Category: Banking

  • MIL-OSI Banking: Suntory’s advertising campaigns emphasize refreshment, tradition, and social connections to engage diverse audiences, reveals GlobalData

    Source: GlobalData

    Suntory’s advertising campaigns emphasize refreshment, tradition, and social connections to engage diverse audiences, reveals GlobalData

    Posted in Business Fundamentals

    Suntory Holdings Ltd’s (Suntory) YouTube advertising campaigns of Q1 2025 (January – March 2025) focused on delivering refreshing beverages, celebrating Japanese heritage, and fostering meaningful connections through shared experiences. Suntory’s campaigns showcase a wide range of offerings, from Craft Boss World Tea to Suntory Whisky Hibiki Harmony, emphasizing the company’s dedication to quality and authenticity. Targeting young adults, families, and connoisseurs, Suntory presents its products as perfect for unwinding, social events, and celebrating cultural heritage, reveals Global Ads Platform of GlobalData, a leading data and analytics company.

    Satya Prasad Nayak, Ads Analyst at GlobalData, comments: “Suntory’s advertisements effectively blend modernity with tradition, showcasing products like Iyemon Green Tea alongside offerings such as The Premium Malt’s Japanese Ale. The use of strategic celebrity endorsements, including Tommy Lee Jones and Muto Keiji, created relatable yet aspirational narratives. Campaigns like Tennensui’s Hello Kitty partnership and Jim Beam’s focus on camaraderie reflect Suntory’s dedication to diverse consumer values, from family well-being to refined craftsmanship, fostering trust and engagement across varied demographics.”

    Below are the key focus areas of Suntory’s advertisements, revealed by GlobalData’s Global Ads Platform:

    Celebrating Togetherness: The Craft Boss World Tea, with its range of Fruit Tea Ade and Milk Tea, invites families to connect over diverse flavors. Just as Jim Beam bourbon brings friends together, fostering camaraderie through shared experiences. Whether it’s a family gathering or a business trip toast, both brands understand the importance of shared moments, offering the perfect drinks to celebrate every bond.

    Healthy Lifestyle: Suntory Tennensui Marushibori SPARK Unsweetened promotes a balanced lifestyle with its unsweetened, whole-pressed fruit sparkling water. The natural ingredients and invigorating sparkle appeal to health-conscious consumers seeking refreshing, sugar-free beverages that align with their wellness goals.

    Cultural Heritage and Craftsmanship: Suntory leveraged traditional Japanese elements in advertisements like Iyemon Green Tea and Hibiki Whisky. From showcasing Nishijin-ori dyeing in Hibiki to Kyoto’s tea traditions in Iyemon, the brand appealed to those who value artistry, legacy, and cultural depth—strengthening emotional ties to its premium product lines.

    Family Well-being: The collaboration between Tennensui and Hello Kitty promoted emergency preparedness through a lighthearted lens. By featuring family-friendly characters and emphasizing hydration during crises, Suntory demonstrated care for household safety, making its water products essential and relatable for families with young children.

    MIL OSI Global Banks

  • MIL-OSI Banking: Italy card payments to hit $443.7 billion in 2025 despite economic headwinds, forecasts GlobalData

    Source: GlobalData

    Italy card payments to hit $443.7 billion in 2025 despite economic headwinds, forecasts GlobalData

    Posted in Banking

    The Italy card payments market is expected to grow by 6.6% to reach EUR410.2 billion ($443.7 billion) in 2025 despite global economic uncertainty. This reflects rising consumer preference for electronic payments, supported by government policies, increased contactless adoption, and a shift towards digital banking, according to GlobalData, a leading data and analytics company.

    GlobalData’s Payment Cards Analytics reveals that the card payment value in the Italy registered a growth of 11.4% in 2023, driven by the rise in consumer spending. The value registered an estimated growth of 8.6% in 2024 to reach EUR384.6 billion ($416.1 billion). However, the current global uncertainty because of the latest US tariffs can pose a challenge for the Italy’s overall economic growth, resulting in slowdown in the overall card payments value in 2025.

    Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “The surge in card payments is primarily driven by the government’s initiatives to promote electronic payments, including mandating certain merchant categories to accept card payments and offering tax incentives to those who comply. Additionally, the rising adoption of contactless cards, the proliferation of digital-only banks, and the growth of e-commerce are further propelling the Italian electronic payments landscape, indicating a promising trajectory for the sector.”

    Debit cards are mostly preferred due to strong banking penetration and concerted efforts by banks and government bodies to promote financial inclusion. The Italian central bank has implemented various initiatives to enhance electronic payment adoption, including regulations that encourage banks to offer basic accounts with low or no fees.

    On the other hand, credit and charge card payments are also witnessing notable growth due to the value-added benefits they offer, such as cashback, discounts, and reward points. The European Central Bank (ECB’s) recent interest rate cuts are expected to further stimulate credit card spending by making borrowing more affordable and enhancing consumer confidence in credit usage.

    The adoption of contactless payments is becoming increasingly prevalent in public transport systems across Italy. For instance, in March 2024, the Tuscany Region’s public transport service provider, Autolinee Toscane, implemented a contactless payment system. Similarly, the European Union’s Alternative Fuels Infrastructure Regulation, effective from April 2024, mandates the installation of contactless payment systems at public EV charging stations, further driving the adoption of contactless payments in Italy.

    Sharma concludes: “Looking ahead, the total card payments market in Italy is expected to continue its upward trajectory, driven by the ongoing government initiatives, technological advancements, and a cultural shift towards electronic payments. The combination of rising banking penetration, innovative payment solutions, and a favorable regulatory environment will likely position Italy’s card payments market for sustained growth. The card payments value is expected to register a compound annual growth rate (CAGR) of 5.3% between 2025 to 2029 to reach EUR504.7 billion ($546 billion) in 2029.”

    MIL OSI Global Banks

  • MIL-OSI Economics: Italy card payments to hit $443.7 billion in 2025 despite economic headwinds, forecasts GlobalData

    Source: GlobalData

    Italy card payments to hit $443.7 billion in 2025 despite economic headwinds, forecasts GlobalData

    Posted in Banking

    The Italy card payments market is expected to grow by 6.6% to reach EUR410.2 billion ($443.7 billion) in 2025 despite global economic uncertainty. This reflects rising consumer preference for electronic payments, supported by government policies, increased contactless adoption, and a shift towards digital banking, according to GlobalData, a leading data and analytics company.

    GlobalData’s Payment Cards Analytics reveals that the card payment value in the Italy registered a growth of 11.4% in 2023, driven by the rise in consumer spending. The value registered an estimated growth of 8.6% in 2024 to reach EUR384.6 billion ($416.1 billion). However, the current global uncertainty because of the latest US tariffs can pose a challenge for the Italy’s overall economic growth, resulting in slowdown in the overall card payments value in 2025.

    Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “The surge in card payments is primarily driven by the government’s initiatives to promote electronic payments, including mandating certain merchant categories to accept card payments and offering tax incentives to those who comply. Additionally, the rising adoption of contactless cards, the proliferation of digital-only banks, and the growth of e-commerce are further propelling the Italian electronic payments landscape, indicating a promising trajectory for the sector.”

    Debit cards are mostly preferred due to strong banking penetration and concerted efforts by banks and government bodies to promote financial inclusion. The Italian central bank has implemented various initiatives to enhance electronic payment adoption, including regulations that encourage banks to offer basic accounts with low or no fees.

    On the other hand, credit and charge card payments are also witnessing notable growth due to the value-added benefits they offer, such as cashback, discounts, and reward points. The European Central Bank (ECB’s) recent interest rate cuts are expected to further stimulate credit card spending by making borrowing more affordable and enhancing consumer confidence in credit usage.

    The adoption of contactless payments is becoming increasingly prevalent in public transport systems across Italy. For instance, in March 2024, the Tuscany Region’s public transport service provider, Autolinee Toscane, implemented a contactless payment system. Similarly, the European Union’s Alternative Fuels Infrastructure Regulation, effective from April 2024, mandates the installation of contactless payment systems at public EV charging stations, further driving the adoption of contactless payments in Italy.

    Sharma concludes: “Looking ahead, the total card payments market in Italy is expected to continue its upward trajectory, driven by the ongoing government initiatives, technological advancements, and a cultural shift towards electronic payments. The combination of rising banking penetration, innovative payment solutions, and a favorable regulatory environment will likely position Italy’s card payments market for sustained growth. The card payments value is expected to register a compound annual growth rate (CAGR) of 5.3% between 2025 to 2029 to reach EUR504.7 billion ($546 billion) in 2029.”

    MIL OSI Economics

  • MIL-OSI United Kingdom: City comes together to mark 80th anniversary of VE Day

    Source: City of Wolverhampton

    Residents in Chestnut Grove were among those who gathered over the Bank Holiday weekend to celebrate VE Day with a street party.

    Some 35 residents took part in the event, and five takeaway buffet boxes were delivered to elderly residents who were unable to attend. The Mayor of Wolverhampton, Councillor Linda Leach, was in attendance and led a minute’s silence in respect to the active and fallen military.

    She also visited street parties at Lawnside Green, Broadmeadow Green, Howell Road Allotments, Tithe Road, Stanley Road and Taunton Avenue, and the Wednesfield in Bloom VE Day afternoon tea.

    Mayor Councillor Leach said: “I was delighted to be invited to a number of street parties over the Bank Holiday Weekend and to be able to reflect on the immense sacrifices made by those who fought, during the Second World War and in other wars, for our freedom, and to celebrate the peace and prosperity their bravery has given us all.

    “The commemorations continue over the next few days, including on VE Day itself on Thursday when the Royal British Legion will be holding a service of remembrance at the Cenotaph, and I myself am looking forward to representing the city when I attend multiple memorial services at The Hague and in the Netherlands this weekend.”

    The commemorations continue tomorrow (Thursday) when the City of Wolverhampton Central Branch of the Royal British Legion will be holding a service of remembrance at the Cenotaph, St Peter’s Square. All are welcome; please gather at 10.50am.

    And Central Library will he holding a coffee morning tomorrow from 10.30am. Staff will dress in red, white, and blue, and there will be a green screen and sing-along with school children. Again, all are welcome.

    Pictures from the VE Day commemorations can be found at Flickr.  

    MIL OSI United Kingdom

  • MIL-OSI Africa: Afreximbank sees opportunities in the cotton sector as it hosts partnership’s steering committee

    Source: Africa Press Organisation – English (2) – Report:

    CAIRO, Egypt, May 7, 2025/APO Group/ —

    African Export-Import Bank (Afreximbank) (www.Afreximbank.com) recently hosted a two-day meeting of the Steering Committee of the Partenariat pour le Coton (PPC), a global platform established to support transformation and value addition in the cotton-textile-garment (CTG) sector in developing countries.

    With an initial focus on the C4+ countries (Benin, Burkina Faso, Chad, Mali, and Côte d’Ivoire), PPC aims to drive sustainable transformation and value addition in the CTG sector by enhancing economic returns, creating employment opportunities, and promoting economic, social and environmental sustainability.

    Delivering the opening remarks at the meeting, held at Afreximbank Headquarters in Cairo from 28 to 29 April, Mrs. Kanayo Awani, Executive Vice President for Intra-African Trade and Export Development at Afreximbank, noted that development of the cotton sector presents significant opportunities to enhance economic growth across Africa— contributing between 45 and 60 per cent of GDP and foreign exchange earnings in some countries. However, she highlighted a recent study by the Steering Committee which revealed that textile and garment manufacturing sector in some C4+ countries remains at a nascent stage.

    “Therefore, to upgrade and integrate into the global cotton sector value chain, we must address a range of issues, including low yields and limited processing capacity, climate change and variability, market fluctuations, global cotton prices, weak infrastructure and inadequate access to modern technology,” added Mrs. Awani.

    She emphasised that, as a member of the C4+ initiative, Afreximbank is committed to supporting African countries to move up the cotton value chain – transforming raw cotton into textiles and clothing. Working with strategic partners, Afreximbank aims to help establish modern textile and garment industries in C4+ countries and across the continent to realise the development aspirations of the African Union’s Agenda 2063 and the United Nations Sustainable Development Goals.

    Mrs. Awani noted that the Steering Committee’s deliberations were centred on mobilising capital and investment to transform the African cotton sector. She highlighted several financial and non-financial instruments that Afreximbank could deploy to support this goal, including project preparation funding, tailored financing and advisory solutions, debt and equity financing, export advisory services, SME support, insurance solutions, digital platforms to  improve market access and compliance, and trade facilitation and investment promotion support.

    “Through our active participation in the Partenariat pour le Coton, we reaffirm our commitment to supporting Africa’s drive for sustainable industrialisation and local value addition. By working alongside partners, we are helping unlock critical investments, strengthening technical capacity, and promoting sustainable practices across the cotton sector. The outcomes of this Steering Committee meeting represents an important step towards realising the C4+ countries’ vision of a globally competitive cotton-textile-garment industry. Afreximbank remains committed to championing initiatives that create jobs, boost trade and drive inclusive economic transformation,” Mrs. Awani informed participants during the meeting.

    Emphasising the importance of the outcome in his opening remarks, Mr. Jean-Marie Paugam, Deputy Director-General of World Trade Organisation (WTO), and Chairperson of the steering committee stated: ‘I hope that the discussions over these two days will yield concrete results for the industrialisation and local processing of cotton in partner countries. We will be able to report these results to WTO members at our next discussion on cotton, scheduled for the 14th of May at the WTO, which will address all issues facing the cotton industry in the C4 and other developing countries.”

    The meeting, which brought together key stakeholders working to advance sustainable industrialisation across Africa’s CTG value chain, also included the formal signing of an amendment to the Trust Fund Agreement between Afreximbank and UNIDO. This amendment reinforces Afreximbank’s US$ 80,230 grant to finance a baseline study critical to the development of the cotton-to-textile value chain under the PPC – delivered within a WTO-FIFA cooperation framework.

    Participants included the Chairperson, Mr. Jean-Marie Paugam, Deputy Director-General of the World Trade Organisation (WTO); Mr. Gunther Berger, Managing Director at UNIDO; Ms. Alimatou Shadiya Assouman, Minister of Trade and Industry of Benin; and Mr. Eric Trachtenberg, Executive Director of the International Cotton Advisory Committee (ICAC), among others. Also present were technical partners including Gherzi Textile Organization, which has supported the PPC process since the baseline study phase, and Otto Group Scan-Thor Group.

    Membership of the PPC includes Afreximbank, WTO, UNIDO, ICAC, the International Labour Organisation (ILO), the International Trade Centre (ITC), Better Cotton, FIFA, and the governments of the C4+ countries.

    MIL OSI Africa

  • MIL-OSI USA: Sen. Banks, Rep. Mrvan Urge Treasury to Preserve U.S. Owned and Operated Steel Industry

    Source: United States House of Representatives – Congressman Frank J. Mrvan (IN)

    Washington, DC – Senator Jim Banks (R-Ind.) and Representative Frank Mrvan (IN-01) sent a bipartisan letter to Treasury Secretary Scott Bessent urging the Department to consider national security when reviewing foreign takeovers of U.S. steel companies. They warned that foreign control puts our defense and supply chains at risk and stressed the need to keep American steel strong. They also backed President Trump’s push to rebuild the U.S. steel industry and stop unfair trade practices.

    In part, the letter reads:  “We share President Trump’s goal to revitalize the American steel industry so it can compete head-to-head with any country in the world by cracking down on illegal dumping and negotiating fair treatment for U.S. exports. We have confidence that you will conduct all foreign direct investment reviews with integrity, fairness, and in accordance with the law while protecting this critical supply chain, national security, and our workers’ interests.”

    The full text of the letter is below and a pdf is available here.

    We write to express our belief that a strong, domestically owned and operated American steel industry is vital to our national security.  If American steel production does not remain robust in peacetime, we risk unreliable supplies of critical steel products to the military in wartime. We urge you to consider this as the Department of Treasury (Treasury) assesses the national security risks in any review of foreign direct investment. 

    We also encourage you to consider the interrelationship between defense supply chains and domestic industrial supply chains in any such review.  A strong American defense industrial base is impossible without a strong U.S. manufacturing base, and considering the sectors in isolation is outmoded and myopic.  We disagree with those who have suggested that the strength of the U.S. steel industry is unimportant to supplying the military’s needs, because the Defense Department only consumes a small fraction of national steel output and steel can be procured from abroad in a crisis.

    Permitting foreign ownership or control of our steel industry risks ceding critical supply chains to foreign companies whose commercial interests may not always align with our national security interests.  We should not entrust companies that have repeatedly circumvented our trade laws and have dumped large volumes of steel onto our shores with sustaining U.S. steel production capacity and rigorously defending U.S. trade remedy law.

    Recent supply disruptions in other industries including electronics, automotive, medical, and semiconductors demonstrate how brittle elements of the U.S. industrial base have become.  While the Treasury and the Department of Defense have extensive legal authorities to prioritize production for national defense, the experiences during the Tohoku earthquake and tsunami and the COVID-19 pandemic demonstrate the difficulties of requisitioning products that are unavailable and the protracted delays involved in starting up new production lines amid a crisis. In other words, once manufacturing capacity is gone, it is very hard to get back. 

    Temporary restrictions or mandates to place U.S. citizens on boards of directors on a term-limited basis are insufficient. Guarantees to maintain plants and production that contain exceptions do not assure the long-term sustainability of a critical domestic steel industry.

    We share President Trump’s goal to revitalize the American steel industry so it can compete head-to-head with any country in the world by cracking down on illegal dumping and negotiating fair treatment for U.S. exports.  We have confidence that you will conduct all foreign direct investment reviews with integrity, fairness, and in accordance with the law while protecting this critical supply chain, national security, and our workers’ interests.

    Thank you for your attention to this important matter.

    ###

    MIL OSI USA News

  • MIL-OSI Security: Florida Man Pleads Guilty to Tax Evasion and Bankruptcy Fraud

    Source: Office of United States Attorneys

    Paul Archer evaded approximately $1MM in federal taxes by concealing and transferring assets in his Chapter 7 bankruptcy case

    BANGOR, Maine: A Florida man pleaded guilty today in U.S. District Court in Bangor to attempting to evade federal taxes and engaging in fraudulent transfers and concealment in a bankruptcy proceeding. 

    According to court records, Paul Archer, 46, formerly of Hampden and Orrington, operated a profitable online marketing business for software installation on computers, earning several million dollars from 2013 through 2015. After an IRS audit in 2016 assessed a federal tax debt totaling approximately $1 million for those years, Archer concealed and transferred assets through two LLCs he controlled and began using third-party bank accounts to evade paying the tax debt.   

    From April 2018 through November 2019, Archer transferred and concealed assets and income by using a series of bank accounts held in the names of Max Tune Up, LLC; Stealth Kit, LLC; his father; and his spouse. Using a bank account held by Stealth Kit, LLC, for instance, Archer received income via direct deposits, initiated and received over $2 million in wire payments, and used cryptocurrency trading platforms and online payment systems to transfer funds. Archer transferred an investment account held in his own name to an account held in the name of Stealth Kit, LLC, then engaged in trading activity, stock ownership, and dividend/interest distributions. Archer further owned and transacted in Bitcoin using two different cryptocurrency exchanges, purchasing and later trading cryptocurrency valued at several hundred thousand dollars.

    In March 2019, Archer filed a Chapter 7 bankruptcy proceeding. In his Chapter 7 petition and schedules, Archer falsely claimed less than $50,000 in assets; a single checking account; no other assets or property interests; no recent asset transfers; and no connections to any businesses or memberships in any LLCs. Archer repeated these falsehoods under oath during meetings of creditors convened by a Chapter 7 Trustee, as well as in statements made to the U.S. Bankruptcy Court for the District of Maine.

    Archer faces up to five years imprisonment and a fine up to $250,000 on each of the two charges to which he pleaded guilty. Any sentence will be followed by up to three years of supervised release. He will be sentenced after the completion of a presentence investigation report by the U.S. Probation Office. A federal district court judge will determine a sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    IRS Criminal Investigation and the FBI investigated the case.

    ###

    MIL Security OSI

  • MIL-OSI Global: Popes have been European for hundreds of years. Is it time for one from Africa or Asia?

    Source: The Conversation – Global Perspectives – By Darius von Guttner Sporzynski, Historian, Australian Catholic University

    Catholicism did not begin as a “white” faith. Born on the eastern rim of the Mediterranean, it spread through the trading routes and legions of the Roman Empire into Africa, Asia and, only later, what we now call Europe.

    Three early bishops of Rome: Victor I (c. 189–199), Miltiades (311–314) and Gelasius I (492–496), were Africans whose teaching shaped the church’s developing doctrine.

    They are venerated as saints, a reminder the papal office has never been racially defined.

    However, that history sits uneasily with the unbroken run of European popes that stretches from the early Middle Ages to the death of Francis last month. Francis, an Argentine, was the first pope from Latin America, but he was the son of an Italian immigrant family.

    Why, in a global communion of 1.4 billion faithful, has the modern conclave not looked beyond Europeans for a new pope? And what would need to change for it to do so?

    Change has been gradual

    The explanation lies less in colour than in logistics and culture.

    Europe was the political and demographic centre of Catholicism for centuries. Until the 19th century, travel to Rome from beyond Europe was protracted, dangerous and expensive. An elector who missed the start of a conclave was simply excluded.

    Papal politics, therefore, became tightly entwined with Italian city factions and, after 1870, the diplomatic rivalries of European powers.

    Even after steamships and railways made travel easier, longstanding practice and patronage ensured most future cardinals were trained at Roman universities, served in the Curia (the bureaucracy of the Vatican), and moved within a Euro-centric network of friendships. The College of Cardinals became overwhelmingly European in composition and culture.

    The 20th-century popes began to chip away at this European dominance in internal church governance:

    • Pius X abolished the secular veto in 1903 (used by Catholic monarchs to veto papal candidates)
    • Pius XI named the first modern Chinese cardinal in 1946
    • Paul VI limited papal electors to those under the age of 80 and started appointing non-European bishops in greater numbers.

    John Paul II and Benedict XVI continued this trend, while Francis made a point of elevating pastors from places as varied as Tonga, Lesotho and Myanmar.

    While Europe still claims the single largest bloc of votes in the conclave, there has been a decline in its cardinal representation from almost 70% in 1963 to 39% in 2025. The representatives from Africa and Asia have steadily increased.

    Of the 135 electors who are eligible to enter the Sistine Chapel to cast ballots for the new pope on May 7, 53 are European. Africa has 18 electors, Asia 23, Latin America 21, North America 16, and Oceania four. (Two, however, are sick and will not attend – one from Europe and one from Africa).

    This representation is disproportionately European, reflecting the gradual nature of shifts in the church’s structures.

    Shifting demographics

    The demographics of the Catholic church, meanwhile, are changing rapidly.

    Between 1980 and 2023, the Catholic population of Europe fell from 286 million to just under 250 million. Weekly mass attendance declined even more steeply.

    Over the same period, the number of Catholics in Africa almost tripled to 255 million. Asia climbed to about 160 million. And Latin America, though no longer expanding, remains home to roughly 40% of all Catholics, at 425 million.

    Vocations follow the same curve: seminaries in France and Germany are closing for lack of students, while Nigeria, India and the Philippines are sending their priests abroad to ease shortages in Europe.

    Africa and Asia have also significantly increased their representation among Cardinals at the highest level of the Church, from less than 10% in 1963 to more than 30% in 2025.

    Ultimately, these numbers will expand even further, catching up with baptismal registers in Africa, Asia and Latin America.

    What matters most during the conclave

    Observers often describe papal candidates as “progressive” or “conservative”, or speculate about a “Global South bloc” ready to storm the papal throne. Such language obscures what the electors actually consider when casting a ballot.

    Five practical questions tend to be important:

    1. Is the candidate known and trusted, and a man of faith and wisdom?

    Personal acquaintance still matters. Cardinals who have worked in Rome are well-placed because most electors have met them repeatedly.

    2. Can he govern the Curia?

    Leading the world’s oldest bureaucracy demands stamina, political tact, leadership acumen, relational skills and fluency in Italian, the everyday language of Vatican administration.

    There is also the ongoing issue of reform, particularly around the church’s sexual abuse crisis and financial matters.

    3. Will he be heard beyond Rome?

    A pope must travel, address parliaments and give press conferences. Because communication and symbolism are important, a command of English and comfort in front of the global media matter greatly.

    4. Is he a pastor?

    The ability to preach the Gospel compellingly, comfort the afflicted and speak credibly about the poor has been vital since John Paul II.

    5. Does he know and inhabit the tradition of the church?

    As part of this, a pope should also be able to represent and deepen the church’s teachings.

    Non-European papal candidates

    These criteria help explain why previous non-European hopefuls have fallen short.

    In 1978, for instance, Cardinal Aloísio Lorscheider of Brazil was judged too youthful and untested.

    In 2005, Cardinal Francis Arinze of Nigeria, though admired, was seen as a transition figure at the age of 72. He also lacked experience in the Curia.

    In 2013, Cardinal Odilo Scherer of Brazil was persuasive on pastoral questions but hampered by his limited English and Italian, and by concerns the Vatican Bank needed a strong financial reformer.

    Could it change this year? There are several non-European candidates in the current conclave:

    • Luis Antonio Tagle (Philippines): the former archbishop of Manila, he is a gifted communicator in Italian and English. Some voters may fear he is not administratively capable and too closely identified with Francis, yet others see that continuity as an advantage.

    • Fridolin Ambongo Besungu (Democratic Republic of the Congo): a leading African voice on ecology and conflict mediation, he is admired for his courage and leadership in strife-torn Congo. Sceptics point to his limited network outside Africa and France. He may also be too conservative for some cardinals.

    • Peter Turkson (Ghana): a long-time curial prefect and articulate champion of economic justice. Age counts against him (he is 76), yet he could emerge as a compromise if the conclave stalls, as he seen to be doctrinally solid, open and charismatic.

    Any one of them would break the post-medieval pattern. None, however, would (or should) campaign as a flag-bearer for his continent.

    The church neither keeps a scorecard by hemisphere nor anoints popes to gratify civil notions of representation.

    The most important thing is whether a candidate can carry forward the mission of the church and speak in an effective way in an era marked by war, the climate crisis and rapid secularisation.

    Would a non-European pope be seismic?

    Symbolically, yes.

    A Filipino or Congolese pope would signal that Catholicism’s demographic heart now beats in Manila and Kinshasa, rather than Milan and Cologne.

    Practically, though, the change might be less dramatic.

    Whoever is elected inherits the same threefold task:

    • to guard church unity while being a place for all nations and peoples
    • to preach convincingly in a sceptical age and serve the poor and marginalised
    • to lead the a very diverse institution and reform the Curia so it serves rather than stifles evangelisation.

    Those challenges transcend region and skin tone.

    If the next pope happens to be African, Asian or Latin American, history will have turned a page. The universal body will have recognised, in the face of its evolving demographics, the gifts of a shepherd able to speak to followers in Kinshasa, Manila, Sao Paulo and Munich with equal conviction.

    The mystery of the conclave is that when the doors close, regional and political calculations fade. What remains is prayerful discernment about who can carry Saint Peter’s keys into an uncertain future.

    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. Popes have been European for hundreds of years. Is it time for one from Africa or Asia? – https://theconversation.com/popes-have-been-european-for-hundreds-of-years-is-it-time-for-one-from-africa-or-asia-255506

    MIL OSI – Global Reports

  • MIL-OSI USA: Grassley, Ernst, Colleagues Celebrate National Small Business Week

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sen. Chuck Grassley (R-Iowa) joined Small Business and Entrepreneurship Committee Chair Joni Ernst (R-Iowa) and 80 Senate colleagues in a bipartisan resolution declaring the week of May 5th as “National Small Business Week.” The measure recognizes the entrepreneurs and innovators that promote growth and create jobs across America.  
    “We know that small businesses drive America’s innovations and economic strength. Here in Iowa, they make up 99.3 percent of all businesses, and nearly half of Iowa employees work for a small business. In marking this special week, our resolution recognizes the power of small businesses and honors the men and women who work hard to keep our communities vibrant,” Grassley said.
    “Main Street is roaring back under President Trump’s pro-growth policies that are ushering in a Golden Age,” Ernst said. “This week, we celebrate the small businesses that mean so much more than the livelihoods they support and the jobs they create. These shops embody the American spirit and shape the culture of big cities and rural communities across America. I’m proud to recognize these entrepreneurs’ tremendous contributions and will continue to fight to ensure that they have a champion in Washington.”
    Full text of the resolution can be found HERE.
    Additional cosponsors include Sens. Ed Markey (D-Mass.), Mazie Hirono (D-Hawaii), Jon Husted (R-Ohio), Dick Durbin (D-Ill.), James Lankford (R-Okla.), Angus King (I-Maine), John Kennedy (R-La.), Catherine Cortez Masto (D-Nev.), John Cornyn (R-Texas), Tina Smith (D-Minn.), Susan Collins (R-Maine), Tammy Duckworth (D-Ill.), Bill Cassidy (R-La.), Elissa Slotkin (D-Mich.), Jim Risch (R-Idaho), Sheldon Whitehouse (D-R.I.), Ted Cruz (R-Texas), Ben Ray Lujan (D-N.M.), Shelley Moore Capito (R-W.Va.), Ron Wyden (D-Ore.), Mitch McConnell (R-Ky.), Christopher Murphy (D-Conn.), Steve Daines (R-Mont.), Jack Reed (D-R.I.), James Justice (R-W.Va.), John Hickenlooper (D-Colo.), Thomas Tillis (R-N.C.), Maria Cantwell (D-Wash.), Mike Crapo (R-Idaho), Tammy Baldwin (D-Wis.), Tim Sheehy (R-Mont.), Alex Padilla (D-Calif.), Roger Marshall (R-Kan.), Elizabeth Warren (D-Mass.), Tommy Tuberville (R-Ala.), Peter Welch (D-Vt.), Katie Britt (R-Ala.), Chris Coons (D-Del.), Dan Sullivan (R-Alaska), Mark Kelly (D-Ariz.), Kevin Cramer (R-N.D.), Chris Van Hollen (D-Md.), John Boozman (R-Ark.), Raphael Warnock (D-Ga.), Marsha Blackburn (R-Tenn.), Margaret Hassan (D-N.H.), Josh Hawley (R-Mo.), Lisa Blunt Rochester (D-Del.), John Barrasso (R-Wyo.), John Fetterman (D-Pa.), John Curtis (R-Utah), Jon Ossoff (D-Ga.), Jim Banks (R-Ind.), Jacky Rosen (D-Nev.), Deb Fischer (R-Neb.), Tim Kaine (D-Va.), Eric Schmitt (R-Mo.), Martin Heinrich (D-N.M.), Ted Budd (R-N.C.), Richard Blumenthal (D-Conn.), Cynthia Lummis (R-Wyo.), Amy Klobuchar (D-Minn.), Todd Young (R-Ind.), Cory Booker (D-N.J.), John Hoeven (R-N.D.), Michael Bennet (D-Colo.), Tim Scott (R-S.C.), Jeanne Shaheen (D-N.H.), Mike Rounds (R-S.D.), Gary Peters (D-Mich.), Lindsey Graham (R-S.C.), Mark Warner (D-Va.), John Thune (R-S.D.), Ruben Gallego (D-Ariz.), Cindy Hyde-Smith (R-Miss.), Kirsten Gillibrand (D-N.Y.), Rick Scott (R-Fla.), Adam Schiff (D-Calif.), Jerry Moran (R-Kan.) and Roger Wicker (R-Miss.).  
    -30-

    MIL OSI USA News

  • MIL-OSI: OP Mortgage Bank: Interim Report 1 January–31 March 2025

    Source: GlobeNewswire (MIL-OSI)

    OP Mortgage Bank
    Interim Report 1 January–31 March 2025
    Stock Exchange Release 7 May 2025 at 10.00 EEST

    OP Mortgage Bank: Interim Report 1 January–31 March 2025

    OP Mortgage Bank (OP MB) is the covered bond issuing entity of OP Financial Group. Together with OP Corporate Bank plc, its role is to raise funding for OP Financial Group from money and capital markets.

    Financial standing

    The intermediary loans of OP MB totalled EUR 14,800 million (14,800)* at the end of March. Bonds issued by OP MB totalled EUR 14,800 million (14,800) at the end of March.

    OP MB’s covered bonds after 8 July 2022 are issued under the Euro Medium Term Covered Bond (Premium) programme (EMTCB), pursuant to the Finnish Act on Mortgage Credit Banks and Covered Bonds (151/2022). The collateral is added to the EMTCB cover pool from the member cooperative banks’ balance sheets via the intermediary loan process on the issue date of a new covered bond.
     
    At the end of March, 79 OP cooperative banks had a total of EUR 14,800 million (14,800) in intermediary loans from OP MB. 

    Impairment loss on receivables related to loans in OP MB’s balance sheet totalled EUR 0.0 million (0.0). Loss allowance was EUR 0.0 million (0.0) following the sale of the loan portfolio.

    Operating profit was EUR 1.7 million (2.3). The company’s financial standing remained stable throughout the reporting period. 

    * The comparatives for 2024 are given in brackets. For income statement and other aggregated figures, January–March 2024 figures serve as comparatives. For balance-sheet and other cross-sectional figures, figures at the end of the previous financial year (31 December 2024) serve as comparatives. 

    Collateralisation of bonds issued to the public

    The European covered bonds (premium) issued under the EMTCB programme worth EUR 25 billion established on 11 October 2022, in accordance with the Act on Mortgage Credit Banks and Covered Bonds (151/2022), totalled EUR 6,250 million. The cover pool included a total of EUR 6,882 million in loans serving as collateral at the end of March. Overcollateralisation exceeded the minimum requirement under the Act (151/2022).

    The covered bonds issued under the Euro Medium Term Covered Note programme worth EUR 20 billion established on 12 November 2010, in accordance with the Act on Mortgage Credit Banks (Laki kiinnitysluottopankkitoiminnasta, 688/2010), totalled EUR 8,550 million. The cover pool included a total of EUR 9,468 million in loans serving as collateral at the end of March. Overcollateralisation exceeded the minimum requirement under the Act (688/2010).

    Capital adequacy

    OP MB’s Common Equity Tier 1 (CET1) ratio stood at 372.0% (797.0) at the end of March. The ratio decreased due to an increase in total risk exposure amount based on a
    regulatory change. The changes in the EU Capital Requirements Regulation (CRR3), which entered into force on 1 January 2025, particularly affected the calculation of total risk exposure amount. The figures for the comparative period have been calculated based on the regulation in force in 2024. The minimum CET1 capital requirement is 4.5% and the requirement for the capital conservation buffer is 2.5%. The minimum total capital requirement is 8% (or 10.5% with the increased capital conservation buffer). OP MB fully covers its capital requirements with CET1 capital, which in practice means that it has a CET1 capital requirement of 10.5%. Estimated profit distribution has been subtracted from earnings for the reporting period.

    The capital adequacy requirement for credit risk is measured using the Standardised Approach (SA).

    OP MB belongs to OP Financial Group. As part of the Group, OP MB is supervised by the European Central Bank. OP Financial Group presents capital adequacy information in its financial statements bulletins and interim and half-year financial reports in accordance with the Act on the Amalgamation of Deposit Banks. OP Financial Group also publishes Pillar 3 disclosures.

    Own funds and capital adequacy, TEUR 31 Mar 2025 31 Dec 2024
    Equity capital 365,998 368,122
    Common Equity Tier 1 (CET1) before deductions 365,998 368,122
    Excess funding of pension liability    
    Proposed profit distribution -1,341 -3,466
    Share of unaudited profits    
    Insufficient coverage for non-performing exposures    
         
    CET1 capital 364,657 364,656
    Tier 1 capital (T1) 364,657 364,656
    Tier 2 capital (T2)    
    Total own funds 364,657 364,656
         
    Total risk exposure amount, TEUR 31 Mar 2025 31 Dec 2024
    Credit and counterparty risk 3,185 18,581
    Operational risk (Standardised Approach) 94,841 26,636
    Other risks* 7 538
    Total risk exposure amount 98,034 45,755
    * Risks not otherwise covered.
     
       
    Ratios, % 31 Mar 2025 31 Dec 2024
    CET1 capital ratio 372.0 797.0
    Tier 1 capital ratio 372.0 797.0
    Capital adequacy ratio 372.0 797.0
    Capital requirement, TEUR    
    Own funds 364,657 364,656
    Capital requirement 10,294 4,804
    Buffer for capital requirements 354,363 359,852

    Joint and several liability of amalgamation 

    Under the Act on the Amalgamation of Deposit Banks (599/2010), the amalgamation of cooperative banks comprises the organisation’s central cooperative (OP Cooperative), the central cooperative’s member credit institutions and the companies belonging to their consolidation groups, as well as credit and financial institutions and service companies in which the above together hold more than half of the total votes. This amalgamation is supervised on a consolidated basis. On 31 March 2025, OP Cooperative’s member credit institutions comprised 79 OP cooperative banks, OP Corporate Bank plc, OP Mortgage Bank and OP Retail Customers plc.

    The central cooperative is responsible for issuing instructions to its member credit institutions concerning their internal control and risk management, their procedures for securing liquidity and capital adequacy, and for compliance with harmonised accounting policies in the preparation of the amalgamation’s consolidated financial statements.

    As a support measure referred to in the Act on the Amalgamation of Deposit Banks, the central cooperative is liable to pay any of its member credit institutions the amount necessary to preventing the credit institution from being placed in liquidation. The central cooperative is also liable for the debts of a member credit institution which cannot be paid using the member credit institution’s assets.

    Each member bank is liable to pay a proportion of the amount which the central cooperative has paid to either another member bank as a support measure or to a creditor of such a member bank in payment of an overdue amount which the creditor has not received from the member bank. Furthermore, if the central cooperative defaults, a member bank has unlimited refinancing liability for the central cooperative’s debts as referred to in the Co-operatives Act.

    Each member bank’s liability for the amount the central cooperative has paid to the creditor on behalf of a member bank is divided between the member banks in proportion to their last adopted balance sheets. OP Financial Group’s insurance companies do not fall within the scope of joint and several liability.

    According to section 25 of the Act on Mortgage Credit Banks (688/2010), which was valid at that time, the creditors of covered bonds issued prior to 8 July 2022 have the right to receive payment, before other claims, for the entire term of the bond, in accordance with the terms and conditions of the bond, out of the funds entered as collateral, without this being prevented by OP MB’s liquidation or bankruptcy. A similar and equal priority also applies to derivative contracts entered in the register of bonds, and to marginal lending facilities referred to in section 26, subsection 4 of said Act. For mortgage-backed loans issued prior to 8 July 2022 and included in the total amount of collateral of covered bonds, the priority of the covered bond holders’ payment right is limited to the amount of loan that, with respect to home loans, corresponds to 70% of the value of shares or property serving as security for the loan and entered in the bond register at the time of the issuer’s liquidation or bankruptcy declaration.

    Under section 20 of the Act on Mortgage Credit Banks and Covered Bonds (151/2022), which entered into force on 8 July 2022, the creditors of bonds issued after 8 July 2022, including the related management and clearing costs, have the right to receive payment from the collateral included in the cover pool, before other creditors of OP MB or the OP cooperative bank which is the debtor of an intermediary loan. A similar priority also applies to creditors of derivative contracts related to covered bonds, including the related management and clearing costs. Interest and yield accruing on the collateral, and any substitute assets, fall within the scope of said priority.

    Section 44, subsection 3 of the Act on Mortgage Credit Banks and Covered Bonds includes provisions on the creditor’s priority claim regarding cover pool liquidity support. According to said subsection, the creditor has the right to receive payment against the funds contained in the cover pool after claims based on the principal and interest of covered bonds secured by the cover assets included in the cover pool, obligations based on derivatives contracts associated with covered bonds, as well as administration and liquidation costs.

    Sustainability and corporate responsibility

    As of 2024, OP Financial Group has reported on its sustainability and corporate responsibility in accordance with the European Sustainability Reporting Standards (ESRS) under the EU’s Corporate Sustainability Reporting Directive (CSRD).

    Responsible business is one of OP Financial Group’s strategic priorities. OP Financial Group’s sustainability programme guides the Group’s actions and is built around three themes: Climate and the environment, People and communities, and Corporate governance. Read more about the sustainability programme at www.op.fi/en/op-financialgroup/corporate-social-responsibility/corporate-social-responsibility-programme.

    At OP Financial Group, sustainability and corporate responsibility are guided by a number of principles and policies. OP Financial Group is committed to complying not only with all applicable laws and regulations, but also with a number of international initiatives that guide operations. The Group is committed to complying with the ten principles of the UN Global Compact initiative in the areas of human rights, labour rights, the environment and anti-corruption. OP Financial Group is a Founding Signatory of the Principles for Responsible Banking under the United Nations Environment Programme Finance Initiative (UNEP FI). Furthermore, OP Financial Group is committed to complying with the UN Principles for Responsible Investment and the UN Principles for Sustainable Insurance. OP Financial Group’s biodiversity roadmap includes measures to promote biodiversity. OP Financial Group aims to grow its nature positive handprint by 2030. ‘Nature positive’ means that OP Financial Group’s operations will have a net positive impact (NPI) on nature.

    OP Financial Group has drawn up a Human Rights Statement and Human Rights Policy. The Group respects all recognised human rights. The Human Rights Statement includes the requirements and expectations that OP Financial Group has set for itself and actors in its value chains. OP Financial Group is committed to perform remediation actions if its operations have adverse human rights impacts.

    In March 2025, OP MB published a Green Covered Bond Report on the allocation and impacts of Finland’s first green covered bonds issued in March 2021 and April 2022. Under OP MB’s Green Covered Bond Framework, proceeds from the bonds have been allocated to mortgages with energy-efficient residential buildings as collateral. The environmental impacts allocated to the green covered bonds in 2024 were 58,000 MWh of energy use avoided per year and 5,500 tonnes of CO2-equivalent emissions avoided per year.

    Personnel

    At the end of the reporting period, OP MB had six employees. OP MB has been digitising its operations and purchases all key support services from OP Cooperative and its subsidiaries, reducing the need for its own personnel.

    Governing body members 

    The Board composition is as follows: 

    Chair Mikko Timonen Chief Financial Officer, OP Cooperative
    Members Satu Nurmi Business Lead, SME Financing, OP Retail
    Customers plc
      Mari Heikkilä Head of Group Treasury & ALM, OP Corporate Bank plc

    OP MB’s Managing Director is Sanna Eriksson. The deputy Managing Director is Tuomas Ruotsalainen, Senior Covered Bonds Manager at OP MB.

    Risk profile

    OP MB has a strong capital base, capital buffers and risk-bearing capacity. OP MB’s most significant risks are related to the quality of collateral and to structural liquidity and interest rate risks on the balance sheet, for which limits have been set in the Banking Risk Policy. The key credit risk indicators in use show that OP MB’s credit risk exposure is stable. OP MB has used interest rate swaps to hedge against its interest rate
    risk. Interest rate swaps have been used to swap home loan interest, intermediary loan interest and interest on issued bonds onto the same basis rate. OP MB has concluded all derivative contracts for hedging purposes, applying fair value hedges which have OP Corporate Bank plc as their counterparty. OP MB’s interest risk exposure is under control and has been within the set limit.

    The liquidity buffer for OP Financial Group is centrally managed by OP Corporate Bank and therefore exploitable by OP MB. At the end of the reporting period, OP Financial Group’s Liquidity Coverage Ratio (LCR) was 202% and the Net Stable Funding Ratio (NSFR) was 129%. OP MB monitors its cash flows on a daily basis to secure funding liquidity and its structural funding risk on a regular basis as part of the company’s internal capital adequacy assessment process (ICAAP).

    An analysis of OP MB’s risk exposure should always take account of OP Financial Group’s risk exposure, which is based on the joint and several liability of all its member credit institutions. The member credit institutions are jointly liable for each other’s debts. All member banks must participate in support measures, as referred to in the Act on the Amalgamation of Deposit Banks, to support each other’s capital adequacy.

    OP Financial Group analyses the business environment as part of its ongoing risk assessment activities and strategy process. Megatrends and worldviews behind OP Financial Group’s strategy reflect driving forces that affect the daily activities, conditions and future of the Group and its customers. Factors currently shaping the business environment include climate, biodiversity loss, scientific and technological innovations, polarisation, demography and geopolitics. External business environment factors are considered thoroughly, so that their effects on customers’ future success are understood. OP Financial Group provides advice and makes business decisions that promote the sustainable financial success, security and wellbeing of its owner-customers and operating region while managing the Group’s risk profile on a longer-term basis. Advice for customers, risk-based service sizing, contract lifecycle management, decision-making, management and reporting are based on correct and comprehensive information.

    Outlook

    The global economic outlook has weakened due to increased tariffs and a higher level of uncertainty. The Finnish economy is likely to grow less than previously expected and the outlook is exceptionally uncertain. The escalation of geopolitical crises or a rise in trade barriers may affect capital markets and the economic environment of OP Financial Group and its customers.

    OP MB’s capital adequacy is expected to remain strong and its risk exposure favourable. This enables issuance of covered bonds in the future.

    Schedule for Interim Reports in 2025

    Half-year Financial Report 1 January–30 June 2025 30 July 2025
    Interim Report 1 January–30 September 2025 28 October 2025

    Helsinki, 7 May 2025

    OP Mortgage Bank
    Board of Directors

    For more information, please contact:
    Sanna Eriksson, Managing Director, tel. +358 10 252 2517

    DISTRIBUTION
    LSE London Stock Exchange
    Euronext Dublin (Irish Stock Exchange)
    Officially Appointed Mechanism (OAM)
    Major media
    op.fi 

    The MIL Network

  • MIL-OSI: UNICOM Engineering Announces Strategic Partnership with E4 Computer Engineering to Deliver Advanced AI Infrastructure Solutions

    Source: GlobeNewswire (MIL-OSI)

    CANTON, Mass., May 07, 2025 (GLOBE NEWSWIRE) — UNICOM Engineering announces a strategic partnership with E4 Computer Engineering, the Italian leader in High-Performance Computing (HPC) and AI-driven solutions. This collaboration expands UNICOM Engineering’s presence in the European market by offering comprehensive, integrated AI infrastructure solutions designed to accelerate deployment and optimize performance.

    The partnership combines UNICOM Engineering’s expertise in liquid cooling technologies and custom server solutions with E4’s extensive experience designing and deploying advanced HPC-AI and dense compute solutions across various sectors, including Research and Development, Banking, Government, Automotive, and Aerospace.

    “This strategic partnership with E4 Computer Engineering represents an important step in our European expansion strategy,” said Rusty Cone, General Manager of UNICOM Engineering. “Combining our engineering expertise and technology portfolio with E4’s market presence and industry knowledge, we’re uniquely positioned to deliver the next generation of AI-ready infrastructure solutions to the European market. Together, we’re enabling our customers to accelerate their AI initiatives while addressing critical challenges around power efficiency and sustainability.”

    Accelerating AI Adoption Through Advanced Infrastructure

    The partnership aims to deliver comprehensive infrastructure solutions optimized for AI workloads, including systems powered by the latest accelerated computing technologies. UNICOM Engineering brings its expertise in developing thermal management and immersion cooling solutions, which are crucial for handling the intense power densities of modern AI systems, while E4 contributes its extensive experience in designing, deploying, and supporting complex HPC and AI environments.

    “Organizations across EMEA are looking forward to harnessing the transformative potential of AI, but face significant infrastructure challenges,” said Cosimo Damiano Gianfreda, CEO and Co-founder of E4. “Our partnership with UNICOM Engineering allows E4 to address these challenges head-on, providing our customers with purpose-built solutions that deliver the performance they need while meeting their sustainability goals. We’re excited to combine our expertise to drive AI innovation across the Italian and Swiss markets.”

    This partnership enables enterprises to achieve faster time to value for their AI investments, with infrastructure solutions designed to deliver optimal performance while addressing the power and cooling challenges that often complicate AI deployments.

    About UNICOM Engineering
    UNICOM Engineering is a leading provider of purpose-built application platforms, appliances, and life cycle deployment services for solution providers and OEMs serving the global data center, storage, security, communications, video, and healthcare IT markets. We are best known for our solution design technologies, integration expertise, and unique deployment capabilities. Our turnkey platforms and appliances are designed for longevity and backed by life cycle management services. We create products and business solutions that solve deployment challenges, accelerate time to market, reduce ownership costs, and increase business efficiencies. For more information, visit www.unicomengineering.com.

    About E4
    E4 is an Italian provider of High-Performance Computing (HPC) and AI-driven solutions. With a strong focus on innovation and technical excellence, E4 designs, develops, and delivers advanced computing systems and services to research institutions, enterprises, and government organizations. The company’s expertise spans various sectors, including scientific research, finance, automotive, aerospace and more. E4 is dedicated to helping its customers harness the power of cutting-edge technologies to drive innovation and achieve their strategic objectives. For more information, visit www.e4company.com.

    Media Contacts

    UNICOM Engineering Contact:
    Lisa Ryan
    lisa.ryan@unicomengineering.com

    E4 Contact:
    Maria Chiara Marchi
    mariachiara.marchi@e4company.com

    The MIL Network

  • MIL-OSI Economics: W&T Offshore Announces First Quarter 2025 Results and Declares Dividend for Second Quarter of 2025

    Source: W & T Offshore Inc

    Headline: W&T Offshore Announces First Quarter 2025 Results and Declares Dividend for Second Quarter of 2025

    HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T,” the “Company,” “we” or “us”) today reported operational and financial results for the first quarter of 2025 and declared a second quarter 2025 dividend of $0.01 per share.

    This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash Flow and Net Debt, which are described and reconciled to the most comparable GAAP measures in the accompanying tables to this press release under “Non-GAAP Information.”

    Key highlights for the first quarter of 2025 and through the date of this press release include:

    • Produced 30.5 thousand barrels of oil equivalent per day (“MBoe/d”) (52% liquids), towards the high end of guidance;
      • Announced that the West Delta 73 and Main Pass 108/98 fields were placed into production towards the end of March/early April with production expected to ramp up over the course of the second quarter of 2025;
    • Incurred lease operating expenses (“LOE”) of $71.0 million, below the low end of guidance;
    • Reported net loss of $30.6 million, or $(0.21) per diluted share;
      • Adjusted Net Loss totaled $19.1 million, or $(0.13) per diluted share, which primarily excludes the loss on extinguishment of debt and net unrealized gain on outstanding derivative contracts and the related tax effects;
    • Generated Adjusted EBITDA of $32.2 million, an increase of 2% over the fourth quarter of 2024;
    • Produced Free Cash Flow of $10.5 million;
    • Successfully refinanced, in January 2025, the Company’s $275.0 million 11.75% Senior Second Lien Notes due 2026 (the “11.75% Notes”) and $114.2 million outstanding amount under the term loan provided by Munich Re Risk Financing, Inc., as lender (the “MRE Term Loan”) with proceeds from the issuance of $350.0 million of 10.75% Senior Second Lien Notes due 2029 (the “10.75% Notes”) and available cash on hand;
      • Paid down and effectively reduced gross debt by approximately $39.0 million;
      • Enhanced liquidity by eliminating principal payments under the MRE Term Loan of $27.6 million in 2025, $25.4 million in 2026, $22.9 million in 2027 and $38.3 million in 2028;
      • Lowered interest rate on the Senior Second Lien Notes by 100 basis points;
    • Entered into a new $50.0 million revolving credit facility which matures in July 2028, and is undrawn, and the previous credit facility provided by Calculus Lending, LLC was concurrently terminated, with all outstanding obligations paid in full in connection with the termination;
    • Sold a non-core interest in Garden Banks Blocks 385 and 386 in January 2025, which included latest net production of approximately 195 barrels of oil equivalent per day (“Boe/d”) (72% oil) for $11.9 million, or over $60,000 per flowing barrel, after customary closing adjustments;
    • Received $58.5 million in cash for an insurance settlement related to the Mobile Bay 78-1 well, which further bolstered W&T’s balance sheet;
    • Reported unrestricted cash and cash equivalents of $105.9 million and Net Debt of $244.1 million at March 31, 2025;
    • Added natural gas costless collar hedges for 2025 including:
      • 50,000 million British Thermal Units per day (“MMBtu/d”) for March 2025, with a floor price of $3.88 per MMBtu and ceiling price of $5.13 per MMBtu;
      • 70,000 MMBtu/d for April to December 2025, with a volume-weighted average floor price and ceiling price of $4.02 per MMBtu and $5.32 per MMBtu, respectively;
    • Paid sixth consecutive quarterly dividend of $0.01 per common share in March 2025; and
      • Declared second quarter 2025 dividend of $0.01 per share, which will be payable on May 27, 2025 to stockholders of record on May 20, 2025.

    Tracy W. Krohn, W&T’s Chairman of the Board and Chief Executive Officer, commented, “We continue to successfully execute our strategic vision and have delivered another quarter of strong results in line with or above our guidance. We reported production at the high end of our guidance range and, more importantly, we have brought online the remaining two fields from the Cox acquisition, which we expect will meaningfully increase production for the remainder of 2025, as you can see from our second quarter and full year guidance. Acquisitions remain a key component of our success, and it is our ability to integrate and enhance the assets that we acquire that has allowed us to successfully operate for over 40 years. We generated solid Free Cash Flow and Adjusted EBITDA and we recorded lease operating expenses below the low end of our guidance. We will continue to focus on increasing our production, particularly our oil production, and managing our operating costs.”

    “Our balance sheet was strengthened in the first quarter of 2025 due to several key accomplishments. We successfully closed the issuance of new 10.75% Notes, entered into a new revolving credit facility and added material cash through a non-core disposition and an insurance settlement. The new 10.75% Notes have an interest rate 100 basis points lower than our 11.75% Notes and received improved credit ratings from S&P and Moody’s. We also received a $58.5 million cash insurance settlement payment related to a well impairment event. Finally, we sold a non-core interest in Garden Banks 385 and 386 for $11.9 million, after customary closing adjustments, at a value of over $60,000 per flowing barrel, which is highly accretive to W&T. We have over $100 million in cash on our balance sheet and remain prepared to take advantage of potential acquisitions. With the change in administration and the White House’s directives to Unleash American Energy, we also see promising developments in the regulatory environment for oil and gas companies. We are well positioned to continue to enhance our portfolio through additional accretive acquisition opportunities and are committed to enhancing shareholder value while returning value to our shareholders through the quarterly dividend program.”

    Production, Prices and Revenue: Production for the first quarter of 2025 was 30.5 MBoe/d, towards the high end of the Company’s first quarter guidance but down compared with 32.1 MBoe/d for the fourth quarter of 2024 and 35.1 MBoe/d for the corresponding period in 2024. The first quarter 2025 production decrease was due to freezing conditions that caused shut-ins during January 2025; however production has since recovered. First quarter 2025 production was comprised of 13.7 thousand barrels per day (“MBbl/d”) of oil (45%), 2.2 MBbl/d of natural gas liquids (“NGLs”) (7%), and 87.6 million cubic feet per day (“MMcf/d”) of natural gas (48%).

    W&T’s average realized price per Boe before realized derivative settlements was $46.50 per Boe in the first quarter of 2025, an increase of 17% from $39.86 per Boe in the fourth quarter of 2024 and an increase of 9% from $42.55 per Boe in the first quarter of 2024. First quarter 2025 oil, NGL and natural gas prices before realized derivative settlements were $71.31 per barrel of oil, $23.86 per barrel of NGL and $4.45 per Mcf of natural gas.

    Revenues for the first quarter of 2025 were $129.9 million, which was 8% higher than fourth quarter of 2024 revenues of $120.3 million due to higher realized prices, which was partially offset by lower production volumes. First quarter 2025 revenues were lower by 8% compared to $140.8 million of revenues in the first quarter of 2024 due to lower production volumes, partially offset by higher realized natural gas and NGL prices.

    Lease Operating Expenses: LOE, which includes base lease operating expenses, insurance premiums, workovers and facilities maintenance expenses, was $71.0 million in the first quarter of 2025, which was below the low end of the guidance range of $72.5 to $80.5 million. LOE came in lower than expected due to a combination of lower repair and maintenance costs, lower facility expenses and lower workover expense. LOE for the first quarter of 2025 was approximately 11% higher compared to $64.3 million in the fourth quarter of 2024. Lower LOE in the fourth quarter of 2024 was primarily driven by favorable audit adjustments and lower maintenance and repair work performed. LOE for the first quarter of 2025 was slightly higher than the $70.8 million for the corresponding period in 2024. On a component basis for the first quarter of 2025, base LOE and insurance premiums were $57.6 million, workovers were $2.0 million, and facilities maintenance and other expenses were $11.4 million. On a unit of production basis, LOE was $25.88 per Boe in the first quarter of 2025. This compares to $21.76 per Boe for the fourth quarter of 2024 and $22.14 per Boe for the corresponding period in 2024, reflecting a decrease in production in the period due to freezing conditions in January 2025.

    Gathering, Transportation Costs and Production Taxes: Gathering, transportation costs and production taxes totaled $5.7 million ($2.06 per Boe) in the first quarter of 2025, compared to $5.9 million ($2.00 per Boe) in the fourth quarter of 2024 and $7.5 million ($2.36 per Boe) in the first quarter of 2024. Gathering, transportation costs and production taxes decreased in the first quarter of 2025 from the prior quarters due to lower production volumes.

    Depreciation, Depletion and Amortization (“DD&A”): DD&A was $11.99 per Boe in the first quarter of 2025. This compares to $12.94 per Boe and $10.61 per Boe for the fourth quarter of 2024 and the first quarter of 2024, respectively.

    Asset Retirement Obligations Accretion: Asset retirement obligations accretion was $3.06 per Boe in the first quarter of 2025. This compares to $2.76 per Boe and $2.49 per Boe for the fourth quarter of 2024 and the first quarter of 2024, respectively.

    General & Administrative Expenses (“G&A”): G&A was $20.2 million for the first quarter of 2025, which decreased from $20.8 million in the fourth quarter of 2024 and $20.5 million in the first quarter of 2024 primarily due to decreases of share-based compensation and employee benefit costs partially offset by an increase in legal fees due to ongoing sureties litigation. On a unit of production basis, G&A was $7.35 per Boe in the first quarter of 2025 compared to $7.04 per Boe in the fourth quarter of 2024 and $6.41 per Boe in the corresponding period of 2024. These increases, on a per Boe basis, are related to lower production, as the absolute G&A costs were lower.

    Derivative Loss (Gain), net: In the first quarter of 2025, W&T recorded a net loss of $2.7 million with commodity derivative contracts comprised of $3.6 million of realized losses and $0.9 million of unrealized gains related to the increase in fair value of open contracts. W&T recognized a net loss of $2.1 million in the fourth quarter of 2024 and a net gain of $4.9 million in the first quarter of 2024 related to commodity derivative activities.

    To take advantage of the recent uptick in natural gas prices, W&T added costless collar hedges for March 2025 of 50,000 MMBtu/d with a floor price of $3.88 per MMBtu and ceiling price of $5.13 per MMBtu. For April to December 2025, the Company added similar costless collar hedges of 70,000 MMBtu/d with a volume-weighted average floor price and ceiling price of $4.02 per MMBtu and $5.32 per MMBtu, respectively.

    A summary of the Company’s outstanding derivative positions is provided in the investor presentation posted on W&T’s website.

    Interest Expense: Net interest expense in the first quarter of 2025 was $9.5 million compared to $10.2 million in the fourth quarter of 2024 and $10.1 million in the first quarter of 2024. These decreases reflect the impact of the Company’s debt refinancing in January 2025, which lowered overall debt by around $39 million and reduced the Senior Second Lien Notes’ coupon rate by 100 basis points.

    Income Tax (Benefit) Expense: W&T recognized an income tax benefit of $4.6 million in the first quarter of 2025. This compares to the recognition of an income tax benefit of $1.8 million in the fourth quarter of 2024 and an income tax expense of $1.0 million in the first quarter of 2024.

    Capital Expenditures and Asset Retirement Settlements: Capital expenditures on an accrual basis in the first quarter of 2025 were $8.5 million, and asset retirement settlement costs totaled $3.8 million. The Company continues to expect its full year capital expenditure budget to be between $34 million and $42 million, which excludes potential acquisition opportunities.

    Balance Sheet and Liquidity: As of March 31, 2025, W&T had available liquidity of $155.9 million comprised of $105.9 million in unrestricted cash and cash equivalents and $50.0 million of borrowing availability under W&T’s new revolving credit facility. As of March 31, 2025, the Company had total debt of $350.0 million and Net Debt of $244.1 million. As of March 31, 2025, Net Debt to trailing twelve months (“TTM”) Adjusted EBITDA was 1.8x.

    Debt Refinance: On January 28, 2025 W&T closed an offering of the 10.75% Notes at par in a private offering that was exempt from registration under the Securities Act of 1933, as amended. The Company used a portion of the proceeds from the 10.75% Notes offering, along with cash on hand to (i) purchase for cash pursuant to a tender offer, such of the Company’s outstanding 11.75% Notes that were validly tendered pursuant to the terms thereof; (ii) repay $114.2 million outstanding under the MRE Term Loan; (iii) fund the full redemption amount for an August 1, 2025 redemption of the remaining 11.75% Notes not validly tendered and accepted for purchase in the tender offer; and (iv) pay premiums, fees and expenses related to these transactions. On the closing date of the offering of the 10.75% Notes, the Company completed all actions necessary to satisfy and discharge the indenture governing the 11.75% Notes.

    In conjunction with the issuance of the 10.75% Notes, the Company entered into a new credit agreement which provides the Company with a revolving credit and letter of credit facility, with initial lending commitments of $50 million and with a letter of credit sublimit of $10 million. The credit facility matures on July 28, 2028.

    Concurrently with the debt refinance, W&T recorded a $15.0 million loss on the extinguishment of debt in the first quarter of 2025.

    Non-Core Asset Disposition

    In early 2025, W&T closed the sale of a non-core interest in Garden Banks Blocks 385 and 386, which included net production of approximately 195 Boe/d, for $11.9 million after normal purchase price adjustments. The effective date of the sale was December 1, 2024, and the transaction closed in January 2025. The impact to W&T’s reserves for year-end 2024 were minimal at about 0.12 MMBoe.

    Regulatory Update

    The change of Presidential administration in the early part of 2025 saw promising developments in the oil and natural gas regulatory environment. On January 20, 2025, President Trump issued Executive Order 14154, Unleashing American Energy. Section 3 of that Order directed heads of agencies to review existing regulations to identify agency actions that impose an undue burden on the identification, development, or use of domestic energy resources. The Trump administration also issued Executive Order 14156, Declaring a National Energy Emergency, stating that the United States’ insufficient energy production, transportation, refining, and generation constituted an unusual and extraordinary threat to the nation’s economy, national security, and foreign policy. Furthermore, on February 3, 2025, Secretary Burgum issued Secretarial Order 3418, Unleashing American Energy. Section 4(b) of that Order directed agency officials to prepare an action plan that will include steps to suspend, revise, or rescind certain regulations.

    As it pertains to W&T, on April 8, 2025, pursuant to the above directives from the Trump administration, the Department of Interior, through a joint filing in the U.S. District Court for the Western District of Louisiana (Case no. 2:24-cv-00820), indicated that it will not seek supplemental financial assurance in the Gulf of America except in the case of (a) sole liability properties and (b) certain non-sole liability properties that do not have a financially strong co-owner or predecessor in title and meet other conditions.

    In addition, the Trump administration has issued a number of executive orders aimed at streamlining regulations and reducing the regulatory burden on oil and natural gas companies, increasing federal oil and natural gas leasing, including in the Gulf of America, and expediting U.S. natural resource development.

    Cash Dividend Policy

    The Company paid its first quarter 2025 dividend of $0.01 per share on March 24, 2025 to stockholders of record on March 17, 2025.

    The Board of Directors declared a second quarter 2025 dividend of $0.01 per share which is to be paid on May 27, 2025 to stockholders of record on May 20, 2025.

    OPERATIONS UPDATE

    Well Recompletions and Workovers

    During the first quarter of 2025, the Company performed five workovers that positively impacted production for the quarter. W&T plans to continue performing these low cost and low risk short payout operations that impact both production and revenue.

    Second Quarter and Full Year 2025 Production and Expense Guidance

    The guidance for the second quarter and full year 2025 in the table below represents the Company’s current expectations. Please refer to the section entitled “Forward-Looking and Cautionary Statements” below for risk factors that could impact guidance.

         
    Production Second Quarter 2025 Full Year 2025
    Oil (MBbl) 1,295 – 1,435 5,150 – 5,690
    NGLs (MBbl) 210 – 235 1,020 – 1,140
    Natural gas (MMcf) 8,830 – 9,750 34,880 – 38,560
    Total equivalents (MBoe) 2,977 – 3,295 11,983 – 13,257
    Average daily equivalents (MBoe/d) 32.7 – 36.2 32.8 – 36.3
    Expenses Second Quarter 2025 Full Year 2025
    Lease operating expense ($MM) 71.3 – 78.9 280.0 – 310.0
    Gathering, transportation & production taxes ($MM) 6.6 – 7.4 27.1 – 30.1
    General & administrative – cash ($MM) 14.5 – 16.1 62.0 – 69.0
    General & administrative – non-cash ($MM) 2.4 – 2.8 10.1 – 11.3
    DD&A ($ per Boe)   13.40 – 14.90

    W&T expects substantially all income taxes in 2025 to be deferred. 

    Conference Call Information: W&T will hold a conference call to discuss its financial and operational results on Wednesday, May 7, 2025 at 11:00 a.m. Central Time (12:00 p.m. Eastern Time). Interested parties may dial 1-844-739-3797. International parties may dial 1-412-317-5713. Participants should request to connect to the “W&T Offshore Conference Call.” This call will also be webcast and available on W&T’s website at www.wtoffshore.com under “Investors.” An audio replay will be available on the Company’s website following the call.

    About W&T Offshore

    W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of America and has grown through acquisitions, exploration and development. As of March 31, 2025, the Company had working interests in 52 fields in federal and state waters (which include 45 fields in federal waters and seven in state waters). The Company has under lease approximately 634,700 gross acres (496,900 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 487,200 gross acres on the conventional shelf, approximately 141,900 gross acres in the deepwater and 5,600 gross acres in Alabama state waters. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.

    Forward-Looking and Cautionary Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this release, including those regarding the Company’s financial position, operating and financial performance, business strategy, plans and objectives of management for future operations, projected costs, industry conditions, potential acquisitions, sustainability initiatives, the impact of and integration of acquired assets, and indebtedness are forward-looking statements. When used in this release, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes, although not all forward-looking statements contain such identifying words. Items contemplating or making assumptions about actual or potential future production and sales, prices, market size, and trends or operating results also constitute such forward-looking statements.

    These forward-looking statements are based on the Company’s current expectations and assumptions about future events and speak only as of the date of this release. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, as results actually achieved may differ materially from expected results described in these statements. The Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements, unless required by law.

    Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ including, among other things, the regulatory environment, including availability or timing of, and conditions imposed on, obtaining and/or maintaining permits and approvals, including those necessary for drilling and/or development projects; the impact of current, pending and/or future laws and regulations, and of legislative and regulatory changes and other government activities, including those related to permitting, drilling, completion, well stimulation, operation, maintenance or abandonment of wells or facilities, managing energy, water, land, greenhouse gases or other emissions, protection of health, safety and the environment, or transportation, marketing and sale of the Company’s products; inflation levels; global economic trends, geopolitical risks and general economic and industry conditions, such as the global supply chain disruptions and the government interventions into the financial markets and economy in response to inflation levels and world health events; volatility of oil, NGL and natural gas prices; the global energy future, including the factors and trends that are expected to shape it, such as concerns about climate change and other air quality issues, the transition to a low-emission economy and the expected role of different energy sources; supply of and demand for oil, NGLs and natural gas, including due to the actions of foreign producers, importantly including OPEC and other major oil producing companies (“OPEC+”) and change in OPEC+’s production levels; disruptions to, capacity constraints in, or other limitations on the pipeline systems that deliver the Company’s oil and natural gas and other processing and transportation considerations; inability to generate sufficient cash flow from operations or to obtain adequate financing to fund capital expenditures, meet the Company’s working capital requirements or fund planned investments; price fluctuations and availability of natural gas and electricity; the Company’s ability to use derivative instruments to manage commodity price risk; the Company’s ability to meet the Company’s planned drilling schedule, including due to the Company’s ability to obtain permits on a timely basis or at all, and to successfully drill wells that produce oil and natural gas in commercially viable quantities; uncertainties associated with estimating proved reserves and related future cash flows; the Company’s ability to replace the Company’s reserves through exploration and development activities; drilling and production results, lower–than–expected production, reserves or resources from development projects or higher–than–expected decline rates; the Company’s ability to obtain timely and available drilling and completion equipment and crew availability and access to necessary resources for drilling, completing and operating wells; changes in tax laws; effects of competition; uncertainties and liabilities associated with acquired and divested assets; the Company’s ability to make acquisitions and successfully integrate any acquired businesses; asset impairments from commodity price declines; large or multiple customer defaults on contractual obligations, including defaults resulting from actual or potential insolvencies; geographical concentration of the Company’s operations; the creditworthiness and performance of the Company’s counterparties with respect to its hedges; impact of derivatives legislation affecting the Company’s ability to hedge; failure of risk management and ineffectiveness of internal controls; catastrophic events, including tropical storms, hurricanes, earthquakes, pandemics and other world health events; environmental risks and liabilities under U.S. federal, state, tribal and local laws and regulations (including remedial actions); potential liability resulting from pending or future litigation; the Company’s ability to recruit and/or retain key members of the Company’s senior management and key technical employees; information technology failures or cyberattacks; and governmental actions and political conditions, as well as the actions by other third parties that are beyond the Company’s control, and other factors discussed in W&T Offshore’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q found at www.sec.gov or at the Company’s website at www.wtoffshore.com under the Investor Relations section.

                       
    W&T OFFSHORE, INC.
    Condensed Consolidated Statements of Operations
    (In thousands, except per share data)
    (Unaudited)
                       
        Three Months Ended
        March 31,    December 31,    March 31, 
           2025        2024        2024  
    Revenues:                  
    Oil   $ 87,716     $ 86,778     $ 107,015  
    NGLs     4,772       6,713       7,469  
    Natural gas     35,109       24,203       21,616  
    Other     2,270       2,651       4,687  
    Total revenues     129,867       120,345       140,787  
                       
    Operating expenses:                  
    Lease operating expenses     71,012       64,259       70,830  
    Gathering, transportation and production taxes     5,659       5,912       7,540  
    Depreciation, depletion, and amortization     32,891       38,208       33,937  
    Asset retirement obligations accretion     8,392       8,157       7,969  
    General and administrative expenses     20,157       20,799       20,515  
    Total operating expenses     138,111       137,335       140,791  
                       
    Operating loss     (8,244 )     (16,990 )     (4 )
                       
    Interest expense, net     9,492       10,226       10,072  
    Loss on extinguishment of debt     15,015              
    Derivative loss (gain), net     2,757       2,113       (4,877 )
    Other (income) expense, net     (316 )     (4,118 )     5,230  
    Loss before income taxes     (35,192 )     (25,211 )     (10,429 )
    Income tax (benefit) expense     (4,615 )     (1,849 )     1,045  
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
                       
    Net loss per common share (basic and diluted)   $ (0.21 )   $ (0.16 )   $ (0.08 )
                       
    Weighted average common shares outstanding (basic and diluted)     147,598       147,365       146,857  
                             
    W&T OFFSHORE, INC.
    Condensed Operating Data
    (Unaudited)
                             
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025   2024   2024
    Net sales volumes:                        
    Oil (MBbls)     1,230       1,263       1,400  
    NGLs (MBbls)     200       273       343  
    Natural gas (MMcf)     7,884       8,505       8,733  
    Total oil and natural gas (MBoe) (1)     2,744       2,953       3,199  
                             
    Average daily equivalent sales (MBoe/d)     30.5       32.1       35.1  
                             
    Average realized sales prices (before the impact of derivative settlements):                        
    Oil ($/Bbl)   $ 71.31     $ 68.71     $ 76.44  
    NGLs ($/Bbl)     23.86       24.59       21.78  
    Natural gas ($/Mcf)     4.45       2.85       2.48  
    Barrel of oil equivalent ($/Boe)     46.50       39.86       42.55  
                             
    Average operating expenses per Boe ($/Boe):                        
    Lease operating expenses   $ 25.88     $ 21.76     $ 22.14  
    Gathering, transportation and production taxes     2.06       2.00       2.36  
    Depreciation, depletion, and amortization     11.99       12.94       10.61  
    Asset retirement obligations accretion     3.06       2.76       2.49  
    General and administrative expenses     7.35       7.04       6.41  
    (1) MBoe is determined using the ratio of six Mcf of natural gas to one Bbl of crude oil, condensate or NGLs (totals may not compute due to rounding). The conversion ratio does not assume price equivalency and the price on an equivalent basis for oil, NGLs and natural gas may differ significantly. The realized prices presented above are volume-weighted for production in the respective period.
                 
    W&T OFFSHORE, INC.
    Consolidated Balance Sheets
    (In thousands)
    (Unaudited)
                 
           March 31,    December 31, 
        2025     2024  
    Assets            
    Current assets:            
    Cash and cash equivalents   $ 105,933     $ 109,003  
    Restricted cash     1,552       1,552  
    Receivables:            
    Oil and natural gas sales     64,991       63,558  
    Joint interest, net     26,884       25,841  
    Prepaid expenses and other assets     22,570       18,504  
    Total current assets     221,930       218,458  
                 
    Oil and natural gas properties and other, net     691,788       777,741  
    Restricted deposits for asset retirement obligations     22,892       22,730  
    Deferred income taxes     54,332       48,808  
    Other assets     34,004       31,193  
    Total assets   $ 1,024,946     $ 1,098,930  
                 
    Liabilities and Shareholders’ Deficit            
    Current liabilities:            
    Accounts payable   $ 77,978     $ 83,625  
    Accrued liabilities     19,210       33,271  
    Undistributed oil and natural gas proceeds     58,647       53,131  
    Advances from joint interest partners     2,432       2,443  
    Current portion of asset retirement obligations     29,098       46,326  
    Current portion of long-term debt, net     566       27,288  
    Total current liabilities     187,931       246,084  
                 
    Asset retirement obligations     532,753       502,506  
    Long-term debt, net     349,481       365,935  
    Other liabilities     17,381       16,182  
                 
    Commitments and contingencies     20,196       20,800  
                 
    Shareholders’ deficit:            
    Preferred stock            
    Common stock     2       2  
    Additional paid-in capital     597,271       595,407  
    Retained deficit     (655,902 )     (623,819 )
    Treasury stock     (24,167 )     (24,167 )
    Total shareholders’ deficit     (82,796 )     (52,577 )
    Total liabilities and shareholders’ deficit   $ 1,024,946     $ 1,098,930  
                       
    W&T OFFSHORE, INC.
    Condensed Consolidated Statements of Cash Flows
    (In thousands)
    (Unaudited)
                       
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025     2024     2024  
    Operating activities:                  
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
    Adjustments to reconcile net loss to net cash (used in) provided by operating activities:                  
    Depreciation, depletion, amortization and accretion     41,283       46,365       41,906  
    Share-based compensation     2,087       3,818       3,032  
    Amortization and write off of debt issuance costs     1,099       1,117       1,292  
    Loss on extinguishment of debt     15,015              
    Derivative loss (gain), net     2,757       2,113       (4,877 )
    Derivative cash (settlements) receipts, net     (5,326 )     (1,638 )     2,599  
    Deferred income (benefit) taxes     (5,517 )     (1,941 )     733  
    Changes in operating assets and liabilities:                  
    Accounts receivable     (1,935 )     (17,064 )     (17,362 )
    Prepaid expenses and other current assets     547       1,792       433  
    Accounts payable, accrued liabilities and other     (18,858 )     3,831       (852 )
    Asset retirement obligation settlements     (3,771 )     (19,348 )     (3,788 )
    Net cash (used in) provided by operating activities     (3,196 )     (4,317 )     11,642  
                       
    Investing activities:                  
    Investment in oil and natural gas properties and equipment     (6,665 )     (14,124 )     (7,080 )
    Acquisition of property interests     (400 )           (80,515 )
    Proceeds from sale of oil and natural gas properties     11,935              
    Insurance proceeds     58,500              
    Purchases of furniture, fixtures and other     (103 )     (19 )     (24 )
    Net cash provided by (used in) investing activities     63,267       (14,143 )     (87,619 )
                       
    Financing activities:                  
    Proceeds from issuance of long-term debt     350,000              
    Repayments of long-term debt     (384,264 )     (275 )     (275 )
    Purchase of government securities in connection with legal defeasance of 11.75% Senior Second Lien Notes     (5,889 )            
    Premium and debt extinguishment costs     (10,230 )            
    Debt issuance costs     (11,042 )     (183 )     (312 )
    Payment of dividends     (1,493 )     (1,475 )     (1,469 )
    Other     (223 )     (13 )     (483 )
    Net cash used in financing activities     (63,141 )     (1,946 )     (2,539 )
    Change in cash, cash equivalents and restricted cash     (3,070 )     (20,406 )     (78,516 )
    Cash, cash equivalents and restricted cash, beginning of period     110,555       130,961       177,755  
    Cash, cash equivalents and restricted cash, end of period   $ 107,485     $ 110,555     $ 99,239  

    W&T OFFSHORE, INC. AND SUBSIDIARIES
    Non-GAAP Information

    Certain financial information included in W&T’s financial results are not measures of financial performance recognized by accounting principles generally accepted in the United States, or GAAP. These non-GAAP financial measures are “Net Debt,” “Adjusted Net Loss,” “Adjusted EBITDA” and “Free Cash Flow” or are derivable from a combination of these measures. Management uses these non-GAAP financial measures in its analysis of performance. These disclosures may not be viewed as a substitute for results determined in accordance with GAAP and are not necessarily comparable to non-GAAP performance measures which may be reported by other companies. Prior period amounts have been conformed to the methodology and presentation of the current period.

    We calculate Net Debt as total debt (current and long-term portions), less cash and cash equivalents. Management uses Net Debt to evaluate the Company’s financial position, including its ability to service its debt obligations.

    Reconciliation of Net Loss to Adjusted Net Loss

    Adjusted Net Loss adjusts for certain items that the Company believes affect comparability of operating results, including items that are generally non-recurring in nature or whose timing and/or amount cannot be reasonably estimated. These items include loss on extinguishment of debt, unrealized commodity derivative gain, net, allowance for credit losses, non-recurring legal and IT-related costs, non-ARO P&A costs, and other which are then tax effected using the Federal Statutory Rate. Company management believes that this presentation is relevant and useful because it helps investors to understand the net loss of the Company without the effects of certain non-recurring or unusual expenses and certain income or loss that is not realized by the Company.

                       
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025     2024     2024  
          (in thousands)
          (Unaudited)
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
    Loss on extinguishment of debt     15,015              
    Unrealized commodity derivative gain, net     (882 )     (497 )     (1,122 )
    Allowance for credit losses     155       118       84  
    Non-recurring legal and IT-related costs     528       860       758  
    Non-ARO P&A costs     (197 )     (2,763 )     5,352  
    Other     (71 )     (1,302 )     (214 )
    Tax effect of selected items (1)     (3,055 )     753       (1,020 )
    Adjusted net loss   $ (19,084 )   $ (26,193 )   $ (7,636 )
                       
    Adjusted net loss per common share (basic and diluted)   $ (0.13 )   $ (0.18 )   $ (0.05 )
                       
    Weighted average shares outstanding (basic and diluted)     147,598       147,365       146,857  

    (1)   Selected items were tax effected with the Federal Statutory Rate of 21% for each respective period.

    W&T OFFSHORE, INC. AND SUBSIDIARIES
    Non-GAAP Information

    Adjusted EBITDA/ Free Cash Flow Reconciliations

    The Company also presents non-GAAP financial measures of Adjusted EBITDA and Free Cash Flow. The Company defines Adjusted EBITDA as net loss plus net interest expense, loss on extinguishment of debt, income tax (benefit) expense, depreciation, depletion and amortization, ARO accretion, excluding the unrealized commodity derivative gain, allowance for credit losses, non-cash incentive compensation, non-recurring legal and IT-related costs, non-ARO P&A costs, and other. Company management believes this presentation is relevant and useful because it helps investors understand W&T’s operating performance and makes it easier to compare its results with those of other companies that have different financing, capital and tax structures. Adjusted EBITDA should not be considered in isolation from or as a substitute for net income, as an indication of operating performance or cash flows from operating activities or as a measure of liquidity. Adjusted EBITDA, as W&T calculates it, may not be comparable to Adjusted EBITDA measures reported by other companies. In addition, Adjusted EBITDA does not represent funds available for discretionary use.

    The Company defines Free Cash Flow as Adjusted EBITDA (defined above), less capital expenditures, P&A costs and net interest expense (all on an accrual basis). For this purpose, the Company’s definition of capital expenditures includes costs incurred related to oil and natural gas properties (such as drilling and infrastructure costs and the lease maintenance costs) and equipment but excludes acquisition costs of oil and gas properties from third parties that are not included in the Company’s capital expenditures guidance provided to investors. Company management believes that Free Cash Flow is an important financial performance measure for use in evaluating the performance and efficiency of its current operating activities after the impact of accrued capital expenditures, P&A costs and net interest expense and without being impacted by items such as changes associated with working capital, which can vary substantially from one period to another. There is no commonly accepted definition of Free Cash Flow within the industry. Accordingly, Free Cash Flow, as defined and calculated by the Company, may not be comparable to Free Cash Flow or other similarly named non-GAAP measures reported by other companies. While the Company includes net interest expense in the calculation of Free Cash Flow, other mandatory debt service requirements of future payments of principal at maturity (if such debt is not refinanced) are excluded from the calculation of Free Cash Flow. These and other non-discretionary expenditures that are not deducted from Free Cash Flow would reduce cash available for other uses.

    The following table presents a reconciliation of the Company’s net loss income, a GAAP measure, to Adjusted EBITDA and Free Cash Flow, as such terms are defined by the Company:

                       
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025     2024     2024  
        (in thousands)
        (Unaudited)
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
    Interest expense, net     9,492       10,226       10,072  
    Loss on extinguishment of debt     15,015              
    Income tax (benefit) expense     (4,615 )     (1,849 )     1,045  
    Depreciation, depletion and amortization     32,891       38,208       33,937  
    Asset retirement obligations accretion     8,392       8,157       7,969  
    Unrealized commodity derivative gain, net     (882 )     (497 )     (1,122 )
    Allowance for credit losses     155       118       84  
    Non-cash incentive compensation     2,087       3,818       3,032  
    Non-recurring legal and IT-related costs     528       860       758  
    Non-ARO P&A costs     (197 )     (2,763 )     5,352  
    Other     (71 )     (1,302 )     (214 )
    Adjusted EBITDA   $ 32,218     $ 31,614     $ 49,439  
                       
    Capital expenditures, accrual basis (1)   $ (8,472 )   $ (12,228 )   $ (3,156 )
    Asset retirement obligation settlements     (3,771 )     (19,348 )     (3,788 )
    Interest expense, net     (9,492 )     (10,226 )     (10,072 )
    Free Cash Flow   $ 10,483     $ (10,188 )   $ 32,423  


    (1)
    A reconciliation of the adjustment used to calculate Free Cash Flow to the Condensed Consolidated Financial Statements is included below:

                       
    Capital expenditures, accrual basis reconciliation                  
    Investment in oil and natural gas properties and equipment   $ (6,665 )   $ (14,124 )   $ (7,080 )
    Less: change in accrual for capital expenditures     1,807       (1,896 )     (3,924 )
    Capital expenditures, accrual basis   $ (8,472 )   $ (12,228 )   $ (3,156 )

    The following table presents a reconciliation of cash flow from operating activities, a GAAP measure, to Free Cash Flow, as defined by the Company:

                       
        Three Months Ended
        March 31,    December 31,    March 31,
        2025     2024     2024  
        (in thousands)
        (Unaudited)
    Net cash (used in) provided by operating activities   $ (3,196 )   $ (4,317 )   $ 11,642  
    Allowance for credit losses     155       118       84  
    Amortization of debt items     (1,099 )     (1,117 )     (1,292 )
    Non-recurring legal and IT-related costs     528       860       758  
    Current tax (benefit) expense (1)     902       92       312  
    Change in derivatives receivable (payable) (1)     1,687       (972 )     1,156  
    Non-ARO P&A costs     (197 )     (2,763 )     5,352  
    Changes in operating assets and liabilities, excluding asset retirement obligation settlements     20,246       11,441       17,781  
    Capital expenditures, accrual basis     (8,472 )     (12,228 )     (3,156 )
    Other     (71 )     (1,302 )     (214 )
    Free Cash Flow   $ 10,483     $ (10,188 )   $ 32,423  


    (1)
    A reconciliation of the adjustments used to calculate Free Cash Flow to the Condensed Consolidated Financial Statements is included below:

                       
    Current tax (benefit) expense:                  
    Income tax (benefit) expense   $ (4,615 )   $ (1,849 )   $ 1,045  
    Less: Deferred income (benefit) taxes     (5,517 )     (1,941 )     733  
    Current tax expense   $ 902     $ 92     $ 312  
                       
    Changes in derivatives receivable (payable)                  
    Derivatives receivable (payable), end of period   $ 310     $ (1,377 )   $ 1,427  
    Derivatives payable (receivable), beginning of period     1,377       405       (271 )
    Change in derivatives receivable (payable)   $ 1,687     $ (972 )   $ 1,156  
         
    CONTACT: Al Petrie Sameer Parasnis
      Investor Relations Coordinator Executive VP and CFO
      investorrelations@wtoffshore.com sparasnis@wtoffshore.com
      713-297-8024 713-513-8654

    Source: W&T Offshore, Inc.

    MIL OSI Economics

  • MIL-OSI: Best New Online Casinos: JACKBIT Voted #1 Online Casino for New Crypto Players

    Source: GlobeNewswire (MIL-OSI)

    LARNACA, Cyprus, May 06, 2025 (GLOBE NEWSWIRE) — After spending time exploring different crypto casinos, we quickly realized that many just didn’t meet expectations. The bonuses felt small, the game selections were limited, and the overall experience wasn’t very memorable.

    Then we got to know about JACKBIT, and it made a real difference. From the moment we signed up, it impressed us with a generous welcome bonus, fast crypto payments, and a wide variety of games. The platform was easy to use, and everything worked seamlessly. JACKBIT truly stands out as one of the best new online casinos available.

    ✅JOIN JACKBIT TODAY AND START PLAYING INSTANTLY — NO KYC REQUIRED!

    Our Favourite Overall New Crypto Casino: JACKBIT

    JACKBIT has solidified its position as the best new online casino for 2025, offering a perfect blend of innovation, variety, and player-focused features. This brand-new online casino sets itself apart with its no-KYC policy, ensuring total anonymity for players who prioritize privacy. With over 7,000 games powered by 85 leading software providers, JACKBIT caters to every gaming preference, from slots to live dealer tables and a sportsbook featuring over 82,000 live monthly events. Its seamless support for 17+ cryptocurrencies and fiat options like Visa and Apple Pay makes it accessible to a global audience, reinforcing its status among the best crypto casinos.

    The platform’s intuitive design and lightning-fast crypto transactions create a hassle-free experience for both casual players and high rollers. JACKBIT’s commitment to delivering value through generous promotions, such as weekly giveaways and a robust VIP program, keeps players engaged. Whether you’re spinning slots or betting on sports, this new online casino offers a dynamic and rewarding experience that’s hard to beat. Its rapid rise since its 2022 launch underscores its credibility as a leader in the best new online casinos.

    JACKBIT Casino Features

    JACKBIT’s feature-rich platform makes it a standout in the best new online casinos, combining cutting-edge technology with user-centric design. Here’s a detailed look at what sets it apart:

    • License and Security: JACKBIT operates under a Curacao Gaming License, ensuring a regulated and fair gaming environment. Its no-KYC policy enhances privacy, making it a top anonymous online casino, though some players may prefer stricter licenses like those from Malta or the UKGC. SSL encryption protects all transactions and data, aligning with industry standards.
    • Bonuses and Promotions: New players are welcomed with a 30% Rakeback and 100 free spins on their first deposit. Ongoing offers include $10,000 weekly giveaways, 10,000 free spins, a VIP program with up to 30% Rakeback, social media bonuses, and Pragmatic Drops & Wins with a €2,000,000 prize pool. These promotions add significant value for players.
    • Game Library: With over 7,000 games, JACKBIT offers slots, table games (blackjack, roulette, poker, baccarat), live dealers, and a sportsbook covering 140+ sports with 4,500+ betting options. This diversity ensures every player finds something to enjoy.
    • Game Providers: JACKBIT partners with industry leaders like NetEnt, Microgaming, Evolution Gaming, Pragmatic Play, and Betsoft, guaranteeing high-quality, immersive gameplay across all categories.
    • Banking Options: The platform supports 17+ cryptocurrencies, including Bitcoin, Ethereum, Tether, and Solana, alongside fiat methods like Visa, MasterCard, Google Pay, and Apple Pay. Crypto transactions are instant and fee-free, making it a top Pay ID casino alternative.
    • Customer Support: 24/7 live chat in multiple languages (English, German, French, Spanish) provides prompt, professional assistance. An extensive FAQ section further enhances user trust.
    • Mobile Experience: Fully optimized for iOS and Android, JACKBIT delivers seamless gameplay without a dedicated app, ensuring accessibility on the go.

    These features collectively position JACKBIT as a trailblazer in the best new online casinos, offering a comprehensive and enjoyable gaming experience for all players. Its focus on privacy, variety, and speed makes it a go-to choice for modern gamblers.

    ✅CLAIM YOUR 100 FREE SPINS NOW AT JACKBIT CASINO!

    What Makes JACKBIT Better Than Other New Crypto Casinos

    JACKBIT stands out among the best new online casinos due to its unique combination of privacy, variety, and innovative features. Here’s why it surpasses its competitors:

    • Unmatched Privacy with No KYC: Unlike many crypto casinos that require identity verification, JACKBIT’s no-KYC policy allows players to enjoy a fully anonymous online casino experience. This makes it the best choice for those prioritizing discretion, setting it apart from other new online casinos.
    • Expansive Game Library: With over 7,000 games, JACKBIT offers a broader selection than most competitors. From high-RTP slots to live dealer tables and a sportsbook with 140+ sports, it ensures every player finds their niche, making it a leader in the best crypto casinos.
    • Superior Payment Flexibility: Supporting 17+ cryptocurrencies and fiat options like Google Pay and Apple Pay, JACKBIT provides faster, fee-free payouts compared to many other platforms. This flexibility enhances its appeal among the best new online casinos.
    • Innovative Bonuses: JACKBIT’s 30% Rakeback and 100 free spins welcome offer, combined with unique promotions like social media bonuses and weekly giveaways, deliver more value than standard deposit matches found at other brand new online casinos.
    • Robust Sportsbook: While many crypto casinos focus solely on casino games, JACKBIT’s sportsbook, with 82,000+ live events and 4,500+ betting types, caters to sports betting enthusiasts, adding a unique dimension to its offerings.
    • Global Accessibility: Multilingual support in English, German, French, and Spanish, paired with a mobile-optimized platform, makes JACKBIT more inclusive than region-locked competitors, reinforcing its position in the best new online casinos.

    JACKBIT’s ability to combine privacy, variety, and innovative rewards creates a gaming experience that’s hard to match. Its player-centric approach and global reach make it a top contender among the best crypto casinos, appealing to both casual players and seasoned gamblers.

    What We Like and Don’t Like About JACKBIT Casino

    Like any platform, JACKBIT has its strengths and areas for improvement. Here’s a balanced look at what makes it shine and where it could grow among the best new online casinos.

    Advantages

    • No KYC Requirement: JACKBIT’s no-KYC policy makes it the best anonymous online casino, offering unparalleled privacy for players who value discretion.
    • Massive Game Library: With over 7,000 titles, including slots, table games, live dealers, and a comprehensive sportsbook, JACKBIT caters to every gaming preference.
    • Diverse Payment Options: Supporting 17+ cryptocurrencies and fiat methods like Visa and Google Pay, JACKBIT ensures fast, secure, and fee-free transactions, rivaling top Pay ID casino platforms.
    • Generous Bonuses: From a 30% Rakeback and 100 free spins welcome offer to weekly giveaways and a rewarding VIP program, JACKBIT keeps players engaged with valuable rewards.
    • Instant Crypto Payouts: Players can access winnings quickly, thanks to fee-free, instant crypto withdrawals, a key feature of the best new online casinos.
    • 24/7 Multilingual Support: Live chat in multiple languages ensures global players receive prompt, professional assistance at any time.
    • Comprehensive Sportsbook: With 140+ sports and 82,000+ live events, JACKBIT’s sportsbook adds a dynamic layer to its casino offerings, appealing to sports betting fans.

    Disadvantages

    • Curacao License: While reputable, the Curacao Gaming License may be seen as less stringent than those from Malta or the UKGC, which could concern some players.
    • Limited Game Category Details: Certain games, like craps, lack detailed information in some reviews, which could improve transparency for players exploring the best new online casinos.
    • No Dedicated Mobile App: Although the mobile site is highly responsive, the absence of a dedicated app might disappoint some users who prefer app-based gaming.

    Overall, JACKBIT’s strengths far outweigh its minor drawbacks, making it a top choice among the best new online casinos. Its focus on privacy, variety, and player rewards ensures a standout experience, even as it continues to refine its offerings.

    How We Selected the Best New Online Casino

    Selecting the best new online casinos involves a meticulous evaluation of critical factors to ensure a safe, enjoyable, and rewarding experience. Our process for choosing JACKBIT as a leader in this category is thorough and transparent. Here’s how we assessed it:

    • License and Security: A valid license is non-negotiable for trust and compliance. JACKBIT’s Curacao Gaming License ensures legal operation and regular audits for fairness. Its no-KYC policy enhances privacy, making it a top anonymous online casino, while SSL encryption safeguards player data and transactions.
    • Bonuses and Promotions: Competitive bonuses attract and retain players. JACKBIT’s 30% Rakeback and 100 free spins welcome offer, combined with weekly $10,000 giveaways, 10,000 free spins, and a VIP program, provide exceptional value compared to other new online casinos.
    • Game Variety: A diverse game library is essential for player satisfaction. JACKBIT’s 7,000+ games, including slots, table games, live dealers, and a sportsbook with 140+ sports, cater to all preferences, setting it apart in the best new online casinos.
    • Casino Game Providers: Partnerships with top providers guarantee quality and innovation. JACKBIT collaborates with industry leaders like NetEnt, Microgaming, Evolution Gaming, and Pragmatic Play, ensuring cutting-edge gameplay across all categories.
    • Banking Methods: Flexible and secure payment options are vital. JACKBIT supports 17+ cryptocurrencies (Bitcoin, Ethereum, Tether) and fiat methods (Visa, Google Pay, Apple Pay), with instant, fee-free crypto transactions, making it a strong Pay ID casino alternative.
    • Customer Support: Reliable support builds trust and enhances the user experience. JACKBIT’s 24/7 live chat in multiple languages, coupled with a comprehensive FAQ section, ensures players receive prompt, professional assistance.
    • User Experience: An intuitive interface and mobile compatibility are key to accessibility. JACKBIT’s sleek design and fully optimized mobile platform deliver seamless gameplay on desktops, tablets, and smartphones, a hallmark of the best new online casinos.

    This rigorous evaluation process confirms JACKBIT’s position as a leader in the best new online casinos, offering a secure, diverse, and player-focused experience that meets the needs of modern gamblers.

    How We Chose JACKBIT as the Best Online Casino

    Our methodology for selecting the best crypto casinos prioritizes player satisfaction, reliability, and innovation. JACKBIT emerged as a top contender among the best new online casinos due to its exceptional performance across these key criteria:

    • User Experience: A seamless, intuitive platform is critical for player enjoyment. JACKBIT’s clean design, easy navigation, and mobile-friendly interface make it accessible to all users, from beginners to seasoned players, setting it apart from other brand-new online casinos.
    • Game Quality and Innovation: High-quality games from trusted providers ensure fairness and engagement. JACKBIT’s partnerships with NetEnt, Evolution Gaming, and Pragmatic Play deliver top-tier experiences, with innovative features like provably fair games and immersive live dealer tables.
    • Bonus Fairness: Promotions should offer genuine value with transparent terms. JACKBIT’s 30% Rakeback, 100 free spins, and weekly giveaways are player-friendly, providing more rewards than many competitors in the best new online casinos.
    • Payment Speed and Security: Fast, secure transactions are essential for a modern casino. JACKBIT’s instant crypto payouts, fee-free withdrawals, and robust encryption set a high standard, making it a top choice for players seeking a Pay ID casino alternative.
    • Reputation and Feedback: Player reviews and industry standing are critical indicators of credibility. Since its 2022 launch, JACKBIT has earned positive feedback on platforms like Trustpilot and AskGamblers, confirming its reliability among the best crypto casinos.
    • Responsible Gambling: Tools like deposit limits, self-exclusion, and reality checks promote safe play. JACKBIT’s commitment to responsible gaming aligns with the standards of the best new online casinos, ensuring player well-being.

    By excelling in these areas, JACKBIT proves itself as a leader in the best crypto casinos, delivering a reliable, innovative, and rewarding experience for players worldwide.

    How to Join JACKBIT

    Joining JACKBIT, one of the best new online casinos, is a quick and straightforward process, thanks to its streamlined, no-KYC registration. This makes it an ideal choice for players seeking an anonymous online casino. Follow these simple steps to get started:

    1. Visit JACKBIT’s official website using a secure browser.
    2. Locate and click the “Sign Up” or “Register” button in the top-right corner of the homepage.
    3. Provide minimal details, such as an email address, password, and preferred currency, to maintain anonymity.
    4. Choose a payment method from 17+ cryptocurrencies (e.g., Bitcoin, Ethereum) or fiat options (e.g., Visa, Google Pay) and make your first deposit.
    5. Claim the 30% Rakeback and 100 free spins welcome bonus to boost your gaming experience.
    6. Start exploring the 7,000+ games or dive into the sportsbook for betting action.

    The entire process takes less than five minutes, making JACKBIT one of the most accessible new online casinos. Before signing up, ensure you meet your jurisdiction’s legal gambling age, typically 18 or 19, to comply with regulations. JACKBIT’s user-friendly onboarding process reinforces its position as a top choice among the best new online casinos, offering instant access to a world of gaming excitement.

    ✅SIGN UP AT JACKBIT AND ENJOY FAST, ANONYMOUS PLAY!

    The Selection Process: Defining Excellence in Online Gaming

    Our selection process for identifying the best new online casinos is rigorous and transparent, focusing on measurable criteria that define excellence in online gaming. JACKBIT excels across these key areas, earning its place as a leader in the industry:

    • Game Quality and Variety: A diverse, high-quality game library is essential for player satisfaction. JACKBIT’s 7,000+ titles, including slots, table games, live dealers, and a sportsbook with 140+ sports, set a benchmark for variety and quality in the best new online casinos.
    • User Experience: Intuitive navigation and cross-device compatibility are critical for accessibility. JACKBIT’s responsive design ensures seamless gameplay on desktops, tablets, and smartphones, making it a standout among brand new online casinos.
    • Bonuses and Fairness: Promotions should enhance gameplay without excessive restrictions. JACKBIT’s 30% Rakeback, 100 free spins, and weekly giveaways are generous and transparent, offering more value than many competitors in the best crypto casinos.
    • Payment Flexibility: Secure, diverse payment methods cater to modern player needs. JACKBIT’s support for 17+ cryptocurrencies and fiat options like Apple Pay provides unmatched convenience, positioning it as a top Pay ID casino alternative.
    • Security and Trust: Licensing, encryption, and fair play are paramount for player confidence. JACKBIT’s Curacao Gaming License, SSL encryption, and no-KYC policy build trust, making it a leading anonymous online casino.
    • Innovation: Features like crypto integration and anonymous play set top casinos apart. JACKBIT’s no-KYC approach, extensive crypto support, and innovative promotions make it a pioneer in the best new online casinos.

    This comprehensive process confirms JACKBIT’s excellence, redefining standards for online gaming and solidifying its position as a top choice among the best new online casinos in 2025.

    Games Offered in JACKBIT

    JACKBIT’s game library is a cornerstone of its appeal, offering over 7,000 titles across multiple categories. This extensive selection makes it a standout among the best new online casinos, catering to every type of player. Below is a detailed exploration of its offerings:

    1. Slots

    Slots dominate JACKBIT’s catalog, with over 5,000 titles, including 180+ Megaways and progressive jackpots. These games range from classic fruit machines to modern video slots with cinematic graphics and immersive storylines. Popular titles include:

    • Gold Party: A high-volatility slot with massive payout potential, ideal for thrill-seekers.
    • Chilli Heat: A vibrant, medium-variance slot with engaging free spins features, perfect for casual players.
    • Wolf Gold: A fan-favorite with stacked wilds and jackpot opportunities, offering exciting gameplay.

    Regular slot tournaments and free spins promotions enhance the experience, making JACKBIT a top destination for slot enthusiasts in the best new online casinos.

    2. Table Games

    JACKBIT offers a robust selection of table games for players who enjoy strategy and skill-based gaming:

    • Craps: A thrilling dice game with multiple betting options, available in RNG format and possibly live dealer versions, appealing to risk-takers.
    • Blackjack: Variants like Power Blackjack, Blackjack VIP, and Infinite Blackjack offer low house edges and strategic depth, catering to both novices and experts.
    • Roulette: Options include European, American, and Lightning Roulette, each with unique gameplay and betting limits to suit different preferences.
    • Poker: Titles like Texas Hold’em, Caribbean Stud, and video poker variants such as Jacks or Better provide diverse options for poker fans.
    • Baccarat: Features Mini Baccarat, VIP Baccarat, and Speed Baccarat for quick-play enthusiasts seeking fast-paced action.

    These table games combine skill and excitement, reinforcing JACKBIT’s position among the best new online casinos.

    3. Live Dealer Games

    JACKBIT’s live dealer section, powered by industry leaders like Evolution Gaming and Pragmatic Play, delivers an authentic casino experience:

    • Live Blackjack: Multiple tables with low-stakes and VIP options, featuring real-time interaction with professional dealers.
    • Live Roulette: Variants like Immersive Roulette and Auto Roulette provide dynamic gameplay with high-definition streaming.
    • Live Baccarat: Includes No Commission Baccarat and Punto Banco, offering fast-paced action for baccarat fans.
    • Game Shows: Titles like Dream Catcher, Mega Wheel, and Crazy Time add interactive fun with big win potential, appealing to players seeking entertainment.

    High-definition streaming, professional dealers, and real-time chat create an immersive environment, making JACKBIT a top choice for live gaming fans in the best crypto casinos.

    4. Sportsbook

    JACKBIT’s sportsbook is a standout feature, offering:

    • 140+ sports, including football, basketball, tennis, cricket, and e-sports like Dota 2 and Counter-Strike.
    • 82,000+ live monthly events and 75,000+ pre-match events, ensuring constant betting opportunities.
    • 4,500+ betting types, from moneylines to prop bets, with competitive odds and live streaming for select events.

    The sportsbook’s depth and variety make it a go-to for sports betting enthusiasts, complementing JACKBIT’s casino offerings and reinforcing its status as a leader in the best new online casinos.

    5. Specialty Games

    JACKBIT also offers low-stakes, high-fun options for casual players:

    • Bingo: Over 20 titles, such as Shamrock Bingo and Burning Pearl Bingo, provide quick, entertaining gameplay.
    • Scratch Cards: Digital scratch games with instant-win mechanics, perfect for fast-paced fun.
    • Mini-Games: Crypto-friendly options like Aviator and Plinko, known for their simplicity and high RTPs, appeal to players seeking unique experiences.

    These specialty games add diversity to JACKBIT’s portfolio, catering to a wide audience in the best new online casinos.

    6. Virtual Sports

    JACKBIT’s virtual sports section includes simulated events like virtual football, horse racing, and greyhound racing. Powered by advanced algorithms, these games offer 24/7 betting opportunities with realistic graphics and quick results, making them a great addition for sports fans.

    This extensive game variety ensures JACKBIT remains a top choice among the best new online casinos, offering something for every player, from slot enthusiasts to sports bettors.

    Additional Gaming Features

    JACKBIT enhances its gaming experience with several unique features that elevate it among the best new online casinos:

    • Tournaments: Regular slot and table game tournaments offer cash prizes and free spins, adding a competitive edge for players seeking excitement.
    • Progressive Jackpots: Slots like Mega Moolah and Divine Fortune provide the chance for life-changing payouts, attracting high-stakes players.
    • Demo Mode: Many games offer free play, allowing players to test strategies or explore new titles without risking funds, a valuable feature for beginners.
    • Multi-Language Support: Games are available in multiple languages, including English, German, French, and Spanish, catering to a global audience and enhancing accessibility.

    These features make JACKBIT a dynamic and engaging platform, solidifying its reputation as a leader in the best crypto casinos. By offering competitive tournaments, massive jackpots, and flexible play options, JACKBIT ensures players have a rewarding and personalized experience.

    ✅PLAY THOUSANDS OF GAMES WITH INSTANT PAYOUTS AT JACKBIT!

    Payment Options in JACKBIT

    JACKBIT’s payment system is designed for flexibility, speed, and security, making it a top pick among the best new online casinos. It supports both cryptocurrencies and fiat methods, catering to a diverse player base. Here’s a comprehensive overview:

    1. Cryptocurrencies

    JACKBIT accepts over 17 cryptocurrencies, ensuring fast, secure, and fee-free transactions:

    • Bitcoin (BTC): The most popular choice, offering instant deposits and withdrawals with full anonymity.
    • Ethereum (ETH): Known for quick processing and low transaction costs, ideal for frequent players.
    • Tether (USDT): A stablecoin that ensures value stability, perfect for consistent payouts.
    • Solana (SOL): Offers ultra-fast transactions and minimal fees, appealing to tech-savvy players.
    • Ripple (XRP): Provides rapid processing for seamless deposits and withdrawals.
    • Additional Cryptos: Includes Litecoin (LTC), Cardano (ADA), Dogecoin (DOGE), and more, providing ample options.

    Crypto transactions are processed instantly, with no fees, making JACKBIT a leader in the best crypto casinos for players seeking efficiency and privacy.

    2. Fiat Methods

    For players preferring traditional banking, JACKBIT offers:

    • Visa/MasterCard: Secure credit/debit card deposits are processed instantly, though withdrawals may take 1-3 days, depending on the provider.
    • Google Pay: A convenient option for mobile users, offering quick and secure deposits.
    • Apple Pay: Provides instant, secure deposits for iOS users, enhancing accessibility.
    • Bank Transfers: Reliable for larger transactions, though withdrawals may take 3-5 days and could incur minor fees.

    While JACKBIT doesn’t explicitly mention Pay ID casino support, its fiat options provide similar convenience for traditional banking users, ensuring accessibility for all players.

    Additional Notes

    • Minimum Deposits: Typically $10-$20 (or crypto equivalent), making JACKBIT accessible to players with varying budgets.
    • Withdrawal Limits: High limits, such as $10,000 weekly, cater to high rollers, with crypto withdrawals offering greater flexibility.
    • Security: SSL encryption and blockchain technology ensure safe transactions across all methods, aligning with the standards of the best new online casinos.

    JACKBIT’s diverse payment options, combined with its focus on speed and security, make it a top choice for players seeking a reliable and flexible gaming platform.

    Regulation of the Best Online Casinos

    Regulation is a cornerstone of trust in online gambling, and JACKBIT operates under a Curacao Gaming License, a common choice for crypto casinos due to its flexibility and global reach. This license ensures legal operation and regular audits for fairness, aligning with the standards of the best new online casinos. Key regulatory aspects include:

    • Licensing: The Curacao license guarantees compliance with international gaming standards, providing players with a safe and fair environment.
    • Data Protection: SSL encryption safeguards personal and financial data, ensuring secure transactions and privacy for all users.
    • Fair Play: Random Number Generators (RNGs) and provably fair games ensure unbiased outcomes, giving players confidence in the integrity of JACKBIT’s offerings.
    • Responsible Gambling: Tools like deposit limits, self-exclusion, and reality checks promote safe play, demonstrating JACKBIT’s commitment to player well-being.
    • Age Verification: JACKBIT enforces legal gambling age requirements (18 or 19, depending on jurisdiction), ensuring compliance with local regulations.

    While the Curacao license is reputable, some players may prefer casinos licensed by stricter authorities like the Malta Gaming Authority or UK Gambling Commission. However, JACKBIT’s no-KYC policy and robust security measures make it a trustworthy choice for those seeking an anonymous online casino. Its adherence to regulatory standards reinforces its position among the best crypto casinos.

    The Most Popular Payout Methods at JACKBIT

    JACKBIT’s payout methods are optimized for speed, convenience, and privacy, with cryptocurrencies leading the way due to their alignment with the platform’s no-KYC ethos. Here are the most popular options among players:

    • Bitcoin (BTC): The fastest and most widely used method, offering instant, fee-free withdrawals with complete anonymity, making it ideal for players in the best new online casinos.
    • Ethereum (ETH): Popular for its quick processing and low transaction costs, providing a seamless payout experience for frequent players.
    • Tether (USDT): A stablecoin that ensures consistent payout values, perfect for players seeking stability in their withdrawals.
    • Ripple (XRP): Known for ultra-fast transactions and minimal fees, offering a reliable option for quick payouts.
    • Visa/MasterCard: A dependable choice for fiat users, though withdrawals take 1-3 days and may incur minor fees, depending on the provider.

    Cryptocurrency payouts dominate due to their speed and privacy, aligning with JACKBIT’s status as a top anonymous online casino. Fiat options remain popular for players transitioning from traditional banking, offering flexibility similar to a Pay ID casino. JACKBIT’s focus on instant, secure payouts ensures players can access their winnings with ease, reinforcing its position among the best new online casinos.

    Responsible Gambling at JACKBIT

    JACKBIT prioritizes player well-being with a comprehensive suite of responsible gambling tools, ensuring a safe and enjoyable experience for all users. These features align with the standards of the best new online casinos and demonstrate JACKBIT’s commitment to promoting healthy gaming habits:

    • Deposit Limits: Players can set daily, weekly, or monthly caps on their deposits to manage spending and maintain control over their gaming budget.
    • Self-Exclusion: Options to temporarily or permanently suspend accounts allow players to take a break if needed, supporting long-term well-being.
    • Reality Checks: Periodic reminders of playtime and spending help players stay aware of their gaming activity, encouraging mindful play.
    • Support Resources: JACKBIT provides links to organizations like GamCare and Gambling Therapy, offering professional support for players seeking assistance.

    These tools empower players to game responsibly, ensuring JACKBIT remains a safe and trusted platform. By prioritizing player well-being, JACKBIT reinforces its reputation as a leader in the best crypto casinos, catering to a global audience with care and integrity.

    ✅JOIN NOW AND CLAIM YOUR SHARE OF MASSIVE REWARDS!

    Commonly Asked Questions

    1. Why is JACKBIT considered one of the best new online casinos?
      JACKBIT’s no-KYC policy, 7,000+ games, instant crypto payouts, and generous bonuses make it a top choice for 2025, offering a seamless and rewarding experience.
    2. What bonuses does JACKBIT offer?
      New players receive a 30% Rakeback and 100 free spins, plus weekly giveaways, VIP rewards, and Pragmatic Drops & Wins with a €2,000,000 prize pool.
    3. Which payment methods are most popular at JACKBIT?
      Bitcoin, Ethereum, Tether, and Visa/MasterCard are widely used for their speed, security, and reliability, making JACKBIT a strong Pay ID casino alternative.
    4. Is JACKBIT a brand-new online casino?
      Launched in 2022, JACKBIT is a relatively new online casino but has quickly gained prominence due to its innovative features and player-focused approach.
    5. Does JACKBIT support Pay ID casino options?
      While not explicitly mentioned, JACKBIT’s fiat options like Visa, Google Pay, and Apple Pay offer similar convenience for traditional banking users.

    EMAIL: support@jackbit.com

    Disclaimer and Affiliate Disclosure

    General Disclaimer

    This article is for informational and entertainment purposes only and does not constitute legal or financial advice. The content is based on research and user reviews, but no warranties are made. Players must verify all information before acting, as online gambling carries inherent risks. Ensure you meet your jurisdiction’s legal gambling age before participating.

    Casino and Gambling Disclaimer

    Online gambling involves risks and may not be suitable for everyone. Gambling laws vary by jurisdiction, and compliance is your responsibility. We do not promote gambling, and participation is at your own risk. JACKBIT is a third-party platform, and we are not liable for any losses or disputes arising from its use. Always gamble responsibly and seek professional advice if needed.

    Affiliate Disclosure

    This article may contain affiliate links, which earn us a commission at no additional cost to you for qualifying actions. These links help support our content creation. Our reviews remain unbiased, and we only recommend products and platforms we believe offer genuine value. Conduct your own research before signing up or making deposits to ensure JACKBIT meets your needs.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f15aa58-806e-4a39-80fd-fcdaa1a6ef34

    The MIL Network

  • MIL-OSI: Best Online Casinos UK: JACKBIT is Ranked the Most Trusted Online Casino of 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 06, 2025 (GLOBE NEWSWIRE) — JACKBIT Casino is making a bold impact on the UK’s online casino scene for 2025, offering a distinctive mix of privacy, speed, and premium gameplay. Since its launch in 2022, it has become a top choice for UK players who value no KYC requirements, instant crypto withdrawals, and access to over 7,000 games. With a sleek, user-friendly interface and full cryptocurrency support, JACKBIT delivers a modern, secure, and rewarding experience for real-money casino enthusiasts.

    ✔️JOIN JACKBIT & ACCESS 7,000+ GAMES INSTANTLY (UK ONLY)

    JACKBIT Casino Features for UK Players

    JACKBIT ranks among the best online casinos UK for 2025, offering privacy-first gaming with no KYC requirements. Players enjoy access to 7,000+ games, including top online pokies, live dealer tables, and more, powered by 85+ leading providers.

    It supports 20+ cryptocurrencies like Bitcoin, Ethereum, and Solana, plus fiat options such as Visa, MasterCard, Apple Pay, and Google Pay. With instant withdrawals, zero fees, and 24/7 multilingual support, JACKBIT delivers secure, flexible, and seamless gaming, making it a top-rated choice for crypto and real money casino fans.

    Our Favorite Overall Casino in the UK

    JACKBIT stands out in the best Online Casinos UK for 2025, thanks to its blend of anonymity, fast payouts, and top-tier gaming. Licensed by Curacao eGaming, it’s a leading no KYC casino, ensuring privacy without sacrificing security.

    UK players can claim 30% rakeback and 100 wager-free spins, plus enjoy a VIP program offering up to 30% rakeback. With a sleek interface, a sportsbook covering 140+ sports, and flexible crypto + fiat payment options, JACKBIT delivers a seamless, private, and high-reward casino experience.

    ✔️GRAB 30% RAKEBACK + 100 WAGER-FREE SPINS – VIP PERKS AWAIT!

    Benefits of JACKBIT:

    • No KYC Policy: A true Anonymous Online Casino, ideal for privacy-conscious UK players.
    • Instant Withdrawals: Crypto payouts processed in minutes, a hallmark of best Crypto Casinos.
    • Vast Game Library: Over 7,000 titles, including best online pokies, table games, and live dealer options.
    • Flexible Payments: Supports 20+ cryptocurrencies and fiat methods like Apple Pay and Visa.
    • Generous Bonuses: 30% rakeback, 100 free spins, weekly $10,000 giveaways, and Pragmatic Drops & Wins (€2,000,000) in best Online Casinos UK.
    • Robust Sportsbook: Covers 140+ sports with 82,000+ monthly live events.
    • Multilingual Support: 24/7 live chat in English, German, French, and more.

    Negatives of JACKBIT:

    • No Dedicated Mobile App: Mobile play is browser-based, unlike some New Online Casinos.
    • Limited Fiat Withdrawal Options: Crypto-focused withdrawals may inconvenience fiat users.
    • Occasional Verification for Large Withdrawals: May delay big payouts, despite the best No KYC Casino status.
    • Restricted in Some Regions: UK players must confirm eligibility due to licensing nuances.

    How To Join JACKBIT Casino? Step By Step

    Joining JACKBIT, a leader in best online casinos UK, is quick and straightforward:

    1. Visit the Official Site: Navigate to JACKBIT’s website and click “Sign Up.”
    2. Register Anonymously: Provide an email and password—no personal details required, aligning with its Anonymous Online Casino ethos.
    3. Deposit Funds: Choose from 20+ cryptocurrencies (e.g., Bitcoin, Ethereum) or fiat options like Visa or Apple Pay. The minimum deposit for the welcome bonus is $50.
    4. Claim Your Bonus: 30% rakeback and 100 wager-free spins.
    5. Start Playing: Dive into 7,000+ games, from best online pokies to sports betting, in best Crypto Casinos.

    ✔️CLICK HERE TO JOIN JACKBIT DIRECTLY

    How We Selected JACKBIT as the Best Online Casino in the UK

    Our rigorous evaluation process ensures JACKBIT ranks among the best online casinos in the UK. We assessed critical factors to identify the top crypto casinos for UK players:

    License and Security

    JACKBIT operates under a Curacao eGaming license, guaranteeing legitimacy and fair play. Advanced SSL encryption and a no KYC policy make it a secure best No KYC Casino, safeguarding UK players’ data and transactions in best online casinos UK.

    Bonuses and Promotions

    JACKBIT’s welcome offer, 30% rakeback, and 100 wager-free spins set a high standard in the best online casinos. Weekly $10,000 tournaments, Daily 1000 free spins, and Pragmatic Drops & Wins. The VIP rakeback system (up to 30%) and social media bonuses reward loyalty, making it a favorite in New Online Casinos.

    Casino Games

    Boasting over 7,000 games, JACKBIT offers unmatched variety, from slots and table games to live dealer options and a sportsbook with 140+ sports. This diversity appeals to all UK players in best Online Casinos UK.

    Casino Game Providers

    JACKBIT collaborates with 85 industry-leading providers, including Pragmatic Play, NetEnt, Evolution Gaming, Play’n GO, and Microgaming, ensuring top-quality online pokies and live games in best Crypto Casinos.

    Banking Methods

    JACKBIT supports 20+ cryptocurrencies (Bitcoin, Ethereum, Tether, Solana, etc.) and fiat options (Visa, MasterCard, Apple Pay, Google Pay, bank transfer) tailored for UK players. Instant crypto deposits and withdrawals position it as a leader in Pay ID Casino and best online casinos UK.

    Customer Support

    Available 24/7 via live chat in multiple languages (English, German, French, etc.), JACKBIT’s responsive support enhances its reputation as a top no KYC casino. Email support ([email protected]) ensures reliable assistance for UK players.

    How We Choose the Top-Rated Casino Sites in the UK

    To rank the best online casinos UK, we evaluate licensing, game variety, payment speed, bonuses, customer support, and user experience. JACKBIT excels with its Curacao license, 7,000+ games, instant crypto payouts, and no KYC policy, making it a premier anonymous online casino.

    Mobile compatibility, responsible gambling tools (self-exclusion, deposit limits), and player feedback from platforms like Trustpilot are also critical, cementing JACKBIT’s status in new online casinos and best crypto casinos in the UK.

    The Selection Process: Defining Excellence in Online Gaming

    Our selection process for the best online casinos UK is meticulous:

    • Gameplay Testing: We played slots, poker, live dealer games, and sports betting to assess quality, fairness, and RTP rates.
    • Payment Verification: Tested deposits and withdrawals for speed, reliability, and fees in Pay ID Casino options.
    • Bonus Evaluation: Analyzed wagering requirements, bonus terms, and overall value.
    • Security Checks: Confirmed licensing, encryption, and responsible gambling measures for best no KYC Casino standards.
    • Player Feedback: Reviewed Trustpilot and forum insights for real user experiences in best crypto casinos.

    JACKBIT’s instant payouts, vast game selection, and privacy-first approach made it the top choice for best online casinos UK.

    A Gaming Paradise: 8,000+ Ways to Play

    While JACKBIT’s library is closer to 7,000 games (not 8,000 as sometimes claimed), it remains a gaming paradise for UK players in best online casinos UK. From best online pokies to live dealer tables, digital scratch cards, and a comprehensive sportsbook, the platform caters to every taste. Its sportsbook, featuring 82,000+ monthly live events, 75,000+ pre-match events, 4,500+ betting types, and 140+ sports, adds unparalleled versatility, making JACKBIT a standout in best crypto casinos.

    Craps

    JACKBIT offers digital craps with provably fair outcomes, delivering fast-paced dice action. The intuitive interface and customizable betting options make it accessible for beginners and seasoned UK players in new online casinos.

    Live Dealer Games

    With over 250 live dealer games from Evolution Gaming, Pragmatic Play, and Ezugi, JACKBIT provides immersive experiences in blackjack, roulette, baccarat, and game shows like Dream Catcher and Crazy Time. High-definition streaming, multi-camera angles, and professional dealers make it a highlight of the best crypto casinos.

    Poker

    Poker fans enjoy variants like Casino Hold’em, Caribbean Stud, Three Card Poker, and Texas Hold’em, with daily tournaments offering cash prizes and leaderboards. JACKBIT’s poker offerings are a draw for strategic players in the best online casinos UK.

    Roulette

    From XXXtreme Lightning Roulette to classic European, American, and French variants, JACKBIT’s roulette selection is diverse, with high RTPs (up to 97.3%) and sleek graphics in the best No KYC casinos. Features like auto-play and bet history enhance the experience.

    Blackjack

    Blackjack enthusiasts explore numerous variants, including live dealer tables with side bets (Perfect Pairs, 21+3) and multi-hand options. High RTPs (up to 99.5%) and strategic depth make it a favorite in Anonymous Online Casino.

    Slots

    With over 5,000 slot titles, including progressive jackpots (Mega Moolah), Megaways (Bonanza), and classic fruit machines, JACKBIT’s best online pokies cater to all preferences. Popular titles like Tasty Bonanza, Rise of Olympus deliver thrilling gameplay with RTPs ranging from 95% to 98% in the best online casinos.

    Table Games

    Beyond poker, roulette, and blackjack, JACKBIT offers baccarat, sic bo, and hi-lo. These games feature RNG and live versions, with flexible betting limits (£0.10 to £5,000) to suit casual players and high rollers in the best online casinos UK.

    Digital Scratch Cards

    JACKBIT includes digital scratch card games, offering instant-win excitement with themes like treasure hunts and sports. High RTPs (up to 94%) and low stake best cryptos make them popular in new online Casinos.

    Mini-Games

    JACKBIT’s mini-games, such as Aviator, Plinko, and Mines, provide quick, crypto-friendly entertainment. Provably fair algorithms ensure transparency, appealing to UK players in best crypto casinos.

    Sportsbook

    JACKBIT’s sportsbook is a major draw, covering 140+ sports, including football, cricket, rugby, tennis, esports, and niche options like Gaelic hurling. With 82,000+ monthly live events, 75,000+ pre-match events, and 4,500+ betting types (e.g., over/under, handicaps), it offers competitive odds and in-play betting, making it a top feature in best online casinos UK.

    ✔️JOIN JACKBIT NOW & UNLOCK EXCLUSIVE BONUSES!

    Payment Options

    JACKBIT’s payment system is a cornerstone of its appeal in the best online casinos UK, offering a robust blend of cryptocurrency and fiat methods tailored for UK players. All transactions are fee-free, with instant crypto deposits and withdrawals, and fiat processing times are competitive.

    Cryptocurrencies (20+)

    JACKBIT supports an extensive range of cryptocurrencies, ensuring fast, secure, and private transactions for UK players:

    • Bitcoin (BTC): Minimum deposit $20, instant withdrawals, 1–5 minute processing.
    • Ethereum (ETH): Supports ERC-20 tokens, instant payouts, and low gas fees.
    • Tether (USDT): Stablecoin for low volatility, instant withdrawals.
    • Solana (SOL): High-speed transactions, minimal fees, 1–3 minute processing.
    • Ripple (XRP): Near-instant transfers, popular in Pay ID Casino.
    • Litecoin (LTC): A Fast alternative to Bitcoin, with low fees and instant payouts.
    • Binance Coin (BNB): Supports BEP-20 tokens, instant processing.
    • Cardano (ADA): Eco-friendly blockchain, quick withdrawals.
    • Dogecoin (DOGE): Fun and fast for small transactions, instant payouts.
    • USD Coin (USDC): Stablecoin with 1:1 USD peg, instant processing.
    • TRON (TRX): High throughput, low-cost transfers, 1–5 minutes.
    • Bitcoin Cash (BCH): Faster than Bitcoin, low fees, instant withdrawals.
    • Monero (XMR): Privacy-focused, ideal for an Anonymous Online Casino, instant payouts.
    • Chainlink (LINK): Supports DeFi integrations, quick processing.
    • Polygon (MATIC): Scalable Ethereum layer-2 solution, instant withdrawals.
    • Shiba Inu (SHIB): Meme coin with growing adoption, 1–5 minute processing.
    • Dai (DAI): Decentralized stablecoin, instant payouts.
    • Dash (DASH): Enhanced privacy and speed, instant withdrawals.
    • Stellar (XLM): Low-cost cross-border payments, 1–3 minute processing.
    • Cosmos (ATOM): Interoperable blockchain, quick withdrawals.

    Fiat Payment Methods

    JACKBIT accommodates UK players preferring traditional methods, with secure and reliable options:

    • Visa/MasterCard: Minimum deposit $20, instant deposits, withdrawals in 1–3 days.
    • Apple Pay: Secure mobile payments, instant deposits, withdrawals in 1–2 days.
    • Google Pay: Fast and convenient, instant deposits, withdrawals in 1–2 days.
    • Bank Transfer: Minimum $50, ideal for larger transactions, deposits in 1–3 days, withdrawals in 3–5 days.

    Additional Payment Notes

    • No Transaction Fees: JACKBIT charges zero fees for deposits or withdrawals, enhancing its appeal in the best crypto casinos.
    • Currency Conversion: Fiat deposits in GBP are supported, with automatic conversion for crypto wallets if needed.
    • Withdrawal Limits: Crypto withdrawals have no upper limit; fiat withdrawals cap at $10,000 per transaction for bank transfers. Large payouts may require verification, slightly delaying processing in best No KYC casino.
    • UK Availability: All listed payment methods are confirmed available for UK players, per JACKBIT’s terms and web research.

    These options ensure JACKBIT’s versatility in best online casinos UK, catering to both crypto enthusiasts and traditional payment users. UK players should verify eligibility for fiat withdrawals due to regional banking restrictions.

    Customer Support

    JACKBIT’s customer support is a pillar of its success in best online casinos UK. Available 24/7 via live chat in multiple languages (English, German, French, Spanish, Russian, etc.), the team resolves queries promptly, typically within 1–3 minutes. Email support ([email protected]) offers a reliable alternative for detailed inquiries, with responses within 12–24 hours. Social media channels (Twitter, Telegram) provide additional support and bonus updates, appealing to UK players in best crypto casinos.

    The Most Popular Payout Methods at Online New Zealand Casinos

    While the query mentions New Zealand, we focus on UK-relevant payout methods, as JACKBIT’s systems align globally with slight regional variations. The most popular payout methods for UK players in best online casinos UK include:

    • Bitcoin (BTC): Fastest option, processed in 1–5 minutes, no fees.
    • Tether (USDT): Stablecoin for predictable payouts, instant processing.
    • Solana (SOL): High-speed, low-cost withdrawals, 1–3 minutes.
    • Visa/MasterCard: Widely used for fiat withdrawals, 1–3 days, no fees.
    • Bank Transfer: Secure for large withdrawals, 3–5 days, ideal for high rollers.
    • Apple Pay: Growing in popularity for quick fiat payouts, 1–2 days.

    Crypto withdrawals dominate due to their speed and privacy, reinforcing JACKBIT’s status in Pay ID Casino and best crypto casinos. Fiat withdrawals are reliable but slower, with occasional verification for sums exceeding $5,000, aligning with best No KYC Casino practices.

    Additional JACKBIT Features for UK Players

    Rakeback VIP Club

    JACKBIT’s Rakeback VIP Club rewards UK players with bonus points based on their VIP level, redeemable for cash, free spins, or exclusive perks. Rakeback ranges from 10% to 30%, with higher tiers unlocking personalized offers, faster withdrawals, and dedicated account managers, making it a draw in best online casinos UK.

    Tournaments and Leaderboards

    JACKBIT hosts rewarding tournaments, including slots and live dealer challenges, with an attractive prize pool. Weekly leaderboards for sports betting and casino games offer cash prizes and free spins, enhancing engagement in best crypto casinos.

    Mobile Compatibility

    While lacking a dedicated app, JACKBIT’s mobile-optimized website delivers seamless gameplay on iOS and Android devices. UK players can access all 7,000+ games, manage payments, and contact support on the go, rivaling New Online Casinos with native apps.

    Responsible Gambling Tools

    JACKBIT supports responsible gambling with tools like deposit limits, self-exclusion, and session time alerts. Links to GamCare and BeGambleAware are provided for UK players, reinforcing their credibility in best online casinos UK.

    Multilingual Platform

    Available in English, German, French, Spanish, Russian, and more, JACKBIT’s platform caters to diverse UK players. The interface supports GBP currency display, ensuring a localized experience in best crypto casinos.

    JACKBIT Conclusion: The best Online Casino for UK Players

    JACKBIT Casino leads the best Online Casinos UK in 2025 with its no KYC policy, instant crypto withdrawals, and 7,000+ games. As a best No KYC Casino and anonymous online casino, it ensures privacy and security. With generous bonuses, 20+ cryptocurrencies, fiat options, and 24/7 support, JACKBIT offers UK players an unmatched gaming experience, from best online pokies to sports betting. Join now for thrilling, secure fun in best crypto casinos.

    ✔️CLICK HERE TO JOIN JACKBIT CASINO

    Frequently Asked Questions

    Does JACKBIT offer no KYC withdrawals?

    Yes, JACKBIT is a best No KYC Casino, allowing anonymous withdrawals. Large payouts (over $5,000) may require verification.

    How fast are withdrawals at JACKBIT?

    Crypto withdrawals are instant (1–5 minutes), while fiat withdrawals (Visa, bank transfer) take 1–5 days, a strength in the best crypto casinos.

    What games can I play at JACKBIT?

    JACKBIT offers 7,000+ games, including best online pokies, blackjack, roulette, poker, live dealer games, digital scratch cards, mini-games, and a sportsbook with 140+ sports.

    Email: support@JACKBIT.com

    Disclaimer

    General Disclaimer

    This content is for informational and entertainment purposes only. It does not constitute legal, financial, or professional advice. Information provided is based on public sources, research, and user feedback available at the time of writing. While we strive for accuracy, no guarantees, express or implied, are made regarding completeness or timeliness.

    Always verify details independently before making decisions. Use of this content is at your own risk.

    Casino & Gambling Disclaimer

    Online gambling involves financial risk and may not be suitable for everyone. Please ensure you meet the legal gambling age in your region before registering at any online casino. Laws vary by country and jurisdiction, and it’s your responsibility to stay compliant. We do not promote or encourage gambling, and participation is entirely at the user’s discretion.

    Affiliate Disclosure

    This article may include affiliate links. We may earn a commission if you sign up or make a purchase through them, at no extra cost to you. Our reviews are independent and unbiased. We only recommend platforms that we believe offer value, but we encourage users to do their research before engaging with any online casino.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6dcee7c9-acff-4da4-9755-f9e074d09ee1

    The MIL Network

  • MIL-OSI: Interim Financial Report, Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    • Earnings per share DKK 19.4 (Q1 2024: DKK 19.0)
    • Core income DKK 3,229m (Q1 2024: DKK 3,430m)
    • Core expenses DKK 1,533m (Q1 2024: DKK 1,557m)
    • Loan impairment charges: DKK 66m (Q1 2024: DKK 82m)
    • Post-model adjustments relating to loan impairment charges was up to DKK 1,869m (end of 2024: DKK 1,782m).
    • Capital ratio at 20.9%, of which common equity tier 1 capital ratio of 15.7% (Q1 2024: 22.0% and 16.6%, respectively)

    Summary

    ”Jyske Bank has got off to a good start to the year with continued progress. In addition, we have boosted customer satisfaction, among personal as well as corporate customers, over the past year. We are in a strong financial position and well-equipped to support our customers,” says Lars Mørch, CEO and Member of the Group Executive Board.

    In Q1 2025, earnings per share rose by 2% compared with the year before despite the impact from considerably lower short-term interest rates. The business volumes showed sustained increase with increased momentum in the personal customer area.

    The Danish economy continues to show high employment and a slightly increasing level of activity. The future development of the economy is affected by higher geopolitical uncertainty and the ongoing trade war.

    Strategic progress
    Jyske Bank’s strategy builds on the Group’s strengths and aims to pave the way for a strong future market position. The strategy involves tight operations combined with higher investments in selected customer segments and ensuring a solid, secure and attractive platform.

    We have clear-cut targets for stronger customer focus, and it is our ambition to help customers in their sustainable transition and to use digitisation proactively to the benefit of customers and to raise efficiency in the Group.

    In the first quarter of 2025, we further enhanced the customer experience by making all relevant information about meetings with Jyske Bank available at the online and mobile banking platforms.  We introduced AI assistants and made artificial intelligence accessible to all employees.

    Corporate customers have also gained new opportunities at online banking through modules for financial and risk management, which can help them make informed decisions and effectively manage their risks. We also held business-oriented webinars focusing on the future of construction and climate accounts.

    Rising customer satisfaction
    Jyske Bank’s customer satisfaction surged over the past twelve months. Personal customer satisfaction shows one of the largest increases among Danish banks and is higher than that of comparable financial institutions. Jyske Bank has the most satisfied private banking customers in the country, and in addition, satisfaction among corporate customers is on the rise. This is the result of targeted efforts where we have to an even higher extent held meetings with our customers.

    New Executive Board member
    After nearly 38 years with Jyske Bank – of these almost 16 years on the Group Executive Board, Niels Erik Jakobsen, Head of Personal Banking and Wealth Management and Member of the Group Executive Board, has as previously announced decided to retire on 1 June 2025.

    At the same date, Ingjerd Blekeli Spiten will take office as Head of Personal Banking and Wealth Management and new member of the Group Executive Board. Ingjerd Blekeli Spiten was during the period 2018-2024 Group Executive Director of Retail Banking at DNB (Norway). Previously, she held leadership positions with responsibility for sales, development, and implementation at DNB and companies such as Ericsson, Microsoft and Telenor. 

    DKK 19.4 per share in Q1 2025
    Jyske Bank’s earnings per share were up by 2% to DKK 19.4, supported by a positive development in activity and fewer shares in circulation.

    Core income declined by 6% due to lower net interest income after Danmarks Nationalbank’s policy rate decreased to an average of 2.36% for the first quarter of 2025 from 3.60% a year before. Net fee and commission income, on the other hand, showed a continued positive development with an increase of 20%, driven by rising assets under management and customers’ adoption of our investment products.

    Core expenses decreased by 2%, driven by fewer employees and lower contributions to the Resolution Fund, partially offset by contractual wage increases of 3.7% and inflation. Additionally, the effect of DKK 22m lower non-recurring items relating to the acquisitions of Handelsbanken Danmark and PFA Bank after completed integration processes.

    Loan impairment charges remained at a low level of DKK 66m against DKK 82m in the preceding year. The continued low level includes the effect of an increase in management’s estimates regarding impairments by DKK 87m to DKK 1.9bn, in order to address the effects from higher macroeconomic uncertainty.

    The capital base remains solid after the implementation of Basel IV. The common equity tier 1 capital ratio was 15.7% at the end of the first quarter of 2025, with a total capital ratio of 20.9% in line with the targeted intervals.

    Webcast and conference call
    Jyske Bank will host a conference call in English targeting investors and analysts today at 12:00 p.m. CET (link). Conference call and presentation will be available via www.jyskebank.dk/ir.

    Yours faithfully,
    Jyske Bank

    Contact:
    Lars Mørch, CEO and Member of the Executive Board, tel. +45 89 89 20 01
    Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44

    Attachments

    The MIL Network

  • MIL-OSI: OP Financial Group’s Interim Report for 1 January–31 March 2025: OP Financial Group reports a good first quarter in an uncertain operating environment

    Source: GlobeNewswire (MIL-OSI)

    OP Financial Group
    Interim Report 1 January–31 March 2025
    Stock Exchange Release 7 May 2025 9.00 am EEST

    OP Financial Group’s Interim Report for 1 January–31 March 2025: OP Financial Group reports a good first quarter in an uncertain operating environment

    • Operating profit decreased by 31% to EUR 423 million (618).
    • Net interest income decreased by 11% to EUR 631 million (709). Insurance service result was EUR 2 million (-10) and net commissions and fees were EUR 206 million (205). Income from customer business, that is, net interest income, insurance service result and net commissions and fees, decreased by a total of 7% to EUR 839 million (904).
    • Impairment loss on receivables reversed came to EUR 24 million (-39), representing -0.10% of the loan and guarantee portfolio (0.15).
    • Investment income decreased by 88% to EUR 19 million (151).
    • Total expenses grew by 10% to EUR 590 million (537). The cost/income ratio weakened to 60% (45).
    • In the year to March, the loan portfolio grew by 1% to EUR 99.1 billion (98.4). Deposits increased by 5% to EUR 77.5 billion (73.6).
    • The CET1 ratio was 20.0% (21.5), which exceeds the minimum regulatory requirement by 6.9 percentage points. The changes in the collateral management process decreased capital adequacy. The changes in the EU Capital Requirements Regulation (CRR3), which took effect on 1 January 2025, caused a slight reduction in the capital adequacy of OP Financial Group.
    • The Retail Banking segment’s operating profit decreased by 23% to EUR 291 million (379). Net interest income decreased by 17% to EUR 464 million (558). Impairment loss on receivables reversed came to EUR 26 million (-27). Net commissions and fees increased by 2% to EUR 190 million (187). The cost/income ratio weakened to 60% (46). In the year to March, the loan portfolio grew by 0.4% to EUR 71.0 billion (70.6). Deposits increased by 4% to EUR 64.0 billion (61.8). Assets under management grew by 6% to EUR 94.4 billion (89.4).
    • Corporate Banking segment’s operating profit grew by 13% to EUR 145 million (129). Net interest income decreased by 0.5% to EUR 165 million (166). Impairment loss on receivables decreased by 89% to EUR 1 million (12). Net commissions and fees decreased by 10% to EUR 21 million (23). The cost/income ratio was 33% (32). In the year to March, the loan portfolio grew by 1% to EUR 28.2 billion (27.8). Deposits increased 14% by to EUR 14.2 billion (12.5). 
    • The Insurance segment’s operating loss was EUR -14 million (118). The insurance service result grew to EUR 2 million (-10). Investment income fell to EUR -17 million (129). The combined ratio reported by non-life insurance improved to 99.5% (108.9).
    • Group Functions’ operating profit was EUR 23 million (-5). Net interest income grew to EUR 2 million (-6).
    • OP Financial Group increased the OP bonuses to be earned by owner-customers for 2025 by 40% compared to the normal level of 2022. Additionally, owner-customers get daily banking services without monthly charges in 2025. Together, these benefits added up to EUR 104 million in value for owner-customers during the reporting period.
    • Outlook: OP Financial Group’s operating profit for 2025 is expected to be at a good level but lower than that for 2023 and 2024. For more detailed information on the outlook, see “Outlook”.

    OP Financial Group’s key indicators

    € million Q1/2025 Q1/2024 Change, % Q1–4/2024
    Operating profit, € million 423 618 -31.4 2,486
      Retail Banking*** 291 379 -23.4 1,328
      Corporate Banking*** 145 129 12.8 520
      Insurance -14 118 -111.5 578
      Group Functions 23 -5 19
    New OP bonuses accrued to owner-customers, € million -81 -75 7.6 -314
    Total income** 989 1,194 -17.1 4,844
    Total expenses -590 -537 10.0 -2,262
    Cost/income ratio, %*/** 59.7 45.0 14.7 46.7
    Return on equity (ROE), %* 7.5 12.1 -4.5 11.6
    Return on equity, excluding OP bonuses, %* 8.8 13.4 -4.6 13.0
    Return on assets (ROA), %* 0.85 1.25 -0.40 1.24
    Return on assets, excluding OP bonuses, %* 0.99 1.39 -0.39 1.39
      31 Mar 2025 31 Mar 2024 Change, % 31 Dec 2024
    CET1 ratio, %* 20.0 19.6 0.3 21.5
    Loan portfolio, € billion 99.1 98.4 0.7 98.9
    Deposits, € billion 77.5 73.6 5.4 77.7
    Assets under management, € billion**** 94.4 89.4 5.6 93.3
    Ratio of non-performing exposures to exposures, %* 2.48 3.04 -0.56 2.64
    Ratio of impairment loss on receivables to loan and guarantee portfolio, %* -0.10 0.15 -0.25 0.09
    Owner-customers (1,000) 2,121 2,095 1.3 2,115

    Comparatives for the income statement items are based on the corresponding figures in 2024. Unless otherwise specified, figures from 31 December 2024 are used as comparatives for balance-sheet and other cross-sectional items. 
    * Change in ratio, percentage point(s). 
    ** OP bonuses to owner-customers, which were previously shown on a separate line in the income statement, have been divided under the following items based on their accrual: interest income, interest expenses, and commission income from mutual funds. The line ‘OP bonuses to owner-customers’ is no longer shown in the income statement. Comparative information of Q1 2024 has been adjusted accordingly. For more detailed information on the change, see Note 1 to the Half-year Financial Report 1 January–30 June 2024, Accounting policies and changes in accounting policies and presentation.
    *** As of 1 January 2025, OP Asset Management Ltd, OP Fund Management Company Ltd and OP Real Estate Asset Management Ltd, including subsidiaries, are reported as part of the Retail Banking segment. Comparative information of 2024 has been adjusted accordingly. 
    **** The presentation of assets under management was changed at the beginning of 2025. Comparatives have been adjusted to correspond to the current definition.

    Comments by the President and Group Chief Executive Officer:

    Geopolitical tensions and the trade war are making the economic outlook uncertain

    In the first quarter of 2025, the business environment was marked by uncertainty and an exceptionally tense geopolitical situation. The war in Ukraine has continued for more than three years, no solution is in sight for the Middle-East conflict, and the trade war ignited by US tariff rises is creating exceptional uncertainty in the world economy. As the tectonic plates of geopolitics and world trade structures shift, it is difficult to see where they will settle. The golden age of globalisation, which began in the late nineties, already appears to be over for now; free global trade seems unlikely to return to its former course. Mounting trade barriers will slow global growth and increase inflationary pressures.

    Due to the uncertainty, the most recent analyses revise economic forecasts downwards: OP Financial Group’s latest projection envisages GDP growth of 1% in Finland this year. The world economy is expected to grow by only 2.5%, which is a relative slowdown in terms of global growth. However, given the exceptional uncertainty in growth prospects, positive changes in the outlook are also possible.

    Gloomy economic expectations have spurred cuts in interest rates and the markets expect short-term market rates to keep falling in the euro zone. Conversely, long-term rates have risen due to concerns that public debt will continue to rise in the euro zone.

    The uncertainty seems to be dampening consumer confidence and companies’ willingness to invest. Despite this, the housing market continues its gradual recovery.

    The trade war has magnified the unusual volatility in stock market prices. In many markets, the early-year rise in stock prices was wiped out as Q1 ended: in late March, the global equity index was 2.1% lower than at the end of 2024. European share markets defied this trend, rising by 5.2% after the year-end; the Nasdaq Helsinki closed 4.2% higher.

    OP Financial Group performed well, despite the turbulence in capital markets

    Regardless of the challenging business environment, OP Financial Group’s profitability remained high and its operating profit was EUR 423 million. This represents a decrease of 31% compared to the same period in 2024. Our strong profit performance will enable us to continue providing outstanding benefits for our more than 2.1 million owner-customers in 2025. This year again, we will use benefits to help ease the strain on households in economically challenging times. We will pay 40% extra (compared to the normal level of 2022) on OP bonuses earned in 2025 and will not charge our owner-customers monthly fees for daily services throughout the year. Together, these benefits will add up to more than EUR 400 million in value for our owner-customers. Being customer-owned, OP Financial Group will continue to share its financial success through a range of financial and other benefits for owner-customers.

    Strong capital adequacy and excellent liquidity provide security in the uncertain and often unpredictable business environment. At the end of March, OP Financial Group’s CET1 ratio was 20.0%, which exceeds the minimum regulatory requirement by 6.9 percentage points. OP Financial Group is one of the most financially solid large banks in Europe. Furthermore, our liquidity remained excellent. Strong capital adequacy, excellent liquidity and broad trust among customers and other stakeholders are vital for banks and insurance companies, particularly in these uncertain times. All of these are in excellent shape at OP Financial Group.

    Income from OP Financial Group’s business operations was EUR 989 million in January–March, which was 17% less year-on-year. In particular, net interest income fell by 11% due to decreases in market rates. Net commissions and fees were at the same level year-on-year.

    The insurance service result was a EUR 2 million profit, compared to a EUR 10 million loss for Q1 in 2024. This was due to a more favourable claims trend than a year earlier, although the insurance service result for this year’s Q1 was weighed down by growing operating expenses and the poor profitability of health insurance.

    Due to turbulence in the markets, income from investment activities was modest at EUR 19 million, compared to EUR 151 million at the end of March last year.

    Totalling EUR 590 million, OP Financial Group’s expenses were higher by 10% year-on-year, mainly due to rising personnel costs and higher investments in ICT development. At 60%, OP Financial Group’s cost-income ratio clearly deteriorated compared to Q1 2024.

    Of the three business segments, the best performer was Corporate Banking, which had an operating profit of EUR 145 million in January–March, a year-on-year increase of 13%. Despite a 23% decrease, Retail Banking’s operating profit of EUR 291 million was also a good performance. The segment was particularly affected by falling market rates: net interest income decreased by 17%. Due to a poor investment result, the Insurance segment recorded a EUR 14 million operating loss. This compares to the segment’s operating profit of EUR 118 million for Q1 in 2024.

    Both deposit and loan volumes are growing – impairment loss on receivables was exceptionally positive

    The deposit portfolio grew by 5% year-on-year, total deposits being EUR 77.5 billion at the end of March. OP Financial Group’s market share of deposits has been growing markedly over the last couple of years.

    Moreover, its loan portfolio, which grew by around 1% year-on-year, was EUR 99.1 billion: with this, the Group held onto its position as Finland’s leading provider of home loans. The home loan market has shown signs of recovery in recent months: for example, the euro amount of new home loans granted by OP Financial Group in March 2025 was 28% higher than in March 2024. OP’s home loan customers have continued to repay their loans diligently and on schedule. The number of loan modification applications was lower than in the same period in 2024. Year-on-year, the number of corporate loans under special monitoring declined.

    The ratio of non-performing exposures to the loan and guarantee portfolio decreased to 2.5%. Exceptionally, reversals of impairment loss on receivables totalled EUR 24 million in January–March, compared to EUR -39 million recognised for Q1 a year earlier.

    Savings and investments are growing strongly – OP First Investment for babies incentivises long-term investment

    Alongside our aim to coach our customers in making better financial choices, we have focused on making personal financial management easier for them, while enabling and supporting long-term saving and investing. Wealth management is one of our growth focus areas and we aim to make a clear growth leap in this business activity. Despite the volatility on stock markets, our customers retained a strong interest in securing their financial futures and accumulating wealth.

    Customers were interested in systematically investing in funds – they made almost 57,000 new systematic investment agreements with us, which is a 22% increase compared to Q1 in 2024. There are already more than 1.4 million OP mutual fund unitholders. In addition, the number of active equity investors grew by 34%. Reaching almost EUR 94 billion in value, investment assets managed by OP Financial Group grew by 6% compared to January–March 2024.

    OP Financial Group member cooperative banks will make an OP First Investment donation – a EUR 100 investment in the OP-World Index fund – to every baby born in Finland this year. The wellbeing of children and youths is one of OP’s values and part of its approach to corporate responsibility. With OP First Investment, we want to encourage families to engage in systematic, long-term saving and investment. Based on last year’s figures, the estimated aggregate value of OP First Investment donations may exceed EUR 4.3 million. OP First Investment can be received from May 2025, when it will become available for babies born in 2025 (including those born before May).

    The mild winter had a positive impact on claims, but health insurance claims expenditure continued to grow considerably

    Pohjola Insurance’s premiums written grew by 1% compared to the first quarter of last year. Premiums written grew by more than 8% regarding personal customers, but decreased by 2% in the case of corporate customers.

    Pohjola Insurance’s claims expenditure fell by 16% year-on-year. Due to the mild winter, building claims were 36% down and compensation paid for vehicle claims was 2% lower than for Q1 in 2024. On the other hand, health insurance compensation grew by 14% compared to the first three months of last year.

    Compensation was paid for a total of 94% of all claims, which was the same level as a year earlier.

    Use of digital services is still growing – phone number-based payment is becoming more versatile

    Use of digital services grew substantially again. Our personal and corporate customers increasingly use digital channels for banking and insurance. OP-mobile was logged into more than 60 million times in March. The app already has more than 1.7 million active users. Use of OP Aina – which was launched in June last year as a personal assistant for customers using OP-mobile – grew in the first quarter to 1.5 million service interactions. We use OP Aina to provide customers with services that are even more personalised than before and continuously available.

    Siirto Brand Oy, a joint venture between OP and Nordea, began operating: the company provides Finnish solutions for easy and secure payment. With just a phone number, users can make payments to friends or online stores, and a feature for ordering recurring or single e-invoices is planned. These services will expand opportunities to make account-based payments in Finland. Siirto already has 1.5 million registered users.

    A historically large structural change is underway among OP cooperative banks

    New plans were published during the first quarter for mergers between OP cooperative banks around Finland. The mergers announced and decided so far will reduce the number of OP cooperative banks from 93 at the end of 2024 to 54 by the end of 2025. In addition, several projects (both published and unpublished) for mergers between OP cooperative banks are being planned.

    Key drivers of mergers between OP cooperative banks include ensuring that they can provide the most comprehensive, highest quality banking services possible in their operating regions, while keeping pace with the increase in banking regulations.

    In uncertain times, we need pioneers that point the way to futures filled with hope

    OP Financial Group is in excellent shape to support customers in various ways in the uncertain business environment. We want to be a pioneer pointing the way to futures filled with hope in Finnish society – we will pursue this objective through a number of measures this year. An example is our new partnership with the Hive coding school, through which we aim to promote work-based immigration and the training of people from diverse backgrounds for high-level roles in IT. The future success and wellbeing of Finland and its people depend on stepping up work-based immigration and solving the challenges posed by the ageing of society, as Finland’s working-age population decreases.

    My warm thanks to all our customers for the trust they showed in OP Financial Group in early 2025. We aim to continue being worthy of the confidence you place in us. I would also like to thank our employees and governing bodies for their excellent work in the first quarter of 2025.

    Timo Ritakallio
    President and Group CEO


    January–March

    OP Financial Group’s operating profit was EUR 423 million (618), down by 31.4% or EUR 194 million year on year. Income from customer business (net interest income, net commissions and fees and insurance service result) decreased by a total of 7.2% to EUR 839 million (904). The cost/income ratio weakened to 59.7% (45.0). New OP bonuses accrued to owner-customers increased by 7.6% to EUR 81 million.

    As a result of lower market interest rates, net interest income decreased by 11.0% to EUR 631 million. Net interest income reported by the Retail Banking segment decreased by 16.9% to EUR 464 million and that by the Corporate Banking segment decreased by 0.5% to EUR 165 million. OP Financial Group’s loan portfolio grew by 0.7% to EUR 99.1 billion while deposits grew by 5.4% to EUR 77.5 billion, year on year. Household deposits increased by 4.1% year on year, to EUR 49.0 billion. New loans drawn down by customers during the reporting period totalled EUR 6.1 billion (4.5).

    Impairment loss on receivables reversed came to EUR 24 million (-39). Final credit losses totalled EUR 16 million (12). At the end of the reporting period, loss allowance was EUR 784 million (824), of which management overlay accounted for EUR 58 million (77). Non-performing exposures decreased, accounting for 2.5% (3.0) of total exposures. Impairment loss on loans and receivables accounted for -0.10% (0.15) of the loan and guarantee portfolio.

    Net commissions and fees grew by 0.4% to EUR 206 million. Owner-customers’ use of daily banking services has been free of monthly charges since October 2023. Net commissions and fees for payment transfer services increased by EUR 3 million to EUR 58 million, and those for mutual funds by EUR 2 million to EUR 46 million.

    The insurance service result was EUR 2 million (-10). Insurance service result includes EUR 142 million (129) in operating expenses. Non-life insurance net insurance revenue, including the reinsurer’s share, decreased by 1.1% to EUR 419 million. Net claims incurred after the reinsurer’s share decreased by 15.8% to EUR 287 million. The combined ratio reported by non-life insurance improved to 99.5% (108.9).

    Investment income (net investment income, net insurance finance expenses and income from financial assets held for trading) decreased by a total of 87.5% to EUR 19 million. Investment income decreased as a result of the decrease in the value of equity investments and notes and bonds in particular. Net investment income together with net finance income describe investment profitability in the insurance business. The combined return on investments at fair value of OP Financial Group’s insurance companies was -1.1% (2.0).

    Net income from financial assets recognised at fair value through profit or loss, or notes and bonds, shares and derivatives, totalled EUR -448 million (744). Net income from investment contract liabilities totalled EUR 184 million (-359). Net insurance finance expenses totalled EUR 229 million (-250).

    In banking, net income from financial assets held for trading came to EUR 53 million (8) as a result of changes in the value of derivatives.

    Other operating income totalled EUR -11 million (9). A EUR 23 million valuation adjustment in patient insurance policies with full risk for own account decreased other operating income.

    Total expenses grew by 10.0% to EUR 590 million. Personnel costs rose by 9.4% to EUR 280 million. The increase was affected by headcount growth and pay increases. OP Financial Group’s personnel increased by more than 800 year on year. The number of employees increased in areas such as sales, customer service, service development, risk management and compliance. Depreciation/amortisation and impairment loss on PPE and intangible assets decreased by 4.1% to EUR 32 million. Other operating expenses increased by 12.4% to EUR 278 million. ICT costs totalled EUR 139 million (123). Development costs were EUR 101 million (83) and capitalised development expenditure EUR 13 million (14). Charges of financial authorities were EUR 1 million (1). The EU’s Single Resolution Board (SRB) does not collect stability contributions from banks for 2025.

    At EUR 73 million (69), OP bonuses for owner-customers are included in earnings and are divided under the following items based on their accrual: EUR 33 million (35) under interest income, EUR 22 million (19) under interest expenses, EUR 13 million (11) under commission income from mutual funds, and EUR 4 million (4) under the insurance service result.

    Income tax amounted to EUR 85 million (125). The effective tax rate for the reporting period was 20.1% (20.3). Comprehensive income after tax totalled EUR 362 million (509).

    OP Financial Group’s equity amounted to EUR 18.2 billion (18.1). Equity included EUR 3.1 billion (3.3) in Profit Shares, terminated Profit Shares accounting for EUR 0.2 billion (0.4).

    OP Financial Group’s funding position and liquidity are strong. The Group’s LCR was 202% (193) and NSFR was 129% (129).


    OP Cooperative’s Annual Cooperative Meeting

    On 9 April 2025, OP Cooperative held its Annual Cooperative Meeting which elected members of the Supervisory Council, the auditor and the sustainability reporting assurer.

    The Supervisory Council comprises 36 members. The Annual Cooperative Meeting re-elected the following members to the Supervisory Council who were due to resign: Managing Director Jouni Hautala, Lawyer Taija Jurmu, Managing Director Pekka Lehtonen, Vicar Toivo Loikkanen, Managing Director Kari Mäkelä, Chair of the Board of Directors Annukka Nikola, Managing Director Ulf Nylund, Managing Director Teemu Sarhemaa and Managing Director Ari Väänänen.

    New Supervisory Council members elected were entrepreneur Erkki Haavisto, Managing Director Sanna Metsänranta, Managing Director Pertti Purola, Product Manager Sanna Tefke, Director of Rural Administration Hannu Tölli and Managing Director Mikko Vepsäläinen.

    At its reorganising meeting on 9 April 2025, the Supervisory Council elected the Chairs of the Supervisory Council. Chair of the Board of Directors Annukka Nikola was elected as Chair and Lawyer Taija Jurmu and Managing Director Ari Väänänen as Vice Chairs of the Supervisory Council.

    The Annual Cooperative Meeting elected PricewaterhouseCoopers Oy, an audit firm, to act as auditor for the financial year 2025, with APA Lauri Kallaskari as the chief auditor.

    The Annual Cooperative Meeting elected PricewaterhouseCoopers Oy, a sustainability audit firm, to assure OP Financial Group’s sustainability reporting for the financial year 2025, with Tiina Puukkoniemi, ASA, acting as the chief authorised sustainability auditor.


    Outlook

    The global economic outlook has weakened due to increased tariffs and a higher level of uncertainty. The Finnish economy is likely to grow less than previously expected and the outlook is exceptionally uncertain. The escalation of geopolitical crises or a rise in trade barriers may affect capital markets and the economic environment of OP Financial Group and its customers.

    OP Financial Group’s operating profit for 2025 is expected to be at a good level but lower than that for 2023 and 2024.

    The most significant uncertainties affecting OP Financial Group’s earnings performance are associated with developments in the business environment, changes in the interest rate and investment environment, and developments in impairment loss on receivables. Forward-looking statements in this Interim Report expressing the management’s expectations, beliefs, estimates, forecasts, projections and assumptions are based on the current view on developments in the economy, and actual results may differ materially from those expressed in the forward-looking statements.


    Press conference

    OP Financial Group’s financial performance will be presented to the media by the President and Group Chief Executive Officer Timo Ritakallio in a press conference on 7 May 2025 at 11am at Gebhardinaukio 1, Vallila, Helsinki. Media enquiries: OP Corporate Communications, tel. +358 10 252 8719, viestinta@op.fi

    OP Corporate Bank plc and OP Mortgage Bank plc will publish their own interim reports.

    Schedule for 2025 Interim Reports and Half-year Financial Report:

    Half-year Financial Report 1 January–30 June 2025 30 July 2025
    Interim Report 1 January–30 September 2025 28 October 2025
    OP Amalgamation Pillar 3 Disclosures 31 March 2025 Week 19
    OP Amalgamation Pillar 3 Disclosures 30 June 2025 Week 33
    OP Amalgamation Pillar 3 Disclosures 30 September 2025 Week 45

    Helsinki, 7 May 2025

    OP Cooperative
    Board of Directors


    Additional information:

    Timo Ritakallio, President and Group Chief Executive Officer, tel. +358 (0)10 252 4500
    Mikko Timonen, Chief Financial Officer, tel. +358 (0)10 252 1325
    Piia Kumpulainen, Chief Communications Officer, tel. +358 10 252 7317

    DISTRIBUTION

    Nasdaq Helsinki Ltd
    Euronext Dublin (Irish Stock Exchange)
    London Stock Exchange
    Major media
    op.fi

    OP Financial Group is Finland’s largest financial services group, with more than two million owner-customers and over 14,000 employees. We provide a comprehensive range of banking and insurance services for personal and corporate customers. OP Financial Group consists of OP cooperative banks, its central cooperative OP Cooperative, and the latter’s subsidiaries and affiliates. Our mission is to promote the sustainable prosperity, security and wellbeing of our owner-customers and operating region. Together with our owner-customers, we have been building Finnish society and a sustainable future for 120 years now. www.op.fi

    The MIL Network

  • MIL-OSI: OP Corporate Bank plc’s Interim Report 1 January–31 March 2025

    Source: GlobeNewswire (MIL-OSI)

    OP Corporate Bank plc
    Interim Report 1 January–31 March 2025
    Stock Exchange Release 7 May 2025 at 9.00 am EEST

    OP Corporate Bank plc’s Interim Report 1 January–31 March 2025

    • OP Corporate Bank plc’s operating profit rose to EUR 140 million (112).
    • Total income grew by 10% to EUR 215 million (196). Net interest income, EUR 157 million, remained at the previous year’s level (157). Investment income increased to EUR 24 million (9). Net commissions and fees decreased by 14% to EUR 17 million (19). Other operating income increased to EUR 17 million (11).
    • Impairment loss on receivables decreased to EUR 1 million (12).
    • Total operating expenses increased by 3% to EUR 73 million (71). The cost/income ratio improved to 34% (36).
    • The loan portfolio grew by 1.4% to EUR 28.2 billion (27.8) year on year. The deposit portfolio increased by 20.9% year on year, to EUR 16.0 billion (13.3).
    • The Corporate Banking and Capital Markets segment’s operating profit increased to EUR 86 million (80). Net interest income decreased by 2% to EUR 94 million (97). Net commissions and fees totalled EUR 1 million (1). Investment income increased to EUR 22 million (10). Operating expenses increased by 4% to EUR 31 million (30). Impairment loss on receivables totalled EUR 3 million. A year ago, impairment loss on receivables reversed came to EUR 1 million. The cost/income ratio improved to 26% (27).
    • The Asset and Sales Finance Services and Payment Transfers segment’s operating profit increased to EUR 49 million (37). Net interest income, EUR 55 million, remained at the previous year’s level (55). Net commissions and fees decreased to EUR 14 million (17). Operating expenses increased by 4% to EUR 29 million (28). Impairment loss on receivables reversed came to EUR 2 million. A year ago, impairment loss on receivables totalled EUR 13 million. The cost/income ratio weakened to 38% (36).
    • The Baltics segment’s operating profit amounted to EUR 9 million (10). Net interest income, EUR 15 million, remained at the previous year’s level (15). Net commissions and fees totalled EUR 2 million (2). Operating expenses increased to EUR 9 million (8). The cost/income ratio weakened to 49% (45).
    • The Group Functions segment’s operating loss was EUR 3 million. A year ago, the operating loss amounted to EUR 15 million. Funding position and liquidity remained strong.
    • OP Corporate Bank plc’s CET1 ratio remained at 13.9% (14.1), which exceeds the minimum regulatory requirement by 5.1 percentage points. The changes in the EU Capital Requirements Regulation (CRR3), which took effect on 1 January 2025, caused a slight reduction in capital adequacy.

    OP Corporate Bank plc’s key indicators

    € million Q1/2025 Q1/2024 Change, % Q1–4/2024
    Operating profit (loss), € million 140 112         24.9 473
    Corporate Banking and Capital Markets 86 80         7.1 307
    Asset and Sales Finance Services and Payment Transfers 49 37         30.1 167
    Baltics 9 10         -5.4 39
    Group Functions -3 -15         — -40
    Total income 215 196         9.6 773
    Total expenses -73 -71         2.5         -298
    Cost/income ratio, %         34.1         36.5         -2.3*         38.6
    Return on equity (ROE), %         9.2         7.5         1.7*         7.9
    Return on assets (ROA), %         0.59         0.46         0.13*         0.48
      31 Mar 2025 31 Mar 2024 Change, % 31 Dec 2024
    CET1 ratio, % 13.9         13.3 0.6* 14.1
    Loan portfolio, € million 28,234 27,850         1.4 28,295
    Guarantee portfolio, € million 2,735 3,030         -9.7 2,660
    Other exposures, € million 5,389 5,558         -3.1 5,238
    Deposits, € million 16,031 13,258         20.9 17,155
    Ratio of non-performing exposures to exposures, % 1.6 2.2 -0.6* 1.8
    Ratio of impairment loss on receivables to loan and guarantee portfolio, % 0.02 0.16 -0.14* 0.00

    * Change in ratio, percentage point(s).
    Comparatives for the income statement items are based on the corresponding figures in 2024. Unless otherwise specified, figures from 31 December 2024 are used as comparatives for balance-sheet and other cross-sectional items.

    Decisions by OP Corporate Bank plc’s Annual General Meeting

    On 13 March 2025, the Annual General Meeting (AGM) of OP Corporate Bank plc re-elected OP Financial Group’s President and Group Chief Executive Officer Timo Ritakallio as Chair of OP Corporate Bank’s Board of Directors. As other Board members, the AGM elected OP Uusimaa Managing Director Olli Lehtilä, OP Turun Seutu Managing Director Petteri Rinne, OP Financial Group’s Chief Financial Officer Mikko Timonen and OP Financial Group’s Chief People and Culture Officer Hannakaisa Länsisalmi. As new board member to replace Mikko Vepsäläinen, OP Häme Managing Director Mika Kivimäki was elected.

    The AGM elected PricewaterhouseCoopers Oy, an audit firm, to act as OP Corporate Bank’s auditor for the financial year 2025. Lauri Kallaskari, Authorised Public Accountant, acts as the chief auditor appointed by PricewaterhouseCoopers Oy.

    The AGM of 13 March 2025 adopted the Financial Statements for 2024 and discharged members of the Board of Directors and the CEO from liability. The AGM decided that dividends to be distributed total EUR 112,000,000.00, or EUR 0.35 per share, and that following dividend distribution, the remaining amount of EUR 260,323,566.01 be recognised in the retained earnings account. Following dividend distribution, the company’s distributable earnings total EUR 3,309,605,085.96 and its distributable funds total EUR 3,640,985,923.02. 

    Outlook

    The global economic outlook has weakened due to increased tariffs and a higher level of uncertainty. The Finnish economy is likely to grow less than previously expected and the outlook is exceptionally uncertain. The escalation of geopolitical crises or a rise in trade barriers may affect capital markets and the economic environment of OP Corporate Bank and its customers.

    A full-year earnings estimate for 2025 will only be provided at Group level, in OP Financial Group’s financial statements bulletin and in its interim and half-year financial reports.

    The most significant uncertainties affecting OP Corporate Bank’s earnings performance relate to developments in the business environment, changes in the interest rate and investment environment, and developments in impairment loss on receivables. In addition, future earnings performance will be affected by the market growth rate and the change in the competitive situation.

    Forward-looking statements in this Interim Report expressing the management’s expectations, beliefs, estimates, forecasts, projections and assumptions are based on the current view of the future development in the business environment and the future financial performance of OP Corporate Bank plc’s and its various functions, and actual results may differ materially from those expressed in the forward-looking statements. 

    Schedule for 2025 Interim Reports and Half-year Financial Report:

    Half-year Financial Report 1 January–30 June 2025 30 July 2025
    Interim Report 1 January–30 September 2025 28 October 2025

    Helsinki, 7 May 2025

    OP Corporate Bank plc
    Board of Directors

    For additional information, please contact:

    Katja Keitaanniemi, Chief Executive Officer, tel. +358 10 252 1387
    Piia Kumpulainen, Chief Communications Officer, tel. +358 10 252 7317

    DISTRIBUTION
    Nasdaq Helsinki Oy
    Euronext Dublin (Irish Stock Exchange)
    LSE London Stock Exchange
    Major media
    op.fi

    OP Corporate Bank plc is part of OP Financial Group. OP Corporate Bank and OP Mortgage Bank are responsible for OP’s funding in money and capital markets. As laid down in the applicable law, OP Corporate Bank, OP Mortgage Bank and their parent company OP Cooperative and other OP Financial Group member credit institutions are ultimately jointly and severally liable for each other’s debts and commitments. OP Corporate Bank acts as OP Financial Group’s central bank.

    The MIL Network

  • MIL-OSI: Sydbank’s Interim Report – Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 20/2025
    7 May 2025

    Sydbank’s Interim Report – Q1 2025

    Q1 2025 – highlights

    • Profit for the period of DKK 645m equals a return on equity of 17.4% p.a. after tax
    • Core income of DKK 1,700m is 8% lower compared to the same period in 2024
    • Trading income of DKK 64m compared to DKK 89m in the same period in 2024
    • Costs (core earnings) of DKK 881m compared to DKK 831m in the same period in 2024
    • Core earnings before impairment of DKK 883m are 20% lower compared to the same period in 2024
    • Impairment charges for loans and advances etc represent an expense of DKK 35m
    • Bank loans and advances have gone down by DKK 1.2bn, equal to a decrease of 2% compared to year-end 2024
    • The CET1 ratio stands at 16.3%, equal to a decline of 1.5pp compared to year-end 2024

    CEO Mark Luscombe comments on the result:

    • It is positive that we have been able to generate a return on equity of 17.4% under market conditions characterised by uncertainty. In the current environment many of our customers have chosen to remain financially flexible where retail clients focus on savings and corporate clients strengthen their balance sheets and consequently postpone major financial decisions. Inflation and interest rates continue to go down, which should support an increase in lending and investment activities once confidence has been restored. Therefore lending is down, deposits are up and assets under management continue to show a net increase.

    Board chairman Ellen Trane Nørby elaborates:

    • It is positive that profit for Q1 2025 is as expected at the beginning of Q1 2025 despite the ECB and Danish central bank rate cuts occurring at a faster pace than anticipated. Against this background the result must be considered quite satisfactory.

    Mark Luscombe comments on the beginning of the new strategy period:

    • The themes in our new strategy “Bigger Sydbank” will guide us and ensure that we can meet the strategy’s goals. We will focus on the customer and be the workplace for some of our industry’s most talented and dedicated employees. Our consistent customer focus is having the intended effect as customer satisfaction is going up and every segment is welcoming new customers.

    Board chairman Ellen Trane Nørby comments:

    • In times of trade conflicts and geopolitical uncertainty it is particularly important that Sydbank is well prepared to navigate this uncertainty and support its customers. It is gratifying to note that after initiating the share buyback of DKK 1,350m the Bank remains highly capitalised and resilient.

    Outlook for 2025

    • Moderate growth is projected for the Danish economy.
    • Profit after tax is expected to be in the range of DKK 2,200-2,600m.
    • The profit forecast assumes that the Danish central bank will lower the interest rate by 1pp in 2025.
    • The outlook is subject to uncertainty and depends on financial market developments and macroeconomic factors which may affect eg the level of impairment charges.

    Additional information
    Jørn Adam Møller, Deputy Group Chief Executive, Tel +45 74 37 20 30
    Lars Grubak Lohff, Press Manager Tel +45 20 31 54 65

    Attachments

    The MIL Network

  • MIL-OSI Economics: Euro area bank interest rate statistics: March 2025

    Source: European Central Bank

    6 May 2025

    Bank interest rates for corporations

    Chart 1

    Bank interest rates on new loans to, and deposits from, euro area corporations

    (percentages per annum)

    Data for cost of borrowing and deposit interest rates for corporations (Chart 1)

    The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, decreased in March 2025. The interest rate on new loans of over €1 million with a floating rate and an initial rate fixation period of up to three months decreased by 31 basis points to 3.67%. The rate on new loans of the same size with an initial rate fixation period of over three months and up to one year stayed almost constant at 3.78%. The interest rate on new loans of over €1 million with an initial rate fixation period of over ten years increased by 13 basis points to 3.57%. In the case of new loans of up to €250,000 with a floating rate and an initial rate fixation period of up to three months, the average rate charged fell by 35 basis points to 4.02%.
    As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year fell by 18 basis points to 2.32% in March 2025. The interest rate on overnight deposits from corporations fell by 5 basis points to 0.67%.
    The interest rate on new loans to sole proprietors and unincorporated partnerships with a floating rate and an initial rate fixation period of up to one year decreased by 19 basis points to 4.36%.

    Table 1

    Bank interest rates for corporations

    i.r.f. = initial rate fixation
    * For this instrument category, the concept of new business is extended to the whole outstanding amounts and therefore the business volumes are not comparable with those of the other categories. Outstanding amounts data are derived from the ECB’s monetary financial institutions balance sheet statistics.

    Data for bank interest rates for corporations (Table 1)

    Bank interest rates for households

    Chart 2

    Bank interest rates on new loans to, and deposits from, euro area households

    Data for cost of borrowing and deposit interest rate for households (Chart 2)

    The composite cost-of-borrowing indicator, which combines interest rates on all loans to households for house purchase, remained broadly unchanged in March 2025. The interest rate on loans for house purchase with a floating rate and an initial rate fixation period of up to one year decreased by 8 basis points to 3.92%. The rate on housing loans with an initial rate fixation period of over one and up to five years stayed almost constant at 3.51%. The interest rate on loans for house purchase with an initial rate fixation period of over five and up to ten years remained broadly unchanged at 3.36%. The rate on housing loans with an initial rate fixation period of over ten years stayed almost constant at 3.10%. In the same period the interest rate on new loans to households for consumption decreased by 7 basis points to 7.52%.
    As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year decreased by 10 basis points to 2.09%. The rate on deposits redeemable at three months’ notice stayed almost constant at 1.50%. The interest rate on overnight deposits from households remained broadly unchanged at 0.31%.

    Table 2

    Bank interest rates for households

    i.r.f. = initial rate fixation
    * For this instrument category, the concept of new business is extended to the whole outstanding amounts and therefore the business volumes are not comparable with those of the other categories; deposits placed by households and corporations are allocated to the household sector. Outstanding amounts data are derived from the ECB’s monetary financial institutions balance sheet statistics.
    ** For this instrument category, the concept of new business is extended to the whole outstanding amounts and therefore the business volumes are not comparable with those of the other categories. Outstanding amounts data are derived from the ECB’s monetary financial institutions balance sheet statistics.

    Data for bank interest rates for households (Table 2)

    Further information

    The data in Tables 1 and 2 can be visualised for individual euro area countries on the bank interest rate statistics dashboard. Additionally, tables containing further breakdowns of bank interest rate statistics, including the composite cost-of-borrowing indicators for all euro area countries, are available from the ECB Data Portal. The full set of bank interest rate statistics for both the euro area and individual countries can be downloaded from ECB Data Portal. More information, including the release calendar, is available under “Bank interest rates” in the statistics section of the ECB’s website.

    For media queries, please contact Nicos Keranis, tel.: +49 69 1344 7806

    Notes:

    • In this press release “corporations” refers to non-financial corporations (sector S.11 in the European System of Accounts 2010, or ESA 2010), “households” refers to households and non-profit institutions serving households (ESA 2010 sectors S.14 and S.15) and “banks” refers to monetary financial institutions except central banks and money market funds (ESA 2010 sector S.122).
    • The composite cost-of-borrowing indicators are described in the article entitled “Assessing the retail bank interest rate pass-through in the euro area at times of financial fragmentation” in the August 2013 issue of the ECB’s Monthly Bulletin (see Box 1). For these indicators, a weighting scheme based on the 24-month moving averages of new business volumes has been applied, in order to filter out excessive monthly volatility. For this reason the developments in the composite cost of borrowing indicators in both tables cannot be explained by the month-on-month changes in the displayed subcomponents. Furthermore, the table on bank interest rates for corporations presents a subset of the series used in the calculation of the cost of borrowing indicator.
    • Interest rates on new business are weighted by the size of the individual agreements. This is done both by the reporting agents and when the national and euro area averages are computed. Thus changes in average euro area interest rates for new business reflect, in addition to changes in interest rates, changes in the weights of individual countries’ new business for the instrument categories concerned. The “interest rate effect” and the “weight effect” presented in this press release are derived from the Bennet index, which allows month-on-month developments in euro area aggregate rates resulting from changes in individual country rates (the “interest rate effect”) to be disentangled from those caused by changes in the weights of individual countries’ contributions (the “weight effect”). Owing to rounding, the combined “interest rate effect” and the “weight effect” may not add up to the month-on-month developments in euro area aggregate rates.
    • In addition to monthly euro area bank interest rate statistics for March 2025, this press release incorporates revisions to data for previous periods. Hyperlinks in the main body of the press release lead to data that may change with subsequent releases as a result of revisions. Unless otherwise indicated, these euro area statistics cover the EU Member States that had adopted the euro at the time to which the data relate.
    • As of reference period December 2014, the sector classification applied to bank interest rates statistics is based on the European System of Accounts 2010 (ESA 2010). In accordance with the ESA 2010 classification and as opposed to ESA 95, the non-financial corporations sector (S.11) now excludes holding companies not engaged in management and similar captive financial institutions.

    MIL OSI Economics

  • MIL-OSI Economics: Money Market Operations as on May 06, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 6,12,824.24 5.75 2.50-6.85
         I. Call Money 18,781.54 5.84 4.95-5.95
         II. Triparty Repo 3,86,686.15 5.75 5.60-5.85
         III. Market Repo 2,05,367.55 5.73 2.50-6.12
         IV. Repo in Corporate Bond 1,989.00 6.05 6.00-6.85
    B. Term Segment      
         I. Notice Money** 138.00 5.74 5.50-5.90
         II. Term Money@@ 1,129.95 5.80-6.20
         III. Triparty Repo 9,272.00 5.88 5.80-5.90
         IV. Market Repo 0.00
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Tue, 06/05/2025 1 Wed, 07/05/2025 6,428.00 6.01
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Tue, 06/05/2025 1 Wed, 07/05/2025 161.00 6.25
    4. SDFΔ# Tue, 06/05/2025 1 Wed, 07/05/2025 1,78,561.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,71,972.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 02/05/2025 14 Fri, 16/05/2025 149.00 6.01
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Thu, 17/04/2025 43 Fri, 30/05/2025 25,731.00 6.01
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,709.21  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     34,589.21  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,37,382.79  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on May 06, 2025 9,61,365.89  
         (ii) Average daily cash reserve requirement for the fortnight ending May 16, 2025 9,41,653.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ May 06, 2025 6,428.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on April 18, 2025 2,02,749.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2025-2026/91 dated April 11, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/269

    MIL OSI Economics

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on May 07, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 25,000
    Total amount of bids received (in ₹ crore) 5,192
    Amount allotted (in ₹ crore) 5,192
    Cut off Rate (%) 6.01
    Weighted Average Rate (%) 6.01
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/270

    MIL OSI Economics

  • MIL-OSI Economics: Survey of Professional Forecasters: Release of Individual respondent-level (anonymised) data and Time series of aggregated data

    Source: Reserve Bank of India

    The Reserve Bank of India has been conducting Survey of Professional Forecasters (SPF) since September 2007 and consolidated results have been regularly disseminated on the Bank’s website in the form of web-articles. To promote transparency and research initiatives, Reserve Bank of India will now start disseminating the individual respondent-level forecasts from recent rounds of SPF (from round 61 onwards) after anonymising the forecasters’ personally identifiable information1.

    The individual respondent-level data for the survey along with its metadata are available on the Bank’s ‘Database on Indian Economy (DBIE)’ portal (https://data.rbi.org.in/DBIE/#/dbie/home) under the head Survey of Professional Forecasters (SPF), in the ‘Unit-level Data’ tab.

    To further improve data accessibility and promote research, the aggregated/consolidated SPF data, as published in the web-articles, are also being released in a time series format along with its metadata under the ‘Surveys-Aggregated Data’ section in the ‘Statistics’ tab under the head ‘Survey of Professional Forecasters’ through DBIE.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/271


    MIL OSI Economics

  • MIL-OSI Economics: Recognition of Self-Regulatory Organisation in Financial Markets regulated by the Reserve Bank

    Source: Reserve Bank of India

    The Reserve Bank had issued the Framework for Recognition of Self-Regulatory Organisations in Financial Markets regulated by the Reserve Bank (Framework) and invited applications for recognition as Self-Regulatory Organisation (SRO) in financial markets.

    2. An application seeking recognition as an SRO in financial markets regulated by the Reserve Bank was received from the Fixed Income Money Market and Derivatives Association of India (FIMMDA).

    3. Based on an examination of the application against the relevant requirements under the framework, it has been decided to recognise FIMMDA as an SRO in financial markets regulated by the Reserve Bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/274

    MIL OSI Economics

  • MIL-OSI Europe: Debates – Monday, 5 May 2025 – Strasbourg – Revised edition

    Source: European Parliament

    Verbatim report of proceedings
     430k  594k
    Monday, 5 May 2025 – Strasbourg

       

    IN THE CHAIR: ROBERTA METSOLA
    President

     
    1. Resumption of the session

     

      President. – I declare resumed the session of the European Parliament adjourned on 3 April 2025.

     

    2. Opening of the sitting


       

    (The sitting opened at 17:01)

     

    3. Passing of Pope Francis – Statement by the President

     

      President. – On 26 April the world came together to mourn the passing of His Holiness Pope Francis. Together with a number of you, we represented this House at the Pope’s funeral in Rome, where hundreds of thousands gathered to commemorate his life and honour his legacy.

    Pope Francis will be remembered for his inspirational leadership, his moral authority and his kindness, taking every opportunity to speak up for a more humane, more peaceful and unified world. In 2014, His Holiness addressed this Plenary and he called for every Member to ’work to make Europe rediscover the best of itself.’

    E proprio in occasione della sua visita Papa, Francesco scrisse un messaggio, nel libro che raccoglie le firme e i pensieri delle più alte personalità che hanno visitato l’Istituzione nel corso della sua storia, e io desidero condividere con voi le parole che ha voluto dedicarci:

    “Auguro che il Parlamento europeo sia sempre più la sede dove ogni suo membro concorra a far sì che l’Europa, consapevole del suo passato, guardi con fiducia al futuro per vivere con speranza il presente.”

    Whilst this House grieves his loss, we also remember his call to action and work together every day for a better, more compassionate and more courageous Europe.

    I invite you now to join me in a moment of silence.

    (The House rose and observed a minute’s silence)

    We will now have a round of Group speakers to pay tribute to His Holiness Pope Francis.

     
       

     

      Manfred Weber, on behalf of the PPE Group. – Madam President, dear colleagues, for me personally, meeting Pope Francis and speaking with him was a lifetime honour and he remains, for me and for us as the EPP Group, a profound source of inspiration. His hope, his wisdom, his faith still speak to all of us. It was a moment of deep sadness when we learned about his passing away and we will miss him.

    Above everything, as our President already said, it was always the person, the human being he put at the centre. He never spoke about migrants, he spoke about human beings and not about a prisoner, about a human being, not about homeless people, about human beings. Christianity at its best: everybody is important, recognised by God, and also has a perspective beyond our life on earth.

    In November 2014, when he was here speaking in this European Parliament 11 years ago, he spoke about the deep Christian identity of our continent. Europe without Christian roots is simply unthinkable.

    However, Christian values never were pure Christian symbolism. He did not look at the questions of what divides us in Europe, he was always committed to what unites us. Not race, not religion, and not social status are allowed to divide us. And that was also his red line to all extremists who were misusing Christianity for their egoistic interests.

    His Christian view on a human approach of a society was also for dignified work, for a society where everybody feels involved, and an economy which also serves the people’s interests. And that’s why our model of a social market economy was deeply rooted also in his Christian thinking.

    And finally, on this Christian democratic tradition – like my party is representing it – I also want to underline that he himself, and all his predecessors in the 20th and 21st century, was committed to European integration. He was always arguing in favour of a united Europe, not as a functional entity, not as a cash machine, not as a huge market, but as a community with shared identity, united in the European way of life.

    In a letter addressed to the European People’s Party group, Pope Francis wrote to us that, and I quote, ‘To build Europe, it takes a strong inspiration, a soul. It takes dreams, it takes values and a high political vision. Ordinary management, good, normal administration is not enough.’ That is what Pope Francis told us. And this is his legacy. This is his job description for us as the European People’s Party, also as a European Parliament. He rightly saw the European way of life as a path to a bright future, and also our offer to the rest of the world. That’s why, thank you to Pope Francis.

     
       

     

      Iratxe García Pérez, en nombre del Grupo S&D. – Señora presidenta, hoy alzamos la voz en esta Cámara para rendir tributo al papa Francisco, un hombre de fe profunda y coraje inmenso que supo estar a la altura de los tiempos. Fue el papa de los pobres, de los marginados y de los que se encuentran en las periferias de la sociedad.

    Tuve el honor de encontrarme con el papa Francisco. Con su voz clara y su mirada compasiva, nos recordó que la justicia social no es solo una opción, sino una exigencia irrenunciable.

    Señorías, la mejor manera de rendir tributo al papa Francisco no es solo recordar sus palabras, sino cumplir con ellas. El 25 de noviembre de 2014, en este mismo Parlamento, nos pidió que construyéramos Europa sobre la piedra angular de la dignidad. Nos interpeló con preguntas que hoy siguen doliendo: «¿qué dignidad es posible sin un marco jurídico claro que limite el dominio de la fuerza y haga prevalecer la ley sobre la tiranía del poder?», «¿qué dignidad puede tener un hombre o una mujer cuando es objeto de todo tipo de discriminación?», «¿qué dignidad podrá encontrar una persona que no tiene qué comer o el mínimo necesario para vivir o, todavía peor, que no tiene el trabajo que le otorga dignidad?».

    También nos exigió con firmeza cuidar la tierra, al decir que Europa ha estado siempre en primera línea de un loable compromiso en favor de la ecología.

    Al hablar de migración, nos suplicó no mirar hacia otro lado: «no se puede tolerar que el mar Mediterráneo se convierta en un gran cementerio».

    Y en su último mensaje urbi et orbi, levantó la voz por una paz justa y duradera en Ucrania y en Tierra Santa. Hoy hemos conocido su último deseo, y es que el papamóvil se pueda convertir en un hospital infantil para los niños en Gaza. Gran signo y gran deseo.

    Señorías, si queremos estar a la altura del legado, hagamos nuestras sus palabras: «abandonar la idea de una Europa atemorizada y replegada sobre sí misma para suscitar y promover una Europa protagonista y transmisora de valores humanos; la Europa que camina sobre la tierra segura y firme, precioso punto de referencia para toda la humanidad».

    Esa es la Europa que el papa Francisco soñó; que sea también la Europa que entre todos sigamos construyendo.

     
       

     

      Jordan Bardella, au nom du groupe PfE. – Madame la Présidente, mes chers collègues, c’est avec gravité et recueillement que je prends la parole à mon tour pour saluer la mémoire du pape François. Parce qu’il est une figure universelle, sa disparition aura ému, au-delà des 1,4 milliard de catholiques dans le monde.

    Homme de foi, homme de dialogue et de paix, autorité morale rare dans un monde en perte de repères, le pape François le fut incontestablement. Son pontificat fut celui d’une attention constante portée aux plus fragiles et aux plus démunis. Que l’on partage ou non ses opinions politiques, ses prises de position – elles ont été nombreuses et multiples –, le respect solennel dû aux morts nous oblige.

    En ce moment solennel, je veux redire avec fierté que la France, fille aînée de l’Église, n’oublie ni ses racines chrétiennes, ni le lien millénaire qui l’unit à la foi et à l’Église catholique. Ce lien historique et précieux fonde une part inestimable de notre identité, de notre civilisation, de nos valeurs et, pour beaucoup, de notre espérance. Que le pape François repose en paix.

     
       

     

      Nicola Procaccini, on behalf of the ECR Group. – Madam President, ‘a Church that goes out’ is how Pope Francis summed up the mission of his pontificate, a Church that doesn’t remain confined within its physical spaces, but instead opens itself spiritually to the world, a Church that reaches out to people, cares for them – even physically – wherever they may be.

    I’ve shared many of Pope Francis’s messages, even those considered ‘politically incorrect’, but I would be hypocritical if I didn’t also admit some different points of view, particularly regarding the governance of migration. I think that for some here it’s quite the opposite. Yet despite our differences, Christianity represents all of us. It’s the only cultural bond that still holds us together. It’s the common root of Europe, even if the European Union denies it every day.

    In October 2020, Pope Francis wrote to us:

    ‘Europe, find yourself again! Rediscover your ideals, which have deep roots. Be yourself. Don’t be afraid of your millennia‑old history, which is more a window to the future than to the past’.

    Addio, Papa Francesco.

     
       

     

      Billy Kelleher, on behalf of the Renew Group. – Madam President, sadly, Pope Francis’s death did not come as a shock to most of us. Unfortunately, his health had been waning, and while we had all hoped for the best, it was clear that his time was coming to an end.

    His time, however, as supreme pontiff was different, to say the very least. His recommitment to the church being a ‘church of the poor’ was profound and real. And while he could not make all the changes he wanted, he has, I believe, changed the Catholic Church for the better. His pontificate will be known as one committed to decency, human dignity, social justice and the raising of those on the margins of society. On behalf of the Renew Europe group. I want to extend my deepest sympathies to the 1.4 billion Catholics across the globe who are mourning over the loss – not just of their spiritual leader, but also of a man who lived each day committed to the service of the poor, the marginalised and the vulnerable.

    In 2018, the people of Europe welcomed Pope Francis to our shores as we hosted the World Meeting of Families. Pope Francis was welcomed with open arms and with deep respect by my fellow citizens. To everyone elected in this Parliament and to parliaments across the world who claim to profess the Christian faith: I would urge you to listen to Pope Francis’s words and his teachings. There is nothing Christian about cheering when migrants drown in the seas. There is nothing Christian about making those in the margins fear for their safety just because they are different to us. Pope Francis’s death is a loss to us all. Whether we are Catholic, another kind of Christian, practice another religion or indeed are non-believers – his humanity transcended denominations. Society has lost a great leader and a great teacher with his passing. Ar dheis Dé go raibh a anam dílis.

     
       


     

      Martin Schirdewan, on behalf of The Left Group. – Madam President, Christianity and socialism might not share the closest link at first glance, but Pope Francis used his mandate to advance the Christian social doctrine that is also deeply rooted in socialist politics. The fight for social justice and against poverty – one of the cornerstones of Francis’s pontificate – remains a central responsibility for both the progressive Left and the progressive Church.

    Pope Francis has all my respect for always taking sides for the vulnerable and for defending humanity and human rights for all, regardless of origin, status, colour or belief. And, in an increasingly hostile world, Pope Francis’s voice has constantly been one of peace. Relentlessly, he called for an end of the wars in Ukraine and in Gaza. Every single day, he cared for the Palestinian civilians whose unjust suffering he felt painfully.

    Let us make his prayers for justice and peace a reality. Let’s the end politics of injustice and division. And I wish his successor all possible success in transforming the Catholic Church into a Church for the 21st century.

    I’d like to conclude, in a rather secular way – I’m sure he would have understood – farewell, Francis.

     
       

     

      René Aust, im Namen der ESN-Fraktion. – Frau Präsidentin, sehr geehrte Damen und Herren! Im Jahre 2013 suchten die Herren Kardinäle einen neuen Papst, und sie fanden ihn, wie er selbst sagte, am anderen Ende der Welt. Sie fanden einen streitbaren Hirten, einen Papst, der seine Kirche reformieren wollte und der wusste, dass echte Erneuerung im Herzen der Menschen beginnt. Über bestimmte Aspekte wie seinen Ansatz zum Synodalen Weg wird noch lange diskutiert werden. Doch dies ist nicht der Moment für Bewertungen – heute halten wir fest: Die Welt hat einen guten Menschen verloren – einen, der als Bischof von Rom diente, der nicht thronte, sondern tröstete.

    Sein Pontifikat war geprägt von seinen Erfahrungen als Seelsorger, von Bescheidenheit und dem Blick auf die Ärmsten. Möge Papst Franziskus in Frieden ruhen. Auch deshalb habe ich in der vergangenen Woche in der wunderschönen Kirche in Paris in Saint-Sulpice für ihn eine Kerze angezündet. Und mögen die Kardinäle im bevorstehenden Konklave eine weise Wahl treffen. Ich wünsche ihnen dabei Gottes Segen.

     

    4. Approval of the minutes of the previous sitting

     

      President. – The minutes and the texts adopted of the sitting of 3 April are available. Are there any comments?

    I see that is not the case. Therefore they are approved.

     

    5. Announcement by the President (Rule 138(2))


     

      Ilhan Kyuchyuk (Renew). – Madam President, dear colleagues, on 19 March this year, the Commission put forward the SAFE regulation proposal and based it on Article 122 of the Treaty on the Functioning of the European Union, JURI considered the use of Article 122 of TFEU as the basis of the SAFE regulation proposal under Rule 138(2) of the Rules of Procedure.

    On 23 April, the committee unanimously decided that Article 122 was not the appropriate legal basis for the proposed regulation. JURI came to this conclusion after having considered the aim of the SAFE proposal and in the absence of proper justification by the Commission of the choice of the legal basis. JURI also observed that Article 122 contains two paragraphs, and each of those confers on the Council a distinct competence to adopt legal acts subject to specific conditions. However, the SAFE proposal is based on Article 122, and it entirely hangs on both paragraphs. The Commission fails to explain why both paragraphs should be relied upon as the legal basis. There is also no justification why other possible legal bases under the TFEU were discarded, in particular in the context of Article 122(1), which can only apply ‘without prejudice to any other procedures provided for in the treaties’.

    At the same time, although JURI discussed and analysed alternative legal bases which appear appropriate, such as Article 173(3) of the TFEU, it decided at this stage not to pronounce itself conclusively. It is enough to say at this point that JURI does consider that another legal basis under the treaties could be used, and therefore that the Union’s competence to act under a legal basis other than in Article 122 TFEU does exist.

     
       

     

      President. – Thank you very much, Mr Kyuchyuk. So I will write, in accordance with your argumentation, to the presidents of the Council and Commission to inform them of the procedure.

     

    6. Announcement by the President

     

      President. – This Wednesday at 10:30, there will be a wreath-laying ceremony on the Parvis Louise Weiss to commemorate the 80th anniversary of the end of the Second World War in Europe. Then, at 11:30, there will be a further ceremony in this Chamber to mark this solemn occasion with a number of veterans.

    I invite you attend both of these events, and I truly count on your presence.

     

    7. Composition of Parliament

     

      President. – The competent authorities of Germany have notified me of the election of Volker Schnurrbusch to the European Parliament replacing Maximilian Krah with effect from 4 April 2025. I wish to welcome our new colleague and recall that he takes his seat in Parliament and on its bodies in full enjoyment of his rights pending the verification of his credentials.

     

    8. Request for waiver of immunity

     

      President. – I have received a request from the competent authorities in Hungary for the parliamentary immunity of Péter Magyar to be waived. The request is referred to the Committee on Legal Affairs.

     

    9. Request for the waiver of parliamentary immunity – closure of procedure

     

      President. – I have received a letter from the competent authorities in Belgium withdrawing the request for the waiver of the parliamentary immunity of Jaak Madison. The procedure is therefore closed.

     

    10. Composition of political groups

     

      President. – Malika Sorel is no longer a member of the PfE Group and sits with the non‑attached Members as of 19 April 2025.

     

    11. Composition of committees and delegations

     

      President. – The EPP and PfE groups have notified me of decisions relating to changes to appointments within committees and delegations. The decisions will be set out in the minutes of today’s sitting and take effect on the date of this announcement.

     

    12. Negotiations ahead of Parliament’s first reading (Rule 72)

     

      President. – The LIBE, PECH and – jointly – the SEDE and ITRE committees have decided to enter into interinstitutional negotiations pursuant to Rule 72(1) of the Rules of Procedure. The reports, which constitute the mandates for the negotiations, are available on the plenary webpage and their titles will be published in the minutes of the sitting.

    Pursuant to Rule 72(2), Members or political groups reaching at least the medium threshold may request in writing by tomorrow, Tuesday 6 May at midnight, that the decisions be put to the vote. If no request for a vote in Parliament is made before the expiry of that deadline, the committees may start the negotiations.

     

    13. Negotiations ahead of Council’s first reading (Rule 73)

     

      President. – The ENVI Committee has decided to enter into interinstitutional negotiations ahead of the Council’s first reading, pursuant to Rule 73 of the Rules of Procedure. The position adopted by Parliament at first reading, which constitutes the mandate for those negotiations, is available on the plenary webpage, and its title will be published in the minutes of the sitting.

     

    14. Proposals for Union acts

     

      President. – I would like to announce that, pursuant to Rule 47(2) of the Rules of Procedure, I have declared admissible a proposal for a Union act repealing Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC. This proposal is referred to the Committee on the Environment, Climate and Food Safety, as the committee responsible, and to the Committee on Industry, Research and Energy, for an opinion.

     

    15. Signature of acts adopted in accordance with the ordinary legislative procedure (Rule 81)

     

      President. – I would like to inform you that, since the adjournment of Parliament’s session on 3 April, I have signed, together with the President of the Council, three acts adopted under the ordinary legislative procedure in accordance with Rule 81 of Parliament’s Rules of Procedure.

    I would also like to inform you that on Wednesday, I shall sign, together with the President of the Council, another three acts adopted under the ordinary legislative procedure.

    The titles of the acts will be published in the minutes of this sitting.

     

    16. Order of business

     

      President. – I would like to inform you that I have received the following requests for urgent procedure pursuant to Rule 170(6):

    – from the ECR Group, and jointly from the EPP, S&D and Renew groups, on the following legislative file: CO2 emission performance standards for new passenger cars and new light commercial vehicles for 2025 to 2027;

    – from the ENVI Committee on the following legislative file: The protection status of the wolf (Canis lupus);

    – from the ECON Committee: amendments to the Capital Requirements Regulation as regards securities financing transactions under the net stable funding ratio.

    The vote on these requests will be taken tomorrow.

    Now I would like to inform the House that I have received requests for points of order. I will start by giving the floor to Bas Eickhout.

     
       


     

      Katrin Langensiepen (Verts/ALE). – Frau Präsidentin, liebe Kolleginnen und Kollegen! Heute ist der Europäische Protesttag zur Gleichstellung von Menschen mit Behinderung, und hier reden wir über 100 Millionen Menschen mit Behinderungen in der Europäischen Union. Da habe ich eine schlechte und eine gute Nachricht: Alle Mitgliedstaaten haben bei der Umsetzung der UN-Behindertenrechtskonvention komplett versagt. Noch immer haben Menschen mit Behinderungen keinen gleichberechtigten Zugang zum Wahllokal, zum Recht auf Wahl, zu selbstbestimmtem Leben, gleichberechtigter Teilhabe, wenn es um Bildung, Arbeit und Entlohnung geht.

    Das habe nicht ich mir ausgedacht, das hat sich die UNO ausgedacht, und die UNO hat es festgehalten und hat die EU dafür massiv gerügt. Wir sind immer noch nicht gut, wenn es um die Umsetzung der UN-Behindertenrechtskonvention geht. Aber ich habe auch eine gute Nachricht: Wir können es besser machen. Heute ist der Europäische Protesttag von 100 Millionen Menschen mit Behinderungen – Frauen, Kindern, Geflüchteten, Menschen, die queere Personen sind, die intersektional betroffen sind. Da ist es ein Menschenrecht – ich weiß, Menschenrechte sind gerade nicht der heiße Scheiß in diesem Haus –, aber wir müssen uns endlich um die Menschenrechte kümmern, wenn wir Wettbewerbsfähigkeit halten wollen und gleichberechtigt teilhaben wollen.

     
       




     

      Hilde Vautmans (Renew). – Madam President, colleagues, I would like to make this point of order, because 25 April marked the ninth anniversary since Swedish-Iranian academic Ahmad Reza Djalali was arrested in Iran.

    In October 2017, he was sentenced to death after a grossly unfair trial. He is currently, colleagues, the longest standing EU citizen held hostage by the Iranian authorities, and as a consequence of years in prison, malnutrition, not being given the medical care he needed and torture, his situation is really serious. He said in a video: ‘I am at my breaking point’.

    So, colleagues, on this heartbreaking anniversary, I call on you, Madam President, and all my colleagues to take action and repeat our call: we ask for the immediate and unconditional release of Professor Djalali, just like we voted for here in this House.

     
       


     

      Özlem Demirel, im Namen der Fraktion The Left. – Frau Präsidentin! Am 2. Mai wurde das Schiff der NGO Freedom Flotilla in internationalen Gewässern in der Nähe Maltas von zwei Kriegsdrohnen mehrfach angegriffen. An Bord des Schiffes befanden sich 30 Aktivistinnen und Aktivisten und humanitäre Helfer. Mit ihnen dabei Lebensmittel, Medikamente, Hilfsgüter für das von Israels Krieg gebeutelte Volk in Gaza. Der Angriff löste ein Feuer an Bord aus. Die Besatzung sendete einen Notruf. Doch der nahe gelegene Inselstaat Malta ignorierte dies zunächst einmal und reagierte nicht sofort.

    Kolleginnen und Kollegen, was hier passiert ist, ist ein äußerst schwerwiegender, inakzeptabler Vorfall! Sowohl der militärische Angriff auf ein ziviles Schiff als auch die Missachtung des internationalen Rechts ist inakzeptabel. Deshalb beantragen wir eine Debatte dazu, und wir fordern auch die Kommission zu einer Stellungnahme zu diesem Vorgang auf. Kolleginnen und Kollegen, zu Beginn der Debatte haben Sie den Papst Franziskus gewürdigt. Wenn Sie gleich abstimmen, denken Sie bitte daran, wie der Papst jetzt abstimmen würde.

     
       

     

      President. – I will give the floor to any colleague who would like to speak against. I see no one does, so we will vote by roll call.

    (Parliament rejected the request)

    So the agenda is unchanged.

    Also for Wednesday, the Greens Group has requested that a Commission statement on ‘EU response to the Israeli Government’s plan to seize the Gaza strip and promote the so-called “voluntary departure” of Gazans’ be added in the afternoon before the debates under Rule 150. As a consequence, the sitting would be extended until 23:00.

    I give the floor to Mounir Satouri to move the request on behalf of the Greens Group.

     
       

     

      Mounir Satouri, au nom du groupe Verts/ALE. – Madame la Présidente, cette nuit, le cabinet de sécurité israélien a approuvé un plan offensif. Il vise à s’emparer de toute la bande de Gaza et à s’y installer indéfiniment. Ce plan vise aussi à organiser des départs soi-disant volontaires de la population de Gaza. Ce sont en réalité des déplacements forcés de population.

    Sur le plan politique, nous avons, c’est vrai, des divergences. Mais nous sommes une majorité, ici, à être attachés à la solution à deux États. Cette décision du gouvernement israélien remet en cause de manière définitive la perspective de cette solution à deux États. L’accaparement du territoire est inacceptable. Cela viole toutes les règles du droit international. Notre Parlement ne peut rester muet.

    Je demande un débat sans résolution qui porte le titre «Déclaration de la haute représentante/vice-présidente sur la réponse de l’UE au projet du gouvernement israélien de s’emparer de la bande de Gaza et de promouvoir le soi-disant départ volontaire des Gazaouis».

    Chers collègues, avec cette proposition, ce Parlement a pour une fois la capacité d’être dans le bon timing et d’être au rendez-vous pour rappeler son attachement au droit international.

     
       












     

      Iratxe García Pérez (S&D). – Madam President, only one question: I would like to ask, please, the services to give the group leaders and the groups all the information, very clearly, about this from the beginning, because if we have information that, for example, this debate will be for the May II plenary, and we decide as a group to support it in May II, it’s so difficult now to take a decision about this time. Only to clarify, we as the S&D Group wanted this debate for May II.

     
       


     

      Γεάδης Γεάδη, εξ ονόματος της ομάδας ECR. – Κυρία Πρόεδρε, με βάση το Πρωτόκολλο 10 της Συνθήκης Προσχώρησης της Κυπριακής Δημοκρατίας, αυτή εντάχθηκε εδαφικά στην ολότητά της στην Ευρωπαϊκή Ένωση, με αναστολή της εφαρμογής του κεκτημένου στις περιοχές όπου δεν ασκεί αποτελεσματικό έλεγχο, συνεπεία της τουρκικής εισβολής και συνεχιζόμενης παράνομης κατοχής.

    Δυστυχώς, το περασμένο Σάββατο αφίχθηκε στην παράνομη αποσχιστική οντότητα στην Κύπρο —στο ψευδοκράτος, ο Tayyip Erdoğan, στέλνοντας μήνυμα εδραίωσης της κατοχής, βάζοντας —όπως δήλωσε— «μία ακόμη σφραγίδα της Τουρκίας στο νησί».

    Η στάση του Τούρκου προέδρου όχι μόνο δεν δείχνει τον απαιτούμενο σεβασμό απέναντι στις αρχές και τις αξίες που πρεσβεύει η Ευρωπαϊκή Ένωση, αλλά δείχνει και απαξίωση σε ολόκληρη την ευρωπαϊκή οικογένεια, αφού αποτελεί ξεκάθαρη πρόκληση, παραβίαση του διεθνούς δικαίου και της διεθνούς νομιμότητας. Το Ευρωπαϊκό Κοινοβούλιο επιβάλλεται να αντιδράσει, καταδικάζοντας με τον πιο έντονο τρόπο.

    Ως εκ τούτου, παρακαλώ όπως γίνει αποδεκτό το αίτημα για εγγραφή του θέματος με τίτλο «Η παράνομη επίσκεψη του προέδρου Erdoğan στις κατεχόμενες περιοχές της Κύπρου και οι κλιμακούμενες απειλές ενάντια στην Κυπριακή Δημοκρατία».

     
       





     

      President. – OK, so let me get this clear. We’re going to vote on the debate with the title as amended by the S&D Group which was accepted by the ECR Group. What is not clear to me is whether the S&D would want the debate on Wednesday or on Thursday. You say Wednesday? OK, Wednesday. Fine. We’ll do it on Wednesday. We just add to our debates on Wednesday.

    So we vote first by roll call on adding the statements.

    (Parliament approved the request)

    Now we vote by roll call on whether we will have a resolution.

    (Parliament rejected the request)

    We will see with Mr Mavrides what he meant and how we can do it.

    Thank you very much. The agenda is adopted. Have a good week.

     
       

       

    (The sitting was briefly suspended)

     
       

       

    PRESIDENZA: ANTONELLA SBERNA
    Vicepresidente

     

    17. Resumption of the sitting

       

    (La seduta è ripresa alle 17:52)

     

    18. Preparation of the EU-UK summit (debate)


     

      Adam Szłapka, President-in-Office of the Council. – Madam President, honourable Members, Mr Commissioner, with European security being the top priority of the Polish Presidency, we are striving to exploit the full potential of the EU’s relations with the United Kingdom.

    Last March, the Council exchanged views on the state of play. The upcoming first EU‑UK summit will provide a unique opportunity to strengthen our relationship. We are like‑minded partners, allies and good neighbours. Therefore, we are very much welcoming the EU governments’ approach, seeking to further strengthen our relations.

    We work together from sanctions against Russia to support for Ukraine through security summits and joint diplomatic efforts. The ongoing Russian aggression against Ukraine, and our joint support for Ukraine, is a strong reminder of why our unity matters more than ever.

    At the summit, we will seek to reaffirm our mutual commitment to the full, faithful and timely implementation of our agreements, including rights of our citizens. At the same time, there is still untapped potential and room for improvement in our relations. Ahead of the upcoming EU‑UK summit, the Council presidencies work closely with the Commission to identify and explore areas for deepening our cooperation.

    A whole range of areas will be discussed with our British hosts during the summit: security and defence; sanitary and phytosanitary rules for agricultural products; stronger cooperation on energy; access to waters for EU fishermen; and opportunities for young people to live, work and study across the border. Together we are working on a package in key areas that will bring tangible benefits to citizens and businesses on both sides of the Channel. Let me stress that our partnership is about more than just trade flows: it’s about people.

    Madam President, honourable Members, Commissioner, we should not forget about some challenges that remain. The situation in Northern Ireland requires careful monitoring, as does the situation of Union citizens that live in the United Kingdom.

    In the relations with the UK, we are following the principles, among which there are the indivisibility of our four freedoms, safeguarding the integrity of our single market and customs union, and protecting the autonomy of the Union’s decision‑making. These guiding principles remain relevant. We will carry them forward, united and speaking with one voice.

    At the same time, the Government of the United Kingdom reaffirmed its position of not rejoining the single market, the customs union and on the free movement of people. Within these parameters, leaders will engage pragmatically and respectfully at the summit. We are confident to achieve solid results for moving ahead with the strengthening of our relations with the United Kingdom.

    A final word on the parliamentary dimension of EU‑UK relations. To underline the importance that the Council attaches to the input of this House in this process, achieving a mutually beneficial partnership between the EU and our British partners is a shared goal of the EU institutions. Let us continue to exchange on how to make this partnership stronger.

     
       

     

      Maroš Šefčovič, Member of the Commission. – Madam President, Honourable Minister, Honourable Members of the European Parliament, I am happy to participate in today’s plenary debate on the preparation of the EU‑UK summit. As you will be aware, we have been working intensely with our UK partners to prepare for the summit on 19 May. As you well know, this will be the first such summit at leaders‑level since the UK left the EU, and it marks an important milestone in our post-Brexit relationship.

    President von der Leyen has met with UK Prime Minister Starmer on several occasions over the last few months, including most recently in London on 24 April. They have agreed that the summit offers an opportunity to strengthen EU‑UK cooperation across a number of areas, and it is clear that both sides want to deliver a positive summit. Exploratory discussions with the United Kingdom on a broad range of issues have taken place over the past weeks. This is part of an ongoing process which will further take shape at the summit and beyond.

    The EU and the UK are like‑minded partners, and in recent times we have worked closely together on shared challenges, notably in response to Russia’s invasion of Ukraine. Given that we live in an increasingly uncertain and complex geopolitical environment, it is all the more important that we continue to cooperate in this manner. For our part, we see three broad areas where there is scope to further develop the EU‑UK relationship.

    Firstly, security and resilience. This includes deeper and more structured cooperation between the EU and the UK as close partners and like‑minded allies in the face of unprecedented geopolitical challenges in our neighbourhood. This means defence and security will likely be a focus of the summit.

    Secondly, something very important to this House: people‑to‑people contacts, which includes rebuilding bridges for our young people. This reflects our long‑standing policy of putting citizens at the heart of EU‑UK relations.

    Thirdly, the protection of our planet and its resources. We aim to consolidate and advance cooperation on sanitary and phytosanitary matters, sustainable fisheries, climate and energy. We are working with our United Kingdom partners in pursuit of a balanced package that delivers tangible benefits to citizens across the EU and the United Kingdom.

    Madam President, Honourable Members, while we are committed to strengthening our relations with the United Kingdom, we continue to insist on the full, timely and faithful implementation of our existing agreements – the Withdrawal Agreement, including the Windsor Framework, and the Trade and Cooperation Agreement. These agreements are the cornerstone of our bilateral relations and form a solid foundation for our cooperation. As regards the Withdrawal Agreement, last week, I co-chaired a meeting of the Joint Committee in London with my UK counterpart, Nick Thomas-Symonds. This was an important step on the road to the summit. Together, we expressed a clear commitment to the full, timely and faithful implementation of the agreement in all its parts. We welcomed the important progress made in the areas of citizens rights as regards the true and extra cohort, and on the Windsor Framework as regards parcels and customs arrangements.

    Nevertheless, further work remains to be done on the other systemic citizens’ rights issues and on the Windsor Framework, for example on SPS. As regards the Trade and Cooperation Agreement, it remains the most ambitious free trade agreement the EU has concluded with any third country, and it responds to the UK Government’s red lines, which remain in place. But this does not mean that we cannot more fully exploit the potential of the Trade and Cooperation Agreement and look at what more it has to offer. It does not mean that we cannot further develop our cooperation in the areas I mentioned previously. On the contrary, there is much we can still do together to strengthen our relationship.

    The first EU‑UK summit will therefore be an important moment to do just that. I am looking forward to hearing your views during this debate, and of course I will be very happy to answer your questions. Thank you very much, Madam President.

     
       

     

      Nina Carberry, on behalf of the PPE Group. – Madam President, Commissioner, since arriving in Parliament, I’ve been struck by an assumption often made here that Brexit is a settled matter. In reality, its consequences continue to shape political and economic life in Ireland, the UK and across Europe. Anticipation is building ahead of the upcoming EU‑UK summit on 19 May, and in a world where economic stability, security and trade openness matter more than ever, the EU and the UK have everything to gain from resetting relations.

    Although the TCA lays a crucial foundation, the world has changed considerably since its signing four years ago. It remains a framework that can and should be built upon. A comprehensive veterinary agreement would be an immediate and impactful step forward, unlocking significant opportunities for farmers and agri‑food businesses. Progress on mutual recognition for professional qualifications would have major benefits. In the same way, bringing the UK closer to Erasmus+ would be an undeniable win for students and apprentices.

    In an era where tackling climate change requires coordinated global efforts, closer alignment on emissions trading schemes would be a logical step to prevent carbon leakage. Closer integration of electricity markets and fully harnessing the North Sea’s potential would enhance energy security, reduce consumer costs, increase resilience to external shocks and support progress towards net zero.

    Stabilising the EU‑UK relationship will bolster both peace and prosperity in Northern Ireland. As 19 May draws near, we are presented with a historic opportunity, one that should serve as a foundation for an ambitious and forward‑looking agenda. This is our moment to reshape a new chapter in EU‑UK relations.

     
       

     

      Aodhán Ó Ríordáin, on behalf of the S&D Group. – Madam President, as the world feels more fragile than ever, the upcoming UK‑EU summit cannot be a photo opportunity. It is a chance to show what kind of Europe and what kind of world we want to build. Trump’s foreign policy is rooted in egomania. As the US steps back, Europe and the UK must step forward; we must stand in solidarity with Ukraine and in defence of freedom and democracy. But our values mean nothing if we apply them selectively. In Gaza, international law is being torn apart as children are bombed and starved. Their blood drips from the hands of EU and UK leaders. We should know better.

    For decades, the UK and the EU worked as one to build a fairer, better and more peaceful Europe. Nowhere was that more true than in Northern Ireland. Brexit took the people of the North out of the EU against their will. Northern Ireland needs an enhanced voice in the EU, given its unique citizenship rights, its automatic right to re‑accede, and its obligations under EU law. The UK Government needs to seize the opportunity of a new EU relationship, not cower in the face of Farage’s fads army. Failure is not an option.

     
       

     

      Matthieu Valet, au nom du groupe PfE. – Madame la Présidente, Monsieur le Ministre, Monsieur le Commissaire, mes chers collègues, ici, nous devons être concrets, donc je vais vous parler de manière concrète du pays dont je suis élu, la France, et de ma région de France. Mes compatriotes de Calais, de Boulogne-sur-Mer et de Dunkerque n’en peuvent plus. Enfant du Nord, je ne reconnais plus ce si beau littoral du Pas-de-Calais transformé en Alcatraz pour lutter contre l’immigration irrégulière et les clandestins. N’en déplaise à l’extrême gauche, les passeurs sont des mafieux et des assassins. En 2024, 82 migrants sont morts dans la Manche pour avoir voulu rejoindre la Grande-Bretagne.

    Que dire des accords du Touquet? C’est un fiasco! La France dépense un demi-milliard d’euros par an pour protéger une frontière qui n’est pas la sienne. Policiers, CRS, gendarmes mobiles sont engagés sur le littoral: autant d’effectifs en moins pour lutter dans nos villes, dans nos campagnes, contre l’ensauvagement, contre les narcotrafiquants qui gangrènent mon pays.

    Lors du prochain sommet, l’Europe doit être courageuse aux côtés de la France, face aux Britanniques. Dites à la Grande-Bretagne: «Tu es une grande fille, tu ne dois plus délocaliser ta frontière en France et, comme une grande, tu dois gérer, comme tous les grands pays du monde, tes migrations, tes problèmes et ta frontière.» Je dis donc à ce grand pays ami: «Non, la France ne peut pas accueillir et gérer toute la misère du monde, elle a déjà fort à faire avec les siens.»

    Je compte sur la Commission et sur la Pologne pour aider notre grand pays à lutter contre ces migrations, notamment en affirmant que la Grande-Bretagne doit gérer aujourd’hui seule ces problèmes puisque la France n’y arrive plus.

     
       

     

      Kris Van Dijck, namens de ECR-Fractie. – Voorzitter, ik blijf een sterke voorstander van nauwe, pragmatische en op wederzijds respect gebaseerde betrekkingen tussen de Europese Unie en het Verenigd Koninkrijk. Mijn delegatie heeft zich in het verleden altijd consequent verzet tegen elke vorm van strafmaatregel jegens het Verenigd Koninkrijk, nadat het land de soevereine keuze maakte om de EU te verlaten. We betreuren evenwel de Brexit.

    Ik verwelkom het aangekondigde streven van de Britse regering naar een reset van de relatie met de EU. Hoewel ik het jammer vind dat het Verenigd Koninkrijk hierdoor niet naar onze interne markt of naar onze douane-unie zal terugkeren, geloof ik dat het van cruciaal belang is om onze samenwerking te versterken en enkele struikelblokken weg te werken.

    Ik pleit specifiek voor een nieuwe veiligheidsovereenkomst waarmee onze samenwerking op het gebied van defensie, cyberveiligheid en het delen van inlichtingen wordt versterkt. Ten tweede moeten we een overeenkomst sluiten om de sanitaire en fytosanitaire controles aan de grenzen efficiënter te maken. Dit zou een concrete win-winsituatie opleveren voor onze landbouwers, bedrijven en consumenten. Ten derde hoop ik dat het Verenigd Koninkrijk zich opnieuw bij het Erasmusprogramma zal aansluiten. Ten vierde moet het positieve momentum worden benut om de samenwerking op het gebied van energie, visserij en kernfusieonderzoek te versterken. Dit geldt ook voor mijn eerdere pleidooi om de JET-kernfusiereactor (Joint European Torus) te behouden. Tot slot moeten we de mobiliteit van artiesten en inwoners van beide regio’s vergemakkelijken. Het is van groot belang dat onze burgers, jongeren maar ook ouderen, weer gemakkelijk kunnen reizen.

    Laat deze top het begin zijn van een volwassen partnerschap tussen twee gelijkwaardige bondgenoten, gebaseerd op gedeelde belangen, wederzijds vertrouwen en een gezamenlijk engagement voor vrijheid en veiligheid.

     
       

     

      Sandro Gozi, au nom du groupe Renew. – Madame la Présidente, Monsieur le Ministre, Monsieur le Commissaire, cher Maroš, le sommet UE-Royaume-Uni du 19 mai doit être un tournant. Les événements à Kiev, Washington ou Gaza ont déjà changé le monde et nous voyons dans plusieurs pays surgir des acteurs extrémistes qui se pensent comme des Churchill, alors qu’ils agissent comme des nouveaux Chamberlain.

    Face à ces bouleversements et ces dangers, un nouveau partenariat stratégique euro-britannique s’impose. Mais, pour avancer, il faut avant tout une base solide, la confiance: construire la confiance, respecter pleinement les accords existants et les enrichir avec de nouvelles opportunités pour la défense et la jeunesse, l’intelligence artificielle et le climat, et, surtout, trouver des solutions concrètes sur les dossiers encore ouverts, comme la pêche et l’énergie.

    C’est ce que nous avons demandé dans la recommandation votée lors de l’Assemblée parlementaire UE-Royaume-Uni, en mars, en vue de ce sommet. Sur cette base, nous devons repenser l’architecture de sécurité en Europe et travailler ensemble sur la scène globale pour une nouvelle alliance des démocraties.

     
       

     

      Pär Holmgren, on behalf of the Verts/ALE Group. – Madam President, this upcoming EU‑UK summit of course offers an opportunity to rebuild bridges and strengthen cooperation, which is really crucial given the current turbulent times. But it’s also highly beneficial from a long‑term strategic perspective. We, as Greens, recognise the mutual benefit of knowledge‑sharing and research collaboration, and we warmly welcome the UK’s re-entry into Horizon Europe. However, we would also like to see similar developments in Erasmus+, to give young people a chance to study and work on either side of the channel. We therefore call on the Commission and the UK Government to be proactive in restoring and strengthening such programmes.

    We would also like to see a better regulatory dynamic between the EU and the UK, for example, the better alignment of biosecurity border controls and the emissions trading schemes to endorse sustainability practices and to facilitate trade.

    Last but not least, as you all know, there is a war on European soil. Geopolitical tensions are growing in many, many corners of the world, and humanity is threatened by an escalating climate crisis. We cannot be wasting time and resources conducting parallel research on both sides of the channel, and we cannot be wasting an opportunity to foster a sense of unity among the future generations of Europe. So let this summit be a starting point for a deepening relationship between the EU and the UK for the benefit of all.

     
       

     

      David McAllister (PPE). – Madam President, dear Commissioner, dear colleagues, as previous speakers have already mentioned, the upcoming EU‑UK summit marks a pivotal moment to recalibrate our partnership. Ever since the Windsor Framework, agreed in March 2023, we have seen greater political stability in our relations. The much anticipated EU Security and Defence Pact could be a real milestone. Enhanced cooperation in military mobility, joint research and development, and cyber resilience – this is all urgently needed. The EU and the UK should rise to the occasion and ensure an agreement that also fosters deeper cooperation on intelligence sharing, sanctions coordination as well as foreign information manipulation and interference.

    Yet, a mature partnership should go beyond security and defence. The Commission has put substantial proposals on the table on everything from energy to youth mobility. We should deepen cooperation in further key sectors: energy interconnectivity and offshore renewables in the North Sea, financial services through regulatory equivalence, and a pragmatic sustainable fisheries arrangement for the time after 2026. As for the Trade and Cooperation Agreement, the TCA is due for review next year. Long‑term stability in our relations is more important than ever. Commissioner Šefčovič, we look forward to discussing the outcome of this summit with you in the Foreign Affairs Committee.

     
       

     

      Γιάννης Μανιάτης (S&D). – Κυρία Πρόεδρε, η εκλογή Trump στις Ηνωμένες Πολιτείες έχει αλλάξει τις παγκόσμιες ισορροπίες. Για να μπορέσει να αντεπεξέλθει η Ευρώπη στις γεωπολιτικές προκλήσεις, όπως είναι ο πόλεμος στην Ουκρανία, η κρίση στη Μέση Ανατολή και η εξάλειψη των αμερικανικών εγγυήσεων ασφαλείας για την ήπειρό μας, πρέπει να ενισχύσει τις σχέσεις της με εταίρους με τους οποίους έχει κοινές αρχές και αξίες, όπως είναι το Ηνωμένο Βασίλειο, ο Καναδάς, η Αυστραλία, η Ιαπωνία.

    Εννέα χρόνια μετά το δημοψήφισμα για το Brexit και την καταστροφική διακυβέρνηση των Συντηρητικών, η εκλογή των Εργατικών δημιουργεί μια νέα ευκαιρία. Η επικείμενη σύνοδος Ευρωπαϊκής Ένωσης – Ηνωμένου Βασιλείου μπορεί να αποτελέσει το πρώτο βήμα για την εξεύρεση ενός θεσμικού πλαισίου που θα επιτρέψει την εμβάθυνση της συνεργασίας μας, ιδιαίτερα σε τομείς όπως είναι η ασφάλεια, η άμυνα, το εμπόριο, η κλιματική αλλαγή και η ενέργεια, όπως και οι ευκαιρίες για τους νέους μας. Σε αυτή την κατεύθυνση πρέπει να κινηθούμε.

     
       

     

      Ernő Schaller-Baross (PfE). – Elnök Asszony! A közelgő londoni EU-Egyesült Királyság csúcstalálkozó rendkívüli lehetőséget kínál számunkra, hogy kapcsolatainkat új, erősebb alapokra helyezzük. Sajnálatos módon az elmúlt időszakban nem tudtuk maradéktalanul kihasználni a rendelkezésünkre álló lehetőséget, és úgy tűnt, hogy az EU inkább büntetni próbálta a briteket döntésükért, mintsem konstruktív párbeszédet folytatott volna velük.

    Most azonban elérkezett az idő, hogy pragmatikus, hatékony alapokra helyezzük az együttműködésünket. Közösen dolgozunk ki olyan egyezményeket, amelyek valóban a jövőnket formálják. Fontos hangsúlyozni, hogy a briteken kívül az amerikai partnereinkkel is folyamatosan tárgyalnunk kell, és olyan megoldásokra van szükség, amelyek minden fél számára előnyösek és tartósak. Az együttműködés kulcsa a kölcsönös tiszteleten és közös érdekeken alapuló partnerség, amely hosszútávon biztosíthatja Európa stabilitását és sikerét. A következő hónapok döntőek lesznek abban, hogy hogyan alakítjuk közösen a jövőnket.

     
       

     

      Jadwiga Wiśniewska (ECR). – Madam President, dear colleagues, Mr Commissioner, the upcoming first EU-United Kingdom summit after Brexit is an opportunity to open a new chapter in rebuilding our relationship. The most important issue to be addressed is, above all, cooperation in the field of defence. European defence policy is not possible without the United Kingdom.

    In the face of global threats, we need a joint response to hybrid challenges, cybersecurity and the protection of our borders. Our key topics include a mobility programme for young people, trade issues, as well as the fight against illegal immigration. One of the most troubling consequences of Brexit for young people was the UK’s withdrawal from the Erasmus+ programme. I therefore welcome plans for new solutions regarding youth mobility.

    Brexit has changed the formal framework of our relationship, but it has not broken the bonds between us. We must do everything we can to make everyday life easier – we cannot allow political or bureaucratic obstacles to make it harder. We need cooperation based on trust and concrete solutions, cooperation with a response to take needs of people on both sides of the English Channel.

     
       

     

      Barry Cowen (Renew). – Madam President, colleagues, as we look ahead to the upcoming summit, I want to commend the Commission for its ongoing efforts to strengthen our relationship with the UK. Despite the challenges posed by Brexit, the UK remains a valued and like‑minded partner of the EU in the face of global challenges. In light of the recent tariff decisions by the US, it is more important than ever to deepen our engagement with our British neighbours. I urge the Commission to be ambitious in our dialogue with the UK, to work to align our trade regulations and enhance cooperation on energy, particularly on offshore wind and grid infrastructure, and, of course, to preserve the Common Travel Area.

    Above all, our united and unwavering support for Ukraine must remain a central priority. With that said, any lasting partnership must begin with the full implementation of existing agreements, including the Windsor Framework. The unique status of Northern Ireland must be protected in all future negotiations, and the peace and stability secured by the Good Friday Agreement must never, ever be taken for granted. Only through trust, cooperation and mutual respect can we secure a prosperous future for both EU and UK citizens alike.

     
       

     

      Malika Sorel (PfE). – Madame la Présidente, chers collègues, les crises actuelles le démontrent, l’histoire ne s’efface pas d’un trait de plume. Le Royaume-Uni a quitté l’Union européenne, mais il demeure européen. Washington menace de se distancer de l’Europe, aussitôt la France et le Royaume-Uni se retrouvent et prennent la tête d’un engagement pour la sécurité européenne.

    En matière de coopération, beaucoup de progrès ont été faits, mais certains domaines restent en suspens, tels que la mobilité des citoyens, en particulier des jeunes. Plutôt que l’approche purement comptable, le Royaume-Uni doit considérer la richesse humaine et culturelle que permet Erasmus. C’est le vœu de nos collègues britanniques que nous avions reçus récemment ici, dans notre Parlement.

    Pour notre compétitivité, nous devons intégrer, dans nos alliances, les universités britanniques de sciences et technologie.

    Concernant l’intelligence artificielle, les Britanniques sont pragmatiques et souhaitent avancer très vite en unissant nos efforts. Nous devons tempérer notre obsession réglementaire en la matière.

    Dernier point: l’immigration. Plusieurs pays de l’Union subissent les conséquences d’un appel d’air créé par le laxisme d’employeurs britanniques. Ce sujet doit être traité.

    Chers collègues, œuvrons à une relation confiante, équilibrée, tournée vers l’avenir.

     
       

     

      Francisco José Millán Mon (PPE). – Señora presidenta, el nuevo contexto internacional —con inclusión de la guerra de agresión rusa contra Ucrania y el cambio de la Administración en Washington— hace muy conveniente reforzar la cooperación en política exterior y de defensa con el Reino Unido. Necesitamos un marco profundo e institucionalizado de cooperación en este ámbito.

    Fue una lástima que, por negativa de los conservadores británicos, este capítulo quedase fuera del Acuerdo de Comercio y Cooperación. Yo espero que la cumbre del día 19 produzca avances sustanciales en este sentido, y también en otros temas de mutuo interés como, por ejemplo, la movilidad de los jóvenes, la energía, la mayor agilización de los intercambios comerciales y la pesca.

    Me detengo brevemente en este último punto: el llamado «periodo de ajuste» de los últimos cinco años ha supuesto un importante recorte de capturas para la flota europea. A partir de 2026 no deben producirse nuevos cambios. Necesitamos previsibilidad y estabilidad para la flota europea. Quiero recordar una vez más que, aunque es verdad que barcos europeos pescan en aguas británicas, también es cierto que el mercado europeo es el que recibe la gran mayoría de las exportaciones británicas de productos del mar.

    Termino con una pregunta: señor comisario, ¿puede decirnos algo sobre en qué situación se encuentran las larguísimas negociaciones con el Reino Unido respecto de Gibraltar?

     
       




     

      Nathalie Loiseau (Renew). – Madam President, dear British friends. The EU-UK summit gives us the historic opportunity to repair our relationship. There are thousands of good reasons to do it, whereas there was none to damage old ties in the first place.

    We share the same aspirations and face the same challenges on both sides of the channel. All leaders have expressed political will to work more and better together. Now is the time to turn words into deeds.

    A credible European defence must partner with the UK as a priority, building on the coalition of the willing for Ukraine. Let’s make it happen.

    Let’s also prioritise the young generations in our decisions. Since Brexit, London deprives itself of talented young Europeans for no reason. Let’s build a youth mobility scheme.

    Every side has to make efforts. We must be more welcoming towards British touring artists. You, dear British friends, must be more welcoming towards European fishermen. Because in both cases, it would make only winners and no losers.

    Dear British friends, it is time to get out of splendid isolation and to enjoy again a European entente cordiale.

     
       


     

      Thijs Reuten (S&D). – Madam President, colleagues, Commissioner, Council, in today’s geopolitical reality, we need to stand together with our best friends, and the EU and the UK are each other’s best friends. We have to join forces to preserve our freedom, democracy and security – these core values, which were re‑established with the UK’s strong involvement also 80 years ago. As today we celebrate Liberation Day in the Netherlands, I want to thank our British liberators for their incredible contribution in this regard.

    A united Europe is needed more than ever to face today’s challenges. Being a member of the EU or not should be insignificant in this. We cannot be driven apart. The upcoming summit is an excellent opportunity to turn the page and to reshape our future and relationship for our citizens, for Europe. This should start with a new formal security and defence partnership to protect our people, strengthen our deterrence and ensure stability in Europe. Let’s get this done together.

     
       

     

      Elisabeth Dieringer (PfE). – Frau Präsidentin, sehr geehrte Kolleginnen und Kollegen, geschätzte Bürger! Ich begrüße es ausdrücklich, dass die Vertreter der Europäischen Union sich nun anders verhalten als in der letzten Zeit, ja vielleicht – bildlich gesprochen – auch von ihrem hohen Ross herabsteigen und auch persönliche Befindlichkeiten hintanstellen. Man erkennt wohl nun, dass Großbritannien auch nach dem EU-Austritt keineswegs so geschwächt dasteht, wie man es sich vielleicht auch erhofft hat, und dass europäische Unternehmen sowie besonders junge EU‑Bürger weiterhin nach England streben. Ein Grund dafür: Vier der zehn besten Universitäten der Welt stehen im Vereinigten Königreich, keine einzige davon in der EU. Für EU‑Bürger sind die Studiengebühren dort inzwischen zwei- bis dreimal so hoch wie vor dem Brexit, und in der EU gibt es kaum gleichwertige Alternativen.

    Doch es geht nicht nur um Studienplätze. Junge Menschen aus Europa möchten im Vereinigten Königreich leben, lernen, arbeiten – und stoßen auf Visapflicht, Sponsorship‑Systeme und einen Dschungel aus Bürokratie. Die EU hat hier einen wesentlichen Teil ihrer Jugendpolitik preisgegeben. Es gilt daher nun, den Brexit als Realität anzusehen, als demokratische Realität. Unsere Antworten sollten daher nicht in der Vergangenheit sein, sondern auf die Zukunft ausgerichtet.

     
       

     

      Barry Andrews (Renew). – Madam President, Commissioner, colleagues, I made my very first speech in the hemicycle in February 2020, and I called on the Commission to treat the UK not as a rival but as a partner. Given that we had two more years of Boris Johnson to deal with, that was probably a tall order. But, I believe, together with the voices of so many Members today in this debate, that we need to go even beyond partnership and talk about a like-minded strategic ally.

    I believe the time has long passed to continue to punish the UK for Brexit, or to make an example of the UK, to discourage them. I believe that way of thinking is long over, and I believe it’s a very much a minority view among in the European Commission.

    So, we need to approach the TCA review from a position of maximum ambition, including, obviously, SPS, the emissions trading scheme and youth mobility. We need to widen the scope to include finance, given the questions raised about the role of the US.

    I believe it is in our towering mutual interest to work together to make our respective economies as strong as possible.

     
       

     

      Željana Zovko (PPE). – Madam President, dear Commissioner, dear colleagues, the summit of 19 May represents a unique opportunity to deepen our cooperation with the UK in areas such as defence, trade, foreign affairs and energy. We urgently need to enhance our partnership with the UK on security and strategic questions. However, in our dialogue with the UK, we must take into account the problems of every Member States, and notably the interest of coastal countries. We must make clear that the strengthening of our relations with the UK must lead to a win‑win outcome. Moreover, the UK Government must understand that for relations to be solid, it needs to be transparent. In this regard, we need clarification on the reasons why the UK Government is not willing to cooperate more with the European Union in the Western Balkans. Only by having in mind this transparent and mutually beneficial approach will we be able to take momentum of a reset in our relations.

     
       

     

      Ana Catarina Mendes (S&D). – Senhora Presidente, Senhor Comissário, Senhor Ministro, eu sou das otimistas que acreditam que o Reino Unido ainda voltará a fazer parte da União Europeia. É por isso que vejo com muito bons olhos a próxima parceria, e sobretudo a próxima parceria porque deve ser uma parceria estratégica e o reforço das relações entre a União Europeia e o Reino Unido.

    Se é verdade que já avançámos muito no Acordo de Parceria Económica, que tem sido absolutamente essencial para reforçar os nossos laços económicos, não é menos verdade que o Reino Unido tem dado sinais, neste momento de instabilidade, sinais muito fortes de presença na definição da política de defesa e segurança na Europa. E é absolutamente essencial que mantenhamos esta relação com o Reino Unido — ela é estratégica, ela é antiga, ela é absolutamente essencial.

    Mas, se é verdade que estamos perante as novas ameaças, e estes são dois sinais muito bons, não é menos verdade, Senhor Comissário, que aquilo que peço aqui hoje, neste plenário, é que voltemos a trazer os jovens para o programa Erasmus. Façamos da cultura uma prioridade também na nossa relação com o Reino Unido, fazendo derrubar as barreiras que ainda existem na mobilidade dos nossos artistas.

    Uma Europa de valores é uma Europa que partilha também a educação e a cultura — é isto que peço à Comissão neste momento.

     
       

     

      Michał Szczerba (PPE). – Pani Przewodnicząca! Wysoka Izbo! Wspólna odpowiedzialność za bezpieczeństwo kontynentu wyznacza kierunek naszych relacji z Wielką Brytanią. Szczyt Unii Europejskiej i Wielkiej Brytanii, zaplanowany na 19 maja, musi być impulsem do sformalizowania strategicznej współpracy w dziedzinie obronności, produkcji uzbrojenia, bezpieczeństwa energetycznego i ochrony infrastruktury krytycznej. Stawiając na nowe partnerstwa, Unia Europejska realizuje cele polskiej prezydencji. Zmieniamy Unię Europejską poprzez wprowadzenie bezpieczeństwa w główny nurt naszych prac. Kompas strategiczny to narzędzie, którym dysponuje Unia Europejska do budowy strategicznych partnerstw. I Unia dostrzega konieczność zacieśniania współpracy z krajami trzecimi. Cieszymy się z dotychczasowych partnerstw z takimi krajami jak Norwegia, Japonia, Korea Południowa, Mołdawia, Macedonia Północna i Albania, ale mówimy: chcemy więcej. Chcemy więcej współpracy, chcemy więcej sojuszy, chcemy więcej partnerstw i więcej bezpieczeństwa.

     
       


       

    Procedura “catch-the-eye”

     
       

     

      Billy Kelleher (Renew). – Madam President, thank you very much. I do really welcome the reset of EU-UK relations, and I do look forward to a positive outcome in the summit. And there’s just a few points I want to allude to, Commissioner, in terms of the important issues: one being the issue of the Erasmus programme. It has been spoken about a lot, but it really is hugely fundamental to the concept of young people being able to travel, to live, to learn, to love in other cultures. And it would be a shame if over the next number of years, we were unable to see another generation of UK citizens travelling to Europe and European citizens travelling to the UK.

    From my perspective, sharing a jurisdiction on the island of Ireland, it is critically important that we have that continual building of personal relationships, and universities and third-level institutions are a great way to do that.

    The other key areas where I believe we have to make a lot of progress – again, I look at it from the context of Ireland being offshore – offshore in terms of wind energy and the distribution of electricity from Ireland through the UK and onwards into Europe. I believe we have to have a full and open and honest debate with the UK around that particular issue to ensure the simplification of the export and import of electricity via the UK itself. Otherwise, our ability to export the large sums of wind energy that will hopefully be generated in the years ahead would be significantly challenged, because there will have to be interconnectors directly from Ireland to France otherwise.

     
       

     

      Lukas Sieper (NI). – Frau Präsidentin, liebe Menschen Europas! Ich hatte vor drei Wochen die große Freude, mit britischen Kollegen aus dem House of Commons und dem House of Lords Syrien zu besuchen. Und dort, am Ende der zivilisierten Welt, in einem Land, gebeutelt von Bürgerkrieg und Unterdrückung, da findet man zusammen mit den Menschen, die einen begleiten. Genauso kam ich zusammen mit meinen britischen Kollegen. Und ich habe gespürt: Während nicht alle von ihnen erkennen, dass der Brexit ein Fehler war, so sehnen sich doch alle von ihnen nach Europa. Und deswegen denke ich, dass dieser anstehende Gipfel eine wichtige Gelegenheit ist, die Probleme aus dem Weg zu räumen, die wir in der Vergangenheit schon hatten.

    Ein großes Thema ist der Handel, und ein kleines Thema in diesem großen Thema ist die Fischerei. Wir werden uns alle daran erinnern, dass die Fischerei und die rechtlichen Fragen hinsichtlich dieses Problems einer der Gründe waren, der der Brexit-Bewegung damals erlaubt hat, Fahrt aufzunehmen. Ich möchte daher alle Vertreter der Europäischen Union aufrufen, insbesondere bei diesem Thema eine gute Lösung mit unseren britischen Freunden zu finden.

     
       

     

      Diana Iovanovici Şoşoacă (NI). – Doamnă președintă, atunci când veți vorbi cu Marea Britanie, o să vă rog frumos să apărați și interesele românilor care muncesc în Marea Britanie. Avem foarte mulți români acolo, este una dintre cele mai importante grupări de cetățeni români pe care o avem în afara granițelor țării.

    Din păcate, este discriminată total. Nu există săptămână să nu fiu anunțată că un copil este luat din rândul familiilor române. Nu este zi să nu fiu anunțată că un copil a fost atacat și înjunghiat de către alți britanici, și unii copii au murit.

    Mă adresez ambasadei Marii Britanii la București, dar și aici, dar și pe lângă Comisia Europeană – nu vor să ne primească, nu vor să vorbească cu noi. Nu-i interesează situația românilor din Marea Britanie și vă întreb: românii care muncesc în Europa, în Marea Britanie, în Uniunea Europeană, sunt chiar de clasa a șaptea a populațiilor lumii? Chiar așa, trebuie să ne batem joc de ei, iar copilul unui român nu contează absolut deloc și nimeni nu îi apără?

    Solicit Comisiei Europene, solicit Parlamentului European să ne apere și nouă copiii românilor din Marea Britanie care sunt discriminați și omorâți ca niște animale pe străzi.

     
       

       

    (Fine della procedura “catch the eye”)

     
       

     

      Maroš Šefčovič, Member of the Commission. – Madam President, my dear colleague, Honourable Minister, Honourable Members of the European Parliament, first and foremost, thank you very much for all your contributions. I would like to start by showing my appreciation, in particular, for the interventions of Mr McAllister, Madam Loiseau, Mr Gozi and Mr Andrews, because they have been with the file on EU‑UK cooperation from the very beginning, since the first moment of Brexit. They can see the change, they can feel the difference, and they can also judge the progress which we are achieving. I totally agree with them that, on both sides, on the side of the United Kingdom and on the on the side of the EU, we see the upcoming summit as a very important turning point, as a pivotal moment. Therefore, we are putting in all our efforts and we are very much focused on delivering tangible results, because we believe that this would clearly contribute to the strengthening of EU‑UK relations.

    I absolutely agree with Mr Maniatis and Mr Reuten, who are highlighting the fact that we are now living in a different world. Indeed, the geopolitical landscape has changed dramatically and, therefore, you need to forge new partnerships, new friendships, and you have to work on the relationships you have, especially with important and close neighbours. Therefore, it’s very important for all of us for the EU and UK to work closely together and to make sure that, in all aspects of what is currently being discussed on the geopolitical level, we behave like like‑minded parties, exactly like Madam Mendes and Mr Cowen highlighted.

    If you allow me to just bring you a little bit more detail of my visit to London last week, on top of a very well prepared joint committee, where we went through the entire inventory of issues linked to the Windsor Framework, with the Withdrawal Agreement and with the citizens’ rights. I want to expressly say here how much was achieved, how much we focused on this area, how much we fight for the rights of every single EU citizen in the United Kingdom, and how much we work with our Member States to make sure that British nationals who live in the EU also have also the rights which belong to them under the Withdrawal Agreement. I want to reassure everyone that this is a top priority for us. We are really taking care of every person here because we know that we are talking about families, we are talking about children, and we are talking about the fair treatment of our citizens in the UK and British nationals in the EU.

    On top of the joint committee session, in one day I had very productive sessions with four ministers, with Minister Nick Thomas-Symonds, with Secretary of State Jonathan Reynolds, with whom we discussed trade, with Mr Hilary Benn, where we delved into the issue of Northern Ireland and our cooperation over the Northern Ireland Protocol, and with Mr David Lammy, where we managed not only to discuss geopolitics, but also our good and positive cooperation on the issues linked with Gibraltar. This is also reflecting the new wave of partnership and positive atmosphere between EU and UK.

    Coming back to the more concrete points the Honourable Members have made. Indeed, on security and defence, it’s very clear that we can do more to strengthen our cooperation in this area. The points of Madam Zovko and Mr Van Dijck are very well taken, and we are working with this clearly in our minds. I am sure that if you look at the White Paper on the future of European defence already there, we are making it very clear that the UK is an essential European ally, and we are stating that cooperation should be enhanced in our mutual interest. Therefore, I can confirm that we want to be ambitious in this area, and we see it as a core part of a renewed EU‑UK agenda.

    Many Honourable Members have been referring to the importance of the area of people‑to‑people contacts. I can assure you that not only for our Member States, which I’m sure Minister Szłapka can confirm, but also for the Commission, very clearly, this is one of the top priorities. We want, again, to build bridges. We want to give our youth the experience of talking to British peers, of having these exchange programmes. Of course, we will be very happy if we can manage to find a solution on Erasmus+ and other other areas of cooperation, as Madam Wiśniewska and Mr Holmgren have been calling for. Therefore for us, in this particular regard, it is very important not to look at each other’s citizens as mere statistics, but as future bridge‑builders, as people who would remember that experience for the rest of their lives. Of course, therefore, in this regard, we want the summit to bring tangible benefits to the people on both sides. For us, clearly, the ambition in this area is an indispensable part of the renewed EU‑UK agenda.

    Honourable Members have been referring, among other areas, to the importance of fisheries, and I would like to reassure all of you that this is clearly a priority for us, as it was raised by Mr Millán Mon and Mr Ruissen. The current arrangements for reciprocal access to waters expires in the middle of next year, so it is essential for us to reach an early agreement that protects the rights of our fishers and provides them with certainty and predictability. We have also been open to an SPS agreement with the UK, as Madam Carberry was calling for. We do that because we are convinced that this would further facilitate the flow of SPS goods between Great Britain and Northern Ireland, beyond what has already been achieved with the Windsor Framework.

    On top of this, the ideas mentioned by Mr Andrews, like linking the emissions trading system or strengthening cooperation in the field of energy, as was called for by Mr Kelleher and Mr Cowen – all these are areas we are currently looking at where I believe we can progress further. When you follow the statement of Commission President von der Leyen, she was very clear on this as well. So there is more that the EU and UK can do together to exploit our potential in this area, and we will be using every single remaining day to achieve this result.

    Mr Millán Mon was asking about Gibraltar. I will partially respond to this: I have to underline at this stage that we are progressing in a positive direction, and I really would like to thank both Foreign Minister Alvarez and Mr Lammy for their exemplary cooperation and for understanding the position of all sides, because this will help us to advance on these very complex and difficult discussions. We will be working on this at the top level. I believe that we will be successful in that result as well.

    Madam President, Honourable Members, my dear colleague, Minister Szłapka, I would like to conclude by thanking you once again, not only for the exchange we had this afternoon, but also for the very vigilant eye and constructive spirit this house has always demonstrated towards the development of EU‑UK relations. We’ve been working very closely on these issues throughout the years, and I believe that the progress which we can see right now is also thanks to your vigilance, to your support and to your to your constructive ideas. Once again, thank you very much, and I’m also looking forward to this constructive cooperation in the future. Thank you, Madam President.

     
       

     

      Adam Szłapka, President-in-Office of the Council. – Madam President, thank you very much, honourable Members, Commissioner, the European Union and the United Kingdom are more than neighbours, we are like-minded democracies that share a deep commitment to the rule of law, human rights, market economy and the international order. We are united by a set of values that underpin stability in a world that has become increasingly uncertain.

    Our relationship with the UK is about being close partners in peace, prosperity, democracy and about global leadership. We will reaffirm our commitment to this relationship at the summit in pursuit of our shared strategic interests and for the benefit of our citizens.

     
       

     

      Presidente. – Dichiaro chiusa la discussione.

     

    19. Protection of the European Union’s financial interests – combating fraud – annual report 2023 (debate)


     

      Gilles Boyer, rapporteur. – Madame la Présidente, mes chers collègues, Monsieur le Commissaire, le rapport annuel sur la protection des intérêts financiers de notre Union est bien plus qu’un exercice administratif. C’est le miroir de notre capacité collective à défendre notre budget contre les attaques dont il fait l’objet. Notre Parlement accorde une attention toute particulière aux résultats de ce rapport de la Commission, car ils mettent en lumière les failles, les risques, mais aussi les progrès qui sont réalisés dans la lutte contre la fraude. Grâce à notre architecture anti-fraude, le rapport est désormais enrichi des données du Parquet européen, d’Europol et d’autres acteurs-clés.

    Nous devons cependant aller plus loin. L’architecture actuelle doit être modernisée, consolidée et surtout rendue pleinement opérationnelle. Avec la création du Parquet européen, nous avons franchi une étape. Il est maintenant temps de renforcer les synergies entre les différentes branches de notre architecture.

    En parallèle, nous faisons face à une mutation rapide des menaces. L’intelligence artificielle est désormais utilisée par les organisations criminelles pour détourner des fonds européens. Notre riposte doit donc être aussi technologique. Nous devons mettre à jour nos outils: IMS, Arachne, EDES. Nous devons aussi investir massivement dans des outils numériques avancés et renforcer notre capacité d’analyse des risques, sinon nous aurons toujours un temps de retard sur les criminels.

    Les chiffres sont clairs: les actions menées par les entités luttant contre la fraude ont un véritable impact financier. Les recouvrements de paiements indus par l’OLAF et la restitution au budget de l’Union des fonds confisqués grâce au Parquet européen doivent devenir des priorités stratégiques. Les montants détournés doivent être récupérés rapidement; ils doivent l’être au niveau européen et être réaffectés aux politiques communes.

    Nous faisons également face à des défis structurels. Les systèmes nationaux restent trop fragmentés. Les capacités de certaines autorités anti-fraude demeurent insuffisantes. Nous devons donc poursuivre l’harmonisation de nos législations, renforcer la coopération transfrontalière et protéger celles et ceux qui ont le courage d’alerter.

    Les trois grandes menaces que nous avons identifiées cette année – le crime organisé, la corruption et les conflits d’intérêts – sapent l’intégrité de la dépense publique et détournent nos fonds communs. Ces menaces ne sont pas des fatalités, mais elles appellent une réponse ferme, coordonnée, technologique, éthique et résolument européenne.

    Je souligne aussi dans mon rapport l’importance du règlement sur la conditionnalité qui permet de faire le lien entre l’état de droit et la protection des intérêts financiers de l’Union. Il rappelle que l’accès aux fonds européens exige des garanties solides en matière d’indépendance de la justice et de prévention des conflits d’intérêts. Nous ne pouvons pas tolérer que des fonds européens financent des systèmes qui sapent l’état de droit.

    Monsieur le Commissaire, chers collègues, nous avons la volonté. Il faut désormais nous donner pleinement les moyens de passer à l’action. Je compte sur vous pour que le prochain cadre financier pluriannuel prenne pleinement en compte nos priorités communes de lutte contre la fraude et contre le crime organisé, ainsi que l’application rigoureuse du principe de conditionnalité. Le budget européen ne peut rester vulnérable face à des réseaux criminels et à la complaisance de certains États ou à la technicité de la fraude moderne.

     
       

     

      Piotr Serafin, Member of the Commission. – Madam President, honourable Members, first of all, I would like to thank the rapporteur, Mr Boyer, and the members of the Committee on Budgetary Control for their report, which is balanced, forward-looking and that we not only appreciate, but we share most of the observations that have already been made.

    The European Parliament has always supported and, I would say even more, inspired the European Commission to make the anti-fraud architecture more effective and up to the task – for that, I would like to thank you also today. Because of the time constraints, I will concentrate only on a few most prominent aspects of the report that have been already mentioned by the rapporteur.

    First, the review of the anti-fraud architecture – this is one of the tasks for this Commission. As the rapporteur has mentioned we have new actors already in place, we might have even more, and it will be absolutely necessary to look and see for the synergies and to facilitate cooperation between the actors. So, from our perspective, to achieve efficient and effective cooperation among all anti-fraud actors will be the priority of the review of the anti-fraud architecture. That is also the precondition for effective and swift recovery of EU funds.

    We have already started this process in the Commission. We had consultations with the main actors, including EPPO, OLAF, European Court of Auditors, Eurojust and Europol with a view to drawing up an action plan. I stand ready to inform the European Parliament about the progress and I will also count on the support of this House for the future implementation.

    I can only echo what was said by the rapporteur on the conditionality regulation – this is clearly progress and very welcome developments, and the one that, looking ahead in view of the next Multiannual Financial Framework, we will keep in place. We would also like to build on the experience to ensure that the EU budget can be used to promote reforms that strengthen the rule of law in Member States. Therefore, there should not be any doubt – respect for the rule of law is a must for EU funds and even more in the future MFF.

    Thirdly, the digitalisation and integration of data. The rapporteur has already referred to a few systems that we have in place – I will talk about them later. But what I want to say is that we are fully aware that digitalisation, interoperability of databases and integration of AI tools for fraud detection and prevention are already present in the revised action plan that accompanies the Commission anti-fraud strategy. We are progressing on its implementation, despite the challenges, and we will report about these developments in the next PIF report.

    However, at the heart of any significant development in this direction lies the issue of data quality, without which any technical solution will remain fruitless. We are significantly investing in this by providing detailed guidance to national authorities and engaging in structured dialogue with those that need additional assistance.

    Fourthly, refining our tools – IMS, which has been mentioned several times in your report, received an important upgrade at the end of last year to make it technologically ready for other significant developments that will follow. When it comes to Arachne – the tool already supports control and audit and helps protect the Union’s financial interests, and we will continue to strengthen it in line with financial regulation. A Member States expert group, in which the European Parliament sits as an observer, formalises the cooperation towards the development of the future system. We will also be happy to continue to update you on the progress in this project.

    When it comes to the early detection and exclusion system, it is currently applicable in direct and indirect management modes as of 2028. Its scope will be extended to short management and direct management with Member States and that is something for which the European Parliament can also take credit.

    Let me also mention whistleblower protection that is supporting the prevention and detection of fraud. To strengthen the culture of ethics and maintain a high level of awareness about fraud, corruption or other serious wrongdoing, the Commission will provide updated guidance to its staff on whistleblowing procedures and protection, in light of the EU standards of protection in this area.

    And finally, our attention is already set on the future and on the design of the next Multiannual Financial Framework, drawing from good practices and lessons learned during the current MFF. We will need to make sure, in particular, that the legal provisions underlying the future MFF ensure transparency of fund recipients and meaningful and mandatory reporting of quality data about detected irregularities and fraud, and a strong anti-fraud architecture to ensure adequate protection of the EU budget. When the moment of the negotiations of the legislative package for the future MFF comes, the Commission will count once more on your support to ensure that the resulting legal framework will be up to the challenges we are confronted with. I thank you again for your attention and look forward to the constructive debate.

     
       

       

    PREȘEDINȚIA: NICOLAE ŞTEFĂNUȚĂ
    Vicepreședinte

     
       

     

      Caterina Chinnici, a nome del gruppo PPE. – Signor Presidente, Signor Commissario, onorevoli colleghi, io voglio innanzitutto ringraziare il relatore, l’onorevole Boyer, e gli altri relatori ombra per il lavoro che insieme abbiamo svolto su questa importante relazione. Importante perché tutelare gli interessi finanziari dell’Unione e contrastare le frodi significa non solo proteggere il bilancio ma anche la stessa sicurezza interna dell’Unione.

    Infatti, come la Procura europea ed Europol costantemente ci segnalano e come ricorda anche la relazione, dietro le frodi e gli altri reati che ledono gli interessi finanziari dell’Unione ci sono sempre più spesso – direi ormai sistematicamente – le organizzazioni criminali, le stesse responsabili anche dei crimini più violenti.

    E allora, a fronte dell’aumento dei casi di frode e irregolarità nel quinquennio 2019-2023, occorre rafforzare la cooperazione e lo scambio di informazioni a tutti i livelli, intensificare digitalizzazione e trasparenza, consolidare i sistemi di gestione e controllo, in particolare nell’ambito dell’RRF, dove, secondo la Corte dei conti europea, permangono carenze preoccupanti.

    Ma soprattutto, e più in generale, dobbiamo rafforzare l’architettura antifrode dell’Unione, migliorando il coordinamento tra le componenti, sia a livello orizzontale degli organismi dell’Unione, sia a livello verticale di rapporti UE-autorità nazionali degli Stati membri, che devono adottare un approccio sempre più proattivo in tale settore.

    Ed è necessario, sempre in quest’ottica, procedere alla revisione dei mandati dei due attori chiave nella lotta alla criminalità economico-finanziaria: EPPO ad Europol, già prevista negli ordinamenti della Commissione, e questo non solo per rafforzarne ulteriormente il ruolo, ma anche per rendere la cooperazione fra di loro ancora più strutturale e sistematica.

    Prevenzione, individuazione, indagini e repressione delle frodi non solo per un ritorno in termini economici ma per tutelare opportunità, diritti e sicurezza dei cittadini europei.

     
       

     

      Eero Heinäluoma, on behalf of the S&D Group. – Mr President, Commissioner, colleagues, I also would like to thank our rapporteur and the shadows for excellent cooperation in preparing this report.

    Combating fraud is about protecting the EU budget. Equally much, it is about protecting European citizens and businesses.

    Through European cooperation, we have managed to combat trade in faulty protection equipment during the pandemic, prevented unsafe toys from reaching our children and hindered dangerous food products from ending up on our plates.

    Together, we are able to better ensure that EU financial support benefits businesses that live up to our common rules and objectives, instead of those undermining European policies of fair competition on the single market.

    To be successful, however, we need all of our society to participate. A zero-tolerance culture against fraud begins with public authorities, including national governments, leading by example and condemning fraud and corruption wherever they occur.

    We need an open democratic society with media and civil society free from political pressure or attempts to restrict their participation in public dialogue.

    Here, the Commission has a key responsibility in ensuring that our safeguards are robust enough to meet a growing volume of EU funds and an ever more challenging fraud landscape, as our rapporteur told us. Reality shows the need for strengthened safeguards for protecting the EU budget against misuse, be it fraud or violations of the rule of law, not least in view of the upcoming MFF.

    Ultimately, we need to ensure that every euro is spent to the benefit of European citizens and businesses.

     
       

     

      Virginie Joron, au nom du groupe PfE. – Monsieur le Président, chers collègues, Monsieur le Commissaire, ce rapport sur la protection des intérêts financiers de l’Union est trop clément. En effet, à l’exception du lobbying des ONG vertes financées par Bruxelles, la plupart des scandales majeurs ne figurent ni dans le rapport ni dans les statistiques présentées.

    Comment excuser l’inaction du Parquet européen dans l’affaire Pfizer-Von der Leyen? Aucune enquête n’a été menée sur d’éventuels conflits d’intérêts et sur les erreurs systématiques dans la négociation des contrats, sur les 71 milliards d’euros gaspillés en vaccins contre la COVID, sur les doses annulées de Pfizer à 10 € la dose, sur l’achat de plus de 1 milliard d’euros pour le Remdesivir du laboratoire Gilead – traitement pourtant jugé inefficace contre la COVID –, ou encore sur l’emprunt géant post-COVID à taux variable.

    Il y a de grandes spoliations et il y a des décisions inexcusables de la Commission qui ne figurent dans aucun rapport. Comment autoriser le pantouflage de Thierry Breton à la Bank of America? Ou confier à BlackRock le soin d’imaginer notre futur bancaire? Laisser sans conséquences majeures le directeur général de la DG MOVE voyager aux frais du Qatar? Confier le recrutement des fonctionnaires européens à une entreprise américaine? Ou encore le blanchiment présumé de 1 million d’euros par le commissaire à la justice via des tickets de loto achetés dans une station-service? De quelle crédibilité la Commission peut-elle se targuer quand elle ne respecte pas ses propres principes?

    Cette Commission «VDL II» veut aujourd’hui contrôler les urnes, car les citoyens refusent cette mauvaise gestion. C’est ça, la solution?

     
       


     

      Lucia Yar, za skupinu Renew. – Vážený pán predsedajúci, pán eurokomisár, kolegovia, kolegyne, dnes presne dnes, keď tu diskutujeme o ochrane európskych peňazí, sa v krajine, z ktorej pochádzam, na Slovensku, vo veľkom diskutuje o okrádaní bežných ľudí na úkor oligarchov. Tí si z eurofondov, dámy a páni, stavajú na Slovensku haciendy. Eurofondy na podporu vidieka a turizmu opakovane končia v rukách vyvolených s prepojením na premiéra Fica a jeho vládnu moc. Už pred rokmi na tieto schémy s dotáciami upozorňoval zavraždený novinár Ján Kuciak. Od jeho smrti ubehlo sedem rokov, no podvodné praktiky pretrvávajú. Presne tieto prípady ukazujú, prečo je potrebné, aby sme na úrovni Európskej únie dôsledne chránili naše financie. A presne k tomu nabáda aj táto správa. Je dôležité, a to nielen pre krajiny, ktoré najviac prispievajú do európskeho rozpočtu, ale je to dôležité aj pre obyvateľov krajín ako Slovensko, ktorí vedia vďaka eurofondom dobiehať západ a vďaka tomu aj dobiehajú. My tu v europarlamente musíme urobiť všetko pre to, aby európske peniaze slúžili tam, kde sú potrebné, a najviac ľuďom v najmenej rozvinutých regiónoch.

     
       

     

      Daniel Freund, on behalf of the Verts/ALE Group. – Mr President, 228 bottles of champagne, turning a former royal palace into a private golf club, yachts, private jets, Ferraris, vacations in the Maldives – dear colleagues, these are all things that have been purchased by the French Rassemblement National and by the Hungarian Fidesz with money that they stole from the European Union. EU funds that were meant to improve the lives of ordinary Europeans have instead been misused for the luxury lives of a few individuals from the extreme right.

    The Rassemblement National and Fidesz – it’s a match made in extremist heaven, and together they form the most corrupt group in this European Parliament: PfE. And while they’re giving their hate and lie-filled speeches – and we just heard it here a couple of seconds ago – blaming people’s problems on Soros, on Eurocrats, on trans people, on NGOs, on refugees, whatever is the matter of the day, they just can’t hide the fact that Viktor Orbán and Marine Le Pen are ultimately the biggest risk to EU taxpayers’ money.

    And while Marine Le Pen, who has defrauded this Parliament of EUR 4.6 million, has been rightfully convicted and is not allowed to run for election for five years, Viktor Orbán remains yet unpunished. But it is time that he gets punished for the EUR 14 billion that he and his cronies have stolen from EU taxpayers.

    Commissioner, we need to do something about this. We cannot keep sending billions of euros to what is the biggest financial risk in this Union. It’s the corrupt system of Viktor Orbán. So, the best thing we can actually do to protect the EU’s financial interests from fraud, from embezzlement, from corruption, is that we stop paying the corrupt autocrat in Budapest.

     
       

     

      Rudi Kennes, namens de The Left-Fractie. – Voorzitter, het vertrouwen in de Europese Unie heeft een dieptepunt bereikt. Het is onze verantwoordelijkheid ervoor te zorgen dat overheidsgeld niet wordt verspild of verduisterd. Het verslag benadrukt hoe veel er nog moet gebeuren om de capaciteit van de fraudebestrijdingsarchitectuur te versterken. De opsporing en de melding van fraude blijven ontoereikend, hoewel er aanzienlijke aantallen onregelmatigheden zijn gemeld.

    We moeten de rol van ngo’s en journalisten erkennen bij het blootleggen van misbruik van EU-middelen; we moeten respect opbrengen voor hun werk en hun moed.

    Digitalisering is van cruciaal belang om de besteding van overheidsgeld te kunnen volgen; de systemen en het personeel voor grensoverschrijdende onderzoeken moeten toereikend zijn. Wanneer criminelen zich geld toe‑eigenen, moet dat geld snel worden teruggevonden.

    Een belangrijk deel van het verslag houdt ook verband met sancties. Persoonlijk vind ik het verkeerd om hele bevolkingsgroepen sancties op te leggen. Ten eerste werken sancties niet. Ten tweede zijn sancties enkel nadelig voor de gewone mensen.

    Tot slot stel ik met teleurstelling de gebruikelijke dubbele standaarden vast bij het aan de kaak stellen van corruptie, crimineel gedrag en schendingen van de mensenrechten. Ik zou willen dat de Europese Unie zich met evenveel toewijding voor de rechtsstaat in het Midden-Oosten inzet als ze dat voor Oekraïne doet.

     
       

     

      Arno Bausemer, im Namen der ESN-Fraktion. – Herr Präsident, meine sehr verehrten Damen und Herren! Der vorliegende Bericht konstatiert für das Kalenderjahr 2023 einen historischen Höchststand der Korruptions- und Betrugsfälle in der Europäischen Union: 13 563 Fälle von Betrug und Unregelmäßigkeiten wurden von den Behörden der EU und der Mitgliedstaaten gemeldet. Die betroffenen Mittel belaufen sich auf 1,9 Milliarden EUR.

    Nun sind wir als Abgeordnete dieses Hauses hier verantwortlich für den Umgang mit den Mitteln der Steuerzahler – für den verantwortungsbewussten Umgang. Aber wie soll dieses Ziel erreicht werden, wenn wir mit Ursula von der Leyen eine Kommissionspräsidentin haben, deren Handeln sehr viele Fragen aufwirft? Die Ermittlungen der EU-Staatsanwaltschaft zur Beschaffung von zig Millionen Corona-Impfdosen sind offensichtlich mittlerweile eingeschlafen, denn davon hat man seit dem Sommer letzten Jahres nicht mehr viel gehört. Trotz Aufforderung der EU-Ombudsfrau hat Frau von der Leyen bis heute ihre damaligen Chatverläufe mit dem CEO von Pfizer nicht öffentlich gemacht.

    Schaffen Sie, Frau von der Leyen, bitte endlich die notwendige Transparenz, denn Sie stehen nicht über dem Recht und können hier machen, was Sie wollen. Denn Ihnen fehlt im Gegensatz zu uns allen – uns 720 Abgeordneten – nicht nur die demokratische Legitimation, sondern offensichtlich auch jeglicher Anstand. Werte Frau von der Leyen – Sie sind ja nicht da, vielleicht kommen Sie irgendwann mal wieder –, denken Sie daran, dass die Opposition von heute die Regierung von morgen ist. Denken Sie daran, dass man eine Opposition vielleicht kurzfristig behindern kann, aber dass man einen demokratischen Wandel und den damit verbundenen Willen der Bevölkerung niemals aufhalten kann. Und denken Sie daran, dass in der Geschichte schon der eine oder andere Machthaber in seinem Elfenbeinturm eingeschlafen und im Gefängnis wieder aufgewacht ist.

     
       


     

      José Cepeda (S&D). – Señor presidente, señor comisario Serafin, muchas gracias por este trabajo. Es un trabajo importante que, de verdad, nos tomamos —como muy bien decía mi colega del PPE— muy en serio, porque hay algo que nos preocupa de una forma muy especial, y es el incremento del fraude.

    Hemos visto que en este presupuesto de 2023 se investigaron 13 563 casos, con un impacto financiero de 1 900 millones de euros. Es verdad que, además, estamos evaluando una sofisticación cada vez más creciente. La utilización de las nuevas tecnologías va en aumento, como la de la inteligencia artificial, sin lugar a dudas, para suplantar identidad, desarrollar clonaciones de bots o llevar a cabo ataques cibernéticos.

    Yo creo que la Comisión todo esto se lo tiene que tomar muy en serio. Desde luego, yo quiero apostar muy fuerte por las nuevas tecnologías y la implementación de la inteligencia artificial, pero tenemos también que saber proteger. Tenemos que dar formación también a los trabajadores de la Comisión y de nuestras instituciones. En definitiva, es muy importante que desarrollemos muchas capacidades, pero sobre todo que sepamos cada vez protegernos mejor.

     
       

     

      Julien Sanchez (PfE). – Monsieur le Président, ce rapport confirme que les intérêts financiers de l’Union ne sont pas protégés. En 2023, les fraudes et irrégularités ont atteint un record historique: 13 563 cas et 1,90 milliard d’euros détournés de leur objectif, et ce ne sont que les chiffres officiels.

    Vu le peu de contrôles effectués dans les dépenses, ici, c’est en réalité bien davantage. Pire, 233 enquêtes du Parquet européen sont en cours sur les fonds de la FRR avec 1,86 milliard d’euros en jeu. Et cela ne fait que commencer, car vous confiez le contrôle de la FRR à ceux qui en perçoivent les fonds: c’est affligeant d’amateurisme!

    J’étais en mission en Lettonie en avril et la Cour des comptes locale n’a pu répondre à aucune de mes questions sur le sujet. Un scandale! Si je peux me rendre compte de cela, moi, vous, vous ne le pouvez pas? Vous préférez faire l’autruche?

    En tant qu’ancien maire, je suis dégoûté par ce que je vois ici. Si nos concitoyens étaient conscients de votre légèreté dans le contrôle des dépenses, ils demanderaient vos têtes. Votre responsabilité est immense. Pendant que la Commission tergiverse, l’argent des contribuables européens alimente la corruption et les mafias. Ça suffit!

    Ce ne sont pas des rapports ou des vœux pieux que nous voulons, mais de la transparence, un contrôle systématique et exhaustif au centime près et donc des résultats. En attendant, nous continuerons à dénoncer vos lacunes et à proposer des moyens d’éviter ce qui se passe ici. Il est temps que le laxisme cède sa place à l’exigence.

     
       

     

      Alexander Jungbluth (ESN). – Herr Präsident! Der größte Betrugsskandal in der Geschichte der EU wird in dem vorliegenden Bericht nicht einmal erwähnt. Rund 35 Milliarden EUR hat der Impfstoffdeal von von der Leyen den Steuerzahler in etwa gekostet. Nach wie vor verweigert sie die Aufklärung, was die Europäische Staatsanwaltschaft nicht zu stören scheint. Betrug auf allerhöchster Ebene ist in dieser EU längst Standard geworden. Und an die Adresse der Grünen: Herr Freund, es ist immer ganz interessant, dass Sie hier Frau Le Pen ansprechen.

    Wir wollen an dieser Stelle doch mal feststellen, dass Ihre Parteivorsitzende, Frau Brantner, dem Magazin Tichys Einblick zufolge genau im Verdacht steht, das Gleiche gemacht zu haben. Im rheinland-pfälzischen Wahlkampf 2011, als die Grünen nicht im Parlament vertreten waren, hat sie genau das gemacht, was Sie heute Le Pen vorwerfen. Sie haben Mitarbeiter dazu verwendet, ihren Wahlkampf zu unterstützen. Sie sind an Korruption in diesem Haus überhaupt nicht zu übertreffen. Sie machen nämlich zwei Dinge: Sie haben eine korrupte Parteivorsitzende Brantner auf der einen Ebene, und mittelbar nutzen Sie über Ihre NGOs diesen Staat, nutzen Sie die EU als Selbstbedienungsladen. Sie sind der korrupteste Haufen, den dieses Parlament überhaupt zu bieten hat, Herr Freund!

    (Der Redner ist damit einverstanden, auf eine Frage nach dem Verfahren der „blauen Karte“ zu antworten.)

     
       

     

      Lukas Sieper (NI), Frage nach dem Verfahren der „blauen Karte“. – Schauen Sie mal, Herr Jungbluth, mit Ihnen diskutiere ich so gerne. Da opfere ich sogar mein Catch the eye, nur um Ihnen hier diese Frage zu stellen. Ich hoffe, Sie sind bereit. Sie sagen, dass dieser oder jener Teil der korrupteste Haufen hier im EU‑Parlament ist oder auch die Kommission. Ich meine, dass die Berichte da mal öffentlich gemacht werden müssen und die SMS, da sind wir uns ja alle einig. Was da drin steht, das weiß auch nur der liebe Gott. Aber ich schweife ab. Meine Frage an Sie lautet: Wie können Sie eigentlich sagen, dass jemand anderes der korrupteste Haufen ist, wenn es Ihre Partei ist, die sich von ausländischen Agenten schmieren lässt, weswegen wir hier die Immunität aufheben müssen?

     
       

     

      Alexander Jungbluth (ESN), Antwort auf eine Frage nach dem Verfahren der „blauen Karte“. – Der Kollege hat es gerade richtig gesagt. Sie haben hier eine Märchenstunde, die Sie erzählen. Und wissen Sie was? Folgendes ist der Fall: Es ist doch tatsächlich so, dass bei uns immer Kleinigkeiten hervorgehoben werden und dann ein angeblicher Korruptionsskandal daraus gemacht wird. Da gibt es irgendwelche dubiosen Geschichten, die Leute wie Sie dann immer gerne erfinden. Auf der anderen Seite haben wir tatsächliche Korruption, die eben nicht geahndet wird, weil wir eben unter anderem keine unabhängige Gerichtsbarkeit haben.

    Wir sehen das gerade in Deutschland, was passiert. Wir haben einen abhängigen Inlandsgeheimdienst, wir haben eine abhängige Verfassungsgerichtsbarkeit, und das ist das eigentliche Problem. Das eigentliche Problem ist, dass eine Rechtsstaatlichkeit innerhalb dieser EU kaum noch gegeben ist.

     
       

     

      Evin Incir (S&D). – Mr President, every misuse of taxpayers’ money is essentially theft. Viktor Orbán, the leader of the far right in Europe, is one of the biggest ones. The European Commission is currently withholding … So are the colleagues going to be silent or am I allowed to continue?

    (The President asked for silence in the room)

    Every misuse of taxpayers’ money is essentially theft. Viktor Orbán, the leader of the far right in Europe, is one of the biggest ones. The European Commission is currently withholding many billions in EU funds from Hungary due to rule of law and corruption concerns.

    This is corruption. Anti‑democrats remain anti‑democrats. Transparency and accountability are their greatest enemies. Their shamelessness knows no bounds, even extending to spying on investigators from the EU Anti‑Fraud Office, OLAF.

    Those who misuse public funds and target our anti‑corruption agencies also attempt to demonise the cornerstone of democracy: civil society. A vibrant civil society is a vital pillar of healthy democracies, which explains why Orbán is attacking it.

    Let us also not forget the baseless allegations against important international organisations like UNWRA. Democracy is currently in jeopardy.

     
       

     

      András László (PfE). – Elnök Úr! Képviselő Asszonynak rögtön válaszolnék is. Magyarország uniós forrásait részben azért tartják vissza, mert nemet mondunk az ukrajnai háborúra, nemet mondunk az illegális migrációra, és nemet mondunk a genderideológiára. De ami Brüsszelt illeti, az NGO-k finanszírozási botránya végre elérte az Európai Uniót is. Az Európai Számvevőszék jelentése egészen megdöbbentő, egyértelműen átláthatatlan finanszírozásról beszél. Még az sincs rendesen szabályozva, hogy mi számít ténylegesen nem kormányzati szervezetnek.

    Az EU egyszerűen elfogadja azt, hogyha egyes szervezetek annak vallják magukat, miközben fontos politikai kérdésekben rájuk hivatkozik az Európai Bizottság mint akik az európai polgárok akaratát képviselik. Az elmúlt években az Európai Parlament korrupciós botránya, a legutóbb zöld botrányban érintett Frans Timmermans esetében is kiderült, hogy NGO-k a politikai befolyásszerzés eszközei voltak. A Magyarországon működő legnagyobb, magukat civilnek hazudó szervezetek pedig támogatásuk túlnyomó részét nem magyar magánszemélyektől kapják, hanem külföldről. Ennek véget kell vetni, véget kell vetni a politikai árnyékhatalomnak, és át kell világítani ezt a rendszert. A bújtatott politikai lobbinak véget kell vetni.

     
       

       

    Intervenții la cerere

     
       

     

      Maria Grapini (S&D). – Domnule președinte, domnule comisar, stimați colegi, discutăm o problemă extrem de importantă și este păcat că suntem atât de puțini.

    Apărarea intereselor financiare ale Uniunii ține, de fapt, de credibilitatea instituțiilor europene și cum le putem apăra?

    În primul rând, toate instituțiile care sunt desemnate și plătite pentru a apăra interesele financiare și a combate frauda trebuie să lucreze transparent, să ne informeze, să transmitem în țara noastră, în țările noastre, ce fac aceste instituții, pentru că le plătim și nu cu bani puțini.

    Am exemple concrete – Parchetul European – am fost raportor în mandatul trecut, Parchetul European nu este eficient. A recuperat 1%, circa 1% din sumele pentru care au cheltuit bani, au controlat. Mai mult, sunt cazuri extrem de grave: trei ani de zile terorizează o companie și, în final, nu este vinovată compania de a o scoate din piață.

    Deci, dacă nu lucrează pentru cu adevărat pentru recuperarea pagubelor și evitarea fraudelor, ne pierdem credibilitatea și să nu ne mirăm că se dezvoltă extremismul.

    Asta cer Comisiei Europene: transparență și eficiență în munca pe care o fac.

     
       


     

      Lukas Sieper (NI). – Mr President, dear people of Europe, dear Commissioner, when I was researching the most important administrative body of the European Union regarding the topic of this debate, OLAF – who, by the way, also has one of the funniest names of all European institutions, at least from a German or maybe Scandinavian perspective – I found a shocking truth: this so important administrative body does not have Instagram, no TikTok, nothing but a LinkedIn account and a website.

    Everyone in this room, maybe because of different political ideas, agrees on the fact that fraud is hurting this Union, is hurting the trust in our Union. And so I’m wondering, why do we not publish this important work of OLAF in a system that is modern, that reaches the young generation? How can this be?

    And maybe we should also ask ourselves, which other institutions make the same mistake? I hope you can take this with you, Commissioner, even though you are not directly responsible.

     
       

       

    (Încheierea intervențiilor la cerere)

     
       

     

      Piotr Serafin, Member of the Commission. – Mr President, many thanks for the debate. I appreciate a number of suggestions and remarks that have been raised and that can help us to improve the way in which the anti-fraud architecture operates.

    And as I said already in the opening remarks, the work on the reform and the review of the anti-fraud architecture will be absolutely key during this mandate.

    I think a lot of positive developments took place in the last few years. The fact that we have in place EPPO is clearly a positive development. The fact that we have been and we will continue to invest also European taxpayers’ money into the development of the anti-fraud architecture, let me just make a reference to the announcement of President von der Leyen to increase financial resources available for Europol, that is also a positive development.

    But it’s also true that since we have new actors, since we are also going to have a few new players in the area of anti-fraud architecture, that’s why that review is really necessary. And I believe that that review is not just important from the perspective of the protection of the financial interests of the EU, not only from the perspective of the protection of the EU budget, but also from the perspective of our Member States. Because the truth is that the single market is an opportunity not only for our companies, not only for our citizens, but it is also an opportunity for fraudsters. And I’m absolutely certain that without a system that we have at EU level, Member States alone would not be able to detect and fight against fraud. And that is one of the important takeaways that we will also keep in mind while looking into the future of the anti-fraud architecture.

    The second point that I would like to make refers to the data on the detection of fraud. Many of you have referred to that data. Yes, it is an issue of concern. That is an issue that we would need to continue to address. But that is also a measure that we have put in place: an anti-fraud system that is able to detect fraud, that is able also to fight fraud and corruption. The system is not perfect, that’s why we would need to review it. That’s why we need to continuously work to improve it. Because as we know, one thing that the fraudsters are not missing is creativity. They will continue to look for ways in which they can misuse public money, including the EU budget money.

    But that system is already is already bringing results. And to be frank, I’ve heard about some countries, not necessarily in the European Union, in which those in power say there is no fraud, there is no corruption – I don’t believe it. I think there is fraud and there is corruption everywhere because that risk is everywhere. The question is whether we have a system in place that can address it and fight it.

    And that is another point that I would like to share with you, and one last on the NGOs: I think it has to be stated clearly, we’ll discuss it also tomorrow, there is no fraud. There has never been fraud. And those who are referring to NGOs, they know it. I have more and more the impression that they are doing that, because they would like to eliminate NGOs from the public debate at the European level.

     
       

     

      Gilles Boyer, rapporteur. – Monsieur le Président, Monsieur le Commissaire, chers collègues, merci pour ce débat utile qui fait émerger des positions non pas unanimes, parce que l’unanimité n’est pas de ce monde, mais des positions largement consensuelles ou en tout cas une volonté partagée de faire, tous ensemble, le meilleur usage de l’argent public européen, de lutter contre une fraude protéiforme, massive, inventive et souvent plus rapide que nous, décideurs européens.

    À partir de ce consensus, j’aimerais que l’ensemble des groupes qui partagent cette vision, au-delà des nuances que nous pouvons avoir, ne se laissent pas polluer par un sujet important, mais finalement marginal dans notre architecture européenne, celui des ONG. Ce sujet, vous l’avez évoqué, il a été évoqué dans ce débat et il sera à nouveau évoqué dans cet hémicycle, j’en suis certain, à plusieurs reprises.

    J’ai proposé une formulation, dans le rapport, qui me semble équilibrée, qui rappelle le rôle important des ONG dans le débat public européen, que nous devons préserver, et qui rappelle aussi que tous ceux qui perçoivent des fonds européens doivent la transparence aux contribuables européens et aux autorités de contrôle. Je crois que c’est ce que nous pouvons dire dans le cadre de ce rapport.

    Je pense que c’est un bon rapport, non pas parce que c’est le mien – pas seulement parce que c’est le mien –, mais parce qu’il est issu d’un travail réfléchi avec l’ensemble des rapporteurs fictifs que je remercie pour leur collaboration. Je souhaite que, lors du vote de demain, nous gardions en tête, comme on dit en bon français, «the big picture».

     
       

     

      Preşedinte. – Cu acest anunț am încheiat dezbaterea. Votarea va avea loc mâine.

     

    20. Composition of committees and delegations

     

      Preşedinte. – Am un anunț de făcut: deputații neafiliați au comunicat președintelui o decizie referitoare la modificări cu privire la numirile în cadrul comisiilor.

    Această decizie va fi consemnată în procesul-verbal al ședinței de astăzi și produce efecte de la data prezentului anunț, respectiv, domnul Volker Schnurrbusch îl înlocuiește pe domnul Taner Kabilov în Comisia pentru petiții.

     

    21. Control of the financial activities of the European Investment Bank – annual report 2023 (debate)


     

      Ondřej Knotek, rapporteur. – Mr President, good afternoon colleagues, Vice-President Fitto and Vice-President of the EIB de Groot. Despite the fact that the main scope of the report is dedicated to the financial activities of the bank in 2023, we considered, on top of this scope, other useful elements to better understand the EIB’s operational model, internal system and also strategy in current vibrant times. Why? Because the EIB already now plays a crucial role in implementing EU policies, and its role might grow in the near future. Therefore, I am extremely grateful for the openness and hospitality that the bank provided while drafting this report.

    I would like to also remind all of us that the EIB is not the subject of the standard discharge procedure we are used to. To sum up the activities we have done: firstly, there was a questionnaire based on the inputs from the CONT committee members that was effectively answered by the bank. Then on 11 December 2024, we held a one-day working visit in the EIB, meeting eight representatives of departments and one vice-president. And on 25 January, we held a follow-up video conference on topics like transparency and prevention of the conflict of interest.

    Now, on the substance, the EIB maintained in 2023 the triple A rating and liquidity ratio within the limits and had a positive result of EUR 2.3 billion. Also, the 2023 signed investments are expected to create 1.4 million new jobs in coming years, and this shall contribute growth of one percentage in GDP.

    The EIB manages up to 130 mandates, both from the Commission and the shared management, and produces 450 reports every year. Therefore, simplification is not only needed here, but as well has been recognised within the system and addressed in the system, and of course not at the cost of sound management. By the way, EIB manages six mandates from the RRF, namely for Greece, Italy, Romania and Spain.

    On energy security, the bank focuses on the security of supplies via grids reinforcement, cross-border infrastructure, but also introduces new modern elements like demand response and energy storage projects, and also value chains for critical materials.

    Another important topic is security – EIB supports the EU defence and security industry under the dual-use principle, and the budget has been increased here from EUR 6 billion to EUR 8 billion and newly includes also activities in space. The bank cooperates with the European Defence Agency and, in order to mobilise money for innovative projects, has opened the One-Stop-Shop.

    When we look at the climate, it is one of the main priorities of the bank – there has been EUR 40 billion in climate, EUR 25 billion in sustainability and also many projects newly in climate adaptation. The bank is active also outside the EU, namely in Ukraine, Western Balkans, Moldova but also Africa. When it comes to accountability, the bank cooperates within OLAF and EPPO and has its own ethics and compliance committee.

    We are running slowly out of time, so to sum up, the EIB has demonstrated, I would say, unprecedented engagement with the Parliament in preparing this report. I am very thankful, in my opinion, as also an auditor outside the European Parliament, the EIB is running a successful operational model applying risk prevention and continual improvement approach and tries to address existing challenges and opportunities effectively. I would like to thank all the representatives of the CONT committee, of course, of the bank, of the Secretariat, and I am looking forward to the debate to come.

     
       

     

      Robert de Groot, Vice-President of the EIB. – Mr President, honourable Members, it’s my pleasure to be with you here today to address some important issues raised in the report and update you on the activities of the EIB Group. And I want to thank the rapporteur, Mr Ondřej Knotek, for his thorough work and the excellent cooperation to reach a well‑balanced report.

    Your report rightly acknowledges the bank’s achievements in 2023, and since then, a lot has happened. 2024, the first year of President Calviño at the helm of the bank was a year of change. The bank signed EUR 89 billion in new financing for high‑impact projects supporting EU policy priorities. Our investments help close the investment gap Europe faces. Investment strengthens European competitiveness, it bolsters our strategic autonomy and makes the European economy more resilient in this increasingly complex world.

    Last year alone, nearly 60 % of our financing went to supporting the green transition, including circular economy and climate adaptation. The EIB Group made more investments than ever to strengthen the EU’s energy security, mobilising over EUR 100 billion for projects in the new and upgraded infrastructure, such as grids and interconnectors, renewables, net zero industries, efficiency and energy storage.

    At the same time, higher risk operations for Europe’s most innovative companies have sharply increased, with EUR 8 billion in equity and quasi‑equity investment for start‑ups, scale‑ups and European pioneers. This number will increase in 2025.

    We operate with clear priorities set out by our shareholders in our 2024‑2027 strategic roadmap. We have significant progress in simplification – the rapporteur alluded to it – resulting in cutting red tape for clients and shortening the time to market required to improve and deploy new investments, and, thanks to the support of your House, with the change of our statute to increase the gearing ratio, allowing us to invest more while maintaining our equity base.

    The EIB Group plans to increase its overall investments, as I said, to EUR 90‑95 billion in 2025, with flagship initiatives to support European tech champions through a dedicated Tech EU programme, contributing to a deeper and broader European capital markets union, which is essential to support our start‑up and scale‑up companies and to keep them in Europe.

    We will act on critical raw materials, water management, energy efficiency of SMEs, as well as sustainable and affordable housing. Housing is a top priority for the EIB Group, as it is for so many citizens all over Europe. That’s why we have designed an action plan, working closely with the Commission to set up a pan‑European investment platform. Our aim is to generate about EUR 10 billion of investment over the next two years. This is a good example of how the bank is willing and able to evolve, adapt and be part of the solution to the multiple challenges Europe currently faces.

    InvestEU is a success story with a multiplier effect of close to 15 times, according to the Commission. It’s an excellent example of how leveraging is realised. Indeed, the market demand and pace of deployment are such that we are even at risk of missing the firepower to deliver some of our projects in the last years of the budget cycle.

    I turn now to another area which is highly relevant in the current geopolitical context, namely defence and security. The EIB board decided in March to broaden the EIB Group’s eligibility criteria for security and defence investments, ensuring that excluded activities remain as minimal as possible. This allows us to finance large‑scale strategic projects in areas such as border protection, military mobility, space, cybersecurity, anti‑jamming technologies, radar system, seabed and other critical infrastructure and critical raw materials. These changes will further facilitate investment to bolster Europe’s industrial defence capabilities. I think this is very important at this moment in time.

    Mr President, once again, many thanks to the rapporteur for the report and thank you very much for this opportunity.

     
       

     

      Raffaele Fitto, Executive Vice-President of the Commission. – Mr President, Vice-President of the EIB, dear rapporteur, honourable Members, I would like to thank the European Parliament for the opportunity to present the Commission’s views in this regard. This was another year of positive cooperation with our long-standing partner, the European Investment Bank group, which we value very much. It is essential that our institutions keep working together as strategic partners.

    Today, the EIB group has been provided indispensable financial support to ensure implementation of the EU priorities on the ground. This concerns areas such as energy, electricity distribution, networks, water, social and affordable housing, education and the mobile network, to name just a few. We welcome the eight strategic priorities of the EIB Strategic Roadmap adopted last year. They are well-aligned with EU priorities, including new ones such as defence and security.

    The projects and the investments carried out by the EIB also contribute to the competitiveness agenda of the current Commission. This agenda critically depends on the ability of highly innovative start-ups. This is especially relevant in areas such as AI, quantum computing and deep tech, biotech and clean tech, or in the defence sector.

    Given the scale of the investment needed, as mentioned in the Draghi report, we will have to strive to attract institutional investors, such as the insurers and the pension funds to leverage all available resources. The Commission and the EIB group should continue working together to identify all options available. At the same time, we encourage the EIB group to further exploit the risk-taking potential, to foster higher additionally in its interventions and avoid the risk of crowding out other investors.

    In March, the Commission published the communication on the Savings and Investments Union. I therefore welcome the EIB’s recent initiative to address the most challenging needs of strategically important, innovative companies. These initiatives, such as the European Tech Champions Initiative 2.0, aimed to scale-up venture capital investments, facilitate easier exits of the venture funds, thus allowing circularity of investment and better use of available funds.

    The Commission has strongly connected competitiveness to simplification: one cannot exist without the other. Our strategy on implementation and simplification for the next five years aims at making sure that EU rules are as simple and cost-effective as possible, and that they deliver on the ground to achieve our economic, social, security and environmental goals. We are working closely with the EIB to deliver on our simplification agenda, for example via the Invest EU omnibus regulation.

    Outside the EU, the role of EIB Global will be crucial in delivering EU policy priorities and enhancing the EU’s visibility and development impact. The EIB remains our important partner in ensuring continued support to Ukraine now and in the long-term. In April, the Commission witnessed the signature of four new EIB operations, which will address Ukraine’s most pressing recovery needs, supporting municipalities in renewable energy and energy efficiency, water infrastructure and district heating.

    These projects, backed by the EU budget through the Ukraine Facility, reflect our commitment to Ukraine’s long-term resilience and to its people. In this regard and in view of an increasingly difficult geopolitical context, strengthening EU security and defence has been brought to the forefront of our agenda. Rebuilding Europe’s defence capabilities requires urgent and significant investment.

    In March, the Commission presented the ReArm Europe Plan/Readiness 2030 initiative to facilitate a unique surge in defence investment. It aims to unlock up to EUR 800 billion of additional defence expenditures – a game changer for European defence. The EIB has a clear role to play here, particularly in supporting the investments needed to ramp up the defence industry. This also includes targeted support for small and medium enterprises across the supply chain. In this sense, we welcome the recent amendment of the EIB group’s exclusion policy to further boost its investment in security and defence, while safeguarding the group’s financial capacity. I believe that by working together, focusing investment and maintaining a coherent regulatory framework, we can ensure Europe’s continued growth, technological leadership and resilience in the face of an increasingly volatile and competitive global environment.

    I welcome the EP report, which brings important insights and recommendations. The EIB has been successful in ensuring a balance between being a bank with public commission and maintaining agility to ensure it remains an attractive partner for projects, promoters and to advance our important investment policies, often with private partners. I hope this balance will be further retained.

     
       

     

      Kinga Kollár, a PPE képviselőcsoport nevében. – Elnök Úr! Európa következő évei az óriásberuházásokról fognak szólni: évi 800 milliárd euró az európai vállalkozásokba, további 800 milliárd euró Európa védelmi iparába. Végül, de semmiképpen sem utolsósorban, jelentős összegek a kohézió, a jólét és az egészséges környezet fenntartására, különösen a megfizethető lakhatásra és a kapcsolódó egészségügyi, oktatási és közlekedési infrastruktúra finanszírozására.

    Az Európai Beruházási Bank több szempontból is előnyös helyzetben van, hogy ezeket a nagymértékű befektetéseket mozgósítani tudja. Egyrészt tőkeerős helyzete, az EU által biztosított garancia és kiváló hitelminősítése lehetővé teszi számára, hogy előnyös feltételek mellett tudjon hitelt nyújtani. Másrészt jelentős tapasztalata van a privát befektetők és a tőke bevonásában, amire mindenképpen szükség lesz a célok eléréséhez. Kérem ezért a bankot, hogy a prudens és gazdaságos működés megtartása mellett, fokozza a beruházási tevékenységét és merjen bátrabban kockázatot vállalni.

    Az EIB-nek a tagállamok beruházási bankjaként arra is figyelnie kell, hogy finanszírozási tevékenysége földrajzilag is kiegyensúlyozott legyen. Magyarországon például a bank által befektetett összeg jelentősen elmarad az európai átlagtól, pedig Magyarországon külön kiemelt szerepe is lenne a banknak, a magyar kormány korrupciója miatt kiesett uniós támogatások pótlásában. A bank az EU pénzügyi érdekeinek védelme mellett tudna a magyar gazdaságba és vállalkozásokba, infrastruktúrába pénzt pumpálni.

    Végül kiemelném, hogy az, hogy a jelentéstevő a Patrióta csoport tagja, nem szoríthatja háttérbe azt, hogy mi mindannyian azért vagyunk itt, hogy a választópolgárok érdekeit szolgáljuk. A Tisztelt Ház előtt lévő jelentés ezt teszi, ezért remélem, hogy széles körű támogatásra talál a holnapi szavazáson.

     
       

     

      Maria Grapini, în numele grupului S&D. – Domnule președinte, domnule comisar, domnule vicepreședinte, sunt raportor din partea grupului meu la acest raport și, așa cum am spus și la audierea în comisie, apreciez activitatea Băncii Europene de Investiții. Vin din mediul privat, știu procedurile de lucru în bănci, știu că nu își asumă de multe ori riscuri, vor să fie acoperiți.

    Ce mi-aș dori, domnule vicepreședinte, este ca în viitor, din acele multe zeci de miliarde pe care ați spus că le-ați investit, să crească procentul investițiilor și creditelor acordate întreprinderilor mici și mijlocii. Am spus asta și în dezbaterea din comisie.

    De asemenea, mi-aș dori să flexibilizați, și mai multă transparență, să eliminăm aceste bariere în calea celor care ar dori să investească, să aibă credite. De asemenea, în mediul rural, foarte puțini din mediul rural pot să aibă acces la credite. Poate vă gândiți la alte mecanisme.

    Femeile care conduc afaceri, de asemenea, am pus amendament, îmi doresc să aibă mai mult acces, și poate la următorul raport ne aduceți, așa întreg, procentele de creștere la investițiile, la creditele acordate IMM-urilor, femeilor, apoi în domeniul sanitar.

    Și avem o mare problemă cu locuințele. S-a mai spus aici: este o criză de locuințe, în special la tineri și aici trebuie să ne gândim cum putem să facem prin Banca Europeană de Investiții să acordăm credite tinerilor pentru a avea locuințe.

     
       

     

      Şerban Dimitrie Sturdza, în numele grupului ECR. – Domnule președinte, stimate domnule Fitto, stimați colegi, în calitate de raportor al ECR pentru dosarul cu privire la activitatea anuală a Băncii Europene de Investiții, mi-am asumat un rol activ în protejarea intereselor financiare ale Uniunii Europene.

    Fondurile publice ale Uniunii Europene trebuie să fie utilizate eficient și transparent, fără a risipi vreo resursă. De aceea, am cerut ca evaluările de impact să fie riguroase și să garanteze că fiecare euro cheltuit aduce beneficii concrete cetățenilor europeni, în special în contextul crizelor economice și sociale cu care ne confruntăm.

    Consider că este esențial ca alocarea banilor europeni să se facă pe baza unor principii raționale și nu pe fundamente ideologice care pot pune în pericol stabilitatea economică a Uniunii.

    În virtutea acestui raționament, prin amendamentele pe care le-am susținut, am cerut ca Fondul European de Investiții să fie orientat clar către creșterea competitivității, a rezilienței și a dezvoltării economice. Cerințele privind obiectivele climatice nu trebuie să devină scopuri în sine și nici să afecteze competitivitatea.

    Împreună cu colegii deputați din Grupul ECR, voi continua să urmăresc cu atenție modul în care Banca Europeană de Investiții gestionează fondurile și să mă asigur că deciziile financiare sunt luate în interesul tuturor cetățenilor europeni.

     
       

     

      Vlad Vasile-Voiculescu, în numele grupului Renew. – Domnule președinte, apreciez rolul Băncii Europene de Investiții în arhitectura instituțională a Uniunii Europene. Este o instituție cheie pentru coeziune, dezvoltare durabilă, tranziție verde.

    Dar tocmai pentru că știm ce rol esențial are, avem datoria să spunem și acolo unde lucrurile nu merg bine.

    Am evaluat din partea grupului politic Renew activitatea băncii în 2023. Doar un sfert, doar un sfert din finanțările BEI au mers către regiunile mai puțin dezvoltate din Uniunea Europeană în 2023. Este un procent care ar trebui să ne îngrijoreze, dacă ne pasă cu adevărat de reducerea inegalităților între Est și Vest, între centrul și periferia Uniunii.

    România este un exemplu elocvent. Este o țară cu nevoi uriașe în infrastructură, digitalizare, sănătate, tranziție energetică, dar cu o prezență relativ modestă în portofoliul BEI.

    Este clar că trebuie să înțelegem ce nu funcționează, și ce nu funcționează este colaborarea cu autoritățile naționale și locale. Există blocaje administrative și de capacitate și parteneriatele public-private sunt prea puțin folosite și ar trebui să fie o prioritate pentru viitor.

    În final, salut cooperarea cu OLAF și Parchetul European. Cred că este un pas esențial pentru întărirea transparenței și a încrederii cetățenilor.

     
       

     

      Rudi Kennes, namens de The Left-Fractie. – Voorzitter, de Europese Investeringsbank (EIB) werkt op basis van een non-profitmandaat, met als doel projecten te financieren die ten goede komen aan gewone mensen in de Europese Unie en daarbuiten. In werkelijkheid heeft de EIB echter vooral bijgedragen aan het verhogen van bedrijfswinsten met belastinggeld. Miljarden euro’s aan overheidsleningen zijn toegekend aan zeer winstgevende bedrijven die hun projecten perfect zonder overheidssubsidies hadden kunnen financieren.

    Tussen 2020 en 2023 ontvingen zeven zakelijke EIB-klanten – Iberdrola, Stellantis, Intesa San Paolo, Leonardo, Orange, Nordfolk en Gavi (the Vaccine) Alliance – meer dan 11 miljard EUR aan EIB-leningen. In dezelfde periode boekten deze bedrijven samen 100 miljard EUR winst, keerden zij 38,7 miljard EUR aan dividend uit, besteedden zij €11,9 miljard EUR aan aandeleninkoop en betaalden zij hun CEO’s maar liefst meer dan 146 miljoen EUR.

    Sommige van deze bedrijven liggen bovendien onder vuur vanwege betrokkenheid bij sociale onregelmatigheden en milieumisstanden, corruptie en het leveren van wapens aan landen die het internationale recht schenden. Dit moet veranderen.

    De EIB moet prioriteit geven aan publieke partnerschappen en onze publieke diensten financieren. Zij moet hoge sociale en milieunormen hanteren voor alle projecten, strenge voorwaarden stellen aan bedrijfsleningen en nauwer samenwerken met de EU en nationale publieke financiële instellingen om de positieve impact van overheidsinstellingen te maximaliseren.

     
       



     

      Tomáš Zdechovský (PPE). – Pane předsedající, vážený pane komisaři, vážený pane místopředsedo, vážení kolegové, rád bych poděkoval všem kolegům za velmi dobrou práci. Je to jasný signál, že Evropská investiční banka musí převzít klíčovou roli v oblasti strategické obrany Evropy – technologie dvojího užití, tedy ty, které slouží k civilním i obranným účelům, zásadní pro naši bezpečnost a suverenitu. A Evropská investiční banka se musí s touto výzvou utkat. Je skvělé, že Evropská investiční banka opustila zastaralý model příjmového testu. Evropská investiční banka ale musí investovat i do oblastí, jako je kybernetická bezpečnost nebo inovace v oblasti obrany. Potřebujeme také cílené investice do energetické bezpečnosti, což jsme viděli jako Evropská lidová strana ve Španělsku minulý týden. Ale řekněme si to otevřeně – bez bezpečnosti nebude stabilita. Právě proto musí být obranné schopnosti a duální technologie jádrem budoucího mandátu Evropské investiční banky. Podporuji tuto zprávu, protože nevidím v Evropské investiční bance jenom banku, ale i instituci, která chrání odolnost Evropy.

     
       

     

      Jonás Fernández (S&D). – Señor presidente, señor comisario, en primer lugar, me gustaría felicitar y agradecer el trabajo del Banco Europeo de Inversiones en todos estos años, y especialmente —como ha dicho el vicepresidente— en esta última etapa con una nueva presidenta, que sin duda está reactivando el trabajo del Banco Europeo de Inversiones, tan necesario ante el volumen ingente de financiación que debemos acometer en los próximos años.

    Quisiera quizá hacer dos apuntes. En primer lugar, necesitamos más financiación para la vivienda social. Y tengo un mensaje para la Comisión: la propuesta de reforma de la definición de pequeña y mediana empresa que está en la revisión del Reglamento por el que se establece el Programa InvestEU he de decir que a los socialistas no nos gusta mucho, porque creo que no define bien lo que es una pyme y podría distraer la atención y los esfuerzos del Banco Europeo de Inversiones en financiar a las pequeñas y medianas empresas.

    En todo caso, y para terminar, me gustaría anunciar que el Grupo Socialista votará en contra de este informe, porque realmente entendemos que el Grupo parlamentario de los Patriotas, que ha estado haciendo uso fraudulento de la financiación europea en Francia con Le Pen, en Hungría con Orbán o en España con VOX, no puede firmar un documento como este.

     
       


     

      Sandra Gómez López (S&D). – (inicio de la intervención fuera de micrófono) … especialmente al ponente del informe. ¿Cómo se puede hablar del Banco Europeo de Inversiones sin mencionar a las personas que más lo necesitan? Este informe olvida lo que es el corazón de Europa: nuestras empresas, nuestras pymes, nuestros jóvenes agricultores y nuestras zonas rurales. Y también se borran referencias importantísimas como el pilar europeo de derechos sociales, los Objetivos de Desarrollo Sostenible o el impacto de la guerra de Rusia contra Ucrania.

    Así que nosotros no queremos que se refleje que el BEI tiene que ser un banco técnico y distante; queremos que se refleje que es un banco humano y social, que está comprometido con las personas que viven en Europa, con la cohesión social y con nuestro futuro, y por eso vamos a votar en contra de este informe como grupo.

    La buena noticia que tenemos es que, pese a lo que ustedes querrían, hoy contamos con un gran liderazgo, Nadia Calviño como presidenta del BEI, que va a permitirle ser garante de los valores que nos representan como Unión Europea.

     
       

       

    Intervenții la cerere

     
       

     

      Lukas Sieper (NI). – Mr President, first of all, I beg your forgiveness for being too loud a few minutes ago. Actually, being present in this room sometimes requires having a conversation and listening to the debate at the same time.

    Herr Präsident, liebe Menschen Europas! Wir haben ein Recht darauf zu wissen, was mit dem Geld der Europäischen Union passiert. Die Europäische Investitionsbank verwaltet einen wesentlichen Teil dieses Geldes. Sie nimmt wichtige Investitionen vor in Klimaschutz, in unsere Wirtschaft, in die Transformation zu einer gerechteren Gesellschaft – und sie unterstützt unsere Partner auf der ganzen Welt, wie etwa die Ukraine.

    Umso schockierender ist es, dass der Bundesrechnungshof der Europäischen Investitionsbank vor allen Dingen mangelnde Transparenz vorwirft. Wir leben in einer Zeit, in der die Skepsis an der Demokratie wächst, in der Populisten überall auf diesem Kontinent auf dem Vormarsch sind. Wir können es uns nicht erlauben, dass unsere Bevölkerung nicht genau weiß, was mit unserem Geld geschieht.

     
       

       

    (Încheierea intervențiilor la cerere)

     
       

     

      Raffaele Fitto, Executive Vice-President of the Commission. – Mr President, thank you for this very engaging and substantive discussion. It is clear that we all are determined to act together to push the European agenda of competitiveness and security, and deliver on our main priorities.

    The EIB Group will remain an important player in this. I want to say this now, because we are working, for example, for the mid-term review of the cohesion policy, with the five new priorities. I heard during this discussion some of these points – for example, water, housing, competitiveness. I think this can be an important occasion to reinforce this cooperation in this way. The EIB Group is our natural closest partner, and we are aligned on our strategic priorities.

    We will continue to rely on the EIB Group to support the implementation of our agenda and adjust our support in view of new and emerging priorities when needed. I look forward to continuing our close cooperation, with the common goal of achieving greater impact inside and outside the Union.

     
       

     

      Robert de Groot, Vice-President of the EIB. – Mr President, thank you for the words of the Vice-President of the Commission, honourable Members, thanks for your remarks and questions. Let me go into more detail on some of the points you have made.

    First, on cohesion – cohesion was the number one obligation of the European Investment Bank group when we started in 1958, and today, 48 % of our national budget is still spent on cohesion. It is in the least advantageous areas of Europe, it is in rural areas where public services are under pressure, and we will continue to work in that direction.

    Secondly, we are a demand-driven organisation, which implicates that we do not go out into the Member State and force upon them a loan by the European Investment Bank group. It is the other way around; people knock on our doors and we try and help as much as possible. One of the first criteria we look at is if there is a market failure – the EIB is active and will be active in those areas where other financial institutions will not go.

    One of the most important elements, which makes us such an important player in Europe, is that we have a very large unit of hundreds of engineers and economists, which not only work on making a loan and a financial proposition possible, but also look at the content and help each and every applicant, whether in the private sector or in the public sector, to bring about a project which really gives a return to European taxpayers.

    I noticed very well the remarks on small- and medium-sized enterprises, but also micro businesses, and I fully agree the access to credit for these companies, these very small companies, who are so important when it comes to the labour market inside the EU, is still an issue we really have to worry about and work on, and that’s what we are doing as the EIB group. We cannot do this directly with SMEs and micro businesses in Europe. We always go through a financial intermediary, mostly European commercial banks – a very important element of our business.

    I listened very carefully to the remarks on agriculture, and especially young farmers receive our attention when it comes to the area of agriculture. For this year, we envisage to invest at least EUR 3 billion in this area.

    In the area of housing, which was also mentioned by honourable Members, we are trying to leverage the financing we are going to make available to a couple of billion euro, hopefully in a couple of years, to EUR 300 billion annually. We have three priorities in the area of housing: one – innovation, supporting innovative building technologies like modular housing to make construction faster, cheaper and easier; second – sustainability, scaling up energy efficient renovation to reduce living costs when it comes to energy prices; and three – affordability, strengthening support for public investment tailored to the specific needs of each country and piloting private investments.

    Now, on the issue of climate, which is also close to a bit more than half of what we are doing annually. This is about climate adaptation; this is about dealing with droughts, it is about dealing with floods – we have seen both inside many countries of the European Union, and they require large-scale investment to counter. But also in the area of energy, we have to be more self-sufficient when it comes to energy. This requires investments, not only in the energy carriers but also in the grids, which is a big and very expensive investment too.

    Now, when it comes to high risk, some of the honourable Members have called for more risk. Others have said: no, we should not take risks. We are in the banking business and banking business is about giving a loan and getting a loan paid back with interest. But there are cases where this will not happen, and one of the examples was mentioned. But I want to stress here that when it comes to becoming more self-sufficient in the area of energy: we have provided more than EUR 6 billion over the past years to finance the sector and trying to find the best, innovative and technologically sound way forward when it comes to the energy sector. And we have to take into account too that sometimes we will fail by taking risks. But it’s part of the business of finding the best answer.

    Finally, Mr President, when it comes to the auditing that the European Investment Bank is undergoing, I have to say we are one of the most audited financial institutions in the European Union. Whether it’s from the Central Bank of Luxembourg, because we have our headquarters there, whether it’s from external accountants, external audit committees, I think we fulfil every obligation and every best bank banking practice around.

    Finally, on security and defence, we have done away with the concept of dual use, which means that today we can also invest directly in the domain of defence. Let’s talk about military mobility across Europe and the big corridors. And let’s also talk about the military bases we need to have more and more, especially in Central Europe.

     
       

     

      Ondřej Knotek, rapporteur. – Mr President, thank you Vice-President Fitto, Vice-President de Groot, thank you colleagues for the debate – the debate shows the high importance of the European Investment Bank, and also it shows the high level of expectation that the members in this House have of the institution, of the bank, about the role of the bank in achieving its goals and addressing risks, not only for you as such, but also for our Member States and, in the end, for our citizens and communities.

    I have been very grateful for many of the topics that have been put on the table during the debate: geographical balance, taking higher risks, focus on SMEs, climate adaptation, security, cybersecurity, housing, agriculture and cohesion, and, of course, many others. I am happy that the Budgetary Control Committee has put forward the report which touches on those topics, clearly describes the development and successes of the bank, but also the expectations and needs of the Parliament when it comes to the needs for investment and the future role of EIB, which this House, I believe, sees as a partner, and is looking forward to cooperating with in the very long term. Allow me once again to thank you for the chance of being a rapporteur, and I would like to invite all of you voting tomorrow to support the report.

     
       

     

      Preşedinte. – Mulțumesc, domnule raportor și vă urez succes cu acest raport.

    Cu această contribuție, dezbaterea este închisă. Votarea va avea loc mâine.

     

    22. Ninth report on economic and social cohesion (debate)


     

      Jacek Protas, Sprawozdawca. – Panie Przewodniczący! Szanowni Państwo! Panie Komisarzu! Debatujemy dzisiaj nad bardzo ważnym sprawozdaniem, które po przegłosowaniu stanie się stanowiskiem Parlamentu Europejskiego na temat przyszłości polityki spójności po 2027 roku. Dokument, którego jestem sprawozdawcą, był szeroko konsultowany z organizacjami i instytucjami reprezentującymi różne środowiska oraz z Komitetem Regionów Unii Europejskiej. Odzwierciedla poglądy zdecydowanej większości grup politycznych reprezentowanych w Parlamencie Europejskim.

    Oto 10 podstawowych tez, które w tym krótkim wystąpieniu chcę uwypuklić. Po pierwsze, polityka spójności jest głównym narzędziem Unii Europejskiej służącym inwestycjom w zrównoważony rozwój gospodarczy, społeczny i terytorialny, sprzyjającym zmniejszeniu różnic rozwojowych europejskich regionów.

    Po drugie, aby polityka spójności nadal odgrywała tę ważną rolę, musi mieć zapewnione po 2027 roku wystarczająco ambitne i łatwo dostępne finansowanie, co najmniej na poziomie obecnych wieloletnich ram finansowych w ujęciu realnym.

    Po trzecie, Parlament Europejski opowiada się za zdecentralizowanym modelem programowania i wdrażania polityki spójności, opartym na zasadzie partnerstwa i na wielopoziomowym sprawowaniu rządów. Tylko wtedy może być ona skuteczna i akceptowalna dla naszych obywateli. Sprzeciwiamy się wszelkim formom centralizacji i ograniczania roli władz regionalnych i lokalnych.

    Po czwarte, wzywamy do dalszych wysiłków na rzecz uproszczenia i uelastycznienia przepisów i procedur administracyjnych regulujących fundusze polityki spójności na szczeblu unijnym, krajowym i regionalnym. Kluczem do sukcesu może być zwiększenie elastyczności na etapie programowania i wdrażania z odejściem od sztywnych ram koncentracji tematycznej i z uwzględnieniem specyfiki regionów.

    Po piąte, podkreślamy jednocześnie konieczność zapewnienia przejrzystego, sprawiedliwego i odpowiedzialnego wykorzystywania zasobów Unii Europejskiej przy należytym zarządzaniu finansami, podkreślając rolę Europejskiego Urzędu do Spraw Zwalczania Nadużyć Finansowych i Prokuratury Europejskiej. Uznając także warunkowość w zakresie praworządności jako warunek podstawowy finansowania w ramach polityki spójności. Podkreślamy strategiczne znaczenie silnych regionów przygranicznych dla bezpieczeństwa i odporności Unii Europejskiej. Wzywamy Komisję Europejską do szczególnego wspierania regionów graniczących z Rosją, Białorusią i Ukrainą, by mogły radzić sobie ze skutkami społeczno-gospodarczymi wojny dla ich ludności i terytoriów.

    Zwracamy uwagę na konieczność specjalnego podejścia do problemów regionów najbardziej oddalonych i wyspiarskich, które stoją w obliczu wyjątkowych i skumulowanych wyzwań strukturalnych. Wyrażamy zaniepokojenie rosnącą liczbą regionów znajdujących się w pułapce rozwoju, które dotknięte są stagnacją gospodarczą, problemami demograficznymi i ograniczeniem dostępu do usług publicznych.

    Specyficznym i ukierunkowanym wsparciem powinny też być objęte obszary wiejskie, ale także miasta i obszary metropolitalne borykające się z własnymi poważnymi wyzwaniami. I w końcu nalegamy także, by polityka spójności dążyła do zwiększenia innowacyjności i ukończenia tworzenia jednolitego rynku Unii Europejskiej zgodnie z wnioskami zawartymi w sprawozdaniu Draghiego w sprawie konkurencyjności Europy.

    I na koniec, apelujemy o przestrzeganie zasady “nie szkodzić spójności”, by żadne działania nie utrudniały procesu konwergencji europejskich regionów.

     
       

     

      Raffaele Fitto, Executive Vice-President of the Commission. – Mr President, honourable Members, thank you for the opportunity to address you today. First, let me thank the rapporteur, Mr Protas, for preparing this important report. This is particularly timely. I very much welcome the strong alignment with the Commission’s perspective. This shared perspective reinforces the fundamental message of the 9th Cohesion Report.

    Cohesion policy has a positive and significant impact in terms of convergence. It reduces the disparities among EU Member States and regions, it stimulates long-term growth and competitiveness, and it plays a key role in supporting public investment. To continue to achieve our goals, we need to bring the cohesion policy up to date, considering the current situations and challenges that we are facing. If we want a stronger, more resilient and competitive Europe, we must reinforce and relaunch the cohesion policy – both for the present and for the future.

    As many of you know, the mid-term review of the cohesion programme has been a central focus for me during these past months. The Commission’s recent proposals respond directly to many of your concerns. The proposal will bring more flexibility, more incentives and simple rules to allow Member States and the regions to respond to urgent challenges now – not waiting for the next period.

    In this regard, I would like to stress certain important aspects. First, the new priorities identified are affordable housing, water resilience, energy transition, competitiveness and defence.

    Second, since compliance with the review is voluntary, it will be up to each Member State to decide whether and how to update its programmes.

    Third, the cohesion policy funds remain under the shared responsibility of Member States and the regions under shared management.

    My ambition is clear: to modernise, simplify and strengthen cohesion policy so that it is more targeted and responsive, keeping our regions at the centre, and fully respecting the diversity and specific needs of our territories. This ambition is based on four key pillars.

    First, a tailor-made solution for the Member States will include the key reforms and investment, focusing on our joint priorities. They will be designed and implemented in close partnership with the national, regional and local authorities. I would like to underline that the principles of partnership, shared management, multilevel governance and the place-based approach will remain core principles of the cohesion policy.

    Second, we must also make cohesion policy more accessible, with fewer administrative burdens. We will work to reduce complexity and offer a more performance-based delivery mode to increase speed and efficiency, as underlined in your report.

    I will continue to advocate for a strong territorial dimension. This will ensure the cohesion policy addresses the real challenges faced by regions undergoing structural transitions, as your report rightly identifies. This includes our eastern border regions as well as less developed peripheral, remote and rural areas, islands and outermost regions.

    Honourable Members, I remain fully committed to the principles this House defends. The cohesion policy core mission has always been to stimulate growth and development across the EU. This mission remains as vital as ever, and this report marks an important step forward in that journey. Let us work together, speaking with one strong and united voice to make this mission a success.

     
       

     

      Andrey Novakov, on behalf of the PPE Group. – Mr President, Mr Vice-President, dear colleagues, we are having this debate at a very crucial moment. I would like to start by thanking Mr Protas for his work, because he dedicated a lot of his time, and he is a decent man who is doing a good job. In times when such crucial decisions are taken, I think those who contribute have to be mentioned.

    I would like to congratulate Mr Fitto for his efforts to increase the absorption rate of cohesion policy, and to speak to those who don’t believe in the future of cohesion. Because the future of the cohesion policy means the future for Europe. The Founding Fathers put cohesion policy in the Treaty on the Functioning of the Union. So, no cohesion policy means no European Union.

    I hope that with this we are going to put an end to the debate about the future of cohesion. Very rightly so, the Founding Fathers decided to have cohesion policy to balance the imbalances of the single market. So we need regions and cities in.

    I am against – and a lot of other colleagues are against – further centralising cohesion policy and isolating mayors, regions and cities from the governing of this policy. We need more Europe at local level, not less. Every euro spent at local level solving local problems means more Europe tomorrow.

     
       

     

      Sérgio Gonçalves, em nome do Grupo S&D. – Senhor Presidente, Senhor Vice-Presidente Raffaele Fitto, gostaria de começar por agradecer ao relator e a todos os grupos políticos pela postura construtiva demonstrada ao longo das negociações deste relatório. Acredito que o Parlamento Europeu envia hoje uma mensagem clara: a política de coesão deve ser mantida descentralizada, onde as autoridades locais e regionais tenham um papel fundamental, quer na definição das políticas, quer na sua implementação.

    Estamos conscientes dos desafios estruturantes que a Europa enfrenta, como a defesa e a segurança, o alargamento ou as migrações. Mas não podemos desvirtuar o objetivo principal da política de coesão de reduzir as disparidades entre as várias regiões europeias, promovendo o desenvolvimento sustentável e dando respostas a problemas específicos, como é o caso da habitação.

    Este relatório reafirma a necessidade de a Europa se adaptar aos desafios que tem pela frente, assegurando, em simultâneo, o respeito pelo princípio da subsidiariedade que sempre norteou a política de coesão. É nesta Europa que acreditamos, é por esta Europa que continuaremos a lutar.

     
       

     

      Séverine Werbrouck, au nom du groupe PfE. – Monsieur le Président, chers collègues, une fois de plus, nous constatons l’inquiétante dérive fédéraliste de l’Union européenne au travers de ce rapport sur la bien mal nommée «politique de cohésion» – celle-là même qui sert à financer à perte le développement des pays fraîchement intégrés, sur le dos des travailleurs français qui n’ont malheureusement plus le luxe de la charité.

    Dans l’Union, quand une politique dysfonctionne, la solution consiste toujours à augmenter son budget et à élargir son champ d’application. Vous demandez plus de largesse pour utiliser les fonds, vous les superposez – fonds de cohésion, fonds d’urgence, politique sectorielle –, vous éparpillez les objectifs – climatiques, numériques, démographiques et bien d’autres –, vous offrez un statut de quasi-État aux régions et enfin, vous en arrivez à votre serpent de mer habituel, celui de la prétendue nécessité de percevoir des ressources propres, dernier clou dans le cercueil de notre souveraineté.

    Mais ne pourrait-on pas mieux utiliser cet argent? Le rendement annuel surévalué et médiocre est d’environ 4 % sur chaque euro investi, ce qui correspond à des centaines de milliards, alors que des politiques industrielles nationales, que vous interdisez, permettraient, par exemple, des profits bien supérieurs et des résultats plus concrets pour la France.

    Nous continuerons de nous opposer à votre agenda fédéraliste spoliateur pour les Français.

     
       

     

      Antonella Sberna, a nome del gruppo ECR. – Signor Presidente, signor Commissario, onorevoli colleghi, la politica di coesione è il volto visibile dell’Europa nei territori: è quella che riapre un asilo nido in un piccolo comune dove i genitori erano costretti a fare diversi chilometri al giorno per portare i figli a scuola; è quella che permette a un’impresa di digitalizzarsi e restare sul mercato o che finanzia un’unità mobile di assistenza sanitaria che porta cure e visite mediche a chi non ha alternative.

    Eppure, leggendo questa relazione, emerge chiaramente che la distanza tra le intenzioni e la realtà è ancora troppo ampia. Se vogliamo che la coesione resti una leva per la crescita e non solo un capitolo di spesa, dobbiamo cambiare approccio: lo sta facendo il Commissario Fitto con la proposta di modifica di medio termine della politica di coesione, la cui procedura d’urgenza abbiamo appena votato in commissione REGI.

    Il gruppo ECR ha presentato diversi emendamenti che vanno in una direzione molto chiara: anche i comuni devono accedere direttamente ai fondi insieme alle regioni. Un sindaco che vuole riqualificare un edificio scolastico, creare uno spazio per giovani e anziani, non può affrontare ostacoli amministrativi da grande ente. Tutto deve essere più semplice e flessibile. Chi lavora con persone fragili non può impiegare mesi solo per capire come rendicontare un finanziamento.

    Servono regole che si adattino ai territori e non territori che devono seguire regole troppo rigide, perché la politica di coesione serve là dove il mercato non arriva. Io credo in una coesione che non misuri solo la spesa ma il cambiamento che genera; che non si perda nella burocrazia, ma che parli il linguaggio della concretezza, della prossimità e dell’equità.

     
       

     

      Ľubica Karvašová, za skupinu Renew. – Vážená pani predsedajúca, na Deň Európy organizujem podujatie s regiónmi. Volá sa Ruka v ruke za našu Európu. Prečo? Pretože regióny sú miesto, kde začína, ale veľakrát, bohužiaľ, aj končí podpora pre našu Úniu. Počúvam županov, primátorov, ľudí, ktorí v nich žijú. A posolstvo je jasné: chceme byť súčasťou EÚ. Dnes ale napríklad hrozí, že slovenská vláda sa chystá presunúť 400 miliónov EUR z rúk samospráv na svoje priority. Aj keď mnohé projekty sú už pripravené a obce na ne vyčlenili svoje zdroje. To je neprípustné. Kohézna politika v prvom v prvom rade patrí ľuďom v regiónoch na ich dlhodobý rozvoj. Zároveň zohráva kľúčovú úlohu v podpore Európskej únie v regiónoch. Ako tieňová spravodajkyňa som preto presadila dôležitý princíp, aby mali regióny a mestá priamejší prístup k európskym zdrojom, a to vďaka nástrojom ako integrované územné investície. A chcem sa poďakovať spravodajcovi Jacekovi Protasovi za prácu na celej správe, ale aj za to, že sa nám v tejto téme podarilo nájsť nateraz dobrý kompromis.

     
       

     

      Gordan Bosanac, u ime kluba Verts/ALE. – Poštovani predsjedavajući, povjereniče, kohezijska politika je valjda uz politike proširenja jedna od najuspješnijih politika Europske unije i to će ovaj deveti izvještaj također potvrditi, o tome koliko smo smanjili nejednakosti, i regionalne i socijalne, diljem teritorija Europske unije.

    Posebno mi je zanimljivo da se govori o tome kako je ona važna u borbi protiv klimatskih promjena i nastavljamo dalje u tom smjeru, a naravno, mene će posebno zanimati uloga malih gradova i gradova i regija, koji ponovno u ovom devetom izvještaju se naglašava da im je potreban direktan pristup financiranju. Jer znate, često se govori o tom multi level, načinu konzultacija, razgovorima, ali u realnosti stvari su drugačije – konzultacije izostaju, gradovi ostaju izbačeni.

    Vi imate, na primjer, mog premijera moje zemlje koji govori da je on sam donio koheziju i fondove iz Europske unije u Hrvatsku. Kao da gradovi ne provode tu politiku. Vjerojatno ga vi možete, povjereniče, ispraviti.

    Ali ono što je sada pred nama je nova era kohezijske politike i vi ste došli pred ovaj parlament s novim prijedlogom, u vrlo vrlo brzoj proceduri. Maloprije smo na Odboru regija izglasali, nažalost, brzu proceduru i ono što se ja sada brinem da je EPP zajedno s ekstremnom desnicom išao na neki način poniziti ovaj parlament i gurnuti sve ovo kroz vrlo vrlo brzu proceduru, a radi se o temeljnoj politici koja je jedna od najuspješnijih politika Europske unije zajedno s proširenjem.

    Ja ću vas još jednom pozvati, vrijeme je možda da ipak povučemo hitnu proceduru i vratimo budućnost kohezije u redovnu parlamentarnu proceduru.

     
       

     

      Kathleen Funchion, on behalf of The Left Group. – Mr President, thank you, Commissioner, for being here. I firstly want to thank Mr Protas and all his team for their cooperation and work, as in many ways this is the report the European Parliament needs. It is ambitious for a well-budgeted and progressive cohesion policy.

    However, it has a major flaw, which means it fails the litmus test for myself and for my colleagues on the Left. It opens the door to the militarisation of cohesion policy.

    Let’s take a step back and think about what that means. Cohesion policy, the flagship policy of solidarity of the EU, is now on the road, with the Parliament’s blessing, to being just another military policy. This is shameful.

    We are, of course, all aware of the geopolitical realities. But is nothing sacred? Is absolutely everything now just fuel for the fire and drive towards the militarisation agenda of the EU? Our regions, all of them, need investment and need the EU to help protect jobs, develop our environment and support our workers in these very uncertain times.

    Yet this report, which I acknowledge has many strengths, says that spending on military infrastructure, disguised as so-called dual technology, is as important as investing in our workers or our infrastructure.

    Let’s be clear that each cent diverted into military spending is a cent taken away from my constituency of Ireland South, and all of our regions. The EU cohesion policy that funded roads and funded jobs and funded some of our community childcare facilities in Ireland is now being used to feed the war machine. This is a new low and I call upon all MEPs, especially our Irish MEPs, to reject it.

     
       

     

      Irmhild Boßdorf, im Namen der ESN-Fraktion. – Herr Präsident! Kaum Erfolge, Milliarden an deutschen Steuergeldern versickern – das ist die traurige Bilanz der REGI‑Förderung. Weniger Armut, mehr Jobs, weniger Abwanderung aus ländlichen Regionen – Fehlanzeige, trotz 270 Milliarden Euro Förderung. Doch was ist eigentlich mit dem vielen Geld passiert? Ich habe Elisa Ferreira, die letzte REGI‑Kommissarin, danach gefragt. Sie hat zugegeben, dass es nicht um Kosten und Nutzen geht, sondern um Frieden, Freiheit und Wohlstand. Schließlich würden diese Mittel auch helfen, rechtspopulistische Parteien im ländlichen Raum einzudämmen.

    Tatsächlich gab es im vergangenen Jahr eine Studie der Uni Kiel, die nachgewiesen hat, dass ohne die REGI‑Mittel rechte Parteien in entlegenen Regionen zwei bis drei Prozent mehr bekommen hätten. 270 Milliarden umgewidmet in den Kampf gegen Rechts – das ist ungeheuerlich. Machen wir den ländlichen Raum wieder lebenswert. Setzen wir die REGI‑Mittel endlich für unsere Heimat ein.

     
       

     

      Gabriella Gerzsenyi (PPE). – Tisztelt Kollégák! Tisztelt Alelnök Úr! Szeretném megköszönni mindazoknak az eddigi munkáját, akik ezen a jelentésen dolgoztak. Kulcsfontosságú megállapításokat tartalmaz, olyanokat, hogy a beruházások helyben tudnak jobban megvalósulni, hogy a források felhasználási szabályait egyszerűsíteni szükséges, hogy a vállalkozások adminisztratív terheit csökkenteni kell, és hogy ne üres szólam maradjon az az alapelv, hogy senkit nem hagyunk hátra, senkit nem hagyunk magára. Hogy gondolnunk kell a fogyatékossággal élő személyekre, a vidéki területekre, az elnéptelenedő régiókra, hiszen Európa biztonságának záloga, hogy együtt maradunk, együtt vagyunk erősek a globális kihívások közepette. Külön öröm számomra, hogy a helyi és regionális szereplők partnerségének megemlítése és megerősítése a szövegben hangsúlyt kap. Külön öröm ez magyarként, a Tisza képviselőjeként, hiszen mi azon dolgozunk, hogy a helyi és regionális szereplők, a városok, az önkormányzatok szót kaphassanak, hogy meghallgassák őket, hogy bevonják, hogy partnerként kezeljék, és hogy forrásokhoz jussanak. Kormányra kerülése után a Tisza Párt azon fog dolgozni továbbra is, hogy minél több uniós forrást hazahozhasson és biztosíthasson a kedvezményezetteknek, akiknek ezek járnak.

     
       

     

      Marcos Ros Sempere (S&D). – Señor presidente, señor vicepresidente, la política de cohesión es la política social de la Unión Europea, la política que invierte en hospitales, la política que invierte en centros de salud, en escuelas, la política que invierte en carreteras. Es la política que nos ayudará a alcanzar nuestros objetivos a pesar de los retos que tenemos por delante.

    Nos ayudará a completar la transición ecológica, digital y social; a que todas las regiones de la Unión Europea avancen al mismo ritmo. Y lo hará a pesar de las dificultades: la pandemia, la guerra en Europa, la nueva era de Trump.

    Para conseguirlo, necesitamos una política de cohesión que refuerce sus cimientos, que tenga en mente a los ciudadanos, que tenga menos trabas burocráticas, que potencie la participación de regiones y de ciudades. Necesitamos una política de cohesión que invierta en un parque público de viviendas y que esté condicionada a cumplir con el Estado de Derecho. Necesitamos una política de cohesión que tenga presupuestos suficientes para afrontar los nuevos retos.

     
       

     

      Mélanie Disdier (PfE). – Monsieur le Président, la proposition de résolution dont nous débattons ce soir porte sur la cohésion entre tous les territoires d’Europe. Ceci est censé être une bonne chose, mais, malheureusement, même lorsque les propositions se fondent sur les meilleures intentions, la Commission européenne et ses soutiens réussissent à y injecter leur poison.

    C’est ainsi qu’on y retrouve insidieusement la promotion de la conditionnalité des aides. Selon eux, ceux qui s’opposent à la Commission devraient se voir priver des aides auxquelles ils ont droit, alors même qu’ils ont participé à leur financement. Au nom d’un état de droit à géométrie variable, certains voudraient donc faire pression sur un gouvernement démocratiquement élu – les mêmes qui, par ailleurs, sont étrangement silencieux lorsque l’on révèle que la Commission finance des ONG pour faire du lobbying.

    Les Européens méritent mieux que vos discours creux où les bonnes intentions ne sont que de façade – des discours où vous déplorez la diminution des fonds nationaux tout en étant responsables des causes, des discours qui prônent la décentralisation alors que vous voulez contourner la volonté nationale.

    La cohésion de l’Europe ne doit pas être uniquement sociale, elle doit être aussi démocratique.

     
       

     

      Ciaran Mullooly (Renew). – Mr President, I welcome this report and its well-rounded assessment of what cohesion funds and policy actually stand for today. I compliment the rapporteurs.

    The report makes it clear, however, that stark disparities remain among the EU’s regions, especially in rural areas. And in this context, I support the report’s call for the need to address these disparities and simplify access to the funds, Commissioner: simplification.

    As a rapporteur of Parliament’s own-initiative report on the just transition, I am glad to see the report calling for the continuation of that process and ensuring its reinforced financial means for the post-2027 period.

    However, I’m less happy with the announcement in the mid-term review of the cohesion policy of what seems to be the exclusion of my country, Ireland, from the one-year extension of the current year transition fund? I don’t understand it. We must seek adequate flexibility in the capacity for Member States, such as Ireland, to have full access to the extended timeline to provide extra time to spend their allocations.

    As an MEP, I know how vital cohesion policy is for the regions. As we prepare for the next programming period, let’s ensure cohesion policy remains properly funded, simplified and accessible to all the regions.

     
       


     

      Valentina Palmisano (The Left). – Signor Presidente, onorevoli colleghi, per il Movimento Cinque Stelle i fondi di coesione sono quella straordinaria opportunità di investire nelle persone, nella loro istruzione, nella loro crescita professionale, nelle infrastrutture, nella sanità pubblica. In una parola: per ridurre il divario tra territori ricchi e territori poveri.

    Il rapporto che discutiamo oggi introduce in modo ambiguo la possibilità di utilizzare questi fondi per tecnologie militari, nascondendosi dietro la dicitura dual use, doppio uso. Ecco, per fare un esempio, potremmo utilizzare i fondi di coesione per comprare droni da impiegare anche nei teatri di guerra.

    Per noi questo cambiamento di rotta è inaccettabile: la politica di coesione non è nata per sostenere le industrie belliche della difesa ma per dare risposte concrete ai bisogni sociali, economici e ambientali dei territori più fragili.

    E Lei, Commissario Fitto, lo sa bene, visto che proveniamo entrambi da una regione che ha una necessità vitale di questi fondi. Quindi, per noi nessun euro va dirottato verso la logica del riarmo. Difendere la coesione significa difendere la pace, l’equità e il diritto di ogni territorio ad avere un futuro sostenibile.

     
       

     

      Krzysztof Hetman (PPE). – Panie Przewodniczący! Panie Komisarzu! Ile to już razy na tej sali rozmawialiśmy o tym, co trzeba zrobić, jeśli chodzi o politykę spójności? Ile razy omawialiśmy tego typu sprawozdania, z których płynął zawsze ten sam wniosek, który mamy także i tym razem – uelastycznić i uprościć politykę spójności.

    Panie Komisarzu, wielu przed Panem to zapowiadało. Nikomu nie udało się tego zrobić. Może być Pan pierwszy, może stać się Pan bohaterem wszystkich beneficjentów polityki spójności w całej Unii Europejskiej, tych beneficjentów, którzy z coraz mniejszym zainteresowaniem patrzą w stronę polityki spójności, biorąc pod uwagę tę całą biurokrację, którą muszą przebrnąć, aby te pieniądze uzyskać. Szczególnie, gdy porównują to do procedur związanych z krajowymi planami odbudowy.

    Cieszę się, że w sprawozdaniu przygotowanym przez Parlament Europejski, znalazło się miejsce dla obronności, dla wsparcia produktów podwójnego zastosowania na rynek wojskowy i cywilny. To niezwykle ważne w tej chwili.

    I na koniec chciałbym, Panie Komisarzu, odnotować z zadowoleniem, że dostrzega Pan potrzebę pomocy regionom przygranicznym, które odczuwają skutki agresji Rosji na Ukrainę. Jeśli chce Pan rzeczywiście im pomóc, trzeba natychmiast zmienić mapę intensywności pomocy publicznej. Każdy przedsiębiorca ocenia ryzyko. Jeśli będzie mógł uzyskać wsparcie, które to ryzyko zmniejszy, z pewnością tam zainwestuje.

     
       

     

      Sabrina Repp (S&D). – Herr Präsident, Herr Kommissar! Die Kohäsionspolitik ist eine europäische Erfolgsgeschichte – sichtbar, wirksam und unverzichtbar für den Zusammenhalt in unseren Regionen. Wie der neunte Kohäsionsbericht zeigt, entfalten die Investitionen spürbare Wirkung, insbesondere in strukturschwachen Gebieten. Der wiederholte Vorwurf vom Kommissar, dass zu wenig Gelder abgerufen würden, ist irreführend. Die Mittel sind verplant, Projekte sind längst auf dem Weg.

    Kohäsionspolitik und Kohäsionsmittel sind keine Reservekasse für spontane politische Richtungswechsel. Sie dienen einer langfristigen Entwicklung, gerade auch im ländlichen Raum. Doch genau diese Räume drohen nun erneut, ins Hintertreffen zu geraten. Der Gesetzentwurf zur Halbzeitbewertung verlagert Mittel zugunsten urbaner und industrieller Zentren – entgegen dem Versprechen, insbesondere ländliche Räume in den Blick zu nehmen. Wer Kohäsionspolitik ernst nimmt, muss ländliche Räume stärken. Wir sollten die Prinzipien der Kohäsionspolitik wahren, statt die dafür vorgesehenen Gelder gießkannenartig und zweckfremd auszuschütten. Denn Kohäsionspolitik ist das Fundament eines widerstandsfähigen und vor allem demokratischen Europas, das wir gerade mehr denn je brauchen.

     
       

       

    PRESIDENZA: PINA PICIERNO
    Vicepresidente

     
       

     

      Julien Leonardelli (PfE). – Madame la Présidente, Monsieur le Commissaire Fitto, chers collègues, ce neuvième rapport sur la cohésion économique et sociale ne peut passer sous silence l’une des urgences vitales pour nos territoires: l’eau.

    En France, chez moi, en Occitanie, comme dans tant d’autres régions européennes, les sols s’assèchent, les nappes s’épuisent et les conflits d’usage se multiplient. L’agriculture est menacée, la santé publique est fragilisée et nos villages perdent leur souffle, car, oui, l’eau, c’est la vie. Cependant, au lieu d’aider les peuples à faire face à cela, les technocrates imposent une vision centralisée, hors sol et obnubilés par le réchauffement climatique.

    À chaque urgence concrète, ils répondent par des rapports abstraits. Ils freinent les retenues d’eau, ils entravent les initiatives locales et ils accablent ceux qui nourrissent nos nations, nos paysans.

    Cela n’est pas notre Europe. L’Europe que nous voulons, c’est l’Europe des peuples, celle qui défend les nations – les nations gardant la maîtrise de leurs ressources – et où les décisions sont prises au plus près du terrain et non imposées par une bureaucratie lointaine et idéologique.

    L’heure est venue de redonner aux nations leur souveraineté hydraulique, de protéger l’eau comme un bien commun, nécessaire au développement urbain et touristique, indispensable à notre agriculture, à notre industrie et à nos territoires. Sans eau, il n’y aura ni renaissance rurale, ni cohésion, ni avenir pour nos enfants.

     
       


     

      Rasmus Andresen (Verts/ALE). – Frau Präsidentin! Viele Menschen haben Angst in diesen Zeiten. Menschen, die in ländlichen Regionen oder in Grenzregionen leben, haben Angst, ihren Job zu verlieren oder abgehängt zu werden, weil die Bahn nicht mehr fährt oder das Krankenhaus vor Ort schließt. Viele Menschen in Metropolen haben Angst, dass ihre Einkommen durch die hohen Mieten oder hohe Lebenshaltungskosten aufgefressen werden und sie nicht mehr mithalten können. Viele Menschen merken, dass das Leben nicht mehr so einfach ist. Und ich finde, dass die Europäische Union ein klares Versprechen für ein gutes Leben an alle Menschen in der Europäischen Union abgeben muss. Dafür kann die Europäische Union zuständig sein, und die Kohäsionspolitik ist dafür ein sehr zentrales Element.

    Es ist wirklich sehr schön zu hören, dass sich der Kommissionsvizepräsident Fitto hier heute dem Bericht angeschlossen hat, den wir im Parlament verhandelt haben. Aber ich muss auch ganz ehrlich sagen: Das passt nicht zur Realität, wie wir sie wahrnehmen. Die Realität ist, dass die EU‑Kommission weiter Zentralisierungspläne hat, dass die Kohäsionsgelder zukünftig in nationalen Plänen ausgezahlt werden müssen, dass Regionen die Gelder nicht mehr bekommen, dass soziale Organisationen, dass kleine Unternehmen, dass Gewerkschaften in Zukunft ausgeschlossen werden. Und das will ich ganz deutlich sagen: Das darf nicht passieren, und dafür setzen wir uns auch mit diesem Bericht zur Wehr.

    Wir sagen aber auch, dass die Kohäsionspolitik besser werden muss. Es muss einfacher werden, EU‑Fördermittel zu bekommen, es muss weiterhin klare Ziele geben – soziale Ziele und grüne Ziele –, und wir brauchen direkte Instrumente für Städte, damit auch sie besser an EU‑Fördermitteln partizipieren können. Hier im Parlament sind wir uns einig. Jetzt kommt es darauf an, dass Sie handeln und dass Sie im Sommer den richtigen Vorschlag machen und sich an der Position des Parlaments orientieren.

     
       

     

      Έλενα Κουντουρά (The Left). – Κυρία Πρόεδρε, κύριε Επίτροπε, η πολιτική συνοχής έχει βασικό στόχο την επίτευξη ισόρροπης ανάπτυξης σε όλη την Ευρώπη μέσω της κοινωνικής, οικονομικής και εδαφικής σύγκλισης όλων των περιφερειών. Ωστόσο, παρά την πρόοδο, είμαστε ακόμα πολύ μακριά από την επίτευξη αυτών των κρίσιμων στόχων.

    Η πράσινη και η ψηφιακή μετάβαση, η στεγαστική κρίση, η κλιματική κρίση, το υψηλό μεταφορικό και ενεργειακό κόστος δημιουργούν νέες προκλήσεις για τις τοπικές κοινωνίες, ειδικά στα νησιά και στις απομακρυσμένες περιοχές.

    Η ιδέα χρηματοδότησης αμυντικών τεχνολογιών από τα Ταμεία Συνοχής πρέπει να απορριφθεί. Χρειαζόμαστε ενίσχυση της χρηματοδότησης της πολιτικής συνοχής στο νέο Πολυετές Δημοσιονομικό Πλαίσιο. Πρέπει να διασφαλίσουμε ότι θα βασίζεται στις ιδιαίτερες ανάγκες των τοπικών κοινωνιών, στην αρχή της πολυεπίπεδης διακυβέρνησης, στο αποκεντρωμένο μοντέλο προγραμματισμού και στην ενισχυμένη συμμετοχή των περιφερειακών αρχών.

    Τέλος, θα πρέπει να αντιμετωπιστούν οι ενδοπεριφερειακές ανισότητες σε επίπεδο NUTS 3, συνυπολογίζοντας παράγοντες πέραν του περιφερειακού ΑΕΠ, όπως η δημογραφική ερήμωση, η νησιωτικότητα, η περιβαλλοντική επιβάρυνση και η ποιότητα ζωής.

     
       

     

      Isabelle Le Callennec (PPE). – Madame la Présidente, Monsieur le Commissaire Fitto, la politique de cohésion vise la réduction des disparités économiques, sociales et territoriales au sein de l’Union européenne, et pèse pour un tiers de son budget. La politique de cohésion, parfaitement identifiée et incarnation de l’Europe dans nos territoires, est au cœur du projet européen et ne saurait être remise en cause. A contrario, elle doit être renforcée dans ses budgets et améliorée dans sa mise en œuvre.

    Non à une ponction des fonds de cohésion à d’autres fins que celles pour lesquelles ils ont été créés. Oui à un régime spécial et légitime pour les régions ultrapériphériques, non à une recentralisation de la gestion. Oui à une simplification du fonctionnement; non à une utilisation des fonds inadéquate et oui à une meilleure synergie avec les programmes sectoriels de l’Union et le soutien de la BEI dans les investissements d’avenir.

    À vous écouter, Monsieur le Commissaire Fitto, j’ai bon espoir que nous soyons enfin entendus.

     
       

     

      Maravillas Abadía Jover (PPE). – Señora presidenta, señor comisario, la política de cohesión es una palanca esencial de la competitividad europea, pero Europa sufre hoy un déficit de ejecución para su ambición global. La revisión intermedia muestra avances, pero también revela un problema grave: las tasas de absorción son inaceptablemente bajas.

    En España, donde Eurostat confirma una vez más el triste liderazgo del paro en Europa, la ejecución del Fondo Social es del 0 %. Esta parálisis no es un fallo de Bruselas, sino de una gestión centralizada ineficaz y de una burocracia que bloquea inversiones estratégicas. La cohesión no se consigue con papeles, sino invirtiendo en la vida cotidiana: en empleos de calidad, en trenes que circulen con normalidad, en el acceso garantizado al agua, en luz encendida cada día y no en apagones de los cuales aún no hay respuesta.

    Para lograrlo, los entes locales y regionales deben tener un papel protagonista. Son ellos los que mejor conocen las necesidades reales. La política de cohesión debe garantizar una ejecución eficaz, promover inversiones de calado y seguir siendo el motor de una Europa fuerte, solidaria y competitiva.

     
       

     

      Paulo Do Nascimento Cabral (PPE). – Senhora Presidente, Senhor Vice-Presidente Raffaele Fitto, a política de coesão tem de ter um orçamento robusto, e recorda-se que cada euro investido através desta política deverá ser multiplicado por três até 2040. Isto só será possível se envolvermos as autoridades regionais e locais numa abordagem multinível no seu desenho e gestão, respeitando o princípio da subsidiariedade e de parceria.

    Este tem de continuar a ser o principal instrumento no combate às desigualdades regionais. No último quadro, a política de coesão representou 13 % de todo o investimento público na União Europeia e 51 % nos Estados-Membros das regiões menos desenvolvidas. Isto mostra que é a maior política de investimentos da União Europeia e beneficia todos os Estados-Membros, direta ou indiretamente.

    O relatório refere ainda flexibilidade na gestão que defende, quer para os beneficiários, quer para as administrações, e saúdo, portanto, o nosso relator Protas por isto.

    Destaco apenas as regiões ultraperiféricas, com os seus desafios estruturais permanentes, que devem continuar a ter uma abordagem específica, como estabelecido no artigo 349.º do Tratado. Mas são também territórios de elevado potencial estratégico para a União, com condições únicas para liderar processos de inovação territorial.

    É essencial que a Comissão Europeia promova sempre avaliações de impacto nessas regiões de novas propostas legislativas, para evitarmos erros como o ETS e evitarmos sobrecargas regulatórias que possam comprometer o seu desenvolvimento económico e social. E termino com um desafio: os transportes são a principal limitação da competitividade das empresas nas RUP e por isso precisamos urgentemente de um POSEI Transportes.

    (O orador aceita responder a uma pergunta «cartão azul»)

     
       

     

      João Oliveira (The Left), Pergunta segundo o procedimento «cartão azul». – Senhora Presidente, Senhor Deputado Paulo do Nascimento Cabral, os fundos de coesão são um instrumento absolutamente essencial para países como Portugal, para garantir o desenvolvimento e a coesão nas suas três dimensões — económica, social e territorial.

    Ora, este relatório faz uma referência direta à promoção do investimento em projetos e bens de dupla utilização, ou seja, com dimensão militar e civil. E as perguntas que lhe faço são duas: primeiro, se o senhor deputado está de acordo com esta possibilidade de desvio de fundos da coesão para fins militares e, em segundo lugar, como é que o senhor deputado entende que o desvio de fundos de coesão para objetivos militares pode servir o desenvolvimento de países como Portugal.

     
       

     

      Paulo Do Nascimento Cabral (PPE), Resposta segundo o procedimento «cartão azul». – Senhor Deputado, de facto, há esta referência numa lógica facultativa, não é obrigatório — os Estados-Membros podem utilizar esta possibilidade para desenvolver a sua indústria militar, como foi apresentado também aqui na revisão intercalar da política de coesão.

    Neste caso específico, a indústria militar pode ser considerada de várias formas. Falamos também daquilo que mais valoriza o território, desde logo a ocupação do território, a promoção das zonas rurais, e falo também daquilo que tem que ver com a possibilidade que nós temos para desenvolver estes mesmos locais, essas mesmas zonas rurais com alguma indústria. Pode estar diretamente relacionado, ou não, com as questões militares, mas, por exemplo, a agricultura também pode ser considerada segurança e defesa, autonomia alimentar — a autonomia estratégica da União Europeia também tem de ser considerada.

    Não vejo no relatório uma obrigação; vejo uma possibilidade para aumentar a taxa de execução dos fundos de coesão.

     
       

     

      Nikolina Brnjac (PPE). – Poštovana predsjedavajuća, povjereniče, drage kolegice i kolege, deveto izvješće o koheziji potvrđuje ono što znamo iz prakse, a to je da kohezijska politika donosi konkretne i donosi mjerljive rezultate.

    Kao zastupnica iz Republike Hrvatske iz prve ruke svjedočim koliko su upravo kohezijska ulaganja ključna za ravnomjerni razvoj naših regija, za jačanje naših gospodarstava, za prometnu i socijalnu infrastrukturu, ali koliko su važna i za očuvanje radnih mjesta. No, pred nama su i dalje važni i ozbiljni izazovi: od demografskog pada i administrativnih prepreka do niske apsorpcije sredstava.

    Kao koordinatorica EPP-a u Odboru za stambenu krizu, posebno pozdravljam što izvješće prepoznaje stratešku važnost ulaganja u priuštivo stanovanje. To je temelj socijalne kohezije, zadržavanje mladih i obitelji i radne snage u našim regijama te borbe protiv depopulacije.

    Za Hrvatsku i druge članice, manje države članice, snažna, fleksibilna i pojednostavljena kohezijska politika i nakon 2027. godine mora ostati prioritet. Europska unija mora ostati savez jednakih prilika za sve.

     
       

       

    Procedura “catch-the-eye”

     
       

     

      Juan Fernando López Aguilar (S&D). – Señora presidenta, señor vicepresidente Fitto, lo ha escuchado usted claramente: una mayoría de este Parlamento Europeo concuerda en que la política de cohesión es la razón de ser de Europa, correctora de desigualdades –también territoriales– en origen.

    Tiene que ser particularmente sensible con regiones expuestas a conflictos en su frontera inmediata –como es el caso de la guerra de Ucrania– y en regiones particularmente expuestas por ser la primera línea ante el hecho migratorio –como es el caso de las regiones ultraperiféricas–. Pero, además de eso, este Parlamento subraya que sí es posible simplificar la gestión de los fondos de cohesión y los fondos de solidaridad distintivos de la Unión Europea sin que ello perjudique su gestión compartida y su gobernanza multinivel, y que –por tanto– le permita rendir cuentas asimismo en su gestión regional.

    Se presenta, además, un objetivo muy importante: que tengan financiación suficiente para atender las nuevas prioridades, las emergencias y las catástrofes climáticas –cada vez más frecuentes– y, sobre todo, la extrapolación de la política social europea a la política de vivienda, que es el gran desafío de la solidaridad intergeneracional en la Unión Europea.

     
       

     

      João Oliveira (The Left). – Senhora Presidente, a política de coesão é, de facto, um instrumento absolutamente essencial para combater desigualdades económicas, sociais e territoriais, e garantir que todos os países possam, efetivamente, ter a possibilidade de estar no mesmo patamar de desenvolvimento.

    Mas, para isso, é absolutamente essencial aumentar o investimento dos fundos de coesão e garantir que eles não sejam negligenciados. E, também, não associar a política de coesão a um modelo de financiamento baseado em objetivos ou resultados, como muitas vezes a Comissão Europeia procura querer, porque isso é, naturalmente, um elemento de limitação na possibilidade da utilização mais adequada dos fundos de coesão à realidade e à circunstância de cada país.

    É também absolutamente essencial garantir uma governação descentralizada, com o nível adequado de articulação entre governos nacionais, regionais e locais, e assegurando que as estratégias locais de desenvolvimento sejam de responsabilidade partilhada e que não sejam impostas a cada região e a cada localidade.

    Por fim, é absolutamente essencial garantir que o próximo quadro financeiro plurianual tenha um nível adequado de investimento na política de coesão, garantindo que o princípio da coesão seja um princípio horizontal que atravessa todas as políticas setoriais como critério de decisão para que esses objetivos de coesão possam ser alcançados.

     
       


     

      Maria Grapini (S&D). – Doamnă președintă, domnule comisar, stimați colegi, politica de coeziune este esența Uniunii Europene. Nu o să putem, domnule comisar, să consolidăm și să fie puternică piața unică în raport cu piața globală dacă nu vom rezolva politica de coeziune.

    Și cred că s-au făcut câteva greșeli: nu analizăm prea des efectele, pentru că dacă nu reușim să avem coeziune socială, să eliminăm disparitățile sociale, uitați-vă între est și vest, uitați-vă între regiunile periferice, între rural și urban. Deci, dacă nu reușim să facem aceste lucruri, înseamnă că nu avem politică de coeziune.

    Apoi, ca să poată să aibă acces la bani, și cei din rural, și întreprinderile mici și mijlocii și zonele îndepărtate, trebuie foarte multă flexibilitate, foarte mult pus accent pe rezultate, simplificare, descentralizare, foarte important. Și sigur că trebuie, așa cum s-a și spus aici, trebuie să avem grijă acum ca țările care sunt în regiunile vecine cu Rusia, cu Bielorusia, cu Ucraina, cum este și țara mea, România, să aibă fonduri alocate, pentru că aceste state au preluat cetățeni ucraineni, copii ucraineni și nu putem să susținem singuri.

    Politica de coeziune este cea care va da viitorul Uniunii Europene!

     
       

       

    (Fine della procedura “catch the eye”)

     
       

     

      Raffaele Fitto, Executive Vice-President of the Commission. – Madam President, Members, thank you for this debate. Let me begin by thanking you all for your valuable contributions. I have listened closely to your comments and concerns. Your insights this evening confirm a strong, shared commitment to the future of cohesion policy, one that is modern, responsive and grounded in the real needs of our regions. The status quo is not an option.

    You spoke about the role of the regions, the role of the cities, less bureaucracy, defending the principles of cohesion, defending the financial dimension, the simplification; these are the most important issues that you raised and I agree with you, but it’s important to underline some points. For example, we cannot defend the cohesion policy as it is if we want to give a future to this policy. About defence, for example, you know that – some of you know that and said that –defence now is a new opportunity that the Commission gives with the mid-term review. Well, you know that the current programmes are already financing some projects on defence. The mid-term review gives the possibility on a voluntary basis to use all of the five priorities, or some of the priorities, or, if the Member States can simply decide to not use the mid-term review, solve the problem. There is not an obligatory decision of the European Commission. There is not a transfer of money from cohesion. I want to be clear, it’s important to be clear about this point. This is a voluntary basis. And now we have these opportunities because in the current programmes, without a mid-term review, there is the opportunity, the possibility, to use the resources of cohesion for defence. We have some clear examples in this way. It’s important to have the right approach between us, because I think that for the mid-term review to be successful, we must act swiftly and a modernised policy framework needs to be in place as soon as possible so that Member States and the regions can choose which investments should be directed towards our new and emerging priorities without delay. At the same time, we must remain attentive to the ongoing challenges that many EU regions continue to face – challenges clearly highlighted in the Cohesion Report. We also have a duty to ensure that every euro we spend delivers maximum impact.

    Honourable Members, cohesion policy has proven its value time and again. Its core principles – partnership, shared management, multi-level governance, place-based approach – are not just a technical terms, they are what makes this policy work, what brings Europe closer to its citizens. With a renewed vision and determination, we can build on these foundations and shape a cohesion policy fit for the future. I will continue to engage closely with this House, with the Member States, with the regions, with the mayors, and with all authorities in the weeks and months ahead to listen, to learn, to create tailored solutions for every region. This has been and will always remain my approach. T.

    hank you once again for this valuable exchange and for your continued commitment to Europe’s regions and citizens. And thank you again, Mr Protas, for this report. I think that this is a very positive basis for our work for the next weeks or the next months. It is not simple, the debate for the future, but I think that it’s important to build one position between us. I think that there isn’t a different approach. Now we need to have only one voice, not to defend cohesion policy, but to relaunch and modernised cohesion policy. These are our challenges and I count on you about this future and for the next steps that together we will have for these important challenges.

     
       

     

      Jacek Protas, Sprawozdawca. – Pani Przewodnicząca! Szanowni Państwo! Drogie Koleżanki i Koledzy! Bardzo serdecznie dziękuję zarówno za tą dzisiejszą debatę i za ciepłe słowa skierowane również do mnie, ale bardzo też serdecznie dziękuję za prace nad tym ważnym dokumentem, który – tak jak powiedziałem – moim zdaniem będzie naszym mocnym stanowiskiem, mocnym stanowiskiem Parlamentu Europejskiego w dalszej debacie, tak jak powiedział pan komisarz, na temat modernizacji polityki spójności.

    Pozwólcie państwo, że podobnie jak pan komisarz, odniosę się do produktów podwójnego zastosowania, bo wydaje mi się, że nie wszyscy rozumieją, o co chodzi. Otóż, po pierwsze, rzeczywiście to nie jest obligatoryjne podejście. Tylko te regiony, te państwa, które czują taką potrzebę, żeby przesuwać środki na niektóre działania, mogą to uczynić. Komisja Europejska zarówno w czasie przeglądu śródokresowego, jak i – mam nadzieję – w przyszłości pozwoli na takie działania. I nie jest to przesuwanie środków na wspieranie zakupów zbrojeniowych, jak tutaj też słyszałem. W żadnym wypadku.

    Ja, szanowni państwo, mieszkam 30 kilometrów od granicy z Rosją, 30 kilometrów od granicy z agresorem, z wrogim państwem. I chciałbym, żeby w moim regionie można było budować nowe hale sportowe ze schronem pod tą halą, żeby można było modernizować wskazane szpitale, które w razie zagrożenia wojennego będą również pełniły rolę wsparcia dla wojska. Chciałbym móc wzmacniać mosty, modernizować drogi dojazdowe czy budować je w takich parametrach, żeby mogły również służyć celom obronnym. I to nie jest militaryzowanie polityki spójności, ale danie możliwości tym regionom, które czują taką potrzebę, realizowania tych celów.

    Szanowni państwo, panie komisarzu, bardzo serdecznie dziękuję za te dzisiejsze wystąpienia. Dziękuję za współpracę. Mam głębokie przekonanie, że ten dokument, który w czwartek przegłosujemy, również pomoże panu, bowiem znamy pana historię zawodową. Wiemy, że jest pan samorządowcem. Był pan szefem regionu, ministrem odpowiedzialnym również za politykę regionalną, więc wiemy, że rozumie pan potrzeby regionu, potrzeby społeczności lokalnych. Ale u nas w Polsce się mówi, że diabeł tkwi w szczegółach. Co do głównych założeń polityki spójności zgadzamy się również, że trzeba iść w kierunku modernizacji, ewolucji, nie rewolucji. Ale będziemy dyskutować na temat tego, jak to w praktyce ma wyglądać i jak Komisja Europejska to widzi. Mam nadzieję, że wspólnie osiągniemy sukces.

     
       

     

      Presidente. – La discussione è chiusa.

    La votazione si svolgerà giovedì.

     

    23. One-minute speeches on matters of political importance




     

      Rody Tolassy (PfE). – Madame la Présidente, chers collègues, voici le vrai visage du pacte vert quand il affecte les Outre-mer: un cataclysme économique déguisé en vertu écologique.

    Costa Croisières quitte la Guadeloupe, non pas parce que notre territoire est moins attractif ou compétent, mais parce que Bruxelles impose aux régions ultrapériphériques (RUP) une transition énergétique restrictive et destructrice. Résultat: 15 000 à 20 000 passagers en moins, des dockers au chômage, des transporteurs en détresse, un port affaibli, et ce n’est que le début. L’augmentation du prix des billets d’avion frappait déjà nos familles, maintenant ce sont nos entreprises ainsi que notre tourisme qui sont touchés. Ce n’est plus une alerte, c’est un signal d’alarme.

    Je vous pose donc une question simple: que compte faire la Commission pour compenser concrètement ces pertes? Mieux encore, arrêtez de faire les poches de nos compatriotes. Ainsi, je vous demande la suppression du dispositif d’échange de quotas d’émission dans les RUP sur la base de l’article 349 du traité FUE.

     
       

     

      Daniel Buda (PPE). – Doamnă președintă, stimați colegi, în România s-a încheiat primul tur al alegerilor prezidențiale. Mi-aș fi dorit ca domnul Crin Antonescu, un lider cu viziune, cu experiență, capabil să fie un pilon de stabilitate pe scena politică europeană, să fi ajuns în turul al doilea. Din păcate, la doar câteva zeci de mii de voturi distanță, alegătorii au ales alt drum, plasând România într-un moment de răscruce.

    Privind înainte, îmi doresc ca țara noastră să-și continue parcursul european și să rămână un punct de stabilitate într-o regiune marcată de războiul din Ucraina.

    Astăzi, mai mult ca oricând, Europa are nevoie de o Românie puternică, responsabilă, fidelă valorilor democratice, o Românie care să nu cadă pradă extremismului sau populismului.

    O Europă puternică este o Europă unită, unită în jurul valorilor care garantează pacea, libertatea, stabilitatea și prosperitatea.

    Tocmai de aceea, România trebuie să aleagă candidatul pro-european Nicușor Dan, rămas în cursă și să spună nu izolării și nu întoarcerii în trecut.

     
       

     

      Ciaran Mullooly (Renew). – Madam President, the housing crisis is crippling thousands of families and young couples all over Europe and especially in Ireland. I went to the town of Naas in County Kildare, a town which had 5 000 people in 1971, now a car-based town with 30 000 people in housing estates, and another 4 500 waiting for homes. A town that’s been forgotten. Planning is terrible. The demand is just incredible.

    I spoke to Angela Garrett. She has two children, one aged 32, who has autism, the other 28. They’re still living at home. She tells me the average price of a family home in this town is half a million euro – five hundred thousand euro! It is out of control. And what does our government do in Ireland? We put in charge a man who’s paid a salary of almost half a million euro in another job to come in to take over this job.

    We lack ideas. We lack strong thinking. We lack an ability to consider the people who are involved here, the people who are suffering because of the lack of a home. It is an absolute disgrace. We need, throughout Europe and in Ireland, to focus on real progress for families like these.

     
       

     

      Nicolae Ştefănuță (Verts/ALE). – Doamnă președintă, România are de ales. Între Europa și extrema dreaptă. Între viitor și frică.

    Nu mai e despre „îmi place de tine, tu mă placi pe mine”. Nu mai e nici măcar despre negocieri banale, despre funcții, ministere și mai știu eu ce.

    Este despre direcția în care merge România, despre ce alegem să fim: o țară europeană, liberă, demnă, sau o țară închisă, izolată, vulnerabilă, slabă.

    Fac un apel sincer și direct către toate partidele europene prezente în sală și cele de acasă: să ne unim în sprijinul pentru turul doi, pentru democrație. E momentul să fim împreună. Nu pentru un om, ci pentru un drum. Pentru drumul european al României.

    Tinerii din România nu vor să trăiască în ură, nu vor să aibă un președinte care ne izolează, care alimentează ura, care ne scoate din Europa.

    Pe 18 mai avem o singură opțiune cu toții: să ieșim la vot și să încurajăm unitatea europeană a României.

     
       

     

      Anthony Smith (The Left). – Madame la Présidente, chers collègues, les secteurs stratégiques de l’économie comme l’industrie de l’acier doivent devenir des secteurs publics sous contrôle des États. Oui, nous n’hésitons pas à le dire dans cet hémicycle, qui continue de faire du néolibéralisme moribond son étendard.

    Depuis des mois, les syndicats européens et français du secteur sonnent l’alarme sans réponse ni action de la Commission.

    En France, c’est la direction d’ArcelorMittal qui a annoncé, fin avril, la suppression de centaines de postes qui s’ajoute aux annonces précédentes, laissant des milliers de familles sur le carreau. C’est toute la filière de l’acier en France et en Europe qui est menacée, alors qu’elle a été gavée d’argent public sans contrepartie. Au lendemain de cette annonce, le commissaire européen français Séjourné a même osé exprimer son incompréhension face à la décision du géant de la sidérurgie; mais de qui se moque-t-on?

    La Macronie applique ici et au sein de la Commission le laissez-faire capitaliste pour permettre aux industriels d’accumuler toujours plus. Avec La France insoumise, nous le répétons sans faiblir: nationalisez ArcelorMittal!

     
       

     

      Tomasz Froelich (ESN). – Frau Präsidentin! Die Opposition bespitzeln, die Opposition kriminalisieren, die AfD verbieten? Das sind Zustände wie in einem autoritären Staat – das sind Zustände in Deutschland. Wer so was tut, rettet nicht die Demokratie. Wer so was tut, der schafft die Demokratie ab, weil er Angst vor ihr hat, weil er zu schwach für sie ist. Veranlasst hat all dies Nancy Faeser, scheidende Innenministerin, gesichert linksextrem, Autorin des Antifa‑Magazins.

    Das Gutachten gegen die AfD, auf das sie sich beruft, bleibt geheim. Es bleibt geheim, weil es harmlos ist. Der Presse wurde es dennoch gesteckt. Weil wir das deutsche Volk erhalten wollen, sollen wir rechtsextrem sein? Lächerlich! Marco Rubio hat völlig recht – das ist keine Demokratie, das ist verkappte Tyrannei. Und dann erdreistet sich diese Bundesregierung auch noch, dem Rest der Welt Demokratiedefizite vorzuwerfen. Einfach nur frech! Wer keine Argumente hat, muss auf Repression setzen, aber ich verspreche Ihnen: Wir halten das aus, denn unsere Überzeugungen sind stärker als diese Arroganz der Macht.

     
       



     

      Maria Grapini (S&D). – Doamnă președintă, domnule comisar, am ales să vorbesc astăzi despre criza de locuințe pentru tineri. O locuință decentă este o condiție esențială pentru aspirațiile tinerilor și există studii făcute de Banca Mondială, există studii, are Comisia Europeană rezultatele acestor studii?

    Este clar că sunt mai ales state cum ar fi Grecia, Bulgaria, România, chiar și Germania, unde criza locuințelor a crescut. Există însă și soluții.

    Am vorbit mai devreme de politica de coeziune. Ține și acest lucru de politica de coeziune. Aceste rapoarte și analize dau și niște recomandări. De exemplu, să se acorde teren din spațiile publice neutilizate, tinerilor. Să aibă acces, așa cum am spus mai devreme, la finanțare, de exemplu la Banca Europeană de Investiții, simplificarea procedurilor prin care să se primească, dar și construcția de locuințe sociale.

    Cum facem să asigurăm aceste lucruri? Pentru că tot rapoartele arată că există o legătură între productivitate, competitivitate, dar chiar și legătură cu sănătatea mintală, nu mai spun de demografie.

    Deci trebuie să găsim soluții pentru ca tinerii să aibă acces la locuințe.

     
       

     

      Tiago Moreira de Sá (PfE). – Senhora Presidente, quando James Madison elaborou as primeiras 10 emendas à Constituição dos Estados Unidos, que ficaram conhecidas como «Bill of Rights», fê-lo para garantir que, mesmo numa república acabada de nascer de uma guerra, a liberdade era constitucionalmente protegida.

    O acordo «Pandemic», que deverá ser aprovado na próxima sessão da World Health Assembly, em Genebra, evoca intenções nobres, como proteger a saúde global. Está bem, mas deve ser encarado com cautelas e máxima vigilância. Há quatro áreas onde essa vigilância é absolutamente crítica — as liberdades individuais, a soberania nacional, a confidencialidade dos dados genéticos e a liberdade de expressão.

    A responsabilidade histórica que temos hoje é a mesma que Madison teve no seu tempo: assegurar que a prevenção de um mal nunca se faça à custa da liberdade, seja dos indivíduos, seja, neste caso também, dos Estados. Porque a liberdade não é o preço da segurança; é a sua condição moral.

     
       

     

      Cristian Terheş (ECR). – Doamnă președintă, dragi colegi, am atras atenția din toamna lui 2019 că programul utopic Green Deal, promovat de Ursula von der Leyen, va conduce la o criză energetică în Europa, cu efect dezastruos asupra populației și economiilor europene.

    Pe de o parte, aceste politici au condus deja la creșterea consumului de energie, pe de altă parte, în loc să diversifice sursele și să asigure independența energetică, UE a impus statelor să-și închidă surse de energie, cum sunt termocentralele pe cărbune, ceea ce a redus producția de energie.

    Efectul a fost că prețul energiei a crescut peste tot în UE, cu efect devastator, în special asupra pensionarilor și celor mai săraci europeni. Acest lucru a afectat și economia, făcând bunurile și serviciile europene mai scumpe și mai greu de vândut pe piața mondială.

    Această politică centralizată de tip comunist, care pornește de la premisa că cei de la Bruxelles știu mai bine decât guvernele statelor membre UE ce e mai bine pentru țările lor, și-a dovedit eșecul și trebuie să înceteze.

    Pentru a gestiona cu adevărat criza energetică, statele membre trebuie să-și definească propriul mix energetic. Viitorul nu poate fi dictat de dogme verzi impuse de birocrații de la Bruxelles, ci de soluții funcționale specifice fiecărei țări.

     
       

     

      Michael McNamara (Renew).(start of speech off mic) … I suppose the instability and unprecedented level of conflict in the world is such that when two of the world’s greatest powers, two of the world’s most populous nations, both nuclear armed, are squaring up and threatening each other, it barely receives a word here in the European Union, or indeed from this Parliament. I would like to take this opportunity to express my condolences to the families of those slaughtered so savagely in Kashmir recently. But I think it is also important for this Parliament to call for restraint and dialogue.

    The speech of Pakistan’s army chief, General Munir, to representatives of the diaspora a couple of days before the attack is viewed as inflammatory in India. However, there is no evidence of any link between Pakistan and the heinous attack and, in the absence of such evidence, any attack by India and Pakistan, which is itself a frequent victim of terrorist attacks, would be unjustified.

    However, one cannot help but reflect on the benefits of democratically elected leaders speaking on behalf of their country rather than military men. In that regard, one might recall that when the Great Leader Jinnah outlined his vision of Pakistan in 1947, he spoke of no distinction between one community and another.

     
       

     

      Jaume Asens Llodrà (Verts/ALE). – Señora presidenta, con el genocidio en Gaza, la historia nos mira y nos va a juzgar.

    Albert Camus decía que no hay mejor combate –combate más fuerte– que el del ser humano que se enfrenta al mundo con las manos vacías, pero con la dignidad intacta. Israel ha atacado un buque de ayuda humanitaria: Flotilla por la Libertad. Se trata de un crimen de guerra gravísimo que nos recuerda esa distinción moral, la de quienes tienen las manos limpias porque ayudan a las víctimas, y las de los que las tienen manchadas de sangre porque ayudan a los verdugos y callan ante esos crímenes.

    Ningún líder europeo ha dicho nada. ¿Qué habría sucedido si hubiera sido Putin –y no Netanyahu– quien hubiera intentado hundir un barco europeo?

    El ministro español Albares ha condenado hoy el ataque al aeropuerto sin víctimas, pero no ha dicho nada del hundimiento del barco ni de los más de mil asesinados –cooperantes, médicos y enfermeras– que intentan salvar vidas. Esas muertes son una mancha indeleble en la conciencia de los líderes europeos que siguen cooperando con el genocidio en Gaza.

    Nuestra obligación como ciudadanos es movilizarnos como garantes del Derecho internacional y recordar que, cuando la barbarie se normaliza, la desobediencia es una obligación moral.

     
       


     

      Γεώργιος Αυτιάς (PPE). – Κυρία Πρόεδρε, κύριε Επίτροπε, η άσκηση οικονομικής πολιτικής, πέραν της ανταγωνιστικότητας και της σταθερότητας —και το ξέρετε πολύ καλά αυτό, γιατί η πατρίδα μου πέρασε από τρία μνημόνια— πρέπει να έχει και έντονο κοινωνικό χαρακτήρα, δηλαδή στήριξη μισθών και συντάξεων, στήριξη φορολογικών ελαφρύνσεων, λύση δημογραφικού, στέγη. Το ξέρετε πολύ καλά, κύριε Επίτροπε, το θέμα, και εσείς, αξιότιμοι συνάδελφοι. Μείωση της ανεργίας και φθηνή ενέργεια.

    Προς αυτή την κατεύθυνση, η χώρα μου κινείται με ταχύτατο ρυθμό, αποπληρώνει δάνεια δεκαετίες μπροστά, έχει άριστες κριτικές από οίκους αξιολόγησης και, παράλληλα, πλεόνασμα. Αυτό το πλεόνασμα, λοιπόν, επιστρέφεται στην κοινωνία.

    Να ξέρετε, κύριε Επίτροπε, ότι αυτός ο βηματισμός θα συνεχιστεί και το επόμενο χρονικό διάστημα και προς αυτή την κατεύθυνση σας ενημερώνω συνεχώς.

     
       


     

      Anne-Sophie Frigout (PfE). – Madame la Présidente, chers collègues, enfin, après avoir mené l’industrie automobile au bord de la mort, la Commission européenne revient à la raison et nous propose d’offrir un court répit aux constructeurs automobiles, avec davantage de flexibilité dans l’application des objectifs d’émissions de CO2.

    Cela fait des années que nous alertons sur les conséquences désastreuses de l’écologie punitive imposée par les technocrates bruxellois. Sans cet assouplissement, nos constructeurs auraient dû payer jusqu’à 15 milliards d’euros d’amende dès cet automne.

    Ce revirement partiel est une première victoire, mais le combat continue. Il est essentiel de revenir sur la fin des moteurs thermiques neufs en 2035, une décision absurde et complètement hors sol qui menace nos emplois et le pouvoir d’achat des Européens.

    Avec notre groupe des Patriotes pour l’Europe, nous avons déposé des amendements de bon sens pour défendre notre industrie et une transition écologique réaliste. Ils seront, je l’espère, votés par tous les collègues qui déplorent comme nous cette désastreuse politique de sabotage industriel.

    Quoi qu’il en soit, nous ne lâcherons rien et nous ne laisserons pas Bruxelles sacrifier l’Europe qui travaille.

     
       




     

      Mélanie Disdier (PfE). – Madame la Présidente, chers collègues, dans mon département du Nord, ArcelorMittal, une industrie structurante du secteur métallurgique, est contrainte de licencier des salariés par centaines. À cause d’une concurrence déloyale et des prix de l’énergie exorbitants, ce sont plus de 600 salariés et, à travers eux, plus de 600 familles qui vont se retrouver en difficulté. Je peux déjà voir venir le programme d’aide de l’Union pour aider face aux désastres de la mondialisation et donc poser un nouveau pansement sur une jambe de bois, mais les Français en ont marre, les Européens en ont marre!

    Ce dont l’Europe a besoin, ce n’est pas de cacher la misère, mais de créer les conditions de son éradication. C’est en se donnant les moyens de produire des richesses que l’Europe pourra se redresser. Si vous vous contentez de nier les conséquences désastreuses de votre politique, vous n’arriverez à rien et l’Europe continuera de décliner. Si, à l’inverse, vous regardez la vérité en face et qu’enfin vous décidez de sortir de votre idéologie régressive et criante, peut-être que nous pourrons enfin lancer le chantier du redressement économique de l’Europe.

     
       

     

      Şerban Dimitrie Sturdza (ECR). – Madame la Présidente, chers collègues, après l’annulation abusive du premier tour des élections présidentielles roumaines de décembre 2024, le premier tour a été de nouveau organisé hier.

    L’humiliation et la trahison du peuple roumain par l’annulation de son vote, simplement parce qu’il avait exprimé une préférence européenne, mais souverainiste, ont provoqué une vague de colère sociétale sans précédent contre le parti globaliste au pouvoir en Roumanie depuis 35 ans. Parce que le vote en faveur de Călin Georgescu a été annulé et qu’il lui a été interdit de se présenter à nouveau, les Roumains ont voté massivement pour George Simion.

    Le message des Roumains est extrêmement clair: ils exigent d’être respectés tant par les dirigeants de Bruxelles que par leurs représentants nationaux et rejettent de nombreuses décisions absurdes, contraires à leurs intérêts, à leurs traditions, à leur foi et à leur identité, imposées de manière autoritaire. Les Roumains ont commencé à prendre leur pays en main.

    Nous sommes un peuple européen avec des aspirations dignes de la grande famille européenne, et en même temps un peuple conservateur, fier.

     
       

     

      Δημήτρης Τσιόδρας (PPE). – Κυρία Πρόεδρε, τα νέα γεωπολιτικά δεδομένα ωθούν την Ευρώπη από καταναλωτής ασφάλειας να πάρει τις τύχες στα χέρια της και να οικοδομήσει κοινή άμυνα. Κοινή άμυνα, όμως, δεν σημαίνει μόνο κοινή παραγωγή αμυντικών συστημάτων. Σημαίνει κοινή πολιτική άμυνας. Και, σε αυτή την πολιτική, προφανώς χωρούν και τρίτες χώρες. Όμως, χώρες οι οποίες μοιράζονται κοινές αρχές και κοινές αξίες. Όχι χώρες, όπως η Τουρκία, που κατέχουν παράνομα ευρωπαϊκό έδαφος στην Κύπρο, απειλούν χώρες μέλη και έχουν βρεθεί απέναντι στην Ευρώπη σε μια σειρά από περιοχές, όπως στη Μέση Ανατολή, στη Λιβύη και στον Καύκασο.

    Η διάθεση εθνικών κονδυλίων για άμυνα αποτελεί, προφανώς, απόφαση κάθε χώρας, όμως δεν μπορεί να μη λαμβάνονται υπόψη οι ευρωπαϊκές αρχές. Διαφορετικά, δεν θα διαμορφώσουμε κοινή πολιτική, που είναι ακριβώς αυτό που χρειαζόμαστε. Οι Ευρωπαίοι πολίτες θα αισθάνονται ασφαλείς όταν νιώθουν ότι τα σύνορα της χώρας τους είναι ευρωπαϊκά σύνορα και ότι η απειλή εναντίον ενός είναι απειλή εναντίον όλων.

     
       

     

      Ştefan Muşoiu (S&D). – Doamnă președintă, dragi colegi, am fost invitat recent să le explic unor elevi de clasa a doua ai unei școli din Slobozia, orașul din România din care provin și eu, despre arhitectura Uniunii Europene și despre rolul său decizional reflectat în viața cetățenilor ei, indiferent de vârsta, sexul, statutul sau preocupările lor.

    Bucuria mi-a fost răsplătită de interesul viu al școlarilor și de numeroasele cunoștințe pe care le au despre Uniunea Europeană. La rândul lor, copiii mi-au cerut să dau citire aici, în plen, scrisorii pe care mi-au adresat-o, astfel încât dezvoltarea Uniunii Europene și un viitor mai bun și mai sigur să se edifice și pe interesele lor.

    Vă citez: „Vă rugăm să aveți grijă de planeta noastră. Vrem o Europă cu aer și ape curate, cu păduri verzi și cu animale protejate. Ne dorim să trăim în pace, să mergem în siguranță la școală și să ne facem prieteni în toate colțurile continentului. Vrem ca toți copiii europeni să aibă acces la educație, sănătate, să nu sufere de foame sau să fie speriați de război. Vă rugăm să ne ascultați rugămințile, pentru că noi suntem viitorul Europei. Dacă ne ajutați să creștem într-o lume mai bună, promitem că vom avea grijă de ea și de ceilalți când vom fi și noi mari. Vă mulțumim!” Am încheiat citatul.

    Întrebarea mea este: le lăsăm o lume mai bună?

     
       


     

      Presidente. – La discussione è chiusa.

    La prossima seduta si svolgerà domani 6 maggio 2025 ore 9:00.

     

    24. Agenda of the next sitting

     

      Presidente. – L’ordine del giorno è stato pubblicato ed è disponibile sul sito internet del Parlamento europeo.

     

    25. Approval of the minutes of the sitting

     

      Presidente. – Il processo verbale della seduta sarà sottoposto all’approvazione del Parlamento domani.

    La seduta è tolta.

     

    26. Closure of the sitting

       

    (La seduta è tolta alle 22.05)

     

    MIL OSI Europe News

  • MIL-OSI USA: NREL Researcher Craig Turchi Brings Small Business Experience to Big Concentrating Solar Projects

    Source: US National Renewable Energy Laboratory

    Turchi’s Years at a Tech Startup Gave Him a Savvy Outlook on Concentrating Solar Power (CSP) Systems Analysis and Innovation


    NREL researcher Craig Turchi soaks up the sunshine along the banks of the Gunnison River in Colorado. Turchi is the manager of the Thermal Energy Science and Technologies group in NREL’s Center for Energy Conversion and Storage Systems. His love for nature led him to work in solar technologies after completing his Ph.D. in chemical engineering at North Carolina State University. At NREL, his work has focused on a range of issues in concentrating solar technologies, from systems analysis to reducing water use at concentrating solar power plants in desert environments. Photo from Craig Turchi

    Honesty is the best policy, and from his early days at the National Renewable Energy Laboratory (NREL), Craig Turchi embraced that policy in his work as a chemical engineer in concentrating solar power (CSP).

    In fact, fresh out of his Ph.D. program and working at his first job, he was not afraid to tell the U.S. Department of Energy the truth about a solar detoxification reactor his team was working on: Based on the reaction rates he had modeled, it was not going to work—at least, not as currently planned.

    It was his first CSP project at the laboratory in the early 1990s, when NREL was called the Solar Energy Research Institute (SERI). The reactors used sunlight concentrated from parabolic mirrors into fluid-filled tubes to break down contaminants in water, using titanium dioxide as a catalyst. Concentrating the sunlight sped up reaction rates, but for this chemistry, it also reduced the reaction efficiency. Turchi knew the efficiency results meant the cost would not add up. The team pivoted.

    “We followed the science,” he said. “You’re initially pursuing things based on hope in many cases, but when the data come in, you have to follow the science.”

    This first research result at SERI earned him a reputation as a straight shooter that stayed with him for 35 years as he built a career in CSP and thermal energy science.

    “That scientific integrity is something everyone looks up to,” said Guangdong Zhu, CSP subprogram lead at NREL and Thermal and Hybrid Energy Systems group manager. “As researchers, we should focus on simply assessing the results based on scientific justification. For Craig, this comes naturally. His evaluation is never going to be influenced by any other factors.”

    Turchi now serves as the Thermal Energy Science and Technologies group manager in NREL’s Energy Conversion and Storage Systems (ECaSS) Center, and he led NREL’s CSP subprogram from 2022 until 2024, when he passed the baton to Zhu. He also serves as the partnership director for the Heliostat Consortium, a U.S. Department of Energy consortium led by NREL and Sandia National Laboratories in partnership with the Australian Solar Thermal Research Institute.

    His leadership extends beyond his work at the laboratory. An avid outdoorsman, Turchi is known around NREL for leading paddling trips on Colorado’s and Utah’s scenic rivers. He and his wife, Jeannette, along with their daughter also help run a food bank at their church through Food Bank of the Rockies, where they serve 150–200 people once a month.

    “I find that very fulfilling, and it’s a nice counterpoint to writing reports at a computer to go out and physically do something and see the immediate benefit happening in your community,” he said. “I think it’s very important to give back.”

    Bringing Small Business Experience to Systems Analysis Research

    Turchi returned to NREL in 2008 after working at two small technology companies. Photo by Dennis Schroeder, NREL

    Turchi started working at SERI in 1990 but left in 1996 for a position with a startup that did not fully launch. He then joined a small company called ADA Technologies, where he served as a principal investigator and program leader for 10 years.

    At ADA, Turchi obtained his first patents. He was particularly proud of a product he created to separate amalgam for dental offices. At the time, when dentists placed or removed silver fillings, which are nominally 50% mercury, tiny bits of the filling would get suctioned out and end up in city sewer systems—where the mercury could eventually be released. His system trapped the amalgam bits at the dental office for recycling, keeping mercury from accumulating to harmful levels in bays and estuaries.

    Upon his return to NREL in 2008, he found that his time in the startup world translated well at the laboratory. He had honed his proposal-writing skills when working at ADA. He also brought new experiences when he returned, including an eye for innovation and a keen business sensibility. That outlook, paired with his truth-seeking ethos as an engineer, helped him build a robust research program in CSP systems analysis. The program allowed NREL to fill a niche that had been missing in the industry.

    “NREL started doing a lot of systems analysis,” said Mark Mehos, an emeritus NREL researcher who hired Turchi back to NREL in 2008. “And the U.S. Department of Energy really appreciated the robustness of Craig’s analysis. He was very thorough, he was very honest, and he didn’t hold back. If the analysis seemed to show that this was the right path or the wrong path, Craig didn’t have any qualms about sharing that.”

    CSP is a flexible technology. It can be used to generate electricity, create thermal energy for long-duration energy storage, or create thermal energy for a range of industrial processes that require heat, such as those used in food processing or desalination. That flexibility means there are a lot of factors to consider when analyzing costs, and making an honest assessment is crucial. As early-career researchers joined Turchi’s team, they learned from his rigorous approach to research and analysis.

    “He’s the real CSP guru—Craig keeps things grounded with his practical mindset,” said Judith Vidal, Building Thermal Energy Science group manager. Vidal got her start at NREL as a postdoc for Turchi in CSP. “His advice stuck with me: Always approach things with economic sensibility.”

    Vidal’s research emphasis is no longer in CSP, but those lessons still apply.

    “Since many of our projects are applied research, you always have to keep cost-effectiveness in mind,” she said. “But I also learned from him that sometimes, simply saying ‘This is too expensive’ pushes you to think differently in the lab—to optimize, to explore new directions. It challenges you. This is how Craig shaped me as a young researcher.”

    Craig Turchi received the NREL Chairman’s Award for Outstanding Performance on April 2, 2015. Turchi has won other awards at NREL as well, including one for his strategic guidance on advancing thermal systems research and development in 2015 and one for bringing $10 million in funding to NREL for Generation 3 CSP research in 2018. Photo by Dennis Schroeder, NREL

    Applying a New Power Cycle to CSP

    In addition to his main body of work in systems analysis and related topics, Turchi was looking for brand-new areas of research when he returned to NREL. A power cycle that was becoming popular in nuclear energy circles, but not solar, caught his attention: the supercritical carbon dioxide (CO2) power cycle.

    “There was a renaissance in this power cycle development after a study came out that showed it could be valuable at nuclear power plants,” Turchi said. “It’s a type of power cycle development that had been looked at decades ago, and it kind of got stuck on a back shelf. No one really looked at it.”

    Turchi saw potential for supercritical CO2 power cycles to replace the steam turbines in traditional CSP systems, potentially unlocking greater efficiencies.

    This initial curiosity about supercritical CO2 for CSP has grown into a major path forward for the CSP industry—Generation 3 CSP. In Gen 3 CSP, arrays of mirrors called heliostats concentrate sunlight onto a central receiver to collect and store heat at high temperature (over 700°C). This heat is transferred to supercritical CO2 to generate power in a closed-loop Brayton cycle. Sandia National Laboratories now has a Gen 3 Particle Pilot Plant at its National Solar Thermal Test Facility to study supercritical CO2 as the working fluid in a plant with particle energy storage.

    Turchi won two NREL awards for his work on the supercritical CO2 power cycle for CSP. But nowadays, he is more focused on elevating other researchers’ work.

    “As you progress in your career, you either remain an expert in some area, or in my experience, you broaden out into what the interesting areas are in your field, and you help others develop,” Turchi said. “I think as a group manager, that’s your role. It’s very rewarding when you see those people succeed.”

    Learn more about NREL’s concentrating solar power research.

    MIL OSI USA News

  • MIL-OSI Russia: China to cut reserve requirement by 0.5 percentage points /detailed version-2/

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, May 7 (Xinhua) — China’s central bank on Wednesday announced it would cut its reserve requirement ratio by 0.5 percentage point from May 15.

    The move is expected to provide about 1 trillion yuan (about $138.9 billion) in long-term liquidity, People’s Bank of China Governor Pan Gongsheng said.

    The exception will be financial institutions that already maintain a reserve requirement of 5 percent. The reserve requirement for companies engaged in auto finance and financial leasing will be cut by 5 percentage points, the central bank said in a statement. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: China to cut key rate by 0.1 p.p. /detailed version-1/

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, May 7 (Xinhua) — China’s central bank said on Wednesday it would cut its seven-day reverse repo rate by 0.1 percentage point on Thursday.

    Thus, the interest rate will be reduced to 1.4 percent, the People’s Bank of China said in a statement.

    The move is aimed at more effectively implementing a “moderately soft” monetary policy and strengthening support for the real sector of the economy, the bank said in a statement.

    A reverse repo is a process in which the central bank purchases securities from commercial banks at auction with an agreement to sell them back at a later date.

    On Thursday, interest rates under the standing credit facility (SLF) will also be cut by 0.1 percentage points.

    According to China’s central bank, overnight deposit rates for seven days and one month will be cut to 2.25 percent, 2.4 percent and 2.75 percent, respectively.

    The PBOC’s statement came after its governor Pan Gongsheng told a news conference that the central bank would develop a package of monetary policy measures to strengthen macroeconomic control, including cutting the key interest rate and reserve requirement ratio.

    A 0.1 percent cut in the key policy rate is expected to lead to a 0.1 percentage point reduction in the prime lending rate (LPR), he said. -0-

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Get together for good mental health

    Source: City of Wolverhampton

    The theme this year is ‘community’ and celebrates the communities and networks that help people to thrive and to nurture good mental health.

    Councillor Jasbir Jaspal, the City of Wolverhampton Council’s Cabinet Member for Adults and Wellbeing, said: “Our city has lots of strong and supportive communities. Whether it’s sports, crafts, walking or meeting for coffee, these community groups help us feel connected. They give us a place to belong, support us when things are hard, and give us a sense of purpose.

    “We can all play a part in creating that kind of environment – whether it’s checking on a friend or simply starting a conversation. It’s so important that we create a safe space to talk about mental health with no shame or stigma attached.

    “One way the council will be getting involved is by taking part in ‘Wear It Green’ day on Thursday 15 May. We’ll be lighting up the Civic Centre atrium lights in green to show our support for mental health and that it’s ok to reach out and ask for help.

    “There are also a number of other events taking place across the city this Mental Health Awareness Week, and I would urge everyone to get involved.”

    City libraries offer a range of regular community groups, including:

    • Monday 12 May – Relaxed Reading Group at Wednesfield Library, 5.30pm to 6.30pm
    • Tuesday 13 May – Relaxed Reading Group at Bob Jones Community Hub, 6pm to 7pm
    • Wednesday 14 May – board games at Tettenhall Library, 2.30pm to 4.30pm
    • Thursday 15 May – local history group at Bilston Library, 11am to 12.30pm
    • Thursday 15 May – City Walking Tour starting from Central Library, 2pm to 3pm
    • Friday 16 May – Relaxed Reading Group at Low Hill library, 3.30pm to 4.30pm.

    And Wolves Foundation will be inviting people to meet local mental health services and find out about support available at a special event at North Bank Bar, Molineux Stadium from 3pm to 7pm on Thursday 15 May.

    Meanwhile, people who are having a difficult time or are worried about someone else are being reminded they are not alone – there are lots of options for support:

    • For self-care, the NHS Every Mind Matters website, provides a range of tools and advice on how people can look after their wellbeing and support those around them.
    • People who need someone to talk to are encouraged to call SANE on 0300 304 7000 (4.30pm to 10.30pm), Samaritans on 116 123 (24 hours), Rethink Mental Illness on 0300 5000 927 (Monday to Friday, 9.30am to 4pm) or Mind on 0300 123 3393.
    • Anyone who needs urgent help with their mental health should call NHS 111 and select option 2 to be connected to mental health support, or text 07860 025281.
    • Wolverhampton Sanctuary Hub offers out of hours support. Book a face to face appointment by calling freephone 0808 802 2288, texting 07860 065168 or emailing wolverhamptonsanctuaryhub@rethink.org.
    • NHS Talking Therapies offers brief psychological therapy for people experiencing common mental health problems including anxiety, depression, stress and low mood – visit Wolverhampton Talking Therapies.
    • Hub of Hope offers a wide range of local support in your community – visit Hub of Hope.

    Remember too, that your GP is there to help you with your mental health as well as your physical health.

    MIL OSI United Kingdom

  • MIL-OSI Russia: People’s Bank of China to boost financial support for certain sectors through refinancing

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, May 7 (Xinhua) — The People’s Bank of China (PBOC, the central bank) on Wednesday pledged to step up financial support by refinancing sectors including scientific and technological innovation, service sector consumption and elderly care.

    The PBOC will increase its refinancing quota for scientific and technological innovation and upgrading by 300 billion yuan (about 41.7 billion US dollars), thus bringing it to 800 billion yuan, PBOC Governor Pan Gongsheng said at a press conference.

    The PBOC will set up a 500 billion yuan refinancing mechanism to support consumption in the service and elderly care sectors to help commercial banks strengthen lending support to the sector, Pan Gongsheng said.

    He noted that the PBOC will also increase the refinancing quota by 300 billion yuan to support agriculture and small businesses. -0-

    MIL OSI Russia News