Category: Baltics

  • MIL-OSI: Beyond Crypto: BTCC Exchange to Power TOKEN2049 Dubai with Slam Dunk Energy

    Source: GlobeNewswire (MIL-OSI)

    VILNIUS, Lithuania, April 15, 2025 (GLOBE NEWSWIRE) — BTCC, one of the world’s longest-serving cryptocurrency exchanges, is set to create a standout presence at TOKEN2049 Dubai with an interactive basketball-themed booth combining entertainment with community engagement as a gold sponsor. The sleek design, featuring the exchange’s professional navy blue and white color scheme, is expected to be a popular destination at the event when TOKEN2049 takes place from April 30 to May 1, 2025 in Madinat Jumeirah, Dubai.

    Slam Dunk Experience

    Located at booth P51, the BTCC’s distinctive basketball arena design will offer attendees an immersive and entertaining experience through the BTCC Basketball Challenge. Complete with a dedicated selfie wall, the booth will create numerous opportunities for engagement and memorable moments.

    “We’ve designed our TOKEN2049 booth to reflect the energy and excitement of the crypto community,” said Aaryn Ling, Head of Branding at BTCC Exchange. “The basketball theme represents the precision, strategy, and team spirit that drives both sports and cryptocurrency trading.”

    The BTCC Basketball Challenge will invite visitors to test their shooting skills for a chance to win exclusive merchandise, including custom stickers, Nakamon plush toys, and premium BTCC branded items. To participate, attendees will simply need to engage with BTCC’s social media and take a photo at the booth using the hashtag #BTCCatTOKEN2049.

    Trade to Win Campaign Results

    Ahead of TOKEN2049, BTCC has concluded its Trade to Win campaign featuring TOKEN2049 prizes, including event tickets, skydiving experiences, and helicopter rides in Dubai. The campaign generated a total futures trading volume of over 68 billion USDT, with BTCC distributing a prize pool of 1 million USDT to 1,000 qualifying participants.

    Expanding Network Through Exclusive Side Events

    Surrounding TOKEN2049, BTCC will host two exclusive side events designed to strengthen relationships with influencers and expand its network within the cryptocurrency ecosystem.

    The Dubai Safari Day Tour on April 29 will offer not only desert adventures but also create an informal setting for meaningful discussions with influential crypto personalities. The exclusive KOL Yacht Party on May 2 is expected to attract prominent industry figures, providing BTCC with valuable opportunities to build strategic partnerships and showcase its vision for the future of cryptocurrency trading.

    These curated experiences will complement BTCC’s TOKEN2049 presence, reinforcing the exchange’s commitment to community building and industry collaboration.

    About BTCC Exchange

    Founded in 2011, BTCC is one of the leading crypto exchanges that has operated for over a decade. The platform offers a comprehensive suite of trading products, including spot and futures trading with up to 500x leverage. With a commitment to security and user experience, BTCC continues to innovate in the rapidly evolving cryptocurrency landscape.

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

    X: https://x.com/BTCCexchange

    Media contact: press@btcc.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c7a7d97d-6f4f-4e0f-84f9-f0a0afd27c1f

    The MIL Network

  • MIL-OSI United Nations: Lithuanian National Radio and Television (LRT)

    Source: UNISDR Disaster Risk Reduction

    Mission

    The Lithuanian public broadcaster, Lithuanian Radio and Television (LRT), is the media group that is owned by the public. As a taxpayer-funded institution, LRT’s fundamental mission is to serve the public interest and the public’s right to trustworthy and objective information.

    Lithuanian Radio and Television dates to 1926 when the first radio station started regular broadcasting from the then temporary capital of Lithuania, Kaunas. The television service has been broadcasting since 1957. Radio and television services are now operated from LRT’s headquarters in Vilnius.

    MIL OSI United Nations News

  • MIL-OSI: WhiteBIT Expands Horizons: Launch of the Cryptocurrency Exchange in Australia Strengthens Global Market Position

    Source: GlobeNewswire (MIL-OSI)

    VILNIUS, Lithuania, April 15, 2025 (GLOBE NEWSWIRE) — The WhiteBIT.au platform was launched in December 2024, but this launch was preceded by months of internal work and preparation. WhiteBIT has registered with AUSTRAC as a Digital Currency Exchange Provider and Independent Remitter Dealer. The company is just beginning to scale up its activities in Australia, planning to build on its already strong local team. As of now, spot trading is available; however, the product line will keep on growing. The company’s focus is to provide the highest quality products while staying within the regulatory approvals in each country.

    WhiteBIT is the largest European centralized crypto exchange by traffic. It has 8 million registered users and offices in 7 countries and is part of the WhiteBIT Group, a leading ecosystem of blockchain and crypto solutions with more than 35 million users worldwide. This launch in Australia comes amidst the growing demand for cryptocurrencies among Australian investors, creating the perfect environment for the development of digital asset infrastructure in the region.

    For Australian users, WhiteBIT offers fast and secure transactions and access to a range of new cryptocurrency trading tools, making it ideal for both beginners and experienced traders.

    Australia’s Crypto Adoption Surges as Investment Interest Grows

    According to Triple-A data, 9.6% of Australians already own digital assets, highlighting the high level of crypto adoption in the country. This creates an ideal environment for the continued growth of the crypto industry, particularly given the stable economy and increasing popularity of cryptocurrency investments among younger Australians.

    Despite its complexity, Australia presents an attractive landscape for crypto businesses. The nation boasts a resilient economy that is steadily recovering from post-COVID challenges. With a consistently growing average salary, Australians have the financial means, an investment culture, and access to a wide range of financial instruments. Notably, derivatives and cryptocurrencies are among the preferred options for younger investors.

    The country’s crypto market infrastructure is well-developed, with clear regulations and an established legal framework ensuring a structured environment for industry players. As a result, both local and global crypto companies are actively expanding their presence, competing to meet the needs of Australian investors.

    Volodymyr Nosov, founder and president of WhiteBIT Group, comments, “Expanding into the Australian market presents a unique opportunity to engage with a highly crypto-savvy audience and a region that plays one of the crucial roles in the Asia-Pacific Region. Our goal is to contribute to the economic well-being and financial independence of both Australian and Asian communities while driving the adoption of blockchain technology on a global scale. This expansion marks a significant step in our mission to make crypto accessible to everyone.”

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/88b6e175-3db7-41a1-b067-b8f04e5d4fe8

    The MIL Network

  • MIL-OSI: Moody’s has upgraded Coop Pank’s covered bonds rating to Aa1

    Source: GlobeNewswire (MIL-OSI)

    Moody’s Investors Service has upgraded the rating of covered bonds issued by Coop Pank AS (Coop Pank) from Aa2 to Aa1.

    When upgrading the rating, the international rating agency Moody’s has analyzed Coop Pank’s covered bond issue, taking into account, among other things, the credit quality of the mortgage loans used as collateral, the issuer’s activities and the Estonian legal framework, as well as market risks and the economic environment.

    Read more: https://ratings.moodys.com/ratings-news/441062

    In March of this year, Coop Pank issued the first 250 million euros of 4-year covered bonds within the framework of the 750 million euro covered bond program. The covered bonds are listed on the Euronext Dublin stock exchange.

    According to Paavo Truu, CFO of Coop Pank, the rating upgrade is a recognition of both Coop Pank and the Estonian financial system and the legal framework regarding covered bonds as a whole.

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The number of clients using Coop Pank for their daily banking reached 211,000. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.

    Additional information:
    Paavo Truu
    CFO
    Phone: 5160 231
    E-mail: paavo.truu@cooppank.ee

    The MIL Network

  • MIL-OSI Australia: 2023 Australian CRS reportable accounts by jurisdiction

    Source: New places to play in Gungahlin

    Limitations of the CRS report

    The Total accounts column represents the number of Financial Accounts held by foreign tax residents; it does not represent the number of foreign tax residents holding accounts. An account holder may be a tax resident of multiple jurisdictions, so accounts may be reported more than once.

    The Balance ($A) column represents the total balance or value of the Financial Assets held in the accounts. The figure includes:

    • cash
    • securities
    • bonds
    • commodities
    • partnership interests
    • debt interests and equity interests.

    Where an account is held by more than one account holder, the balance or value is attributed in full to each account holder. Where an account is held by a passive non-financial entity, such as a trust, the value of the equity interest is attributed in full to each controlling person. These accounts will be reported in the Total accounts and Balance ($A) columns more than once.

    Table: CRS statistics tabled by the Minister

    Jurisdiction

    Total Accounts

    Balance (AUD)

    Afghanistan

    11070

    $95,581,415

    Aland Islands

    693

    $3,871,473

    Albania

    728

    $10,764,088

    Algeria

    515

    $10,363,535

    American Samoa

    555

    $7,413,499

    Andorra

    1355

    $101,244,778

    Angola

    296

    $10,861,848

    Anguilla

    166

    $1,170,312

    Antigua and Barbuda

    234

    $3,613,577

    Argentina

    43207

    $239,451,920

    Armenia

    725

    $5,711,104

    Aruba

    510

    $18,999,978

    Austria

    16740

    $394,878,370

    Azerbaijan

    893

    $29,236,263

    Bahamas

    1044

    $232,452,443

    Bahrain

    1944

    $70,119,634

    Bangladesh

    29473

    $229,111,457

    Barbados

    378

    $15,992,240

    Belarus

    564

    $6,673,642

    Belgium

    11622

    $328,051,334

    Belize

    141

    $1,882,633

    Benin

    147

    $4,016,713

    Bermuda

    802

    $1,003,121,189

    Bhutan

    33564

    $129,472,928

    Bolivia (Plurinational State of)

    644

    $4,267,066

    Bonaire, Sint Eustatius and Saba

    65

    $320,289

    Bosnia and Herzegovina

    1015

    $18,562,691

    Botswana

    1551

    $74,047,155

    Brazil

    115912

    $665,938,179

    Brunei Darussalam

    4830

    $175,136,606

    Bulgaria

    1168

    $30,359,474

    Burkina Faso

    209

    $6,083,998

    Burundi

    359

    $1,251,294

    Cabo Verde

    57

    $801,533

    Cambodia

    13543

    $310,460,409

    Cameroon

    286

    $12,837,192

    Canada

    131945

    $4,655,911,312

    Cayman Islands

    1261

    $2,287,140,562

    Central African Republic (The)

    65

    $1,886,237

    Chad

    47

    $1,931,612

    Chile

    34790

    $184,569,286

    China

    1168312

    $35,846,564,031

    Colombia

    117549

    $329,328,309

    Comoros

    202

    $1,192,041

    Congo (Democratic Republic of The)

    955

    $15,603,703

    Congo (The)

    592

    $5,826,658

    Cook Islands

    966

    $15,755,625

    Costa Rica

    737

    $9,190,245

    Cote d’Ivoire

    154

    $12,847,535

    Croatia

    2570

    $91,851,975

    Cuba

    270

    $3,587,708

    Curacao

    63

    $489,577

    Cyprus

    2728

    $174,738,630

    Czech Republic

    5737

    $138,163,643

    Denmark

    13370

    $711,421,080

    Djibouti

    56

    $94,469

    Dominica

    118

    $20,557,976

    Dominican Republic

    6717

    $219,006,335

    Ecuador

    4375

    $24,093,968

    Egypt

    7828

    $130,461,587

    El Salvador

    549

    $4,583,826

    Equatorial Guinea

    43

    $5,787,039

    Eritrea

    574

    $3,235,597

    Estonia

    5283

    $19,768,874

    Ethiopia

    2203

    $22,578,132

    Falkland Islands [Malvinas]

    100

    $662,808

    Faroe Islands (The)

    45

    $320,055

    Fiji

    33661

    $418,588,501

    Finland

    7518

    $243,196,353

    France

    88770

    $1,312,556,582

    French Guiana

    63

    $1,169,649

    French Polynesia

    1466

    $144,692,251

    Gabon

    95

    $254,579

    Gambia

    98

    $1,040,902

    Georgia

    519

    $14,078,846

    Germany

    97566

    $2,136,961,996

    Ghana

    3662

    $45,920,708

    Gibraltar

    271

    $98,559,288

    Greece

    18433

    $874,732,119

    Greenland

    34

    $1,090,263

    Grenada

    45

    $860,469

    Guadeloupe

    59

    $1,397,246

    Guam

    567

    $22,049,141

    Guatemala

    609

    $4,477,478

    Guernsey

    709

    $188,289,280

    Guinea

    467

    $16,333,658

    Guinea-Bissau

    22

    $52,235

    Guyana

    145

    $5,865,208

    Haiti

    79

    $3,315,500

    Holy See (The)

    31

    $223,543

    Honduras

    284

    $3,912,750

    Hong Kong

    417259

    $19,652,979,316

    Hungary

    4166

    $89,013,732

    Iceland

    706

    $9,559,465

    India

    541071

    $3,337,392,017

    Indonesia

    141551

    $2,447,310,574

    Iran (Islamic Republic of)

    25484

    $220,602,656

    Iraq

    5657

    $47,263,403

    Ireland

    99386

    $1,184,004,246

    Isle of man

    755

    $77,412,757

    Israel

    14404

    $870,500,826

    Italy

    61111

    $1,042,858,008

    Jamaica

    502

    $10,346,693

    Japan

    122031

    $2,930,986,700

    Jersey

    1191

    $1,500,635,721

    Jordan

    3192

    $51,114,032

    Kazakhstan

    2762

    $76,557,742

    Kenya

    19121

    $167,004,133

    Kiribati

    1728

    $27,628,158

    Korea (The Democratic People’s Republic of)

    1300

    $11,985,623

    Korea (The Republic of)

    120329

    $692,796,653

    Kuwait

    2278

    $59,151,943

    Kyrgyzstan

    253

    $10,798,328

    Lao Peoples Democratic Republic

    3950

    $56,663,831

    Latvia

    662

    $19,990,384

    Lebanon

    4658

    $77,228,058

    Lesotho

    76

    $1,552,742

    Liberia

    331

    $7,577,445

    Libya

    321

    $5,848,095

    Liechtenstein

    115

    $2,373,413

    Lithuania

    1572

    $17,114,640

    Luxembourg

    1269

    $1,281,207,061

    Macao

    8485

    $557,432,905

    Madagascar

    302

    $4,468,823

    Malawi

    602

    $7,546,068

    Malaysia

    207495

    $9,736,791,971

    Maldives

    1145

    $9,633,668

    Mali

    204

    $6,447,711

    Malta

    3940

    $266,412,830

    Marshall Islands (The)

    142

    $267,119,933

    Martinique

    54

    $348,133

    Mauritania

    107

    $2,254,652

    Mauritius

    7436

    $190,515,176

    Mayotte

    43

    $89,402

    Mexico

    12583

    $107,075,070

    Micronesia (Federated States of)

    147

    $15,869,862

    Moldova (The Republic of)

    251

    $2,923,446

    Monaco

    655

    $148,818,123

    Mongolia

    18288

    $90,339,348

    Montenegro

    244

    $25,032,609

    Montserrat

    5287

    $264,020,964

    Morocco

    919

    $34,620,243

    Mozambique

    551

    $16,987,061

    Myanmar

    10713

    $94,691,582

    Namibia

    852

    $28,134,752

    Nauru

    1258

    $71,353,711

    Nepal

    151948

    $530,415,177

    Netherlands (The)

    38960

    $5,741,717,769

    New Caledonia

    14843

    $946,289,722

    New Zealand

    593810

    $13,924,735,966

    Nicaragua

    212

    $1,863,857

    Niger (The)

    118

    $4,131,203

    Nigeria

    8518

    $59,998,862

    Niue

    63

    $457,441

    Northern Mariana Islands (The)

    86

    $1,940,793

    Norway

    12085

    $116,151,200

    Oman

    2919

    $53,732,678

    Pakistan

    40606

    $233,873,735

    Palau

    90

    $2,489,305

    Palestine, State of

    490

    $4,307,127

    Panama

    817

    $22,319,621

    Papua New Guinea

    20645

    $1,000,357,988

    Paraguay

    611

    $4,606,315

    Peru

    8102

    $93,464,956

    Philippines

    149788

    $1,081,032,048

    Pitcairn

    42

    $2,255,280

    Poland

    10216

    $183,398,727

    Portugal

    8340

    $364,367,730

    Puerto Rico

    111

    $1,240,149

    Qatar

    5561

    $199,292,806

    Republic of North Macedonia

    2098

    $48,970,081

    Reunion

    198

    $5,016,186

    Romania

    2257

    $33,817,593

    Russian Federation

    13479

    $311,237,493

    Rwanda

    349

    $2,900,073

    Saint Barthelemy

    43

    $132,991

    Saint Helena, Ascension and Tristan da Cunha

    19

    $53,689

    Saint Kitts and Nevis

    164

    $65,704,365

    Saint Lucia

    99

    $11,339,027

    Saint Martin (French part)

    24

    $1,272,193

    Saint Vincent and The Grenadines

    54

    $648,955

    Samoa

    5642

    $12,252,804

    San Marino

    22

    $225,736

    Sao Tome and Principe

    16

    $47,212

    Saudi Arabia

    17461

    $290,408,054

    Senegal

    246

    $17,019,253

    Serbia

    2765

    $61,671,117

    Seychelles

    747

    $66,081,694

    Sierra Leone

    518

    $59,985,702

    Singapore

    216492

    $16,932,866,043

    Sint Maarten (Dutch)

    44

    $2,030,457

    Slovakia

    2683

    $34,211,553

    Slovenia

    1143

    $31,256,112

    Solomon Islands

    5670

    $107,624,274

    Somalia

    419

    $883,615

    South Africa

    85705

    $3,036,112,507

    South Sudan

    409

    $1,439,169

    Spain

    34964

    $615,458,859

    Sri Lanka

    59417

    $496,470,828

    Sudan

    1369

    $9,428,890

    Suriname

    99

    $808,495

    Swaziland

    491

    $11,837,248

    Sweden

    24838

    $395,550,321

    Switzerland

    27602

    $2,522,289,323

    Syrian Arab Republic

    3146

    $16,259,175

    Taiwan (Province of China)

    215091

    $5,182,123,415

    Tajikistan

    150

    $6,070,527

    Tanzania, United Republic of

    1483

    $28,785,672

    Thailand

    115526

    $1,671,533,990

    Timor-Leste

    5625

    $103,220,105

    Togo

    50

    $392,068

    Tokelau

    34

    $94,511

    Tonga

    10335

    $27,905,071

    Trinidad and Tobago

    429

    $10,964,301

    Tunisia

    505

    $42,954,529

    Turkey

    12815

    $123,250,809

    Turkmenistan

    80

    $269,557

    Turks and Caicos Islands (The)

    62

    $12,992,454

    Tuvalu

    332

    $24,161,951

    Uganda

    1469

    $26,010,162

    Ukraine

    6358

    $57,835,515

    United Arab Emirates

    34016

    $1,525,677,609

    United Kingdom of Great Britain and Northern Ireland (The)

    650226

    $15,897,900,722

    United States Minor Outlying Islands (The)

    616

    $17,009,421

    United States of America (The)

    607512

    $32,140,613,865

    Uruguay

    2967

    $20,416,335

    Uzbekistan

    843

    $14,924,835

    Vanuatu

    12745

    $166,367,754

    Venezuela (Bolivarian Republic of)

    3429

    $16,703,255

    Vietnam

    108399

    $1,368,106,502

    Virgin Islands (British)

    664

    $1,583,993,488

    Virgin Islands (U.S.)

    86

    $12,262,261

    Wallis and Futuna

    79

    $735,705

    Western Sahara

    54

    $172,955

    Yemen

    436

    $3,698,663

    Zambia

    2508

    $52,915,353

    Zimbabwe

    8557

    $181,025,534

    MIL OSI News

  • MIL-OSI Europe: EIB Group approves new financing for European security, transport, energy, water and deep tech as well as support for Ukrainian firms

    Source: European Investment Bank

    • EIB Board approves €3.6 billion in financing for clean transport, energy and innovation, as well as upgrading water and sanitation in Africa.
    • EIB Board also backed broader support for Europe’s automotive sector, which has received more than €11bn EIB financing in the past five years.
    • EIF Board approved investment in deep tech venture capital fund and backing for war-affected small- and medium-sized companies in Ukraine.

    The Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF), meeting this week, approved new financing to support economic prosperity and resilience, boost innovation and EU’s strategic autonomy in new technologies, and deepen global partnership.

    “The EIB Group is responding to Europe’s priorities in the current volatile international context, providing financing for projects to boost security, technological innovation, critical infrastructures, and the deepening our international partnerships” said EIB Group President Nadia Calviño. “We also affirmed our commitment to support Europe’s manufacturing champions in the automotive industry. The automotive sector is the second largest focus of the EIB group after energy, where the EIB Group has committed more than €11.5 billion over the past five years.”

    The EIB Board approved a total of €3.6 billion of new projects for water and energy infrastructure, housing and clean transport.

    The EIF’s Board approved transactions totalling €2.2 billion, including four operations under the EU4Business Guarantee Facility to facilitate access to finance for war-affected enterprises in Ukraine.

    Backing the automotive sector

    The EIB Board of Directors discussed ways to further step-up support for Europe’s automotive industry, with a focus on innovation and investment in future technologies. The EIB Group has provided more than €11.5 billion euros to support the sector over the past five years, with financing covering the entire supply chain and key infrastructures – from battery and components manufacturing to electric vehicle charging stations.

    Transport, energy, water and housing

    New financing approved by the EIB includes more than €1 billion for low-emission transport in northern Europe, urban mobility in Germany, climate-resilience in Poland and an upgrade of 350 kilometres of the main transport route in Malawi.

    Large-scale energy and water investment totalling €1.4 billion was also agreed, including research and development of heat pumps in Poland and Belgium, improvements to water and sanitation in Latvia and Guinea and an expansion of electricity distribution in Brazil.

    Financing to enable construction of more than 700 affordable homes in Czechia was also approved.

    Fresh EIB financing of €1.1 billion for company investments agreed today includes small-business financing programmes in Spain and Greece and venture-debt financing for 3D software, digital health and disease-resistant and drought-resistant agriculture.

    Venture capital support for deep-tech and cybersecurity

    Among the greenlighted EIF equity investments were participations in a pan-European venture capital fund seeking to scale up deep technology investments – including cybersecurity – with resources under the European Tech Champions Initiative, and a venture capital fund supporting early-stage tech companies in emerging European venture capital markets.

    The EIF Board also endorsed two new mandates, which will respectively foster the Polish venture capital market and early-stage technology transfer and deep tech investments in Spain.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News

  • MIL-OSI Global: China’s new underwater tool cuts deep, exposing vulnerability of vital network of subsea cables

    Source: The Conversation – Global Perspectives – By John Calabrese, Assistant Professor, School of Public Affairs and Non-Resident Senior Fellow, Middle East Institute, American University

    Laying an undersea fiber-optic cable at Arrietara beach near the Spanish village of Sopelana. Ander Gillenea/AFP via Getty Images

    Chinese researchers have unveiled a new deep-sea tool capable of cutting through the world’s most secure subsea cables − and it has many in the West feeling a little jittery.

    The development, first revealed in February 2025 in the Chinese-language journal Mechanical Engineering, was touted as a tool for civilian salvage and seabed mining. But the ability to sever communications lines 13,000 feet (4,000 meters) below the sea’s surface − far beyond the operational range of most existing infrastructure − means that the tool can be used for other purposes with far-reaching implications for global communications and security.

    That is because undersea cables sustain the world’s international internet traffic, financial transactions and diplomatic exchanges. Recent incidents of cable damage near Taiwan and in northern Europe have already raised concerns of these systems’ vulnerabilities − and suspicions about the role of state-linked actors.

    The growing sophistication and openness of underwater technology evidenced by the latest news from China suggest that undersea infrastructure may play a larger role in future strategic competition. Indeed, this development adds a new layer to the broader challenge of securing critical infrastructure amid expanding technological reach and the rise of so called “gray zone” tactics – antagonisms that take place between direct war and peace.

    The backbone of global communication

    Despite their unassuming appearance, undersea cables form the backbone of modern communication systems. Stretching around 870,000 miles (over 1.4 million kilometers) across every ocean, these cables transmit almost 100% of global internet communication.

    Underwater cables unite the world.
    TeleGeography/submarinecablemap.com, CC BY-SA

    These information superhighways are a major engine for the modern economy and are indispensable for things such as almost instantaneous financial transactions and real-time diplomatic and military communications.

    If all these cables were suddenly severed, only a sliver of U.S. communication traffic could be restored using every satellite in orbit.

    The entire system is built, owned, operated and maintained by the private sector. Indeed, approximately 98% of these cables are installed by a handful of firms. As of 2021, the U.S. company SubCom, French firm Alcatel Submarine Networks and Japanese firm Nippon Electric Company collectively held an 87% market share. China’s HMN Tech holds another 11%.

    Tech giants including Amazon, Google, Meta and Microsoft now own or lease roughly half of the undersea bandwidth worldwide, according to analysis by the U.S.-based telecommunications research group TeleGeography.

    Vulnerabilities and sabotage

    The very characteristics that make undersea cables effective also render them highly vulnerable. Built to be lightweight and efficient, they are exposed to a variety of natural hazards, including underwater volcanic eruptions, typhoons and floods.

    But human activity is still the primary cause of cable damage, whether it’s from accidental anchor drags or inadvertent entanglement with trawler nets.

    Now, security experts are increasingly concerned that future human disruptions might be intentional, with nations launching coordinated attacks on undersea cables as part of a hybrid war strategy.

    Such assaults could disrupt not only civilian communications but also critical military networks.

    An adversary, for example, could cut off a nation’s command structures from intelligence feeds, sensor data and communication with deployed forces. The ramifications extend even to nuclear deterrence: Without reliable communication, a nuclear-armed state might lose the ability to control or monitor its strategic weapons.

    The loss of communications, even for a few minutes, could be catastrophic. It could mean the difference between a successful defense and a crippling first strike.

    A technician explains the undersea damage to cables around Taiwan following a 2006 earthquake.
    Sam Yeh/AFP via Getty Images

    Geopolitical threats

    In recent years, Western policymakers have become particularly concerned about the capabilities of Russia and China to exploit the vulnerabilities of undersea cables.

    One particularly illustrative incident occurred in 2023 when Taiwanese authorities accused two Chinese vessels of cutting the only two subsea cables supplying internet to Taiwan’s Matsu Islands.

    The resulting digital isolation of 14,000 residents for six weeks was not an one-off episode. Taiwan’s ruling Democratic Progressive Party has pointed to a pattern, noting that Chinese vessels have disrupted cable operations on 27 occasions since 2018.

    In January 2025, Taiwan’s coast guard blamed a Cameroon- and Tanzania-flagged vessel crewed by seven Chinese nationals and operated by a Hong Kong-based company when an undersea cable was severed off the island’s northeastern coast.

    Such incidents, often described as gray-zone aggression, are designed to wear down an adversary’s resilience and test the limits of response.

    China’s recent push to enhance its cable-cutting capabilities coincides with a surge in its military drills around Taiwan, including a number of recent exercises.

    Similar cable disruptions have occurred in the Baltic Sea. In October 2023, a telecom cable connecting Sweden and Estonia was damaged along with a gas pipeline. In January 2025, a cable linking Latvia and Sweden was breached, triggering NATO patrols and a Swedish seizure of a vessel suspected of sabotage tied to Russian activities.

    Dmitry Medvedev, deputy chairman of Russia’s Security Council, even hinted at the possibility of targeting undersea communication cables as retaliation for actions such as the Nord Stream pipeline explosions in 2023.

    The involvement of state-linked vessels in incidents operating under flags of convenience − that is, registered to another country − further complicates efforts to attribute and deter such attacks.

    It isn’t just security and defense at risk. The modern financial system is predicated on the assumption of continuous, high-speed connectivity; any interruption, however brief, could disrupt markets, halt trading and lead to significant monetary losses.

    The undersea battlefield

    Given the strategic importance of undersea cables and the multifaceted risks they face, Western governments intent on preventing further conflict would be wise to find a comprehensive and internationally coordinated way to secure the infrastructure against threats.

    One clear option would be to bolster repair and maintenance capacities. Currently, a significant vulnerability stems from the overreliance on Chinese repair ships. China’s robust maritime industry and state-supported investments in global telecommunications has contributed to the Asian nation taking a prominent position when it comes to cable repair ships.

    The protection of undersea cables should not, I believe, be viewed as the responsibility of any single nation but as a collective priority for all nations reliant on this infrastructure. As such, international frameworks and agreements could facilitate information sharing, standardize security protocols and establish rapid response mechanisms in the event of a cable breach.

    But such international efforts would be fighting against the tide. The incidents in Taiwan, the Baltic Sea and elsewhere come as great power competition intensifies between the U.S. and China.

    China, in developing deep-water cable-cutting technology, may be sending a message of intent. Meanwhile, the Trump administration’s “America First” approach signals a shift that could complicate efforts to foster partnerships for the general global good.

    The defense of undersea cables reflects the challenges of our hyperconnected world, requiring a balance of innovation, strategy and cooperation. But as nations including China and Russia seemingly test and probe this vital global infrastructure, it appears the systems underpinning the West’s prosperity and security could become one of its greatest vulnerabilities.

    John Calabrese 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. China’s new underwater tool cuts deep, exposing vulnerability of vital network of subsea cables – https://theconversation.com/chinas-new-underwater-tool-cuts-deep-exposing-vulnerability-of-vital-network-of-subsea-cables-251877

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Deteriorating Human Rights situation in Georgia: Joint Statement to the OSCE, April 2025.

    Source: United Kingdom – Government Statements

    Speech

    Deteriorating Human Rights situation in Georgia: Joint Statement to the OSCE, April 2025.

    UK and other OSCE participating States express concern over the deteriorating human rights situation and call on Georgia to open an inclusive dialogue with political parties, civil society and the OSCE institutions.

    Thank you, Madam Chair,  

    I am delivering this statement on behalf of  Albania, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Greece, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxemburg, Malta, Montenegro, the Netherlands, North Macedonia, Norway, Poland, Portugal, Moldova, Romania, Slovenia, Spain, Sweden, Switzerland, the United Kingdom, Ukraine and my own country, Germany.  

    As OSCE participating States, we have committed to upholding and defending fundamental human rights, democracy, and the rule of law—not only within our own borders, but across our shared OSCE region. This commitment carries a responsibility: to hold each other accountable when we witness signs of democratic backsliding. 

    It is in this spirit that we express again our deep concern over the deteriorating human rights situation in Georgia. Since our last discussion in February, we have regretfully witnessed Georgian authorities taking further steps away from their democratic and human rights commitments. 

    Madam Chair,  

    Our main concerns are threefold: the legislative restriction of civic space, the targeting of independent media, and the continued lack of accountability for excessive use of force by police, the use of indiscriminate violence by unidentified groups against peaceful protesters as well as unnecessarily long pre-trial detention periods and the reported ill-treatment of those in pre-trial detention. 

    The Foreign Agents Registration Act requires all individuals and organisations receiving foreign funding to register as so-called “Foreign Agents,” with financial sanctions and criminal penalties imposed on those who refuse. We share ODIHR’s concern that “this law, along with other recent legislative initiatives, could further curtail the activities of civil society organizations and human rights defenders by removing the safeguards needed for them to carry out their work”. This law lacks the legal safeguards that prevent civil society, media and private individuals from being branded as instruments of foreign influence based solely on funding sources, which strongly suggests that this law is not about transparency, but about suppressing dissent and tightening the grip on civil society. This is of particular concern in view of the upcoming local elections.  

    We are also closely monitoring recent amendments to Georgia’s electoral legislation. It is essential that any changes to the electoral framework enhance transparency and public trust, and that reforms are developed through inclusive dialogue and in line with OSCE commitments. Relatedly, we are concerned about legislative amendments undermining freedom of peaceful assembly, including the amendments to the Criminal and Administrative Offences Codes and the Law on Assemblies and Manifestations. The amendments undermine the principle of equal suffrage and restrict freedom of assembly, as stated in relevant ODIHR’s and Venice Commission latest opinions. We urge the Georgian authorities to implement their recommendations.  

    Madam Chair,  

    We are alarmed by the escalating threats and intimidation faced by journalists in Georgia. The Public Defender’s 2024 Human Rights Report highlights a significant decline in media freedom, exacerbated by restrictive laws—such as the recent amendments to the Law on Broadcasting—and growing hostility toward journalists. 

    Notably, there have been incidents where journalists were being targeted by police while covering protests, including physical assaults and equipment seizures. Furthermore, reports of targeting journalists in exile and negative rhetoric from high-ranking officials and politicians have further eroded media freedom and increased risks for journalists. 

    We call for the immediate cessation of these practices and the immediate release of all arbitrarily detained journalists, including Mzia Amaghlobeli, who remains in detention on charges of up to 7 years in prison. 

    Finally, we remain deeply troubled by the persistent lack of accountability for police violence. We have seen no evidence of credible efforts by the Georgian authorities to investigate reports of disproportionate use of force against peaceful protesters, arbitrary detentions, excessive over-reliance on long pre-trial detention periods, and mistreatment of detainees. 

    We call on the Georgian authorities to take immediate action to protect the rights of those exercising their fundamental freedoms and to conduct a thorough investigation of the use of police force during peaceful protests since 28 November 2024 in order to hold those responsible for human rights violations to account. Failure to do so further undermines public trust in Georgia’s institutions. 

    Madam Chair, 

    Despite repeated statements by Georgia reaffirming their commitment to dialogue and the OSCE principles and commitments, we have yet to see any concrete and genuine steps toward meaningful engagement. Instead, recent actions by the Georgian authorities have moved Georgia further away from democracy. We call on the Georgian authorities to open an inclusive dialogue with all political parties and civil society organisations in order to find peaceful and democratic solutions to the ongoing crisis. 

    We welcome recent statements by ODIHR and RFoM and strongly urge Georgia to continue to constructively engage with OSCE institutions and make use of their expertise. As fellow OSCE participating States, we will explore all available tools and mechanisms within the OSCE context going forward. In this spirit, we call on Georgian authorities to implement recommendations by ODIHR with regard to the upcoming elections. 

    Our unwavering commitment to Georgia’s sovereignty and territorial integrity remains unchanged. We stand steadfast in our support for the Georgian people and their pursuit of a democratic, stable and European future, and we remain ready to work with Georgia to ensure it upholds its international obligations and ensures that human rights and fundamental freedoms are fully respected.​

    Updates to this page

    Published 11 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Europe: Latest news – 14 April – 18 April: External parliamentary activities

    Source: European Parliament

    The week of 14 April is dedicated to external parliamentary activities. That includes work back home, in Members’ constituencies, as well as missions outside Parliament’s places of work. During this week, the Committee on Budgets will visit Latvia from 14 to 16 of April to examine the budgetary impact of enhancing EU preparedness, focusing in particular on defence spending.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Report by the Representative on Freedom of the Media to the OSCE Permanent Council: Joint Statement, April 2025.

    Source: United Kingdom – Executive Government & Departments 3

    Speech

    Report by the Representative on Freedom of the Media to the OSCE Permanent Council: Joint Statement, April 2025.

    UK and others call for action to uphold safety of journalists and media freedom against a deteriorating background within some OSCE countries.

    Thank you Mr. 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 namely Austria, Canada, Denmark, Estonia, Finland, France, Germany, Greece, Latvia, Montenegro, the Netherlands, Norway, Sweden, the United Kingdom, and my own country, Lithuania. 

    First of all we welcome the Representative on Freedom of the Media Mr. Jan Braathu – dear Jan-  to the Permanent Council and thank him for his first report since taking on this role.   

    We reaffirm our strong support for the autonomous mandate of the Representative on Freedom of the Media, which plays a vital role in monitoring media developments in participating States, providing early warning on violations, and promoting compliance with OSCE commitments. 

    Mr. Chair, 

    We believe there is no genuine security without media freedom, and no media freedom without journalists being able to carry out their work safely. Unfortunately, despite the commitments of participating States, the environment for journalists across the OSCE region is extremely concerning, as they face physical and online violence, legal harassment, including strategic lawsuits against public participation, arbitrary detention, forced disappearance and even death for simply doing their job.  

    Russia’s unprovoked and unjustifiable war of aggression against Ukraine, with the complicity of Belarus, has directly impacted media freedom and the safety of journalists. As Russia‘s atrocities in Ukraine continue, Reporters Without Borders has recorded that since the beginning of the full-scale invasion, nearly 150 journalists have become victims of Russian abuses performing their duties. 13 journalists have been killed by Russian forces. 47 journalists have been injured while reporting as a result of attacks by Russian forces. 19 Ukrainian journalists are currently detained by Russia after being mainly arrested in temporarily occupied Ukrainian territories. According to the Moscow Mechanism reports, Russia uses arbitrary detention and threats against journalists in the temporarily occupied territories to intimidate the population and to eliminate activists. 

    In Russia and Belarus, the systematic crackdown on independent media has reached unprecedented levels. This has resulted in the closure of nearly all independent media organizations, leading to a media and information space almost entirely controlled by the state apparatus. At least 38 journalists and media actors are unjustly imprisoned in Russia, part of over 1500 political prisoners. In Belarus, at least 45 journalists and media actors are unjustly imprisoned among more than 1200 political prisoners. Many more journalists and media actors have been forced into exile. We call on both Russia and Belarus to immediately and unconditionally release all political prisoners, including those held by Russia in temporarily occupied Ukrainian territories. 

    We are increasingly concerned about the deteriorating media freedom situation in other participating States, where journalists are labelled under so-called foreign agent laws and hindered from performing their duties. We urge Georgia to immediately and unconditionally release all journalists who are arbitrarily detained or arrested, and to engage in constructive dialogue with the RFoM and ODIHR to align its laws and actions with OSCE commitments. In Azerbaijan,  there has been an unsettling rise in cases brought against journalists and independent media outlets. We call on Azerbaijan to ensure all citizens‘ fundamental rights and to provide safe and dignified conditions for detainees in line with its OSCE commitments, including  access to health and independent legal services.  All those detained for exercising their fundamental rights should be released. We also echo the statement by the RFoM on March 27 calling for the swift release of journalists arrested in Türkiye while covering demonstrations. 

    Mr. Chair, 

    In this context, the role of the RFoM is more important than ever. We commend the RFoM’s continued work on the Safety of Journalists by creating a network of National Focal Points, developing guidelines and advising participating states on how to improve the implementation of their commitments from the 2018 Milan Ministerial Council decision. We are pleased to hear that the RFOM is developing a comprehensive capacity-building strategy to ensure that women journalists are able to take part in public debates online and offline without fear of harassment, attacks or violence.  

    Mr Chair 

    As pressure on journalists is often an early sign of a broader deterioration of the human rights situation, we also expect the RFOM to fulfil the early warning and rapid response function in cases of serious non-compliance with our shared commitments regarding freedom of expression and media freedom, including with respect to the protection of journalists and other media actors. 

    Thank you very much for listening.

    Updates to this page

    Published 11 April 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: £450M surge of military support to boost Ukraine’s Armed Forces as UK and Germany chair meeting of 50 nations

    Source: United Kingdom – Government Statements

    Press release

    £450M surge of military support to boost Ukraine’s Armed Forces as UK and Germany chair meeting of 50 nations

    Package will support UK jobs and growth, with equipment and repair contracts connecting UK companies with Ukrainian industry

    The UK is surging rapid military support to Ukraine to put them in the strongest position to secure a lasting peace as partners meet in Brussels for the 27th Ukraine Defence Contact Group, chaired by the UK and Germany.

    The security of the UK and Europe starts in Ukraine, and a major new military support package will be delivered by British and Ukrainian suppliers to help boost Ukraine’s Armed Forces as they continue to defend against Russian attack. As chair of the meeting, the UK has secured ambitious pledges for Ukraine from donor countries.

    Today’s package, worth £450 million, includes £350 million from the UK from this year’s record £4.5 billion military support funding for Ukraine. Further funding is being provided by Norway, via the UK-led International Fund for Ukraine.

    The support package will be announced by Defence Secretary John Healey when he chairs the contact group alongside German Defence Minister Boris Pistorius later today, where 50 nations will come together to coordinate urgent military support for Ukraine.

    It will include £160 million of UK funding to provide repairs and maintenance to vehicles and equipment the UK has already provided to Ukraine – partnering UK companies with Ukrainian industry, supporting the UK economy and skilled jobs.

    Today’s support also includes a new ‘close fight’ military aid package – with funding for radar systems, anti-tank mines and hundreds of thousands of drones – worth more than £250 million, using funding from the UK and Norway. The package builds on the work of the drone capability coalition, led by the UK and Latvia.

    This will include high manoeuvrable first-person view (FPV) drones to attack targets, and drones which can drop explosives on Russian positions. These two types of drones are reported to be responsible for 60-70% of damage currently caused to Russian equipment.

    The new kit will be procured from a mixture of UK and Ukrainian suppliers, demonstrating how investment into Ukraine’s defence supports jobs and the economies of both the UK and Ukraine.

    The £160 million package for equipment repairs and maintenance will ensure vital armoured vehicles and other equipment can get back to the battlefield as quickly as possible. It will be implemented through the UK’s Taskforce HIRST, linking UK and Ukrainian companies to ensure repairs can be conducted in country to ensure that vital equipment is returned to the frontline as quickly as possible.

    The support provides opportunities for British companies to learn lessons from the battlefield and support the UK’s own industrial capabilities, an example of the UK-Ukraine 100-year partnership announced by the Prime Minister in action.

    Addressing the contact group, Defence Secretary John Healey MP will say:

    The work of the Ukraine Defence Contact Group is vital to put Ukraine in the strongest possible position and pile pressure on Putin to help force him to end this terrible war.

    We cannot jeopardise peace by forgetting the war, which is why today’s major package will surge support to Ukraine’s frontline fight.

    2025 is the critical year for Ukraine. Our job as defence ministers is to put into the hands of the Ukrainian war fighters what they need. We must step up to deter Russian aggression by continuing to bolster Ukraine’s defences.

    Yesterday, [Thursday] the Defence Secretary and his French counterpart, Minister Lecornu, chaired the first meeting of Coalition of the Willing defence ministers, bringing together 30 countries to progress planning for a reassurance force to support a lasting peace in Ukraine.

    The meeting followed a series of high-level meetings of leaders and defence chiefs in the last month to move forward with operational planning.

    This work delivers on the Prime Minister’s four-point plan to support Ukraine by ramping up delivery of weapons and equipment, boosting Ukraine’s defensive capabilities in the long term, working with allies to develop robust security assurances, and keeping up pressure on Putin.

    The UK is fully committed to working with allies to step up support to ensure Ukraine remains in the strongest possible position, which is why £4.5 billion of military support will be provided this year – more than ever before.

    As well as demonstrating leadership through the Ukraine Defence Contact Group and Coalition of the Willing, the UK is also contributing heavily to NATO’s Security Assistance and Training for Ukraine (NSATU) Command, which is coordinating further support for Ukraine in the form of training and providing more capabilities. Through the International Fund for Ukraine, the UK will manage the NSATU Trust Fund for rapid procurement – which Canada, Denmark and Iceland have already pledged funding towards, to meet Ukraine’s urgent equipment support and logistical needs.

    Updates to this page

    Published 11 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Security: South Carolina Man Pleads Guilty for Illegally Importing and Selling Sperm Whale Teeth and Bones

    Source: Office of United States Attorneys

    CHARLESTON, S.C. —Lauren H. Deloach, 69, of Saint Helena Island, has pleaded guilty to Lacey Act and Marine Mammal Protection Act (MMPA) charges for importing and selling sperm whale teeth and bones.

    According to court documents and statements made in court, DeLoach admitted to, from September 2021 through September 2024, importing sperm whale parts to South Carolina, including at least 30 shipments from Australia, Latvia, Norway, and Ukraine. Records showed that DeLoach instructed suppliers to label the items as “plastic” so they would not be seized by U.S. customs authorities. From July 2022 through September 2024, DeLoach acknowledged selling the teeth and bones in violation of the Lacey Act. He sold at least 85 items on eBay worth over $18,000, and agents seized approximately $20,000 worth of sperm whale parts from DeLoach’s residence during a search warrant.

    The MMPA prohibits importing any marine mammal, which includes whales, except for limited public display, scientific research, or enhancement of a species survival. The Lacey Act is the nation’s oldest wildlife protection law and makes it unlawful to sell any wildlife that was illegally imported.

    The sperm whale is the largest species of toothed whale, reaching up to 78 feet and 45 tons. Individuals prize their teeth and bones as decorations or as a scrimshaw or painting medium. Sperm whale have been listed under the Endangered Species Act as endangered since 1970 and are protected by the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). The United States and the countries from which imported DeLoach are signatories to CITES, an international agreement to protect fish, wildlife, and plants that are or may become threatened with extinction.

    “Illegal wildlife trafficking is a multi-billion-dollar global business that endangers protected animals and fuels organized crime,” said Acting U.S. Attorney Brook B. Andrews for the District of South Carolina. “We will continue to enforce the Lacey Act and the Marine Mammal Protection Act so vulnerable species like the sperm whale are not killed and sold for parts.”

    “Whales are among the world’s most iconic species, and they’re also among the most vulnerable to illegal harvest driven by commercialization. The illicit trade in sperm whale teeth and ear bones contributes to the monetization of at-risk marine mammal populations that America protects through federal laws and international treaties,” said U.S. Fish and Wildlife Service Office of Law Enforcement Assistant Director Doug Ault. “As part of ‘Operation Raw Deal’ — a nationwide crackdown on the illegal trade in whale parts — this investigation demonstrates our commitment to bringing justice to those who exploit protected wildlife for profit.”

    DeLoach faces a maximum sentence of five years in prison and a $250,000 fine on the felony Lacey Act charge and a maximum sentence of one year in prison for the misdemeanor MMPA violation. United States District Judge David C. Norton accepted the guilty plea and will sentence DeLoach after receiving and reviewing a sentencing report prepared by the U.S. Probation Office.

    Acting Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division (ENRD), Acting U.S. Attorney Brook B. Andrews for the District of South Carolina, and Assistant Director Douglas Ault of the U.S. Fish and Wildlife Service (USFWS) made the announcement.

    This case was investigated by the U.S. Fish and Wildlife Service and the National Oceanic and Atmospheric Administration Office of Law Enforcement. Assistant U.S. Attorneys Elle Klein and Winston Holliday are prosecuting the case with Senior Trial Attorney Ryan Connors of ENRD’s Environmental Crimes Section.

    ###

    MIL Security OSI

  • MIL-OSI United Nations: 10 April 2025 Departmental update Worldwide rally for maternal and newborn health marks World Health Day 2025

    Source: World Health Organisation

    On the occasion of the World Health Day 2025 dedicated to the theme of Healthier beginnings, hopeful futures, over 100 global offices of the World Health Organization (WHO) have organized wide-ranging public advocacy actions in collaboration with Member States, communities, health workers, partner and donor agencies and civil society organizations.

    The unprecedented global action to defend maternal and newborn health care services highlights the importance of protecting critical maternal, newborn health related services that are increasingly under threat of funding challenges affecting the global health sector.
     

    World Health Day 2025 actions by WHO offices

    African Region

    • Angola launched a dynamic Facebook live event and media campaign with UNICEF and UNFPA and partners.
    • Burundi orchestrated a 10-day celebration featuring refugee clinic visits, school disease screenings, and maternal health workshops.
    • Central African Republic hosted a presidential-level celebration launching maternal health roadmap with nationwide media coverage.
    • Chad mobilized 250 UN volunteers for the campaign, culminating in a ministerial ceremony and refugee camp celebrations.
    • Republic of the Congo featured a high-profile Walk the Talk event with the Regional Director to launch a maternal death management system, among other events.
    • Comoros held a joint event with the Directorate of Family Health.
    • Côte d’Ivoire spotlighted reproductive health of disabled women through powerful exhibitions and data showcases.
    • Eritrea conducted knowledge competitions and community visits to maternal waiting homes led by Minister of Health, among other events.
    • Eswatini organized community dialogues on maternal issues with strategic media placements across multiple platforms.
    • The Gambia commemorated through media engagements on national radio and TV networks.
    • Guinea implemented nationwide vaccination campaigns alongside free consultations and high-level advocacy efforts.
    • Lesotho engaged the Prime Minister in a community event complemented by university debates and a scientific symposium.
    • Liberia held a Walk the Talk event with the Ministry of Health.
    • Madagascar combined official ceremonies with free health care services, video broadcasts, among many other activities including an energetic Zumba fitness event.
    • Malawi delivered a bilingual media campaign featuring the Minister of Health addressing maternal and neonatal health priorities.
    • Mali showcased perinatal clinic facilities through an official ceremony and comprehensive media coverage.
    • Mauritania blended cultural performances with scientific panels on reproductive health in a high-impact ceremony.
    • Nigeria: WHO Nigeria, MOH and partners organized a walk to sensitize on improving maternal and newborn health, ending preventable deaths, and prioritizing women’s long-term well-being.
    • South Sudan: amidst the ongoing security concerns, no public events were held but advocacy messages were disseminated.
    • Republic of Sierra Leone facilitated the First Lady’s visit to a maternal hospital alongside diplomatic tours of health monitoring facilities.
    • South Africa produced impact videos and coordinated joint statements with the National Department of Health across media platforms.
    • Uganda published compelling human-interest stories on maternal health alongside policy dialogues and community health check-ups, among many other events (see here).
    • Zambia released a presidential video message highlighting maternal health partnerships and community outreach initiatives (also see here and here).
    • Tanzania: WHO joined the Ministry of Health and partners for the climax of National Health Week.

    WHO Region of the Americas/Pan American Health Organization

    • The Bahamas launched the SIP+ maternal health initiative through a strategic press conference and social media campaign.
    • Belize hosted a media breakfast with the Ministry of Health featuring targeted video content for multiple platforms.
    • Chile partnered with the Ministry of Health for a nationwide campaign launch with sustained media presence.
    • Colombia showcased traditional midwifery alongside technical experts in a ministerial panel on maternal mortality reduction.
    • Cuba celebrated zero maternal deaths in Villa Clara province through a festival and a multi-agency scientific symposium.
    • Guatemala secured vice presidential participation for a high-profile campaign launch at the national palace.
    • Guyana transformed the Rosignol Health Centre into a community hub with a health fair and live social media coverage (also see here).
    • Haiti launched a National Health Week with the Prime Minister featuring themed days and nationwide health fairs.
    • Suriname combined a public health fair with a technical forum on Perinatal Health Information System implementation.
    • Trinidad and Tobago placed strategic advertorials in major newspapers highlighting SIP implementation success.

    WHO Eastern Mediterranean Region

    • Bahrain coordinated joint UN-Ministry of Health events with a cross-platform media campaign, among other events (see here and here).
    • Djibouti celebrated the dual milestone of World Health Day and 40 years of WHO presence with a maternal health focus.
    • Jordan launched a Let’s talk about health video from the WHO country office staff to share insights and inspire change.
    • Iraq designed a comprehensive Health Week with daily themes engaging youth, media, and community volunteers.
    • Kuwait secured prime national TV coverage with coordinated social media messaging (see here and here).
    • Oman mobilized a multi-ministry response integrating higher education institutions in maternal health initiatives.
    • Pakistan engaged government officials in high-visibility events complemented by human interest stories and op-eds.
    • Tunisia implemented Health Champions Week featuring centre visits and a bilingual media campaign.

    WHO European Region

    • Republic of Armenia combined provincial and ministerial leadership in a women’s health event with national TV coverage.
    • Republic of Azerbaijan inaugurated a cutting-edge simulation laboratory at Azerbaijan Medical University with national television coverage.
    • Bosnia and Herzegovina distributed ministerial certificates alongside strategic op-eds in local newspapers.
    • Bulgaria honoured Bulgarian nurses through a campaign supporting a new national nursing strategy with UNICEF amplification.
    • Cyprus launched the National Mental Health Strategy alongside breastfeeding advocacy initiatives.
    • Czechia leveraged World Health Day to amplify a national alcohol action plan through high-profile press events.
    • Estonia published influential op-eds supporting early childhood vaccination with a multi-stakeholder social media campaign.
    • Hellenic Republic unveiled WHO European Quality Standards for child/youth mental health services with expert consultation.
    • Hungary launched a targeted campaign on heatwave impacts during pregnancy featuring expert recommendations.
    • Kazakhstan mobilized the Ministry of Health and Astana Medical University for a dynamic Walk the Talk event.
    • Kyrgyz Republic engaged university students through specialized talks on maternal and newborn health priorities.
    • Montenegro secured a national television interview alongside a smoking cessation initiative for pregnant women.
    • North Macedonia combined a media briefing with a doctors’ association and prime-time national TV news coverage.
    • Republic of Moldova produced a national TV health series complemented by school campaigns and a breastfeeding caravan.
    • Romania showcased kangaroo mother care through a strategic partners exhibition and technical roundtables.
    • Serbia illuminated Belgrade Tower with campaign messaging alongside prime-time media interviews.
    • Türkiye lit the iconic Atakule landmark while hosting a university seminar with the Ministry of Health and UN agencies.
    • Turkmenistan organized a bicycle marathon and youth dialogue with health network members.
    • Republic of Uzbekistan unveiled a maternal health mural at the National Center of Mother and Child with a influencer video series.

    WHO South-East Asia Region

    • Bangladesh hosted a national event at Osmani Memorial Auditorium with a newspaper supplement and district-level activities.
    • Bhutan combined a team-building hike with a celebration featuring video messages from the Minister of Health.
    • India showcased achievements in reducing maternal and child mortality rates through a regional webinar (also see here).
    • Indonesia celebrated 75 years of WHO partnership through an online talk show and targeted social media campaign.
    • Nepal highlighted mortality rate reductions through ministerial messages and video testimonies.
    • Sri Lanka delivered a specialized webinar series on maternal health topics with technical policy briefs.
    • Thailand focused on preterm infant care through a Department of Health event featuring regional voices.
    • Timor-Leste launched the Every Newborn Action Plan alongside a Ministry of HealthWHO exhibition and technical seminar.

    WHO Western Pacific Region

    • Cambodia connected health workers nationwide through a virtual gathering with parliamentary engagement.
    • China secured ministerial leadership for a National Health Commission event featuring the Director-General’s video remarks.
    • Lao People’s Democratic Republic published a joint WR/Minister of Health opinion piece with a planned UN partner MCH event.
    • Mongolia simultaneously launched the Healthy Newborn Initiative and the Cervical Cancer Elimination Programme.
    • Independent State of Papua New Guinea implemented a comprehensive activity series including regulatory workshops and violence prevention initiatives.
    • South Pacific coordinated a joint release with regional partners while launching the WHO South Pacific LinkedIn platform.
    • Solomon Islands celebrated maternal and child health achievements with medical workers and ministry officials.
    • Socialist Republic of Viet Nam partnered with the Young Physicians Association for a Hanoi event with strategic opinion pieces in the national media.

    Worldwide actions exemplified above, among many others, generate a strong response to the global call issued by UN agencies on World Health Day, raising alarm on the threat of major backsliding of maternal and newborn health.

    World Health Day 2025 marks WHO’s 77th birthday and kicks off a year-long campaign on maternal and newborn health. WHO urges governments and the health community to ramp up efforts to end preventable maternal and newborn deaths, and to prioritize women’s longer-term health and well-being.

    MIL OSI United Nations News

  • MIL-OSI: Notification on the Issuance of a Building Completion Certificate

    Source: GlobeNewswire (MIL-OSI)

    UAB “Orkela”, legal entity code 304099538, registered address Jogailos g. 4, Vilnius, Republic of Lithuania (hereinafter – the Issuer), whose securities (hereinafter – the Bonds) are included and traded on the Nasdaq bond list, and which are also publicly offered under the base prospectus approved by the Bank of Lithuania on 14 November 2023 (hereinafter – the Prospectus), hereby informs of the following:

    The Issuer announces that a building completion certificate has been issued for the buildings developed under the Issuer’s project located at Vasario 16-osios g. 1, with  adresses  Vasario 16-osios g. 1, Vasario 16-osios g. 3, Vasario 16-osios g. 7 and Vasario 16-osios g. 9 in Vilnius. This marks an important milestone in the implementation of the project and enables the use of the buildings according to their intended purpose.

    It should be noted that the building completion certificate for the hotel building at Vasario 16-osios g. 5, Vilnius , which is also part of the same project, is expected in the summer. Fit-out works are currently ongoing in the hotel building.

    Director

    Anastasija Pocienė

    The MIL Network

  • MIL-OSI Europe: Strengthening Transparency: OSCE workshop on Removing Administrative Barriers Contributing to Corruption

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: Strengthening Transparency: OSCE workshop on Removing Administrative Barriers Contributing to Corruption

    Anti-corruption expert Dr. Raimundas Kalesnykas, Director of the Institute of Professional Development of Law Enforcement Academy Marat Abdrakhmanov, and Senior Economic and Environmental Officer at the OSCE Programme Office in Astana Nuraddin Murshudlu at the opening of the workshop “Removing Administrative Barriers Contributing to Corruption” held on 8–9 April 2025 in Kosshy. (OSCE/Assylbek Assylkhanov) Photo details

    On 8–9 April 2025, the OSCE Programme Office in Astana, in collaboration with the Law Enforcement Academy under the Prosecutor General’s Office of the Republic of Kazakhstan, organized a training workshop “Removing Administrative Barriers Contributing to Corruption” for law enforcement agencies. The training event focused on removing administrative barriers that contribute to corruption and enhancing institutional transparency.
    The workshop convened 21 participants, including 9 women and 12 men, from the Anti-Corruption Agency, the Financial Monitoring Agency, and the Prosecutor General’s Office of Kazakhstan. It provided a platform for open discussion and knowledge sharing, emphasizing international best practices, case studies, and tools to develop national anti-corruption strategies.
    Dr. Raimundas Kalesnykas, an international expert and head of the Lithuanian National Anti-Corruption Association, led the two-day training event, which covered topics such as corruption risk identification, regulatory reforms, optimization of administrative procedures, and digitalization of public services. Participants actively engaged in group works aimed at developing corruption prevention programmes tailored to the national context.
    The sessions explored how systemic transparency and accountability mechanisms, together with strong institutional leadership, are essential for eliminating opportunities for corruption in public administration. The organizers placed special attention on the use of global indices and data-driven tools to assess the effectiveness of anti-corruption policies.
    Group exercises resulted in the presentation of practical recommendations on how to reduce corruption risks by removing administrative obstacles in licensing, procurement, and public service delivery.
    Ms. Arailym Rashitova, Senior Officer, Department for Co-ordination of Analytical and Methodological Support, Prevention Service of the Anti-Corruption Agency, emphasized the value of the event: “This training offered an opportunity to deepen our understanding of how administrative practices can inadvertently enable corruption. By learning from international experience and tailoring solutions to Kazakhstan’s context, we are better equipped to pursue sustainable institutional reforms”.
    The event reaffirmed the OSCE Programme Office in Astana’s commitment to strengthening Kazakhstan’s capacity in good governance and the rule of law by fostering professional development and strategic dialogue that contribute to a more robust and transparent public administration landscape.

    MIL OSI Europe News

  • MIL-OSI USA: Two Men Sentenced in Largest-Ever Bird Mount Trafficking Case

    Source: US State of Vermont

    $900,000 Fine is One of the Largest Ever Ordered for an Endangered Species Act Case

    A federal judge in Brooklyn today sentenced two men for trafficking protected birds and eggs into the United States in violation of the Endangered Species Act (ESA).

    Dr. John Waldrop of Cataula, Georgia, was ordered to pay a $900,000 fine — one of the largest-ever for an ESA case — and serve three years of probation. Toney Jones of Eufala, Alabama, was sentenced to six months of probation. Waldrop pleaded guilty in August 2024 to conspiracy to smuggle wildlife and ESA violations, while Jones pleaded guilty to an ESA charge.

    According to court documents and statements made in court, Waldrop amassed an extensive collection of 1,401 taxidermy bird mounts and 2,594 eggs which included:

    • Four eagles protected by the Bald and Golden Eagle Protection Act,
    • 179 bird and 193 egg species listed in the Migratory Bird Treaty Act, and
    • 212 bird and 32 egg species covered by the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). This included incredibly rare specimens like three eggs of the Nordmann’s Greenshank, an Asian shorebird with only 900 to 1,600 remaining birds in the wild; no North American museum has any Nordmann Greenshank eggs in their collection.

    “Waldrop’s gigantic and rare bird collection was bolstered in part by illegal imports, where he and his enlisted co-conspirators intentionally avoided permit and declaration requirements,” said Acting Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division (ENRD). “We applaud the efforts of the various federal and state law enforcement entities in investigating and prosecuting this case.”

    “The scale of this investigation underscores the critical importance of protecting our natural resources,” said Assistant Director Douglas Ault of U.S. Fish and Wildlife Service (USFWS) Office of Law Enforcement. “Waldrop’s collection included thousands of bird specimens and eggs, many of which are among the rarest in the world. This is one of the largest bird trafficking cases in history, and the commercialization of species protected under the Bald and Golden Eagle Protection Act, the Migratory Bird Treaty Act, and CITES highlights the conservation impact of Waldrop’s crimes. We at the U.S. Fish and Wildlife Service Office of Law Enforcement are unwavering in our commitment to safeguarding wildlife for future generations. We will remain vigilant and will continue to hold accountable those who exploit our shared natural resources for personal gain.”

    Photo of birds and other mounts, from the sentencing memo in United States v. John Waldrop, et al., 1:23-cr-00378 in U.S. District Court for the Eastern District of New York.
    Photo of a portion of Waldrop’s egg collection, from the sentencing memo in United States v. John Waldrop, et al., 1:23-cr-00378 in U.S. District Court for the Eastern District of New York.

    Between 2016 and 2020, Waldrop imported birds and eggs without the required declarations and permits. After USFWS inspectors at John F. Kennedy International Airport and elsewhere intercepted several shipments, Waldrop recruited Jones, who worked on his Georgia farm, to receive the packages. Jones also deposited approximately $525,000 in a bank account that Waldrop then used to pay for the imports and hide his involvement. Waldrop and Jones used online sales sites such as eBay and Etsy to buy birds and eggs from around the world, including Germany, Hungary, Iceland, Italy, Lithuania, Malta, Russia, South Africa, the United Kingdom, and Uruguay.

    Waldrop forfeited his collection. The USFWS National Fish and Wildlife Forensics Lab examined the items and determined it to be the largest seizure of bird mounts in their 37-year history. The ESA requires that all wildlife imports be declared to USFWS and have required permits, including species protected by CITES.

    Photos of a freshly killed Roseate Spoonbill (left) and mount from Waldrop’s collection (right), from the sentencing memo in United States v. John Waldrop, et al., 1:23-cr-00378 in U.S. District Court for the Eastern District of New York.

    The USFWS Office of Law Enforcement in Valley Stream, New York, conducted the investigation as part of Operation Final Flight. The operation focused on the trafficking of protected birds into the United States. The U.S. Postal Inspection Service, U.S. Customs and Border Protection, and Alabama Department of Conservation and Natural Resources assisted with the investigation.

    Senior Trial Attorney Ryan Connors of ENRD’s Environmental Crimes Section and Assistant U.S. Attorney Anna Karamigios for the Eastern District of New York prosecuted the case.

    MIL OSI USA News

  • MIL-OSI Security: Two Men Sentenced in Largest-Ever Bird Mount Trafficking Case

    Source: United States Attorneys General 7

    $900,000 Fine is One of the Largest Ever Ordered for an Endangered Species Act Case

    A federal judge in Brooklyn today sentenced two men for trafficking protected birds and eggs into the United States in violation of the Endangered Species Act (ESA).

    Dr. John Waldrop of Cataula, Georgia, was ordered to pay a $900,000 fine — one of the largest-ever for an ESA case — and serve three years of probation. Toney Jones of Eufala, Alabama, was sentenced to six months of probation. Waldrop pleaded guilty in August 2024 to conspiracy to smuggle wildlife and ESA violations, while Jones pleaded guilty to an ESA charge.

    According to court documents and statements made in court, Waldrop amassed an extensive collection of 1,401 taxidermy bird mounts and 2,594 eggs which included:

    • Four eagles protected by the Bald and Golden Eagle Protection Act,
    • 179 bird and 193 egg species listed in the Migratory Bird Treaty Act, and
    • 212 bird and 32 egg species covered by the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). This included incredibly rare specimens like three eggs of the Nordmann’s Greenshank, an Asian shorebird with only 900 to 1,600 remaining birds in the wild; no North American museum has any Nordmann Greenshank eggs in their collection.

    “Waldrop’s gigantic and rare bird collection was bolstered in part by illegal imports, where he and his enlisted co-conspirators intentionally avoided permit and declaration requirements,” said Acting Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division (ENRD). “We applaud the efforts of the various federal and state law enforcement entities in investigating and prosecuting this case.”

    “The scale of this investigation underscores the critical importance of protecting our natural resources,” said Assistant Director Douglas Ault of U.S. Fish and Wildlife Service (USFWS) Office of Law Enforcement. “Waldrop’s collection included thousands of bird specimens and eggs, many of which are among the rarest in the world. This is one of the largest bird trafficking cases in history, and the commercialization of species protected under the Bald and Golden Eagle Protection Act, the Migratory Bird Treaty Act, and CITES highlights the conservation impact of Waldrop’s crimes. We at the U.S. Fish and Wildlife Service Office of Law Enforcement are unwavering in our commitment to safeguarding wildlife for future generations. We will remain vigilant and will continue to hold accountable those who exploit our shared natural resources for personal gain.”

    Photo of birds and other mounts, from the sentencing memo in United States v. John Waldrop, et al., 1:23-cr-00378 in U.S. District Court for the Eastern District of New York.
    Photo of a portion of Waldrop’s egg collection, from the sentencing memo in United States v. John Waldrop, et al., 1:23-cr-00378 in U.S. District Court for the Eastern District of New York.

    Between 2016 and 2020, Waldrop imported birds and eggs without the required declarations and permits. After USFWS inspectors at John F. Kennedy International Airport and elsewhere intercepted several shipments, Waldrop recruited Jones, who worked on his Georgia farm, to receive the packages. Jones also deposited approximately $525,000 in a bank account that Waldrop then used to pay for the imports and hide his involvement. Waldrop and Jones used online sales sites such as eBay and Etsy to buy birds and eggs from around the world, including Germany, Hungary, Iceland, Italy, Lithuania, Malta, Russia, South Africa, the United Kingdom, and Uruguay.

    Waldrop forfeited his collection. The USFWS National Fish and Wildlife Forensics Lab examined the items and determined it to be the largest seizure of bird mounts in their 37-year history. The ESA requires that all wildlife imports be declared to USFWS and have required permits, including species protected by CITES.

    Photos of a freshly killed Roseate Spoonbill (left) and mount from Waldrop’s collection (right), from the sentencing memo in United States v. John Waldrop, et al., 1:23-cr-00378 in U.S. District Court for the Eastern District of New York.

    The USFWS Office of Law Enforcement in Valley Stream, New York, conducted the investigation as part of Operation Final Flight. The operation focused on the trafficking of protected birds into the United States. The U.S. Postal Inspection Service, U.S. Customs and Border Protection, and Alabama Department of Conservation and Natural Resources assisted with the investigation.

    Senior Trial Attorney Ryan Connors of ENRD’s Environmental Crimes Section and Assistant U.S. Attorney Anna Karamigios for the Eastern District of New York prosecuted the case.

    MIL Security OSI

  • MIL-OSI Europe: Briefing – Powering national financial instruments with Next Generation EU – 09-04-2025

    Source: European Parliament

    In the EU context, financial instruments represent measures for financial support provided from the EU budget – in addition to traditional grants – to address one or more specific EU policy objectives. While these instruments can take various forms, they are largely grouped into equity investments, loans or guarantees, and can be used in combination with grants. In policymaking, financial instruments are of great value, as they produce a leverage effect that unlocks public and – most importantly – private resources beyond the initially invested capital. Financial instruments can be set up at different levels of governance. The Next Generation EU (NGEU) recovery instrument, worth up to €712 billion, was set up to help Member States emerge more resilient from the pandemic while fostering the green and digital transitions. It does so through its main spending tool – the Recovery and Resilience Facility (RRF) –in the form of grants and loans. Moreover, NGEU combines loans and grants, which maximises the value added of this EU policy response focused on recovery and resilience. Through the individual national recovery plans that Member States needed to develop to tap into the RRF, NGEU can finance, among other projects, investment and reform measures creating national financial instruments. These measures address – to a varying extent – the country-specific recommendations that are relevant to financial instruments. The six selected reform measures range from strengthening capital markets in Slovenia to adopting laws allowing the use of guaranteed loans to improve energy efficiency in Greece. The 13 chosen investment measures, amounting to roughly €13.9 billion, include equity growth instruments for businesses in Bulgaria, financial instruments for digital innovation in Latvia, and guarantees for student loans in France. Eight Member States have not introduced financial instrument measures in their recovery plans, since this is not a requirement. Experts emphasise that the RRF has led to the uptake of some financial instruments, particularly regarding energy efficiency, which was deemed a positive trend.

    MIL OSI Europe News

  • MIL-OSI Global: Press freedom linked to greater financial stability, finds global study

    Source: The Conversation – UK – By George Kladakis, Lecturer in Finance, University of St Andrews

    Press freedom is widely considered to be a cornerstone of democracy. It brings accountability, transparency and access to reliable information.

    But beyond its democratic role, press freedom is also a vital part of a stable economy. Research has shown that it acts as a kind of financial watchdog, ensuring balance and accuracy.

    In doing so, an independent press strengthens the resilience of financial institutions. And our research suggests that higher levels of press freedom can also be linked to greater financial stability and lower “systemic risk” – where something bad happening at one company can trigger wider instability or even industry collapse – in the banking sector.

    Using data from 47 countries, we found that an independent press brings greater scrutiny of banking executives. Another benefit is a better flow of information around the financial markets, making the whole system more efficient.

    Countries with higher levels of press freedom are also more likely to foster corporate and political cultures that are free from the sort of corruption which could jeopardise the stability of the banking sector. All of these advantages are most pronounced during economic downturns or banking crises.

    And even outside times of crisis, we can see the positive effects by looking at basic financial indicators in countries with high and low press freedom levels. Countries with consistently high levels of press freedom such as Norway, Sweden or Estonia, for example, have far fewer non-performing (unrepaid) loans than countries with low levels of press freedom such as Pakistan, Greece or Russia.

    But a free press and a stable banking industry are by no means the norm.

    Recent data from the campaign group Reporters Without Borders highlights a worrying decline in media autonomy. It reports that 135 out of 180 countries now have press freedom levels classified as “problematic”, “difficult” or “very serious”.

    This trend extends to advanced economies such as Japan (70th, down from 68th in 2023), Italy (46th, down from 41st), and the US (55th, down from 45th).

    And it looks like the world’s largest economy could slip down the rankings even further. Although President Trump signed an executive order aimed at “restoring freedom of speech”, he has also explicitly threatened to revoke broadcast licenses, investigate critical media and jail journalists who protect confidential sources.

    In February 2025, White House officials even informed one US news agency that its journalists would be barred from entering the Oval Office until it stopped using the geographic term “Gulf of Mexico” instead of Trump’s preferred “Gulf of America”.

    But the Trump effect is not limited to the US. A recent aid freeze by his administration has cut billions in funding for independent media outlets across more than 30 countries, including Ukraine, Afghanistan and Iran.

    Press test

    Notable declines in press freedom have also been observed in politically volatile regions such as Latin America, Africa, the Middle East and central Asia, where authoritarian regimes continue to tighten their grip on the media.

    The survey from Reporters Without Borders suggests that governments across the world are failing to protect journalism, with a marked trend of declining press freedom.

    In 2014, 13% of countries enjoyed a “good” degree of press freedom, but this figure dropped to 7% by 2021 and then to just 4.4% in 2022. Conversely, the share of countries in the lowest classifications has risen dramatically. A decade ago, 8% were considered “difficult”, now that figure is 24%. The number of those with a “very serious” situation has gone from 8% to 17% in the same period.




    Read more:
    White House spat with AP over ‘Gulf of America’ ignites fears for press freedom in second Trump era


    Of course, there are outliers in the global picture. China, for example, has limited press freedom but a very stable banking sector that has been highly resilient to external shocks in the past. But the country is run by an authoritarian regime that helps to shield its banks from those kinds of risks.

    Elsewhere though, the decline in press freedom threatens not just democratic principles and political transparency, but also the operation of financial markets. Safeguarding that freedom is a critical basis of economic resilience and stability.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Press freedom linked to greater financial stability, finds global study – https://theconversation.com/press-freedom-linked-to-greater-financial-stability-finds-global-study-248207

    MIL OSI – Global Reports

  • MIL-OSI Security: Chair of the NATO Military Committee visits Albania

    Source: NATO

    On Wednesday 9th April, the Chair of the NATO Military Committee (CMC), Admiral Giuseppe Cavo Dragone, visited Albania and met with the highest political and military leadership. Admiral Cavo Dragone’s visit followed the 16th anniversary of the country joining the Alliance. He also delivered a lecture to the Defence Security College in Tirana.

    CMC met with the Chief of the General Staff of the Albanian Armed Forces, Lieutenant General Arben Kingji, where the discussions focused on Albania’s valuable contribution to Alliance’s shared security. CMC took the opportunity to praise Albania for “its steadfast contribution to NATO’s multinational forces in Latvia and Bulgaria, to NATO’s KFOR peacekeeping mission in Kosovo, and to NATO’s mission in Iraq.” CMC highlighted that Albania has continuously expanded its role within the Alliance, increased its contributions, and trained officers and NCOs capable of operating in multinational environments.

    Afterwards, Admiral Cavo Dragone met with Minister of Defence Pirro Vengu. CMC welcomed Albania’s efforts to invest more in defence and its continued support for Ukraine, including pledges of humanitarian and military aid.

    During his visit, the CMC met with President Bajram Begaj and Prime Minister Edi Rama. The conversations revolved around Albania’s commitment to invest more in defence, its engagement to promoting stability and cooperation across the Western Balkans; a region of strategic importance to NATO. Preparations for the upcoming NATO Summit in The Hague were also discussed.

    Speaking at the Defence Security College in Tirana, Admiral Cavo Dragone also thanked Albania for its politico-military role in NATO: “The Alliance needs leaders capable of taking difficult, but bold decisions in challenging times” and “Albania is no stranger to this kind of leadership.”

    MIL Security OSI

  • MIL-OSI Europe: Written question – Language policy in Latvia – E-001312/2025

    Source: European Parliament

    Question for written answer  E-001312/2025
    to the Commission
    Rule 144
    Siegbert Frank Droese (ESN)

    • 1.What does the Commission make of the Latvian Government’s decision to ban Russian in public service broadcasting from 2026?
    • 2.How does the Commission view this decision, particularly in the context of the 1992 European Charter for Regional or Minority Languages?
    • 3.How does the Commission define the group affected – ‘Russian minority’, ‘Russian-speaking minority’, ‘Russians in Latvia’ or another term?

    Submitted: 31.3.2025

    Last updated: 9 April 2025

    MIL OSI Europe News

  • MIL-OSI USA: Chairman Aguilar: Republican incompetence is crashing the economy with reckless tariffs

    Source: US House of Representatives – Democratic Caucus

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI – April 08, 2025

    WASHINGTON, D.C. — Today, House Democratic Caucus Chair Pete Aguilar and Vice Chair Ted Lieu were joined by Representatives Adam Gray, Tim Kennedy and Andrea Salinas for a press conference on the reckless Republican tariffs that are crashing the economy and draining the retirement accounts of Americans.

    CHAIRMAN AGUILAR: Good morning. Pleased to be joined with Representatives Gray, Kennedy and Salinas here today. On behalf of the Vice Chair and I, we also are pleased to welcome the Los Angeles Dodgers to the Washington, D.C. area. Look forward to catching a game this homestand.

    Donald Trump has imposed the largest tax increase in 50 years on every single American. Republican incompetence is crashing the economy with reckless tariffs and bleeding the accounts, the retirement accounts, of Americans dry. We’re watching a global recession take hold because of the boneheaded policies of one person—which will cause hardworking people to lose their jobs, potentially lose their homes and their health care. At the same time, Republicans in Congress are preparing to cut Medicaid by $880 billion so they can give a massive tax cut to billionaires. They are telling us with a straight face—that the economic growth will pay for these tax breaks—while the economy is in a tailspin. The truth is, passing the Republican budget would be a death blow to the American economy. And the people that get caught in the crossfire of this Republican Recession will be hurt the most by Medicaid as a tool that Republicans want to chip away at. Congress needs to take away the keys of economic policies like tariffs from this incompetent Administration and restore some stability to the economy. House Democrats are going to continue to prioritize the economic needs of the American people by working to bring down costs, make health care more affordable and looking out for everyday Americans. With that, I’ll turn it over to Vice Chair Ted Lieu.

    VICE CHAIR LIEU: Thank you, Chairman Aguilar. As an American and as a veteran, my heart goes out to the four U.S. soldiers who tragically died in an accident in Lithuania. The Lithuanian President did a very dignified ceremony for those four U.S. soldiers. And when those four soldiers’ caskets landed at Dover Air Force Base last Friday, at a transfer ceremony, U.S. officials greeted them, elected officials greeted them, but Donald Trump was not there. Donald Trump instead chose to go to a golf tournament, and I’m just going to read to you what one of the persons at this ceremony said. He deployed to Iraq. His name is Blythe Potter. He’s a Military Police Corps veteran. He said, ‘I have never been so embarrassed to be an American.’ President Trump should have been at that transfer ceremony for the four fallen U.S. soldiers, instead of at his golf tournament. 

    I now want to also echo what Chairman Aguilar said about the tariffs. They are a tax on the American consumer. As all of you know, the way tariffs work is when the foreign products come to our ports, the American company that imported those products pays the tariff, not the foreign country. And what happens when this American company pays that tariff? Well, they’re going to pass on those costs to the consumer and the prices are going to increase. And poll after poll, we see that the overwhelming majority of American people oppose tariffs. There are ways to try to make competition more fair, but let’s not do it by increasing prices on Americans.

    And their estimates, it’s going to be about $3,800 per family in terms of increased costs. And then let me also now congratulate Susan Crawford for winning the Wisconsin Supreme Court race last week. What we saw there was the world’s wealthiest man, Elon Musk, tried to buy the election, spending over $20 million, and the people of Wisconsin figured that out, and they overwhelmingly elected Susan Crawford. So, what was once Elon Musk’s greatest asset, his money, has now become his greatest liability because the people now understand that he’s trying to buy elections, and they overwhelmingly vote against that.

    And then the Hands Off protests that we saw this past weekend were amazing. The American people are waking up, that Trump and Republicans’ policies are harming our nation. So now it is my honor to introduce my friend Adam Gray, who I had the honor of serving with in the California State Legislature. So thrilled he is now in Congress and represents the Central Valley.

    REP. GRAY: Good morning, and thank you Chairman Aguilar and Vice Chair Lieu for inviting me to speak with you this morning. I represent California’s San Joaquin Valley, the world’s largest agricultural region. The President’s recent announcement of tariffs on our global trade partners poses a serious risk to farmers in the San Joaquin Valley and across the country. The last time blanket tariffs went into effect under President Trump’s first administration, California farmers lost an estimated $683 million in crop revenue. The most significant losses were concentrated in tree nuts and dairy products, among others, which are top exports from the San Joaquin Valley. 

    In fact, the California delegation recently received a letter from ag industry leaders in California pleading with Congress to support common-sense measures that will protect fair competition for their products and defend our nation’s food supply. This group of producers represent more than 400 commodities and billions of dollars of revenue. They warn of uncertain market conditions, disrupted business operations, increased costs associated with retaliatory tariffs. This all poses a significant risk to family-owned farms, which account for over 95% of American agricultural operations. I grew up in the ag industry. My family owned and operated a dairy supply store. My grandparents grew pistachios. Like many Valley families, I know personally how tight budgets are. I know how one bad season can derail an operation for years. These aren’t just individual farmers or business owners who will lose jobs or shutter businesses. These are entire communities like mine in the Central Valley who rely on the ag industry to power their economy. 

    Rather than work with Congress to make precise, strategic changes to our trade policy, the President has decided to impose sloppy, blanket tariffs and stuck American farmers with the bill. I’m ready to work with anyone and everyone who is serious about rising above partisan politics to protect our ag communities from the impacts of tariffs. We must do something now. Our farmers deserve it. Our communities deserve it. With that, I’m happy to introduce my colleague, Representative Tim Kennedy.

    REP. KENNEDY: Morning. First, I want to thank Democratic Caucus Chair Pete Aguilar and Vice Chair Ted Lieu for not only bringing us together this morning, but for their continued leadership on this issue and so many other issues. Before Trump’s tariffs plunged us and the entire world into chaos. Western New Yorkers that I represent were sounding the alarm on the President’s trade war. As a representative of a border community in Buffalo in the Niagara region and the Co-Chair of the Northern Border Caucus, families in my region know how important our ties are with our Canadian neighbors. In my district, trade with Canada supports tens of thousands of jobs, nearly 30,000 jobs, and brings in over a half a billion dollars in purchases by Canadians every year. Across the border, there’s $1.3 trillion of commerce every single year, billions of dollars a day, supporting states all across the northern border, but all across our great country. Again, in Western New York, Canadians pour over the border, whether it’s going to a Bills game or a Sabres game or shopping or using our restaurants, sleeping at our hotels, over 40 percent of the 5 million enplanements out of the Buffalo Niagara International Airport are Canadian citizens.

    Our economies are reliant upon each other and benefit from the tremendous relationship that we have, economically, culturally, historically and presently. However, Trump’s tariffs are putting our hardworking families in Western New York at risk, and it’s hurting our entire national and international economy. Cross-border traffic is down by double digits from last year, robbing small businesses across the country of tourism dollars. Tariffs that are being put in place across the borders, these blanket tariffs, including on things like lumber, that are hurting homeownership, especially new homeowners. They’re also stymieing development and other industries, including steel fabrication, auto manufacturing, craft brewing, logistics. Every industry across the board is worrying about supply chain disruption, skyrocketing operating costs and keeping their employees on the payroll. Businesses are going to be hurt by these tariffs. Jobs are going to be lost in our country because of these tariffs, because our economy is so tightly intertwined with Canada’s. People in my district and across the country are being hit right in their pocketbook already. Meanwhile, Donald Trump is golfing at his own club while trillions of dollars are wiped away from American citizens and hardworking families and their retirements that they were dependent upon, as we risk this Republican Recession.

    But Trump’s tariffs aren’t just robbing folks of their retirement savings and driving up the cost of housing, groceries, clothes and gas, his indiscriminate blanket tariffs are putting our allies on the same playing field as our adversaries. Trump inherited an improving economy with low unemployment, and he crashed it. He inherited the strong alliance and friendships we have with Canada, with our European allies, with our global allies, and he crushed them. Trump’s tariffs sent a message to our friends and allies that we no longer are the reliable partners that they can depend upon, and hardworking families in Western New York and across the country are paying the price. They are setting our nation down a dangerous path of chaos, stealing from American families and jeopardizing our alliances, all to justify tax cuts for the richest Americans. This is wrong, and we’re not going to stand for it. We’re not going to sit back and hang tough like the president suggests we do. We’re going to continue to use our voices and demand an end to Trump’s tariffs and get back to work creating an economy that benefits all hardworking families across this great country. With that, I yield to a wonderful Representative Salinas.

    REP. SALINAS: Well, thank you, Chair Aguilar, Vice Chair Lieu and everyone for being here today. As my colleagues have already pointed out, President Trump’s tariffs have created chaos and uncertainty across the country and around the world. Many Americans have spent the last few days watching their retirement savings go up in smoke and bracing for a recession or possibly worse. But instead of doing something to stop the bleeding, Donald Trump spent the weekend, as has already been mentioned, playing golf with billionaires. In case there was any confusion about where his priorities are, he clearly is more interested in improving his golf game than improving the economy.

    Trump’s reckless and harmful approach to tariffs will devastate states like Oregon, where our economy relies heavily on trade. From wine to wood products, Oregon exports billions of dollars worth of homegrown goods every year and we import billions more. All things considered, Trump’s tariffs are going to raise taxes on Oregon businesses and families to a tune of about $7.5 billion per year. So, whether you’re a hazelnut grower in the Willamette Valley or a small business owner in Salem, hardworking Americans, not foreign countries, will end up footing the bill. And those costs add up. Experts have estimated that the average family will pay about $73 more per week, or close to $4,000 more per year for everyday necessities. It’s frankly reprehensible that this President is choosing, and I want to be clear, this is a choice, to play roulette with people’s hard-earned money, and roll the dice on whether our folks can afford food, pay the rent, send their kids to college or even retire right now.

    And don’t be fooled, this is not a market correction. It is a market disruption of the highest magnitude. I won’t stand for it. My colleagues will not stand for it. House Democrats are united in our opposition to Trump’s tariff tyranny, and we will continue to speak out against his attacks on working families. What we won’t do is let Republicans in Congress off the hook. They have the power to stop this, these tariffs, right now, and they’re refusing to fulfill their constitutional duty. Our message is clear: Democrats will not bow down to billionaires. We will fight back with everything we have to protect our constituents from the great Republican Rip Off. Thank you.

    Video of the full press conference and Q&A can be viewed here.

    ###

    MIL OSI USA News

  • MIL-OSI: Draft resolutions prepared by the Board for the shareholders’ meeting of Invalda INVL to be held on 30/04/2025

    Source: GlobeNewswire (MIL-OSI)

    The draft resolutions prepared by the Board of Invalda INVL (company code 121304349, registered office address Gynėjų str 14, Vilnius, Lithuania) are submitted to the Ordinary General Meeting of Shareholders to be held on 30 April 2025.

    The draft resolutions of the General Shareholders Meeting:
    1. Presentation of the public joint stock company Invalda INVL consolidated annual management report for 2024.
    Shareholders of the public joint stock company Invalda INVL are presented with the Consolidated Annual Management Report of the Company for 2024 (attached). There is no voting on this issue of agenda.

    2. Presentation of the independent auditor’s report on the financial statements and consolidated annual management report of the public joint stock company Invalda INVL.
    Shareholders of the public joint stock company Invalda INVL are presented with the independent auditor’s report on the financial statements and consolidated annual management report of the Company (attached). There is no voting on this issue of agenda.

    3. Approval of the consolidated and stand-alone financial statements for 2024 of the public joint stock company Invalda INVL.
    To approve the consolidated and stand-alone financial statements for 2024 of the public joint stock company Invalda INVL (attached).

    4. Resolution regarding profit distribution of the public joint stock company Invalda INVL.
    To approve the profit distribution of the joint-stock company Invalda INVL in accordance with the draft profit distribution proposed by the Board (attached).

    5. Decision on approval of the Remuneration Report of the public joint stock company Invalda INVL.
    To approve the Remuneration Report of the public joint stock company Invalda INVL for 2024 (included into the Consolidated Annual Report as Annex 4).

    6. Resolution regarding purchase of own shares of the public joint-stock company Invalda INVL.
    Until the day of the General Shareholders meeting the reserve for the purchase of own shares which is equal to EUR 9,100 thousand is not used.
    To use the reserve (a part of it) for the purchase of own shares and to purchase shares of Invalda INVL under these conditions:
    1) The goal for the purchase of own shares is to reduce the share capital of Invalda INVL by cancelling own shares acquired by the company and/or to fulfil the obligations related to the share option schemes (options) if it is decided to choose this method of granting shares.
    2) The maximum number of shares to be acquired – the nominal value of own shares may not exceed 1/10 of the share capital.
    3) The period during which the company may purchase its own shares – 18 months from the day of this resolution.
    4) The maximum and minimal one share acquisition price: the maximum one share acquisition price – value of consolidated equity per one share calculated according to the last publicly announced data of the consolidated equity of Invalda INVL before the decision of the Board is taken; minimum one share acquisition price is EUR 1.
    5) The conditions of the selling of the purchased shares and minimal sale price: Purchased own shares (including the shares acquired before the adoption of this decision) may be cancelled by the decision of the General Shareholders Meeting or by the decision of the Board granted the right to acquire the shares for the employees upon conditions of the Rules for Granting Equity Incentives. The acquired shares will not be sold and therefore no minimum selling price and no procedure for the sale of the shares are set.
    The Board of Invalda INVL is hereby mandated to:
    (i) To initiate a reduction of the Company’s share capital within the time limits specified by law if the nominal value of the own shares acquired and held exceeds 1/10 of the share capital.
    (ii) Subject to the conditions set out in this decision and the requirements of the Law on Companies of the Republic of Lithuania, take decisions regarding purchase of own shares of Invalda INVL, organise the purchase of own shares, determine the method, procedure and timing of the purchase of the shares, the number of shares and the price of the shares, and carry out any other actions relating to the purchase of own shares.
    As of the date of this resolution, the resolution of the Annual General Meeting of 30 April 2024 regarding the acquisition of own shares will expire.

    7. Resolution regarding the exercise of stock options granted to Invalda INVL Group employees in 2022.
    Pursuant to the decision of the General Meetings of Shareholders of 30 April 2022, on the basis of which stock option agreements on the acquisition of shares of Invalda INVL in 2025 were concluded with the employees of Invalda INVL and companies in which more than 50% of the shares are owned by Invalda INVL, to establish that the right of the employees to acquire the said shares is exercised by transferring to the employees own shares acquired by the company.
    To establish that, for the exercise of the stock options granted in 2022, the transfer price and the maximum number of own shares of the Company to be transferred shall be:
    A) If the shareholders’ meeting of 30 April 2025 does not approve the proposed distribution of profit and no dividends are allocated, up to a maximum of 40,862 units shall be transferred to the employees at a price per share of EUR 0.90, i.e. the purchase price of EUR 1 (one) set by the shareholders’ meeting of 30 April 2022 shall be reduced by the amount of the dividends paid prior to the signing of the share purchase agreement.
    B) If the shareholders’ meeting of 30 April 2025 approves the proposed distribution of profit and a dividend of EUR 1.25 per share is allocated, taking into account that the amount of dividends per share allocated from the date of conclusion of the option agreement to the date of signing the share purchase agreement exceeds the fixed acquisition price of EUR 1 (one), the shares shall be granted to the employees free of charge and the amount of the granted shares shall be converted in accordance with the following formula in order to preserve the economic rationale of the agreement for concluding the share purchase agreement: (0.35 (difference resulting from the payment of dividends since the conclusion of the option agreement) * number of shares allotted in 2022)/(EUR 18.80 (the higher of the closing price at the end of 2024 between the share market price and the NAV per share) – EUR 1.25 (dividends allocated)). The calculated number of shares is rounded according to mathematical rules. The number of shares to be transferred to the employees is recalculated in this way to 41,678 units.

    8. Resolution regarding the number of ordinary registered shares of Invalda INVL for which employees shall be offered stock options contracts during the year 2025 and regarding the price of the shares.
    It is offered for the employees of Invalda INVL and of the companies, in which Invalda INVL owns 50% or more  shares, during the year 2025 to sign stock options contracts, on the basis of which, according to the procedures and terms established in stock options contracts, in year 2028 employees will be able to exercise the right to acquire up to 100,000 ordinary registered shares of Invalda INVL of EUR 0.29 nominal value.
    To provide that the shares will be granted free of charge. If the company has declared dividends or paid out free funds per share prior to the grant of the shares, the number of shares to be granted will be recalculated in accordance with the following formula in order to preserve the economic logic of the share purchase agreement: (dividends granted per share at the General Shareholders Meetings in 2026, 2027 and 2028 and/or free funds disbursed per share in the period 2025 – 2028 prior to the grant of the shares) * number of shares allotted in 2025)/(the higher of the price at the end of 2027 between the share market price and the NAV per share – dividends declared at the General Shareholders Meeting in 2028 and/or free funds disbursed per share in the period 2028 prior to the grant of shares). If the shares are granted before the record date for the 2028 dividend, such dividends per share shall not be included in the conversion formula. The number of shares recalculated in accordance with this formula shall be deemed to be approved by the shareholders in accordance with the Rules for Granting Equity Incentives. If in 2028 newly issued shares are granted, the issue price per share will be equal to the nominal value of the share and it will be paid in full by Invalda INVL from the company’s reserve for granting shares.

    The person authorized to provide additional information is:
    Darius Šulnis, CEO of Invalda INVL
    Darius.Sulnis@invl.com

    Attachments

    The MIL Network

  • MIL-OSI: Audited results of Invalda INVL Group for 2024

    Source: GlobeNewswire (MIL-OSI)

    Invalda INVL reported equity of EUR 222 million at the end of December 2024, or EUR 18.48 per share. These figures were 25.4% and 25.3% higher, respectively, than a year earlier, including the dividends paid last year.

    In 2024, Invalda INVL earned an audited net profit of EUR 44.4 million, compared with EUR 45.8 million in 2023, when a strategically important merger of Invalda INVL group’s retail businesses with Šiaulių bankas was completed. From last year’s profit, the company proposes a dividend payout of EUR 15 million, or EUR 1.25 per share. The proposal will be put to a vote at the general meeting of shareholders on 30 April.

    “2024 was a successful and profitable year for our clients and for the Invalda INVL group. In a rapidly changing geopolitical and economic environment, we consistently focus our work on creating long-term value by investing, ensuring asset diversification and liquidity for our clients, and growing and strengthening the managed businesses to enhance their competitiveness,” says Darius Šulnis, the CEO of Invalda INVL.

    The group generated gains of EUR 157 million for its clients last year. Client assets under management grew by 17% during the year, reaching EUR 1.68 billion at the end of December 2024.

    Strategic core business: asset management and family office activities

    Invalda INVL’s revenue from the management of assets entrusted by its clients totalled EUR 14.1 million in 2024, 16.5% less than in 2023. The decline in the period of comparison reflects the exclusion of revenue from the retail business, which was transferred to Šiaulių Bankas in early December 2023.

    The 2024 profit of strategic core business of the group, which also includes the company’s own investments in the products it manages, amounted to EUR 17.8 million, compared with EUR 39.4 million in 2023.

    The activities of the INVL Baltic Sea Growth Fund (INVL BSGF) were among last year’s most significant events. In February 2024, the fund acquired the buckwheat producer and grain trader company Galinta, and near the end of the year the fund signed an agreement to acquire shares in Pehart Group, a leading producer of household and industrial paper products in Romania. The completion of that transaction will make Pehart Group the INVL BSGF’s 10th and the last investment. Also, a new milestone for the fund was launched: in March 2025, the INVL BSGF completed the sale of InMedica Group, private healthcare network, demonstrating the success of the fund’s strategy to build sector leaders. During the 6 years of the fund’s investment in InMedica Group, the company increased its revenues more than 15 times, and the group grew from 18 clinics to a network of 89 medical clinics, hospitals and laboratories.

    “The remaining portfolio companies of INVL Baltic Sea Growth Fund are also being successfully strengthened, and some are already being prepared for the sale. In 2025, we will focus on generating cash flows from the fund’s portfolio along with a solid return for our investors,” Darius Šulnis says.

    Last year the preparatory work was carried out for a second-generation private equity fund, which has begun operations in 2025. Having raised EUR 305 million, INVL Private Equity Fund II,  the largest private equity fund in the Baltics, has started operations, exceeding its target size in the first closing.

    Total revenues across the Invalda INVL group’s portfolio companies of private equity funds amounted to EUR 854 million in 2024, with EBITDA totalling EUR 207 million and combined 12,500 employees at year-end.

    The investment opportunities offered by Invalda INVL Group in global third country funds have also been well received by investors in the Baltic region. The INVL Partner Global Real Estate Fund I, established early last year, attracted USD 13.25 million from investors, while the INVL Partner Power Opportunities Fund, launched in September 2024, raised USD 24.71 million.

    The INVL Renewable Energy Fund I is due to complete its investment phase this year and prepare to manage power generation projects that will begin producing revenue. The fund’s team will also focus on realizing value, which may include the potential sale of projects. In 2025, work began on analyzing possible scenarios for the establishment of a second renewable energy fund with a broader infrastructure strategy.

    The INVL Sustainable Timberland and Farmland Fund II entered a new geographic market in 2024 with its acquisition of forests in Romania as the fund’s total portfolio of land and forest exceeded 20,000 hectares. This year the fund will focus on improving the quality of its portfolio, undertaking value-creating transactions and seeking to ensure a steady revenue generation and achieve the targeted return for investors.

    INVL Technology earned a net profit of EUR 8.1 million in 2024, 56.6 more than in 2023. The price of the company’s shares on the stock exchange rose nearly 70% last year. In mid-March 2024, INVL Technology announced that it had signed an agreement with an investment advisor and M&A intermediary for the sale of the company’s portfolio of businesses.

    INVL Baltic Real Estate, the real estate investment company, had a consolidated net profit of EUR 2.74 million last year, which is 3.9 times the figure for 2023.  INVL Baltic Real Estate completed the sale of a property holding in Latvia last year in a transaction valued at EUR 7.45 million.

    As of late 2024, INVL Asset Management became the manager of INVL Bridge Finance, a fund that is successfully operating in the private debt market.

    The INVL Family Office continued its successful activities in Lithuania and expanded operations in the other Baltic countries. The first clients are already being served in the Family Office representative offices in Latvia and Estonia.

    Equity investments

    Invalda INVL’s other equity investments, aside from the asset management, had a EUR 32.1 million impact on earnings in 2024.

    This result was positively influenced by the strong performance of the banks in which the company holds stakes, along with their growth in value and dividend payouts. Invalda INVL has investments in Šiaulių Bankas and in maib, Moldova’s largest bank.

    The positive impact of Šiaulių Bankas on Invalda INVL’s pretax profit, including dividend payments, was EUR 23.6 million. In 2024, the bank has successfully integrated the INVL retail business, moved forward with a business transformation to strengthen the bank, and, in April this year, announced plans to change its name to Artea. Šiaulių Bankas last year earned a record EUR 79.3 million net profit and half of it has allocated to dividends. The bank’s share price on the stock exchange rose 19% during 2024. 

    During the last year, maib once again delivered solid financial results in 2024, reflecting both resilience and sustainable growth in all business segments. The bank had an unaudited net profit of EUR 73.4 million last year and paid EUR 39.4 million in dividends. Maib made the positive influence of EUR 4.8 million on Invalda INVL’s pretax profit.

    Litagra, one of the largest agribusiness groups in Lithuania, has benefited from favourable market trends.  Since the second half of 2024, the company’s revenue, EBITDA and profit have recovered and increased. Litagra had a positive influence of EUR 3.3 million on Invalda INVL’s result for 2024.

    The person authorized to provide additional information is:
    Darius Šulnis, CEO of Invalda INVL
    Darius.Sulnis@invl.com

    Attachments

    The MIL Network

  • MIL-OSI: Convocation of the ordinary general shareholders meeting of Invalda INVL

    Source: GlobeNewswire (MIL-OSI)

    On the initiative and decision of the Board of the public joint stock company Invalda INVL the ordinary General Shareholders Meeting of the public joint stock company Invalda INVL (identification code 121304349, the registered address Gynėjų str. 14, Vilnius, Lithuania) is to be held on 30 April 2025 at 9:00 a.m. in the premises located in Gynėjų str. 14, Vilnius. Registration of the shareholders will start at 8:30 a.m.

    The total number of shares of the Company amounts to 12,299,375. Given that the Company has acquired its own shares, the total number of votes for the quorum of the General Meeting of Shareholders is 12,016,791. ISIN code of the shares of the Company is LT0000102279.

    The accounting day of the of General Meeting of Shareholders – 23 April 2025 (the persons who are shareholders of the Company at the end of accounting day of the General Meeting of Shareholders or persons authorized by them, or the persons with whom shareholders concluded the agreements on the disposal of voting right, shall have the right to attend and vote at the General Meeting of Shareholders).

    The day of accounting of rights is 15 May 2025.

    The agenda of the General Shareholders Meeting of Invalda INVL includes:
    1. Presentation of the public joint stock company Invalda INVL consolidated annual management report for 2024.
    2. Presentation of the independent auditor’s report on the financial statements and consolidated annual management report of the public joint stock company Invalda INVL.
    3. Approval of the consolidated and stand-alone financial statements for 2024 of the public joint stock company Invalda INVL.
    4. Resolution regarding profit distribution of the public joint stock company Invalda INVL.
    5. Decision on approval of the Remuneration Report of the public joint stock company Invalda INVL.
    6. Resolution regarding purchase of own shares of the public joint-stock company Invalda INVL.
    7. Resolution regarding the exercise of stock options granted to Invalda INVL Group employees in 2022.
    8. Resolution regarding the number of ordinary registered shares of Invalda INVL for which employees shall be offered stock options contracts during the year 2025 and regarding the price of the shares.

    The documents related to the agenda, draft resolutions on every item of agenda, documents what have to be submitted to the General Shareholders Meeting and other information related to the shareholders rights are published on the Company’s website www.invaldainvl.com, menu item Investor relations.

    Shareholders have the right:
    (i) to propose to supplement the agenda of the General Shareholders Meeting submitting draft resolution on every additional item of agenda or, then there is no need to make a decision – explanation of the shareholder (this right is granted to shareholders who hold shares carrying at least 1/20 of all the votes). Proposal to supplement the agenda is submitted in writing sending the proposal by registered mail to the Company at Gyneju str. 14, Vilnius, Lithuania, or delivered in person to the representative of the Company or by sending proposal to the Company by email info@invaldainvl.com. The agenda is supplemented if the proposal is received no later than 14 days before the General Shareholders Meeting;
    (ii) to propose draft resolutions on the issues already included or to be included in the agenda of the General Shareholders Meeting at any time prior to the date of the General Shareholders meeting (in writing, sending the proposal by registered mail to the Company at Gyneju str. 14, Vilnius, Lithuania, or delivered in person to the representative of the Company or by sending proposal to the Company by email info@invaldainvl.com) or in writing during the General Shareholders Meeting (this right is granted to shareholders who hold shares carrying at least 1/20 of all the votes);
    (iii) to submit questions to the Company related to the issues of agenda of the General Shareholders Meeting in advance but no later than 3 business days prior to the General Shareholders Meeting in writing sending the proposal by registered mail to the Company at Gyneju str. 14, Vilnius, Lithuania, or delivered in person to the representative of the Company or by sending proposal to the Company by email info@invaldainvl.com. The company reserves the right to answer to those shareholders of the Company who can be identified and whose questions are not related to the company’s confidential information or commercial secrets.

    Shareholder participating at the General Shareholders Meeting and having the right to vote, must submit documents confirming personal identity. Each shareholder may authorise either a natural or a legal person to participate and to vote on the shareholder’s behalf at the General Shareholders Meeting. A power of attorney issued by a natural person must be certified by a notary. The representative has the same rights as his represented shareholder at the General Shareholders Meeting. The authorized persons must have documents confirming their personal identity and power of attorney approved in the manner specified by law which must be submitted to the Company no later than before the commencement of registration for the General Shareholders Meeting. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by law. The Company does not establish special form of power of attorney.

    Shareholder is entitled to issue power of attorney by means of electronic communications for legal or natural persons to participate and to vote on its behalf at the General Shareholders Meeting. No notarisation of such authorization is required. The power of attorney issued through electronic communication means must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through the means of electronic communication by e-mail info@invaldainvl.com not later than on the last business day before the General Shareholders Meeting. The power of attorney and notification must be issued in writing and could be sent to the Company by electronic communication means if the transmitted information is secured and the shareholder’s identity can be identified.

    The Company is not providing the possibility to attend and vote at the General Shareholders Meeting through electronic means of communication. Shareholder or its representative may vote in writing by filling ballot paper and signing with a qualified electronic signature, in such a case the requirement to deliver a personal identity document does not apply. The form of the general ballot paper is published together with draft resolutions of the General Shareholders Meeting as well as on the Company’s website www.invaldainvl.com.

    If shareholder requests, the Company shall send the ballot paper to the requesting shareholder by registered mail or ordinary mail.

    The filled ballot paper must be signed by the shareholder or its authorised representative. Document confirming the right to vote must be added to the ballot paper if an authorized person is voting. The filled and signed ballot paper must be sent by the registered mail to the Company at Gyneju str. 14, 01109 Vilnius, Lithuania, or delivered in person no later than the beginning of the General Shareholders Meeting. Shareholders may also vote by signing the voting bulletin with an electronic signature and sending it to the Company by e-mail. A duly completed and with a qualified electronic signature signed ballot paper can be sent to the company by e-mail info@invaldainvl.com before the opening shareholders’ registration for the general meeting of shareholders, i.e. by 8.30 a.m. on 30 April 2025.

    The person authorized to provide additional information is:
    Darius Šulnis, CEO of Invalda INVL
    Darius.Sulnis@invl.com

    The MIL Network

  • MIL-OSI United Nations: In “Era of Savage Cuts’, UN Aid Chief Urges Security Council to Provide Security, Resources for Saving as Many Survivors Possible of Russian Airstrikes in Ukraine

    Source: United Nations 4

    Strike in Dnipro Region Last Friday Marks Deadliest Attack Involving Children 

    Russian Federation airstrikes in Ukraine continue to kill and maim civilians — including children at a playground last week — the United Nations top humanitarian official told the Security Council today.  In what he called an “era of savage cuts”, he also appealed to Council members to provide at least the security and resources needed to save as many survivors of this war as possible. 

    “A massive strike in the densely populated city of Kryvyi Rih in the Dnipro region last Friday resulted in multiple civilian casualties,” said Tom Fletcher, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator addressing the 15-member Council. 

    According to local authorities, 18 civilians were killed — including nine children — and 75 others injured when a children’s playground and nearby residential area were struck.  The Office for the High Commissioner of Human Rights (OHCHR) in Ukraine, which verified many of the casualties, confirmed it was the single deadliest attack involving children since the start of the war in February 2022. 

    Fighting has also continued unabated in the frontline regions of Kherson, Kharkiv, Donetsk and in the border areas of Sumy, where more than 90 civilian casualties were recorded last week alone.  From 24 February 2022 to 31 March 2025, OHCHR has verified at least 12,910 civilian deaths, including 682 children, and nearly 30,700 injuries across Ukraine, he said.  Meanwhile, 3.7 million people remain internally displaced, with new waves of displacement in the country’s north-east, and nearly 7 million Ukrainian refugees recorded worldwide.  The UN remains unable to access an estimated 1.5 million civilians in Russian-occupied areas of Donetsk, Kherson, Luhansk and Zaporizhzhia. 

    Underscoring the plight of women in this war, he said that since February 2022, pre-term births have accounted for nearly half of all deliveries, putting both mothers and newborns at high risk.  Gender-based violence, including intimate partner violence, has surged by 36 per cent, with displaced and refugee women suffering the most severe mental health challenges and facing critical gaps in protection and care, he warned.  

    Despite Scale of Crisis, $2.6 Billion Ukraine Humanitarian Response Plan for 2025 Only 17 Per Cent Funded 

    Despite the scale of this crisis, only 17 per cent of the $2.6 billion required for the 2025 Ukraine Humanitarian Needs and Response Plan has been secured.  As a result, the UN is prioritizing limited resources for frontline support, emergency response, evacuations, and aid for the displaced — but more funding is urgently needed.  

    “We welcome the announcement of a ceasefire focused on energy infrastructure, as well as negotiations to ensure safe navigation in the Black Sea,” Fletcher said.  But as talks continue, so do the bombardments.  Indiscriminate attacks are strictly prohibited under international law, he recalled.  “Even wars have rules,” he also stressed, urging the Council to ensure that “this era of increasingly belligerent, transactional, self-defeating, nationalism is not also remembered as one of callous impunity and brutal indifference, in which the rights of civilians are discarded again and again with a shrug”.  

    Russian Federation’s Representative:  Strike on Kryvyi Rih was Precision Missile strike on Military Meeting of Unit Commanders and Western Instructors 

    In the ensuing discussion, the Russian Federation’s delegate said the strike on Kryvyi Rih was a precision missile strike on a military meeting of unit commanders and Western instructors.  The strike succeeded in damaging the command of the Ukrainian forces, he said, adding that a gathering of service members and Western officers is a legitimate target for his country’s army.  The fact that a military meeting was happening in a civilian area shows that the Ukrainian army is using civilians as human shields, he said, adding that Ukrainian eyewitnesses have confirmed that a cluster munition was not used.  Dismissing the efforts of the “Ukrainian propaganda machine” regarding this and other strikes, he said video clips by ordinary citizens refute their claims. 

    Civilians must stay far away from gatherings of military officers, he said, adding that Ukrainians are not being told the truth — Kyiv is milking the tragedy that it is responsible for.  Nor will the Ukrainians be told of the continuous shelling of Russian border towns, he said.  The goal of Ukraine and Western countries is to undermine the Russian Federation-United States dialogue, he said, adding:  “What you are doing is far too obvious.”  The ceasefire cannot be misused so “Ukraine can lick its wounds and resume its war”, he said, adding that it is essential to do away with the root causes.  No one will be allowed to use the negotiation process to strengthen Ukraine’s military — the demilitarization of that country is essential, he stressed. 

    United States Representative:  Russian President Vladimir Putin Does Not Want to End War

    The United States representative said that in its bilateral engagements between both Russian Federation and Ukraine, the United States had tabled a proposal in March.  While Ukraine was ready to accept, she recalled, Russian Federation representatives insisted on a more limited agreement which would cover only strikes on energy infrastructure and the elimination of the use of force in the Black Sea.  She called on both the Russian Federation and Ukraine to exercise restraint and demonstrate their commitment to peace.  The Russian Federation must bear in mind that strikes like the one on Kryvyi Rih and executions of prisoners of war have the potential to damage peace efforts.  “We will ultimately judge President Putin’s commitment to peace by Russia’s actions,” she stated. 

    “We can see that Putin does not want to end the war; he is looking for ways to preserve the option of reigniting it in any moment with even greater force,” Ukraine’s delegate said.  Moscow has “not moved one inch away from its genocidal and maximalist war aims”.  On the other hand, Ukraine has taken concrete steps towards peace, while the Russian Federation “continues to drag its feet and commit atrocities”.  “Every missile, every strike killing people every day proves that Russia only wants war,” she went on to say.  Moscow has not only failed to cease its attacks on Ukrainian civilians, but it has also significantly escalated the scale of its assaults. 

    On 4 April, a missile landed near a playground, tearing through homes, schools and restaurants, killing 20 people, including nine children.  She rejected Moscow’s falsehoods about alleged military targets in the area.  “All witnesses and footages from cameras inside and outside the local restaurant debunk Russian representatives’ lies and disinformation,” she said.  It confirms that there was no military presence in the restaurant or in the surrounding area at the time of the strike.  Staying silent about the fact that the Russian Federation is killing children with ballistic missiles is wrong and dangerous.  “It only emboldens the scum in Moscow to continue the war and keep ignoring diplomacy,” she said. 

    Several European Speakers Criticize Russian Federation

    Several speakers from Europe strongly criticized the Russian Federation, with Denmark’s delegate stating that Moscow’s deliberate delays and new preconditions raised for even a partial ceasefire seem particularly cynical given reports that the missile that struck Kryvyi Rih was fired from the Black Sea. “Russia has said it only attacks military targets”, but the missile strike on Kryvyi Rih on 4 April hit residential buildings and a playground.  “We heard claims that a high precision strike has been launched to target a military group that was meeting at a restaurant at the time — trying to justify it as a military target,” Slovenia’s delegate said.  But these claims have been disproved. 

    “Russia is not negotiating in good faith; it’s procrastinating, and its goal continues to be the capitulation of Ukraine,” echoed France’s delegate, Council President for April.  But France and other Europeans “are not sitting on our hands” and continue to work to secure a just and lasting peace.  “It is time for the Kremlin to end its aggression against Ukraine and to uphold its obligations under the UN Charter and it is time for President Putin to agree to a full and immediate ceasefire,” added the United Kingdom’s representative. 

    The representative of the European Union, speaking in its capacity as observer, stressed that “there can be no negotiations on Ukraine without Ukraine, and no negotiations that affect European security without Europe”.  He reaffirmed the bloc’s unwavering support for Ukraine’s independence, sovereignty and territorial integrity within its internationally recognized borders.  There is no doubt “who truly seeks peace and who instead is determined to prolong a ruthless war of territorial conquest”, Czechia’s delegate added.  “Moscow is trying to falsely present itself as a victim” and expecting the world to provide security assurances, “preferably at the expense of legitimate security interests of its neighbours”, Poland’s representative also stated. 

    Focus on Plight of Children

    Estonia’s delegate, speaking also for Latvia and Lithuania, said that Moscow has killed over 600 Ukrainian children since the beginning of the full-scale invasion in 2022, while the real numbers might be higher.  That country deserves to be listed in the annexes of the annual Children and Armed Conflicts report for carrying out grave violations against children in Ukraine.  Other Council members, including the delegates of Pakistan, Guyana and Panama, echoed concerns for children living under conflict in Ukraine, with the latter underscoring that “children must never be targets in a war”. 

    Global Impact of War in Ukraine:  Food Insecurity, Energy Crises 

    Some speakers shared ways the war in Ukraine was affecting them with Algeria’s delegate stating that the food insecurity and energy crises resulting from this conflict also hits the civilian population in other regions around the world.  Greece’s delegate pointed out that freedom of navigation in the Black Sea will be a crucial contribution to global food security and supply chains.  The representative of the Republic of Korea expressed concern that the military cooperation between the Russian Federation and Democratic People’s Republic of Korea “is intensifying rather than waning”, as exemplified by last month’s high-level reaffirmation in Pyongyang to implement their Treaty on Comprehensive Strategic Partnership. 

    Momentum for Peace Talks 

    Other Council members, including the delegate from China, said that although the situation on the battlefield remains complicated, the momentum for peace talks has emerged.  “The window of peace is opening,” he stated, adding that talks must address the root causes of the crisis.  The Ukraine conflict is complex and restoring peace will require persistent efforts. 

    “The path forward requires sustained commitment to diplomatic solutions and unwavering adherence to intentional humanitarian law,” echoed Somalia’s delegate.  His counterpart from Sierra Leone urged negotiators and intermediators to approach ceasefire discussions objectively, mindful of the contextual underpinnings of this conflict. “We call on all parties to negotiate in good faith in the US-led talks, taking into consideration the legitimate concerns involving both parties,” she said.

    MIL OSI United Nations News

  • MIL-OSI Europe: EIB Group opens office in Estonia to bolster strategic investments

    Source: European Investment Bank

    • EIB Group inaugurates an office in Estonia to support strategic investments and sustainable growth.
    • New presence in Tallinn to deepen cooperation with partners in public and private sectors.
    • Move comes day after EIB Group representation opened in Latvia, highlighting reinforced focus on Baltics.

    The European Investment Bank (EIB) Group opened an office in Estonia today to drive strategic investments and sustainable growth in the country. The new office, located in the capital Tallinn, will focus on priority projects in areas including climate action, digitalisation, security and defence.

    The EIB Group, which also includes the European Investment Fund (EIF), will use its presence in Tallinn to deepen cooperation with Estonian partners in the public and private sectors including small and medium-sized enterprises (SMEs).

    “The opening of our office in Tallinn is a landmark moment,” said EIB Vice-President Thomas Östros. “This new presence will not only connect with Estonian businesses but also support the local financial markets in their needs. Our aim is to foster innovation, drive sustainable development, and support Estonia’s economy across multiple sectors.”

    „I welcome the EIB to Estonia,“ said Estonian Finance Minister Jürgen Ligi. „The EIB Group is well-known for many big clients in Estonia, including the government itself – but the local presence will increase the awareness among larger group of stakeholders including the core of our economy the SMEs – who benefit from the EIB via the intermediaries. I particularly welcome the EIB´s increased support to European security and defence.“

     The EIB Group has invested €5.6 billion in Estonia since the start of operations in the country in 1993 – with more than €4 billion from the EIB and over €1 billion from the EIFLast year, EIB Group financing in Estonia totalled €498 million and is expected to support total investments of €2.2 billion – representing 5.6% of Estonian gross domestic product (GDP), the highest in Europe. 

    Recent EIB operations include loans of €700 million to the Estonian government for European Union grants co-financing, €31 million to renewable-energy company Sunly for solar-power expansion and €18 million to green-technology startup UP Catalyst for converting carbon-dioxide emissions into carbon-neutral graphite and nanotubes. For its part, the EIF recently  moved to support  Estonian businesses through financing deals with banks and other financial institutions including LHV Pank, SEB Pank, Swedbank and Hüpoteeklaen. 

    The Tallinn Office, located in the Rotermanni quarter, is headed by Götz von Thadden, a German national with over 20 years of experience within the EIB Group. “The new office reflects our excellent relationship with our valued shareholder. We have a long and successful history with public and private project promoters in Estonia, and I look forward to collaborating with local partners to support the country’s sustainable growth.”

    Future priorities for the EIB Group in Estonia include supporting renewable energy projects such as solar, wind, and energy storage; improving infrastructure and fostering business innovation and startups.

    The EIB Group has recently approved additional measures to support security and defence in Europe. This will allow to finance projects dedicated to military uses, such as barracks, storage facilities, drones, helicopters, radars, satellites, advanced avionics, propulsion, and optics, while maintaining strong financing capacity.

    The bank has a pipeline of 14 defence projects expected for approval across Europe, including those in drones, space, cybersecurity, and quantum technologies, as well as facilities enhancing Europe’s defense capabilities. 

    The EIB Group’s Office in Tallinn reflects a reinforced commitment to the Baltics as a whole, where until this week the organisation had a hub covering all three Baltic States in the Lithuanian capital Vilnius. Yesterday, the EIB Group opened its first office in the Latvian capital Riga.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News

  • MIL-OSI Global: The Great Gatsby at 100: this great American novel is a universal meditation on time and change

    Source: The Conversation – UK – By William Blazek, Professor Emeritus of American Literature and Modern Culture, Liverpool Hope University

    One hundred years after its publication, F. Scott Fitzgerald’s third novel, The Great Gatsby – the story of nouveau riche Jay Gatsby’s obsessive quest to win back his lost love, Daisy Buchanan – is best remembered for its depiction of America’s Jazz Age excess, especially through Gatsby’s wildly extravagant parties.

    Readers might also focus on moral questions raised about America’s class and racial divisions, the fundamental inequalities that hinder social progress, and the faulty-but-compelling promise of what a decade later was labelled “the American dream”. These are compelling themes within Fitzgerald’s tightly constructed and brilliantly expressed novel.

    Yet for all of its emphasis on national concerns, the book also contains subject matter of more universal value.

    A passage in the fifth chapter describes an incident during the reunion of Gatsby with the now-married Daisy at the cottage of Nick Carraway, the novel’s first-person narrator.

    Amid awkward uncertainty about achieving his goal of repeating the past by winning Daisy back after five years apart, Gatsby leans his head backward and topples over “a defunct mantelpiece clock”, which he then just manages to catch before it would have smashed on the floor. This incident emphasises an important theme of the novel – a meditation on time and change.


    _This article is part of Rethinking the Classics. The stories in this series offer insightful new ways to think about and interpret classic books and artworks. This is the canon – with a twist.


    On one level, the novel presents contrasts between an older, elite moneyed class and emerging groups that have embraced opportunities for success in the entertainment industries of film and theatre. A further social layer is those who have taken underground routes to riches through bootlegging alcohol or manipulating the bond market.

    The socioeconomic and cultural transformations in the US after the first world war are amplified through references to modern technology. In particular, the telephone most often serves to disrupt conversations rather than promote improved communication. There are also Gatsby’s new automobiles, hydroplane, dazzling electric lighting displays and “a machine in the kitchen which could extract the juice of 200 oranges in half an hour”.

    In contrast, Daisy’s husband, Tom, has turned a car garage on his Long Island estate into a stable for his riding horses. In turning the value of horses from work to leisure, he seems to reverse the flow of history.

    Nick, though, is attracted to the dynamic potential for cultural change. He crosses into New York City over the Queensboro Bridge, a recently completed steel cantilever construction – the longest in the US at the time:

    Anything can happen now that we’ve slid over this bridge, I thought; anything at all.

    The “defunct mantelpiece clock” and its near demise could also represent Fitzgerald’s rejection of a literary inheritance. The author avoids the relative certainty of 19th-century realism’s character development and linear narrative chronology. Instead, he emphasises modernism’s fragmentation and ambiguity.

    The trailer for the 2012 adaptation of The Great Gatsby.

    Time shifts and nature’s power

    In the novel, Gatsby’s backstory is slowly and uncertainly revealed. Vital information about his youth is delayed until the final chapter. Born James Gatz on a poor North Dakota farm, the mysterious Jay Gatsby emerges through Nick’s memory.

    Nick recounts conversations with Gatsby, hears rumours, speaks with others and reads newspaper reports about him. He also imagines a great deal, delivering scattered details and making conjectures in jumbled time. “He told me all this much later, but I’ve put it down here” is one example.

    F. Scott Fitzgerald in 1921.
    Wiki Commons

    Some simple dialogue between Gatsby and Nick hints at the seemingly random, but actually carefully designed, narrative sequencing. Gatsby invites Nick to come along for a morning flight in his newly purchased hydroplane. “What time?” Nick asks, and the reply is: “Anytime that suits you best.”

    The Great Gatsby’s fractured sense of time challenges literary convention. It also reflects a world in flux after the first world war, and the moral as well as economic adjustments of the roaring twenties. But another crucial and often undervalued aspect of the novel deserves further attention: the power of nature.

    Natural imagery infuses the text, as the Sun and Moon, rain and wind, the stars and seasons counterbalance disorderly human time. A sense of cosmic, eternal time contends with the vanities of daily life and inevitable mortality.

    Nick connects Gatsby’s inevitable death with nature’s cyclical movements:

    He must have looked up at an unfamiliar sky through frightening leaves and shivered as he found what a grotesque thing a rose is and how raw the sunlight was upon the scarcely created grass. A new world, material without being real.

    Besides being an example of Fitzgerald’s radiant prose, this passage is both a comment on the delusions of American ambition, and an assertion of nature’s timeless presence and enduring authority.

    Beyond the canon

    As part of the Rethinking the Classics series, we’re asking our experts to recommend a book or artwork that tackles similar themes to the canonical work in question, but isn’t (yet) considered a classic itself. Here is William Blazek’s suggestion:

    Abraham Cahan (circa 1913).
    Wiki Commons

    The Rise of David Levinsky by Abraham Cahan (1917) chronicles the Jewish title character, starting with his early life in imperial Russia, where he devotes himself to religious study.

    After emigrating to the US he abandons his spiritual calling and becomes a success in the garment industry. Yet despite his wealth, he is essentially unhappy and lonely.

    Cahan, a Lithuanian-born Jewish American socialist, modelled his story on another rags-to-riches tale, The Rise of Silas Lapham by William Dean Howells (1885), which also contrasts American materialism with moral goodness.

    William Blazek is professor emeritus at Liverpool Hope University and vice president of the F. Scott Fitzgerald Society. In 2025 the F. Scott Fitzgerald Society will hold its 17th biannual international conference from 22-28 June in New York City: A Fitzgerald Centennial: The Great Gatsby, New York, and New Perspectives. Visit https://fscottfitzgeraldsociety.org/

    ref. The Great Gatsby at 100: this great American novel is a universal meditation on time and change – https://theconversation.com/the-great-gatsby-at-100-this-great-american-novel-is-a-universal-meditation-on-time-and-change-242967

    MIL OSI – Global Reports

  • MIL-OSI: Convocation of the General Ordinary Shareholders Meeting of Closed-end Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos”

    Source: GlobeNewswire (MIL-OSI)

    On the initiative of the Management Company LORDS LB ASSET MANAGEMENT, UAB (the “Management Company”) and in accordance with the Management Company’s decision of 7 April 2025, Ordinary General Meeting of Shareholders (the Meeting) of UAB „Atsinaujinančios energetikos investicijos“, the closed-end investment company intended for informed investors, company‘s code 304213372, registered office at Jogailos st. 4, 01116 Vilnius, Lithuania (the Company) is hereby convened to be held on 30 April 2025 at 11:00 a.m. at the registered office of the Company.

    Registration of the attendees shall start at 10:00 a.m.

    Persons who are shareholders of the Company on the date of the Meeting, either in person or by proxy, or persons with whom an agreement of transfer of the voting right has been concluded, shall be entitled to attend, and vote at the Meeting.

    Participants coming to the Meeting shall be required to bring a document of proof of identity. Persons authorised by shareholders must have a power of attorney or another document certified in accordance with the law.

    All material on the Agenda of the Meeting being convened, draft resolutions on each item on the Agenda, other documents and information related to the exercise of shareholder’s rights may be obtained at the registered office of the Company.

    Contact person for further information:

    Rūta Abromavičienė, Legal Officer of LORDS LB ASSET MANAGEMENT, UAB

    Jogailos st. 4, 01116 Vilnius, Lithuania

    +370 5 261 94 70

    ruta.abromaviciene@lordslb.lt 

    The MIL Network

  • MIL-OSI: Convocation of the General Ordinary Shareholders Meeting of SUTNTIB AB “Tewox”

    Source: GlobeNewswire (MIL-OSI)

    Vilnius, Lithuania, April 08, 2025 (GLOBE NEWSWIRE) —

    On the initiative of the Management Company LORDS LB ASSET MANAGEMENT, UAB (the “Management Company”) and in accordance with the Management Company’s decision of 7 April 2025, Ordinary General Meeting of Shareholders (the Meeting) of the closed-end real estate investment company AB „Tewox“, the, company‘s code 305733600, registered office at Jogailos st. 4, 01116 Vilnius, Lithuania (the Company) is hereby convened to be held on 30 April 2024 at 13:00 p.m. at the registered office of the Company.

    Proposed agenda for the Meeting:

    1. Approval of the Company’s separate and consolidated management reports and audited consolidated and separate financial statements for 2024.
    2. Approval of the Company’s profit (loss) allocation for 2024.
    3. Formation of the Audit Committee and approval of its guidelines.
    4. Amendment of the Company’s Articles of Association and approval of a new version of the Company’s Articles of Association.

    Registration of the attendees shall start at 12:00 a.m.

    Persons who are shareholders of the Company on the date of the Meeting, either in person or by proxy, or persons with whom an agreement of transfer of the voting right has been concluded, shall be entitled to attend, and vote at the Meeting.

    Participants coming to the Meeting shall be required to bring a document of proof of identity. Persons authorised by shareholders must have a power of attorney or another document certified in accordance with the law.

    All material on the Agenda of the Meeting being convened, draft resolutions on each item on the Agenda, other documents and information related to the exercise of shareholder’s rights may be obtained at the registered office of the Company.

    Contact person for further information:

    Rūta Abromavičienė, Senior Legal Officer of UAB “LORDS LB ASSET MANAGEMENT”

    ruta.abromaviciene@lordslb.lt 

    https://lordslb.lt/tewox_bonds/

    The MIL Network