Category: Economy

  • MIL-OSI Russia: On guard of the HR brand: the HR forum named after A.Ya. Kibanov has started its work at the State University of Management

    Translation. Region: Russian Federal

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

    On May 21, 2025, the State University of Management’s Information Technology Center hosted the grand opening of the XVI All-Russian Interuniversity Personnel Forum named after A.Ya. Kibanov, which will last from May 21 to 23, 2025.

    The concept of this year’s forum is based on the images of Russian heroes, personifying strength, reliability and dedication to their work. Inspired by these images, the forum organizers presented the HR brand as a fortress that must be carefully guarded and strengthened.

    Vladimir Stroev, Rector of the State University of Management, addressed the participants of the event with a welcoming speech.

    “It is no coincidence that the forum is held every year at the State University of Management: the Department of Human Resources Management of our university is the oldest in Russia and the USSR, its founder Ardalyon Yakovlevich Kibanov is a pioneer in this field. Moreover, our department is known throughout the country and many of its graduates, who today hold high positions and often visit our university, confirm that it is still the leader in its field. I urge everyone to actively participate in the forum events and remember that you are the future of this field, and the policy and success of companies will directly depend on your work,” Vladimir Vitalyevich noted.

    Also at the opening of the forum, the head of the Department of Human Resources Management of the State University of Management Rafik Ashurbekov spoke, emphasizing the importance and practical significance of the forum.

    “Today we are opening the doors of the sixteenth forum, which has already become a good tradition for the State University of Management. I would like to note that every year our meetings are becoming more and more large-scale and significant. This time, more than 400 participants from 41 Russian universities have gathered here, 19 teams will compete in the Olympiad, and the forum already has 11 partners. This indicates a great interest in the field and a desire to exchange experience. The program will allow everyone to find something useful for themselves. Young people are the driving force that will allow us to make positive changes in the field of personnel management,” concluded Rafik Ashurbekovich.

    After the official part, the conference “HR Bogatyrs: Protection of corporate values and strength of spirit in personnel management” began.

    The invited experts did not just give presentations, but also had a dialogue with Polina Druzhinina, a student of the HR Department of the State University of Management and the host of the podcast “HR in the Heart”. The guests discussed the modern cultural code, HR brand, the country’s HR scientific potential, the role of corporate culture, the possibilities of neural networks in HR management and other topical issues.

    Also on the first day of the forum, the first stage of the student Olympiad “Human Resources Management: Yesterday, Today, Tomorrow” began, where teams competed for victory in the quest “Corporate Tales”.

    The second stage of the Olympiad will take place on May 22 – teams will have to complete a practical case from the partner company ANCOR and present their work to a competent jury. In addition, the Competition of Innovative Projects in Personnel Management and Labor Economics for students and postgraduates will begin on this day, the final of which will take place in the form of a battle of the competition finalists on May 23.

    Also on May 22, within the framework of the forum, the Educational and Methodological Section on the training of specialists in the field of personnel management “Effective methods of training specialists in personnel management” will be held, in which representatives of various universities that train students in the field of “Personnel Management” will take part.

    The A. Ya. Kibanov Personnel Forum is an annual unique discussion platform that brings together students, young scientists, teachers and experts in the field of personnel management and labor economics in Russia and abroad. Its main goal is to develop the theory and practice of personnel management, improve personnel technologies, and promote the development of innovative solutions in the field of personnel management and intellectual resources of modern organizations.

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

    MIL OSI Russia News

  • MIL-OSI Russia: Country Development Strategy and the Role of Statistics: GUU and Mosstat Held a Joint Forum

    Translation. Region: Russian Federal

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

    On May 22, 2025, the Information Technology Center of the State University of Management hosted the forum “Statistics of Modernity: Challenges and Opportunities”, organized jointly with the Office of the Federal State Statistics Service for Moscow and the Moscow Region (Mosstat).

    The Vice-Rector of the State University of Management Dmitry Bryukhanov addressed the audience with a welcoming speech.

    “It is nice that such a large-scale and significant event is taking place on the territory of our university. The data provided by statistics is the basis for management decisions, and the State University of Management trains personnel for the Russian economy. Our interaction with partners today is not limited to the event, we will also continue to plant an alley of famous statisticians in order to popularize this area in such an informal way,” Dmitry Yuryevich noted.

    The head of Mosstat, Leonid Kalimullin, expressed gratitude to the rector of the State University of Management for the provided venue and organizational assistance in holding the forum, as well as the lilac alley as a tribute to the memory of statisticians. In his speech at the plenary session, he also recalled the historical date that the organization is celebrating this year.

    “This June will mark 190 years of statistics in Moscow and the Moscow Region. For almost two centuries, we have been collecting and preserving the history of our country in figures and facts that help leaders make important management decisions aimed at improving the lives of citizens. This is our main role. I would like to note the close cooperation with the State University of Management in terms of recruiting young specialists. As part of project-based learning at the university, of which we have been participating for the second year, many interesting and high-quality projects have been implemented together with students, for which we are also grateful,” admitted the head of Mosstat.

    Deputy Head of the Federal State Statistics Service Sergei Egorenko spoke about the main indicators of the Development Strategy of Russia and the role of statistical agencies in its implementation.

    “The topic of our meeting is more relevant than ever. In December 2024, the development strategy of Russia was approved, and less than a month ago, the plan for its implementation. One of the points talks about creating a digital platform to ensure the quality and completeness of data analysis. This is what we have been talking about in recent years, that statistics should be made convenient for citizens and widely used, and also to improve statistical literacy in the country,” emphasized Sergey Egorenko.

    Also taking part in the plenary session were Pavel Smelov, Director General of the Center for Strategic Research, Dmitry Faikov, Head of the Analytics and Internal Communications Department of the Russian Federal Nuclear Center – All-Russian Research Institute of Experimental Physics, Anna Vedernikova, Deputy Director General of the Center for Strategic Research, and Elena Pryakhina, Head of the Department of Information Statistical Resources and Technologies of the Interstate Statistical Committee of the Commonwealth of Independent States.

    After the speeches, the guests went to plant trees on the Alley of Statisticians, which was laid out at the State University of Management in 2024, where they were met by the rector of the State University of Management Vladimir Stroyev.

    “Last year we started a good tradition – planting an alley of statisticians on the territory of our university – and today we will continue it. The oldest department in Russia and the USSR for training young specialists and managers in the field of statistics for a variety of fields operates at the State University of Management. This is our profile. And the choice of the State University of Management for planting the alley by the heads and specialists of federal and regional statistical bodies once again confirms the high role of our university in this field,” Vladimir Stroyev noted.

    The final part of the forum was the work of the participants in three thematic sections dedicated to the digital transformation of the statistical system, data quality standards and the human resources potential of the industry.

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

    MIL OSI Russia News

  • MIL-OSI USA: Rutherford Statement on Passing the One Big Beautiful Bill

    Source: United States House of Representatives – Congressman John Rutherford (4th District of Florida)

    WASHINGTON, D.C. – On Thursday, U.S. Congressman John H. Rutherford (FL-05) released the following statement on the House passage of the One Big Beautiful Bill:

    The One Big Beautiful Bill will give Americans a much-needed tax break AND refocus our country on delivering for the American people. That’s why I voted YES.

    Contrary to what you are hearing about the One Big Beautiful Bill, it will NOT be a huge deficit bill. In fact, the Congressional Budget Office (CBO) was wrong about the original Tax Cuts and Jobs Act (TCJA) score in 2017. They failed then to account for the tremendous economic growth caused by tax relief for hardworking, middle-class Americans. So, why should we believe them now?

    This bill will NOT cut Medicaid and SNAP benefits – it WILL strengthen these programs for future generations.

    The Big Beautiful Bill WILL:

    • Continue to boost our economy
    • Make President Trump’s tax cuts permanent
    • Focus resources on permanently closing the Southern Border
    • Incentivize Made-In-America cars and manufacturing
    • End taxes on tips and overtime pay
    • Slash taxes on Social Security, offering historic tax relief to seniors
    • Increase the Child Tax Credit
    • Secure more than a trillion dollars in mandatory savings
    • Cap SALT deductions
    • Update air traffic control system to ensure Americans fly safely and efficiently
    • Unleash American energy dominance
    • Cut Green New Deal policies
    • Revolutionize our national security and America’s maritime dominance

    MIL OSI USA News

  • MIL-OSI USA: Power and Environmental Engineering Faculty Explore Wildfire and Power Grid Nexus in a Changing Climate

    Source: US State of Connecticut

    It’s a harsh irony.

    During a wildfire, firefighters depend on electricity to communicate, power emergency response, and keep hospitals running. But the electric grid is also one of the leading causes of the very fires they are working to contain.

    Junbo Zhao is the Castleman Term Professor in Engineering Innovation and director of the Department of Energy’s Northeast University Cybersecurity Center for Advanced and Resilient Energy Delivery (CyberCARED).

    “Power lines can ignite fires in several ways,” says Junbo Zhao, Castleman Term Professor in engineering innovation and director of the Department of Energy Northeast University Cybersecurity Center for Advanced and Resilient Energy Delivery (CyberCARED). “High winds can knock down poles or cause wires to clash and spark. Overgrown vegetation can brush against live wires. Aging infrastructure, such as decades-old transmission lines, can fail under stress.”

    These events, combined with drought, rising temperatures, fuel buildup, and a surge in ignition sources create a “perfect storm” for fire outbreaks, he says.

    In a recently published

    An article written by several College of Engineering faculty and students appears on the cover of the April 2025 Nature Reviews Electrical Engineering.

    “Strengthening the power grid resilience to storms and wildfires through advanced sensing and AI technology is critical to assuring reliable power during extreme weather and security events, which is more important than ever due to climate change,” says Emmanouil Anagnostou, Board of Trustees Distinguished Professor and executive director of the Institute of Environment and Energy. “Research at the Eversource Energy Center advances leading-edge technology on fire ignition modeling and global monitoring of fire severity from space-based sensors, which can support preparedness and inform near-real-time emergency response.”

    Zhao and Anagnostou, along with Fangni Lei, assistant research professor of civil and environmental engineering; UConn research assistant Soroush Vahedi; Ph.D. candidate Kang He; and other authors from Sandia National Laboratory, the University of California Santa Barbara, and Lawrence Berkeley National Laboratory emphasize the urgent need for a comprehensive and collaborative approach to strengthen power grid resilience against the rising threat of wildfires.

    In Nature Reviews, they suggest a three-phase resilience strategy that involves understanding wildfire risks, developing detailed planning and mitigation strategies, and ensuring effective implementation and ongoing evaluation.

    The initial phase involves identifying high-risk regions and vulnerable infrastructure, integrating climate change data into wildfire models to improve risk assessment and long-term infrastructure planning. Accurate projections of wildfire impacts on system components—such as power lines and transformers—are critical for designing targeted, climate-adaptive responses.

    In the second phase, the focus shifts to developing actionable strategies for prevention, real-time mitigation, and recovery. This includes hardening infrastructure through undergrounding lines, enhancing protection systems, and managing vegetation to reduce ignition risks. Real-time monitoring technologies, remote sensing, and improved situational awareness are central to effective mitigation, while operational enhancements—like optimized grid management and emergency response coordination—support overall system resilience. Planning also incorporates predictive analytics to guide de-energization decisions and firefighting efforts.

    A fallen power line caused a small brush fire recently in Haddam, Connecticut. (Olivia Drake/UConn photo)

    The final phase involves putting strategies into practice through detailed action plans, financial investment, and regular evaluations. Evaluating the effectiveness of resilience measures requires setting clear benchmarks and timelines.

    Looking ahead, the researchers stress the importance of integrating dynamic vegetation and advanced and granular weather models to forecast risk conditions and inform preventive actions.

    “Further investments in R&D and the development of real-time operational risk management systems will be essential to ensure grid stability, safety, and adaptability in an era of increasing wildfire threats,” Zhao says.

    MIL OSI USA News

  • MIL-OSI: Drones Used for Power Line Inspection Industry Exploding, Expected to Reach $323 Billion By 2032

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 22, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The Global Drone Power Line Inspection Market is expected to grow significantly in the coming years. A report from Wise Guy Reports projected that the Drone Power Line Inspection Market Industry is expected to grow from 26.66(USD Billion) in 2024 to 323.8 (USD Billion) by 2032. The Drone Power Line Inspection Market CAGR (growth rate) is expected to be around 36.63% during the forecast period (2025 – 2032). The report said: “Key market drivers propelling the growth of the drone power line inspection market include increasing demand for reliable and efficient power transmission and distribution, rising emphasis on safety and regulatory compliance, and technological advancements in drone technology. Moreover, government initiatives and support for drone-based inspections and the growing need for remote inspection solutions amidst challenging terrains and weather conditions further contribute to the market expansion. Opportunities for exploration and capture reside in the integration of AI and machine learning capabilities into drones, enabling more accurate and efficient inspection processes. Additionally, the development of autonomous drones with advanced navigation and obstacle avoidance systems holds significant potential for reducing inspection time and costs. Recent trends in the drone power line inspection market revolve around the adoption of multi-rotor drones for enhanced stability and maneuverability. Furthermore, the integration of advanced sensors, such as thermal imaging and high resolution cameras, provides detailed and comprehensive inspection results. The use of drone-mounted LiDAR (Light Detection and Ranging) systems is also gaining traction, offering precise measurements and 3D mapping capabilities, allowing for thorough and reliable assessments of power lines.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), NVIDIA Corporation (NASDAQ: NVDA), AgEagle Aerial Systems Inc. (NYSE: UAVS), AeroVironment, Inc. (NASDAQ: AVAV), EHang Holdings Limited (NASDAQ: EH).

    Wise Guy Reports continued: “Stringent government regulations and safety standards are also driving the growth of the Global Drone Power Line Inspection Market Industry. In many countries, regular inspections of power lines are mandatory to ensure the safety and reliability of the power grid. Traditional inspection methods, such as manual inspections or the use of helicopters, can be time-consuming, expensive, and hazardous. Drones provide a safer and more efficient alternative, enabling utilities to comply with regulatory requirements while reducing the risk to human inspectors.” It concluded: “Major players in Drone Power Line Inspection Market industry are continuously striving to gain a competitive edge by developing innovative and cost-effective solutions. Leading Drone Power Line Inspection Market players are investing in research and development to improve the capabilities of their drones and enhance the efficiency of their inspection services. The Drone Power Line Inspection Market is expected to witness significant growth over the forecast period, owing to the growing demand for drones for power line inspection tasks. Technological advancements and the increasing adoption of drones for various applications are driving the growth of the Drone Power Line Inspection Market. Partnerships and collaborations among market participants are also contributing to the development of the Drone Power Line Inspection Market Competitive Landscape.”

    ZenaTech (NASDAQ:ZENA) National Drone as a Service (DaaS) Grows Through Closing a Fifth Acquisition, Adding Powerline Inspection Capabilities – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces the closing of its fifth US acquisition as part of its national DaaS rollout. The acquisition of Laventure & Associates, Inc. boosts in-house expertise to service the fast-growing powerline inspection market. The Fort Pierce, Florida land surveying, mapping, and services firm with more than two decades of experience brings a strong portfolio of repeat customers, including for multi-year power line inspections. It further enhances the services capabilities of ZenaTech’s DaaS business and provides operational synergies with other recent Florida acquisitions, further solidifying a strategic foothold in the state.

    “Laventure & Associates is an important addition that will leverage new capabilities for AI drones to conduct powerline inspections, potentially adding to our overall DaaS services portfolio future growth. This marks our fifth US acquisition to date, demonstrating steady progress toward acquiring and integrating up to 20 additional companies and new services growth over the next 12 months,” said CEO Shaun Passley, Ph.D.

    The global drone power line inspection market was valued at approximately USD 26.66 billion in 2024 and is projected to grow to USD 323.8 billion by 2032, exhibiting a remarkable CAGR of 36.63% during the forecast period, according to market research company WiseGuy Reports.

    Powerline inspections are important in assessing transmission infrastructure for damage, wear, or vegetation interference to ensure safety and reliability. Traditionally performed by ground crews or helicopters, these inspections are often slow, costly, and hazardous. ZenaTech plans to combine industry land survey and inspections expertise with advanced drone capabilities to deliver faster, safer, and more precise inspections, helping power companies reduce downtime, improve maintenance, and streamline operations.

    ZenaTech’s DaaS business will incorporate the ZenaDrone 1000 and the IQ series of multifunction autonomous drones to provide a variety of solutions from land surveys and power line inspections to power washing and bar code scanning inventory management automation, made accessible and cost effective through an Uber-like business model paid for on a regular subscription or pay-per-use basis. Customers can conveniently access drones for eliminating manual or time-consuming tasks and achieving superior results.

    The DaaS business model offers customers reduced upfront costs and convenience ─ there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) Advances Its US Southeast DaaS Business with a Bolt-On Land Survey Company Acquisition Offer – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announced it has extended an offer to acquire a well-established Florida land survey engineering firm that could serve as a bolt-on to another recently acquired land survey company. The acquisition would strengthen ZenaTech’s Drone as a Service presence in the high-growth Florida market and would be the fourth acquisition in the Southeast region and the fifth acquisition nationally.

    “This target acquisition will strengthen our regional Florida coverage by delivering faster and more precise drone-powered surveys to construction, real estate and government customers, while accelerating our broader US DaaS rollout,“ said Shaun Passley, Ph.D., CEO of ZenaTech. “With the global drone survey market growing at over 19% a year, we plan to leverage this growth by building a scalable, recurring revenue business that captures long-term value across land surveys and other legacy industries ripe for drone innovation.”

    Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. Remotely piloted drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry, gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods.

    The Drone as a Service or DaaS business model works similarly to Software as a Service (SaaS), but instead of providing software over the internet, this model offers drone technology solutions and services on a subscription or pay-per-use basis. Both business and government customers can conveniently access drones for tasks such as surveying, inspections, security, law enforcement, power washing or precision agriculture solutions without having to buy, operate, or maintain the drones themselves. Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the markets include:

    NVIDIA Corporation (NASDAQ: NVDA) – AI is transforming industries and tackling global challenges. The NVIDIA Jetson™ platform drives this revolution by providing tools to develop and deploy AI-powered robots, drones, IVA applications, and autonomous machines. Powered by generative AI at the edge, as well as NVIDIA Metropolis and Isaac™ platforms, Jetson offers scalable software, modern AI stack, flexible microservices and APIs, production-ready ROS packages, and application-specific AI workflows.

    The new Jetson Orin™ platform also gives you up to 275 trillion operations per second and 8X the performance of the last generation. Seven different modules based on the same architecture—from the entry-level Jetson Orin Nano™ to the highest performance Jetson AGX Orin—make this the ideal platform for the new age of robotics.

    Tomahawk GCS, an AeroVironment (NASDAQ: AVAV) product line specializing in autonomous and intelligent multi-domain systems, has recently been awarded a $5.1 million contract to support the U.S. Army Rapid Capabilities and Critical Technologies Office (RCCTO) Human-Machine Integrated Formations (HMIF) rapid prototyping project. Following a rigorous selection process, AV’s Tomahawk’s Grip TA5 was selected as the Dismounted Common Controller (DCC) to significantly enhance human-machine teaming for battlefield operations.

    The HMIF initiative, led by the U.S. Army RCCTO, is accelerating the integration of autonomous and robotic systems into formations to enhance situational awareness, lethality, and survivability. With its modular architecture and multi-platform compatibility, the Grip TA5 provides operators command-and-control of multiple robotic assets in real-time, enhancing mission adaptability and response speed.

    EHang Holdings Limited (NASDAQ: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, recently announced that it will release its unaudited financial results for the first quarter ended March 31, 2025 on Monday, May 26, 2025, before the U.S. market opens.

    EHang’s management team will host an earnings conference call at 8:00 AM on Monday, May 26, 2025, U.S. Eastern Time (8:00 PM on Monday, May 26, 2025, Beijing/Hong Kong Time).

    AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of best-in-class unmanned aerial systems (UAS) and sensors for military, public safety, and commercial use, recently announced its financial results for the first quarter ended March 31, 2025, highlighted by gross margin improvement and significant reduction in operating expenses.

    AgEagle CEO Bill Irby commented, “In the first quarter of 2025 we delivered a significantly improved financial performance marked by strong gross margin improvement and a meaningful reduction in operating expenses. This pivotal milestone is a clear validation of the strategic decisions we have made to streamline operations, sharpen our commercial focus, and prioritize higher-margin product lines. With a strengthened balance sheet, improved cash position, and reduced cash burn, AgEagle is now operating from a healthier and more resilient financial foundation.

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    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    The MIL Network

  • MIL-OSI: Sky Quarry Announces Strategic Growth Plan to Achieve Full Production Capacity at its Foreland Refinery

    Source: GlobeNewswire (MIL-OSI)

    “Scalable roadmap sets stage for up to 800,000 barrels annually through steady operations and targeted investments”

    WOODS CROSS, Utah, May 22, 2025 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced a comprehensive strategic roadmap for its wholly owned subsidiary, Foreland Refining Corporation (“Foreland”). The plan is designed to scale operations to a sustained production rate of up to 800,000 barrels per year.

    Titled the “Path to Full Production,” the phased plan positions Foreland, Nevada’s only operating refinery, as a key piece of regional energy infrastructure, helping to stabilize fuel supply across the Western U.S. Each stage is supported by clearly defined operational, technical, and financial benchmarks.

    The Refinery is currently operating at up to 3,600 barrels per day, with expansion efforts already underway. The roadmap outlines four key production milestones: 45,000, 60,000, 80,000, and 100,000 barrels per month. Foreland expects to reach this peak level during periods of high seasonal demand. These are monthly targets, with production rising in the summer and easing back in winter. At full capacity, this translates to an annualized peak rate of 800,000 barrels, though actual output will vary seasonally.

    “This initiative is designed to sharpen our operations and strengthen our bottom line, setting the stage for expected and sustained growth,” said David Sealock, Chairman & CEO of Sky Quarry. “Refining is a long game, and Foreland is building the foundation to be a high-integrity, high-performance facility for years to come.”

    Key components of the strategic growth plan include:

    • Operational Efficiency: Reducing downtime from shutdowns and startups improves safety and extends equipment life.
    • Workforce Expansion: New positions in operations, maintenance, and supervision will support the transition to higher capacity.
    • Stronger Supply and Customer Relationships: Steady production attracts long-term contracts, stronger pricing, and more reliable partnerships.
    • Revenue Growth Potential: Each production milestone significantly increases the refinery’s revenue-generating capacity.

    To support these goals, the Company has implemented a proactive maintenance and risk management framework. Infrastructure upgrades and crude supply contracts are already in progress to ensure safe and uninterrupted operations in anticipation of increased production.

    “These projects aren’t just about increasing production, they’re about building strong teams and lasting systems,” Sealock added. “I want to thank Cyla Apache, our Vice President, for spearheading this project from concept to implementation with vision and precision. I’m also grateful to our refinery staff for their hands-on expertise, to Kevin Arrington at TAR360 for his guidance, and to the University of Utah research team, whose work is helping us reduce energy use and lower utility costs. We’re confident in our path forward and proud of what it means for our community, customers, and shareholders.”

    The Refinery also intends to expand its capabilities to include recycled heavy oil from waste materials, expected to be sourced from PR Spring. The Company believes this roadmap will help support Sky Quarry’s mission to build a more sustainable and resilient energy future through operational excellence, safety, and long-term value creation.

    About Sky Quarry Inc.

    Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the Company’s Form 10-K as filed with the SEC on March 31, 2025. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations
    Jennifer Standley
    Director of Investor Relations
    Ir@skyquarry.com

    Company Website
    www.skyquarry.com

    The MIL Network

  • MIL-OSI: XRP News: XenDex Presale Ends in 6 Days, Secure $XDX Before Listings Go Live on Binance, FirstLedger, Gate.io, Magnetic & More

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Australia, May 22, 2025 (GLOBE NEWSWIRE) — As XRP makes waves across the global crypto landscape, XenDex is quickly becoming the most talked-about DeFi launch on the XRP Ledger (XRPL). With just 6 days left in the presale, urgency is at an all-time high as early investors race to secure $XDX tokens before exchange listings go live.

    Having already filled its soft cap and with the hard cap nearly complete, the XenDex presale has entered its final stretch, fueled by overwhelming demand from both retail and institutional investors.

    Buy $XDX Now Before Listing On Binance

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    What Is XenDex?

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    Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

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    The MIL Network

  • MIL-OSI Global: Young food entrepreneurs are changing the face of rural America

    Source: The Conversation – USA – By Dawn Thilmany, Professor of Agricultural Economics, Colorado State University

    Many rural food businesses, like Daily Loaf Bakery in Hamburg, Pa., rely on farmers markets to reach customers. Susan L. Angstadt/MediaNews Group/Reading Eagle via Getty Images

    Visit just about any downtown on a weekend and you will likely happen upon a farmers market. Or, you might grab lunch from a food truck outside a local brewpub or winery.

    Very likely, there is a community-shared kitchen or food entrepreneur incubator initiative behind the scenes to support this growing foodie ecosystem.

    As rural America gains younger residents, and grows more diverse and increasingly digitally connected, these dynamics are driving a renaissance in craft foods.

    One food entrepreneur incubator, Hope & Main Kitchen, operates out of a school that sat vacant for over 10 years in the small Rhode Island town of Warren. Its business incubation program, with over 300 graduates to date, gives food and beverage entrepreneurs a way to test, scale and develop their products before investing in their own facilities. Its markets also give entrepreneurs a place to test their products on the public and buyers for stores, while providing the community with local goods.

    Food has been central to culture, community and social connections for millennia. But food channels, social media food influencers and craft brews have paved the way for a renaissance of regional beverage and food industry startups across America.

    In my work in agriculture economics, I see connections between this boom in food and agriculture innovation and the inflow of young residents who are helping revitalize rural America and reinvigorate its Main Streets.

    Why entrepreneurs are embracing rural life

    An analysis of 2023 U.S. Census Bureau data found that more people have been moving to small towns and rural counties in recent years, and that the bulk of that population growth is driven by 25- to 44-year-olds.

    This represents a stark contrast to the 2000s, when 90% of the growth for younger demographics was concentrated in the largest metro areas.

    The COVID-19 pandemic and the shift to remote work options it created, along with rising housing prices, were catalysts for the change, but other interesting dynamics may also be at play.

    One is social connectedness. Sociologists have long believed that the community fabric of rural America contributes to economic efficiency, productive business activity, growth of communities and population health.

    Maps show that rural areas of the U.S. with higher social capital – those with strong networks and relationships among residents – are some of the strongest draws for younger households today.

    Another important dynamic for both rural communities and their new young residents is entrepreneurship, including food entrepreneurship.

    Rural food startups may be leveraging the social capital aligned with the legacy of agriculture in rural America, resulting in a renewed interest in craft and local foods. This includes a renaissance in foods made with local ingredients or linked to regional cultures and tastes.

    According to data from the National Agricultural Statistics Service, U.S. local sales of edible farm products increased 33% from 2017 to 2022, reaching $14.2 billion.

    The new ‘AgriCulture’

    A 2020 study I was involved in, led by agriculture economist Sarah Low, found a positive relationship between the availability of farm-based local and organic foods and complementary food startups. The study termed this new dynamic “AgriCulture.”

    We found a tendency for these dynamics to occur in areas with higher natural amenities, such as hiking trails and streams, along with transportation and broadband infrastructure attractive to digital natives.

    The same dynamic drawing young people to the outdoors offers digital natives a way to experience far-reaching regions of the country and, in some cases, move there.

    A thriving food and beverage scene can be a pull for those who want to live in a vibrant community, or the new settlers and their diverse tastes may be what get food entrepreneurs started. Many urban necessities, such as shopping, can be done online, but eating and food shopping are local daily necessities.

    Governments can help rural food havens thrive

    When my colleagues and I talk to community leaders interested in attracting new industries and young families, or who seek to build community through revitalized downtowns and public spaces, the topic of food commonly arises.

    We encourage them to think about ways they can help draw food entrepreneurs: Can they increase local growers’ and producers’ access to food markets? Would creating shared kitchens help support food trucks and small businesses? Does their area have a local advantage, such as a seashore, hiking trails or cultural heritage, that they can market in connection with local food?

    The farm store at Harley Farm Goat Dairy in Pescadero, Calif., draws people headed for hiking trails or the coast in the Santa Cruz Mountains.
    Smith Collection/Gado/Getty Images

    Several federal, state and local economic development programs are framing strategies to bolster any momentum occurring at the crossroads of rural, social connections, resiliency, food and entrepreneurship.

    For example, a recent study from a collaboration of shared kitchen experts found that there were over 600 shared-use food facilities across the U.S. in 2020, and over 20% were in rural areas. In a survey of owners, the report found that 50% of respondents identified assisting early-growth businesses as their primary goal.

    The USDA Regional Food Business Centers, one of which I am fortunate to co-lead, have been bolstering the networking and technical assistance to support these types of rural food economy efforts.

    Many rural counties are still facing shrinking workforces, commonly because of lagging legacy industries with declining employment, such as mining. However, recent data and studies suggest that in rural areas with strong social capital, community support and outdoor opportunities, younger populations are growing, and their food interests are helping boost rural economies.

    Dawn Thilmany receives funding from the United States Department of Agriculture, Economic Development Administration, and Colorado state agencies focused on agriculture, economic development and food systems.

    ref. Young food entrepreneurs are changing the face of rural America – https://theconversation.com/young-food-entrepreneurs-are-changing-the-face-of-rural-america-245531

    MIL OSI – Global Reports

  • MIL-OSI Global: Work requirements are better at blocking benefits for low-income people than they are at helping those folks find jobs

    Source: The Conversation – USA – By Anne Whitesell, Assistant Professor of Political Science, Miami University

    Meeting work requirements to get government benefits can lead to burdensome paperwork. JackF/iStock via Getty Images Plus

    Republican lawmakers are battling over a bill that includes massive tax and spending cuts. But they’re having trouble agreeing on provisions intended to reduce the cost of Medicaid.

    The popular health insurance program, which is funded by both the federal and state governments, covers about 78.5 million low-income and disabled people – more than 1 in 5 Americans.

    The House is getting ready to vote on a budget bill designed to reduce federal Medicaid spending by requiring anyone enrolled in the program who appears to be able to get a job to either satisfy work requirements or lose their coverage. It’s still unclear, however, whether Senate Republicans would support that provision.

    Although there are few precedents for such a mandate for Medicaid, other safety net programs have been enforcing similar rules for nearly three decades. I’m a political scientist who has extensively studied the work requirements of another safety net program: Temporary Assistance for Needy Families.

    As I explain in my book, “Living Off the Government?
    Race, Gender, and the Politics of Welfare,” work requirements place extra burdens on low-income families but do little to lift them out of poverty.

    Work requirements for TANF

    TANF gives families with very low incomes some cash they can spend on housing, food, clothing or whatever they need most. The Clinton administration launched it as a replacement for a similar program, Aid to Families with Dependent Children, in 1996. At the time, both political parties were eager to end a welfare system they believed was riddled with abuse. A big goal with TANF was ending the dependence of people getting cash benefits on the government by moving them from welfare to work.

    Many people were removed from the welfare rolls, but not because work requirements led to economic prosperity. Instead, they had trouble navigating the bureaucratic demands.

    TANF is administered by the states. They can set many rules of their own, but they must comply with an important federal requirement: Adult recipients have to work or engage in an authorized alternative activity for at least 30 hours per week. The number of weekly hours is only 20 if the recipient is caring for a child under the age of 6.

    The dozen activities or so that can count toward this quota range from participating in job training programs to engaging in community service.

    Some adults enrolled in TANF are exempt from work requirements, depending on their state’s own policies. The most common exemptions are for people who are ill, have a disability or are over age 60.

    To qualify for TANF, families must have dependent children; in some states pregnant women also qualify. Income limits are set by the state and range from US$307 a month for a family of three in Alabama to $2,935 a month for a family of three in Minnesota.

    Adult TANF recipients face a federal five-year lifetime limit on benefits. States can adopt shorter time limits; Arizona’s is 12 months.

    An administrative burden

    Complying with these work requirements generally means proving that you’re working or making the case that you should be exempt from this mandate. This places what’s known as an “administrative burden” on the people who get cash assistance. It often requires lots of documentation and time. If you have an unpredictable work schedule, inconsistent access to child care or obligations to care for an older relative, this paperwork is hard to deal with.

    What counts as work, how many hours must be completed and who is exempt from these requirements often comes down to a caseworker’s discretion. Social science research shows that this discretion is not equally applied and is often informed by stereotypes.

    The number of people getting cash assistance has fallen sharply since TANF replaced Aid to Families with Dependent Children. In some states caseloads have dropped by more than 50% despite significant population growth.

    Some of this decline happened because recipients got jobs that paid them too much to qualify. The Congressional Budget Office, a nonpartisan office that provides economic research to Congress, attributes, at least in part, an increase in employment among less-educated single mothers in the 1990s to work requirements.

    Not everyone who stopped getting cash benefits through TANF wound up employed, however. Other recipients who did not meet requirements fell into deep poverty.

    Regardless of why people leave the program, when fewer low-income Americans get TANF benefits, the government spends less money on cash assistance. Federal funding has remained flat at $16.5 billion since 1996. Taking inflation into account, the program receives half as much funding as when it was created. In addition, states have used the flexibility granted them to direct most of their TANF funds to priorities other than cash benefits, such as pre-K education.

    Many Americans who get help paying for groceries through the Supplemental Nutrition Assistance Program are also subject to work requirements. People the government calls “able-bodied adults without dependents” can only receive SNAP benefits for three months within a three-year period if they are not employed.

    A failed experiment in Arkansas

    Lawmakers in Congress and in statehouses have debated whether to add work requirements for Medicaid before. More than a dozen states have applied for waivers that would let them give it a try.

    When Arkansas instituted Medicaid work requirements in 2018, during the first Trump administration, it was largely seen as a failure. Some 18,000 people lost their health care coverage, but employment rates did not increase.

    After a court order stopped the policy in 2019, most people regained their coverage.

    Georgia is currently the only state with Medicaid work requirements in effect, after implementing a waiver in July 2023. The program has experienced technical difficulties and has had trouble verifying work activities.

    Other states, including Idaho, Indiana and Kentucky, are already asking the federal government to let them enforce Medicaid work requirements.

    Then-Gov. Asa Hutchinson speaks during a news conference in 2017, in Little Rock, Arkansas, calling for Medicaid work requirements.
    AP Photo/Andrew DeMillo

    What this may mean for Medicaid

    One version of the Republican budget bill floated in 2025 would introduce Medicaid work requirements nationwide for childless adults age 19 to 64, with some exemptions.

    But most people covered by Medicaid in that age range are already working, and those who are not would likely be eligible for work requirement waivers. An analysis by KFF – a nonprofit that informs the public about health issues – shows that in 2023, 44% of Medicaid recipients were working full time and another 20% were working part time. In 2023, that was more than 16 million Americans.

    About 20% of the American adults under 65 who are covered by Medicaid are not working due to illness or disability, or because of caregiving responsibilities, according to KFF. This includes both people caring for young children and those taking care of relatives with an illness or disability. In my own research, I read testimony from families seeking work exemptions because caregiving, including for children with disabilities, was a full-time job.

    The rest of the adults under 65 with Medicaid coverage are not working because they are in school, are retired, cannot find work or have some other reason. It’s approximately 3.9 million Americans. Depending on what counts as “work,” they may be meeting any requirements that could be added to the program.

    The Congressional Budget Office estimates that introducing Medicaid work requirements would save around $300 billion over a decade. Given past experience with work requirements, it is unlikely those savings would come from Americans finding jobs.

    My research suggests it’s more likely that the government would trim spending by taking away the health insurance of people eligible for Medicaid coverage who get tangled up in red tape.

    Anne Whitesell is a 2024-2025 PRRI Public Fellow.

    ref. Work requirements are better at blocking benefits for low-income people than they are at helping those folks find jobs – https://theconversation.com/work-requirements-are-better-at-blocking-benefits-for-low-income-people-than-they-are-at-helping-those-folks-find-jobs-256839

    MIL OSI – Global Reports

  • MIL-OSI Global: Lifecycle of a research grant – behind the scenes of the system that funds science

    Source: The Conversation – USA – By Kelly S. Mix, Associate Dean for Research, Innovation, and Partnerships in the College of Education, University of Maryland

    Without grants for salaries, supplies and more, many research labs would be empty. Solskin/DigitalVision via Getty Images

    Science funding is a hot topic these days and people have questions about how grants work. Who decides whether a researcher will receive funds? What’s the decision-making process? How is the money spent once a grant proposal has been approved?

    As a veteran academic researcher, department chairperson and associate dean for research, I have seen this process play out from multiple perspectives – as a grant recipient, grant reviewer and university administrator.

    Research organizations and major federal funders, including the National Institutes of Health, the National Science Foundation and the Defense Advanced Research Projects Agency (DARPA), all rely on careful systems of checks and balances to ensure high standards of scholarship and financial integrity at every stage of a grant’s lifecycle. Here’s how it all works.

    The birth of a grant application

    To receive research funding, scientists submit grant applications to specific programs. A cancer researcher might apply to the Bioengineering Research Grants program at NIH. Someone investigating sustainable fishing in freshwater habitats could seek funding from the Population and Community Ecology program at the NSF.

    Applications must be responsive to the funding program’s specific request for proposals, or RFP. The RFP tells researchers what the agency wants to fund. For example, the NSF’s Education Core Research program currently only funds projects focused on STEM learning.

    RFPs might have other application requirements, too, like explaining how a project will contribute to the public good, or supporting training for new scientists.

    Grant applications have two main parts. First, the researcher presents an extensive literature review to explain why the new project is needed and what it will add to the existing knowledge base. Next, they write up a detailed description of the proposed research plan. This basic two-part structure ensures that funded research will yield important information that is both new and trustworthy.

    Reviewers read the grant applications and compare them to the RFP. Applications that don’t address all the topics and research priorities listed there are unlikely to be funded. I once had a proposal rejected without further review because I left out a paragraph addressing one of the items in the agency’s new RFP. This initial review for RFP compliance is called “triage” and, believe me, nobody wants to see their hard work triaged out of the running.

    A panel of anonymous content experts carefully reviews applications to see if they’re worth funding.
    PeopleImages/iStock via Getty Images Plus

    Merit review: How funding decisions are made

    Federal funding decisions are made through rigorous merit review.

    For each round of funding, agencies assemble a panel of anonymous content experts who will look for strengths and weaknesses in the proposals – anything from innovation in the question posed to logical flaws in the hypotheses or technical problems with the planned data analyses. With a group of experts looking for every possible weakness, having your grant reviewed is a bit like running a gauntlet.

    This careful review might help explain why 70% to 80% of grant applications typically go unfunded at agencies like the NIH and the NSF. But this level of scrutiny is necessary to prevent funding poorly designed or low-impact research.

    Several safeguards head off bias or unethical influences during merit review.

    First, reviewers must disclose any conflicts of interest with the pool of applicants before they can access the applications. Conflicts of interest can include situations like the reviewer having been the student of an applicant, the applicant and reviewer being divorced, or the proposal coming from the reviewer’s current institution.

    When conflicts are identified, the reviewer can remain on the panel, but they are completely excluded from decisions related to that application. They cannot even be in the room when it is discussed.

    Second, reviewers usually attend a meeting, supervised by program staff from the funding agency, where everyone debates the proposal’s merits before they score it. Sometimes panel members disagree in their initial critiques and use the meeting to hash out their differences. Other times, a reviewer might raise an important concern that others missed.

    Group discussion helps ensure a transparent and thorough review. It also stops any single reviewer from dictating the fate of a proposal because everyone hears the discussion and then scores the proposal individually. Whether a reviewer thinks an application is outstanding or fatally flawed, they must convince the rest of the experts in the room for the group’s overall scores to be greatly affected.

    Third, these discussions, along with the applications themselves and any written critiques, are strictly confidential. Reviewers sign written confidentiality agreements under penalty of perjury. This practice stops panelists from scoring political points by telling an applicant they defended their proposal, or divulging trade secrets and proprietary information.

    Following the meeting, final decisions are made by program staff using the reviewers’ evaluations. Some agencies adhere closely to the reviewers’ numeric scores – like a grade – when making these decisions. Others ask reviewers to sort applications into “fundable” or “non-fundable” piles; program staff then have some discretion on the final decision. But all decisions are rooted in the peer critiques.

    Researchers and their institutions keep careful records of where every penny gets spent.
    krisanapong detraphiphat/Moment

    Spending the funds

    Headlines about universities receiving large grants may leave the impression that such funds are simply added to the institution’s general coffers. But research funds are granted to support specific research projects, and agencies have strict rules about spending the money.

    For example, if a researcher wants to present their findings at a conference, they can charge the grant for their travel costs, but they may not charge above a certain amount for their lodging or purchase business class airplane tickets. Similarly, if a researcher wants to have more time to devote to a funded project, they can use part of the money to pay their own salary in the summer, but there are precise limits on the amount of funding that can be used for this purpose.

    It’s not up to the researcher alone to follow these rules. The organization that employs the researcher, usually a university, enforces the agency rules because it’s the employing organization that controls the grant accounts.

    Returning to the conference travel example, a university researcher who wants to attend a conference must request permission and provide a budget for the trip before purchasing tickets. If the travel request is approved by their department chair, dean and the university travel office, they may go ahead with their reservations. However, if they don’t produce receipts when they return, they will not be allowed to charge the grant. The same process applies to buying new computers for the lab, ordering standardized tests for a study or purchasing gift cards for study participants.

    Research organizations are highly motivated to enforce spending rules properly, because everyone in the organization is at risk of losing access to federal funds in the future if they let things slide. Funding agencies also require periodic reports and sometimes conduct audits to ensure compliance. These practices help guard against any misuse of funds.

    The way agencies issue grants to researchers isn’t perfect. But processes like issuing detailed RFPs, conducting merit reviews and monitoring financial compliance go a long way toward protecting the integrity of the research funding process.

    Kelly S. Mix currently receives research funding from the Institute of Education Sciences (U.S. Dept. of Education) and has previously received research funding from the National Science Foundation, National Institutes of Health, and various foundations. The opinions and positions expressed in this article are the author’s and do not necessarily represent the opinions and positions of these funders. She has volunteered for the Democratic Party.

    ref. Lifecycle of a research grant – behind the scenes of the system that funds science – https://theconversation.com/lifecycle-of-a-research-grant-behind-the-scenes-of-the-system-that-funds-science-255163

    MIL OSI – Global Reports

  • MIL-OSI Europe: First aid and emergency response in focus of OSCE Training of Trainers Course for border guards in Turkmenistan

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: First aid and emergency response in focus of OSCE Training of Trainers Course for border guards in Turkmenistan

    Participants during a practical exercise with simulation of various injuries and conditions held as part of an OSCE-organized Tactical Medical Training of Trainers Course, Ashgabat, 22 May 2025, OSCE (OSCE) Photo details

    An OSCE-organized Tactical Medical Training of Trainers (ToT) Course, took place from 20 to 22 May 2025 in Ashgabat. The course brought together thirty-one participants, including border guards who work in remote areas serving as first responders to emergencies and incidents, and specializing in rescue operations as well as doctors from the Central Hospital for Border Guards.
    The course aimed to enhance trainees’ practical skills focusing on tactical medical content, pre-hospital emergency medical care, modern and effective methods of first aid and emergency response. Participants were trained in first aid skills with simulation of various injuries in demanding environmental and emergency conditions complemented by practical training in cardiopulmonary resuscitation, and procedures for moving patients to the next level of care.  
    In his address at the opening of the ToT course, John MacGregor, Head of the OSCE Centre in Ashgabat, said: “There are a number of OSCE Commitments related to border security and management, including those outlined in the “Border Security and Management Concept” adopted by the OSCE Ministerial Council in December 2005.”
    “Clearly, the work of the border guards entails specific risks to health and physical safety, since border guards serve in different climatic and geographical conditions at any time of the day.” stressed MacGregor”.
    “When you are out of range of immediate medical support and face real risk in remote environments with prolonged time to evacuation, knowing how to respond in the first minutes after an injury can save lives and mitigate the losses.” he added.
    The course was facilitated by an international medical expert from Uzbekistan. Applying an experiential learning method, the expert involved trainees in simulation exercises that were carefully tailored to climatic and geographical conditions of the region.
    The ToT course was organized within the framework of the Centre’s extrabudgetary project “Strengthening State Border Service Capacities of Turkmenistan” and financially supported by the Government of Germany.

    MIL OSI Europe News

  • MIL-OSI Europe: OLAF and Romanian authorities lead the way on digital tools to safeguard EU budget

    Source: European Anti-Fraud Offfice

    Press release no.12
    PDF version 

    The European Anti-Fraud Office (OLAF), the Romanian Police and Romania’s Department for the Fight Against Fraud (DLAF), are hosting European anti-fraud specialists in Bucharest to discuss the use of digital tools to fight fraud against the EU budget. The meeting aims to strengthen cross-border cooperation and improve the detection and investigation of fraud through advanced digital means.  

    Running from 20-23 May 2025, the Technical Workshop on Digital Anti-Fraud Tools brings together nearly 100 anti-fraud experts from EU Member States, the European Court of Auditors (ECA), the European Public Prosecutor’s Office (EPPO), Eurojust, Europol, and OLAF. The event focuses on building a community of digitally skilled anti-fraud specialists and identifying best practices in anti-fraud detection and investigation in digital environments. It is also aimed at fostering synergies in the development of data-driven tools – including artificial intelligence – to protect European taxpayers’ money. 

    Additionally, on 22 May 2025, OLAF and the Romanian National Trade Register Office (ONRC) signed a bilateral agreement to facilitate access to national company data for the purpose of anti-fraud investigations. This agreement reflects a shared commitment to ensuring a more effective protection of EU financial interests.  

    Ville Itälä, OLAF Director-General said: “OLAF is proud to play a leading role in driving the digital transformation of the anti-fraud community, particularly by fostering the development and take-up of digital tools, including artificial intelligence. These innovative tools will significantly strengthen our ability to protect the EU budget.”  

    Benone Marian Matei, General Inspector of the Romanian Police said: “The Central Unit for Information Analysis reaffirms its commitment to the development and use of advanced analytical tools to support the early identification of fraud patterns and to enhance the protection of European funds.” 

    Ionuț Bogdan Dințoi, Secretary of State and Head of DLAF said: “DLAF reiterates the good cooperation with OLAF and, as a partner in the protection of EU financial interests, supports OLAF’s efforts to bring together professionals and create a framework for sharing good practices in using and developing digital and AI tools in the anti-fraud domain, specifically to protect Union expenditure.”

    Luiza Mardare, ONRC Director-General, commented on the signing of the bilateral agreement with OLAF: “The signing of these protocols is a step towards standard practice and, we hope, an important support for the actions carried out by the European Anti-Fraud Office in protecting the financial interests of the European Union. In this regard, by granting the European Anti-Fraud Office free access to the data held by the Trade Register, we can contribute to the fight against corruption within the European Union.”

    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)
    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 United Kingdom: Teachers to benefit from pay boost

    Source: United Kingdom – Government Statements

    Press release

    Teachers to benefit from pay boost

    Teachers in England set to receive a 4% pay award from September.

    Teachers will receive a 4% pay boost from September, after the Education Secretary accepted the teachers’ pay body recommendation in full today (22 May) marking a major step toward delivering 6,500 teachers by the end of Parliament.

    The independent School Teachers’ Review Body (STRB) recommended a pay award of 4% for 2025/26 academic year, building on the 5.5% pay award made last year.

    Like the rest of the public sector, schools will need to play their part in getting maximum value from every pound of public money. Schools will be expected to find the first 1% of the pay award through improved productivity and smarter spending with the government providing significant additional investment of £615 million. Many schools are already making savings and driving costs down including the 400 schools who took part in the department’s new energy deal which will save them 36% on average.

    The government has also taken tough but fair choices to afford the above inflation pay award – ending tax breaks for private schools, as well as programmes offering poor value for money and driving efficiency through boosting digital capability, so every pound is spent on driving high and rising standards for our children.

    The pay boost builds on the work already underway to deliver on the government’s commitment as part of its Plan for Change to drive high and rising standards for every child, in every school. This includes a stronger accountability system through reforms to Ofsted inspection, new regional improvement teams to tackle poorly performing schools, and a new, rich and broad curriculum so pupils are set up for life, work and the future.

    £160 million will also be provided to colleges and providers of 16-19 education. The cash will help them to address immediate priorities, including recruiting and retaining expert teachers in subject areas such as construction and manufacturing so more young people gain the skills needed to drive economic growth and deliver the workforce which businesses and public services need.

    Education Secretary Bridget Phillipson said:

    Teachers have been overstretched and undervalued for far too long but from my first day in office, I have made it my priority to back them so that teaching is restored as the highly valued profession it should be.

    This pay award for schools backed by major investment alongside funding for further education is in recognition of the crucial role teachers play in breaking the link between background and success and will support schools and colleges to invest in the workforce they need, so every young person achieves and thrives.  

    As part of our Plan for Change, we are already seeing green shoots, with two thousand more secondary school teachers training this year than last and more teachers forecasted to stay in the profession.

    Through its Plan for Change the government is determined to ensure there are more expert teachers in front of classrooms, so every child and young person has access to an excellent education.

    Hundreds of millions of pounds are also being invested to offer tax free financial incentives and professional development to attract and keep the best and brightest teachers across the country, alongside targeted action to improve teachers’ workload and wellbeing.

    There are encouraging signs that this is working with two thousand more secondary school teachers training this year than last, a 25% increase in the number of people accepting teacher training places in STEM subjects, and more teachers forecasted to stay in the profession.

    Alongside the significant investment announced today the government has been clear that it will support leaders to get best value from their funding including by offering schools a suite of productivity initiatives to help them slash the costs on things like energy, banking and recruitment so every penny is invested on delivering opportunities for young people.

    Through its landmark Children’s Wellbeing and Schools Bill, the government is also legislating so every parent can be confident of a core high quality education offer for their child – ensuring that all children learn from a cutting-edge curriculum and are taught by an excellent qualified teacher.

    DfE media enquiries

    Central newsdesk – for journalists 020 7783 8300

    Updates to this page

    Published 22 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Dedication and professionalism of Armed Forces rewarded with above inflation pay rise

    Source: United Kingdom – Government Statements

    Press release

    Dedication and professionalism of Armed Forces rewarded with above inflation pay rise

    Government recognises professionalism and dedication of the Armed Forces with 4.5% pay rise, which follows last year’s record pay deal for personnel.

    Military personnel are to receive an above inflation pay rise of 4.5% (3.75% for senior officers), recognising their extraordinary professionalism and the sacrifices they make to keep the British people safe.   

    The award forms part of the government’s efforts to fix recruitment and retention, while demonstrating how it is renewing the contract with those who serve.   

    The pay rise maintains the MOD’s status as a National Living Wage employer, while recognising the important work of military personnel in keeping Britain secure at home and strong abroad – foundational to this government’s Plan for Change.  

    This pay award follows last year’s headline award of 6% (5% for senior officers) and a significant uplift for new recruits of approximately 35%, ensuring all full-time members of the Armed Forces were paid the National Living Wage for the first time. This means Armed Forces personnel have received a cumulative pay award of 10.5% (8.75% for senior officers) since July 2024.  

    Defence Secretary, John Healey MP said:  

    Our people are what make the UK Armed Forces’ reputation one of the best around the world. Our forces work tirelessly to keep Britain secure at home and strong abroad.  

    Today’s above inflation pay award recognises their dedication and underlines this Government’s commitment to renew the nation’s contract with those who serve.

    Chief of the Defence Staff, Admiral Sir Tony Radakin said: 

    This Armed Forces pay award continues to demonstrate our commitment to our people. It ensures that those who work so hard for our safety and security are supported.  

    To do what they do takes immense courage, determination and sacrifice and I’m pleased to see so much done to recognise their efforts.  

    Pay, accommodation and pension are key pieces of a bigger puzzle, and we will continue to put those pieces together to ensure the strength of our military for years to come.

    Starting salaries for Other Ranks who have completed initial training will increase to approximately £26,334, benefiting around 7,800 of our most junior personnel. 

    Starting pay for junior officers will rise to around £34,676. 

    The package includes two new targeted retention payments for specific Royal Navy Catering Services personnel, addressing critical retention challenges in this specialist area. 

    A new Afloat Environmental Allowance will replace existing provisions, bringing coherence and clarity to recognise different conditions across naval platforms. 

    Medical specialists will benefit from an increased Medical Officers’ Golden Hello to enhance its attractiveness for consultants and registrars in specialisms with workforce capability gaps. 

    The Government has already taken decisive action to tackle recruitment and retention challenges by announcing new financial retention packages.   

    Around 5,000 eligible aircraft engineers across all three Services are eligible to receive £30,000 when they sign up for an additional three years of service. And a new £8,000 retention payment for around 4,000 eligible Army Privates and Lance Corporals each year for the next three years when they sign up for an additional three years of Service.  

    This announcement follows recent action taken by the department to improve the offer for our Armed Forces personnel. This includes improving living conditions through a new Consumer Charter to provide homes fit for the heroes who serve our nation, and are creating a new, independently-appointed, Armed Forces Commissioner who will have the power to investigate issues raised directly by serving personnel and their families. 

    Last year the Armed Forces saw a headline award of 6% (5% for senior officers) and a significant uplift for new recruits of approximately 35%. The Government has taken decisive action to tackle recruitment and retention challenges by announcing new financial retention packages.

    Updates to this page

    Published 22 May 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: More Than $50M Awarded By Restore NY Communities

    Source: US State of New York

    overnor Kathy Hochul today announced that more than $50 million has been awarded to 50 projects through the State’s Restore New York Communities Initiative. Restore New York supports municipal revitalization efforts with funds to help remove and reduce blight, reinvigorate communities and generate new residential and economic opportunities statewide. The program, administered by Empire State Development, is designed to help local governments encourage new commercial investments through community revitalization, growing local housing, and putting properties back on the tax rolls to increase the local tax base.

    “Revitalizing and rehabilitating vacant and blighted areas of our communities for housing or development is vital to make downtowns thrive,” Governor Hochul said. “Restore New York helps our municipalities plan for the future by catalyzing economic growth and supporting housing, businesses and cultural spaces. We are further unlocking the potential of these sites and communities across New York.”

    Two applications were awarded a Special Project designation because, if left undeveloped, the parcel or property causes severe economic injury or creates a depressing effect on the overall economic development potential of the community. The City of Rome was awarded $3.5 million to rehabilitate two buildings that were destroyed by the tornado that touched down in Rome on July 16, 2024. Upon completion, these buildings will add an additional 180,000 square feet of commercial manufacturing space to the community. Additionally, the City of Ogdensburg was awarded $3.5 million to rehabilitate several historic mill buildings on the St. Lawrence River waterfront into a mixed-use complex.

    Empire State Development President, CEO and Commissioner Hope Knight said, “Under Governor Hochul’s leadership, New York State is building for the future by supporting projects that advance statewide priorities like increasing housing and revitalizing communities. Through the Restore New York Communities Initiative, we are working together with municipalities to remove blight and generate new investments to promote sustainable economic growth.”

    A full list of Restore New York projects awarded funding in this round is available below, or online here.

    The Capital Region was awarded more than $4.45 million to support four projects:

    • Village of Colonie – $999,934: This project involves demolishing an abandoned, deteriorating building at 1579 Central Avenue, making the property readily available for future development opportunities.
    • City of Glens Falls – $1 million: The “Lofts at Warren” project, located at 109 and 115-117 Warren Street, will involve the demolition of two garages and the redevelopment of two vacant lots. The resulting mixed-use building will consist of 3,000 square-feet of first-floor commercial space and 65 one- and two-bedroom apartments on three floors. The commercial space will be utilized by retail and office storefront space leased to small businesses serving the City’s distressed First Ward and high-traffic Warren Street Corridor.
    • Village of Hoosick Falls – $985,000: This project involves the rehabilitation of a vacant warehouse at 1 Center Street into a mixed-use property with commercial opportunities and one- and two-bedroom residential units. It will provide incubator space at fixed rates, with plans for a locally owned brewery and gym/fitness center.
    • City of Schenectady – $1.5 million: The St. Clare’s Hospital redevelopment project will rehabilitate one of the largest buildings in the city – a 400,000 square foot building at 600 McClellan Street – on a 17-acre site. The building will be repurposed into a mixed-use property with approximately 236 apartments with on-site daycare and is part of a targeted redevelopment effort by the City and Schenectady Metroplex Development Authority.

    Central New York was awarded $6 million to support seven projects:

    • Village of Cayuga – $1 million: This project will transform a 20,000 square-foot vacant and deteriorated office building into a waterfront lodging destination. Located at the Beacon Bay Marina, 6255 Water Street, this redevelopment will include the creation of 10-15 one or two-bedroom suites, and a small outdoor rooftop event space with scenic views.
    • City of Cortland – $242,000: This project involves the demolition of a property, formerly known as the Roundhouse Mill, at 41 Elm Street. Set in an otherwise largely residential neighborhood, the mill has been vacant and deteriorating for several years, and demolition will allow for the future redevelopment of the 1.5-acre site, part of the City’s Brownfield Opportunity Area.
    • City of Fulton$1 million: This project will redevelop the blighted former Nestle Building at 533 South 4th Street into a 30,000 square-foot advanced manufacturing incubator, targeting startup companies and fostering regional economic growth. The new facility will serve as a hub for innovation, supporting the needs of emerging manufacturers and leveraging opportunities created by the Micron semiconductor plant being developed in nearby Clay. The outcome will be a state-of-the-art facility, designed to drive job creation, industrial innovation and sustained regional development.
    • City of Oneida – $1 million: This project involves the partial demolition and rehabilitation of two vacant and severely dilapidated structures at 136 and 138 Madison Street. The buildings will retain their historic character, with each accessible to the other via a common elevator and stairwell, and new spaces added on the upper floors. Parking will be constructed to service the project. The redevelopment will include 15 live/work units and is across the street from a previous Restore New York project at 155 Madison Street.
    • Onondaga County – $1 million: The Milton Corner Development project consists of the reconstruction of five contiguous lots at 2281, 2273, 2263, 2259 and 2243 Milton Avenue in Solvay that were previously developed, but lost to a fire several years ago. The developer plans to demolish remaining walls and foundations and build a mixed-use building with parking and storage in the basement area. On the street level, the building will offer 12,000 square feet of new retail space and 33 apartments on the upper three floors.
    • City of Oswego – $700,000: The Oswego Freight House redevelopment will transform the historic 7,200-square-foot rail freight house at 20-24 West Utica Street into a 10-brewer barrel brewery, taproom, and retail space. The project will preserve the building’s 175-year-old character while addressing years of structural decay and blight. Located near the City’s Downtown Revitalization Initiative projects, this redevelopment will leverage completed and ongoing investments to further revitalize the Utica Street corridor.
    • City of Syracuse – $1.058 million: This project aims to transform two vacant, underutilized and blighted properties at 366 and 615 West Onondaga Street into approximately 31 new housing units, including both market-rate and affordable options, alongside six office suites. This project falls within the City’s Downtown Revitalization Initiative zone.

    The Finger Lakes was awarded $5.94 million to support six projects:

    • Village of Dansville – $710,000: This project involves a historic, three-story building at 154-162 Main Street that has been vacant for years and mostly uninhabitable. Phase one is nearing completion and includes the restoration of five first-floor commercial units returning the façade to its original design. Restore New York funding will support Phase Two, which includes the creation of four affordable, one-bedroom and four market-rate two-bedroom apartments on the vacant second and third floors. Windows, doors, and historic features such as trim work will be restored and reused wherever possible.
    • City of Geneva – $1 million: The DeSales High School Revitalization Project will consist of the comprehensive renovation of the interior and exterior of the long vacant school at 136 and 138 Madison Street. The renovated property will feature 17 market-rate residential units and four commercial offices while retaining the existing gym, which will continue to be leased to a local school.
    • Town of Macedon – $480,000: This project involves the renovation and restoration of 103 Main Street, which has been left underutilized and vacant. The first-floor commercial unit will be rehabilitated into restaurant space, and the walk-out basement transformed into storage and utility space. Three loft-style apartment units will be built on the upper floor. The project will include electrical, HVAC, and plumbing upgrades; construction of an elevator shaft and elevator; accessibility upgrades; and a new side entrance that will provide easy access to the Trolley Town Square public park.
    • Monroe County – $2 million: Built in 1929, the Genesee Valley Trust Building (now the Times-Square Building) at 45 Exchange Street is one of Rochester’s most iconic high-rises. Post-COVID the building has become mostly vacant. This project intends to convert the vacant floors into market-rate apartments, while refreshing 15,000 square feet of existing space into modern, attractive commercial and retail suites. This project in total will convert over 100,000 square feet of space into a certified historic rehabilitation project, approved by the New York State Historic Preservation Office and the National Parks Service.
    • Village of Medina – $850,000: This project intends to re-activate a historic mixed-use building at 409-13 Main Street, known as the Waters Building, by creating two commercial units in the rear-facing, sub-grade space; a new commercial flex kitchen at street-level; and four new residential units in the structure’s fully vacant upper story. This project will provide an enhanced destination and add an amenity to a planned waterfront destination.
    • Village of Phelps – $900,000: This project will restore and revitalize the 1892-era Phelps Hotel at 90 Main Street, which has been vacant for approximately 40 years. In an effort to restore the interior to its historic roots, the project will involve significant renovations in order for the building to be considered habitable. The reconstruction will include installing plumbing, electrical and HVAC systems, and creating eight upper-story residential units alongside a restaurant and speakeasy on the first floor and basement.

    Long Island– The Long Island Region was awarded $1.79 million to support two projects:

    • Village of Port Jefferson – $790,000: This project includes the demolition and redevelopment of 1506 and 1510-1512 Main Street. This will allow for the future redevelopment of an approximately 35,290 gross square foot, four-story mixed-use building consisting of 42 multi-family residential units, and approximately 1,800 square feet of commercial space.
    • Suffolk County – $1 million: This project is the development of a multi-family, mixed income rental housing at 309 Merritt Avenue in the Hamlet of Wyandanch in the Town of Babylon. The development will include 81 residential units in a 4-story, 82,000 square foot building with proximity to transit. This location is the site of a former cream distributor that has already been demolished. The ground floor of the development will include parking, a lobby, management office, common laundry and a fitness center.

    The Mid-Hudson Region was awarded more than $4.24 million to support six projects:

    • City of Kingston– $477,000: Located at the entrance of the Cornell Street arts corridor, the long-dormant commercial property at 289 Foxhall Avenue will be rehabilitated for the purchase and use by Headstone, Inc., creating new opportunities for jobs, apprenticeships and job shadowing for high school students. Studio spaces will be available to lease by local independent artisans and will provide administrative spaces for local arts organizations. Parking lots will be landscaped to anticipate planned street redesign and provide a welcoming space on a street that has become an arts destination.
    • City of Poughkeepsie– $1 million: The project will renovate the upper floors of the historic Bardavon Opera House at 31 Market Street and the adjacent three-story building at 39 Market Street into a single 35,000 square-foot, five-story mixed-use development. This will create 49 new residential units, that range from studio to two-bedroom apartments, and make improvements to the building’s mechanical systems and structural stability. The entire ground level will be rehabilitated, activating retail space that has been vacant for years.
    • Town of Cornwall – $800,000: The project will transform a long vacant former car dealership at 317 Main Street into a new, upscale 52-unit boutique hotel with a full-service restaurant and bar in the heart of the town. The project will create 35 new full-time hospitality positions and address a significant shortfall in Orange County lodging options, as determined by a study completed by the Orange County Department of Tourism and Film.
    • Town of Fallsburg – $755,450: The proposed project involves the demolition of a condemned schoolhouse at 36 Laurel Avenue and site preparation for the future construction of a 5,000-square-foot healthcare facility. The cleared, shovel-ready site and enhanced infrastructure will support the construction of a permanent medical home for underserved residents.
    • Town of Rockland – $1 million: The Livingston Legacy Holdings Project will transform seven long vacant, formerly commercial structures on 10 Pleasant Street into a bustling multi-use hospitality campus, featuring a restaurant, a sake brewery and tasting room, open air market, public gardens and multi-use spaces for other community-defined needs. Once complete, this campus will feature a much-needed venue suitable for large gatherings and social events requiring large spaces, parking, and catering capabilities.
    • Village of Sleepy Hollow –$211,500: This project is for site deconstruction, cleanup and improvements for 64/68 Beekman Avenue. This vacant and neglected site is located at the heart of the Village’s main commercial corridor, squarely within its NY Forward boundary. Revitalization of the site will increase access to services and make the Village’s downtown more livable. The building at these properties burned down years ago and the site has been overgrown with scattered debris for more than a decade.

    The Mohawk Valley was awarded nearly $8 million to support six projects:

    • City of Rome – $3.5 million – Special Project: This project will repair, rehabilitate, and modernize two tornado-damaged vacant properties at 220 South Madison Street and 522 Henry Street. The EF-2 tornado that swept through the region on July 16, 2024 extensively damaged the 180,000-square-foot facility, collapsing portions of the roof, shattering windows, blowing out entire exterior walls and damaging critical electrical infrastructure. One building will be developed for mixed use with first-floor commercial and event space, and the other will become the largest available industrial space in the Utica-Rome metropolitan statistical area.
    • City of Amsterdam – $1 million: This project will involve the conversion of the former Sonoco Paper Mill at 58-62 Forest Road into a bakery, brewpub and retail location. Upon completion the site will serve as the production and distribution center for Boogie Lab Bakery. The conversion of this abandoned factory into a new production facility for the Bakery and a Brewpub is expected to bring at least 150 jobs to the city.
    • Village of Boonville – $1 million: The Boone Building at 133, 135 and 139 Main Street suffered a devastating fire in 2020, hollowing out the core of the village’s downtown. Reconstruction is planned that will create three first-floor commercial spaces to house a sporting goods store, artisanal meat market, and jewelry store/boutique gift shop. The two upper floors will be ten residential one- and two-bedroom units.
    • Village of Cooperstown – $1 million: This project will demolish 217 Main Street, the site of a former cheese factory, furniture store and baseball bat factory that has sat vacant for years. After demolition, a 50-unit, elevator serviced three-story apartment building will be constructed. This development will yield sorely needed accessible, affordable, and permanent supportive housing, featuring energy efficiency and green building practices, with on-site parking and amenities.
    • Village of Herkimer – $1 million: This project involves the rehabilitation of the historic former Masonic Temple, a 17,524-square-foot property on 415 N. Main Street, into a vibrant commercial hub addressing long-term vacancy and structural decline. The project will develop spaces for diverse business uses, including the region’s only certified kitchen to support food-based enterprises. This project resolves safety and aesthetic concerns, mitigates blight, and leverages the Village’s $10 million Downtown Revitalization Initiative to drive economic growth.
    • Village of Richfield Springs – $469,593: The total project includes the rehabilitation and renovation of 241 Main Street into an inn with guest rooms, an event center, and re-establishing the historic mineral spas. Outside renovations include securing the building’s envelope by replacing the roof, repairing the chimney and steps, installing gutters, and updating the fire escape. Inside renovations include transforming the fourth floor into an apartment, renovating the third-floor bathrooms and laundry room, upgrading electrical and HVAC, and repairing the plumbing.

    The North Country was awarded more than $8.6 million to support eight projects:

    • City of Ogdensburg – $3.5 Million – Special Project: This project includes the adaptive reuse of 119 W. River Street, a long-abandoned former waterfront hotel property situated along the St. Lawrence River. This transformative downtown initiative focuses on restoring two historic stone mill buildings to create a vibrant mixed-use destination, including 10 residential apartments. The redevelopment will breathe new life into a blighted area, enhance the local economy, and provide unique retail, residential, recreational, and dining opportunities for residents and visitors alike.
    • Village of Canton – $749,997: This project will demolish 6,400 square feet of vacant buildings and reconstruct 4,500 square feet of commercial and event space at 15 Gouverneur Street. The objective is to create a welcoming, functional mixed-use space that restores the beauty and history of Canton’s downtown waterfront and increases economic activity and opportunities.
    • Town of Elizabethtown – $500,000: The project involves two buildings on a single parcel of land at 13 Lawrence Way. The Hale House is a 6,500 square foot, 200-year-old building that was once a single-family home, but today is mostly vacant. It will be rehabilitated into four apartments – each approximately 1,650 square feet – aimed to attract young families and professionals. Additionally, the Law Library is completely vacant and lacks heat, water, and wastewater, and will be rehabilitated into a single unit.
    • Town of Lowville – $560,000: The project will redevelop approximately 6,500 square-feet of vacant space at 7623 North State Street, a historic brick block building in Downtown. Funding will assist with the costs for the installation of electrical and plumbing throughout the building, the construction of an ADA-compliant elevator, a stairwell, masonry repairs, and the construction of eight market-rate housing units and amenities.
    • Town of Martinsburg – $1 million: The General Martin Apartments project repurposes the former Glenfield Elementary School at 5960 Main Street into 63 affordable housing units. This adaptive reuse will include 55 one-bedroom, six two-bedroom, and two studio apartments. The building will undergo substantial renovations, incorporating community amenities like a fitness center, laundry facilities, a community room and an outdoor garden.
    • City of Ogdensburg – $914,355: Small City Brewing Company will transform a vacant building at 110 Lake Street into a craft brewery, advancing the development of Ogdensburg’s Marina District – a Brownfield Opportunity Area. The project will include a manufacturing facility with a commercial grade five-barrel brewing system and the addition of a 400 square foot grain room. SCBC plans to wholesale to restaurants and bars and open a retail tasting room on-site with a commercial kitchen and event space.
    • City of Plattsburgh – $405,000: The 5500 Peru Street project is aimed at revitalizing a multi-use building in a key area within the community. This project involves the reconstruction of a building that has been mostly vacant since 2006 into two residential units and more than 4,300 square feet of renovated commercial space.
    • Village of Waddington – $1 million: The former St. Paul’s Episcopal Church at 129 Lincoln Avenue is a 5,120-square-foot stone Georgian structure built in 1818. The now-vacant structure faces severe decay, threatening its place within the historic district. The Village plans to stabilize and rehabilitate the site, comprising the church, the adjoining brick rectory, and a rear wooden garage, to create a multi-use, non-sectarian recreational hub. This transformation will preserve its architectural heritage while drawing new residents, fostering community engagement and providing entertainment options.

    The Southern Tier was awarded $5.4 million to support seven projects:

    • City of Corning – $600,000: The project involves the historic rehabilitation and adaptive re-use of the former Steuben County Courthouse at 10 West First Street into seven apartment-style, market-rate residential units.
    • City of Elmira – $1 million: The Carriage House Inn Project consists of the complete renovation and adaptive reuse of 254 Baldwin Street, transforming the property into a boutique-style hotel to support and develop Elmira’s tourism arts and cultural industries. The finished site will house the Tommy Hilfiger Archive, event space, and 12 hotel rooms.
    • Village of Franklin – $1 million: Funds will support the rehabilitation of three adjoining, vacant, commercial/mixed-use properties at 438-444 Main Street in the heart of the Village’s Historic District totaling 13,500 square feet. The vacant and under-utilized space will be redeveloped into five new commercial businesses and a new apartment. The businesses include a restaurant, café/art studio, arcade & lounge, retail shop and commercial office space, seeking to fill the void of commercial businesses/services that are being sought by visitors.
    • Village of Hammondsport – $1 million: Restore funds will advance the redevelopment of the Curtiss School on 15 Bauder Avenue into 24 apartments, providing workforce housing ideal for young professionals and older adults. The redevelopment will also address the deteriorating building structure, particularly the roof. The building’s gymnasium will be adapted into commercial space ideal for retail, office or other community focused use.
    • City of Hornell – $300,000: The Landman Building is prominently located at 83-93 Main Street in downtown Hornell across from City Hall. The proposed project includes a full adaptive reuse of the existing building, with the addition of a third story. Once completed, the building will be a mixed-use development that will bring more residents and business opportunities into the downtown.
    • Village of Johnson City – $500,000: The proposed project consists of selective internal demolition and rehabilitation at the vacant former David College at 400 Riverside Drive to accommodate 62 apartments, five single-family homes and approximately 22,000 square feet of commercial space.
    • City of Norwich – $1 million: This two-story, 12,400-square-foot former office building at 23 East Main Street will be repurposed to meet critical community needs. The first floor will become a childcare center for 46 children, addressing Chenango County’s childcare desert. The second floor will house Commerce Chenango offices with a reception area, boardroom and conference space, supporting local businesses. The site’s emergency generator and location also position it for FEMA shelter designation, further strengthening community resilience.

    Western New York was awarded more than $6.1 million to support six projects:

    • Village of Almond – $1 million: This project includes the partial demolition and complete rehabilitation of a condemned, vacant and previously abandoned property known as “The Old Coslo’s Building” at 59 Main Street. The project proposes to rehabilitate this parcel into a mixed-use facility with five retail stores, 14 offices and four low-income apartments.
    • City of Jamestown – $721,704: The proposed Prendergast Landing redevelopment project aims to revitalize a historic, vacant building at 106-8 Fairmount Avenue and two adjacent lots into a vibrant, family-friendly destination. The refurbished three-story building will foster local economic growth by featuring a small café, a retail outfitter for outdoor activities, and a boutique showcasing local small businesses on the ground floor. The second floor will offer flexible office spaces ideal for entrepreneurs and a multipurpose room for community events. The third floor will provide three residential lofts that enhance the living experience close to recreational amenities.
    • Town of Niagara – $890,000: This project will redevelop a commercial site at 3505 Hyde Park Boulevard by rehabbing a 62,000 square foot building for future potential manufacturing, as well as demolishing other dilapidated buildings on the site to make way for more than 15 acres of industrial space.
    • Niagara County – $1.25 million: This project will rehab property along Cayuga Creek at 519 Cayuga Drive in Niagara Falls to create a mixed-use complex. They will be focused on the restoration of the retail space, the rehab of the apartments upstairs and the buildout of the dock with 15 new slips for recreational boaters to visit the neighborhood via the water.
    • City of Niagara Falls – $1.25 million: Funding will support a portion of the Niagara Falls Memorial Medical Center Community Initiative. The Medical Center parking garage located at 620 10th Street is in bad condition and several sections are no longer accessible due to structural damage. Medical offices located on the top floor of this garage will be moved to the existing hospital across the street. Once demolished, the open space will be reconstructed into a flat parking area and a new parking garage will be constructed across the street at 621 10th Street.
    • City of North Tonawanda – $1 million: The Riverfront Vista project includes redevelopment of the former Metzger Removal site, a 3.1-acre brownfield site that encompasses 235 River Road and 190 Main Street. The $33.3 million project consists of a mixed-use residential and commercial project comprised of a four-story multi-family building with 48 apartment units and a mixed-use building with 39 apartments along with over 7,600 square-feet of commercial space and 2,690 square feet of community space.

    State Senator Sean Ryan said, “Restore NY is one of New York’s most impactful economic development programs. It encourages new business by reducing vacancy and paving the way for new commercial development. These awards will help turn underutilized properties into assets for the surrounding communities.”

    Assemblymember Al Stirpe said, “This round of awards, made possible by Governor Hochul and Restore New York, takes smart and strategic steps to breathe life back into our communities. Mitigating damage and restoring blighted structures will attract new business and restore the character of local towns in a sustainable way — conserving resources and building materials in the process. By bolstering local revitalization efforts, these projects open municipalities to economic, environmental, and residential opportunities that enhance quality of life for all New Yorkers.”

    These awards complement Governor Hochul’s economic development vision by making strategic investments in communities across the State which revitalize the economy and create more opportunities for New Yorkers. The FY2026 Budget invests $100 million for the Downtown Revitalization Initiative and $100 million for NY Forward. These programs help municipalities promote quality of life, foster socio-economic development and create walkable, livable and safer neighborhoods in every corner of the state. Additionally, the $400 million Championing Albany’s Potential initiative, a collaborative, State-led effort to revitalize Albany’s downtown core. The Budget also includes funding for the state’s Regional Economic Development Council initiative; new this year, the 10 councils will compete, in part, for $150 million in funding as part of the new ACHIEVE initiative to advance catalytic economic development projects backed by enhanced implementation funding to jump-start regional growth.

    MIL OSI USA News

  • MIL-Evening Report: Govt should defuse NZ’s social timebomb – but won’t

    We have been handed a long and protracted recession with few signs of growth and prosperity. Budget 2025 signals more of the same, writes Susan St John.

    ANALYSIS: By Susan St John

    With the coalition government’s second Budget being unveiled, we should question where New Zealand is heading.

    The 2024 Budget laid out the strategy. Tax cuts and landlord subsidies were prioritised with a focus on cuts to social and infrastructure spending. Most of the tax package went to the well-off, while many low-income households got nothing, or very little.

    Even the tiny bit of the tax package directed to low-income people fell flat. Family Boost has significantly helped only a handful of families, while the increase of $25 per week (In Work Tax Credit) was denied all families on benefits, affecting about 200,000 of the very poorest children.

    In the recession, families that lost paid work also lost access to full Working for Families, an income cut for their children of about $100 per week.

    No one worked out how the many spending cuts would be distributed, but they have hurt the poor the most. These changes are too numerous to itemise but include increased transport costs; the reintroduction of prescription charges; a disastrous school lunch system; rising rents, rates and insurance; fewer budget advisory services; cuts to foodbank funding and hardship grants; stripping away support programmes for the disabled; inadequately adjusted benefits and minimum wage; and reduced support for pay equity and the living wage.

    The objective is to save money while ignoring the human cost. For example, a scathing report of the Auditor General confirms that Oranga Tamariki took a bulldozer to obeying the call for a 6.5 percent cut in existing social services with no regard to the extreme hurt caused to children and struggling parents.

    Budget 2025 has already indicated that Working for Families will continue to go backwards with not even inflation adjustments. The 2025 child and youth strategy report shows that over the year to June 2024 the number of children in material poverty continued to increase, there were more avoidable hospitalisations, immunisation rates for babies declined, and there was more food insecurity.

    Human costs all around us
    We can see the human costs all around us in homelessness, food insecurity, and ill health. Already we know we rank at the bottom among developed countries for child wellbeing and suicide rates.

    Abject distress existing alongside where homes sell for $20 million-$40 million is no longer uncommon, and neither are $6 million helicopters of the very rich.

    Changes in suicide rates (three-year average), ages 15 to 19 from 2018 to 2022 (or most recent four-year period available). Source: WHO mortality database

    At the start of the year, Helen Robinson, CEO of the Auckland City Mission, had a clear warning: “I am pleading with government for more support, otherwise what we and other food relief agencies in Auckland can provide, will dramatically decrease.

    “This leaves more of Auckland hungry and those already there become more desperate. It is the total antithesis of a thriving city.”

    The theory held by this government is that by reducing the role of government and taxes, the private sector will flourish, and secure well-paid jobs will be created. Instead, as basic economic theory would predict, we have been handed a long and protracted recession with few signs of growth and prosperity.

    Budget 2025 signals more of the same.

    It would be a mistake to wait for simplistic official inequality statistics before we act. Our current destination is a sharply divided country of extreme wealth and extreme poverty with an insecure middle class.

    Underfunded social agencies
    Underfunded and swamped social agencies cannot remove the relentless stress on the people who are invisible in the ‘fiscally responsible’ economic narrative. The fabricated bogeyman of outsized net government debt is at the core, as the government pursues balanced budgets and small government-size targets.

    A stage one economics student would know the deficit increases automatically in a recession to cushion the decline and stop the economy spiralling into something that looks more like a depression. But our safety nets of social welfare are performing very badly.

    Rising unemployment has exposed the inadequacy of social protections. Working for Families, for instance, provides a very poor cushion for children. Many “working” families do not have enough hours of work and face crippling poverty traps.

    Future security is undermined as more KiwiSavers cash in for hardship reasons. A record number of the talented young we need to drive the recovery and repair the frayed social fabric have already fled the country.

    The government is fond of comparing its Budget to that of a household. But what prudent household would deliberately undermine the earning capacity of family members?

    The primary task for the Budget should be to look after people first, to allow them to meet their food, dental and health needs, education, housing and travel costs, to have a buffer of savings to cushion unexpected shocks and to prepare for old age.

    A sore thumb standing
    In the social security part of the Budget, NZ Super for all at 65, no matter how rich or whether still in full-time well-paid work, dominates (gross $25 billion). It’s a sore thumb standing out alongside much less generous, highly targeted benefits and working for families, paid parental leave, family boost, hardship provisions, accommodation supplement, winter energy and other payments and subsidies.

    Given the political will, research shows we can easily redirect at least $3 billion from very wealthy superannuitants to fixing other payments to greatly improve the wellbeing of the young. This will not be enough but it could be a first step to the wide rebalancing needed.

    New Zealand has become a country of two halves whose paths rarely cross: a social time bomb with unimaginable consequences. It is a country beguiled by an egalitarian past that is no more.

    Susan St John is an associate professor in the Pensions and Intergenerational Equity hub and Economic Policy Centre, Business School, University of Auckland. This article was first published by Newsroom before the 2025 Budget and is republished with permission.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Kingdom: NHS workers awarded real terms pay rises for second year in row

    Source: United Kingdom – Government Statements

    Press release

    NHS workers awarded real terms pay rises for second year in row

    NHS workers, including doctors and nurses, will receive real terms pay rises after the Health Secretary accepted the Pay Review Bodies’ pay recommendations

    • All NHS staff to be awarded above inflation pay rises for second year in a row as government recognises their hard work in rebuilding our broken NHS.
    • Department’s endorsement of Pay Review Body recommendations will be backdated to April and will appear in pay packets from August.
    • Pay uplifts will be funded by cutting duplication and waste in the central health budget.

    All NHS workers, including doctors and nurses, will receive real terms pay rises for the second year in a row, as the Health Secretary has today accepted the independent Pay Review Bodies’ headline pay recommendations for all NHS staff.  

    The government is funding a pay rise of 4% for consultants, specialty doctors, specialists and GPs, with dentists also receiving a contract uplift to increase their pay. In addition, the Department of Health and Social Care has worked closely with unions to deliver on non-pay arrangements, agreed as part of last year’s deals, to improve working conditions for these staff groups.   

    Resident Doctors will see their pay rise by an average of 5.4% (a 4% rise plus a consolidated payment of £750).  

    Agenda for Change (AfC) staff, which includes nurses, health visitors, midwives, ambulance staff, porters and cleaners will see their pay rise by 3.6%. This has increased the starting salary of a nurse, for example, from £27,055 in 2022/2023 to around £31,050 this year – an increase of around £4,000 over the last three years.  

    Alongside the real terms pay increase for AfC staff, the government has also accepted the PRB recommendation to allow the NHS Staff Council to undertake pay structure reform next year to resolve outstanding concerns about banding within the AfC pay structure.  

     Health and Social Care Secretary Wes Streeting said: 

    These are thoroughly deserved pay rises for all our hard-working nurses, doctors and other NHS staff. We inherited a broken health service with extremely low morale after years of pay erosion and poor industrial relations.  

    Which is why, despite the difficult financial situation the nation faces, we are backing our health workers with above-inflation pay rises for the second year in a row. This government was never going to be able to fully reverse a decade and a half of neglect in under a year, but this year’s pay increases – and last year’s – represent significant progress in making sure that NHS staff are properly recognised for the outstanding work they do. 

    In the past ten months, through our Plan for Change, we have worked with staff to cut waiting lists by 200,000 and put the NHS on the road to recovery. These real terms pay rises demonstrate our commitment to continue on our shared mission, to build an NHS fit for the future.

    Sir Jim Mackey, NHS chief executive, said:  

    Today’s announcement of a real terms pay rise shows the government’s support for NHS staff and is recognition of their huge efforts and hard work over the last year.  

    It is particularly welcome as it comes amid significant pressure on the public purse, and so the NHS will in turn focus on reform, cutting waste and reducing duplication to be as efficient as possible, while also offering patients faster and better care.

    All pay uplifts will be backdated to April 1st and will appear in pay packets from August – two months earlier than last year and the earliest award in years. 

    The above inflation pay awards come at a time of serious pressure on the public finances. The Department of Health and Social Care can award across-the-board pay rises above the affordability figure set out by the government (2.8%) because of reforms already being made to cut waste and unnecessary bureaucracy across the health service. 

    Over the past few months, we have identified how extra funds will be freed up by cutting duplication between the department and NHSE, cutting NHSE headcount, slashing budgets for corporate services like NHS communications teams, and bringing down ICB costs by 50%. As a result of the savings found, none of the pay increases will be paid for by cutting frontline services. 

    The government has also reiterated its desire to get NHS staff their money more quickly in future awards. This year’s was the earliest in years, but this government want to go faster in the future, so that the pay award process is bought back into line with the financial year.  

    The government has committed to remitting the pay review bodies for 2026/27 before the end of July, two months before last year, with an ambition to implement awards as soon as possible in 2026/27. 

    Notes to Editors 

    Updates to this page

    Published 22 May 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Gov. Kemp: Mercedes-Benz Establishing North American Headquarters, new Research & Development Hub in Metro Atlanta

    Source: US State of Georgia

    ATLANTA – Governor Brian P. Kemp today announced that Mercedes-Benz will establish Atlanta as Mercedes-Benz’s headquarters in North America by centralizing and uniting key corporate functions. The company will move up to 500 jobs to the existing Mercedes-Benz facility, known as “1MB,” in Fulton County, and make a multi-million dollar investment in a future state-of-the-art Research & Development (R&D) facility to also be located nearby.

    “Georgia continues to lead the way in the future of mobility and technical innovation, attracting world-class companies like Mercedes-Benz that are driving the automotive industry forward,” said Governor Brian Kemp. “We’re excited that a job creator that already has close ties to Georgia is doubling down on that choice and growing their presence here in the best state for business and opportunity.”

    Mercedes-Benz opened its “1MB” facility in 2018 in Sandy Springs, which currently supports approximately 800 jobs in Georgia.

    “We thank the State of Georgia for its support in deepening Mercedes-Benz’s roots in the Atlanta area as we bring even more talented team members to this world-class city,” said Jason Hoff, CEO of Mercedes-Benz North America.  “This strengthens our position for continued growth and reinforces our established commitment to the U.S. market. Bringing our teams closer together will enable us to be more agile, increase speed to market, and ensure the best customer experience.” 

    The ”1MB” facility located in Sandy Springs will house the existing sales teams as well as financial services teams and corporate functions. The new state-of-the-art Research & Development hub will be located near Sandy Springs. The company anticipates that the move to metro Atlanta will be completed by August 2026. To learn more about Mercedes-Benz, visit www.mbusa.com/en/careers or group.mercedes-benz.com/careers.

    “We’re excited to see Mercedes-Benz expanding in Sandy Springs,” said Mayor Rusty Paul, City of Sandy Springs. “Since establishing their headquarters here in 2018, they have been outstanding corporate partners. Their decision to grow in Sandy Springs highlights the success of the city’s recent infrastructure and capital investments which are now clearly paying dividends. This expansion represents a wonderful opportunity and a significant milestone for our continued development.”

    “Having a globally recognized brand like Mercedes-Benz reaffirm its commitment by investing and growing here in Fulton County is a testament to the strength and vitality of our community,” said Chairman Robb Pitts, Fulton County Board of Commissioners. “It proves Fulton County continues to be a destination for corporate solutions, providing major companies an accessible, vibrant, and growing community for their business to thrive in.”

    “This expansion is a testament to both Mercedes-Benz’s commitment to excellence and metro Atlanta’s strength as a hub for innovation and talent. When the 1MB facility opened in 2018, it quickly became an integral part of our business landscape, driving economic growth and elevating the region’s global presence,” said Katie Kirkpatrick, President & CEO of the Metro Atlanta Chamber. “We are proud to see this partnership deepen as Mercedes-Benz continues to invest in our future shared success.”

    Assistant Director of Statewide Projects Elizabeth McLean represented the Georgia Department of Economic Development’s (GDEcD) Global Commerce team on this competitive project in partnership with the City of Sandy Springs, Select Fulton, Metro Atlanta Chamber, and Georgia Power.

    “Since the strategic decision to relocate Mercedes-Benz USA to Sandy Springs in 2018, we have watched Mercedes-Benz become an integral part of our business community. Their continued growth and community involvement are a prime example of why we recruit industry leaders such as Mercedes-Benz to Georgia,” said GDEcD Commissioner Pat Wilson. “This expansion and commitment to R&D in the metro Atlanta area will further strengthen the company’s long-term success, and highlights the talent and collaborative partnerships fostered by the University System of Georgia.”

    About Mercedes-Benz AG

    Mercedes-Benz AG is part of the Mercedes-Benz Group AG with a total of around 175,000 employees worldwide and is responsible for the global business of Mercedes-Benz Cars and Mercedes-Benz Vans. Ola Källenius is Chairman of the Board of Management of Mercedes-Benz AG. The company focuses on the development, production, and sales of passenger cars, vans, and vehicle-related services. Furthermore, the company aspires to be the leader in the fields of electric mobility and vehicle software. The product portfolio comprises the Mercedes-Benz brand with Mercedes AMG, Mercedes Maybach, and G Class with their all-electric models as well as products of the smart brand. Mercedes-Benz AG is one of the world’s largest manufacturers of high-end passenger cars.

    MIL OSI USA News

  • MIL-OSI: Primech AI Commences 2-Year Lease Deployment of HYTRON Autonomous Bathroom Cleaning Robot at Major Singapore Shopping Mall

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 22, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the successful deployment of its state-of-the-art autonomous bathroom cleaning robot, HYTRON, at one of Singapore’s premier lifestyle and shopping destinations. This deployment represents a significant milestone in the Company’s mission to revolutionize facility services through advanced robotics and AI-driven technology.

    The HYTRON robot, powered by NVIDIA’s Jetson Orin Super module, delivers exceptional performance in real-time AI processing, energy efficiency, and intelligent decision-making capabilities within a compact design specifically engineered for high-traffic public environments.

    “Our deployment at this shopping mall demonstrates how advanced robotics and AI can dramatically improve cleanliness and hygiene standards in busy commercial spaces,” said Charles Ng, Co-Founder and Chief Operating Officer at Primech AI. “HYTRON represents our commitment to addressing real-world challenges in facilities management through purpose-built technological solutions.”

    HYTRON’s sophisticated capabilities leverage NVIDIA’s comprehensive suite of technologies, including CUDA for high-performance parallel computing, cuDNN for accelerated deep learning performance, TensorRT for optimized AI inference, and NVIDIA Driver for stable hardware-software communication. These technologies enable HYTRON to maintain consistent cleanliness standards with minimal human intervention.

    Visitors can now observe HYTRON in operation, working efficiently to maintain restroom cleanliness with precision and reliability throughout the mall’s operating hours. The robot’s presence has already generated significant interest among shoppers and facilities management professionals alike.

    This latest HYTRON deployment at one of Singapore’s busiest lifestyle destinations underscores Primech AI’s expanding market presence and mission to transform urban hygiene solutions through innovative robotics. The Company continues to focus on creating tailored solutions for space-constrained environments typical in urban settings across Asia and Europe.

    About Primech AI
    Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

    About Primech Holdings Limited
    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.    

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Company Contact:
    Email: ir@primech.com.sg

    Investor Relations Contact:        
    Matthew Abenante, IRC
    President                                        
    Strategic Investor Relations, LLC                                         
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network

  • MIL-OSI: Modern Renters Crave Easy, Digital Experiences, AppFolio Research Finds

    Source: GlobeNewswire (MIL-OSI)

    Report reveals growing appetite for services that deliver convenience

    Property managers must elevate the resident experience to attract renters amid rising competition

    SANTA BARBARA, Calif., May 22, 2025 (GLOBE NEWSWIRE) —  AppFolio (NASDAQ:APPF), the technology leader powering the future of the real estate industry, today released its 2025 AppFolio Renter Preferences Report. Drawing on insights from over 2,000 U.S. renters, the report outlines key strategies for property managers to gain an edge in a competitive market shaped by rising costs, higher vacancies, and slower rent growth.

    Residents Want Services That Offer Convenience in Their Daily Lives
    Today’s renters expect property managers to offer a digital, consumer-friendly experience similar to what they receive from retailers and on-demand applications. However, the availability of these services – like renter rewards programs, security deposit alternatives, and prompt maintenance support – is still limited, presenting a gap for property managers to fill.

    • Residents who are satisfied with their property manager are 73% more likely to plan to renew their lease. Similarly, those who are satisfied with maintenance are 71% more likely to say they are planning to renew their lease, and 86% of renters who are satisfied with communication about maintenance issues are also satisfied with their property manager.
    • Despite online payments becoming more common, 39% of renters still pay rent through traditional methods like cash or check, with 59% of those renters reporting that online payments are not available to them.
    • When considering a new rental, renters report the most valuable financial services to them are online rent payment (86%), rent reporting (72%), renter rewards programs (72%), flexible rent (69%), and security deposit alternatives (65%).

    Modernizing the Moving Experience Is an Untapped Opportunity
    Moving is a highly stressful part of the rental journey and while digital move-in services can greatly reduce this burden, they remain underutilized. Those who use them overwhelmingly find them helpful.

    • While 35% of renters plan to move from their current housing, primarily seeking better living spaces or lower rent, 44% of those choosing to renew their leases cite the high cost of moving as their main reason for staying.
    • Three-fourths of renters have experienced challenges during the move-in process, with setting up utilities being reported as the top issue.
    • Fewer than 30% of renters have completed their move-in tasks through digital tools, yet 80% of those who have used them found the digital tools beneficial.

    Understanding Generational Differences Is Key to Meeting and Exceeding Resident Expectations
    Gen Z is on track to become the largest renter demographic by 2030. With accessing homeownership continuing to be a challenge, many see rental homes as long-term residences and expect homes that use technology to improve everyday life.

    • 71% of Gen Z renters consider digital move-in services important, compared to 58% of Millennials, 53% of Gen X, and 34% of Baby Boomers.
    • When evaluating a new rental, 69% of Gen Z are interested in smart home technology, compared to 58% of Millennials, 50% of Gen X, and 46% of Baby Boomers.
    • 77% of Gen Z renters prioritize flexible rent, in contrast to 67% of Millennials, 49% of Gen X, and 37% of Baby Boomers.

    “Residents expect fast, easy, and personalized experiences—and our report shows that demand is only growing,” said Stacy Holden, Vice President, Industry Principal at AppFolio. “Property managers that meet and exceed resident expectations will not only address current gaps in service but also attract new renters and build stronger relationships with existing residents.”

    Explore the top trends defining today’s rental landscape and download the 2025 AppFolio Renter Preference Report.

    Survey Methodology
    AppFolio commissioned a survey of 2,002 U.S. renters ages 18 and up, which was conducted from January 24–30, 2025.

    About AppFolio
    AppFolio is the technology leader powering the future of the real estate industry. Our innovative platform and trusted partnership enable our customers to connect communities, increase operational efficiency, and grow their business. For more information about AppFolio, visit appfolio.com.

    For more information, please contact:
    AppFolio
    appfolio@missionnorth.com

    The MIL Network

  • MIL-OSI: LPL Financial and Momentum Wealth Partners Welcome Beacon Financial

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, May 22, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that Beacon Financial has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms, aligning with Momentum Wealth Partners, an existing firm supporting LPL-affiliated advisors. The Beacon Financial team of 10 advisors reported having served approximately $850 million in advisory, brokerage and retirement plan assets* and joins LPL from Cetera.

    Based in Toledo, Ohio, Beacon Financial is led by Principal Owner and CEO Greg Kopan, AIF®, a seasoned financial services veteran with nearly two decades of industry experience. Kopan founded Beacon Financial in 1997 with the goal of helping clients build a more secure financial future. Today, Beacon Financial is a multi-generational practice leveraging multiple perspectives to work toward predictability for their clients’ wealth horizon.

    “Our clients range from business owners and professionals to those nearing or in retirement, and we take a comprehensive approach to understanding each of their needs and goals to create a personalized and tailored plan to help them meet their short- and long-term goals,” Kopan said.

    Looking to pair their client-centered philosophy with the desire to provide their clients with an elevated experience, the team spent 10 months researching firms and doing their due diligence before selecting LPL and Momentum as the best partners for their business goals.

    “LPL stood out to us for several reasons,” Kopan said. “First, LPL has a strategic succession planning team, and that’s incredibly important as we are a multi-generational practice, and the future of the firm is always top of mind. LPL’s robust integrated and streamlined technology also stood out because we have a lot of older clients, and I am confident that having a single sign-on will be a positive change for them. Another deciding factor is that LPL understands our concerns around cybersecurity and is committed to helping combat the issue. Last year, LPL spent more than $500 million on technology infrastructure and cybersecurity to help advisors keep their businesses — and their clients — safe.”

    Kevin Frank, Momentum Wealth Partners Managing Partner and Co-founder, stated, “At Momentum, our mission is to empower advisors to achieve their professional goals by providing strategic planning, personalized support and an unwavering partnership — the same type of partnership that the Beacon Financial team provides to their clients. We look forward to a successful partnership for years to come.”

    Scott Posner, Managing Director, Business Development, said, “We welcome the Beacon Financial team and are honored they turned to LPL and Momentum Wealth Partners for the next phase of their business. At LPL, we are committed to helping advisors provide differentiated experiences by delivering innovative capabilities and strategic resources that make it easier for advisors to manage their practices and build long-term value with their clients.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to — run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Beacon Financial, Momentum Wealth Partners and LPL Financial are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact: 
    Media.relations@LPLFinancial.com

    Tracking #735638

    The MIL Network

  • MIL-OSI Europe: EBA publishes onboarding plan to implement the Pillar 3 data hub

    Source: European Banking Authority

    The European Banking Authority (EBA) today published an onboarding plan for large and other institutions, setting out the steps required for accessing and submitting information to the new Pillar 3 Data Hub (P3DH) – the EBA’s centralised platform for public disclosures under the Capital Requirements Regulation (CRR3).This initiative is a significant milestone in the EBA’s commitment to enhancing transparency and consistency in Pillar 3 disclosures across the EU financial system and promoting market discipline.

    The onboarding plan outlines the procedural steps that institutions need to follow to ensure timely and accurate submissions of Pillar 3 information. The onboarding plan provides a step-by-step guide for the identification of institutions and to give them access to the EBA’s EUCLID Regulatory Reporting Platform, through which the Pillar 3 data will be submitted. It also spells out the timeline for the process, which will follow a phased-in approach.

    In addition to the onboarding plan, the EBA is publishing a list of Frequently Asked Questions (FAQs) that aim to help institutions during the first implementation and data submission process. The FAQs will be a living document that will be updated by the EBA as needed.

    Furthermore, the EBA is introducing a phased-in approach and transitional provisions that should give institutions time to prepare for the process. This means that institutions will be able to continue to fulfil their Pillar 3 disclosure obligations during 2025 as usual, and the submissions to the P3DH will occur only at a later stage. This approach will give institutions with enough time to complete the onboarding process and align their internal processes, without impacting the compliance with the CRR requirements.

    By providing a single, centralised platform for Pillar 3 data, the EBA will support all interested users—including institutions—by significantly enhancing access and comparability of prudential information. For the first time, users will be able to explore and visualise disclosures across institutions and over time in a single public platform, making it easier for institutions to benchmark themselves against peers and fostering market discipline. This will not only strengthen the transparency of the EU banking sector but also promote the soundness and resilience of the broader financial system. The P3DH information will be available to the public from December 2025.

    The EBA encourages all relevant institutions to familiarise themselves with the onboarding process and begin preparations for the P3DH implementation.

    Legal basis, backgrounds and next steps

    The new Banking Package (CRR3/CRD6), which will implement the latest Basel III reforms in the EU, includes a mandate to the EBA to develop a Pillar 3 data hub. The EBA’s plan on how to implement the mandates included in the Banking Package is explained in the ‘EBA Roadmap on strengthening the prudential framework’, published in December 2023.

    The CRR establishes the prudential disclosure requirements and policies applicable to institutions, specifying the frequency and scope of these disclosures by type of institution, e.g. large institutions, small and non-complex institutions (SNCI) and other institutions The CRR3 (Articles 434 and 434a) mandates the EBA to publish on its website the prudential disclosures for all institutions subject to such requirements, making it readily available in a centralised manner to all the relevant stakeholders through a single electronic access point on its website. To comply with this mandate, the EBA is building a data hub putting together all the disclosures required under Part Eight of the CRR. As a first step the EBA has published also the final draft ITS on the Pillar 3 data hub for large and other institutions. 

    MIL OSI Europe News

  • MIL-OSI Security: Santa Barbara County Investment Advisor Sentenced to Over 10 Years in Prison for Stealing Nearly $2.3 Million From Elderly Clients

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    LOS ANGELES – A Santa Barbara County investment advisor was sentenced today to 121 months in federal prison for stealing approximately $2.25 million from elderly clients of her investment advisory business, including clients that were receiving end-of-life care.

    Julie Anne Darrah, 52, of Santa Maria, was sentenced by United States District Judge Otis D. Wright II, who will schedule a restitution hearing at a later date.

    Darrah pleaded guilty on March 4 to one count of wire fraud.

    During the scheme, Darrah stole approximately $2.25 million from her firm’s clients. She did so by obtaining control of her victims’ assets, and then – without the victims’ knowledge or consent – she liquidated their security holdings and transferred the proceeds to accounts she controlled. As part of this, she convinced victims to sign documents making her the trustee of their trusts or a signatory on their bank accounts or giving her power of attorney over their brokerage accounts and allowing her – as their investment advisor – to transfer funds from their accounts to other bank accounts, including to her own accounts.

    Darrah took advantage of trust victims placed in her – often convincing them she would take care of them in their older years like a daughter, and she used this trust to convince them to sign the documents that she then used to steal money from them. In this way, Darrah stole money from victims from approximately November 2016 to July 2023. She used stolen funds to buy properties for herself, pay other personal expenses, buy luxury vehicles, and operate other business ventures. Some victims were left in desperate circumstances, without the money to pay for end-of-life care, when the fraud was discovered.

    Darrah also convinced a company identified in the plea agreement as “Business Victim 1,” a Minnesota-based investment advisor firm, to acquire VFM based on false and misleading statements and the concealment of material facts, including not telling that firm about her theft of individual client funds. After the fraud was discovered, Business Victim 1 incurred approximately $5.4 million in losses.

    In October 2023, the SEC filed a civil complaint against Darrah in connection with this scheme. In December 2024, United States District Judge Dale S. Fischer found Darrah liable to pay $2,416,511, including interest.

    The FBI and the Federal Deposit Insurance Corporation Office of Inspector General investigated this matter.

    Assistant United States Attorney Kerry L. Quinn of the Major Frauds Section prosecuted this case.

    If you or someone you know is age 60 or older and has been a victim of financial fraud, help is available at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311). This Department of Justice hotline, managed by the Office for Victims of Crime, is staffed by experienced professionals who provide personalized support to callers by assessing the needs of the victim and identifying relevant next steps. Reporting can help authorities identify those who commit fraud and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. English, Spanish and other languages are available.

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  • MIL-OSI United Kingdom: Chair welcomes over £600k of regeneration funding for Highland project

    Source: Scotland – Highland Council

    The Chair of The Highland Council’s Economy and Infrastructure Committee, Councillor Ken Gowans, has welcomed the announcement that a Highland project has been successful in applying for funding support under the latest round of funding from the Regeneration Capital Grant Fund (RCGF).

    Glen Urquhart Rural Community Association (GURCA) in Drumnadrochit has been awarded £602,500 to redevelop and remodel Glen Urquhart public hall into a thriving and more energy efficient community hub. The refurbished hall will include flexible spaces (including meeting rooms) with increased capacity to meet the needs of a wider range of groups and users. (Total project cost £1,580,187)

    Cllr Ken Gowans said: “It is terrific news that this very worthy community-led project is set to benefit from RCGF funding support. There is a lot of competition across the whole of Scotland to get a share of the fund so to have over £600k awarded in the Highlands is good news.

    “The RCGF is all about targeting financial support to provide a boost to social and economic regeneration. I wish everyone involved in this project well as they now press ahead with their plans. This is an ambitious project to make a real difference, so I look forward to seeing the benefit it brings to the local community.”

    Scottish Ministers and COSLA have recently announced a new funding round for RCGF funding.  Further details will be on the Community Regeneration Fund website shortly. About the fund | Community Regeneration Funding | The Highland Council

    22 May 2025

    MIL OSI United Kingdom

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

    Source: IMF – News in Russian

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

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

    Paris, France – May 22, 2025

    An International Monetary Fund (IMF) mission, led by Manuela Goretti and comprising Florian Misch, Rasmane Ouedraogo, Maryam Vaziri, and Torsten Wezel, conducted discussions during May 12-22 for the 2025 Article IV Consultation with France. At the end of the visit, the mission issued the following statement:

    The French economy has demonstrated resilience despite high uncertainty, with disinflation progressing well and the labor market remaining robust. However, high and rising public debt, combined with significant domestic and external headwinds to the recovery, highlights the need to strengthen public finances and pursuing structural reforms to foster sustainable growth. The French authorities’ commitment to bring the deficit below 3 percent of GDP by 2029 is welcome and should be supported by a credible and well-designed package of measures. Advancing France’s structural reform agenda will be crucial to boost productivity and facilitate fiscal consolidation. While the financial sector remains resilient, strong supervisory practices need to continue adapting to an increasingly complex financial landscape. France’s sustained efforts to deepen the European single market remain critical to support the economy and strengthen its ability to withstand shocks.

    Economic Outlook

    High domestic and external uncertainty is expected to continue weighing on the short-term economic outlook. Real GDP growth is projected to slow to 0.6 percent in 2025 and reach 1 percent in 2026. These projections reflect a delayed recovery in private consumption and investment due to weak confidence and fiscal tightening this year, despite some uplift from monetary policy easing. Weaker external demand, amid trade tensions, market volatility, and geo-economic uncertainty, is expected to further dampen exports and investment prospects. These projections are based on the April World Economic Outlook global assumptions and do not reflect the latest trade policy announcements. Over the medium term, growth is projected to converge to around 1.2 percent, before decelerating towards its long-term potential of 1 percent reflecting both demographic trends and need for further structural reforms. The disinflationary process is progressing well, with average headline inflation projected at 1.2 percent in 2025, due to base effects and lower energy prices, and core inflation at 1.9 percent.

    The outlook remains subject to significant downside risks, notwithstanding potential upsides. Deepening geoeconomic fragmentation and rising trade tensions could disrupt trade and financial flows and dampen economic activity. In such an environment, uncertainty would increase, and financial conditions could tighten further, reducing domestic demand and worsening debt dynamics. Political fragmentation and social tensions could delay fiscal consolidation and reform efforts, further weighing on confidence and the outlook, raising fiscal risks. On the upside, easing trade tensions and renewed structural reform momentum could improve growth prospects over the medium term. Domestic reforms could be strengthened through deeper coordination and integration at the EU level. Consumption could be stronger if household saving rates eased more rapidly on the back of dissipating uncertainty. Business investment and export performance could also surprise on the upside, driven by higher demand—in France and in the rest of Europe—including for defense as well as digital and green technologies.

    Fiscal Policy: Reducing Debt while Refocusing Spending Priorities

    Building on the 2025 budget, the authorities are committed to implementing their Medium-term Fiscal Structural Plan (MTFSP) to bring the deficit below 3 percent of GDP by 2029. While the envisaged adjustment is appropriate to improve debt dynamics and strengthen France’s resilience to shocks, it needs to be supported by a credible and well-designed package of measures and remains subject to implementation risks, as evidenced by recent setbacks. Under staff’s current policy baseline scenario, which incorporates only legislated and clearly specified measures, the deficit is projected to decline to 5.4 percent of GDP in 2025, in line with the budget target. However pending approval of significant additional measures, it would remain around 6 percent of GDP in the medium-term, keeping debt on an upward trend until 2030. While short-term risks remain manageable, debt dynamics have weakened significantly, following consecutive fiscal slippages in 2023 and 2024, and remain highly sensitive to the real interest rate and growth path. In this context, France’s commitment to undertake further fiscal consolidation, as per EU rules, represents an important mitigating factor.

    Significant additional fiscal efforts will be crucial to preserve fiscal space and create room to absorb rising spending demands, while placing debt on a downward path. Staff recommends a frontloaded structural fiscal effort of 1.1 percent of GDP in 2026, followed by an average of about 0.9 percent of GDP per year over the medium term, broadly in line with the authorities’ plans. The recommended adjustment would allow the country to exit the excessive deficit procedure by end-2029, as targeted. Staff’s debt sustainability analysis indicates that the recommended fiscal path would markedly reduce medium-term debt sustainability risks, with the debt-stabilizing primary balance being reached in 2027.

    Achieving this substantial fiscal consolidation will require decisive actions and difficult decisions to ensure equity and fairness amid challenging trade-offs:

    • Given France’s already high tax-to-GDP ratio, any new tax measures should be focused on reducing inefficient tax expenditures and tackling tax avoidance while improving equity. While exceptional temporary revenue measures can help kickstart much needed fiscal adjustment, France’s level of taxation—among the highest in the EU—indicates that sustained tax-based fiscal consolidation, of the magnitude necessary to advance France’s medium-term plans, would hamper business confidence, household consumption, and growth potential. Building on recent experiences, the authorities should continue to monitor and evaluate tax expenditure programs to address inefficiencies vis-à-vis intended objectives and generate savings. This approach would also simplify the tax system and facilitate revenue forecasting.

    • The authorities should focus on rationalizing spending and strengthening its efficiency, with concerted action across all government levels: central government, social security, and local governments. France has the highest spending-to-GDP ratio among EU countries. There are several avenues to rationalize spending and improve its quality, while preserving growth-enhancing investment in key priority areas and mitigating distributional impacts on the most vulnerable. The planned expansion of spending reviews and efforts to minimize overlaps across government entities, including local governments, can streamline spending by addressing inefficiencies and reducing red tape. There is also scope to further improve the targeting of social benefits, including by reviewing eligibility and duration of unemployment benefits, to better target active labor market initiatives, as well as to further simplify and harmonize pension schemes, while ensuring a balanced system, building on the 2023 pension reform. These efforts would foster less fragmented and longer careers while enhancing the sustainability and intergenerational equity of the social security system. Enhanced monitoring and financial coordination can also generate savings at the local and national levels.

    The authorities’ initiatives to reinforce public finances forecasting and budget controls, in response to recent fiscal slippages, are welcome. The March 2025 Action plan by the authorities aims at enhancing monitoring of tax revenue, fostering greater transparency, and reinforcing the role of the High Council for Public Finances. Sustained efforts in these areas are essential to identify and proactively address fiscal risks, strengthen public finance management, and enhance fiscal policy credibility. Contingency plans will be also needed to ensure that pressing priority spending needs, including in defense, are met without compromising public finances.

    Macrostructural Policies to Support Jobs and Productivity Growth

    Raising weak productivity growth is critical for sustaining France’s economic prospects, in the face of substantial fiscal consolidation needs. The per capita income gap between France and the US has increased since the early 2000s and now exceeds 20 percent, primarily due to lower productivity and employment in France. Macro-structural reforms can play a critical role in lifting potential output, while facilitating fiscal consolidation efforts. For example, an increase in potential GDP growth of 0.3 percentage points could help reduce public debt by nearly 10 percent of GDP over the long term.

    France is well-positioned to capitalize on the green and digital transitions through greater efforts to support innovation and access to capital. France’s comparative advantage in low-carbon technologies and its potential to become a European hub for Artificial Intelligence can foster the development of new technologies and support growth. Ongoing efforts by the authorities to review and rationalize state aid and R&D tax expenditures by focusing on the most impactful schemes and better targeting eligibility criteria can boost innovation and help close gaps with peers. Enhancing access to finance and reducing financing costs for productive but credit-constrained firms is crucial and should be supported by advancing the EU Savings and Investment Union which can increase the availability of capital and its efficient allocation.

    To support entrepreneurship, policies should focus on easing entry barriers and reducing the regulatory burden. France performs relatively well in terms of product market regulation, but reducing administrative market entry barriers for firms, especially in some services sectors, is crucial for boosting business dynamism and productivity growth. The Simplification Bill, currently under discussion, would be an important step towards further reducing the regulatory burden and streamlining requirements, particularly for small and medium size firms. At the European level, deepening the single market through the removal of remaining intra-EU trade barriers and greater harmonization of regulations can help firms achieve economies of scale and incentivize innovation by expanding market size.

    Sustained efforts to promote employment and job quality remain critical to facilitate green and digital transitions, amid an aging workforce, and boost productivity growth. While employment rates have increased, they remain low in segments of the population compared to other countries. Possible areas for policy intervention include further social benefit reforms to enhance work incentives and reduce career fragmentation, particularly among younger and older individuals. These measures can be complemented by efforts to further raise labor force participation of women, including through recent initiatives to support STEM careers, and better integrate migrants into the labor market. Promoting workforce skills and healthy aging would also contribute to job quality.

    Adapting to a Complex Financial Landscape

    The banking sector has demonstrated resilience to recent shocks, supported by prudent lending standards and strong precautionary buffers. While profitability remains below the EU average, banks’ solvency and liquidity positions are robust, with adequate buffers. Sound prudential measures are mitigating housing market risks as property prices stabilize, while risks to the banking sector from corporate indebtedness and sovereign exposures remain manageable. Notwithstanding high uncertainty, financial stability risks remain contained, with French banks showing resilience under severe geopolitical and recessionary stress test scenarios, applied in the context of the IMF’s 2025 Financial Sector Assessment Program (FSAP).

    The connections between the banking system, insurance firms, and domestic funding markets warrant continued close monitoring. The FSAP stress test indicates that investment funds possess sufficient liquidity to withstand large redemption shocks, and French banks’ liquidity buffers can absorb potential market shocks from associated fixed-income sell-offs. Moreover, liquidity management tools to contain redemption risks have been widely adopted. Nevertheless, amid global uncertainty and episodes of high market volatility, there is scope to further strengthen oversight through greater monitoring and data sharing on fund liability structures as well as closer collaboration among non-bank financial institutions supervisors in France and at the EU level.

    https://www.imf.org/en/News/Articles/2025/05/22/CS-France-2025

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    MIL OSI Russia News

  • MIL-OSI Video: Syria: Sanctions eased, but economic recovery demands global support – Briefing | United Nations

    Source: United Nations (Video News)

    The Special Envoy for Syria, Geir Pedersen, today (21 May) “warmly” welcomed last week’s announcement by United States President Donald Trump on the cessation of sanctions on Syria, as well as similar steps recently announced by the European Union and the United Kingdom.

    Briefing the Security Council remotely from Damascus, Pedersen said, “I have long called for bold steps on sanctions, as have millions of Syrians in and outside the country.”

    The Special Envoy said there “are indeed historic developments,” which “hold major potential to improve living conditions across the country and to support the Syrian political transition,” as well as giving the Syrian people “a chance to grapple with the legacy of misrule, conflict, abuses and poverty from which they are trying to emerge.”

    Pedersen said, “we also know that Syria faces significant structural challenges, with an economy ravaged by over a
    decade of war and conflict, and a host of other destabilizing factors. Revitalizing a devastated economy will require from the interim authorities sustained actions including on overall economic reform and governance standards across the financial system, and this will need international support.”

    He also noted “alarm at renewed Israeli airstrikes in Syria in the reporting period, including during the violence in Druze areas and close to the presidential palace.”

    Such attacks, Pedersen said, “are unacceptable and must cease,” and Syria’s “sovereignty, independence, and territorial integrity must be respected.”

    He said, “there are clearly diplomatic possibilities and these must be prioritized.”

    Also briefing remotely, the Geneva Office for the Coordination of Humanitarian Affairs in Geneva (OCHA) Director, Ramesh Rajasingham, said, “16.5 million Syrians need protection and humanitarian assistance. Over half of the population is food insecure. Nearly 3 million people face severe food insecurity.”

    Rajasingham noted that “more than 670,000 men, women and children have been displaced since November last year. This includes some 15,000 people displaced between 30 April and 6 May from Rural Damascus due to the violence in Druze-majority areas.”

    At the same time, he said, “since December, over 1 million internally displaced people have returned to their areas of origin, including some 330,000 people from camps in north-west Syria.”

    Highlighting the alarming funding situation, he warned that as of today, only 10 percent has been funded of the $2 billion needed to reach 8 million people from January through June of this year.

    United States representative John Kelley told the Council that President Trump pledged sanctions relief, will give Syrians, “a chance at greatness,” adding that Trump “wants to see Syria and the entire region thrive.”

    Kelley said, “that’s why he’s made a bold decision on Syria with the hope the new government will take this opportunity to rebuild and take the country from being a source of instability to a source of stability.”

    For his part, Syria’s representative Riyad Khaddour said, “today, we are witnessing the international community’s eagerness to embrace this pivotal moment re-opening its doors to Syria and engaging actively with it. This clearly culminated with the visit of the President of the United States to the region in which included key milestones and constructive decisions, most notably, President Trump’s courageous decision announced from Riyadh – a location of great symbolic significance – to lift sanctions on Syria.”

    Khaddour said, “the new Syria is in sincere pursuit of becoming a state of peace and partnership, not a battleground for conflicts or a platform for foreign ambitions. The new Syria welcomes constructive cooperation initiatives based on mutual interests and mutual respect.”

    https://www.youtube.com/watch?v=7JJTPqnrGoE

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  • MIL-OSI Europe: Press release – Parliament supports proposals to simplify EU carbon leakage instrument

    Source: European Parliament

    The proposed changes to the EU carbon border adjustment mechanism (CBAM) are part of simplification efforts to reduce the administrative burden for SMEs and occasional importers.

    Parliament today endorsed the Commission’s proposal, which is a part of the “Omnibus I” simplification package presented on 26 February 2025. MEPs adopted only technical amendments for clarification purposes and supported a new de minimis mass threshold of 50 tonnes. This would exempt the vast majority (90%) of importers − mainly small and medium-sized enterprises and individuals − who import only small quantities of CBAM goods. The CBAM environmental objectives remain achievable, as 99% of total CO2 emissions from imports of iron, steel, aluminium, cement and fertilisers would still be covered by the rules.

    For the imports covered, the changes also simplify the authorisation process for declarants (parties wishing to import goods subject to the CBAM), the calculation of emissions and the management of CBAM financial liability, while strengthening anti-abuse provisions.

    Quote

    After the vote, rapporteur Antonio Decaro (S&D, IT) said: “The CBAM is a crucial instrument to help the EU prevent carbon leakage and incentivise climate action outside the EU. I am therefore glad that Parliament decided not to reopen other provisions of the CBAM legislation. This approach enables us to simplify matters for companies without dismantling or weakening the CBAM. We will continue to work quickly to bring legal clarity and certainty to all CBAM stakeholders.”

    Next steps

    MEPs adopted the text by 564 votes in favour, 20 against and with 12 abstentions. Parliament is now ready to start negotiations with Council on the final shape of the legislation.

    Background

    The EU’s carbon border adjustment mechanism is the EU’s tool to equalise the price of carbon paid for EU products operating under the EU emissions trading system (ETS) with that of imported goods, and to encourage greater climate ambition in non-EU countries. In early 2026, the Commission will assess whether to extend the scope of the CBAM to other ETS sectors at risk of carbon leakage.

    MIL OSI Europe News

  • MIL-OSI Europe: Health partnerships are key

    Source: European Investment Bank

    Recognising the imperative to be even better prepared for the next pandemic, we have continued to build on this previous success. The EIB is providing Gavi with €1 billion in liquidity to accelerate access to vaccines for viruses with pandemic potential (such as Ebola), and to support routine vaccination against preventable diseases like measles, malaria, and the human papillomavirus (HPV), which is a leading cause of cervical cancer. (A new vaccine against tuberculosis could also be on the horizon.)

    This innovative approach has also inspired others and catalysed their efforts. For example, the G7 development-finance institutions, together with the EIB, MedAccess, and the International Finance Corporation, are working on a new surge-funding instrument to mobilise vaccines, therapeutics, diagnostics, and other medical goods that low- and lower-middle income countries will need to respond to future pandemics.

    Boosting regional vaccine production is a critical priority. Africa accounts for 20% of the world’s population, but produces just 0.1% of the world’s supply of vaccines. Building the continent’s vaccine-manufacturing base is a key part of any strategy to strengthen overall pandemic preparedness.

    Here, too, the EIB’s partnership and financial innovation are a game changer. Gavi’s $1.2 billion African Vaccine Manufacturing Accelerator – backed by over €750 million from European governments, as well as institutions including the EIB – is designed to dismantle barriers to local vaccine production. To help Africa achieve vaccine sovereignty, the EIB is also directly financing production facilities in Ghana, South Africa, and Senegal, through the Institut Pasteur de Dakar.

    Africa accounts for 20% of the world’s population, but produces just 0.1% of the world’s supply of vaccines.

    MIL OSI Europe News

  • MIL-OSI Europe: EU Fact Sheets – General principles of EU industrial policy – 21-05-2025

    Source: European Parliament

    The EU’s industrial policy aims to make European industry more competitive so that it can maintain its role as a driver of sustainable growth and employment in Europe. The digital transition and the transition towards a carbon-neutral economy have led to the adoption of various strategies to ensure better framework conditions for EU industry. The impact of the COVID-19 pandemic and the war in Ukraine have sparked new reflections on economic recovery, reconstruction and building resilience.

    MIL OSI Europe News

  • MIL-OSI Europe: Press release – Deal on patent rules exception to ensure the supply of critical products

    Source: European Parliament

    The new rules will ensure that the EU will be able to secure the necessary supply of crisis-relevant products and technologies that are otherwise protected by patents.

    European Parliament and EU government negotiators reached an agreement on new legislation ensuring availability of crisis-relevant products, such as vaccines or chips, during emergencies. According to the new bill, the EU will be able to issue special permission for the production of patent-protected goods during cross-border emergencies, without needing the authorisation of the rights-holder. This would allow the immediate production, for example, of vaccines or therapeutics also by other companies than the one holding the patent.

    This special permission, known as compulsory license, can be issued by the European Commission in clearly defined emergencies, such as a cross-border health crisis or internal market emergency, with specified scope, territorial coverage and duration. It would be used only as a last resort and only in cases where a voluntary agreement between rights-holder and licensee could not be reached. The new law will not apply to defence-related products. In the process of launching the compulsory license procedure, the Commission will have to identify all related intellectual property rights and their holders.

    Right to compensation and fines for breaches

    The rights-holder would also be entitled to appropriate remuneration for the use of their patent by the licensee. The amount and timeframe for payment would be determined by the Commission and specified in the compulsory license. The regulation does not require the disclosure of trade secrets.

    The new rules also clarify obligations for licensees, e.g. not to produce more products than a set maximum amount and to label the products manufactured under compulsory license. Should a licensee breach the agreed obligations, such as producing more products than allowed or exporting them from the EU, the Commission can impose a fine not exceeding €300,000 and in the case of small or medium-sized enterprise not exceeding €50,000.

    Consulting advisory body, rights-holders and licensees

    A competent advisory body, or if such an organisation does not exist, an ad-hoc advisory body will issue its non-binding opinion on the need to grant an EU compulsory license. Rights-holders and licensees will also be consulted during the process and notified of the termination or expiry of a compulsory license.

    Quote

    Following the negotiations, rapporteur of the Legal Affairs Committee Adrián Vázquez Lázara (EPP, ES) said: “I am proud to see this regulation adopted. It strikes a crucial balance between protecting intellectual property rights and ensuring that, in times of crisis, essential technologies and products can be made available swiftly across the Union. This framework enhances our collective preparedness and reinforces the EU’s commitment to both innovation and public welfare.”

    Next steps

    Once formally approved by the Parliament as a whole and the member states, the regulation will enter into force one day after its publication in the Official Journal.

    Background

    The European Commission presented its proposal on compulsory licensing in April 2023, as part of the EU patent package focusing on completion of the Single Market for patents. It was its reaction to the European Parliament resolution of November 2021, where it called on the Commission to analyse the possibility of compulsory licencing at the EU level.

    MIL OSI Europe News