resolution. The Supervisory Board may delegate decision-making and actions related to the implementation of the Option Plan to the Management Board of Aktsiaselts Infortar. 
    4.8. For the fulfilment of the Option Plan and the acquisition of shares to be transferred to Entitled Persons upon exercise of Options:
    (a) New shares may be issued under the authorisation granted to the Supervisory Board by resolution no. 5 of the Annual General Meeting of the Shareholders, which shall be issued to the Entitled Persons; or
    (b) Own shares held by Aktsiaselts Infortar may be used, including own shares acquired by Aktsiaselts Infortar under the authorisation granted by resolution no. 6 of the Annual General Meeting of the Shareholders.

    5.    Amendment of the Articles of Association and exclusion of the pre-emptive subscription right of the Shareholders
    Decide to grant the Supervisory Board the right to increase the share capital for the purpose of issuing new shares necessary to fulfil the conditions of the Option Plan approved by resolution no. 4 of the Annual General Meeting of the Shareholders and to amend the Articles of Association accordingly and to exclude the pre-emptive subscription right of Shareholders upon each increase of the share capital if the Supervisory Board increases the share capital of Aktsiaselts Infortar under the authorisation given by the Articles of Association for the implementation of the Option Plan:
    5.1. Amend clause 2.1.2 of the Articles of Association with the following wording:
    „The supervisory board of the company has the right, within three (3) years from 1 July 2025, to increase the share capital through contributions by up to 500,000 euros in accordance with the procedure set out by law.“
    5.2. Shareholders shall exclude their pre-emptive subscription right in respect of shares issued by the Supervisory Board pursuant to the authorisation granted in clause 5.1 of this resolution, in accordance with § 345 (1) of the Commercial Code, and the right to subscribe for shares shall be granted to the Entitled Persons to the share option under the Option Plan approved by resolution no. 4 of the Annual General Meeting of the Shareholders for the purpose of ensuring the implementation of the Option Plan.

    6.    Deciding on the acquisition of own shares
    Grant Aktsiaselts Infortar the right to acquire its own shares under the following conditions:
    6.1. Aktsiaselts Infortar shall have the right to acquire its own shares within five (5) years from the adoption of this resolution under a buy-back programme as defined in Regulation (EU) No 596/2014 (Market Abuse Regulation) and Commission Delegated Regulation (EU) No 2016/1052, by purchasing the shares through Nasdaq Tallinn Stock Exchange. The acquired shares may be used for fulfilling obligations arising from the Option Plan approved by resolution no. 4 of the Annual General Meeting of the Shareholders;
    6.2. The maximum number of shares to be repurchased shall be 250,000 shares, the total nominal value of which corresponds to 1,18% of the share capital of Aktsiaselts Infortar;
    6.3. The minimum price per share to be paid by Aktsiaselts Infortar shall be no less than 0 euros and the maximum price shall not exceed the average stock exchange price of the share of Aktsiaselts Infortar of the last 30 trading days preceding the relevant buy-back transaction by more than fifty percent (50%); and
    6.4. The acquisition of own shares by Aktsiaselts Infortar must not cause the net assets to become less than the total of share capital and reserves which pursuant to law or the Articles of Association shall not be paid out to shareholders.
    6.5. To authorise the Management Board to decide and execute share buy-backs in accordance with this resolution and applicable laws, to determine the buy-back price, procedure and other conditions, and to carry out all necessary actions.

    Review of the documents of the General Meeting
    The documents related to the Annual General Meeting of Aktsiaselts Infortar, the documents to be presented to the General Meeting, including the drafts of the resolutions, Annual Report of the financial year 2024 of Aktsiaselts Infortar, the sworn auditor’s report, the proposal for the distribution of profit, the Supervisory Board’s report on the 2024 Annual Report and the substantiations presented by the Shareholders regarding items on the agenda (if any are received) may be examined on the website of Aktsiaselts Infortar at the address www.infortar.ee/investorile and as annexed to the stock notice on the website of the Tallinn Stock Exchange at the address www.nasdaqbaltic.com until the date of holding the General Meeting (included).  

    Shareholders may send any questions regarding the items on the agenda to the e-mail address investor@infortar.ee.

    Rights of the Shareholders regarding the agenda of the General Meeting
    A Shareholder has the right to receive information from the Management Board on the activities of Aktsiaselts Infortar at the General Meeting of Aktsiaselts Infortar. The Management Board may refuse to give information or to present documents if there is a basis to presume that this may cause significant damage to the interests of the public limited company. In the event the Management Board refuses to give information, a Shareholder may demand the General Meeting to decide on the legality of his or her request or file, within two weeks after the General Meeting, a petition to a court by way of proceedings on petition in order to obligate the Management Board to give information.

    The Shareholders whose shares represent at least 1/20 of the share capital may demand the inclusion of additional issues on the agenda of the Annual General Meeting if the respective demand has been submitted no later than 15 days before the General Meeting is held. The Shareholders whose shares represent at least 1/20 of the share capital may submit to the company a draft of the resolution in respect to each item on the agenda. This right may not be exercised later than 3 days before the General Meeting is held. The above documents must be submitted to the company in writing to the address: Aktsiaselts Infortar, Liivalaia 9, 10118 Tallinn or sent with digital signature to the e-mail address investor@infortar.ee.

    Pre-voting
    Shareholders who are unable to or do not wish to participate in the General Meeting can vote on the draft resolutions on the agenda of the General Meeting before the General Meeting (hereinafter Pre-Voting) during the period from the publication of the notice of calling the General Meeting as of 8 May 2025 until 2 June 2025 at 16:00. The procedure for Pre-Voting has been published on the website of Aktsiaselts Infortar at www.infortar.ee/investorile and has been added to the stock notice on calling the General Meeting. The Shareholders who have duly voted shall be deemed to have taken part in the General Meeting and the votes represented by their shares shall be accounted as part of the quorum of the General Meeting, unless otherwise provided by law. 

    Instructions for the participants in the Annual General Meeting and appointment of representative
    Before the General Meeting is held, the Shareholders can notify about the appointment of a representative and the revocation of authorisation by the principal by e-mail at investor@infortar.ee, using the templates that have been published on the website of Aktsiaselts Infortar at www.infortar.ee/investorile and added to the stock notice on the calling of the General Meeting. 

    We kindly ask the Shareholders, who are as at the date of fixation of the list, i.e. on 28 May 2025, registered in the share register maintained by Nasdaq CSD SE and who wish to participate in the Annual General Meeting, to present the following documents for registration:
    –  A Shareholder who is a natural person should present an identity document (passport or ID-card). 
    – A representative of a Shareholder who is a natural person should present an identity document (passport or ID-card) and a properly signed written power of attorney or an electronic power of attorney (digitally signed).
    – A legal representative of a legal person should present an extract (or other similar document) from the respective business register in which the legal person is registered, which shows the person’s right to represent the Shareholder (legal persons registered in Estonia should present an extract of the commercial register registry card which is not issued sooner than 15 days before the General Meeting is held).
    – Authorised representative of a legal person whose right of representation is not indicated in the respective business register extract (or other similar document) should, in addition to the aforementioned documents, submit a power of attorney duly issued by the legal representative of the Shareholder in at least a written or digital format (digitally signed). 

    All documents submitted in foreign languages must be in English or translated into English or Estonian by a sworn translator or an official who is equivalent to a sworn translator.

    We kindly ask that electronic documents (digitally signed) are sent by e-mail to the address investor@infortar.ee not later than by the date of the General Meeting.

    Yours sincerely, 
    Management Board of Aktsiaselts Infortar

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,296 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    Attachments

    The MIL Network

  • MIL-OSI: Elcogen and Casale SA sign Memorandum of Understanding

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 07, 2025 (GLOBE NEWSWIRE) — Elcogen, a leading European manufacturer of technology that enables the efficient production of affordable green hydrogen and emission-free electricity, today announced that it has entered into a Memorandum of Understanding (MoU) with Casale, a global provider of technologies and integrated engineering solutions to produce ammonia and other base chemicals. This is a non-exclusive Memorandum that will enable the parties to collaborate on green ammonia and other Power-to-X (P2X) projects.

    Under this MoU, the two companies will explore commercial projects of mutual interest, with a view to integrating Elcogen’s solid oxide electrolysis stack and stack module technology into Casale’s plants, and potentially other P2X applications globally. In turn, Elcogen can provide their technology platform and related technical services to support Casale in its process design efforts for developers on the international market.

    This partnership marks a significant milestone in the green energy transition, with the possibility of combining Casale’s proven, mature process design expertise with Elcogen’s cutting-edge Solid Oxide Electrolysis Cell (SOEC) technology for highly efficient green hydrogen production.

    Driving the future of sustainable solutions with green hydrogen

    Ammonia production, which today relies primarily on hydrogen derived from natural gas, has traditionally been dependent on fossil fuels, making it a significant source of CO2 emissions. However, by coupling green hydrogen technology into ammonia production and leveraging renewable energy sources, the new process can significantly reduce emissions, offering a cleaner and more sustainable solution for the industry. Combining Elcogen’s efficient SOEC technology with Casale’s high-performance ammonia solutions, the parties will be able to propose leading solutions to the green ammonia market. SOEC is ideally suited to integration with industrial processes, producing hydrogen directly where it is needed as feedstock.

    “Solid oxide technology is on track to reach cost parity with PEM and Alkaline systems soon, and once it does, it will offer even greater value. With a lower levelised cost of hydrogen, greater scalability, and a lack of reliance on precious materials like iridium and platinum, it’s a future-proof technology that’s expected to become a key player in the green ammonia space as it matures. This will provide a competitive advantage to both companies,” said Mikael Jansen, Director of Business Development at Elcogen, adding, “This MoU is an exciting step forward. With over 100 years of experience, Casale is a world-class player, and we are humbled that a major ammonia technology provider shares our same vision. Together, we are making a tangible contribution to world sustainability goals. We’re poised to set a new standard for sustainable ammonia production”.

    SOEC technology offers unparalleled advantages compared to water electrolysis. It requires less electricity to produce hydrogen due to faster and more efficient kinetics, and it can use steam generated from the waste heat of industrial processes – such as ammonia production – further reducing the electricity needed for hydrogen production. Unlike water electrolysis, it produces little to no waste heat itself. The elcoStack® technology platform operates at a lower temperature compared to many other solutions while retaining high efficiency and power densities, providing a simpler and more cost-efficient solution for integrating solid oxide technology into an electrolyser system.

    “Observing Elcogen’s achievements in solid oxide technology, we see a highly complementary fit with Casale’s deep expertise in process integration and plant design. This collaboration opens new possibilities for industrial applications of green hydrogen, particularly in ammonia production and also in other technologies. We believe this partnership will allow both companies to explore innovative solutions in the Power-to-X space, building on our shared commitment to accelerate the energy transition,” said Federico Zardi, CEO of Casale SA.

    Elcogen Contact: Laura Quinton, Communications Manager, Laura.Quinton@elcogen.com +358(0)456163133

    Casale Contact: Maria San Antonio Alonso, Marketing & Communications Manager, m.sanantonio@casale.ch +41 91 6419330

    About Casale

    Founded in 1921, Casale is a privately-owned Swiss company headquartered in Lugano, Switzerland, with over a century of expertise offering integrated technologies, engineering, contracting and construction solutions for the chemical and fertilizer industries. With more than 450 professionals across Switzerland, the Czech Republic, China, India, the United States, the United Arab Emirates and Brazil, Casale is a global leader in sustainable fertilizer production technologies.

    Casale is among the few licensors that can provide the entire fertilizer production chain of ammonia, urea, nitric acid, nitrates, phosphates, in addition to key chemicals such as melamine, methanol. Focused to build sustainable plants for a better planet, the portfolio of solutions also includes innovative technologies to produce green and blue ammonia, methanol, and hydrogen delivering thus a complete range of solutions for new plants and for plants retrofits (revamping).

    Casale delivers, both for plant revamping and new plants, a comprehensive range of services and products including:

    • know-how and licensing of core technologies
    • full range of engineering services, from feasibility studies to basic, FEED, and detail design
    • equipment and materials supply
    • EP/EPC project contracting
    • digital solutions for plant control and management
    • repair and maintenance services

    Casale offers a full range of services consistently prioritizing continuous innovation and operational excellence. Casale’s ability to weave its deep commitment to the research and development of clean technologies into every aspect of its design, construction and renovation projects underlines its leadership in energy transition and sustainability.

    www.Casale.ch

    About Elcogen

    Elcogen develops and supplies solid oxide fuel cell and electrolysis technologies, enabling the production of affordable green hydrogen and emission-free electricity across diverse sectors, from residential to large-scale industrial applications. Founded in 2001, the Company has its registered office in the UK, its main headquarters in Tallinn, Estonia, and R&D centres of excellence in both Estonia and Finland. Serving a growing global customer base, Elcogen’s fuel and electrolyser cells, stacks, and modules are integrated into third-party systems, delivering exceptional performance and reliability. In addition to the supply of components, Elcogen offers comprehensive services to support technology integration, ensuring seamless adoption and optimal functionality of its solutions in various applications. These systems are designed to unlock the full potential of renewable energy, offering superior efficiency compared to traditional technologies. Together with its partners, Elcogen is shaping a sustainable energy landscape and leading the way to a net-zero future.

    www.elcogen.com

    The MIL Network

  • MIL-OSI Europe: REPORT on the deliberations of the Committee on Petitions in 2023 – A10-0063/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on the deliberations of the Committee on Petitions in 2023

    (2025/2027(INI))

    The European Parliament,

     having regard to its previous resolutions on the outcome of the Committee on Petitions’ deliberations,

     having regard to Articles 10 and 11 of the Treaty on European Union (TEU),

     having regard to Articles 20, 24 and 227 of the Treaty on the Functioning of the European Union (TFEU) on the right of EU citizens and residents to bring their concerns to the attention of Parliament,

     having regard to Article 228 TFEU on the role and functions of the European Ombudsman,

     having regard to Article 44 of the Charter of Fundamental Rights of the European Union concerning the right to petition the European Parliament,

     having regard to the provisions of the TFEU relating to the infringement procedure and, in particular, to Articles 258 and 260 thereof,

     having regard to Rules 55 and 233(7) of its Rules of Procedure,

     having regard to the report of the Committee on Petitions (A10-0063/2025),

    A. whereas the purpose of the annual report on the outcome of the Committee on Petitions’ deliberations is to present an analysis of the petitions received in 2023 and of relations with other institutions, as well as to present an accurate picture of the objectives achieved in 2023;

    B. whereas in 2023, Parliament received 1 452 petitions, which represents an increase of 16.2 % compared to the 1 217 petitions submitted in 2022 and of 4.0 % compared to the 1 392 petitions registered in 2021; whereas the total amount of petitions received continues to be significantly lower than the peak reached in 2013 and 2014, when Parliament received 2 891 and 2 715 petitions, respectively;

    C. whereas in 2023, the number of users supporting one or more petitions on Parliament’s Petitions Web Portal was 26 331, which represents a considerable increase compared to the 22 441 users recorded in 2022 (both numbers are considerably lower than the 209 272 supporters recorded in 2021); whereas the number of clicks in support of petitions also increased slightly in 2023, reaching a total of 29 287 (compared with 27 927 in 2022 and 217 876 in 2021);

    D. whereas however, the overall number of petitions remains modest in relation to the total population of the EU, revealing that efforts still need to be stepped up to increase citizens’ awareness of their right to petition and the possible usefulness of petitions as a means of drawing the attention of the institutions and the Member States to matters that affect and concern citizens directly; whereas in exercising the right to petition, citizens expect the EU institutions to provide added value in finding a solution to their problems;

    E. whereas the criteria for the admissibility of petitions are laid down in Article 227 TFEU and Rule 232(1) of Parliament’s Rules of Procedure, which require that petitions must be submitted by an EU citizen or by a natural or legal person who is resident or has a registered office in a Member State and is directly affected by matters falling within the EU’s fields of activity;

    F. whereas of the 1 452 petitions submitted in 2023, 429 were declared inadmissible and 13 were withdrawn; whereas the high percentage (29.55 %) of inadmissible petitions in 2023 confirms that there is still a widespread lack of clarity about the scope of the EU’s areas of responsibility; whereas in order to reduce the number of inadmissible petitions, efforts still need to be made to clarify further the scope of the EU’s fields of activity;

    G. whereas the right to petition Parliament is a fundamental right of EU citizens, offering both citizens and residents an open, democratic and transparent mechanism to address their elected representatives directly; whereas this essential tool empowers citizens to actively and effectively participate in the life of the Union; whereas through petitions, EU citizens can complain about failures to implement EU law and help detect breaches of EU law;

    H. whereas Parliament is the only EU institution directly elected by EU citizens; whereas the right to petition the European Parliament is one of the fundamental rights of EU citizens and residents and it allows them to address their elected representatives directly; whereas Parliament has long been at the forefront of the development of the petitions process internationally and has the most open, democratic and transparent petitions process in Europe, allowing petitioners to participate actively and effectively in its activities, whereas in exercising the right to petitions, citizens expect the EU institutions provide added value, cooperating with the Commission and Member State authorities, in solving their problems;

    I. whereas the information submitted by petitioners in their petitions and during committee meetings, along with the Commission’s assessments and the replies from the Member States and other bodies, also provide valuable input for the work of other parliamentary committees, given that admissible petitions are forwarded to the relevant committee for an opinion or for information; whereas, therefore, petitions can also play a role in the legislative process, providing concrete feedback on the impact of EU policies and enabling policies to address emerging needs;

    J. whereas the activities of the Committee on Petitions are based on the input provided by petitioners, enabling Parliament to enhance its responsiveness to complaints and concerns relating to respect for fundamental EU rights and compliance with EU legislation in the Member States; whereas petitions are therefore a useful source of information on instances of misapplication or breaches of EU law, enabling an assessment of the application of EU law and its impact on the rights of EU citizens and residents; whereas in 2023 fundamental rights were one of the three most important concerns of all petitioners; whereas, in the context of the structured dialogue with the Commission, the Committee on Petitions called on the Commission to fight discrimination in the European Union, including through initiatives to guarantee equal rights and to strengthen measures against all forms of discrimination, including those based on sex, racial or ethnic origin, disability, age, religion or belief and sexual orientation;

    K. whereas according to Article 17 TEU the Commission should ensure the correct application of the Treaties and of measures adopted pursuant to them; whereas the Commission’s strategic approach to addressing issues raised in petitions must be fully consistent with the Treaties in order to ensure the most effective follow-up of petitions, aiming at guaranteeing full and timely protection of citizens’ rights arising from EU law;

    L. whereas each petition must be considered and examined carefully, efficiently, impartially, fairly and transparently, in line with the standards set in Article 41 of the Charter of Fundamental Rights of the European Union on the Right to good administration; whereas all petitioners have the right to receive a reply informing them about the decision on admissibility and follow-up actions taken by the committee within a reasonable period of time, in their own language or in the language used in the petition; whereas timely and effective responses by the Commission and Member States to the issues raised in the petitions, along with solutions for redress, where appropriate, contribute to strengthening the trust citizens place in the Union and its policies;

    M. whereas the Committee on Petitions attaches the utmost importance to the examination and public discussion of petitions at its meetings; whereas petitioners have the right to present their petitions and frequently take the floor in the discussion, thereby actively contributing to the work of the committee; whereas in 2023, the Committee on Petitions held 10 committee meetings, at which 191 petitions were discussed with 114 petitioners present and actively participating by taking the floor;

    N. whereas the main subjects of concern raised in petitions submitted in 2023 related to the environment, fundamental rights, personal matters and justice;

    O.  whereas when adopting its meeting agenda, the Committee on Petitions pays attention to petitions and topics with a high degree of relevance for discussion at EU level and to the need to maintain a balanced geographical coverage of topics according to the petitions received;

    P. whereas 82.4 % of the petitions received in 2023 were submitted via Parliament’s Petitions Web Portal, which is a slight increase compared to 2022 (79.05 %), thus reconfirming it as by far the most used channel for citizens to submit petitions to Parliament;

    Q. whereas in February 2023, the Petitions Web Portal was revamped and relaunched to align it with current expectations and make it easier for residents of the Member States to exercise their right to submit petitions to Parliament; whereas the updated Petitions Portal 2.0 integrated seamlessly with Parliament’s web publishing tool, enabling faster and simpler content updates and new features (including seven ‘Quick Start Guides’ that provide clear, step-by-step instructions for submitting, tracking and supporting petitions); whereas a new search engine powered by elastic search technology enhanced the user experience by delivering more accurate results efficiently leading to the new portal’s prioritising a truly citizen-centred approach; whereas during 2023 all petitions were prepared and published in a timely manner, within a few days of their adoption, and all internal and external requests for support on the use and content of the Petitions Portal were replied to successfully, in a timely manner and in all languages;

    R. Whereas in 2023, the Committee on Petitions (PETI) held four fact-finding visits, during which Members travelled to Romania to examine the management and the protection of the brown bear population and illegal logging, to Donegal (Ireland) to investigate the use of defective mica blocks in construction in Ireland and to Catalonia (Spain) to assess in situ the language immersion model in Catalonia; whereas PETI members were also part of a joint delegation from the Committee on Employment and Social Affairs, the Committee on Civil Liberties, Justice and Home Affairs and PETI that travelled to New York to attend the 16th session of the Conference of States Parties to the Convention on the Rights of Persons with Disabilities (CRPD COSP);

    S. whereas under Parliament’s Rules of Procedure, the Committee on Petitions is also responsible for relations with the European Ombudsman, who investigates complaints about maladministration within the institutions and bodies of the EU; whereas the previous European Ombudsman, Emily O’Reilly, presented her annual report for 2022 to the Committee on Petitions at its meeting of 27 June 2023;

    T. whereas the Committee on Petitions is a member of the European Network of Ombudsmen, which also includes the European Ombudsman, national and regional ombudsmen and similar bodies in the Member States, the candidate countries and other European Economic Area countries, and which aims to promote the exchange of information about EU law and policy, and to share best practice;

    1. Emphasises Committee on Petition’s fundamental role in protecting and promoting the rights of EU citizens and residents by ensuring that petitioners’ concerns and complaints are examined in a timely, effective and appropriate manner and that petitioners are informed about the actions taken and progress made on their petitions; recalls that all petitions are treated through an open, democratic and transparent petition process;

    2. Welcomes the successful contribution the Committee on Petitions made to dealing with the case of the repatriation of children, together with their mothers, who were detained for years in dire conditions in Syrian refugee camps and suffering from serious illness, malnutrition, severe psychological pressure and whose health conditions were worsening day by day; appreciates that the main legal arguments supported unanimously in PETI were substantially backed by the Danish Supreme Court in its order to offer repatriation and support by the Danish foreign ministry to both the children concerned and their mothers;

    3. Reiterates the importance of a continuous public debate on the EU’s fields of activity in order to ensure that citizens are properly informed about the scope of the Union’s competences and the different levels of decision-making; calls for an EU-wide enhanced structured information and communication campaign in all EU official languages in collaboration with national and regional ombudsmen, NGOs, and educational institutions to increase awareness of petition rights among citizens from all Member States, particularly addressing rural and disadvantaged communities and marginalised groups, as well as, remote islands and regions; proposes an expansion of outreach efforts through social media and local community events, emphasises the need for broader awareness-raising campaigns, through the active involvement of communications services, to help increase citizens’ knowledge about their right to petition, as well as the scope of the EU’s responsibilities and the competences of the Committee on Petitions, with a view to reducing the number of inadmissible petitions and enhancing citizen engagement in the decision-making process; recommends improving the digital accessibility of the Petitions Portal, including through adaptations for people with disabilities and higher quality translations into all official EU languages; recommends exploring the potential of the existing IT tools in order to increase citizens’ support on the portal, including through redirecting options to relevant complaint mechanisms;

    4. Recalls the European dimension of the Committee on Petitions, which can be addressed by citizens from all 27 Member States on issues that fall within the scope of the EU Treaties and EU law; believes that the Committee has a special responsibility to uphold this European dimension and to demonstrate the added value of European unity and integration to citizens;

    5. Points out that petitions constitute a unique opportunity for Parliament and the other EU institutions to directly connect with EU citizens and maintain a regular dialogue with them, particularly in cases where they are affected by the misapplication or breach of EU law; stresses the need for enhanced cooperation between the EU institutions and national, regional and local authorities on inquiries regarding the implementation of, and compliance with, EU law; believes that such cooperation is crucial to address and resolve citizens’ concerns over the application of EU law and that it contributes to strengthening the democratic legitimacy and accountability of the Union; calls, therefore, for the participation of Member States’ representatives in committee meetings and for timely and detailed responses to requests for clarification or information sent by the Committee on Petitions to national authorities;

    6. Recalls that petitions contribute considerably to the exercise of the Commission’s role as the guardian of the Treaties by providing citizens with an additional tool to report alleged breaches of EU law; stresses that constructive cooperation between the Committee on Petitions and the Commission through timely and detailed answers from the Commission, which are based on thorough examinations of the issues raised in petitions, is essential to ensure the successful treatment of petitions;

    7. Reiterates its call on the Commission to provide legal clarifications on the key criteria underpinning its strategic approach to enforcing EU law and to regularly update the Committee on Petitions on developments in infringement proceedings and to ensure that the Committee on Petitions gets access to the all relevant documents on EU Pilot and infringement procedures and legislative initiatives that were launched based on petitions received; is of the opinion that increased transparency and regular feedback on the handling of ongoing infringement procedures by the Commission would be beneficial for the Committee’s follow-up of open petitions; welcomes the recent Commission initiative to include petitions in the search system of the infringement register of the Commission; stresses that it is important for the Commission to conduct timely investigations into petitions, highlighting violations of rights affecting a large number of citizens and residents within the EU and to consult, where appropriate, the relevant national ombudsman; expresses its concerns about the way the Commission is handling some infringement procedures launched against Member States, including those related to issues raised in many petitions; encourages the Commission to put in place all necessary measures to improve transparency and effectiveness of its management of infringement procedures, which can be perceived as opaque by citizens;

    8. Calls on the Commission to assess whether the national authorities are taking the necessary measures to respond to citizens’ concerns, as expressed in their petitions, where cases of failure to comply with EU law occur, and to launch infringement procedures where necessary; emphasises that timely and proactive action by the Commission in cases of breaches of EU law is crucial to prevent such breaches, which could undermine citizens’ trust in European institutions, becoming systemic in nature;

    9. Emphasises the need for enhanced and more active cooperation between Member States and the Committee on petitions in order to unblock those petitions requiring prompt responses and reactions from the national authorities; recalls that the delayed responses of the Member States could have an impact on the timely resolution of issues raised by citizens and negative consequences for the solution of breaches of Union law; notes that the Member States should guarantee responses to petitions within the three-month deadline requested; stresses that improved coordination and dialogue would facilitate a more efficient handling of citizens’ concerns, prevent unnecessary delays and strengthen the effectiveness of the petition process;

    10. Strongly condemns the harassment and intimidation to which the official members of the Delegation of the Committee on Petitions were subjected during their fact-finding visit to Barcelona from 18 to 20 December 2023, with the aim of assessing in situ the language immersion model in Catalonia, its effects on families moving to and residing in the Autonomous Community, as well as on multilingualism and non-discrimination and the principle of the rule of law;

    11. Condemns the attempted ‘escraches’ (public shaming through doorstep demonstrations), violence and intimidation by separatist entities and groups in Catalonia that were intended to prevent the smooth running of the mission and with which they sought to coerce MEPs so that the outcome of the mission would favour their interests;

    12. Regrets that the competent education authorities in the region have not implemented the recommendations issued by the Committee on Petitions in its report of 19 March 2024 following the mission, aimed at protecting the linguistic rights of students and their families;

    13. Recalls that the e-Petition database is an essential internal tool that allows the members of the Committee on Petitions to access all necessary information in order to follow up on the state of play of each petition and to be able to make informed decisions on the treatment of the petitions; notes that the e-Petition database also plays an important role in communication with petitioners;

    14. Recalls the Commission’s commitment to create an interinstitutional IT tool, together with Parliament, with which to share information and documents on all follow-up actions taken on petitions, such as infringement procedures, legislative proposals or replies by national authorities, thus enhancing the transparency and efficiency of the treatment of petitions, which, in a wider context, would contribute to increasing citizens’ trust in the EU institutions and the European project;

    15. Recalls that cooperation with other committees in Parliament is essential for the comprehensive treatment of petitions; notes that in 2023, 34 requests for opinion (corresponding to 31 petitions) and 223 requests for information were sent to other committees; notes that of the 34 opinions requested, only 25 answers were received by the end of 2023 (in 14 cases an opinion was provided, while in 10 cases the committee decided not to draft an opinion and on four occasions no official decision has been communicated); recalls that petitioners are informed of decisions to request opinions from other committees for the treatment of their petitions; underlines that parliamentary committees should step up their efforts to actively contribute to the examination of petitions by providing their expertise so as to enable Parliament to respond more swiftly and comprehensively to citizens’ concerns;

    16. Believes that the petitions network is a useful tool for facilitating the follow-up of petitions in parliamentary and legislative work; trusts that regular meetings of the petitions network are crucial in order to ensure more visibility for the Committee on Petition’s activities and a better understanding of its work and mission, as well as to strengthen cooperation with the other parliamentary committees;

    17. Underlines that the Committee on Petitions expressed its position on important issues raised in petitions by adopting its report on the outcome of the Committee on Petitions’ deliberations during 2022[1];

    18. Highlights a slight decrease in the number of petitions submitted on external relations issues compared to 2022; notes that this could be explained by the new geopolitical context in 2023 and in particular a decrease in the number of petitions on the war in Ukraine and a significant increase in petitions dealing with the new conflicts in the Middle East; notes that the Committee on Petitions took account of citizens’ concerns about sanctions, security, conflict resolution, visa policy, progress of EU candidate countries, among other issues, putting on its agenda a number of petitions dealing in particular with questions related to the situation of refugees, in particular of children and on the situation of Venezuelan refugees in the EU; acknowledges the efforts of the committees already actively addressing these issues and emphasises that the Committee on Foreign Affairs and the Committee on Civil Liberties, Justice, and Home Affairs should take note of these petitions in their deliberations;

    19. Takes note that health, which was one of the main areas of concern for petitioners in 2022, appeared to continue to play an important role in 2023; notes, in particular, that the Committee on Petitions examined and discussed petitions on the ban on chemicals and heavy metals in children’s toys, on support for healthy and environmentally friendly food systems and lifestyles and on the implementation of EU regulations on added sugars in foods intended for infants and young children;

    20. Draws attention to the significant number of petitions submitted and discussed in relation to citizens’ concerns over the reintroduction of border checks between some Member States raising the problematic aspect of limitation of the free movement of persons within the EU and other aspects such as the strengths and the weaknesses of the extension of the Schengen area, as well as the costs of not belonging to the Schengen area; appreciates the significant role played by the Committee on Petitions, in particular the host of activities carried out, the adoption in committee of a short motion for a resolution on the accession to the Schengen area on 27 June 2023 and the related Parliament resolution, to strongly support the enlargement of the Schengen area to include Romania and Bulgaria the organisation of the public hearing on Schengen Borders on 18 July 2023 in association with the Committee on Civil Liberties, Justice and Home Affairs; welcomes the unanimous decision by the Council for the full membership of both countries of the Schengen area as of 1 January 2025 allowing the full exercise of the fundamental freedoms of the EU Single Market; 

    21. Takes note of the sudden increase in petitions of Spanish origin in the second half of 2023 concerning the risks to the rule of law in Spain as a result of the Spanish Government’s intention to adopt an Amnesty Law contrary to constitutional and European law;

    22. Underlines the work of the Committee on Petitions in connection with petitions relating to common rules on a single standard for hand luggage dimensions, highlighting citizens’ concerns about the inconvenience and discomfort caused by inconsistent rules on airline carry-on luggage and the resulting hidden costs; emphasises its call for compliance with a relevant European Court of Justice ruling in the context of the revision of EU air services legislation; points, in this regard, to the short motion for a resolution on standardised dimensions for carry-on luggage adopted by the Committee on Petitions on 20 September 2023 followed by the adoption of a resolution by single vote of the European Parliament on 4 October 2023; welcomes the fact that in November 2023 the Commission put forward a review of the passenger rights framework and a series of proposals designed to improve the experience of passengers and travellers, including the requirement of a limited number of common sizes and weights to reduce the confusion; notes with regret that passengers with disabilities are still facing too many barriers while travelling, especially in case of multimodal journeys; regrets that the public transport systems of many Member States do not comply with the requirements of United Nations Convention on the Rights for Persons with Disabilities (UNCRPD);

    23. Notes that environmental issues remained an area of serious concern for petitioners in 2023 with more than 21 % of petitions dedicated to environmental issues; regrets that some of these petitions allege incorrect implementation of EU legislation by the Member States, with some Member States already facing infringement procedures for the breach of EU environmental laws; notes that numerous petitions describe complaints about air quality, noise pollution, waste management/treatment, the deterioration of natural ecosystems and violation of the Habitats Directive in different Member States; highlights the public hearing on the state of implementation of the Habitats Directive organised on 24 May 2023; notes the work the Committee on Petitions continued to carry out in 2023 on the impact of climate change in different fields, not only in the environmental area, but also in the use of land, putting a number of petitions received on these topics on the agenda; points to the workshop on the impact of climate change on social security and the most vulnerable groups organised on 22 March 2023 and also to the presentation of the study on compensation for victims of climate change disasters on 18 July 2023;

    24. Draws attention to the workshop organised by the Committee on Petitions on 25 January 2023 on transparency of pricing and reimbursement of medicinal products, which discussed transparency from the perspectives of patients and consumers, producers of medicinal products, and academic research; notes that the discussions focused on research and development costs of companies and information available on the prices paid for medicines, underlining the importance of transparency on these issues;

    25. Stresses the importance of delivering on EU citizens’ expectations regarding the protection of the environment and urges the Commission, together with the Member States, to ensure the correct implementation of EU legislation in the environmental field, in particular in the field of illegal logging; points to the petitions on environmental issues, which reflect a growing public concern about the implications of climate change, requiring consistent enforcement of the existing EU environmental legislation by both the Commission and the Member States;

    26. Acknowledges the positive effects of the fact-finding visit to Romania from 15 to 18 May 2023 on the management and protection of the brown bear population; notes with regret, however, that there are still too many fatal accidents caused by brown bears in connection with humans and livestock, making further monitoring and cooperation with the national authorities necessary;

    27. Following the fact-finding visit to Romania, stresses the need for a balance between wildlife protection and the citizens’ safety; underlines that each Member State should be allowed to take measures, including population control of the species, in order to prevent threats to the lives and property of its citizens;

    28. Stresses the commitment of the Committee on Petitions to protect the rights of persons with disabilities; recalls the annual workshop of held by the Committee on Petitions on 29 November 2023 on the rights of persons with disabilities; recalls that its first part focused on how persons with disabilities dealt with the recent crises (energy costs, war, high inflation, etc.) and how EU measures helped to overcome these obstacles while the second part addressed the issue of how the European institutions have built inclusive communication with citizens with disabilities; also highlights, in this context, the adoption by the Committee of an opinion in the form of a letter on establishing the European Disability Card and the European Parking Card for persons with disabilities on 29 November 2023; reiterates that the Commission should address the cases where the national authorities refuse to recognise the rights for social security benefits for person with disabilities, thus leaving them without the necessary means to cover their basic needs; underlines as well in this context the imperative need for a full and consistent transposition of the European Accessibility Act and calls on the Member States to avoid further delays that hinder the rights of persons with disabilities; recalls that the Accessibility Act aims at improving the life of at least 87 million persons with disabilities, facilitating their access to, inter alia, public transport, banking services, computers, TVs, e-books and online shops;

    29. Stresses the important contribution made by the Committee on Petitions to the protection of the rights of persons with disabilities, as revealed by its treatment of a number of petitions on this sensitive topic; acknowledges, in this context, the efforts of Parliament’s services and notes that not just the best technical but the most accessible solution for deaf citizens must be found in order to communicate with them in their own mother tongue, in national sign languages; requests the modification of the Rules of Procedures in close cooperation with the Committee on Constitutional Affairs (AFCO) committee in order to eliminate the written communication with deaf citizens; also highlights, in this context, the adoption by the Committee of an opinion in the form of a letter on establishing the European Disability Card and the European Parking Card for persons with disabilities on 29 November 2023;

    30. Underlines, furthermore, the specific protection role played by the Committee on Petitions within the EU in the framework of the UN Convention on the Rights of Persons with Disabilities through its capacity to hear petitions and highlights the committee’s important ongoing work on petitions concerning disability-related issues; while noting a slight decrease in the number of petitions on disability in 2023 compared to 2022, stresses that the number nearly doubled compared to 2021; further points out that discrimination and access to public transport and employment, continue to be major challenges faced by persons with disabilities and emphasises the Committee’s special attention to the request for the European Disability Statute to recognise the rights of people with autism; welcomes the adoption of a short motion for a resolution on harmonising the rights of autistic people, emphasising the need to improve access to diagnosis, healthcare, education, employment, accessibility and provision of reasonable accommodation, legal capacity and lifelong community support including as regards culture and sport; draws attention, furthermore, to the particular role of the Committee on Petitions in safeguarding the rights of children and their parents, acknowledging numerous petitions received on children’s rights, which require special attention and action; recalls, in this context the provisions of the EU Charter of Fundamental Rights, in particular the Article 24 thereof on the rights of the child, to allow every child to maintain a personal relationship and direct contact with both of his/her parents, unless that is contrary to the child’s interests; reiterates as well the risk that families with autistic children are being targeted by offers of unproven, potentially harmful and illegal therapies and interventions which may amount to serious physical abuse of children;

    31. Recalls the fact that relations with the European Ombudsman represent one of the responsibilities conferred on the Committee on Petitions by Parliament’s Rules of Procedure; welcomes Parliament’s constructive cooperation with the European Ombudsman, with whom the Committee on Petitions shares the objectives of ensuring the transparency, professionalism and integrity of the EU institutions vis-à-vis European citizens, as well as its involvement in the European Network of Ombudsmen;

    32. Underlines the key work performed by the Committee on Petitions on the protection of workers’ rights; underlines that several petitions received in this area were followed up by further actions such as the debate on the use of fixed-term contracts, as well as that on the European citizens’ initiative-turned petition ‘Good Clothes, Fair Pay’ focusing on the harmful situation of workers in the global garment and footwear industry, or the Parliamentary Question for Oral Answer on the Working conditions of teachers in the European Union, also having as its basis a petition received on this subject; reiterates the importance of ensuring fair working conditions and greater protection of workers in the EU, calling on the Member States and the Commission to effectively address concerns raised in petitions related to labour rights and trade unions; 

    33. Recalls the European Parliament study on Homelessness in the EU which was commissioned by the Committee on Petitions and presented at its meeting in November 2023; notes that this study made an important contribution on this pressing social and economic challenge, which represents one of the most severe forms of societal exclusion, highlighting the need for a public policy change towards preventing homelessness in the first place, inter alia by providing secure and affordable housing;

    34. Acknowledges the European Ombudsman’s regular contributions to the work of the Committee on Petitions throughout the year; firmly believes that the Union’s institutions, bodies and agencies must ensure consistent and effective follow-up to the recommendations of the Ombudsman;

    35. Stresses that European citizens’ initiatives (ECIs) represent an important instrument for active citizenship and public participation; welcomes the discussion in some meetings of unsuccessful ECIs, which were sometimes subsequently reformulated as petitions, giving citizens the opportunity to present their ideas and hold a constructive debate, while contributing to their participation in the EU’s democratic processes; takes note of the significant number of new ECIs registered by the Commission in 2023, which shows that citizens are seizing the opportunity to use participatory instruments to have a say in policy and lawmaking processes; calls on the Commission to better engage with citizens and give adequate follow-up to successful ECIs; welcomes the important effort put in place to organise, in association with other committees, four public hearings on successful ECIs, which allowed the organisers to present the initiative’s objectives and engage with Members of the European Parliament and representatives of the European Commission; underlines that the Commission’s commitment to responding to valid ECIs is essential to maintaining citizens’ trust in the ECI as the most significant instrument of participatory democracy;

    36. Urges the Commission to give due consideration to the parliamentary resolutions adopted on European Citizens’ Initiatives (ECIs) and to enhance its engagement with citizens, particularly by ensuring appropriate and effective follow-up to successful ECIs, thereby reinforcing the democratic process and ensuring that citizens’ voices are adequately reflected in EU policymaking;

    37. Underlines that the Petitions Web Portal is an essential tool for ensuring a smooth, efficient and transparent petitions process; welcomes, in this regard, the improvements to data protection and security features that have made the portal more user-friendly and secure for citizens; stresses that efforts to make the portal more accessible must be continued, including making it more accessible for sign-language users and persons with disabilities; notes that the Petitions Web Portal has been one of the European Parliament’s most visited websites, thus serving as a first point of contact with Parliament for many EU citizens;

    38. Recalls the European dimension of the Committee on Petitions, which can be addressed by citizens from all 27 Member States on issues that fall within the scope of the Union’s activities; believes that the Committee has a special responsibility to uphold this European dimension and to demonstrate the added value of European unity and integration to citizens and continue addressing issues related to violations of EU law, as well as loopholes and shortcomings in the provisions of existing EU law; believes that timely avoidance of petitions with clear national competences along with comprehensive explanations and instructions about alternative courses of action, where appropriate, could contribute to a constructive approach and an enhanced citizens engagement considers, in this context, that the European Parliament should increase its efforts to promote the role and work of its Committee on Petitions and raise awareness among all EU citizens of the possibility to address a petition to the European Parliament; recalls that due to the limited time allotted to committee meetings, most petitions are treated through written procedure; recalls, in this context, that all petitions received, including those in the area of international affairs, should be handled with the necessary transparency and impartiality; is of the opinion that the selection of petitions for discussion in committee should reflect a geographical and political balance of submissions received; believes, moreover, that geographical balance should also be sought when organising the committee’s fact-finding visits, yearly and over the course of each legislative term;

    39. Welcomes the adoption of the short motion for a resolution on the creation of a European Capital of Local Trade[2] at the plenary session of January 2023; underlines that this achievement is an excellent result for the Committee on Petitions, noting that this project has been successfully included as a preparatory action in the 2024 budget, with a total budget of EUR 3 million; recalls that the project to create a European Capital of Small Retail (ECSR) was officially presented by the Commission in Barcelona in December 2023;

    40. Instructs its President to forward this resolution and the report of the Committee on Petitions to the Council, the Commission, the European Ombudsman, and the governments and parliaments of the Member States, their petitions committees and their national ombudsmen or similar competent bodies.

     

    EXPLANATORY STATEMENT

    Pursuant to Rule 233(7) of the Rules of Procedure of the European Parliament, the Committee on Petitions shall report annually on the outcome of its deliberations. The report aims to provide a comprehensive overview of the work carried out by the committee in 2023 and includes a statistical analysis of the petitions received and processed as well as a stocktaking of other parliamentary activities such as the adoption of reports and opinions, the organisation of hearings and the committee’s relations with other EU institutions. It is worth recalling that the core work of the Committee on Petitions generates from the right to petition the European Parliament exercised by EU citizens and residents under Article 227 TFEU and is not directly linked to the work programme of the Commission.

     

    In 2023, following the decision taken in 2022, all the measures put in place in the European Parliament in the context of the COVID-19 pandemic aiming at ensuring Parliament’s core functions were confirmed. All committee meetings in 2023 took place in Parliament’s premises, with the participation of MEPs, as well as of Commission’s representatives, in person. Petitioners have had the possibility to participate remotely or in person.

     

    Statistical analysis of petitions received in 2023 compared to 2022

     

    According to the statistics, the European Parliament received 1 452 petitions in 2023, which represents an increase by 16.0 % compared to the 1217 petitions submitted in 2022 and by 4.0 % compared to the 1392 petitions registered in 2021. The number of petitions on COVID-19 has significantly decreased compared to the two previous years: 12 petitions on 2023 compared to 45 petitions in 2022 and 242 petitions in 2021.

     

    Users of the Petitions Web Portal have the possibility to support petitions. In 2023, 26331 users acted as supporters as compared to 2022, 22441 and 209272 in 2021. It follows, that in 2023 the number of users supporting petitions in the web portal slightly increased in comparison with the previous year. The number of supports increased in 2023, reaching 29287 compared to 27927 in 2022 but incomparably lower compared to the 217876 in 2021;

     

    In 2023, 11 petitions were co-signed by more than one citizen. Of the 11 petitions signed by more than one citizen, only 1 was signed by more than 100 citizens; of those 11 petitions, only 1 was signed by more than 500 citizens and none by more than 5000 citizens;

     

    Format of petitions

    In 2023, 82.4 % of petitions were submitted via the Petitions Web Portal, while almost 17.6 % of petitions were submitted by post. The figures in the two tables reveal that in 2023 the proportion of petitions submitted via the Petitions Web Portal slightly increased in comparison with 2022, the Petitions Web Portal remaining by far the most used channel for submitting citizens’ petitions to the European Parliament.

     

     

     

     

    2023

     

     

     

    2022

    Petition Format

    Number of petitions

    %

    Petition format

    Number of petitions

    %

     

     

    Petition Portal

     

    1186

    82.4

    Petitions Portal

    962

    79.05

    Letter

     

    254

    17.6

    Letter

    255

    20.95

    The following table shows the status of petitions from 2003 to 2023. It can be noted that in 2023, a very large majority (⅔) of petitions were closed within a year after being received and examined by the committee. As a result of the comparison with the data on the status of petitions included in the annual reports from 2010 to 2022, it can be concluded that a significantly majority of petitions are closed within a year after being received and examined. Except for the year 2023 and partially for year 2016, less than 11% of the petitions received each year since 2003 and very small percentages (from 0.2% to 1.5%) of petitions from 2004 to 2014 remain open. Most of these open petitions relate to environmental issues and ongoing infringement proceedings before the Court of Justice of the European Union or to issues that members of the committee want to follow closely. An important number of petitions on the beach concessions in Italy (in total 450) have been submitted from 2012 to 2023, with a high number in 2016 and 2023 and are still open with a relevant impact on the statistics.

    Status of petitions

     

    Year

     

    Number of petitions

     

    Open petitions

     

     

    Closed petitions

    2023

    1 452

    334

    23.2%

    1 106

    76.8%

    2022

    1 210

    142

    11.7%

    1 068

    88.3%

    2021

    1 388

    154

    11.1%

    1 234

    88.9%

    2020

    1 570

    141

    9.0%

    1 429

    91.0%

    2019

    1 355

    113

    8.3%

    1 242

    91.7%

    2018

    1 219

    110

    9.0%

    1 109

    91.0%

    2017

    1 270

    57

    4.5%

    1 213

    95.5%

    2016

    1 568

    249

    15.9%

    1 319

    84.1%

    2015

    1 431

    64

    4.5%

    1 367

    95.5%

    2014

    2 715

    38

    1.4%

    2 677

    98.6%

    2013

    2 891

    33

    1.1%

    2 858

    98.9%

    2012

    1 986

    26

    1.3%

    1 960

    98.7%

    2011

    1 414

    14

    1.0%

    1 400

    99.0%

    2010

    1 656

    14

    0.8%

    1 642

    99.2%

    2009

    1 924

    5

    0.3%

    1 919

    99.7%

    2008

    1 886

    12

    0.6%

    1 874

    99.4%

    2007

    1 506

    15

    1.0%

    1 491

    99.0%

    2006

    1 021

    2

    0.2%

    1 019

    99.8%

    2005

    1 016

    2

    0.2%

    1 014

    99.8%

    2004

    1 002

    2

    0.2%

    1 000

    99.8%

    2003

    1 315

    0

    0.0%

    1 315

    100.0%

     

    Outcome of petitions[3]

     

    2023

     

     

     

    2022

    Outcome of petitions

    Number

    %

    Outcome of petitions

    Number

    %

     

     

    Admissible and Closed

    677

    46.65

    Admissible and Closed

    527

    43.48

    Admissible and Open

    334

    23.00

    Admissible and Open

    327

    26.98

    Inadmissible

    429

    29.55

    Inadmissible

    357

    29.46

    Withdrawn

    13

    0.8

    Withdrawn

    5

    0.08

    Sent to EC for opinion

    572

    55.21

    Sent to EC for opinion

    482

    37.57

    Sent for opinion to other bodies

    12

    1.16

    Sent for opinion to other bodies

    12

    0.94

    Sent for information to other bodies

    452

    43.63

    Sent for information to other bodies

    789

    61.5

     

    The tables show that the petitions declared inadmissible in 2023 vs 2022 is significantly higher in terms of number but as percentage, the petitions declared inadmissible in 2023 remained stable as compared to 2022.

    The percentage of admissible petitions (46.65%), which were closed immediately by providing information to the petitioner in 2023, is slightly higher as compared to 2022. The percentage of petitions that have been kept open in 2023 (23.00%) have slightly decreased compared to 2022 (26.98%).

    It is also to be noted that in 2023, more than the half (55.21 %) of the admissible petitions were sent to the Commission for opinion.

    Finally, the percentage of petitions sent to other bodies for opinion remained the same in 2023 as compared to 2022.

    Number of petitions by country

    The following two tables illustrate in numbers and in percentage terms changes of petitions by country from 2022 to 2023. A large number of petitions submitted in both years concern the EU. It means that these petitions either raise EU-wide issues or call for common measures to be implemented throughout the EU. Petitions concerning the EU may also relate to one or more Member States and are therefore registered under both the EU and the concerned Member State(s). This explains why the sum of the petitions concerning the EU and of those only related to Member States exceeds the total number of petitions submitted in 2022 and 2023.

    Additionally, it is worth stressing that the six countries mostly concerned by petitions remained the same in both years although the order of the most concerned countries has changed in 2023 compared to 2022, (Italy in 2023 takes the second seat occupied by Germany in 2022 and Greece takes the sixth seat in 2023 occupied by Poland in 2022). The majority of petitions submitted in 2023 concern Spain, with a relevant increase in terms of numbers in comparison with 2022. It is interesting to note the very significant increase in the number of petitions concerning Italy (from 101 to 202) and Portugal (from 17 to 38), and an opposite flow of the number of petitions related to Greece, with a decrease from 71 to 53. A relevant aspect to underline is that the number of petitions related to France, increased (from 39 to 53) in comparison with 2022.

    By contrast, petitions concerning non-EU countries decreased significantly in 2023 compared to petitions submitted in 2022 (from 226 to 176).

    As regards the countries featuring at the bottom of the list, Slovakia, Cyprus and Luxembourg, are the least concerned countries in 2023, while in 2022 it was the case for Czechia, Estonia and Slovakia.

     

     

    2023

     

     

     

     

    2022

     

    Concerned Country

    Petitions

    %

     

    Concerned Country

    Petitions

    %

    European Union

    660

    45.8

     

    European Union

    566

    46.7

    Spain

    267

    18.5

     

    Spain

    199

    16.4

    Italy

    202

    14.0

     

    Germany

    139

    11.5

    Germany

    120

    8.3

     

    Italy

    101

    8.3

    Romania

    65

    4.5

     

    Greece

    71

    5.9

    France

    53

    3.7

     

    Romania

    59

    4.9

    Greece

    53

    3.7

     

    Poland

    54

    4.5

    Poland

    53

    3.7

     

    France

    39

    3.2

    Portugal

    38

    2.6

     

    Hungary

    20

    1.7

    Hungary

    24

    1.7

     

    Ireland

    19

    1.6

    Other EU countries

    193

    13.3

     

    Other EU countries

    143

    11.9

    Non-EU countries

    176

    12.2

     

    Non-EU countries

    226

    18.6

     

    Languages of petitions

    In 2023 and in 2022, petitions were submitted in 22 of the official languages of the European Union. English and Spanish were the most used languages in both 2022 and 2023, with Spanish re-confirmed as the second most used language, after English. Italian gained a position and became the third most used language in 2023, to the detriment of German which is the fourth in 2023. The tables illustrate that English continued to account for more than ¼ of the total of petitions submitted and that English, Spanish, Italian and German languages account for more than ¾ of the petitions received in 2023 and 2022 (77.5% and 76.2% respectively). Slovak, Estonian and Croatian were the least used languages in 2023 while in 2022 it was the case of Slovenian, Czech and Croatian.

     

     

     

     

    2023

     

     

     

    2022

     

    Petition Language

    Number of petitions

    %

     

    Petition Language

    Number of petitions

    %

    English

    382

    26.5

     

    English

    325

    26.7

    Spanish

    301

    20.9

     

    Spanish

    251

    20.6

    Italian

    224

    15.6

     

    German

    215

    17.6

    German

    209

    14.5

     

    Italian

    138

    11.3

    French

    74

    5.1

     

    French

    58

    4.8

    Polish

    49

    3.4

     

    Polish

    56

    4.6

    Greek

    47

    3.3

     

    Greek

    43

    3.5

    Romanian

    44

    3.1

     

    Romanian

    42

    3.5

    Others

    110

    7.6

     

    Others

    89

    7.3

    Total

    1440

    100

     

    Total

    1217

    100

     

    Nationality of petitioners

    As regards nationality, while petitions submitted by Spanish citizens represented the highest number in 2023 confirming not only the first place of the 2022 but also registering an important increase (from 266 to 330), Italian citizens exceeded German petitioners and became the second nationality in submitting petitions in 2023 with a significant increase (from 159 to 254).

     

    In addition, the tables below show a slight rise in the number of petitions submitted by Portuguese nationals in 2023 in comparison with the previous year. By contrast, the number of petitions by Hungarian citizens sensibly decreased in 2023, from 33 submitted in 2022 to 21 in 2023.

     

    Two additional observations: in 2023, the number of petitions submitted by other EU nationalities increased significantly compared to 2022, from 170 to 209, and petitions submitted by non-EU nationalities slightly decreased, accounting for 3% of the total.

     

     

    2023

     

     

     

    2022

     

    Prime petitioner nationality

    Number of petitions

    %

     

    Prime petitioner nationality

    Number of petitions

    %

    Spain

    330

    22.9

     

    Spain

    266

    21.9

    Italy

    254

    17.6

     

    Germany

    251

    20.7

    Germany

    246

    17.1

     

    Italy

    159

    13.1

    Romania

    93

    6.5

     

    Romania

    78

    6.4

    France

    71

    4.9

     

    Poland

    73

    6.0

    Poland

    64

    4.4

     

    France

    60

    5.0

    Greece

    62

    4.3

     

    Greece

    60

    5.0

    Portugal

    39

    2.7

     

    Hungary

    33

    2.7

    Belgium

    29

    2.0

     

    Portugal

    26

    2.1

    Other EU nationalities

     

    209

     

    14.6

     

    Other EU nationalities

     

     

    170

     

    13.9

    Non-EU nationalities

    43

    3.0

     

    Non-EU nationalities

    49

    4.0

     

    Main subjects of petitions

     

    The tables below include the top ten petition themes. From the tables, it appears that the main themes did not differ from one year to another. While in 2022 environment, fundamental rights and justice were the top three petition themes, in 2023 environment, internal market as well as fundamental rights ranked the highest.

    In 2023 the number of petitions raising concerns over the internal market had a significant increase compared to 2022 (194 vs 84), which represent more than the double. This could be explained by the high number of petitions related to the beach concessions in Italy submitted in 2023.

    As regard petitions on health, their number in 2023 (119) remained stable compared to the 115 petitions registered under the same theme in 2022. In the field of the external relations, a slight decrease can be noted, explained by a decrease of the number of petitions on the Ukraine’s war and a significant increase of petitions dealing with the new conflict in the Middle East.

    As far as fundamental rights theme is concerned, the number of petitions on this topic is stable in 2023 compared to 2022. This might be due to the fact that in 2023, an important number of petitions (40) registered under the theme of fundamental rights raised concerns over the respect of the rule of law in Spain.

    2023

     

    2022

    Top 10 Petition themes

    Number of petitions

    %

    Environment

    308

    21.5

    Internal Market

    194

    13.4

    Fundamental Rights

    193

    13.4

    Personal Matter

    179

    12.4

    Justice

    167

    11.6

    Health

    119

    8.3

    External Relations

    96

    6.7

    Consumer’s Right

    93

    6.5

    Transport

    93

    6.5

    Constitutional Affairs

    68

    4.7

    Top 10 Petition themes

    Number of petitions

    %

    Environment

    258

    21.2

    Fundamental Rights

    211

    17.4

    Justice

    189

    15.6

    External Relations

    126

    10.4

    Personal Matter

    126

    10.4

    Health

    115

    9.5

    Employment

    73

    6.0

    Consumer’s right

    66

    5.4

    Institutions

    63

    5.2

    Energy

    61

    5.0

     

    Petitions Web Portal

    In 2023, the Petitions Web Portal, launched in late 2014, was further improved to make it more user-friendly, more secure and more accessible to petitioners.

    The Petitions Web Portal was revamped and relaunched in February 2023 to align with modern expectations and make it easier for EU27 residents to exercise their right to submit petitions to the European Parliament. The updated PETI Portal 2.0 integrated seamlessly with the EP’s web publishing tool, enabling faster and simpler content updates. Its responsive design ensured compatibility with all devices and screen sizes. New features included four ‘Quick Start Guides’ – available in all 24 EU official languages – that provide clear, step-by-step instructions for submitting, tracking and supporting petitions. Additionally, a new search engine powered by elastic search technology enhanced user experience by delivering more accurate results efficiently. The new portal prioritises a truly citizen-centred approach.

     

    In April 2023, the PETI Portal 2.0 was presented to an extended Steering Committee (comprising group advisers and DG IPOL Strategy and Innovation representatives). Updates on releases, petition statistics and a communication strategy to boost the portal’s visibility were also discussed. Moreover, the portal was actively promoted through various media channels, including Europarl, Twitter, the Director-General’s newsletter and events such as the Open Doors Day.

     

    The automatic notification system has been extended and improved to inform petitioners and supporters by email – if they have opted in – when a reply from the European Commission (“Communication to Members” or “CM”) has been published and translated into the petition’s original language and the other languages of the Committee.

     

    The PETI Portal team ensured that all petitions were published within days of their adoption and promptly responded to numerous petitioner queries – across all EU languages – received through the chatbot and Smart Helpdesk.

     

    Relations with the Commission

    The Commission remains the natural partner of the Committee on Petitions in processing petitions as the responsible EU institution for ensuring the implementation of and compliance with EU law. The committee and the Commission have a well-established and consistently maintained level of cooperation. The main contact point in the Commission is the Secretariat-General, which coordinates the distribution of petitions to the relevant Commission’s services and transmits the Commission’s replies to the secretariat of the committee. The Commission’s services participate in the meetings of the Committee of Petitions when petitions are discussed in committee on the basis of the Commission’s written reply or of other documents received. While the Commission has stepped up its efforts to provide timely responses to requests for information made by the Committee on Petitions, the committee believes that the Commission should be more actively involved in the work of the Committee on Petitions in order to ensure that petitioners receive a precise response to their requests and complaints regarding the implementation of EU law.

    Additionally, the committee reiterated its calls for regular updates on developments in infringement proceedings and EU pilot procedures, which relate to open petitions. Finally, the committee remains critical as regards the Commission’s new enforcement policy based on in its 2016 communication entitled ‘EU Law: Better Results through Better Application’ (C(2016)8600), which aims to direct citizens to the national level when complaints or petitions do not raise issues of wider principle or systematic failure to comply with EU law. In this regard, the committee considers that the Commission should check whether national authorities take the necessary steps to respond to citizens’ concerns as expressed in their petitions.

    Pursuing to the Annex IV of the Framework Agreement on relations between the European Parliament and the European Commission on the Timetable for the Commission’s Work Programme and as part of the annual cycle of the structured dialogue, the Committee on Petition welcomed the remote participation of Vice-President of the European Commission for Interinstitutional Relations and Foresight Maroš Šefčovič at its meeting on 28 February 2023. The exchanges of views focused on the state of implementation of the Commission Work Programme as well as on the cooperation between the Petitions Committee and the European Commission on improving relations in the handling of petitions.

    It is also worth noting the Commission’s intervention in the Committee on Petitions’ events throughout the year. In particular the intervention of representatives of the Commission during the presentation of the following studies: study on ‘The boundaries of the Commission’s discretionary powers when handling petitions and potential infringements of EU law’ (Implementation & Enforcement of EU Law) on 26 April 2023; study on “Cross-Border Legal Recognition of Parenthood in the EU” (DG JUST) on 17 July 2023; study on “Compensation for Victims of climate change disasters” (DG CLIMA) on 18 July 2023; study on “Homelessness in the European Union” (DG EMPL) on 30 November 2023.

    Representatives of the Commission also participated in several PETI hearings in 2023: public hearing on “The impact of climate change on social security and the most vulnerable groups” organised on 22 March (DG EMPL), hearing on “The state of implementation of the Habitats Directive” on 24 May 2023 (DG ENV.E – implementation and relations with Member States) with a focus on the infringement actions brought in the context of the Habitat Directive; hearing in association with Committee on Liberties, Justice and Home Affairs on “Schengen Borders – issues raised by petitioners” (DG HOME – Unit of Schengen and External Borders) with a focus on “Historical overview: establishment of the Schengen agreement, its progressive extension and the transfer of the Schengen acquis to the EU competence” on 18 July 2023; hearing on “A reflection on the European Parliament’s Committee on Petitions and the petitions’ systems of third countries” on 24 October 2023.

    Finally, on 29 November 2023, in the annual workshop on the rights of persons with disabilities focusing on “Coping with the cost-of-living crisis and Inclusive communication”, Helena DALLI, the former European Commissioner for Equality intervened via a recorded video statement followed by representatives of DG Communication.

    ECI

    The European Citizens’ Initiative (ECI) is a European Union (EU) mechanism aimed at increasing direct democracy by enabling “EU citizens to participate directly in the development of EU policies”. The initiative enables one million citizens of the European Union, who are nationals of at least seven member states, to call directly on the European Commission to propose a legal act in an area where the member states have conferred powers onto the EU level. If at the end of the procedure, the ECI initiative reaches the threshold, organisers are invited to a hearing organised by the committee for petitions, to present their initiative, and afterwards, Parliament may decide to debate further and adopt a resolution on plenary on the topic.

     

    On 24 January 2023, the Committee on Agriculture and Rural Development (AGRI) jointly with the Committee on Environment, Public Health and Food Safety (ENVI) and with the association of the PETI Committee, held a public hearing on the European Citizens’ Initiative (ECI) “Save bees and farmers! Towards a bee-friendly agriculture for a healthy environment”. The initiative requests the phasing out of synthetic pesticides by 2035, a broader support to farmers and the development of the agriculture by prioritising small scale, diverse and sustainable farming, supporting a rapid increase in agro-ecological and organic practice, and enabling independent farmer-based training and research into pesticide. The former Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevicius and the former Commissioner for agriculture Janusz Wojiechowski presented their points of view on the different topics, showing the need for legislators to work together with all the stakeholder groups.

     

    On 27 March 2023, the Committee on Fisheries (PECH) organised, in association with the Committee on Petitions and the Committee on the Environment, Public Health and Food Safety (ENVI), a public hearing on the ECI “Stop Finning – Stop the Trade”. The initiative requests to the Commission to propose legal measures to end the trade of shark and ray fins in the EU, including the import, export and transit of fins, other than if naturally attached to the animal’s body, notably by extending the scope of Regulation (EU) No 605/2013. Former Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevicius intervened stressing that ECI raises important issues that are relevant to the EU’s policy of protecting the marine environment, protecting and conserving fisheries resources and ensuring sustainable fishing in the EU and globally.

     

    On 25 May 2023, Committee on Environment, Public Health and Food Safety (ENVI) organised in association with the Committee on Petitions and the Committee on Agriculture and Rural Development (AGRI), a public hearing on the ECI “Save cruelty-free cosmetics – Commit to a Europe without animal testing”. The initiative requests three main objectives: protect and strengthen the cosmetics animal testing ban, transform EU chemicals regulation, ensuring human health and the environment by managing chemicals without the addition of new animal testing requirements and modernise science in the EU.

     

    On 12 October 2023, the Committee on Agriculture and Rural Development (AGRI) and the Committee on the Internal Market and Consumer Protection (IMCO) organised, in association with the Committee on Petitions, a public hearing on the ECI “Fur-Free Europe”. The initiative calls on the EU to ban the rearing and killing of animals for the purpose of fur production. It also asked for a ban on the placing on the Union market of both fur from animals farmed for their fur, as well as products containing such fur. Former Commissioner for Health and Food safety Stella Kyriakides recalled that after a deep technical analysis, the Commission will eventually evaluate the necessity and justification of the bans requested by the ECI’ organisers in pursuing objectives of environmental and public health, of animal health and welfare objectives, in ensuring that consumer concerns can be addressed in practice, as well as in ensuring a smooth operation of the internal market.

     

    Article 230 of the Rules of Procedures of the European Parliament allows the Committee on Petitions, if it considers appropriate, to examine proposed citizens’ initiatives which have been registered in accordance with Article 4 of Regulation (EU) No 211/2011, but which cannot be submitted to the Commission in accordance with Article 9 of that Regulation, since not all the relevant procedures and conditions laid down have been complied with. On that basis, the Committee held on 27 April 2023 a debate on the European Citizens’ Initiative (ECI) “Ensuring Common Commercial Policy conformity with EU Treaties and compliance with international law” with the participation of the organisers and a representative of the Commission and members of the committee. The ECI representatives’ main objective was to invite the Commission to propose a legal acts based on the Common Commercial Policy to prevent EU legal entities from both importing products originating in illegal settlements in occupied territories and exporting to such territories, in order to preserve the integrity of the internal market and to not aid or assist the maintenance of such unlawful situations. Although the ECI ended without reaching the threshold of 1 million signatures, the Committee on Petitions could shed light on it and decide to send the petition to the Committee on International Trade for opinion and to ask the European Commission for an update on this topic.

     

    In accordance with the same article, the Committee held on 24 October 2023 a debate on the European Citizens’ Initiative (ECI) “Good Clothes, Fair Pay”, with the participation of the organisers and a representative of the Commission and members of the committee. The ECI representatives’ main objectives were to invite the Commission to propose legislation, requiring undertakings active in the garment and footwear sector to conduct due diligence in respect of living wages in their supply chain achieving the following objectives: (a) complement and build on the ‘EU’s Sustainable Corporate Governance framework’, and the ‘EU Adequate Minimum Wage Directive’; (b) require undertakings to identify, prevent and mitigate adverse impacts on the human right to a living wage and freedom of association and collective bargaining rights; (c) reduce poverty in the Union and worldwide, paying particular attention to the circumstances of women, migrants and workers with precarious contracts and the need to combat child labour; (d) prohibit unfair trading practices which cause, or contribute to, actual and potential harms to workers in the garment and footwear sector and promote fair purchasing practices; (e) provide a right to information for consumers regarding undertakings in the garment and footwear sector; (f) improve transparency and accountability of undertakings in the garment and footwear sector. Although the ECI ended without reaching the threshold of 1 million signatures, the Committee on Petitions could shed light on it and decide to send the petition to the Committee on Employment and Social Affairs for opinion and to ask the European Commission for an update on this topic.

     

    Relations with the Council

    Members of the Council’s Secretariat may attend the meetings of the Committee on Petitions. Regrettably, in 2023, the committee did not observe Council’s participation in the debates. Nevertheless, the committee notes the participation by some local or regional authorities in the discussion on petitions in committee meetings, which in 2023 concerned mainly Spanish-related topics. Also on 30 November 2023, the committee acknowledges the participation of the Head of the Diversity and Inclusion Office of the Council of the EU at the annual workshop on the rights of persons with disabilities.

     

    Relations with the European Ombudsman

    The Committee on Petitions continued its constructive, long-standing working relations with the office of the European Ombudsman, contributing to the increase of the democratic accountability of the EU institutions.

     

    On 27 June 2023, the committee heard the presentation of the European Ombudsman’s Annual Report 2022, delivered by Ms Emily O’Reilly. The report documented the Ombudsman’s work on transparency and accountability (e.g. access to information and documents), culture and service, respect of fundamental rights, the proper use of discretion (including in infringement procedures), recruitment, good management of personnel issues, respect of procedural rights, sound financial management, ethics and public participation in EU decision-making. In 2022, the Ombudsman opened 348 inquiries, of which four were on her own initiative, while closing 330 inquiries. The largest percentage of inquiries concerned the European Commission (57.1%), followed by the European Personnel Selection Office (6.3%), the European Parliament (5.5%) and the European External Action Service (4.6%). The remaining enquires concerned other EU institutions, agencies and bodies with the European Border and Coast Guard Agency (Frontex) totalling 4.3% and the European Union Aviation Safety Agency 2%.

     

    It is also worth noting the intervention by inquiries Officer in the Ombudsman’s Strategic Inquiries Team at the committee’s annual workshop on the rights of persons with disabilities which took place on 29 November 2023.

    Relations with the European Court of Auditors

    Over recent years, the Committee on Petitions has built constructive working relations with the European Court of Auditors (ECA) and has actively contributed to its annual work programmes.

    Relations with other EU bodies

    On 22 March 2023 in the frame of the workshop organised by the Committee on Petition on “The impact of climate change on social security and the most vulnerable groups’, the Head of Climate Change Impacts and Adaptation of the European Environment Agency spoke on “Social preparedness for current and future climate risks”.

    On 24 May 2023 in the frame of the workshop organised by the Committee on Petition on “The state of implementation of the Habitats Directive”, a nature and biodiversity expert at the European Environment Agency intervened in the session “How to promote full compliance by Member States of the Habitats Directive?”.

    On 20 September 2023, the Committee on Petitions organised an Interparliamentary Committee Meeting with a focus on the Cooperation with the Committees on Petitions in national Parliaments – Exchanging best practices and reflecting on new approaches and in the Panel 1 on “The right to petitions, Parliaments rules, procedures and practices” several Members of National Parliaments took the floor, in particular a Member of Spanish Senate, a member of Belgian Federal Parliament. In the second Panel titled “Best Practices And New Approaches To The Right To Petition National Parliaments’ Point Of View” some National Members intervened, among others, one Member of Italian Chamber, one Member of German Bundestag, one member of the French Senate and one Member of the Polish Sejm.

    On 24 October 2023, the Committee on Petitions organised a public hearing on “A reflection on the European Parliament’s Committee on Petitions and the petitions’ systems of third countries” and in this frame several Members of the extra EU National Parliaments intervened. In particular, two representatives of the House of Commons of Canada presented “An analysis of the legal, institutional and procedural framework governing the petitions’ system in Canada”, followed by a member of Federal Senate of Brazil who analysed ‘the legal, institutional and procedural framework governing the petitions’ system in Brazil’. In the second panel of the hearing, one member of the Norwegian Parliament analysed ‘The legal, institutional and procedural framework governing the petitions’ system in Norway”.

    On 29 November 2023, a representative of the Fundamental Rights Agency took the floor in the first panel of the annual workshop on the rights of persons with disabilities.

    Fact-finding visits

    In 2023, the Committee on Petitions organised four fact-finding visits.

     

    The committee organised a fact-finding visit to Romania (Bucharest, Sfântu Gheorghe and Suceava), from 15 to 18 May 2023, on the management and the protection of the brown bear population as raised in Petitions Nos 1188/2019, 1214/2019, 0685/2020, 0534/2021, 0410/2022 and the illegal logging in the country, petitions Nos. 1248/2019, 0408/2020, 0722/2020 and1056/2021. The aim of the mission was to collect as much information as possible on the two subjects of interest, to establish facts and to seek solutions. In this regard, the delegation met various interlocutors, such as national and regional authorities, petitioners, NGOs, environmental activists, as well as representatives of academia and. Following rich exchanges, Members acquired first-hand information and knowledge about the challenges related to the management and the protection of the brown bear population and to the illegal logging and the fight against it in Romania.

     

    From 13 June to 15 June 2023, two Members of the Committee on Petitions participated in a joint ad hoc EMPL, LIBE and PETI delegation to the 16th session of the Conference of States Parties to the Convention on the Rights of Persons with Disabilities (CRPD COSP), which took place at the United Nations Headquarters, New York. Members participating in the delegation took part in several official sessions of the Conference, side events (including one organised by the EP), as well as in a series of bilateral meetings with UN officials, European and non-European governmental and non-governmental organisations, working for the realisation of the rights of persons with disabilities. The main purpose of the delegation was to build on the well-established contacts of the previous year and to highlight and guarantee Parliament’s oversight in the implementation and monitoring of the UN CRPD, within the “Team Europe” cooperation.

     

    A fact-finding visit was organised to the region of Donegal (Ireland) from 30 October to 1 November 2023 on the use of defective mica blocks in construction in Ireland, an alleged non-compliance with the EU Construction Products Regulation (CPR) and on the protection of homeowners as raised on Petitions Nos. 0789/2021, 0790/2021, 0799/2021, 0800/2021, 0801/2021, 0813/2021, 0814/2021 and 0837/2021.During the mission, the delegation was made aware of the large scale and complexity of the challenges related to the use of defective building blocks in construction in Ireland, with significant health, financial and social consequences.

    Between 18 and 20 December 2023, the Committee on Petitions conducted a fact-finding visit to Catalonia (Spain) with the aim of assessing in situ the language immersion model in Catalonia, its impact on families moving to and residing in the region as well as on multilingualism and non-discrimination and the principle of the Rule of Law as raised on petitions Nos. 0858/2017, 0650/2022 and 0826/2022. The objective of this fact-finding visit was to investigate the claims made in the petitions, establish facts, seek solutions and establish a dialogue with regional authorities to obtain a better insight into various aspects concerning the language immersion model in Catalonia. The mission has enabled the Committee to gain a better understanding of the model’s impact on families moving to and residing in the region as well as on multilingualism, non-discrimination and compliance with international and EU law.

    Public Hearings

    In 2023, the Committee on Petitions organised four public hearings, partly jointly with other parliamentary committees. The public hearings covered a wide range of subject raised in petitions.

     

    On 28 February 2023, the Committee on Petitions hosted a public hearing on the “language immersion model in Catalonia, Spain”. The hearing was organised as follow up on several petitions (Nos. 0858/2017and 0650/2022) on the impact of full immersion in Catalan at schools and covered four main themes: the compatibility between European regulations and case law and the linguistic model in Catalonia, the impact of linguistic immersion in Catalonia on the school performance of students whose mother tongue is Spanish, the Catalan linguistic-cultural model and the linguistic immersion in Catalonia, respect for secular bilingualism in Catalonia and compatibility with the linguistic conjunction model.

     

    On 24 May 2023, the Committee on Petitions held, in association with the Committee on the Environment, Public Health and Food Safety, a public hearing entitled “The state of implementation of the Habitats Directive”. Following a significant number of petitions received alleging the breach of the Habitats Directive, the hearing aimed to take a closer look at how the Habitats Directive has being implemented and enforced in the Member States. It was organised in two sessions, and the experts invited, focused, in particular, on the following topics: implementation and infringement overview, implementation challenges and the infringement procedure as an efficient tool for the enforcement of the Habitats Directive. Furthermore, the speakers identified possible best practices to promote full compliance of Member States with the Habitats Directive.

     

    On 18 July 2023, the Committee on Petitions held, in association with the Committee on Civil Liberties, Justice and Home Affairs, a public hearing on: ‘Schengen Borders: – issues raised by petitioners’. On the basis of several petitions Nos. 0428/2020, 0653/2020, 0227/2022, 0719/2022, 0004/2023 and 0037/2023 the hearing aimed at giving voice to citizens’ concerns over the reintroduction of border checks between some Member States (e.g. Denmark and Sweden, Denmark and Germany), thus limiting the free movement of persons within the EU. It also touched upon other aspects such as the strengths and the weaknesses, the extension of the Schengen area, as well as the costs of Non-Schengen. The exchanges were organised in two panels, with the first focusing on the historical background and the current state of play of the Schengen area and the second on the issue of reintroduced border controls within the Schengen area. The Commission pointed out the ongoing dialogue with the Member States and the review of the Schengen Borders Code and stressed that the enlargement of the Schengen area remains a priority.

     

    On 24 October 2023, the Committee held the public hearing ‘A reflection on the EP Committee on Petitions and the petitions’ systems of third countries’. The hearing focused on the analysis and comparison of the EU petitions’ system and the petitions’ systems of selected non-European countries with shared democratic values, namely Canada, Brazil and Norway. The aim was to exchange best practices that could inspire the EU petitions’ system to become more efficient and closer to the citizens and to gather evidence on how citizens can bring forward their concerns through petitions. The experts analysed the legal, procedural and institutional framework governing the Canadian, Brazilian and Norwegian petitions’ systems, as well as the differences with the EU system concerning the submission, admissibility, examination and closure of petitions.

    Workshops

    In 2023, the Committee on Petitions organised three workshops covering subject-matters raised in petitions.

     

    On 25 January 2023, the Committee on Petitions held a workshop on “Transparency of pricing and reimbursement of medicinal products”. The workshop discussed transparency from the perspective of patients/consumers, producers of medicinal products, and academic research. The discussions focused on research and development costs of companies and information available on the actual prices paid for medicines. The exchanges concluded that without full transparency on these issues, any discussion on fair medicine prices and access to medicinal products remains highly difficult.

     

    On 22 March 2023, the Committee on Petitions hosted a workshop on “The impact of climate change on social security and the most vulnerable groups”. The workshop focused on the effects of climate change on vulnerable groups in society, such as the elderly, low-income families, and people with disabilities. It also looked into the role attribution science – an area of science that aims to determine which extreme weather events can be explained by or linked to climate change – can play in helping develop (social) policies for the future.

     

    On 29 November 2023, the Committee on Petitions held its “Annual Workshop on the Rights of Persons with Disabilities”, during the first European Parliament’s Disability Rights Week. The workshop focused on two themes: coping with the cost-of-living crisis and on inclusive communication. The first panel looked into the situation of persons with disabilities in the context of recent crises (COVID-19 pandemic, energy crisis and rising inflation) and discussed proposals for measures to overcome obstacles. The second panel debated the European institutions’ efforts to ensure effective communication with and about persons with disabilities, both internally and in their relations with citizens.

    Studies

    In 2023, the committee heard the presentations of the following studies commissioned by the Policy Department for Citizens’ Rights and Constitutional Affairs at its request:

    – Study on ‘FATCA legislation and its application at international and EU level: – An Update’ on 25 January 2023. Professor C. Garbarino described the most relevant developments in the period 2018-2022 in chronological order and drew conclusions, which include a systemic view of the institutional dynamics, a provisional legal analysis on the basis of existing rules and policy suggestions.

    – Study on “Environmental Crime affecting EU financial interest, the economic recovery and the EU’s green deal objectives”, presented by Prof. Dr Michael G. Faure (Professor of comparative and international environmental law at Maastricht University and Professor of comparative private law and economics at Erasmus School of Law in Rotterdam) and Dr. Kévine Kindji, (Research fellow at at the Maastricht European Institute for Transnational Legal Research (METRO) at Maastricht University) on 25 January 2023. The study suggested that despite commendable efforts, the transnational nature of environmental crime and its convergence with organised crime, money laundering and corruption, have not been adequately integrated into current reforms. It concluded that a proper categorization of environmental crime as a ‘serious crime’ was needed as an essential basis for policy reforms;

     

    – Study on ‘The boundaries of the Commission’s discretionary powers when handling petitions and potential infringements of EU law’, presented by Prof. Armin Cuyvers (Leiden University) on 26 April 2023. The study analysed the legal limits on the discretion of the Commission when deciding to launch, or not to launch, an infringement action, especially in response to a petition. In addition, it assessed how the Commission uses this discretion in practice, and formulates recommendations on improved political collaboration between the European Parliament and the Commission, in the interest of EU citizens;

     

    – Study on “Cross-Border Legal Recognition of Parenthood in the EU”, presented by Professor Alina Tryfonidou (Neapolis University) on 17 July 2023. It examined the problem of non-recognition of parenthood between Member States and its causes, the current legal framework and the (partial) solutions it offers to this problem, the background of the Commission proposal, and the text of the proposal. It also provides for a critical assessment of the proposal and issues policy recommendations for its improvement;

     

    – Study on “Compensation for Victims of climate change disasters”, presented by Professor Michael Faure (Maastricht University and Erasmus Universit), on 18 July 2023. The study outlined the dangers and effects of climate change in the EU, as well as the EU policies and mechanisms to deal with climate change disasters. It also analysed the types of compensation available to victims of climate change disasters in the EU and in a representative selection of Member States and formulated several policy recommendations;

     

    – Study on “Homelessness in the European Union” presented by Professor Eoin O’Sullivan, (Trinity College) on 30 November 2023. The study insisted on the need to change systems that respond to homelessness as an issue of individual dysfunction and inadequacy, to systems that actually end homelessness. Public policy should aim to prevent homelessness in the first instance. It highlighted that the duration of homelessness should be minimised by rapidly providing secure, affordable housing, in order to reduce further experiences of homelessness, decrease costly emergency accommodation, and alleviate trauma associated with homelessness.

     

    In addition, in the frame of the Annual Workshop on the Rights of Persons with Disabilities on 29 November 2023, the following study has been presented by Magdi Birtha (European Centre for Social Welfare Policy and Research):

    – Study on “Targeted measures for persons with disabilities to cope with the cost-of-living crisis”. The study analysed the impact of the ongoing cost-of-living and energy crises on the standard of living for persons with disabilities. Based on available evidence, it provided for an overview on legislation, policy measures and schemes that support persons with disabilities and their families to cope with the rising cost of living at EU level and in selected Member States.

    Key issues

    Internal Market

    It is worth noting the high increase in 2023 in the number of petitions on internal market issues. This rise is in large part due to a high number of petitions submitted on the situation of the beach concessions in Italy in particular on alleged non-compliance with Directive 2006/123/EC on liberalisation of services (‘Bolkestein Directive’). A second major topic is related to the citizens’ concerns over the reintroduction of border checks between some Member States (e.g. Denmark and Sweden, Denmark and Germany), thus limiting the free movement of persons within the EU and other aspects such as the strengths and the weaknesses, the extension of the Schengen area, as well as the costs of Non-Schengen in particular for Romania and Bulgaria.

    The Committee adopted a short motion of resolution on the Accession to the Schengen area on 27 June 2023 and organised a public hearing on Schengen Borders: – issues raised by petitioners on 18 July 2023.

    Fundamental Rights

    Still in 2023, the committee received a high number of petitions on fundamental rights, including alleged breaches of the General Data Protection Regulation in different EU countries and on the respect of the rule of law and democracy.

    In addition, the Committee continued to receive petitions on the violation of the human rights in several third countries and a series of petitions on the fundamental rights of LGBT-EU citizens.

    Other relevant topic concerned the homelessness in the EU, how to deal with this sensitive issue and a study has been presented on November 2023, insisting on the need to change systems that respond to homelessness as an issue of individual dysfunction and inadequacy, to systems that actually end homelessness, with a new role of the public sectors.

    Environmental issues

    In 2023, environmental issues remained high in citizens’ concerns and the committee paid paramount attention to them. The protection of the environment was discussed in almost all committee meetings, on the basis of petitions. Topics such as protection of wildlife and forest policy within the EU have been discussed as well as alleged breaches of the Habitats Directive in some Member States.

    The Committee exanimated also petitions on the protection of the quality of groundwater resources against chemical environmental pollution and on control of the air pollution and air quality safeguarding of the health of the population concerned.

    In addition, the committee held fact-finding visit to Romania (Bucharest, Sfântu Gheorghe and Suceava), in relation to several petitions that raised some issues as the management and the protection of the brown bear population and the illegal logging in the country.

    Other topics submitted to the attention of the PETI committee have concerned alleged breaches of EU environmental law and the new dimension of the climate change. In this frame, the Committee on Petitions held a workshop on the impact of climate change on social security and the most vulnerable groups on March 2023 and in its meeting of July 2023, a study on Compensation for victims of climate change disasters has been presented and discussed.

    The animal welfare became a relevant topic in 2023, with a series of petitions calling for a revision of the legislation on animal welfare and a specific legislation for the protection and management of companion, domestic and stray animals inside the EU. The Committee examined petitions against the cruel treatment of animals in different Member States and proposed to have a Commissioner specifically competent for the animal welfare issues.

    Disability issues

    The Committee on Petitions plays a specific protection role as regards compliance with the United Nations Convention on the Rights for Persons with Disabilities (UNCRPD) within the policymaking and legislative actions at EU level. Within this responsibility, the committee deals with petitions on disability issues. It is worth stressing that in 2023 the number of petitions on disability (22) slightly decreased in comparison with 2022 but almost doubled as compared to 2021 (28 in 2022 and 13 in 2021). In 2023, the committee continued examining petitions on disability revealing that the main challenges remain discrimination, access to education and employment as well as inclusion. Special attention was given by the committee to Petition No 0822/2022 asking for the European Disability Statute to contemplate the rights of people with autism followed by the approval of a short motion of resolution on the same topic, Petition No 0756/2019 on an EU-wide disability card, Petition No 1056/2016 requesting the European Parliament allow for the tabling of petitions in national sign languages used in the EU as well as Petition No 0569/2023 on the accessibility of public transport for wheelchair users in Belgium.

    From 13 June to 15 June 2023, the Committee on Petitions participated in a joint ad hoc EMPL, LIBE and PETI delegation to the 16th session of the Conference of States Parties to the Convention on the Rights of Persons with Disabilities (CRPD COSP), which took place at the United Nations Headquarters, New York. The main purpose of the delegation was to build on the well-established contacts of the previous year and to highlight and guarantee Parliament’s oversight in the implementation and monitoring of the UN CRPD, within the “Team Europe” cooperation. It gave the delegation the opportunity to exchange views and discussed how ensuring equal access to and accessibility of sexual and reproductive health services for persons with disabilities and improve their digital accessibility.

     

    Finally, on 29 November 2023, the Committee hosted the Annual Workshop on the Rights of Persons with Disabilities, focusing in the first part on ‘Coping with the cost-of-living crisis’. where the situation of persons with disabilities in the face of recent crises has been presented (the energy crisis following the Russian invasion of Ukraine, together with rising inflation) and some proposals for targeted measures to overcome obstacles have been discussed (EU funds, the European Social Fund Plus and temporary instruments, the Recovery and Resilience Funds (RRF)). In the second panel on ‘Inclusive communication’ the focus was on the efforts made by the European Institutions to ensure effective communication with and about persons with disabilities, both internally and in their relations with citizens.

    Reports, Motions for Resolutions and Opinions

    The Committee on Petitions worked intensely to adopt a considerable number of parliamentary files.

     

    In 2023, the Committee on Petitions adopted three own initiative reports as follows:

     

    – Report on the Activities of the European Ombudsman – Annual Report 2021” (2022/2141(INI)) PETI/9/10044 – Rapporteur: Anne Sophie Pelletier (GUE) – adopted on 28 February 2023;

    Report under Rule 227(7) on the Deliberations of the Committee on Petitions in 2022” (2023/2047(INI)) PETI/9/11741 – Rapporteur: Alex AGIUS SALIBA (S&D) – adopted on 24 October 2023;

    – Report on the Activities of the European Ombudsman – Annual Report 2022” (2023/2120(INI)) PETI/9/12602 – Rapporteur: Peter JAHR (EPP) – adopted on 29 November 2023;

     

    The Committee also adopted the following fact-finding visits mission reports:

     

    – Report of the fact-finding visit to Poland 19-21 September 2022 PETI/9/11016 – adopted on 22 March 2023;

    – Report of the fact-finding visit to Washington D.C. 18-22 July 2022 PETI/9/11015 adopted on 22 March 2023;

    – Report of fact-finding visit to Germany from 3 to 4 November 2022 on the functioning of the “Jugendamt” (Youth Welfare Office) PETI/9/11343 adopted on 26 April 2023;

    – Report of Fact-Finding Visit to Romania from 15 to 18 May 2023 on the management and the protection of the brown bear population and the illegal logging in Romania, as raised in Petitions Nos: 1188/2019, 1214/2019, 0685/2020, 0534/2021, 0410/2022 (the brown bear population), as well as 1248/2019, 0408/2020, 0722/2020, 1056/2021 (the illegal logging) PETI/9/13165 – adopted on 29 November 2023;

     

    In addition, the committee adopted the following Motions for Resolutions:

     

    – Short motion for resolution on the Accession to the Schengen area 2023/2668(RSP), PETI/9/11832 – Rapporteur: Dolors Montserrat (Chair) – adopted on 27 June 2023;

    – Short motion for resolution on Standardised dimensions for carry-on luggage 2023/2774(RSP) PETI/9/12441 – Rapporteur: Dolors Montserrat (Chair) – adopted on 20 September 2023;

    – Short motion for resolution on Harmonising the rights of autistic persons, 2023/2768 (RSP) PETI/9/12151 – Rapporteur: Dolors Montserrat (Chair) – adopted on 20 September 2023;

     

    In 2023, the Committee on Petitions also adopted two opinions, as follows:

     

    – Opinion in form of a letter on Monitoring the application of European Union Law 2020, 2021 and 2022, 2023/2080(INI) PETI/9/12224 – Rapporteur: Loránt Vincze (EPP) – adopted on 20 September 2023;

    – Opinion in form of a letter on Establishing the European Disability Card and the European Parking Card for persons with disabilities, 2023/0311(COD) PETI/9/13175 – Rapporteur: Dolors Montserrat (EPP) – adopted on 29 November 2023;

     

    Finally, the committee adopted the following texts:

     

    – Amendments to the Budget 2024 – adopted on 18 July 2023.

    – Oral Question on Improving the strategic approach on the enforcement of EU Law 2023/2886(RSP) PETI/9/13266 – Rapporteur: Dolors Montserrat (Chair) – adopted on 24 October 2023.

     

    ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    The rapporteur declares under his exclusive responsibility that he did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

    INFORMATION ON ADOPTION IN COMMITTEE RESPONSIBLE

    Date adopted

    8.4.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    16

    13

    4

    Members present for the final vote

    Peter Agius, Alexander Bernhuber, Damien Carême, Alma Ezcurra Almansa, Gheorghe Falcă, Chiara Gemma, Isilda Gomes, Sandra Gómez López, Cristina Guarda, Paolo Inselvini, Michał Kobosko, Sebastian Kruis, Murielle Laurent, Dolors Montserrat, Valentina Palmisano, Pina Picierno, Bogdan Rzońca, Pál Szekeres, Jana Toom, Nils Ušakovs, Ivaylo Valchev, Anders Vistisen, Maria Zacharia

    Substitutes present for the final vote

    Gordan Bosanac, Hana Jalloul Muro, Elena Nevado del Campo

    Members under Rule 216(7) present for the final vote

    Maravillas Abadía Jover, Adrian-George Axinia, Marieke Ehlers, Tomasz Froelich, Eleonora Meleti, Elena Sancho Murillo, Marion Walsmann

     

     

     

    FINAL VOTE BY ROLL CALL BY THE COMMITTEE RESPONSIBLE

    16

    +

    ECR

    Bogdan Rzońca

    PPE

    Maravillas Abadía Jover, Peter Agius, Alexander Bernhuber, Alma Ezcurra Almansa, Gheorghe Falcă, Eleonora Meleti, Dolors Montserrat, Elena Nevado del Campo, Marion Walsmann

    PfE

    Marieke Ehlers, Sebastian Kruis, Pál Szekeres, Anders Vistisen

    Renew

    Michał Kobosko, Jana Toom

     

    13

    ESN

    Tomasz Froelich

    NI

    Maria Zacharia

    S&D

    Isilda Gomes, Sandra Gómez López, Hana Jalloul Muro, Murielle Laurent, Pina Picierno, Elena Sancho Murillo, Nils Ušakovs

    The Left

    Damien Carême, Valentina Palmisano

    Verts/ALE

    Gordan Bosanac, Cristina Guarda

     

    4

    0

    ECR

    Adrian‑George Axinia, Chiara Gemma, Paolo Inselvini, Ivaylo Valchev

     

    Key to symbols:

    + : in favour

     : against

    0 : abstention

    MIL OSI Europe News

  • MIL-OSI: Inbank unaudited financial results for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    In Q1 2025 Inbank earned a consolidated net profit of 4.5 million euros, increasing 14% year-on-year. The return on equity (ROE) in Q1 stood at 12.3%. 

    • In Q1 2025, Inbank’s total net income reached 20.7 million euros, reflecting an 18% increase compared to the same period last year, driven by consistently improving margins and portfolio growth across both CEE and the Baltics regions. Total operating expenses amounted to 11.1 million euros, which is an 11% increase year-on-year. As a result, Inbank’s cost-income ratio improved to 53.5% for the quarter. 
    • Inbank’s originated volume (OV) for the first quarter reached 166 million euros, which is 6% more than a year ago. 
    • Green financing in Poland grew strongly by 67% compared to a year ago and reached 33 million euros during the quarter. Merchant solutions remained the largest segment with 59.3 million euros in originated volume, but declined 7% compared to a year ago due to a strategic exit from lower-margin partners in Poland. Car financing recorded a 4% decrease year-on-year to 40.2 million euros, impacted by the newly introduced car tax in Estonia, which also contributed to a 2% decrease year-on-year in rental volumes to 11.6 million euros. Direct lending continued on a growth path, increasing 9% to 21.8 million euros. 
    • The loan and rental portfolio reached 1.18 billion euros increasing 11% year-on-year, while the deposit portfolio grew by 15% to 1.27 billion euros. As of the end of Q1, Inbank’s total assets stood at 1.5 billion euros growing 13% year-on-year. 
    • Inbank’s impairments on loans and receivables remained within the company’s target range, accounting for 1.54% of the average loan and rental portfolio. 
    • By the end of Q1, the number of active customer contracts reached 941,000 and 5,600 active partners, following the company’s strategic decision to exit lower-margin merchants.

    Priit Põldoja, Chief Executive Officer, comments on the results:

    “With a few challenging years behind us, Inbank is seeing steady improvement across its financial indicators. Key metrics such as return on equity, total income margin and cost-income ratio have shown consistent progress compared to the last three years and this positive trend is expected to continue. To improve profitability, we have found a better balance between the pace of growth and margin expansion. As of the end of Q1, Inbank’s total assets have surpassed 1.5 billion euros, and equity has exceeded 150 million euros. Remarkably, it was just nine quarters ago that we crossed the 1 billion euros and 100 million euro thresholds, respectively.

    Looking ahead, our improving financial performance and stronger capital base enable us to focus more intently on delivering value to our partners and end-customers. Inbank’s key competitive advantage lies in our broad partner network accompanied by the fastest, most convenient and automated loan origination and credit underwriting capabilities. Going forward we continue to focus on building on our strengths to grow our market position and profitability.”    

    Key financial indicators as of 31.03.2025 

    Total assets EUR 1.52 billion 
    Loan and rental portfolio EUR 1.18 billion
    Customer deposits EUR 1.13 billion
    Total equity EUR 152 million
    Net profit EUR 4.5 million
    Return on equity 12.3%

    Consolidated income statement (in thousands of euros)

      Q1 2025 Q1 2024 3 months 2025 3 months 2024
    Interest income calculated using effective interest method 31,273 28,768 31,273 28,768
    Interest expense -13,313 -13,612 -13,313 -13,612
    Net interest income 17,960 15,156 17,960 15,156
             
    Fee and commission income 7 111 7 111
    Fee and commission expenses -1,232 -1,186 -1,232 -1,186
    Net fee and commission income/expenses -1,225 -1,075 -1,225 -1,075
             
    Rental income 9,149 7,149 9,149 7,149
    Sale of assets previously rented to customers 3,961 4,583 3,961 4,583
    Other operating income 11 339 11 339
    Depreciation of rental assets -4,262 -3,331 -4,262 -3,331
    Other operating expenses -1,683 -1,458 -1,683 -1,458
    Cost of assets sold previously rented to customers -3,643 -4,350 -3,643 -4,350
    Net rental income/expenses 3,533 2,932 3,533 2,932
             
    Net gains/losses from financial assets measured at fair value 444 890 444 890
    Foreign exchange rate gain/losses 19 -339 19 -339
    Net gain/losses from financial items 463 551 463 551
             
    Total net income 20,731 17,564 20,731 17,564
             
    Personnel expenses -5,610 -4,771 -5,610 -4,771
    Marketing expenses -853 -633 -853 -633
    Administrative expenses -2,962 -2,838 -2,962 -2,838
    Depreciation, amortization -1,663 -1,756 -1,663 -1,756
    Total operating expenses -11,088 -9,998 -11,088 -9,998
             
    Share of profit from associates        
    Impairment losses on loans and receivables -4,470 -3,199 -4,470 -3,199
    Profit before income tax 5,173 4,367 5,173 4,367
             
    Income tax expense -642 -403 -642 -403
    Profit for the period 4,531 3,964 4,531 3,964
             
    Other comprehensive income that may be reclassified subsequently to profit or loss        
    Currency translation differences -107 20 -107 20
    Total comprehensive income for the period 4,424 3,984 4,424 3,984


    Consolidated statement of financial position (in thousands of euros)

      31.03.2025 31.12.2024
    Assets    
    Cash and cash equivalents 218,356 153,191
    Mandatory reserves at central banks 26,042 25,156
    Investments in debt securities 47,063 46,724
    Financial assets measured at fair value through profit or loss 103 27
    Loans and receivables 1,059,208 1,041,542
    Other financial assets 5,309 4,569
    Tangible fixed assets 100,263 98,069
    Right of use assets 19,775 20,551
    Intangible assets 32,022 31,560
    Other assets 9,532 9,718
    Deferred tax assets 4,973 4,707
    Total assets 1,522,646 1,435,814
         
    Liabilities    
    Customer deposits 1,267,247 1,171,359
    Financial liabilities measured at fair value through profit or loss 120 503
    Other financial liabilities 56,531 59,135
    Current tax liability 320 62
    Deferred tax liability 660 533
    Other liabilities 4,798 4,620
    Subordinated debt securities 40,896 52,046
    Total liabilities 1,370,572 1,288,258
         
    Equity    
    Share capital 1,152 1,152
    Share premium 54,849 54,849
    Statutory reserve 109 109
    Other reserves 1,316 1,329
    Retained earnings 94,648 90,117
    Total equity 152,074 147,556
         
    Total liabilities and equity 1,522,646 1,435,814

    Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 5,600 merchants, Inbank has 941,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

    Additional information:
    Styv Solovjov
    AS Inbank
    Head of Investor Relations
    +372 5645 9738
    styv.solovjov@inbank.ee

    Attachments

    The MIL Network

  • MIL-OSI: The new version of the Articles of Association of Artea bankas AB was registered

    Source: GlobeNewswire (MIL-OSI)

    Artea bankas AB, legal entity’s code 112025254, registered office address Tilžės st. 149, Šiauliai, Lithuania (hereinafter – “the Bank“) informs that on 5 May 2025, a new version of the Articles of Association of the Bank was registered in the Register of Legal Entities. The new version of the Articles of Association was approved on 31 March 2025 during the Ordinary General Meeting of Shareholders (resolution of agenda item No. 8).

     

    Additional information:
    Darius Bačinskas 
    Head of Legal Department
    darius.bacinskas@artea.lt , +370 635 20988

    Attachment

    The MIL Network

  • MIL-OSI Europe: Press release – Press conference: European Parliament reports on Kosovo and on Serbia

    Source: European Parliament 3

    Standing rapporteur for Kosovo, Riho Terras, and standing rapporteur for Serbia, Tonino Picula, will hold a joint press conference at 15:40 on Wednesday.

    MEPs will vote on Parliament’s response to the Commission’s 2023 and 2024 reports on Kosovo and on Serbia on Wednesday. Following the announcement of the results of the vote on Wednesday, Riho Terras (EPP, ET) and Tonino Picula (S&D, HR) will answer questions from journalists during a press conference.

    When: 15:40 – 16:10, Wednesday, 7 April, 2025

    Where: Strasbourg, Daphne Caruana Galizia press conference room (WEISS N -1/201) and remotely via Interactio

    Interpretation will be available in Croatian, English, Estonian, French, German and Italian.

    Journalists online wishing to take part and ask questions, please connect via Interactio.

    You can also follow the press conference online via webstreaming.

    Background

    The enlargement reports are the European Parliament’s response to the Commission’s annual reports on the candidate and potential candidate countries in the EU accession process. Resolutions adopted in plenary represent the European Parliament’s official position regarding EU relations with these countries.

    Information for the media – Use Interactio to ask questions

    Interactio is only supported on iPad (with the Safari browser) and Mac/Windows (with the Google Chrome browser).

    When connecting, enter your name and the media you are representing in the first name / last name fields.

    For better sound quality, use headphones and a microphone. Interpretation is only possible for interventions with video.

    Journalists who have never used Interactio before are asked to connect 30 minutes before the start of the press event to perform a connection test. IT assistance can be provided if necessary.

    When connected, open the chat window (upper right corner) to be able to see the service.

    more details, check the connection guidelines and recommendations for remote speakers.

    MIL OSI Europe News

  • MIL-OSI: Oxylabs Releases 2024 Impact Report with Focus on Ethical Data Practices

    Source: GlobeNewswire (MIL-OSI)

    Vilnius, Lithuania / Oxylabs, a leading web intelligence collection platform, has published its 2024 Impact Report, highlighting key environmental, social and governance initiatives.

    Aligned with Global Reporting Initiative (GRI) standards, the 2024 Impact Report details Oxylabs’ continued focus on three key areas: climate action, education, and innovation.

    “2024 was a year of unprecedented breakthroughs in AI, reshaping the tech landscape. For Oxylabs, operating at the forefront of public web data collection, it only highlighted our belief in balancing innovation with responsibility. While advancing cutting-edge technology, we remained deeply committed to ethical data collection standards and supporting socially impactful initiatives.”- said Julius Černiauskas, CEO of Oxylabs.

    In 2024, Oxylabs reached a symbolic milestone of 100 patents globally and introduced the industry’s first AI-driven scraping assistant OxyCopilot. The company was also busy sharing their knowledge with the industry – from a web scraping conference OxyCon, to numerous webinars and lectures.

    “Being a technology company, we direct our efforts where they are most impactful. Therefore we put strong emphasis on promoting ethical standards around data gathering in our whole industry, and empower social initiatives with our infrastructure”, – said Urte Karkliene, sustainability manager at Oxylabs.

    The year was fruitful for Oxylabs pro-bono initiative, Project 4β, which provides public web data gathering infrastructure to those driving social impact. Oxylabs broadened partnerships with NGOs, investigative journalism organizations and academic institutions. Among the most prominent new partnerships were Bellingcat, Global Witness, The Ferret, and The Pulitzer Center.

    Oxylabs continued to invest in carbon removal projects, aiming to make a positive climate contribution. The company chose to support a REDD Project in Brazil Nut Concessions in Peru. It also supported and joined various environmental and social initiatives.

    The 2024 Impact Report is available for download at https://oxylabs.io/sustainability

    About Oxylabs

    Established in 2015, Oxylabs is a web intelligence platform and premium proxy provider, enabling companies of all sizes to utilise the power of big data. Constant innovation, an extensive patent portfolio, and a focus on ethics have allowed Oxylabs to become a global leader in the web intelligence collection industry and forge close ties with dozens of Fortune Global 500 companies. Oxylabs was named Europe’s fastest-growing web intelligence acquisition company in the Financial Times FT 1000 list for several consecutive years. For more information, please visit: https://oxylabs.io/

    Media Contacts

    Vytautas Kirjazovas
    Oxylabs.io
    Tel: +370 655 34419
    Email: press@oxylabs.io

    The MIL Network

  • MIL-OSI: Surfshark becomes the first company to launch privacy-oriented public DNS service

    Source: GlobeNewswire (MIL-OSI)

    Surfshark, a cybersecurity company, has taken a step further to benefit the privacy community by launching a public DNS (Domain Name System). Unlike the default DNS servers provided by ISPs (Internet Service Providers), which often track and record user activity, Surfshark’s new public DNS server ensures privacy by not logging browsing history, data transfers, or any other internet behavior. Surfshark DNS was created for privacy-conscious individuals and organizations, helping them to take the first step towards privacy and security by using this tool.

    “This initiative reflects our dedication to the privacy community and addresses the increasing demand for trustworthy, privacy-first DNS solutions. By offering a free, privacy-oriented DNS service, we are not only seeking Surfshark’s commitment to make the internet a safer place for everyone but also encouraging individuals, organisations, as well as NGOs to take their first steps towards enhancing online privacy. Our DNS service is designed with both stable connectivity and privacy in mind, offering a robust network that doesn’t store or track personal data, giving users a private, seamless browsing experience,” says Karolis Kaciulis, Leading System Engineer at Surfshark.

    Many people rely on the default DNS provided by their ISP or other big companies, often overlooking the potential to enhance their browsing experience. A public DNS service hosted by a trustworthy entity would have a positive impact on privacy online and may even improve overall network performance. However, it’s important to note that UDP and TCP DNS queries are still sent over the internet in plaintext, making them susceptible to interception. To counter this, Surfshark’s DNS server supports secure DNS protocols such as DoT, DoH, and DoQ to keep browsing activity private.

    What is a DNS server

    DNS server works as a translator of domain names like bbc.com or thenewyorktimes.com, into IP (Internet Protocol) addresses that computers can understand. K. Kaciulis explained that it acts as the phonebook of the internet, ensuring users can access websites using easy-to-remember names instead of numerical IP addresses.

    “When a person types a domain name like ‘google.com’ into their web browser, a DNS request is created and sent out to find the corresponding IP address for the requested site. Then the internet browser uses this IP address to connect to the origin and load the website. DNS servers, which are dedicated machines that handle and respond to DNS requests, make this seamless process possible,” says K. Kaciulis.

    How does a DNS work

    When a request is made to access any website on the browser, the DNS resolution process is initiated. During this step, the domain name entered into a browser is converted to the corresponding IP address required to locate the desired web resource. The initial DNS query is sent to a resolver, which first contacts a root server to get information about the correct top-level domain (TLD), such as .com or .org. This TLD data then helps direct the request to the server responsible for the specific domain.

    Finally, it reaches the authoritative name server, which holds the exact IP address for the website. This address is then sent back so the site can be loaded.

    Benefits of using Surfshark public DNS

    ISPs may collect and log users’ DNS queries for user identification. They can also monitor DNS traffic, both passively and actively, and are capable of blocking specific hostnames when necessary. Additionally, user data can be used for targeted advertising or sold to third parties. Surfshark DNS server is different, it operates under a strict no-logs policy, which means no collection, storage, or sharing of browsing activity. 

    Using a Surfshark DNS may lead to a positive improvement in overall network performance. Unlike default ISP DNS servers, which can become overloaded. Since the Surfshark public DNS infrastructure is spread out, it has a better understanding of geolocation, which can provide users with closer servers. As a result, it may reduce delays, connection drops, and improve overall browsing reliability.

    According to K. Kaciulis, privacy is essential for this type of service. Surfshark is committed to protecting user privacy and does not process any information related to users’ online behavior. As a result, the company passed an independent no-log audit in 2023 for its VPN service and is planning to have another one conducted on its public DNS server.

    ABOUT SURFSHARK

    Surfshark is a cybersecurity company offering products including an audited VPN, certified antivirus, data leak warning system, private search engine, and tool for generating an online identity. Recognized as a leading VPN by CNET and TechRadar, Surfshark has also been featured on the FT1000: Europe’s Fastest Growing Companies ranking. Headquartered in the Netherlands, Surfshark has offices in Lithuania and Poland. For information on Surfshark’s operations and highlights, read our Annual Wrap-up. For more research projects, visit our Research Hub.

    Attachment

    The MIL Network

  • MIL-OSI Global: Philly’s forgotten history as a hub of anarchism with a thriving radical Yiddish press

    Source: The Conversation – USA – By Geoffrey Baym, Professor of Media Studies and Production, Temple University

    The first edition of Bread and Freedom came out on Nov. 11, 1906. From the collection of the National Library of Israel, courtesy of Broyt un Frayheyt (Bread and Freedom)

    On a late summer day in 1906, a small group of newly arrived Jewish immigrants in Philadelphia took a streetcar across town to Fairmount Park. Several miles from the cramped row houses and oppressive sweatshops of the immigrant quarter of South Philly, the neighborhood now known as Queen Village, they enjoyed a sunny picnic.

    They weren’t there to make small talk, though.

    Instead, they wanted to write “revolutionary articles” that would spark the “struggle against all that degrades and oppresses humanity,” as one of the leaders of the group, Joseph Cohen, later wrote in his 1945 memoir.

    More specifically, the picnicgoers wanted to start a newspaper. It would be titled Broyt un Frayheyt – Yiddish for Bread and Freedom – the anarchist reminder that to live the good life, one needs both.

    I’m a professor of media and politics at Temple University in Philadelphia. For the past year I’ve been tracking the life and times of my great-grandfather Max, a radical Yiddish journalist in the early years of the 20th century.

    To my surprise, I found he had lived here in Philadelphia, and his story is part of a largely forgotten moment in U.S. history: when Philly was an epicenter of the national anarchist movement, heartily supported by the city’s burgeoning Jewish immigrant community.

    Beyond the Russian pale

    By 1906, thousands of people like Max had made their way to Philadelphia from the Russian “pale” – the only part of the Russian Empire where they could legally reside. They fled economic isolation and state-sanctioned persecution in search of a more stable life.

    South Philly was better than where they had come from, but immigrant life then, as now, was by no means easy. They had escaped a legal regime of oppression and the perpetual threat of antisemitic mob violence. But in turn they found a world of dark alleys and dead ends. Their labor was exploited, their living conditions meager.

    For some, the American promise of freedom and prosperity seemed to ring hollow.

    They did, however, find one freedom they had not experienced before. They were able to speak, write and publish their ideas no matter how outlandish or against the grain.

    And they could do so in Yiddish, the vernacular of daily life but a language of exile – one that in the old world had often been outlawed in print.

    The Yiddish press in the United States was experiencing extraordinary growth at the time. In New York, Philadelphia and other cities, newspapers quickly emerged – and often disappeared – month over month.

    Jewish anarchists in America

    Max moved to Philadelphia in 1906 to work with another immigrant named Joseph Cohen. Cohen had arrived in Philadelphia three years earlier. He earned a scant living making cigars, but his real work was advocating anarchism.

    At the dawn of the 20th century, anarchism was not the nihilistic chaos the term may bring to mind today. It was a heartfelt dream of a free and egalitarian society.

    The anarchists believed that man-made hierarchies – political, economic and religious – were illegitimate and limited the full expression of humanity. They rejected the authority of the state. That particularly appealed to many Jewish immigrants, for whom laws in the old country had long served as vehicles of oppression.

    Cohen had studied this philosophy of local autonomy and communal life with the Philadelphia activist Voltairine de Cleyre.

    History may remember Emma Goldman, a Lithuanian-born New Yorker and perhaps the leading voice of American anarchism from that era. But de Cleyre was the heart and soul of Philadelphia’s anarchist scene.

    Goldman once described de Cleyre as a “poet-rebel,” a “liberty-loving artist” and “the greatest woman anarchist of America.”

    Voltairine de Cleyre in Philadelphia circa 1901.
    Wikimedia Commons

    A tireless critic of the inequities of the industrial age, de Cleyre had taught herself Yiddish to better serve as “the apostle of anarchism” in the Jewish ghetto.

    While de Cleyre could often be found speaking in front of city hall, Max, Cohen and their colleagues were more likely to gather at the corner of Fifth and South streets, the hub of Philadelphia’s Yiddish press and its culture of rambunctious street debate.

    By 1906, Cohen had co-founded the anarchist Radical Library in the upstairs rooms at 229 Pine St. This provided the Philadelphia anarchists a meeting space and reading room.

    But “the Jewish newspaper men, the radicals and the tireless talkers,” as the Philadelphia historian Harry Boonin wrote, still congregated in the ramshackle cafes lining the 600 block of South Fifth, where they would argue over anarchism and atheism deep into the night.

    Competition with NYC comrades

    Cohen’s goal was to publish a nationally influential anarchist paper that would give voice to the “comrades from Philadelphia.”

    That meant direct competition with the New York Yiddish press and the influential weekly newspaper Freie Arbeiter Stimme, or The Free Voice of Labor. Edited by Saul Yanovksy on Manhattan’s Lower East Side, FAS was the center of the Jewish anarchist movement and of the Yiddish intelligentsia more broadly.

    “To be able to say ‘I have written for Yanovsky,’” wrote the sociologist Robert Park in 1922, “is a literary passport for a Yiddish writer.”

    Freie Arbeiter Stimme (The Free Voice of Labor) was the intellectual center of the Jewish anarchist movement at the turn of the 20th century.
    From the collection of the National Library of Israel, courtesy of Freie Arbeiter Stimme (The Free Voice of Labor)

    Although the FAS masthead said the paper was located in New York and Philadelphia, Yanovksy controlled the operation from New York, much to Cohen’s dismay.

    The Philadelphia anarchists were also routinely disappointed in Yanovsky’s politics. He was too moderate for their tastes. Yanovsky favored organizing labor and voting in elections, while the Bread and Freedom group, according to Cohen, wanted to cultivate “the militancy and fighting spirit which our young comrades brought with them from cold Russia.” They advocated for more aggressive measures to counter “the submissive indifference of the bourgeoisie and the slavish patience of the workers.”

    Cohen had partnered with Yanovsky earlier in 1906 to publish a daily anarchist newspaper. He maintained a small office in the back of Finkler’s cigar store at Fifth and Bainbridge streets. But the paper was printed in New York and delivered back to Philadelphia each morning by courier train.

    Cohen wrote in his memoir that he suspected Yanovsky intentionally sabotaged the effort by insisting that he personally write the daily editorial, but then turning in his copy too late for the paper to make the train. After two months the partnership, and the paper, fell apart.

    For Cohen, the lesson was that to be the genuine voice of the anarchist movement, he had to print the paper locally in Philadelphia.

    A digest of anarchist argument

    Editions of the Bread and Freedom anarchist weekly list the Radical Library at 229 Pine St. as its headquarters.
    From the collection of the National Library of Israel, courtesy of Bread and Freedom

    Bread and Freedom published its first issue on Nov. 11, 1906. The date was symbolic. It was the anniversary of the execution of the “Chicago martyrs” – the four men wrongly sentenced to death for the 1886 bombing at a labor rally at Chicago’s Haymarket Square. The Haymarket affair galvanized the anarchist movement among immigrants, even as it accelerated the wider fear of foreign-born radicalism.

    Over the next three months, the newspaper offered a weekly digest of anarchist arguments. It translated into Yiddish Voltairine de Cleyre’s critique of capitalism and what she called its “moral bankruptcy” – its hunger for wealth, power and material possessions. It attacked what de Cleyre called the “dominant idea” of the times – “the shameless, merciless” exploitation of the worker, “only to produce heaps and heaps of things – things ugly, things harmful, things useless, and at the best largely unnecessary.”

    In the strongest of terms – “bombastic,” in the words of one local historian – the paper echoed de Cleyre’s call for the “restless, active, rebel souls” of immigrant Philadelphia to rise up to oppose the “great and lamentable error” of industrial capitalism.

    Almost as soon as it began, however, Bread and Freedom ran out of money. Its rhetoric was exciting but ineffective. The paper offered no real solutions beyond an impossible demand to dismantle the capitalist state.

    Although two members of the group were briefly detained by the police in Baltimore for selling a radical newspaper, their fiery propaganda lit no revolutionary spark.

    Instead, it disappeared quietly, folding in January 1907.

    Shifting tactics

    Even then, a different kind of immigrant was arriving in the U.S. from Russia. Their radical politics were coupled with organizational acumen.

    Many of the older anarchists would join forces with these newcomers, and the effort morphed into something more pragmatic. They helped build the foundations of the 20th-century labor movement, which successfully fought for once-radical ideals such as the eight-hour workday and paid sick leave.

    Cohen moved to New York and took over as editor of FAS in 1923. That was a tense period for the Jewish left, following the Russian revolution of 1917 and the Communist rise to power. In response, the U.S. government suppressed domestic radicalism, arresting and at times deporting foreign-born leftists, and anarchism fell out of favor.

    A few years earlier, though, the streets of South Philly had been home to a vibrant space of free speech and boundless political imagination. It would not last long, but it is a moment I believe is worth remembering.

    Geoffrey Baym does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Philly’s forgotten history as a hub of anarchism with a thriving radical Yiddish press – https://theconversation.com/phillys-forgotten-history-as-a-hub-of-anarchism-with-a-thriving-radical-yiddish-press-252869

    MIL OSI – Global Reports

  • MIL-OSI Europe: World Press Freedom Day (3 May 2025)

    Source: Republic of France in English
    The Republic of France has issued the following statement:

    On World Press Freedom Day, France reaffirms its commitment to the freedom to inform and be informed, which is essential to all democratic societies, and condemns the violence committed against journalists and media professionals, information manipulation campaigns, and restrictions on freedom of the press in many countries across the globe.

    France reiterates its commitment to freedom of the press and expression and the protection of journalists and media professionals everywhere in the world. It pays tribute to those who are risking their life on a daily basis to convey free, plural and reliable information that is critical to democracy, as well as to those who have lost their lives doing their job. It is with this in mind that the second annual Anna Politkovskaya-Arman Soldin Prize was awarded in November 2024.

    This year marked the tenth anniversary of UNSC Resolution 2222 on the protection of journalists in armed conflicts, adopted in May 2015 at the instigation of France and Lithuania. This resolution recalls that journalists must be protected, including in the most dangerous contexts, and attacks on their safety are unacceptable. France condemns the increase in the number of journalists killed or wounded on the job. Journalists are protected by international humanitarian law as are all civilians. France will champion a resolution on the protection of journalists at the Human Rights Council meeting in Geneva from 16 June to 11 July 2025.

    France is pursuing its efforts to rally support from the international community for a global space of free, democratic and trustworthy information through the Information and Democracy Partnership, which brings together 55 States. France is contributing to media pluralism and economic sustainability of independent media via Canal France International (CFI) and its contribution to the International Fund for Public Interest Media (IFPIM). France supports the Journalism Trust Initiative, an international norm developed by Reporters Without Borders to promote reliable information sources and journalism that complies with an ethical framework.

    At a time when artificial intelligence is upending the media ecosystem, new risks are emerging including uncontrolled automation of information, manipulation of algorithms, amplification of unauthentic content, and large-scale manipulation of information. France is working to build inclusive and lasting international governance of artificial intelligence, having it serve the general interest and uphold human rights. It supported the adoption of the Framework Convention on Artificial Intelligence and Human Rights, Democracy and the Rule of Law in 2024 at the Council of Europe. This is also the reason for the Statement on Inclusive and Sustainable Artificial Intelligence for People and the Planet adopted on 11 February 2025 at the AI Action Summit. Amid the era of artificial intelligence and in light of Resolution 2222, France reaffirms that informing is not a crime, but a common good to be protected.

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Weaponisation of migration by Russia and implications for EU security and border policy – E-001633/2025

    Source: European Parliament

    Question for written answer  E-001633/2025
    to the Commission
    Rule 144
    Christine Anderson (ESN)

    Multiple credible sources confirm that foreign state actors, among them the Russian Federation and Belarus, have deliberately weaponised illegal migration as part of their hybrid warfare strategy, targeting EU Member States such as Finland, Poland, Lithuania and Latvia, as well as Norway. These operations reportedly involve the facilitation of third-country migrants through Russian territory using official visas, coercive tactics by Belarusian border authorities, and involvement by Russian intelligence and trafficking networks[1][2][3][4][5][6][7].

    Given the evidence of this threat, can the Commission respond to the following:

    • 1.Does the Commission recognise Russia’s (and Belarus’s) deliberate facilitation of irregular migration as a component of state-directed hybrid warfare? If so, what assessments or designations has it made in cooperation with relevant EU agencies (e.g. Frontex or the European External Action Service)?
    • 2.What specific legal instruments or coordinated EU measures are currently in place or under consideration to address the use of migration as a geopolitical weapon, including in terms of border control, visa policy and sanctions?
    • 3.How is the Commission supporting frontline Member States in returning migrants that have been taking part in hybrid attacks on EU external borders, and how many of them have been returned thus far?

    Submitted: 23.4.2025

    • [1] https://www.csis.org/analysis/russias-shadow-war-against-west.
    • [2] https://www.heritage.org/global-politics/commentary/russias-weaponization-migrants-hasnt-gone-away.
    • [3] https://etias.com/articles/eu-border-measures-target-migrant-weaponization-by-russia,-belarus.
    • [4] https://ukandeu.ac.uk/border-and-migration-politics-and-the-kremlins-hybrid-war/.
    • [5] https://www.hoover.org/research/weaponization-migration-powerful-instrument-russias-hybrid-toolbox.
    • [6] https://www.washingtontimes.com/news/2022/nov/16/russias-weaponization-of-migrants-hasnt-gone-away/.
    • [7] https://mwi.westpoint.edu/weaponized-migration-in-eastern-europes-frozen-north-do-not-overlook-russian-hybrid-warfare/.
    Last updated: 5 May 2025

    MIL OSI Europe News

  • MIL-OSI: Artea – new name of Šiaulių Bankas

    Source: GlobeNewswire (MIL-OSI)

    On May 5, 2025, Artea Bank will officially begin operations. This marks a historic and strategic transformation, as Šiaulių Bankas adopts a new name after more than 30 years of serving the Lithuanian market. The bank has also introduced new equity ticker on the Nasdaq Baltic Exchange: ROE1L.

    “We are turning a new page in our history, inspired by the trust shown to us by businesses, consumers and investors. Our ambition is to become the best bank in Lithuania and the first choice for the residents and corporations. The new name is a strategic decision that will strengthen our ability to achieve this goal.

    This decision has been maturing for some time, and we feel that now is the best time to proceed, as we have grown into a universal bank specializing in the Lithuanian market and we intend to continue develop our business in this direction,” says Vytautas Sinius, Chief Executive Officer of Artea Bank.

    From now on, the bank will unite all of the group companies – asset management, life insurance, consumer credit, and multi-apartment modernization funds – under one brand Artea. The new website address is www.artea.lt.

    The name Artea deliberately combines elements that convey the bank’s vision and commitment to being closer to its customers through a modern form and national identity.

    Artea emphasizes accessible, flexible and modern banking services for corporate and private customers.

    The rebranding is part of the bank’s updated strategy for 2024–2029. The bank announced the name change publicly in early March, 2025 prior to the general meeting of shareholders and on March 31 the general meeting of shareholders unanimously approved the decision to change the name to Artea Bank. On May 5, 2025 the bank’s articles of association with the new name were registered in the Register of Legal Entities of Lithuania, and Šiaulių Bankas officially became Artea Bank.

    Artea remains the largest independently owned bank in Lithuania. The bank’s main shareholders  – Lithuanian business leaders Invalda INVL, Tesonet Global, Willgrow, and the international European Bank for Reconstruction and Development (EBRD) – remain unchanged.

    If you would like to receive Artea Bankas news for investors directly to your inbox, subscribe to our newsletter.

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@artea.lt , +370 610 44447

    The MIL Network

  • MIL-OSI: Aktsiaselts Infortar interim report for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Aktsiaselts Infortar interim report for Q1 2025

    Infortar will arrange a webinar for investors today 5 May 2025.Please join the webinar via the following links:

    Estonia’s largest investment holding company, Infortar, increased its turnover by 20% in the first quarter of the year compared to the same period last year, reaching €447 million. The group’s total assets nearly doubled to €2.6 billion, while investments tripled to €22 million. In recent years, Infortar has nearly doubled the size of its real estate portfolio and is actively expanding across multiple sectors.

    Since August 1st of last year, the results of Tallink, a group company, have been consolidated into Infortar’s financial statements. Due to the highly seasonal nature of the maritime transport business, Tallink’s first-quarter loss of €33 million was reflected in Infortar’s own results. An additional impact came from a €1.7 million income tax expense, resulting in a total net loss of €14.6 million for Infortar in the first quarter, of which €4.5 million was attributable to Infortar’s shareholders. The energy business was affected by an exceptionally warm winter and lower consumption, but remained profitable overall. The real estate segment, meanwhile, showed significant year-on-year growth in volumes. 

    “The economy stands on three pillars – agriculture, industry, and services. In recent years, Infortar has expanded its presence across all three to achieve its goals and diversify risk. Moreover, we have grown into a market leader in each,” said Ain Hanschmidt, Chairman of the Management Board of Infortar.

    “The performance of Tallink had the biggest impact on Infortar’s first-quarter profitability. In addition to typical seasonality, passenger numbers in the first quarter reflected the state of the core markets’ economies and low consumer confidence. Still, it is important to note that the most challenging period of the year is now behind Tallink, and the outlook is more optimistic,” Hanschmidt added.

    “The energy business was affected by an exceptionally mild winter, lower consumption, and a gas surplus. Nevertheless, the segment remained profitable, primarily due to well-placed investments in gas distribution networks in Latvia and Poland. In real estate, we continued rapid growth – over the past year, we have expanded our portfolio by nearly 50%, becoming one of the largest property owners in the Baltics,” said Hanschmidt.

    “Despite a turbulent environment, Infortar continues to grow as one of the largest investment companies on the eastern coast of the Baltic Sea, actively seeking new investment opportunities. Our balance sheet strength is the key indicator of resilience – Infortar’s financial position and liquidity remain solid, free liquidity is €153 million enabling us to generate cash and invest. We can also confirm our continued commitment to the stated dividend policy. Diversification across sectors and countries has created a strong platform that provides confidence even in volatile times,” Hanschmidt concluded.

    Major Event

    Maritime transport

    Tallink´s first quarter of 2025 was impacted by low consumer and business confidence levels, the economic challenges in the Group’s core markets and global geopolitical tensions. As at the end of the quarter, the Group operated 14 vessels including 2 shuttle vessels, 6 passenger vessels, 2 vessels that were chartered out and 4 vessels that were in lay-up.

    During the quarter Tallink´s total investments amounted to EUR 13.3 million majority of which were made to upgrading the cruise ferries Baltic Princess and Silja Serenade. The planned maintenance works totalling 68 days in the first quarter of 2025 affected the passenger and cargo levels in Finland-Sweden routes.

    Energy

    In the first quarter, natural gas consumption in the Finnish-Baltic region totalled 15,0 TWh, decreasing by 19% compared with the previous year (16,5 TWh). Energy sales were negatively impacted by higher-than-average temperatures, which reduced the demand for natural gas.

    In the first quarter of 2025, Elenger Grupp sold a total of 4.6 TWh of energy (compared to 6,1 TWh in Q1 2024). Sales in Estonia accounted for 17% of the energy sales in Q1 2025. The company´s market share decreased in Q1 2025 to 20,0% in the Finland-Baltic gas market.

    Real estate

    At the end of last year, the Rimi logistics center in Saue municipality received its usage permit; this summer, the new bridge in Pärnu will be completed, and next year, DEPO will open its second store in Estonia, located in Lasnamäe.

    Key financial figures

    Key figures Q1 2025 Q1 2024 12 months 2024
    Sales revenue. m€ 447.357 372.584 1 371.775
    Gross profit. m€ 26.068 50.004 128.628
    EBITDA. m€ 27.661 74.004 145.275
    EBITDA margin (%) 6.2% 19.9% 10.6%
    Net profit. EBIT. m€ -0.655 67.624 77.024
    Total profit(-loss). m€ -14.561 62.062 193.670
    Net profit (-loss) holders of the Parent m€ -4.479 62.167 191.253
    EPS (euros)* -0.2 3.1 9.6
    Total equity m€ 1 181.002 820.210 1 166.222
    Total liabilities m€ 1 105.305 852.690 1 223.287
    Net debt m€ 952.397 195.799 1 055.708
    Investment loans to EBITDA (ratio)** 3.3x 1.5x 3.0x

    Notes:*For the earnings per share (EPS) calculation, the number of shares as of 31.03.35 has been used for comparability. Formula: profit/loss attributable to Infortar shareholders divided by the number of shares, excluding own shares issued under the stock option program. Example calculation based on the end of Q1 2024: (191 x 1,000,000) / (20,443,629 – 722,610).**Investment loans / EBITDA, annualized. For comparability,actualEBITDA of Tallink Grupp for the relevant period has been used, based on Tallink Grupp quarterly report.

    Revenue

    In the first quarter of the 2025 financial year, the Group’s consolidated revenue increased by EUR 74.7 million to EUR 447.4 million (Q1 2024 consolidated revenue: EUR 372.6 million). A significant impact came from the consolidation of Tallink Grupp’s results into Infortar’s consolidated financial statements as of 1 August 2024.

    EBITDA and Segment Reporting
    In the first quarter of the 2025 financial year, the EBITDA of the maritime transport segment amounted to EUR -3.8 million (Q1 2024: EUR 34.5 million).
    The energy segment’s EBITDA was EUR 31.8 million (Q1 2024: EUR 73.9 million).
    In the real estate segment, profitability is assessed based on the EBITDA of individual real estate entities.

    Based on separate real-estate companies results, the real estate segment’s EBITDA was EUR 3.4 million in Q1 2025 (Q1 2024: EUR 3.8 million).

    Net Profit (Loss)
    The consolidated net loss for the first quarter of the 2025 financial year was EUR -14.6 million, including a loss attributable to Infortar’s owners of EUR -4.5million (Q1 2024 net profit: EUR 62.1 million, including EUR 62.2 million attributable to Infortar’s owners).

    Investments
    In the spring of 2024, Infortar entered the agricultural sector by acquiring one of Estonia’s largest dairy farms in Halinga and began construction of a biomethane plant next to the farm to produce local green gas. Today, on 5 May, Infortar announced an additional investment plan in Estonia Farmid OÜ.
    In the first quarter of 2025, the total amount of investments made by the Infortar Group was approximately EUR 22 million.

    Financing
    As of the first quarter of the 2025 financial year, the Group’s total loan and lease liabilities amounted to EUR 1 105.3million (compared to EUR 1 223.3 million at the end of the 2024 financial year). Infortar’s net debt stood at EUR 952.397 million. The net debt to EBITDA ratio was 3.4.

    Dividends

    According to the dividend policy, the objective is to pay dividends of at least 1 euro per share per financial year. Dividend payments are made semi-annually. Infortar Group’s management proposes to pay a dividend of 3 euros per share for the 2024 financial year results. According to the proposal, the first payout is planned to be made no later than July, and the second payout in December 2025. 

    Consolidated Statement of Profit or Loss

    (in thousands of EUR) Q1 2025 Q1 2024 12 months 2024
    Revenue 447 357 372 584 1 371 775
    Cost of goods (goods and services) sold -421 173 -322 573 -1 243 034
    Write-down of receivables -116 -7 -113
    Gross profit 26 068 50 004 128 628
    Marketing expenses -10 976 -415 -21 086
    General administrative expenses -20 965 -7 238 -50 438
    Profit (loss) from derivatives 0   26 672
    Profit (loss) from biological assets -33 0 -139
    Profit (loss) from the change in the fair value of the investment property 0 156 -949
    Profit (loss) from the change in the fair value of the investment property 3 939 24 659 -8 691
    Other operating revenue 1 956 600 4 682
    Other operating expenses -644 -142 -1 655
    Operating profit -655 67 624 77 024
           
    (in thousands of EUR) Q1 2025 Q1 2024 12 months 2024
    Profit (loss) from investments accounted for by equity method 955 2 000 22 974
    Financial income and expenses:      
    Other financial investments -333 0 13 342
    Interest expense -12 896 -6 745 -38 274
    Interest income 842 1 244 4 979
    Profit (loss) from changes in exchange rates -315 -2 100
    Other financial income and expenses -451 4 93 659
    Total financial income and expenses -13 153 -5 499 73 806
    Profit before tax -12 853 64 125 173 804
    Corporate income tax -1 708 -2 063 19 866
    Profit for the financial year -14 561 62 062 193 670
    including:      
    Profit attributable to the owners of the parent company -4 479 62 167 191 253
    Profit attributable to non-controlling interest -10 082 -105 2 417
           
    Other comprehensive income Q1 2025 Q1 2024 12 months 2024
    tems that will not be reclassified to profit or loss      
    Revaluation of post-employment benefit obligations     -141
    Items that may be subsequently reclassified to the income statement:  
    Revaluation of risk hedging instruments     -45 792
    Exchange rate differences attributable to foreign subsidiaries     53
    Total of other comprehensive income     -45 880
    Total income, including:     147 790
    including:      
    Comprehensive profit attributable to the owners of the parent company     145 514
    Comprehensive profit attributable to non-controlling interest     2 417
    Ordinary earnings per share (in euros per share) -0,22 14,62 9
    Diluted earnings per share (in euros per share) -0,21 14,15 14,15

    Consolidated Statement of Financial Position

    (in thousands of EUR) 31.03.25 31.12.24
    Current assets    
    Cash and cash equivalents 152 908 167 579
    Short term financial investments 0 0
    Derivative financial assets 16 968 8 333
    Settled derivative receivables 2 448 676
    Other prepayments and receivables 153 040 155 351
    Prepayments for taxes 3 650 3 831
    Trade and other receivables 51 379 38 517
    Prepayments for inventories 1 953 2 498
    Inventories 124 636 215 914
    Biological assets 941 941
    Total current assets 507 923 593 640
         
    Non-current assets 31.03.25 31.12.24
    Investments to associates 17 559 16 603
    Long-term derivative instruments 340 3 214
    Other long term obligations 34 685 35 163
    Property, plant and equipment at fair value 1 309 599 1 315 167
    Investment property 68 175 67 931
    Property, plant and equipment 598 280 594 291
    Intangible assets 38 008 38 874
    Right-of-use assets 46 043 47 598
    Biological assets 2 720 2 753
    Total non-current assets 2 115 409 2 121 594
    TOTAL ASSETS 2 623 332 2 715 234
         
    (in thousands of EUR) 31.03.25 31.12.24
    Current liabilities    
    Loan liabilities 396 801 497 162
    Rental liabilities 8 755 9 020
    Payables to suppliers 104 664 87 941
    Tax obligations 48 861 49 354
    Buyers’ advances 40 946 31 126
    Settled derivatives 9 706 8 728
    Other current liabilities 68 409 63 431
    Short term derivatives 8 285 27 704
    Total current liabilities 686 427 774 466
         
    Non-current liabilities 31.03.25 31.12.24
    Long-term provisions 8 455 9 946
    Deferred taxes 3 039 2 816
    Other long-term liabilities 43 412 43 209
    Long-term derivatives 1 248 1 471
    Loan-liabilities 661 602 676 670
    Rental liabilities 38 147 40 435
    Total non-current liabilities 755 903 774 547
    TOTAL LIABILITIES 1 442 330 1 549 013
         
    (in thousands of EUR) 31.03.25 31.12.24
    Equity    
    Share capital 2 117 2 117
    Own shares -72 -72
    Share premium 32 484 32 484
    Reserve capital 212 212
    Option reserve 7 431 6 223
    Hedging reserve* 3 510 -21 674
    Unrealised currency translation differences 2 854 45
    Employment benefit reserve -44 -185
    Retained earnings 885 688 890 167
    Net profit of the financial year    
    Total equity attributable to equity holders of the Parent 934 180 909 317
    Minority interests 246 822 256 904
    Total equity 1 181 002 1 166 221
         
    TOTAL LIABILITIES AND EQUITY 2 623 332 2 715 234

    Consolidated Statement of Cash Flows

    Cash flows from operating activities    
    (in thousands of EUR) 3 months
    2024
    12 months
    2024
    Profit for the financial year -14 561 193 670
    Adjustments:    
    Depreciation, amortisation, and impairment of non-current assets 28 316 68 251
    Change in the fair value of the investment property 0 0
    Equity profits/losses -956 -22 974
    Change in the value of derivatives -79 -1 483
    Other financial income/expenses 2 300 -112 030
    Calculated interest expenses 12 896 38 274
    Profit/loss from non-current assets sold -116 -955
    Income from grants recognised as revenue -385 -643
    Corporate income tax expense 1 708 -19 866
    Income tax paid -1 485 -10 551
    Change in receivables and prepayments related to operating activities -12 184 52 023
    Change in inventories 91 823 -12 831
    Change in payables and prepayments relating to operating activities 29 780 -81 275
    Change in biological assets 33 -322
    Total cash flows from operating activities 137 090 89 288
         
    Cash flows from investing activities 3 months
    2024
    12 months
    2024
    Purchases of subsidiaries -333 -111 684
    Proceeds from the sale of other financial investments 0 0
    Received dividends 0 20 862
    Given loans 607 1 918
    Interest gain 755 4 953
    Purchases Investment property -244 -10 352
    Purchases of property, plant and equipment -23 305 -27 835
    Proceeds from sale of property 139 1 561
    Total cash flows used in investing activities -22 381 -120 577
         
    Cash flows used in financing activities 3 months
    2024
    12 months
    2024
    Gain from goverment grants 394 225
    Changes in overdraft -43 343 12 863
    Proceeds from borrowings 94 276 358 731
    Repayments of borrowings -166 362 -151 790
    Repayment of finance lease liabilities -3 591 -11 300
    Interest paid -10 754 -39 153
    Dividends paid 0 -60 997
    Gain from share emission 0 3 174
    Total cash flows used in financing activities -129 380 111 753
      0 0
    TOTAL NET CASH FLOW -14 671 80 464
    Cash at the beginning of the year 167 579 87 115
    Cash at the end of the period 152 908 167 579
    Net (decrease)/increase in cash -14 671 80 464

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,296 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    Attachments

    The MIL Network

  • MIL-OSI: A subsidiary of Aktsiaselts Infortar signed a shareholders’ agreement for acquiring a shareholding in OÜ Estonia Farmid

    Source: GlobeNewswire (MIL-OSI)

    On 2. May 2025 OÜ EG Biofond (registry code: 11504910) signed an investment agreement and a shareholder ‘agreement for acquiring a 96,6%% shareholding in OÜ Estonia Farmid (registry code: 10627556). A 3.4% shareholding is held by Estonia Farmid OÜ’s subsidiary, Osaühing Estonia (registry code: 10038386).
    According to the agreements, getting an approval from the Competition Authority and additional operations are preconditions for completion of the transaction. Following the transaction, the shareholders of Estonia Farmid OÜ are OÜ EG Biofond with a 96.6% shareholding and Osaühing Estonia with a 3.4% shareholding.
    Estonia Farmid OÜ holds shareholdings in three agricultural companies: Estonia OÜ, Kabala Agro OÜ, and Sõrandu Farm OÜ, collectively employing nearly 150 people. The agricultural group manages a total of 9,400 hectares of arable land in Türi and Järva municipalities, of which over 6,000 hectares are owned by the company. The group’s dairy farms are located in Central Estonia – Oisu, Taikse, and Kabala – with a total of 2,640 dairy cows. The average milk production per cow at the Estonia dairy farm is among the highest in Estonia, reaching 13,300 kilograms annually. In addition to milk production, the company grows 27,000 tons of grains and rapeseed per year. Estonia Farmid OÜ also owns a 40% stake in the Oisu biomethane plant, which helps reduce the carbon footprint associated with milk production.
    “Estonia’s greatest natural resources are food, timber, and minerals – these are the pillars of both our current and future economy. Estonia has fertile farmland, and our milk production is among the best in the region. The dairy industry is definitely one of the sectors where we can compete internationally,” said Ain Hanschmidt, Chairman of the Management Board of Infortar.
    “The economy is set on three pillars – agriculture, industry, and services. In recent years, Infortar has expanded its presence across all three sectors to achieve its ambitions and manage risk. More than that, we have grown to become a market leader in each,” Hanschmidt added.
    “Estonia Farmid, one of Estonia’s strongest agricultural companies, is doing well, but further development requires investments and risk-taking on a scale that the current owners no longer consider reasonable. We’re now at a point where the next steps for Estonia Farmid OÜ should be taken by a new, ambitious owner,” said Jaanus Marrandi, Management Board Member of Estonia Farmid OÜ.
    “Estonia Farmid is being acquired by one of Estonia’s most prominent and financially strong groups – known for its solid reputation and international reach. As a listed company, Infortar provides us with the confidence that the work done so far, as well as future development and stability, will be ensured,” Marrandi emphasized.
    The transaction is not treated as a transaction beyond everyday economic activities or a transaction of a significant importance, nor as a transaction with related persons, within the meaning of the “Requirements for Issuers” part of the NASDAQ Tallinn Stock Exchange rules. The transaction does not have a significant impact on Aktsiaselts Infortar’s activities. The members of the Supervisory Board and the Management Board of Aktsiaselts Infortar are not personally interested in the transaction in any other way.

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,228 people.

    Additional information:
    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee 
    www.infortar.ee/en/investor

    The MIL Network

  • MIL-Evening Report: A rubbish election: voting in Australia produces mountains of waste – but there’s a better way

    Source: The Conversation (Au and NZ) – By Lisa M. Given, Professor of Information Sciences & Director, Social Change Enabling Impact Platform, RMIT University

    More than 18 million Australians voted on Saturday, after walking past countless corflutes, reading campaign flyers and reviewing how-to-vote cards.

    The 2025 federal election was Australia’s biggest yet, with 710,000 more people on the electoral roll than in 2022. The Australian Election Commission amassed 250,000 pencils, 240,000 vests, 80,000 ballot boxes and 5,000 rolls of tamper-proof tape to stock some 7,000 polling places.

    So, what happens to these materials after polling day? Some are warehoused, ready for reuse next time around. Others are repurposed. But every election also generates a mountain of waste for landfill.

    It doesn’t have to be this way. Australia needs to mandate a cradle-to-grave approach to creating, using, recycling and disposing of election materials. Meanwhile, electronic machines and online voting can reduce the need for paper ballots, just as social media campaigns can reduce paper mail drops.

    Magill School in the Sturt electorate, like most polling centres, was wrapped in lightweight plastic posters.
    Clare Peddie

    Where do election materials go after the polls close?

    In response to inquiries from The Conversation, the Australian Election Commission said most AEC materials, such as tamper-proof tape, vests and pencils, are stored between elections at counting centres. Other materials, such as cardboard voting booths, are recycled or donated to schools or charities.

    Most councils require corflutes to be collected within seven days of an election. But no rules govern reuse or disposal. Corflutes are made from polypropylene, a lightweight plastic that is technically recyclable. But it’s not a straightforward process, so most recycling facilities reportedly cannot accept this waste.

    Some candidates donate corflutes to schools, childcare centres and charities, because the white reverse side can be used to mount artworks.

    Second-hand corflutes have also been used as shelters for homeless people, heat shields for bee hives, or to repair damaged skylights. But no doubt many end up in landfill.

    Are there alternatives?

    Many countries are “greening” their elections. In 2019, India’s election commission directed parties to eliminate single-use plastic including corflutes. In 2024, the United Kingdom’s Westminster Foundation for Democracy outlined strategies for reducing election “pollution”, addressing supply chains and packaging.

    Australia relies heavily on disposable election materials. While many of these can be recycled, it’s better to avoid single-use materials.

    Parties could also display how-to-vote instructions on posters at election sites, rather than handing out individual flyers that are recycled or thrown away.

    In 2022, the AEC introduced plain brown cardboard screens and ballot boxes, saying they are easier to recycle and reuse than previous versions “wrapped” in purple-and-white branded paper. However, Australian Electoral Commissioner Tom Rogers says elections will probably always be “highly manual and resource-intensive exercises”. We disagree.

    Could Australia use electronic or online voting to reduce waste?

    Other countries are introducing online voting to reduce waste. One study in Estonia found the carbon footprint of paper-based voting was 180 times greater than internet-based voting. More than 50% of the population voted online in 2023.

    India introduced electronic voting machines in 1982 and mandated them, nationwide, in 2004. In 1999 alone this saved 7,700 tonnes of waste.

    The United States introduced mechanical voting machines in the 1890s, punch cards and scanned ballots in the 1960s, and “direct-recording” electronic voting machines in the 1970s. Today, touch screens are used in many voting booths, with paper records for auditing. Now just 7% of districts rely on paper ballots and hand-counted ballots are rarely used.

    Yet electronic voting machines are not without controversy. Security concerns after the 2016 US election resulted in 94% of districts shifting to optical scanning, and use of “direct-recording” electronic voting machines almost halved.

    Ireland invested €50 million (A$88 million) into electronic voting machines in 2002, but they were never used due to concerns about potential tampering.

    Australia should explore secure options for electronic voting machines and online voting. In its response to The Conversation, the AEC said this would be a matter for parliament to consider, because the law currently demands that elections are in-person events.

    Can social media campaigning help?

    Social media enables candidates and voters to engage in new ways. For instance, Labor senators Katy Gallagher and Penny Wong took part in a Facebook “pop quiz” on April 29, which had 55,000 views. But social media can amplify misinformation, so consumers need to fact-check what they see and hear online.

    Combined, the parties and affiliated groups spent more than A$39 million on advertisements on YouTube, Facebook and Google during the 2025 campaign. The AEC had to update its authorisation guidelines to cover podcasters and other content creators.

    This mirrors global shifts towards social media campaigning. During Canada’s 2025 campaign, Liberal leader Mark Carney (who went on to be elected prime minister) created a video with celebrity Mike Myers, reaching 10 million views.

    While such creative approaches may engage voters, they still carry a carbon footprint. Carney and Myers’ video likely produced about six tonnes of CO₂ emissions due to the energy and electricity used in production, streaming and viewing.

    Mike Myers and Mark Carney used social media creatively in Canada’s 2025 election campaign.

    Text messages also connect candidates with voters. Clive Palmer’s Trumpet of Patriots party sent 17 million texts the election campaign. This equates to 240kg of CO₂ emissions from energy-hungry data centres and personal devices.

    This is less than the emissions the average Australian produces in a week. However, the unsolicited texts riled many voters, many concerned about privacy and who wanted to opt out.

    What’s the solution?

    Australia should mandate a reduction in the disposal of election materials.

    Some print materials may always be needed, because not all voters can access digital content or vote online. But the current situation is unsustainable.

    Global experiences show innovation is possible. Australia can reduce its reliance on new, physical materials, while maintaining public trust.

    Australia’s newly elected officials have an opportunity to green future elections, adopting a more sophisticated approach to voting in a digital age. There’s no excuse for producing mountains of plastic and paper waste every three or four years. Our nation deserves better.

    Lisa M. Given receives funding from the Australian Research Council. She is a Fellow of the Academy of the Social Sciences in Australia and the Association for Information Science and Technology.

    Gary Rosengarten receives funding from the Australian Research Council, Australian Renewable Energy Agency and the Renewable Affordable Clean Energy for 2030 CRC, and is a non-executive board member of the Australian Alliance for Energy Productivity.

    Matt Duckham does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. A rubbish election: voting in Australia produces mountains of waste – but there’s a better way – https://theconversation.com/a-rubbish-election-voting-in-australia-produces-mountains-of-waste-but-theres-a-better-way-255780

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Latvia marks 35th anniversary of restoration of independence

    Source: People’s Republic of China – State Council News

    Latvia held a series of events across the country on Sunday to celebrate the 35th anniversary of the restoration of its independence.

    Latvian President Edgars Rinkevics, along with other government officials and representatives of the public, laid flowers at the Freedom Monument in the capital Riga.

    Speaking at a celebratory session in the parliament, Rinkevics said “The world security and economic order are currently in a free fall. And we do not know where and how this world will land. Yet in this anxious era, amid all the noise, we must each remain clear-headed, listen to our inner voice, and respond with decisive action.”

    The Supreme Council of Latvia, then a republic of former Soviet Union, adopted the declaration “On the Restoration of Independence of the Republic of Latvia”. In 2000, the Latvian parliament formally designated May 4 as Day of Restoration of Independence through a resolution.

    The Day of Restoration of Independence remains one of Latvia’s most significant national observances. This year’s celebrations featured parades, concerts, exhibitions, and sporting events. Citizens also shared images and videos of the celebrations on social media.

    MIL OSI China News

  • MIL-OSI China: Two-way tourism between China, Europe gathers pace over May holiday

    Source: People’s Republic of China – State Council News

    Tourists from Hungary show souvenirs bought at Tiantan (Temple of Heaven) Park in Beijing, capital of China, Dec. 5, 2024. [Photo/Xinhua]

    From European visitors walking through China’s historic neighborhoods to Chinese tourists sampling regional cuisine in southern Europe, two-way travel between China and Europe is steadily gaining momentum and evolving in form.

    As the May holiday season unfolds, tourism flows are picking up on both sides, supported by streamlined visa policies and enhanced travel connectivity, and shaped by growing interest in flexible, culturally rich experiences.

    Growing interest in China travel

    “We now have 12 tour groups travelling in China,” said Ewa Gajewska, a project manager with CT Poland, a Polish travel agency specializing in China tours for 25 years. To accommodate heightened demand during Poland’s peak travel period in May, the agency added extra departures beyond its original plans.

    “Almost every group this year has been full, with 26 tourists plus a tour leader,” she told Xinhua, adding that some returning clients are now opting to explore lesser-known but captivating destinations such as Yunnan and Guizhou.

    While Gajewska’s insights reflect the Polish market, similar trends have been observed elsewhere.

    Clients returning from other Asian destinations consistently found China’s tour offerings “more engaging and diverse,” said Alesya Plyavina, manager at Latvian Antario Travel Agency. “Potential tourists are already booking trips to China even for the end of the year.”

    According to Chinese travel platform Trip.com, inbound travel bookings from around the world rose by 173 percent year-on-year as of April 25.

    One major driver behind the renewed interest is China’s recent visa facilitation policies. Since late 2024, China has extended visa-free stays from 15 to 30 days for ordinary passport holders from 38 countries, including 32 European nations. Additionally, travelers from 54 countries, more than half of which are European, are now eligible for visa-free transit in China for up to 240 hours.

    “The extension of the visa-free entry to 30 days helps a lot in generating more demand and bookings,” said Vera Nebel, Asia product manager at German travel agency Ikarus Tours. “We experienced an increase in bookings for those tours of more than 15 days, because it’s a long journey from Germany to China, and it’s a big country.”

    In addition to the visa-free policy, convenient services and infrastructure such as digital payments, shared bikes and high-speed trains have also enhanced the experience for first-time visitors, said veteran Dutch tour guide Tom Lops, who has visited China over 30 times.

    “Think basically, and let yourself be surprised by all the new impressions you will have in this country,” he said.

    Exploring Europe in Chinese way

    As Europeans discover China as a diverse travel destination, Chinese tourists are exploring the continent with increasing depth and sophistication.

    Airbnb China’s latest May holiday report showed Chinese user searches for international destinations had more than doubled from last year, with many European countries ranking among the top 30 choices. Hiking, road trips and island tours are now preferred choices.

    Szymon Sikora, an English-language guide at Poland’s Wieliczka Salt Mine, a UNESCO World Heritage Site, frequently leads Chinese tourists on immersive “miner tours” — a hands-on experience where guests dress as miners and explore underground tunnels.

    “Sometimes I feel maybe I should learn Mandarin,” he told Xinhua, adding that more Chinese tourists are opting for immersive and adventurous experiences over traditional sightseeing.

    In Slovenia, Liao Shasha, general manager of Visdom Travel Agency, noted growing interest from Chinese tourists due to relaxed visa policies and better flight connectivity. Rather than large group tours, Chinese visitors now prefer smaller, flexible groups seeking personalized and upscale experiences, Liao said.

    These evolving preferences mirror not only new global tourism patterns but also broader developments in China. Decades of stable development and high-quality modernization have enlarged the middle-income group in China and led to rising demand for more sophisticated, customized travel experiences.

    “More Chinese tourists are willing to pay for a better life — fine hotels, great food, world-class performances,” said Dai Bin, president of the China Tourism Academy. “These ‘small but fine’ and deeply emotional travel experiences are bringing depth and warmth to global tourism.”

    Tourism brings cooperation opportunities

    As China-Europe travel gathers pace, European observers believe its influence goes beyond tourism — helping foster mutual understanding and encouraging broader cooperation.

    In Bosnia and Herzegovina, the visa-free agreement with China, in place since 2017, has significantly boosted tourism and people-to-people interactions. As the two countries mark the 30th anniversary of diplomatic relations this year, local tourism officials anticipate greater collaboration ahead.

    Haris Fazlagic, president of the Sarajevo Canton Tourist Board, said the visa policy is crucial to expanding tourism. “It gives us the motivation to improve services, expand offerings and reach more Chinese visitors.”

    Looking ahead, Sarajevo aims to launch direct flights, enhance infrastructure and develop experiences tailored to Chinese travelers, Fazlagic added.

    In neighboring Croatia, the number of Chinese tourists in 2024 approached the pre-pandemic record of around 300,000. Meanwhile, “China, with its cultural and historical sights, can be a truly top-notch lure for Croatians,” said Davorko Vidovic, former deputy speaker of the Croatian Parliament.

    He welcomed China’s visa-free policy, seeing it as an essential step toward stronger economic, cultural and political ties.

    “I hope that when the one-year trial ends, the visa-free policy will be extended as it can open up enormous opportunities for cooperation between the two sides,” Vidovic told Xinhua. 

    MIL OSI China News

  • MIL-OSI United Kingdom: Prime Minister’s open letter to veterans ahead of VE Day

    Source: United Kingdom – Executive Government & Departments

    Press release

    Prime Minister’s open letter to veterans ahead of VE Day

    An open letter from Prime Minister Keir Starmer to veterans ahead of VE Day celebrations.

    In an open letter to veterans, Prime Minister Keir Starmer said:

    To our veterans,

    As we approach the VE Day anniversary, I want to salute your ongoing dedication to keeping our country safe. 

    This week, we celebrate the greatest victory our armed forces ever secured. And like so many families across the country, my relatives served and fought in the Second World War. Therefore, it is the highest honour of my role to meet veterans of that conflict. I think of people like Stanley Fisher and Mervyn Kersch, two Jewish veterans of the Normandy landings, who went on to become eyewitnesses to the horrors of the Bergen Belsen concentration camp in the early days of its liberation by British forces. Their stories – and countless others we will hear this week – are a reminder that our victory was not just for Britain. It was also a victory for good against the assembled forces of hatred, tyranny and evil. VE Day is a chance to acknowledge, again, that our debt to those who achieved it can never fully be repaid. 

    Yet as the nation falls silent on Thursday, I know that my mind will also turn to those who carry the torch of their legacy in our armed forces today – people like you. As time marches on, we all have a responsibility to renew the bonds of our history so that future generations inherit our national story as their own. But alongside our history and our values, service is the other great force that binds a nation together. So this week, I want you to know: the whole nation is inspired by the selfless dedication of your example. It is not just that you keep us all safe. It is also that you represent the best of who we are. A living link of service that unites the values we must stand for in the present, with the stories we must pass down from our past. 

    Furthermore, I know that this is not without sacrifice. I will always remember the conversation I had with a sub-mariner in Faslane, who brought home exactly what over 200 days a year underwater means for the simple things most families take for granted. Missing birthdays, weddings, anniversaries. Not being there in the photographs. From the Carrier Strike Group at sea, to our postings in Estonia, Cyprus and here in the UK, every service man and woman I have met has had a version of this story. And I recognise that this too is a debt that can never fully be repaid. But this week, the country will show you just how thankful we all are. Because we know, that without your service, the freedom, peace and joy that these celebrations embody, would not be possible. 

    So, wherever you are, wherever you serve, have a wonderful VE Day. And on behalf of a proud and grateful nation: thank you for your service.

    Updates to this page

    Published 4 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Europe: REPORT on the request for waiver of the immunity of Petras Gražulis – A10-0078/2025

    Source: European Parliament

    PROPOSAL FOR A EUROPEAN PARLIAMENT DECISION

    on the request for waiver of the immunity of Petras Gražulis

    (2024/2089(IMM))

    The European Parliament,

     having regard to the request of the Prosecutor General of the Republic of Lithuania of 16 September 2024 to waive the immunity of Petras Gražulis in connection with criminal proceedings involving him, and communicated in plenary on 24 October 2024,

     having heard Petras Gražulis on 18 March 2025 in accordance with Rule 9(6) of its Rules of Procedure,

     having regard to Articles 8 and 9 of Protocol No 7 on the Privileges and Immunities of the European Union, and Article 6(2) of the Act of 20 September 1976 concerning the election of the Members of the European Parliament by direct universal suffrage,

     having regard to the judgments of the Court of Justice of the European Union of 21 October 2008, 19 March 2010, 6 September 2011, 17 January 2013, 19 December 2019 and 5 July 2023[1],

     having regard to Article 62 of the Constitution of the Republic of Lithuania,

     having regard to Rule 5(2), Rule 6(1) and Rule 9 of its Rules of Procedure,

     having regard to the report of the Committee on Legal Affairs (A10-0078/2025),

    A. whereas, by letter of 16 September 2024, the Prosecutor General of the Republic of Lithuania sent a request for the waiver of the immunity of Petras Gražulis, in connection with an alleged offence under Article 170(2) of the Criminal Code of the Republic of Lithuania, namely publicly ridiculing a group of people and expressing contempt for them on grounds of their sexual orientation;

    B. whereas the application states that Petras Gražulis is accused of publicly making remarks ridiculing, denigrating and humiliating a group of people, and expressing contempt for them on account of their sexual orientation, while in the corridors of the Seimas (parliament) of the Republic of Lithuania (hereinafter ‘the Seimas’) on 26 May 2022, during a discussion with a cameraman at the end of the Seimas session on the registration of civil unions, which was filmed and broadcast by the media; whereas the offence of which Petras Gražulis – at that time a member of the Seimas – is accused dates back to 2022, the preliminary investigation took place in 2022 and 2023, and the case was referred to the Vilnius Regional Court in January 2024; whereas, at that time, Petras Gražulis enjoyed immunity as a member of the Seimas, but on 16 November 2023 the Seimas gave its consent to criminal proceedings being brought against him;

    C. whereas Petras Gražulis was elected to the European Parliament in the European elections in June 2024 and was not a Member of the European Parliament at the time of the alleged offence;

    D. whereas the alleged offence and the subsequent request for waiver of his immunity are not related to an opinion expressed or a vote cast by Petras Gražulis in the performance of his duties within the meaning of Article 8 of Protocol No 7 on the Privileges and Immunities of the European Union;

    E. whereas Article 9 subparagraph 1(a) of Protocol No 7 on the Privileges and Immunities of the European Union states that Members of the European Parliament enjoy, in the territory of their own state, the immunities accorded to members of the parliament of that state;

    F. whereas, under Article 62 of the Constitution of the Republic of Lithuania, ‘[t]he person of a Member of the Seimas shall be inviolable. A Member of the Seimas may not be held criminally liable, arrested, nor may his freedom be otherwise restricted without the consent of the Seimas. A Member of the Seimas may not be persecuted for his voting or his speeches at the Seimas. However, he may be held liable according to the general procedure for personal insult or slander’;

    G. whereas the purpose of parliamentary immunity is to protect Parliament and its Members from legal proceedings in relation to activities carried out in the performance of parliamentary duties and which cannot be separated from those duties;

    H. whereas, in accordance with Rule 5(2) of the Rules of Procedure, parliamentary immunity is not a personal privilege of the Member but a guarantee of the independence of Parliament as a whole and of its Members;

    I. whereas, in this case, Parliament has found no evidence of fumus persecutionis, namely factual elements indicating that the intention underlying the legal proceeding may be to damage the Member’s political activity in her capacity as a Member of the European Parliament;

    J. whereas Parliament cannot assume the role of a court, and whereas, in a waiver of immunity procedure, a Member cannot be regarded as a defendant[2];

    1. Decides to waive the immunity of Petras Gražulis;

    2. Instructs its President to forward this decision and the report of its committee responsible immediately to the competent authorities of the Republic of Lithuania and to Petras Gražulis.

     

    ANNEX: ENTITIES OR PERSONS  FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    The rapporteur declares under her exclusive responsibility that she did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

     

    INFORMATION ON ADOPTION IN COMMITTEE RESPONSIBLE

    Date adopted

    23.4.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    23

    0

    1

    Members present for the final vote

    Tobiasz Bocheński, José Cepeda, Ton Diepeveen, Mary Khan, Ilhan Kyuchyuk, Lukas Mandl, Mario Mantovani, Pascale Piera, René Repasi, Krzysztof Śmiszek, Dominik Tarczyński, Adrián Vázquez Lázara, Axel Voss, Marion Walsmann, Dainius Žalimas

    Substitutes present for the final vote

    David Cormand, Angelika Niebler, Arash Saeidi, Jana Toom

    Members under Rule 216(7) present for the final vote

    Andi Cristea, Esther Herranz García, Dariusz Joński, Marit Maij, Jorge Martín Frías

     

     

    MIL OSI Europe News

  • MIL-OSI: BTCC Exchange Scores Big on Day One of TOKEN2049 Dubai with Interactive Basketball Experience and Viral Mascot Nakamon

    Source: GlobeNewswire (MIL-OSI)

    A Media Snippet accompanying this announcement is available in this link.

    VILNIUS, Lithuania, May 02, 2025 (GLOBE NEWSWIRE) — BTCC, one of the world’s longest-serving cryptocurrency exchanges, made a spectacular splash on the first day of TOKEN2049 Dubai with its eye-catching basketball-themed booth and widely popular mascot Nakamon, attracting thousands of crypto enthusiasts, traders, and industry professionals.

    Following the announcement of its official gold sponsorship of TOKEN2049 Dubai in February, BTCC has successfully transformed its presence at the premier crypto event into an interactive playground that perfectly embodies the company’s dynamic and innovative spirit.

    Slam Dunk Success

    The BTCC booth stood out among the sea of exhibitors with its unique basketball court setup, complete with an illuminated hoop and a massive selfie wall for visitors to take photos. The selfie wall proudly highlighted BTCC’s achievement of zero security incidents since 2011. Visitors were invited to showcase their slam dunk skills and share their photos on social media to receive exclusive BTCC merchandise.

    A massive crowd of attendees participated in the basketball challenges throughout the day, with successful participants walking away with exclusive BTCC merchandise featuring the company’s beloved mascot, Nakamon. The eye-catching #BTCCatToken2049 photo prop became popular for social media posts, further amplifying the exchange’s presence at the event.

    The exchange saw an overwhelming enthusiasm for Nakamon-themed merchandise, with the cute crypto mascot becoming an unexpected star of TOKEN2049. Limited-edition plushies, t-shirts, and totebags quickly became coveted prizes for those who successfully completed the basketball challenges. Nakamon stood out as one of the most viral mascots at TOKEN2049, drawing attention from across the conference floor.

    From Desert Safari to Conference Floor

    Aaryn Ling, Head of Branding at BTCC Exchange, commented on the day’s success: “The energy at our basketball-themed booth perfectly mirrors BTCC’s approach to the cryptocurrency market – dynamic, engaging, and accessible to all. We’re thrilled to see so many attendees not only enjoying the games but also connecting with our team to learn more about our trading solutions. Building a community of trust is at the core of what we do, and TOKEN2049 has allowed us to continue the conversations we started during our Desert Safari Day right onto the conference floor.”

    Exclusive VIP Yacht Party

    Following the success of TOKEN2049 Dubai, BTCC Exchange will be hosting an exclusive VIP yacht party as an after-event celebration on May 2, 2025. On a luxurious yacht cruising in the Arabian sea, this event will gather top Key Opinion Leaders (KOLs) in the cryptocurrency space. The yacht party provides a chilled setting for top content creators to network and discuss the future of cryptocurrency in a more relaxed environment.

    About BTCC Exchange

    Founded in 2011, BTCC is one of the world’s longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving digital asset landscape.

    Official website: https://www.btcc.com/en-US

    X: https://x.com/BTCCexchange

    Media Contact: press@btcc.com

    The MIL Network

  • MIL-OSI: SUTNTIB AB Tewox publishes its NAV for April 2025

    Source: GlobeNewswire (MIL-OSI)

    Vilnius, Lithuania, May 02, 2025 (GLOBE NEWSWIRE) —

    As at the end of April 2025, the net asset value (NAV) of SUTNTIB AB Tewox decreased to EUR 42,086,793, compared to previously determined NAV at the end of March 2025, which was EUR 42,415,003.

    The share price decreased to EUR 1.0053, from EUR 1.0132 at the end of March 2025. The pro-forma internal rate of return (IRR) decreased to 0.18%, compared to previously announced IRR of 0.45% at the end of March 2025.

    Contact person for further information:

    Paulius Nevinskas

    Manager of the Investment Company

    paulius.nevinskas@lordslb.lt

    https://lordslb.lt/tewox_bonds/

    The MIL Network

  • MIL-OSI: Increase of Share Capital in Connection with the Exercise of the Options Programme and Subscription Results

    Source: GlobeNewswire (MIL-OSI)

    The Supervisory Board of AS LHV Group has decided to increase the share capital of the LHV Group by EUR 366,721.30. The increase was triggered by the need to issue new shares to staff members participating in the share options programme approved by the resolution of the general meeting on 13 March 2020, and amended by the resolution of the general meeting on 26 March 2025. A total of 163 current and former employees participated in the subscription of LHV Group shares, subscribing in total for 3,667,213 options for an aggregate amount of EUR 8,001,858.77. Unsubscribed options in the total amount of 19,977 will be cancelled.

    Decisions of the Supervisory Board of LHV Group:

    • LHV Group’s share capital will be increased by increased by EUR 366,721.30, from EUR 32,418,893.30 to EUR 32,785,614.60.
    • In connection with the increase, LHV Group will issue 3,667,213 new ordinary shares with a nominal value of EUR 0.1 per share. The shares will be issued with a share premium. The issue price is EUR 2.182 per share, with the nominal value of the share amounting to EUR 0.1 and the share premium to EUR 2.082.
    • Pursuant to the resolution of the general meeting of 13 March 2020, which approved the LHV Group’s share options programme and its basic conditions, and pursuant to the resolution of the general meeting of 26 March 2025, which approved the amendments to the LHV Group’s share option programme, the management and equivalent staff as well as key employees of the companies incorporated within the LHV consolidation group, as determined by the Supervisory Board and with whom LHV Group has concluded the relevant option agreements (option beneficiaries), have the pre-emptive right to subscribe the new shares.
    • LHV Group’s shareholders who are not beneficiaries of the share options programme did not have a pre-emptive right to subscribe for shares in connection with the share capital increase.
    • The share capital increase and payment for the new shares have been fully effected through monetary contributions. The deadline for exercising the pre-emptive subscription right and subscribing for shares was 30 April 2025 at 5:00 p.m. The subscription period was not extended. The option beneficiaries who intended to participate submitted their subscription applications and paid for the subscribed options on time; four option beneficiaries did not submit subscription applications, and one subscribed only partially for the options granted under the option agreement. The unsubscribed options, in the total amount of 19,977, will be cancelled.
    • The share capital increase in the amount subscribed by the option beneficiaries will be registered in the Estonian Central Register of Securities (Nasdaq CSD) and in the Commercial Register.
    • The increase of the share capital does not involve any specification or special rights attached to LHV Group’s ordinary shares. The newly issued shares will grant the right to receive dividends starting from the financial year 2025.

    All new shares issued by LHV Group will be listed on the Nasdaq Tallinn Stock Exchange on the day following the day on which the Estonian Central Register of Securities (Nasdaq CSD) ranks the additionally issued shares (initially carrying a temporary ISIN-code) pari passu with the existing shares (carrying the main ISIN-code).

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,160 people. As at the end of March, LHV’s banking services are being used by 465,000 clients, the pension funds managed by LHV have 113,000 active customers, and LHV Kindlustus is protecting a total of 174,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Priit Rum
    Communications Manager
    Phone: +372 502 0786
    Email: priit.rum@lhv.ee

    The MIL Network

  • MIL-OSI: Bitcoin Solaris Unveils Helios Security System: Safer Than Bitcoin with 10x Growth Potential

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 01, 2025 (GLOBE NEWSWIRE) — Bitcoin is legendary, but even legends can be improved. As security threats and scalability challenges rise, the crypto community has been searching for a blockchain that delivers both safety and growth potential. Enter Bitcoin Solaris (BTC-S) and its new Helios Security System — a breakthrough that promises more protection than Bitcoin and the speed of Solana, with serious room to grow.

    If you’re looking for a smart, secure, and scalable crypto investment, this might be your moment.

    Understanding the Helios Security System

    The Helios Security System is Bitcoin Solaris’s built-in defense and governance framework, designed to protect users, assets, and decentralized applications.

    It’s more than just a security layer — it’s a comprehensive system combining blockchain best practices with innovative tools that safeguard user interactions on the Bitcoin Solaris network.

    What Makes Helios Stand Out?

    • Integrated Across All Layers: Operates on both the base layer (security) and the Solaris layer (smart contracts and DeFi apps)
    • Zero-Knowledge Privacy Features: Users can opt into enhanced privacy for sensitive transactions
    • On-Chain Governance: Token holders vote on upgrades and policies, preventing centralized control
    • Validator Auditing and Automation: Delegated validators are selected based on performance and trust metrics
    • Constant Smart Contract Monitoring: All deployed contracts pass through ongoing audits and bug bounty programs

    By embedding Helios into its dual-consensus system, Bitcoin Solaris ensures the entire blockchain is secure — not just the base layer.

    The Future of Bitcoin Starts Here—Be Part of BTC-S

    What Makes Bitcoin Solaris Different?

    Bitcoin Solaris is more than just a secure blockchain — it’s an all-in-one ecosystem designed for everyday users, investors, and developers.

    Built for Performance and Protection

    • Dual-Consensus System: Combines Proof-of-Work (PoW) for unbeatable security and Delegated Proof-of-Stake (DPoS) for fast, scalable transactions
    • Up to 10,000 Transactions Per Second: With 2-second finality across the Solaris Layer
    • Massive Energy Efficiency: Uses 99.95% less energy than traditional Bitcoin mining
    • Cross-Platform Mining: Smartphones, laptops, and mining rigs all supported through the Solaris Nova App
    • Smart Tokenomics: 21 million fixed supply with 66.67% allocated to mining, creating sustainable distribution

    The Role of Liquid Staking in Network Safety

    Bitcoin Solaris enhances the user experience with liquid staking, giving token holders the ability to stake without locking their tokens.

    • Earn rewards with sBTC-S tokens (1:1 ratio)
    • Use staked tokens across DeFi apps while still earning
    • Support network decentralization by distributing stake across multiple validators
    • Gain voting power to steer platform direction

    Why Solana? Why Now?

    Solana’s blockchain is known for its speed and low fees, but it lacked the strong, Bitcoin-style security model. Bitcoin Solaris bridges that gap.

    By launching on Solana, Bitcoin Solaris leverages:

    • Fast processing
    • Reliable infrastructure
    • A vast developer ecosystem
    • Low-cost transactions

    Once the native Bitcoin Solaris chain goes live, tokens will migrate seamlessly, preserving speed and adding even more security at the protocol level.

    Positioned for Growth with Built-In Scarcity

    Bitcoin Solaris has locked its total token supply at 21 million BTC-S, mirroring Bitcoin’s proven model of digital scarcity.

    This limited supply, combined with audited smart contracts, real-world utility, verified contributers, and cutting-edge infrastructure, creates the perfect storm for long-term investor growth.

    With only three months of presale, early participants have a unique window to position themselves before BTC-S gains broader exposure.

    Conclusion

    The launch of the Helios Security System signals a new era for blockchain safety — one where decentralization, privacy, speed, and real-world use cases can finally work together in harmony. Bitcoin Solaris isn’t just a safer version of Bitcoin — it’s a faster, smarter, and more accessible evolution.

    Backed by Solana technology and driven by a strong, sustainable ecosystem, Bitcoin Solaris offers far more than promises. It offers the infrastructure to actually deliver — and the timing couldn’t be better.

    BTC-S Isn’t Just Another Coin—It’s a New Chapter in Bitcoin

    For more information on Bitcoin Solaris:

    Website: https://www.bitcoinsolaris.com/
    Telegram: https://t.me/Bitcoinsolaris
    X: https://x.com/BitcoinSolaris

    Contact:
    Xander Levine
    info@bitcoinsolaris.com

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/37ee6d52-826a-46ff-b145-43a973d0a89f
    https://www.globenewswire.com/NewsRoom/AttachmentNg/826c308b-6d8a-4f0e-aaee-207f329cd7b3
    https://www.globenewswire.com/NewsRoom/AttachmentNg/7cf8a47b-2389-4f35-9af4-6e843d25439b
    https://www.globenewswire.com/NewsRoom/AttachmentNg/49a9d4b7-a565-4b26-aaf2-45964176ff90

    The MIL Network

  • MIL-OSI Europe: Study – European Parliament diplomacy and the end of the Cold War: The integration of central and eastern European countries – 30-04-2025

    Source: European Parliament

    The European Parliament played a fundamental role in reshaping the political landscape of central and eastern Europe during and after the end of the Cold War, setting out an agenda for European enlargement and substantiating European integration. Amid an atmosphere that signalled the triumph of democratic state-building in Europe, Members of the European Parliament also saw an opportunity to advance their own agenda of further democratising and legitimising the governance structures of the European Community. The study examines how the European Parliament strengthened its presence throughout this period in Poland, Hungary, Czechoslovakia (now Czechia and Slovakia), Romania, Bulgaria, Albania, Estonia, Latvia, Lithuania, and the former Yugoslavia. Based on archival research and relevant literature review, the study illustrates the European Parliament’s involvement in these states’ path to full European Union membership, the motivations behind its policies, and the points of tension that arose during this transformative period.

    MIL OSI Europe News

  • MIL-OSI Europe: Press release – “Flow” wins 2025 LUX Audience Award

    Source: European Parliament

    The film “Flow”, directed by Latvian Gints Zilbalodis, was awarded the 2025 LUX Audience Award at a ceremony on Tuesday in the European Parliament in Brussels.

    Flow“, a Latvian, French and Belgian co-production, tells the story of Cat, a solitary animal whose home is devastated by a great flood. In his efforts to adapt to a new world, Cat finds refuge on a boat populated by other animals. The film deals with issues that are central in the European Parliament’s work: climate change, migration, displacement, and resilience.

    “The LUX Audience Award is more than just a prize. It is a testament to the European Parliament’s commitment to democracy, freedom of expression and the role of cinema in reflecting and shaping our societies. It brings European stories closer to people and brings people closer to the work of the European Parliament. This year’s five nominated films represent some of the most urgent and compelling issues of our time, issues that are at the core of the European Parliament’s agenda,” European Parliament Vice-President Sabine Verheyen (EPP, DE) said in a video message shown during the ceremony in the European Parliament hemicycle in Brussels.

    “We have had five compelling narratives and five very different LUX Audience Award nominees: they are an inspiration to filmmakers and the public, not only for celebrating the extraordinary variety of European cinema but also for demonstrating its ability to entertain and elevate at the same time. The cinematic art in Europe is a perfect example of how culture can make a significant contribution to society and advocate for compassion, empathy and change in an otherwise divided world,” Mike Downey, honorary president of the LUX Selection Committee and chair of the European Film Academy, said following the announcement of the winner.

    The four other films shortlisted for the award were: “Animal” by Greek director Sofia Exarchou, “Dahomey” by French director Mati Diop, “Intercepted” by Ukranian director Oksana Karpovych, and “Julie keeps quiet” by Belgian director Leonardo van Dijl.

    The winning film was chosen by combining a public vote and a vote by MEPs, each weighted at 50%.

    Press point

    After the ceremony, a press point with the chair of Parliament’s Committee on Culture and Education, Nela Riehl (Greens, DE), representatives of the winning film, and Mike Downey, will take place in front of room SPAAK 03C050. The press point will be webstreamed via the European Parliament Multimedia Centre.


    LUX Audience Award

    Through the LUX Audience Award, a unique pan-European audience film prize, Parliament has supported the distribution of European films since 2007, by providing subtitles in 24 EU languages for shortlisted films. The LUX Audience Award has garnered a reputation for quality by selecting European co-productions that engage with topical political and social issues and encourage debate about European values.

    The European Parliament works with the European Film Academy, the European Commission, and the Europa Cinemas network to reach a wider audience and to continue to strengthen the links between people and politics.

    MIL OSI Europe News

  • MIL-OSI: LHV Kindlustus renewed mandates of Supervisory Board members

    Source: GlobeNewswire (MIL-OSI)

    On 30 April 2025, the shareholders of AS LHV Kindlustus, belonging to the AS LHV Group consolidation group, resolved to extend the mandates of the current Supervisory Board members – Madis Toomsalu, Erki Kilu, Veiko Poolgas and Jaan Koppel – by five years.

    When deciding the renewal, Toomsalu’s wish to leave LHV Group was taken into account – accordingly, his mandate as a member of the LHV Kindlustus Supervisory Board will also end at the time of his resignation.

    All four Supervisory Board members have been involved with LHV Kindlustus since the company was founded. Their shared role is to support the company’s strategic development, ensure the reliable management of the insurance portfolio, guide the work of the management board, and ensure that the company’s activities comply with both legislative requirements and the internal principles of LHV.

    LHV Kindlustus offers a diverse range of property insurance products for both private and corporate customers. The company operates with the aim of providing transparent and customer-focused insurance solutions, strengthening LHV Group’s position as an innovative service provider in the local financial sector.

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,160 people. As at the end of March, LHV’s banking services are being used by 465,000 clients, the pension funds managed by LHV have 113,000 active customers, and LHV Kindlustus is protecting a total of 174,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Priit Rum
    Communications Manager
    Phone: +372 502 0786
    Email: priit.rum@lhv.ee

    The MIL Network