NewzIntel.com

Category: Economy

  • MIL-OSI Europe: Repatriation assistance

    Source: Government of Sweden

    Repatriation assistance – Government.se

    Please enable javascript in your browser

    Article from Ministry of Justice

    Published

    In the Budget Bill for 2025, the Government presented measures to stimulate voluntary repatriation that include increased financial assistance in 2026. This repatriation assistance will be aimed at certain individuals who already have the legal right to reside in Sweden. It will not apply to those who may obtain legal right in the future or people with a return decision.

    The current system 

    Individuals already in possession of a Swedish residence permit who wish to leave Sweden to take up residence in another country are, under certain conditions, eligible for financial support in the form of repatriation assistance. This support is only available to certain individuals with a legal right to reside in Sweden, including those who have been granted a residence permit as a refugee or person eligible for subsidiary protection, and their family members. Individuals who have received a refusal-of-entry or expulsion order do not have a right to repatriation assistance. 

    Those who are currently entitled to financial support can receive assistance to cover travel expenses. In addition to, repatriation assistance of up to SEK 10 000 per adult and SEK 5 000 per child under 18 years can be granted. A family can currently receive a maximum of SEK 40 000.

    Government intends to increase repatriation assistance

    In the Budget Bill for 2025, the Government presented measures to stimulate voluntary repatriation. These measures include increasing repatriation assistance in 2026. The current system needs to be reviewed in order to enable an increased repatriation assistance up to a maximum of SEK 350 000. At the same time, the system must be reviewed to minimise the risk for fraud and abuse. The Government will present proposals to this effect at a later date. 

    The repatriation assistance will continue to be aimed at individuals already with a legal right to live in Sweden who wish to leave the country voluntarily. As today, it will not apply to individuals who have received a refusal-of-entry or expulsion order. 

    Additional information

    For more detailed information about the current process for voluntary repatriation, including how to apply and what assistance is available, please visit the Swedish Migration Agency’s website. 

    Volun­tary repat­ri­a­tion

    Leaving Sweden

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: UK boosts Somalia security with additional £7.5 Million to ATMIS

    Source: United Kingdom – Executive Government & Departments

    The United Kingdom announces a further funding to support the African Union Transition Mission in Somalia (ATMIS) to bolster Somalia’s security.

    The United Kingdom has provided a further £7.5 million to the African Union Transition Mission in Somalia (ATMIS). This latest round of funding builds on earlier contributions and increases the total amount of financial support from the United Kingdom to both ATMIS and AMISOM since 2021 to £77 million. ATMIS plays a vital role in Somalia’s security, protecting key areas including population centres, supply routes and infrastructure. It continues to support the Somali National Army in joint operations, facilitating humanitarian aid, and safeguarding political processes including elections. 

    UK funds have enabled ATMIS to improve Somalia’s security by combatting al-Shabaab and reducing the group’s influence. ATMIS troops also provide protection for Somali civilians as they work to ensure a more stable and secure Somalia to the benefit of its people and the region. The new funding will fund military stipends for troops from the five troop-contributing countries (Burundi, Djibouti, Ethiopia, Kenya and Uganda), and will help ATMIS to complete its mandate of a phased handover of security responsibilities to the Somali Security Forces. The activities of ATMIS are crucial to Somalia’s journey towards security and stability, but these require consistent international support.

    British Ambassador to Somalia, Mike Nithavrianakis, said of the new funding:

    The UK is a close and longstanding partner of Somalia and a leading donor to ATMIS. By supporting ATMIS, we are not only investing in Somalia’s security today but also in its stability and prosperity tomorrow. I encourage traditional and non-traditional partners to financially support the successor mission to ATMIS to ensure a secure and stable future for all Somalis and the region.

    Somalia’s Defence Minister, Abdikadir Mohamed Nur, welcomed UK support, noting:

    This funding is critical in supporting the efforts of ATMIS and Somali security forces. We appreciate the UK’s continued partnership in rebuilding a safer and secure Somalia. The continued support of our partners will remain vital as we work towards a sustainable security environment in our country.

    The African Union (AU) Commissioner for Political Affairs, Peace and Security (PAPS), H.E. Ambassador Bankole Adeoye also expressed gratitude for the UK’s contribution and emphasised the importance of continued international support:

    I wish to sincerely thank the British Embassy for its continued support to the AU and for this generous and timely £7.5 million contribution to ATMIS. We urge other partners to follow the UK’s example and invest in Somalia’s security to ensure lasting peace and stability in Somalia and the wider region.

    This latest contribution reinforces the UK’s continued commitment to Somalia’s security and stability for a safer and more prosperous future, while also ensuring regional stability.

    Note to Editors

    • UN Security Council Resolution (2748) adopted on 16 August 2024 authorises African Union Member States to continue to deploy up to 12,626 uniformed personnel – inclusive of 1,040 police personnel, to ATMIS until 31 December 2024.

    • You can follow UK activity in Somalia on X and Facebook and at British Embassy Mogadishu.

    Updates to this page

    Published 16 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI Africa: Somalia and Turkey are becoming firm allies – what’s behind this strategy

    Source: The Conversation – Africa – By Federico Donelli, Assistant Professor of International Relations, University of Trieste

    Turkey has ramped up its partnership with Somalia in recent months. It is helping Somalia defend its waters, and has signed a deal to explore for oil and gas off the east African nation’s coast.

    There have also been reports of advanced discussions to have Turkey set up a missile and rocket testing site in Somalia.

    These agreements underscore Turkey’s strategic and economic aspirations in the broader Horn of Africa region.

    Over the past four years, there has been a steady increase in Turkish partnerships and agreements for the export of defence-related products to the region. This has included the use of Turkish drones in conflict zones, such as Libya and Ethiopia.

    I have studied Turkey’s historical and current involvement in Somalia to understand what’s driving Ankara’s policy in the Horn of Africa. In my view, Turkey’s involvement is driven by multiple factors. These include international status-seeking, regional balance and strategic concerns.

    The opening of a training facility in Mogadishu has increased Turkey’s strategic depth in the Horn of Africa, projecting the country towards both sub-Saharan Africa and the Indian Ocean. And the use of Turkish drones in Ethiopia’s Tigray conflict has shown Turkish defence arrangements have become a factor in local dynamics.

    Somalia’s appeal

    Turkey’s interest in Somalia dates back to 2010-2011. At the time, Somalia was grappling with the devastating effects of 20 years of civil war, failed international interventions and the emergence of the al-Qaeda-linked al-Shabaab terror group. In addition, the country was devastated by a famine that claimed more than 250,000 lives.

    Somalia presented Turkey with several opportunities to establish a footprint in a region of high geostrategic value, and to enhance its image in Africa and globally.

    First, there was a lack of interest in the country from major international players. Apart from anti-piracy initiatives in the Gulf of Aden and the US focus on the war on terror, international players watched Somalia with a certain detachment.

    Turkey saw an opportunity to benefit from taking a leading role in an international crisis scenario.

    Read more: Al-Shabaab is just a symptom of Somalia’s tragedy – the causes are still in place

    Second, the world’s attention focused on the Arab world. The region was facing a wave of pro-democracy protests dubbed the Arab Spring. Somalia and the suffering of the Somali people were quickly forgotten by the international community.

    Turkish policymakers saw the country’s isolation as an opportunity to gain international popularity and visibility on the continent.

    Turkey took a multifaceted approach in Somalia. This encompassed humanitarian aid, diplomatic initiatives and economic investment. Turkey also supported state-building efforts and the reconstruction of Somalia’s security apparatus.

    Internal dynamics

    The financial and political resources that Turkey has invested in Somalia are driven by regional and domestic political considerations.

    Regionally, 2016 to 2021 was a period of tension between Turkey, and Saudi Arabia and the United Arab Emirates. Somalia and the competition for influence in its politics became one of the main areas of confrontation.

    Domestically, Turkey has been able to portray its involvement in a way that’s boosted the ruling party’s standing. In addition, engagement in the Horn of Africa meets the demands of various business groups. This includes construction and defence companies that are close to the ruling political elite.

    Intervention in Somalia plays an important role in the narrative of Turkish political elites associated with Turkey’s ruling party, Adalet ve Kalkınma Partisi (Justice and Development Party).

    The party is a conservative but non-confessional party with Islamist roots. A significant proportion of the party’s supporters consider voluntary charity (sadaqa) to be the duty of a good Muslim. As a result, Turkey’s foreign and domestic interests converged with the government’s policy to support crisis-stricken Muslim communities. This includes those in Somalia. Here, Turkey has framed its involvement as a political and humanitarian success story. The Turkish public views it as such.

    Read more: Turkey’s foray into Somalia is a huge success, but there are risks

    Turkey has been able to bolster its security and defence ties at a rapid pace. The country’s Savunma Sanayii Başkanlığı (Defence Industry Agency of Turkey) reports directly to the president. Established as a state body in 1985, the agency gained prominence in 2017 when President Recep Tayyip Erdogan had it placed under the direct authority of the presidency.

    This has made concluding defence agreements – a key factor of Ankara’s foreign policy – much faster.

    Turkey has also used the opportunity to increase its involvement in the energy sector. Ankara has long aspired to play a pivotal role as a major energy hub in the wider region. It has considered establishing exploration operations off the coast of Somalia. Like all emerging powers, Turkey has a thirst for energy. This explains its July 2024 oil and gas exploration deal with Somalia.

    Turning point

    Ankara’s February 2024 defence agreement marked a significant turning point in Turkey-Somalia cooperation.

    The agreement deepens defence ties between the two countries. Under the deal, Turkey has agreed to train and equip the Somali navy. It will also help patrol Somalia’s extensive 3,333-kilometre coastline. Turkey’s focus is on maritime activities. This is a strategic choice largely influenced by the unstable conditions in Somalia, where exerting control over territory is difficult.

    Read more: Red Sea politics: why Turkey is helping Somalia defend its waters

    The deal is a response to changes in the regional landscape and the ongoing reconfiguration of power dynamics in the Horn of Africa.

    This has included:

    Somalia’s decision to pursue diplomatic ties and defence agreements with Turkey needs to be understood against this backdrop.

    – Somalia and Turkey are becoming firm allies – what’s behind this strategy
    – https://theconversation.com/somalia-and-turkey-are-becoming-firm-allies-whats-behind-this-strategy-240578

    MIL OSI Africa –

  • MIL-OSI United Kingdom: UK House Price Index for August 2024

    Source: United Kingdom – Executive Government & Departments

    The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.

    The August data shows:

    • on average, house prices have risen 1.5% since July 2024
    • there has been an annual price rise of 2.8% which makes the average property in the UK valued at £293,000

    England

    In England the August data shows, on average, house prices have risen by 1.6% since July 2024. The annual price rise of 2.3% takes the average property value to £310,000.

    • Yorkshire and the Humber experienced the most significant monthly increase with a movement of 2.7%
    • The South West saw the greatest monthly price fall, with a fall of -0.3%
    • The North West experienced the greatest annual price rise, up by 4.6%
    • The South West saw the lowest annual price growth, with a rise of 0.8%

    The regional data for England indicates that:

    Price change by region for England

    Region Average price Aug 2024 Annual change % since Aug 2023 Monthly change % since July  2024
    East Midlands £250,000 2.1 1.4
    East of England £344,000 1.4 1
    London £531,000 1.4 2.2
    North East £166,000 1.7 1.5
    North West £225,000 4.6 2.4
    South East £385,000 1.6 1.4
    South West £321,000 0.8 -0.3
    West Midlands £255,000 2.6 1.1
    Yorkshire and the Humber £219,000 4.4 2.7

    Repossession sales by volume for England

    The lowest number of repossession sales in June 2024 was in the East of England.

    The highest number of repossession sales in June 2024 was in the North East.

    Repossession sales June 2024
    East Midlands 12
    East of England 0
    London 8
    North East 18
    North West 6
    South East 8
    South West 6
    West Midlands 7
    Yorkshire and the Humber 7
    England 72

    Average price by property type for England

    Property type Aug 2024 Aug  2023 Difference %
    Detached £466,000 £463,000 0.8
    Semi-detached £299,000 £290,000 3.3
    Terraced £258,000 £251,000 2.5
    Flat/maisonette £257,000 £251,000 2.4
    All £310,000 £303,000 2.3

    Funding and buyer status for England

    Transaction type Average price Aug 2024 Annual price change % since Aug 2023 Monthly price change % since Jul 2024
    Cash £290,000 1.7 1.5
    Mortgage £320,000 2.6 1.6
    First-time buyer £260,000 3.1 2.1
    Former owner occupier £350,000 1.5 1

    Building status for England

    Building status* Average price June 2024 Annual price change % since June 2023 Monthly price change % since May 2024
    New build £443,000 25.9 -1.2
    Existing resold property £300,000 1.1 0.4

    *Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

    London

    London shows, on average, house prices increased by 2.2% since July 2024. An annual price fall of 1.4% takes the average property value to £531,000.

    Average price by property type for London

    Property type Aug 2024 Aug 2023 Difference %
    Detached £1,036,000 £1,058,000 -2.1
    Semi-detached £687,000 £677,000 1.5
    Terraced £580,000 £573,000 1.1
    Flat/maisonette £443,000 £434,000 2
    All £531,000 £524,000 1.4

    Funding and buyer status for London

    Transaction type Average price Aug 2024 Annual price change % since Aug 2023 Monthly price change % since Jul 2024
    Cash £545,000 0.6 3.2
    Mortgage £526,000 1.7 1.9
    First-time buyer £461,000 2.3 2.8
    Former owner occupier £604,000 0 1.1

    Building status for London

    Building status* Average price June 2024 Annual price change % since June 2023 Monthly price change % since May 2024
    New build £618,000 23 0.2
    Existing resold property £525,000 0 1.1

    *Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

    Wales

    Wales shows, on average, house prices rose by 2.6% since Jul 2024. An annual price increase of 3.5% takes the average property value to £223,000

    There were 9 repossession sales for Wales in Jun 2024.

    Average price by property type for Wales

    Property type Aug 2024 Aug 2023 Difference %
    Detached £328,000 £323,000 1.7
    Semi-detached £217,000 £208,000 4.1
    Terraced £177,000 £170,000 4.2
    Flat/maisonette £147,000 £140,000 4.7
    All £223,000 £215,000 3.5

    Funding and buyer status for Wales

    Transaction type Average price Aug 2024 Annual price change % since Aug 2023 Monthly price change % since Jul 2024
    Cash £216,000 3.1 3.1
    Mortgage £227,000 3.8 2.4
    First-time buyer £194,000 4.4 2.8
    Former owner occupier £256,000 2.6 2.4

    Building status for Wales

    Building status* Average price June 2024 Annual price change % since June 2023 Monthly price change % since May 2024
    New build £336,000 25.7 -0.9
    Existing resold property £211,000 0.9 0.6

    *Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.

    UK house prices

    UK house prices rose by 2.8% in the year to Aug 2024, up from the revised estimate of 1.8% in the 12 months to July 2024. On a non-seasonally adjusted basis, average house prices in the UK increased by 1.5% between July 2024 and Aug 2024, up 0.5% from the same period 12 months ago (July and Aug 2023).

    The UK Property Transactions Statistics showed that in Aug 2024, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 90,000. This is 5.4% higher than a year ago (Aug 2023). Between July 2024 and Aug 2024, UK transactions decreased by 0.4% on a seasonally adjusted basis.

    House price monthly increase was highest in Yorkshire & The Humber where prices increased by 2.7% in the year to Aug 2024. The highest annual growth was in the The North West, where prices increased by 4.6% in the year to Aug 2024.

    See the economic statement.

    The UK HPI is based on completed housing transactions. Typically, a house purchase can take 6 to 8 weeks to reach completion. As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s set of house price data.

    Access the full UK HPI

    Background

    1. We publish the UK House Price Index (HPI) on the second or third Wednesday of each month with Northern Ireland figures updated quarterly. We will publish the September 2024 UK HPI at 9:30am on Wednesday 20 Novemeber 2024. See calendar of release dates.
    2. We have made some changes to improve the accuracy of the UK HPI. We are not publishing average price and percentage change for new builds and existing resold property as done previously because there are not currently enough new build transactions to provide a reliable result. This means that in this month’s UK HPI reports, new builds and existing resold property are reported in line with the sales volumes currently available.
    3. The UK HPI revision period has been extended to 13 months, following a review of the revision policy (see calculating the UK HPI section 4.4). This ensures the data used is more comprehensive.
    4. Sales volume data is available by property status (new build and existing property) and funding status (cash and mortgage) in our downloadable data tables. Transactions that require us to create a new register, such as new builds, are more complex and require more time to process. Read revisions to the UK HPI data.
    5. Revision tables are available for England and Wales within the downloadable data in CSV format. See about the UK HPI for more information.
    6. HM Land Registry, Registers of Scotland, Land & Property Services/Northern Ireland Statistics and Research Agency and the Valuation Office Agency supply data for the UK HPI.
    7. The Office for National Statistics (ONS) and Land & Property Services/Northern Ireland Statistics and Research Agency calculate the UK HPI. It applies a hedonic regression model that uses the various sources of data on property price, including HM Land Registry’s Price Paid Dataset, and attributes to produce estimates of the change in house prices each month. Find out more about the methodology used from the ONS and Northern Ireland Statistics & Research Agency.
    8. We take the UK Property Transaction statistics  from the HM Revenue and Customs (HMRC) monthly estimates of the number of residential and non-residential property transactions in the UK and its constituent countries. The number of property transactions in the UK is highly seasonal, with more activity in the summer months and less in the winter. This regular annual pattern can sometimes mask the underlying movements and trends in the data series. HMRC presents the UK aggregate transaction figures on a seasonally adjusted basis. We make adjustments for both the time of year and the construction of the calendar, including corrections for the position of Easter and the number of trading days in a particular month.
    9. UK HPI seasonally adjusted series are calculated at regional and national levels only. See data tables.
    10. The first estimate for new build average price (April 2016 report) was based on a small sample which can cause volatility. A three-month moving average has been applied to the latest estimate to remove some of this volatility.
    11. The UK HPI reflects the final transaction price for sales of residential property. Using the geometric mean, it covers purchases at market value for owner-occupation and buy-to-let, excluding those purchases not at market value (such as re-mortgages), where the ‘price’ represents a valuation.
    12. HM Land Registry provides information on residential property transactions for England and Wales, collected as part of the official registration process for properties that are sold for full market value.
    13. The HM Land Registry dataset contains the sale price of the property, the date when the sale was completed, full address details, the type of property (detached, semi-detached, terraced or flat), if it is a newly built property or an established residential building and a variable to indicate if the property has been purchased as a financed transaction (using a mortgage) or as a non-financed transaction (cash purchase).
    14. Repossession sales data is based on the number of transactions lodged with HM Land Registry by lenders exercising their power of sale.
    15. For England, we show repossession sales volume recorded by government office region. For Wales, we provide repossession sales volume for the number of repossession sales.
    16. Repossession sales data is available from April 2016 in CSV format. Find out more information about repossession sales.
    17. We publish CSV files of the raw and cleansed aggregated data every month for England, Scotland and Wales. We publish Northern Ireland data on a quarterly basis. They are available for free use and re-use under the Open Government Licence.
    18. HM Land Registry is a government department created in 1862. Its vision is: “A world-leading property market as part of a thriving economy and a sustainable future.”
    19. HM Land Registry’s purpose is: “We protect your land ownership and provide services and data that underpin an efficient and informed property market.”
    20. HM Land Registry safeguards land and property ownership valued at £8 trillion, enabling over £1 trillion worth of personal and commercial lending to be secured against property across England and Wales. The Land Register contains more than 26.5 million titles showing evidence of ownership for more than 89% of the land mass of England and Wales.
    21. For further information about HM Land Registry visit http://www.gov.uk/land-registry.
    22. Follow us on @HMLandRegistry, our blog, LinkedIn and Facebook.

    Contact

    Press Office

    Trafalgar House
    1 Bedford Park
    Croydon
    CR0 2AQ

    Email HMLRPressOffice@landregistry.gov.uk

    Phone (Monday to Friday 8:30am to 5:30pm) 0300 006 3365

    Mobile (5:30pm to 8:30am weekdays, all weekend and public holidays) 07864 689 344

    Updates to this page

    Published 16 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Regulator of Social Housing publishes first C4 grading for the London Borough of Newham

    Source: United Kingdom – Executive Government & Departments

    The Regulator of Social Housing has today issued its first C4 grading to the London Borough of Newham, meaning there are very serious failings and fundamental changes are needed.

    During an inspection of the council, RSH found:

    • Over 9,000 overdue fire safety remedial actions, of which over 8,000 were overdue by more than 12 months and more than 4,000 categorised as high risk.
    • 40% of its 16,000 homes had not had an electrical condition test for more than 11 years.
    • Lack of evidence that it is meeting the smoke and carbon monoxide alarm requirements for any of its homes.
    • A lack of accurate information on stock quality, with 60% of its homes without a survey within the last five years.
    • At least 20% of its homes do not meet the requirements of the Decent Homes Standard.
    • Around 5,400 open repairs, nearly half of which were overdue.
    • Tenant Satisfaction Measure (TSM) surveys not completed on time
    • Very limited meaningful opportunities for tenants to influence and scrutinise the landlord’s strategies, policies and services.

    Although LB Newham has indicated a willingness to address these issues, they failed to refer themselves over key issues and RSH has not yet seen sufficient evidence to assure the regulator of their ability to put matters right.

    Kate Dodsworth, Chief of Regulatory Engagement at RSH, said:

    The breadth and scale of these failings, including very serious health and safety issues, pose an unacceptable risk to tenants’ well-being.

    Taking accountability is a critical part of the co-regulatory approach and it is extremely concerning that, despite the gravity of these failings, the landlord failed to refer themselves to us over key issues.

    We are now engaging intensively with LB Newham as they work to resolve these issues. While we are not proposing to use our enforcement powers at this stage, this will be kept under review.

    RSH has awarded 35 consumer grades since its new proactive consumer began in April, including 9 C1 grades (the highest grade), 13 C2 grades, 12 C3 grades (of which 10 were self-referrals) and 1 C4 (the lowest grade).

    RSH is carrying out planned inspections of all large social landlords (those with over 1,000 homes) over a four-year cycle. RSH has started to publish the outcomes of these first inspections and will continue to do so over the coming months.

    Notes to editors

    1. On 1 April 2024 RSH introduced new consumer standards for social housing landlords, designed to drive long-term improvements in the sector. It also began a programme of landlord inspections. The changes are a result of the Social Housing Regulation Act 2023 and include stronger powers to hold landlords to account. More information about RSH’s approach is available in its document Reshaping Consumer Regulation.
    2. More information about RSH’s responsive engagement, programmed inspections and consumer gradings is also available on its website.
    3. RSH promotes a viable, efficient and well-governed social housing sector able to deliver more and better social homes. It does this by setting standards and carrying out robust regulation focusing on driving improvement in social landlords, including local authorities, and ensuring that housing associations are well-governed, financially viable and offer value for money. It takes appropriate action if the outcomes of the standards are not being delivered.
    4. Where we have published C3 judgements, the ten landlords who self-referred themselves were Ashford Borough Council, Bristol City Council, Guildford Borough Council, London Borough of Hackney, North Yorkshire Council, Octavia Housing, Sheffield City Council, South Derbyshire District Council, and Warwick District Council.

    For general enquiries email enquiries@rsh.gov.uk. For media enquiries please see our Media Enquiries page.

    Updates to this page

    Published 16 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI Economics: Asian Development Blog: Five Strategic Steps to Unlock Armenia’s Data Center Potential for Economic Growth

    Source: Asia Development Bank

    Armenia’s data center industry offers significant opportunities for economic growth, with strategic reforms in regulation, financing, and technological innovation playing crucial roles. Addressing infrastructure challenges and fostering public-private partnerships will help position Armenia as a regional digital hub.

    Armenia is poised for a digital transformation with the development of its data center industry. This sector holds promise for the country’s digital economy. 

    Key opportunities such as regulatory considerations, financing strategies, and the need for technological advancements must be embraced to leverage this industry for economic growth and digital innovation.

    Armenia’s strategic location, coupled with its growing tech-savvy population and vibrant ICT ecosystem, make it a candidate for becoming a regional data hub. However, the current infrastructure and regulatory environment need improvements to attract international investments and foster local innovation. Addressing these issues is important for Armenia to unlock its potential.

    The development of Armenia’s data center industry presents a unique opportunity for the country to enhance its digital presence and drive economic growth.

    To overcome these challenges, five steps can be taken:

    Regulatory Reforms: Streamlining regulations to facilitate easier entry and operation for data center companies. Simplifying the process for obtaining necessary permits and licenses, as well as creating a more transparent and predictable regulatory framework, can create a more business-friendly environment that attracts both local and international investors.

    Financial Incentives: Providing financial support and incentives to attract investments in the data center sector. This could involve infrastructure support and sustainability incentives to companies that invest in building and operating data centers in Armenia. Additionally, exploring the establishment of public-private partnerships to share the financial risks and rewards of developing this critical infrastructure is essential. 

    Technological Upgrades: Investing in advanced technologies to enhance the efficiency and sustainability of data centers. This includes adopting energy-efficient cooling systems, utilizing renewable energy sources, and implementing cutting-edge data management and security solutions. Staying at the forefront of technological advancements ensures that Armenia’s data centers are competitive and reliable on a global scale.

    Public-Private Partnerships: Encouraging collaboration between the government and private sector can drive innovation and growth in Armenia’s data center industry. By leveraging the expertise and resources of both sectors, Armenia can accelerate development and build a more resilient digital economy. Successful examples of such partnerships can be seen in countries like the United Arab Emirates, Singapore, and India.

    Capacity Building: Developing a skilled workforce to support the data center industry through training and education programs. Offering specialized courses and certifications in data center management, cybersecurity, and related fields ensures that Armenia has the talent needed to sustain and grow its data center industry over the long term.

    The development of the data center industry in Armenia is not just a local issue; it has broader implications for the region. 

    Successful implementation of these recommendations could position Armenia as a digital hub in Central Asia, attracting international investments and fostering regional cooperation. The ongoing efforts to address these challenges are already showing promising results, with several key players expressing interest in the Armenian market.

    Moreover, the growth of the data center industry in Armenia could have a positive ripple effect on other sectors of the economy. For example, the increased demand for high-speed internet and reliable power supply could spur investments in telecommunications and energy infrastructure. 

    Additionally, the development of data centers could create new opportunities for local MSMEs (such as construction companies, equipment suppliers, and service providers) which are important contributors to economic welfare. 

    Armenia has the potential to become a center for data-driven innovation and research. By attracting leading technology companies and research institutions, Armenia can foster a vibrant ecosystem of innovation that drives economic growth and improves the quality of life for its citizens. This could include initiatives such as smart city projects, digital health solutions, and advanced manufacturing technologies.

    Armenia has a lot of untapped captive renewables that can be harnessed to power these data centers sustainably. By leveraging its abundant solar and wind resources, Armenia can ensure that the growth of its tech sector is both environmentally friendly and economically beneficial. This approach not only mitigates the environmental impact but also positions Armenia as a leader in green technology and sustainable development. 

    While there are many positive aspects to consider, it is also important to address the potential environmental impact of data centers and the importance of sustainable practices in their development. 

    Data centers are known for their high energy consumption and carbon footprint, so it is crucial to adopt green technologies and practices to minimize their environmental impact. This includes using renewable energy sources, implementing energy-efficient cooling systems, and adopting sustainable building practices.

    Additionally, the role of cybersecurity in ensuring the safety and reliability of data centers is another critical area that needs attention. As data centers store and process vast amounts of sensitive information, they are prime targets for cyberattacks. 

    Therefore, it is essential to implement robust cybersecurity measures to protect against data breaches, hacking, and other cyber threats. This includes investing in advanced security technologies, conducting regular security audits, and providing cybersecurity training for employees.

    Continuous innovation and adaptation are crucial for Armenia’s data center industry. To stay competitive, data centers must adopt the latest technologies, including artificial intelligence and machine learning to enhance efficiency, security, and scalability.

    If Armenia successfully addresses these challenges, it could unlock significant economic benefits and position itself as a leader in the digital economy. The future of Armenia’s digital landscape depends on the actions taken today, making it imperative for stakeholders to collaborate and drive the necessary changes.

    The development of the data center industry in Armenia presents a unique opportunity for the country to enhance its digital presence and drive economic growth. By addressing the key challenges and implementing the recommended solutions, Armenia can create a thriving data center industry that benefits not only the local economy but also the broader region.

    MIL OSI Economics –

  • MIL-OSI United Kingdom: SNP must provide concessionary ferry rates for young islanders

    Source: Scottish Greens

    16 Oct 2024 Rural Affairs Transport

    Green MSP Ariane Burgess calls on SNP to fulfil promise to young islanders.

    More in Rural Affairs

    SNP ministers must fulfil their promise and provide young people across island communities reduced ferry fares, says Scottish Greens Highlands and Islands MSP Ariane Burgess.

    Last year, Scottish Green MSPs secured a commitment to extend the age range for concessions to all those under 22 in Scottish island communities.

    Under the current scheme previously secured by the Greens, 16-18 year olds have access to ferry concessions on West Coast and Northern Isles services.  

    This scheme currently equates to four free ferry vouchers per year.

    Earlier this week, the Scottish Government announced they would be ending a “fare freeze” on CalMac services with a 10% hike on ticket prices from January 2025.

    Scottish Greens Rural Affairs spokesperson Ariane Burgess said:

    “The increase in ferry fares will further penalise the islanders who rely heavily on these services, making daily commutes expensive and for some, completely unachievable.  

    “The rising cost of living on Scottish islands has seen populations dwindling. Many young islanders are moving from their communities as they cannot afford to rent or buy in their home towns, and commuting to the mainland is becoming impossible.

    “Tourists may budget for increased ferry rates as part of their holiday to bring welcomed custom to our islands, but the locals bear the unseen load on a daily basis. Reform is urgently required to show that the government has not forsaken islanders.  

    “The Bute House Agreement ensured a commitment from the Government to work with ferry operators to create discount and concessionary schemes.  

    “Young people receive free bus travel in Scotland thanks to Scottish Greens and this model has positively impacted their lives socially and financially. Young islanders deserve this positive impact too.

    “Ferries are a vital lifeline for islanders. Provision of an affordable, reliable service will ensure young people feel they can remain living in their community and still have access to opportunity.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: TfL bad debt increases by almost £300m in three years

    Source: Mayor of London

    With Transport for London’s (TfL) bad debt levels climbing almost £300m in three years, the Mayor has been urged to increase collection levels for road user charging schemes.
    In 2020-21, figures showed TfL’s bad debt expenses to be c.£160m.1 At a recent Budget and Performance Committee meeting, the Committee was told that bad debts are now in the region of £450m.2
     
    The sharp increase coincides with the expansion of the Ultra Low Emission Zone (ULEZ) to the North and South Circular in October 2021, and London-wide in August 2023. In September 2024, The London Assembly was informed that TfL was now owed £376 million in unpaid Penalty Charge Notices (PCNs) for the ULEZ.
     
    The London Assembly Budget and Performance Committee has today published a letter to the Mayor, calling on him to consider increasing collection levels for road user charging schemes, to ensure money owed can be spent on improving London’s transport network.
     
    Key recommendations include:

    • TfL should review the causes of the increase in its bad debt charge since 2021-22 and look at appropriate measures to increase collection levels for all road user charging. TfL should seek to conclude this exercise in time for it to be reflected in the 2025-26 Budget and break it down for each type of road user charge.
    • TfL should set out in its 2025-26 budget submission and 2024-25 performance reporting the level of contingency it holds for exceptional items such as handling the recent cyber attack, recent applications of such contingencies and the actions it is taking to address any lower than anticipated operating surplus levels.
    • The 2025-26 Budget proposals should explicitly confirm whether the Mayor will continue to provide ongoing funding from GLA funds for the current fares freeze, and be clear on the source of the funds.

    Neil Garratt AM, Chairman of the Budget and Performance Committee, said:

    “The Ultra Low Emission Zone appears to have contributed to a near £300m increase in bad debt in three years, an urgent financial problem for TfL.
     
    “Such large sums of money being owed to TfL, which may not be recoverable, means that much-needed transport investment projects might be scrapped.
     
    “That is why we have today called on the Mayor to look at appropriate measures to increase collection levels for road user charging schemes, and also to provide details on the ratio of bad debt charges before and after the ULEZ expansion into outer London in 2023.

    “It is important for Londoners to know whether the ULEZ expansion is delivering as expected on the financial side, as well as the public health side.
     
    “If TfL’s finances and the Mayor’s plans are not based on reality, they cannot be delivered.”

    MIL OSI United Kingdom –

  • MIL-OSI Global: Somalia and Turkey are becoming firm allies – what’s behind this strategy

    Source: The Conversation – Africa – By Federico Donelli, Assistant Professor of International Relations, University of Trieste

    Turkey has ramped up its partnership with Somalia in recent months. It is helping Somalia defend its waters, and has signed a deal to explore for oil and gas off the east African nation’s coast.

    There have also been reports of advanced discussions to have Turkey set up a missile and rocket testing site in Somalia.

    These agreements underscore Turkey’s strategic and economic aspirations in the broader Horn of Africa region.

    Over the past four years, there has been a steady increase in Turkish partnerships and agreements for the export of defence-related products to the region. This has included the use of Turkish drones in conflict zones, such as Libya and Ethiopia.

    I have studied Turkey’s historical and current involvement in Somalia to understand what’s driving Ankara’s policy in the Horn of Africa. In my view, Turkey’s involvement is driven by multiple factors. These include international status-seeking, regional balance and strategic concerns.

    The opening of a training facility in Mogadishu has increased Turkey’s strategic depth in the Horn of Africa, projecting the country towards both sub-Saharan Africa and the Indian Ocean. And the use of Turkish drones in Ethiopia’s Tigray conflict has shown Turkish defence arrangements have become a factor in local dynamics.

    Somalia’s appeal

    Turkey’s interest in Somalia dates back to 2010-2011. At the time, Somalia was grappling with the devastating effects of 20 years of civil war, failed international interventions and the emergence of the al-Qaeda-linked al-Shabaab terror group. In addition, the country was devastated by a famine that claimed more than 250,000 lives.

    Somalia presented Turkey with several opportunities to establish a footprint in a region of high geostrategic value, and to enhance its image in Africa and globally.

    First, there was a lack of interest in the country from major international players. Apart from anti-piracy initiatives in the Gulf of Aden and the US focus on the war on terror, international players watched Somalia with a certain detachment.

    Turkey saw an opportunity to benefit from taking a leading role in an international crisis scenario.



    Read more:
    Al-Shabaab is just a symptom of Somalia’s tragedy – the causes are still in place

    Second, the world’s attention focused on the Arab world. The region was facing a wave of pro-democracy protests dubbed the Arab Spring. Somalia and the suffering of the Somali people were quickly forgotten by the international community.

    Turkish policymakers saw the country’s isolation as an opportunity to gain international popularity and visibility on the continent.

    Turkey took a multifaceted approach in Somalia. This encompassed humanitarian aid, diplomatic initiatives and economic investment. Turkey also supported state-building efforts and the reconstruction of Somalia’s security apparatus.

    Internal dynamics

    The financial and political resources that Turkey has invested in Somalia are driven by regional and domestic political considerations.

    Regionally, 2016 to 2021 was a period of tension between Turkey, and Saudi Arabia and the United Arab Emirates. Somalia and the competition for influence in its politics became one of the main areas of confrontation.

    Domestically, Turkey has been able to portray its involvement in a way that’s boosted the ruling party’s standing. In addition, engagement in the Horn of Africa meets the demands of various business groups. This includes construction and defence companies that are close to the ruling political elite.

    Intervention in Somalia plays an important role in the narrative of Turkish political elites associated with Turkey’s ruling party, Adalet ve Kalkınma Partisi (Justice and Development Party).

    The party is a conservative but non-confessional party with Islamist roots. A significant proportion of the party’s supporters consider voluntary charity (sadaqa) to be the duty of a good Muslim. As a result, Turkey’s foreign and domestic interests converged with the government’s policy to support crisis-stricken Muslim communities. This includes those in Somalia. Here, Turkey has framed its involvement as a political and humanitarian success story. The Turkish public views it as such.



    Read more:
    Turkey’s foray into Somalia is a huge success, but there are risks

    Turkey has been able to bolster its security and defence ties at a rapid pace. The country’s Savunma Sanayii Başkanlığı (Defence Industry Agency of Turkey) reports directly to the president. Established as a state body in 1985, the agency gained prominence in 2017 when President Recep Tayyip Erdogan had it placed under the direct authority of the presidency.

    This has made concluding defence agreements – a key factor of Ankara’s foreign policy – much faster.

    Turkey has also used the opportunity to increase its involvement in the energy sector. Ankara has long aspired to play a pivotal role as a major energy hub in the wider region. It has considered establishing exploration operations off the coast of Somalia. Like all emerging powers, Turkey has a thirst for energy. This explains its July 2024 oil and gas exploration deal with Somalia.

    Turning point

    Ankara’s February 2024 defence agreement marked a significant turning point in Turkey-Somalia cooperation.

    The agreement deepens defence ties between the two countries. Under the deal, Turkey has agreed to train and equip the Somali navy. It will also help patrol Somalia’s extensive 3,333-kilometre coastline. Turkey’s focus is on maritime activities. This is a strategic choice largely influenced by the unstable conditions in Somalia, where exerting control over territory is difficult.



    Read more:
    Red Sea politics: why Turkey is helping Somalia defend its waters

    The deal is a response to changes in the regional landscape and the ongoing reconfiguration of power dynamics in the Horn of Africa.

    This has included:

    Somalia’s decision to pursue diplomatic ties and defence agreements with Turkey needs to be understood against this backdrop.

    Federico Donelli is a Senior Research Associate at the Istituto di Studi di Politica Internazionale (ISPI) in Milan and a Non-Resident Fellow at the Orion Policy Institute (OPI) in Washington D.C.

    – ref. Somalia and Turkey are becoming firm allies – what’s behind this strategy – https://theconversation.com/somalia-and-turkey-are-becoming-firm-allies-whats-behind-this-strategy-240578

    MIL OSI – Global Reports –

  • MIL-OSI Asia-Pac: Policy Address: Reform for Enhancing Development and Building Our Future Together

    Source: Hong Kong Government special administrative region

         The Chief Executive, Mr John Lee, today (October 16) announced his third Policy Address entitled “Reform for Enhancing Development and Building Our Future Together”, setting out a range of initiatives to create new impetus for economic development, improve people’s livelihood and enhance their quality of life.         Mr Lee said, “In this Policy Address, I will continue to follow through the ‘four proposals’ put forward by President Xi Jinping in his important speech delivered on July 1, 2022. I will also outline our vision and objectives for reforms and changes, as well as the related key measures and key performance indicators.     “Reform is a continuous process. Over the past two years, my team and I have focused on economic growth and on improving people’s livelihood through development, with the well-being of the people of Hong Kong close to our hearts. This Policy Address will deepen our reforms and explore new growth areas.”Consolidate and enhance Hong Kong’s status as an international financial, shipping and trade centre      Hong Kong has established strengths as an international centre for finance, shipping and trade, which are closely intertwined and can be developed in a synergistic and complementary manner.     On the financial front, the Policy Address sets out the strategic development of Hong Kong as an international financial centre on all fronts. It strives to reinforce Hong Kong’s status as the world’s largest offshore Renminbi business hub, enhance the asset and securities markets, and develop Hong Kong into an international gold trading market through measures such as building world-class gold storage facilities and strengthening the trading mechanism and regulatory framework. This will in turn drive demand for related services such as collateral and loan businesses, opening up new growth areas of the financial sector.     On the shipping side, the existing Hong Kong Maritime and Port Board will be reconstituted into the Hong Kong Maritime and Port Development Board. Additional funding will be provided to enhance its research capabilities, strengthen its Mainland and overseas promotional work and step up manpower training, encouraging more Mainland and overseas maritime service enterprises to establish presence in Hong Kong, promoting the sustainable development of Hong Kong’s maritime industry. The Government will advance the development of Hong Kong into a green maritime centre, while at the same time exploring the introduction of tax concessions and facilitate international commodity exchanges to set up accredited warehouses in Hong Kong, so as to establish a commodity trading ecosystem, especially for the storage and delivery of non-ferrous metal products, further promoting the development of Hong Kong’s maritime and trading services.     In respect of the trade sector, the Government will establish a high-value-added supply chain service centre. Through measures such as enriching a high value-added supply chain services mechanism and enhancing export credit services, as well as making good use of the new opportunities brought about by the Second Agreement Concerning Amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services, the Government will seek to attract Mainland and overseas enterprises to set up their headquarters or corporate divisions in Hong Kong. The Government will continue to vigorously expand Hong Kong’s global economic and trade networks, with particular emphasis on strengthening Hong Kong’s economic and trade ties with and marketing efforts in emerging markets, so as to enable Hong Kong to exert a greater role in the country’s opening up to the world. Moreover, the Government will reduce the import duty on liquor, fostering trading of liquor and boosting development of high value-added industries.Develop new quality productive forces tailored to local conditions     The core element of new quality productive forces is to achieve high quality economic development through technological empowerment. The Government is striving to expedite Hong Kong’s development into an international innovation and technology (I&T) centre. On top of the additional investment put in over the past two years, a $10 billion I&T Industry-Oriented Fund will be set up to guide more market capital to invest in specified emerging and future industries of strategic importance, including life and health technology and artificial intelligence. The Government will also launch the I&T Accelerator Pilot Scheme to attract professional start-up service providers to set up accelerator bases in Hong Kong, fostering the robust growth of start-ups.     The Policy Address also proposed the establishment of the Working Group on Developing Low-altitude Economy. Starting with projects on low-altitude applications, the working group will designate specific venues for such purposes, draw up regulations and design the institutional set-up,  study and map out plans to develop the required infrastructure and networks, and promote interface with the Mainland, pushing forward development of the low-altitude economy.    At the same time, the Government is committed to promoting new energy development, such as green maritime fuel, sustainable aviation fuel and hydrogen energy. The Government will also expedite the reform of the approval mechanism for drugs and medical devices, establish the Real-World Study and Application Centre, and join hands with Shenzhen to establish the GBA Clinical Trial Collaboration Platform to enhance Hong Kong’s clinical trial capability and accelerate registration of new drugs, developing Hong Kong into an international health and medical innovation hub.Build Hong Kong into an international hub for high-calibre talents     To boost synergy and effectiveness of policies, the Policy Address introduced the establishment of the Committee on Education, Technology and Talents to co-ordinate and drive the integrated development of education, technology and talents. In addition to reforming various aspects of the talent admission regime to build a quality talent pool for long-term development, the Government will endeavour to create the “Study in Hong Kong” brand to attract overseas students, launch a pilot scheme to support the market to flexibly increase the supply of self-financed and private student hostels, and map out the development plan of the Northern Metropolis University Town. These measures aim to expedite the development of Hong Kong into an international hub for post-secondary education, bringing in more global high-calibre talents.Promote integrated development of culture, sports and tourism and foster economic diversification     Promoting integrated development of culture, sports and tourism is the objective of this term of Government in setting up the Culture, Sports and Tourism Bureau. The Government will reinforce the development of the West Kowloon Cultural District to take a leading role in establishing an industry chain for the arts and culture and creative industries of Hong Kong. The Government will also strive to develop the Kai Tak Sports Park into a sports and mega event landmark, building an international sports mega event hub. The Government will publish the Development Blueprint for Hong Kong’s Tourism Industry 2.0, putting emphasis on promoting areas including culture, sports, ecology and mega events, with a view to revitalising Hong Kong’s tourism industry. A Working Group on Developing Tourist Hotspots will be set up to strengthen cross-departmental co-ordination, and to identify and develop tourist hotspots of high popularity and with strong appeal in various districts.     Hong Kong is facing economic restructuring. To assist small and medium enterprises (SMEs) to cope with the prevailing challenges, the Government will put in place a range of support initiatives. Key measures include: relaunching the principal moratorium to offer SMEs flexibility in managing cash flows; injecting $1 billion into the BUD Fund (Dedicated Fund on Branding, Upgrading and Domestic Sales) to facilitate upgrading of enterprises; expanding the scope of the Digital Transformation Support Pilot Programme to cover the industries of tourism and personal services; and launching the Incentive Scheme for Recurrent Exhibitions 2.0. In addition, a Working Group on Promoting Silver Economy will be set up to implement measures in five areas, namely consumption, industry, quality assurance, financial and security arrangements, and productivity, meeting the growing needs of the elderly and help the industry to seize business opportunities.Take forward the Northern Metropolis as growth engine and deepen GBA collaboration     To take forward the development of the Northern Metropolis, it was announced in the Policy Address to explore the establishment of a pilot industrial park in the Northern Metropolis by granting it to a company established and led by the Government. The company will, in accordance with the Government’s industrial policies, be responsible for formulating the park’s development and operation strategies. To expedite the development, the Government will adopt, on a pilot basis, a large-scale land-disposal approach, for collective development by successful bidders. In addition, the Steering Committee on the Hong Kong Shenzhen I&T Park in the Loop, chaired by the Chief Executive, will formulate the overall strategy, planning and layout for the development of the Hong Kong Park. The Development Outline for the Hong Kong Park of the Hetao Shenzhen Hong Kong Science and Technology Innovation Co-operation Zone will be published later this year. Improve people’s livelihood in pursuit of happiness     This year, the Policy Address outlined a number of new measures on different livelihood areas, including land creation and housing construction and healthcare, making Hong Kong a better place to live and enjoy life.     On housing, a system on the renting of subdivided units (SDUs) in residential buildings will be devised, through legislation, to tackle the long-standing problem of SDUs at its roots in an orderly manner. The Government will also enhance the housing ladder to allow more people to realise their aspiration for home ownership.     Regarding healthcare, as noted in the Policy Address, the Government will deepen the reform of the healthcare system, strengthen public and primary healthcare services and promote the development of primary healthcare on all fronts, and boost healthy fertility. The Government also supports the plan, by local universities, to establish a third medical school. The Government will set aside sites in Ngau Tam Mei to build a new campus and an integrated medical teaching and research hospital.     To improve people’s livelihood, the Government will continue to take forward and enhance various measures for targeted poverty alleviation and focusing on different needs of the underprivileged. Meanwhile, the Government will regularise the funding provision for Care Teams and increase funding in the next term of service to strengthen support for their work. The Policy Address also proposed to reform the roles of the Employees Retraining Board to devise skills-based training programmes and strategies for the entire workforce, and lift the restriction on educational attainment of trainees.     Mr Lee concluded, “This Policy Address deepens the reforms that I have introduced since I became Chief Executive. It presents enhanced measures to boost the economy and improve people’s livelihood. It seeks to address the prevailing needs of our people, while mapping our vision and long-term goals for building a brighter future for Hong Kong. I am confident that Hong Kong will continue to go from strength to strength and attain new heights. Through our united efforts to reform and innovate, our economy will go even stronger and our people will lead a better life, making Hong Kong a shining city.”     A Supplement offering more backgrounds and details of various policy measures has been compiled with this year’s Policy Address. For related information and key initiatives of the Policy Address, please visit http://www.policyaddress.gov.hk.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: HK stands to prosper: CE

    Source: Hong Kong Information Services

    Chief Executive John Lee

    Since taking up office, I have pushed ahead with many reform measures to transform government culture, strengthen the systems and improved various regimes. Our goal is to keep Hong Kong going, and make it a city in which people live in better homes, enjoy better education and cherish their lives. We strive for this goal.

    I always take time to reflect and listen to views of others to ensure that our policies are working and our measurers are effective. I take a close look into the daily needs of our people while staying abreast from a global perspective of the world trend, our nation’s strategic outlook and the societal interests. While keeping our principles and being innovative when taking forward reforms, we have to look at the flip sides that a measure may bring other than its benefits. Reform is essential, but we should always be mindful that it is a means and not an end, that it should never undermine success factors that are well established and work effectively.

    Having regard to various objective facts, I do believe that our overall policy directions are on the right course. Over the past two years or so, median monthly household income has risen by about $2,800, up over 10%, while over 100,000 jobs have been added. The waiting time for public housing has been shortened by six months, and the first batch of Light Public Housing will soon be completed for intake, filling the gap in the supply of public housing. District governance and Care Team services are firmly in place in all 18 districts across the city. Outcomes of our efforts to trawl for talent and enterprises are also well recognised.

    Thanks to the concerted efforts of all concerned, Hong Kong’s status as an international financial centre has climbed up one place to restore the global third position, putting an end to the negative narratives of our city’s future. We moved up two places to rank fifth in world competitiveness, and rose seven places in talent competitiveness, to stand among the world’s top 10 once again. Hong Kong also retains the top spots in global ranking in investment environment, international trade, business legislation and air cargo throughput, etc.

    That said, past performance is no guarantee of future success. We must not be complacent, but keep up our momentum for advancement and reforms. We must remain confident in ourselves and uphold our morale, standing firm against any efforts to downplay our success story.

    This Policy Address deepens the reforms that I have introduced since I became Chief Executive. It presents enhanced measures to boost the economy and improve people’s livelihoods. It seeks to address the prevailing needs of our people, while mapping our vision and long term goals for building a brighter future for Hong Kong.

    Amid the accelerating global changes not seen in a century and complex geopolitics, the uncertainties surrounding Sino-US relations have exposed Hong Kong to frontline external political forces. But while we are facing many challenges, they are outweighed by the opportunities available to us. Global economic gravity continues to shift eastward and investment is also shifting in the same direction to balance geopolitical risks. Hong Kong boasts a secure and stable investment environment, enjoys a favourable location at the heart of Asia, and is the only city in the world where China’s advantages and international advantages converge. Blessed with our linkage with our motherland and close connection to the world, as well as the solid backing of our country, including the central government’s support and measures benefitting our city, Hong Kong stands to prosper. We must seize every opportunity to make progress and renew ourselves. Indeed, with the wisdom and experiences of Hong Kong people, coupled with the ‘dare to fight and win’ spirit in us, I am confident that Hong Kong will continue to go from strength to strength and attain new heights. Through our united efforts to reform and innovate, our economy will go even stronger and our people will lead a better life, making Hong Kong a shining city.

    This is an English translation of the closing remarks in Chief Executive John Lee’s 2024 Policy Address, which he delivered on October 16.

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: ESAs respond to the European Commission’s rejection of the technical standards on registers of information under the Digital Operational Resilience Act and call for swift adoption

    Source: European Banking Authority

    The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today issued an Opinion on the European Commission’s (EC) rejection of the draft Implementing Technical Standards (ITS) on the registers of information under the Digital Operational Resilience Act (DORA). The ESAs raise concerns over the impacts and practicalities of the proposed EC changes to the draft ITS on the registers of information in relation to financial entities’ contractual arrangements with ICT third-party service providers.   

    The draft ITS proposed by the ESAs were rejected by the EC on the grounds that it is necessary to allow financial entities the choice of identifying their ICT third-party service providers registered in the EU either by using the Legal Entity Identifier (LEI) or by using the European Unique Identifier (EUID). 

    In the ESAs view, the EC’s proposal of adding an additional identifier, allowing EU-based companies to use the EUID, will cause unnecessary complexity and could have negative impacts on the implementation of DORA by financial entities, competent authorities and the ESAs. 

    The ESAs note that, although the EUID is available free of charge to EU-registered companies, its introduction in the registers of information would entail unforeseen implementation and maintenance efforts for the financial entities. In particular, it would limit the access to and  the possibility for verification of the information by the financial entities and competent authorities. This would lead to a potential increase in the overall reporting burden for financial entities in the context of DORA. In addition, the coexistence of two identifiers could bring additional complexity that would negatively impact the quality of data used, and risk delays in the designation of critical ICT third-party service providers (CTPPs) by the ESAs.

    If the EC decides to proceed with the introduction of the EUID, despite the above concerns, additional changes to the draft ITS will be necessary. The Opinion indicates how the draft ITS should be adapted further to cater for the use of the EUID. Without these changes, the ITS could not be practically applied for a proper identification of the ICT third-party service providers, which would negatively impact the designation of CTPPs. The ESAs also note that in the case of co-existence of both LEI and EUID, the financial entities should be given the preference for using LEI, especially where both identifiers are available to them, and for the case of groups, it is important to ensure homogeneity in the registered identification codes for all ICT third-party service providers.

    The ESAs call for the final decision on the use of identifiers and the swift adoption of the draft ITS by the EC. This is particularly relevant for the ESAs, who will be designating CTPPs in 2025. Finally, leveraging on the experience of the dry run exercise, the ESAs call financial entities to increase their implementation efforts in order to be ready to submit their registers of information to the competent authorities in the first half of 2025.

    Background and legal basis

    Article 28(9) of DORA (Regulation (EU) 2022/2554) mandates the ESAs to develop draft ITS to establish the standard templates for the register of information referred to in Article 28(3) of DORA. The draft ITS was developed and submitted by the ESAs to the EU Commission on 17 January 2024.

    The registers of information maintained by the financial entities serve as an important input for the ESAs’ work on the designation of CTPPs that will be subject to the oversight by the ESAs.

    On 3 September 2024, the European Commission, acting in accordance with the procedure set out in the fourth subparagraph of Article 15(1) of the ESAs Regulations, notified the ESAs of the rejection of the ITS on the basis of the envisaged mandatory use of the LEI to identify ICT third-party service providers under Article 3(5) and (6) of the draft ITS.

    Pursuant to Article 15(4) of the ESAs Regulation, the ESAs prepared this Opinion on the proposed amendments to the draft ITS by the EU Commission. In addition, the ESAs also suggested some other changes to the draft ITS based on the experience and feedback received from the industry during  the ‘dry run’ exercise the ESAs carried out during 2024 to support the industry in the preparation for submission of the registers of information and to test the reporting process. 

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: UK bolsters support to tackle mpox and Marburg in central Africa

    Source: United Kingdom – Executive Government & Departments

    The UK has announced a package of measures to tackle the outbreaks of mpox and Marburg in central Africa

    • Support to bolster partners’ efforts to tackle mpox in the Democratic Republic of Congo (DRC), Uganda and other affected countries.
    • UK Public Health Rapid Support Team sent to the region will also provide technical expertise on mpox to the Africa Centres for Disease Control and Prevention.
    • The UK is separately working with Rwanda to deliver its response plan to the Marburg virus outbreak and reduce the virus’ spread.

    The UK has announced a package of measures to tackle the outbreak of mpox in central Africa, including up to £9m in support and the deployment of UK-based experts to provide technical expertise in the region.

    The financial package, unlocked from the existing Official Development Assistance (ODA) budget, will bolster the national response to mpox in DRC, the epicentre of the outbreak, and across the wider affected region. This includes additional funds to strengthen the UK’s existing partnership with UNICEF in DRC.

    Funds will assist partners to strengthen surveillance systems, reinforce health services and work with communities to raise awareness of risks and personal protective measures, in line with the Africa Centres for Disease Control and Prevention and World Health Organisation (WHO)’s Continental Preparedness and Response Plan.

    The Minister for Development, Anneliese Dodds said:

    Across the DRC, dedicated healthcare workers and communities are doing all they can to prevent the spread of mpox. But the reality is they cannot do it alone.

    The UK is working in partnership with others to bolster the national and wider regional response. This vital support will help stem the spread of this deadly disease, protecting communities in DRC, the wider Africa region, and at home in the UK.

    To support the leadership and coordination of the African continent’s response to mpox, the UK has deployed experts from the UK Public Health Rapid Support Team (UK-PHRST), an innovative partnership between the UK Health Security Agency (UKHSA) and the London School of Hygiene & Tropical Medicine (LSHTM), to DRC to support the Africa Centres for Disease Control and Prevention, who is jointly leading the continental response with the WHO.

    These two experts – a field epidemiologist and an Infection Prevention and Control specialist – will use their technical expertise to assist the joint WHO Africa-CDC continental incident management team.

    Dr Ed Newman, UK-PHRST Director said:

    The UK Public Health Rapid Support team ensures that our expertise in tackling infectious disease outbreaks is rapidly available to support countries who are responding to public health emergencies.

    Our staff will provide specialist support to colleagues at Africa-CDC and the joint continental incident management team as they work to manage the ongoing mpox epidemic, as well as using this learning to further strengthen UK preparedness.

    The UK is also supporting Rwanda to deliver its response plan to the Marburg virus outbreak, including through mobilising £1.9m from existing ODA budgets to provide UK expertise and outbreak response.

    UK experts in viral haemorrhagic fevers and researchers leading therapeutic trials have already arrived in Kigali to support the response in coordination with the WHO and Rwandan Ministry of Health.

    Through a continued close partnership, the UK and Rwanda are working together to save lives and reduce the Marburg virus’ spread.

    Africa CDC Director General, H.E Dr. Jean Kaseya said:

    Africa is facing significant public health challenges with the mpox and Marburg virus outbreaks. The UK’s vital support—through both financial assistance and technical expertise—comes at a crucial moment.

    This partnership will bolster our efforts to contain these outbreaks, enhance disease surveillance, and strengthen healthcare systems in the Democratic Republic of Congo, Rwanda, and beyond.

    Together, we are not just responding to immediate threats, but building stronger, more resilient systems to safeguard the health of millions across the continent.

    UNICEF DRC Representative, Grant Leaity said:

    Children affected by mpox in DRC are facing other serious challenges including measles, cholera and other infectious diseases, acute malnutrition, and lack of access to essential services.

    The generous UK funds will help in reducing the spread of mpox, providing comprehensive treatment to these vulnerable children and reinforcing the health system over the longer term, especially at community level.

    Background:

    • The announcement of further support to tackle mpox follows the declaration of mpox as a Public Health Emergency of Continental Security by Africa-CDC and a Public Health Emergency of International Concern by the WHO in August.

    • A recent report from the WHO estimated that there have been more than 30,000 suspected cases of mpox in Africa since the beginning of 2024, resulting in more than 800 deaths.

    • In August, the Minister for Africa, Lord Collins, announced £3.1m in UK funding for a new partnership with UNICEF in DRC to tackle mpox and cholera outbreaks. The UK’s partnership with UNICEF will benefit over 4.4 million people in affected communities and prevent the further spread of mpox to neighbouring countries.

    • As the largest flexible donor to the WHO globally (£340m 2020-2024), the UK supports the WHO to prepare for health emergencies and respond to them quickly, directing funding to where it’s most needed.

    • The UK is also one of the largest donors to Gavi, the Vaccine Alliance – providing £1.65bn over the 2021-2025 period. Gavi is critical to ensuring a sustainable and effective vaccine response to mpox. Gavi has unlocked $2.9m to support the DRC’s vaccination efforts and has secured 500,000 doses of MVA-BN vaccine for Africa.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 16 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Business Tendency Survey results published16 October 2024 ​​​Statistics Jersey have today published the results of the Business Tendency Survey for September 2024. Chief executives and managing directors were asked for their opinions on the current situation… Read more

    Source: Channel Islands – Jersey

    16 October 2024

    ​​Statistics Jersey have today published the results of the Business Tendency Survey for September 2024.

    Chief executives and managing directors were asked for their opinions on the current situation of their business compared to three months earlier and their expectations for the next three months.​

    Please note that the Business Tendency Survey was discontinued in September 2024; please see the statement from the Chief Statistician for further details. The statistical publication calendar​ has been updated to remove previously planned release dates after October 2024. 

    We would like to thank all respondents for their valuable participation over the years.

    Business activity indicator

    • The headline all-sector business activity indicator was moderately positive, at +10 percentage points (pp); this means the proportion of businesses that reported an increase was 10 pp higher than those that reported a decrease.
      • the business activity indicator was strongly positive for the finance sector (+28 pp) and neutral for the non-finance sector (+2 pp)

    Current indicators

    • One of the eight current indicators was extremely negative (input costs), one indicator was moderately negative (profitability), and two indicators were moderately positive (product prices and business activity), while the other four current indicators were neutral.
      • for the finance sector, there were five positive current indicators: two strongly positive and three moderately positive, whilst there was one strongly negative indicator (input costs) and two were neutral
      • for the non-finance sector, one of the eight current indicators was extremely negative (input costs), one was strongly negative (profitability), and one was moderately negative (business optimism); in contrast, one indicator was strongly positive (product prices) and the other four were neutral
    • The overall picture was essentially the same as last quarter; the only notable changes being a moderate increase in the employment indicator and a moderate decrease in the product prices indicator.

    Outlook for next quarter – the three months to December 2024

    • The outlook for future business activity was moderately positive (+19 pp). 
      • the indicator was strongly positive for finance (+46 pp) and neutral for non finance (+7 pp)
    • The overall future employment outlook was moderately positive (+10 pp).
      • the indicator was strongly positive for finance (+40 pp) and neutral for non finance (-3 pp)
    • The overall future input costs outlook was extremely negative (-51 pp).
      • the indicator was strongly negative for finance (-35 pp) and extremely negative for non finance (-58 pp)
    • The overall future product prices outlook was strongly positive (+30 pp).
      • the indicator was moderately positive for finance (+20 pp) and strongly positive for non finance (+35 pp) 

    MIL OSI United Kingdom –

  • MIL-OSI Security: Operation Narsil disrupts network of child abuse websites designed to generate profits from advertising

    Source: Interpol (news and events)

    3 August 2023

    Tracking the money made by perpetrators and preventing the revictimization of children

    LYON, France — INTERPOL has concluded a two-year global operation to bring to justice criminals operating networks of child sexual abuse websites designed to generate profits from advertising.

    Running from December 2021 to July 2023, Operation Narsil also targeted the finance mechanisms used by the website administrators to conduct their online advertising campaigns.

    Over two years, INTERPOL member countries worked together using INTERPOL’s Worst of List (IWOL), sharing targeted intelligence, pinpointing suspects and coordinating arrests of the people managing the websites.

    Created in 2010, IWOL contains a watchlist of websites containing extreme child abuse material.  The General Secretariat headquarters works with law enforcement in all regions so that national Internet service providers close down these websites.

    “Operation Narsil sends a strong message to the criminals making money from these websites that INTERPOL, and its alliance of police forces in 195 member countries, know where they are, what they are doing, and how to find them,” said Jürgen Stock, INTERPOL Secretary General.

    “Every time a person clicks on these images, they are effectively entering a crime scene. Identifying and removing these websites reduces the availability and potential normalization of online child abuse material, and, most importantly, reduces the re-victimization of the children abused,” added Secretary General Stock.

    Worldwide crime trend

    In one case, a brother and sister, both in their early thirties, were arrested as a result of IWOL digital clues and intelligence provided by the global police community pointing investigators to the suspects in Argentina.

    Investigations by Argentina’s Victim Identification Office in the Anti Cyber Crimes against Minors Division and the Specialised Cybercrime Prosecution Unit (UFECI), working with Federal Courts in Mendoza Province, led to the identification and arrest of the two suspects.

    Fourteen electronic devices were seized from their home as well as cash and credit cards. The siblings are thought to have created, maintained and financially benefitted for more than a decade from websites featuring child sexual abuse material and associated advertising campaigns.

    “Given the technological complexities of this case and the degree to which the criminal activity went undetected, these arrests highlight the importance of police cooperation across regional, national, and international borders,” said the Head of Argentina’s Federal Police, Juan Carlos Hernandez, who also serves as delegate for the Americas on INTERPOL’s Executive Committee.

    Argentina’s Federal Police search electronic devices seized during Operation Narsil for child abuse images

    Officers of Argentina’s Federal Police review materials seized during Operation Narsil

    Argentina’s Federal Police reviewing seized materials

    Officers of Argentina’s Federal Police review visitor statistics to the suspect’s sites

    “With synchronized arrests across continents, this operation confronted global networks that profit from child abuse images and videos. INTERPOL is a strong global network of officers fully committed to putting an end to the online abuse of children, and we applaud the action and incredible results countries have achieved in Operation Narsil,” added Argentina’s Police Chief.

    Local crime, global cooperation

    Working with the Prosecutor’s Office, Bulgarian law enforcement identified and arrested a 34-year-old man who made his living operating an online forum that facilitated the sharing of child sexual abuse materials.

    Bulgarian Police closed the online forum he had been running since 2020 and which is thought to have facilitated access to thousands of media files depicting serious child sexual abuse material.

    Following the arrest, investigations are ongoing to identify forum users.

    In one case during the Russian leg of Operation Narsil, police authorities arrested two 24-year-old citizens for the production and online circulation of materials depicting the sexual violation of minors. Authorities searched the suspects’ homes, seizing computer equipment containing specialized software for creating and administrating websites, and removable hard drives containing child sexual abuse material.

    With the support of US Homeland Security Investigations, Thai police arrested a 45-year-old Thai national for the possession and online distribution of child sexual abuse material. His arrest came after police executed a search warrant at his residence, uncovering large amounts of child sexual abuse material and financial transaction records associated with online distribution of the abuse photos.

    Narsil – meaning a longsword which tackles all evil – is one of the first INTERPOL operations to focus on identifying, locating and arresting the people receiving advertising revenues from website visitors interested in viewing the site’s child sexual abuse content.

    INTERPOL has been monitoring websites disseminating child sexual abuse imagery for more than 13 years and, in collaboration with law enforcement partners across the world, has seized more than 20,000 domains.

    Operation Narsil involved investigations triggered by law enforcement in Austria, Argentina, Belarus, Bulgaria, Canada, Cyprus, Estonia, France, Germany, Italy, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Moldova, Netherlands, New Zealand, Norway, Poland, Romania, Russia, Singapore, Spain, Switzerland, Thailand, United Kingdom and United States.

    MIL Security OSI –

  • MIL-OSI Russia: Spend “One Day at the University” with GUU

    MILES AXLE Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    On November 23, the State University of Management invites schoolchildren of grades 9-11 and their parents to spend “One Day at the University”.

    At the presentation “About Studying,” guests will be told about the opportunities for entering the university and the “GUU Leaders” program, about what specialty can be obtained by studying at our University, and why GUU is the best in management education.

    As part of the “I am a student” block, those gathered will get acquainted with the world of youth movements, clubs of interest, volunteering, social projects, KVN, sports associations and creative communities, learn about what students do in their free time, as well as about additional bonuses upon admission.

    All visitors will be given a tour of the university, where they will be shown the multi-level scientific and educational complex of the first management university, which includes a co-working space, a library, lecture halls, laboratories, a canteen, buffets, a cafe, a sports complex and a well-equipped swimming pool.

    In addition, there will be a “Meeting with Parents” where university representatives will answer all questions of interest.

    We are waiting for everyone on November 23 at 10:00 in the lobby on the 1st floor of the Laboratory Building (the sign above the entrance says “Admissions Committee”).

    Pre-registration is required to participate.

    We remind you that you will need a passport to enter the university grounds.

    For a century, GUU has confidently held the position of the leader in management education in Russia. The university has more than 12 thousand students in 14 bachelor’s degree programs, 11 master’s degree programs, and postgraduate students in 8 scientific specialties. The university is among the Top 10 universities in terms of salaries of young specialists in the legal field, economics, and finance.

    Subscribe to the tg channel “Our State University” Announcement date: 11/23/2024

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    Spend “One Day at the University” with GUU

    MIL OSI Russia News –

  • MIL-OSI Russia: ‘Distance is not a problem’: HSE develops cooperation with think tanks of BRICS countries

    MILES AXLE Translation. Region: Russian Federation –

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

    At the end of September Institute for Statistical Studies and Economics of Knowledge (ISSEK) HSE held a meeting with representatives of analytical centers from Brazil, India, and Egypt. The participants considered the possibilities of cooperation, including conducting joint surveys and comparative studies, and discussed the formation of common databases and joint publications on foresight and scientific and technical policy. A decision was also made to prepare a draft multilateral agreement on the establishment of the BRICS Foresight Research Association.

    Leonid Gokhberg, First Vice-Rector of the National Research University Higher School of Economics and Director of the ISSEK, welcomed the participants and presented an overview of HSE research activities in areas of possible cooperation, focusing in particular on those conducted by the team of the Institute for Statistical Studies and Economics of Knowledge.

    ISSEK comprises 19 research centres and two international laboratories, with over 240 employees, making it the largest research unit of the Higher School of Economics. The key areas of the institute’s activities are statistical measurements and forecasting of development directions in science, technology, innovation, education, the digital economy and creative industries. ISSEK scientists analyse scientific, technical and innovation policies implemented in Russia and around the world, and study the factors of sustainable economic growth, social welfare and competitiveness.

    ISSEK is implementing a number of large-scale research projects. The Doing Science in Russia study analyzes the current state of Russian science and its development prospects. The Russian Cluster Observatory, which studies the innovative and creative development of cities and regions, publishes two ratings: the Innovative Development Rating of Russian Regions and the HSE Global Cities Innovation Index. In the third, recently published edition, the authors examine more than 1,000 agglomerations with the largest number of high technologies and creative leaders from 144 countries. Hundreds of ISSEK research projects use the results of the unique iFORA big data mining system developed by its team.

    Leonid Gokhberg outlined potential areas of cooperation between ISSEK and foreign partners in the framework of joint research, publications and courses in such areas as foresight, the use of big data, scientific and technical policy, the business climate in the field of science and technology, the digital economy, the creative economy, and innovative urban development.

    The Director of the ISSEK also proposed the creation of a BRICS Foresight Research Association, which would promote cooperation in the field of futures research.

    Fernando Rizzo, Director of the Center for Strategic Studies and Management in Science, Technology and Innovation (CGEE, Brazil), introduced the audience to the history and activities of the organization. CGEE was founded in 2001 and has 115 employees. The center supports decision-making processes on topics related to science, technology and innovation. CGEE experts evaluate and monitor public policies, identify promising technologies and competencies, conduct foresight studies, and provide strategic consulting services for decision-making. CGEE includes several research observatories: Information Services for Science, Technology and Innovation; Space Technology Observatory; Science, Technology and Innovation Observatory; Innovation Observatory for Sustainable Cities; Bioeconomy Observatory; Digital Transformation Observatory.

    In 2024, CGEE organized the 5th National Conference on Science, Technology and Innovation, a major event that attracted a total of 30,000 participants from 27 Brazilian states. The conference presented the Brazilian Plan for Artificial Intelligence (BPAI) 2024-2028.

    Dr. Mohamed Ramadan Rezk, Director of the Egyptian Science, Technology and Innovation Observatory (ESTIO, Egypt), began his presentation with the surprising idea that foresight existed as far back as Ancient Egypt, where the future, i.e. life after death, was depicted on bas-reliefs. In its modern sense, foresight research began in Egypt in 1975, when the Food and Agriculture Organization of the United Nations conducted a study on the demographic impact of potential development strategies from 1975 to 1985. ESTIO was established in February 2014 as a subordinate organization of the Academy of Scientific Research and Technology (ASRT) to develop science, technology and innovation indicators, conduct foresight studies and raise awareness of foresight in Egypt. Later, in 2021, the North African Applied Systems Analysis Center (NAASAC) was established as a collaboration between ASRT, the International Institute for Applied Systems Analysis (IIASA) in Austria and the National Planning Institute of Egypt. Its activities include developing an online educational program on applied research; organizing joint applied research on issues relevant to decision makers in Egypt, North Africa and the Arab States; and providing advisory services to governments and businesses. ASRT conducts foresight research in areas such as energy, water, the impact of COVID-19 on society, and climate change.

    Dr. Gautam Goswami, Principal Scientist, Technology Information, Forecasting and Assessment Council (TIFAC, India), shared the strengths of his organization. TIFAC is a technology think tank under the Ministry of Science and Technology, Government of India. It brings together eminent experts from government agencies, research institutes, universities and industry. TIFAC focuses on areas such as assessing the country’s technology needs and forecasting promising areas of technology development. Since 1996, TIFAC has been publishing a series of reports called “The Future of Technology” (the first and second editions set the forecast horizon for 2020 and 2035; the report “The Future of Technology – 2047” is currently being prepared). The council’s experts also prepare other short- and long-term foresight reports, as well as the Technology Market Research Report, which tracks new technologies, collects patent information, and maintains databases of technologies and experts. TIFAC also provides foresight training to industry professionals, government officials, and academics.

    Iwao Ohashi from Japan, Advisor for Japan and Asia Pacific Countries to the Association of Industrial Parks of Russia, shared his opinion on the prospects for Russia’s technological development under sanctions. He believes that Russia should develop cooperation in technology and innovation with the BRICS countries. Joint foresight studies are also very important, and Iwao Ohashi believes that the creation of the BRICS Foresight Research Association would be a very promising idea. Mr. Ohashi noted that in the near future, China will most likely become a global leader in innovation. At the same time, he emphasized that “we need to make a strategic bet on the creation of Russian innovation centers within the country and in its regions, as well as invite foreign experts to Russia.”

    Following the presentations, ISSEK scientists exchanged ideas for cooperation with foreign participants. Dirk Meissner, Head ofLaboratory of Innovation Economy and academic director of the master’s program “Governance in the field of science, technology and innovation“, mentioned cooperation with colleagues from the University of Campinas in Brazil. “Geographical distance is no longer a problem,” said Dirk Meissner, emphasizing the importance of communication and education online.

    Liliana Proskuryakova, Head of DepartmentLaboratory for Science and Technology Research, noted the issues of health care, energy and water resources as cross-cutting themes in the participants’ speeches. A comprehensive analysis of these basic needs of humanity can determine the priorities of cooperation, in addition, this agenda is also in line with the Sustainable Development Goals that are relevant for our countries. Mikhail Gershman, Director Center for Scientific, Technical, Innovation and Information Policy, head of the project “Making Science in Russia”, invited colleagues to join forces in the framework of comparative cross-country studies of the working conditions of scientists and state scientific and technical policy. Ekaterina Streltsova, director Center for Statistics and Monitoring of Science and Innovation, proposed establishing cooperation to conduct joint research on technological development, including using patent analysis tools.

    Evgeny Kutsenko, Director of the Russian Cluster Observatory, spoke about the project’s scientific plans, including cluster development, unicorn companies and creative industries. The possibilities of strengthening joint projects based on the results of big data analysis were demonstrated by showing the system developed at ISSEKiFORA, expert of the Center for Strategic Analytics and Big Data of the ISSEK Maria Antasheva.

    “I am pleased to meet you. CGEE started collaborating with HSE many years ago. And when Alexander Sokolov suggested intensifying scientific ties, most of the CGEE staff, who already had experience interacting with the Higher School of Economics, knowing the high level of its research, readily supported this idea,” said Fernando Rizzo, Director of CGEE. “At our center, we work in various areas, including sustainable cities, bioeconomy, energy, airspace, agriculture and education. Among the potential areas of our international cooperation, I see training and education in AI and data science, the use of generative AI for research and innovation, joint data infrastructure and the use of predictive modeling in big data analysis.”

    The meeting participants agreed to strengthen international ties and implement projects in areas of mutual interest, including within the framework of the planned multilateral agreement to create the BRICS Foresight Research Association.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.hse.ru/nevs/expertise/975578115.html

    MIL OSI Russia News –

  • MIL-OSI Europe: At a Glance – Discharge for the 2022 budget: European Council and Council – 16-10-2024

    Source: European Parliament

    In April 2024, the European Parliament decided to postpone its decision on granting discharge to the European Council and the Council for the 2022 budget owing to a number of critical observations. Parliament’s Committee on Budgetary Control has re-examined the situation but, given the Council’s lack of willingness to cooperate on the discharge procedure, it cannot take an informed decision. It therefore recommends in this second and final report not to grant discharge to the two institutions. Since 2009, Parliament has refused discharge to the two institutions for each financial year. The vote is scheduled for the October II plenary part-session.

    MIL OSI Europe News –

  • MIL-OSI Europe: At a Glance – Establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine – 16-10-2024

    Source: European Parliament

    The EU will provide a new macro-financial assistance (MFA) loan of up to €35 billion to Ukraine as part of a G7 initiative to support Ukraine with a loan of up to US$50 billion (€45 billion). The new Ukraine Loan Cooperation Mechanism will provide revenues originating from immobilised Russian sovereign assets, so that Ukraine can service and repay loans from the EU and other G7 lenders. Parliament is expected to adopt the proposal during its October II plenary sitting.

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – Asia’s skyrocketing space race: A competition for peace? – 16-10-2024

    Source: European Parliament

    Over the past 20 years, new Asian players have emerged in the competition for space. Until the end of the 20th century, Japan – the only Asian country admitted to the International Space Station – played a leading role in the region. However, the beginning of the 21st century has seen the rise of other countries’ space capabilities, fuelling a new space race. China has made sizeable progress, outpacing Russia as the main competitor to the United States. Beijing aims to be the world’s leading space power by the mid-2040s and has integrated its space activities in the army structure. China is planning to build a permanent research station on the lunar south pole and a solar power station in space. China and Russia are increasingly teaming up in space projects. India has showed the capability to perform low-cost missions, including the successful landing on the Moon in August 2023, making it the fourth country to achieve this. South Korea has a relatively recent space history, but aims to rank among the world’s top five space powers by 2045. The United Arab Emirates (UAE) and Saudi Arabia have revealed ambitious space policies; the UAE aims to establish the first inhabitable human settlement on Mars by 2117. Meanwhile, despite the narrative of a shared vision for humanity in space, China is accumulating major counter-space capabilities, including that of seizing control of a satellite, rendering it ineffective. The Chinese army has meanwhile designated outer space as a warfighting domain. There is also concern around the claimed pacific purpose of Iran’s space programme, potentially supporting its intercontinental ballistic missile capacities. North Korea is also developing a space programme. The European Union (EU) economy, society and security are increasingly reliant on space services. The April 2021 Space Regulation established the EU space programme and the EU Agency for the Space Programme. The EU’s space strategy for security and defence was adopted in March 2023.

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – Confirmation hearings of the Commissioners-designate: Wopke Hoekstra – Climate, Net Zero and Clean Growth – 15-10-2024

    Source: European Parliament

    Wopke Hoekstra has served as the Commissioner for Climate Action since October 2023. In this role, he represented the European Union at the UN Climate Change Conference (COP28) in Dubai, United Arab Emirates, in November 2023. Starting in early 2024, Hoekstra, along with the Executive Vice-President in charge of the European Green Deal, Maroš Šefčovič, has been communicating on behalf of the Commission regarding its 2040 climate target and managing climate risks. He has also been representing the Commission in clean transition dialogues with industry. From 2011 to 2017, Hoekstra was a Member of the Dutch Senate representing Christian Democratic Appeal (the CDA), affiliated to the European People’s Party (EPP) group in the European Parliament. In October 2017, he became the minister of finance, a position he held until 2022, also becoming the leader of the CDA in 2020. From January 2022 he served concurrently as deputy prime minister and minister of foreign affairs. Prior to taking on the role of Commissioner, he stepped down from both of those positions in July 2023. Born in 1975, Hoekstra studied law at Leiden University, from which he graduated in 2001. In 2005, he obtained an INSEAD MBA degree. Early in his career Hoekstra held commercial posts at Shell. In 2006, he joined global consulting company McKinsey, becoming a partner in 2013. This is one of a set of briefings designed to give an overview of issues of interest relating to the portfolios of the Commissioners designate. All these briefings can be found at: https://epthinktank.eu/commissioner_hearings_2024.

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – Confirmation hearings of the Commissioners-designate: Joseph Síkela – International Partnerships – 15-10-2024

    Source: European Parliament

    Josef Síkela (Mayors and Independents Party, STAN) affiliated to the European People’s Party (EPP), has served as the Czech minister for industry and trade since December 2021. In this position, his focus has been on reducing his country’s reliance on Russian gas, developing the use of renewable energy sources and securing stakes in German and Dutch liquefied natural gas (LNG). Síkela has served in various banks, notably as the head of the Slovak Savings Bank and as board member of the Austrian Erste Group Bank. Born in 1967 in Rokycany, Czechia, Síkela studied foreign trade economics at the Prague University of Economics and Business.

    MIL OSI Europe News –

  • MIL-OSI USA: Salazar and Wasserman Schultz Introduce Legislation to Stop Venezuelan Oil Exports Until Maduro Leaves Power

    Source: United States House of Representatives – Congresswoman María Elvira Salazar’s (FL-27)

    WASHINGTON, D.C. – Today, Western Hemisphere Subcommittee Chairwoman María Elvira Salazar (R-FL) and Rep. Debbie Wasserman Schultz (D-FL) introduced the Revoke Exemptions for Venezuelan Oil to Curb Autocratic Repression (REVOCAR) Act. The bill is the House of Representatives companion to legislation introduced in the Senate by U.S. Senator Dick Durbin (D-IL).

    After the presidential election held in Venezuela on July 28, 2024, Nicolás Maduro and his regime have unleashed a torrent of repression and violence towards supporters of María Corina Machado and Edmundo González, the leader of the opposition and winner of the election, respectively. Since then, the Biden-Harris Administration renewed U.S. oil company Chevron’s license to operate in Venezuela just 33 days after the stolen election, undermining the United States’ ability to adequately pressure Maduro to concede his defeat and leave power.

    The REVOCAR Act will rescind these licenses and ensure American and European companies can no longer finance Maduro’s repression and hasten the democratic transition process the Venezuelan people voted for.

    “It’s long past time to cut off the flow of money that the Maduro Dictatorship uses to oppress their people,” said Chairwoman Salazar. “We are sending a loud and clear message that if Maduro stays, there will be no oil money for the Venezuelan regime.”

    At a recent hearing, Chairwoman Salazar condemned several oil companies in the United States and Europe for continuing to conduct business with PDVSA, Venezuela’s state-owned oil company and financial lifeline for the Maduro regime, even after the results of the July 28 presidential election. Salazar noted that companies like Chevron, Repsol, Eni, and Maurel et Prom are profiting off the continued repression of the Venezuelan opposition by operating with PDVSA.

    The REVOCAR Act ends Maduro’s financial lifeline by prohibiting American citizens and companies from engaging with PDVSA by eliminating General Licenses issued by the Treasury Department’s Office of Foreign Assets Control (OFAC). These licenses are necessary to do business with the Maduro regime. The prohibitions would extend for three years or until the President certifies that a peaceful, democratic transfer of power to Venezuelan president-elect Edmundo González Urrutia has taken place.

    “Maduro’s brutal regime refuses to honor the undeniable election results, despite clear evidence proving his loss. Rescinding these special licenses, which exclusively serve to subsidize the regime’s crony corruption, violent repression, and flagrant human rights abuses, must be part of our international effort to reject Maduro’s election theft,” said Rep. Wasserman Schultz. “If we truly intend to see through a peaceful transition of power and honor the will of the Venezuelan people, we cannot afford to indulge fossil fuel companies’ investors at the expense of democracy.”

    “Despite the sweeping and clear opposition victory in the recent Venezuelan presidential election, the Maduro regime refused to release results, announced that it had won instead, and arbitrarily arrested thousands of opposition supporters,” said Senator Durbin. “We must put an end to the outright theft of the Venezuelan voters’ overwhelming choice for a better future. I’m pleased that Reps. Wasserman Schultz and Salazar are introducing the House bill to terminate all U.S. petroleum cooperation and related trade with Venezuela until the legitimate results of the recent election are respected. The Maduro regime clings to power using oil revenues dependent on U.S. involvement. Under our bill, that will end, and so will Maduro’s financial strength.”

    To read the full text of the bill, click here.

    ###

    MIL OSI USA News –

  • MIL-OSI: Tokio Marine HCC Appoints David Perez to Launch US Excess Casualty Business

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) — Tokio Marine HCC (TMHCC), based in Houston, Texas, has today announced the expansion of its specialty product offering with its entry into the Excess Casualty market. David Perez has been appointed as President, Excess Casualty, to lead the launch and build out the new offering. David takes up his new role with immediate effect and will report to Susan Rivera, Chief Executive Officer (CEO) of TMHCC.

    TMHCC’s entry into this space is timely and will provide insureds vital new capacity as limit retrenchment continues amid challenging loss cost trends. David’s unique understanding of the casualty industry, combined with TMHCC’s underwriting best practices honed over its 50-year history, creates a powerful foundation for profitable growth and market leadership.

    David brings nearly four decades of experience to the new division. He joins from Liberty Mutual where he served as Chief Underwriting Officer, Global Risk Solutions. He has also held senior underwriting positions, across the US and Bermuda, including at Torus Insurance Limited, American International Group, and Starr Excess Liability Insurance Company Ltd.

    Susan Rivera, CEO of TMHCC, said, “TMHCC’s entry into the Excess Casualty market at this pivotal juncture once again demonstrates our unwavering commitment to the needs of insureds and aligning capacity where it is required most. While entering a new market can bring its own set of challenges, TMHCC is well-positioned to capitalize on the opportunity the firming of the excess casualty market presents. David brings with him a wealth of experience and will undoubtedly strengthen our deep technical expertise as TMHCC cements its position in the market. It also highlights our commitment to employing the best in the business as we prioritize the development and growth of products that will enable policyholders to enhance their resilience.”

    David Perez, President of Excess Casualty, added, “TMHCC has an exceptional reputation in the specialty insurance sector, and I am excited to launch its presence into the Excess Casualty market. There is a clear opportunity for TMHCC’s unique blend of underwriting acumen, analytics and disciplined limits and cycle management. I am looking forward to working with Susan and the team to build the new offering.”

    About Tokio Marine HCC
    Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $73 billion as of June 30, 2024. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe. Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings, ‘A++’ (Superior) from AM Best, and ‘AA-’ (Very Strong) from Fitch Ratings; its major international insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings. Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. For more information about Tokio Marine HCC, please visit http://www.tokiomarinehcc.com.

    Contact:
    MHP Group
    tmhcc@mhpgroup.com
    +44 (0)7586 050 758

    The MIL Network –

  • MIL-OSI: TopLine Financial Credit Union Opens New Maple Grove – Arbor Lakes Branch on October 21, 2024

    Source: GlobeNewswire (MIL-OSI)

    MAPLE GROVE, Minn., Oct. 15, 2024 (GLOBE NEWSWIRE) — TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, is opening a new full-service Maple Grove – Arbor Lakes branch on October 21, 2024 located at 11121 Fountains Drive, Maple Grove, MN 55369.

    The new Maple Grove – Arbor Lakes branch will provide personal service as well as self-service convenience with a new innovative 24/7 Interactive Teller Machine (ITM) that provides members with remote assistance service, combining the convenience of ATMs with the personalized experience of a branch visit. Financial product and service offerings include: savings and checking accounts, auto loans, home loans, personal loans, student loans, mortgage services, investment services, small business and commercial services, insurance agency, remote access, as well as financial education and counseling from TopLine Certified Credit Union Financial Counselors.

    “We are thrilled to open our doors in our new Maple Grove location and extend our reach in surrounding communities to provide affordable financial services to more consumers,” says Mick Olson, President and CEO of TopLine Financial Credit Union. “Our new Maple Grove – Arbor Lakes branch represents our commitment to providing personalized financial solutions that help individuals and families achieve their financial dreams of home ownership, sending children to college, saving for retirement, protecting their assets or opening their own small business. We look forward to growing together and building lasting relationships with the members of this vibrant community.”

    TopLine will be holding a Grand Opening Celebration at the new location during the week of November 4 – 9. The community is invited to visit the branch in-person for exclusive specials, tasty treats, and a “We’ll Pay Your Phone Bill for a Month up to $150” raffle as a way to recognize the Bell System telephone workers who started the credit union 89 years ago. To learn more visit https://www.toplinecu.com/atms-locations/new-branch.

    TopLine will be hosting a Ribbon Cutting Celebration in partnership with the Minneapolis Regional Chamber at the new location, 11121 Fountains Drive, Maple Grove, MN 55369, on Wednesday, November 13th from 2:00pm – 4:00pm. Everyone is welcome and refreshments will be served.

    TopLine’s current Maple Grove branch at 9353 Jefferson Hwy will permanently close on Saturday, October 19th at 12pm and become TopLine’s corporate office with only drive-up ATM access after the new Arbor Lakes location opens.

    TopLine Financial Credit Union, a Twin Cities-based credit union, is Minnesota’s 9th largest credit union, with assets of over $1.1 billion and serves over 70,000 members. Established in 1935, the not-for-profit financial cooperative offers a complete line of financial services from its ten branch locations — in Bloomington, Brooklyn Park, Champlin, Circle Pines, Coon Rapids, Forest Lake, Maple Grove, Plymouth, St. Francis and in St. Paul’s Como Park — as well as by phone and online at http://www.TopLinecu.com or http://www.ahcu.coop. Membership is available to anyone who lives, works, worships, attends school or volunteers in Anoka, Benton, Carver, Chisago, Dakota, Hennepin, Isanti, Kanabec, Mille Lacs, Pine, Ramsey, Scott, Sherburne, Washington and Wright counties in Minnesota and their immediate family members, as well as employees and retirees of Anoka Hennepin School District #11, Anoka Technical College, Federal Premium Ammunition, Hoffman Enclosures, Inc., GRACO, Inc., and their subsidiaries. Visit us on our Facebook or Instagram. To learn more about the credit union’s foundation, visit http://www.TopLinecu.com/Foundation.

    CONTACT:
    Vicki Roscoe Erickson
    Senior Vice President and Chief Marketing Officer
    TopLine Financial Credit Union
    verickson@toplinecu.com | 763.391.0872

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5ddad3e3-5b3c-4c15-9742-25e84e03fa84

    The MIL Network –

  • MIL-OSI Russia: Mexico: Staff Concluding Statement of the 2024 Article IV Mission

    Source: IMF – News in Russian

    October 15, 2024

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

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

    Key Messages

    Activity is decelerating. Despite an expansionary fiscal stance, growth is slowing to around 1½ percent this year, due to binding capacity constraints and tight monetary policy. Continuing monetary restraint and slowing activity are expected to lower inflation to Banxico’s 3-percent target by 2025. The current account deficit is expected to widen slightly in 2024 as investment- and consumption-related imports outpace exports. Risks to growth are tilted to the downside while inflation risks remain on the upside. Weaker-than-expected growth in the U.S., an increase in global risk aversion, and unforeseen effects from recent institutional reforms could weigh on output. On the other hand, better-than-expected import demand from the U.S. or the ongoing reshaping of global value chains could boost activity and inward investment.

    A medium-term fiscal strategy is needed to reduce deficits and debt, raise tax revenues, and create fiscal space for investments in human and physical capital. This would require putting in place a comprehensive tax reform early in the new administration, durably reducing the fiscal deficit while carefully prioritizing public spending, and reducing inequities in the pension system. Addressing the imbalances between the federal budget and Pemex, and enhancing corporate governance of the latter, are also important priorities.

    The ongoing reshaping of global value chains offers the incoming administration an important opportunity to deepen the already-strong economic links with the U.S. Taking advantage of these prospects, however, requires a wide-ranging set of supply-side reforms to complement the well-established, very strong institutional framework for macroeconomic policies. Regulatory reforms, better-targeted public investment that further relieves infrastructure bottlenecks, broader access to financial services, and a more predictable supply of energy and water would all support private sector-led growth. Other priority measures include governance reforms that address corruption and tackle organized crime.

    Recent judicial reforms create important uncertainties about the effectiveness of contract enforcement and the predictability of the rule of law. The replacement of judges at various levels of the judiciary in the coming year creates a new source of uncertainty that may impinge upon private investment decisions. It is critical that this reform be implemented in a clear and predictable way that ensures the independence and professionalism of the judiciary and strengthens the rule of law. Staff’s current baseline does not incorporate potential headwinds from these uncertainties.

    Fiscal Policy

    The authorities are committed to achieving their 2024 fiscal target. The overall deficit for the year is currently projected to be 5.9 percent of GDP, a fiscal impulse of around 2 percent of GDP that is expected to bring gross public sector debt close to 58 percent of GDP by end-2024. Increased spending on large infrastructure projects, wages, pensions, and social spending are all adding to fiscal support for the economy. There is, however, a risk that additional support for Pemex and/or greater-than-expected spending on infrastructure projects could lead to a modest fiscal overrun by end-year.

    Mexico needs to put in place a credible medium-term fiscal consolidation underpinned by well-identified policy measures. The incoming authorities’ plan to initiate an important fiscal consolidation in 2025 that should lower the deficit to below 3 percent of GDP over the medium term, underscoring Mexico’s commitment to fiscal prudence. This will require the identification and implementation of additional fiscal measures, preferably including an overarching tax reform. In particular, the 2025 budget should focus on reducing tax expenditures and reassessing both tax rates and thresholds, particularly for the personal income tax. Further expenditure rationalization, including tax exceptions, and improved tax administration would contribute to this needed adjustment and help bolster market confidence.

    A review of policies regarding support for Pemex, and the energy sector more generally, would enhance the credibility of the government’s fiscal plans. Federal government support for Pemex in the form of various tax reliefs, investments, and transfers have cost 1 percent of GDP in 2024. Further support should be conditioned on Pemex developing a viable business strategy and improving its corporate governance. This could include focusing Pemex activities on profitable fields, selling non-core assets, developing a new strategy for unprofitable refinery operations, and incentivizing public-private partnerships (including via equity participation). The strategy should also examine the implications for, and linkages with, the federal electricity company.

    More is needed to address structural inequities in the pension system. Public pension spending has increased by 0.6 percent of GDP over the past three years and will continue to rise over the medium term. While the recent reform to raise the replacement rate,aimed to equalize treatment across workers, inequities remain between and within cohorts. A broader review is therefore needed of the benefit structure and the minimum contribution requirement.

    Further deepening of financial intermediation would make growth more inclusive. The recent development of fintech products and digital payments have expanded access to financial products. In addition, financial regulations that lower loan-loss provisioning for female borrowers have increased women’s access to credit. These efforts could be complemented by expanding the adoption of digital payment systems and eliminating institutional barriers to entry for new products and entities that are deemed to be financially sound.

    The IMF staff team would like to thank the Mexican authorities and other counterparts for their support, hospitality, and constructive discussions.

     

    Table 1. Mexico: Selected Economic, Financial, and Social Indicators

    I. Social and Demographic Indicators

    GDP per capita (U.S. dollars, 2023)

       13,643.3

    Poverty headcount ratio (% of population, 2023) 1/

         37.0

    Population (millions, 2023)

            131.1

    Income share of highest 20 perc. / lowest 20 perc. (2022)

           8.4

    Life expectancy at birth (years, 2024)

               75.5

    Adult literacy rate (2020)

         95.2

    Infant mortality rate (per thousand, 2023)

    13.6

    Gross primary education enrollment rate (2022) 2/

       102.0

    II. Economic Indicators

    Proj.

    2020

    2021

    2022

    2023

    2024

    2025

    (Annual percentage change, unless otherwise indicated)

    National accounts (in real terms)

    GDP

    -8.4

    6.0

    3.7

    3.2

    1.5

    1.3

    Consumption

    -8.6

    7.1

    4.5

    4.6

    1.0

    0.9

    Private

    -9.8

    8.4

    4.9

    5.0

    1.0

    0.9

    Public

    -0.7

    -0.5

    1.7

    2.1

    1.2

    1.1

    Investment

    -18.3

    11.4

    7.4

    17.8

    4.0

    3.8

    Fixed

    -17.2

    10.5

    7.5

    18.0

    5.0

    3.0

    Private

    -18.6

    12.6

    7.7

    17.6

    5.3

    3.2

    Public

    -5.7

    -3.5

    5.8

    20.9

    3.8

    1.2

    Inventories 3/

    -0.3

    0.2

    0.0

    0.0

    -0.2

    0.2

    Exports of goods and services

    -7.0

    7.1

    8.9

    -7.4

    -0.6

    3.3

    Imports of goods and services

    -12.0

    15.7

    7.6

    5.0

    1.1

    2.3

    GDP per capita

    -9.1

    5.4

    2.9

    2.3

    0.6

    0.5

    External sector

    External current account balance (in percent of GDP)

    2.4

    -0.3

    -1.2

    -0.3

    -0.7

    -0.9

    Exports of goods, f.o.b.  4/

    -9.4

    18.6

    16.7

    2.6

    1.4

    3.6

    Imports of goods, f.o.b. 4/

    -15.9

    32.0

    19.6

    -1.0

    3.0

    4.6

    Net capital inflows (in percent of GDP) 5/

    0.8

    -1.0

    -0.9

    -0.9

    -1.9

    -1.4

    Terms of trade (goods, improvement +)

    0.8

    -1.0

    -3.1

    16.9

    -1.7

    -0.3

    Gross international reserves (in billions of U.S. dollars)

    199.1

    207.7

    201.1

    214.4

    235.0

    244.8

    Exchange rates

    Real effective exchange rate (avg, appreciation +) 6/

    -7.7

    5.9

    5.3

    16.4

    …

    …

    Nominal exchange rate (MXN/USD) (eop, appreciation +)

    -5.9

    -3.2

    5.7

    12.8

    …

    …

    Inflation, Employment and Population

    Consumer prices (end-of-period)

    3.2

    7.4

    7.8

    4.7

    4.5

    3.2

    Core consumer prices (end-of-period)

    3.8

    5.9

    8.3

    5.1

    4.0

    3.1

    Formal sector employment, IMSS-insured workers (average) 

    -2.5

    1.9

    4.3

    3.6

    …

    …

    National unemployment rate (annual average)

    4.4

    4.1

    3.3

    2.8

    3.0

    3.3

    Unit labor costs: manufacturing (real terms, average) 

    10.4

    4.4

    11.8

    -1.3

    …

    …

    Total population 7/

    0.8

    0.6

    0.8

    0.9

    0.9

    0.8

    Working-age population 7/

    1.1

    1.0

    1.1

    1.2

    1.1

    1.0

    Money and credit

    Financial system credit to non-financial private sector 8/

    0.9

    4.2

    10.9

    8.7

    8.0

    7.5

    Broad money

    13.4

    9.5

    7.3

    11.0

    7.8

    7.3

    Public sector finances (in percent of GDP) 9/

    General government revenue

    23.5

    22.9

    24.3

    24.4

    24.2

    23.8

    General government expenditure

    27.8

    26.6

    28.6

    28.7

    30.1

    27.3

    Overall fiscal balance 10/

    -4.3

    -3.7

    -4.3

    -4.3

    -5.9

    -3.5

    Structural primary balance  11/

    0.6

    1.2

    0.9

    1.1

    -1.1

    0.9

    Fiscal impulse 12/

    0.5

    -0.5

    0.2

    -0.2

    2.2

    -2.0

    Gross public sector debt

    58.5

    56.7

    54.1

    53.0

    57.6

    57.9

    Memorandum items

    Nominal GDP (billions of pesos)

    24,087

    26,690

    29,473

    31,772

    34,313

    36,766

    Output gap (in percent of potential GDP)

    -2.8

    -2.0

    0.0

    1.2

    0.6

    -0.1

    Sources: World Bank Development Indicators, CONEVAL, National Institute of Statistics and Geography, National Council of Population, Bank of Mexico, Secretariat of Finance and Public Credit, and Fund staff estimates.

    1/ CONEVAL uses a multi-dimensional approach to measure poverty based on a “social deprivation index,” which takes into account the level of income; education; access to health services; to social security; to food; and quality, size, and access to basic services in the dwelling.

    2/ Percent of population enrolled in primary school regardless of age as a share of the population of official primary education age.

    3/ Contribution to growth. Excludes statistical discrepancy.

    4/ Excludes goods procured in ports by carriers.

    5/ Excludes reserve assets

    6/ Based on IMF staff calculations.

    7/ Based on CONAPO population projections.

    8/ Includes domestic credit by banks, nonbank intermediaries, and social housing funds.

    9/ Data exclude state and local governments and include state-owned enterprises and public development banks.

    10/ The 2020 PSBR is adjusted for some statistical discrepancies between above-the-line and below-the-line numbers.

    11/ Adjusting revenues for the economic and oil-price cycles and excluding one-off items, in percent of potential GDP.

    12/ Negative of the change in the structural primary fiscal balance.
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Brian Walker

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/15/cs-mexico-staff-concluding-statement-of-the-2024-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA News: Statement from President Joe  Biden on Increased Worker  Organizing

    Source: The White House

    When I took office, I promised to be the most pro-union, pro-worker President in history. I have kept that promise. Today’s data from the National Labor Relations Board shows the number of workers filing for union representation has doubled since the start of my Administration—the first administration in five decades to have an increase in union petitions. I am proud to have secured the NLRB’s first budget increase in almost a decade, and I will continue fighting for more funding so the Board can empower workers on the job.

    After the previous administration sided with big corporations to undermine workers—from blocking overtime pay protections to making it harder to organize—my Administration has supported workers, including restoring and extending overtime pay protections to 4 million workers, holding employers accountable for union-busting, and calling on Congress to pass the PRO Act. Because when unions do well, all workers do well and the entire economy benefits.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Breaking: Brown Announces New Partnership to Recycle Nickel in Piketon

    US Senate News:

    Source: United States Senator for Ohio Sherrod Brown

    PIKETON, OH – Today, U.S. Senator Sherrod Brown (D-OH) announced that the U.S. Department of Energy (DOE) is entering into a partnership with Leidos and The Conductive Group to develop a new facility that will recycle surface contaminated nickel in Piketon and create jobs in the community.

    The Department of Energy and Leidos and The Conductive Group will partner on a multi-phased project to develop a commercial scale processing facility at the former Portsmouth Gaseous Diffusion Plant (PORTS) in Piketon to recycle surface contaminated nickel.

    “Together with the Piketon community and Ohio Steelworkers, we worked to make this partnership a reality because we knew it would create good union jobs, grow the local economy, and advance the environmental cleanup at PORTS,” said Brown. “By working together, we are building a stronger future for Piketon.”

    Nickel is a critical for the modern battery technologies that are foundational to our country’s economic future and vital for numerous products. There is approximately 6,400 tons of nickel located at PORTS. Nickel recovered from PORTS could be used to produce a high-purity nickel for products like grid scale batteries.

    “For two decades, the United Steelworkers have been trying to unlock the potential of recycling the nickel from the DOE Portsmouth site to support reindustrialization. Senator Sherrod Brown has stood apart from the rest as a partner in Washington and has worked tirelessly to ensure valuable metals in rural Ohio can be used to create good-paying union jobs. This week, his advocacy and ours paid off,” said Herman Potter, President, Local USW Local 689.

    “We are very excited to hear about the Department’s announcement that they have selected a company to extract some of the nickel at the PORTS site. I know this has been years in the making and has been of high concern to the Commission. This announcement is a big step toward bringing in a talented outside workforce and providing good jobs for the talented people here in Pike County. We hope this initial step will be successful and lead to further nickel extraction and potentially more manufacturing onsite, ultimately bringing more jobs to Pike County and the surrounding community,” said Tony Montgomery, Pike County Commissioner.

    This project does not require federal funding and will employ local United Steelworkers (USW) members.  

    Senator Brown has been pushing the DOE on efforts around the cleanup and reindustrialization of PORTS throughout his time in office as a U.S. Senator, including pushing DOE to move forward with this opportunity to recycle nickel.

    MIL OSI USA News –

  • MIL-OSI Security: More Indicted in Nationwide Business E-Mail Compromise Scheme

    Source: Federal Bureau of Investigation (FBI) State Crime News

    HOUSTON – A total of seven people in multiple states have been charged in a superseding indictment related to a large business email compromise (BEC) scheme, announced U.S. Attorney Alamdar S. Hamdani.

    Authorities have now arrested Houston resident Amber Bush, 29. She is expected to make her initial appearance before U.S. Magistrate Judge Christina A. Bryan Oct. 15 at 2 p.m.

    The three-count superseding indictment also charges Houston residents Bolaji Okunnu, 30, and Philip Ogbeide Jr., 34, along with Ayodeji Okunnu, 25, Austin; Victor Rubio Jr., 27, and Bougar Robert Linares Soto, 42, both of Los Angeles, California.

    Another Houston resident – Destini Godfrey, 30 – is considered a fugitive and a warrant remains outstanding for his arrest. Anyone with information about his whereabouts is asked to contact the FBI at 713-693-5000.

    All are charged with conspiracy to commit wire fraud and money laundering.

    The BEC scheme involved deceiving victims into sending money to others and causing millions in losses, according to the charges.

    Conspirators allegedly posed as legitimate businesses and fraudulently diverted money from victim bank accounts into accounts they controlled. According to the allegations, they gained access to business email accounts and spoofed email addresses to deceive victims into believing they were making legitimate payments.  

    The superseding indictment indicates fraudulently diverted payments from numerous victims throughout the United States, including a financial services company from Oregon, a township in New Jersey, a demolition company in Texas, a healthcare liability insurance company in Georgia and a nutrition products manufacturer outside Texas.

    Conspirators allegedly used email accounts to request payment for services to be sent to new bank accounts that did not belong to the vendor, according to the charges.

    They allegedly deceived victims into wiring millions to fraudulent bank accounts the conspirators opened instead of actually paying the vendor. The charges further allege conspirators laundered the funds in a manner designed to conceal the source, ownership and control of the funds by quickly transferring the money from the receiving account to other bank accounts they controlled.

    They then withdrew the fraud proceeds incrementally in cash, according to the charges.  

    If convicted, they face up to 20 years in prison on the conspiracy and money laundering conspiracy charges as well as five years for the money laundering and illegal money transmitting charge. Each charge carries a possible $250,000 maximum fine.

    The FBI-Bryan Resident Agency and IRS-Criminal Investigation conducted the investigation with valuable assistance from the Middlesex County District Attorney’s Office and the Edison Police Department in New Jersey and other law enforcement agencies and U.S. Attorney’s Offices throughout the United States. Assistant U.S. Attorneys Belinda Beek and James Hu are prosecuting the case.

    An indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

    MIL Security OSI –

  • MIL-OSI Canada: Government of Canada lists Samidoun as a terrorist entity

    Source: Government of Canada News (2)

    News release

    October 15, 2024 – Ottawa, Ontario

    Today, the Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs, announced that the Government of Canada has listed Samidoun, also known as the Palestinian Prisoner Solidarity Network, as a terrorist entity under the Criminal Code. The listing is in concert with U.S. Department of the Treasury’s announcement of the designation of Samidoun as a specially designated global terrorist (SDGT) though its Executive Order (E.O.) 13224.

    Samidoun has been listed as a terrorist entity by Germany. Samidoun has close links with and advances the interests of the Popular Front for the Liberation of Palestine (PFLP), which is a listed terrorist entity in Canada, the United States and the European Union.

    As a now-listed entity, the Samidoun meets the definition of a “terrorist group” under Canada’s Criminal Code. The Criminal Code prohibits certain actions in relation to terrorist groups, including those related to terrorist financing, travel and recruitment.  It means, for example, that it is a criminal offence for anyone in Canada and Canadians abroad to knowingly deal with property owned or controlled by a terrorist group, and that it is also an offence to directly or indirectly provide property knowing that it will be used by or benefit a terrorist group.

    Listing can also assist Canadian security, intelligence and law enforcement agencies to combat terrorism. The terrorist listings mechanism plays a key role in countering terrorist financing. 

    Quotes

    “Violent extremism, acts of terrorism or terrorist financing have no place in Canadian society or abroad. The listing of Samidoun as a terrorist entity under the Criminal Code sends a strong message that Canada will not tolerate this type of activity, and will do everything in its power to counter the ongoing threat to Canada’s national security and all people in Canada.”

    – The Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs

    Quick facts

    • There are several offences in the Criminal Code that address conduct in connection with terrorist groups. For example, the Criminal Code prohibits dealing in any property (including money) owned or controlled by terrorist groups or to provide any financial services (such as services offered by banks and money services business) for the benefit of or at the direction of a terrorist group.

    • With the addition of Samidoun, there are now 78 terrorist entities listed under the Criminal Code.

    • As Canada’s national police service, the RCMP is responsible for preventing, detecting and investigating terrorism-related criminal activities in Canada while respecting personal rights and freedoms. The RCMP investigates criminal activities by those who threaten the safety and security of Canadians. Listing is an important tool that supports criminal investigations and strengthens the RCMP’s ability to prevent and disrupt terrorist activity.

    Associated links

    Contacts

    Gabriel Brunet
    Press Secretary
    Office of the Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs
    819-665-6527
    gabriel.brunet@iga-aig.gc.ca

    Media Relations
    Public Safety Canada
    613-991-0657
    media@ps-sp.gc.ca

    MIL OSI Canada News –