Category: Economy

  • MIL-OSI: MEXC DEX+ Launches Triple Bonanza: Exclusive Triple Perks for Newcomers

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 27, 2025 (GLOBE NEWSWIRE) — MEXC DEX+, the leading decentralized trading platform, officially launched its “ Triple Bonanza” campaign on June 26. This campaign offers three exclusive rewards tailored for new users, aiming to further lower the barrier to crypto asset trading and encourage users to experience a new era of efficient, secure, and decentralized on-chain trading.

    As the industry’s first platform to deeply integrate the advantages of both decentralized exchanges (DEX) and centralized exchanges (CEX), MEXC DEX+ breaks traditional trading boundaries and delivers a seamless on-chain trading experience. The platform now supports six major trading pools and four popular blockchains, offering a diverse range of crypto assets. Users can enjoy CEX-level smoothness while trading on-chain. Additionally, MEXC DEX+ has introduced an innovative “Trade-to-List” mechanism, allowing standout tokens to be fast-tracked to the main board through the “Rising Stars” campaign based on trading volume. The system also enables full interoperability between DEX+ and CEX accounts and rewards, creating a closed-loop ecosystem from trading to value realization.

    The “Triple Bonanza” campaign is designed with low entry requirements and high returns to spark new user participation. Campaign details are as follows:

    • Eligibility: New users who complete a total deposit of ≥100 USDT (via platform deposit or direct transfer from external wallets to DEX+) and make their first trade within 7 days of initial deposit.
    • Three Exclusive Rewards:
      • Grand Debut: Complete a first trade of ≥100 USDT to receive a 20 USDT reward in SOL.
      • Rising Stars: Trade tokens listed in the MEXC DEX+ rankings for a chance to share in an exclusive 2,000 USDT reward pool for new users.
      • Airdrop Bonus: Claim a free airdrop with a 10x leveraged ETH futures bonus worth 5 USDT.
    • Campaign Period: June 25, 2025 – July 10, 2025
    • All rewards can be claimed cumulatively. New users can enjoy multiple incentives from their first trade and seamlessly integrate into the on-chain trading ecosystem.

    Looking ahead, MEXC DEX+ will continue to prioritize user needs, expand the boundaries of on-chain applications, and work hand-in-hand with users to explore more possibilities in decentralized finance.

    For full event details and participation rules, please visit here.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d9c9365b-7594-4e73-8156-33f10d83fd26

    The MIL Network

  • MIL-OSI: MEXC DEX+ Launches Triple Bonanza: Exclusive Triple Perks for Newcomers

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 27, 2025 (GLOBE NEWSWIRE) — MEXC DEX+, the leading decentralized trading platform, officially launched its “ Triple Bonanza” campaign on June 26. This campaign offers three exclusive rewards tailored for new users, aiming to further lower the barrier to crypto asset trading and encourage users to experience a new era of efficient, secure, and decentralized on-chain trading.

    As the industry’s first platform to deeply integrate the advantages of both decentralized exchanges (DEX) and centralized exchanges (CEX), MEXC DEX+ breaks traditional trading boundaries and delivers a seamless on-chain trading experience. The platform now supports six major trading pools and four popular blockchains, offering a diverse range of crypto assets. Users can enjoy CEX-level smoothness while trading on-chain. Additionally, MEXC DEX+ has introduced an innovative “Trade-to-List” mechanism, allowing standout tokens to be fast-tracked to the main board through the “Rising Stars” campaign based on trading volume. The system also enables full interoperability between DEX+ and CEX accounts and rewards, creating a closed-loop ecosystem from trading to value realization.

    The “Triple Bonanza” campaign is designed with low entry requirements and high returns to spark new user participation. Campaign details are as follows:

    • Eligibility: New users who complete a total deposit of ≥100 USDT (via platform deposit or direct transfer from external wallets to DEX+) and make their first trade within 7 days of initial deposit.
    • Three Exclusive Rewards:
      • Grand Debut: Complete a first trade of ≥100 USDT to receive a 20 USDT reward in SOL.
      • Rising Stars: Trade tokens listed in the MEXC DEX+ rankings for a chance to share in an exclusive 2,000 USDT reward pool for new users.
      • Airdrop Bonus: Claim a free airdrop with a 10x leveraged ETH futures bonus worth 5 USDT.
    • Campaign Period: June 25, 2025 – July 10, 2025
    • All rewards can be claimed cumulatively. New users can enjoy multiple incentives from their first trade and seamlessly integrate into the on-chain trading ecosystem.

    Looking ahead, MEXC DEX+ will continue to prioritize user needs, expand the boundaries of on-chain applications, and work hand-in-hand with users to explore more possibilities in decentralized finance.

    For full event details and participation rules, please visit here.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d9c9365b-7594-4e73-8156-33f10d83fd26

    The MIL Network

  • MIL-OSI United Nations: Ghana Charts Path for Ethical, Regular Labour Mobility at High-Level Dialogue

    Source: International Organization for Migration (IOM)

    Accra, 27 June 2025 – The Government of the Republic of Ghana, in collaboration with the International Organization for Migration (IOM) and the African Union Commission (AUC), convened a National Policy Dialogue on Labour Mobility Pathways aimed at turning the potential of labour migration into sustainable development outcomes.

    In 2019, more than 970,000 Ghanaians lived abroad, sending money home, sharing skills, and investing in the country. At the same time, Ghana hosted over 466,000 international migrants, mostly from countries in the Economic Community of West African States (ECOWAS), demonstrating its strong ties to the region’s labour market. With an active diaspora, a growing youth population, and strong regional partnerships, Ghana is well placed to use labour mobility to boost its economy and support development across West Africa.

    “The National Policy Dialogue on Labour Mobility pathways marks a historic milestone in our collective pursuit for safe, orderly, and regular migration pathways,” said Dr. Abdul Rashid Hassan Pelpuo, Minister, Labour Jobs and Employment. “This initiative will undoubtedly contribute to empowering people, bolstering economies, and advancing sustainable development aspirations.”

    The three-day discussions brought together senior policymakers, regional and international organizations, the World Bank, diaspora representatives, the private sector, civil society actors, migrants, and diplomatic missions of major destination countries for Ghanaian migrants to build a coordinated vision for safe, regular, and dignified labour mobility not only in Ghana but also across West and Central Africa. 

    “This dialogue comes at a critical time for Ghana and the region,” said Fatou Diallo Ndiaye, IOM Ghana Chief of Mission. “At a time when irregular migration continues to expose migrants to risks of exploitation and abuse, expanding regular migration pathways is both a humanitarian necessity and a development opportunity,” she added.

    As a Champion Country in the implementation of the Global Compact on Migration, Ghana continues to innovate and lead in providing protection to Ghanaians abroad, as well as migrants living in the country. In recent years, Ghana has aligned its legal policies with global and regional frameworks, including the AU Agenda 2063, the AU Migration Policy for Africa and key instruments such as the National Labour Migration Policy, the Human Trafficking Act, the Immigration Act, the National Migration Policy, and the Diaspora Engagement Policy.

    Ghana is also deepening international cooperation through the development of Bilateral Labour Migration Agreements (BLMAs) and Skills Mobility Partnerships with comprehensive support through the AU-IOM-ILO Joint Labour Migration Programme (JLMP), reinforcing its commitment to safe, regular, and mutually beneficial labour mobility.

    The High-Level Policy Dialogue identified key priorities, including stronger coordination among agencies and stakeholders, improved data sharing, and innovative approaches to labour mobility such as skills partnerships, complementary pathways, and schemes that combine education with work or protection.

    As labour markets evolve and migration dynamics shift across West and Central Africa, IOM remains committed to its role as a trusted convener, supporting governments, communities, and partners in co-creating solutions that ensure migration is safe, regular, and beneficial for all.

    The National Policy Dialogue on Labour Mobility Pathways in Ghana was implemented with support from the JLMP and funded by the Swiss Agency for Development Cooperation and the Swedish International Development Cooperation Agency.
     

    For more information, please visit IOM’s Media Centre. 

    MIL OSI United Nations News

  • MIL-OSI United Nations: Small businesses have everything to lose from disasters, and everything to offer in building resilience

    Source: UNISDR Disaster Risk Reduction

    When I reflect on my visits to disaster-affected areas over the past thirty years, certain images return again and again: a small poultry farm flattened by the strong winds of a cyclone, scattered with the bodies of lifeless birds; a flattened betel nut plantation facing six months of toil to regain production capacity; a local musical instrument maker whose entire inventory, tools and workshop lay crushed under rubble after an earthquake.

    Technically, the owners of these small and micro-enterprises are neither below poverty line nor considered amongst the “most vulnerable.” Yet even the mildest economic disruption can push them into poverty.

    On the edge of insolvency

    In the aftermath of disasters, micro-, small and medium-sized enterprises (MSMEs) often face crippling disruptions to local markets and supply chains, disrupting their ability to operate. Many of them use borrowed capital, and the interruption of business only exacerbates their debt burden, pushing them closer to insolvency.

    Despite the scale of economic loss and closure among MSMEs following disasters, they have little access to recovery finance, whether in the form of affordable credit or assistance from government and relief agencies. This widespread collapse of micro- and small businesses remains under-recognized, despite the long-term consequences for local employment and economic recovery.

    Policy blind spot

    A fundamental problem lies in how these enterprises are positioned within post-disaster frameworks. Assistance tends to focus on households and public infrastructure, and few norms exist for assistance to MSMEs – even defining such norms would be complicated, given the varied nature of these enterprises.

    They are often not considered poor enough to qualify for social protection schemes, yet they lack the financial capacity to afford commercial insurance products. This leaves them in a policy blind spot.

    Yet, when MSMEs do begin to recover, their communities do too. They create jobs, they stimulate local markets, they restore confidence, and instill a sense of agency.

    In short, the resilience of MSMEs is a building block of community resilience.

    Five action points for business resilience

    Today, on Micro-, Small and Medium-sized Enterprises Day, I take the opportunity to propose a five-point agenda for the resilience of MSMEs in the face of disaster risk.

    The agenda reflects the lived reality of MSMEs. An overwhelming majority in developing and high-risk settings operate in the informal sector – unregistered, unaccounted for, and uninsured. Many are in the micro and nano categories, often operating within cash economies, with minimal savings or access to credit – but nonetheless they are often the economic backbones of their communities. The most vulnerable are frequently women-led local enterprises.

    • First, we need to work with formal and informal local MSME associations to develop accessible tools for risk self-assessment – both for physical disaster risks, and the financial risks they trigger. These tools should help MSMEs assess the risks to their own businesses and to all those who depend on them for their livelihood.
    • Second, we need a suite of solutions to reduce the risks identified by the assessments. This toolkit should be coupled with access to affordable finance so MSMEs can implement resilience measures in a prioritized and graded manner.
    • Third, we should create locally appropriate risk-transfer solutions. This may require aggregation across a large number of enterprises, and perhaps even the creation of risk pools.
    • Fourth, disaster recovery finance systems must include provisions for support to MSMEs – through a judicious combination of grants and low-interest loans.
    • Fifth, MSME owners should be given a clear role in developing and implementing local level disaster risk reduction and recovery strategies. In post-disaster recovery, MSMEs should be encouraged to create new and more robust livelihood opportunities in their communities. The notion of “building back better” should apply to creating more resilient MSMEs after disasters. In the broader disaster risk reduction discourse, locally-led approaches are gaining prominence. MSMEs should be leading these approaches.

    We can harness innovation

    Across all five of these actions, emerging digital technologies and innovative insurance models can play a catalytic role – while opening business opportunities for resilience-focused entrepreneurs.

    From digital payments and financial inclusion to participatory mapping and localized risk assessments, new digital tools could help bring informal and under-served enterprises into resilience-building frameworks – and ensure they are seen, supported, and strengthened before the next crisis hits.

    MSMEs need access to group-based, subsidized insurance models that pool risk across similar enterprises to reduce premiums. Governments could actively promote and enable such group-based insurance mechanisms, tailored for MSMEs, to support business continuity and faster recovery in the face of disasters.

    In most regions of the developing world, there is little availability of smaller scale property insurance; and where they exist, policy structures usually fail to reward risk reduction. Insurance offers should provide incentives for investment in risk reduction (like strengthening business premises against cyclones) with lower premiums.

    Parametric insurance schemes – which pay out on a pre-agreed threshold (such as storm strength) – have been shown to be successful in eliminating costly loss assessments, payout delays and disputes, providing innovative and responsive solutions for MSMEs and other small-scale policy holders.

    A network for resilient businesses

    For the past 15 years, UNDRR has been supporting a global community of MSMEs who prioritize disaster risk reduction through the ARISE Network. Network members have demonstrated remarkable innovation to address disaster risk in their enterprises.

    It is important that we further strengthen and expand such efforts to help the small businesses that are so vulnerable to disasters, but who can offer so much in building resilience for their communities.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Informed financing for a riskier future: Building resilience in the age of extremes

    Source: UNISDR Disaster Risk Reduction

    Time

    8:30 – 10:00 am (CET)

    About

    This high-level event will highlight the urgency of risk-informed financial governance, and foster dialogue among key stakeholders on how to scale up support for countries most in need for the implementation of the International Conference on Financing for Development (FFD4) outcome. The event will:

    1. Promote the integration of disaster and climate risk into national planning and budgeting, with regards to SDG-aligned frameworks including Integrated National Financing Frameworks (INFFs).

    2. Share good practices and success stories from governments, financial institutions, and development partners;

    3. Present the goals, structure, and expected impact of an initiative to support developing countries as they establish national financial systems for DRR, and explore opportunities for collaboration and resource mobilization;

    Background

    The 4th International Conference on Financing for Development (FFD4), is scheduled to take place from 30 June to 3 July 2025 in FIBES Sevilla Exhibition and Conference Centre, Spain.

    FFD4 aspires to build a renewed global financing framework that will unlock greater volumes of capital at a lower cost. In Sevilla, and through a renewed global financing framework, leaders are taking action to deliver an SDG investment push and to reform the international financial architecture to enable the transformative change that the world urgently needs.

    MIL OSI United Nations News

  • MIL-OSI China: Chinese premier meets Senegal’s counterpart

    Source: People’s Republic of China – State Council News

    BEIJING, June 27 — Chinese Premier Li Qiang met with Prime Minister of Senegal Ousmane Sonko in Beijing on Friday.

    Li said over the years, China and Senegal have respected each other, treated each other as equals, and carried out mutually beneficial cooperation in a sincere and friendly manner, achieving fruitful results.

    China is willing to enhance solidarity and cooperation with Senegal, continue two-way support, expand practical cooperation, and firmly walk hand in hand on the road to modernization, he said.

    Li noted that China stands ready to strengthen the docking of development strategies with Senegal, promote the quality and efficiency of cooperation in various fields, and continuously enhance the internal impetus for development.

    He called on both sides to make good use of trade and investment facilitation measures, expand the scale of bilateral trade, and explore cooperation potential in areas such as agricultural product processing, industrial parks, new energy, digital economy and information security.

    China encourages Chinese enterprises to invest and start businesses in Senegal, welcomes Senegalese enterprises making good use of platforms such as the China International Import Expo to enhance the promotion of their products in the Chinese market, Li said.

    Noting that 2026 is the China-Africa Year of People-to-People Exchanges, Li said China is willing to work with Senegal to successfully hold a series of activities, deepen exchanges in culture, media, and think tanks and better promote mutual understanding and friendship between the two peoples.

    Sonko said Senegal admires the tremendous achievements made in China’s economic and social development and sincerely appreciates China for the vigorous assistance it has provided to Senegal over a long period of time.

    Senegal is willing to maintain close high-level exchanges with China, promote cooperation on economy and trade, energy and mineral resources, finance, and agriculture under the framework of the Belt and Road Initiative, and deepen people-to-people exchanges, Sonko said.

    Sonko said Senegal looks forward to working with China to strengthen multilateral communication and cooperation, safeguard multilateralism and international fairness and justice, and protect the common interests of the Global South.

    MIL OSI China News

  • MIL-OSI China: Chinese premier meets Senegal’s counterpart

    Source: People’s Republic of China – State Council News

    BEIJING, June 27 — Chinese Premier Li Qiang met with Prime Minister of Senegal Ousmane Sonko in Beijing on Friday.

    Li said over the years, China and Senegal have respected each other, treated each other as equals, and carried out mutually beneficial cooperation in a sincere and friendly manner, achieving fruitful results.

    China is willing to enhance solidarity and cooperation with Senegal, continue two-way support, expand practical cooperation, and firmly walk hand in hand on the road to modernization, he said.

    Li noted that China stands ready to strengthen the docking of development strategies with Senegal, promote the quality and efficiency of cooperation in various fields, and continuously enhance the internal impetus for development.

    He called on both sides to make good use of trade and investment facilitation measures, expand the scale of bilateral trade, and explore cooperation potential in areas such as agricultural product processing, industrial parks, new energy, digital economy and information security.

    China encourages Chinese enterprises to invest and start businesses in Senegal, welcomes Senegalese enterprises making good use of platforms such as the China International Import Expo to enhance the promotion of their products in the Chinese market, Li said.

    Noting that 2026 is the China-Africa Year of People-to-People Exchanges, Li said China is willing to work with Senegal to successfully hold a series of activities, deepen exchanges in culture, media, and think tanks and better promote mutual understanding and friendship between the two peoples.

    Sonko said Senegal admires the tremendous achievements made in China’s economic and social development and sincerely appreciates China for the vigorous assistance it has provided to Senegal over a long period of time.

    Senegal is willing to maintain close high-level exchanges with China, promote cooperation on economy and trade, energy and mineral resources, finance, and agriculture under the framework of the Belt and Road Initiative, and deepen people-to-people exchanges, Sonko said.

    Sonko said Senegal looks forward to working with China to strengthen multilateral communication and cooperation, safeguard multilateralism and international fairness and justice, and protect the common interests of the Global South.

    MIL OSI China News

  • MIL-OSI Europe: OLAF contributes to the uncovering of a €700 million fraud scheme with EPPO

    Source: European Anti-Fraud Offfice

    Press release no 17/2025
    PDF version 

    The European Anti-Fraud Office (OLAF) has played a key role in supporting the European Public Prosecutor’s Office (EPPO) in its criminal investigation codenamed “Calypso”, which targeted a complex scheme involving the fraudulent import of textiles, footwear, e-scooters, e-bikes, and other goods into the European Union. The investigation has already led to multiple raids across several EU Member States, with estimated damages amounting to approximately €700 million in evaded import duties and VAT.

    OLAF carries out EU-wide administrative investigations by combining operational activities with advanced data analysis, digital tools, and systematic information exchange with customs authorities across EU Member States and third countries. This coordinated approach is further strengthened by the expertise provided by the EU industry.

    By leveraging all these resources, OLAF is able to detect patterns of potential fraud and irregularities. It then alerts the relevant customs authorities so they can implement targeted controls, preventive measures, and corrective actions to disrupt fraudulent activities and safeguard the EU’s financial interests.

    OLAF conducted a comprehensive analysis of trade flows of e-bikes previously identified as suspected of being illegally introduced into EU. OLAF also conducted a detailed examination of sales activities on online platforms, marketing e-bike brands suspected of being linked to customs fraud.

    This analytical work enabled OLAF to trace the distribution chain and identify multiple warehouses used to supply e-bikes to consumers across the EU. Coordinated inspections carried out by OLAF and customs authorities of EU Member States resulted in the seizure of a significant number of electric bicycles in several EU countries. For a number of consignments, links could be made with the Port of Piraeus in Greece. 

    OLAF was able to establish the amounts of import duties and VAT evaded in the EU to facilitate the administrative recovery and the adoption of possible precautionary measures. OLAF reported this modus operandi to the European Public Prosecutor’s Office (EPPO) and provided extensive documentary evidence indicating possible criminal acts for further investigation.

    “This case shows how administrative and criminal investigations can work hand in hand to protect the EU’s financial interests,” said Ville Itälä, Director-General of OLAF. “OLAF’s ability to analyse trade patterns and detect fraud risks across borders was key to uncovering this network. It is a strong example of the results we can achieve through cooperation.”

    Read the press release of the EPPO

    OLAF mission, mandate and competences:
    OLAF’s mission is to detect, investigate and stop fraud with EU funds.    

    OLAF fulfils its mission by:
    •    carrying out independent investigations into fraud and corruption involving EU funds, so as to ensure that all EU taxpayers’ money reaches projects that can create jobs and growth in Europe;
    •    contributing to strengthening citizens’ trust in the EU Institutions by investigating serious misconduct by EU staff and members of the EU Institutions;
    •    developing a sound EU anti-fraud policy.

    In its independent investigative function, OLAF can investigate matters relating to fraud, corruption and other offences affecting the EU financial interests concerning:
    •    all EU expenditure: the main spending categories are Structural Funds, agricultural policy and rural development funds, direct expenditure and external aid;
    •    some areas of EU revenue, mainly customs duties;
    •    suspicions of serious misconduct by EU staff and members of the EU institutions.

    Once OLAF has completed its investigation, it is for the competent EU and national authorities to examine and decide on the follow-up of OLAF’s recommendations. All persons concerned are presumed to be innocent until proven guilty in a competent national or EU court of law.

    For further details:

    Pierluigi CATERINO
    Spokesperson
    European Anti-Fraud Office (OLAF)
    Phone: +32(0)2 29-52335  
    Email: olaf-media ec [dot] europa [dot] eu (olaf-media[at]ec[dot]europa[dot]eu)
    https://anti-fraud.ec.europa.eu
    LinkedIn: European Anti-Fraud Office (OLAF)
    X: x.com/EUAntiFraud
    Bluesky: euantifraud.bsky.social

    If you’re a journalist and you wish to receive our press releases in your inbox, please leave us your contact data.
     

    MIL OSI Europe News

  • MIL-OSI Europe: OLAF contributes to the uncovering of a €700 million fraud scheme with EPPO

    Source: European Anti-Fraud Offfice

    Press release no 17/2025
    PDF version 

    The European Anti-Fraud Office (OLAF) has played a key role in supporting the European Public Prosecutor’s Office (EPPO) in its criminal investigation codenamed “Calypso”, which targeted a complex scheme involving the fraudulent import of textiles, footwear, e-scooters, e-bikes, and other goods into the European Union. The investigation has already led to multiple raids across several EU Member States, with estimated damages amounting to approximately €700 million in evaded import duties and VAT.

    OLAF carries out EU-wide administrative investigations by combining operational activities with advanced data analysis, digital tools, and systematic information exchange with customs authorities across EU Member States and third countries. This coordinated approach is further strengthened by the expertise provided by the EU industry.

    By leveraging all these resources, OLAF is able to detect patterns of potential fraud and irregularities. It then alerts the relevant customs authorities so they can implement targeted controls, preventive measures, and corrective actions to disrupt fraudulent activities and safeguard the EU’s financial interests.

    OLAF conducted a comprehensive analysis of trade flows of e-bikes previously identified as suspected of being illegally introduced into EU. OLAF also conducted a detailed examination of sales activities on online platforms, marketing e-bike brands suspected of being linked to customs fraud.

    This analytical work enabled OLAF to trace the distribution chain and identify multiple warehouses used to supply e-bikes to consumers across the EU. Coordinated inspections carried out by OLAF and customs authorities of EU Member States resulted in the seizure of a significant number of electric bicycles in several EU countries. For a number of consignments, links could be made with the Port of Piraeus in Greece. 

    OLAF was able to establish the amounts of import duties and VAT evaded in the EU to facilitate the administrative recovery and the adoption of possible precautionary measures. OLAF reported this modus operandi to the European Public Prosecutor’s Office (EPPO) and provided extensive documentary evidence indicating possible criminal acts for further investigation.

    “This case shows how administrative and criminal investigations can work hand in hand to protect the EU’s financial interests,” said Ville Itälä, Director-General of OLAF. “OLAF’s ability to analyse trade patterns and detect fraud risks across borders was key to uncovering this network. It is a strong example of the results we can achieve through cooperation.”

    Read the press release of the EPPO

    OLAF mission, mandate and competences:
    OLAF’s mission is to detect, investigate and stop fraud with EU funds.    

    OLAF fulfils its mission by:
    •    carrying out independent investigations into fraud and corruption involving EU funds, so as to ensure that all EU taxpayers’ money reaches projects that can create jobs and growth in Europe;
    •    contributing to strengthening citizens’ trust in the EU Institutions by investigating serious misconduct by EU staff and members of the EU Institutions;
    •    developing a sound EU anti-fraud policy.

    In its independent investigative function, OLAF can investigate matters relating to fraud, corruption and other offences affecting the EU financial interests concerning:
    •    all EU expenditure: the main spending categories are Structural Funds, agricultural policy and rural development funds, direct expenditure and external aid;
    •    some areas of EU revenue, mainly customs duties;
    •    suspicions of serious misconduct by EU staff and members of the EU institutions.

    Once OLAF has completed its investigation, it is for the competent EU and national authorities to examine and decide on the follow-up of OLAF’s recommendations. All persons concerned are presumed to be innocent until proven guilty in a competent national or EU court of law.

    For further details:

    Pierluigi CATERINO
    Spokesperson
    European Anti-Fraud Office (OLAF)
    Phone: +32(0)2 29-52335  
    Email: olaf-media ec [dot] europa [dot] eu (olaf-media[at]ec[dot]europa[dot]eu)
    https://anti-fraud.ec.europa.eu
    LinkedIn: European Anti-Fraud Office (OLAF)
    X: x.com/EUAntiFraud
    Bluesky: euantifraud.bsky.social

    If you’re a journalist and you wish to receive our press releases in your inbox, please leave us your contact data.
     

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: FSTB and SFC launch consultation on legislative proposals for regulating digital asset dealing and custodian services

    Source: Hong Kong Government special administrative region

         The Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) today (June 27) launched a joint public consultation on the legislative proposals for establishing licensing regimes for digital asset (DA) (referred to as “virtual asset” in the consultation document) (Note) dealing and custodian service providers. The public consultation will last for two months until August 29, 2025.

         To promote the sustainable development of Hong Kong’s DA ecosystem while protecting investors and managing risks, the Government and financial regulators have been closely monitoring market developments and maintaining dialogue with industry stakeholders to continuously review and enhance Hong Kong’s regulatory framework for DA activities.* Licensing Regime for DA Custodian Service Providers: vacustody-consult@fstb.gov.hk 

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: President Lai confers decoration on former Japan-Taiwan Exchange Association Chairman Ohashi Mitsuo

    Source: Republic of China Taiwan

    Details
    2025-06-25
    President Lai meets Japan’s former Economic Security Minister Kobayashi Takayuki
    On the afternoon of June 25, President Lai Ching-te met with Kobayashi Takayuki, Japan’s former economic security minister and a current member of the House of Representatives. In remarks, President Lai expressed hope to combine the strengths of the democratic community to build resilient, reliable non-red supply chains, and ensure a resilient global economy and sustainable development. He also expressed hope that Taiwan and Japan can bring about the early signing of an economic partnership agreement (EPA), and that Japan will continue supporting Taiwan’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), enhancing our own bilateral partnership, as doing so would create win-win situations and further contribute to regional economic security and stability. The following is a translation of President Lai’s remarks: I welcome Representative Kobayashi back to Taiwan for another visit after seven years. During his last visit, he was with a delegation from the Liberal Democratic Party (LDP) Youth Division, and we met at the Executive Yuan. I am very happy to see him again today. Representative Kobayashi has long paid close attention to matters involving economic security, technological innovation, and aerospace policy. He also made a stunning debut in last year’s LDP presidential election, showing that he is truly a rising star and an influential figure in the political sphere. With this visit, Representative Kobayashi is demonstrating support for Taiwan with concrete action, which is very meaningful. Taiwan and Japan are both part of the first island chain’s key line of defense. We thank the many Japanese prime ministers, including former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as current Prime Minister Ishiba Shigeru, for the many times they have highlighted the importance of peace and stability in the Taiwan Strait at important international venues, and for expressing opposition to the use of force or coercion to unilaterally change the status quo in the Taiwan Strait. I hope that Taiwan and Japan can engage in more cooperation and exchanges to promote peace and prosperity in the Indo-Pacific region in all aspects. In particular, China in recent years has been actively expanding its red supply chains, which threaten the global free trade system and advanced technology markets. Taiwan hopes to combine the strengths of the democratic community to build resilient, reliable non-red supply chains. In the semiconductor industry, for example, Taiwan has excellent advanced manufacturing capabilities, while Japan plays an important role in materials, equipment, and key technologies. I am confident that, given the experience that Taiwan and Japan have in cooperating, we can build an industrial supply chain composed of democratic nations to ensure a resilient global economy and sustainable development. I hope that Taiwan and Japan can bring about the early signing of an EPA in order to deepen our bilateral trade and investment exchanges and cooperation. I also hope that Japan will continue supporting Taiwan’s bid to join the CPTPP, enhancing our own bilateral partnership, as doing so would create win-win situations and further contribute to regional economic security and stability. Taiwan and Japan are democratic partners that share the values of freedom, democracy, and respect for human rights. I firmly believe that so long as we work together, we can certainly address the challenges posed by authoritarianism, and bring prosperity and development to the Indo-Pacific region. In closing, I welcome Representative Kobayashi once again. I am certain that this visit will help enhance Taiwan-Japan exchanges and deepen our friendship. Representative Kobayashi then delivered remarks, first thanking President Lai for taking the time to meet with him, and noting that this was his second visit to Taiwan following a trip seven years prior, when he came with his good friend from college and then-Director of the LDP Youth Division Suzuki Keisuke, now Japan’s minister of justice. Representative Kobayashi mentioned a Japanese kanji that he is very fond of – 絆 (kizuna) – which means “deep ties of friendship.” He emphasized that a key purpose of this visit to Taiwan was to reiterate the deep ties of friendship between Taiwan and Japan. In addition to deep historical ties, he said, Taiwan and Japan also enjoy a like-minded partnership in terms of economic, personnel, and friendship-oriented exchanges. He went on to say that at the strategic level, Taiwan and Japan also have deep ties of friendship, and that for Japan, it is strategically important that Taiwan not be isolated under any circumstances. Representative Kobayashi emphasized that cooperation between Taiwan and Japan, and even cooperation among Taiwan, Japan, and the United States, are more important now than ever, and that another important focus of this visit is the non-red supply chains referred to earlier by President Lai. He said that as Japan’s first economic security minister and the person currently in charge of the LDP’s policy on economic security, he is acutely aware of the important impact of economic security on national interests, and therefore looks forward to further exchanging views regarding Taiwan’s concrete steps to build non-red supply chains. The delegation was accompanied to the Presidential Office by Japan-Taiwan Exchange Association Deputy Representative Takaba Yo.

    Details
    2025-06-16
    President Lai meets delegation led by Representative Bera, co-chair of US Congressional Taiwan Caucus
    On the morning of June 16, President Lai Ching-te met with a delegation led by Representative Ami Bera, co-chair of the US Congressional Taiwan Caucus. In remarks, President Lai thanked the representatives in Congress for actively voicing support for Taiwan and proposing numerous Taiwan-friendly initiatives to strengthen Taiwan-US ties, helping expand Taiwan’s international space and continuing to place focus on peace and stability across the Taiwan Strait. The president said that we will continue to strengthen bilateral investment and industrial cooperation and create a more comprehensive environment for economic and trade exchanges to jointly enhance economic and developmental resilience. A translation of President Lai’s remarks follows: I am delighted to meet with the delegation and welcome Congressman Bera back to the Presidential Office. Last January, he visited after the presidential election, demonstrating the steadfast backing of the US Congress for democratic Taiwan. This time, as head of a delegation of new members of the House Armed Services Committee and the Foreign Affairs Committee, he is continuing to foster US congressional support for Taiwan. On behalf of the people of Taiwan, I extend a sincere welcome to Congressman Bera and all our esteemed guests. Over the years, staunch bipartisan US congressional backing of Taiwan has been a key force for steadily advancing our bilateral relations. I thank the representatives in Congress for actively voicing support for Taiwan and proposing numerous Taiwan-friendly initiatives, thereby strengthening Taiwan-US ties, helping expand Taiwan’s international space, and continuing to place focus on peace and stability across the Taiwan Strait. I want to emphasize that Taiwan has an unwavering determination to safeguard peace and stability in the Indo-Pacific region. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience and accelerate reform of national defense. The government is also prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP this year. I hope that Taiwan-US security cooperation will evolve beyond military procurement to a partnership that encompasses joint research and development and joint production, further strengthening cooperation and exchange in the defense industry. Regarding industrial exchanges, last month, Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Minister of Economic Affairs Kuo Jyh-huei (郭智輝) each visited Texas to see firsthand Taiwan-US collaboration in AI and semiconductors. And the delegation led by Executive Yuan Secretary-General Kung Ming-hsin (龔明鑫) sent by Taiwan to this year’s SelectUSA Investment Summit in Washington, DC, was again the largest of those attending. All of this demonstrates Taiwan’s commitment to working alongside the US to create mutual prosperity. In the future, we will continue to strengthen bilateral investment and industrial cooperation. And I hope that the legislation addressing the issue of Taiwan-US double taxation will become law this year. I want to thank Congressman Bera for co-leading a joint letter last November signed by over 100 members of Congress calling for such legislation. I believe that by creating a more comprehensive environment for economic and trade exchanges, Taiwan and the US can enhance economic and developmental resilience. In closing, I thank you all for making the long journey here to advance Taiwan-US relations. Let us continue working together to promote the prosperous development of this important partnership. Congressman Bera then delivered remarks, saying that on behalf of the delegation, it is an honor for him to be here once again, it being last January that he and Congressman Mario Díaz-Balart visited and congratulated President Lai on his election victory, noting that theirs was the first congressional delegation to do so. Congressman Bera said that this is an important time, not just for the US and Taiwan relationship, but for all relationships around the world. When we look at conflicts in Europe and in the Middle East, he said, it is incumbent upon democracies to hold the peace in Asia. He emphasized that is why it is important for them to bring a delegation of members of the Foreign Affairs Committee and the Armed Services Committee, adding that he believes for all of them it is their first trip to Taiwan.  Congressman Bera said that while this is a delegation of Democratic members of Congress, in a bipartisan way all of Congress continues to support the people of Taiwan. As such, in this visit he brings support from his co-chairs on the Taiwan caucus, Congressman Díaz-Balart and Congressman Andy Barr. He also took a moment to recognize the passing of Congressman Gerald Connolly, who was a longtime friend of Taiwan and one of their co-chairs on the caucus. Congressman Bera mentioned that there is always a special bond between himself and President Lai because they are both doctors, and as doctors, their profession is about healing, keeping the peace, and making sure everybody has a bright, prosperous future. In closing, he highlighted that it is in that spirit that their delegation visits with the president. The delegation also included members of the US Congress Gabe Amo, Wesley Bell, Julie Johnson, Sarah McBride, and Johnny Olszewski.

    Details
    2025-06-13
    President Lai meets delegation led by French National Assembly Taiwan Friendship Group Chair Marie-Noëlle Battistel
    On the morning of June 12, President Lai Ching-te met a delegation led by Marie-Noëlle Battistel, chair of the French National Assembly’s Taiwan Friendship Group. In remarks, President Lai thanked the National Assembly for its long-term support for Taiwan’s international participation and for upholding security in the Taiwan Strait, helping make France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. The president also said that exchanges and cooperation between Taiwan and France are becoming more frequent, and that he hopes this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations and help build closer partnerships in the economy, trade, energy, and digital security.  A translation of President Lai’s remarks follows: First, I would like to welcome Chair Battistel, who is once again leading a visiting delegation. Last year, Chair Battistel co-led a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao. This is her fourth visit, and first as chair of the Taiwan Friendship Group, which makes it especially meaningful. This delegation’s visit demonstrates strong support for Taiwan, and on behalf of the people of Taiwan, I want to express my sincerest welcome and thanks. France is a pioneer in promoting free and democratic values. These are values that Taiwan cherishes and is working hard to defend. I want to express gratitude to the French Parliament for their long-term support for Taiwan’s international participation, and for upholding security in the Taiwan Strait. The French Parliament’s two chambers have continued to strongly support Taiwan, with the passage of a resolution supporting Taiwan’s participation in international organizations in 2021, as well as the passage of the seven-year Military Programming Law in 2023. This has made France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. Through it all, the Taiwan Friendship Group has played a key role, and I want to thank all of our distinguished guests for their efforts. Over the past few years, Taiwan and France have continued to deepen cooperation in areas including the economy, technology, culture, and sports. At the Choose France summit held in Paris last month, Taiwanese and French enterprises also announced they will launch cooperation in the semiconductor and satellite fields. The VivaTech startup exhibition, now being held in France, also has many Taiwanese vendors participating. Exchanges and cooperation between Taiwan and France, whether official or people-to-people, are becoming more and more frequent. I hope that this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations, building closer partnerships in the economy, trade, energy, and digital security.  To address current geopolitical and economic challenges, Taiwan will continue to join forces with France and other like-minded countries to jointly safeguard peace and stability in the Indo-Pacific region, and contribute our concerted efforts to global prosperity and development. Once again, I want to welcome our visitors to Taiwan. I hope to continue our joint efforts to create a more prosperous future for both Taiwan and France.   Chair Battistel then delivered remarks, thanking President Lai for extending this invitation. Last year on May 20, she said, she and her delegation attended the presidential inauguration ceremony, so she was delighted to visit Taiwan once again with the French National Assembly’s Taiwan Friendship Group and bear witness to their friendship with Taiwan. Chair Battistel noted that this visit has given them an opportunity to strengthen Taiwan-France relations in areas including the economy, culture, the humanities, and diplomacy, and conduct exchanges with numerous heads of government agencies and research institutes. It has also been an opportunity, she said, to witness the importance of exchanges and cooperation with Taiwan in areas including energy, semiconductors, youth, and culture, and the impact created by important issues of mutual concern, including AI and disinformation, on the security of many countries. Chair Battistel praised Taiwan for its youth development efforts, and said that under the Taiwan Global Pathfinders Initiative, 30 Taiwanese young people have embarked on a visit to France, with itineraries including the United Nations Ocean Conference and the VivaTech exhibition, as well as the city of Toulouse, which is strategically important for the aerospace industry. Members of the group are also conducting exchanges at the French National Assembly, she said.  Chair Battistel stated that the Taiwan-France partnership is growing closer, and that she hopes to continue to strengthen bilateral exchanges and cooperation, as supporting peace for Taiwan supports peace around the world.  The delegation also included Taiwan Friendship Group Vice Chair Éric Martineau, as well as National Assembly Committee on Foreign Affairs Vice Chair Laetitia Saint-Paul and Deputies Marie-José Allemand and Claudia Rouaux. The delegation was accompanied to the Presidential Office by French Office in Taipei Deputy Director Cléa Le Cardeur.

    Details
    2025-06-05
    President Lai hosts state banquet for President Bernardo Arévalo of Republic of Guatemala  
    At noon on June 5, President Lai Ching-te hosted a state banquet at the Presidential Office for President Bernardo Arévalo of the Republic of Guatemala and his wife. In his remarks, President Lai noted that Taiwan and Guatemala have both undergone an arduous democratization process, and therefore, in face of the continuous expansion of authoritarian influence, must join hands in brotherhood and come together in solidarity to safeguard our hard-earned freedom and democracy. President Lai also expressed hope that both countries will work together and continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. A translation of President Lai’s remarks follows: Once again, I would like to offer a warm welcome to President Arévalo and First Lady Lucrecia Peinado, who are leading this delegation to Taiwan. President Arévalo’s previous visit to Taiwan was 31 years ago. Back then, Taiwan did not have direct presidential elections, and the nation was continuing to make progress toward democratization. Today, 31 years later, Taiwan has conducted direct presidential elections eight times, with three transfers of power between political parties. On this visit, I am sure that President Arévalo will gain a deep appreciation for Taiwan’s free and democratic atmosphere.  Taiwan and Guatemala have both undergone an arduous democratization process. A little over 200 years ago, the people of Guatemala took a stand against colonial oppression, seeking national dignity and the freedom of its people. Eighty-one years ago, President Arévalo’s father, Juan José Arévalo, became Guatemala’s first democratically elected president, establishing an important foundation for subsequent democratic development.  Our two peoples have democracy in their blood. Both know the value of freedom and democracy and are willing to take a stand for those values. Therefore, in face of the continuous expansion of authoritarian influence, our two countries must join hands in brotherhood to respond to threats and challenges, and come together in solidarity to safeguard our hard-earned freedom and democracy. I hope that both countries will work together to continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. I hope that on this visit, in addition to gaining a deeper understanding of Taiwan’s political, economic, and social development, President Arévalo can also reacquaint himself with the democratic vitality and cultural diversity of Taiwan by sampling various gourmet delicacies and once again experiencing the beauty of our scenery and warmth of our people. Guatemala is a very beautiful country. In the future, I hope to have a chance to personally experience that beauty, explore Mayan civilization, and savor local Guatemalan coffee. In closing, I wish the visiting delegation a smooth and successful trip, and beautiful, unforgettable memories. May President Arévalo enjoy the best of health, and may the diplomatic friendship between our two countries endure. President Arévalo then delivered remarks, stating that at different times and by different means, the people of Taiwan and Guatemala have relentlessly sought to defend freedom and democracy. We share the same expectations, he said, and are walking the right path amid today’s complex international circumstances.  President Arévalo stated that Taiwan and Guatemala are true democratic nations, where the government’s goal is to serve all the people. He noted that this is far from easy under current circumstances, as many authoritarian regimes use their long-term hold on power to safeguard the interests of select groups and neglect the wellbeing of the population as a whole. President Arévalo said that last week Guatemala commemorated the 40th anniversary of its constitution, which was enacted in 1985 and is Guatemala’s ultimate guide, setting the foundation for democracy and clearly outlining the path ahead. He said that over the past 40 years, Guatemala has continued to follow the democratic blueprint established by the constitution and end the civil war so that the nation could make the transition to real democracy. Although more than a few ambitious people have attempted to destroy that process from within, he noted, the people of Guatemala have never given up the pursuit of democracy as an ideal. President Arévalo stated that our two sides’ coming together here is due to such shared values as freedom and democracy as well as the idea of serving all the people. He underlined that the governments of both countries will continue to work hard and provide mutual support to smooth out each other’s path of democracy, freedom, and justice. President Arévalo emphasized that the government of Guatemala will always be Taiwan’s ally, and that he firmly believes Taiwan is Guatemala’s most reliable partner on the path of democracy and economic prosperity and development. The president said he hopes this visit will be the first step towards setting a new course for the governments and peoples of both countries. Also in attendance at the banquet were Guatemala Minister of Foreign Affairs Carlos Ramiro Martínez, Minister of the Economy Gabriela García, and Guatemala Ambassador Luis Raúl Estévez López.  

    Details
    2025-06-05
    President Lai welcomes President Bernardo Arévalo of Republic of Guatemala with military honors  
    On the morning of June 5, President Lai Ching-te welcomed with full military honors President Bernardo Arévalo of the Republic of Guatemala and his wife, who are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. In remarks, President Lai noted that over the past few years, bilateral cooperation between Taiwan and Guatemala has grown closer and more diverse, and said that moving forward, based on a foundation of mutual assistance for mutual benefit, we will continue to promote programs in line with international trends, spurring prosperity and development in both our nations. The military honors ceremony began at 10:30 a.m. in the Entrance Hall of the Presidential Office. After a 21-gun salute and the playing of the two countries’ national anthems, President Lai and President Arévalo each delivered remarks. A translation of President Lai’s remarks follows: Today, President Arévalo and First Lady Lucrecia Peinado are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. On behalf of the people and government of the Republic of China (Taiwan), I want to extend my sincerest welcome. Last year, our two countries celebrated the 90th anniversary of diplomatic ties, providing mutual support all along the way. Especially over the past few years, bilateral cooperation has grown closer and more diverse. We have a long record of remarkable results, whether in terms of medicine and public health, education and culture, technological cooperation, or economic and trade exchanges. Moving forward, based on a foundation of mutual assistance for mutual benefit, Taiwan and Guatemala will continue to promote programs in line with international trends. We will continue to strengthen exchange and cooperation for young people, as well as scholarship programs, and actively cultivate high-tech and information and communications technology industry talent, spurring prosperity and development in both our nations. Although separated by a great distance, the peoples of both countries are closely connected by their ideals and values. I am confident that with President Arévalo’s support, bilateral exchanges and cooperation will become closer and more diverse, beginning a very promising new chapter. I wish the visiting delegation a smooth and successful trip. President Arévalo then delivered remarks, saying that on behalf of the government and people of Guatemala, he is honored to visit the Republic of China (Taiwan), this beautiful nation, and to receive full military honors, which reflects the mutual respect between our two nations as well as our solid friendship. Especially as this state visit comes as we celebrate 90 years of formal diplomatic ties, he said, he has brought the foreign minister, economics minister, private secretary to the president, and social communication secretary as members of his delegation, in the hope of our ties embarking on a new chapter. President Arévalo said that Guatemala-Taiwan ties have in recent years been growing steadily on a foundation of mutual understanding and cooperation, making significant progress, and that our peoples have also cultivated sincere friendships and cooperative relationships across many fields. Our nations are especially promoting public health, education, agricultural technology, and infrastructure, he said, key fields which are conducive to economic and social development. He expressed his hope that on such good foundations of the past, we can further strengthen our bilateral ties for the future. President Arévalo stated that through this state visit they not only want to reaffirm the good bilateral ties between our nations, but that they also hope to define a trajectory for the future of our cooperation in the direction of expanding economic cooperation, building economic and trade alliances, and facilitating investment to foster a Taiwan-Guatemala relationship that benefits both peoples. He then expressed gratitude to the people of Taiwan for helping Guatemala over the past 90 years and reaffirmed the unwavering support of Guatemala for the Republic of China (Taiwan). On the occasion of this visit, he said, he hopes to extend a friendly hand to the people of Taiwan, adding that he looks forward to our nations continuing to take major steps forward on the road of mutual assistance and prosperity. Also in attendance at the welcome ceremony were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI United Kingdom: Home of ‘Devil’s Punch Bowl’ to become new National Nature Reserve

    Source: United Kingdom – Government Statements

    Press release

    Home of ‘Devil’s Punch Bowl’ to become new National Nature Reserve

    • Sand lizards, nightjars and natterjack toads are among the litany of species that people can enjoy at new Wealden Heaths National Nature Reserve in Surrey

    Hampton Estate heather with stonechat

    • Nature reserve declared at the landscape that inspired the likes of Tennyson and Conan Doyle, as well as its folkloric origins as the home of Thor.

    • This marks the 9th National Nature Reserve to launch as part of the King’s Series of National Nature Reserves, which will see 25 reserves created or extended by 2027

    A landscape in Surrey beloved by lizards and literary greats and home to an area known as the Devil’s Punch Bowl, is to become the latest National Nature Reserve.

    The Wealden Heaths National Nature Reserve, in the heart of the Surrey countryside and on the doorstep of more than a quarter of a million people, has today (Friday 27th June) been declared by Natural England the 9th National Nature Reserve in the King’s Series.

    This new reserve is a collaboration between nine partners; Natural England, RSPB, National Trust, Surrey Wildlife Trust, Hampton Estate (private farming estate), Amphibian and Reptile Conservation Trust, Waverley Borough Council, Surrey County Council and Forestry England, with further support from the Surrey Hills National Landscape. 

    The reserve has secured its status as a haven for wildlife, ensuring that it can provide a home for rare species such as Nightjars, Sand Lizards, Adders and Natterjack Toads into the future and an area of 2,765ha of greenspace accessible by hundreds of thousands of people.

    Wealden Heaths National Nature Reserve stretches across an area around three times that of Richmond Park, boasting a rich mix of open dry and wet heath, acidic grassland, regenerating woodland, and scrubby heath.

    Heathland habitats are incredibly important for a range of species, and popular with walkers, cyclists and riders. However, heathlands in England have declined by around 80% in the last two centuries, making this declaration vitally important for the survival of these precious places.

    The exceptional nature on display in this area, alongside its easy connections with London mean it already sees thousands of visitors each year, and its declaration as a National Nature Reserve means that future generations will continue to be able to connect with nature in the idyllic surroundings of the reserve. The reserve also includes a nature friendly farmed estate, adding to its potential to boost the local economy along with visitor spend.

    Nature Minister Mary Creagh said: 

    “Britain is a nation of nature lovers – proud of our iconic landscapes and charismatic wildlife.

    “This new reserve offers wonderful opportunities for people to experience the outdoors and spot rare wildlife in a place which has been a source of cultural inspiration for centuries.

    “This Government is committed to turning the tide on nature’s decline after years of neglect. New National Nature Reserves deliver on our promise to improve access to nature and protect nature-rich habitats, as well as boosting the local economy in line with our Plan for Change.”

    Marian Spain, Chief Executive of Natural England said:  

    “The beautiful atmospheric landscape has had a huge influence in culture over the centuries, from folklore to poetry. Its new status as a National Nature Reserve will ensure future generations continue to be inspired.

    “There is a wealth of species here, many of which are very rare, and efforts to maintain the vital habitats in this area will help these plants and animals to thrive again. Its network of tracks – including “Britain’s Favourite Path” – means it is already incredibly popular with local people and visitors from nearby London, offering a much needed vast open space for everybody to enjoy the connection with nature we all need.”

    This landscape is also widely known as the home of The Devil’s Punchbowl, a dramatic natural amphitheatre in the heathlands near Hindhead which is steeped in legend. It is said to have been formed when the Devil scooped up earth to throw at Thor, which some say is how the nearby area of Thursley got its name.  

    The area has provided inspiration to a range of literary greats through the years, from Alfred Lord Tennyson to Arthur Conan Doyle. The reserve is home to Waggoners Well, where Tennyson wrote ‘Flower in the Crannied Wall’, which reflects on the connection between nature, humans, and the divine. 

    The area has retained its popularity and is still a destination for nature lovers, boasting the Thursley Common Boardwalk, which has been named ‘Britain’s Favourite Path’ by the Ramblers Association. This declaration will mean that this bustling area of nature just 45 minutes away from London will be managed and accessible for years to come.

    This area has already benefitted from the Heathland Connections Nature Recovery Project, which provided funding from Defra and Natural England. It is an ambitious project working with partners, including wildlife charities and private landowners to enhance, restore and connect the special habitats found in the westernmost section of the Surrey Hills National Landscape.

    The launch of the new National Nature Reserve directly supports the government’s commitment to restore and protect our natural world by expanding nature-rich habitats where people can explore and wildlife can thrive.  

    This is the 9th reserve to be launched as part of the King’s Series of National Nature Reserves, which will leave a lasting public legacy for people and nature by creating or extending 25 National Nature Reserves by 2027. 

    NOTES TO EDITORS

    ·       This new 2,766 hectare Wealden Heaths NNR combines the existing Thursley NNR (325ha) with 2,440ha of partner-managed land, of which 1,784ha is designated as Site of Special Scientific Interest.  

    ·       Wealden Heaths also includes over 900ha (921) of non-SSSI land, the largest area of any NNR with previously undesignated land being formally brought into conservation management 

    ·       The declaration of Wealden Heaths brings the total area of NNRs in England to over 115,000ha across 223 NNRs. 

    ·       Images of the NNR can be found here: Wealden Heaths NNR images – Google Drive 

    QUOTES PACK

     #### Molly Biddell of Hampton Estate, said

    “We are so proud and excited to be a part of Wealden Heaths National Nature Reserve, this recognition reflects how precious our Surrey heathlands are, and how important it is that as land managers we all work together to protect these unique habitats. At Hampton Estate, we feel privileged to be managing Puttenham Common as part of our farming business, using conservation grazing, woodland management and shared stewardship to increase biodiversity and create a nature-loving community. We look forward to working alongside our partners to ensure the Wealden Heaths continue to thrive as a living, working landscape that inspires.”

    Councillor Steve Williams, Waverley Borough Council Portfolio Holder for Environment and Sustainability, said:

    “The Wealden National Nature Reserve (NNR) is a great community asset, offering a unique space for residents to connect with nature, learn about biodiversity, and enjoy outdoor activities.  Waverley Borough Council is passionate about preserving our natural heritage and providing an opportunity for our residents to enjoy the natural resources in our borough.  The NNR enhances the quality of life for local residents and attracts visitors, contributing to the local economy and promoting knowledge of our natural world.  We are committed to maintaining and improving this invaluable resource for current and future generations.”

    Rob Fairbanks, Director of the Surrey Hills National Landscape said:

    “I am thrilled to see the launch of the Wealden Heaths National Nature Reserve.  This is a transformative designation to create a bigger, better, and more joined up approach to heathland restoration within the Surrey Hills National Landscape.

    “This milestone is a testament to the robust partnership driving it, and we extend our heartfelt gratitude to Natural England for empowering us to address the biodiversity crisis and a flourishing future for our rare and rich heathland habitats.”

    Amphibian and Reptile Conservation Trust (ARC) CEO, Dr Tony Gent said:

    “At ARC, we believe that collaboration is key to effective landscape-scale conservation. By working together rather than in isolated pockets, we can share resources, knowledge, and communicate more consistently – delivering greater impact for wildlife and habitats.”

    “The creation of the new Partnership National Nature Reserve in Surrey offers a powerful opportunity to strengthen partnerships with fellow land managers. Together, we can better support native amphibian and reptile populations across the region. By aligning conservation goals and underpinning them with robust monitoring, we can develop a shared agenda for conserving these species — while also identifying and addressing areas where biodiversity is in decline.”

    Surrey Wildlife Trust’s Director of Reserves Management, James Herd said:

    “With nature under unprecedented pressure, its essential that habitats are connected and protected not just on a local, but on a landscape level.  The creation of this reserve represents an encouraging step towards this goal, and also illustrates the power of partnership working between national and local policymakers, communities and conservationists.”

    Stephanie Fudge, National Trust General Manager for the Surrey Hills said:

    “The Wealden Heaths National Nature Reserve brings together a patchwork of heathlands owned by different landowners, and by joining up these habitats we aim to benefit species such as nightjar, woodlark and sand lizards by giving them space to move and to find food or shelter in times of extreme weather such as flooding or drought.

    “We can do much more for nature as a collective, rather than on our own. As part of this new NNR, 1660 hectares is National Trust land including heathland at Hindhead Commons and the Devil’s Punch Bowl. Working together we want to ensure that wildlife in these special habitats can flourish, and improve access so that people living in the South East can enjoy the vast array of wildlife on their doorstep for many generations to come.”

    Surrey County Councillor Marisa Heath, Cabinet Member for Environment:

    “The creation of the Wealden Heaths National Nature Reserve (NNR) is a beacon of hope for both nature and people. Not only is it an important step in securing the future for the rare species that call this landscape home, but it also provides a sanctuary for people, offering vital green spaces that contribute to our health and wellbeing. “

    I would like to thank Natural England and the eight other landowners and stakeholders that have worked in partnership to deliver this National Nature Reserve, and I look forward to a more resilient and thriving Surrey landscape that will benefit generations to come.”

    South Forest Management Director, Craig Harrison from Forestry England, said:

    “We are delighted to be part of this super NNR and for Crooksbury Common to be included. This is great recognition of the importance of heathlands and working at a landscape-scale this partnership will allow us to share our expertise to build a better, more joined-up landscape for nature.”

    Updates to this page

    Published 27 June 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Hong Kong Economic and Trade Office in Geneva celebrates 28th anniversary of establishment of HKSAR (with photos)

    Source: Hong Kong Government special administrative region – 4

    The Hong Kong Economic and Trade Office in Geneva hosted a reception on June 24 (Geneva time) to celebrate the 28th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR) with over 230 guests from diplomatic missions to the World Trade Organization (WTO), and key contacts in various international organisations, the academia and local businesses.

    Speaking at the reception, the Permanent Representative of the HKSAR of China to the WTO, Miss Winky So, highlighted how the city, from a humble fishing village to a top-notch international trade and financial centre, has reinvented itself time and again to stay vibrant, while holding fast to the policy of free trade and the principles enshrined in the Marrakesh Agreement establishing the WTO.

    To the guests, she said, “we are privileged to stand alongside friends like you, who are not just like-minded champions of free trade, but also guardians of a system that has connected economies and brought stability and prosperity. Together, in good times and in bad times, we are a living testament to what free trade and a rules-based multilateral trading system can offer.”

    As a founding member of the WTO, Hong Kong has always been a staunch supporter of the rules-based multilateral trading system. Under the “one country, two systems” principle, Hong Kong participates in the WTO as a separate customs territory in the name of Hong Kong, China.        

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: LegCo Secretariat releases Policy Pulse on “Building an international education hub”

    Source: Hong Kong Government special administrative region – 4

    The following is issued on behalf of the Legislative Council Secretariat: 

    The Legislative Council (LegCo) Secretariat today (June 27) released a Policy Pulse on “Building an international education hub”. This issue provides a brief overview of the competitiveness of Hong Kong’s education system, the unique advantages in developing Hong Kong into an international education hub, the related support measures by the Government, as well as relevant discussions of LegCo along with suggestions by Members.

    As a cosmopolitan city, Hong Kong’s education system is highly internationalized and diversified with great potential to become an international education hub. The Policy Pulse highlighted various international rankings of Hong Kong’s education system, including being the only city with five universities in the world’s top 100, ranking second globally in education competitiveness, and having the Hong Kong Diploma of Secondary Education recognised by over 600 overseas post-secondary institutions. The Policy Pulse also briefly outlined the future development of post-secondary education in Hong Kong; the advantages brought by “one country, two systems” and enjoying strong support from the Motherland and being closely connected to the world; and the benefits of establishing an international education hub.

    In the 2023 Policy Address, the Chief Executive announced the establishment of an “international hub for post‑secondary education and a cradle for future talents”. He further proposed building the “Study in Hong Kong” brand in his 2024 Policy Address. To promote Hong Kong as an international hub for post-secondary education and attract more talents to the city, the Government has introduced a series of measures. These include doubling the non-local student quota for University Grants Committee-funded universities; increasing the number of scholarship and hostel places; implementing schemes for non-local graduates to stay and seek employment in Hong Kong; strengthening research funding for institutions; promoting collaboration between Hong Kong and Mainland higher education institutions; and launching the Alliance of Universities in Applied Sciences to enhance the status of vocational and professional education and training.

    To support the long-term development of post-secondary education, the Government has kickstarted the construction of the University Town project in the Northern Metropolis, and plans to announce the University Town Development Conceptual Framework in the first half of 2026. Members suggest the Government communicate with post-secondary institutions on the planning of the University Town and consider providing tax and financial incentives to encourage institutions to build second campuses in the University Town, and cooperate with industry and scientific research institutions, to give play to the industry-university-research effect, so as to attract research talents.

    LegCo has been closely attentive to the development of education system in Hong Kong and formed a subcommittee to provide recommendations to the Government and the post-secondary education sector to speed up the development of an international post‑secondary education hub. In addition, LegCo has scrutinized and passed the Post Secondary Colleges (Amendment) Bill 2025, which aims to improve the monitoring and quality assurance mechanism for self-financing post-secondary institutions.

    The Policy Pulse also pointed out that Hong Kong faces challenges in becoming an international education hub, including a lack of diversity in the sources of non-local students. Members suggest that the Government should systematically formulate targeted promotion strategies, identifying target countries including ASEAN and “Belt and Road” countries, and taking the lead in promoting “Study in Hong Kong” to these countries with the Economic and Trade Offices overseas, and continuously reviewing the policy positioning and development strategies.

    The detailed content of “Building an international education hub” is available on the LegCo Website. The Policy Pulse, published by the LegCo Secretariat, covers specific topics and offers a comprehensive overview of related policy developments and summarized discussions in LegCo.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Government announces appointments of Chairperson and members to Hong Kong Export Credit Insurance Corporation Advisory Board

    Source: Hong Kong Government special administrative region

    Government announces appointments of Chairperson and members to Hong Kong Export Credit Insurance Corporation Advisory Board 
    The tenure of the appointments is two years with effect from July 1, 2025.
     
    Commenting on the appointments, the Secretary for Commerce and Economic Development, Mr Algernon Yau, said, “I am pleased that Ms Agnes Chan has been appointed as the Chairperson of the HKECIC Advisory Board. I am confident that, with her distinguished role in the business sector and abundant public service experience, Ms Agnes Chan will be able to lead the Advisory Board in tendering pragmatic and constructive advice to the HKECIC, enabling the HKECIC to continue providing professional export credit insurance services to Hong Kong exporters. I would also like to welcome Mr Henry Ko as a new member, and Ms Natalie Chan and Mr Michael Li being reappointed to continue contributing to the work of the Advisory Board.”
     
         “I extend my heartfelt gratitude to Dr Dennis Ng for his contributions during his tenure. Under his leadership, the HKECIC has launched various measures to support the export trade in Hong Kong and assist Hong Kong exporters, especially small and medium enterprises, in countering the challenges brought by the uncertainties in the global economy and expanding into emerging markets. I would also like to express my appreciation to the outgoing member Mr Samuel Lau Kin-pui for his staunch support of the work of the Advisory Board,” Mr Yau added.
     
         Ms Agnes Chan is currently the Senior Advisor of the Chairman’s Office, Greater China, Ernst & Young. She is the incumbent Chairman of the Hong Kong General Chamber of Commerce, an incumbent member of the Public Service Commission and an ex-officio member of the Hong Kong Trade and Development Council.
     
         The HKECIC was established in 1966 to provide insurance protection for Hong Kong exporters against non-payment risks arising from commercial and political incidents. The Hong Kong Special Administrative Region Government guarantees its liabilities.
     
         The composition of the HKECIC Advisory Board with effect from July 1, 2025, is as follows:
     
    Chairperson
    ———–
    Ms Agnes Chan Sui-kuen
     
    Members
    ———–
    Mr Kelvin Au Wai-kuen
    Ms Natalie Chan Wo-mi
    Ms Helen Hui
    Mr Henry Ko Hok-han
    Mr Timothy Lee Kwok-lam
    Mr Michael Li Chi-fung
    Mr Bernie Ting Wai-cheung
    Ms Winnie Wong Chi-shun
    Principal Assistant Secretary for Commerce and Economic Development
    Executive Director, Hong Kong Trade Development Council or his representative (ex-officio)
    Issued at HKT 11:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Appointments to Hong Kong Deposit Protection Board

    Source: Hong Kong Government special administrative region

    Appointments to Hong Kong Deposit Protection Board 
    The Financial Secretary has also appointed Mrs Helen Kan Ng Chau-yuk and Professor Darwin Choi, and reappointed Mr Andrew Mak Yip-shing as members of the Board for the same period.
     
    A Government spokesman said, “The Chairman and members appointed and reappointed possess professional knowledge and experience in the areas of consumer protection, law, finance and academia. We are confident that the Board will continue to maintain a stable and effective Deposit Protection Scheme in Hong Kong under the stewardship of Ms Connie Lau.
     
    “We would also like to express our heartfelt gratitude to the outgoing members, Professor Chan Koon-hung and Professor Matthew Lee Kwok-on, for their invaluable contributions over the past six years.”
     
    The Board is a statutory body established in 2004 under the Deposit Protection Scheme Ordinance. It manages the operation of the Deposit Protection Scheme, which aims to protect depositors and contribute to the stability of the banking system.
     
    The aforesaid appointments under the Deposit Protection Scheme Ordinance were gazetted today.
    Issued at HKT 11:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: On the road to COP30: mobilising climate finance | London Climate Action Week (LCAW), Event at the German Embassy

    Source: Deutsche Bundesbank in English

    Check against delivery.

    1 Welcome
    Ladies and Gentlemen, 
    Good afternoon, and thank you for the kind introduction. It is a great honour to be here with you today to discuss the way forward on the road to Belém. 
    First of all, let me thank the German Embassy for organising this event and for bringing together such a distinguished and diverse group of leaders and experts. Events like this are so important, especially in the current context of numerous economic and geopolitical challenges that (threaten to) overshadow climate change. 
    It is essential to have spaces and forums where stakeholders from the public and private sectors, academia and civil society come together to exchange ideas on how to move ahead. The strong attendance here today is testament to our dedication and reflects our shared recognition that the serious risks arising from climate change have to be taken seriously. 
    2 The Role of the NGFS
    I am proud to represent not only the Deutsche Bundesbank but also the Network for Greening the Financial System (NGFS), which I have the honour to chair.
    The NGFS is a global coalition of central banks and supervisors committed to addressing climate and nature-related risks in the financial system. Since its foundation in 2017 the NGFS has grown significantly, today boasting 145 members and observers. Our global and growing membership underscores the increasing international recognition of climate and nature risks.
    Climate change is unfolding rapidly, right in front of our eyes, and poses profound risks to our economies and financial systems. It is more important than ever to continue our independent, data-driven and science-based work. 
    I am very glad to see colleagues from the Bank of England and my fellow Deputy Governor Paulo Picchetti from the Banco Central do Brasil in the audience today. Your institutions have contributed a lot to the work of the NGFS. 
    3 Climate inaction has high economic costs
    The urgency of ambitious climate action cannot be overstated. 
    Work by the NGFS shows economic and financial risks arising due to climate change and nature loss. 
    Last November we released the latest update of our long-term climate scenarios. The scenarios show very clearly that climate inaction has high economic costs. 
    If we stick to current policies, global GDP could be 15 % lower by 2050, compared to a world without climate change.[1] This does not include sea level rises, migration or nature loss.
    I know that 2050 is, in practice, beyond the planning horizon of many corporates and political decision makers. That is why the NGFS has developed short-term climate scenarios with a time horizon of three to five years to help bridge this gap. 
    These scenarios also show that a delayed transition is expensive. Our stress scenarios assume extreme weather events. Our scenarios show that delaying the transition by just three years could reduce global GDP by almost 1 % by 2030.[2]
    The NGFS scenarios are a public good, designed to help financial institutions and the real economy assess the potential impacts of climate change. I encourage you to make use of them to manage climate-related risks. 
    4 Scaling up global climate finance
    Ladies and Gentlemen, addressing climate risks requires a collective effort to align global financial flows with climate goals. 
    To meet the goals of the Paris Agreement, global climate finance needs to be significantly scaled up from current levels. 
    The Baku to Belém Roadmap to 1.3 Trillion is a key initiative in achieving that goal.[3] The roadmap provides a pathway for mobilising the capital needed for the transition to a low-carbon economy. I am particularly excited to hear more about this roadmap from André Corrêa do Lago in a moment.
    The public and the private sector must work hand in hand to scale up climate finance. But the biggest share has to come from the private sector, as public money has its limits and more and more challenges for public money are arising. 
    And I look forward to hearing from other participants here about how the financial sector can help to mobilise climate finance.
    5 The role of the corporate sector
    At the same time, climate finance is only one side of the coin. The other side is the low-carbon transition of industries and businesses. It is important to bring the corporate sector on board.
    They are the ones who will innovate, invest, and implement the changes needed to achieve climate goals. The renewable energy transition is key to addressing climate change. So, the energy sector plays a pivotal role in moving away from fossil fuels.
    I am very happy that Greg Jackson from Octopus Energy will join our discussions and share his insights with us. 
    6 Conclusion
    Ladies and gentlemen, let me conclude. As we move towards COP30, the stakes could not be higher. Last month was the second-warmest May on record globally, just slightly cooler than May 2024.[4]
    Climate change is not a distant threat; it is a present reality. The decisions today will shape the world for generations to come. And let us remember that while the challenges are great, so too are the opportunities.
    Footnotes:

    See: NGFS Climate Scenarios for central banks and supervisors – Phase V | Network for Greening the Financial System
    NGFS short-term climate scenarios, see: NGFS Short-term Climate Scenarios for central banks and supervisors | Network for Greening the Financial System
    For an overview, see: Baku to Belém Roadmap to 1.3T | UNFCCC
     Second-warmest May globally, dry/wet contrast across Europe in spring | Copernicus

    MIL OSI

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the 2023 and 2024 Commission reports on North Macedonia – A10-0118/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on the 2023 and 2024 Commission reports on North Macedonia

    (2025/2021(INI))

    The European Parliament,

     having regard to the Stabilisation and Association Agreement between the European Communities and their Member States, of the one part, and the Republic of North Macedonia, of the other part[1],

     having regard to North Macedonia’s application for membership of the European Union, submitted on 22 March 2004,

     having regard to the European Council decision of 16 December 2005 to grant North Macedonia EU candidate country status,

     having regard to the European Council conclusions of 19-20 June 2003, including the annex thereto entitled ‘The Thessaloniki agenda for the Western Balkans: Moving towards European integration’,

     having regard to Regulation (EU) 2021/1529 of the European Parliament and of the Council of 15 September 2021 establishing the Instrument for Pre-Accession assistance (IPA III)[2],

     having regard to Regulation (EU) 2024/1449 of the European Parliament and of the Council of 14 May 2024 on establishing the Reform and Growth Facility for the Western Balkans[3],

     having regard to the Commission communication of 5 February 2020 entitled ‘Enhancing the accession process – A credible EU perspective for the Western Balkans’ (COM(2020)0057),

     having regard to the Commission communication of 8 November 2023 entitled ‘2023 Communication on EU Enlargement Policy’ (COM(2023)0690), accompanied by the Commission staff working document entitled ‘North Macedonia 2023 Report’ (SWD(2023)0693),

     having regard to the Commission communication of 8 November 2023 entitled ‘New growth plan for the Western Balkans’ (COM(2023)0691),

     having regard to the Commission communication of 20 March 2024 on pre-enlargement reforms and policy reviews (COM(2024)0146),

     having regard to the Commission communication of 24 July 2024 entitled ‘2024 Rule of Law Report’ (COM(2024)0800), accompanied by the Commission staff working document entitled ‘2024 Rule of Law Report – Country Chapter on the rule of law situation in North Macedonia’ (SWD(2024)0830),

     having regard to the Commission communication of 30 October 2024 entitled ‘2024 Communication on EU enlargement policy’ (COM(2024)0690), accompanied by the Commission staff working document entitled ‘North Macedonia 2024 Report’ (SWD(2024)0693),

     having regard to the Reform Agenda of North Macedonia as approved by the Commission under the Reform and Growth Facility on 23 October 2024,

     having regard to the declarations of the EU-Western Balkans summits of 13 December 2023 and of 18 December 2024 in Brussels as well as the declarations of the EU-Western Balkans summits held in Sofia, Zagreb and Brdo pri Kranju in 2018, 2020 and 2021 respectively, and the Declaration on the Common Regional Market and the Declaration on the Green Agenda for the Western Balkans agreed on 10 November 2020 at the Sofia Summit within the Berlin Process,

     having regard to the Council conclusions of 18 July 2022 on Enlargement – North Macedonia and Albania  and the Council conclusions on Enlargement of 17 December 2024,

     having regard to the final report of 23 September 2024 of the Organization for Security and Co-operation in Europe (OSCE) Office for Democratic Institutions and Human Rights (ODIHR) Election Observation Mission on North Macedonia’s presidential election on 24 April 2024 and parliamentary elections on 8 May 2024,

     having regard to the Berlin Process launched on 28 August 2014,

     having regard to the Treaty of friendship, good neighbourliness and cooperation between Bulgaria and North Macedonia, signed on 1 August 2017 and ratified in January 2018;

     having regard to the Final Agreement for the settlement of the differences as described in the United Nations Security Council resolutions 817 (1993) and 845 (1993), the termination of the Interim Accord of 1995, and the establishment of a strategic partnership between Greece and North Macedonia, agreed on 17 June 2018, also known as the Prespa Agreement,

     having regard to the joint staff working document entitled ‘Objectives and Indicators to frame the implementation of the Gender Action Plan III (2021-25)’ (SWD(2020)0284) accompanying the joint communication of the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 25 November 2020 entitled ’EU Gender Action Plan (GAP) III – An ambitions vision for gender equality and women’s empowerment in EU external action (JOIN(2020)0017), as well as the Country Level Implementation Plan (CLIP) for North Macedonia,

     having regard to the 2023 European Commission against Racism and Intolerance (ECRI) Report on North Macedonia, adopted on 29 June 2023 and published on 20 September 2023,

     having regard to the declaration and joint recommendations adopted at the 23rd meeting of the EU-North Macedonia Joint Parliamentary Committee, held on 27 and 28 February 2025 in Skopje,

     having regard to its previous resolutions on North Macedonia, and in particular its resolution of 24 October 2019 on opening accession negotiations with North Macedonia and Albania[4],

     having regard to Rule 55 of its Rules of Procedure,

     having regard to the report of the Committee on Foreign Affairs (A10-0118/2025),

    A. whereas North Macedonia has held EU candidate country status since 2005 and successfully completed the screening process in December 2023;

    B. whereas the aspirations of citizens of North Macedonia to become part of the EU have led to progress in terms of democracy and socio-economic reforms, while the EU accession process continues to experience regrettable delays for various reasons;

    C. whereas the EU has mobilised approximately EUR 210 million in macro-financial assistance loans since 2020, aimed at stabilising the Macedonian economy, aiding its recovery from the COVID-19 pandemic and accelerating its reform progress;

    D. whereas North Macedonia is a partner that is aligned with the EU’s common foreign and security policy in the vast majority of cases and has played a constructive role in the region; whereas North Macedonia’s recent abstention from United Nations General Assembly Resolution ES-11/7 of 24 February 2025 on Ukraine and its co-sponsorship of an alternative resolution led by the United States indicates an unexpected and regrettable shift in its foreign policy alignment;

    E. whereas North Macedonia participates in EU military crisis management operations, including EUFOR Althea in Bosnia and Herzegovina;

    F. whereas the Council reached new conclusions in July 2022 which mean that North Macedonia needs to adopt the outstanding constitutional changes, in line with its commitments, so that the opening phase of accession negotiations can be completed immediately;

    G. whereas the geopolitical changes, the war in Ukraine, disinformation and misinformation have a strong impact on all European countries, both politically and economically;

    H. whereas North Macedonia remains a target of foreign malign influence operations, including efforts to fracture the country’s social fabric and weaponise anti-EU sentiment, notably via Serbian-language tabloids and media outlets, which function as regional amplifiers of Kremlin narratives and enjoy considerable influence; whereas North Macedonia expelled 13 Russian diplomats between 2018 and 2023 for activities incompatible with their diplomatic status, suggesting an ongoing presence of covert influence networks; whereas China has sought to expand its influence through information control, investment diplomacy and coercive clauses in infrastructure loan agreements;

    I. whereas North Macedonia’s authorities have proposed solutions for constitutional change that did not meet the conditions of the July 2022 Council conclusions;

    J. whereas any accession country is expected to respect democratic values, the rule of law and human rights, and to abide by EU law;

    K. whereas the Council has not excluded unequivocally the adoption of further new conditions for the starting of accession negotiations;

    L. whereas the EU has consistently demonstrated its recognition of the Macedonian language and identity;

    1. Reiterates its full support for North Macedonia’s continued and persistent commitment to join the EU and for the necessary transformative changes that are required to fulfil the accession criteria; commends the country’s commitment to European integration and encourages continued efforts in advancing EU-aligned reforms, despite the challenges and setbacks that have tested the patience and trust of the Macedonian society;

    2. Underlines that EU accession remains a matter of political will in fulfilling the criteria and implementing the commitments undertaken, in terms of both making the necessary reforms and adopting the necessary constitutional amendments;

    3. Recalls the need to maintain the momentum and credibility of the EU integration process; notes that North Macedonia continues to demonstrate commitment to EU integration and alignment with EU policies; calls for the swift advancement of accession negotiations, while noting the importance of adopting the constitutional amendments; urges the European Council to signal, publicly and unequivocally, that the Council intends to swiftly and unconditionally take the positive decision to enter into the next phase of accession negotiations with North Macedonia once the conditions of its conclusions of 18 July 2022 have been fulfilled, while fully respecting the Macedonian language and identity; encourages all political parties in North Macedonia to engage in constructive dialogue to achieve the necessary consensus on these amendments, which would strengthen the country’s multi-ethnic character and accelerate its progress towards EU membership; believes that strengthening the links between the multiple ethnicities is essential for improving social cohesion and ensuring more effective governance; calls on the Member States, the Council and the Commission to safeguard the predictability and credibility of the accession process, also with a view to maintaining popular support for accession in enlargement countries;

    4. Welcomes the successful completion of the screening process for North Macedonia at the end of 2023; encourages North Macedonia to adopt the constitutional amendments that the country committed to making and implementing, as required by the Council, in order for the accession negotiation process to proceed;

    5. Commends the commitment of the Macedonian people to EU integration and the support they show to this project two decades on from starting the process; urges the Commission to do the utmost to help the authorities of North Macedonia accomplish the necessary steps before entering into the next negotiation phase as well as further along the negotiation process, to help deliver on the expectations of citizens and the country and to explore all measures for gradual integration into the EU structures, thus increasing trust in the EU and its democratic values;

    6. Recalls that the accession process should not be used to settle bilateral disputes, obstruct merit-based progress on the European path or outweigh the broader strategic interests of the Union, but that such disputes must rather be addressed through open dialogue and genuine cooperation; underlines that accession negotiations should follow a clear path, guided by objective criteria and solely based on merit and the fulfilment of the accession criteria (Copenhagen criteria), which require in-depth reforms across fundamental areas, as well as the presence of stable institutions that guarantee democracy, the rule of law, human rights and respect for and the protection of minorities;

    7. Affirms the importance of unequivocally recognising and respecting the Macedonian language and identity as an integral part of the nation’s heritage and constitutional order, but also of European values; notes that the European institutions, in country reports and official documents, consistently refer to the Macedonian language in line with international recognition and the implementation of the Prespa Agreement; reaffirms that the respect for linguistic, cultural and national identity is a fundamental component of the EU accession process and a cornerstone of democratic societies which will be further affirmed with the accession to the family of European nations;

    8. Repeats its calls for the EU’s capacity to act to be enhanced through a reform of its decision-making, including through the introduction of qualified majority voting on the intermediate steps in the accession process, in particular at the start of negotiations and the opening and closing of individual negotiating clusters and chapters;

    9. Welcomes the new Reform and Growth Facility for the Western Balkans which will provide EUR 750 million in grants and loans to North Macedonia when it meets the conditions set out in its Reform Agenda; welcomes, in this context, the excellent and ambitious Reform Agenda, which sets clear, transparent goals and targets, and calls on the authorities to focus on its rigorous implementation; underlines the need to focus on incentivising reforms and reinforcing economic stability as well as on public administration, governance, the rule of law and the fight against corruption, decarbonisation and the green transition, digitalisation, connectivity and human capital development, while addressing social challenges;

    10. Notes the funds being received by North Macedonia from individual Member States and the good cooperation between them; warns however about strengthening alliances with illiberal regimes;

    11. Commends North Macedonia on its continued commitment to the EU integration process and regrets the delays in the accession process; welcomes the stability of and encourages continued efforts to secure interethnic relations and the implementation of the Ohrid Framework Agreement;

    12. Encourages North Macedonia to achieve tangible results in complying with the EU’s expectations under the negotiating framework and the Council conclusions of July 2022, including relevant constitutional changes, in line with the country’s commitments;

    13. Urges North Macedonia to intensify efforts to strengthen the rule of law and judicial independence, including in judicial appointments and the functioning of the Judicial Council, to counter corruption, reform its public administration and improve the transparency and concentration of media ownership; encourages further implementation of systemic measures to ensure transparency and efficiency in governance;

    14. Expresses its profound sorrow and heartfelt solidarity following the tragic Kočani nightclub fire that led to the death of more than 50 young people and injuries to more than 150 others and offers its condolences to the victims and their families; commends the rapid use of the EU Civil Protection Mechanism and the help provided by the Member States to save as many lives as possible; commends neighbouring and EU countries, in particular Greece and Bulgaria, for the immediate support and solidarity they showed and the medical treatment they provided to victims;

    Functioning of democratic institutions

    15. Notes that, while democratic institutions in North Macedonia function satisfactorily, political polarisation remains a major stumbling block to necessary reforms; calls on the political parties represented in the country’s parliament to work together to reach an agreement on those reforms;

    16. Welcomes the adoption of new rules of procedure by the Assembly of the Republic of North Macedonia (Sobranie), facilitated by the European Parliament within the framework of the Jean Monnet Dialogue; stresses, however, that persistent political polarisation continues to delay important reforms and appointments; emphasises that cross-party collaboration and an improved political climate remain vital to accelerate the implementation of EU-related reforms and strengthen democratic institutions;

    17. Notes with concern that about half of all laws enacted by the Sobranie in 2023 were approved through shortened procedures; calls on the Sobranie to improve its legislative planning, coordination and quality through proper consultation procedures and parliamentary oversight, in particular with a view to the conclusions of the Jean Monnet Dialogue and to avoid fast-track procedures;

    18. Stresses that, while the 2024 parliamentary and presidential elections were competitive, and democratic and amendments to the Electoral Code have been made, comprehensive electoral reform is still needed; calls strongly for the implementation of the outstanding recommendations made by the OSCE/ODIHR and the Venice Commission through an inclusive revision of the Electoral Code, while underlining the importance of insulating future electoral processes from malign foreign interference and information manipulation, including through the adoption of robust cybersecurity and online campaign transparency rules;

    19. Calls for improved regulation of the financing of political parties and campaigns, including measures to increase transparency regarding the funds and expenses of political parties; urges a revision of the rules on state advertising in commercial media and paid political advertisement; emphasises the need for functioning oversight mechanisms to ensure integrity in party financing and for equal and adequate media access for political parties and independent candidates;

    20. Calls for the continued modernisation of a merit-based public administration, addressing systemic challenges of politicisation, strengthening transparent recruitment processes, and reforming local self-government to provide better social services for citizens and to develop tailor-made local and regional development strategies; urges the authorities to step up their efforts and adopt and implement the necessary legislation with a view to improving public trust in the administration and fostering a resilient and capable public service that can effectively respond to contemporary challenges and serve the needs of the community; commends the 2023-2030 public administration strategy and the related action plan for 2023-2026 adopted in July 2023; acknowledges that they cover all relevant reform areas and set out a clear baseline, objectives and targets, thus identifying crucial policy challenges; regrets, however that the implementation rate remains low;

    21. Calls for further steps to ensure the systemic accountability of public institutions through meaningful and public stakeholder consultations, including with regard to the implementation of the Reform Agenda, and to provide feedback from the consultations conducted; commends the law on general administrative procedures that is providing for simplification, but strongly recommends that it be implemented systematically across the administration;

    22. Urges the authorities of North Macedonia to refrain from opaque, politicised dismissals from, and appointments to, positions within independent bodies and agencies, as well as to ensure that the institutions are adequately funded and that decisions and recommendations are implemented consistently; notes with regret the continued lack of progress in strengthening the office of the Ombudsman;

    Media and civil society

    23. Welcomes North Macedonia’s steady progress in assuring media freedom; recalls however, the need for continued reforms to ensure an independent and resilient media landscape, including reforming the legal framework governing online and offline media to align fully with the European Media Freedom Act[5], addressing persistent challenges in media ownership transparency, digital media disclosure and media concentration; underlines the need for media reform that prioritises anti-concentration measures to safeguard journalistic integrity; emphasises the urgent need to counter malign foreign influence in the media landscape, including disinformation disseminated by actors linked to Russia and China;

    24. Calls on the authorities to adopt a legal framework that effectively protects journalists, human rights defenders, environmental activists and other stakeholders from strategic lawsuits against public participation (SLAPPs), and to implement the provisions of the EU Anti-SLAPP Directive[6];

    25. Urges the authorities to ensure full transparency and unimpeded access to information for citizens;

    26. Notes with concern the reinstatement of government advertising in commercial media in North Macedonia; stresses the heightened risk of this measure opening the media market to disruption and undue political influence, thus endangering media independence and media pluralism; reiterates its calls for the comprehensive reform of the rules governing state financing and political party advertising in the media, noting the lack of transparency, the ongoing misuse of state funds for political advertising, and the continued risk of compromising media independence through opaque funding mechanisms; calls strongly for these reforms to be adopted and implemented before the local elections planned for autumn 2025;

    27. Underlines the need to strengthen the independence and capacity of the media regulator, the public service broadcaster and the regulator of electronic communication;

    28. Encourages action to enhance the editorial and financial independence, impartiality and professionalism of public service broadcasters and media regulators, while noting the continued delay in appointing key oversight bodies and the need for comprehensive modernisation efforts; calls for stricter transparency and ownership rules to expose covert influence, including foreign-sponsored media content, and for the establishment of mechanisms to identify and disrupt coordinated foreign disinformation networks;

    29. Notes that certain Chinese diplomatic entities have financed paid content and opinion pieces in Macedonian media outlets without clear labelling; recalls that a 2023 analysis found that Russian state-affiliated actors had used Serbian media proxies to disseminate narratives hostile to NATO and to claim that the EU is pressuring North Macedonia to ‘abandon its identity’;

    30. Expresses concern over the ongoing threats and attacks against independent journalists and media professionals, including misogynistic online harassment targeting women journalists, often targeting those reporting on the rule of law, corruption and justice; welcomes the assignment of a dedicated prosecutor to monitor these attacks on journalists and oversee the establishment of cyberbullying reporting mechanisms; calls for stronger measures to protect media professionals from physical and non-physical threats, harassment and the inappropriate use of language by public figures;

    31. Encourages North Macedonia to continue the efforts to combat hate speech in all of its forms and targeting all groups, to proactively prevent and thoroughly investigate all instances of hate speech, hate crimes and intimidation, systematically prosecute related attacks, with a view to achieving convictions and ensuring the safety and security of their targets, such as journalists, people belonging to minorities, communities such as Bulgarians, and other vulnerable groups;

    32. Expresses concern about the rise in hate speech and growing threats from disinformation in online media, over which the national Agency for Audio and Audiovisual Media Services has no regulatory authority; calls for strengthened measures to support investigative journalism, fact-checking capabilities and media literacy and to improve the legal framework and interinstitutional capacity in order to combat hate speech, disinformation and foreign interference; is concerned by widespread disinformation campaigns which call into question democratic values and the country’s goal of EU membership; calls, in this regard, for the support of the EU institutions to help the country mitigate these malicious effects; welcomes civil society initiatives promoting media fact-checking, digital literacy in schools and the combating of the spread of hate speech, and notes that nearly 50 % of the citizens of North Macedonia have adopted false narratives about international events, particularly regarding the war in Ukraine, underscoring the urgency of reinforcing societal resilience against malign information manipulation;

    33. Underlines that civil society is vital in fostering democracy and pluralism and promoting good governance and social progress; welcomes the country’s vibrant and constructive civil society, which plays a very crucial and positive role in the reform process, and recalls that further efforts are needed to ensure inclusive, timely and meaningful consultation and transparency, as well as formal mechanisms for cooperation; welcomes, against this backdrop, the recent initiation of the process for re-establishing the Council for Cooperation with and Development of the Civil Society Sector and calls for enhanced cooperation between the government and civil society, especially in mitigating the implications for civil society of the recent ‘freeze’ of US Agency for International Development (USAID) funds; notes that, while civil society organisations operate in an overall enabling environment, legal and financial frameworks need to be implemented to ensure that their public funding is increased and that public funding mechanisms are transparent; is concerned about reports of an increase in hostile statements towards civil society and encourages the Ministry of Internal Affairs to work with civil society organisations to develop a security protocol for human rights defenders to ensure their protection against threats from non-state actors; calls strongly for further enhancement of the role of civil society by ensuring that it continues to be meaningfully included in the decision-making process and by consulting the Venice Commission before adopting future legislation related to non-governmental organisations (NGOs);

    Fundamental rights

    34. Commends North Macedonia for ratifying most international human rights instruments; expresses concern, however, about the level of implementation, the lack of progress in gender equality, the rise of anti-gender movements and the increase in their influence, which have a negative impact on legislative and policymaking processes; urges the government to fully implement the Istanbul Convention; calls on the authorities to adopt the new Law on Gender Equality and to strengthen formal government structures designed to promote gender equality and improve the status and rights of women at all levels, as well as to ensure the effective implementation of the gender equality strategy and the national action plan, notably by ensuring adequate funding, enhancing interinstitutional coordination and aligning national policies with the EU acquis;

    35. Urges the authorities to ensure the full and effective implementation of the existing legal framework for the protection of victims of gender-based and domestic violence, by allocating sufficient budgetary resources for prevention, and by improving access to support services, protection mechanisms and the enforcement of legally guaranteed social and economic rights of survivors; notes, against this background, the adoption in 2023 of the Law on Payment of Monetary Compensation to Victims of Violent Crimes, which integrates the standards of the Istanbul Convention to provide better protection for victims of gender-based violence; urges the authorities, furthermore, to strengthen their efforts to reduce and mitigate gender-based violence and domestic violence, and to increase shelter capacity and personnel, as well as the number of well-trained and gender-sensitive law enforcement officers, judges, medical personnel and social workers;

    36. Notes, with concern, the dire situation of young women in prison, including juvenile girls aged between 14 and 16, who lack education and job skills training and are often overmedicated, with insufficient healthcare; urges the authorities of North Macedonia to take urgent measures to improve the detention conditions for all inmates, to reduce corruption and stop inhuman treatment, and to enhance the probation and reintegration of ex-prisoners into society;

    37. Urges North Macedonia to fully implement the recommendations outlined in the 2023 ECRI report on North Macedonia in order to effectively address the human rights violations identified;

    38. Welcomes the fact that interethnic relations remain stable and the Ohrid Framework Agreement continues to be implemented; commends North Macedonia’s efforts in strengthening minority rights protections, while encouraging further financial support; calls for adequate funding and staffing for institutions protecting the rights of non-majority communities; calls on political representatives of minority communities to avoid promoting divisive ethnic narratives echoing policies that caused profound suffering and wars in the region’s recent past; urges North Macedonia to fully implement the recommendations of the Advisory Committee on the Framework Convention for the Protection of National Minorities as regards the ‘One society for all and interculturalism’ strategy; calls on North Macedonia to provide sufficient funding and staff for the Language Implementation Agency and the Agency for Community Rights Realization; regrets that North Macedonia did not ratify the European Charter for Regional or Minority Languages; awaits a final decision on the contested Law on the Use of Languages, which may have an impact on interethnic relations;

    39. Welcomes the progress the country has achieved in aligning its legislative and institutional framework for the rights of the child with the EU acquis and international human rights standards; notes the progress in implementing the strategy for deinstitutionalisation and welcomes the successful relocation of children from institutions to foster care or small group homes; notes with concern, however, the continued instances of child violence and discrimination, including against Roma children; calls, therefore, for the country to set up a national body responsible for coordinating all policies relating to the implementation of the UN Convention on the Rights of the Child and the optional protocols thereto;

    40. Encourages North Macedonia to take meaningful steps toward recognising and incorporating national minorities and communities into its constitution, fostering inclusivity, protecting diversity, fighting discrimination and strengthening social cohesion in line with European values and democratic principles; calls on North Macedonia to fully guarantee equal rights and opportunities for all ethnic communities in the country;

    41. Notes that persons with disabilities continue to face significant barriers as the country’s legislation is still not aligned with the UN Convention on the Rights of Persons with Disabilities; welcomes the national strategy for the rights of persons with disabilities for 2023-2030 and calls strongly for its proper implementation, including in regard to ensuring a sufficient number of educational assistants, in order to effectively and smoothly include children with disabilities in the education process;

    42. Welcomes the first court ruling on hate speech against the LGBTIQ+ community, but calls strongly for the systematic prosecution of all instances of hate speech, hate crimes and intimidation, as well as for the inclusion of hate speech in the Criminal Code and for the state institutions responsible to keep adequate statistics on cases of hate speech and hate crimes;

    43. Notes with concern the widespread hate speech on social media, particularly towards Roma, LGBTIQ+ persons and other marginalised groups; urges all political actors to amend the Law on Civil Registry and ensure swift and unimpeded legal gender recognition on the basis of self-determination, to uphold human rights, ensure dignity, and establish a clear and accessible legal process in line with international standards; recommends that the new Law on Primary Education maintain explicit protection against discrimination based on gender, sexual orientation and gender identity, ensuring alignment with national and international commitments; encourages the Assembly of North Macedonia to promptly (re-)establish an active interparliamentary LGBTIQ+ group to support and advance LGBTIQ+ rights;

    44. Calls on North Macedonia to strengthen migration management, improve alignment with the EU acquis and address persistent challenges in handling regular and irregular migration while upholding fundamental human rights; welcomes enhanced cooperation on border management and the strengthening of the country’s capacity to manage migration flows and combat migrant smuggling, human trafficking and other organised crime; encourages the continued development of asylum procedures and integration policies and the improvement of reception conditions, in alignment with EU migration frameworks; stresses the importance of regional cooperation in migration management and urges the EU to provide further support in terms of resources, technical assistance and capacity-building in order to address migration challenges effectively;

    45. Calls on North Macedonia to step up its efforts in the fight against human trafficking, notably by further aligning the Criminal Code with the EU acquis and its legislation on drugs;

    Rule of law

    46. Notes, with serious concern, that the country’s track record in fighting corruption, including high-level corruption, has worsened, as also evidenced by its decline in Transparency International’s Corruption Perceptions Index, particularly owing to Criminal Code amendments that have weakened the legal framework, resulting in the termination of many ongoing cases; reiterates that this decline underscores the urgent need for comprehensive reforms; calls strongly for the anti-corruption framework to be strengthened and for effective accountability to be ensured, in particular in high-level corruption cases, through proper investigation, prosecution and convictions; urges a review of recent amendments to the Criminal Code in relation to sentencing standards and the statute of limitations, in order to ensure that the prosecution of corruption, especially of complex and high-level cases, is not negatively affected;

    47. Recalls that sufficient financial and human resources are needed to ensure effective and consistent application of dissuasion, prevention, detection, investigation and sanction mechanisms for public office holders through broad measures covering conflicts of interest, lobbying, codes of ethics and whistle-blower protection;

    48. Notes that the perceived level of trust in the judiciary remains very low and that further efforts are needed to prevent undue influence and intimidation; underlines the lack of progress in the implementation of the 2020 strategies for human resources management in the courts and in the public prosecutor’s office; calls strongly for the critical shortage of judges and prosecutors, which impacts the quality and efficiency of justice, to be addressed; calls for the independence and transparency of judicial bodies to be strengthened and for the funds necessary for their effective functioning to be allocated;

    49. Calls for the strengthening of the Judicial Council and the Council of Prosecutors and for the allocation of necessary funds, while ensuring their independence; strongly urges political actors to cease interfering in judicial institutions;

    50. Notes, with concern, the lack of progress in preventing and fighting corruption, and that financial investigations remain problematic; underlines how corruption continues to severely affect crucial policy areas; calls for the operational capacity and cooperation of agencies responsible for fighting organised crime and financial crime to be significantly strengthened, including through ensuring the necessary financial resources; encourages the country to improve its fight against organised and economic crime and cybercrime through a strengthened partnership with Europol, the European Cybercrime Centre and Eurojust; calls on North Macedonia to enhance its efforts to combat money laundering;

    51. Calls for all necessary measures to be put in place to effectively counter organised crime; urges the authorities to improve coordination through the National Coordination Centre for the Fight Against Organised Crime as well as to allocate the necessary funds and staffing to the Office of the Basic Public Prosecutor for Organised Crime and Corruption; underlines the need to direct particular attention and resources towards uncovering money-laundering schemes;

    52. Notes, with concern, North Macedonia’s partial alignment with the EU acquis in the fight against organised crime; reiterates its call for further alignment with the EU acquis and for systematic financial investigations, stepping up the freezing, confiscation, management and disposal of illegally acquired assets;

    53. Calls for a thorough and transparent investigation of the Kočani nightclub fire on 16 March 2025, to bring to justice the persons responsible, and also for the legislation to be updated and thoroughly implemented to prevent similar tragedies and ensure better public safety and regulatory compliance to protect citizens;

    54. Calls for the swift implementation of the ongoing reforms in the security and intelligence sectors, and for the independence of security and intelligence bodies to be strengthened through the establishment of appropriate regulatory frameworks, while also enhancing democratic oversight mechanisms; notes, with concern, that the National Security Agency is still located on the premises of the Ministry of Internal Affairs, calling into question its status as an independent state administration body;

    55. Commends North Macedonia’s strong determination to counter hybrid threats; welcomes the government’s initiative to create a national strategic framework to counter disinformation as well as the adoption of the national cybersecurity strategy 2025-2028; calls for further efforts to build resilience against foreign interference and information manipulation; underlines the need to work on a national strategy to build resilience against disinformation as a security threat to the state, including through enhanced cybersecurity measures and strategic communication as well as education and media literacy; calls for the full operationalisation of EU mechanisms, such as the rapid alert system, to detect malign foreign influence in real time during key democratic processes, including elections;

    56. Is deeply concerned that North Macedonia and other EU accession countries in the Western Balkans are being particularly hard hit by foreign interference and disinformation campaigns, including hybrid threats, strategic corruption, opaque financial flows and coercive investment practices, notably originating in Russia and China; is alarmed by Hungary’s and Serbia’s roles in advancing China’s and Russia’s geopolitical objectives; notes, in this context, the risk of dependence on China caused by asymmetrical loan agreements, as well as the recent loan from Hungary, which  appears to be sourced from China;

    Socio-economic reforms

    57. Recommends that North Macedonia continue to pursue steps to improve the business climate and infrastructure, strengthen education and digital infrastructure, and enhance social protection systems and their connection to employment initiatives; welcomes the inclusion of human capital-related reforms in the Growth Plan Reform Agenda and calls on North Macedonia to dedicate sufficient effort to implementing these reforms to achieve sustainable results in the development of human capital for children and young people, as the foundation of resilient societies and sustainable growth;

    58. Welcomes the adoption of the Reform Agenda and the multiannual work programme under the Reform and Growth Facility for North Macedonia, which will provide support for small and medium-sized enterprises, cut red tape and digitalise the public system, and welcomes the steps provided for in the Reform Agenda regarding the digital infrastructure roll-out and the new Law on Electronic Communications, aligning the national legislation with the relevant EU acquis and keeping up with the digital transition worldwide;

    59. Encourages labour market activation strategies for young people, the long-term unemployed, and low-skilled individuals, as well as for women, persons with disabilities and Roma, and calls for these measures to be properly evaluated; takes note of the long-term improvement in unemployment rates, notes, however, that this must be accompanied by a rise in real wages, the improvement of working conditions and the protection of workers’ rights, including trade union rights; calls for the full implementation of the Law on the Peaceful Settlement of Labour Disputes;

    60. Encourages North Macedonia to advance its digital transformation, particularly by improving the digital skills of all citizens and by providing online access to public services; recognises the demographic challenges faced by North Macedonia, including population decline, the emigration of young professionals, and an ageing workforce, and underlines the need to address the brain drain, especially in the medical, technological and educational fields; calls for the implementation of targeted policies to reverse the brain drain, enhance family-friendly social policies and attract return migration; encourages cooperation with the EU on demographic resilience strategies, including labour market incentives, housing support for young families, and investment in education and skills development to align with future job market needs; calls for increased support for innovation and competitiveness;

    61. Welcomes the positive effects of the Youth Guarantee on the reduction of youth unemployment; calls on North Macedonia to intensify its efforts to reduce the unemployment rate of young people aged between 15 and 24, which remains high at 29.3 %; underlines the need to address social challenges, ensure quality employment policies, foster upward social cohesion and convergence towards EU standards and support progress on the principles of the European Pillar of Social Rights;

    62. Welcomes the efforts to amend the labour law; urges full alignment of the Law on Working Relations with EU directives to effectively guarantee the right to equal pay for equal work, ensure pay transparency and enhance protection against discrimination based on pregnancy and maternity; insists on the need to strengthen the competencies and capacities of the State Labour Inspectorate to ensure effective protection of workers’ rights, including safeguards against labour discrimination;

    63. Commends North Macedonia for joining the single euro payments area (SEPA), recognising this as an important step toward deeper financial integration with the European market and the facilitation of faster, more efficient cross-border transactions; urges North Macedonia to introduce structural reforms to strengthen the economy and secure the country’s debt sustainability;

    64. Welcomes the calls for the prompt integration of all of the Western Balkans into the EU’s digital single market at the earliest opportunity, which would crucially benefit the creation of a digitally safe environment;

    65. Urges the authorities to fully implement existing legal provisions to ensure access to primary healthcare services, with a particular focus on sexual and reproductive health for women, mothers and children, and eliminate barriers related to geography, finances or other hardships; calls for targeted measures to support vulnerable groups of women in accessing healthcare, including Roma women, rural women and those living in poverty;

    66. Welcomes the progress made in the implementation of the Strategy for Inclusion of Roma 2022-2030; regrets, however, that the strategy lacks a clear approach to participation, empowerment and capacity building; calls on the authorities to implement the respective action plans, ensuring proper monitoring and meaningful and transparent participation of civil society organisations, notably from the Roma community;

    Environment, biodiversity, energy and transport

    67. Welcomes the adoption of the Energy Law in 2025 and underscores its importance for guaranteeing a safe, secure and high-quality supply of energy as well as for creating an efficient, competitive and financially sustainable energy sector; encourages the authorities to continue on this ambitious path and recalls that additional efforts are needed to fully meet the targets for energy efficiency, renewable energy, security of supply and emissions reductions; urges the country’s authorities to align their environment and climate change legislation with the EU acquis and to ensure its enforcement; notes, with concern, the lack of progress on climate action and the pending adoption of key legislation; stresses the need to integrate gender equality and social inclusion into climate action planning so that women, low-income households and marginalised communities are actively consulted and benefit equitably from the transition;

    68. Welcomes the European Investment Bank’s continued financial and technical support in North Macedonia, including strategic infrastructure projects such as the Rail Corridor VIII, the Skopje wastewater treatment plant, and municipal water infrastructure development; calls for an inclusive and just transition which protects the socially vulnerable, by mobilising public and private financing for the green transition, fully operationalising dedicated funding mechanisms and leveraging EU and international support; stresses the need to address the problems of a lack of specialised staff and weak institutional and administrative capacity, which undermine quality control and the adequate performance of environmental impact assessments;

    69. Notes, with concern, that air and water quality and wastewater management remain particularly challenging issues for the country; urges the central government and local authorities to step up their efforts in order to improve air quality and reduce potentially lethal pollution; recalls that the situation is particularly alarming in Skopje, which has consistently been one of the most polluted cities in Europe;

    70. Recognises North Macedonia’s great potential as a regional hub with regard to the use of renewable energy sources; urges North Macedonia to fully align its environmental impact assessment with the EU acquis, with a particular focus on secondary legislation concerning small hydropower projects;

    71. Stresses the urgent need to prioritise environmental protection; strongly urges the authorities to adopt the necessary legislation and to step up measures on biodiversity, water, air and climate action, and regional waste management, including through comprehensive impact assessments, rigorous prosecution of environmental crime and proper public consultation that allows for the meaningful and transparent involvement of local communities, NGOs and scientific institutions;

    72. Calls on North Macedonia to establish legal protections for Emerald Sites designated under the Convention on the Conservation of European Wildlife and Natural Habitats (the Bern Convention) to safeguard them from environmentally harmful projects; encourages the country to expand its protected areas, with a view to fulfilling the Kunming-Montreal Global Biodiversity Framework targets; reiterates the urgent need to adopt the law on the re-proclamation of Mavrovo National Park to ensure the continuation and completion of its essential conservation efforts; encourages North Macedonia to include Jablanica on its list of protected areas, thus ensuring the conservation of habitats that are critical to the survival of species;

    73. Encourages the authorities of North Macedonia to implement stricter protection and management strategies for the habitats of endangered species, as well as for the species themselves, particularly the Balkan lynx, including rigorous enforcement of laws against wildlife crimes, specifically illegal killing and poaching, to safeguard biodiversity;

    74. Welcomes North Macedonia’s continued cooperation with Kosovo and Albania regarding the transboundary Sharr Mountains National Park; encourages North Macedonia to intensify and speed up collaborative efforts with its neighbouring countries to designate transboundary protected areas and establish coherent transboundary management plans;

    75. Stresses the need to tackle financial challenges faced by national parks to improve various aspects, including human resources and overall management, with the aim of strengthening their role in biodiversity conservation, providing recreational opportunities and supporting local economies;

    76. Welcomes the progress made in the construction of the Corridor VIII of the Trans-European Transport Network (TEN-T) and commends the completion of the Kriva Palanka–Dlabochica–Stracin expressway; urges, however, the authorities of North Macedonia to step up their efforts to prioritise sustainable transport and upgrade energy infrastructure work towards integration in European networks and regional connectivity as well as to address persistent delays in the development of critical infrastructure, including through bilateral negotiations; calls on the Commission to assist in these efforts where needed;

    77. Calls for additional efforts to accelerate progress on all priority sections of the core network for both rail and road, including by increasing the number of border crossings wherever possible; notes the strategic importance of Corridor VIII for the EU’s and NATO’s geostrategic autonomy, serving as a key logistics route along NATO’s southern flank;

    Regional cooperation and foreign policy

    78. Welcomes North Macedonia’s valuable and significant contributions to regional cooperation and stability via its engagement in regional economic and diplomatic initiatives such as the Berlin Process, the Growth Plan for the Western Balkans, and the implementation of common regional market agreements, underlining the importance of their inclusiveness;

    79. Welcomes the country’s commitment to nurturing good neighbourly relations and acknowledges its role as a model for the peaceful resolution of bilateral disputes through dialogue and mutual understanding; emphasises, in this regard, the importance of full implementation of international agreements with tangible results in good faith by all sides, including the Prespa Agreement with Greece and the Treaty of friendship, good neighbourliness and cooperation with Bulgaria; calls for consistent commitment to dialogue and cooperation with neighbouring countries to strengthen regional stability and foster mutual trust; calls for the further promotion of people-to-people contacts across south-eastern Europe;

    80. Expresses concern about the so-called ‘Serbian world’ project and that some representatives of the Government of North Macedonia have been advocating and promoting this concept; condemns the participation in meetings that attempt to establish a sphere of influence undermining the sovereignty of other countries and the stability of the region;

    81. Recalls the need to open up Yugoslav secret service archives (UDBA and KOS), kept in both North Macedonia and Serbia; emphasises the need to open these archives region-wide to deal with the totalitarian past in a transparent way, with a view to strengthening democracy, accountability and institutions in the Western Balkans;

    82. Welcomes North Macedonia’s continued commitment to Euro-Atlantic security; commends North Macedonia’s active role in the OSCE, in particular its chairmanship of the OSCE in 2023 in a complex geopolitical environment, and substantial contributions to EU crisis management missions and military operations; commends the country’s alignment with the EU’s foreign, security and defence policy, including its clear-cut response to  Russia’s war of aggression in Ukraine by aligning with the EU’s restrictive measures against Russia and Belarus and providing support to Ukraine; welcomes the signing of a security and defence partnership with the EU in 2024;

    83. Regrets, however, that North Macedonia, was the only country in the Western Balkans to abstain on the European resolution on Ukraine in the UN General Assembly in February 2025 and instead co-sponsored the US resolution, alongside countries such as Georgia and Hungary, representing a negative signal regarding North Macedonia’s alignment with the EU’s common foreign and security policy and with the collective European commitment to upholding peace, international law and democratic principles;

    84. Acknowledges North Macedonia’s NATO membership as a significant geostrategic contribution to regional security and Euro-Atlantic stability, including through the country’s active participation in NATO missions and operations and its strategic role in fostering peace and cooperation in the Western Balkans, as well as through the ongoing modernisation of its armed forces and reforms in the fields of crisis management, critical infrastructure and cyber defence; highlights the fact that NATO membership strengthens North Macedonia’s defence capabilities, enhances security coordination with EU and NATO allies, and serves as a deterrent against external destabilisation efforts; encourages North Macedonia to deepen cooperation with the EU and NATO on countering hybrid threats, including through cybersecurity coordination, joint disinformation tracking and resilience-building, and to pursue its efforts to deter external destabilisation attempts; encourages North Macedonia to continue its investment in defence modernisation and alignment with NATO strategic priorities in order to further solidify its role as a reliable security partner;

    85. Welcomes the agreement concluded at the EU-Western Balkans summit in Tirana on reduced roaming costs; calls, in this respect, on the authorities, private actors and all stakeholders to facilitate achieving the agreed targets of a substantial reduction of data roaming charges between the Western Balkans and the EU and further reductions leading to prices close to the domestic prices by 2027; welcomes the entering into force of the first phase of implementation of the roadmap for roaming between the Western Balkans and the EU;

    86. Instructs its President to forward this resolution to the President of the European Council, the Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the governments and parliaments of the Member States, and the President, Government and Assembly of the Republic of North Macedonia.

    MIL OSI Europe News

  • MIL-OSI Europe: Highlights – The European Union at a glance: see the Fact Sheets online

    Source: European Parliament

    Fact Sheets on the European Union © European Parliament (2018)

    The Fact Sheets on the EU provide an overview of European integration and of Parliament’s contribution to that process. They present a brief summary of the EU’s institutions and policies, and of Parliament’s role in their development. Available in 24 languages, they cover five main areas: how the EU works; economy, science and quality of life; cohesion, growth and jobs; fundamental rights, security and justice; and the EU’s external relations. The online version is updated regularly.

    MIL OSI Europe News

  • MIL-OSI Europe: Latest news – 30 June – 3 July: Committees and Political Groups

    Source: European Parliament

    In the week of 30 June, Members’ work is split between meetings in Parliamentary Committees and political groups. During this week, a Committee on Development will send a delegation to the 4th Financing for Development Conference (FfD4) in Seville to exchange views with stakeholders and support reforms of the international financial architecture. Meanwhile, the Committee on Agriculture and Rural Development will discuss draft reports on the livestock and wine sectors, focusing on a sustainable future for the EU livestock sector and on structural support measures in the wine sector. Follow the links below to discover this week’s highlights.

    MIL OSI Europe News

  • MIL-OSI Europe: Press release – Consumer rights: Deal on out-of-court dispute resolution rules

    Source: European Parliament

    Thursday’s agreement between Parliament and Council aims to increase consumer awareness and encourage greater business participation in out-of-court dispute solutions.

    Alternative dispute resolution (ADR) involves impartial, out-of-court bodies, such as conciliators, mediators, arbitrators, the ombudsmen and complaints boards, helping consumers and companies resolve issues amicably, in a fair and low-cost manner.

    The agreed rules aim to modernise the existing ADR rules for the digital economy, making it easier to resolve cross-border disputes and streamlining procedures for both consumers and businesses.

    Scope and third-country traders

    The agreed rules clarify the scope of the ADR framework to consumer rights disputes stemming from a contract, including issues that occur before the contract (e.g. advertising and information provision) and after it ends (e.g. use of digital content).

    Considering that 2 out of 5 online transactions made by EU consumers are with traders established in third countries, the agreement allows for such traders to participate in ADR procedures as well.

    Boosting participation and ensuring trader accountability

    Unless specific EU law or national legislation imposes trader participation in out-of-court dispute resolution, businesses will continue to be free to decide whether to participate in alternative dispute resolution or not. To boost trader and consumer participation, member states should put in place measures encouraging out-of-court settlements, for example through information campaigns, certificates or financial incentives. In doing so, they should pay particular attention to sectors with a high number of consumer complaints, especially the transport and tourism sectors, including air passenger rights.

    The agreed rules introduce a duty for traders to respond whether they intend to engage in the proposed procedure when a consumer requests ADR intervention. Negotiators agreed that this period should not exceed 20 working days (30 in complex cases). A lack of a response would be treated as a refusal, allowing cases to be closed.

    Streamlining and user-friendly information

    The agreed measures allow ADR entities to bundle similar cases against the same trader together (with consumer consent), leading to faster and more coherent procedures.

    They must maintain websites where consumers can easily find information on such procedures, as well as submit and track their complaints online.

    Quote

    Parliament’s rapporteur Laura Ballarín Cereza (S&D, ES) said: “The revision of the ADR directive represents a significant step forward for consumer rights. Under the new agreement, member states are expected to put in place incentive measures to encourage the participation of both consumers and traders in alternative dispute resolution procedures, especially in sectors that have been the subject of repeated consumer complaints —such as airline carriers. The revised directive also extends the scope to third-country traders, given the current importance of e-commerce.”

    Background

    If a consumer has a problem with a product or service that they bought, for example if a trader refuses to repair a product or issue a refund, they have the option to settle the dispute out of court using an alternative dispute resolution procedure, a low-cost and simple alternative to court procedures. Each year, approximately 300 000 eligible disputes between consumers and traders are handled by ADR entities, with resolution rates ranging from 17 % to 100 % across the EU. Despite this, ADR uptake remains low, due in part to low consumer awareness, low trader engagement, coverage gaps, high costs and complex procedures in some member states.

    Next steps

    Parliament and the Council have concluded an “early second reading agreement”. The Council is expected to adopt this agreement formally, after which Parliament will vote to endorse it in plenary, at second reading.

    The directive will enter into force 20 days after its publication in the EU Official Journal. The provisions will start to apply after 32 months.

    MIL OSI Europe News

  • MIL-OSI Africa: Key Policy Debates Shaping Africa’s Mining Future at African Mining Week (AMW) 2025


    Download logo

    As Africa positions itself at the forefront of the global energy transition, the continent’s mining sector faces pivotal policy decisions that will determine its role in the future supply of critical minerals. African Mining Week (AMW) 2025, taking place in Cape Town from October 1-3, emerges as a premier platform for stakeholders to engage in these crucial discussions, fostering collaboration and investment across the mining value chain.

    Enhancing Value Addition and Local Content

    African countries are increasingly focusing on in-country mineral processing to maximize economic benefits. Gabon, for instance, has reformed its mining code to offer tax holidays and modest royalties, aiming to boost the mining sector’s contribution to GDP to over 30% by the mid-2030s. South Africa is also encouraging investors to participate in local beneficiation initiatives, emphasizing the mining industry’s role in job creation and economic development. AMW 2025 will spotlight these initiatives, providing a platform for stakeholders to explore opportunities in value addition and discuss policies that promote local processing and industrialization.

    Addressing Energy Challenges and Infrastructure Gaps

    Reliable infrastructure and energy access are critical for mining operations. Projects like the $15.6 billion Lagos-Abidjan Highway, slated for construction in 2026, aim to connect multiple West African countries, facilitating the transport of minerals and boosting regional trade. AMW 2025 will explore innovative solutions and investment opportunities to enhance energy security and infrastructure, ensuring sustainable and efficient mining activities across the continent.

    Formalizing Artisanal and Small-Scale Mining

    Artisanal and small-scale mining (ASM) plays a significant role in Africa’s mining landscape, yet it often operates informally, leading to environmental degradation and social challenges. Efforts are underway to formalize ASM operations: Ghana is actively formalizing its ASM sector through a series of initiatives aimed at enhancing regulation, environmental sustainability and economic integration. Key measures include the establishment of the Ghana Gold Board, which centralizes the purchase and export of gold from licensed small-scale miners to curb smuggling and increase state revenue. At AMW 2025, sessions will focus on strategies and policies adopted by mineral-rich nations to empower small-scale mining operations, promoting responsible practices and integrating these operations into the broader mining economy.

    ESG Compliance: Aligning with Global Standards

    As global scrutiny around environmental, social, and governance (ESG) practices intensifies, African mining companies face mounting pressure to align with evolving sustainability expectations. According to an EY survey, international mining executives identified ESG as the top risk to their business in 2024, underscoring its growing strategic importance. At AMW 2025, dedicated sessions will explore how African operators can strengthen ESG compliance – minimizing environmental impact, promoting fair labor practices and aligning operations with global standards to remain competitive and responsible in a shifting investment landscape.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa

  • MIL-OSI United Kingdom: SFO and DOJ affirm commitment to joint working to tackle crime

    Source: United Kingdom – Executive Government & Departments

    Press release

    SFO and DOJ affirm commitment to joint working to tackle crime

    The Director of the Serious Fraud Office met with the Head of the Criminal Division at the US Department of Justice this week.

    The Director of the Serious Fraud Office (SFO) met with the Head of the Criminal Division at the US Department of Justice (DOJ) this week as part of strengthening their important partnership in tackling financial crime.

    The meeting covered the DOJ’s latest white collar crime policies and the SFO and DoJ’s shared commitment to encouraging voluntary self-disclosure from companies as well as positive action to reduce the length of complex investigations to deliver swifter justice.    

    The meeting comes soon after the DOJ published its new white collar crime enforcement plan.   

    Director of Serious Fraud Office, Nick Ephgrave QPM, said:

    I was delighted to meet with Matthew Galeotti, Head of Criminal Division at the US Department of Justice. 

    Fraud, bribery, and corruption have a deeply damaging impact on people’s lives and our respective economies. This week we re-affirmed our long-standing commitment to working together wherever possible to tackle this threat.   

    This meeting marks a significant milestone for us as we continue to strengthen our international approach to fighting financial crime with key partners. Together, we can more effectively pursue criminals and deliver justice.

    Head of the Department of Justice’s Criminal Division, Matthew Galeotti, said:

    This week, I met with Nick Ephgrave, Director of the UK’s Serious Fraud Office, and we discussed the strategies and tools available to combat fraud and restore the integrity of our markets and bring justice to victims. 

    The Criminal Division and SFO have been partners in this fight for many years, and I look forward to strengthening our cooperation and our shared commitment to root out insidious white-collar crime.

    Press Office

    Email news@sfo.gov.uk

    Out of hours press office contact number +44 (0)7557 009842

    Updates to this page

    Published 27 June 2025

    MIL OSI United Kingdom

  • MIL-OSI Europe: 2024-03-27 at 16h49 The four crises and seven structural shifts of the last eight years Prime Minister António Costa took stock of the last years in government

    Source: Government of Portugal (PM)

    António Costa took stock of the government’s action in the last eight years, where he was Prime Minister, during a press conference held in the official residence.<.>

    António Costa also referred to the financial system’s greater stability. “The state-owned bank, which many felt should be privatised and that it would be impossible to capitalise, is today not only solvent, but also generated due revenue for the Portuguese economy and citizens”, the Prime Minister claimed. 

    The wildland fires crisis 

    The second crisis noted by the Prime Minister was that of wildland fires, the answer to which included restructuring the civil protection system and a budget reform, which offered prevention a clear priority over fighting. As a result, “if we were to add up the entire area burnt down in the six years between 2018 and 2023 [the result] is 60.7% of the area burnt down in 2017 alone”, he stressed.

    The Covid-19 pandemic 

    The country’s response to this third crisis was “worthy of note”, claimed the Prime Minister. “We were the first country in the world to reach a vaccination coverage of 85%. And the efforts to support the economy and households allowed us to be one of the countries that best came out of the pandemic”, he added. 

    The inflationist crisis

    The fourth crisis arose from the effects of the pandemic, which was still felt, and the war between Russia and Ukraine. This conflict “worsened a situation that came from the pandemic, with the breakdown in supply chains, which led us to the greatest inflationist crisis of the last 30 years”. 

    The rises in interest rates by the European Central Bank to respond to rising inflation “in a society such as hours where mortgages have a high significance and the variable rates are clearly dominant”, together with rising food costs, shot up household costs. 

    “From the start of 2022 to October 2022, inflation soared. We hit 10.1% inflation in October 2022 and since then we have been on a slow, yet sure, trajectory to lower inflation, until we hit 2.1% last February and the forecast is we will remain on that lowering trajectory”, said the Prime Minister.

    SEVEN STRUCTURAL SHITS

    Higher growth

    The Prime Minister stated that between 2000 and 2015 the country alternated between recession and stagnation. “Only in one year of these 15 did we grow above the European average: in 2009. From 2016 onwards, the reality has been quite different “, he said. “In these eight years, the country grew ten times more than what it had grown in the previous 15”, he signalled, noting the 2.1% growth, including in the two pandemic years, “where product naturally fell drastically”. 

    More jobs and more income

    The creation of jobs and improvement in employment conditions contributed to this economic growth. “Today, we have a record number of people working in Portugal: 5 million people. That is an additional 629 thousand jobs than in 2015. And in a context where it was possible to not just to have minimum wages grow 62%, but also average wages having grown 27.7%”, the Prime Minister indicated.

    In addition to the rise in the minimum wage, the Prime Minister also noted rising pensions and improvement in net income. 

    Always in line with the Social Security Basis Law, in these eight years, average pensions rose 23.3%, “with all the rises set down in the law, as well as extraordinary rises to counter inflation”. 

    The improvement in net income came from the “successive drops in income tax IRS” and the “successive measures of non-monetary transfers that cut household expenses”, such as making school books free, reforming the costs of public transports, increasing the number of households that benefit from energy social rates and the “significant” cut in pubic university fees, that went from more than one thousand euros to 697 euros per annum.

    A more qualified country

    This was the shift the Prime Minister considered “perhaps brings the greatest consequences for the future”. António Costa mentioned the “highly significant” drop in early dropouts, where this year we are below the EU average for 2030, and the rise in the number of youths aged 30 to 34 years who completed higher educaiton in 2015, which can only rise, since “if we look at the youths who are 20 years old, 39% attended university in 2015, and today it’s 54%”. 

    A more competitive economy

    “Every year, we beat records in attracting foreign direct investment. Every year, we beat corporate investment records and corporate investment went up 85% between 2015 and 2023”, the Prime Minister stated, advocating that “what offers a modern economy competitiveness is its capacity to have qualified jobs, being more innovative, and this is what enables that innovation”. 

    António Costa also added that the rise in exports, which in 2022 accounted for more than 50% of GDP, and the change in the nature of exports. “Exports of high and medium tech goods increased 71% over these last eight years, which means that complexifying, qualifying, and the added value of our economy have been clearly on the rise”.

    Less inequality

    “Today we have 600 thousand people less in poverty or social exclusion, and especially 226 thousand children less living in poverty or social exclusion”, said the Prime Minister.

    Taking the lead in fighting climate change

    The sixth shift had to do with the country’s position in taking the lead in fighting climate change. “We were the first country in the world, at the2016 Marrakesh COP to undertake the goal of being carbon neutral by 2050. Our Climate Law imposed on us a greater ambition of hitting that target in 2045 rather than 2050”. 

    Since 2017, Portugal has cut back its GHG emissions by 17% “due to the public transport policy and bringing targets such as closing down coal-fuelled power stations forward and increasing the capacity to generate energy using renewables”, the Prime Minister signalled.

    Advances in the State reform 

    The last structural shift mentioned by the Prime Minister had to do with the advances in the State reform, namely concerning the decentralisation of powers, such as transferring the PSP’s traffic tasks to the Lisbon and Porto municipal police, making Carri or STCP (public transport) municipal, or the agreement with the National Portuguese Municipalities Association (ANMP) to transfer powers. Lastly, António Costa referred to the reform of the Regional Development Coordination Committees (CCDR), that are now more democratised and with greater autonomy. 

    View the Prime Minister’s presentation here 

    MIL OSI Europe News

  • MIL-OSI Europe: 2024-03-27 at 16h49 The four crises and seven structural shifts of the last eight years Prime Minister António Costa took stock of the last years in government

    Source: Government of Portugal (PM)

    António Costa took stock of the government’s action in the last eight years, where he was Prime Minister, during a press conference held in the official residence.<.>

    António Costa also referred to the financial system’s greater stability. “The state-owned bank, which many felt should be privatised and that it would be impossible to capitalise, is today not only solvent, but also generated due revenue for the Portuguese economy and citizens”, the Prime Minister claimed. 

    The wildland fires crisis 

    The second crisis noted by the Prime Minister was that of wildland fires, the answer to which included restructuring the civil protection system and a budget reform, which offered prevention a clear priority over fighting. As a result, “if we were to add up the entire area burnt down in the six years between 2018 and 2023 [the result] is 60.7% of the area burnt down in 2017 alone”, he stressed.

    The Covid-19 pandemic 

    The country’s response to this third crisis was “worthy of note”, claimed the Prime Minister. “We were the first country in the world to reach a vaccination coverage of 85%. And the efforts to support the economy and households allowed us to be one of the countries that best came out of the pandemic”, he added. 

    The inflationist crisis

    The fourth crisis arose from the effects of the pandemic, which was still felt, and the war between Russia and Ukraine. This conflict “worsened a situation that came from the pandemic, with the breakdown in supply chains, which led us to the greatest inflationist crisis of the last 30 years”. 

    The rises in interest rates by the European Central Bank to respond to rising inflation “in a society such as hours where mortgages have a high significance and the variable rates are clearly dominant”, together with rising food costs, shot up household costs. 

    “From the start of 2022 to October 2022, inflation soared. We hit 10.1% inflation in October 2022 and since then we have been on a slow, yet sure, trajectory to lower inflation, until we hit 2.1% last February and the forecast is we will remain on that lowering trajectory”, said the Prime Minister.

    SEVEN STRUCTURAL SHITS

    Higher growth

    The Prime Minister stated that between 2000 and 2015 the country alternated between recession and stagnation. “Only in one year of these 15 did we grow above the European average: in 2009. From 2016 onwards, the reality has been quite different “, he said. “In these eight years, the country grew ten times more than what it had grown in the previous 15”, he signalled, noting the 2.1% growth, including in the two pandemic years, “where product naturally fell drastically”. 

    More jobs and more income

    The creation of jobs and improvement in employment conditions contributed to this economic growth. “Today, we have a record number of people working in Portugal: 5 million people. That is an additional 629 thousand jobs than in 2015. And in a context where it was possible to not just to have minimum wages grow 62%, but also average wages having grown 27.7%”, the Prime Minister indicated.

    In addition to the rise in the minimum wage, the Prime Minister also noted rising pensions and improvement in net income. 

    Always in line with the Social Security Basis Law, in these eight years, average pensions rose 23.3%, “with all the rises set down in the law, as well as extraordinary rises to counter inflation”. 

    The improvement in net income came from the “successive drops in income tax IRS” and the “successive measures of non-monetary transfers that cut household expenses”, such as making school books free, reforming the costs of public transports, increasing the number of households that benefit from energy social rates and the “significant” cut in pubic university fees, that went from more than one thousand euros to 697 euros per annum.

    A more qualified country

    This was the shift the Prime Minister considered “perhaps brings the greatest consequences for the future”. António Costa mentioned the “highly significant” drop in early dropouts, where this year we are below the EU average for 2030, and the rise in the number of youths aged 30 to 34 years who completed higher educaiton in 2015, which can only rise, since “if we look at the youths who are 20 years old, 39% attended university in 2015, and today it’s 54%”. 

    A more competitive economy

    “Every year, we beat records in attracting foreign direct investment. Every year, we beat corporate investment records and corporate investment went up 85% between 2015 and 2023”, the Prime Minister stated, advocating that “what offers a modern economy competitiveness is its capacity to have qualified jobs, being more innovative, and this is what enables that innovation”. 

    António Costa also added that the rise in exports, which in 2022 accounted for more than 50% of GDP, and the change in the nature of exports. “Exports of high and medium tech goods increased 71% over these last eight years, which means that complexifying, qualifying, and the added value of our economy have been clearly on the rise”.

    Less inequality

    “Today we have 600 thousand people less in poverty or social exclusion, and especially 226 thousand children less living in poverty or social exclusion”, said the Prime Minister.

    Taking the lead in fighting climate change

    The sixth shift had to do with the country’s position in taking the lead in fighting climate change. “We were the first country in the world, at the2016 Marrakesh COP to undertake the goal of being carbon neutral by 2050. Our Climate Law imposed on us a greater ambition of hitting that target in 2045 rather than 2050”. 

    Since 2017, Portugal has cut back its GHG emissions by 17% “due to the public transport policy and bringing targets such as closing down coal-fuelled power stations forward and increasing the capacity to generate energy using renewables”, the Prime Minister signalled.

    Advances in the State reform 

    The last structural shift mentioned by the Prime Minister had to do with the advances in the State reform, namely concerning the decentralisation of powers, such as transferring the PSP’s traffic tasks to the Lisbon and Porto municipal police, making Carri or STCP (public transport) municipal, or the agreement with the National Portuguese Municipalities Association (ANMP) to transfer powers. Lastly, António Costa referred to the reform of the Regional Development Coordination Committees (CCDR), that are now more democratised and with greater autonomy. 

    View the Prime Minister’s presentation here 

    MIL OSI Europe News

  • MIL-OSI: Same Day Payday Loan Instant Approval No Credit Check for Urgent Needs – Radcred Launches Loan Payday Loan Platform for Financial Relief for Borrowers in the U.S.

    Source: GlobeNewswire (MIL-OSI)

    Glendale, California, June 27, 2025 (GLOBE NEWSWIRE) — Radcred, a leading fintech platform, has introduced a groundbreaking solution for borrowers in need of urgent financial relief: a same-day payday loan platform with instant approval and no credit check. Designed to meet the pressing demands of today’s financial landscape, Radcred’s new platform offers a streamlined, fast, and secure process for accessing payday loans, regardless of credit history. This innovative service is a direct response to the growing financial pressures faced by Americans, including rising living costs, inflation, and job insecurity.

    Rising Need for Fast Payday Loans

    The demand for quick, accessible online payday loans has intensified in recent years. A recent Federal Reserve report revealed that over 60% of Americans couldn’t cover a $400 emergency expense without relying on credit cards, borrowing, or selling personal belongings. As inflation continues to rise, families are feeling the strain more than ever. Unexpected bills ranging from medical emergencies to car repairs are forcing many to seek immediate financial solutions. Traditional banks and lenders often take too long, require a good credit score, or impose strict terms, leaving millions underserved.

    This gap has created a massive demand for platforms that can offer quick, reliable, and easy-to-access payday loans. Radcred’s same day payday loan service perfectly fills this need, ensuring that Americans can access the funds they need without the long wait or complex processes typically associated with traditional loans.

    Radcred’s Role in Revolutionizing Payday Lending

    Radcred’s fully online platform offers a fast, convenient, and straightforward solution for accessing payday loans. Unlike traditional payday lenders that require borrowers to visit physical locations, it operates entirely online, allowing borrowers to apply for payday loans from the comfort of their homes. This digital-first approach significantly reduces time constraints and eliminates the need for excessive paperwork.

    The platform is known for providing no credit check loans. In an industry that often relies on hard credit checks, Radcred’s platform only performs soft inquiries, ensuring that your credit score remains unaffected. This makes the service particularly beneficial for borrowers with poor credit or those who have been traditionally shut out of the lending process.

    The Growing Demand for No Credit Check Payday Loans

    The demand for payday loans with no credit check is growing rapidly, especially as more individuals face challenges securing financing from traditional sources. According to a recent report by the Consumer Financial Protection Bureau (CFPB), payday lending has become a go-to solution for millions of Americans who are either underbanked or face financial setbacks. The lack of access to traditional bank loans due to poor credit histories has made payday loans a necessary financial lifeline.

    Radcred’s platform provides same day personal loans for bad credit solution that is both convenient and accessible. By removing the need for a hard credit check, it ensures that individuals with poor or no credit history have the opportunity to receive fast loans. With no collateral required and minimal documentation, Radcred’s service is making financial assistance available to a broader audience.

    Why Same Day Payday Loans Are Essential for Today’s Borrowers?

    Unexpected expenses can arise at any time, often when funds are least available. Whether it’s an emergency medical bill, a car repair, or overdue rent, having access to fast cash can make all the difference. Traditional loans are often time-consuming, requiring credit checks, paperwork, and extended approval processes. For individuals facing urgent financial situations, these delays can result in missed deadlines, penalties, or additional financial stress.

    Radcred’s same day payday loan service addresses this issue by providing immediate access to funds without the long wait. Borrowers can complete the entire application process in just a few minutes and receive Instant payday loans  in as little as a few hours, often on the same day. This quick turnaround is crucial for individuals facing time-sensitive financial issues.

    Radcred’s Easy Loan Process

    Radcred has simplified the payday loan process to make it as fast and efficient as possible. The entire loan application can be completed online, without the need for in-person visits or cumbersome paperwork. Here’s a breakdown of the process:

    Step 1: Complete the payday loan application online. It takes only a few minutes to provide the necessary details.
    Step 2: Radcred performs a soft credit check to assess your eligibility for the loan. This does not impact your credit score.
    Step 3: Based on the information provided, Radcred instantly matches you with a licensed lender offering the loan terms that best fit your needs.
    Step 4: Review the loan offers, including fees, interest rates, and repayment terms. Choose the loan offer that works for you.
    Step 5: Accept the offer, and funds are transferred to your bank account, often within hours or on the same day.

    This streamlined process provides instant funds with minimal hassle. Radcred’s digital platform enables borrowers to apply, get approved, and receive funds with minimal effort and maximum speed.

    Need Emergency Cash? Submit Your Application for Same-Day Payday Loans

    Radcred vs. Traditional Payday Lenders

    As more borrowers turn to quick financial solutions, Radcred distinguishes itself from traditional payday lenders by offering online payday loans that are faster, more transparent, and more accessible, particularly for those with bad credit. Here’s how Radcred is changing the payday loan landscape compared to traditional lenders.

    Fully Online Platform
    Unlike traditional payday lenders that require in-person visits, Radcred’s platform is entirely online. Borrowers can apply for bad credit loans anytime, anywhere, making it convenient and accessible.

    No Credit Check Required
    Traditional payday lenders rely on hard credit checks, which can impact your credit score. Radcred uses soft inquiries that don’t affect your credit, ensuring a smooth, risk-free process.

    Instant Loan Approval and Same-Day Funding
    Radcred offers instant loan approvals, speeding up the process and ensuring quick access to funds. Unlike traditional lenders, Radcred guarantees same-day funding, directly transferring money to your bank account.

    Transparent Loan Terms
    Radcred provides clear, upfront information about loan amounts, interest rates, fees, and repayment schedules, ensuring no hidden fees or surprises.

    Flexible Loan Options for Bad Credit
    Radcred specializes in offering loans for bad credit, making it easier for those with poor credit to qualify. There’s no collateral needed, simplifying the process and reducing risk.

    No Physical Locations
    Unlike traditional lenders, Radcred operates entirely online, offering privacy and convenience in a secure digital environment.

    Why Radcred’s Service is Perfect for Emergency Payday Loan?

    Life can be unpredictable, and financial emergencies can arise unexpectedly. Whether it’s a medical bill, car repair, or overdue rent, having quick access to funds is crucial. For those with poor credit, traditional lenders may be inaccessible. Radcred’s same-day payday loans provide a fast, digital solution. 

    The platform’s simple application process offers instant loans for bad credit, with funds transferred in hours, ensuring relief when it’s needed most. Unlike traditional loans that take days, Radcred’s service allows borrowers to access cash almost immediately, offering essential financial support during urgent situations.

    Legal & Compliance Information

    Radcred’s platform ensures full legal and regulatory compliance by partnering only with licensed lenders who adhere to state and federal lending laws. This guarantees that all loan offers are transparent and legally compliant. The loan application process follows strict data security protocols, utilizing encryption technology to protect users’ personal and financial information. 

    Radcred also adheres to all payday lending regulations, ensuring loan amounts, interest rates, and repayment terms are clearly outlined. Borrowers are encouraged to carefully review all terms and conditions before accepting a loan offer, ensuring full understanding and transparency throughout the process.

    About Radcred

    Founded in 2018, Radcred is a U.S.-based fintech platform designed to help individuals access payday loans quickly and efficiently. The platform connects borrowers with licensed lenders offering payday loans, eliminating the lengthy application processes and strict credit checks typically associated with traditional lenders. With a focus on convenience, speed, and transparency, Radcred has quickly gained recognition as a trusted provider of fast, no-credit-check payday loans.

    Final Thoughts: Same Day Payday Loans for Immediate Relief

    Radcred’s same day payday loan platform provides a fast and efficient solution for individuals facing urgent financial challenges. With a simple online application, no credit check, and funds available within hours, the service is a lifeline for many Americans. Whether it’s an emergency medical bill, car repair, or overdue rent, Radcred ensures that borrowers have access to the funds they need, when they need them.

    Disclaimer
    Radcred is not a lender and does not make credit decisions. Third-party lenders make loan offers, determine APRs, establish repayment terms, and approve or deny applications. Loan amounts and availability may vary by state and applicant qualification. Always review the terms and conditions before accepting a loan. Payday loans are intended for short-term use and may not be suitable for long-term financial planning.

    The MIL Network

  • MIL-OSI: LET Mining Launches Modern Cloud Mining Platform to Make Crypto Earnings Accessible and Eco-Friendly

    Source: GlobeNewswire (MIL-OSI)

    London, UK, June 27, 2025 (GLOBE NEWSWIRE) — Amid growing demand for passive income in the digital asset space, UK-based company LET Mining has officially launched its next-generation cloud mining platform, aiming to make cryptocurrency earnings more accessible, transparent, and environmentally responsible. The company offers users a simplified entry into mining top digital assets like Bitcoin, Dogecoin, Litecoin, and Ethereum — all without the need to purchase or manage physical equipment.

    LET Mining enters the market at a time when many investors are seeking lower-risk, infrastructure-free ways to participate in the cryptocurrency economy. With traditional mining becoming increasingly expensive and energy-intensive, cloud-based models offer a scalable, remote solution — particularly when paired with a user-friendly platform and clean energy infrastructure.

    According to the company, LET Mining’s entire ecosystem is powered by renewable energy sources, including solar and wind. All contracts are hosted in optimized data centers with 24/7 monitoring and automated daily payout features. The platform is designed to serve both individual users and institutional clients, offering fixed-term contracts with defined daily return rates and transparent pricing.

    “Our vision with LET Mining is to strip away the complexity and high cost of traditional mining,” said Lillian Austen, Advertising Manager at LET Mining. “We’ve built a platform that allows users to begin earning crypto in minutes, backed by green energy, real-time tracking, and around-the-clock support.”

    LET Mining also offers flexible entry points for users at all levels — including a free starter plan for beginners, as well as advanced options for high-volume investors. Each contract is priced to include all operational costs (electricity, maintenance, hosting), so users don’t need to worry about hidden fees.

    The company’s proprietary dashboard provides real-time visibility into earnings, contract performance, and referral rewards. Users are paid daily and can reinvest or withdraw funds at their convenience.

    In addition to its core mining features, LET Mining offers a referral program that enables users to earn additional commissions by inviting others to the platform. The program is designed to reward both the referrer and the new user, encouraging growth and long-term engagement.

    Getting started with LET Mining is a streamlined process. Users can register on the platform, verify their identity, select a mining plan, and fund their wallet using supported cryptocurrencies such as BTC, ETH, DOGE, LTC, or USDT. Once the contract is activated, mining begins automatically, and users can view their earnings grow in real time.

    LET Mining has emphasized that its long-term roadmap includes the integration of DeFi tools, NFT-linked mining contracts for added transparency, and further expansion into regulated jurisdictions.

    As passive crypto income continues to gain traction worldwide, LET Mining presents a forward-thinking alternative that aligns with both financial opportunity and environmental responsibility.

    About LET Mining
    LET Mining is a London-based cloud mining platform focused on simplifying and democratizing access to digital asset mining. Through hosted infrastructure powered by renewable energy and a fully managed user dashboard, the company offers secure and scalable mining contracts for Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies — with no hardware or technical expertise required.

    Media Contact
    Lillian Austen
    Advertising Manager, LET Mining
    info@letmining.com
    https://letmining.com

    Attachment

    The MIL Network

  • MIL-OSI: Bitget Leads Altcoin Liquidity Among Major Crypto Exchanges, According to CoinGecko Report

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 27, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is now the most liquid platform for altcoins within the 0.3–0.5% price interval, as per reports released by CoinGecko analyzing centralized exchange (CEX) liquidity across key digital assets. This finding comes from a comparative study of order book depth across major trading venues including Binance, Bybit, OKX, Kraken, and Coinbase.

    The report, titled “2025 State of Crypto Liquidity on CEXes,” examined order book snapshots and deviation spreads for top-traded tokens such as BTC, ETH, XRP, SOL, and DOGE. It measured liquidity within various price intervals from the mid-market rate, providing a granular view of the actual executable volume for traders. While Binance retained the largest depth for Bitcoin, Bitget outperformed all other platforms in terms of liquidity provisioning for non-BTC assets in the mid-depth trading band.

    The analysis highlighted that Bitget consistently maintained superior liquidity for altcoins—particularly within the 0.3% to 0.5% spread from market price—suggesting a favorable trading environment for investors seeking tighter spreads and reduced slippage outside of Bitcoin-heavy strategies. This result positions Bitget as the preferred platform for altcoin traders, as tighter spreads often signal healthier market participation and reduced execution costs.

    “Altcoin liquidity is a measurement for market depth, and this ranking shows how far Bitget has come. Today, institutions drive 80% of our spot volume, futures activity from professional firms has doubled, and 80% of top quant funds trade on Bitget. Liquidity is infrastructure — and we’re building it where the market needs it most,” said Gracy Chen, CEO at Bitget.

    CoinGecko’s liquidity evaluation focused not just on headline volumes but on actual order book thickness and slippage tolerance at different price bands, making it a more accurate reflection of trading experience. Bitget’s strong presence in these middle bands shows its capacity to sustain meaningful trading depth beyond high-cap assets, which remains a challenge for many centralized platforms.

    In an increasingly fragmented liquidity landscape, the report suggests that Bitget’s performance could be attributed to active market-making infrastructure, listing strategy, and strong retail and institutional participation in the altcoin segment. The findings are particularly relevant as trading costs and depth disparities remain a priority for professional traders and funds operating across multiple venues.

    To read the full report, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9ae8f2c1-46a6-4f06-af5a-2e02b8c8ea56

    The MIL Network

  • MIL-OSI Africa: Africa’s development banks are being undermined: the continent will pay the price

    Source: The Conversation – Africa – By Danny Bradlow, Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria

    Ghana and Zambia’s official creditors are pressing them to default on loans to two African multilateral financial institutions: the African Export-Import Bank (Afreximbank) and the Trade and Development Bank (TDB).

    These creditors, in effect, are demanding that the two countries prioritise repayments to themselves over payments to these two banks.

    As academics who have worked on the challenges of financing sustainable development in Africa, we believe this action is short-sighted.

    The action by Ghana and Zambia’s official creditors has two significant implications.

    First, they are demanding that the two countries treat Afreximbank and the Trade and Development Bank as commercial creditors. This would undermine the banks’ credit ratings and increase their borrowing costs. It would also reduce their capacity to finance sustainable development in Africa.

    Second, pressing Ghana and Zambia to default, rather than supporting pragmatic restructuring aligned with their strong growth prospects, exacerbates Ghana and Zambia’s financial vulnerability. Either they would have to use scarce resources to pay these debts or default on their obligations, in which case, the banks might well sue them.

    Quotes from Ghana and Zambia’s ministries of finance suggest the decision to default is their own. However, they faced intense pressure from their official creditors to treat the two African multilateral financial institutions differently from all their other multilateral creditors.

    Why does this differential treatment matter?

    Preferred creditor status

    Multilateral financial institutions, including the World Bank and African Development Bank, have a preferred creditor status. This is in recognition of the special role they play. They are expected to provide relatively low-cost funding for public investment, economic stability and long-term sustainable development in low- and middle-income countries.

    Their preferred creditor status ensures that, when countries experience debt distress, their development mandate is prioritised over the concerns of commercial creditors. Commercial creditors normally only fund commercially viable transactions. They charge high interest rates to compensate for the risk of default on these transactions.

    Both Afreximbank and Trade and Development Bank were created to fill a gap in Africa’s access to critical development finance. They provide financing for projects and transactions that commercial institutions and other multilateral financial institutions cannot – or will not – provide, because of capital limits, regulations or perceptions of risk.

    For example, Afreximbank’s charter notes that

    the decline in African exports has impacted adversely on the economies of African states and hindered their ability to achieve a self-reliant development.

    It further recognises that stimulating economic development

    can best be achieved through the creation of a trade financing international institution whose principal purpose is to provide and mobilise the requisite financial resources.

    Historically, it has enjoyed preferred creditor status to support its role in meeting this purpose.

    Why preferred creditor status is being challenged

    The two countries’ official creditor committees, the rating agency Fitch and other commentators are challenging the preferred creditor status of the two African institutions. They argue that the two banks are different from multilateral financial institutions like the World Bank and the African Development Bank that only have states as shareholders. They suggest that the private shareholders in the two African banks should not benefit from preferred creditor status. Instead, they should receive the same status as commercial creditors.


    Read more: Ghana and Zambia have snubbed Africa’s leading development bank: why they should change course


    This view ignores the reason that Afreximbank’s and the Trade and Development Bank’s member states authorised them to have private shareholders. It was a deliberate, pragmatic measure designed to fill a gap in Africa’s access to affordable development finance.

    The idea was to create new multilateral institutions that could raise capital flexibly and quickly on terms that the individual African states could not match on their own. Several other regional development banks have this hybrid model, including CAF, a highly rated development bank in Latin America.

    It is perverse that this creative and pragmatic approach to filling a gap in the global financial system is now being used against the two African banks.

    The consequences

    The cost of capital for the two African financial institutions will increase if they are treated like commercial creditors. This will reduce their capacity to lend and their financing will become more expensive. It will also deepen inequality in the global financial system. Lastly, it will increase the risk of future African sovereign debt defaults.

    In other words, downgrading their status risks undermining the very stability that official creditors claim to safeguard. It will also create another obstacle to Africa’s efforts to access stable, predictable and affordable flows of development finance.

    The eventual outcome of the official creditors’ action will ultimately depend on negotiations between Ghana and Zambia and their creditors. This will include the two African institutions. It will also be influenced by how these different groups of creditors behave in other African sovereign debt restructurings.

    However, the international community can seek to influence the outcome by taking actions in appropriate international settings.

    Global leaders are searching for ways to scale up and strengthen the capacity of regional and subregional development banks like Afreximbank and the Trade and Development Bank. This requires respecting their preferred creditor status and increasing their access to affordable capital.

    This is precisely the opposite of what is unfolding.

    There is still time for the creditor governments to change course by demonstrating their support for African multilateral financial institutions.

    – Africa’s development banks are being undermined: the continent will pay the price
    – https://theconversation.com/africas-development-banks-are-being-undermined-the-continent-will-pay-the-price-259404

    MIL OSI Africa

  • MIL-OSI Africa: Russia advocates for multilateralism and stronger UN at G20 Sherpa meeting

    Source: South Africa News Agency

    Russia advocates for multilateralism and stronger UN at G20 Sherpa meeting

    Russia’s G20 Sherpa, Svetlana Lukash, has highlighted the importance of multilateralism for ensuring global stability and sustainability, calling for ongoing dialogue and the strengthening of the United Nations.

    “Multilateralism is the only thing that can keep the world together today and save us from collapse, save the economy from complete fragmentation, and ensure global growth and sustainability,” she said. 

    Despite the current challenges of economic fragmentation and geopolitical tensions, Lukash said she remained optimistic.

    “We must continue dialogue, no matter what divisions exist in our minds and policies.“

    Lukash was speaking on the sidelines of the G20 Sherpa meeting on Thursday, where the world’s largest economies and organisations are convening at Sun City Resort in the North West.

    Lukash is the Deputy Head of the Presidential Expert Directorate within the Presidential Executive Office of Russia. 

    “I think the G20 is very well placed to keep multilateralism as a flag for all humanity. But indeed, what we always keep in mind is that we have the United Nations, and that is the main platform that we need to cherish and need to strengthen.“

    She also cast the spotlight on South Africa’s groundbreaking G20 Presidency as a pivotal moment for inclusive international dialogue.

    Lukash believes that the strategic vision of multilateralism extends beyond traditional diplomatic frameworks.

    By inviting diverse stakeholders and opening dialogue with African neighbours and Global South representatives, Lukash said South Africa aims to create a more representative international platform.

    “I think just having the Presidency in Africa for the first time and putting the interests of Africa and of the Global South on the top of the G20 agenda already gives the strongest signal to the world community that the time has changed.” 

    She is of the view that the G20 should not be a closed forum where only 20 economies discuss issues that matter to the entire world.

    “What South Africa’s Presidency did is help open the G20 in the interests of the global majority. That is amazing. So, I really praise what the Presidency is doing this year.”

    The Sherpa said the G20 Leaders’ Summit in November represents a critical opportunity to demonstrate how multilateral approaches can address complex global economic challenges.

    Lukash also recognised the ongoing geoeconomic fragmentation and geopolitical tensions, which include sanctions and tariff wars. 

    However, she believes that the key multilateral priorities should focus on reforming global institutions such as the World Trade Organisation (WTO), addressing geopolitical tensions, and developing more inclusive mechanisms for economic cooperation.

    Despite geoeconomic fragmentation and tensions, Lukash said Russia sees the G20 as crucial for global economic cooperation, particularly in trade, energy, and finance.

    She told journalists that Russia’s key priorities for the G20 agenda align with South Africa’s goals, focusing on inclusive global growth, job creation, artificial intelligence governance, and critical minerals. 

    The Sherpa also praised the bilateral relations between South Africa and Russia, particularly in economic cooperation and investments, and expressed full support for South Africa’s G20 priorities.

    She said she was also grateful that South Africa’s Deputy President Paul Mashatile recently attended the St Petersburg International Economic Forum during his working visit to Russia. 

    “We, as Russia, tried to ensure that he spent that time very productively, ensured a lot of discussions with all the government of the Russian Federation, aimed at increasing our cooperation and strengthening bilateral relations by ensuring investments and common economic cooperation between all countries. 

    “[The Deputy President] very rightly points out the main issues that the investments need to be shifted to the countries of the Global South, and that’s what our President and the Deputy President discussed.”

    Lukash has assured the South African government that Russia will support them “completely” in all their priorities and goals.

    “We will do our best to make your G20 Leaders’ Summit a success.” – SAnews.gov.za

    Gabisile

    MIL OSI Africa