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  • MIL-OSI Russia: HSE’s Project Management Course Receives International Accreditation

    Translation. Region: Russian Federal

    Source: State University “Higher School of Economics” –

    An important disclaimer is at the bottom of this article.

    The Higher School of Business of the National Research University Higher School of Economics has received accreditation for teaching the discipline “Project Management” according to the international standard IPMA ICB 4.0.

    Accreditation confirms that the Project Management course at the HSB complies with international standards: from the content of the course and the qualifications of teachers to the teaching materials. These requirements are recognized in more than 70 countries, including the USA, China, India, Germany, Great Britain and France.

    The Project Management course is implemented as part of various educational programs of the Higher School of Business of the National Research University Higher School of Economics – from bachelor’s and master’s degrees to professional retraining programs and MBA. Particular attention is paid to unified international approaches so that graduates can work in the global market and “speak” with colleagues in the same professional language.

    Project management has long gone beyond the scope of narrow professional tools. Today, it is the key to implementing changes and the basis for sustainable growth of companies in an unstable and rapidly changing environment. Modern project management requires specialists to be flexible, able to work with a high degree of uncertainty, think strategically, and have a wide range of methodological approaches – from classical to Agile and hybrid. All this forms the basis for teaching the Project Management discipline at the Higher School of Business of the National Research University Higher School of Economics.

    The certificate was issued for two years by the Russian Project Management Association SOVNET, the representative of the International Project Management Association (IPMA) in Russia since 1991. To obtain accreditation, the HSE provided a full set of training materials, and the teachers confirmed their qualifications by undergoing certification according to the IPMA system. The assessment was carried out by a commission of national experts authorized by IPMA.

    Ilyina Olga Nikolaevna

    Associate Professor of the Higher School of Business, National Research University Higher School of Economics, Director of the Project Management Center of the Higher School of Business, National Research University Higher School of Economics

    “Accreditation according to the international IPMA standard is a significant step for the HSB. It confirms that our approach to teaching project management meets the high requirements of the global professional community. For us, this is not only an assessment of quality, but also confirmation that we are developing education in accordance with global trends and preparing specialists who are able to work effectively in an international environment.”

    International accreditation confirms HSE’s commitment to high educational standards and strengthens its reputation as a first-choice business school.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Europe: Press release – Gas storage: Parliament backs refill flexibility to bring down prices

    Source: European Parliament 3

    Approved in plenary today, the new law seeks to address speculation on the gas market and bring down prices, by introducing greater flexibility to gas storage refilling rules.

    The Regulation, already agreed upon between MEPs and Council, will extend the EU’s 2022 gas storage scheme until 31 December 2027, as it would otherwise have expired at the end of 2025. The provision is designed to ensure gas supply security ahead of the winter season.

    MEPs and the Council also introduced several amendments to ease tensions in the gas market, as speculation surrounding the existing mandatory 90% fill rate target by 1 November each year was driving up the cost of refilling during the summer.

    Refilling flexibilities

    The text will allow member states to achieve the 90% filling target at any point in time between 1 October and 1 December. Once the 90% target is met, it should not be required to maintain that level until 1 December.

    Member states should have the possibility to deviate by up to 10 percentage points from the filling target in the event of difficult market conditions, such as indications of speculation hindering cost-effective storage filling. The Commission may further increase this deviation by a further five percentage points by means of a delegated act, for one filling season, if these market conditions persist.

    Towards full independence from Russian imports

    The competent authority monitoring gas refilling in each member state shall also provide information on the share of gas originating in the Russian Federation being stored, in line with the 17 June proposals from the European Commission. This should help with monitoring whether Russian gas is stored in the EU.

    Quote

    “The 2022 legislation showed that Europe was able to protect its citizens in a situation where Russia was using gas as a weapon of blackmail”, said rapporteur Borys Budka (EPP, Poland). “This revision will provide for more flexibility and less bureaucracy but, above all, it will bring Europe’s gas prices down, while we continue advancing towards energy independence from unreliable suppliers” he said.

    Next steps

    Parliament backed the bill with 542 votes to 109, with 30 abstentions. It will now have to be formally approved by Council before publication in the EU Official Journal.

    Background

    Gas-storage facilities provide for 30% of the Union’s gas consumption during winter months. The EU’s energy security has been a critical concern in recent years, not least in light of its dependence on non-EU countries for primary energy supplies. The 2022 energy crisis, exacerbated by Russia’s full-scale invasion of Ukraine and the subsequent weaponisation of gas supplies, highlighted the urgent need for additional measures to ensure stable and affordable energy supplies.

    Among these, the EU introduced new gas storage rules. However, the global gas market remains tight, with increased competition for liquefied natural gas (LNG) supplies and persistent price volatility.

    MIL OSI Europe News –

  • MIL-OSI Europe: Press release – Parliament endorses Bulgaria’s adoption of the euro

    Source: European Parliament 3

    MEPs gave an overwhelmingly favourable opinion on Tuesday on Bulgaria’s bid to adopt the euro and join the Euro area on 1 January 2026.

    Parliament, by 531 votes in favour, 69 against and 79 abstentions, adopted a report confirming Bulgaria fulfils the criteria for adopting the euro on 1 January 2026.

    After confirmation by EU member states, Bulgaria will become the 21st member of the Euro area. The most recent country to join was Croatia in 2023.

    Quotes

    Rapporteur Eva Maydell (EPP, BG) said after the vote:

    “Today’s vote sends a clear signal: Bulgaria is ready to join the Euro area. All criteria have been met, and this step marks a key milestone towards Bulgaria’s full European integration – for the country and its citizens.”

    Press conference

    A press conference with the rapporteur will be held at 14:00 CET, in Strasbourg. You can follow it here. As a journalist you can also participate and ask questions by logging in through Interactio.

    Next steps

    Parliament’s opinion will be forwarded to the Euro area member states who, later today, are expected to give Bulgaria the final go-ahead.

    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: Opening remarks by Permanent Secretary for Financial Services and the Treasury (Financial Services) at Deloitte’s Digital Asset Forum (English only) (with photos)

    Source: Hong Kong Government special administrative region

    Opening remarks by Permanent Secretary for Financial Services and the Treasury (Financial Services) at Deloitte’s Digital Asset Forum (English only)  
    Eliza (Senior Advisor of Deloitte China Dr Eliza Chan), Duncan (Legislative Council member (Technology and Innovation) Mr Duncan Chiu), Robert (Hong Kong Digital Asset leader of Deloitte China, Mr Robert Lui), friends from the digital asset sector, ladies and gentlemen,
     
         The Forum today is very timely, as we are standing at a pivotal moment when economies worldwide are striving to chart the course for digital assets and oversight of their use. Hong Kong has been working diligently to stay ahead of the curve in building an ecosystem for the healthy development of the digital asset sector.
     
         As you know, back in 2022, we announced our first policy statement on digital assets, or virtual assets at the time, setting out our vision to create that comprehensive ecosystem under the principle of “same activity, same risks, same regulation”. Then in June 2023, we put in place a licensing regime for digital asset trading platforms. Now we have a total of 11 licensees with local and international backgrounds. Nine exchange-traded funds with digital underlying assets have also been listed. In May this year, with the support of the Legislative Council, we enacted the Stablecoins Ordinance, making Hong Kong one of the few economies in the world to have a comprehensive law in place on stablecoin issuance. The Ordinance is scheduled to come into effect on August 1, and the Hong Kong Monetary Authority will begin to accept licence applications.
     
         This solid groundwork serves as a springboard for the next phase of digital asset development in Hong Kong. The “LEAP” framework or metaphor embodied in the second policy statement issued on June 26 conveys a proactive and forward-looking approach. To recap, “L” stands for legal and regulatory streamlining, “E” for expanding the suite of tokenised products, “A” for advancing use cases and cross-sectoral collaboration, and “P” is people and partnership development. These are linked to Hong Kong’s unique advantages as an international financial centre, including our comprehensive legal system, sophisticated financial market and infrastructure, close connection with the international markets, and a wealth of professional talents.
     
         A lot of you are interested in the application scenarios or the “E” and “A” in the statement. A lot can be said on this. For now, I believe that as a well-developed financial market with a wide range of financial instruments and assets available for trading, Hong Kong has great potential to promote tokenisation of RWA (Real-World Assets). For example, Hong Kong is in a very good position to develop tokenised government bonds, building on our two landmark tokenised government green bond issuances in the past two years and Hong Kong’s status as a leading bond issuance hub in Asia. The first batch totalling HK$800 million issued in 2023 was the first tokenised green bond issued by a government entity. The second batch, issued in 2024 denominated in Renminbi, Hong Kong dollars, Euro and US dollars and totalling close to HK$6 billion equivalent, was the world’s first multi-currency digitally native green bonds. As announced in the 2025-26 Budget, the Government will regularise the issuance of tokenised bonds.
     
         I am sure that there are many good ideas about RWA out there in the marketplace. To encourage market participation in developing use cases, thanks to Cyberport, a funding scheme has been launched to support the development of high-impact applications with potential to serve as future use case benchmark.
     
         On the legal regulatory front or “L”, right on the next day following the promulgation of the second policy statement, we launched a public consultation on the licensing regimes for digital asset dealing and custodian service providers. This is another big step in making the regulatory regime comprehensive, thus enabling us to manage the risks and harness the potential in different activities along the digital asset value chain, from issuance, trading and dealing, to post-trade custodian service. The two-month consultation period will end in late August. Do let us have your views.
     
         On the people and partnership front or “P”, we value stakeholder engagement, and we walk the talk. At the policy level, the Financial Secretary is chairing the Task Force on Promoting Web3 Development. At the regulator level, the Securities and Futures Commission has established a consultative panel focusing on market and regulatory issues. The panel just held its second meeting yesterday. Fora like the one today will certainly provide useful feedback for our work.
     
         Our policy stance on digital assets is clear. We strive to embrace financial innovations so as to capture their potential benefits, but at the same time we need to put in risk management guardrails with emphasis on investor protection and user education. With this, we look forward to hearing your feedback, and I wish you fruitful discussions. Thank you.
    Issued at HKT 18:40

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    MIL OSI Asia Pacific News –

  • Heatwaves, droughts and wildfires costing Europe billions each year

    Source: Government of India

    Source: Government of India (4)

    Extreme heat and worsening drought situations are gripping large parts of Europe, sparking wildfires, triggering red alerts and intensifying global calls for effective climate actions. Driven by climate change, scientists warn, these conditions signal a new era of drought, threatening food security, energy security, ecosystems and economies.

    The worrying part is that heatwaves and wildfires are constantly growing deadlier and costlier. If the European Environment Agency (EEA) is to be believed, heatwaves and wildfires are costing Europe billions of euros every year. Estimatedly, in 2023 alone, such climate-related disasters cost around 45 billion euros to 38 European countries, including EU, other European Economic Area (EEA) members, and cooperating countries.

    If we take into account the total economic losses from weather and climate related calamities, they exceeded 790 billion euros across the European Economic Area, comprising 32 EEA member states and six Western Balkan countries between 1980 and 2023.

    In recent years, Europe has faced an alarming rise in climate-driven calamities like extreme weather conditions, particularly heatwaves and wildfires. These disasters are endangering lives and ecosystems, while at the same time imposing severe economic burdens on governments, local communities and industries. Germany, Italy, France and Spain faced the highest economic losses, however, as per the environmental agency, little of this damage was insured.

    According to the European Environment Agency, the leading causes of the damage are floods, storms, wind and hail, while heatwaves cause the most deaths in majority of the countries. As far as economic losses are concerned, they may vary from year to year and country to country, but trends suggest there is a sharp rise in economic damage, which may go beyond 50 billion euros annually.

    There is little doubt that people across the world are struggling with sweltering hot temperatures fuelled by climate change, but the way the sweltering summer is gripping southern Europe, parts of the US and the UK is unprecedented.

    The scourge of the rising temperature can be understood from the fact that southern Spain experienced 46 degrees Celsius temperature a few days earlier, which is a new record for the month of June. According to the national weather agency, Barcelona has set a new record for its hottest month in June this year, forcing the authorities to urge people to seek shelter from this excruciating heat condition.

    A number of countries including France and Italy, have stationed their ambulances near tourist hotspots to treat people if they suffer from heatstroke. Among the vulnerable are people over 65 years of age, pregnant women, children and those with chronic health conditions.

    In June, fires caused by the heat and strong winds struck France, Turkey, Greece, Italy and a few other countries, making situations worse than even expected. Germany, the largest economy of Europe and the third largest globally, is also facing a similar situation, as the temperature this year is hovering around 40 degrees Celsius. The town of Andernach in western Germany recorded 39.3 degrees Celsius, marking the highest temperature so far this year, according to the German Weather Service (DWD). Germany’s all-time heat record is 41.2 degrees Celsius, recorded on July 25, 2019.

    The worsening heat situations have forced quite a few countries to issue heat alerts. Sixteen regions in France including Paris and other parts of southern and eastern Europe have heat alerts in place. The soaring temperatures forced its Climate Minister, Agnes Pannier-Runacher to call the situation an unprecedented one. Heat alerts are also in place in several parts of Spain, Portugal, Italy, Britain and Balkan countries like Croatia. Several countries have recorded their hottest June this year.

    Besides emergency services being put in place in several countries and warnings being issued for people to stay inside as much as possible, around 200 schools across France are either closed or partially closed as a result of the heatwave conditions.

    Heatwaves are impacting many parts of Central Asia, the Middle East, North Africa, North America and a few others also, but the way Europe is facing heat conditions calls for urgent measures, as the region is not known for such heatwave conditions.

    Studies suggest more than two-thirds of the heatwave conditions have hit Europe since 2000 and the conditions are gradually worsening. The Intergovernmental Panel on Climate Change Sixth Assessment Report shows that by 2050, around half of the people in Europe may be exposed to heatwave conditions during summer.

    It is also undeniably true that the effects of heatwave conditions are more pronounced in cities, as urban environments are significantly warmer than rural areas due to a large number of paved surfaces, huge multi-story buildings, large number of all kinds of vehicles and several other heat-generating sources.

    A new UN report says droughts have risen 30% since 2000, now affecting all sectors from agriculture and energy to healthcare and infrastructure. Owing to very high temperatures, the economic distress of people is growing fast.

    Just as COVID-19 strained the insurance sector, rising temperatures are now compounding the pressure, with insurers reassessing the risks and costs of covering properties in high-risk zones across Europe.

    Public infrastructure is also not immune to the stress being thrown upon by rising temperatures. Roads, railways, power grids and hospitals also suffer heatwave-related wear and tear. Wildfires destroy homes, farmlands and forests, which require billions for reconstruction and recovery.

    The economic toll can be gauged from the fact that some countries are already losing up to 10% of GDP annually, as suggested by some environmental and economic reports. The OECD warns drought-related costs could double again by 2035.

    Hence, environmentalists and those who understand these damaging trends urge urgent global investment in early warning systems, drought monitoring, nature-based solutions and climate-resilient infrastructure. Without strong action and better implementation of national plans, droughts could spiral into global economic and humanitarian shocks.

    Clearly, the need for urgent and coordinated action has never been more critical, as heatwaves intensify across Europe and the globe, driven by accelerating climate change. Mitigating these impacts requires multi-fold efforts, including reducing greenhouse gas emissions to slow global warming and investing heavily in adaptation measures to protect people, economies and ecosystems from escalating heat extremes.

    For Europe, this means upgrading infrastructure to withstand extreme heat, expanding green urban spaces to reduce the urban heat island effect and strengthening public health systems to respond to heat-related health conditions. Since the majority of the countries in Europe are not prepared to face such heatwave conditions, they need to improve early warning systems, ensure access to cooling centers for vulnerable populations and integrate climate resilience into housing and city planning.

    On global scale, cooperation and coordination among countries are essential, as climate change-related calamities are not going to be restricted to a few regions. Hence, sharing technology, funding nature-based solutions like reforestation and watershed restoration and supporting climate-vulnerable regions are key to having a holistic solution. The world also requires a proactive and science-driven approach along with an equity-based climate strategy before the human and economic cost becomes unmanageable for us.

  • MIL-OSI Russia: Moscow Exchange: REPO risk parameters change for the security MSRS

    Source: Moscow Exchange –

    An important disclaimer is at the bottom of this article.

    As per the Securities market risk parameters methodology, on 08.07.2025, 10-23 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -69.0 %), penalty rate and IR Risk Rate (up to -0.00294 rub) for the security MSRS were changed. New values are available here

    Please note; this information is raw content received directly from the information source. It is an accurate account of what the source claims, and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Innovations in Materials Science. International Conference Held at Polytechnic University

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    From July 4 to 6, the Polytechnic University hosted the international scientific conference “Implementation of Innovations. New Materials and Additive Technologies” (VINMiAT-25). Scientists and experts in the field of materials science discussed the latest achievements in the creation of new materials and equipment design.

    The organizers were the Ministry of Science and Higher Education of the Russian Federation, the Russian Academy of Sciences, the National Academy of Sciences of Belarus, PJSC Gazprom and SPbPU.

    The conference considered modern achievements of science and technology in the field of physical and chemical processes for obtaining new materials and designing technological equipment, problems of implementation and commercialization of innovative technologies of the country’s fuel and energy complex, as well as new approaches to solving urgent problems in modern materials science.

    The plenary session was held in the research building of Technopolis Polytech. It was opened by the rector of SPbPU, academician of the Russian Academy of Sciences Andrey Rudskoy.

    I am pleased to welcome you to the international scientific conference “Implementation of Innovations. New Materials and Additive Technologies”. This significant event brought together leading representatives of the scientific community, experts in the field of materials science, as well as students and postgraduates. I am confident that the results of our joint work will find practical application in various industries, contributing to the technological development of our country,” noted Andrey Rudskoy.

    The Deputy Head of Department of PJSC Gazprom, Maxim Nedzvetsky, gave a welcoming speech, expressing gratitude to the Polytechnic University for the excellent organization and emphasizing the relevance of the issues discussed.

    At the plenary session, Director of the Institute of Mechanical Engineering, Materials and Transport of SPbPU Anatoly Popovich made a report on the experience and prospects for the development of additive and laser technologies. As the chief designer of the Scientific and Technical Complex “New Materials, Technologies, Production” within the framework of the project “Strategic Technological Leadership”, Anatoly Popovich paid special attention to the manufacture, repair and restoration of components of power engineering in various ways. He also assessed the prospects for the development of the additive technology industry.

    Head of the Department of PJSC Gazprom Viktor Seredenok spoke about the implementation of innovative projects in the company. Associate Professor of the Higher School of Physics and Technology of Materials of the Institute of Metallurgical Engineering and Technology Oleg Panchenko gave a report “New Technological Approaches in Welding”. He presented a number of technologies that are being implemented at the Polytechnic University. These are electric arc welding with a consumable electrode with cold metal transfer and a non-consumable electrode with a focused arc, manual laser welding, friction stir welding of steels, as well as process automation technologies.

    Head of the structural division of the Russian Quantum Center (International Center for Quantum Optics and Quantum Technologies) Anton Guglya devoted his speech to quantum and related technologies in the oil and gas sector. Deputy Chief Engineer for Additive Technologies at UEC Aviadvigatel Alexander Aksenov shared his experience of using additive technologies in the company.

    Representatives from Russia, Uzbekistan, Belarus and China participated in the conference. Their work was organized into several sections:

    nature-like materials and additive technologies for their production; welding and related technologies; technology for producing powder, composite materials and coatings; equipment, automation and robotics of innovative technologies; physical and chemical processes and innovative technologies in modern materials science; implementation of innovations in high-tech products at PJSC Gazprom.

    Specialists from the research laboratory “LiAT” of IMMiT SPbPU presented three reports. The research group analyzed residual deformations of a welded joint using different welding methods. The report presented the results of the influence of the welding method on the level of residual deformations, energy input and the width of the heat-affected zone, as well as on technical and economic characteristics.

    A separate presentation was devoted to the restoration of nozzle blades made of cobalt and nickel alloy using laser cladding. SPbPU scientists created a laser cladding technology and developed measures to prevent cracks. The cladding blades successfully passed operational tests.

    Mikhail Kuznetsov, Head of the Research Laboratory “LiAT” of IMMiT, presented a series of robotic systems for the implementation of laser welding, laser cladding and direct laser deposition processes in industrial production conditions. Among the developments are the mobile laser cladding system “Nomad”, direct laser deposition systems, as well as laser and hybrid laser-arc welding. Special attention was paid to the laser foil welding system and the system for applying a porous coating to hip joint cups. The participants’ attention was drawn to examples of the systems’ application for solving industrial partners’ production problems.

    Participation in VINMiAT-2025 is very important for understanding the development trend of industry and science in the field of additive technologies, as well as identifying points of contact for further interaction with industry, commented Mikhail Kuznetsov.

    At the sections, experts considered various issues: research into the mechanical properties of continuously reinforced nature-like polymer composites, development of biocompatible titanium-tantalum composites using selective laser melting, 3D printing of metal products using melt extrusion technology, implementation of innovations at Gazprom Transgaz Saratov, the procedure for admitting MTRs for use at Gazprom facilities, modern solutions in instrument making using machine vision and FDM technology, and much more.

    A cruise on a motor ship with an excursion program was organized for the conference participants. A meeting was held on board the motor ship, where reports were presented by representatives of PAO Gazprom and its subsidiaries, scientific and educational institutions and enterprises.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: To Konstantin Raikin, People’s Artist of Russia

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Mikhail Mishustin congratulated the theater and film actor, teacher, director, and artistic director of the Satirikon Theater named after Arkady Raikin on his 75th birthday.

    The telegram states, in particular:

    “For many years, your bright acting and directing talent, sincerity and charm have won the hearts of viewers.

    Thanks to your creative energy, the unique theatre “Satirikon” is developing. On the famous stage, you bring to life bold ideas and plans, invariably delighting fans with interesting productions and premieres.

    Another facet of your talent is pedagogy. During your time at the Higher School of Performing Arts, you trained many wonderful actors and directors.

    I wish you new successes, inspiration, health and prosperity.”

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Mikhail Mishustin appointed Dmitry Volvach as head of the Federal Accreditation Service

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Order dated July 7, 2025 No. 1831-r

    The Federal Accreditation Service (Rosaccreditation) is headed by Dmitry Volvach. The order on his appointment to this position was signed by Prime Minister Mikhail Mishustin.

    Document

    Order dated July 7, 2025 No. 1831-r

    Dmitry Volvach was born in 1972 in Moscow.

    In 1996, he graduated from the Lomonosov Moscow State University with a degree in physics, in 1998, from the Law College – Specialized Institute of Jurisprudence of the Lomonosov Moscow State University with a degree in jurisprudence, and in 2001 from the All-Russian State Tax Academy with a degree in finance and credit. Candidate of Legal Sciences.

    From 1998 to 2000, he worked in the Interdistrict Inspectorate of the Ministry of the Russian Federation for Taxes and Duties No. 40 for the city of Moscow.

    Since 2000, he has worked in various positions in the Ministry of Taxes and Duties of the Russian Federation, and later in the Federal Tax Service. From 2019 to 2021, he was deputy head of this department.

    Since March 2021, he held the post of Deputy Minister of Economic Development of the Russian Federation.

    Nazariy Skrypnik, who until now headed the Federal Accreditation Service, has been relieved of his post at his request.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Yulia Rutberg, People’s Artist of Russia

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Mikhail Mishustin congratulated the theater and film actress on her anniversary.

    The telegram states, in particular:

    “Your dramatic talent and individuality have been embodied in vivid roles. You have created many images on famous stages and in cinema. Every time you appear on stage and in front of the camera, you delight with your genuine acting, sincerity and charm. The audience loves you very much and always looks forward to meeting you in the theater, at a concert, on television.

    I wish you health, prosperity, inspiration and all the best.”

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Dmitry Chernyshenko held a meeting with the head of North Ossetia Sergei Menyailo

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Working meeting of Dmitry Chernyshenko with the head of North Ossetia Sergey Menyailo

    Deputy Prime Minister Dmitry Chernyshenko held a working meeting with the head of the Republic of North Ossetia – Alania Sergey Menyailo. The parties discussed issues of developing tourism, sports, education, science, and youth policy.

    Dmitry Chernyshenko emphasized that one of the Government’s priority tasks is the development of domestic tourism.

    “The unique nature and culture of North Ossetia make it attractive to travelers. To develop this area, the republic actively uses state support measures of the national project “Tourism and Hospitality”. Thus, within the framework of the competitive selection for 2025-2027, applications were submitted for the implementation of projects to create modular non-capital accommodation facilities. Based on the results of the competition, North Ossetia will receive about 1 billion for three years – this is the second place in terms of volume among all subjects of Russia,” the Deputy Prime Minister said.

    Dmitry Chernyshenko also noted the importance of each subject’s contribution to achieving the common goal set by President Vladimir Putin – to involve 70% of Russian citizens in systematic physical education and sports by 2030. To achieve this, it is necessary, among other things, to work on the level of provision with sports facilities.

    The Deputy Prime Minister added that the national project “Youth and Children” contributes to the development of education, science and youth policy in the Republic of North Ossetia – Alania. For example, it plans to build new buildings for general education organizations. Within the framework of the federal project “Professionalism”, three clusters have been created by industry: pedagogy, law enforcement and management, tourism and services.

    Thanks to the republic’s participation in the “Region for the Young” program, the first stage of the capital renovation of the Youth Palace was carried out, and a number of events in the field of youth policy were held.

    “The development of the education sector is one of the main priorities of the socio-economic policy of North Ossetia, to which we pay special attention and which today accounts for more than a third of the republican budget. Following the implementation of the national project “Education”, in 2024 alone, more than 4.6 billion rubles were allocated from the federal budget for the development of education in the region. I would like to express my gratitude for such support, as well as for the attention that the Russian Government is paying to the region – literally the day before, an order was signed to include new projects in the list of activities for the socio-economic development of North Ossetia, the implementation period of which has been extended until 2028. This includes the construction of a school for 500 students for residents of new microdistricts of Vladikavkaz and a school for 200 students in the village of Chermen, Prigorodny District,” said Sergei Menyailo.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Mikhail Mishustin inspected a prototype of the modernized Il-114-300 passenger aircraft

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Mikhail Mishustin and the Presidential Plenipotentiary Representative in the Urals Federal District Artem Zhoga during a meeting at the Yekaterinburg airport

    Based on the instruction of the President of the Russian Federation, a program is being implemented to modernize and resume serial production of the Il-114–300 regional passenger aircraft. The aircraft is being created specifically for local airlines, with the ability to operate in hard-to-reach regions with poor airfield infrastructure, on short and unpaved runways, in low temperature conditions, and is a modernized version of the Il-114 turboprop aircraft. It will replace the outdated An-24 on domestic airlines, as well as foreign-made aircraft of a similar class (ATR72 (France), Bombardier Dash 8 (Canada)).

    The upgraded version is assembled from Russian-made components and is equipped with Russian systems and equipment. In total, more than 180 flights have been performed under the flight test program (on two prototypes).

    Cruising flight speed is 450–500 km/h;

    Maximum flight altitude – 7600 m;

    Fuel consumption – 540 kg/h;

    Runway length – 790 m;

    Passenger capacity: up to 68 people.

    Currently in the certification stage.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: The government will support investors planning to implement projects in certain areas of the Bryansk, Belgorod and Kursk regions

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Resolution of July 5, 2025 No. 1023

    Document

    Resolution of July 5, 2025 No. 1023

    Entrepreneurs planning to implement investment projects in the border areas of the Bryansk, Belgorod and Kursk regions will be able to use the preferential regime of the free economic zone (FEZ). The resolution on the conditions and features of the application of the preferential regime in relation to new projects in these territories was signed by Prime Minister Mikhail Mishustin.

    Until now, this free economic zone regime applied to actually operating and damaged enterprises in the border areas of the three regions. This allowed entrepreneurs to partially compensate for the damage sustained during military operations.

    Now investors implementing new projects in the manufacturing industry, agriculture, logistics, and the development of computer technologies and software will be able to take advantage of the preferential regime.

    The investment volume, which is the entry threshold for receiving preferences, will be 30 million rubles. At the same time, for small and medium-sized enterprises, this volume is set at 3 million rubles, and for projects in the field of information technology, regardless of the size of the enterprise, at 1 million rubles.

    In June 2024, the President signed a law allowing the preferential regime of the free economic zone to be extended to certain territories of the Belgorod, Bryansk and Kursk regions.

    Residents of the SEZ enjoy reduced rates of corporate income tax, mineral extraction tax, and the right to exemption from corporate property tax and land tax. Organizations and individual entrepreneurs are also granted the right to apply reduced insurance premium rates.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Financial news: What investors know about mutual funds: Bank of Russia survey

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    Bank of Russia will appreciate, how popular are mutual investment funds (MIF) among investors, from what sources do they get information about funds, and whether they are satisfied with the amount of information disclosed.

    The collective investment sector is one of the most dynamically developing in Russia. A mutual fund is the most convenient financial instrument for an investor, including a beginner. The investment process is simple: a future shareholder transfers his funds to a fund managed by a management company. A professional manager invests the received resources in various assets: securities, real estate, infrastructure projects and other instruments. The entry ticket to a mutual fund is small – you can start investing with just 5 rubles on hand.

    In order to increase interest in such an instrument, the Bank of Russia intends to analyze what sources an investor uses to obtain information about a mutual fund, how convenient and understandable such a financial instrument is. This will allow the regulator to further create conditions for increasing the availability of information for a wide range of investors and increase the attractiveness of investments in mutual funds.

    The Bank of Russia published report, where he identified possible scenarios for the development of the retail mutual fund market.

    Preview photo: Pixels Hunter / Shutterstock / Fotodom

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  • MIL-OSI Russia: Ministry of Economic Development: SEZ residents almost doubled investments in 2024

    Translation. Region: Russian Federal

    Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

    An important disclaimer is at the bottom of this article.

    The Ministry of Economic Development of Russia sent to the Government report on the results of the work of special economic zones for 2024. Such analysis is carried out annually in accordance with the rules for assessing the effectiveness of the functioning of the SEZ, approved by the Government.

    The overall efficiency indicator was 90% (the functioning of the SEZ is considered effective if the overall calculated indicator is 80%).

    “In recent years, the number of SEZs in the country has increased significantly. New territories with a preferential regime have already been included in the rating, but have not yet reached full capacity. At the same time, residents are actively entering the “young” SEZs, expanding production and investing, creating highly paid jobs. Thus, the lion’s share of all investments in the SEZ in 2024 were provided by territories created in 2020-2022. It is important that businesses are increasing investments in the development of new technologies – R&D costs have grown by almost 60% and exceeded 35 billion rubles. This means that even in difficult conditions, companies continue to search for and implement innovative solutions, update products and develop new markets,” said Deputy Minister of Economic Development Svyatoslav Sorokin.

    According to the assessment results, the leaders in terms of efficiency for 2024 were industrial production zones in the Samara Region (Tolyatti), the Republic of Tatarstan (Alabuga), Moscow Region (Stupino Kvadrat), Ivanovo Region (Ivanovo), Lipetsk Region (Lipetsk), and Kaluga Region (Kaluga).

    “Special economic zones remain one of the most effective instruments of state support for investors. Last year, residents invested more than 1.2 trillion rubles in projects, which is twice as much as the year before. Over 25 thousand new jobs were created, which is 40% more than in 2023. These results confirm that businesses are comfortable working in SEZ conditions: these are tax and customs preferences, ready-made infrastructure, administrative support and reduced costs for connecting to resources. All this makes SEZ sites growth points and attractive for long-term investments,” Svyatoslav Sorokin emphasized.

    “Business investments are new high-tech production facilities, jobs, and taxes that we direct to the development of the social sphere and improving the quality of life of our citizens. And the special economic zone “Togliatti” with its opportunities and preferences is an effective tool for attracting private investment, a key growth point. The development of the capacities of the SEZ “Togliatti” will contribute to the development of the regional economy and increase the competitiveness of the region in the investment arena,” said the Governor of the Samara Region Vyacheslav Fedorishchev.

    “Of course, the preferences of the special economic zone play an important role when an investor chooses a location – these are both tax benefits and ready-made infrastructure. For us, the SEZ in Baikalsk has become part of the important work to create a new environmentally friendly business format on the former industrial site,” said Igor Kobzev, Governor of the Irkutsk Region. He also noted that there is currently a high interest from investors in the SEZ, in connection with which the regional authorities are preparing documents for the Ministry of Economic Development of the Russian Federation to expand the preferential regime zone.

    “The Saint Petersburg Special Economic Zone annually confirms its effectiveness, taking places in the top three special economic zones of the technology implementation type. We are the leader in the volume of tax deductions from our residents to the country’s budget system. This makes a significant contribution to the high assessment of our work. Over 19 years of operation, two operating sites of the SEZ have already brought Saint Petersburg 135 billion rubles in investments, almost 8 thousand jobs and about 29 billion rubles in tax deductions. The city sees the effect for Saint Petersburg and is interested in scaling up the project,” said Tamara Rondaleva, General Director of JSC Saint Petersburg Special Economic Zone.

    The efficiency assessment was carried out based on 25 quantitative indicators, as well as six calculated metrics, including: the performance of residents, the profitability of investments from budgets at all levels in the infrastructure of the zones, the efficiency of management bodies, the quality of planning during the creation of the SEZ, and the contribution to the achievement of national development goals defined by the May decree of the President of the Russian Federation.

    Every year new production facilities are opened in the territory of special economic zones. In 2024 alone, several socially significant and high-tech projects began operating at once.

    The production of televisions under the GigaFactory brand has started in the Novgorodskaya SEZ — this is the first and only enterprise of its kind in the region. The plant produces “smart” televisions based on a domestic operating system, which makes the project an important element of import substitution.

    On the territory of the SEZ “Lotus”, the company “Rybnye Korma” launched the first stage of the plant for the production of feed for industrial aquaculture – sturgeon, catfish, trout, salmon, sea bass and dorado. The production is focused on domestic raw materials, and the volume of feed production today is up to 25 thousand tons per year.

    The Krasnogorsky dairy plant has started operating in the Orenburg SEZ. The processing capacity is up to 150 tons of milk per day, the range is more than 50 types of dairy and fermented milk products. The products are supplied not only to retail chains in the Orenburg Region and neighboring regions, but also to Kazakhstan and China.

    The Petexpert plant, specializing in the production of high-quality pet food from natural raw materials, has opened in the Lipetsk SEZ. The enterprise produces up to 20 thousand tons of dry food per year and is developing regional exports.

    On the territory of the SEZ PPT “Alga” in Bashkortostan, the company “Azimut” launched an innovative plant for the production of road paint and cold plastic for marking. The production is located in the industrial park “Ufimsky” and is equipped with a modern laboratory and lines. The products are used in the implementation of federal and regional programs for the construction of transport infrastructure.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Financial news: RUONIA Interest Rate Monitoring Committee Activity Report for the second half of 2024

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    The RUONIA Interest Rate Monitoring Committee, which includes representatives of the Bank of Russia and external representatives of the financial market, monitors the implementation of administrative functions in accordance with the principles for financial indicators of the International Organization of Securities Commissions.

    The main tasks of the Committee:

    monitoring the implementation of RUONIA administration functions; coordinating documents and procedures related to RUONIA administration; interacting with users of RUONIA, the urgent version of RUONIA and the RUONIA index.

    The composition of the Committee is formed in such a way as to eliminate potential conflicts of interest. The members of the Committee are appointed not on the basis of their official position, but based on their professional competencies. They participate in the work of the Committee personally and do not have the right to delegate their powers to other persons. The members of the Committee do not receive payment for their activities as members of the Committee.

    The appointment of the Committee members is based on the Order of the Chairman of the Bank of Russia. Its composition is valid until the re-issue of the Order of the Chairman of the Bank of Russia at the proposal of the Chairman of the Committee, the first deputies or deputy chairmen of the Bank of Russia, as well as the heads of the structural divisions of the Bank of Russia. The members of the Committee cannot be employees involved in the functions of collecting, processing, calculating the interest rate indicator and its publication. In addition, the members of the Committee cannot be employees of the structural divisions of the Bank of Russia, for which the RUONIA interest rate is involved in key business processes, including the development and implementation of monetary policy. External members of the Committee cannot be representatives of organizations from the list of RUONIA participants.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: On citizens’ appeals received by the Government of the Russian Federation in June 2025

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Additionally

    Information on the number of written and oral requests received from citizens from 01.06.2025 to 30.06.2025

    Summary of the topics of citizens’ appeals received for the period from 01.06.2025 to 30.06.2025

    Summary of the number of received citizen requests by territory for the period from 01.06.2025 to 30.06.2025

    In June 2025, the Government of the Russian Federation received 18,917 requests (including 18,125 in the form of an electronic document). Among them, 124 were collective, signed by 19,958 people.

    In terms of the volume of correspondence received in June, international topics were the leading ones. The second place was taken by letters devoted to the economic sphere, including road repair and construction, gasification and water supply of settlements. The authors of appeals on environmental issues focused on animal protection issues. In terms of housing and utilities, applicants complained about the increase in utility bills and criticized the work of management companies. There were requests to improve housing conditions and expand preferential mortgage lending programs. The number of letters concerning social security and health care increased. Issues of obtaining citizenship, as well as the activities of inquiry and investigation agencies, remained relevant in appeals.

    High activity in terms of the number of letters received per 10,000 residents was noted in the Central and Southern Federal Districts (especially in Moscow and Sevastopol, the Republic of Crimea, Volgograd and Moscow Regions), as well as in the Donetsk People’s Republic and Zaporozhye Region. The activity of residents of the Northwestern Federal District generally corresponds to the average indicator for Russia. Below average values were recorded in the Volga, Ural, Siberian, North Caucasian and Far Eastern Federal Districts, where the most active authors were those living in the Ulyanovsk and Tomsk Regions, Kamchatka and Stavropol Territories, the Republic of Bashkorostan, and the Khanty-Mansi Autonomous Okrug – Yugra.

    Based on the results of the review, the appeals were sent by the Office of the Government of the Russian Federation to federal executive authorities and their territorial divisions (5,319), to regional executive authorities (3,904), to local government bodies, prosecutor’s offices and other organizations (1,878). 574 appeals were taken under control.

    The most important, socially significant requests were sent to the secretariats of the Chairman of the Government of the Russian Federation and his deputies (203), the management of the Government Office (19) and the structural divisions of the Government Office (394).

    In June 2025, 739 responses were received on the results of reviewing citizens’ appeals, including 306 from executive authorities of the constituent entities of the Russian Federation. 77 responses reported a positive resolution of the issues raised or measures taken, 599 authors were given the necessary explanations. The facts stated by the applicants were confirmed in 18 cases, 52 applications were verified on-site, 17 officials were held accountable. Complaints were denied to 38 authors due to the lack of legal grounds, in 22 cases the stated facts were not confirmed. 25 letters were left for additional control. 11 appeals were reviewed in violation of the deadlines.

    As part of the work of the telephone reference service in June 2025, answers were provided to 1,668 inquiries.

    The reception office of the Government of the Russian Federation was visited by 93 people in one month.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Financial news: The meeting of the National Financial Council took place (08.07.2025)

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    At its meeting on June 27, 2025, the National Financial Council (NFC) reviewed the Annual Report of the Bank of Russia for 2024, information from the Board of Directors of the Bank of Russia on the main issues of the Bank of Russia’s activities for the first quarter of 2025, as well as the report of the limited liability company “Management Company of the Banking Sector Consolidation Fund” for 2024.

    The meeting participants discussed the key stages of development of the Bank of Russia digital ruble platform project. During the NFS meeting, reports were heard on the development of the capital market, the digital financial assets market and its prospects. The risks of concentration of systemically important credit institutions were discussed, as well as the current status of the transition to the preferential use of Russian software and electronic products in the financial sector.

    The NFS approved the Bank of Russia’s report on expenses for 2024 for the maintenance of Bank of Russia employees, pension provision, personal insurance of Bank of Russia employees, capital investments and other administrative and economic needs, as well as the Bank of Russia’s regulations on accounting in the Bank of Russia.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Congratulations from Mikhail Mishustin on the Day of Family, Love and Fidelity

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Dear friends!

    I congratulate you on the Day of Family, Love and Fidelity.

    This holiday embodies centuries-old historical traditions and family values, where customs, knowledge and experience are passed on from parents to children.

    Today, support for birth rates and large families, care for the older generation, and improving the well-being of Russians are priorities of state policy. Active work in this direction is being carried out within the framework of the national project “Family”. Important social projects are being implemented in all regions of the country, significant events are being held aimed at improving demography and increasing life expectancy.

    We are proud of our country’s large families, labor and creative dynasties. With deep respect we honor the fathers and mothers of the fighters of the special military operation, who raised true patriots, courageously defending the national interests of the Fatherland.

    On this festive day, I would like to wish Russian families success, good health, happiness and prosperity.

    M. Mishustin

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Tatyana Golikova congratulated on the All-Russian Day of Family, Love and Fidelity and welcomed the participants of the second season of the competition “It’s Family”

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Deputy Prime Minister Tatyana Golikova congratulated all families in the country on the All-Russian Day of Family, Love and Fidelity. The video was shown at a press conference dedicated to the second season of the All-Russian competition “It’s Family in Ours” at TASS.

    Video greetings from Tatyana Golikova on the All-Russian Day of Family, Love and Fidelity

    14 hours ago

    From the transcript:

    Greetings to the participants of the second season of the “It’s in Our Family” competition and to all the families of our great country!

    Today is a special holiday – Family, Love and Fidelity Day. A holiday that unites generations and proves that a strong family is the foundation of a strong Russia.

    Family is an inexhaustible source of love, support and wisdom, the foundation on which personality is built. It is in the family that the most important values are passed on from generation to generation: respect, mutual understanding, loyalty, responsibility, traditions and the memory of ancestors. It is in the family circle that we learn to love, forgive, believe and create.

    Our common goal is to strengthen families, to avoid alienation and separation of generations. I am convinced that this is possible if the family is united by common goals, plans and dreams. This is the mission of the competition “It’s Family for Us”, which is held on the initiative of the President of Russia Vladimir Vladimirovich Putin.

    Almost 600 thousand people from all over the country took part in the first season of the competition, turning it into the largest family competition in Russia and giving it real national love. The tasks motivated thousands of families to spend more time with their loved ones: to learn new things together, to adopt knowledge from the older generation, to get to know each other better – through simple and useful activities.

    Since this year, the competition has become annual and has joined the large-scale national project “Family”. Its main and fundamental goal is for us, Russians, to become more numerous.

    The contest “It’s Family” was created to show how important and multifaceted family is in our lives. You share a piece of your family history, your unique traditions, recipes, hobbies. You remind us all that strong family ties, mutual support and love are the harmonious foundation of our society.

    The new season of the competition has started. Every Russian family can take part in it. I am sure that interesting communication, an atmosphere of creativity, new interesting acquaintances await you, because generosity of soul, love and loyalty are our family traits! Join us!

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Vitaly Savelyev held a meeting with the participant of the second stream of the presidential program “Time of Heroes” Alexander Karamyshev

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Lieutenant Colonel Alexander Karamyshev – Hero of Russia, holder of the Order of Courage. Following the meeting, it was decided that Alexander would undergo an internship at Aeroflot.

    Vitaly Savelyev held a meeting with the participant of the second stream of the presidential program “Time of Heroes” Alexander Karamyshev

    July 8, 2025

    Vitaly Savelyev held a meeting with the participant of the second stream of the presidential program “Time of Heroes” Alexander Karamyshev

    July 8, 2025

    Lieutenant Colonel Alexander Karamyshev – Hero of Russia, Cavalier of the Order of Courage

    July 8, 2025

    Previous news Next news

    Vitaly Savelyev held a meeting with the participant of the second stream of the presidential program “Time of Heroes” Alexander Karamyshev

    The “Time of Heroes” program is implemented by the Higher School of Public Administration of the Presidential Academy. As part of the first stream, Deputy Prime Minister Vitaly Savelyev acted as a mentor to Hero of Russia Alexander Sheptukhin, who currently holds the post of advisor to the head of the Federal Air Transport Agency.

    “As part of my career, I would like to develop my professional competencies at Aeroflot. At the meeting, we agreed that a detailed plan for an internship at the airline would be developed in the direction in which I would be interested in reaching new heights,” noted Alexander Karamyshev.

    “It is a great honor for us that Alexander Karamyshev will undergo an internship in the transport industry structures. It is also a responsible task to support him in choosing the direction of his future activities. We will continue to provide him with all the necessary professional assistance and support,” Vitaly Savelyev emphasized.

    The goal of the program is to train managers from among the participants of the special military operation for subsequent work in state and municipal authorities, as well as state-owned companies. The program is implemented by the Higher School of Public Administration of the Presidential Academy in cooperation with the Senezh Management Workshop. The selection criteria for the training program were demonstrated heroism within the SVO, management experience and achievements in the military or civilian spheres, as well as the results of assessment activities to determine management potential.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: The best students of the Pre-University of the State University of Management received medals and applied for admission

    Translation. Region: Russian Federal

    Source: Official website of the State –

    An important disclaimer is at the bottom of this article.

    On July 8, not only applicants from different parts of Moscow, but also the best students of the GUU Pre-University came to the Admissions Office of the State University of Management.

    Vice-Rector Dmitry Bryukhanov and Director of the Pre-University of the State University of Management Marina Grigorieva presented thirteen students with medals from the Moscow Department of Education and Science “For Special Achievements in Education” and wished them successful admission.

    Most of the graduates came with their parents and brought documents to submit to the university that had become their home.

    Sofia Varenik, who graduated from the Pre-University this year with a gold medal, told us about her path to the award.

    “I have been an excellent student since the first grade, my example was my mother, who also received a gold medal upon graduation. I will not say that it was easy. The main thing in achieving success in any endeavor is patience, determination, the ability to wait and work. The Pre-University has a very comfortable atmosphere, excellent conditions, and the teachers and classmates have become a real family over these two years. We are going to continue to keep in touch,” Sofia shared.

    Earlier we told you how the graduation of the Pre-University of the State University of Management and the graduation of the students of the State University of Management went, and on our channel in Zen you can find out the rules for admission to the State University of Management, what has changed in the Admissions Campaign of 2025, as well as get acquainted with the institutes of the State University of Management and get useful advice.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Asia-Pac: LegCo powers bill gazetted

    Source: Hong Kong Information Services

    The Government today published in the Gazette the Legislative Council (Powers & Privileges) (Amendment) Bill 2025, which aims to improve the system on the performance of duties by Legislative Council members.

    The bill, which will be introduced into LegCo for first reading tomorrow, amends the Legislative Council (Powers & Privileges) Ordinance to provide for imposing financial penalties on members suspended under the Rules of Procedure (RoP) from LegCo service due to a breach of the Code for Members of the Legislative Council.  

    The bill is being introduced in accordance with LegCo’s proposal, in light of its improvement to the system on the performance of duties by members, the introduction of the code, and corresponding amendments to be made to the RoP.

    The Government noted that at present, the deprivation of LegCo members’ remuneration and allowance in respect of the period of suspension provided under the ordinance is only applicable to cases of engaging in grossly disorderly conduct.

    According to LegCo’s proposal, in future, members who have breached the code and are suspended under the RoP will also be subject to the same deprivation of remuneration and allowance.

    The amendments will also provide flexibility to LegCo to cater for deprivation of remuneration and allowance of members suspended from LegCo service for other reasons under the RoP as approved by LegCo in future.

    Once the Bill is passed it will take effect starting from the Eighth-Term LegCo in tandem with the code and the amended RoP. 

    The Government emphasised that it fully appreciates the initiatives taken by LegCo to enhance self-regulation and self-improvement as well as transparency of its operation.

    The amendments to the ordinance will facilitate LegCo in striving for continual improvement, thereby optimising the contribution of “patriots administering Hong Kong”, the Government added.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: InvestHK signs MOU with Xi’an Hi-Tech Zone to foster Shaanxi-Hong Kong partnership in empowering enterprises’ global expansion (with photos)

    Source: Hong Kong Government special administrative region – 4

         Invest Hong Kong (InvestHK) today (July 8) cohosted the “Shaanxi-Hong Kong Collaboration: Leveraging Hong Kong Strengths to Support Shaanxi Tech Companies in Going Global” seminar in Xi’an, Shaanxi Province, in collaboration with the Hong Kong and Macao Affairs Office of the Shaanxi Provincial People’s Government and the Shaanxi Association for Science and Technology. The event was also co-organised by the Hong Kong Economic and Trade Office in Chengdu (CDETO), the Hong Kong Special Administrative Region (HKSAR) Government’s Shaanxi Liaison Unit, Shaanxi Province Xixian New Area Development and Construction Management Committee, and the Xi’an High-Tech Industries Development Zone Management Committee.
          
         The Director of the CDETO, Mr Enoch Yuen; the Director-General of the Hong Kong and Macao Affairs Office, Shaanxi Provincial Government, Ms Yao Hongjuan; and Vice President of the Shaanxi Association for Science and Technology Mr Lv Jianjun delivered welcome remarks to guests and the media. Mr Yuen said, “The National 14th Five-Year Plan explicitly designates Hong Kong as an international innovation and technology hub, while Shaanxi serves as a key national base for technology and industry, with strong capabilities in energy and chemical engineering, equipment manufacturing, and aerospace, among others. Both Hong Kong and Shaanxi place great importance on the development of the innovation and technology industry, and frequent high-level exchanges between the two places have continued to deepen in recent years. We look forward to deeper collaboration, leveraging Hong Kong’s strengths in taxation, finance, and global connectivity, while combining them with Shaanxi’s strong industrial foundation and innovative vitality, to achieve a mutually beneficial partnership.”
          
         Ms Yao stated that efforts will be made to actively promote and deepen economic, trade, and investment co-operation between Shaanxi and Hong Kong, particularly in the fields of innovation and technology, as well as new quality productive forces. These efforts aim to help enterprises in both regions seize development opportunities and achieve complementary advantages. Mr Lv also delivered remarks at the event.
          
         One of the key highlights of the event was the signing of a Memorandum of Understanding (MOU) between InvestHK and the Xi’an High-Tech Industries Development Zone Management Committee, marking a solid step forward for Shaanxi and Hong Kong in promoting the international development of enterprises in the central and western regions.
          
         Xi’an High-tech Zone is one of the first national high-tech zones approved by the State Council. In 2024, Xi’an High-tech Zone ranked fifth in the country and first in the central and western regions in the comprehensive evaluation of national high-tech zones. The zone focuses on developing innovative industries such as optoelectronic information, smart manufacturing, biomedicine, automobiles, new materials and energy. It has successfully built two “hundred-billion-level industrial clusters” in the automobile industry and electronic information. At present, the zone has become the world’s largest production base for flash memory chips and new energy vehicles.
          
         Under the MOU, the Xi’an High-Tech Industries Development Zone Management Committee will encourage enterprises in the zone to utilise Hong Kong as a base for expanding overseas business. InvestHK will provide enterprises with information on the business environment and policies in Hong Kong, as well as support services for companies investing and operating in Hong Kong. The signing of this MOU establishes a structured collaboration framework, combining Hong Kong’s unique strengths as an international financial centre and Xi’an High-Tech Zone’s innovation capabilities to empower enterprises in accessing global resources efficiently and seizing early opportunities in international markets.
          
         The Head of the Go Global Unit/Business and Talent Attraction/Investment Promotion of Western China of InvestHK, Mr Jason Gan, and the Director of the Science and Technology Innovation Bureau of the Xi’an High-Tech Industries Development Zone, Mr Gao Yuntian, signed the memorandum of co-operation on behalf of their respective sides. Mr Gan said after the signing, “There are tremendous opportunities for co-operation between Shaanxi and Hong Kong in developing new quality productive forces and contributing to China’s high-quality development. As a vital bridge between the Mainland and international markets, Hong Kong has long been committed to providing comprehensive support for Mainland innovation-driven enterprises. We hope to further leverage the complementary advantages of the two places to assist high-quality enterprises in the zone to go global via Hong Kong, and work together to explore new innovative co-operation.”
          
         The Head of Innovation & Technology of InvestHK, Mr Andy Wong, delivered a keynote speech and highlighted Hong Kong’s competitive edge in the I&T sector. “We possess a number of competitive advantages in developing innovation and technology, including world-class academic research and talent, cutting-edge R&D infrastructure, robust intellectual property protection, and the strong support of the HKSAR Government. In 2024, InvestHK supported 120 innovation and technology companies to set up or expand in Hong Kong, making it the top sector among those we assisted. This reflects the international community’s confidence in and recognition of Hong Kong’s I&T development, and further affirms the city’s strategic role as a two-way platform between the Mainland and global markets. Hong Kong’s innovation and technology sector has recently made remarkable progress in several areas. For example, the first batch of regulatory sandbox pilot projects for the low-altitude economy has been launched, serving as a new engine for Hong Kong’s future development. In addition, the city’s new drug approval mechanism has been updated to accelerate the market entry of new pharmaceuticals. I sincerely hope that I&T enterprises in Shaanxi will seize the diverse opportunities offered by Hong Kong to expand into international markets,” he said.

         Senior Manager of the Leasing and Operations Department of Hong Kong-Shenzhen Innovation and Technology Park Limited Mr Tandy Tan and Associate Director of the Research and Innovation Office of Hong Kong Polytechnic University Mr Victor Zhao also shared the opportunities of the Hong Kong Innovation and Technology Center and highlighted Hong Kong’s R&D capabilities in empowering new quality productive forces raised from Hong Kong universities. Deputy Director of the Science, Technology Innovation and New Economy Bureau, Shaanxi Province Xixian New Area Ms Han Ping also shared the latest developments on Shaanxi’s I&T industry construction centre.
          
         This event featured a panel discussion with industry leaders from professional services in Hong Kong, especially in financial professional services. Guest speakers from Hong Kong Exchanges and Clearing Limited, HSBC and Deloitte Tax shared insights on how Hong Kong’s financial and professional services can accelerate Mainland firms’ global expansion.
          
         The seminar included a dedicated exchange session to provide on-site consulting services for corporate representatives interested in expanding to Hong Kong. The event attracted 190 representatives from Shaanxi enterprises, institutions and local media.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Hong Kong Customs detects smuggling case by river trade vessel involving goods worth about $34 million (with photo)

    Source: Hong Kong Government special administrative region – 4

    Hong Kong Customs on June 27 detected a suspected smuggling case involving a river trade vessel. A large batch of suspected smuggled goods with a total estimated market value of about $34 million was seized.

    Through intelligence analysis and risk assessment, a river trade vessel departing from Hong Kong for Macao was selected for inspection on June 27. Upon examination, Customs officers onboard the vessel found a large batch of suspected smuggled goods, including about 570 000 suspected pharmaceutical products, about 1 500 kilograms of dried shark fins, about 47kg of shisha tobacco, about 42kg of bird’s nests, about 38kg of cigars and 1 380 mobile phones.

    An investigation is ongoing. The likelihood of arrests is not ruled out.

    Being a government department primarily responsible for tackling smuggling activities, Customs has long been combating various smuggling activities on all fronts. Customs will keep up its enforcement action and continue to resolutely combat sea smuggling activities through proactive risk management and intelligence-based enforcement strategies, and carry out targeted anti-smuggling operations at suitable times to crack down on relevant activities.

    Smuggling is a serious offence. Under the Import and Export Ordinance, any person found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and imprisonment for seven years upon conviction.

    Members of the public may report any suspected smuggling activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SAMOA TO PARTICIPATE IN INAUGURAL PACIFICAUS SPORTS CRICKET INVITATIONAL

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    [PRESS RELEASE] – Samoa’s national women’s cricket team are travelling to Port Moresby to compete in the Inaugural PacificAus Sports Cricket Invitational. The team will be battling against an Australian Indigenous team and teams from Papua New Guinea and Vanuatu from Saturday 15 June – Saturday 21 June in an action-packed draw.

    Captain Tuaoloa Helen Semau of Vailuutai, Falelatai and Iva Savaii said the team is “incredibly excited and honoured to be part of the Pacific Invitational Tournament. Competing against strong teams like the Australian Indigenous Women’s Team, Papua New Guinea, and Vanuatu is both a challenge and a privilege we embrace wholeheartedly.

    This is an amazing opportunity for us to test ourselves and grow as a team. We’ve been training hard, and the spirit within the squad is strong. We’re not just here to participate – we’re here to compete, represent Samoa with pride, and show the progress we’ve made in our cricket journey.”

    The Samoa national women’s team is currently ranked 45 th , and prior to COVID-19 it had been ranked 16th in the world. The Invitational presents an opportunity for the team to face up against old rivals PNG and Vanuatu. Coach Perelini Mulitalo said “I’m really happy about the squad we’ve assembled for this Pacific Invitational, especially with the inclusion of our young talents from the U19 Women’s Team – Avetia Mapu, Olive Lefaga Lemoe, Angel Sootaga So, Masina Faimafili Tafea and Norah Jade Salima. These girls have shown great potential, composure, and hunger to compete at the senior level.

    “This tournament will be an invaluable experience for them, and it is a big step forward in our pathway for women’s cricket in Samoa. Bringing in youth adds fresh energy, and it also signals the growth and future of our program. We are not only building for now—we are building for sustained success in the years to come.

    “It is going to be a tough competition, but these young players bring new strengths and fearless intent that will boost our team. I am proud of how far they’ve come and excited to see them rise to this challenge.

    “These types of tournaments are so important for women’s cricket in the Pacific. They push us to raise our standards and inspire the next generation back home. Win or lose, we’ll leave everything on the field and carry our flag with pride.”

    Carol Agafili, a fresh addition to the team is feeling calm and confident ahead of the matches and will be another strong addition to the team.

    The T20 tournament is supported through the Australian Government’s PacificAus Sports program, which creates opportunities for Pacific athletes, coaches, officials and administrators to access high performance training and elite competition.

    Australia’s High Commissioner to Samoa, HE Will Robinson said, “the Australian Government is proud to partner with the Samoa International Cricket Association to help the Samoan team to attend the inaugural PacificAus Sports Cricket Invitational. Manuia le fa’amoemoe Samoa!”

    The Invitational builds on previous investment in Samoa cricket from the Australian Government, with PacificAus Sports supporting a visit to Samoa from Australian cricket legend Cathryn Fitzpatrick last year to support the U19 women’s team prepare for the T20 World Cup.

    The competition is set to be fierce, with Cricket Australia’s CEO Todd Greenberg expecting “this tournament will showcase high-performance cricket while continuing to strengthen shared cultural connections”. Mr Greenberg also added that “the Australian Women’s Indigenous squad brings together skill, determination, and a proud legacy of Indigenous cricket”. Mr Greenberg is looking forward to seeing the Australian team perform their at their best in PNG.

    The tournament is being played in Papua New Guinea as part of the celebration of the nation’s 50th anniversary of independence, Cricket Papua New Guinea will be the hosts for the tournament, with support from Cricket Australia.

    END.

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  • MIL-OSI Asia-Pac: HANDOVER CEREMONY FOR THE PROJECT, “CHANGING MINDSETS: REMOVAL OF SINGLE USE PLASTICS IN THE NATIONAL UNIVERSITY OF SAMOA”

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    [JOINT PRESS RELEASE, 13 June 2025] – A handover ceremony was held earlier today (13 June) to mark the completion of installation of 10 water stations in the National University of Samoa (NUS) and provide 1300 reusable water bottles, funded under UK’s International Development Programme.

    The project, valued at a grant of £ 29,631 (approximately SAT104,350), has provided the students at the National University of Samoa with access to free, cool, filtered drinking water and an opportunity to change mindsets of immediate family members and promoting environmental benefits through the reduction of single use plastics.

    Apart from the “Changing Mindsets: Removal of Single Use Plastics in the National University of Samoa” project, the acting High Commissioner officially handover a selection of books from Her Majesty the Queen for the National University of Samoa’s library.

    Following the wonderful visit to the NUS during CHOGM, Her Majesty the Queen has sent five books for the library at NUS. Her Majesty the Queen is an avid reader and is an advocate to celebrate and promote the power and benefits of reading, Reading Room | The Duchess of Cornwall’s Reading Room.

    The Acting High Commissioner of the British High Commissioner, Mr. Daniel Garlick spoke about the significance of this project in continuing the ongoing relationship and collaboration between the National University of Samoa and UK.

    “We are proud of the UK’s on-going collaboration with the National University of Samoa. A year ago, we were preparing for the visit of Their Majesties to NUS as part of CHOGM. Our project in partnership with Pure Pacific Water in providing water stations and reusable water bottles to NUS is tangible example of how we can work together to change mindsets and protect the fragile environment in Samoa”.

    “We hope that students at the NUS will be able to access and enjoy the books sent by Her Majesty the Queen. The books will foster a lifelong love of literature and connect students with that special magic that can only be found in the leaves of a book.”

    The Vice-Chancellor of the National University of Samoa, Tuifuisa’a Dr. Patila Malua Amosa delivered a remark acknowledging the donation by UK for the behalf of the University.

    “On behalf of the University, I extend our heartfelt gratitude for your generous donation of water stations and water bottles and also books to our university community and that contribution is significant towards enhancing the learning environment and especially the wellbeing of our students”.

    “The books also will enrich our library resources, providing invaluable knowledge and fostering culture of learning and academic excellence”, said Professor Tuifuisa’a.

    UK’s International Development Programme Fund is designed to meet the diverse needs and supporting community-based projects that directly benefit local population.

    This project assured to continue to strengthen bilateral relations between Samoa and the United Kingdom during by focusing on our shared goals of social and economic development.

    END

    SOURCE – UK in Samoa, The National University of Samoa

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  • MIL-OSI Asia-Pac: U.S. COAST GUARD, U.S. EMBASSY APIA, SAMOA ANNOUNCES LAUNCH OF MARITIME BOARDING OFFICER COURSE IN SAMOA.

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    [PRESS RELEASE] – The U.S. Coast Guard and U.S. Embassy conducted a Maritime Boarding Officer Course from June 9 – 20, 2025, designed to strengthen maritime law enforcement operations and U.S. Coast Guard collaboration with partners in Oceania.

    The course covered a broad spectrum of essential topics, including professional communication, international maritime law, boarding procedures, arrest and detention protocols, high-risk search techniques and practical boarding scenarios. Participants from the Samoa Police and Fisheries collaborated with members from the U.S. Coast Guard Mobile Training Team and Fourteenth Coast Guard District in a combination of classroom instruction and hands-on exercises, ensuring the application to realistic operational environments.

    “Our goal is to enhance the proficiency and safety of boarding teams as they carry out vital maritime security missions,” said Lt. Channing Meyer, a lead Operation Blue Pacific planner for the Fourteenth District. “This training will prepare personnel to handle a wide range of scenarios with professionalism and confidence, ultimately helping to protect Samoa’s maritime borders and ensure the safety of our shared waterways.”

    The Maritime Boarding Officer Course is part of the U.S. Coast Guard’s ongoing commitment to operational safety and maritime security. Key participants of this course were maritime police, fisheries compliance officers and other personnel who carry out maritime law enforcement, border security, and patrols at sea.

    “This is the first U.S. Coast Guard Mobile Training Team that has been deployed to Samoa in recent years, but it is one of 20 other courses that have been executed throughout the Pacific Islands since 2023,” said Lt. Rebecca Edmonds, Oceania and North Asia program manager at U.S. Coast Guard Headquarters. “The program is synchronized and aligned with Australia’s Pacific Maritime Security Program and provides tailored law enforcement, engineering, and small boat operations support to each recipient of a Guardian Class Patrol vessel.”

    This course also complements the bilateral maritime law enforcement, commonly known as the “shiprider” program where Samoa Police and Fisheries officers patrol the Samoan exclusive economic zone onboard U.S. Coast Guard and U.S. Navy vessels.

    “The Boarding Officer Course is part of an ongoing cooperation to strengthen maritime security, improve coordination between agencies and build operational capacity for our Samoan counterparts,” said U.S. Chargé d’Affaires Daniel Tarapacki, U.S. Embassy Apia, Samoa. “The course is designed to provide Samoa’s boarding team members with classroom instruction and numerous practical exercises to confidently conduct maritime law enforcement boardings at sea.”

    About the U.S. Coast Guard Mobile Training Team:

    The U.S. Coast Guard Mobile Training Team (MTT) is a deployable unit that fosters international cooperation and strengthens maritime partnerships by providing specialized training and technical assistance to partner nations around the globe. Every year, they train over 1,000 international partners in more than 40 countries.

    END.

    SOURCE – US Embassy Apia, Samoa

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  • MIL-OSI Asia-Pac: Speech by CE at South China Morning Post China Conference 2025 (English only) (with photos/video)

    Source: Hong Kong Government special administrative region – 4

         Following is the speech by the Chief Executive, Mr John Lee, at the South China Morning Post China Conference 2025 today (July 8):

    Ms Catherine So (Chief Executive Officer of the South China Morning Post), Ms Tammy Tam (Editor-in-Chief of the South China Morning Post), Mr Steve Finch (President and Chief Executive Officer of Manulife Asia), distinguished guests, ladies and gentlemen, 

    Good morning. It’s a pleasure to join you here, once again, at the South China Morning Post’s annual China Conference – the 11th edition.

    More than 700 of you are here for this year’s gathering. Some 300s are joining us, virtually, at this forum for business, trade, finance, investment and technology. All of you keen on getting the latest intelligence and insights, developments and business opportunities – in Hong Kong, throughout China and beyond. 

    The theme of this China Conference is “Where Capital Meets Innovation” – an apt description of the strengths of China, our country, and how Hong Kong contributes to its rise. That provides the world with much-needed certainty, especially in this difficult time.

    This year’s international trade uncertainties, and chaos, may well continue amidst the rise of protectionism and unilateralism. The global economy is grappling with profound instability, escalating geopolitical risks and the wholesale reshaping of long-existing trading systems.

    In spite of a damaged global trade order, the expanding trade and capital flows of China, our country, help buoy the economy of the region and the world.

    The Mainland economy has sound fundamentals, a vast domestic market and the robust policies in place to withstand external challenges. In the first quarter of this year, the country’s GDP (Gross Domestic Product) grew by 5.4 per cent, and key economic indicators have kept improving since the beginning of the second quarter – simply said, China, our country, is well on its way to achieving the official growth target of around 5 per cent for 2025.

    As for Hong Kong, our economy expanded solidly by 3.1 per cent in the first quarter of 2025, supported by visible increases in exports and the resumption of moderate growth in overall investment expenditure. We forecast real GDP growth of 2 per cent to 3 per cent in this year.

    Last week, we celebrated the 28th anniversary of the Hong Kong Special Administrative Region’s establishment. That happy occasion was a welcome opportunity to thank our country for championing Hong Kong through the “one country, two systems” principle, as well as the national strategies and made-for-Hong Kong initiatives it supports us with.

    Last month, the World Competitiveness Yearbook ranked Hong Kong third in the world in global competitiveness, up two places from the previous year, and up four places from 2023.

    It marks Hong Kong’s return to the global top three for the first time since 2019, reflecting our commitment to change in face of today’s rising challenges.

    There’s a lot more to be grateful for. In April and May, Hong Kong’s merchandise exports showed double-digit, year-on-year growth, while visitor arrivals also brought double-digit, year-on-year increases in the second quarter.  

    And Hong Kong, in the first half of this year, has been the world’s largest IPO (initial public offering) fundraising market, raising over US$13 billion. That’s up a whopping 22 per cent, compared with the full-year figure last year.

    It speaks of Hong Kong’s long-standing appeal as a safe haven for Chinese and international capital and a bridge for global investors. 

    Hong Kong is, after all, the most internationalised city in the country. We offer the world a market-friendly business environment underpinned by the rule of law. We are the only common law jurisdiction in our country, with a legal system and regulatory regime similar to most global financial hubs. And we present business and investment advantages unmatched by any other city in the world.

    Last year, the total number of local registered companies reached its record high, surpassing 1.46 million. And the total number of non-local companies registered here also reached a record high, and was over 15 000. Both figures continue to show encouraging growth this year. 

    Since January 2023, Invest Hong Kong, our dedicated investment promotion agency, has assisted more than 1 300 Mainland and overseas companies in setting up or expanding their business in Hong Kong. These companies bring in foreign direct investment of over US$21 billion to our economy, creating over 19 000 jobs.

    When I assumed office as Chief Executive three years ago, I established the Office for Attracting Strategic Enterprises. My aim is to offer, through this Office, one-stop facilitation services and  tailor-made incentives to attract strategic enterprises to our city and foster innovation and economic growth. 

    The Office has brought in 84 strategic companies, from such high-tech industries as advanced manufacturing and new energy technology, AI and data science, fintech and life and health technology. The strategic companies will invest about US$6.4 billion in the next few years, creating over 20 000 jobs. 

    We also launched a new scheme in May this year to create a company re-domiciliation regime to attract companies to Hong Kong. It provides a convenient, safe and secure pathway for companies to re-domicile to Hong Kong. Different companies have already expressed their interest to the regime and two international insurance giants – as Mr Finch is surely aware – have announced they will officially re-domicile to Hong Kong. Good business always makes right decisions.

    These companies all gave their strong vote of confidence in the development of Hong Kong and the country, and will help attract a wealth of partners and related companies to this part of the globe.

    Another strong advantage Hong Kong offers to overseas companies here, old or new, is our easy access to the Mainland market. We are certainly a front runner in this regard. 

    That’s in no small part thanks to the Mainland and Hong Kong Closer Economic Partnership Arrangement, or CEPA, our de facto free trade agreement with the Mainland that provides preferential treatment to Hong Kong companies, facilitating smoother access to the Mainland’s vast market.

    A new amendment agreement under the CEPA Agreement on Trade in Services entered into force this March. It includes the removal of the qualifying period requirement on Hong Kong service suppliers in most sectors, meaning our many new companies can also benefit from the arrangement’s facilitation measures in accessing the Mainland market.

    Together with new initiatives that allow Hong Kong-invested enterprises to adopt Hong Kong law and choose Hong Kong as the seat for arbitration in their operation in a range of Mainland cities, CEPA provides a wide range of innovative enhancements that help a world of investors better capitalise on China’s growth opportunities, with the help of Hong Kong’s world-class professional services.

    Then there’s technological innovation, including artificial intelligence. AI advancements are transforming production, business and consumption patterns. They are redefining the core competitiveness of economies.

    These trends create new opportunities for Hong Kong, particularly in our deepening integration with the Guangdong-Hong Kong-Macao Greater Bay Area, a cluster city development that brings together Hong Kong, Macao, and nine southern cities on the Mainland.

    With a population exceeding 87 million and a GDP of more than US$2 trillion last year, similar to the size of the 10th largest economy in the world, the Greater Bay Area is among the most open and economically vibrant regions in the country. 

    The Shenzhen-Hong Kong-Guangzhou science and technology cluster, which includes three of the Greater Bay Area’s core cities, has been ranked second, globally, for five consecutive years in the Global Innovation Index, published by the World Intellectual Property Organization. 

    Drawing together Hong Kong’s research capabilities and business competitiveness, as well as the Mainland’s innovation and advanced manufacturing prowess, the Greater Bay Area endeavours to become a world-leading I&T (innovation and technology) hub.

    One spectacular example is the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, an area that straddles our boundary with Shenzhen. It will develop into a cutting-edge advanced technology centre that converges the strengths of Hong Kong and Shenzhen. Last November, the HKSAR (Hong Kong Special Administrative Region) Government published the Development Outline for the Hong Kong Park in the co-operation zone.

    The Park’s first three buildings have been completed, and the Greater Bay Area International Clinical Trial Institute opened last November at Hong Kong Park.

    That’s just the beginning. Artificial intelligence, new energy vehicles, the low-altitude economy, fintech, and more, are thriving in the Greater Bay Area. And as the Park enters into the operational phase this year, more of these companies will be joining us.

    Beyond I&T, we have seen the successful introduction of a wide variety of policy initiatives with the Greater Bay Area, including measures for the two-way flow of talent, schemes for supporting youth innovation, entrepreneurship and employment, and policies to facilitate mutual travel.

    And the promise of further co-operation between Hong Kong and the rest of the Greater Bay Area and the Mainland is boundless.

    Ladies and gentlemen, when we talk of China’s might, many of us immediately look to the maiden visit to Hong Kong over the past weekend of the first domestically built aircraft carrier of China, our country, the Shandong. Although the fleet has just bid us farewell yesterday, the awe and pride it drew among the people of Hong Kong over its five-day visit will be long-lasting.

    More than a display of maritime strength, the fleet showcases our country’s commitment to peacekeeping and regional stability. And much like how the Shandong docked in our safe harbour, Hong Kong is where the country anchors its trust.

    In this era of fogged horizons, China does not just project power – it radiates investible stability. And Hong Kong is the “super connector” and “super value-adder” that links the world with opportunities from China’s growth and certainties. A link you can always bank on.

    Amid an ever changing geopolitical landscape and constantly escalating uncertainties, Hong Kong is the place that promises security and development. This certainty of security and development is precisely what a world of investors need and thirst for. 

    Together, we will fully seize development opportunities, keep boosting our competitiveness, undertake reforms for progress, and foster innovation. The wisdom and wealth of experience of the people of Hong Kong will help the Pearl of the Orient shine brighter than ever on the world stage.

    My thanks to the South China Morning Post for organising this essential, always eventful, annual gathering. 

    I wish you all a rewarding conference. And the best of business in the second half of 2025, a year that will surely be full of opportunities and rewards. Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SJ commences European visit in Netherlands (with photos)

    Source: Hong Kong Government special administrative region – 4

         The Secretary for Justice, Mr Paul Lam, SC, began his European visit in Amsterdam, the Netherlands, on July 6 (Amsterdam time). He met with international organisations, judges from the International Court of Justice (ICJ), government officials and the local business community to promote Hong Kong’s legal system and services, and its development as an international legal and dispute resolution centre in the Asia-Pacific region.
     
         Upon his arrival, Mr Lam met with Hong Kong people and overseas Chinese organisation representatives living in the Netherlands and Luxembourg to learn about their work and life, and shared with them the latest developments of Hong Kong in various areas.
     
         After arriving at The Hague on July 7, Mr Lam visited the Hague Conference on Private International Law (HCCH) and met with the Secretary General of the HCCH, Dr Christophe Bernasconi. Mr Lam thanked the HCCH for its support for the secondment programme of legal professionals of the Department of Justice (DoJ) and exchanged views on further strengthening the co-operation between the DoJ and the HCCH, including hosting an international conference about the Hague Conventions during the DoJ’s flagship event – Hong Kong Legal Week in December this year.
     
         Mr Lam then met with the Secretary General of the Ministry of Justice and Security of the Netherlands, Ms Anneke Van Dijk, and officials to introduce the latest developments of Hong Kong and discuss issues such as the development and direction of international legal co-operation.
     
         Afterwards, Mr Lam had a lunch meeting with the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Kingdom of the Netherlands, Mr Tan Jian. Mr Lam thanked the Central Government for supporting the Hong Kong Special Administrative Region to actively participate in meetings of international organisations as part of the Chinese delegation, providing opportunities for Hong Kong legal talent from the public and private sectors to take part in various projects of the HCCH. He said that the DoJ will continue to strengthen international legal talent training, as well as exchanges and co-operation with international organisations to contribute to the promotion of the country’s contribution to the development of international rule of law.
     
         In the afternoon, Mr Lam visited the ICJ of the United Nations and met with the President of the ICJ, Mr Yuji Iwasawa, to exchange views on the latest developments in international dispute resolution, including the establishment of the International Organization for Mediation with its headquarters in Hong Kong. They also shared views on the training of international legal experts and professionals. Mr Lam then visited the Permanent Court of Arbitration (PCA) and met with the Secretary-General of the PCA, Dr Marcin Czepelak, to discuss the co-operation between the DoJ and the PCA in the fields of capacity building and international law.
     
         In the evening, Mr Lam attended a business seminar and dinner organised by the Netherlands Hong Kong Business Association with the support of the Hong Kong Economic and Trade Office in Brussels and Invest Hong Kong. Speaking at the seminar, Mr Lam shared with about 100 participants Hong Kong’s distinctive advantage of enjoying the strong support of the motherland while being closely connected to the world under the “one country, two systems” principle. He stressed that Hong Kong’s legal system is credible and reputable, user-friendly, and closely tied with Mainland China and other parts of the world. These elements make Hong Kong’s legal system exceptional among other common law peers.
     
         Mr Lam will go to Paris for the second leg of his European visit today (July 8, Amsterdam time).

    MIL OSI Asia Pacific News –