Category: Banking

MIL-OSI Europe: REPORT on the financial activities of the European Investment Bank – annual report 2024 – A10-0112/2025

Source: European Parliament

MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

on the financial activities of the European Investment Bank – annual report 2024

(2024/2053(INI))

The European Parliament,

– having regard to Articles 2 and 3 of the Treaty on European Union,

– having regard to Articles 15, 126, 174, 175, 177, 208, 209, 271, 308 and 309 of the Treaty on the Functioning of the European Union (TFEU) and to Protocol (No 5) on the Statute of the European Investment Bank (EIB),

– having regard to Articles 41 to 43 of the Treaty establishing the European Atomic Energy Community,

– having regard to the EIB Group Activity Report 2024 of 30 January 2025 entitled ‘Priorities for prosperity’,

– having regard to the EIB Investment Report 2024/2025 of 5 March 2025 entitled ‘Innovation, integration and simplification in Europe’,

– having regard to the EIB Group 2024-2027 Strategic Roadmap of 21 June 2024,

– having regard to the EIB Group Operational Plan 2024-2026 of 9 February 2024 and to the EIB Group Operational Plan 2025-2027 of 30 January 2025,

– having regard to the G20 commissioned review of Multilateral Development Banks’ capital adequacy frameworks (the CAF Review),

– having regard to Council Decision (EU) 2025/504 of 11 March 2025 amending Protocol No 5 on the Statute of the European Investment Bank [1],

– having regard to the EIB Board’s decision of 21 March 2025,

– having regard to the EIB Cohesion Orientation 2021-2027 of 13 October 2021,

– having regard to the launch of the EIB’s European Tech Champions Initiative (ETCI) on 13 February 2023,

– having regard to the EIB Group’s third annual report on EIB Group activities in EU cohesion regions of 15 July 2024,

– having regard to the EIB Environmental and Social Standards of 2 February 2022,

– having regard to the EIB Group 2023 Climate Bank Roadmap Progress Report of 25 July 2024,

– having regard to the European Pillar of Social Rights,

– having regard to the ‘Main outcomes from EIB Group analysis and stakeholder consultation’, presented at the EIB seminar on housing on 18 July 2024,

– having regard to the EIB press release of 6 March 2025 entitled ‘European Commission and EIB group lay foundations for a new pan-European investment platform for affordable and sustainable housing’,

– having regard to the letter by EIB President Nadia Calviño to the EU leaders of 4 March 2025,

– having regard to the EIB Group Security and Defence Industry Action Plan presented at the Economic and Financial Affairs Council meeting in Luxembourg on 12 April 2024,

– having regard to the EIB’s updated list of eligibility, excluded activities and excluded sectors of 14 July 2022,

– having regard to the EIB Global Impact Report 2023/2024 of 13 June 2024,

– having regard to the Tripartite Agreement between the European Commission, the European Court of Auditors and the European Investment Bank, signed on 11 November 2021,

– having regard to the EIB Group Complaints Mechanism Procedures of 13 November 2018,

– having regard to the document entitled ‘Diversity, Equity and Inclusion at the EIB Group’ of 14 October 2024,

– having regard to the study of the European Parliamentary Research Service entitled ‘Increasing European added value in an age of global challenges – Mapping the cost of non-Europe (2022-2032)’, published in February 2023,

– having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 1 December 2021 entitled ‘The Global Gateway’ (JOIN(2021)0030),

– having regard to the study by the European Commission published on 11 January 2024 entitled ‘Access to equity financing for European defence SMEs’[2] ,

– having regard to the report of 17 April 2024 by Enrico Letta entitled ‘Much more than a market’,

– having regard to the report of 25 April 2024 by Christian Noyer entitled ‘Developing European capital markets to finance the future’,

– having regard to the report of 9 September 2024 by Mario Draghi entitled ‘The future of European competitiveness’,

– having regard to the report of 30 October 2024 by Sauli Niinistö entitled ‘Safer Together – Strengthening Europe’s Civilian and Military Preparedness and Readiness’,

– having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

– having regard to the Commission communication of 11 February 2025 entitled ‘Commission work programme 2025’ (COM(2025)0045),

– having regard to the Commission communication of 11 February 2025 entitled ‘The road to the next multiannual financial framework’ (COM(2025)0046),

– having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

– having regard to the Commission communication of 26 February 2025 entitled ‘Action Plan for Affordable Energy: Unlocking the true value of our Energy Union to secure affordable, efficient and clean energy for all Europeans’ (COM(2025)0079),

– having regard to the press statement by the President of the Commission, Ursula von der Leyen, on the defence package (Rearm Europe plan) of 4 March 2025,

– having regard to the Commission communication of 19 March 2025 entitled ‘Savings and Investments Union – A Strategy to Foster Citizens’ Wealth and Economic Competitiveness in the EU’ (COM(2025)0124),

– having regard to Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 establishing the Recovery and Resilience Facility [3],

– having regard to Regulation (EU) 2021/523 of the European Parliament and of the Council of 24 March 2021 establishing the InvestEU Programme and amending Regulation (EU) 2015/1017 [4],

– having regard to Regulation (EU) 2021/947 of the European Parliament and of the Council of 9 June 2021 establishing the Neighbourhood, Development and International Cooperation Instrument – Global Europe, amending and repealing Decision No 466/2014/EU of the European Parliament and of the Council and repealing Regulation (EU) 2017/1601 of the European Parliament and of the Council and Council Regulation (EC, Euratom) No 480/2009 [5],

– having regard to Regulation (EU) 2021/1056 of the European Parliament and of the Council of 24 June 2021 establishing the Just Transition Fund [6],

– having regard to Regulation (EU) 2021/1229 of the European Parliament and of the Council of 14 July 2021 on the public sector loan facility under the Just Transition Mechanism [7],

– having regard to Regulation (EU) 2024/795 of the European Parliament and of the Council of 29 February 2024 establishing the Strategic Technologies for Europe Platform [8],

– having regard to the Commission proposal for a regulation of the European Parliament and of the Council of 26 February 2025 amending Regulations (EU) 2015/1017, (EU) 2021/523, (EU) 2021/695 and (EU) 2021/1153 as regards increasing the efficiency of the EU guarantee under Regulation (EU) 2021/523 and simplifying reporting requirements (COM(2025)0084),

– having regard to its resolution of 12 March 2025 on the white paper on the future of European defence [9],

– having regard to Rule 55 of its Rules of Procedure,

– having regard to the opinion of the Committee on Budgets,

– having regard to the report of the Committee on Economic and Monetary Affairs (A10-0112/2025),

A. whereas the EIB Group includes the EIB and the European Investment Fund (EIF); whereas the EIB, entirely owned by the Member States, is the largest multilateral financial institution in the world, operating in international capital markets and offering competitive terms to clients on favourable conditions in order to contribute to the achievement of the EU’s objectives and support EU policies and projects both within and outside the EU, in accordance with Article 309 TFEU; whereas the EIF is owned by the EIB (59.8 %), by the EU (29.7 %) and by financial institutions (10.5 %) from the Member States, the United Kingdom and Türkiye;

B. whereas the EIB Group has a balance sheet of close to EUR 600 billion; whereas the EIB Group states that its total investment reached a record level of EUR 88.8 billion in 2024, of which EUR 50.7 billion related to climate and the environment, EUR 16.2 billion to SMEs and mid-caps, EUR 14.4 billion to digitalisation and technological innovation and EUR 1 billion to enhancing Europe’s security and defence; whereas the EIB’s gearing ratio has been increased to 290 %, providing additional room for the EIB to invest and support the achievement of the EU’s objectives and support EU policies; whereas the EIB Group’s total investment is expected to increase to EUR 95 billion in 2025;

C. whereas the EIB maintains solid financial fundamentals and has a ‘triple A’ rating, a cornerstone of its financial credibility and lending capacity, which is essential to preserve investor confidence and ensure low borrowing costs;

D. whereas the EIB supports EU policies and projects and is the main implementing partner to leverage the mandates and guarantees of the EU’s budget and thus to mobilise large-scale public and private investment; whereas the EIB states that approximately 90 % of its annual investment is committed to projects within the EU and 10 % deployed in investments outside the EU;

E. whereas the EIF, as part of the EIB Group, is an entity specialised in supporting the EU’s policy objectives, including in the areas of entrepreneurship, job creation and economic cohesion, and plays a key role in supporting small and medium-sized enterprises (SMEs) by enhancing their access to financial markets, from venture capital to micro-finance; highlights the fact that the EIB Group supports companies at all stages of development;

F. whereas as of June 2024, InvestEU is estimated to have mobilised around EUR 280 billion in additional investments, of which EUR 201 billion originated from the private sector; whereas the InvestEU envelope is almost depleted;

G. whereas the latest reports on the future of the EU call for the EU’s competitiveness and productivity to be strengthened, emphasise the vital role of market integration and underscore the need to accelerate both public and private investment to build a stronger, more secure, autonomous and fair Europe;

H. whereas the Draghi report on European competitiveness assesses the combined additional investment needs in Europe at EUR 750-800 billion per year by 2030; whereas the EIB Group plays a crucial role in helping bridge the gap both through its own lending capacity and by ‘crowding in’ private capital to finance these investment needs;

I. whereas according to the Draghi report, EU companies spend less on research and innovation (R&I) than their US counterparts and Europe persistently fails to translate R&I into commercialisation, particularly in sectors like biotech, artificial intelligence and renewable energy, in the context of the EU’s lack of scale and incomplete single market, banking union and capital markets union; whereas the Draghi report highlights a 30 % EU-US productivity gap in 2023 and points to Europe’s missing out on the digital revolution – driven by the internet and the associated productivity gains – as a key factor, noting that only four of the world’s top 50 tech companies are European;

J. whereas the Letta report estimates that EUR 300 billion of European savings are not invested in Europe, but mainly in the United States, due to the lack of an integrated capital markets union (CMU); whereas the President of the European Central Bank estimates that companies in the EU could raise approximately an additional EUR 470 billion a year in funding from the capital markets if the CMU were completed [10]; whereas the European Parliamentary Research Service estimates the potential benefits of a more fully integrated and more effectively regulated EU financial market of up to EUR 159 billion per year in the long run as well as the benefit of further progress in the integration of the EU banking sector of up to EUR 114 billion per year;

K. whereas the EIB’s operations should contribute to achieving climate neutrality by 2050 at the latest, in line with the Paris Agreement and the UN Sustainable Development Goals (SDGs), and support the implementation of the European Pillar of Social Rights; whereas the EIB has branded itself the EU’s climate bank in view of the investments needed to deliver the fair green transition; whereas the Commission estimates that the EU needs to increase its annual investments in energy, industrial innovation and scale-up, and transport systems by around EUR 480 billion compared to the previous decade [11];

L. whereas in the light of the current geopolitical context, the development of the European defence technological and industrial base plays an increasingly important role within the internal market; whereas the Commission’s white paper on the future of European defence identifies that an additional EUR 800 billion investment is needed in the defence sector over a four-year period; whereas the EIB announced that it would double its funding for security and defence from EUR 1 billion in 2024 to EUR 2 billion in 2025, while safeguarding its ‘triple A’ credit rating status;

M. whereas housing prices in the EU rose by an average of 48 % between 2015 and 2023, and the housing crisis affects nearly all of Europe, increasingly impacting the middle class and not just the most vulnerable; whereas EIB data indicates a yearly need to build 1.5 million new homes and renovate five million more, requiring EUR 300-400 billion in annual investment; whereas the housing sector is of general interest but faces reduced public investment, which makes continued EIB investment crucial for this sector; whereas the EIB’s new action plan envisages investment of EUR 10 billion over the next two years;

N. whereas the EIB Global lending arm, which was launched in 2022, is of key importance in terms of Europe’s position in the world; whereas EIB Global is expected to facilitate at least one third of the EUR 300 billion in investment that the Global Gateway sets out to generate by the end of 2027;

O. whereas Parliament has repeatedly called for the conclusion of an interinstitutional agreement between Parliament and the EIB; whereas Parliament has signed agreements with various EU bodies; whereas Parliament and the EIB share a long history of intensive cooperation, including (non-)legislative interactions and dialogue;

General remarks

1. Appreciates the EIB’s readiness to adapt to changing EU policy requirements, while respecting its long-term objectives; welcomes the EIB Group 2024-2027 Strategic Roadmap, which reflects the EU’s political priorities; points out that the eight priority areas set out in the strategic roadmap are: the EIB’s role as the climate bank, digitalisation and deployment of new technologies, security and defence industry, modern cohesion policy, agriculture and the bioeconomy, Europe’s social infrastructure, high impact investments outside the EU, and the capital markets union;

2. Highlights the strong call for the EIB to play an even greater role in closing Europe’s investment gap, which Mario Draghi estimated at EUR 800 billion, of which EUR 450 billion is needed for the energy transition alone; calls on the Commission and the EIB to fully leverage the EIB’s potential to provide financial support for the EU’s common priorities and to fulfil its crucial role in driving the necessary investment for fair and inclusive sustainable growth, while maximising innovation gains in key EU policy areas; calls for the EIB Group’s contribution to be further strengthened in the next multiannual financial framework (MFF), particularly through financial instruments and budgetary guarantees that have proven highly effective in advancing key EU policy objectives; urges the Member States to provide sufficient funding for this purpose by assigning mandates to the EIB and through a possible capital increase, thus enabling the EIB to mobilise investments that truly meet pan-European needs and strengthen the EU’s relevance as a global player; recalls that the new Commission has set itself the goal of being an ‘investment Commission’;

3. Stresses that the EIB’s ‘triple A’ rating is essential and a key asset that must be maintained; urges all relevant actors to protect and guarantee this rating when adapting the EIB’s lending policy and mandate; underlines that the rating is based, among other factors, on its solid capital position, excellent asset quality and performance, the creditworthiness of the Member States as its ultimate guarantors, and the fact that the EIB has been responsive to EU policy objectives; notes that, with a solid ‘triple A’ rating and a strong risk management framework, the EIB Group has the financial strength required to steadily increase its annual investments; highlights the fact that the EIB’s rating and financial position also allow it to ensure favourable financing conditions in funding public interest projects compared to private commercial banks, ensuring certainty and cost effectiveness, and allow it to absorb potential fluctuations in returns, retain investor confidence and contain borrowing costs; underlines that the EIB should further leverage its privileged status to take greater risks in funding European public goods and strategic investments; takes note of the decision of the EIB Board of Governors to increase the EIB’s gearing ratio limit from 250 % to 290 %; stresses that the EIB should adequately calibrate its intervention to ensure that it does not crowd out private investment;

4. Notes that the EIB investment volume relative to GDP among European countries ranges from 0.1 %[12] to 1.4 % for 2024; calls on the EIB Group to ensure a more balanced geographical distribution of investments aiming to maximise its impact across all EU regions to promote cohesive and inclusive growth throughout the EU, with particular attention on under-represented and less developed areas; calls on the EIB to keep focusing on investment plans aimed at closing the gap between the more developed EU regions and island areas, inland areas, the outermost regions, economically depressed areas and all areas of the EU at a disadvantage owing to natural factors;

5. Stresses the need to simplify, streamline, optimise and consolidate current and future EIB processes and mandates to enhance synergies, effectiveness and efficiency; suggests the development and introduction of a single rule book, with a uniform set of financial rules, to function as a unified framework across multiple EU programmes and simplify implementation for partners, which will contribute to enhancing the EIB’s operations;

6. Stresses the importance of reducing the administrative burden and reporting costs as well as simplifying procedures for EIB-financed projects, in particular for SMEs and smaller-scale innovation-driven initiatives; underlines that a more streamlined process could increase the EIB’s impact and responsiveness; welcomes, in this regard, the establishment of one-stop shops to offer coordinated financial support and technical guidance;

7. Acknowledges the EIB’s commitment to reforms to shorten time-to-market, with a target of a 30 % reduction by the end of 2024 and a 50 % reduction over the 2024-2026 period; notes that the implementation of these reforms is being accelerated to reduce bureaucracy, enhance synergies within the Group, to automate and streamline internal procedures and improve cost efficiency; calls on the Commission and the EIB to further assess how to speed up the EIB’s time-to-market as well as to simplify financing mandates without compromising auditing standards or transparency; calls on the EIB to intensify its efforts in the digitalisation of its operations;

Closing the investment gap and fostering competitiveness

8. Emphasises the important role of the EIB Group as a pan-European and international investment body in mobilising both public and private financing for EU priorities and supporting Member States in financing essential and strategic investments and EU policy goals;

9. Recalls, however, that the EIB’s operations are by nature limited and can only play a supporting role in addressing the significant investment gap; reiterates that a more integrated economic and monetary union and strengthened economic architecture and effective coordination would support the EIB’s operations; calls, therefore, for swift and substantial progress regarding the capital markets union, particularly through concrete steps on the recently launched savings and investments union, the completion of the banking union, as well as, where appropriate, the establishment of EU-level investment instruments and tools designed to minimise the cost for EU taxpayers and maximise efficiency in the provision of European public goods;

10. Affirms that more integrated capital markets and a deeper single market are also essential foundations for the EIB’s operations; welcomes the EIB’s strategic roadmap, which places the capital markets union high on its agenda; considers that a adequately completed savings and investments union will bring benefits to consumers and SMEs alike by providing high-yield investment opportunities in the real economy, and will ultimately strengthen the venture capital market, which is considered riskier than other forms of investment, by facilitating access to more diversified funding sources; emphasises that relevant European public actors should contribute to the savings and investments union and welcomes the EIB’s willingness to launch pilot projects and other concrete initiatives in this area;

11. Calls on the Commission and the EIB Group to enhance efforts to deliver on the agenda for the Competitiveness Compass and the savings and investments union by mobilising private capital for productive investments, supporting innovation throughout companies’ life cycles, venture capital financing and more high-risk equity financing for start-ups and scale-ups; underlines that higher-risk instruments such as equity and venture debt must be used with clear risk frameworks and measurable performance indicators; encourages the EIB to expand financing for women-owned businesses;

12. Recognises the central role of SMEs, as the backbone of the European economy, in driving economic growth, fostering innovation, creating employment and promoting territorial cohesion; recalls, in this regard, that the EU’s 24 million SMEs account for 99 % of all businesses, provide around two-thirds of all jobs and generate over 50 % of the total value added that is produced by EU businesses; underlines that supporting SMEs is a key objective for the EIB Group and that greater access to credit, the creation of tailored financial instruments, and targeted investments in SMEs can have a widespread positive impact by contributing to the Union’s economic resilience, the competitiveness of local production chains, and the digital and sustainable transitions in regional economies;

13. Encourages the EIB to maintain and strengthen its role in facilitating access to finance for SMEs and start-ups, which frequently encounter obstacles when seeking funding from traditional financial institutions, providing targeted financing to ensure sufficient resources to grow and prosper; points out that SMEs continue to face challenges owing to high interest rates and raw materials and energy costs;

14. Welcomes the EIF’s role in financing start-ups and scale-ups in Europe, including through its activities in the European venture capital market; stresses that EIF instruments must remain easily accessible for smaller applicants, and calls on the EIF to streamline its application procedures accordingly; calls for an increase in the budget of the EIF dedicated to the EU venture capital ecosystem, in line with the Draghi report recommendation; calls also for the introduction of first-loss guarantees and convertible instruments targeted at start-ups and scale-ups;

15. Highlights the role of the EIB Group as a major contributor to developing the European venture capital and private equity ecosystem, but notes that further work is needed to support European innovation to provide start-ups with more opportunities to scale up and access funding throughout their life cycle; notes that, although a share of private investment already flows through venture capital funds, it remains insufficient and is unevenly distributed across Member States; underlines that a capital markets union could help address this imbalance and improve access to finance across Member States;

16. Stresses that de-risking instruments and budgetary guarantees provided by the EU have proven to be powerful tools; considers that de-risking should continue effectively, particularly for investments in innovative and strategic sectors; is concerned that, according to the interim evaluation of the InvestEU programme, envelopes for many financial products may run out by the end of 2025 without budgetary reinforcements; welcomes, in this regard, the Commission’s proposal of 26 February 2025 to provide additional funding to InvestEU; calls for a balanced geographical distribution of financing under InvestEU, particularly with respect to smaller Member States;

17. Recalls that EU budgetary guarantees are underpinned by taxpayer funds and that defaults on EIB-backed projects could directly impact the EU budget;

18. Welcomes the continued expansion of the EIB’s network of European promotional banks and other international financial institutions to help to further leverage public and private investment, and to ensure broad geographical and sectoral coverage; recalls that InvestEU is 75 % implemented by the EIB; calls for the financial instrument component of the Competitiveness Fund to make use of the expertise of national promotional banks and institutions (NPBIs), particularly their knowledge of local and regional actors; in that context, calls for the blending of instruments between the EIB and NPBIs to be explored further, ensuring that such instruments do not compromise the funds already dedicated to NPBIs;

19. Asks the EIB to increase its concessional loans to local and national financial intermediaries, including to credit guarantee consortia, microfinance institutions, ethical banks and collective guarantee structures working to facilitate access to credit for SMEs, with a particular focus on rural areas, inland and island areas, the outermost regions, and areas undergoing economic and environmental transitions;

Consolidating the EIB’s role as the EU’s climate bank

20. Acknowledges the EIB’s role as a climate bank and its alignment with the EU sustainable finance framework, including the integration, where applicable, of taxonomy criteria [13], supporting the transition by providing financing in sustainable and clean technologies and backing the Union’s efforts to decarbonise the EU economy; recalls that the EIB’s financial flows must be consistent with the EU’s goal of climate neutrality by 2050 and climate objectives for 2030; notes that all corporate clients of EIB financing are contractually required to publish a credible Paris alignment strategy (‘decarbonisation plans’)[14];

21. Welcomes the EIB’s climate and environmental investments, which totalled EUR 50.7 billion in 2024, exceeding the target of channelling at least 50 % of total financing into climate action and environmental sustainability; calls on the EIB to uphold its high level of ambition, while emphasising that this commitment enhances the Union’s competitiveness, energy security and industrial resilience;

22. Recalls that the green transition must be inclusive, fair and competitive, and that green investments must be viable; expects the EIB, therefore, to leverage its lending, financial instruments, technical assistance and advisory services to support citizens and businesses that face socio-economic challenges deriving from their efforts to achieve climate neutrality by 2050; stresses the need to support industrial restructuring, workforce reskilling, and the creation of new employment opportunities in affected regions; invites the EIB to support projects delivering affordable access to renewable energy, housing and public services, community-led initiatives and small projects with a particular focus on fighting energy poverty as a priority;

23. Welcomes the EIB’s investments in renewable energy, energy efficiency, interconnectors, and electricity grids and storage, including its support for REPowerEU; underlines the importance of focusing on projects with high economic impact and measurable climate benefits; calls on the EIB to play a role in mobilising private capital for grid investments in support of lower energy prices; acknowledges, in particular, the increased investment in emerging technologies for industrial electrification and decarbonisation, recognising their role in supporting the transition to climate neutrality by reducing emissions from hard-to-abate industrial sectors, while expressing concern about their potential impact on the water supply in certain regions;

24. Stresses the importance of addressing high energy costs in the EU to enhance the competitiveness of European companies; points out that a stable energy supply at competitive prices is one of the foundations of a successful industrial policy; calls on the EIB Group to especially support SMEs facing energy-related cost pressures, including through targeted financing and advisory services to improve energy efficiency and resilience; calls on the EIB to continue to support energy-intensive industries, in order to ensure that this highly strategic sector is in a position to successfully manage the energy transition;

25. Notes that, in a world full of uncertainty, investments should be focused on the EU’s preparedness to face shocks; stresses the need for increased investment in climate adaptation and resilience; encourages further research and development, including of innovative technologies, for climate preparedness; calls for access to finance for SMEs in innovative green technologies to be enhanced; recalls that clean technology strengthens EU sovereignty and is essential for competitiveness, yet faces even greater funding challenges due to the green premium compared to incumbent technologies; highlights the Draghi report’s call for more public guarantee and counter-guarantee schemes to cover the investment risks of clean technology manufacturing projects;

26. Recalls that the EIB was the first issuer of green bonds and is now the largest multi-currency issuer of green bonds; welcomes the fact that on 2 April 2025 the EIB issued its first Climate Awareness Bond aligned with the EU Green Bond Standard Regulation [15]; highlights the key role of the EIB in developing the green-bond market, providing financing solutions to sustainable companies; calls on the Commission and the EIB Group to maintain the EU’s leadership in green and digital bonds;

27. Recalls the EIB’s commitment to the Convention on Biological Diversity and the post-2020 Global Biodiversity Framework and supports the EIB’s investments in biodiversity protection and the preservation of natural resources; welcomes the EIB and European Environment Agency agreement to deepen their collaboration on biodiversity and climate actions; emphasises that, in order to achieve the long-term benefits of restoration, conservation and protection of biodiversity and nature, attractive financing schemes should be made available to potential beneficiaries to engage in such practices on a voluntary basis;

Financing peace, security and defence

28. Welcomes the EIB’s proactive approach in the area of security and defence; highlights the fact that investment in this sector doubled in 2024 to EUR 1 billion, with the EIB’s 2025 plan set to double it again to a record EUR 2 billion; stresses that greater EIB investment in the defence sector can encourage commercial banks’ investment in the sector; notes, however, that these amounts represent less than 1.1 % of EIB investments for 2024 (EUR 88.8 billion), and 2.2 % of its financing objectives for 2025 (EUR 95 billion) and emphasises that they can only play a complementary role in addressing the estimated EUR 33.6 billion to EUR 48 billion in new financing required by 2030 for defence companies to meet the increase in orders expected under the ReArm Europe / Readiness 2030 plan; stresses that European-level funding is essential to meet the significant funding needs of Member States; underlines that any future structural European defence funding must be designed with clear conditions set and strong oversight, drawing on lessons learned from existing instruments;

29. Supports the EIB’s continued and strengthened role in bolstering Europe’s security through targeted investments in both defence and civilian infrastructure, and stresses the need to concentrate strategic investments in projects delivering European added value and in dual-use technologies that contribute to both civilian and defence objectives, in line with the EU’s overarching goals of fostering innovation and enhancing the Union’s security and resilience; stresses that effective defence innovation depends on close collaboration between academia, research institutions and private industry, and encourages the EIB to act as a catalyst in structuring long-term public-private partnerships through targeted financial instruments;

30. Welcomes the EIB’s plan to revise its operational framework, establishing a dedicated transversal public policy goal to enhance Europe’s peace and security, backed by ambitious financial and capital allocation [16]; supports, therefore, the EIB Board decision of 21 March 2025 to integrate the EIB’s 2022 Strategic European Security Initiative (SESI) into a permanent, cross-cutting public policy objective, complementing the existing public policy goals; underlines, however, that any activities in the field of defence must be subject to appropriate financial parameters, regular risk assessment and transparent oversight and must be accompanied by strong risk management procedures;

31. Welcomes the joint initiative of the Commission and the EIB Group to set up, via its subsidiary EIF, a fund of funds called the Defence Equity Facility, with a budget of EUR 175 million between 2024 and 2027, to support private investment in European SMEs developing innovative dual-use defence technologies, and to help address the equity financing needs of companies in the EU’s defence technological and industrial base, estimated at between EUR 6.8 billion and EUR 20 billion by 2030, to meet the increase in orders anticipated under the ReArm Europe / Readiness 2030 plan;

32. Acknowledges the EIB Board decision of 21 March 2025 to broaden the EIB Group’s eligibility criteria for security and defence investments, limiting excluded activities, in accordance with the proposals approved by EU leaders at the European Council on 6 March 2025, as well as the approval of the EIB Group Security and Defence Action Plan in May 2024, aimed at enhancing support for the EU’s security and defence industry; notes that, under that plan, the EIB Group provides financing to SMEs and innovative start-ups operating in the security and defence sector in line with the dual-use principle, maintaining the requirement of ‘credible civil use’ while discontinuing the revenue test;

33. Takes note of the EIB Board decision of 21 March 2025 that there will be no fixed ceiling for security and defence investments, with funding amounts to be determined annually in the EIB Group Operational Plan; asks the EIB to clarify the potential implications of that decision for other policy areas and the overall operations of the EIB;

34. Suggests that the EIB should continuously reflect on and evaluate its role, as well as the scope of eligible investments, in contributing to Europe’s peace and security as outlined in the Commission’s white paper on the future of European defence, particularly in the light of the pressing need to scale up the European defence sector and ensure long-term security and strategic autonomy; warns that any adjustment to the EIB Group’s eligibility criteria or funding to align with new priorities must safeguard the Group’s financial position and ensure effective financing of other strategic EU priorities;

Addressing challenges in social infrastructure, cohesion policy and housing

35. Welcomes the EIB’s core strategic priorities to reinforce Europe’s social infrastructure and a modern cohesion policy for inclusive and sustainable growth across Europe; appreciates that in its Cohesion Orientation 2021-2027, the EIB committed to dedicating at least 40 % of its total financing in the EU between 2022 and 2024 to projects in cohesion regions, and that in 2024, such financing accounted for 48 % of total EU lending; calls on the EIB to continue to support infrastructure development, including investments in railways, healthcare and social infrastructure, which are crucial for social and economic cohesion, resilience and inclusive growth; underlines that, amid the geopolitical and economic uncertainties, the EIB can provide long-term solutions to address the cost of living crisis;

36. Highlights the crucial role of skills development in driving long-term sustainable growth, employment and competitiveness in the EU; underlines that financing initiatives aimed at boosting human capital not only foster innovation and productivity and address labour market needs, but also strengthen social cohesion and economic resilience; calls on the EIB to step up investments in education, training, upskilling and reskilling, and health, in close coordination and cooperation with Member State initiatives in those areas, aiming to complement and enhance their impact;

37. Welcomes the EIB’s commitment to addressing the challenge of the double market failure in the housing sector, including the insufficient provision of affordable and energy-efficient housing, as well as the market failure to increase the energy efficiency of the existing housing stock; notes the differences between Member States in both policies and the magnitude of the aforementioned market failures;

38. Welcomes the EIB’s ‘Action Plan for Affordable and Sustainable Housing’ with planned investments of EUR 10 billion over the next two years; draws attention to the outcome of the EIB Group analysis and stakeholder meeting, which highlighted an estimated annual public and private investment gap of EUR 300 billion to 400 billion needed to build 1.5 million new housing units and to renovate 5 million additional units annually; encourages the EIB to mobilise even more funding for affordable housing projects throughout the Member States; invites the EIB to focus on sustainable urban development by ensuring that the EU’s housing and infrastructure needs are met for a stronger, sustainable, more cohesive and prosperous Europe, including investments in recovering existing infrastructure, with a focus on supporting urban regeneration projects and projects converting old or abandoned buildings into modern social housing;

39. Calls on the EIB to take into account the differentiated burden of housing costs on different income groups and family structures, especially as some low-income groups are at risk of marginalisation; encourages the EIB to collaborate with other European public investment banks, local public financial institutions, local governments, and cooperative and social housing companies to finance housing solutions for vulnerable and low-income groups; welcomes the EIB’s intention to increase its focus on R&I in the area of housing;

40. Calls on the EIB to scale up financial support through the deployment of standardised off-the-shelf financial products in energy and building renovation; highlights the fact that the EIB’s ‘originate-to-distribute’ model, channelling the savings of institutional investors, is an innovative model that could contribute to the integration of EU capital markets;

41. Welcomes the EIB’s intention to expand financial and advisory support for affordable housing, especially for younger generations; encourages close synergy and exchange with the Commission, municipalities and local authorities, cooperative housing providers, housing associations and the construction sector, exchanging best practice and promoting pan-European cooperation; invites the EIB to support projects delivering affordable access to renewable energy, housing and public services, community-led initiatives and small projects with a particular focus on fighting energy poverty;

42. Welcomes the EIB Group’s inclusion of agriculture and bioeconomy among its key priorities; underlines that agriculture is a key driver of growth and development in rural areas and that enhancing support and fostering innovation for this vital sector play a significant role in ensuring food security; highlights the financial challenges faced by farmers, particularly young farmers, noting that farmers and enterprises in this sector experience lower success rates when applying for financing; calls on the EIB Group to increase its involvement in the agricultural sector by improving access to funding;

43. Calls on the EIB to intensify its efforts to promote youth employment, particularly by supporting projects and programmes that foster youth entrepreneurship, access to employment, vocational training and innovation, in order to contribute to fairer and more inclusive territorial development and to help curb brain drain, especially in the EU’s island regions and economically disadvantaged areas;

Promoting the digital transformation and new technologies

44. Calls on the EIB to strengthen financing for the EU’s open strategic autonomy in the digital field and to promote research, support the development of European digital infrastructure, foster new and disruptive technologies such as AI and quantum computing, and enable the growth of digital start-ups; underlines the importance of bridging digital divides, both within the EU and globally, to ensure inclusive access to digital infrastructure and services; highlights the importance of aligning EIB digital investments with EU strategic priorities such as the Digital Decade targets, including connectivity, digital skills and the digital transformation of businesses;

45. Supports the EIF’s expansion of the European Tech Champions Initiative (ETCI) to attract private capital to scale up innovative start-ups into successful global leaders, ensuring that European-founded companies and technologies remain in the EU through the late growth stage; highlights the need for the deployment of the current ETCI to be accelerated in order to keep up with the pace of innovation and start-ups; calls, furthermore, for the successful experience of the ETCI to be built on to develop other similar initiatives to continue supporting the digital transition and other strategic sectors, and encourages the EIF to explore setting up a second generation of this initiative as well as to explore the possibility of investing in funds of funds;

46. Underlines that institutional investors in Europe could play a bigger role in supporting venture capital, especially for scale-ups; urges the EIB Group therefore to create an European Tech Forum, bringing together the venture capital ecosystem, to engage institutional investors following the model of the Tibi initiative [17]; calls on the EIB to offer opportunities for such investors to build their expertise and opt in to co-investment schemes between the EIF and institutional investors, on transparent and pre-agreed terms;

47. Highlights the fact that the Clean Industrial Deal aims to develop a TechEU programme with the EIB; stresses the importance of ensuring that this fund has a specific allocation target for start-ups and scale-ups;

48. Calls on the EIB to support the strengthening of cybersecurity capabilities in the EU, in order to make Europe more resilient while enhancing existing cooperation between the Member States and in order to protect critical entities and essential services;

49. Highlights the fact that the security of supply of critical raw materials (CRMs) is crucial for the green and digital transitions, the defence sector and the EU industrial base in general; recalls the role played by the EIB in the EU Raw Materials Alliance and the Union’s aim of becoming more autonomous as regards the CRM supply; emphasises the importance of a circular economy approach to CRMs, in order to reduce the EU’s dependence on non-EU countries and boost its strategic autonomy; calls, therefore, on the EIB to invest more in the CRM sector to enhance resilience in raw materials with a particular focus on the recycling of secondary raw materials;

50. Calls on the EIB to support the technological transformation of European companies, as well as the development of digital skills among employees and entrepreneurs;

EIB neighbourhood and Global Gateway

51. Welcomes the EIB’s vital support for Ukraine in the light of Russia’s full-scale, unjustified and illegal war of aggression; calls for an increase in EU budget guarantees to allow the EIB to continue to deliver and strengthen public and private sector operations in Ukraine, supporting Ukraine’s immediate economic challenges, but also envisaging the reconstruction of the country over the medium to long term;

52. Emphasises that, to decrease dependence on non-EU countries, the deployment of resilient European-controlled infrastructure, among others in the domains of satellite communications, energy and logistics, is essential;

53. Stresses the important role that the EIB plays in supporting Members States and countries outside the EU, particularly candidate countries, in obtaining access to risk capital markets, thus expanding investment opportunities;

54. Stresses that, as part of the EU’s external action toolbox, the Global Gateway is crucial for Europe’s global position and aims to promote the rules-based multilateral system, sustainable development, democracy, human rights, gender equality and the rule of law; welcomes the EIB’s role, as the EU’s leading development bank, in this regard; recalls the importance of predictable guarantees from the EU budget to enable the EIB to continue delivering operations outside the EU;

55. Calls for enhanced transparency and disclosure practices in line with other multinational development banks, along with the establishment of an independent complaints mechanism that can effectively address and remedy grievances; underlines the need for effective mechanisms to ensure the participation of, and accountability to, communities affected by EIB-financed projects to ensure that Global Gateway projects are responsive to local needs, are gender-sensitive and deliver meaningful developmental results; emphasises the importance of public participation, in particular in the EIB’s planning, appraisal and monitoring processes for CRMs, including the Free Prior Informed Consent (FPIC) of Indigenous communities, as provided for in the UN Declaration on the Rights of Indigenous Peoples;

56. Reiterates its call for EIB Global to focus blending operations on areas where they can add value to the local economy while avoiding the crowding out of private capital and to ensure that blended finance is not used for essential public services, particularly health, education and social protection; recalls that EU development policy goals, and in particular the goal of enhancing affordable access to healthcare, should guide EIB investments in the field, to ensure better health outcomes for all, and in particular for women;

57. Expects the EIB’s global activities to also respond swiftly to evolving realities and urgent needs; highlights the gap in development aid financing resulting from the US aid freeze and the reduction of funding towards the Global South; calls for concrete initiatives to prevent humanitarian or health crises, to support pan-African trade, infrastructure and regional integration, and strengthen ties with Europe; welcomes EIB Global’s intention to scale up higher-risk operations, enabled by the mandate of the Development and International Cooperation Instrument – Global Europe (NDICI-Global Europe);

58. Expresses concern over reports that some EU-funded projects outside the EU, including under the Global Gateway, are being built by Chinese companies, with Chinese firms at times winning more EIB-funded contracts than EU firms; urges the Commission to ensure a level playing field by working with the EIB to boost European company participation; recommends procurement practices that prioritise best price/quality ratio over lowest price to promote fair competition and align with EU values;

59. Welcomes the efforts of the EIB, together with nine other multilateral development banks, to strengthen their collaboration in advancing progress towards the SDGs; calls on the EIB to continue cooperating with other bilateral and multilateral institutions to develop and apply common methodologies for development impact analysis, with a view to ensuring long-term positive impacts and added value;

60. Welcomes the EIB’s announcement to step up support for sectors such as water supplies, small businesses, renewable energy and energy efficiency, as well as to further reinforce partnerships within Europe and globally, including with private actors, to deliver maximum impact on the ground;

Governance: accountability and transparency

61. Stresses that the EIB’s growing role should be accompanied by greater democratic accountability and transparency; including more timely publication of project-related documents; reiterates its call for an interinstitutional agreement between Parliament and the EIB to formalise and enhance their existing cooperation, including through regular structured dialogue, improved Parliament access to EIB documents and data, and the possibility for Parliament to submit questions for written answers to the EIB, as already provided for the European Central Bank; in this context, asks the EIB to provide Parliament with a clear, simplified overview of EU budget contributions to its balance sheet, off-balance sheet, and profit and loss account;

62. Highlights the importance of the EIB ensuring full transparency and traceability of projects funded, including more detailed information, to enable proper oversight by all relevant stakeholders, including civil society organisations, rather than solely by the ministries responsible; recalls that all recipients of EU funding have a general obligation to acknowledge its origin and ensure the visibility of any EU funding received; calls on the EIB Group to ensure that the final recipients comply with the visibility conditions of the EU’s financial support;

63. Invites the EIB to boost the participation of European companies in procurement processes launched for projects financed by the EIB; encourages the EIB to advise borrowers to prioritise eligibility of European companies in order to strengthen European competitiveness;

64. Underlines the importance of the EIB Group’s upholding the highest standards in preventing all forms of fraud, tax evasion, tax avoidance, money laundering and the financing of terrorism; notes that safeguarding the integrity of the EIB Group’s financing is essential to ensure public trust and the effective use of resources; takes note of the inquiries completed by the European Ombudsman and ongoing investigations by the European Public Prosecutor’s Office and the European Anti-Fraud Office, and expects full clarity and appropriate follow-up, including any necessary consequences;

65. Reiterates its call for the EIB to consider aligning the division of labour within the Management Committee with recommendations from EU institutions, to help mitigate potential conflicts of interest;

66. Welcomes the 2024 framework for the recognition of trade unions at the European Investment Bank;

67. Welcomes the EIB’s principles of diversity, equity and inclusion, including the target of at least 40 % of management positions being held by women by the end of 2026; calls for a geographically balanced representation of EU nationalities among staff;

68. Highlights the need to strengthen the EIB’s human rights policies, including the establishment of a clear and effective human rights due diligence framework and strategy; stresses that environmental and social impact assessments should be carried out by independent experts, and that independent verification mechanisms should be introduced to oversee the self-monitoring and self-reporting conducted by EIB clients;

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69. Instructs its President to forward this resolution to the Council, the Commission and the European Investment Bank.

MIL OSI Europe News –

June 26, 2025
MIL-OSI Europe: REPORT containing a motion for a non-legislative resolution on the draft Council decision on the conclusion of the Enhanced Partnership and Cooperation Agreement between the European Union and its Member States, of the one part, and the Kyrgyz Republic, of the other part – A10-0111/2025

Source: European Parliament

MOTION FOR A EUROPEAN PARLIAMENT NON-LEGISLATIVE RESOLUTION

on the draft Council decision on the conclusion of the Enhanced Partnership and Cooperation Agreement between the European Union and its Member States, of the one part, and the Kyrgyz Republic, of the other part

(10724/22 – C10‑0057/2024 – 2022/0184M(NLE))

The European Parliament,

– having regard to the draft Council decision on the conclusion of the Enhanced Partnership and Cooperation Agreement between the European Union and its Member States, of the one part, and the Kyrgyz Republic, of the other part (10724/22),

– having regard to the request for consent submitted by the Council on 27 June 2024 in accordance with Articles 207 and 209, in conjunction with Article 218(6), second subparagraph, point (a), and Article 218(7) of the Treaty on the Functioning of the European Union (C10‑0057/2024),

– having regard to the Enhanced Partnership and Cooperation Agreement between the European Union and its Member States, of the one part, and the Kyrgyz Republic, of the other part [1] (EPCA),

– having regard to the Joint Roadmap for Deepening Ties between the EU and Central Asia of 23 October 2023,

– having regard to the joint communication by the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 15 May 2019 entitled ‘The EU and Central Asia: New Opportunities for a Stronger Partnership’ (JOIN(2019)0009),

– having regard to the Commission’s assessment reports on the EU’s Generalised Scheme of Preferences Plus (GSP+) with Kyrgyzstan,

– having regard to the first EU-Central Asia summit on 4 April 2025,

– having regard to the 11th High-Level Political and Security Dialogue between the European Union and the countries of Central Asia, held in Brussels on 5 June 2024,

– having regard to the joint press statement of the President of the Kyrgyz Republic, Sadyr Zhaparov, and the then President of the European Council, Charles Michel, published on 3 June 2023,

– having regard to the 14th Human Rights Dialogue, held in Bishkek on 25 June 2024,

– having regard to the 19th meeting of the EU-Kyrgyzstan Cooperation Council, held in Brussels on 15 November 2022,

– having regard to the opinions of the Venice Commission on recent legal amendments abridging the freedom of the press and hampering the work of non-governmental organisations in Kyrgyzstan,

– having regard to reports on Kyrgyzstan published by human rights organisations, such as the 2022, 2023 and 2024 annual world reports by Human Rights Watch,

– having regard to the International Partnership for Human Rights (IPHR) briefing on the protection of fundamental freedoms and civic space in Kyrgyzstan, published in February 2025,

– having regard to its resolution of 17 January 2024 on the EU strategy on Central Asia [2],

– having regard to its previous resolutions on Kyrgyzstan, notably that of 19 December 2024 on the human rights situation in Kyrgyzstan, in particular the case of Temirlan Sultanbekov [3],

– having regard to the visit of the delegation of its Subcommittee on Human Rights to Kyrgyzstan from 25 to27 February 2025,

– having regard to the statement by the UN High Commissioner for Human Rights, Volker Türk, following his official visit to Kyrgyzstan from 19 to 20 March 2025,

– having regard to the International Covenant on Civil and Political Rights,

– having regard to its legislative resolution of […] on the draft Council decision on the conclusion of the Enhanced Partnership and Cooperation Agreement between the European Union and its Member States, of the one part, and the Kyrgyz Republic, of the other part,

– having regard to Rule 107(2) of its Rules of Procedure,

– having regard to the report of the Committee on Foreign Affairs (A10-0111/2025),

A. whereas Kyrgyzstan occupies an important position in Central Asia, a region of increasing geopolitical significance that the EU has recognised as a key partner with which it engaged in structured dialogue at the first EU-Central Asia summit;

B. whereas the EU and Kyrgyzstan have been partners since the country gained independence in 1991, and have established a comprehensive legal framework for their cooperation through the EU-Kyrgyzstan Partnership and Cooperation Agreement, signed in 1999;

C. whereas the EU and Kyrgyzstan have recently agreed to deepen their partnership by signing an Enhanced Partnership and Cooperation Agreement (EPCA), which represents a modern and ambitious framework for strengthening dialogue and cooperation in key areas such as trade and investment, sustainable development and connectivity, research and innovation, education, the environment and climate change, as well as the rule of law, human rights and civil society;

D. whereas the EPCA could also facilitate stronger cooperation on foreign and security policy, including conflict prevention and crisis management, risk reduction, cybersecurity, regional stability, disarmament, non-proliferation, arms control and arms export control;

E. whereas the EPCA, which enhances the existing Partnership and Cooperation Agreement of 1999, was signed on 25 June 2024; whereas the EPCA requires Parliament’s consent for it to enter into force;

F. whereas Kyrgyzstan has benefited from unilateral and preferential access to the EU market through the Generalised Scheme of Preferences Plus (GSP+) since 2016; whereas Kyrgyzstan has acceded to 27 international conventions related to labour and human rights, environmental and climate protection, and good governance in order to be able to benefit from this scheme;

G. whereas the EU has allocated EUR 98 million to support governance and digital transformation, human development and a green and climate-resilient economy in Kyrgyzstan over the 2021-2027 period, aligning with the National Development Strategy of the Kyrgyz Republic;

H. whereas the EU has allocated EUR 12 million to enhance the quality of legislation and increase the efficiency, independence, professionalism and capacities of the judiciary and services of the justice sector in Kyrgyzstan, thereby signalling its willingness to invest in stable growth that is consistent with the rule of law; whereas concerns over the independence of the judiciary persist, with politically motivated cases that target individuals critical of the government; whereas the 2021 reform of the Criminal Code of the Kyrgyz Republic has reintroduced the heavily criticised 1997 version of the Code, which gives greater power to law enforcement while reducing citizens’ rights;

I. whereas the EPCA stipulates that the EU and Kyrgyzstan shall cooperate to strengthen civil society and its role in the economic, social and political development of an open democratic society;

J. whereas Kyrgyzstan ranks 100th in the 2025 Global Terrorism Index of the Institute for Economics and Peace, and has been classified as a country with ‘no impact’ of terrorism;

K. whereas, despite the Government of Kyrgyzstan repeatedly expressing its commitment to the principles of democracy and respect for human rights and the rule of law, human rights organisations have called attention to democratic backsliding and hardening authoritarian practices and persecution of civil society organisations in Kyrgyzstan in recent years, including during the negotiation of the EPCA and since its signing, with Transparency International and Freedom House finding that Kyrgyzstan has turned from a bastion of democracy with a vibrant civil society to a consolidated authoritarian regime that uses its justice system to target critics and whose authorities further undermine the balance of power and the system of checks and balances;

L. whereas Kyrgyzstan ranks 146 out of 180 countries in Transparency International’s 2024 Corruption Perceptions Index; whereas, at President Japarov’s initiative, the law on public procurement was amended to allow state-owned enterprises to circumvent tendering procedures; whereas there is no proper oversight of public spending due to a lack of access to such information; whereas state funds and national resources are used by the ruling elites to consolidate their power, silence dissent and resist reform;

M. whereas human rights defender, investigative journalist and founder of the Temirov Live media outlet, Bolot Temirov, has been stripped of his Kyrgyz citizenship and forced to leave the country in retaliation for his work investigating widespread corruption; whereas at least 11 of his colleagues were arrested in January 2024, including Makhabat Tajibek kyzy, Azamat Ishenbekov, Aike Beishekeyeva and Aktilek Kaparov;

N. whereas in March 2025, independent journalist and activist Kanyshai Mamyrkulova was arrested and remains in detention in retaliation for her social media posts critical of the government;

O. whereas Kyrgyz Government propaganda has used false narratives to discredit independent media in the eyes of society and to portray them as ‘enemies of the people’ and ‘slaves of the West’;

P. whereas in recent years, democratic standards and human rights have deteriorated alarmingly in Kyrgyzstan; whereas Kyrgyzstan has fallen from 72nd to 144th place in the Reporters Without Borders World Press Freedom Index; whereas it ranks as the country that has had the sharpest decline in press freedom leading up to 2025;

Q. whereas the Kyrgyz authorities seek to shut down Aprel TV; whereas, as stated by the Committee to Protect Journalists, the prosecutors’ filing indicates that the authorities seek to shut down the media outlet on the basis of allegations that the outlet’s critical reporting portrays the authorities ‘in an unfavourable light’ and ‘undermines the authority of the government’;

R. whereas Parliament expressed its concern about the persecution of opposition parties and independent media in its resolutions of 13 July 2023 [4] and of 19 December 2024; whereas the persecution of members of the Social Democrats party (SDK) persists, despite repeated calls to ensure free and fair elections; whereas the leader of the SDK, Temirlan Sultanbekov, and two other members, Irina Karamushkina and Roza Turksever, remain in detention; whereas there is cause for concern about Temirlan Sultanbekov’s medical condition following his prolonged hunger strike;

S. whereas the Russian-style ‘foreign representatives’ law, adopted by the Kyrgyz Parliament in March 2024, which requires non-profits that receive funding from abroad and engage in broadly defined political activity to register as ‘foreign representatives’, discriminates against and stigmatises journalists, human rights activists and other non-profit workers and subjects them to intrusive oversight, burdensome reporting requirements and excessive fines; whereas this law mimics repressive legislation in other authoritarian regimes and can be considered a precursor to further attempts to suppress independent civil society and media;

T. whereas the crackdown on human rights has targeted LGBTIQ+ people in particular; whereas Kyrgyzstan’s new legislative landscape, along with the broader political shift and repression, has effectively decimated the work of LGBTIQ+ rights organisations and activists, with key organisations completely shut down; whereas on 14 August 2023, Kyrgyzstan enacted discriminatory provisions against the LGBTIQ+ community under the pretext of protecting minors from ‘harmful information’; whereas the anti-discrimination bill recently considered by the Kyrgyzstan Supreme Council failed to include sexual orientation and gender identity as protected categories;

U. whereas the law adopted on 6 October 2023 giving the President of Kyrgyzstan the power to overturn rulings of the Constitutional Court if they conflict with his own interpretation of ‘moral values’ fundamentally weakens the separation of powers – a foundational element of the rule of law – and constitutes a hollowing out of judicial independence in Kyrgyzstan;

V. whereas Kyrgyzstan is increasingly investing in the promotion of gender equality and women’s empowerment, particularly through key national frameworks such as the National Strategy on Gender Equality until 2030; whereas Kyrgyzstan still faces high rates of domestic violence, over 20 % of marriages in Kyrgyzstan occur through ‘ala kachuu’ (bride kidnapping) and women hold only 22 % of parliamentary seats despite existing gender quotas; whereas, on average, women earn 25 % less than men, as they are predominantly employed in low-paying sectors such as education, healthcare and social services;

W. whereas the Kyrgyz authorities have engaged in actions that limit freedom of speech in the country and have arrested, put in long pre-trial detention or imprisoned journalists, bloggers, poets and regular social media users for criticising the country’s leadership or the situation in the country, and have also closed down an award-winning investigative media outlet;

X. whereas Kyrgyzstan ratified the UN Convention on the Rights of Persons with Disabilities in 2014; whereas tentative steps have been taken towards improving accessibility for persons with disabilities and introducing the concept of inclusive education, though challenges remain, in particular concerning the institutionalisation of persons with disabilities;

Y. whereas the law on ‘false information’, enacted on 24 August 2021, has been used to target independent media and individuals critical of the government; whereas on 10 April 2025, the Supreme Council of Kyrgyzstan approved amendments to the law that provide for administrative sanctions for the dissemination of ‘false information’ on social media;

Z. whereas the Supreme Council of Kyrgyzstan is currently considering the re-criminalisation of the possession of ‘extremist’ materials, which has previously been misused against peaceful religious practitioners, and which, on account of the bill’s vague wording, could be used to silence legitimate political speech;

AA. whereas two new laws on freedom of religion came into force on 1 January 2025; whereas these laws maintain the ban on all unregistered exercise of freedom of religion or belief and make it impossible for communities with fewer than 500 adult members to gain legal status;

AB. whereas the negligence of the Kyrgyz law enforcement authorities in response to a campaign of intimidation and harassment has forced journalists and human rights workers to flee the country;

AC. whereas the Kyrgyz authorities have silenced, arrested, detained and extradited refugees fleeing Russia for protesting against the war in Ukraine, contravening Kyrgyzstan’s obligation under the UN Convention Relating to the Status of Refugees not to return people to countries where their life or freedom is under threat on account of their political views, or where there are substantial grounds for believing that they would be in danger of being subjected to serious human rights violations such as torture or other forms of cruel, inhumane or degrading treatment or punishment;

AD. whereas the Presidents of Kyrgyzstan and Tajikistan signed a border demarcation agreement on 13 March 2025, which legally recognises the borders between the two countries and allows for the development of interstate roads and energy infrastructure, contributing to regional stability and opportunities for enhanced cross-border cooperation on energy, transport and trade; whereas the border agreement itself has not been made public or open to public consultations;

AE. whereas the leaders of Kyrgyzstan, Tajikistan and Uzbekistan signed the Khujand Declaration of Eternal Friendship on 31 March 2025;

AF. whereas the UN High Commissioner for Human Rights, Volker Türk, has drawn attention to the concerning signs of democratic backsliding in Kyrgyzstan in recent years, with particular emphasis on the increasing restrictions on civil society and independent journalism;

AG. whereas Central Asia has yet to create horizontal regional frameworks free from the dominance of external actors pursuing their own geopolitical gains;

AH. whereas Kyrgyzstan has historically close and intertwined relations with Russia, with both being members of the Eurasian Economic Union, the Collective Security Treaty Organization and the Commonwealth of Independent States; whereas in October 2023, Kyrgyz President Sadyr Japarov hosted Russian President Vladimir Putin in Bishkek during Putin’s first foreign trip since the International Criminal Court issued an arrest warrant against him; whereas Kyrgyzstan, along with other Central Asian countries, has become a transit point for circumventing sanctions imposed on Russia for its war of aggression against Ukraine; whereas exports of advanced technology and dual-use items to Kyrgyzstan – which are then exported to Russia – have significantly increased; whereas Kyrgyzstan has either abstained from voting or sided with Russia on votes on numerous UN resolutions on human rights and, in particular, on Russia’s war of aggression against Ukraine;

AI. whereas OJSC Keremet Bank, based in Kyrgyzstan, was involved in a sanctions evasion scheme with Russian state-owned defence bank Promsvyazbank Public Joint-Stock Company (PSB), where it facilitated cross-border transfers on behalf of PSB; whereas in 2024, the Kyrgyz Ministry of Finance sold a controlling stake in Keremet Bank to a Russian oligarch with ties to the Russian Government; whereas the United States has imposed sanctions on Keremet Bank;

EU-Kyrgyzstan EPCA

1. Despite the shared interests in strengthening the EU-Kyrgyzstan important political and trade relations, is concerned by the deteriorating situation of human rights, democracy and the rule of law in Kyrgyzstan, particularly in the context of the completion of negotiations and the signing of the EPCA; calls on the Kyrgyz authorities, in this context, to respect and uphold fundamental freedoms, in particular media freedom and freedom of expression, and to foster an environment of cooperation and involvement of civil society and local communities in public consultations and decision-making processes; underlines the importance of Parliament’s close involvement in monitoring the implementation of all parts of the EPCA; calls for an effective evaluation by both parties to the agreement, to be conducted within three years, of the implementation of its essential elements, with clear human rights benchmarks and time frames; calls on the Commission to present to Parliament the outcome of such evaluations; expects that, given the recent backsliding on these fronts and ahead of the EPCA vote in the European Parliament and its subsequent implementation, the Kyrgyz Government will take some concrete steps towards addressing the pressing concerns outlined in this report, such as releasing political prisoners and repealing recently adopted repressive legislation; considers that a negative assessment of the implementation of these essential elements could lead to Article 316 of the EPCA being triggered;

EU-Kyrgyzstan relations

2. Welcomes the long-standing and strategic relations between the EU and Kyrgyzstan, as well as the increasing cooperation and exchanges; recalls that Kyrgyzstan is the EU’s third-largest trading partner in Central Asia; reiterates its commitment to work together with the country and with its partners in Central Asia to ensure peace, security, stability, prosperity, democracy and sustainable development;

3. Welcomes the outcomes of the first EU-Central Asia summit held in Samarkand on 4 April 2025; welcomes their commitment to regional and global stability, to the promotion and protection of the rule of law, human rights and fundamental freedoms, and to addressing climate action, connectivity and education; notes also the 20th EU-Central Asia Ministerial meeting held in Ashgabat on 27 March 2025;

4. Highlights the need for cooperation in promoting green initiatives based on a sustainable market economy, private sector innovation, and long-term environmental stewardship, early warning systems for natural disasters, low-carbon development and the transition to renewable energy sources; highlights Kyrgyzstan’s initiatives to promote the mountain agenda on global platforms, including the preservation of mountain ecosystems, the protection of the environment and the development of sustainable tourism and mountain communities; stresses that investments in Kyrgyzstan’s green energy goals would significantly contribute to reducing the country’s regional energy dependence and to tackling environmental challenges; commends the Kyrgyz Republic’s involvement in the Team Europe Initiative on Water, Energy and Climate Change;

5. Supports Kyrgyzstan’s efforts towards sustainable development, aligning its initiatives with the country’s National Development strategy for 2018-2040, alongside the EU’s Global Gateway strategy and the EU strategy for Central Asia; recalls that the EU-Kyrgyzpartnership prioritises governance and digital transformation in order to enhance transparency and efficiency in public administration;

6. Welcomes Team Europe initiatives seeking to build a green and climate-resilient economy in order to address environmental challenges and promote sustainable growth; highlights the recent signing of the agreement between the Kyrgyz Ministry of Finance and the European Bank for Reconstruction and Development, which will strengthen the Kyrgyz Climate-Resilient Water Services Programme;

7. Calls on the Commission and the European External Action Service (EEAS) to continue promoting joint cooperation initiatives in strategic areas such as energy infrastructure, in particular the hydropower sector, sustainable development and culture, while also building on the positive experiences of the Member States already active in the region;

8. Highlights the importance of enhancing cooperation on critical raw materials, which have been identified as strategically important for ensuring secure, sustainable and diversified supply chains; takes note of the endorsement of the EU-Central Asia Joint Declaration of Intent on Critical Raw Materials at the first EU-Central Asia summit, and of Kyrgyzstan’s proposal to establish a partnership with the EU for the development of critical raw materials;

9. Notes that the Erasmus+ programme has been instrumental in facilitating academic exchanges; welcomes the EU’s support for digitalisation and education in the country, and calls for the creation of a programme for the exchange of entrepreneurs in the field of digital transformation and the green transition; stresses the importance of fostering convergence and coordinated reforms in higher education, such as by aligning the Kyrgyz National Qualifications Framework with the European Qualifications Framework; highlights the need to foster academic and cultural exchanges between Kyrgyzstan and the EU Member States and the active involvement of Kyrgyz young people in non-formal education and civil society programmes; underlines the importance of strengthening academic and vocational exchanges, building on the 2024 education agreement;

10. Welcomes the EU’s increased support for young people, gender equality and human rights in Kyrgyzstan, with the aim of empowering youth and women’s organisations, strengthening the country’s Ombudsman’s Office and enhancing the capabilities of its National Centre for the Prevention of Torture; expresses serious concern about attempts to dissolve the National Centre for the Prevention of Torture;

11. Recalls that the EU has already allocated EUR 12 million to support the reform of Kyrgyzstan’s judicial system, confirming the EU’s commitment to the country’s institutional development; stresses the importance of continuing to invest in institution building, transparency and the independence of the judiciary;

12. Expresses its concern, in view of the widespread corruption in Kyrgyzstan, about the transparent and efficient use of the EUR 98 million in EU assistance for the 2021-2027 period; calls on the Kyrgyz authorities to publish detailed reports on the use of EU funds and to strengthen cooperation with international anti-fraud bodies, such as the European Anti-Fraud Office (OLAF), in order to uphold global fund management standards and implement robust anti-fraud measures that protect the EU’s financial interests; calls on the Commission and other relevant EU institutions to ensure the highest possible level of oversight of the use of EU funds and to consider allocating additional resources to strengthen the financial and operational capacity of Kyrgyz agencies involved in their management;

13. Stresses the importance of enhanced information exchange on terrorist threats, full compliance with international counterterrorism financing standards and the implementation of robust measures to prevent the acquisition, transfer and use of chemical, biological, radiological and nuclear materials for terrorist purposes;

14. Underlines the importance of engaging all relevant stakeholders, facilitating cooperation between competent agencies and bringing national laws in line with international transparency standards in order to investigate financial crimes and promote good corporate governance; urges the Kyrgyz authorities to step up their efforts in eradicating corruption and not to use the fight against it as an excuse for cracking down on civil society and government critics;

15. Calls on the Kyrgyz Republic to review its technical regulations and strengthen collaboration on standards, metrology, market surveillance, accreditation and conformity assessment procedures to facilitate mutual market access, deepen bilateral trade with the EU and ensure fair treatment of investors; urges Kyrgyzstan to avoid restrictive measures that could disadvantage EU investors;

Regional cooperation and global challenges

16. Considers Central Asia to be a region of strategic interest for the EU in terms of security, connectivity, energy diversification, conflict resolution and the defence of the multilateral, rules-based international order, especially in a historical moment marked by profound geopolitical change; encourages the EU to intensify its engagement with Central Asia on political, economic and security matters in line with the values of democracy, human rights and the rule of law that underpin EU external action; highlights that any further EU cooperation with Central Asian countries cannot be achieved at the expense of these values; emphasises the need for increased dialogue and collaboration on foreign and security policy issues, including cybersecurity, regional stability, crisis management, disarmament and arms control, in line with the principles of international law and the UN Charter;

17. Underlines that the EU and Central Asia are facing profound global and regional geopolitical shifts and challenges; stresses, in this regard, the need to work towards long-term, structured and mutually beneficial cooperation on matters of common interest; strongly encourages the EU to intensify its engagement with Central Asia, given the region’s geostrategic importance, and to promote a strategic partnership with Central Asian countries by expanding cooperation at political and economic level; welcomes the increased high-level contact between the EU and Central Asia;

18. Highlights the growing momentous challenges to multilateralism and a rules-based order for both the EU and the Kyrgyz Republic, such as Russia’s illegal war of aggression against Ukraine; notes, with concern, the neutral stance of Kyrgyzstan and other countries in the region towards the conflict, and encourages the Kyrgyz authorities to uphold international norms and contribute to regional efforts to safeguard sovereignty and territorial integrity; notes Russia’s influence in the region despite efforts by Central Asian countries to diversify their foreign relations; regrets that Kyrgyzstan has not condemned Russia’s illegal invasion of Ukraine;

19. Deplores the active role of Kyrgyz companies and banks, such as Keremet Bank, in helping Russia to evade sanctions and obtain technology and dual-use goods for its war effort against Ukraine; urges the Kyrgyz authorities to take further measures to stop the transit of sanctioned goods to Russia through Kyrgyz territory, such as enforcing stricter licensing requirements and conducting due diligence on companies involved in the trade of dual-use goods; highlights that failure to address the export of dual-use technologies could lead to secondary sanctions; calls on the Commission to assess the current level of sanctions evasion by Russia with the help of actors in Central Asian countries, and to propose concrete solutions for addressing this; recommends the establishment of a working group focused on monitoring and tracking the trade of dual-use goods;

20. Regrets that, despite its stated commitment to respect democratic principles, the rule of law, human rights and fundamental freedoms, as agreed in the Partnership and Cooperation Agreement with the EU, Kyrgyzstan does not align its positions with those of democratic countries, in particular the EU Member States, when voting at the UN General Assembly;

21. Deplores the fact that the Turkish Cypriot secessionist entity was granted observer status by the Organization of Turkic States (OTS) and was present at the OTS summit in Bishkek; reiterates that, as part of the Joint Declaration following the first EU-Central Asia summit in Samarkand, the Central Asian states, including the Kyrgyz Republic, are committed to the relevant UN Security Council Resolutions – 541 (1983) and 550 (1984);

22. Recognises the need to strengthen relations to foster deeper, closer and values-based cooperation in facing common threats and achieving shared goals worldwide;

23. Welcomes initiatives aimed at strengthening the Trans-Caspian Transport Corridor and takes note of the Coordination Platform for the Corridor;

24. Highlights the EU’s role as an important donor of aid to the region; stresses the need to increase the EU’s efforts in its support for development cooperation in Central Asia, in particular in Kyrgyzstan under the newly signed EPCA;

25. Welcomes the border agreement reached between Kyrgyzstan and Tajikistan and its recent ratification; urges both parties to take the necessary steps to implement the agreement, including by triggering consultations with the local populations, and to adopt measures to strengthen cross-border cooperation and support the border communities that have been hit hardest by the recent cross-border conflict; welcomes the EU’s financial support for the construction of facilities in the Sughd region of Tajikistan, which borders Kyrgyzstan; calls on the Kyrgyz authorities to investigate the serious crimes, documented by independent observers, that took place during the September 2022 armed conflict and to hold those responsible to account;

26. Welcomes the first trilateral summit bringing together Kyrgyzstan, Tajikistan and Uzbekistan without mediation by external actors; welcomes Central Asian aspirations to strengthen their regional ties and set up a horizontal cooperation architecture in the region without the assertive involvement of external powers;

Human rights, democracy and the rule of law

27. Stresses that respect for human rights, democracy and the rule of law strengthens stability, sustainable development and security, as they establish legal certainty, predictability and strong institutions; recalls that strong democratic legal frameworks and institutions foster innovation, trade, investments and economic expansion, while ensuring inclusive development and equal access to social and economic rights, and reducing social inequalities, and are indispensable in building resilient societies capable of resisting authoritarian influence and external destabilisation;

28. Encourages Kyrgyzstan to enact comprehensive anti-discrimination legislation that includes sexual orientation, gender, disability and ethnicity as protected categories; stresses that the protection of minorities in Kyrgyzstan requires a multifaceted strategy that addresses the root causes of discrimination, including existing obstacles in accessing justice;

29. Welcomes the legislative acts to enhance protection against domestic, sexual and gender-based violence; calls on the Kyrgyz Government to ensure that the law is consistently enforced and perpetrators are formally charged with the relevant crimes, and to maintain efforts towards eliminating gender-based and domestic violence;

30. Is concerned about the entry into force of new legislation restricting freedom of religion or belief in Kyrgyzstan, as it increases state surveillance and control over religious groups by creating a state registry for religious entities and buildings, introduces fines for wearing certain religious attire, such as the niqab, in state institutions and public places, and increases oversight of religious education; calls on the Kyrgyz authorities to ensure freedom of religion or belief is protected in the country, in line with international human rights standards and commitments under the Universal Declaration of Human Rights and the International Covenant on Civil and Political Rights;

31. Encourages the Kyrgyz Government to develop a national action plan for human rights with the involvement of civil society, in line with the recommendations made by the UN High Commissioner for Human Rights;

32. Calls on the Kyrgyz Government to unconditionally release all wrongfully imprisoned or detained journalists, bloggers and activists, including Kanyshai Mamyrkulova and those affiliated with Temirov Live, such as Makhabat Tajibek kyzy, and Aike Beishekeyeva and Aktilek Kaparov, and to drop all charges against them, as well as to restore Bolot Temirov’s citizenship and refrain from other unlawful practices; condemns the sentencing in October 2024 of journalists Azamat Ishenbekov and Makhabat Tajibek kyzy, from the Temirov Live platform known for its investigations into corruption, to five and six years in prison respectively; highlights the opinion of the UN Working Group on Arbitrary Detention recognising the detention of Temirov Live’s journalists as arbitrary; welcomes the pardoning of journalist and Temirov Live employee Azamat Ishenbekov, and of activist Zarina Torokulova, who were convicted on charges of ‘inciting mass unrest’;

33. Urges the Kyrgyz Government to ensure adherence to the principles of free and fair elections by safeguarding the rights to contest and campaign, while maintaining administrative neutrality towards all political parties throughout the current election cycle, in line with international standards; strongly condemns the Kyrgyz Government’s campaign of intimidation and legal persecution against opposition parties, particularly the SDK, which was removed by the Kyrgyz authorities from the November 2024 local elections in Bishkek; notes that discussions on electoral reform have taken place in the Kyrgyz Parliament;

34. Strongly deplores the detention of Temirlan Sultanbekov, Irina Karamushkina and Roza Turksever on 13 November 2024, and calls on the Kyrgyz Government to urgently end their politically motivated prosecution by dropping all restrictions imposed on their respective sentences; condemns the fact that the proceedings against them have been marred by dubious practices, a lack of legal protections since the start and the violation of their right to due process; recalls that an audio recording of unknown origin, serving as the primary evidence and lacking judicial authorisation, is what initiated the investigation; laments that their trials have been held in a closed-door format without any audio or video recordings; denounces the fact that the conditions for their release on probation are disproportionate and violate their right to participate in public affairs;

35. Urges the Kyrgyz Government to refrain from pursuing politically motivated prosecutions or exerting undue pressure on political opposition and dissenting voices, such as the SDK; emphasises that political pluralism is a necessary component of any modern democracy and must be respected to maintain long-term legitimacy and stability;

36. Urges the Kyrgyz authorities to ensure the right to peaceful assembly by lifting the ban on protests in Bishkek city centre, which was initiated in response to a request from the Russian embassy to end anti-war protests outside its premises in 2022;

37. Welcomes the acquittal of Klara Sooronkulova, Gulnara Dzhurabayeva, Asya Sasykbayeva and other members of the Committee for the Protection of the Kempir-Abad Water Reservoir; urges the Kyrgyz Government to drop its appeal of the decision of the court of first instance, and bring the politically motivated prosecution to an end;

38. Strongly condemns, and urges the Kyrgyz authorities to end, the recent crackdown on civil society and to foster an environment of cooperation, with the involvement of civil society and local communities in public consultations and decision-making processes; deplores, in particular, the politically motivated detention of human rights activist Rita Karasartova, and calls for her urgent release; deplores further the seizure of the house of imprisoned human rights activist Kanyshai Mamyrkulova; expresses its admiration for Kyrgyz civil society and independent media which, despite the persecution and at great personal risk, remains one of the most vibrant civil societies in Central Asia;

39. Calls on the EU Member States and the EU institutions to support Kyrgyz civil society organisations, human rights defenders and lawyers, LGBTIQ+ and environmental activists, independent media and bloggers, to express their grave concern over the deterioration of human rights in the country in all their exchanges with the authorities of Kyrgyzstan, and to reassess the country’s GSP+ benefits and adopt appropriate measures, including sanctions under the EU’s global human rights sanctions regime (‘EU Magnitsky Act’) as a last resort, if Kyrgyzstan continues to disregard its commitments to international conventions;

40. Deplores several recent cases of individuals critical of the Kyrgyz Government living outside of Kyrgyzstan facing the threat of extradition to Kyrgyzstan, where they risk politically motivated arrest, imprisonment and torture in retaliation for their criticism; denounces the case of exiled activist Tilekmat Kurenov who was recently extradited from the United Arab Emirates to Kyrgyzstan, where he had previously been subjected to politically motivated imprisonment, torture and threats because of his activism;

41. Urges the Kyrgyz Government to revoke the Russian-style ‘foreign representatives’ law, which severely impairs the ability of civil society to carry out legitimate public interest work and operate without undue interference and harassment while ensuring a safe working environment, and which contradicts Kyrgyzstan’s international obligations under the International Covenant on Civil and Political Rights and its commitments as an EU partner under the EPCA; urges the Commission to ensure that the EU’s programmes and initiatives are not compromised by the proposed laws, which may limit freedom of expression and curtail the activities of non-governmental organisations;

42. Urges Kyrgyzstan to respect and protect media freedom and pluralism, which are fundamental conditions for democracy, refraining from forcibly closing independent media outlets, as in the case of Kloop, or levelling unsubstantiated allegations against them due to their investigative and critical reporting; calls on the Kyrgyz authorities to allow independent media professionals to carry out their work, to guarantee journalists and reporters will not face retaliatory persecution for their professional activities, including investigative journalism, and to provide adequate protection to reporters that might be harassed for their reporting; calls on the Commission and the EU Member States to ensure the continued operation of the Kyrgyz Radio Free Europe/Radio Liberty service;

43. Calls on the EEAS and the EU Delegation in Kyrgyzstan to conduct active public diplomacy and address false narratives spread by the Kyrgyz authorities, in particular those that misrepresent EU values and policies with the aim of discrediting independent media and civil society; urges EU and Member State diplomats in Kyrgyzstan to attend politically motivated trials and to provide support to the unjustly persecuted individuals and their families;

44. Condemns the Kyrgyz authorities’ attempts to shut down Aprel TV by revoking its broadcasting license and terminating its social media operations on the basis of an investigation by Kyrgyzstan’s State Committee for National Security; laments these actions in a context of shuttering media outlets on illegitimate grounds;

45. Expresses concern about the re-criminalisation of libel and insult laws and calls on the Kyrgyz Government not to abuse these provisions to target journalists and legitimate political opposition; invites the authorities to review this legislation in accordance with the Venice Commission’s recommendations;

46. Urges the Kyrgyz authorities to revoke the law on ‘false information’ and the law prohibiting ‘LGBT propaganda’, which contravene Kyrgyzstan’s obligations under international law and have been systematically used to silence critical voices, including journalists and civil society actors; calls on the Kyrgyz authorities to ensure that the mass media law is fully in line with international standards and does not result in violations of the freedoms of media or expression;

47. Calls on the Kyrgyz Government to protect journalists, non-governmental organisation workers and activists from intimidation and harassment, including those facing death threats and other threats to their safety while in prison, and calls on the EU Delegation to closely monitor such threats and report regularly on the situation of at-risk individuals; deplores the government raids, blocking of news sites and prosecution of journalists and bloggers; condemns the court’s closure of the organisation behind the Kloop investigative platform over its alleged ‘negative’ coverage; regrets President Japarov’s call for the Kyrgyz Radio Free Europe/Radio Liberty to be shut down, accusing the Kyrgyz service of spreading misinformation;

48. Urges the Kyrgyz Government to refrain from criminalising the possession of ‘extremist’ materials, as human rights watchdogs have warned that this could lead to the further deterioration of freedom of speech in Kyrgyzstan, given the potential for abuse of the law, and to maintain clear legal safeguards to prevent the misuse of laws that penalise public incitements of extremist activity; urges Kyrgyzstan’s Supreme Council to uphold the right to freedom of expression and recalls that countering ‘false information’ cannot lead to a crackdown on independent media, the opposition and others critical of the government;

49. Urges the Kyrgyz Government to strengthen the rule of law, separation of powers and the independence of the judiciary in line with international standards, to establish processes to measure judicial performance, improve public oversight and increase transparency within the judiciary, and to enhance the engagement of the judiciary with civil society and other branches of government; calls on the Kyrgyz authorities to step up their efforts in guaranteeing equal access to justice, the right to a fair trial and the fulfilment of the right to due process;

50. Is concerned by the high number of pre-trial detention cases, which has been highlighted by the Kyrgyz Ombudsperson Dzhamilia Dzhamanbaeva, and echoes the Ombudsperson’s call on Kyrgyz law enforcement and judiciary bodies to adhere to international standards, including the UN Standard Minimum Rules for Non-Custodial Measures;

51. Notes the penitentiary system reforms carried out in recent years, mainly comprising the development of probation, the digitalisation of different processes and the introduction of alternative preventive measures; regrets, however, cases of mistreatment of prisoners and encourages the Kyrgyz authorities to take all necessary steps to ensure that prisoners do not experience inhuman or degrading treatment or conditions, and receive adequate healthcare in safe and secure conditions;

52. Underlines the need to develop new legislation in the field of administrative law and justice, including the reform of public administration and alternative dispute resolution, and to strengthen the professional capacities of public administration and judiciary representatives, which could be partly achieved by adopting e-governance systems;

53. Asks the Kyrgyz authorities to uphold the independence of the legal profession and ensure that lawyers are not subjected to interference or harassment as a result of fulfilling their professional duties, including the defence of their clients in politically sensitive cases;

54. Commends Kyrgyzstan’s participation in the Central Asia Rule of Law Programme, which supported national efforts to prevent and fight corruption and money laundering, and raised awareness about human rights standards among legal professionals, among other matters;

55. Notes the return of the controversial Land Code to the Kyrgyz Parliament by President Japarov, following public protests against it;

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56. Instructs its President to forward this resolution to the Council, the Commission and the governments and parliaments of the Member States and of the Kyrgyz Republic.

MIL OSI Europe News –

June 26, 2025
MIL-OSI Europe: REPORT on European technological sovereignty and digital infrastructure – A10-0107/2025

Source: European Parliament

MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

on European technological sovereignty and digital infrastructure

(2025/2007(INI))

The European Parliament,

– having regard to the Treaty on the Functioning of the European Union (TFEU), in particular Articles 173, 179 and 190 thereof,

– having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

– having regard to the Commission communication of 11 February 2025 entitled ‘Commission work programme 2025: Moving forward together: A Bolder, Simpler, Faster Union’ (COM(2025)0045),

– having regard to Regulation (EU) 2023/1781 of the European Parliament and of the Council of 13 September 2023 establishing a framework of measures for strengthening Europe’s semiconductor ecosystem [1] (the Chips Act),

– having regard to Directive (EU) 2022/2555 of the European Parliament and of the Council of 14 December 2022 on measures for a high common level of cybersecurity across the Union [2] (NIS 2 Directive),

– having regard to the detailed report by the European Union Agency for Cybersecurity (ENISA) entitled ‘Foresight Cybersecurity Threats For 2030 – Update 2024’, published in March 2024,

– having regard to Regulation (EU) 2024/2847 of the European Parliament and of the Council of 23 October 2024 on horizontal cybersecurity requirements for products with digital elements [3] (the Cyber Resilience Act),

– having regard to Regulation (EU) 2019/881 of the European Parliament and of the Council of 17 April 2019 on ENISA (the European Union Agency for Cybersecurity) and on information and communications technology cybersecurity certification and repealing Regulation (EU) No 526/2013 [4] (the Cybersecurity Act),

– having regard to Regulation (EU) 2025/38 of the European Parliament and of the Council of 19 December 2024 laying down measures to strengthen solidarity and capacities in the Union to detect, prepare for and respond to cyber threats and incidents [5] (the Cyber Solidarity Act),

– having regard to Regulation (EU) 2025/37 of the European Parliament and of the Council of 19 December 2024 amending Regulation (EU) 2019/881 as regards managed security services [6],

– having regard to the Commission White Paper of 21 February 2024 entitled ‘How to master Europe’s digital infrastructure needs?’ (COM(2024)0081),

– having regard to Mario Draghi’s report of 9 September 2024 entitled ‘The future of European competitiveness’,

– having regard to Enrico Letta’s report of 17 April 2024 entitled ‘Much more than a market’,

– having regard to the Commission communication of 2 July 2024 entitled ‘State of the Digital Decade 2024’ (COM(2024)0260),

– having regard to Decision (EU) 2022/2481 of the European Parliament and of the Council of 14 December 2022 establishing the Digital Decade Policy Programme 2030 [7],

– having regard to Regulation (EU) 2024/903 of the European Parliament and of the Council of 13 March 2024 laying down measures for a high level of public sector interoperability across the Union [8] (the Interoperable Europe Act),

– having regard to Directive (EU) 2019/1024 of the European Parliament and of the Council of 20 June 2019 on open data and the re-use of public sector information (recast)[9],

– having regard to Regulation (EU) 2024/795 of the European Parliament and of the Council of 29 February 2024 establishing the Strategic Technologies for Europe Platform (STEP), and amending Directive 2003/87/EC and Regulations (EU) 2021/1058, (EU) 2021/1056, (EU) 2021/1057, (EU) No 1303/2013, (EU) No 223/2014, (EU) 2021/1060, (EU) 2021/523, (EU) 2021/695, (EU) 2021/697 and (EU) 2021/241 [10],

– having regard to Regulation (EU) 2023/2854 of the European Parliament and of the Council of 13 December 2023 on harmonised rules on fair access to and use of data and amending Regulation (EU) 2017/2394 and Directive (EU) 2020/1828 [11] (the Data Act),

– having regard to Regulation (EU) 2024/1309 of the European Parliament and of the Council of 29 April 2024 on measures to reduce the cost of deploying gigabit electronic communications networks, amending Regulation (EU) 2015/2120 and repealing Directive 2014/61/EU [12] (the Gigabit Infrastructure Act),

– having regard to Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024 laying down harmonised rules on artificial intelligence [13] (the Artificial Intelligence Act),

– having regard to Regulation (EU) 2021/1153 of the European Parliament and of the Council of 7 July 2021 establishing the Connecting Europe Facility (CEF) and repealing Regulations (EU) No 1316/2013 and (EU) No 283/2014 [14],

– having regard to Regulation (EU) 2021/694 of the European Parliament and of the Council of 29 April 2021 establishing the Digital Europe Programme and repealing Decision (EU) 2015/2240 [15],

– having regard to Regulation (EU) 2021/695 of the European Parliament and of the Council of 28 April 2021 establishing Horizon Europe – the Framework Programme for Research and Innovation, laying down its rules for participation and dissemination, and repealing Regulations (EU) No 1290/2013 and (EU) No 1291/2013 [16],

– having regard to Regulation (EU) 2021/696 of the European Parliament and of the Council of 28 April 2021 establishing the Union Space Programme and the European Union Agency for the Space Programme [17],

– having regard to Regulation (EU) 2023/588 of the European Parliament and of the Council of 15 March 2023 establishing the Union Secure Connectivity Programme for the period 2023-2027 [18],

– having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014 [19],

– having regard to Council Regulation (EU) 2021/1173 of 13 July 2021 on establishing the European High Performance Computing Joint Undertaking and repealing Regulation (EU) 2018/1488 [20],

– having regard to Council Regulation (EU) 2024/1732 of 17 June 2024 amending Regulation (EU) 2021/1173 as regards a EuroHPC initiative for start-ups in order to boost European leadership in trustworthy artificial intelligence [21],

– having regard to Directive (EU) 2018/1972 of the European Parliament and of the Council of 11 December 2018 establishing the European Electronic Communications Code (recast)[22],

– having regard to Regulation (EU) 2024/1183 of the European Parliament and of the Council of 11 April 2024 amending Regulation (EU) No 910/2014 as regards establishing the European Digital Identity Framework [23],

– having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 21 February 2025 to the European Parliament and the Council entitled ‘EU Action Plan on Cable Security’ (JOIN(2025)0009),

– having regard to the Commission communication of 29 January 2020 entitled ‘Secure 5G deployment in the EU – Implementing the EU toolbox’ (COM(2020)0050),

– having regard to the European Declaration on Digital Rights and Principles for the Digital Decade, which commits ‘to promote a European way for the digital transformation, putting people at the centre’,

– having regard to the Commission communication of 30 December 2021 entitled ‘Criteria for the analysis of the compatibility with the internal market of State aid to promote the execution of important projects of common European interest’ (IPCEIs) (COM(2021)8481),

– having regard to Rule 55 of its Rules of Procedure,

– having regard to the report of the Committee on Industry, Research and Energy (A10-0107/2025),

A. whereas technological sovereignty should be seen as the whole value chain from excellence in research to creating better competition and achieving greater European sovereignty;

B. whereas the EU relies on non-EU countries for over 80 % of digital products, services, infrastructure and intellectual property;

C. whereas a few technological companies hold concentrated power over key digital markets and control over underlying internet infrastructure, including operating systems, computing, artificial intelligence (AI), search engines, social media capacity, digital advertising and payment services;

D. whereas our technological sovereignty will greatly depend on Europe’s ability to create the market conditions needed for European companies to flourish and compete with each other, thereby increasing the quality of their products;

E. whereas the EU is at risk of failing to meet its digital decade targets and objectives, including the adoption of cloud, big data and AI;

F. whereas European firms contribute a minor share to global research and development (R&D) in software, internet technologies and electronics, while the United States and China lead in these sectors;

G. whereas the Commission’s Digital Compass, Digital Decade Policy Programme, and Competitiveness Compass are essential frameworks for strengthening Europe’s digital ecosystem, securing technological leadership and ensuring long-term economic resilience;

H. whereas digital infrastructure is composed of hardware elements related to connectivity, including fibre, 5G and 6G, submarine cables, satellites and spectrum, and computing, including semiconductors, data centres, HPC and quantum technologies, and of software elements including identity solutions, the Internet of Things, and cloud and AI systems, as well as the intermediary layer including advertising, search engines, payments and communication systems;

I. whereas the EU’s competitiveness will increasingly depend on the digitalisation of all sectors, supported by resilient, safe and trustworthy digital infrastructure; notes, in this context, that the digital single market is a vital asset as it can enable companies to grow and scale up;

J. whereas the full potential of the digital single market remains untapped, with intra-EU trade in digital services representing just 8 % of GDP, which is significantly lower than the 25 % for trade in digital goods;

K. whereas the availability of eID schemes and digital public services and access to e-Health records are increasing, but there are still significant gaps in the provision of privacy preserving, fully user-centric, accessible and sovereign digital public services among Member States due to differences in the adoption of eID;

L. whereas eID is currently available to 93 % of the EU’s population, but achieving 100 % of digital public services for citizens and businesses by 2030 remains challenging;

M. whereas interoperability and interconnectedness would enhance the competitiveness of the European economy and might benefit from policies such as open-source first and public money, public code, and the implementation of common and open standards;

N. whereas digital infrastructure is of key importance for EU industry, including the automotive industry and the possible development of connected and autonomous vehicles; whereas robust data and communications infrastructure is needed to support a secure ecosystem for connected and autonomous vehicles;

O. whereas fibre-optic networks form one of the backbones of the EU’s digital infrastructure, enabling high-speed internet, 5G networks and future technological improvements;

P. whereas the EU is behind on the roll-out of 5G to meet its 2030 targets, with still limited fibre coverage of only about 64 % of European households being included;

Q. whereas investment needs in state-of-the-art connectivity in the EU are immense;

R. whereas resolving challenges related to access to land and grids is key to the successful deployment of digital infrastructure;

S. whereas the EU GOVSATCOM initiative aims to ensure the long-term availability of secure, reliable and cost-effective governmental satellite communication services for EU and national public authorities that manage critical security infrastructure and missions;

T. whereas chips play a crucial role in increasing the technological competitiveness and resilience of Europe;

U. whereas the Commission’s Competitiveness Compass, the Clean Industrial Deal and the 2025 Commission Work Programme make little to no mention of semiconductor technologies despite their critical importance for the EU’s industrial ambition;

V. whereas the Chips Act was an ad hoc adaptation mechanism aimed at addressing certain challenges regarding semiconductor shortages; whereas its areas of action are mostly limited to advanced semiconductors; whereas EU engagement on legacy semiconductors is insufficient; whereas the revision of the Chips Act is expected in September 2026;

W. whereas the existing European regional clusters in the semiconductor sector have a role to play and should be further strengthened;

X. whereas processors, memory technologies, graphics processing units (GPUs), and quantum chips are critical to Europe’s digital infrastructure and supply chain security;

Y. whereas cloud services are fundamental to a wide range of computational activities and computing services that have become an essential enabler of competitiveness;

Z. whereas federated models could enhance the competitiveness of the EU market by facilitating the emergence of significant European alternatives, building on local market expertise and presence;

AA. whereas large-scale AI infrastructure, such as AI gigafactories, is essential for enabling open and collaborative development of the most complex AI models;

AB. whereas the AI value chain is still under development and tackling the development of AI models is only part of it; whereas European AI solutions may be developed using Europe’s public and private computing infrastructure, driving innovation, and start-ups and small companies should be in particular beneficiaries of access to public computing infrastructure;

AC. whereas AI models that can be run on widely available hardware at moderate costs allow a greater number of actors to shape how AI systems are created and used, providing more immediate value in applications and enabling a more democratic use of AI;

AD. whereas at the moment, the roll-out, marketing and deployment of AI is often shaped by a small number of big tech companies; whereas some AI features are not being rolled out in the EU at the same time as in non-EU countries, creating a competitive disadvantage for European businesses and consumers;

AE. whereas data centres are an essential part of an advanced digital society, as enablers of distributed processing and effective data storage;

AF. whereas trusted capacity and availability of data storage is essential for European resilience and development; whereas most data centres in Europe are not owned by European companies;

AG. whereas building and operating large-scale data centres requires substantial investment;

AH. whereas around 9 % of global electricity consumption results from data centres, cloud services and connectivity;

AI. whereas submarine cables are critical infrastructure for global connectivity, economic stability and security, carrying over 99 % of international communications through them, and they remain vulnerable to physical damage, cyberthreats and geopolitical risks;

AJ. whereas secure and resilient digital infrastructure is crucial, particularly considering the increasing number of cyberattacks against the EU, its Member States and its industry and society;

AK. whereas the EU toolbox for 5G security is important for preventing cyberespionage and strengthening the resilience of supply chains in the EU’s digital infrastructure;

AL. whereas 21 % of businesses cite compliance and legal uncertainties as a barrier to digital investment;

AM. whereas the ‘one in, one out’ approach ensures that all burdens introduced by Commission initiatives are considered and that administrative burdens are offset by removing burdens of equivalent value in the same policy area;

AN. whereas the energy consumption challenges in AI, cloud and quantum computing, as well as data centres, require the integration of sustainability into digital infrastructure strategies;

AO. whereas data centre power consumption is projected to nearly triple by the end of this decade, increasing from approximately 62 terawatt-hours (TWh) today to more than 150 TWh, thus escalating from 2 % to 5 % of total European power consumption;

AP. whereas the digital skills gap remains a major concern, with only 54 % of European citizens possessing at least basic digital skills – well below the 80 % target set in the digital decade policy programme;

AQ. whereas the shortage of ICT professionals in the EU is projected to reach 12 million by 2030, falling significantly short of the EU’s target of 20 million skilled workers;

AR. whereas the 2024 State of the Digital Decade report and the Draghi report both stress the urgent need to invest in digital and science, technology, engineering and mathematics (STEM) skills to preserve Europe’s technological capabilities and global competitiveness;

AS. whereas 60 % of EU companies report difficulties in recruiting skilled workers in areas such as AI, cybersecurity and clean technologies, posing a significant barrier to innovation, competitiveness and the green and digital transitions;

AT. whereas current labour market developments, including global lay-offs and political instability outside the EU, create an opportunity to attract high-skilled digital talent to the EU;

AU. whereas increasing competitiveness and resilience require appropriate funding; whereas public funding can act as a catalyst and private investment and competitive market forces are key for the long-term development of digital infrastructure;

AV. whereas a robust, agile and excellence-driven research and innovation (R&I) ecosystem is essential to ensure the EU’s global competitiveness and leadership in strategic technologies, such as quantum and AI;

AW. whereas standardisation is at the core of genuine European digital and technological sovereignty; whereas the importance of standards is growing due to increasing technological competition across the world, particularly with the United States and China;

AX. whereas the EU is committed to negotiating comprehensive digital trade agreements (DTAs) to promote secure, resilient and competitive digital infrastructure development with partner countries;

AY. whereas the Commission has announced landmark DTAs with South Korea and Singapore, setting an important precedent for future agreements;

AZ. whereas Parliament and the Council have agreed on the ‘EU horizontal provisions on Cross-border data flows and protection of personal data and privacy in the Digital Trade Title of EU trade agreements’, which was endorsed by the Commission and remains an important tool in relation to digital trade and the establishment of new DTAs;

General introduction

1. Underlines that European sovereignty is the ability to build capacity, resilience and security by reducing strategic dependencies, preventing reliance on foreign actors and single service providers, and safeguarding critical technologies and infrastructure; calls for the development of a comprehensive risk assessment framework to monitor and address dependencies across the digital value chain; underlines that such a framework should serve as a basis for ensuring EU preparedness and resilience by enhancing European industrial policy and boosting domestic R&D and manufacturing capabilities in strategic technologies;

2. Believes that technological sovereignty is the capacity to design, develop and scale up digital technologies needed for the competitiveness of our economy, the welfare of our citizens and the EU’s open strategic autonomy in a globalised world; believes that this includes ensuring the EU’s ability to make autonomous decisions, engaging with trusted non-EU countries and entities, diversifying and strengthening supply chains and promoting the concept of openness and interoperability to ensure that Europe remains an attractive hub for investment;

3. Recognises the increasing concentration of power in non-EU companies, which constrains Europe’s ability to innovate, compete and maintain control over its digital economy, society and democracy; is concerned by excessive dependencies on non-EU actors in critical areas such as cloud infrastructure, semiconductors, AI and cybersecurity – where market concentration and foreign control threaten to undermine Europe’s competitiveness, democratic resilience and security;

4. Believes that the EU’s industrial tech ambitions should focus on the key strategic technologies of the future, such as semiconductor technologies or quantum, that contribute to the EU’s open strategic autonomy and are essential for our green, digital and defence transitions;

5. Recognises the shift in the geopolitical landscape and the resulting opportunity for market demand for European products and services; sees this as a window of opportunity to position Europe as a global leader in trusted and secure digital solutions;

6. Underlines the need to foster a supportive regulatory environment that encourages innovation, investment and the development of cutting-edge technologies in Europe, while protecting EU end users from the consequences of extraterritoriality;

7. Recognises the need for a comprehensive European industrial policy for the digital ecosystem, integrating all relevant policy domains such as market access, standardisation, R&D, investment, trade and international cooperation; calls on the Commission to develop this comprehensive policy with the aim of reducing harmful strategic dependencies, strengthening domestic value chains and ensuring a secure, trustworthy and innovation-driven digital ecosystem that adheres to European values;

8. Recalls that the high-tech product and digital services markets depend heavily on external supply chains, posing risks to sovereignty and resilience; stresses the importance of boosting industrial capacity and technological expertise in emerging and disruptive technologies to support the EU’s open strategic autonomy;

9. Emphasises that boosting Europe’s technological sovereignty in the era of rapid technological development requires enhancing innovation and commercialisation in order to build the necessary capabilities; highlights that Europe must transform itself into a globally attractive and agile business environment by reducing bureaucracy, enhancing regulatory predictability and fostering entrepreneurship and risk-taking;

10. Recognises that open strategic autonomy and democratic resilience must be at the core of the Commission’s agenda and that a comprehensive approach must integrate procurement, funding and long-term institutional frameworks to establish sovereign digital infrastructure in critical domains;

11. Calls on the Commission to analyse and establish a comprehensive list of critical dependencies in digital infrastructure and technologies, assessing, at minimum, storage services, identity and payment systems, communication platforms, as well as the software, protocols and standards that support them, and to propose measures to promote market access for products and services with a strong positive impact on the EU’s technological sovereignty, resilience and sustainability; believes, in that regard, that the use of specific award criteria in public procurement may be promoted in areas where such critical dependencies exist; believes that such criteria can help incentivise competition and strengthen European technological sovereignty by facilitating the procurement of European digital products and services, where possible;

Digital public infrastructure

12. Strongly believes that digital infrastructure is the backbone of our economy and that there should therefore be a base layer of digital public infrastructure (DPI) that ensures sovereignty and a competition-friendly market environment; observes that the market has not developed this base layer in many important areas, which has resulted in monopolies and reliance on foreign actors; underlines that in order to fill this gap, the EU should take the lead in creating a strong foundation for DPI by creating layers of digital technologies consisting of semiconductors, connectivity solutions, cloud infrastructure, software, data and AI; believes that European DPI should be founded on fair and competitive economic models and also use governance models where neither private companies nor governments maintain centralised control; is of the opinion that it should be built on common and open standards, embrace interoperability and interconnectedness, so as to prevent user and vendor ‘lock-ins’, and spur innovation by facilitating new market entrants, and that it should also ensure privacy and security by default;

13. Believes that the deployment of DPI should be focused on areas where critical dependencies exist, as identified in the Commission’s comprehensive list; calls on the Commission to prepare a detailed and comprehensive plan for establishing European DPI by identifying technologies that are best suited to European action, and urges the Commission and the Member States to dedicate appropriate resources to deploying European DPI;

14. Stresses that European DPI should be stimulated by coordinated action at EU level to ensure the presence and competitiveness of European providers as well as a competitive market environment; underlines that these objectives will not be achieved through regulation alone and will require significant public investment; recognises that the forthcoming multiannual financial framework (MFF) should therefore include additional funding for this purpose, focusing on EU added value and financing the base layer of European DPI;

15. Recognises that as part of the forthcoming MFF, the EU must commit to increased spending to achieve technological sovereignty; underlines that this should include a dedicated envelope for the development and deployment of the DPI layers identified in the Commission’s comprehensive list, as well as additional funds to ensure a competition-friendly market environment in other digital areas;

16. Believes that the funding under the forthcoming MFF should prioritise active capacity-building in key hardware, software and service areas, including high-performance computing, quantum computing, encryption and communication, connectivity, cloud, data, web and AI ecosystems, and digital libraries;

17. Is of the opinion that European DPI should be based on EU values and remain open to like-minded non-EU partners; calls on the Commission and the Member States to sustain their efforts and add more impetus to the process with the UN Development Programme on DPI;

18. Recognises e-government services as a key enabler of efficient, secure and accessible public service delivery, which should be designed to facilitate digital identification, government data sharing and public sector payments without distorting markets or undermining existing private sector solutions; emphasises that the EU’s approach to e-government services should focus on strengthening digital government-to-citizen and government-to-business interactions, while ensuring trust, interoperability and accessibility; believes, therefore, that secure and seamless access to public services requires a trustworthy e-identification framework and welcomes the announcement of a ‘business wallet’ aimed at significantly simplifying the interconnection between businesses and public authorities;

19. Calls on the Commission to further develop public interest data platforms, enabling secure cross-border data sharing between public and private entities for use cases, in particular, in healthcare, urban planning and environmental monitoring; calls, furthermore, on the Commission to promote interoperability between public interest and industry-specific data platforms, ensuring the seamless flow of data while minimising administrative burdens; notes that this could be achieved by leveraging existing market-driven solutions that foster innovation, maintain trust and uphold privacy and security standards;

20. Recognises that under the current legal framework, European citizens have the right to control their personal data and that data generated within the EU must be processed in accordance with EU law; stresses that safeguarding privacy and personal data is essential for building trust in the digital economy, allowing European consumers to engage with confidence, regardless of where their data is processed; highlights that European companies – particularly small and medium-sized enterprises (SMEs) – must be able to make use of data in a lawful, ethical and secure manner to drive sustainable growth and competitiveness;

Digital infrastructure

21. Highlights that digital infrastructure is the backbone of Europe’s economy and society and that its importance will continue to grow; calls on the Commission to include in the requested list of critical dependencies a comprehensive assessment of the composition of European digital infrastructure in order to adequately analyse the state of play, assess risks and coordinate action;

22. Believes that in order to strengthen digital infrastructure, it is essential to implement capacity-building initiatives in critical areas at EU level; considers that these initiatives should focus on developing a base layer of public infrastructure, such as a network of AI gigafactories and a European web index model; is of the opinion that this base layer will empower companies to develop their business models and boost technological sovereignty; points to the digital solutions created by the EU, such as the EU digital identity, that can offer innovative infrastructure for the EU’s digital economy;

23. Recognises the strategic importance of critical digital infrastructure and the need to strengthen their security and resilience; understands that critical digital infrastructure includes, but is not limited to, cables (terrestrial and submarine), cellular network towers, satellite communication systems, spectrum and radio equipment, cloud servers that contain sensitive information and data centres that process sensitive information, as well as certain software elements, including security software that protects critical networks and data centres;

24. Highlights the need to ensure that this infrastructure falls under EU jurisdiction, meaning that it fully adheres to EU law; stresses the importance of privacy and security-by-design; calls on the Commission. therefore, to introduce legislation to mitigate risks posed by high-risk vendors from non-EU countries, including risks posed by foreign-controlled energy resource providers;

25. Calls on the Commission, while preparing future legislative proposals and the forthcoming MFF, to concentrate efforts on deepening the single market, in line with the recommendations made in Enrico Letta’s report entitled ‘Much more than a market’ and in Mario Draghi’s report on ‘The future of European competitiveness’, with the aim of unlocking the potential of the digital single market;

26. Takes note of the recommendations laid down in these two reports that the EU needs a paradigm shift from promoting connectivity in the EU to establishing a single market for electronic communications and connectivity; supports a simplified, harmonised and innovation-friendly telecommunications framework that ensures fair competition and the accessibility of infrastructure;

27. Welcomes the Commission’s white paper on how to master Europe’s digital infrastructure needs, which outlines three pillars: creating the ‘3C Network’ – ‘Connected Collaborative Computing’, completing the digital single market, and secure and resilient digital infrastructure for Europe;

28. Views the white paper and the subsequent consultation process as part of the preparation of the legislative initiatives planned for this term, including the Digital Networks Act; calls on the Commission to take a more holistic view of digital infrastructure throughout this process and to acknowledge that digital infrastructure comprises many elements beyond mere connectivity; underlines the need to accompany any new digital policy measure with an impact assessment;

29. Urges the Commission to simplify and harmonise telecommunications rules as part of the forthcoming Digital Networks Act and the broader Digital Package;

30. Calls on the Commission to introduce an EU cloud and AI development act to strengthen European data infrastructure and the promotion of European cloud providers; underlines that this act should aim to actively build a European single market for cloud and AI;

31. Acknowledges that deploying cutting-edge digital infrastructure across the EU requires substantial investment and recognises that both public and private funding are essential for achieving this goal; expresses concern over the persistent shortage of venture capital and investment financing in Europe, which undermines technological sovereignty; calls on the Commission to significantly scale up public-private investment instruments, including venture capital, strategic platforms and dedicated funding tools for start-ups and scale-ups in critical technology sectors; highlights the importance of leveraging public procurement to support the deployment and scaling of open and interoperable digital solutions and of ensuring that private capital, competition and innovation become the main drivers of Europe’s digital transformation over the medium and long term;

High-speed connectivity

32. Is of the opinion that the upcoming Digital Networks Act must support the objective of providing all EU consumers with high-quality connectivity by 2030, especially in remote and rural areas, as well as removing administrative barriers for the roll-out of 5G, 6G and secure, high-speed broadband;

33. Recognises the increasing convergence of telecommunications infrastructure with cloud and edge technologies, and sees the potential of open radio access networks to deliver advanced technological solutions, reduce costs and enhance the interoperability of connectivity; believes that the future of connectivity lies in the complementarity of diverse technologies such as 5G/6G, Wi-Fi and satellite, where seamless integration benefits both businesses and consumers;

34. Recognises that with cloud and edge services at the core of their transformation, connectivity networks are evolving rapidly into platforms for innovation and will increasingly depend on cloud computing, AI, virtualisation and other technologies;

35. Calls for ambitious targets in the development and innovation of wireless communication networks, acknowledging the need for a broad-based approach that includes cloud computing, AI, edge computing and quantum computing; emphasises that the innovation ecosystem for electronic communications, especially for vertically integrated telecoms, should remain market-driven, and insists that future regulatory measures be based on thorough, knowledge-based impact assessments of existing regulations;

36. Recognises that competition between operators of all sizes remains a key driver of investment in connectivity networks; calls on the Member States to ensure that copper networks are switched off progressively in favour of fibre-optic or 5G technologies, in particular where regular maintenance or updates of the network are needed, thus ensuring that the shift is carried out in an attainable manner and allowing providers to plan logistically and financially in advance;

37. Stresses that all consumers in the EU should have access to adequate quality, reliable and affordable connectivity, thus contributing to increased demand for connectivity services; calls on the Commission and the Member States to expand and upgrade digital networks, especially in rural areas, and to support public-private investments in broadband and 5G/6G deployment, while maintaining cybersecurity standards and secure-by-design principles;

38. Is convinced that, as digital connectivity infrastructure such as fibre, 5G and 6G will be crucial for future industrial competitiveness, the forthcoming MFF should include funds for the large-scale deployment of network infrastructure, bridging the existing deployment gap to achieve the 2030 Digital Decade targets, creating pan-European 5G coverage for citizens’ use and ensuring the successful deployment of Industry 4.0 tools;

Fibre

39. Stresses the importance of accelerating the deployment of fibre-optic networks and modern wireless communications systems that can deliver fast, secure and reliable digital services;

40. Recognises that the need to prioritise direct fibre connections for homes, businesses and public institutions is crucial to ensure ultra-fast and reliable connectivity, in addition to network roll-outs with public works, such as roads, water and electricity, to streamline fibre roll-out;

41. Welcomes the introduction of the Gigabit Infrastructure Act, which responds to the growing needs for faster, reliable and data-intensive connectivity; recognises the importance of the shared use of ducts and poles for deploying very high capacity networks to optimise resources and reduce costs; urges the Member States to streamline permitting processes and harmonise regulations to lower financial and administrative barriers to the expansion of fibre infrastructure;

5G and 6G

42. Believes that private investments are essential for deployment of electronic communication networks, 5G and 6G that are advanced enough in terms of transmission, speed, storage capacity, edge computing power and interoperability;

43. Stresses that the enforcement and implementation of the Gigabit Infrastructure Act is further necessary for the creation of a one-stop shop for permits and a centralised digital permitting process to reduce delays in infrastructure deployment and to ensure uniform rules for infrastructure access, pricing and environmental impact assessments; calls, in this regard, for strong efforts in this area;

44. Takes the view that the EU needs strong cybersecurity protection in all critical infrastructure sectors, with stricter measures to de-risk high-risk vendors in 5G and 6G networks, ensuring dense deployment of small cells and macro towers, particularly in urban and rural areas with inconsistent coverage, and ensuring the sustainability and energy efficiency of the infrastructure so as to support Europe’s global competitiveness in the digital economy;

Spectrum

45. Calls on the Commission and the Member States to work towards enhanced coordination of spectrum allocations, in particular through earlier identification and the harmonisation of the release of new frequencies, starting with 6 GHz frequencies; calls for a radio spectrum policy that promotes investment in Europe, including through the harmonisation of spectrum assignment policies across the Member States to accelerate 5G deployment based on best practices, the promotion of longer license durations and access to new spectrum such as the upper 6 GHz band in order to meet future demand and enable 6G; believes that a shared effort from public and private entities is necessary in order to increase the competitiveness of Europe and not lag behind the fastest growing networks in the world, i.e. in China and South Korea;

Satellites and satellite communication systems

46. Underlines the importance of satellite-based communications in developing EU digital infrastructure, increasing its resilience, strengthening the capabilities of EU actors, and reducing dependence on non-EU providers, particularly in the area of defence; highlights the need to provide alternative connectivity solutions for consumers in remote and rural areas;

47. Highlights the strategic role of the EU space programme, as one of the pillars of EU sovereignty, in providing state-of-the-art and secure positioning, navigation and timing services for Galileo and EGNOS and cost-effective satellite communication services for GOVSATCOM; notes that this allows the EU and its Member States to have greater sovereignty in their satellite capabilities, including geopositioning, earth observation, space surveillance and connectivity; welcomes, in particular, the EU GOVSATCOM and IRIS2 programmes, which aim to ensure the short- and long-term availability of secure, reliable and cost-effective governmental satellite communication services for EU and national public authorities that manage critical security infrastructure and missions;

48. Deplores the strong dependence on non-EU data for the tracking and surveillance of space objects; stresses the need for Europe to urgently reinforce its own capabilities and infrastructure in space situational awareness (SSA) to ensure open strategic autonomy and security; calls on the Commission and the Member States to significantly increase investment in EU-owned surveillance and tracking assets, and to develop effective mechanisms for information-sharing among the Member States, enabling Europe to independently monitor and protect its critical space infrastructure;

49. Stresses the importance of private sector involvement in launcher technologies to further accelerate the deployment of IRIS2; stresses the importance of fostering a robust and competitive European space launch sector through greater private sector involvement and support for upstream and downstream industries; calls on the Commission to promote a European space industrial policy that strengthens sovereignty in space technologies and services by reducing strategic dependencies and improving the operational governance of European space programmes;

50. Calls, to this end, for concrete measures to facilitate the provision of satellite services throughout Europe, including by defining common procedures and conditions; calls, in parallel, for fair competition, with clear and enforceable rules for all satellite constellations accessing the EU market;

51. Notes that there are currently several issues with latency in satellite networks and recognises that the integration of satellite networks with 5G and, in the future, 6G technologies is pivotal in extending the reach and reliability of terrestrial networks;

High-performance computing (HPC) systems

52. Recognises the progress made in recent years in enhancing HPC; calls on the Commission to continuously integrate and enhance the computing power at EU HPC centres, in particular, enhancing the training of AI models and preparing for future advancements in supercomputing;

53. Calls on the Commission to develop a coordinated strategy to bridge the gap between Europe’s cutting-edge HPC technology and its practical, scalable deployment across industries, including by creating a public network for supercomputing; notes that this strategy should foster collaboration between public institutions and private sector partners, including SMEs, to ensure that Europe’s HPC capabilities become a key driver of economic competitiveness and technological sovereignty;

54. Highlights that HPC centres must ensure accessibility for developers and deployers of AI foundation models, generative AI and applied AI; notes that EuroHPC Centres should be available for these use cases and particularly for SMEs, start-ups and scale-ups; emphasises that this must be seamlessly complemented by initiatives to enable the development and deployment of AI in the EU;

55. Welcomes the creation of new AI factories; underlines that AI factories will upgrade EuroHPC supercomputers to deliver computing capacity for AI and support start-ups and scale-ups in the training and large-scale development of general-purpose and trustworthy AI models;

Hardware for computing: semiconductors, chips and quantum chips

56. Believes that urgent action is needed to boost EU domestic semiconductor manufacturing, improving supply chain resilience by forming strategic global partnerships, encouraging start-ups and innovation, fostering cross-border collaboration in advanced semiconductor development and providing financial incentives, regulatory support and market access;

57. Emphasises the need for legal certainty to support semiconductor development, ensuring secure supply chains for critical raw materials and avoiding disruptions caused by investment uncertainties;

58. Urges to give utmost political importance to ensuring a sufficient supply of AI chips in the EU and to make it a focal point of EU digital industry policies; notes the increase in demand for AI chips driven by expanding applications in cloud computing, edge devices, autonomous systems and generative AI;

59. Calls on the Commission to react to the new geopolitical realities and the use of digital supply chains as pressure tools; urges the Commission to find a negotiated solution to the US ban on the export of AI chips to 16 EU Member States;

60. Calls on the Commission to put advanced AI chips, including their design and production, at the core of the revision of the Chips Act; calls on the Commission to present the revision this year, featuring a long-term strategy rooted in current geopolitical realities that builds European strategic indispensability through technological leadership, adequate production capabilities and a strong R&D ecosystem, which will be essential to secure European sovereignty in increasingly troubled times; believes that it is crucial to strengthen the interactions among research, training, suppliers and robust public infrastructure to accelerate the path from research, development, testing and finally full-load production;

61. Believes that the EU should enhance its efforts on quantum chip development if it intends to accelerate the time-to-market for EU industrial innovation in quantum technology;

62. Calls on the Commission to support the manufacturing within the EU of widely used chips e.g., for electronic devices and cars; calls for support for the development of chips that reduce the energy consumption of the digital sector;

63. Underlines the need to support the performance of the circular economy and recalls that information and communications technology products and other electronics are part of the priority product groups in the working plan to be adopted by April 2025 under Regulation (EU) 2024/1781 [24];

64. Believes that additional funding under the forthcoming MFF must be allocated to the development of semiconductor production capacities and other next-generation semiconductor technologies and processes (e.g. photonic chips, wide-bandgap chips, as well as design, manufacturing, testing, assembly and advanced packaging) within the EU;

Cloud services

65. Recognises that there is a market need for sovereign solutions that offer enhanced levels of control over data for certain categories of sensitive data and acknowledges the risks associated with reliance on single dominant providers; calls for a strategy for reducing reliance on foreign cloud providers, while fostering European alternatives;

66. Notes that the discussions on the EU Cybersecurity Certification Scheme for Cloud Services have not brought any results; points out that there are sovereignty considerations, in particular related to the extraterritoriality of binding legal regimes, that cannot be solved through technical discussions; calls on the Commission to propose a definition of sovereign cloud and its scope of application in the planned cloud and AI development act;

67. Notes the need to secure data storage and computational power, and distributed computing infrastructure; calls on the Commission to ensure that cloud users have the ability to choose solutions that meet their needs by urgently removing barriers to switching and diversifying providers through multi-cloud strategies, and by fostering a competitive European cloud market, thereby reducing reliance on single providers and enhancing digital sovereignty;

68. Calls on the Commission to leverage initiatives such as 8ra and IPCEI CIS to advance decentralised cloud and edge infrastructure, which are enablers of sovereignty and contribute to reducing reliance on foreign providers and ensuring resilience while enhancing operational flexibility within Europe;

AI systems

69. Welcomes the InvestAI initiative, including the AI gigafactories; emphasises the need for Europe to position itself as a global leader in AI model training, scientific research and quantum computing advancements; is committed to further supporting AI development by launching initiatives such as AI factories to provide computing power for start-ups, scale-ups and researchers;

70. Calls on the Commission to further support the design and development of European AI and to adopt policies and measures that will enable European industrial sectors to benefit from their data and AI deployment;

71. Emphasises that the delayed deployment of AI-driven innovations hinders technological progress, market competitiveness and digital transformation within the EU;

72. Expects that the public-private financing model will unlock unprecedented private investment in AI that will open up access to supercomputers for start-ups and industry to supercomputers;

Quantum

73. Recognises the urgent need to define a clear roadmap for quantum technology development, including quantum computing and quantum encryption, ensuring that public and private investments lead to tangible commercial applications;

74. Calls on the Commission to conduct an assessment of existing national quantum sandbox frameworks and how existing legislation applies to them in order to prevent market fragmentation; welcomes the announcement of the Quantum Strategy and Quantum Act in the Commission’s Competitiveness Compass;

75. Urges the Commission to ensure that the Quantum Act, accompanied by an impact assessment, positions Europe as the leading region for quantum excellence and innovation by investing in R&D and innovation, mobilising funding to scale up the European quantum ecosystem, capabilities and production, and ensuring Europe’s leading quantum research is commercialised in Europe; underlines that it should deliver tangible technological applications by fostering policies that accelerate technological maturity and facilitate the transition from research to commercial success;

76. Calls for targeted investments, industry collaboration and regulatory frameworks that support the development, scaling and market adoption of quantum technologies across key sectors;

77. Calls for a coordinated EU strategy for post-quantum cryptography to protect data from future cyberthreats;

Data centres

78. Calls on the Commission to support ecosystems for sharing industry-specific data within industrial sectors, fostering collaboration and driving innovation, while maintaining data sovereignty and ensuring compliance with EU regulations, as outlined in the Data Act; urges the Commission for strong enforcement to ensure that dominant market players do not impose unfair terms on SMEs and mid-sized enterprises when accessing and sharing data;

79. Believes that there is a need to ensure interconnected infrastructure that would allow data centres to work together efficiently under common standards with high-speed connectivity, while flexibility, security and scalability would be maintained; believes this interconnected system would help in ensuring distributed redundancy so that data and services remain available even in the event of a data centre failure;

80. Calls on the Commission to prioritise interoperability across platforms, enabling the seamless integration of data across businesses and sectors, in alignment with the requirements of the Data Act, which mandate data portability and interoperability obligations for cloud and edge services; stresses the need for the robust enforcement of these provisions to prevent vendor lock-in and ensure that European industrial ecosystems can leverage data-driven innovation without technical or contractual barriers;

81. Recalls the Commission’s plan to make data centres climate-neutral and highly energy efficient by 2030; sees the need to improve the integration of data centres with the energy system, focusing on heat reuse and providing flexibility services to the electricity grid needs; recognises the need to incentivise research for cooling and energy-efficient processors, while special attention should be given to supporting EU data centres; urges the Commission to ensure clear and consistent implementation of existing legal requirements for data centre operators across EU legislation and the Member States;

82. Calls on the Commission and the Member States to increase and target public investment and to incentivise private investment in digital infrastructure to enable the growth and modernisation of data centres;

Submarine cables

83. Calls on the Commission to take coordinated action to protect submarine cables and reinforce cable security and repair capabilities; stresses the need for continued investment in the construction of new submarine cables to ensure redundancy; welcomes the EU’s role in co-financing such projects to enhance digital infrastructure and connectivity across the Member States; calls on the Commission to explore potential synergies between the maintenance of undersea digital and energy infrastructure;

84. Emphasises the importance of improving EU and Member State repair capabilities and response mechanisms to handle submarine cable disruptions, which are essential for maintaining secure and uninterrupted communications; underlines the importance of international cooperation in repairing sabotaged cables and facilitating the necessary investments, and calls for the establishment of an EU-based rapid-response repair fleet to ensure swift recovery and operational continuity in the event of disruptions; calls on the Commission to carry out an assessment of regulatory measures to ensure fair access and security, regardless of whether the infrastructure is privately or publicly owned;

85. Welcomes the adoption of the action plan on cable security, which will be organised around four pillars: prevention, detection, response and repair, and deterrence; highlights the importance of its full and timely implementation; urges, in the current geopolitical context, increased investment in technologies to strengthen the security and resilience of subsea and offshore infrastructure;

86. Calls on the Commission to promote R&I to enable advanced technological innovations in cable security, including early warning systems and AI-driven threat assessments;

87. Urges the Commission to review available instruments designed to better leverage private investments in support of Cable Projects of European Interest (CPEIs); calls on the Commission to include submarine cable projects in the list of IPCEIs; recognises the need to streamline and simplify the application and administrative process governing IPCEIs;

Cybersecurity

88. Recalls the legislative work carried out over the previous legislative term aimed at significantly improving cybersecurity in the EU; welcomes, in particular, the adoption of the Cyber Resilience Act, the Cyber Solidarity Act and the NIS2 Directive; stresses the need for the harmonised and timely implementation and enforcement of these measures;

89. Calls on the Commission to present an evaluation report on the Cybersecurity Act and to propose a legislative act to review it in order to strengthen the EU’s cybersecurity framework, with a particular focus on the interplay between sovereignty and security; calls, furthermore, on the Commission to enhance the protection of strategic and critical infrastructure and prevent foreign interference from entities subject to extraterritorial legislation, as well as accelerating the adoption process for EU cybersecurity certification schemes; calls for ENISA’s mandate to be strengthened to coordinate crisis response, oversee cybersecurity certification for critical infrastructure and ensure uniform implementation of cybersecurity standards across the single market;

90. Emphasises the importance of the upcoming European internal security strategy in strengthening cybersecurity and critical infrastructure protection;

91. Notes with concern that, according to the second report on Member States’ progress in implementing the EU toolbox on 5G cybersecurity, 14 Member States have yet to implement any restrictions on high-risk suppliers, posing significant security vulnerabilities; calls for the full implementation of the EU toolbox for 5G security in order to reduce reliance on high-risk vendors; calls on the Commission to make the toolbox binding, specifically with regard to high-risk vendors in critical infrastructure;

Simplification

92. Notes that to achieve true technological sovereignty, the EU must have viable commercial alternatives; stresses that the EU must urgently pursue a comprehensive agenda of simplification and bureaucracy reduction to foster an innovation-friendly environment capable of supporting competitive European alternatives to dominant global digital players; underlines that excessive administrative burdens, fragmented regulatory frameworks, an incomplete digital single market and overly complex compliance procedures disproportionately impact European start-ups, scale-ups and SMEs, limiting their capacity to compete at global level; recognises that the EU should therefore prioritise regulatory streamlining and the deepening of the digital single market, ensuring that legislation is proportionate, innovation-driven and does not stifle the development of European technological solutions;

93. Emphasises the need for new legislative proposals to be aligned with better regulation principles, ensuring that any new digital policy measure that affects competitiveness is accompanied by an impact assessment, including a competitiveness, SME and small mid-cap check that evaluates whether a given legislative instrument is necessary, proportionate and does not create unnecessary burdens for businesses, especially SMEs, and thus its effects on competitiveness, investment prospects and consumer welfare;

94. Highlights that the simplification of EU legislation must not endanger any of the fundamental rights of citizens and businesses and thus jeopardise regulatory certainty; believes that any simplification proposal should not be rushed or proposed without proper consideration, consultation and an impact assessment;

95. Welcomes the Commission’s commitment to fully implement the principle of burden reduction for companies in EU legislation; calls on the Commission, therefore, to enhance its efforts by aiming to remove more cost and administrative burdens for businesses compared to the benefits that would be derived from any new regulatory requirements introduced at EU level in the same policy area, so that barriers to market entry are removed to help European companies to scale and grow;

96. Calls on the Commission to ensure consistent simplification, implementation and enforcement of EU digital legislation through the Digital Package, streamlining definitions and reporting procedures, assessing ways to alleviate reporting obligations and reducing the gap between industry and government;

97. Believes that supporting companies and innovators to stay in Europe by developing the EU as an attractive and agile business environment is key to enhancing technological sovereignty; emphasises, in that regard, that excessive regulation and administrative burdens should be avoided and that EU rules should be clear, consistent, predictable, proportionate and technologically neutral, thus maintaining a globally competitive regulatory environment; believes that new public procurement methods and the development of regulatory sandboxes and test beds should also contribute to an innovation-friendly framework;

98. Welcomes the Commission’s proposal of a 28th legal regime, recognising that a single, harmonised set of EU-wide rules will be a game changer for digital investment and innovation; believes that reducing regulatory fragmentation across 27 national legal regimes will boost private investment, lower compliance costs and accelerate the deployment of next-generation digital infrastructure, products and services; encourages the Commission to ensure that this framework specifically addresses regulatory barriers in the digital sector, such as permitting and cross-border data flows, in order to create a true digital single market;

99. Urges the Commission to create a single point of contact to simplify the application process for private-sector access to EU funding mechanisms, ensuring that private companies, SMEs and start-ups can more easily participate in digital investment programmes;

Energy

100. Emphasises that data centres will put additional pressure on electricity grids, making it imperative to reinforce them through anticipatory investments; stresses that data centres can also help stabilise the grid by participating in demand-side flexibility; calls for measures to incentivise such contributions based on the implementation of the revision of the European electricity market reform;

101. Calls on the Commission and the Member States to propose and implement instruments that ensure orderly planning of the escalating energy demand from data centres, facilitating their strategic placement near available energy sources and thus minimising reliance on the broader grid infrastructure;

102. Recognises that fibre is more energy efficient than traditional copper networks; acknowledges the importance of reducing energy consumption in data transmission and ensuring long-term stability and efficiency;

103. Calls on the Commission to ensure a reliable and sufficient clean energy and net-zero technology supply to support the digital infrastructure of the future;

Skills

104. Recognises the urgent need for more skilled professionals in digital fields to meet the EU’s strategic objectives; calls on the Member States to develop national strategies and incentives to retain European talent and attract the world’s best digital professionals, thereby strengthening the EU’s innovation capacity and technological leadership;

105. Stresses the importance of closing the digital and STEM skills gap to enhance technological resilience, innovation capacity and open strategic autonomy; calls on the Member States to strengthen investments in digital education, upskilling and reskilling, particularly in areas essential for the green and digital transitions; supports prioritising investments that address digital skills shortages, particularly in AI, cybersecurity, data analysis and clean technologies, in order to support innovation and technological sovereignty;

106. Calls for coordinated strategies at national level to improve access to high-quality STEM education, promote lifelong learning and attract talent to ICT and related fields; encourages partnerships between public institutions, industry and educational providers to ensure alignment between curricula and evolving market needs;

107. Calls for intensified efforts to improve digital literacy and skills across all demographics, focusing on early STEM education, vocational education and training, and lifelong learning in digital technologies; recommends aligning national education and training strategies with the EU Digital Decade goal of 80 % of the population possessing basic digital skills by 2030, with a focus on gender-inclusive policies to increase women’s participation in ICT and STEM fields; calls on the EU institutions to take concrete steps to uphold the commitments referred to in the European Declaration on Digital Rights and Principles for the Digital Decade, both within the EU framework as in the Union’s cooperation with third countries;

108. Supports the establishment of a common EU certification framework for digital and technical skills to improve the recognition and portability of qualifications among the Member States;

109. Encourages the European Investment Bank and national development institutions to support digital talent retention by co-investing in European deep-tech start-ups, ensuring that EU-funded innovation remains within the region and contributes to Europe’s technological sovereignty;

Research and innovation

110. Recognises the importance of bridging the gap between research and commercialisation and calls on the Commission to enhance the valorisation of innovation within the EU;

111. Believes that Europe’s ability to transform research into market-ready solutions is critical for building necessary capabilities and reducing reliance on non-EU technologies;

112. Emphasises that funding needs to be strategically allocated to accelerate the development and market introduction of solutions that strengthen Europe’s technological resilience and drive innovation; underlines the importance of a more agile, excellence-based funding structure, particularly in improving the translation of research into industrial applications; calls for increased investment in R&I to strengthen Europe’s knowledge and technological capabilities and insists that EU research, development and innovation (RDI) funding be based on open competition and excellence;

113. Highlights the need for policies that support industrial innovation, including targeted investment in key strategic technologies where Europe can lead globally, such as quantum computing, in order to build an innovation ecosystem;

114. Believes that private investment in RDI is of utmost importance and calls for the EU to create incentives that effectively leverage private funding for the development of critical technologies, including through public-private partnerships;

115. Stresses the urgent need for stronger incentives to mobilise private sector capital for technology-driven innovation; encourages the Member States to introduce targeted fiscal incentives, regulatory simplification and risk-sharing instruments designed to attract private equity to the technology and digital sectors; highlights the need to streamline cross-border capital flows within the single market to facilitate access to finance for innovative European start-ups;

Standards

116. Strongly believes that promoting interoperability and EU standards is paramount to fostering competitiveness in the technology sector, as it ensures that products can be connected and work with each other, thus fostering innovation and open markets; recalls that both interoperability and common technological standards pave the way for the functioning of the single market;

117. Underlines that the Commission must increase its engagement in existing global standardisation structures and focus on the international uptake of European standards through a bottom-up approach, avoiding centralisation;

Partnerships

118. Welcomes the EU’s commitment to negotiating DTAs that facilitate secure and competitive digital infrastructure development with partner countries; encourages the Commission to increase efforts in negotiating DTAs with additional partner countries;

119. Calls on the Commission to accelerate technical cooperation in multilateral forums such as the G7, the Organisation for Economic Co-operation and Development and the World Trade Organization (WTO) so as to develop global standards for digital governance, AI regulation, cross-border data flows and emerging technologies;

120. Urges the Commission to advance negotiations on a permanent solution to the WTO moratorium on e-commerce to prevent the introduction of digital tariffs, ensuring international digital trade remains open, predictable and conducive to innovation;

°

° °

121. Instructs its President to forward this resolution to the Council and the Commission.

MIL OSI Europe News –

June 26, 2025

MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Jamaica

Source: IMF – News in Russian

June 25, 2025

The Executive Board of the International Monetary Fund (IMF) concluded the 2025 Article IV consultation with Jamaica on June 12, 2025.
Over the last decade, Jamaica has established an enviable track record of investing in institutions and prioritizing macroeconomic stability which allowed it meet recent shocks and natural disasters in an agile, prudent, and growth-supportive manner.
The continued reforms will increase resilience to future shocks and natural disasters. They need to combine with a multipronged approach to overcome supply-side constraints to growth in support of growth.

Washington, DC: On June 12, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation^[1] with Jamaica and considered and endorsed the staff appraisal without a meeting. The authorities have consented to the publication of the Staff Report prepared for this consultation.^[2]

Over the last decade, Jamaica has successfully reduced its public debt, firmly anchored inflation and inflation expectations, and strengthened its external position. It has built an enviable track record of investing in institutions and prioritizing macroeconomic stability. Jamaica has met recent global shocks and natural disasters in an agile, prudent, and growth-supportive manner. GDP declined in FY2024/25 due to hurricane Beryl and tropical storm Raphael which damaged agriculture and infrastructure and undermined tourism. Nonetheless, economic activity is projected to normalize as these effects wane. Unemployment has fallen to all-time low levels (3.7 percent in January 2025) and inflation has converged to the Bank of Jamaica (BOJ)’s target band of 4-6 percent. The current account has been in surplus for the last two fiscal years with strong tourism revenues and high remittances. The international reserves’ position has continued to improve.

The outlook points to growth settling at its potential rate once the FY2025/26 recovery is complete, with inflation stabilizing within the BOJ’s target range. Nonetheless, global developments require continued close monitoring as downside risks emanating from tighter global financial conditions, lower growth in key source markets for tourism, and trade policy disruptions remain high. Finally, extreme weather events could negatively affect economic activity. The Jamaican authorities are implementing sound macroeconomic policies in the context of strong policy frameworks. A prudent fiscal stance supports a reduction in public debt towards the target in the Fiscal Responsibility Law. The Bank of Jamaica has anchored inflation around the mid-point of the inflation target band and inflation expectations have declined to close to the upper band of the BOJ’s target range. The lowering of the policy rate in 2024 was justified in view of the temporary nature of the weather-related shocks and the expected convergence of inflation to the BOJ’s target. The current fiscal-monetary policy mix places Jamaica in a good position to respond to the various downside global risks, should they realize.

Executive Board Assessment

“In concluding the 2025 Article IV consultation with Jamaica, Executive Directors endorsed staff’s appraisal, as follows:

“Over more than a decade, Jamaica has been implementing sound macroeconomic policies supported by strong policy frameworks. These efforts have allowed Jamaica to accumulate meaningful policy buffers, reduce public debt, anchor inflation, and improve its external position.

“Recent policy efforts have further strengthened fiscal responsibility, improved the effectiveness of public sector compensation, bolstered tax and customs administration, enhanced financial oversight, and built resilience to climate change including in the context of the recently completed PLL/RSF arrangements. These advances allowed agile, prudent, and growth-supportive responses to recent global shocks and natural disasters.

“The economy, which declined in FY2024/25 due to the weather events, is rebounding this year and is projected to grow at its potential rate with risks broadly balanced. The recovery is supported by a rebound in agriculture and tourism and its spillovers to other sectors. Risks comprise extreme weather events posing downside risks for tourism and agriculture, trade policy shocks, and disruptions to tourism or the flow of remittances. Upside risks include a faster-than-expected recovery from recent weather events, favorable tourism trends, and favorable commodity price developments.

“Maintaining primary fiscal surpluses to reach the FRL’s ceiling of 60 percent of GDP by FY2027/28 remains essential. However, fiscal policy could become too pro-cyclical in the face of severe shocks when the debt-to-GDP ratio reaches the FRL’s target. Incorporating an explicit operational medium-term debt anchor in the FRL at a level below 60 percent of GDP would help guide policies and ensure that debt is kept at moderate levels, creating fiscal buffers to respond to adverse events. The timeline for the eventual adoption of an operational debt anchor should be assessed in the context of heightened uncertainties, which could limit the country’s ability to meet a lower debt anchor in the medium-term.

“The authorities continue to improve the fiscal policy framework. The IFC became operational in January 2025 and assessed the consistency of current fiscal plans with the FRL. The A-PEFA assessment was completed in June 2024, providing recommendations to enhance public financial management. Reforms of tax and customs administration are supporting revenue mobilization, and sound debt management continues. The wage bill reform eliminating distortions and improving the transparency and competitiveness of the public pay to help retain skilled employees was completed last FY.

“Ongoing efforts to bolster the monetary and financial policy frameworks should continue. Staff supports the BOJ’s cautious data-dependent monetary policy, noting that there should be scope to lower the policy rate but the heightened global uncertainties call for a cautious approach. An inflation targeting regime with a strong international reserves’ position and stable FX markets have served Jamaica well. Going forward, there is scope to deepen FX markets by reducing surrender requirements and scaling back the BOJ’s FXI. Deepening capital markets, further de-dollarizing the economy, and boosting banking sector competition would improve resource allocation and help strengthen monetary transmission. The adoption of Basel III, the expansion of the BOJ supervisory remit, and unification of financial supervision under a twin-peaks regime are all going in the right direction. Jamaica exited FATF’s increased monitoring (grey list) in June 2024. Building on this achievement, the authorities continue to strengthen AML/CFT and are preparing for the fifth round of the Mutual Evaluation Process (expected by mid-2026).

“A multipronged approach is required to overcome supply-side constraints to growth. Low productivity resulting from the misallocation of resources is amplified by structural impediments including high crime, barriers to competition, poor educational outcomes, inadequate infrastructure, and barriers to trade. The authorities are addressing these barriers through product and labor market reforms, education, infrastructure, trade, and climate-aware reforms including by completing reform measures under the RSF completed last September. These reforms have the potential to catalyze private sector financing for climate-related investment.”

Table. Jamaica: Selected Economic Indicators


Population (2023): 2.84 million	Per capita GDP (2023): US$6,850
Quota (current; millions SDRs/% of total): 382.9/0.08	Literacy rate (2022)/Poverty rate (2021): 91.7%/16.7%
Main products and exports: alumina, tourism, chemicals, mineral fuels, bauxite	Unemployment rate (January 2025): 3.7%
Key export markets: U.S., U.K., Canada
		2022/23	2023/24	2024/25	2025/26
		Act.	Act.	Proj.	Proj.
Output
Real GDP growth (%)		4.7	1.8	-0.8	2.2

Employment
Unemployment (%) 1/		4.5	4.2	3.7	…

Prices
Inflation, end of period (%)		6.2	5.6	5.0	5.0
Inflation, average (%)		9.5	6.2	5.1	5.0

Central government finances 2/
Budgetary revenue (% of GDP)		30.1	30.6	33.3	31.7
Budgetary expenditure (% of GDP)		29.8	30.5	33.0	31.7
Budget balance (% of GDP)		0.3	0.0	0.3	0.0
Of which: central government primary balance		5.8	5.7	5.9	5.2
Public entities balance (% of GDP)		1.4	2.3	1.7	0.0
Public sector balance (% of GDP)		1.7	2.3	2.0	0.0
Public debt (% of GDP)		77.0	73.4	69.2	64.9

Money and credit
Broad money (% change)		9.8	9.1	6.2	9.1
Credit to the private sector (% change)		10.5	9.4	6.1	9.4
Treasury bill rate, end-of-period (%)		8.3	8.1	5.7	…
Treasury bill rate, average (%)		8.2	8.1	7.1	…

Balance of payments
Current account (% of GDP)		1.9	3.1	2.6	1.3
FDI, net (% of GDP)		1.9	1.5	1.0	1.3
Gross international reserves (months of imports)		5.6	6.4	7.2	6.8
External debt (% of GDP)		78.8	69.6	62.6	58.5

Exchange rate
End-of-period REER (appreciation +)		5.4	-0.7	…	…
Sources: Jamaican authorities; UNDP Human Development Report; Information Notice System; and Fund staff estimates and projections.
1/ As of April. In FY2024/25 January 2025.
2/ Fiscal year: April 1 to March 31. Government finances according to the authorities’ definitions.

[1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

[2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/Jamaica page.

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: Brian Walker

Phone: +1 202 623-7100Email: MEDIA@IMF.org

https://www.imf.org/en/News/Articles/2025/06/25/pr25219-jamaica-imf-executive-board-concludes-2025-article-iv-consultation-with-jamaica

MIL OSI

MIL OSI Russia News –

June 26, 2025

MIL-OSI Russia: Djibouti: Staff Concluding Statement of the 2025 Article IV Mission

Source: IMF – News in Russian

June 25, 2025

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

Washington, DC: Djibouti has been navigating regional tensions well, with robust growth, moderate inflation, and recovering reserves. In response to global uncertainties and domestic debt challenges, the authorities plan significant fiscal consolidation, including leveraging state-owned enterprises (SOE) dividends meaningfully, and advancing creditor dialogue. The authorities remain dedicated to investing in human capital and creating favorable investment conditions for job creation.

Djibouti’s economic resilience and contribution to regional stability

Djibouti helps maintain regional stability by supporting maritime security and facilitating humanitarian responses during crises. Djibouti’s GDP per capita has effectively doubled over the past decade thanks to significant investments that have contributed to the modernization of the economy. However, declining government revenues and increasing debt service have placed considerable strain on public finances, leading to unsustainable levels of public debt and diminishing reserves. Growth has not created enough jobs in the formal sector, while fiscal space to finance development needs is limited.

The authorities are leveraging Djibouti’s growth resilience to advance fiscal consolidation and rebuild reserves. Growth is expected to have exceeded 6.5 percent in 2024 due to increased transshipments amid Red Sea tensions, while moderate international food and energy prices kept inflation in check. The government deficit was reduced from 3.5 percent of GDP in 2023 to 2.6 percent in 2024 following a brief period of fiscal overruns and deficit monetization, and reserves have begun to recover partially offsetting the decline observed since late 2023, though they remain below the monetary base.

The outlook is positive but subject to risks in an uncertain global context. Growth is projected to remain dynamic at around 6 percent this year and to continue over the medium term, albeit at a slower pace. Ethiopia’s robust economy is expected to boost Djibouti’s port activities; however, fiscal consolidation and the phasing out of large-scale investments may temper growth. Key risks include regional conflicts potentially increasing migration and affecting social stability amid a constrained fiscal space, and trade policy shifts that could depreciate the dollar and Djibouti franc, enhancing service exports but also raising inflation. Nonetheless, it is worth noting that Djibouti has successfully navigated several shocks over the past few years, including COVID-19, the 2022 Tigray crisis, the Ukraine war, and the 2024 Red Sea maritime disruptions.

Leveraging resilience for fiscal sustainability and rebuilding reserves

In the face of high global and regional uncertainty, Djibouti needs to quickly strengthen its economic resilience by restoring debt sustainability, safeguarding the currency board, and fostering inclusive growth. To this end, the authorities intend to strengthen fiscal consolidation and enhance financial transparency and governance of state-owned enterprises (SOEs) to unlock sustainable and meaningful dividend contributions to the national budget, restore reserves, and encourage private sector growth while protecting vulnerable populations.

Durable fiscal consolidation is essential for restoring debt sustainability. The substantial fiscal adjustment frontloaded in the 2025 budget and the balanced budget target for 2026 onward are welcome steps. To sustain progress, it is essential that all governmental entities endorse annual fiscal targets that align with a medium-term fiscal consolidation strategy. Success depends on robust expenditure management via the diligent operationalization of the recently approved Public Financial Management Reform Strategy and Action Plan 2024–27. Furthermore, a comprehensive fiscal roadmap should continue to broaden the tax base by enhancing VAT and capital income taxation, rationalizing tax exemptions included in the investment code and the Free Zones regime, and finalizing the digitization of tax agencies. The effective establishment of the tax policy unit remains a priority for accurately assessing tax bases and enhancing tax reform efficiency. Operationalizing the recently created large taxpayer office will also bolster compliance and revenue collection.

As Djibouti negotiates new terms for debt liabilities with creditors, well-managed and profitable SOEs can significantly aid national fiscal consolidation and restore reserves at the Central Bank of Djibouti (CBD), particularly following the dissolution of the Sovereign Wealth Fund (SWF). Building on ongoing efforts to improve SOE transparency and governance, it will be critical for the Executive Secretariat in charge of the State Portfolio (SEPE) to collect all SOEs’ financial statements and monitor their performance. Swiftly implementing the Code of Good Governance is also essential for establishing a more transparent dividend policy tied to SOE performance, thereby mobilizing dividends more consistently and meaningfully for the budget, improving SOE efficiency and services, and appropriately right-size them. Additionally, fiscal transparency can be strengthened by discontinuing financial settlement practices for clearing government arrears with SOEs, and by improving coordination among the Ministry of Budget, line ministries, and SEPE for more effective budget risk management.

Alongside fiscal consolidation, completing ongoing debt negotiations and addressing outstanding arrears with external partners are critical for debt sustainability. Equally important is implementing binding limits on borrowing for the central government, SOEs, including their participation in public-private partnerships, and ensuring these are enforced by the Public Sector Debt Committee.

The mission is encouraged by the recent recovery in reserves and urges continued progress. To strengthen the currency board, the authorities plan to amend the CBD law to enhance its autonomy, which will help sustain reserves, exchange rate, and inflation stability. They also plan to introduce reserve requirements as a prudential tool, with implementation expected to follow a phased approach. Additionally, under MENAFATF’s enhanced monitoring, Djibouti is reforming its AML/CFT framework, improving the business climate, and enhancing oversight of the banking sector due to its significant offshore component and rising government exposure. To facilitate policy making, the authorities are leveraging technical assistance provided by the IMF to enhance their coverage and quality of statistics relevant to surveillance, with a focus on national accounts, the fiscal and external sectors.

Advancing inclusivity through private sector development and employment creation

The government aims to foster economic growth and social equity. They aim to improve the existing targeting of the current fuel subsidy scheme. In order to create a more effective and equitable social protection system and reduce budget exposure to international energy prices, the authorities should gradually replace the current subsidy system with the strengthening of targeted cash transfers to the most vulnerable households, relying on the national social register. To attract investments and create jobs, they are enhancing access to education and job training under the 2021–35 education master plan. They aim to diversify the economy in sectors such as logistics and connectivity, tourism, agribusiness, and fisheries. To enable economic diversification, it is essential to develop a comprehensive roadmap with specific actions aimed at enhancing access to finance, streamlining administrative procedures, and expanding reliable and affordable internet services and electricity, including through increased bill collection, technical efficiency, and the adoption of cost-efficient renewable energy. These initiatives will enhance Djibouti’s business environment, which is already supported by a stable macroeconomic climate, a currency board, ports infrastructure, and connectivity to Ethiopia’s large market, all aligning with the objectives of Djibouti Vision 2035.

“The mission team expresses deep appreciation to the Djiboutian authorities and other counterparts for their warm hospitality, excellent cooperation and candid discussions, and looks forward to continuing close engagement.”

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: Wafa Amr

Phone: +1 202 623-7100Email: MEDIA@IMF.org

@IMFSpokesperson

https://www.imf.org/en/News/Articles/2025/06/25/djibouti-staff-concluding-statement-of-the-2025-article-iv-mission

MIL OSI

MIL OSI Russia News –

June 26, 2025
MIL-OSI Global: Autonomous AI systems can help tackle global food insecurity

Source: The Conversation – Canada – By Woo Soo Kim, Professor, Mechatronic Systems Engineering & Founding Director, Global Institute for Agritech, Simon Fraser University

There is a growing and urgent need to address global food insecurity. This urgency is underscored by reports from the Food and Agriculture Organization of the United Nations, which states that nearly 828 million people suffer from hunger worldwide.

Climate change is further escalating these issues, disrupting traditional farming systems and emphasizing the need for smarter, resource-efficient solutions.

But imagine a future where indoor farming systems can operate entirely on their own, managing water, nutrients and environmental conditions without human oversight. Such autonomous systems, driven by artificial intelligence (AI) and powered by robotics, could revolutionize how we produce food, especially in regions with limited arable land.

Tackling food and water insecurity requires innovative solutions like precision agriculture, using AI and robotics to foster sustainable development.

My research team at Simon Fraser University’s (SFU) School of Mechatronics Systems Engineering has developed a prototype of an AI-powered sensing robot capable of autonomously monitoring the water needs of tomato plants.

Simon Fraser University researchers and students at the Arusha Climate and Environmental Research Centre, Aga Kahn University, a 3700-acre ecological reserve, tested drone technology to improve farming operations in Tanzania.
(Woo Soo Kim)

AI-powered farming

In conventional greenhouses, several water management techniques are used to enhance efficiency and minimize waste. These include drip irrigation and using soil moisture sensors and automated irrigation systems.

Despite their effectiveness, these methods have limitations in responsiveness and accuracy, and can lead to over- or under-watering, wasting resources and impacting crop health.

Agriculture takes up the vast majority of the water humanity uses. As water scarcity affects over two billion people worldwide, it is critical to find innovative ways to more efficiently use water.

At SFU, we’ve built an innovative robot that uses electrical signals from plants, also known as plant electrophysiology responses, as real-time indicators of plant health and hydration needs. The system integrates advanced AI algorithms to interpret these signals and determine when water should be supplied.

This technology eliminates the traditional guesswork and manual labour involved in irrigation, promoting efficient water use and reducing waste while optimizing plant health.

Recent research highlights the potential of integrating AI innovations into agriculture. AI-powered systems can significantly improve water efficiency, reduce chemical runoff and optimize crop yields.

Advances in robotics are also facilitating non-invasive and continuous monitoring of plant health, enabling interventions that are both precise and timely.

Recent advances in plant physiological signal monitoring have shown that sensors capable of capturing electrical signals reflecting plant stress, hydration and overall health can provide highly specific, real-time data.

A research team at SFU has developed an AI-powered sensing robot capable of autonomously monitoring water needs of tomato plants using the plant’s own electrical signals.
(Woo Soo Kim)

Our non-invasive sensing robot improves this process by enabling continuous and efficient monitoring of plant health, making automation more responsive and effective.

When combined with AI, these signals enable precision watering that is dynamically adapted to the plant’s actual needs, representing a significant leap in intelligent plant care.

Furthermore, recent innovations using multi-spectral imaging and machine learning have vastly improved our ability to detect disease and when plants are stressed. This can be integrated with electrical sensing robots like ours to develop comprehensive systems to monitor plant health.

With these improvements fully autonomous agriculture is becoming feasible. This technology goes beyond irrigation, using robotic sensing to interpret plant signals and enable autonomous nutrient management and environmental monitoring.

These multifunctional robots aim to optimize resource use, reduce waste, and increase crop yields, supporting global food security through holistic plant health management.

From greenhouses to fields

Our prototype shows promise in greenhouses. However, the real potential of AI water management lies in scalable, adaptable solutions. Addressing global food and water security requires international collaboration to share knowledge, technology and develop region-specific strategies for areas impacted by scarcity and climate change.

In recent years, our team has engaged deeply with agricultural communities in Tanzania and Asia-Pacific nations such as Singapore, Philippines, Japan and South Korea, understanding their unique challenges.

These regions face acute water shortages, limited access to sophisticated technology and the adverse impacts of climate change. To be effective, solutions developed in controlled environments must be adapted and made accessible to farmers.

This means developing sensor tools that are affordable and simple to use, and scalable AI and robotic systems that can operate effectively under variable environmental and infrastructural conditions.

The real potential of AI water management lies in developing scalable, adaptable solutions.
(Alana McPherson)

International collaboration plays a vital role here. Sharing knowledge through cross-border research partnerships, capacity-building programs and technology transfer initiatives can accelerate the deployment of smart agriculture solutions worldwide.

The Food and Agriculture Organization, the Association of Pacific Rim Universities and the World Bank are actively fostering such collaborations, emphasizing that sustainable agriculture progress depends on integrating cutting-edge technology with local knowledge.

Our goal is to develop affordable, easy-to-deploy AI sensing robots for smallholder farms that can provide real-time plant monitoring to reduce waste and improve yields.

These systems can foster resilient farming ecosystems, and contribute toward meeting the UN’s sustainable development goal of ending hunger and malnutrition.

Ultimately, scaling prototypes like ours from greenhouses to global agriculture requires strong international collaboration. Supportive policies and knowledge sharing will accelerate the deployment of intelligent water management systems. This will empower farmers globally to achieve more sustainable and resilient food production.

Woo Soo Kim receives funding from Natural Sciences and Engineering Research Council of Canada and Mitacs.

– ref. Autonomous AI systems can help tackle global food insecurity – https://theconversation.com/autonomous-ai-systems-can-help-tackle-global-food-insecurity-258788

MIL OSI – Global Reports –

June 26, 2025
MIL-OSI Africa: Djibouti: Staff Concluding Statement of the 2025 Article IV Mission

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

Download logo

Djibouti has been navigating regional tensions well, with robust growth, moderate inflation, and recovering reserves. In response to global uncertainties and domestic debt challenges, the authorities plan significant fiscal consolidation, including leveraging state-owned enterprises (SOE) dividends meaningfully, and advancing creditor dialogue. The authorities remain dedicated to investing in human capital and creating favorable investment conditions for job creation.

Djibouti’s economic resilience and contribution to regional stability

Djibouti helps maintain regional stability by supporting maritime security and facilitating humanitarian responses during crises. Djibouti’s GDP per capita has effectively doubled over the past decade thanks to significant investments that have contributed to the modernization of the economy. However, declining government revenues and increasing debt service have placed considerable strain on public finances, leading to unsustainable levels of public debt and diminishing reserves. Growth has not created enough jobs in the formal sector, while fiscal space to finance development needs is limited.

The authorities are leveraging Djibouti’s growth resilience to advance fiscal consolidation and rebuild reserves. Growth is expected to have exceeded 6.5 percent in 2024 due to increased transshipments amid Red Sea tensions, while moderate international food and energy prices kept inflation in check. The government deficit was reduced from 3.5 percent of GDP in 2023 to 2.6 percent in 2024 following a brief period of fiscal overruns and deficit monetization, and reserves have begun to recover partially offsetting the decline observed since late 2023, though they remain below the monetary base.

The outlook is positive but subject to risks in an uncertain global context. Growth is projected to remain dynamic at around 6 percent this year and to continue over the medium term, albeit at a slower pace. Ethiopia’s robust economy is expected to boost Djibouti’s port activities; however, fiscal consolidation and the phasing out of large-scale investments may temper growth. Key risks include regional conflicts potentially increasing migration and affecting social stability amid a constrained fiscal space, and trade policy shifts that could depreciate the dollar and Djibouti franc, enhancing service exports but also raising inflation. Nonetheless, it is worth noting that Djibouti has successfully navigated several shocks over the past few years, including COVID-19, the 2022 Tigray crisis, the Ukraine war, and the 2024 Red Sea maritime disruptions.

Leveraging resilience for fiscal sustainability and rebuilding reserves

In the face of high global and regional uncertainty, Djibouti needs to quickly strengthen its economic resilience by restoring debt sustainability, safeguarding the currency board, and fostering inclusive growth. To this end, the authorities intend to strengthen fiscal consolidation and enhance financial transparency and governance of state-owned enterprises (SOEs) to unlock sustainable and meaningful dividend contributions to the national budget, restore reserves, and encourage private sector growth while protecting vulnerable populations.

Durable fiscal consolidation is essential for restoring debt sustainability. The substantial fiscal adjustment frontloaded in the 2025 budget and the balanced budget target for 2026 onward are welcome steps. To sustain progress, it is essential that all governmental entities endorse annual fiscal targets that align with a medium-term fiscal consolidation strategy. Success depends on robust expenditure management via the diligent operationalization of the recently approved Public Financial Management Reform Strategy and Action Plan 2024–27. Furthermore, a comprehensive fiscal roadmap should continue to broaden the tax base by enhancing VAT and capital income taxation, rationalizing tax exemptions included in the investment code and the Free Zones regime, and finalizing the digitization of tax agencies. The effective establishment of the tax policy unit remains a priority for accurately assessing tax bases and enhancing tax reform efficiency. Operationalizing the recently created large taxpayer office will also bolster compliance and revenue collection.

As Djibouti negotiates new terms for debt liabilities with creditors, well-managed and profitable SOEs can significantly aid national fiscal consolidation and restore reserves at the Central Bank of Djibouti (CBD), particularly following the dissolution of the Sovereign Wealth Fund (SWF). Building on ongoing efforts to improve SOE transparency and governance, it will be critical for the Executive Secretariat in charge of the State Portfolio (SEPE) to collect all SOEs’ financial statements and monitor their performance. Swiftly implementing the Code of Good Governance is also essential for establishing a more transparent dividend policy tied to SOE performance, thereby mobilizing dividends more consistently and meaningfully for the budget, improving SOE efficiency and services, and appropriately right-size them. Additionally, fiscal transparency can be strengthened by discontinuing financial settlement practices for clearing government arrears with SOEs, and by improving coordination among the Ministry of Budget, line ministries, and SEPE for more effective budget risk management.

Alongside fiscal consolidation, completing ongoing debt negotiations and addressing outstanding arrears with external partners are critical for debt sustainability. Equally important is implementing binding limits on borrowing for the central government, SOEs, including their participation in public-private partnerships, and ensuring these are enforced by the Public Sector Debt Committee.

The mission is encouraged by the recent recovery in reserves and urges continued progress. To strengthen the currency board, the authorities plan to amend the CBD law to enhance its autonomy, which will help sustain reserves, exchange rate, and inflation stability. They also plan to introduce reserve requirements as a prudential tool, with implementation expected to follow a phased approach. Additionally, under MENAFATF’s enhanced monitoring, Djibouti is reforming its AML/CFT framework, improving the business climate, and enhancing oversight of the banking sector due to its significant offshore component and rising government exposure. To facilitate policy making, the authorities are leveraging technical assistance provided by the IMF to enhance their coverage and quality of statistics relevant to surveillance, with a focus on national accounts, the fiscal and external sectors.

Advancing inclusivity through private sector development and employment creation

The government aims to foster economic growth and social equity. They aim to improve the existing targeting of the current fuel subsidy scheme. In order to create a more effective and equitable social protection system and reduce budget exposure to international energy prices, the authorities should gradually replace the current subsidy system with the strengthening of targeted cash transfers to the most vulnerable households, relying on the national social register. To attract investments and create jobs, they are enhancing access to education and job training under the 2021–35 education master plan. They aim to diversify the economy in sectors such as logistics and connectivity, tourism, agribusiness, and fisheries. To enable economic diversification, it is essential to develop a comprehensive roadmap with specific actions aimed at enhancing access to finance, streamlining administrative procedures, and expanding reliable and affordable internet services and electricity, including through increased bill collection, technical efficiency, and the adoption of cost-efficient renewable energy. These initiatives will enhance Djibouti’s business environment, which is already supported by a stable macroeconomic climate, a currency board, ports infrastructure, and connectivity to Ethiopia’s large market, all aligning with the objectives of Djibouti Vision 2035.

“The mission team expresses deep appreciation to the Djiboutian authorities and other counterparts for their warm hospitality, excellent cooperation and candid discussions, and looks forward to continuing close engagement.”

– on behalf of International Monetary Fund (IMF).

MIL OSI Africa –

June 26, 2025
MIL-OSI USA: Lummis Leads Digital Asset Subcommittee Hearing Highlighting Need for Clear Regulations for Digital Assets

US Senate News:

Source: United States Senator for Wyoming Cynthia Lummis

June 25, 2025

Washington, D.C.— Senate Banking Subcommittee on Digital Assets Chair Cynthia Lummis (R-WY) led the Digital Asset Subcommittee Hearing entitled “Exploring Bipartisan Legislative Frameworks for Digital Asset Market Structure” highlighting the need to clearly allocate jurisdiction among regulators in order to maintain the United States’ leadership in financial innovation.

“The days of America sitting on the sidelines while the digital asset industry moves overseas are over,” said Lummis. “For the first time in our nation’s history, we have the most pro-digital asset president in U.S. history, and we have a chairman at the helm of the Banking Committee who sees the immense value in the United States leading on digital assets. We must work to immediately pass comprehensive market structure legislation to secure our financial future for generations to come. Digital assets are the future, and we must ensure the United States leads the way.”

Senator Lummis’ full remarks can be found here.

MIL OSI USA News –

June 26, 2025
MIL-OSI USA: Government Technology recognizes 2024 Oregon Summer EBT for best practices

Source: US State of Oregon

he Oregon Department of Human Services (ODHS) was recognized in a national Government Technology Case Study for its excellence in the use of smart technology in rolling out the Summer EBT program. As a result, more than 362,000 children were able to get more food during summer 2024.

About Summer EBT

Thousands of children in Oregon rely on free or reduced-price school meals. But what happens in the summer months when these meals are gone? This is called the summer hunger gap. To address this gap, the federal government last year rolled out a new program to provide food to school-aged children during the summer months.

Oregon was one of 35 states to pick up on the federal Summer Electronic Benefits Transfer (EBT) program, which provided a total of $120 in nutrition benefits for each eligible child when school is out.

Summer EBT qualification is based on income. For families to qualify, the household income needs to be under 185 percent of the federal poverty level.

“The majority of the people we served are working. It could be part time or they’re just starting off – they are bringing in income but it’s just not enough. The Summer EBT helps supplement their food budget for their children,” Singer said.

A tight timeline

It was go-time for ODHS in early 2024. There was only 16 weeks to set up a new program, bring in community partners, identify and reach out to eligible families, create communication plans and products, and establish the innovative technology needed to accomplish this task. ODHS is the lead agency and administers this program in partnership with the Oregon Department of Education (ODE).

“It was a very short amount of time to build an entire system. The challenge was to quickly build a system to deliver quality services not only for this year but next year also,” Nate Singer, ODHS Oregon Eligibility Partnership (OEP) Director, said. OEP is responsible for determining eligibility for people applying for benefits and processing applications to deliver those benefits.

Goal setting

Initial estimates in 2024 projected that Oregon would provide Summer EBT to at least 294,000 children.

“The one thing I wanted for the project was to exceed that expectation because that would mean we would be providing more services for families and we could increase our outreach for all the of the services ODHS offers,” said Christine Doody, Self-Sufficiency Programs Policy Business Manager and Program Manager for Summer EBT.

The expectation was exceeded about 68,000, meaning more than 362,000 children were able to get food benefits last summer.

Innovation in action

To identify eligible children, OEP used data from ODHS and ODE. Most children who received the benefit were “automatically eligible” because they receive other benefits. These families didn’t need to apply, and the benefit was automatically added to their Oregon EBT card.

Other families needed to apply. ODHS brought in contractors Amazon Web Services and Deloitte Consulting to help with the technology and planning to make applying easy.

“We tried to make it simple as possible. People could apply with a paper application or online. The online application could be done on a mobile phone. If someone had questions about whether they needed to apply or needed help to apply, they could call the Summer EBT Call Center to talk to someone. The call wait time was below five minutes. People could hear right then, on the phone, they would get their benefits if they applied. It took minutes,” Singer said.

The Oregon Summer EBT Call Center included an Interactive Voice Response system offering self-service options for supported languages: English, Spanish, Russian, Vietnamese, Somali, Mandarin, Cantonese, Arabic, Ukrainian, and Chuukese. For other languages, or for other assistance, the calls could be routed to help.

“This gave families the ability to take control of their case. They could use voice activation to say, ‘I want text messages’ from us, or they could change their demographic information or ask for a new card. The family could do that on their own,” Doody said.

This population of customers – families with children in school – are used to getting texts and email from their schools, so they were already familiar with getting information this way. In fact, 99 percent of families that needed to apply chose to use the online application rather than a paper application. Those that used the online caption reported a 96 percent satisfaction rating.

Communications and community engagement

There was also communications and community engagement support, as well as an effective feedback loop. A workgroup with community representatives, such as the Oregon Food Bank and Partners for a Hunger Free Oregon, was in place. The community partners advised on all communication products such as news releases, the application design and social media kits.

“We worked together to get the information as far out to communities as we could. We were also able to get good data from the Call Center to let us know how we were doing. We had a strong feedback loop that we responded to quickly,” Christy Sinatra, ODHS Senior Communications Advisor, said.

For example, people asked if children in charter, private schools, or home schools could be included in Summer EBT. The answer was, yes, if they are found to be eligible. It was also important to communicate to people that the Summer EBT benefits expired after 122 days – so it was important to use them before then.

“We are trying to increase equity and access. There’s not just one approach. We pushed many communications and engagement levers – technology, in-person outreach, digital communications, community partnerships, media exposure. All those things working together to make the program successful and making sure every eligible kid gets this,” Sinatra said.

“The Oregon Summer EBT program demonstrated the strength of cross-agency collaboration and intentional program design. Staff were equipped with thoughtful tools and invited to shape how the program would operate, ensuring that those on the ground had a voice in critical decisions. That partnership—from planning to implementation—meant that families and children not only received meaningful support but also felt seen, heard, and cared for. The feedback from the community speaks volumes about the impact of that collective effort,” Singer said.

“The project was just overwhelmingly amazing. I just hope that people read this and apply for this summer,” Doody said.

2025 Summer EBT began May 22

The 2025 Summer EBT launched Thursday, May 22, 2025. Applications will be accepted through Wednesday, September 3, 2025.

ODHS will be running the whole program this summer – setting a goal of serving 375,000 children.

“We will be doing additional outreach, based on data and staff feedback, and providing new ways to engage with people such as going out to more schools and community events,” Doody said.

The program is set to: expand tactics to better reach people and communities that data showed were underserved; help schools connect families to Summer EBT; and increase strategic partnerships that serve priority audiences.

Resources:

Learn more about Summer EBT including how to apply for this benefit for your children: https://www.oregon.gov/odhs/food/pages/sebt.aspx.

Double Up Food Bucks Oregon: Visit https://doubleuporegon.org/ to learn how to double your SNAP and Summer EBT dollars at farmer’s markets, produce stands, community supported agriculture programs and grocery stores.

MIL OSI USA News –

June 26, 2025
MIL-OSI Global: Alasdair Gray: unseen artworks offer insight into a profoundly creative and original artist

Source: The Conversation – UK – By Blane Savage, Lecturer in MA Creative Media Practice and BA(Hons) Graphic Art & Moving Image, University of the West of Scotland

Artist, writer, playwright, illustrator – and the man who made the Oscar-winning film Poor Things possible – Alasdair Gray was one of Scotland’s great creative polymaths and eccentrics, now celebrated every year on “Gray Day” (February 25). A new exhibition at the Kelvingrove Art Gallery in Glasgow has opened to reveal a selection of nine previously unseen artworks from The Morag McAlpine Bequest.

This is the first time works have been on display from the bequest gifted by him to Glasgow Life Museums following the death of his wife in 2014, which comprises artworks he created for her on anniversaries, birthdays and Christmas.

A small show like this cannot fully do justice to the vibrancy and volume of Gray’s output, but these nine pieces give a broad flavour of the artist’s working style and idiosyncratic idea development.

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Gray was a graduate of Glasgow School of Art where he specialised in murals and stained glass. In addition to being a talented artist and writer, he was also a professor of creative writing at Glasgow University.

His landmark novel Lanark: A Life in Four Books (1981), a story within a story of adolescence, with the mythical Unthank standing in for Glasgow, has been praised as a modern classic.

His influence on the Scottish art and literary scene was a powerful one. Regarded as the father figure of the Scottish Renaissance in art and literature, Gray’s postmodern work was a merging of realism, fantasy and science fiction, interwoven with his socialist political views. This was supported by his own book illustrations and typography. He inspired many young Scottish writers, including Irvine Welsh and Iain Banks.

Gray was also a strong Scottish nationalist. Inspired by a poem by Dennis Lee, Gray’s epigram, “Work as if you live in the early days of a better nation” was inscribed on the wall of the new Scottish Parliament building when it opened in 2004.

His creative works are deeply embedded in the psyche of the west end of Glasgow. Several of his murals are on display there, such as the one at the top of the escalators in Hillhead subway station, the surreal collages in The Ubiquitous Chip restaurant and the extraordinary night-sky ceiling fresco in Òran Mór, a church-turned-bar. These murals are a hybrid of styles, often black and white linear illustrations filled with colour, traditional painting and printmaking techniques.

These “new” artworks on display show different aspects, stages and details of Gray’s creative practice when designing artwork for print, such as the Tippex-infused works that allowed him to merge disparate elements of his cut-out collages.

The highlights of the show include the original artwork for his novel Poor Things, a subversive post-modern rewrite of Mary Shelley’s Frankenstein, set in and around Glasgow, and adapted by filmmaker Yorgos Lanthimos in 2023.

Read more:
Poor Things: meet the radical Scottish visionary behind the new hit film

The illustration features the anti-hero Godwin Baxter hugging two smaller figures – the reanimated Bella Baxter and Archibald McCandless MD, the primary narrator of the novel. They are surrounded by anatomical illustrations of body parts and in the centre a woman’s head has been cut open revealing her brain. Gray’s illustrative style utilises bold ink outlines, watercolour washes and solid blocks of colour.

The front cover illustration of Agnes Owen’s A Working Mother (1994) with black line work and solid acrylic colour washes, reflects Gray’s interest in everyday life and how alcohol smooths over the cracks. Hung beside it are two versions of working class figurative character sketches for People Like That (1996), in a similar style.

A black and white illustrated jacket design for Old Negatives (1989), Gray’s four-verse sequence describing aspects of love in its “absences and reverses”, has been designed using solid blocks of black with repeating motifs engraved within them.

Also included is a self-portrait of Gray as playwright, together with a series of 12 small black-and-white portraits of the performers of his play in Working Legs: A Play for Those Without Them (1997) performed by the Bird of Paradise Theatre Company. Set in a world of wheelchair users, those who can walk are monitored by the welfare state.

Gray was known for illustrating friends and family as revealed in his artwork Simon Berry and Bill MacLellan, Glasgow Publishers, Jim Taylor, Australian Writer and Printer, Shelley Killen, USA artist, where are all the figures of the title are roughly drawn with pencil and ink. The solid blue background is painted in acrylic, overlaid with Gray’s inked observations of each.

On the ground floor is what Gray called “my best big oil painting”, of a Cowcaddens streetscape in the 1950s which is by far the strongest piece on display here. Gray takes a wide-angled, almost fish-eye lens perspective to capture a famous Glasgow neighbourhood that was partially demolished and modernised in postwar development.

St Aloysius Church in Garnethill and Speir’s Wharf at Port Dundas can still be clearly seen, connecting us to the Glasgow of the present day. Gray’s narrative-driven imagery of daily life plays out, with local characters, playing children and besuited pals going out for the evening, all framed by street lamps and tenements immersed in a dark foreboding industrialised landscape.

Gray’s illustrations and artworks resonate not only with a celebration of Glasgow’s places, characters and life, they also give us insights into the intensely personal psyche of a creative genius. It’s a shame that more of this particular bequest could not have been displayed, but an opportunity to see these previously unseen works is most welcome.

Alasdair Gray: Works from the Morag McAlpine Bequest will be on show at the Fragile Gallery, Kelvingrove Art Gallery and Museum, Glasgow until June 2026

This article features references to books that have been included for editorial reasons, and may contain links to bookshop.org. If you click on one of the links and go on to buy something, The Conversation UK may earn a commission.

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

– ref. Alasdair Gray: unseen artworks offer insight into a profoundly creative and original artist – https://theconversation.com/alasdair-gray-unseen-artworks-offer-insight-into-a-profoundly-creative-and-original-artist-259470

MIL OSI – Global Reports –

June 26, 2025
MIL-OSI: Highest Payout Online Casino 2025 from WildCasino: Announcing the Latest Crypto & Bitcoin Online Casinos for Big Wins
Source: GlobeNewswire (MIL-OSI)

Willemstad, Curaçao, June 25, 2025 (GLOBE NEWSWIRE) —

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What Makes a High Payout Online Casino?

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High Payout Online Casinos Summary

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Media Contact: Alan Jarvis

Project name : Wild Casino

Company Website: https://wild-casino.live/

Email: support@wild-casino.live

Phone: (08) 8326 3976

Scharlooweg 39, Willemstad, Curaçao

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The MIL Network –
June 26, 2025
MIL-OSI: Highest Payout Online Casino 2025 from WildCasino: Announcing the Latest Crypto & Bitcoin Online Casinos for Big Wins
Source: GlobeNewswire (MIL-OSI)

Willemstad, Curaçao, June 25, 2025 (GLOBE NEWSWIRE) —

The online casino industry is entering a bold new era in 2025, thanks to the explosive growth of digital currencies and cutting-edge gaming technology.

Today, Wild Casino proudly announces its position as the premier destination for players seeking the highest payouts, seamless cryptocurrency integration, and a world-class gaming experience.

With a strong commitment to innovation and player-centric features, Wild Casino is revolutionizing the way enthusiasts enjoy online gambling.

By embracing popular cryptocurrencies such as Bitcoin, Wild Casino empowers players with lightning-fast transactions, enhanced privacy, and access to a new generation of high payout games.

This marks a significant leap forward for players who demand both excitement and the opportunity for substantial wins.

Wild Casino’s launch signals a new benchmark for security, fairness, and entertainment in the online gaming landscape. View Wild Casino High Payout Casino Latest Promotions

Players now have the opportunity to maximize their winnings while enjoying the convenience and anonymity that only crypto-friendly platforms can provide.

For those eager to experience the future of online gambling—where big wins and next-level privacy go hand in hand—Wild Casino is leading the way in 2025.

Wild Casino 2025: Where High Payouts Meet the Crypto Revolution

Online casinos have changed a lot in recent years, but few have managed to stand out the way Wild Casino does in 2025.

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This is a site that truly puts players first, whether you’re spinning the reels for fun or looking to cash in big.

What really sets Wild Casino apart is its commitment to high payouts and a seamless crypto-friendly experience.

If you’re searching for a casino that pays well and welcomes Bitcoin, Ethereum, and other digital coins, Wild Casino might just be your new favorite.

Crypto-Friendly Banking: Fast, Private, and Stress-Free
- A Home for Crypto Gamblers Wild Casino has embraced cryptocurrencies like few others in the industry. Not only can you make deposits and withdrawals using major coins like Bitcoin, Ethereum, and Litecoin, but the process is refreshingly simple. It’s clear the team behind Wild Casino understands what crypto users want: speed, privacy, and flexibility.
- Quick and Convenient Transactions One of the biggest gripes players have with online casinos is how long it can take to cash out. That’s not a problem here. Crypto deposits show up almost instantly, and withdrawals are processed within hours—sometimes even faster. You also avoid a lot of the fees and red tape that come with traditional payment methods.
- Keeping Your Details Private Another perk of using crypto at Wild Casino is the added layer of privacy. While the casino complies with licensing regulations and collects the basic info, using digital currencies means you don’t have to share sensitive banking details. For many players, that peace of mind is priceless.
Ready for Huge Wins? Start Playing at Wild Casino, the Leading Crypto Casino of 2025!

High Payouts: More Money Back in Your Pocket

Generous RTP Across the Board

Let’s talk about what most players care about: payouts. Wild Casino is known for offering games with some of the highest Return to Player (RTP) percentages around. Whether you’re spinning slots or playing blackjack, you’ll find plenty of options with RTPs in the 96–98% range. Over time, that can make a real difference in your bankroll.

A Game Library That Delivers

There’s no shortage of choice here. Wild Casino’s lineup includes hundreds of slots, dozens of table games, and a truly impressive live dealer section. Slot fans can chase big progressive jackpots or stick with classic games, while table game lovers will appreciate the variety of blackjack, roulette, and baccarat on offer. The live casino brings the excitement of a real casino floor right to your screen, and it’s all optimized for mobile if you prefer to play on the go.

Bonuses and Promotions: Crypto Players Get Extra Love

Welcome Offers That Stand Out

If you’re new to Wild Casino, you’re in for a treat. The welcome bonus is especially generous for those depositing with crypto, often giving you a bigger match or extra spins compared to regular payment methods. It’s a great way to get started with a boosted bankroll.

Regular Rewards for Loyal Players

Wild Casino doesn’t forget about you after your first deposit, either. There are plenty of reload bonuses, ongoing promotions, and tournaments to keep things interesting. Crypto users sometimes get access to exclusive deals, so it pays to keep an eye on the promo page.

User Experience: Smooth Sailing on Any Device

Easy to Navigate

It’s clear Wild Casino has put thought into its website design. Everything from signing up to finding your favorite games is straightforward. The site is responsive, loads quickly, and works just as well on your phone or tablet as it does on a desktop.

Support When You Need It

Customer support is available 24/7 through live chat and email. The team is friendly and helpful, which is always reassuring if you ever hit a snag or have a question about your account.

Security, Fairness, and Responsible Gaming

Licensed, Audited, and Transparent

Wild Casino operates with a proper gaming license and has its games independently audited for fairness. This means you can play knowing the odds are real and the outcomes are random. Security is also a top priority, with SSL encryption protecting your personal and financial data at all times.

Commitment to Safe Play

Responsible gambling isn’t just a buzzword here. Wild Casino provides tools for setting deposit limits, taking breaks, or self-excluding if you ever need to. There’s also plenty of information for those seeking help, showing a genuine commitment to player wellbeing.

Is Wild Casino Worth a Try in 2025?

If you’re looking for a casino that combines high payouts with a modern, crypto-friendly approach, Wild Casino ticks all the boxes. Fast and private banking, generous bonuses, a wide selection of games, and a trustworthy reputation make it an excellent choice for both new and experienced players. Whether you’re hoping to win big or just want a fun, secure place to play, Wild Casino is one of the best options out there in 2025. Give it a spin—you might just find your new favorite gaming home.

What Makes a High Payout Online Casino?

When we talk about the highest paying online casinos, we’re referring to platforms that consistently offer players better odds and bigger returns on their bets. The main factor to look for is the Return to Player (RTP) percentage, which measures how much of the money wagered on online casino games is paid back to players over time. For example, if a slot machine boasts a 97% RTP, it means that, on average, $97 of every $100 wagered is returned to players.

This is why finding the best payout online casino is so important for anyone who wants to maximize their wins. Higher RTPs translate to more favorable online casino payouts and a greater chance of success, especially when playing for real money. Whether you prefer spinning slots, trying your luck at the blackjack tables, or joining a live dealer game, choosing a casino known for high payout rates can make your gaming sessions more rewarding and stretch your bankroll further.

Real money online casinos that prioritize transparent RTPs and fair gaming are the ones that attract savvy players. These casinos also tend to offer attractive online casino bonuses and a wide selection of real money casino games, giving you even more opportunities to play and win.

Why Play at a Crypto or Bitcoin Online Casino?

The growing popularity of real money online casinos that support cryptocurrencies is no coincidence. Crypto and Bitcoin casinos are rapidly becoming the go-to choice for players seeking convenience, privacy, and speed. One of the most significant advantages is how quickly you can deposit and withdraw funds. Unlike traditional payment methods—which often require days to process online casino payouts—crypto transactions are usually completed within minutes, getting your winnings to you faster.

Security and privacy are other major draws. Many of the best payout online casinos that accept Bitcoin or other digital currencies require minimal personal information. This lets you enjoy your favorite online casino games while keeping your identity and financial details secure. Additionally, crypto payments are typically free from the high fees associated with bank cards and wire transfers.

Another benefit is accessibility—players from all over the world can join in, regardless of their local banking regulations. The decentralized nature of cryptocurrencies eliminates the need to worry about regional restrictions or currency conversion hassles, making the gaming experience at real money casinos smoother and more inclusive.

Ultimately, if you’re looking for a modern, efficient, and player-friendly way to enjoy high RTP games, crypto and Bitcoin casinos are among the very highest paying online casinos available today.

How to Choose the Best Paying Online Casinos for Crypto and Bitcoin

With so many casino sites and offshore online casinos available in 2025, finding the best paying online casino for your real money gaming can feel overwhelming. The first step is to make sure the platform is fully licensed and operates where online casinos are legal. This ensures your chosen casino is committed to fair play, transparency, and player protection, providing you with a safe online casino experience.

Variety is another key factor. The top online casino platforms offer a robust selection of the best online casino games, including high RTP online slots, table games, and live dealer games. If you want to maximize your chances for big wins, always check the RTP and look for the best payout casino games—these titles consistently return more to players and are a hallmark of any best paying online casino.

Bonuses and promotions can greatly enhance your experience and bankroll. Look for casino sites that provide generous welcome bonuses, ongoing promotions, and exclusive offers for crypto users. The best online casino brands often reward Bitcoin or Ethereum deposits with extra perks like free spins or reload bonuses, giving real money online players even more value.

Payment methods are also crucial when evaluating payout online options. The best online casino sites support a wide range of cryptocurrencies, ensuring fast, secure, and private deposits and withdrawals. Quick and reliable payout online processes are especially important for real money online casino fans who want immediate access to their winnings.

Customer support is another area that shouldn’t be overlooked. Reputable casino sites provide 24/7 assistance via live chat or email, ensuring you can get help with anything from bonuses to payout online questions. Finally, always check player reviews and independent ratings to confirm the casino delivers the best online casino experience and that the online casino pays out winnings promptly and fairly.

Wild Casino: A Top Online Casino for High Payouts and Crypto Gaming

When it comes to the best paying online casinos for crypto and Bitcoin in 2025, Wild Casino is earning widespread recognition as a top online casino and a leader in the industry. Wild Casino is fully licensed and compliant with all regulations, so you can play with confidence knowing you’re at a site where online casinos are legal and player safety is a priority.

Wild Casino’s game selection is second to none, offering hundreds of real money online slots, classic table games, and an impressive range of live dealer games. Whether you love spinning the reels or taking a seat at a real-time blackjack table, you’ll find some of the best payout casino games available. This platform is especially popular for its consistently high RTP rates, giving players a real shot at substantial returns. With so many best online casino games to choose from, there’s something for every type of player.

Crypto enthusiasts will appreciate how easy Wild Casino makes it to deposit, play, and withdraw using Bitcoin, Ethereum, Litecoin, and other digital currencies. Not only are crypto transactions fast and secure, but the casino’s payout online process is remarkably efficient—winners often receive their funds within hours. This commitment to speedy payouts is a big reason why so many real money online players choose Wild Casino as their go-to destination.

Bonuses are another strong point. New players can take advantage of generous welcome offers, especially when depositing with crypto, while regulars enjoy reload bonuses, free spins, and special tournament rewards. These online casino bonuses give everyone more chances to play and win.

Customer support is available 24/7 and the site is fully optimized for mobile, so you can enjoy the best online casino experience from anywhere. Whether you’re a seasoned pro or new to real money casinos, Wild Casino makes it easy to enjoy the best paying online casino games, fast payouts, and first-class support—all in a secure, crypto-friendly environment.

How to Maximize Your Winnings at High Payout Online Casinos

If you want to make the most out of your experience at high payout online casinos like Wild Casino, there are a few strategies you can employ. First, always take the time to review game RTP percentages. Focus on slots and table games with the highest payout rates to tilt the odds in your favor. Blackjack, for example, is known for its favorable odds when played with the right strategy.

Take full advantage of the casino’s bonuses and promotions. Welcome bonuses, reload offers, and free spins can significantly boost your bankroll and extend your playtime. However, always read the terms and conditions to understand wagering requirements and withdrawal limits associated with these offers.

Effective bankroll management is key to sustainable gambling. Set a budget before you start playing and stick to it, regardless of how hot or cold your streak is. This disciplined approach ensures you never bet more than you can afford to lose and helps you enjoy your gaming sessions without stress.

Don’t overlook progressive jackpot games, which can offer life-changing payouts. While the odds of hitting a massive jackpot are slim, someone has to win eventually—and it might just be you. Lastly, stay informed. Casinos like Wild Casino often run special promotions, tournaments, and events. Participating in these can give you extra chances to win big and add an extra layer of excitement to your experience.

Safety, Security, and Fair Play in Crypto Casinos

Playing at a reputable crypto casino like Wild Casino comes with a host of safety and security benefits. The platform uses state-of-the-art SSL encryption to protect all transactions and personal data, ensuring your information is never at risk. Many games at Wild Casino are independently audited for fairness, and the results are published for maximum transparency.

Fair gaming is another advantage of crypto casinos. This technology leverages blockchain to allow players to verify the randomness and fairness of each game outcome. It’s a level of transparency rarely matched by traditional online casinos and is a big reason why so many players trust platforms like Wild Casino.

Responsible gambling is also a priority. Wild Casino offers various tools to help players stay in control, including deposit limits, self-exclusion options, and links to support organizations. If you ever feel that your gambling is becoming problematic, these resources are there to help you get back on track.

Don’t Miss Out—Claim Your Welcome Bonus and Explore Wild Casino’s Latest High Payout Games Now!

Frequently Asked Questions (FAQ)

What is the highest payout percentage available at online casinos?
Some games at Wild Casino feature RTPs as high as 98% or more, particularly certain slots and table games. Always check each game’s info to find the best odds.

Are crypto casinos legal and safe?
Wild Casino is fully licensed and adheres to strict regulatory standards, making it both legal (where online gambling is allowed) and safe to play at.

How do I deposit and withdraw with Bitcoin?
Simply register at Wild Casino, navigate to the cashier section, and select Bitcoin as your payment method. The site provides clear instructions for both deposits and withdrawals, and most transactions are processed almost instantly.

Can I play anonymously at Wild Casino?
While some basic information is required to comply with licensing regulations, Wild Casino allows you to play with a high degree of privacy, particularly when using cryptocurrencies.

High Payout Online Casinos Summary

The future of online gambling shines brightly in 2025, with high payout crypto casinos like Wild Casino leading the way.

Embracing digital currencies, offering top-notch games with excellent RTPs, and prioritizing player security, Wild Casino delivers a superior gaming experience.

By choosing the right casino, focusing on high payout games, and playing responsibly, you can maximize your chances for big wins and enjoy all the excitement that online gambling has to offer.

If you’re ready to explore the best in crypto gaming, Wild Casino is your ticket to big wins and a world-class casino adventure.

Media Contact: Alan Jarvis

Project name : Wild Casino

Company Website: https://wild-casino.live/

Email: support@wild-casino.live

Phone: (08) 8326 3976

Scharlooweg 39, Willemstad, Curaçao

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The MIL Network –
June 26, 2025
MIL-OSI Africa: Comoros: Blue Economy Offers a Transformative Path to Sustainable Growth

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Comoros’ economy shows signs of recovery, surpassing pre-COVID-19 levels. Growth rose from 3 percent in 2023 to 3.4 percent in 2024, driven by household consumption supported by a 5.4 percent increase in remittances and strong services sector performance. Average annual inflation declined from 8.5 to 5.0 percent in 2024, reflecting the stabilization of global commodity prices and lower inflation in the Eurozone. Growth is projected to reach 4 percent by 2027, fueled by consumption and planned investments. However, poverty is projected to decline only slightly, due to modest GDP growth, high inequality, and weak social protection. Using the lower middle-income poverty line of $3.65 per day, the poverty rate is estimated at 38.1 percent in 2024 and expected to fall marginally to 37.2 percent in 2025.

“Persistent poverty and high inequality in Comoros reflect deep regional disparities and structural challenges. Low labor participation, underemployment, and limited access to quality education continue to hold back productivity and incomes. While remittances offer short-term relief, they cannot replace a dynamic, self-sustaining economy,” said Boubacar-Sid Barry, World Bank Resident Representative in Comoros. “Without bold reforms, poverty may deepen. The World Bank is committed to supporting Comoros on its path toward more inclusive and sustainable growth.”

The first edition of the Comoros Economic Update: An Ocean of Opportunities from the World Bank highlights that, without addressing structural barriers to investment and external competitiveness, growth will remain fragile. This will hamper job creation and income growth needed to reduce poverty and strengthen resilience to future shocks. The report also warns of significant downside risks. Comoros remains highly vulnerable to climate-related disasters, while rising fiscal pressures, contingent liabilities from state-owned enterprises, and a fragile banking sector increase macroeconomic risks. The current account deficit is expected to widen in the medium-term due to structural trade imbalances and infrastructure-driven imports, emphasizing the need for export diversification, stronger external buffers, and sustainable financing strategies.

The blue economy offers a transformative opportunity for Comoros to achieve sustainable and inclusive growth, according to the focus section of this report. With targeted reforms and strategic investments, it has the potential to elevate Comoros to upper-middle-income status by 2050, requiring sustained annual GDP growth of 6.1 percent. Fisheries have demonstrated strong performance, averaging 11.4 percent of GDP between 2018 and 2024. Modernizing the sector could increase its contribution to 16 percent by 2035. Marine tourism also holds significant promise, with the potential to quadruple visitor arrivals by 2030 and contribute over 6 percent of GDP by mid-century. Integrated development of eco-tourism, sustainable fisheries, and marine conservation can further promote inclusive growth while protecting natural ecosystems. However, achieving this vision will depend on restoring natural capital, expanding renewable energy, upgrading infrastructure, and strengthening environmental safeguards.

“Comoros stands at a turning point. The shift toward services and the blue economy has the potential to make Comoros a regional leader in sustainability. By 2040, services could contribute nearly two-thirds of GDP, with tourism and fisheries driving inclusive growth. Strong governance and sustained investment in these sectors can unlock lasting opportunities for people and protect the country’s natural wealth,” said Patrick John McCartney, Senior Economist at the World Bank in Comoros and author of the report.

A well-executed blue economy strategy can position Comoros as a regional leader in sustainable marine resource management while driving economic diversification, job creation, and resilience. Fully leveraging the synergies between fisheries, tourism, and conservation will be key to maximizing economic benefits while protecting vital natural assets. Strategic investments in governance, infrastructure, market access, and environmental sustainability can help transform the blue economy into a pillar of national development. This vision aligns with the objectives of the Plan Comoros Émergent 2030 (PCE 2030). By capitalizing on its rich marine resources, Comoros can pave the way for a more prosperous and sustainable future, achieving its ambition of reaching upper-middle-income status by 2050.

Distributed by APO Group on behalf of The World Bank Group.

MIL OSI Africa –

June 26, 2025
MIL-OSI Russia: HSE held the fifth School on Financial Technologies

Translation. Region: Russian Federal

Source: State University Higher School of Economics – State University Higher School of Economics –

At the beginning of June Faculty of Computer Science HSE held its fifth anniversary Fintech School, organized basic department of PJSC Sberbank “Financial technologies and data analysis”More than 200 students, teachers and practitioners gathered in the HSE building on Pokrovsky Boulevard to listen to presentations by experts from major companies.

On the first day, Yevgeny Solovyov, Deputy Director of the Innovation Department of the National Payment Card System, and bachelor’s degree graduates presented their reports. “Software Engineering” Timofey Looze, Head of Product Analytics Group for Factoring at Ozon Bank, and Ekaterina Karavaeva, Research Intern Cloud and Mobile Technologies Labs Faculty of Computer Science at the Higher School of Economics, engineer-developer of the platform solutions department at T-Bank.

The second day of the school was opened by Sber’s Senior Vice President, Head of the Risks Block, Dzhangir Dzhangirov. He told how Sber makes decisions around the clock, what technologies operate “under the hood” of the company and what role AI plays in this. Sber was also represented by Evgeny Sokolovsky, Executive Director, Leader of the Antifraud in Lending to Individuals product and a Master’s degree teacher “Financial Technologies and Data Analysis” HSE Faculty of Computer Science. He gave a lecture entitled “Antifraud in the Age of AI Accomplices.”

At the end of the school, the participants listened to lectures from Fedor Pakhurov, a research intern project-training laboratory “Artificial Intelligence in Mathematical Finance” HSE Faculty of Computer Science, and speakers from Alfa-Bank – Victoria Baykova, head of the LLM development projects program, and Artem Karavaev, head of advanced analytics projects.

The presentations focused on the most relevant topics — financial innovations and technologies, including the use of artificial intelligence, blockchain, and APIs in fintech. Experts spoke about low-code solutions for accelerating business processes and data approaches that transform traditional banking. Special attention was paid to combating fraud in the AI era, as well as diffusion generative models and RAG systems. Automatic machine learning and its role in automating data analysis for business monetization were also discussed.

During the breaks between lectures, participants had the opportunity to get to know each other better, discuss the knowledge they had gained, and ask questions to industry experts.

Speakers and participants shared their impressions of the school.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

MIL OSI Russia News –

June 26, 2025

MIL-OSI: Siili Solutions Plc: Share Repurchase 25.6.2025

Source: GlobeNewswire (MIL-OSI)

Siili Solutions Plc	Announcement 25.6.2025


Siili Solutions Plc: Share Repurchase 25.6.2025

In the Helsinki Stock Exchange

Trade date	25.6.2025
Bourse trade	Buy
Share	SIILI
Amount	600	Shares
Average price/ share	6,3400	EUR
Total cost	3 804,00	EUR


Siili Solutions Plc now holds a total of 17 749 shares
including the shares repurchased on 25.6.2025

The share buybacks are executed in compliance with Regulation
No. 596/2014 of the European Parliament and Council (MAR) Article 5
and the Commission Delegated Regulation (EU) 2016/1052.

On behalf of Siili Solutions Plc

Nordea Bank Oyj

Sami Huttunen	Ilari Isomäki

Further information:
CFO Aleksi Kankainen
Email: aleksi.kankainen@siili.com
Tel. +358 50 584 2029

www.siili.com

Attachment

SIILI 25.6.2025 Trades

The MIL Network –

June 26, 2025

MIL-OSI Banking: Apple Sports serves up tennis, just in time for Wimbledon
Source: Apple

Headline: Apple Sports serves up tennis, just in time for Wimbledon

June 25, 2025

UPDATE

Apple Sports serves up tennis, just in time for Wimbledon

The free iPhone app is also introducing a brand-new personalized home experience for fans

Apple Sports — the free app for iPhone that gives sports fans access to real-time scores, stats, and more, delivered with speed and simplicity — today added tennis to its growing list of supported sports.

Tennis fans can access live scores for Grand Slam® and 1000-level tournaments, and can track every point across all men’s and women’s singles matches, beginning with Wimbledon. Fans can stay updated on a player’s progress throughout the tournament, with live scores delivered incredibly fast in the same way fans have been loving from Apple Sports, plus get results from every match from the first round through the finals. Fans can follow all of the action as the tournament and season unfolds.

With Live Activities, Apple Sports delivers real-time updates directly to a user’s iPhone Lock Screen and Apple Watch.¹ Game Card Sharing lets fans share their excitement for any matchup across all supported leagues.

Today, Apple Sports also introduced a brand-new home experience, making it easier than ever for fans to personalize and follow their favorite teams and leagues. Events and matchups are now grouped by league, with intuitive controls for fans to set their preferred order, ensuring their top leagues appear first. Favorite teams always appear at the top, giving fans instant access to the scores and updates they care about the most.

About Apple Sports Apple Sports gives fans a simple and fast way to stay up to speed on the teams and leagues they love. Designed for speed and simplicity, the app’s personalized experience puts users’ favorite leagues and teams front and center, featuring an easy-to-use interface designed by Apple. Users can customize their scoreboards on Apple Sports by following their favorite teams, tournaments, and leagues. Fans can easily navigate between scores and upcoming games, explore play-by-play information and lineup details, and tap to go to the Apple TV app to watch live games from Apple and connected streaming apps.² Apple Sports also seamlessly syncs with favorites selected within the My Sports experience, including in the Apple TV app and Apple News. Apple Sports is available to download in the App Store in the U.S., the UK, and Canada. Availability and features may vary by country, region, or device. Apple Sports is free to use and is available for all iPhone models running iOS 17.2 or later.
1. To get Live Activities, fans must be on compatible Apple devices running iOS 18 and watchOS 11 or later.
2. A subscription is required for some services. Availability and content may vary by country or region.
Press Contacts

Olivia DeJesse

Apple

oliviad_22@apple.com

Sam Citron

Apple

citron@apple.com

Apple Media Helpline

media.help@apple.com
MIL OSI Global Banks –
June 26, 2025
MIL-OSI United Kingdom: UK government gathers business and environment leaders in support of UN nature agreement
Source: United Kingdom – Government Statements

Press release

UK government gathers business and environment leaders in support of UN nature agreement

UK Government hosts a major international nature finance event attended by His Majesty the King at Lancaster House.
Secretary of State Steve Reed speaking at Nature Action

·       Key commitments made by the private sector to deploy millions of dollars of investment for nature.

·       Comes after government announces modern Industrial Strategy to make the UK the sustainable finance capital of the world.

The UK has brought together foreign governments, Indigenous leaders, as well as leaders from business and finance representing trillions of pounds, to increase the flows of private finance to nature at an event today (25 June) at Lancaster House, London.

The event, called ‘Nature Action: Mobilising Frameworks and Finance’, included roundtable discussions of how to drive private-sector investment in nature, along with cross-sector announcements and commitments, and a reception attended by His Majesty the King.

Held during London Climate Action Week, and ahead of COP30 in Brazil in November, the event is designed to drive delivery of the deal agreed by almost 200 countries at the UN Nature summit in Montreal two years ago to halt and reverse biodiversity loss by 2030, as well as the Paris Agreement.

The global nature deal saw countries agree to a major increase in the amount of money invested in tackling nature loss and restoring threatened habitats. The agreement set out a target to mobilise $200 billion per year globally by 2030, including $20 billion in flows to developing countries by 2025, rising to $30 billion by 2030.

Private finance will play a crucial role in meeting these ambitious targets and funding the protection and restoration of nature. The event will showcase new and innovative ways to invest in nature, which is crucial to ensuring the health of our oceans and forests for the future. Raising finance for nature recovery will mean that these precious habitats continue to play vital roles in our ecosystems for future generations.

Environment Secretary Steve Reed, speaking at Lancaster House, said:

“Nature underpins everything. Without it there is no economy, no food, no health and ultimately no society.

“With this Government, Britain stands ready to lead on climate and nature.

“The UK is playing our part to protect nature at home and abroad. We will work with other nations around the world who commit to do the same.”

Ruth Davis, Special Representative for Nature, said:

“Nature is the bedrock of the world’s financial systems and economies. It is the air we breathe, the water we drink and the food we eat – but it is in crisis.

“We can no longer rely on public finance alone to tackle the scale of the challenge before us. We must harness the potential of the private sector to drive nature restoration, super-charging opportunities for businesses to see a return on investments in a nature-positive economy – the ambition shown today is a step along that journey.”

Tony Juniper, Chair of Natural England, said:

“We must embrace high ambition in mobilising the finance needed to achieve nature’s recovery, ending the short termism which is leading to the destruction of the natural systems on which we depend. The web of life is in decline, and urgent action is needed to halt and reverse the process of running down nature’s capital assets.

“Growing nature is an integral part of growing the economy; if we look after nature, it will look after us. Helpful progress has been made today and now we need to harness that for practical action”

This builds upon actions that the Government has already taken to direct private finance towards nature. In March, The British Standards Institution launched the Government-backed Nature Investment Standards, which will help nature-friendly investments across the UK to grow by building confidence among investors. The Government is also gathering views from industry on how to support economic growth while powering nature recovery, with a Call for Evidence currently underway seeking ideas from business and investors – delivering a key recommendation of the Corry Review and the commitments made in the Land Use Framework consultation.

This came alongside the announcement that the UK will join a new global coalition, the Friends of Cali Fund, which brings together governments and businesses to champion the fair and equitable sharing of benefits they derive from nature.

Business attendees used the summit to make announcements including:

Basecamp Research is expanding its biodiscovery network – adding Malawi, Hungary, and the Scripps Institution of Oceanography – extending its benefit sharing to 27 countries.

A future contribution to the Cali Fund by Ginkgo Bioworks, a leading biotech company

A new collaboration between Conservation International and Silvania to deploy millions of dollars of private capital into nature-based solutions. The collaboration will unlock further funding for the protection and restoration of critical ecosystems

Financial Sector Deepening Africa, a specialist African development agency, will launch a Nature Finance Innovation Lab with support from the UK Government to address the urgent need to unlock private investment in locally developed nature first projects

Environment Bank is launching an innovative Nature Shares product in the UK as a voluntary opportunity for business to invest in. These will help restore vital habitats such as woodlands and wetlands, improve water quality, build flood resilience, and enhance community access to nature.

London Climate Action Week brings together climate expertise and leaders from London and beyond to focus on local, national and international action to restore cut carbon emissions and keep global temperature increases below 1.5c.

Clean growth presents a huge opportunity for our economy and these measures come as part of a Government effort to make UK the sustainable finance capital of the world as part of our modern Industrial Strategy.

Growth opportunities will be seen all through London Climate Action Week. The Lancaster House event follows a recent launch of a Call for Evidence on expanding the role of the private sector in nature recovery – delivering a key recommendation of the Corry Review.

NOTES TO EDITORS

Tanya Steele, Chief Executive at WWF-UK said:

“Nature underpins our lives – from our food to the economy and even our mental health. Reversing the dramatic consequences of climate change and nature loss demands urgent action to safeguard the world we love. Investing now so people and the natural world don’t pay the price later is not just the right thing for the planet – it’s smart economics. It creates jobs, builds resilience, and reduces risks for governments, people, and businesses alike. But finance alone isn’t enough – without strong policies and regulations, we risk funding solutions with one hand while driving destruction with the other. As critical climate talks in Brazil approach, WWF urges leaders in government to put the policies in place and business to unlock the finance needed to end deforestation and reverse nature loss this decade.”

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Published 25 June 2025
MIL OSI United Kingdom –
June 26, 2025
MIL-OSI: Embassy Bank Appoints Adrienne Kwiatek-Holub to Vice President of Business Banking

Source: GlobeNewswire (MIL-OSI)

BETHLEHEM, Pa., June 25, 2025 (GLOBE NEWSWIRE) — Embassy Bank is proud to announce the appointment of Adrienne Kwiatek-Holub to Vice President of Business Banking. A seasoned professional with over 30 years of experience in commercial banking, Adrienne brings a wealth of knowledge, leadership, and a deep commitment to the Lehigh Valley community.

A native of Lehigh Valley, Adrienne earned her bachelor’s degree from Franklin & Marshall College, and her MBA from Lehigh University. Throughout her career, she has been a passionate advocate for local businesses and a dedicated community leader.

Adrienne is a former President of Commercial Real Estate Women (CREW) Lehigh Valley and currently serves on the Legacy and Inclusion Committees. She is actively involved in several nonprofit boards and is known for her enthusiastic support of youth programs as a proud “Band Parent” and “Scout Mom.”

Her professional and community contributions have earned her numerous accolades, including the SUITS Award from Equi-librium Inc., and recognition as a 2024 Women of Influence by Lehigh Valley Business. She has written articles that have been featured in Network Magazine and Lehigh Valley Business.

“We are thrilled to welcome Adrienne to the Embassy Bank team,” said David M. Lobach, Jr., Chairman, President and CEO, Embassy Bank. “Her experience, leadership, and deep roots in the Lehigh Valley make her an outstanding addition to our business banking group.”

About Embassy Bank

Embassy Bank For the Lehigh Valley is a full-service community bank operating ten branch offices in the Lehigh Valley area of Pennsylvania. The Bank is the largest Lehigh Valley headquartered community bank and, as of June 30, 2024, the Federal Deposit Insurance Corporation’s Summary of Deposits indicates that the Bank holds the 4^th spot in deposit market share in Lehigh and Northampton Counties combined. For more information, visit www.embassybank.com.

Contact:
David M. Lobach, Jr.
Chairman, President and CEO
(610) 882-8800

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e688509f-3896-4118-8a63-9f9dedaf06be

The MIL Network –

June 26, 2025
MIL-OSI Economics: BIS media briefing – The next-generation monetary and financial system
Source: Bank for International Settlements
BIS speech |

23 June 2025

by Hyun Song Shin and Andréa M Maechler

About the authors

Hyun Song Shin

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Andréa M Maechler

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Related information

Annual Economic Report 2025
MIL OSI Economics –
June 26, 2025
MIL-OSI Banking: Authority publishes findings of regulatory registers review

Source: Isle of Man

Published on: 25 June 2025

The Isle of Man Financial Services Authority has published the findings of a thematic review focusing on compliance with key elements of the Financial Services Rule Book 2016 in relation to regulatory registers.

The report, which is available to view online, highlights the results of a questionnaire and desk-based inspections involving low impact firms and professional officers supervised by the Authority’s Portfolio Division.

Examples of good practice and topics for improvement are captured, along with the Authority’s observations on the data. The findings from the two separate phases of the thematic project will help to inform the Authority’s picture of risk at a firm and sector level.

Regulatory registers are an important part of a robust compliance and risk management framework and assist areas such as risk management, audit and reporting, continuous improvement, and accountability and transparency. The review looked at how a selection of Island firms are meeting Rule Book requirements in respect of Conflicts of Interest, Complaints, Breaches and Pricing Errors.

Samantha Crookall, Senior Manager, Portfolio Supervision Division, said: ‘Our division oversees a large cohort of Island firms that are rated as low impact in line with the engagement model published as part of the Authority’s Supervisory Methodology Framework. This thematic review will enable us to further enhance our understanding of our low impact firms, as they differ in nature, scale and complexity.’

She added: ‘We hope the report provides further clarity to assist firms in meeting their obligations with the Rule Book in relation to regulatory registers and we’d like to thank all the firms for their positive engagement in this review.’

MIL OSI Global Banks –

June 26, 2025
MIL-OSI Banking: T Rowe Price Investment Management, Inc.

Source: Isle of Man

Published on: 25 June 2025

On 23 June 2025 the Isle of Man Financial Services Authority issued a Financial Services Licence to T Rowe Price Investment Management, Inc. under section 7 of the Financial Services Act 2008. The licence has immediate effect and covers class 2 (investment business), sub-classes (3) and (4) and class 3 (services to collective investment schemes), sub-class (6).

MIL OSI Global Banks –

June 26, 2025
MIL-OSI: Kaanch Presale Just Raised $2.5M in a Short Period—Investors Call It the Best Crypto to Buy Now

Source: GlobeNewswire (MIL-OSI)

DUBAI, United Arab Emirates, June 25, 2025 (GLOBE NEWSWIRE) — Kaanch has quickly become a very popular project, raising more than 2.5 million during the presale, and most investors and analysts recognize it as the most promising crypto to buy at the moment. This wave of interest is especially remarkable because the presale is only a few days away, attracting significant investments by different parties. The strong foundations and strategic location of the project are also adding to its reputation as one of the best investment opportunities in the present market conditions.

Presale Nears Closure: Final Opportunity for Investors

Kaanch is on the 7th stage of its presale, and the price of the token is 0.64 dollars. The project has already collected 2,530,726.1284873397 dollars, and it will have a fixed listing price of 30 dollars when it is listed in exchanges. As the presale is set to end in four days, investors are advised to take the opportunity to buy tokens at the current price before the presale is over. This short participation period is creating a lot of investor interest, and whales have been buying much more.

Upcoming Major Exchange Listing

KNCH will be listed on BitMart shortly, as well as, LBank and xT, at a fixed price of 30 dollars. This upcoming listing is causing quite a buzz, as it is a huge jump over the current presale price of $0.64, which means that early investors have a chance of making a lot of money. Future listings on the exchanges will also increase the visibility and liquidity of Kaanch, making it one of the best competitors in the cryptocurrency market.

Advanced Technological Infrastructure and Security

Kaanch stands out as the fastest and scalable blockchain to date with 1.4 million transactions per second (TPS) and 0.8-second finality, guaranteeing instant trade execution and optimal smart contract flows. The platform also has near-zero gas fees, which makes it very cost-effective on decentralized applications (dApps), microtransactions, and other payment solutions. Kaanch has 3,600 decentralized nodes, which allow tokenizing real-world assets and make transactions between businesses and individuals secure and instant. The project is community-based, with open governance and staking dashboard, and is enterprise and developer-friendly, which will allow easy integration of blockchain into the broader community. SpyWolf and VerifyLab have audited the robust infrastructure of Kaanch, which demonstrates its dedication to security and reliability. The maximum amount of Kaanch tokens is limited to 58 million.

Investment Accessibility and Incentives

Investors can purchase Kaanch tokens using ETH and USDT. The presale will have live staking rewards of up to 30% APY, which is a good incentive to early adopters. The project has a limited supply of 58 million tokens, and the demand is growing, which means that the project will grow in price quickly during and after the presale phase. To the investors who are interested in this project, it would be advisable to visit the Kaanch presale site to buy the tokens since the presale is fast-paced.

For more information about Kaanch Network visit the links below:

Website: https://presale.kaanch.com/
Whitepaper: https://docs.kaanch.network/
Twitter/X: https://x.com/KaanchNetwork
Telegram: https://t.me/kaanchnetwork
Win 1M: https://presale.kaanch.com/win-1-million
How to buy: https://presale.kaanch.com/how-to-buy

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

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

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8ed2f746-cae2-477d-95cc-f3494f4f1dc4

https://www.globenewswire.com/NewsRoom/AttachmentNg/7ca2de1d-9c94-4f53-abe8-685d25ca8d0b

https://www.globenewswire.com/NewsRoom/AttachmentNg/1282ce63-d204-44ba-a1a0-f6ea91402ea2

The MIL Network –

June 26, 2025
MIL-OSI: Kaanch Presale Just Raised $2.5M in a Short Period—Investors Call It the Best Crypto to Buy Now

Source: GlobeNewswire (MIL-OSI)

DUBAI, United Arab Emirates, June 25, 2025 (GLOBE NEWSWIRE) — Kaanch has quickly become a very popular project, raising more than 2.5 million during the presale, and most investors and analysts recognize it as the most promising crypto to buy at the moment. This wave of interest is especially remarkable because the presale is only a few days away, attracting significant investments by different parties. The strong foundations and strategic location of the project are also adding to its reputation as one of the best investment opportunities in the present market conditions.

Presale Nears Closure: Final Opportunity for Investors

Kaanch is on the 7th stage of its presale, and the price of the token is 0.64 dollars. The project has already collected 2,530,726.1284873397 dollars, and it will have a fixed listing price of 30 dollars when it is listed in exchanges. As the presale is set to end in four days, investors are advised to take the opportunity to buy tokens at the current price before the presale is over. This short participation period is creating a lot of investor interest, and whales have been buying much more.

Upcoming Major Exchange Listing

KNCH will be listed on BitMart shortly, as well as, LBank and xT, at a fixed price of 30 dollars. This upcoming listing is causing quite a buzz, as it is a huge jump over the current presale price of $0.64, which means that early investors have a chance of making a lot of money. Future listings on the exchanges will also increase the visibility and liquidity of Kaanch, making it one of the best competitors in the cryptocurrency market.

Advanced Technological Infrastructure and Security

Kaanch stands out as the fastest and scalable blockchain to date with 1.4 million transactions per second (TPS) and 0.8-second finality, guaranteeing instant trade execution and optimal smart contract flows. The platform also has near-zero gas fees, which makes it very cost-effective on decentralized applications (dApps), microtransactions, and other payment solutions. Kaanch has 3,600 decentralized nodes, which allow tokenizing real-world assets and make transactions between businesses and individuals secure and instant. The project is community-based, with open governance and staking dashboard, and is enterprise and developer-friendly, which will allow easy integration of blockchain into the broader community. SpyWolf and VerifyLab have audited the robust infrastructure of Kaanch, which demonstrates its dedication to security and reliability. The maximum amount of Kaanch tokens is limited to 58 million.

Investment Accessibility and Incentives

Investors can purchase Kaanch tokens using ETH and USDT. The presale will have live staking rewards of up to 30% APY, which is a good incentive to early adopters. The project has a limited supply of 58 million tokens, and the demand is growing, which means that the project will grow in price quickly during and after the presale phase. To the investors who are interested in this project, it would be advisable to visit the Kaanch presale site to buy the tokens since the presale is fast-paced.

For more information about Kaanch Network visit the links below:

Website: https://presale.kaanch.com/
Whitepaper: https://docs.kaanch.network/
Twitter/X: https://x.com/KaanchNetwork
Telegram: https://t.me/kaanchnetwork
Win 1M: https://presale.kaanch.com/win-1-million
How to buy: https://presale.kaanch.com/how-to-buy

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

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

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8ed2f746-cae2-477d-95cc-f3494f4f1dc4

https://www.globenewswire.com/NewsRoom/AttachmentNg/7ca2de1d-9c94-4f53-abe8-685d25ca8d0b

https://www.globenewswire.com/NewsRoom/AttachmentNg/1282ce63-d204-44ba-a1a0-f6ea91402ea2

The MIL Network –

June 26, 2025
MIL-OSI Analysis: Checking in on New England fisheries 25 Years after ‘The Perfect Storm’ movie

Source: The Conversation – USA – By Stephanie Otts, Director of National Sea Grant Law Center, University of Mississippi

Filming ‘The Perfect Storm’ in Gloucester Harbor, Mass.
The Salem News Historic Photograph Collection, Salem State University Archives and Special Collections, CC BY

Twenty-five years ago, “The Perfect Storm” roared into movie theaters. The disaster flick, starring George Clooney and Mark Wahlberg, was a riveting, fictionalized account of commercial swordfishing in New England and a crew who went down in a violent storm.

The anniversary of the film’s release, on June 30, 2000, provides an opportunity to reflect on the real-life changes to New England’s commercial fishing industry.

Fishing was once more open to all

In the true story behind the movie, six men lost their lives in late October 1991 when the commercial swordfishing vessel Andrea Gail disappeared in a fierce storm in the North Atlantic as it was headed home to Gloucester, Massachusetts.

At the time, and until very recently, almost all commercial fisheries were open access, meaning there were no restrictions on who could fish.

There were permit requirements and regulations about where, when and how you could fish, but anyone with the means to purchase a boat and associated permits, gear, bait and fuel could enter the fishery. Eight regional councils established under a 1976 federal law to manage fisheries around the U.S. determined how many fish could be harvested prior to the start of each fishing season.

Fishing has been an integral part of coastal New England culture since its towns were established. In this 1899 photo, a New England community weighs and packs mackerel.
Charles Stevenson/Freshwater and Marine Image Bank

Fishing started when the season opened and continued until the catch limit was reached. In some fisheries, this resulted in a “race to the fish” or a “derby,” where vessels competed aggressively to harvest the available catch in short amounts of time. The limit could be reached in a single day, as happened in the Pacific halibut fishery in the late 1980s.

By the 1990s, however, open access systems were coming under increased criticism from economists as concerns about overfishing rose.

The fish catch peaked in New England in 1987 and would remain far above what the fish population could sustain for two more decades. Years of overfishing led to the collapse of fish stocks, including North Atlantic cod in 1992 and Pacific sardine in 2015.

As populations declined, managers responded by cutting catch limits to allow more fish to survive and reproduce. Fishing seasons were shortened, as it took less time for the fleets to harvest the allowed catch. It became increasingly hard for fishermen to catch enough fish to earn a living.

Saving fisheries changed the industry

In the early 2000s, as these economic and environmental challenges grew, fisheries managers started limiting access. Instead of allowing anyone to fish, only vessels or individuals meeting certain eligibility requirements would have the right to fish.

The most common method of limiting access in the U.S. is through limited entry permits, initially awarded to individuals or vessels based on previous participation or success in the fishery. Another approach is to assign individual harvest quotas or “catch shares” to permit holders, limiting how much each boat can bring in.

In 2007, Congress amended the 1976 Magnuson-Stevens Fishery Conservation and Management Act to promote the use of limited access programs in U.S. fisheries.

Ships in the fleet out of New Bedford, Mass.
Henry Zbyszynski/Flickr, CC BY

Today, limited access is common, and there are positive signs that the management change is helping achieve the law’s environmental goal of preventing overfishing. Since 2000, the populations of 50 major fishing stocks have been rebuilt, meaning they have recovered to a level that can once again support fishing.

I’ve been following the changes as a lawyer focused on ocean and coastal issues, and I see much work still to be done.

Forty fish stocks are currently being managed under rebuilding plans that limit catch to allow the stock to grow, including Atlantic cod, which has struggled to recover due to a complex combination of factors, including climatic changes.

The lingering effect on communities today

While many fish stocks have recovered, the effort came at an economic cost to many individual fishermen. The limited-access Northeast groundfish fishery, which includes Atlantic cod, haddock and flounder, shed nearly 800 crew positions between 2007 and 2015.

The loss of jobs and revenue from fishing impacts individual family income and relationships, strains other businesses in fishing communities, and affects those communities’ overall identity and resilience, as illustrated by a recent economic snapshot of the Alaska seafood industry.

When original limited-access permit holders leave the business – for economic, personal or other reasons – their permits are either terminated or sold to other eligible permit holders, leading to fewer active vessels in the fleet. As a result, the number of vessels fishing for groundfish has declined from 719 in 2007 to 194 in 2023, meaning fewer jobs.

A fisherman unloads a portion of his catch for the day of 300 pounds of groundfish, including flounder, in January 2006 in Gloucester, Mass.
AP Photo/Lisa Poole

Because of their scarcity, limited-access permits can cost upward of US$500,000, which is often beyond the financial means of a small businesses or a young person seeking to enter the industry. The high prices may also lead retiring fishermen to sell their permits, as opposed to passing them along with the vessels to the next generation.

These economic forces have significantly altered the fishing industry, leading to more corporate and investor ownership, rather than the family-owned operations that were more common in the Andrea Gail’s time.

Similar to the experience of small family farms, fishing captains and crews are being pushed into corporate arrangements that reduce their autonomy and revenues.

Consolidation can threaten the future of entire fleets, as New Bedford, Massachusetts, saw when Blue Harvest Fisheries, backed by a private equity firm, bought up vessels and other assets and then declared bankruptcy a few years later, leaving a smaller fleet and some local business and fishermen unpaid for their work. A company with local connections bought eight vessels from Blue Harvest along with 48 state and federal permits the company held.

New challenges and unchanging risks

While there are signs of recovery for New England’s fisheries, challenges continue.

Warming water temperatures have shifted the distribution of some species, affecting where and when fish are harvested. For example, lobsters have moved north toward Canada. When vessels need to travel farther to find fish, that increases fuel and supply costs and time away from home.

Fisheries managers will need to continue to adapt to keep New England’s fisheries healthy and productive.

One thing that, unfortunately, hasn’t changed is the dangerous nature of the occupation. Between 2000 and 2019, 414 fishermen died in 245 disasters.

Stephanie Otts receives funding from the NOAA National Sea Grant College Program through the U.S. Department of Commerce. Previous support for fisheries management legal research provided by The Nature Conservancy.

– ref. Checking in on New England fisheries 25 Years after ‘The Perfect Storm’ movie – https://theconversation.com/checking-in-on-new-england-fisheries-25-years-after-the-perfect-storm-movie-255076

MIL OSI Analysis –

June 26, 2025
MIL-OSI Analysis: Checking in on New England fisheries 25 Years after ‘The Perfect Storm’ movie

Source: The Conversation – USA – By Stephanie Otts, Director of National Sea Grant Law Center, University of Mississippi

Filming ‘The Perfect Storm’ in Gloucester Harbor, Mass.
The Salem News Historic Photograph Collection, Salem State University Archives and Special Collections, CC BY

Twenty-five years ago, “The Perfect Storm” roared into movie theaters. The disaster flick, starring George Clooney and Mark Wahlberg, was a riveting, fictionalized account of commercial swordfishing in New England and a crew who went down in a violent storm.

The anniversary of the film’s release, on June 30, 2000, provides an opportunity to reflect on the real-life changes to New England’s commercial fishing industry.

Fishing was once more open to all

In the true story behind the movie, six men lost their lives in late October 1991 when the commercial swordfishing vessel Andrea Gail disappeared in a fierce storm in the North Atlantic as it was headed home to Gloucester, Massachusetts.

At the time, and until very recently, almost all commercial fisheries were open access, meaning there were no restrictions on who could fish.

There were permit requirements and regulations about where, when and how you could fish, but anyone with the means to purchase a boat and associated permits, gear, bait and fuel could enter the fishery. Eight regional councils established under a 1976 federal law to manage fisheries around the U.S. determined how many fish could be harvested prior to the start of each fishing season.

Fishing has been an integral part of coastal New England culture since its towns were established. In this 1899 photo, a New England community weighs and packs mackerel.
Charles Stevenson/Freshwater and Marine Image Bank

Fishing started when the season opened and continued until the catch limit was reached. In some fisheries, this resulted in a “race to the fish” or a “derby,” where vessels competed aggressively to harvest the available catch in short amounts of time. The limit could be reached in a single day, as happened in the Pacific halibut fishery in the late 1980s.

By the 1990s, however, open access systems were coming under increased criticism from economists as concerns about overfishing rose.

The fish catch peaked in New England in 1987 and would remain far above what the fish population could sustain for two more decades. Years of overfishing led to the collapse of fish stocks, including North Atlantic cod in 1992 and Pacific sardine in 2015.

As populations declined, managers responded by cutting catch limits to allow more fish to survive and reproduce. Fishing seasons were shortened, as it took less time for the fleets to harvest the allowed catch. It became increasingly hard for fishermen to catch enough fish to earn a living.

Saving fisheries changed the industry

In the early 2000s, as these economic and environmental challenges grew, fisheries managers started limiting access. Instead of allowing anyone to fish, only vessels or individuals meeting certain eligibility requirements would have the right to fish.

The most common method of limiting access in the U.S. is through limited entry permits, initially awarded to individuals or vessels based on previous participation or success in the fishery. Another approach is to assign individual harvest quotas or “catch shares” to permit holders, limiting how much each boat can bring in.

In 2007, Congress amended the 1976 Magnuson-Stevens Fishery Conservation and Management Act to promote the use of limited access programs in U.S. fisheries.

Ships in the fleet out of New Bedford, Mass.
Henry Zbyszynski/Flickr, CC BY

Today, limited access is common, and there are positive signs that the management change is helping achieve the law’s environmental goal of preventing overfishing. Since 2000, the populations of 50 major fishing stocks have been rebuilt, meaning they have recovered to a level that can once again support fishing.

I’ve been following the changes as a lawyer focused on ocean and coastal issues, and I see much work still to be done.

Forty fish stocks are currently being managed under rebuilding plans that limit catch to allow the stock to grow, including Atlantic cod, which has struggled to recover due to a complex combination of factors, including climatic changes.

The lingering effect on communities today

While many fish stocks have recovered, the effort came at an economic cost to many individual fishermen. The limited-access Northeast groundfish fishery, which includes Atlantic cod, haddock and flounder, shed nearly 800 crew positions between 2007 and 2015.

The loss of jobs and revenue from fishing impacts individual family income and relationships, strains other businesses in fishing communities, and affects those communities’ overall identity and resilience, as illustrated by a recent economic snapshot of the Alaska seafood industry.

When original limited-access permit holders leave the business – for economic, personal or other reasons – their permits are either terminated or sold to other eligible permit holders, leading to fewer active vessels in the fleet. As a result, the number of vessels fishing for groundfish has declined from 719 in 2007 to 194 in 2023, meaning fewer jobs.

A fisherman unloads a portion of his catch for the day of 300 pounds of groundfish, including flounder, in January 2006 in Gloucester, Mass.
AP Photo/Lisa Poole

Because of their scarcity, limited-access permits can cost upward of US$500,000, which is often beyond the financial means of a small businesses or a young person seeking to enter the industry. The high prices may also lead retiring fishermen to sell their permits, as opposed to passing them along with the vessels to the next generation.

These economic forces have significantly altered the fishing industry, leading to more corporate and investor ownership, rather than the family-owned operations that were more common in the Andrea Gail’s time.

Similar to the experience of small family farms, fishing captains and crews are being pushed into corporate arrangements that reduce their autonomy and revenues.

Consolidation can threaten the future of entire fleets, as New Bedford, Massachusetts, saw when Blue Harvest Fisheries, backed by a private equity firm, bought up vessels and other assets and then declared bankruptcy a few years later, leaving a smaller fleet and some local business and fishermen unpaid for their work. A company with local connections bought eight vessels from Blue Harvest along with 48 state and federal permits the company held.

New challenges and unchanging risks

While there are signs of recovery for New England’s fisheries, challenges continue.

Warming water temperatures have shifted the distribution of some species, affecting where and when fish are harvested. For example, lobsters have moved north toward Canada. When vessels need to travel farther to find fish, that increases fuel and supply costs and time away from home.

Fisheries managers will need to continue to adapt to keep New England’s fisheries healthy and productive.

One thing that, unfortunately, hasn’t changed is the dangerous nature of the occupation. Between 2000 and 2019, 414 fishermen died in 245 disasters.

Stephanie Otts receives funding from the NOAA National Sea Grant College Program through the U.S. Department of Commerce. Previous support for fisheries management legal research provided by The Nature Conservancy.

– ref. Checking in on New England fisheries 25 Years after ‘The Perfect Storm’ movie – https://theconversation.com/checking-in-on-new-england-fisheries-25-years-after-the-perfect-storm-movie-255076

MIL OSI Analysis –

June 26, 2025
MIL-OSI Banking: Secretary-General of ASEAN delivers a lecture at the Moroccan Institute of Training, Research and Diplomatic Studies

Source: ASEAN

Secretary-General of ASEAN, Dr. Kao Kim Hourn, delivered a lecture at the Moroccan Institute of Training, Research and Diplomatic Studies in Rabat, on 25 June 2025, on the latest developments in ASEAN and the challenges and opportunities for ASEAN-Morocco relations. SG Dr. Kao also engaged in Q & A with the participants, particularly on emerging regional and global developments.

The post Secretary-General of ASEAN delivers a lecture at the Moroccan Institute of Training, Research and Diplomatic Studies appeared first on ASEAN Main Portal.

MIL OSI Global Banks –

June 26, 2025
MIL-OSI Asia-Pac: FS joins Summer Davos opening

Source: Hong Kong Information Services

Financial Secretary Paul Chan today attended the opening ceremony of the World Economic Forum Annual Meeting of the New Champions 2025 and a discussion session as he wrapped up his Tianjin visit and proceeded to Beijing in the evening.

In the morning, Premier Li Qiang attended the opening ceremony of the annual meeting, also known as the Summer Davos, and delivered a speech.

In addition to attending the opening ceremony, Mr Chan participated in a discussion session in the afternoon titled “Is the Asian Century at Risk?”.

The discussion focused on how Asia could address local development and external challenges amid the current geopolitical tensions, trade barriers and technological transformation.

Other regional leaders in attendance included Prime Minister of Vietnam Pham Minh Chinh, Deputy Chairperson of Indonesia’s Gerindra Party Rahayu Saraswati Djojohadikusumo and Minister of Industry & Entrepreneurship Development of Sri Lanka Sunil Handunneththi.

During the session, Mr Chan remarked that the Asian region is developing rapidly, with Hong Kong benefitting from its unique position under “one country, two systems”.

He highlighted Hong Kong’s dual advantages of priority access to the Mainland market and its connectivity to the global economy, serving as a gateway between the Mainland and the world.

As an international financial centre, Hong Kong facilitates efficient two-way capital flows and cross-border financial co-operation within Asia and between Asia and other regions, in addition to actively supporting Mainland enterprises in expanding internationally and building global industry chains and supply chains.

In response to questions, Mr Chan emphasised that since the implementation of the Hong Kong National Security Law, the city has provided a more stable and secure business environment that allows society to focus on economic development, adding that international investors are showing confidence in Hong Kong with their capital and actions.

Mr Chan further noted that Hong Kong’s openness, diversity and international outlook under “two systems”, along with its common law system, remain key advantages in attracting international businesses and talent.

The Financial Secretary also briefed World Economic Forum Chairman ad interim Peter Brabeck-Letmathe on Hong Kong’s latest economic developments, including progress in the financial and innovation and technology (I&T) sectors.

They also explored opportunities to strengthen co-operation in technological innovation and personnel exchanges.

During his time in Tianjin, Mr Chan also participated in a thematic session hosted by Hong Kong Exchanges & Clearing, where he shared how Hong Kong provides a full range of fundraising options to provide financial support to the accelerated development of I&T enterprises.

The finance chief also attended an exchange session between technology enterprises from Tianjin and Hong Kong organised by Hong Kong Science & Technology Parks Corporation as well as a gathering hosted by the Hong Kong Chamber of Commerce in Tianjin.

After concluding his Tianjin visit, Mr Chan proceeded to Beijing to attend the Host Member Gala Dinner for the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank.

MIL OSI Asia Pacific News –

June 26, 2025
MIL-OSI: Nasdaq Copenhagen A/S has accepted the request for delisting of Spar Nord Bank A/S’ shares
Source: GlobeNewswire (MIL-OSI)

Company announcement no. 24

Nasdaq Copenhagen A/S has accepted the request for delisting of Spar Nord Bank A/S’ shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

With reference to Spar Nord Bank A/S’ (“Spar Nord Bank”) company announcement no. 23 dated 25 June 2025, regarding Spar Nord Bank’s request to Nasdaq Copenhagen A/S to remove the Spar Nord Bank shares (ISIN DK0060036564) from trading and official listing on Nasdaq Copenhagen A/S, Nasdaq Copenhagen A/S has today accepted to remove the shares from trading and official listing.

The last day of trading will be 23 July 2025, which is the same day as the last business day of the four-week compulsory acquisition period.

Any questions may be addressed to CFO Rune Brandt Børglum on telephone: +45 96 34 42 36.

Attachment
- No. 24 – Nasdaq Copenhagen has accepted the request for delisting
The MIL Network –
June 26, 2025
MIL-OSI: Nasdaq Copenhagen A/S has accepted the request for delisting of Spar Nord Bank A/S’ shares
Source: GlobeNewswire (MIL-OSI)

Company announcement no. 24

Nasdaq Copenhagen A/S has accepted the request for delisting of Spar Nord Bank A/S’ shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

With reference to Spar Nord Bank A/S’ (“Spar Nord Bank”) company announcement no. 23 dated 25 June 2025, regarding Spar Nord Bank’s request to Nasdaq Copenhagen A/S to remove the Spar Nord Bank shares (ISIN DK0060036564) from trading and official listing on Nasdaq Copenhagen A/S, Nasdaq Copenhagen A/S has today accepted to remove the shares from trading and official listing.

The last day of trading will be 23 July 2025, which is the same day as the last business day of the four-week compulsory acquisition period.

Any questions may be addressed to CFO Rune Brandt Børglum on telephone: +45 96 34 42 36.

Attachment
- No. 24 – Nasdaq Copenhagen has accepted the request for delisting
The MIL Network –
June 26, 2025
MIL-OSI Global: Checking in on New England fisheries 25 Years after ‘The Perfect Storm’ hit movie theaters

Source: The Conversation – USA – By Stephanie Otts, Director of National Sea Grant Law Center, University of Mississippi

Filming ‘The Perfect Storm’ in Gloucester Harbor, Mass.
The Salem News Historic Photograph Collection, Salem State University Archives and Special Collections, CC BY

Twenty-five years ago, “The Perfect Storm” roared into movie theaters. The disaster flick, starring George Clooney and Mark Wahlberg, was a riveting, fictionalized account of commercial swordfishing in New England and a crew who went down in a violent storm.

The anniversary of the film’s release, on June 30, 2000, provides an opportunity to reflect on the real-life changes to New England’s commercial fishing industry.

Fishing was once more open to all

In the true story behind the movie, six men lost their lives in late October 1991 when the commercial swordfishing vessel Andrea Gail disappeared in a fierce storm in the North Atlantic as it was headed home to Gloucester, Massachusetts.

At the time, and until very recently, almost all commercial fisheries were open access, meaning there were no restrictions on who could fish.

There were permit requirements and regulations about where, when and how you could fish, but anyone with the means to purchase a boat and associated permits, gear, bait and fuel could enter the fishery. Eight regional councils established under a 1976 federal law to manage fisheries around the U.S. determined how many fish could be harvested prior to the start of each fishing season.

Fishing has been an integral part of coastal New England culture since its towns were established. In this 1899 photo, a New England community weighs and packs mackerel.
Charles Stevenson/Freshwater and Marine Image Bank

Fishing started when the season opened and continued until the catch limit was reached. In some fisheries, this resulted in a “race to the fish” or a “derby,” where vessels competed aggressively to harvest the available catch in short amounts of time. The limit could be reached in a single day, as happened in the Pacific halibut fishery in the late 1980s.

By the 1990s, however, open access systems were coming under increased criticism from economists as concerns about overfishing rose.

The fish catch peaked in New England in 1987 and would remain far above what the fish population could sustain for two more decades. Years of overfishing led to the collapse of fish stocks, including North Atlantic cod in 1992 and Pacific sardine in 2015.

As populations declined, managers responded by cutting catch limits to allow more fish to survive and reproduce. Fishing seasons were shortened, as it took less time for the fleets to harvest the allowed catch. It became increasingly hard for fishermen to catch enough fish to earn a living.

Saving fisheries changed the industry

In the early 2000s, as these economic and environmental challenges grew, fisheries managers started limiting access. Instead of allowing anyone to fish, only vessels or individuals meeting certain eligibility requirements would have the right to fish.

The most common method of limiting access in the U.S. is through limited entry permits, initially awarded to individuals or vessels based on previous participation or success in the fishery. Another approach is to assign individual harvest quotas or “catch shares” to permit holders, limiting how much each boat can bring in.

In 2007, Congress amended the 1976 Magnuson-Stevens Fishery Conservation and Management Act to promote the use of limited access programs in U.S. fisheries.

Ships in the fleet out of New Bedford, Mass.
Henry Zbyszynski/Flickr, CC BY

Today, limited access is common, and there are positive signs that the management change is helping achieve the law’s environmental goal of preventing overfishing. Since 2000, the populations of 50 major fishing stocks have been rebuilt, meaning they have recovered to a level that can once again support fishing.

I’ve been following the changes as a lawyer focused on ocean and coastal issues, and I see much work still to be done.

Forty fish stocks are currently being managed under rebuilding plans that limit catch to allow the stock to grow, including Atlantic cod, which has struggled to recover due to a complex combination of factors, including climatic changes.

The lingering effect on communities today

While many fish stocks have recovered, the effort came at an economic cost to many individual fishermen. The limited-access Northeast groundfish fishery, which includes Atlantic cod, haddock and flounder, shed nearly 800 crew positions between 2007 and 2015.

The loss of jobs and revenue from fishing impacts individual family income and relationships, strains other businesses in fishing communities, and affects those communities’ overall identity and resilience, as illustrated by a recent economic snapshot of the Alaska seafood industry.

When original limited-access permit holders leave the business – for economic, personal or other reasons – their permits are either terminated or sold to other eligible permit holders, leading to fewer active vessels in the fleet. As a result, the number of vessels fishing for groundfish has declined from 719 in 2007 to 194 in 2023, meaning fewer jobs.

A fisherman unloads a portion of his catch for the day of 300 pounds of groundfish, including flounder, in January 2006 in Gloucester, Mass.
AP Photo/Lisa Poole

Because of their scarcity, limited-access permits can cost upward of US$500,000, which is often beyond the financial means of a small businesses or a young person seeking to enter the industry. The high prices may also lead retiring fishermen to sell their permits, as opposed to passing them along with the vessels to the next generation.

These economic forces have significantly altered the fishing industry, leading to more corporate and investor ownership, rather than the family-owned operations that were more common in the Andrea Gail’s time.

Similar to the experience of small family farms, fishing captains and crews are being pushed into corporate arrangements that reduce their autonomy and revenues.

Consolidation can threaten the future of entire fleets, as New Bedford, Massachusetts, saw when Blue Harvest Fisheries, backed by a private equity firm, bought up vessels and other assets and then declared bankruptcy a few years later, leaving a smaller fleet and some local business and fishermen unpaid for their work. A company with local connections bought eight vessels from Blue Harvest along with 48 state and federal permits the company held.

New challenges and unchanging risks

While there are signs of recovery for New England’s fisheries, challenges continue.

Warming water temperatures have shifted the distribution of some species, affecting where and when fish are harvested. For example, lobsters have moved north toward Canada. When vessels need to travel farther to find fish, that increases fuel and supply costs and time away from home.

Fisheries managers will need to continue to adapt to keep New England’s fisheries healthy and productive.

One thing that, unfortunately, hasn’t changed is the dangerous nature of the occupation. Between 2000 and 2019, 414 fishermen died in 245 disasters.

Stephanie Otts receives funding from the NOAA National Sea Grant College Program through the U.S. Department of Commerce. Previous support for fisheries management legal research provided by The Nature Conservancy.

– ref. Checking in on New England fisheries 25 Years after ‘The Perfect Storm’ hit movie theaters – https://theconversation.com/checking-in-on-new-england-fisheries-25-years-after-the-perfect-storm-hit-movie-theaters-255076

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June 26, 2025

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