Category: Economy

  • MIL-OSI: Innventure, Inc. to Announce First Quarter 2025 Results on May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., May 13, 2025 (GLOBE NEWSWIRE) — Innventure, Inc. (NASDAQ: INV) (“Innventure”), a technology commercialization platform, today announced it will release its first quarter 2025 financial results after market close on Thursday, May 15, 2025. Management will host a conference call on the day of the release (May 15, 2025) at 5:00 pm ET to discuss the results.

    The event will be webcasted live via our investor relations website https://ir.innventure.com/ or via this link.

    Parties interested in joining via teleconference can register using this link: https://register-conf.media-server.com/register/BI8dd995c128724703b3974b5af278bf27

    After registering, you will be provided dial in details and a unique dial-in PIN. Registration is open through the live call, but to ensure you are connected for the full call, we suggest registering in advance.

    About Innventure
    Innventure founds, funds, and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure takes what it believes to be breakthrough technologies from early evaluation to scaled commercialization utilizing an approach designed to help mitigate risk as it builds disruptive companies it believes have the potential to achieve a target enterprise value of at least $1 billion. Innventure defines ‘‘disruptive’’ as innovations that have the ability to significantly change the way businesses, industries, markets and/or consumers operate.

    Media Contact: Laurie Steinberg, Solebury Strategic Communications
    press@innventure.com

    Investor Relations Contact: Sloan Bohlen, Solebury Strategic Communications
    investorrelations@innventure.com

    The MIL Network

  • MIL-OSI Submissions: Africa – Morocco’s Ambassador Visits Edinburgh to Spark Energy and Agriculture Partnerships

    SOURCE: Scottish Africa Business Association (SABA)

    The Ambassador’s visit will include meetings with key stakeholders from government, industry and academia, as well as a number of roundtables and site visits with Scottish businesses eager to explore opportunities in Morocco
    ABERDEEN, Scotland, May 13, 2025 – The Scottish Africa Business Association (SABA) (www.AfricaScot.com) is delighted to announce the forthcoming visit of His Excellency Hakim Hajoui, the Ambassador of the Kingdom of Morocco to the United Kingdom, to Scotland. This high-level visit will focus on strengthening partnerships between Scotland and Morocco across the energy, renewable energy and agriculture sectors.

    The Ambassador’s visit will include meetings with key stakeholders from government, industry and academia, as well as a number of roundtables and site visits with Scottish businesses eager to explore opportunities in Morocco – one of Africa’s most dynamic and forward-looking economies.

    Morocco has established itself as a renewable energy leader in Africa, with a goal of sourcing over 50% of its electricity from renewables by 2030. Major investment opportunities exist in solar, wind, green hydrogen and grid infrastructure. The country is also undertaking significant modernisation of its agriculture sector, with a focus on sustainable farming, water management, and agri-tech innovation — all areas where Scottish companies and research institutions have exceptional capabilities.

    Education and skills training will also be a key focus of the visit, as both Scotland and Morocco recognise the importance of developing human capital to drive forward innovation and economic growth. Scottish universities and training institutions have a long history of providing world-class education, and through new partnerships, there is a real opportunity to support Morocco’s workforce development in line with its evolving industrial needs.

    Seona Shand, Chief Operating Officer of the Scottish Africa Business Association, said: “We are thrilled to welcome the Ambassador of Morocco to Scotland. This visit comes at a pivotal time as Morocco accelerates its ambitious green energy transition and advances major agricultural reforms. Scotland’s world-class expertise in renewable energy, offshore wind, green hydrogen and agricultural innovation is a perfect match for Morocco’s ambitions. We see enormous opportunities for Scottish businesses to partner with Moroccan counterparts, share know-how and co-create solutions that will benefit both nations.”

    The visit will serve as a catalyst for building new partnerships, enhancing trade and investment and cultivating knowledge exchange between Scotland and Morocco.

    Companies can register to attend at https://apo-opa.co/456agPk                
    Distributed by APO Group on behalf of Scottish Africa Business Association (SABA).

    About the Scottish Africa Business Association (SABA):
    SABA is the preeminent non-political, Africa focussed, members trade organisation with an unrivalled board of experienced directors which promotes trade, investment and knowledge sharing between Scotland’s world class expertise and Africa’s priority sectors including energy, agriculture, the blue economy, healthcare, skills training and education by leveraging extensive commercial, trade, political and government contacts across Scotland and Africa.

    As part of this, our team organises private meetings, round tables, seminars, conferences, global trade missions and offers market research, intelligence sharing and consultancy services.          

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Africa – Largest number ever of around 200 Japanese companies to participate in the Tokyo International Conference on African Development (TICAD) Business Expo & Conference

    SOURCE: Japan External Trade Organization (JETRO)

    Seeking opportunities in African markets with diverse business contents

    TOKYO, Japan, May 13, 2025 – Japan External Trade Organization (JETRO; Chairman and CEO: ISHIGURO Norihiko; Headquarters: Minato-ku, Tokyo) (www.JETRO.go.jp) is pleased to announce that it will host the TICAD Business Expo & Conference from 20 to 22 August 2025, as one of the Thematic Events of the Ninth Tokyo International Conference on African Development (TICAD9).

    This event will comprise four zones – Japan Fair, Africa Lounge, Event Stage, and Thematic Exhibitions – bringing together diverse content in one venue in a new style of event organisation. A total of 196 Japanese companies and organisations (including 107 small and medium enterprises (SMEs)) will be participating in Japan Fair, the largest number ever, making the TICAD business Expo & Conference the largest-ever Africa-related event to be organised by JETRO.

    Download Exhibitor List: https://apo-opa.co/3F6KiAM

    TICAD9 will be held in Yokohama, Kanagawa Prefecture from 20 to 22 August 2025, led by the Government of Japan and co-hosted by United Nations, United Nations Development Programme (UNDP), African Union Commission (AUC) and World Bank. In conjunction with TICAD9, JETRO has planned the TICAD Business Expo & Conference as a new style of business events that brings together diverse exhibits and opportunities for interaction. In order to support the proactive initiatives of Japanese companies to grasp expanding business opportunities in the African market, JETRO has updated its event model from a conventional exhibition to provide a more practical venue for business exchanges.

    Japan Fair aims to create new business opportunities in the African market by introducing excellent products, technologies, and the services of Japanese companies to government officials and business leaders visiting Japan from African countries. The exhibition is comprised of eight thematic zones, based on the African Union’s Agenda 2063, including “Infrastructure,” “Health and Sanitation Improvement,” and “Food Value Chain.” A totally new addition for TICAD9 will be a “Pop Culture” zone.

    Africa Lounge will feature the presentation of investment and business information from African governments for Japanese businesspeople interested in doing business in Africa.

    The Event Stage will feature seminars based on business themes and thematic panel discussions by Japanese companies. JETRO is also planning panel discussions that bring together key persons from the African business community, as well as other pop culture and innovation-themed events.

    At the Thematic Exhibitions JETRO will be showcasing the two themes of “Pop Culture” and “Innovation.” The Pop Culture exhibition will highlight the potential for business development utilising content originating from Japan, and the Innovation exhibition will introduce groundbreaking ideas and technology that promise to open up a new future for Africa and Japan.

    In addition to the record number of exhibiting companies and organisations at Japan Fair, the TICAD Business Expo & Conference will incorporate new approaches to exhibitions and planning, including pop culture and innovation, seeking to invigorate business exchanges with Africa in new and unprecedented ways. The event will bring together diverse stakeholders from Japan and Africa and is expected to create new partnerships and business matching opportunities.

    JETRO will use this event as an opportunity to continue to support Japanese companies in raising their visibility and expanding their businesses in the African market.

    Overview

    TICAD9

    Name: Ninth Tokyo International Conference on African Development (TICAD9)
    Date: Wednesday 20 – Friday 22 August 2025
    Organiser: Led by the Government of Japan, and co-hosted by the United Nations, United Nations Development Programme (UNDP), African Union Commission, and the World Bank
    Location: Yokohama, Kanagawa Prefecture
    Official website: (English) https://apo-opa.co/4meBrh8
    (Japanese) https://apo-opa.co/4jSsIzF

    TICAD Business Expo & Conference

    Date: Wednesday 20 – Friday 22 August 2025
    Organiser/Co-Organiser: JETRO, Japan Business Council for Africa (JBCA)
    Supported by: Ministry of Economy, Trade and Industry, Ministry of Foreign Affairs
    Venue: Pacific Yokohama, Hall B & C (Minato-Mirai 1-1-1, Nishi-ku, Yokohama, Kanagawa 220-0012)
    Total area: 10,000 m2  
    Zones: Japan Fair, Africa Lounge, Event Stage, Thematic Exhibitions

    About Japan Fair

    Expected exhibitors: 196 companies and organisations (as of May 13) (excluding duplicates) (including in-booth exhibits)

    *Of the above number, 107 participants are SMEs

    *Participants from 30 Japanese prefectures.
    Yamagata (1), Fukushima (1), Ibaraki (1), Gunma (1), Saitama (2), Chiba (2), Tokyo (111), Kanagawa (18), Niigata (1), Ishikawa (2), Yamanashi (1), Nagano (6), Gifu (1), Shizuoka (2), Aichi (6), Shiga (1), Kyoto (7), Osaka (15), Hyogo (13), Nara (1), Okayama (1), Hiroshima (2), Tokushima (1), Kagawa (2), Ehime (2), Fukuoka (1), Saga (1), Kumamoto (2), Miyazaki (1), Okinawa (2). (Figures in parenthesis indicate number of companies/organisations. Includes companies/organisations with more than one location.)

    *Number of participants by zone:
    Japanese Companies Driving Growth in Africa: 63
    Transforming Infrastructure: 55
    Advancing Healthcare and Sanitation Standards: 24
    Food Value Chain: 23
    Skills for the Future: 14
    Climate Solutions: 14
    Sustainable Urban Development Solutions: 3
    Pop Culture: 2

    Overview and outcomes of Japan-Africa Business Expo held at TICAD7 in 2019

    Date: 28-30 August 2019
    Total area: 6,700 m2
    No. of visitors: Approx. 21,000
    No. of Japan Fair exhibitors: 156 companies/organisations (including 81 SMEs)
    No. of exhibiting countries in Africa Lounge: 45

    Attachment

    List of expected participating companies/organisations  

    About JETRO:
    JETRO is a policy implementation organisation that aims to contribute to the further development of Japan’s economy and society through trade and investment promotion and research on developing countries. With an international and domestic network comprising over 70 overseas offices and approximately 50 domestic operating hubs, including Tokyo Headquarters, JETRO Osaka, the Institute of Developing Economies (IDE) and regional offices, JETRO contributes to Japan’s corporate activities and trade policy through surveys and studies, working agilely and efficiently to support the creation of innovation, exports of agricultural, forestry, and fishery products and foodstuffs, and the overseas expansion of Japanese enterprises.

    MIL OSI – Submitted News

  • MIL-OSI USA: Hageman’s Bill to Protect the Upper Colorado River Basin Fund Passes House of Representatives

    Source: United States House of Representatives – Wyoming Congresswoman Harriet Hageman

    Washington, DC – Congresswoman Harriet Hageman’s bill requiring the Bureau of Reclamation and Western Area Power Administration (WAPA) to analyze the economic consequences that bypass flows at Glen Canyon Dam have had on the Upper Colorado River Basin Fund, passed the House of Representatives earlier today.

    Representative Hageman stated, “Our water and energy-producing infrastructure must be protected. America needs more hydropower, not less of it. Reducing hydropower generation is counterintuitive and my bill addresses that by keeping the Basin Fund intact as a short-term means ensuring operating, maintenance and other expenses are paid so that this dispatchable and reliable energy source remains viable for everyone dependent on this supply.”  

    Background: 

    The Biden-Harris Administration’s Colorado River Long Term Experimental Management Plan SEIS Record of Decision (ROD) was signed on July 5, 2024, with Reclamation implementation beginning just three days later, on July 8. The ROD calls for bypass flows at Glen Canyon Dam, meaning higher flows to combat the presence of predatory smallmouth bass that threaten the federally protected humpback chub. These higher flows bypass hydropower generators in order to cool the river temperature below the dam to attempt to disrupt smallmouth bass downstream. 

    The lost hydropower generation must be replaced with power purchased on the open market at more expensive prices during the middle of summer peak electricity demand. The WAPA makes these purchases from the Upper Colorado River Basin Fund, which is financed by power revenues; or, in other words, it is customer funded. 

    ### 

    MIL OSI USA News

  • MIL-OSI New Zealand: RBNZ Stats Alert Business Expectations Survey: Launch of regular publication set for 21 May

    Source: Reserve Bank of New Zealand

    RBNZ stats alert: 14 May 2025 – Kia ora koutou, On 21 May 2025 we will be launching the Tara-ā-Umanga Business Expectations Survey (BES), publishing results for the June quarter. Publication will be in advance of the 28 May Monetary Policy Statement, in line with the timing of our other expectations surveys.

    We would like to thank all the businesses that have made the development and launch of the new Tara-ā-Umanga Business Expectations Survey possible and enabled us to build a representative sample survey of New Zealand businesses.

    This new survey includes several hundred businesses from different sectors around the country, from small to large firms. It is separate from the existing Survey of Expectations focusing on expert forecasters and economists, and industry leaders (Table M14, from 1987 onwards), which will continue.

    Business Expectations Survey publication on 21 May, after 3pm

    The launch of BES marks the beginning of the regular quarterly publication of the survey and the conclusion of a successful development phase that involved public consultation and pilots to build the sample and test content and methodology. The launch will feature a new web table with population estimates of economy-wide expectations:

    M15 Business Expectations Survey

    The sample size and design enable new breakdowns by business size and industry, which will be published in the data file accompanying Table M15. The initial publication will include our Stats Insight, a background note as a guide to interpret the new survey results, and a description of our survey methodology.

    It should be noted that while this survey represents a significant uplift in our expectations data, more observations are needed (beyond the short historical timeseries that will be available at launch) to enable us to estimate the relationship between these data and ultimate inflation outcomes. We anticipate that the results of this survey will become key statistical series used by central banks, researchers, financial institutions and commentators.

    Background information

    Inflation expectations are important because households and businesses reflect their expectations in their price- and wage-setting decisions. Improving the quality of our expectation surveys is part of the wider response to our 2022 review of how we formulate and implement our monetary policy. In this review, we identified several areas where better data could support high quality monetary policy decision-making.

    For further information please see: Tara-ā-Umanga Business Expectations Survey: Survey design and development: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=b66e552e95&e=f3c68946f8

    RBNZ’s existing expectations surveys:
    Survey of expectations (M14): https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=16ac7517ae&e=f3c68946f8
    Household inflation expectations (H1): https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=da9067ab97&e=f3c68946f8
     

    Additional wholesale interest rate data now being published

    From 12 May 2025, the Reserve Bank of New Zealand – Te Pūtea Matua began publishing two new daily series on Table B2, making more data available on wholesale interest rates that apply to large institutions in New Zealand markets.

    The new daily series on Table B2 are:

    Overnight Deposit Rate: the rate of remuneration ESAS account holders receive for funds that are held overnight in their account at the Reserve Bank of New Zealand – Te Pūtea Matua. For further information please see: What is ESAS
     
    Overnight Reverse Repo Rate: the rate that is charged to borrow funds lent overnight via the Reserve Bank’s Overnight Reverse Repo Facility (ORRF). For further information on the key standing facilities provided to market participants, including the ORRF, please see: Facilities at a glance – Reserve Bank of New Zealand – Te Pūtea Matua

    This data will add to the wide range of information that is available to support the analysis of the New Zealand financial system and understanding the transmission of monetary policy through wholesale interest rates quoted in New Zealand markets.

    MIL OSI New Zealand News

  • MIL-OSI Security: U.S. Attorneys for Southwestern Border Districts Charge More than 1400 Illegal Aliens with Immigration-Related Crimes During the Second week in May as part of Operation Take Back America

    Source: United States Attorneys General

    Since the inauguration of President Trump, the Department of Justice is playing a critical role in Operation Take back America, a nationwide initiative to repel the invasion of illegal immigration, achieve total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    Last week, the U.S. Attorneys for Arizona, Central California, Southern California, New Mexico, Southern Texas, and Western Texas charged more than 1400 defendants with Criminal violations of U.S. immigration laws.

    The Southern District of California filed 176 border-related cases this week, including charges of assault on a federal officer, bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances. These included Two complaints which charged five people with participating in a human smuggling event that led to the deaths of at least three migrants, including a 14-year-old boy from India. His 10-year-old sister is still missing at sea and presumed dead; their father is in a coma and mother is also hospitalized.

    The Central District of California filed criminal charges against 34 defendants this week who allegedly were found in the U.S. following removal. Many of the defendants charged were previously convicted of felonies before they were removed from the United States.

    The District of New Mexico charged approximately 300 defendants with border-related crimes, including 91 defendants charged with Illegal Reentry After Deportation (8 U.S.C. 1326). In addition, 209 individuals charged with Illegal Entry (8 U.S.C. 1325) were also charged with violation of a military security regulation (50 U.S.C. 797) because they unlawfully entered the National Defense Area in New Mexico.

    The Southern District of Texas filed a total of 300 cases, charging 302 people from May 2-8 in continuing efforts to secure the southern border. As part of the cases, 93 face allegations of illegally reentering the country. The majority have prior felony convictions for narcotics, prior immigration crimes and more. A total of 193 people face charges of illegally entering the country, while 11 cases allege various instances of human smuggling with the remainder involving other immigration-related crimes.

    The Western District of Texas filed 316 new immigration and immigration-related criminal cases from May 2 through May 8. Among the new cases, Cirilo Delgado-Alderete, Dilan Karim Valenzuela-Baca, and Antelmo Eligio Ramirez-Bernardo were arrested at an alleged stash house in Anthony, New Mexico. According to an affidavit, U.S. Border Patrol and Homeland Security Investigations agents observed three vehicles that had been identified as being used to smuggle illegal aliens to Albuquerque, New Mexico, parked at the residence. When agents questioned Ramirez-Bernardo, a Guatemalan national, they allegedly discovered he possessed a key to the residence on his keychain. Agents then located 25 individuals inside the residence who admitted to being citizens of Mexico, Peru, Honduras, Guatemala, Dominican Republic, and Pakistan without documentation to be in the U.S. Two of the individuals, Delgado-Alderete and Valenzuela-Baca, were identified as alleged stash house caretakes and drivers to harbor and transport the illegal aliens. Delgado-Alderete, Valenzuela-Baca, and Ramirez-Bernardo are charged with one count of conspiracy to transport illegal aliens and one count of conspiracy to harbor illegal aliens.  The drivers allegedly picked up aliens in El Paso before transporting them to New Mexico.

    The District of Arizona brought immigration-related criminal charges against 314 defendants. Specifically, the United States filed 117 cases in which aliens illegally re-entered the United States, and the United States also charged 166 aliens for illegally entering the United States.  In its ongoing effort to deter unlawful immigration, the United States filed 25 cases against 31 individuals responsible for smuggling illegal aliens into and within the District of Arizona.

    We are grateful for the hard work of our border prosecutors in bringing these cases and helping to make our border safe again.

    MIL Security OSI

  • MIL-OSI: Westport Fuel Systems Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport“) (TSX:WPRT / Nasdaq:WPRT) reported financial results for the first quarter ended March 31, 2025, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

    “We continue to make significant strides in transforming Westport and sharpening our strategic focus. Our priorities remain clear: driving success through Cespira, our HPDI joint venture with Volvo Group; pursuing operational excellence through initiatives to streamline processes and reduce costs; and positioning Westport at the forefront of the alternative fuel shift.

    These priorities are guiding us as we work towards a brighter future. We’re seeing the impact of our efforts in our recent results – we significantly improved our net loss to $2.5 million in Q1 of 2025 from a net loss of $13.6 million in Q1 of 2024. This was supported by a $3.5 million increase in gross profit and an $8.1 million decrease in operating expenses. We also reported a substantial improvement in adjusted EBITDA as compared to the same period of the prior year.

    Looking to the future, with the announcement of the proposed sale of our light-duty business, Westport is realigning to focus on the hard-to-decarbonize applications primarily in long-haul and heavy-duty trucking where our unique HPDI and high-pressure technologies offer significant growth potential. Critically, this transaction is designed to provide immediate cash proceeds that bolster our balance sheet and fund growth opportunities in Cespira and the High-Pressure Controls & Systems business.

    Now, the conversation has changed. Our attendance at the Advanced Clean Transportation Expo or ACT Expo, the largest showcase of clean transportation technologies in North America, validated our view that the market recognizes that the internal combustion engine utilizing alternative fuels is an affordable solution that also decarbonizes long-haul, heavy-duty transport. Westport is the clean-tech innovation company to help drive this change. Through Cespira, the HPDI fuel system does the on-engine work to our High Pressure Controls and Systems business where our components do the off-engine work we are providing OEMs with simplified solutions to decarbonize.

    Volvo recently highlighted that demand for their gas-powered trucks that utilize HPDI technology has been increasing, with sales up more than 25% in 2024, a trend that we saw continue into Q1 with Cespira delivering improved revenue driven by increased volumes as compared to Q1 of 2024. While we remain focused on scaling our alternative fuel solutions, including LNG, CNG, RNG, and hydrogen systems, we are matching the cleanest gaseous fuels with the most efficient engine technologies. We are committed to delivering practical, commercially viable low-carbon solutions today and providing sustainable, high-performance solutions that help our customers achieve their goals now and for years to come.”

    Dan Sceli, Chief Executive Officer

    Q1 2025 Highlights

    • Revenues decreased 9% to $71.0 million compared to the same period in 2024, primarily driven by decreased sales volumes in our Heavy-Duty OEM and High-Pressure Controls & Systems segments. This was partially offset by increased sales in our Light-Duty segment in the quarter. In Q1 2024, our Heavy-Duty OEM segment included the financial results of the HPDI business which are now accounted for as part of the Cespira joint venture.
    • Net loss of $2.5 million for the quarter compared to net loss of $13.6 million for the same quarter last year. The decrease in net loss was driven by a $3.5 million increase in gross profit, decrease in operating expenditures by $8.1 million; change in foreign exchange gain or loss by $2.3 million and an increase in loss from investments accounted for by the equity method of $3.8 million.
    • Adjusted EBITDA[1] of nil  compared to negative $6.6 million for the same period in 2024.
    • Cash and cash equivalents were $32.6 million at the end of the first quarter. Cash used in operating activities during the quarter was $4.9 million with net cash used by working capital of $8.1 million, partially offset by operating income of $1.7 million. Investing activities included the collection of $10.5 million in a holdback receivable related to our previous sale of CWI to Cummins in 2022, capital contribution into Cespira of $4.7 million and purchase of capital assets of $3.1 million. Cash used in financing activities was attributed to net debt repayments of $3.9 million in the quarter.

    [1] Adjusted earnings before interest, taxes and depreciation is a non-GAAP measure. Please refer to NON-GAAP FINANCIAL MEASURES in Westport’s Management Discussion and Analysis for the reconciliation.

    Consolidated Results      Over /   
    ($ in millions, except per share amounts)     (Under)   
      1Q25 1Q24 %  
    Revenue $ 71.0   $ 77.6   (9 )%
    Gross Profit(2)   15.2     11.7   30 %
    Gross Margin(2)   21 %   15 %  
    Income (loss) from Investments Accounted for by the Equity Method(1)   (3.8 )     (100 )%
    Net Loss   (2.5 )   (13.6 ) 82 %
    Net Loss per Share – Basic   (0.14 )   (0.79 ) 82 %
    Net Loss per Share – Diluted   (0.14 )   (0.79 ) 82 %
    EBITDA (2)   (0.1 )   (9.2 ) 99 %
    Adjusted EBITDA (2)       (6.6 ) 100 %

    (1) This includes income or loss primarily from our investments in Cespira and Minda Westport Technologies Limited
    (2) Gross margins, EBITDA and Adjusted EBITDA are non-GAAP measures. Please refer to GAAP and NON-GAAP FINANCIAL MEASURES for the reconciliation to equivalent GAAP measures and limitations on the use of such measures.

    Segment Information

    Light-Duty

    Revenue for the three months ended March 31, 2025 was $64.2 million compared with $63.3 million for the three months ended March 31, 2024. Light-Duty revenue increased by $0.9 million compared to the prior year and was primarily driven by increase in sales in our light-duty OEM and DOEM businesses. The light-duty OEM business had an increase in sales from its Euro 6 program compared to the prior year. In the first quarter of 2024, DOEM had a significant decrease in sales to a customer. This was partially offset by lower sales in our IAM, electronics and fuel storage businesses compared to the prior year.

    Gross profit for the three months ended March 31, 2025 increased by $1.6 million to $14.0 million, or 22% of revenue, compared to $12.4 million, or 20% of revenue, for the same prior year period. This was primarily driven by a change in sales mix with an increase in sales to European customers and a reduction in sales to developing regions.

    High Pressure Controls & Systems

    Revenue for the three months ended March 31, 2025 was $1.4 million compared with $2.4 million for the three months ended March 31, 2024. The decrease in revenue for the three months ended March 31, 2025 compared to the prior year was primarily driven by the hydrogen industry slowdown impacting demand for hydrogen components.

    Gross profit for the three months ended March 31, 2025 decreased by $0.2 million to $0.2 million, or 14% of revenue, compared to $0.4 million, or 17% of revenue, for the same prior year period. This was primarily driven by lower sales volumes increasing the per unit manufacturing costs in the quarter.

    Heavy-Duty Original Equipment Manufacturer (“OEM”)

    Revenue for the three months ended March 31, 2025 was $5.4 million, compared to $11.9 million for the prior year. The decrease in revenue for the three months ended March 31, 2025 is a result of the continuation of the business in Cespira. The revenue earned in the current quarter was from our services provided under the transitional service agreement with Cespira that is expected to end by Q2 2026.

    Gross profit for the three months ended March 31, 2025 increased by $2.1 million to $1.0 million, or 19% of revenue, compared to negative $1.1 million or negative 9% of revenue, for the same prior year period. The Heavy-Duty OEM segment received $0.9million in credits from component suppliers for inventory sold in the quarter.

    Selected Cespira Statements of Operations Data

    We account for Cespira using the equity method of accounting. However, due to its significance to our long-term strategy and operating results, we disclose certain Cespira’s financial information in notes 7 and 17 of our interim financial statements for the three months ended March 31, 2025.

    The following table sets forth a summary of the financial results of Cespira for the three months ended March 31, 2025 .

    (in millions of U.S. dollars)   Three months ended March 31,   Change
          2025       2024     $   %
    Total revenue   $ 16.7     $     $ 16.7     %
    Gross profit   $ 0.5     $     $ 0.5     %
    Gross margin1     3 %     %        
    Operating loss   $ (7.1 )   $     $ (7.1 )   %
    Net loss attributable to the Company   $ (3.9 )   $     $ (3.9 )   %

    1Gross margin is non-GAAP financial measure. See the section ‘Non-GAAP Financial Measures’ for explanations and discussions of these non-GAAP financial measures or ratios.

    Revenue

    Cespira revenues for the three months ended March 31, 2025 were $16.7 million. In the prior year, the Heavy-Duty OEM segment, which included our HPDI business, had revenues of $11.9 million. This was primarily driven by an increase in HPDI fuel systems sold in the period.

    Gross Profit

    Gross profit was $0.5 million for the three months ended March 31, 2025. In the prior year, the Heavy-Duty OEM segment had negative $1.1 million in gross profit primarily driven by the increase in sales volumes compared to the prior year and reductions in manufacturing cost.

    Operating loss

    Cespira incurred operating losses of $7.1 million for the three months ended March 31, 2025. Cespira continues to incur operating losses as it scales its operations and expand into other markets.

    Q1 2025 Conference Call
    Westport has scheduled a conference call for May 14, 2025, at 7:00 am Pacific Time (10:00 pm Eastern Time) to discuss these results. To access the conference call please register at
    https://register-conf.media-server.com/register/BI73bcac200e5f4652873668cf803d72ed

    The live webcast of the conference call can be accessed through the Westport website at
    https://investors.wfsinc.com/.

    Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, the user will receive dial-in info and a unique PIN, along with an email confirming the details.

    The webcast will be archived on Westport’s website at https://investors.wfsinc.com.

    Financial Statements and Management’s Discussion and Analysis

    To view Westport financials for the first quarter ended March 31st, 2025, please visit https://investors.wfsinc.com/financials/

    About Westport Fuel Systems

    At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global automotive industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

    Cautionary Note Regarding Forward Looking Statements
    This press release contains forward-looking statements, including statements regarding future strategic initiatives and future growth, future of our development programs (including those relating to HPDI and Hydrogen), our expectations for 2024 and beyond, including the demand for our products, and the future success of our business and technology strategies. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks, uncertainties and assumptions include those related to our revenue growth, operating results, industry and products, the general economy, conditions of and access to the capital and debt markets, solvency, governmental policies and regulation, technology innovations, fluctuations in foreign exchange rates, operating expenses, continued reduction in expenses, ability to successfully commercialize new products, the performance of our joint ventures, the availability and price of natural gas and hydrogen, new environmental regulations, the acceptance of and shift to natural gas and hydrogen vehicles,fuel emission standards, the development of competing technologies, our ability to adequately develop and deploy our technology, the actions and determinations of our joint venture and development partners, the effects and duration of the Russia-Ukraine conflict, supply chain disruptions as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward-looking statements except as required by National Instrument 51-102.

    Contact Information
    Investor Relations
    Westport Fuel Systems
    T: +1 604-718-2046

    GAAP and Non-GAAP Financial Measures

    Our financial statements are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). These U.S. GAAP financial statements include non-cash charges and other charges and benefits that may be unusual or infrequent in nature or that we believe may make comparisons to our prior or future performance difficult. In addition to conventional measures prepared in accordance with U.S. GAAP, Westport and certain investors use EBITDA and Adjusted EBITDA as an indicator of our ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations and fund capital expenditures. Management also uses these non-GAAP measures in its review and evaluation of the financial performance of Westport. EBITDA is also frequently used by investors and analysts for valuation purposes whereby EBITDA is multiplied by a factor or “EBITDA multiple” that is based on an observed or inferred relationship between EBITDA and market values to determine the approximate total enterprise value of a company. We believe that these non-GAAP financial measures also provide additional insight to investors and securities analysts as supplemental information to our U.S. GAAP results and as a basis to compare our financial performance period-over-period and to compare our financial performance with that of other companies. We believe that these non-GAAP financial measures facilitate comparisons of our core operating results from period to period and to other companies by, in the case of EBITDA, removing the effects of our capital structure (net interest income on cash deposits, interest expense on outstanding debt and debt facilities), asset base (depreciation and amortization) and tax consequences. Adjusted EBITDA provides this same indicator of Westports’ EBITDA from continuing operations and removing such effects of our capital structure, asset base and tax consequences, but additionally excludes any unrealized foreign exchange gains or losses, stock-based compensation charges and other one-time impairments and costs which are not expected to be repeated in order to provide greater insight into the cash flow being produced from our operating business, without the influence of extraneous events.

    Segment Information

    EBITDA and Adjusted EBITDA are intended to provide additional information to investors and analysts and do not have any standardized definition under U.S. GAAP, and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with U.S. GAAP. EBITDA and Adjusted EBITDA exclude the impact of cash costs of financing activities and taxes, and the effects of changes in operating working capital balances, and therefore are not necessarily indicative of operating profit or cash flow from operations as determined under U.S. GAAP. Other companies may calculate EBITDA and Adjusted EBITDA differently.

    Segment earnings or losses before income taxes, interest, depreciation, and amortization (“Segment EBITDA”) is the measure of segment profitability used by the Company. The accounting policies of our reportable segments are the same as those applied in our consolidated financial statements. Management prepared the financial results of the Company’s reportable segments on basis that is consistent with the manner in which Management internally disaggregates financial information to assist in making internal operating decisions. Certain common costs and expenses, primarily corporate functions, among segments differently than we would for stand-alone financial information prepared in accordance with GAAP. These include certain costs and expenses of shared services, such as IT, human resources, legal, finance and supply chain management. Segment EBITDA is not defined under US GAAP and may not be comparable to similarly titled measures used by other companies and should not be considered a substitute for net earnings or other results reported in accordance with GAAP. Reconciliations of reportable segment information to consolidated statement of operations can be found in section “NON-GAAP FINANCIAL MEASURES & RECONCILIATIONS” within this press release.

      Three months ended March 31, 2025
      Light-Duty   High-Pressure Controls & Systems   Heavy-Duty OEM   Cespira   Total Segment
    Revenue $ 64.2   $ 1.4     $ 5.4   $ 16.7     $ 87.7
    Cost of revenue   50.2     1.2       4.4     16.2       72.0
    Gross profit   14.0     0.2       1.0     0.5       15.7
    Operating expenses:
    Research & development   3.0     1.0       0.1     3.1       7.2
    General & administrative   4.1     0.3       0.1     2.7       7.2
    Sales & marketing   2.3     0.1           0.3       2.7
    Depreciation & amortization   0.7     0.1           0.7       1.5
        10.1     1.5       0.2     6.8       18.6
    Equity income (note 8)   0.1                     0.1
    Add back: Depreciation & amortization   1.9     0.1           1.6       3.6
    Segment EBITDA $ 5.9   $ (1.2 )   $ 0.8   $ (4.7 )   $ 0.8
      Three months ended March 31, 2024
      Light-Duty   High-Pressure Controls & Systems   Heavy-Duty OEM   Total Segment
    Revenue $ 63.3   $ 2.4     $ 11.9     $ 77.6  
    Cost of revenue   50.9     2.0       13.0       65.9  
    Gross profit   12.4     0.4       (1.1 )     11.7  
    Operating expenses:              
    Research & development   3.6     1.3       2.8       7.7  
    General & administrative   3.7     0.2       1.8       5.7  
    Sales & marketing   2.1     0.2       0.5       2.8  
    Depreciation & amortization   0.6     0.1       0.1       0.8  
        10.0     1.8       5.2       17.0  
    Equity income                    
    Add back: Depreciation & amortization   1.5     0.1       1.4       3.0  
    Segment EBITDA $ 3.9   $ (1.3 )   $ (4.9 )   $ (2.3 )
    Gross Profit    
    (expressed in millions of U.S. dollars) 1Q25   1Q24
    Three months ended  
    Revenue $ 71.0     $ 77.6  
    Less: Cost of revenue   55.8       65.9  
    Gross profit   15.2       11.7  
    Gross margin %   21.4 %     15.1 %
      Three months ended March 31, 2025
      Total Segment   Less: Cespira   Add: Corporate & unallocated   Total Consolidated
    Revenue $ 87.7   $ 16.7   $     $ 71.0  
    Cost of revenue   72.0     16.2           55.8  
    Gross profit   15.7     0.5           15.2  
    Operating expenses:
    Research & development   7.2     3.1           4.1  
    General & administrative   7.2     2.7     1.9       6.4  
    Sales & marketing   2.7     0.3     0.3       2.7  
    Depreciation & amortization   1.5     0.7           0.8  
        18.6     6.8     2.2       14.0  
    Equity income (loss)   0.1         (3.9 )     (3.8 )
      Three months ended March 31, 2024
      Total Segment   Add: Corporate & unallocated   Total Consolidated
    Revenue $ 77.6   $   $ 77.6
    Cost of revenue   65.9         65.9
    Gross profit   11.7         11.7
    Operating expenses:
    Research & development   7.7         7.7
    General & administrative   5.7     4.7     10.4
    Sales & marketing   2.8     0.4     3.2
    Depreciation & amortization   0.8     0.2     1.0
        17.0     5.3     22.3
    Equity income          
    Reconciliation of Segment EBITDA to Loss before income taxes   Three months ended March 31,
        2025       2024  
    Total Segment EBITDA   $ 0.8     $ (2.3 )
    Adjustments:
    Depreciation & amortization     2.0       3.0  
    Cespira’s Segment EBITDA     (4.7 )      
    Cespira’s equity loss     3.9        
    Corporate and unallocated operating expenses     2.2       5.3  
    Foreign exchange loss     (0.5 )     1.8  
    Interest on long-term debt and accretion of royalty payable     0.7       0.8  
    Interest and other income, net of bank charges     (0.9 )     (0.3 )
    Loss before income taxes   $ (1.9 )   $ (12.9 )
    EBITDA and Adjusted EBITDA        
    (expressed in millions of U.S. dollars)   1Q25   1Q24
    Three months ended    
    Loss before income taxes   $ (1.9 )   $ (12.9 )
    Interest expense (income), net     (0.2 )     0.5  
    Depreciation and amortization     2.0       3.2  
    EBITDA     (0.1 )     (9.2 )
    Stock based compensation (recovery)     0.3       0.3  
    Unrealized foreign exchange (gain) loss     (0.5 )     1.8  
    Severance costs           0.5  
    Restructuring costs     0.3        
    Adjusted EBITDA   $     $ (6.6 )
    WESTPORT FUEL SYSTEMS INC.
    Condensed Consolidated Balance Sheets (unaudited)
    (Expressed in thousands of United States dollars, except share amounts)
    March 31, 2025 and December 31, 2024
     
        March 31, 2025   December 31, 2024
    Assets        
    Current assets:        
    Cash and cash equivalents (including restricted cash)   $ 32,637     $ 37,646  
    Accounts receivable     66,634       73,054  
    Inventories     63,214       53,526  
    Prepaid expenses     6,551       5,660  
    Total current assets     169,036       169,886  
    Long-term investments     40,052       39,732  
    Property, plant and equipment     45,314       41,956  
    Operating lease right-of-use assets     19,249       19,019  
    Intangible assets     5,174       5,277  
    Deferred income tax assets     10,261       9,695  
    Goodwill     2,996       2,876  
    Other long-term assets     3,163       3,180  
    Total assets   $ 295,245     $ 291,621  
    Liabilities and shareholders’ equity        
    Current liabilities:        
    Accounts payable and accrued liabilities   $ 93,127     $ 88,123  
    Current portion of operating lease liabilities     2,750       2,624  
    Current portion of long-term debt     13,225       14,660  
    Current portion of warranty liability     4,013       3,861  
    Total current liabilities     113,115       109,268  
    Long-term operating lease liabilities     16,560       16,433  
    Long-term debt     17,915       19,067  
    Warranty liability     1,603       1,456  
    Deferred income tax liabilities     4,063       4,029  
    Other long-term liabilities     4,391       4,343  
    Total liabilities     157,647       154,596  
    Shareholders’ equity:        
    Share capital:        
    Unlimited common and preferred shares, no par value        
    17,326,732 (2024 – 17,282,934) common shares issued and outstanding     1,246,408       1,245,805  
    Other equity instruments     9,081       9,472  
    Additional paid in capital     11,516       11,516  
    Accumulated deficit     (1,098,726 )     (1,096,275 )
    Accumulated other comprehensive loss     (30,681 )     (33,493 )
    Total shareholders’ equity     137,598       137,025  
    Total liabilities and shareholders’ equity   $ 295,245     $ 291,621  
    WESTPORT FUEL SYSTEMS INC.
    Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited)
    (Expressed in thousands of United States dollars, except share and per share amounts)
    Three months ended March 31, 2025 and 2024
     
        Three months ended March 31,
          2025       2024  
    Revenue   $ 70,955     $ 77,574  
    Cost of revenue     55,730       65,851  
    Gross profit     15,225       11,723  
    Operating expenses:        
    Research and development     4,052       7,693  
    General and administrative     6,397       10,353  
    Sales and marketing     2,758       3,287  
    Foreign exchange (gain) loss     (456 )     1,820  
    Depreciation and amortization     740       1,043  
          13,491       24,196  
    Income (loss) from operations     1,734       (12,473 )
             
    Income (loss) from investments accounted for by the equity method     (3,799 )     31  
    Interest on long-term debt     (676 )     (812 )
    Interest and other income, net of bank charges     869       341  
    Loss before income taxes     (1,872 )     (12,913 )
    Income tax expense     579       735  
    Net loss for the period     (2,451 )     (13,648 )
    Other comprehensive income (loss):        
    Cumulative translation adjustment     3,641       (430 )
    Ownership share of equity method investments’ other comprehensive loss     (829 )      
          2,812       (430 )
    Comprehensive income (loss)   $ 361     $ (14,078 )
             
    Loss per share:        
    Net loss per share – basic and diluted   $ (0.14 )     (0.79 )
    Weighted average common shares outstanding:        
    Basic and diluted     17,322,681       17,220,540  
    WESTPORT FUEL SYSTEMS INC.
    Condensed Consolidated Statements of Cash Flows (unaudited)
    (Expressed in thousands of United States dollars)
    Three months ended March 31, 2025 and 2024
     
        Three months ended March 31,
          2025       2024  
    Operating activities:        
    Net loss for the period   $ (2,451 )   $ (13,648 )
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
    Depreciation and amortization     1,930       3,247  
    Stock-based compensation expense     212       331  
    Unrealized foreign exchange (gain) loss     (456 )     1,820  
    Deferred income tax (recovery)     (33 )     (40 )
    Loss (income) from investments accounted for by the equity method     3,799       (31 )
    Interest on long-term debt     22       22  
    Change in inventory write-downs     223       413  
    Change in bad debt expense     (33 )     (121 )
    Other           (248 )
    Changes in operating assets and liabilities:        
    Accounts receivable     (2,072 )     12,526  
    Inventories     (7,502 )     (7,434 )
    Prepaid expenses     (415 )     (400 )
    Accounts payable and accrued liabilities     2,840       4,725  
    Warranty liability     (963 )     (1,020 )
    Net cash provided by (used in) operating activities     (4,899 )     142  
    Investing activities:        
    Purchase of property, plant and equipment     (3,142 )     (4,893 )
    Proceeds on sale of assets     82       135  
    Proceeds from holdback receivable     10,450        
    Capital contributions to investments accounted for by the equity method (note 7)     (4,686 )      
    Net cash used in investing activities     2,704       (4,758 )
    Financing activities:        
    Repayments of operating lines of credit and long-term facilities     (3,918 )     (17,689 )
    Drawings on operating lines of credit and long-term facilities           11,848  
    Net cash used in financing activities     (3,918 )     (5,841 )
    Effect of foreign exchange on cash and cash equivalents     1,104       (494 )
    Net decrease in cash and cash equivalents     (5,009 )     (10,951 )
    Cash and cash equivalents, beginning of period (including restricted cash)     37,646       54,853  
    Cash and cash equivalents, end of period (including restricted cash)   $ 32,637     $ 43,902  

    The MIL Network

  • MIL-OSI: Atlanticus Announces Approval of Quarterly Preferred Stock Dividend

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, May 13, 2025 (GLOBE NEWSWIRE) — Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” the “Company,” “we” or “our”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced that its Board of Directors approved a quarterly dividend of $0.476563 per share to Series B Cumulative Perpetual Preferred shareholders. The cash dividend will be paid on or about June 16, 2025 to holders of record of Atlanticus’ Series B Cumulative Perpetual Preferred Stock on the close of business on June 1, 2025.

    About Atlanticus Holdings Corporation

    Empowering Better Financial Outcomes for Everyday Americans

    AtlanticusTM technology enables bank, retail, and healthcare partners to offer more inclusive financial services to everyday Americans through the use of proprietary analytics. We apply the experience gained and infrastructure built from servicing over 20 million customers and over $43 billion in consumer loans over more than 25 years of operating history to support lenders that originate a range of consumer loan products. These products include retail and healthcare private label credit and general purpose credit cards marketed through our omnichannel platform, including retail point-of-sale, healthcare point-of-care, direct mail solicitation, internet-based marketing, and partnerships with third parties. Additionally, through our Auto Finance subsidiary, Atlanticus serves the individual needs of automotive dealers and automotive non-prime financial organizations with multiple financing and service programs.

    Forward-Looking Statements

    This press release contains forward-looking statements that reflect the Company’s current views with respect to the payment of dividends in the future. You generally can identify these statements by the use of words such as “outlook,” “potential,” “continue,” “may,” “seek,” “approximately,” “predict,” “believe,” “expect,” “plan,” “intend,” “estimate” or “anticipate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements. These risks and uncertainties include those risks described in the Company’s filings with the Securities and Exchange Commission and include, but are not limited to, risks related to the Company’s ability to retain existing, and attract new, merchant partners and funding sources; changes in market interest rates; increases in loan delinquencies; its ability to operate successfully in a highly regulated industry; the outcome of litigation and regulatory matters; the effect of management changes; cyberattacks and security vulnerabilities in its products and services; and the Company’s ability to compete successfully in highly competitive markets. The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, the Company disclaims any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.

    Contact:
    Investor Relations
    (770) 828-2000
    investors@atlanticus.com

    The MIL Network

  • MIL-OSI: Dundee Corporation Delivers on Strategy With Strong Q1 Execution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 13, 2025 (GLOBE NEWSWIRE) — The first quarter of 2025 was an important step forward for us – a period where we continued to execute on our long-term strategy and strengthen the business for the future, said Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation. “We’ve been steadily working to simplify our portfolio, reduce leverage, and sharpen our focus on our core mining strategy. This quarter, we delivered on that plan. In February, we announced the pending sale of our interest in Android Industries to a strategic buyer – a transaction that once closed, will mark a significant milestone in our efforts to simplify the business and recycle capital into our core mining strategy. We also realized proceeds from the sale of G Mining Ventures, which we received in connection with G Mining’s acquisition of Reunion Gold last year. This outcome is a clear example of our approach in action: identifying high-quality assets early, backing strong teams, and exiting when value has been crystallized. The monetization of our original investment in Reunion, realized through the sale of G Mining Ventures shares, allowed us to fully repay our corporate loan facility. As a result, we ended the quarter with no debt at the parent level – a key strategic achievement that enhances our financial flexibility going forward.”  

    “Against a backdrop of rising gold prices, solid mining equity performance, and heightened macro uncertainty, we saw a timely opportunity to increase our exposure to high conviction investments. We participated in Magna Mining’s convertible debenture to support the integration of a producing copper-nickel-PGM asset in Sudbury. We also initiated a new position in Revival Gold through a strategic placement. Revival is advancing a portfolio of gold projects in the U.S. with scale, quality, and potential – and we are excited to support their progress as a new partner. Each of these investments reflects the kinds of assets and teams we want to align with: technically strong, well-managed, and positioned to deliver meaningful long-term value.”

    Mr. Goodman concluded: “We ended the quarter with a strong cash position, no parent-level debt, and a royalty that will deliver cash flow to Dundee in the second half of 2025. We are operating from a position of strength and focus. We are proud of what we have accomplished this quarter and remain energized by the opportunity ahead. None of this progress would be possible without the dedication, focus, and sharp execution of our team – they continue to be the driving force behind everything we achieve.”

    FIRST QUARTER 2025 RESULTS

    • The Corporation sold its remaining 2.9 million shares of G Mining Ventures Corp. (“G Mining”) for net proceeds of $45.3 million, after registering an additional $14.2 million investment gain during the quarter.
    • In February, Dundee repaid the remaining $5.0 million of loan principal outstanding with Earlston Investments Corp.
    • In February, Dundee announced the sale of its interest in Android Industries, LLC (“Android”) for cash proceeds of approximately $24.5 million at closing, with additional proceeds payable contingent upon the release of all escrows. The transaction is now expected to close in the second quarter of 2025, subject to customary closing conditions and obtaining necessary regulatory approvals.
    • Reported net income from all portfolio investments for the first quarter of 2025 of $28.1 million (2024 – $12.6 million). Other than G Mining, the key drivers of performance during the quarter included investment gains of $4.5 million and $3.8 million in the Corporation’s investments in Ausgold Limited and Greenheart Gold Inc., respectively.
    • Reported consolidated general and administrative expenses for the first quarter of 2025 of $4.5 million (2024 – $4.1 million).
    • Reported net earnings attributable to owners of the Corporation for the first quarter of 2025 of $24.5 million (2024 – $7.2 million), or earnings per share on a diluted basis of $0.25 (2024 – $0.07 per share).

    SEGMENTED FINANCIAL RESULTS  

    Mining Investments

    In the first quarter of 2025, the Corporation reported net earnings before taxes from the mining investments segment of $29.8 million (2024 – $9.3 million). Drivers of performance are described in the highlights above. The share of income from equity accounted mining investments during the first quarter of 2025 was $0.2 million (2024 – loss of $0.5 million).

    Corporate and others

    The Corporation reported a pre-tax loss from the corporate and others segment, including non-core subsidiaries, of $4.1 million (2024 – $0.4 million) during the three months ended March 31, 2025.

    The fair value of non-mining portfolio investments in the corporate and others segment decreased by $1.4 million (2024 – increased by $2.8 million) during the first quarter of the current year and was driven almost exclusively by the investment revaluation of Dundee’s ownership in TauRx Pharmaceuticals Ltd., owing to an increase to the discount rate used to value this investment at March 31, 2025.

    During the same period, the segment’s non-mining equity accounted investments reported pre-tax earnings of $0.03 million (2024 – $0.1 million). Also, the segment’s subsidiaries reported pre-tax losses of $0.1 million (2024 – $0.6 million).

    Mining Services

    During the first quarter of 2025, the mining services segment, comprised of the Corporation’s 78%-owned subsidiary, Dundee Sustainable Technologies Inc., reported a pre-tax loss of $1.7 million (2024 – $1.2 million).

    SHAREHOLDERS’ EQUITY ON A PER SHARE BASIS

             
    Carrying value as at March 31, 2025     December 31, 2024  
    Mining Investments      
    Portfolio investments $ 93,649     $ 95,490  
    Equity accounted investments   31,273       30,013  
    Royalty   18,921       18,921  
          143,843       144,424  
    Corporate and Others      
    Corporate   64,253       32,976  
    Portfolio investments ‒ other   68,721       70,495  
    Equity accounted investments ‒ other         30,240  
    Real estate joint ventures   2,291       2,364  
    Subsidiaries   (106 )     3,403  
    Equity accounted investments ‒ Held-for-Sale   30,414        
          165,573       139,478  
    Mining Services      
    Subsidiaries   (535 )     (208 )
          (535 )     (208 )
    SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO CLASS A SUBORDINATE SHARES      
    AND CLASS B SHARES OF THE CORPORATION $ 308,881     $ 283,694  
             
    Number of shares of the Corporation issued and outstanding:      
      Class A Subordinate Shares   86,305,197       86,269,735  
      Class B Shares   3,114,491       3,114,491  
    Total number of shares issued and outstanding   89,419,688       89,384,226  
             
    SHAREHOLDERS’ EQUITY ON A PER SHARE BASIS $ 3.45     $ 3.17  
                   

    The Corporation’s unaudited interim consolidated financial statements as at and for the three months ended March 31, 2025 and 2024, along with the accompanying management’s discussion and analysis, have been filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and may be viewed by interested parties under the Corporation’s profile at www.sedarplus.ca or the Corporation’s website at www.dundeecorporation.com.

    ABOUT DUNDEE CORPORATION:

    Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. The Corporation is primarily engaged in acquiring mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.

    FORWARD-LOOKING STATEMENTS:

    This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Dundee Corporation’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dundee Corporation’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Annual Information Form of Dundee Corporation and subsequent filings made with securities commissions in Canada. Dundee Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Investor and Media Relations
    T: (416) 864-3584
    E: ir@dundeecorporation.com

    The MIL Network

  • MIL-OSI: Best VPNs U.S.A. 2025: NordVPN Ranked Top of VPN Services

    Source: GlobeNewswire (MIL-OSI)

    Chicago, May 13, 2025 (GLOBE NEWSWIRE) —

    Following a comprehensive evaluation, NordVPN, a VPN service that encrypts internet connections, hides IP addresses, and keeps online activities private, has outpaced its competitors and emerged as the clear leader among the crowded field of virtual private networks.

    CLICK HERE TO GET THE BEST VPN IN THE UNITED STATES: NORDVPN

    In recent times, internet users across the United States have become increasingly conscious of online security, data privacy, and the growing threat of surveillance, making the use of VPN move from just another niche tool to a digital utility. And with a swarm of VPNs available in the market now, a coalition of privacy advocates, technology journalists, and cybersecurity experts has come to a common ground regarding NordVPN being the ultimate VPN for the American user.

    CLICK HERE TO GET THE BEST VPN IN THE UNITED STATES: NORDVPN

    NordVPN has distinguished itself from the rest of the VPNs available in the U.S. by having a combination of technology and relentless focus on user empowerment. The effect of putting these two together, as noted by most users, is that the VPN gets better with time. By having users give feedback and, in turn, implementing the same by utilizing cutting-edge technologies to solve any issue, NordVPN has soared above the rest of its competitors, allowing it to clinch the top spot.

    Getting started with NordVPN is as easy as following the steps below:

    Another aspect that has gone a long way in the top ranking of NordVPN as the best VPN service in the U.S., as seen by the experts, is its technical superiority. This is evident from the platform’s proprietary NordLynx protocol, which leverages WireGuard’s technology to ensure that the speed of connections is maintained without compromising security. For this reason, users have highlighted that they can stream, play online games, and even browse without any delays, which has long plagued the VPN services in the country.

    In addition to its technical superiority, NordVPN has an unwavering commitment to transparency, which has significantly affected its ranking. Concerning this, NordVPN has implemented a no-logs policy, which independent parties frequently audit. By doing so, many users have reported that they are guaranteed their privacy, which they hold so precious. And, since data breaches and unauthorized tracking have become disturbingly common, such guarantees offer invaluable peace of mind to the users.

    When it comes to its infrastructure, NordVPN still leads the field. With over 7,000 servers spread across 118 countries worldwide, including hundreds spread across major cities in the U.S., NordVPN has continually provided its users with fast, stable, and secure connections no matter where they are located. Also, courtesy of the broad coverage, data from users reveals that American users can bypass regional restrictions, access global content, and maintain consistent speeds even during peak usage times. Experts have also observed that this is possible since, by distributing traffic across its vast infrastructure, NordVPN minimizes congestion and latency.

    Another cornerstone of NordVPN’s success is its exceptional user interface that makes advanced online privacy accessible to everyone, from newcomers to the tech world to seasoned professionals. First-hand experiences describe the platform as sleek and easy to maneuver across all major devices, including Windows, macOS, iOS, Android, and even smart TVs. This is evident through some of its features, such as Quick Connect, which automatically selects the fastest and most secure server, and clear navigation menus, which make it easy to explore the platform. By incorporating all these, NordVPN has balanced simplicity and prowess, making it the best VPN service in the U.S. in 2025.

    Another differentiator that has seen NordVPN cling to the top ranking as the best VPN service in the U.S. is its customer support team. Looking at the platform, it is clear that it offers a 24/7 live chat service that offers not only a detailed knowledge base but also rapid response times. With all these in play, users and industry experts agreed that this is part of NordVPN’s winning formula. With this ability to maintain high customer satisfaction while extending its user base, NordVPN displays its operational excellence, making it the best in the virtual private network space.

    As digital threats evolve, NordVPN has also demonstrated leadership in proactive security measures. For instance, over the past year, NordVPN launched a new feature, which includes, but is not limited to, Threat Protection Pro, an advanced tool that blocks malware, trackers, and intrusive ads even when users are not connected to the VPN.

    Another security measure that NordVPN has incorporated into its platform is the Double VPN (multi-hop) option, which has proved useful to people who demand the highest level of anonymity. It functions by routing internet traffic through two separate servers, adding an extra layer of security that makes it even harder for anyone to trace online activity. With these, among other features such as the Onion Over VPN, American users and industry experts agree that NordVPN is the best VPN service in the U.S.

    With this latest ranking, NordVPN reaffirms its position as the leading VPN choice for American users in 2025 and beyond. As online privacy becomes more essential than ever, NordVPN remains committed to delivering secure, fast, and user-friendly solutions that empower people to take control of their digital lives.

     NordVPN Support:

    • https://support.nordvpn.com/hc/en-us
    • support@nordaccount.com

    Disclaimer & Affiliate Disclosure

    The information provided in this article is for general informational and promotional purposes only. While every effort has been made to ensure the accuracy and reliability of the content, no guarantees are made regarding its completeness, timeliness, or factual accuracy. Any opinions expressed are those of independent analysts and contributors, not necessarily reflective of any official position or endorsement by the publisher or its syndication partners.

    This article may contain references to products or services for which compensation is received through affiliate partnerships. This means that, at no additional cost to the reader, the publisher may earn a commission if a purchase is made through a featured link. These affiliate relationships do not influence the objectivity of the content, which is intended to offer insight based on publicly available data and user feedback.

    All product names, logos, brands, and trademarks featured are the property of their respective owners. Any mention of third-party trademarks or brand names does not imply endorsement by or affiliation with those entities.

    Readers are encouraged to conduct their own due diligence before making any purchasing decisions. Neither the publisher, contributors, nor syndication partners accept responsibility for any loss or damage resulting directly or indirectly from the use of the information or reliance upon the content presented herein. Furthermore, this content is not intended as a substitute for professional advice, including but not limited to legal, financial, or cybersecurity guidance.

    Should there be any inadvertent typographical errors, omissions, or factual inaccuracies, they are unintentional, and appropriate corrections will be made upon verification.

    This release may be syndicated or republished by third-party distribution channels, all of whom are held harmless and are not responsible for the article’s original content or any conclusions drawn therefrom.

    The MIL Network

  • MIL-OSI Economics: STATEMENT: CanREA eager to work with new federal Cabinet to advance wind energy, solar energy and energy storage 

    Source: – Press Release/Statement:

    Headline: STATEMENT: CanREA eager to work with new federal Cabinet to advance wind energy, solar energy and energy storage 

    CanREA ready to help Canada’s newly appointed Ministers deliver on key election promises that will advance clean-energy initiatives nationwide. 

    Ottawa, Ontario, May 13, 2025—The Canadian Renewable Energy Association (CanREA) congratulates Canada’s new federal Cabinet Ministers and Secretaries of State on their appointment to Cabinet. The Ministers were sworn in today by Her Excellency the Right Honourable Mary Simon, C.C., C.M.M., C.O.M, C.D., Governor General of Canada.  

    CanREA looks forward to supporting their delivery of an ambitious agenda for the clean-energy industry, helping Canada meet its economic and environmental goals.    

    Specifically, CanREA would like to congratulate: 

    The Hon. François-Philippe Champagne P.C. M.P., Minister of Finance and National Revenue 
    The Hon. Dominic LeBlanc P.C., M.P., President of the King’s Privy Council for Canada and Minister Responsible for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy  
    The Hon. Shafqat Ali P.C. M.P., President of the Treasury Board  
    The Hon. Tim Hodgson P.C. M.P., Minister of Energy and Natural Resources 
    The Hon. Julie Dabrusin P.C. M.P., Minister of Environment and Climate Change 
    The Hon. Mélanie Joly, P.C., M.P., Minister of Industry 
    The Hon. Rebecca Ally P.C., M.P. Minister of Crown-Indigenous Relations  
    The Hon. Mandy Gull-Masty P.C., M.P., Minister of Indigenous Services 

    “Over the past number of years, the CanREA team has developed a strong working relationship with the federal government,” said Vittoria Bellissimo, CanREA’s President and CEO. “My team and I are committed to advancing wind, solar and energy storage and we will work closely with Canada’s newly appointed ministers to shape and support federal policies that will be essential to our industry as we plan, finance and build clean-energy projects that benefit Canadians.”  

    During the recent election campaign, the Liberal Party committed to a suite of proposals that support the rapid deployment of clean energy, as described in this recent CanREA statement. These policies include:  

    Finalizing the Clean Economy Investment Tax Credits (ITCs), policies that have already galvanized private sector investment in Canada’s renewable energy and energy storage industry. Getting the remaining ITCs passed into law, particularly the Clean Electricity ITC, will secure Canada’s position as a competitive and safe place for the private sector to invest. These will also help lower the cost of electricity to Canadian ratepayers. 
    Reducing the barriers to accessing capital faced by Indigenous companies and communities, by expanding the kinds of projects the Canada Infrastructure Bank can support to be more in line with First Nation, Inuit and Métis priorities. The Liberals also committed to exploring options for an Indigenous Infrastructure Bank to further address this gap. 
    Offering support for Canadians entering the trades, while also helping to reduce barriers that these skilled workers face when working in another province. 
    Creating a new First and Last Mile Fund that will move more electricity and goods from where they are produced to where they are needed, creating a more integrated and accessible Canadian economy. 
    Signing new Cooperation and Substitution Agreements with all willing provinces, territories and Indigenous Governing Bodies within six months, ensuring that projects go through only one review that upholds environmental standards and Indigenous consultation. 
    Cementing the signal for electrification by maintaining the industrial carbon price. During his leadership campaign, Mr. Carney even promised to set a pricing schedule out to 2035—this would be a strong signal upon which Canada’s renewable energy and energy storage industry could rely. 

    Across the country, more than 18,000 MW of clean-energy procurements, representing more than $34 B, are being planned or currently taking place, all of which will benefit from these federal policies.   

    “The federal ITCs, along with increased Indigenous access to capital and new interprovincial interconnections, will allow Canada to maintain its competitive edge in the global race for renewable energy and energy storage investment,” said Fernando Melo, CanREA’s Federal Director of Policy and Government Affairs.  

    “Putting these in place will be no small feat, but CanREA is committed to collaborating with the federal government to get these groundbreaking policies across the finish line.” 

    Quotes

    “Over the past number of years, the CanREA team has developed a strong working relationship with the federal government. My team and I are committed to advancing wind, solar and energy storage and we will work closely with Canada’s newly appointed ministers to shape and support federal policies that will be essential to our industry as we plan, finance and build clean-energy projects that benefit Canadians.” 
    —Vittoria Bellissimo, President and CEO, Canadian Renewable Energy Association (CanREA) 

    “The federal ITCs, along with increased Indigenous access to capital and new interprovincial interconnections, will allow Canada to maintain its competitive edge in the global race for renewable energy and energy storage investment. Putting these in place will be no small feat, but CanREA is committed to collaborating with the federal government to get these groundbreaking policies across the finish line.”  
    —Fernando Melo, Federal Director, Canadian Renewable Energy Association (CanREA) 

    For interview opportunities, please contact: 

    Bridget Wayland, Senior Director of Communications  Canadian Renewable Energy Association communications@renewablesassociation.ca 

    About CanREA 

    The Canadian Renewable Energy Association (CanREA) is the voice for wind energy, solar energy and energy storage solutions that will power Canada’s energy future. We work to create the conditions for a modern energy system through stakeholder advocacy and public engagement. Our diverse members are uniquely positioned to deliver clean, low-cost, reliable, flexible and scalable solutions for Canada’s energy needs. For more information on how Canada can use wind energy, solar energy and energy storage to help achieve its net-zero commitments, consult “Powering Canada’s Journey to Net-Zero: CanREA’s 2050 Vision.” Follow us on Bluesky and LinkedIn. Subscribe to our newsletter here. Learn more at renewablesassociation.ca.    

    The post STATEMENT: CanREA eager to work with new federal Cabinet to advance wind energy, solar energy and energy storage  appeared first on Canadian Renewable Energy Association.

    MIL OSI Economics

  • MIL-OSI Security: Security News: U.S. Attorneys for Southwestern Border Districts Charge More than 1400 Illegal Aliens with Immigration-Related Crimes During the Second week in May as part of Operation Take Back America

    Source: United States Department of Justice 2

    Since the inauguration of President Trump, the Department of Justice is playing a critical role in Operation Take back America, a nationwide initiative to repel the invasion of illegal immigration, achieve total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    Last week, the U.S. Attorneys for Arizona, Central California, Southern California, New Mexico, Southern Texas, and Western Texas charged more than 1400 defendants with Criminal violations of U.S. immigration laws.

    The Southern District of California filed 176 border-related cases this week, including charges of assault on a federal officer, bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances. These included Two complaints which charged five people with participating in a human smuggling event that led to the deaths of at least three migrants, including a 14-year-old boy from India. His 10-year-old sister is still missing at sea and presumed dead; their father is in a coma and mother is also hospitalized.

    The Central District of California filed criminal charges against 34 defendants this week who allegedly were found in the U.S. following removal. Many of the defendants charged were previously convicted of felonies before they were removed from the United States.

    The District of New Mexico charged approximately 300 defendants with border-related crimes, including 91 defendants charged with Illegal Reentry After Deportation (8 U.S.C. 1326). In addition, 209 individuals charged with Illegal Entry (8 U.S.C. 1325) were also charged with violation of a military security regulation (50 U.S.C. 797) because they unlawfully entered the National Defense Area in New Mexico.

    The Southern District of Texas filed a total of 300 cases, charging 302 people from May 2-8 in continuing efforts to secure the southern border. As part of the cases, 93 face allegations of illegally reentering the country. The majority have prior felony convictions for narcotics, prior immigration crimes and more. A total of 193 people face charges of illegally entering the country, while 11 cases allege various instances of human smuggling with the remainder involving other immigration-related crimes.

    The Western District of Texas filed 316 new immigration and immigration-related criminal cases from May 2 through May 8. Among the new cases, Cirilo Delgado-Alderete, Dilan Karim Valenzuela-Baca, and Antelmo Eligio Ramirez-Bernardo were arrested at an alleged stash house in Anthony, New Mexico. According to an affidavit, U.S. Border Patrol and Homeland Security Investigations agents observed three vehicles that had been identified as being used to smuggle illegal aliens to Albuquerque, New Mexico, parked at the residence. When agents questioned Ramirez-Bernardo, a Guatemalan national, they allegedly discovered he possessed a key to the residence on his keychain. Agents then located 25 individuals inside the residence who admitted to being citizens of Mexico, Peru, Honduras, Guatemala, Dominican Republic, and Pakistan without documentation to be in the U.S. Two of the individuals, Delgado-Alderete and Valenzuela-Baca, were identified as alleged stash house caretakes and drivers to harbor and transport the illegal aliens. Delgado-Alderete, Valenzuela-Baca, and Ramirez-Bernardo are charged with one count of conspiracy to transport illegal aliens and one count of conspiracy to harbor illegal aliens.  The drivers allegedly picked up aliens in El Paso before transporting them to New Mexico.

    The District of Arizona brought immigration-related criminal charges against 314 defendants. Specifically, the United States filed 117 cases in which aliens illegally re-entered the United States, and the United States also charged 166 aliens for illegally entering the United States.  In its ongoing effort to deter unlawful immigration, the United States filed 25 cases against 31 individuals responsible for smuggling illegal aliens into and within the District of Arizona.

    We are grateful for the hard work of our border prosecutors in bringing these cases and helping to make our border safe again.

    MIL Security OSI

  • MIL-OSI Europe: Minister welcomes Zelenskyy-Putin meeting to end fighting in Ukraine

    Source: France-Diplomatie – Ministry of Foreign Affairs and International Development

    Published on May 13, 2025

    Statements to the press by M. Jean-Noël Barrot, Minister for Europe and Foreign Affairs, on the sidelines of his visit to Calvados department (Caen, May 12, 2025)

    Can you confirm that you had a call today with Marco Rubio and other foreign-minister counterparts? And what was the nature of these discussions?

    THE MINISTER – Yes, at President Macron’s request, I spoke to my counterpart the US Secretary of State [and] the foreign ministers of the European countries present in Kyiv at the weekend, then the Ukrainian minister. We reiterated our desire to see an immediate, unconditional 30-day ceasefire. And then we signalled our support for the idea of a meeting on Thursday between President Zelenskyy of Ukraine and President Putin of Russia.

    Vladimir Putin declared today that any ultimatum was unacceptable. What do you say to him?

    THE MINISTER – I say that Vladimir Putin proposed a direct meeting with Volodymyr Zelenskyy. Volodymyr Zelenskyy agreed to it. Vladimir Putin must now keep to his part of the bargain. He must turn up in Istanbul on Thursday for a meeting with Volodymyr Zelenskyy. Then, in order for discussions to take place calmly and lead to peace, there absolutely must be a ceasefire, because you can’t negotiate while under attack from bombs or drones.

    If this doesn’t happen, what sanctions could there be?

    THE MINISTER – We’re preparing to put in place particularly powerful, massive sanctions that would force Vladimir Putin to observe a ceasefire if he didn’t move towards one. These sanctions would be coordinated with the American sanctions that the American senators have prepared, with 500% tariffs on oil imports and on countries importing Russian oil today.

    And France, specifically?

    THE MINISTER – We adopt sanctions at European level. We’ve adopted 17 sanctions packages targeting Russian entities and individuals helping to circumvent the sanctions, helping to destabilize European public opinion, and also the financial institutions, the energy institutions. What we’re preparing are additional sanctions that will be massive and target the energy and financial sectors.

    Can you give details of these sanctions on the oil sectors, for example?

    THE MINISTER – A number of sanctions have already been adopted, and at the weekend, following the discussions that took place in Kyiv, we asked the European Commission to prepare further, even more substantial sanctions to force Vladimir Putin to begin a peace process.

    On gas and oil?

    THE MINISTER – On oil, in particular, which now accounts for 25% of Russia’s budget.

    Donald Trump said he’s ready to join the negotiations. Is that a good thing?

    THE MINISTER – He’s obviously welcome. He was the one from the outset who proposed an unconditional 30-day ceasefire in the air, at sea and on land – a proposal accepted by the Ukrainians two months ago now, and which Vladimir Putin must now in turn accept./.

    MIL OSI Europe News

  • MIL-OSI New Zealand: Our Response Framework for Educational Delivery and Performance

    Source:

    Download a PDF version of our Response Framework for Educational Delivery and Performance (PDF 191 KB)
    What is our Response Framework?
    The Response Framework describes how we manage educational delivery and performance where it needs to improve. It provides an overview of the types of responses the TEC uses to manage delivery and performance, and broad factors that affect whether a response is taken and what type of response.
    The framework is designed to endure over time, so it focuses on responses and factors that will not change over multiple funding rounds. It does not include specific expectations of delivery and performance (eg, specific levels or measures of these factors, rankings of their importance, or mappings between factors and responses) because these vary over time and in different contexts.
    Instead, specific expectations are laid out in a range of regularly published sources including Plan Guidance, funding conditions, funding mechanisms and technical guidance. Tertiary education organisations (TEOs) should refer to these sources to understand what specific levels and/or circumstances are likely to evoke a response.
    Decisions about responses to delivery and performance result from on-balance assessments, not bright-line tests
    Decisions involve many factors and depend on us having as much information as possible. For this reason, we rely on engagement as the first response when an indicator occurs, to enable a “no surprises” approach if a further response is required. We aim to understand the reasons underlying the indicator and what is already happening to address it.
    The Response Framework covers how we respond to educational delivery and/or performance that needs to improve. It does not cover:

    responses to delivery or performance that exceeds expectations
    other types of assessments we make such as tertiary education institution (TEI) risk and private training establishment (PTE) financial viability
    other types of decisions we make, such as those about investment (although both our investment and response frameworks are relevant where responses relate to funding, such as reducing investment when performance is not improving). 

    Fundamental to our decision-making are our legislative functions and obligations under the Education and Training Act 2020, including giving effect to the Tertiary Education Strategy. An ongoing focus on learner success is embedded throughout the framework: as a potential indicator that improvement is necessary, a way to improve outcomes, a contextual factor considered in decisions, and a principle underpinning all decisions.
    We use three broad types of responses
    This list is not exhaustive.
    Information, monitoring and engagement
    Our business-as-usual methods for understanding provider performance include regular data reporting and communicating expectations through Plan Guidance, other publications and engagement.
    Our first choice of response, when a need to improve outcomes is indicated, may include requesting further information, or changing the frequency, intensity, method, attendees or content of engagements.
    Dedicated and/or specialist engagement (eg, a Relationship Manager) is likely when there is more risk (eg, total funding envelope >$5m), or delivery or performance needs to improve.
    Requirements and conditions
    When more structure is required than engagement alone, TEC may:

    require a full Investment Plan
    change the Plan length
    require a significant Plan amendment
    require an improvement plan
    apply organisation-specific funding conditions
    impose a new condition on subsequent Plan funding approval.

    Funding
    In situations where performance is not improving even with requirements or conditions, TEC may:

    remove access to additional funding
    revoke approval for a qualification to be accessible for student loans and allowances
    amend, revoke and/or recover existing funding
    reduce further investment or part-fund only (including signalling this through indicative allocations)
    cease investment.

    Proposed funding decisions made as part of annual Plan rounds are always subject to a Right of Response process.
    We consider many factors in making a response decision
    We generally (although not always) use responses in a graduated manner, with engagement continuing throughout.
    Context
    Context is crucial to which responses we use, how quickly we do so, and the importance of various indicators and mitigations at different points in time. For example:

    at a system level: fiscal environment, overall availability of funding and government risk appetite can affect how quickly we strengthen responses or which ones we apply
    at a sub-sector level: the type of provider, including size, legislated autonomy, business model, and alternatives in the network of provision, affects what responses we use
    at a provider level: specific concerns (eg, low educational outcomes for specific learner groups) can have specific associated responses, or responses might only be applied to pockets of provision or to provision with outcomes that are not improving. We also consider a provider’s existing compliance requirements.

    Indicators
    Indicators are signs that performance may need to improve, to minimise potential risk to learner outcomes and/or to government investment. They increase the likelihood that we will use more or stronger responses. Indicators include:

    low or declining educational performance
    low educational outcomes for specific learner groups
    unfavourable quality assurance reports
    unsatisfactory Plan quality (or components of a Plan), including learner success milestones
    under- or over-delivery
    unsatisfactory progress following previous responses
    breach of funding conditions
    non-compliance with criteria for significant Plan amendments or replacement Plans
    adverse audit and investigation findings.

    Mitigations
    Mitigations are factors or actions that (where satisfactory) can lower risk and increase our confidence that expectations will be met. Satisfactory mitigations decrease the likelihood of further responses and/or the severity of those applied. Mitigations can include:

    proactive communication about indicators
    improved educational performance
    improving educational outcomes for specific learner groups
    proactive actions taken (eg, collaboration with other providers)
    demonstrable outcomes other than educational (eg, community impact)
    improved quality assurance reports.

    Key principles underpin every response decision
    Evidence-based
    We make informed decisions based on best available data, information and intelligence. We understand and apply knowledge of the sector, learner demand, stakeholder needs and best practice.
    Fair, transparent and consistent
    We use engagement to maintain transparency with providers and understand the context that makes our decisions fair. Our methods and processes build trust and confidence in the system for learners, industry, communities and government. We balance costs and risks in proportion to outcomes.
    Learners at the centre
    We incentivise, promote and enable improved educational outcomes for everyone by making providers accountable for how they deliver education and the outcomes they achieve. We expect providers to recognise learner diversity and meet learners’ needs and aspirations.
    Continuously improving the system
    We improve the system’s effectiveness through reviewing and updating internal processes for deciding and applying responses, as necessary. We improve the system through the tools and guidance we provide to the sector and the network of provision we invest in.

    MIL OSI New Zealand News

  • Coal imports fall by 9.2% in April–February period, saving nearly $7 billion in forex

    Source: Government of India

    Source: Government of India (4)

    India’s coal imports fell sharply by 9.2% during the April 2024 to February 2025 period, amounting to 220.3 million tonnes (MT) compared to 242.6 MT in the same period of the previous financial year. This decline translated into foreign exchange savings of approximately $6.93 billion (₹53,137.82 crore), according to data released by the Ministry of Coal.
     
    The drop was more pronounced in the Non-Regulated Sector, which excludes the power sector, where imports declined by 15.3% year-on-year. Even as coal-based power generation registered a growth of 2.87% during the same period, imports for blending by thermal power plants saw a steep reduction of 38.8%. The trend underscores India’s efforts to reduce dependence on imported coal and strengthen domestic supply.
     
    The Ministry attributed the drop in imports to a series of policy initiatives, including Commercial Coal Mining and Mission Coking Coal, which are aimed at enhancing self-sufficiency in coal production. These measures have also helped domestic coal output grow by 5.45% during the April 2024 to February 2025 period compared to the same stretch in the previous fiscal.
     
    Coal continues to be a cornerstone of India’s energy needs, particularly for core sectors such as power, steel, and cement. However, challenges remain in meeting demand for coking coal and high-grade thermal coal, which are not adequately available in India’s reserves. Imports have therefore played a crucial role, especially for the steel industry.
  • MIL-OSI Russia: IMF Reaches Staff-Level Agreement with Cabo Verde on the Sixth Review under the Extended Credit Facility (ECF) and the Third Review under the Resilience and Sustainability Facility (RSF) Arrangement

    Source: IMF – News in Russian

    May 13, 2025

    • IMF staff and Cabo Verdean authorities reached a staff-level agreement on the sixth ECF review and third RSF review, and a fifteen-month extension of both arrangements with an augmentation equivalent to thirty percent of quota under the extended ECF.
    • The ECF-supported program aims to strengthen public finances, ensure debt sustainability, minimize fiscal risks from public enterprises, modernize monetary policy, and raise potential growth. The RSF supports government climate reforms and catalyzes private climate finance. Extension to December 2026 supports the continued success of the authorities’ economic policy and reform agenda.
    • All end-December 2024 ECF structural benchmarks (SB) and quantitative performance criteria (PCs) were met. The implementation of reform measures (RMs) under the RSF has been progressing, but some reforms will take more time than expected.

    Praia, Cabo Verde: An International Monetary Fund (IMF) team led by Mr. Martin Schindler held meetings with the Cabo Verdean authorities during May 5 – 13, 2025, to discuss the sixth review under the Extended Credit Facility (ECF) arrangement, the third review under the Resilience and Sustainability Facility (RSF) arrangement, and economic policies and reforms to be supported under an extension of both arrangements. Access under the existing ECF is 190 percent of quota (SDR 45.03 million, approximately US$ 63.3 million) and access under the RSF is 100 percent of quota (SDR 23.69 million, approximately US$ 31.69 million). The augmentation of 30 percent of quota (SDR 7.11 million) will bring the total ECF arrangement to SDR 52.14 million.

    At the conclusion of the mission, Mr. Schindler issued the following statement:

    “I am pleased to announce that the IMF team and the Cabo Verdean authorities reached staff-level agreements on the policies needed to complete the sixth review under the ECF-supported program and the third review of the RSF arrangement as well as on economic policies and reforms that could be supported by an extension. Upon approval by the IMF’s Executive Board, completion of the sixth ECF review will allow disbursement of SDR 4.51 million (approximately US$ 6.09 million), while the completion of the third RSF review will allow disbursement of up to SDR 7.896 million (approximately US$ 10.66 million), depending on reform progress under the RSF.

    “Cabo Verde’s economy continues to perform well, underpinned by tourism, robust export performance and private consumption growth. Increasing the execution of the government’s capital budget would enhance potential growth. Economic growth in 2024 was strong at 7.3 percent, with 1.0 percent inflation and a current account surplus. The 2024 fiscal balance exceeded program targets, driven by lower primary expenditures and strong tax revenue growth. The public debt-to-GDP ratio continues to decline.

    “All end-December 2024 structural benchmarks (SB) and quantitative performance criteria (PCs) were met. The implementation of reform measures (RMs) under the RSF has been progressing, but some reforms will take more time than expected.

    “Cabo Verde’s economic outlook remains solid. GDP growth in 2025 is projected at 5.2 percent, while inflation is expected to converge to about 2 percent in 2025 and over the medium-term, broadly in line with euro area inflation. The current account balance is projected to gradually return to a deficit of 1.3 percent of GDP in 2025, and then stabilize at around -3.5 percent over the medium term.

    “Fiscal performance is forecast to be strong in 2025. Cabo Verde aims to maintain a fiscal path aligned with debt reduction goals, targeting a higher primary balance than foreseen under the previous review. Tax revenue is expected to increase reflecting ongoing tax reforms.

    “The mission welcomed the BCV’s Monetary Policy Committee (MPC) decision to raise the deposit rate by 30 basis points to 2.25 percent to fully close the gap with the ECB. Continued data-driven adjustments in monetary policy may be needed to protect the exchange rate peg and appropriate reserves buffers. Data for end-March 2025 suggests that the financial system is liquid, profitable, and well capitalized.

    “The macroeconomic outlook remains favorable but is subject to substantial downside risks. Cabo Verde is vulnerable to external shocks, including in energy, food prices, and tourism, especially in the context of heightened uncertainties in global trade frameworks. A global growth slowdown and supply chain disruptions would have a negative impact on tourism, inflation, and growth. Climate-related risks, such as rising sea levels and extreme weather events, pose long-term threats to infrastructure and economic stability. Delays in SOE reforms and increasing public debt could undermine fiscal sustainability. On the upside, continued strength in tourist arrivals could lift growth. Legislative and Presidential elections will take place in 2026.

    “The IMF team is grateful to the Cabo Verdean authorities and other stakeholders for the productive discussions, hospitality, and candid discussions.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Kwabena Akuamoah-Boateng

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

    https://www.imf.org/en/News/Articles/2025/05/13/pr25144-cabo-verde-imf-reaches-sla-on-the-6th-rev-under-the-ecf-and-3rd-rev-under-the-rsf-arr

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  • MIL-OSI Europe: OLAF leads major crackdown on counterfeit fashion smuggling across Europe

    Source: European Anti-Fraud Offfice

    Press release no. 11/2025
    PDF version

    The European Anti-Fraud Office (OLAF) has played a key role in a large-scale operation targeting the smuggling of high-quality counterfeit designer clothing, footwear and accessories into the European Union. These goods, produced and shipped from outside the EU, pose serious risks to not only the health and safety of consumers, but also to the legitimate fashion industry and the European economy.

    The operation, which began with OLAF opening enquiries in 2024, has already resulted in the seizure of over 1.8 million counterfeit items, with an estimated market value exceeding €180 million. These seizures took place in Austria, Belgium, Germany, Italy, and in non-EU countries, and involved close coordination with customs authorities in both EU Member States and third countries.

    The counterfeit items—featuring logos of renowned fashion brands were so meticulously produced that even brand-appointed experts acknowledged their deceptive quality. The smugglers attempted to conceal the goods within containers behind layers of legitimately declared textile products.

    In one of the most significant actions, nearly one million fake garments and accessories were intercepted at the Port of Trieste by the Italian Customs and Monopolies Agency (ADM) and Guardia di Finanza, with intelligence and operational support from OLAF. The items originated from Ambarli Port in Türkiye and were bound for the Netherlands. The full press release (in Italian) can be found here. 

    Director-General of OLAF Ville Itälä said: “This is a textbook example of what OLAF does best: coordinating across borders, analysing complex intelligence, and helping national authorities act decisively. Counterfeit goods hurt the EU’s economy, rob legitimate businesses of revenue, endanger jobs, and put consumer health at risk. Fashion counterfeiting, in particular, is often linked to unsafe production practices and unethical labour conditions. This kind of illegal trade must be stopped at the source.”

    The wider impact of counterfeit fashion on the EU economy is profound. The industry loses billions in legitimate revenue each year, which also means fewer jobs, reduced innovation, and less tax income for public services. Moreover, counterfeit clothing and accessories may often contain dangerous substances such as heavy metals and toxic dyes, posing direct threats to consumer health.

    OLAF enquiries are ongoing. Further investigations are being conducted into the supply chains and networks responsible for this illicit trade, with the goal of dismantling the operations and ensuring that counterfeit products do not reach European consumers.

    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.

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  • MIL-OSI Europe: Answer to a written question – Effectiveness and promotion of EU initiative to plant 3 billion trees by 2030 – E-001310/2025(ASW)

    Source: European Parliament

    The EU pledge for planting 3 billion additional trees in the EU by 2030 was launched in 2021 as a non-binding, but meaningful target to further enhance afforestation for climate, biodiversity and the bioeconomy[1]. Its implementation depends on voluntary grass-roots initiatives across the EU.

    The Commission supports tree planting initiatives by giving them visibility though a web page[2] including a ‘ counter’[3] launched in April 2022. Although not all planted trees are reported, up to now, 65  organisations[4] in the 27 Member States have participated, as well as numerous citizens, via the dedicated MapMyTree[5] application . Organisations vary from state or region authorities to cities, private companies, foundations, universities and non-governmental organisations.

    In order to further promote the pledge, in March 2025, the Commission announced the ‘Tree billion trees Award’[6] that will be organised starting from 2026 in order to recognise innovative and impactful tree-planting projects.

    There is no specific budget for implementing this voluntary pledge. However, several possibilities exist to fund afforestation and tree planting projects at local level. The Commission published guidance on such funding[7] opportunities in 2024 and will update it before end of 2025.

    The Commission does not plan to appoint national coordinators, but it may support local initiatives, in particular through jointly organised events. An expert report on the challenges to implement the pledge will be published in 2025.

    • [1]  Commission Staff Working Document The 3 Billion Tree Planting Pledge For 2030 accompanying the document Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions – New EU Forest Strategy for 2030, SWD/2021/651 final.
    • [2] https://environment.ec.europa.eu/strategy/biodiversity-strategy-2030/3-billion-trees_en.
    • [3] https://forest.eea.europa.eu/policy-and-reporting/3-billion-trees.
    • [4] https://forest.eea.europa.eu/policy-and-reporting/3-billion-trees/organisations?searchTerm=.
    • [5] https://mapmytree.eea.europa.eu/.
    • [6] https://environment.ec.europa.eu/strategy/biodiversity-strategy-2030/3-billion-trees/3-billion-trees-award_en.
    • [7] https://op.europa.eu/en/publication-detail/-/publication/c216e918-d646-11ee-b9d9-01aa75ed71a1/language-en.
    Last updated: 13 May 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Transparency in the use of Global Gateway funds for Rwanda – P-001069/2025(ASW)

    Source: European Parliament

    Information on Global Gateway and its flagship projects is available on the European Commission’s website[1], which also provides links to approved action documents. EU Delegations also regularly facilitate dialogue with civil society and the private sector in partner countries, sharing information on EU investments. The European Parliament is kept informed both through its observer role on the Global Gateway Board and its participation in the strategic board for the European Fund for Sustainable Development Plus (EFSD+), main Commission tool for mobilising investments.

    As regards the selection of Strategic Projects under the Critical Raw Materials (CRM) Act[2], the evaluation is conducted by external experts with professional expertise in the technical, financial, environmental, social and governance dimensions. In line with Article 7 of the CRM Act, the proposed list of Strategic Projects is then presented for the opinion of the CRM Board chaired by the Commission and composed of Member States, with the European Parliament as an observer. The final list is then adopted by a Commission Decision.

    The contribution of EUR 900 million in a Team Europe approach (EU, Member States, European Investment Bank) for Global Gateway projects was announced in a communiqué from the President of the Commission on 18 December 2023[3]. The funding will support four Global Gateway Initiatives on green deal, connectivity, health and education[4]. They won’t be directly or indirectly linked to the mining sector as they target inclusive and sustainable agricultural transformation, youth led innovation and green investment in Rwandan cities, vaccines, medicines and health technologies, and early childhood services.

    • [1] https://international-partnerships.ec.europa.eu/publications-library/global-gateway-flagship-projects-infographics_en .
    • [2]  https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L_202401252 .
    • [3]  https://ec.europa.eu/commission/presscorner/detail/en/ip_23_6724 .
    • [4]  https://www.eeas.europa.eu/delegations/rwanda/global-gateway-rwanda_en?s=115.
    Last updated: 13 May 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – State of the automotive industry in Europe – E-002579/2024(ASW)

    Source: European Parliament

    The Commission undertook a thorough analysis of the economic, social and environmental impacts before proposing amendments to the CO2 emission standards for cars and vans in 2021[1] and considered the developments in other regions of the world, including China. The Commission continues to monitor the progress towards zero-emission road mobility and it will submit its first biennial report by the end of 2025.

    On 5 March 2025, the Commission put forward an Action Plan for the European automotive sector[2], which builds on a Strategic Dialogue launched by the President of the Commission[3]. The action plan includes a package of measures to further support the EU battery industry, including financing under the Innovation Fund, looking into direct production support to companies producing batteries and non-price criteria for components such as resilience requirements. This complements the existing public support, which has been essential to the development of the EU battery industry, including the two battery-related Important Projects of Common European Interest[4], alongside the support provided by Member States through the Temporary Crisis and Transition Framework[5].

    During his hearing, the Commissioner for Energy and Housing highlighted the role of nuclear energy in supporting decarbonisation and competitiveness in Europe. Nuclear energy is, and will continue to be, an integrated part of the EU energy mix. The planned EU Clean Energy Investment Strategy will address the investment needs for nuclear energy and will be underpinned by a Nuclear Illustrative Programme. Moreover, the Commission facilitates the development and deployment of small modular reactors in Europe within the dedicated Industrial Alliance[6].

    • [1] Impact assessment accompanying Proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2019/631 as regards strengthening the CO2 emission performance standards for new passenger cars and new light commercial vehicles in line with the EU’s increased climate ambition.
    • [2] https://transport.ec.europa.eu/document/download/89b3143e-09b6-4ae6-a826-932b90ed0816_en?filename=Communication%20-%20Action%20Plan.pdf .
    • [3] https://ec.europa.eu/commission/presscorner/detail/en/ip_25_378 .
    • [4] https://www.ipcei-batteries.eu/.
    • [5] https://competition-policy.ec.europa.eu/state-aid/temporary-crisis-and-transition-framework_en.
    • [6] https://single-market-economy.ec.europa.eu/industry/industrial-alliances/european-industrial-alliance-small-modular-reactors_en.
    Last updated: 13 May 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Text adopted – 2023 and 2024 reports on Türkiye – P10_TA(2025)0092 – Wednesday, 7 May 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to the European Council conclusions of 17 and 18 April 2024, 30 June 2023, 23 June 2022, 24 June 2021 and 12 December 2019, and to all relevant previous Council and European Council conclusions,

    –  having regard to Türkiye’s membership of the Council of Europe and NATO,

    –  having regard to the Agreement between the European Union and the Republic of Turkey on the readmission of persons residing without authorisation(1) (EU-Turkey Readmission Agreement),

    –  having regard to the statement of the members of the European Council of 25 March 2021 on Türkiye,

    –  having regard to the ‘EU-Turkey statements’ of 18 March 2016 and 29 November 2015,

    –  having regard to the ‘Turkey Negotiating Framework’ of 3 October 2005,

    –  having regard to the declaration issued by the European Community and its Member States on 21 September 2005 following the declaration made by Turkey upon its signature of the Additional Protocol to the Ankara Agreement on 29 July 2005,

    –  having regard to the Council conclusions of December 2006 and March 2020, and to the Presidency Conclusions of the European Council in Copenhagen of 21-22 June 1993, also known as the Copenhagen Criteria,

    –  having regard to the Council conclusions on Enlargement of 17 December 2024 and of 12 December 2023,

    –  having regard to the International Law of the Sea and the United Nations Convention on the Law of the Sea (UNCLOS),

    –  having regard to the Commission communication of 30 October 2024 on EU enlargement policy (COM(2024)0690) and to the accompanying Türkiye 2024 Report (SWD(2024)0696),

    –  having regard to the Commission communication of 8 November 2023 on EU enlargement policy (COM(2023)0690) and to the accompanying Türkiye 2023 Report (SWD(2023)0696),

    –  having regard to Special report 06/2024 of the European Court of Auditors of 24 April 2024 entitled ‘The Facility for Refugees in Turkey – Beneficial for refugees and host communities, but impact and sustainability not yet ensured’,

    –  having regard to the joint communications from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy to the European Council of 29 November 2023 (JOIN(2023)0050) and of 22 March 2021 (JOIN(2021)0008) on the state of play of EU-Türkiye political, economic and trade relations,

    –  having regard to the Commission communication of 19 December 2024 entitled ‘Eighth Annual Report of the Facility for Refugees in Türkiye’ (COM(2024)0593),

    –  having regard to the fundamental principles of international law and to the Charter of the United Nations, the 1977 and the 1979 High-Level Agreements between the leaders of the two communities, and the relevant resolutions of the UN Security Council on Cyprus, including Resolution 186 (1964) of 4 March 1964, which reaffirms the sovereignty of the Republic of Cyprus, Resolution 550 (1984) of 11 May 1984 on secessionist actions in Cyprus, Resolution 789 (1992) of 25 November 1992, and Resolution 2537 (2020) on the UN Peacekeeping Force in Cyprus (UNFICYP),

    –  having regard to Article 46 of the European Convention on Human Rights (ECHR), which states that the contracting parties undertake to abide by the final judgment of the European Court of Human Rights (ECtHR) in any case to which they are parties, and to the ensuing obligation of Türkiye to implement all judgments of the ECtHR,

    –  having regard to the relevant resolutions of the Committee of Ministers of the Council of Europe,

    –  having regard to the 2025 Freedom in the World report published by Freedom House,

    –  having regard to the 2024 World Press Freedom Index published by Reporters Without Borders,

    –  having regard to the January 2025 prison statistics report published by the Civil Society in the Penal System Association (CISST) and to the 2024 country profile for Türkiye published by Prison Insider,

    –  having regard to the Global Gender Gap Report 2024 published by the World Economic Forum,

    –  having regard to recent reports of the We Will Stop Femicide Platform (Kadın Cinayetlerini Durduracağız Platformu),

    –  having regard to the UNESCO statement on Hagia Sophia of 10 July 2020, and to the relevant UNESCO World Heritage Committee decisions 44 COM 7B.58 (2021) and 45 COM 7B.58 (2023), adopted in its 44th and 45th sessions respectively,

    –  having regard to its previous resolutions on Türkiye, in particular those of 13 September 2023 on the 2022 Commission Report on Türkiye(2), of 7 June 2022 on the 2021 Commission Report on Turkey(3), and of 26 November 2020 on escalating tensions in Varosha following the illegal actions by Türkiye and the urgent need for the resumption of talks(4),

    –  having regard to its resolution of 29 February 2024 on deepening EU integration in view of future enlargement(5),

    –  having regard to its resolution of 15 April 2015 on the centenary of the Armenian Genocide(6),

    –  having regard to its resolutions of 5 May 2022 on the case of Osman Kavala in Turkey(7), of 10 October 2024 on the case of Bülent Mumay in Türkiye(8) and of 13 February 2025 on recent dismissals and arrests of mayors in Türkiye(9),

    –  having regard to European Commission President Ursula von der Leyen’s visit to Ankara in December 2024,

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

    –  having regard to the report of the Committee on Foreign Affairs (A10-0067/2025),

    A.  whereas Türkiye remains a candidate for EU accession, and EU membership remains the repeatedly declared political goal of the Turkish Government, although the gap with the values and interests of the EU is growing; whereas EU accession negotiations have effectively been at a standstill since 2018, owing to the deterioration of the rule of law and democracy in Türkiye;

    B.  whereas any accession country is expected to respect democratic values, the rule of law and human rights, and to abide by EU law; whereas Türkiye needs to credibly demonstrate its commitment to closer relations and alignment with the European Union in order to reinvigorate its European perspective; whereas being a candidate country presumes a willingness to progressively approach and align with the EU in all aspects, including values, interests, standards and policies, inter alia with its common foreign and security policy, to respect and uphold the Copenhagen criteria, and to pursue and maintain good neighbourly relations with the EU and all of its Member States without discrimination; whereas the tensions between the EU and Türkiye in relation to the situation in the Eastern Mediterranean have de-escalated but not ceased; whereas Türkiye has repeatedly been asked to refrain from all actions which violate the sovereignty and sovereign rights of all EU Member States and are in breach of international and EU law;

    C.  whereas the 2023 Commission progress report on Türkiye painted a picture of continued backsliding, while its latest progress report of 2024 appears to present a slightly more positive overall picture of progress on enlargement-related reforms in Türkiye, such as in the area of economic and monetary policies; whereas this cannot, however, be applied to the core matters related to democracy and fundamental rights, which have deteriorated even further since the release of the Commission’s latest report; whereas the gap between Türkiye and the EU’s values and normative framework has therefore remained unaddressed during the recent period with the persistent use of laws and measures aimed at curtailing the rule of law and human rights, fundamental freedoms and civil liberties;

    D.  whereas the joint communication on the state of play of EU-Türkiye relations of 29 November 2023 struck a more positive note, putting forward a set of recommendations on cooperating in areas of joint interest in a phased, proportionate and reversible manner and based on the established conditionalities; whereas only a few concrete steps in line with the commitments therein have been taken so far; whereas the April 2024 European Council mandated Coreper to advance in the implementation of this joint communication; whereas nevertheless this joint communication has not yet received a clear political endorsement by the Council;

    E.  whereas Türkiye is a member of the Council of Europe and is therefore bound by the judgments of the ECtHR; whereas owing to its failure to apply landmark ECtHR rulings, Türkiye is currently facing historical infringement proceedings; whereas Türkiye consistently ranks among the countries most frequently found in violation of the human rights and fundamental freedoms protected by the European Convention on Human Rights; whereas as of late November 2024, Türkiye had the highest number of pending cases before the ECtHR, with 22 450 applications, representing 36,7 % of the Court’s total caseload of 61 250 applications;

    F.  whereas Türkiye is classified as ‘not free’ by Freedom House and has experienced one of the worst declines in the level of freedom in the world in the past 10 years; whereas Türkiye ranks 158th out of 180 countries in the 2024 World Press Freedom Index; whereas the Turkish Government has closed dozens of media outlets, routinely blocks online articles, is reported to control 85 % of national media and uses its state agency Anadolu as an organ of propaganda;

    G.  whereas the Turkish constitution provides for sufficient protection of fundamental rights, but the practice of the institutions and the critical state of the judiciary, including the lack of respect for Constitutional Court rulings, are the main reasons for the dire situation of the rule of law and human rights in the country, issues repeatedly described in the reports of the EU, the Council of Europe and international organisations;

    H.  whereas Türkiye has the highest incarceration rate and the largest prison population of all Council of Europe Member States, with an overcrowded prison population that has grown by 439 % between 2005 and 2023 and currently represents more than a third of all inmates of Council of Europe countries;

    I.  whereas Türkiye is ranked 127th out of 146 countries in the 2024 Global Gender Gap Index, underscoring severe gender inequality and systemic failures in protecting women’s rights; whereas according to the 2024 report of the We Will Stop Femicide Platform (Kadın Cinayetlerini Durduracağız Platformu), 394 women were murdered by men and 259 women were found dead in suspicious circumstances in Türkiye in 2024, the highest number recorded since the civil society group started collecting data in 2010; whereas in its 2023 report, the platform noted that 315 women were killed by men, and 248 women were found dead in suspicious circumstances;

    J.  whereas in recent months, Türkiye has taken steps towards the resumption of a process for a peaceful resolution of the Kurdish question; whereas on 27 February 2025 jailed militant leader Abdullah Öcalan called on his Kurdistan Workers’ Party (PKK) to disarm and disband, providing a historic opportunity to end the Turkish-Kurdish conflict; whereas these efforts have been accompanied by increasing repression and the curtailment of the powers of democratic local governments, including the dismissal of elected Kurdish and other opposition mayors;

    K.  whereas, alongside being a candidate for EU accession, Türkiye is a NATO ally and a key partner in the areas of trade, economic relations, security, the fight against terrorism, and migration; whereas Türkiye continues to play a key role in the region, acts as a bridge between Europe and Asia, and remains a key partner for the stability of the wider East Mediterranean region; whereas Türkiye continues to play a significant role in the Syrian conflict and maintains a military presence in northern Syria;

    L.  whereas Türkiye has not aligned with EU sanctions against Russia; whereas trade between Türkiye and Russia has nearly doubled since the EU’s imposition of sanctions against Russia; whereas despite some steps taken, Türkiye has not prevented its territory from being used to circumvent EU sanctions against Russia;

    M.  whereas the 2024 Commission progress report on Türkiye states that, as at 30 September 2024, the country maintained a very low alignment rate of 5 % with relevant statements of the High Representative on behalf of the EU and with relevant Council decisions, compared to 9 % in 2023;

    N.  whereas Türkiye is the EU’s fifth largest trade partner, and the EU is Türkiye’s largest trading partner by far, as well as its primary source of foreign direct investment;

    O.  whereas in the past year, the level of engagement between the EU and Türkiye has increased in terms of both technical and high-level meetings in sectoral areas;

    P.  whereas Türkiye has applied for membership of BRICS+ and shown interest in joining the Shanghai Cooperation Organisation (SCO);

    Q.  whereas following a period of unorthodox economic policy, Türkiye has implemented a tighter monetary policy over the past year leading to a reduction in external imbalances and a moderation of inflationary pressures;

    R.  whereas in March 2025 the Turkish Government spent at least USD 10 billion of its currency reserves to counteract the collapse of its financial markets and the devaluation of the lira caused by its decision to arrest and detain Mayor of Istanbul and prominent opposition politician Ekrem İmamoğlu; whereas the Turkish Government’s undermining of Turkish democracy and the rule of law creates an unfavourable environment for foreign direct investment and hence weakens the Turkish economy, with grave consequences for the socio-economic situation of Turkish citizens;

    S.  whereas Türkiye hosts the largest refugee population in the world, with around 3,1 million registered refugees, mainly from Syria, Iraq and Afghanistan; whereas since 2011 the EU has directed more than EUR 10 billion to assisting refugees and host communities in Türkiye; whereas according to a credible investigative report by Lighthouse Reports and eight media partners, the EU is funding removal centres in Türkiye implicated in the detention, abuse and forced deportations of refugees under the guise of voluntary return;

    T.  whereas in addition to the emergency assistance coordinated via the EU Civil Protection Mechanism, with an estimated financial value of EUR 38 million, the EU provided EUR 78,2 million in humanitarian aid for the earthquake response in 2023, and EUR 26 million in humanitarian aid in 2024; whereas the EU signed an additional EUR 400 million in assistance under the EU Solidarity Fund to finance recovery operations following the devastating earthquake;

    U.  whereas Türkiye has systematically misused counterterrorism laws to target elected officials, opposition politicians, journalists and human rights defenders, among others;

    Commitment to EU accession

    1.  Recognises the long-standing aspirations of Turkish civil society regarding accession to the European Union; welcomes the Turkish Government’s recent statements reiterating its commitment to EU membership as a strategic goal amid an effort to revitalise EU-Türkiye relations in line with relevant European Council conclusions in a phased, proportionate and reversible manner; recognises the EU’s commitment to fostering this engagement through enhanced dialogue and cooperation but encourages it to review its expectations for engagement in the foreseeable future, in light of the deterioration of democratic standards that has been pushing the country towards an authoritarian model over the past decade, accelerating recently with the politically motivated arrest of President Recep Tayyip Erdoğan’s main political opponent, Mayor of Istanbul Metropolitan Municipality Ekrem İmamoğlu;

    2.  Stresses that EU membership is contingent on fulfilling the accession (Copenhagen) criteria, which require stable institutions that guarantee democracy, the rule of law, human rights, respect for and the protection of minorities, good neighbourly relations, respect for international law and alignment with the EU CFSP; further notes that these are absolute criteria, not issues subject to transactional strategic considerations and negotiations; stresses that recognition of all Member States is a necessary component of the accession process;

    3.  Regrets, in this regard, that the aforementioned positive statements have not been accompanied by any concrete actions by the Turkish authorities to close the persistent and vast gap between Türkiye and the EU on values and standards, particularly with regard to the fundamentals of the accession process; reiterates its previously adopted conclusion that the Turkish Government continues to show, as it has done for the past few years, a clear lack of political will to carry out the necessary reforms to reactivate the accession process and continues to pursue a deeply entrenched authoritarian understanding of the presidential system;

    4.  Acknowledges the strategic and geopolitical importance of Türkiye, and its increasing presence and influence in areas critical to international security, such as the Black Sea region, including Ukraine, and the Middle East; reiterates that Türkiye is a strategic partner and NATO ally, and a country with which the EU has close relations in the areas of security, trade, economy and migration; welcomes closer cooperation between Türkiye and the EU, to which the Turkish Government has made frequent reference, but stresses that this cannot in any way be a substitute for the necessary real progress which Türkiye, as a candidate country, needs to make with regard to meeting the fundamental requirements for accession; highlights, in this regard, that there are no shortcuts in the accession process and that no argument can be put forward to avoid discussing the democratic principles which are at the core of the accession process;

    5.  Notes that the Commission’s Türkiye report 2024 paints a more positive picture of reform implementation in the context of Türkiye’s accession process than the Türkiye report 2023, shifting from further deterioration to ‘no progress’ with regard to the rule of law and human rights issues; is of the opinion, however, that at least in key areas such as democracy, rule of law and fundamental rights, this is due to the fact that a very low point had already been reached and this situation has remained unchanged;

    6.  Further takes note of a nuanced shift in focus of the Türkiye report 2024, by contrast with the 2023 report, away from the accession process towards a strategic partnership between the European Union und Türkiye; is of the opinion that the critical state of the accession process is driving the Commission and the Council to focus merely on the partnership dimension of the EU’s relations with Türkiye, as is also reflected in the joint communication on the state of play of EU-Türkiye relations of 29 November 2023, and of 22 March 2021; highlights the increasing shift towards a different framework for the relationship, which might come at the expense of the accession process;

    The core of the accession process: democracy, the rule of law and fundamental rights

    7.  Considers that, in terms of human rights and the rule of law, Parliament’s recent resolutions on the matter remain valid in light of the continued dire human rights situation and democratic backsliding in Türkiye over the last year; fully endorses the latest resolutions of the Parliamentary Assembly of the Council of Europe and the related report by its Monitoring Committee, as well as the resolutions adopted by the Committee of Ministers of the Council of Europe, which depict in detail the wide range of serious shortfalls in human rights constantly reported by locally and internationally renowned human rights organisations;

    8.  Notes the Turkish Government’s stated commitment to judicial reform and the introduction of measures of an organisational nature; highlights, however, the need to introduce structural measures ensuring judicial independence; deeply regrets that, despite a reform strategy with nine judicial reform packages, the state of independence of the judiciary in Türkiye remains desolate following systematic government interference in and political instrumentalisation of the judicial system; deplores, in this regard, the weakening of remaining constitutional review mechanisms, particularly individual applications, and the frequent violations of due process;

    9.  Is dismayed by the persecution of legal professionals, including most recently the lawsuit filed by the Istanbul Chief Public Prosecutor’s Office that resulted in the removal of the leadership of the Istanbul Bar Association on charges of ‘making propaganda for a terrorist organization’ and ‘publicly disseminating misleading information’ for having asked for an investigation into the murders of two Kurdish journalists in Syria, and in the imprisonment of one of the members of the Istanbul Bar Association’s executive board following his trip to Strasbourg to hold meetings with Council of Europe institutions;

    10.  Is alarmed by the blatant lack of implementation of decisions by the Constitutional Court, including in the case of MP Can Atalay, which has turned into a serious judicial crisis, with the Court of Cassation filing a criminal complaint against nine judges of the Constitutional Court; is worried by the recent decision of the Court of Cassation to overturn the sentences of and release the terrorists involved in the ISIS attack at Istanbul’s Atatürk Airport, which claimed 45 lives in 2016;

    11.  Calls on Türkiye to strengthen its commitment to democratic governance, especially through reforms that ensure an independent judiciary; takes notes of the recent announcement of the Fourth Judicial Reform Strategy, spanning 2025-2029; calls on the Turkish Government to move from the superficial changes made so far through the recurrent reform packages and action plans to a profound and long overdue reform that will address, through real political will, the serious and structural shortcomings of Türkiye’s judiciary; stresses that putting an end to political interference in the judiciary requires no strategy or reform package but merely the political will to do so;

    12.  Remains deeply concerned by the continued deterioration of democratic standards and relentless crackdown by the Turkish authorities on any critical voices by means of a growing battery of repressive laws, the regular misuse of counterterrorism laws, including their application in relation to minors (as in the ‘Kız Çocukları Davası’ trial), the disproportionate use of the crime of insulting a public official, the extensive use of secret witnesses and dormant cases in flawed judicial proceedings, and the recurrent practice of exaggerated night arrests and home raids to portray targeted persons as extremely dangerous;

    13.  Welcomes the withdrawal in November 2024 of the draft amendment to Türkiye’s espionage laws, known as the ‘agent of influence’ law; urges the Turkish authorities to refrain from reintroducing a similar overly broad and vague law in the future, given the serious risk that it would be used as a tool to further criminalise the legitimate activities of civil society organisations within the country; calls on the Turkish authorities to ensure that the recently approved cybersecurity bill will serve its legitimate purpose of protecting data privacy and national security without giving way to potential infringements of fundamental rights or becoming another tool for further repression; stresses that the judicial apparatus remains heavily restrictive, with a complex web of legislation serving as a tool to systematically control and silence any critical voice, such as the 2020 social media law, the 2021 anti-money laundering law and the 2022 disinformation law;

    14.  Is concerned by the recent approval of legal provisions granting extraordinary powers to the State Supervisory Council (DDK) and the Savings Deposit Insurance Fund (TMSF), including the possibility for the former to dismiss public officials of all types and levels and appoint trustees, which could be used in an arbitrary manner;

    15.  Urges the Turkish authorities to put an end to the current serious restrictions on fundamental freedoms, in particular of expression, of assembly and of association, and to the constant attacks on the fundamental rights of members of the opposition, human rights defenders, lawyers, trade unionists, members of minorities, journalists, academics, artists and civil society activists, among others; strongly condemns the recent waves of mass arrest and imprisonment on politically motivated charges, and on the grounds of suspected terror links, affecting political figures, academics and journalists, including the arrests of Elif Akgül, independent journalist, Yıldız Tar, editor in chief of LGBT+ news site Kaos GL, Ender İmrek, columnist of Evrensel daily, and Joakim Medin, Swedish journalist for ETC, all well known for their work on human rights issues;

    16.  Strongly condemns the recent arrest and detention of the Swedish journalist Joakim Medin; reiterates that freedom of the press is a fundamental right and core EU value; strongly condemns the accusations made against Joakim Medin, which are solely based on his journalistic work and therefore demands his immediate and unconditional release and that of other journalists imprisoned for exercising their freedom of speech;

    17.  Deplores the continued prosecution, censorship and harassment of journalists and independent media, denying them the freedom to carry out their professional duties and inform the public, which is essential to a functioning democratic society; calls on the Turkish authorities to refrain from further attacks on independent media and to uphold fundamental rights and civil liberties such as freedom of speech and of the press; remains deeply concerned by the existing legislation that prevents an open and free internet, with lengthy prison sentences imposed for social media posts, scores of access blocks and content removal orders, and by the continued use of the Radio and Television Supreme Council (RTÜK) to crack down on media criticism and even on outlets deemed to spread ‘pessimism’ instead of positive news;

    18.  Acknowledges the positive developments in relation to the partial lifting by the minister of the interior of restrictions on the weekly vigils of the Saturday Mothers, Cumartesi Anneleri, in Istanbul’s Galatasaray Square, and the recent acquittal of all 46 people prosecuted for more than 6 years in the case surrounding the organisation’s 700th gathering in August 2018; calls for the complete removal of all restrictions on their peaceful protest, in full compliance with the relevant Constitutional Court ruling, and for an end to the ongoing judicial case against several of its members and sympathisers; is concerned by the ongoing trial against prominent human rights defender Nimet Tanrıkulu, who was released on 4 March 2025 after spending 94 days in pre-trial detention; urges the Turkish authorities to ensure the immediate release of all individuals detained for exercising their fundamental freedoms;

    19.  Continues to be appalled by the Turkish authorities’, in particular the Turkish judiciary’s, continuous disregard for and failure to apply landmark ECtHR rulings; reiterates its condemnation of Türkiye’s blatant misuse of the judicial system and the refusal to release from detention human rights defender Osman Kavala and opposition politicians Selahattin Demirtaş and Figen Yüksekdağ,for which Türkiye is facing historical infringement proceedings in the Council of Europe, with long-awaited consequences yet to be determined; is appalled by the recent filing and acceptance of a new indictment against Selahattin Demirtaş in which the Diyarbakır Chief Public Prosecutor’s Office asks for up to 15 years of imprisonment and a ban on his political activities on the basis of several speeches he made in 2016; calls on Türkiye to fully comply with the ECtHR judgements related to missing persons and properties (inter alia in the Fokas case) in Cyprus; deplores the politically motivated nature of these prosecutions, which form part of a broader pattern of judicial harassment; calls on Türkiye to fully implement all judgments of the ECtHR in line with Article 46 of the ECHR and in line with the unconditional obligations derived from Article 90 of the Turkish constitution; calls on the European Commission and Member States to use all diplomatic channels to urge Türkiye to implement relevant ECtHR rulings and consider implementing relevant funding conditionality in relation to compliance with ECtHR rulings;

    20.  Calls on Türkiye to respect the European Court of Human Rights decision of 24 January 2008, which found Türkiye guilty of breaching Article 2 of the European Convention on Human Rights, due to its failure to locate and prosecute those responsible in the case of the murders of Tassos Isaak and Solomos Solomou, which were committed in Cyprus in 1996; calls on the Turkish authorities to enforce the international arrest warrants against the murder suspects, and hand them over to the Republic of Cyprus;

    21.  Expresses its deep concern about the dire situation in Turkish prisons owing to severe overcrowding and poor living conditions, with reports, including by the Council of Europe, of torture and ill-treatment being widespread, and access to basic needs such as hygiene and information being severely limited; is particularly worried by the conditions of imprisonment of elderly and seriously ill prisoners, such as the case of Soydan Akay, who is being unjustly kept imprisoned; calls for his immediate release on humanitarian and health grounds; is concerned by the continued use of humiliating strip searches in prisons and other places of detention and by the persisting harassment of MP Ömer Faruk Gergerlioğlu, who is currently facing six proceedings for the removal of his parliamentary seat and immunity, among other reasons for his having denounced this very practice;

    22.  Strongly condemns the Turkish Government’s decision to dismiss, following the March 2024 local elections, the democratically elected mayors of at least 13 municipalities and districts (Hakkari, Mardin, Batman, Halfeti, Tunceli, Bahçesaray, Akdeniz, Siirt, Van and Kağızman, won by the DEM Party; and Esenyurt Ovacık and Şişli, won by CHP Party) and to replace them with government trustees appointed by the interior ministry; regards this long-standing practice of appointing trustees as a blatant attack on the most basic principles of local democracy; urges the Turkish authorities to immediately cease and reverse repression of political opposition and to respect the rights of voters to elect their chosen representatives in line with the recommendations of the Congress of Local and Regional Authorities of the Council of Europe and the Venice Commission; reiterates its call on the VP/HR to consider restrictive measures under the EU Global Human Rights Sanctions Regime against Turkish officials assuming the role of trustee and those appointing them; denounces the severe repression of protests against the removal of elected mayors, including the arbitrary arrest of hundreds of protesters, some of whom were minors; regards the decision of the Turkish Government to return to this practice after the last local elections of March 2024 as a clear sign of its lack of commitment to addressing the democratic shortcomings within the country and in clear contradiction to the declared willingness to revitalise the accession process, as such actions undermine the prospects for a stronger, more comprehensive partnership with the EU and are detrimental to long-term progress towards closer cooperation;

    23.  Deplores the permanent targeting of political parties and members of the opposition, who continue to suffer increasing pressure; condemns in the strongest terms the recent arrest and removal from office of the Istanbul Metropolitan Municipality CHP Mayor Ekrem İmamoğlu, along with the mayors of Şişli and Beylikdüzü, in the framework of two separate investigations on alleged corruption and terrorist-related charges involving a total of 106 suspects; highlights that these last cases, which are part of a long list of 42 administrative and 51 judicial investigations since İmamoğlu’s election in 2019, were launched just a few days before the internal party election to nominate him presidential candidate and the day after the controverted decision by Istanbul University to revoke his diploma, a requisite for his eligibility to be President; is appalled by the decision to temporarily ban all demonstrations in Istanbul and other provinces across the country, and the slowdown on social media; condemns the Turkish authorities’ harsh crackdown on the peaceful mass protests, including the detention of nearly 2000 people, many of them students, and the prosecution of hundreds of them through hasty mass trials with a lack of any evidence of criminal wrongdoing; expresses its deep concern over the unlawful arrest of Esila Ayık, a Ghent-based photography student detained on 8 April 2025 during protests in Istanbul, particularly owing to her untreated heart and kidney conditions; calls for the immediate release of all those still in detention and the acquittal of all those prosecuted for exercising their fundamental rights; deplores the arrests, detentions and deportations of local and international journalists covering the protests, in violation of the freedom of the press; urges the Turkish authorities to promptly and effectively investigate all allegations of harassment and excessive use of force against protesters and to uphold the freedom of assembly and protest; considers that the attacks against İmamoğlu constitute a politically motivated move aimed at preventing a legitimate challenger from standing in the upcoming elections and that with these actions the current Turkish authorities are further pushing the country towards a fully authoritarian model; regrets the EU’s lack of a strong, unified response to these alarming developments;

    24.  Further expresses its concern about the recent separate cases against Istanbul’s Beşiktaş district CHP Mayor Rıza Akpolat, Istanbul’s Beykoz district CHP Mayor Alaattin Köseler, CHP Youth Branch Chair Cem Aydın, and Zafer Party Chair Ümit Özdag; is appalled by the brutal and relentless crackdown on any kind of criticism to which all sectors of Turkish society have recently been subjected by the Turkish authorities, as illustrated, among others, by the case of Ayşe Barım, a well-known talent manager imprisoned since 27 January 2025 for alleged involvement in the Gezi Park protest 12 years ago, the investigation launched against Orhan Turan and Ömer Aras, the president and an executive of TÜSIAD, the country’s main business group, and the indictment, with the aim of imposing hefty prison sentences, of Halk TV Editor-in-Chief Suat Toktaş and journalists Seda Selek, Barış Pehlivan, Serhan Asker and Kürşad Oğuz, who have been provisionally acquitted; is concerned by the involvement in these and other cases of recently appointed Istanbul Chief Public Prosecutor Akın Gürlek, who has a long record of involvement, in different positions, in high-profile cases against political figures, and which may give grounds for considering the application of restrictive measures under the EU Human Rights sanction regime; is also concerned by the growing financial pressure on opposition municipalities and controversial announcements, such as that made in relation to day-care centres run by opposition municipalities;

    25.  Expresses its deep concern at the deterioration in women’s rights, at gender-based violence and at the increase in the incidence of femicide in Türkiye in 2024, which has been the highest since 2010, the year before the signing of the Istanbul Convention; reiterates its strong condemnation of Türkiye’s withdrawal, by presidential decree, from this international agreement and reiterates its call to reverse this decision; urges the Turkish authorities to improve the legislative framework and its implementation, including by fully applying Protection Law no. 6284, in order to effectively tackle all forms of violence against women and the practice of so-called ‘honour killings’, end the persistent policy of impunity by holding abusers to account, and advance towards gender equality, particularly with regard to the participation of women in decision-making and policymaking processes; warns against further encroachments on women’s rights, as exemplified by Türkiye’s recent ban on elective caesarean sections at private medical centres without medical justification, which constitutes an unacceptable infringement on women’s bodily autonomy;

    26.  Strongly condemns the ongoing violations and lack of protection of the fundamental rights of LGBTI+ persons in Türkiye, including the increased incidence of hate speech, hate crimes and discriminatory rhetoric, as well as continued media stereotyping based on sexual orientation and gender identity; deplores the fact that this continued discrimination is often sanctioned by the authorities, as evidenced by the mass arrests made during the Pride March in 2023 and the banning of the march in 2024, while anti-LGBTI+ marches were permitted; urges the Turkish authorities to stop banning activities against homophobia, including Pride marches, with immediate effect;

    27.  Welcomes the increased dialogue with Christian minorities, but stresses that no significant progress has been registered with regard to the protection of the rights of ethnic and religious minorities, in particular as regards their legal personality, including those of the Greek Orthodox population of the islands of Gökçeada (Imvros) and Bozcaada (Tenedos); calls for Türkiye to implement the Venice Commission recommendations and all relevant ECtHR rulings in this regard; notes with concern that representatives of different confessions, including non-Muslim and Alevi communities, continue to face bureaucratic obstacles when attempting to register places of worship; highlights that this is a violation of the right to freedom of religion and belief; calls on Türkiye to adopt the long-awaited regulation on the election of board members in non-Muslim minority foundations controlling community hospitals; reiterates its call on Türkiye to respect the role of the Ecumenical Patriarchate for Orthodox Christians all over the world and to recognise its legal personality and the public use of the ecclesiastical title of Ecumenical Patriarch; calls on Türkiye to fully respect and protect the outstanding universal value of Hagia Sophia and the Chora museum, which are inscribed on UNESCO’s World Heritage List; notes with concern that Türkiye has still not implemented two decisions of the UNESCO World Heritage Committee of 2021 and 2023 regarding its obligations to undertake special measures to protect these monuments; deplores the lack of protection of Panagia Soumela Monastery, which has been put forward for inclusion in the UNESCO World Heritage Monuments list; stresses the need to eliminate restrictions on the training, appointment and succession of clergy; welcomes the envisaged reopening of the Halki Seminary and calls for the lifting of all obstacles to its proper functioning; calls on the Turkish authorities to effectively investigate and prosecute people responsible for any hate crimes, including hate speech, committed against minorities; condemns the antisemitic statements made in the media and by high-level officials following the Hamas terrorist attacks against Israel on 7 October 2023; notes that all of these practices against any religious minority are incompatible with EU values;

    28.  Welcomes Abdullah Öcalan’s recent call on the PKK to lay down arms and dissolve, and to engage in a peace process, as a historic and long-awaited step that could help end a period of 40 years of violence that has caused more than 40 000 deaths; praises the efforts made by all stakeholders involved to facilitate these developments, including the constructive approach of different political leaders that was started by MHP leader Devlet Bahçeli, the visits to Imrali prison granted to a delegation of the DEM Party, and the broad consultations that this party has led with other political parties; underlines that this represents a significant opportunity and must be followed by an inclusive political process, with a prominent role for the Turkish Parliament, aimed at the peaceful and sustainable resolution of the Kurdish issue in its political, social, democratic and security-related aspects; stresses the need to uphold human rights, political pluralism, and civil rights for all citizens, including Kurds; regrets the continued political repression, judicial harassment and restrictions on cultural and linguistic rights faced by Kurdish citizens, which undermine democratic principles and social cohesion;

    Regional cooperation and good neighbourly relations

    29.  Continues to commend Türkiye for hosting around 3,1 million refugees, including 2,9 million Syrians under temporary protection in 2024, down from 3,2 million in 2023; reiterates the importance of Türkiye’s collaboration for the effective and orderly management of migration flows; further welcomes the fact that since 2011 the EU has contributed close to EUR 10 billion to assist Türkiye in hosting refugees; notes that some EU funding has been allocated to strengthening Turkish border control and containment capabilities; welcomes the EU’s decision to allocate an additional EUR 1 billion in December 2024 to further support the healthcare, education, and integration of refugees in Türkiye since the fall of the Assad regime; at the same time, notes that these funds had already been pledged in May 2024, and therefore do not constitute new funds; calls on the Commission to ensure utmost transparency and accuracy in the allocation of funds and that EU-funded projects, particularly those related to removal centres and border control, comply with all relevant human rights standards; is alarmed by credible reports uncovering grave human rights violations at EU-funded removal centres in Türkiye and calls on the Commission to launch a transparent and independent review into the matter; notes with concern that a continuing increase in asylum applications has been registered in the Republic of Cyprus over recent years; recalls Türkiye’s obligation to take all necessary measures to halt the existing illegal migration routes and prevent the creation of new sea or land routes for illegal migration from Türkiye to the EU, particularly to Greece and the Republic of Cyprus; points out the risks related to any possible instrumentalisation of migrants by the Turkish Government; underlines the need to ensure the protection of all refugees’ and migrants’ rights and freedoms; calls on Türkiye to ensure the full and non-discriminatory implementation of the EU-Turkey Statement of 2016 and the EU-Türkiye Readmission Agreement vis-à-vis all Member States, including the Republic of Cyprus; expresses cautious hope that developments in Syria will gradually allow an increasing number of refugees to return home; reiterates that returns should only be carried out on a voluntary basis and under conditions of safety and dignity; condemns repeated violent attacks against refugees and migrants fuelled by xenophobic rhetoric among politicians and host communities; calls on the European Commission and the EU Member States to increase their efforts to preserve humanitarian and protection space for Syrian refugees in Türkiye and to uphold the principle of non-refoulement as a cornerstone of EU policies;

    30.  Reiterates its strong interest in stability and security in the Eastern Mediterranean; welcomes the continued de-escalation and positive momentum in the region and the recent climate of re-engagement between Türkiye and Greece, albeit that unresolved issues continue to affect bilateral relations; deplores the fact that Türkiye continues to violate the sovereignty and sovereign rights of EU Member States, such as Greece and the Republic of Cyprus, including through the promotion of the Blue Homeland doctrine; underlines that, although Turkish violations of Greek airspace have drastically decreased, violations of Greek territorial waters have risen compared to 2023, and systematic illegal fishing activities have been conducted by Turkish vessels within Greek territorial waters; expresses its deep concern that Türkiye continues to uphold a formal threat of war against Greece (casus belli), should the latter exercise its lawful right to extend its territorial waters up to 12 nautical miles into the Aegean Sea, in accordance with Article 3 of the United Nations Convention on the Law of the Sea; calls on Türkiye to fully respect the sovereignty of all EU Member States over their territorial sea and airspace, and their other sovereign rights, including the right to explore and exploit natural resources in accordance with EU and international law, including the United Nations Convention on the Law of the Sea (UNCLOS), which is part of the EU acquis; reiterates its view that the memorandum of understanding between Türkiye and Libya on delimitation of the maritime jurisdiction areas in the Mediterranean infringes upon the sovereign rights of third States, does not comply with the Law of the Sea and cannot produce any legal consequences for third States;

    31.  Regrets the fact that the Cyprus problem remains unresolved, and calls for serious reengagement and the political will of all parties involved to bring about peaceful UN-led negotiations, with a view to achieving real progress in the Cyprus settlement talks; welcomes the resumption of informal talks under the auspices of the UN Secretary-General on 18 and 19 March 2025, which were held in a constructive atmosphere in which both sides showed a clear commitment to making progress and continuing dialogue; welcomes the agreement between both sides on opening four crossing points, demining, establishing a youth affairs committee and launching environmental and solar energy projects, as part of a new set of confidence-building measures; encourages all sides to use this momentum to move towards the resumption of negotiations;

    32.  Strongly reaffirms its view that the only solution to the Cyprus problem is a fair, comprehensive, viable and democratic settlement, including of its external aspects, within the agreed UN framework, on the basis of a bi-communal, bi-zonal federation with a single international legal personality, single sovereignty, single citizenship and political equality, as set out in the relevant UN Security Council resolutions, the agreed areas of convergence and the Framework of the UN Secretary General, as well as in accordance with international law and the principles and values on which the Union is founded; strongly condemns Türkiye’s attempts to upgrade the secessionist entity’s status in occupied Cyprus, including via the Organisation of Turkic States, and calls on all states to respect Cyprus’ sovereignty according to UNSC resolutions; calls, as a matter of urgency, for the resumption of negotiations on the reunification of Cyprus under the auspices of the UN Secretary-General as soon as possible, from the point at which they were interrupted in Crans-Montana in 2017; calls on Türkiye to abandon the unacceptable proposal for a two-state solution in Cyprus and to return to the agreed basis for a solution and the UN framework; further calls on Türkiye to withdraw its troops from Cyprus and refrain from any unilateral action which would entrench the permanent division of the island and from action altering the demographic balance;

    33.  Calls on Türkiye to respect the status of the buffer zone and the mandate of the UN Peacekeeping Force in Cyprus (UNFICYP); reiterates its call for cooperation among the Republic of Cyprus, Türkiye, the United Kingdom and the UN to implement concrete measures for a demilitarisation of the buffer zone, and to improve security on the island; urges Türkiye and the Turkish Cypriot leadership to reverse all unilateral actions and violations within and in the vicinity of the buffer zone and refrain from any further such actions and provocations; condemns the ongoing ‘opening’ of Varosha by Türkiye, as this negatively alters the situation on the ground, undermines mutual trust and negatively impacts the prospects for the resumption of direct talks on the comprehensive solution of the Cyprus problem; calls on Türkiye to reverse its illegal actions in violation of UN Security Council resolutions 550(1984) and 789(1992) on Varosha, which call on Türkiye to transfer the area of Varosha to its lawful inhabitants under the temporary administration of the UN, and to withdraw from Strovilia and facilitate the full implementation of the Pyla Understanding;

    34.  Reiterates its deep concern regarding all unilateral actions which aim at entrenching on the ground the permanent division of Cyprus as opposed to its reunification; condemns, in this context, the recent illegal visit of President Erdoğan to the occupied areas of the Republic of Cyprus, as well as his provocative statements, which jeopardise the efforts of the UN, the EU, the international community at large and other parties involved for the resumption of substantial negotiations in the agreed framework; regrets that such unilateral actions are tantamount to a direct illegitimate intervention against the interests of the Greek and Turkish Cypriot communities;

    35.  Reiterates its call on Türkiye to give the Turkish Cypriot community the necessary space to act in accordance with its role as a legitimate community of the island, which is a right guaranteed by the constitution of the Republic of Cyprus; reiterates its call on the Commission to step up its efforts to engage with the Turkish Cypriot community, with a view to facilitating the resolution of the Cyprus problem and recalling that its place is in the European Union; calls for all parties involved to demonstrate a more courageous approach to bringing the communities together; stresses the need for the EU body of law to be implemented across the entire island following a comprehensive resolution of the Cyprus problem;

    36.  Takes note of the significant work of the Committee on Missing Persons in Cyprus (CMP) and calls for improved access to occupied military zones by the Turkish army, access to its military archives and information as to the relocation of remains from former to subsequent burial sites; remains deeply concerned about the education and religious restrictions and impediments faced by the enclaved Greek Cypriots; calls on Türkiye to step up its cooperation with the Council of Europe and its relevant bodies and institutions, to address their key recommendations, to fully implement the European Convention of Human Rights with regard to respecting the freedom of religion and the freedom of opinion and expression, and the right to access and enjoy cultural heritage, and to stop the deliberate destruction of cultural and religious heritage; condemns the repeated attempts by Türkiye to intimidate and silence Turkish Cypriot journalists, trade unionists, human rights defenders and progressive citizens in the Turkish Cypriot community, thus violating their right to freedom of opinion and expression; calls on Türkiye to halt its proclaimed aggressive policy of the sale and exploitation of Greek Cypriot properties, a policy designed to create irreversible effects on the ground and which completely disregards the European Code of Human Rights ruling on this issue;

    37.  Regrets Türkiye’s continuing refusal to comply with aviation law and establish a channel of communication between air traffic control centres in Türkiye and the Republic of Cyprus, the absence of which entails real safety risks and dangers as identified by the European Union Aviation Safety Agency and the International Federation of Air Line Pilots’ Associations; regrets, too, its denial of access to vessels under the flag of one Member State to the Straits of Bosporus and the Dardanelles; takes the view that these could be areas where Türkiye can prove its commitment to confidence building measures and calls on Türkiye to collaborate by fully implementing EU aviation law; regrets that Türkiye has continued its attempts to impede the implementation of the Great Sea Interconnector, an EU project of common interest, and has persisted in its plans for an illegal electricity interconnector with the occupied area of Cyprus;

    38.  Regrets that for 20 years Türkiye has refused to implement the obligations assumed towards the EU, including those in relation to Cyprus, as per the Negotiating Framework of October 2005; stresses that recognition of all Member States is a necessary component of the accession process; reiterates its call on Türkiye to fulfil its obligation of full, non-discriminatory implementation of the Additional Protocol to the Ankara Agreement in relation to all Member States, including the Republic of Cyprus; further calls on Türkiye to ensure that the human and political rights of all Cypriots are fully respected and that compliance with the fundamental principles of the European Union and the European acquis is guaranteed;

    39.  Affirms its support for a free, secure and stable future for Syria and its citizens and highlights the need for an inclusive and peaceful political transition process that is Syrian-led and Syrian- owned, including the protection and inclusion of religious and ethnic communities; expresses its commitment to constructive cooperation between the EU and Türkiye to that end, on humanitarian aid, promoting a sustainable political solution in Syria, and the fight against DAESH, given that Türkiye has a key role in promoting stability in the region; recalls that Syria’s sovereignty must be restored; acknowledges the importance of rebuilding Syria’s economy as a pillar of long-term stability and prosperity for the region; calls on Türkiye to respect Syria’s territorial integrity and sovereignty and immediately cease all attacks and incursions on and occupation of Syrian territory in full compliance with international law; condemns the attacks carried out in recent weeks, taking advantage of the collapse of the Assad regime, by Turkish-backed militias against Syrian Kurdish forces in the north of Syria; expresses deep concern, as these attacks increase the number of internally displaced persons but also threaten the efficiency and continuity of the fight against Daesh; notes that its ongoing presence risks further destabilising and undermining efforts towards a sustainable political resolution in Syria; further notes that, citing security concerns, Türkiye also illegally occupies areas in Iraq; reiterates that civilian populations should never be the victim of military self-defence; calls for the necessary investigation into the cases in which there have been civilian casualties and to stop the crackdown on journalists working in the area; calls on Türkiye to support the process of implementing the agreement between the Syrian transitional government and the Kurdish-led SDF and refrain from any interference in Syria’s internal processes;

    40.  Supports the normalisation of relations between Armenia and Türkiye in the interests of reconciliation, good neighbourly relations, regional stability and security and socio-economic development, and welcomes the progress achieved so far; welcomes the continued efforts to restore links between the two countries; urges Türkiye to ensure the speedy implementation of agreements reached by the Turkish and Armenian Governments’ special representatives, such as the opening of the airspace and the border between the two countries for the third country nationals, and, subsequently, for holders of diplomatic passports; welcomes the temporary opening of the Margara-Alican border crossing between Armenia and Türkiye to facilitate the delivery of humanitarian aid to Syria; expresses the hope that these developments may give impetus to the normalisation of relations in the South Caucasus region, also in terms of security and socio-economic development, and stresses the EU’s interest in supporting this process; encourages Türkiye to play a constructive role in promoting regional stability by facilitating the swift conclusion of the peace process between Armenia and Azerbaijan, inter alia by exerting its influence on Azerbaijan and by deterring Azerbaijan from any further military action against Armenian sovereignty; encourages Türkiye once again to acknowledge the Armenian genocide in order to pave the way for genuine reconciliation between the Turkish and Armenian peoples and to fully respect its obligations to protect Armenian cultural heritage;

    41.  Notes that Türkiye’s stance in relation to Russia’s war of aggression against Ukraine continues to affect EU-Türkiye relations, as Türkiye attempts to maintain ties with both the West and Russia simultaneously; notes Türkiye’s diplomatic attempts to mediate between Russia and Ukraine, particularly regarding the Black Sea Grain Initiative, as well as its continued support for the territorial integrity and sovereignty of Ukraine, including its vote in favour of UN General Assembly resolutions condemning the Russian aggression against Ukraine; regrets that, on the other hand, trade between Türkiye and Russia has risen sharply since the start of the war in Ukraine, making Türkiye Russia’s second largest trading partner despite EU sanctions against Russia, and that Türkiye is the only NATO member state not having imposed any sanctions on Russia; further notes that the European Union’s anti-fraud office, OLAF, has initiated an investigation into a loophole that enables countries like Türkiye to rebrand sanctioned Russian oil and export it to the EU; welcomes, however, positive steps such as Türkiye’s blocking of exports to Russia for certain dual use goods, as well as products originating in the United States and the United Kingdom that are of benefit to Russian military action; reiterates its call on the Turkish Government to halt its plans for the Akkuyu Nuclear Power Plant, which will be built, operated and owned by Russia’s state atomic energy corporation, Rosatom; expresses concern at Türkiye’s ongoing discussions with Russia to establish a gas-trading hub in Istanbul, scheduled to begin operations in 2025;

    42.  Welcomes Türkiye’s participation in various crisis management missions and operations (within the framework of the common security and defence policy); regrets, however, the further deterioration in the level of alignment on common foreign and security policy positions, including on sanctions and countering the circumvention of sanctions, which has fallen to a historically low rate of 5 %, the lowest rate for any accession country; recalls that EU candidate countries are required to progressively align with the common foreign and security policy of the European Union and comply with international law; regrets that Türkiye has not undertaken any steps in this regard, notably by failing to align with EU sanctions against Russia, and that in many areas of mutual interest the foreign policies of the EU and Türkiye are worryingly divergent; urges Türkiye to align with and fully implement the EU sanctions against Russia, including on anti-circumvention measures and to cooperate closely with the EU’s Sanctions Envoy;

    43.  Stresses the importance of reinforcing EU-Türkiye cooperation in global security matters, particularly in light of the changing geopolitical landscape and potential shifts in US foreign policy; expresses cautious hope that recent informal engagement, such as the participation of the Turkish Foreign Minister in the informal meeting of EU foreign affairs ministers in 2024, may provide an impetus towards better relations; acknowledges Türkiye’s key role as an ally in NATO and welcomes the Turkish Parliament’s decision to ratify Sweden’s NATO accession in January 2024; recalls, in this regard, that Türkiye has a key responsibility to foster stability at both regional and global levels and is expected to act in line with its NATO obligations, especially given the current geopolitical upheavals; encourages constructive engagement in a more structured and frequent political dialogue on foreign, security and defence policy to seek collaboration on convergent interests while working to reduce divergences, particularly with regard to removing persistent obstacles to the enhancement of a genuine relationship between the EU and NATO, including the acquisition from Russia of the S-400 air defence system; remains duly concerned that Türkiye continues to exclude a Member State from cooperation with NATO;

    44.  Welcomes Türkiye’s long-standing position in favour of a two-state solution for the Israeli-Palestinian conflict, its calls for a ceasefire in the Israel-Hamas war, and its ongoing efforts to supply humanitarian aid to Gaza throughout the conflict; deeply regrets, at the same time, the Turkish authorities’, including the President’s, active support for the EU-listed terror group Hamas and their stance on the attack against Israel on 7 October 2023, which the Turkish Government failed to condemn; points out that Türkiye’s open support for Hamas and its refusal to designate it a terrorist organisation is not compatible with the EU’s foreign and security policy; calls, therefore, for a revision of this position;

    45.  Notes with concern that Türkiye has asked to be a member of BRICS+ and been offered ‘partner country’ status, and is considering the same for the Shanghai Cooperation Organisation (SCO), where it holds the status of a dialogue partner; expresses serious concern over Türkiye’s increasing interest in an alternative partnership framework, which is fundamentally incompatible with the EU accession process; insists that Türkiye’s new status as a BRICS partner country must not affect Türkiye’s responsibilities within NATO; notes that Türkiye has been cultivating cooperation formats, partnerships and regional alliances beyond the EU; is concerned by Türkiye’s tendency to use this multi-vector approach to advance its interests without committing to a full-fledged cooperation with any of these alliances;

    46.  Remains concerned by the Turkish Government’s use of the Turkish diaspora as an instrument for occasional meddling in EU Member States’ domestic policies;

    Socio-economic and sustainability reforms

    47.  Welcomes Türkiye’s return to a more conventional economic and monetary policy, while maintaining robust growth and a moderate budget deficit; regrets, however, that the cost of this is yet again being borne by citizens in the form of higher interest rates; highlights that social vulnerabilities have increased, particularly among children and older people, primarily due to the absence of a comprehensive poverty reduction strategy and income inequalities; underlines the necessity for the Turkish authorities to implement comprehensive social protection measures, strengthen collective bargaining rights and ensure that economic reforms prioritise reducing inequality and creating decent work opportunities;

    48.  Regrets the fact that despite the progress observed in economic and monetary policies, other actions by the Turkish Government affecting the rule of law continue to undermine basic principles such as legal certainty, which impacts negatively on Türkiye’s potential capacity to receive investments; welcomes the removal of Türkiye from the grey list of the Financial Action Task Force (FATF) in June 2024, following significant progress in improving its anti-money laundering regime and combating the financing of terrorism;

    49.  Welcomes Türkiye’s increased investment activity in the green energy sector and calls on Türkiye to continue improving the compatibility of its energy policy with the EU acquis, exploiting Türkiye’s enormous potential in renewable energy; expresses concern about the lack of any significant progress on climate action, in particular owing to the absence of a comprehensive climate law, a domestic emissions trading system, and a long-term low-emission development strategy, which undermines its 2053 climate neutrality target; highlights the need for a robust legal framework and stricter enforcement mechanisms to safeguard environmental and natural resources; urges Türkiye to align its environmental policies with the EU acquis, including respecting natural habitats when conducting mining projects, and underlines the importance of Türkiye’s adherence to the Aarhus Convention; commends the work of environmental rights defenders in Türkiye and warns against the dire environmental impact of extensive government projects, such as the expansion of its copper mining activities in Mount Ida (Kaz Daglari);

    50.  Highlights the fact that Türkiye has taken steps to diversify energy supplies and increase its renewable energy share; notes that the country is the seventh largest LNG market and highlights its potential as a regional energy hub; takes note that Türkiye has subscribed to the global goals on energy efficiency and renewable energy capacity by 2030; calls on the Commission to take into account Türkiye’s potential as a regional energy hub in initiatives to increase the installed renewable capacity in the Mediterranean region and in the development of the New Pact for the Mediterranean, and calls for energy cooperation to be part of the common agenda;

    51.  Observes some improvements in labour market conditions and points out a number of pending critical challenges, such as informal employment, the gender gap, and income inequality; is worried about the low coverage of collective bargaining and the lack of recognition of trade union rights for certain public sector employees; believes that more efforts are needed to enhance social dialogue mechanisms and address emerging occupational safety challenges; recalls that trade union freedom and social dialogue are crucial to the development and prosperity of a pluralistic society; deplores, in this regard, the recent detentions of trade unionists including Remzi Çalişkan, vice-president of the DISK confederation, and president of Genel-Iş, who was released after a month in prison, Kemal Göksoy, President of the Mersin Branch of Genel-İş, who remains in prison, and Mehmet Türkmen, chair of the textile sector union BİRTEK SEN, who was detained on 14 February 2025;

    Wider EU-Türkiye relations

    52.  Reiterates its firm conviction that, beyond the currently frozen accession process, Türkiye is a country of strategic relevance, a key partner for the stability of the wider region and plays an important role in addressing security challenges, migration management, counterterrorism, and energy security; stresses the importance of maintaining constructive dialogue and deepening cooperation in areas of mutual strategic interest; points towards a number of policy areas for future engagement, whether it be the green transition, trade, energy, a modernised customs union and visa liberalisation, among others; recalls, however, that democratic backsliding and non-alignment with the CFSP are not conducive to significant progress being made in that regard; reaffirms that the EU is committed to pursuing the best possible relations with Türkiye, based on dialogue, respect and mutual trust, in line with international law and good neighbourly relations;

    53.  Stresses the importance of encouraging deeper partnership in all economic sectors, to the benefit of the EU and all of its Member States and Türkiye; notes in particular the importance of cooperation in the fields of energy, innovation, artificial intelligence, health, security and migration management, among others; in this regard, notes that various high-level dialogues (HLDs) were held recently, including the HLD on trade and the HLD on economy, as steps towards pragmatic forms of cooperation in areas of mutual importance; calls again for the resumption of all relevant HLDs and for the establishment of structured HLDs on sectoral cooperation, to address common challenges and explore opportunities, on the condition that such cooperation must go hand-in-hand with clear and consistent conditionality grounded in respect for democratic principles, the rule of law and fundamental rights, as previously underlined in this resolution;

    54.  Stands ready to support an upgraded customs union with a broader, mutually beneficial scope, which could encompass a wide range of areas of common interest, including digitalisation, Green Deal alignment for green energy policies, public procurement, sustainable development commitments, and due diligence, contributing to the economic security of both sides; supports accompanying this upgraded customs union with an efficient and effective dispute settlement mechanism; underlines the fact that for Parliament to give its consent at the end of the process, such a modernisation would need to be based on strong conditionality related to human rights and fundamental freedoms, respect for international law and good neighbourly relations, including Türkiye’s full implementation of the Additional Protocol on extending the Ankara Agreement to all Member States without exception and in a non-discriminatory fashion;

    55.  Notes with deep regret that no progress has been made by Türkiye towards meeting the required benchmarks for visa liberalisation; reiterates its willingness to start the visa liberalisation process as soon as the Turkish authorities fully fulfil the six clearly outstanding benchmarks in a non-discriminatory manner vis-à-vis all EU Member states while aligning with EU visa policy; regrets that Turkish citizens are facing problems with visa requests/applications to EU Member States owing to a marked increase in demand and fears of abuse of the system; recognises, however, the political commitment to improving access to visas and calls for intensified efforts on both sides to address the remaining technical and administrative barriers; calls on the EU Member States to increase the resources allocated to this matter; supports measures on visa facilitation, particularly with regard to business activities and Erasmus students; deeply regrets the constant attempts by the Turkish authorities to blame the EU for not making progress on this dossier, while not taking any necessary steps to comply with the remaining benchmarks; reminds Türkiye that the lack of tangible and cumulative progress on the pending conditions has a direct impact on business activities and Erasmus students; appreciates the invaluable contribution of Erasmus+ exchanges in providing rich cross-cultural educational opportunities; regrets, however, the poor oversight on the part of the Commission, exemplified by the Erasmus partnership with Gaziantep Islam Science and Technology University, whose leadership publicly expressed support for terrorist acts; calls on the Commission to ensure that partner universities respect the EU Charter of Fundamental Rights by conducting ex ante verifications and regular controls;

    The way forward for EU-Türkiye relations

    56.  Considers, in view of the above, that the Turkish Government has failed to take the necessary steps to address the existing fundamental democratic shortcomings within the country and therefore reiterates its view that Türkiye’s EU accession process cannot be resumed in the current circumstances, despite the democratic and pro-European aspirations of a large part of Turkish society; recalls that, as in the case of any other candidate, the accession process is contingent on full compliance with the Copenhagen criteria and on the normalisation of relations with all EU Member States;

    57.  Urges the Turkish Government and the EU institutions and Member States to continue working, beyond the currently frozen accession process, on the basis of the relevant Council and European Council conclusions and the established conditionality, towards a closer, more dynamic and strategic partnership with particular emphasis on climate action, energy security, counter-terrorism cooperation and regional stability; insists on the need to begin a process of reflection on how this new constructive and progressive framework for EU-Türkiye relations can encompass the interests of all parties involved, for example by modernising and enhancing the current Association Agreement; underlines that such a positive process must be based on and matched by tangible progress in Türkiye as regards CFSP alignment, democracy, the rule of law and respect for fundamental values;

    58.  Considers the joint communication of 29 November 2023 on the state of play of EU-Türkiye relations a good basis on which to move forward in the overall relations between the EU and Türkiye; regrets the lack of a clear political endorsement of this joint communication so far by the Council; reiterates that recognition of all EU Member States is a necessary component of any agreement between the EU and Türkiye; stresses that Türkiye’s constructive engagement, including in relation to the Cyprus problem, remains key to advancing closer cooperation between the EU and Türkiye;

    59.  Warns, nevertheless, that a further drift towards authoritarianism by the Turkish authorities, such as we have been witnessing recently, will ultimately have a severe impact on all dimensions of EU-Türkiye relations, including trade and security cooperation, as it prevents the trust and reliability needed between partners and antagonises both sides in the current geopolitical scene;

    60.  Continues to acknowledge and commend the democratic and pro-European aspirations of the majority of Turkish society (particularly among Turkish youth), whom the EU will not forsake; regards these aspirations as a major reason for keeping Türkiye’s accession process alive; calls therefore on the Commission to uphold and increase its political and financial support to the vibrant and pro-democratic civil society in Türkiye, whose efforts can contribute to generating the political will necessary for deepening EU-Türkiye relations; highlights, nevertheless, that the resumption of the accession process depends on the unwavering political will of Türkiye’s authorities and society to become a full-fledged democracy, which cannot be forced upon it by the EU;

    61.  Reiterates its call to strengthen and deepen mutual knowledge and understanding between our societies, promoting cultural growth, socio-cultural exchanges and combating all manifestations of social, religious, ethnic or cultural prejudice; encourages Türkiye and the EU to promote shared values, particularly by supporting young people; reiterates its utmost commitment to sustaining and increasing support for Türkiye’s independent civil society;

    o
    o   o

    62.  Instructs its President to forward this resolution to the President of the European Council, the Council and the Commission; asks that this resolution be translated into Turkish and forwarded to the President, Government and Parliament of the Republic of Türkiye.

    (1) OJ L 134, 7.5.2014, p. 3, ELI: http://data.europa.eu/eli/agree_internation/2014/252/oj.
    (2) OJ C, C/2024/1760, 22.3.2024, ELI: http://data.europa.eu/eli/C/2024/1760/oj.
    (3) OJ C 493, 27.12.2022, p. 2.
    (4) OJ C 425, 20.10.2021, p. 143.
    (5) OJ C, C/2024/6746, 26.11.2024, ELI: http://data.europa.eu/eli/C/2024/6746/oj.
    (6) OJ C 328, 6.9.2016, p. 2.
    (7) OJ C 465, 6.12.2022, p. 112.
    (8) OJ C, C/2025/206, 14.1.2025, ELI: http://data.europa.eu/eli/C/2025/206/oj.
    (9) Texts adopted, P10_TA(2025)0016.

    MIL OSI Europe News

  • MIL-OSI Europe: Text adopted – Discharge 2023: Joint Undertakings – P10_TA(2025)0089 – Wednesday, 7 May 2025 – Strasbourg

    Source: European Parliament

    Texts adopted
     296k  91k
    Wednesday, 7 May 2025 – Strasbourg
    Discharge 2023: Joint Undertakings

    1. European Parliament decision of 7 May 2025 on discharge in respect of the implementation of the budget of the Clean Aviation Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Clean Aviation Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Grants the Executive Director of the Clean Aviation Joint Undertaking discharge in respect of the implementation of the Joint Undertaking’s budget for the financial year 2023;

    2.  Sets out its observations in the resolution below;

    3.  Instructs its President to forward this decision and the resolution forming an integral part of it to the Executive Director of the Clean Aviation Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for their publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    2. European Parliament decision of 7 May 2025 on the closure of the accounts of the Clean Aviation Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Clean Aviation Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Approves the closure of the accounts of the Clean Aviation Joint Undertaking for the financial year 2023;

    2.  Instructs its President to forward this decision to the Executive Director of the Clean Aviation Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    3. European Parliament decision of 7 May 2025 on discharge in respect of the implementation of the budget of the Circular Bio-based Europe Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Circular Bio-based Europe Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Grants the Executive Director of the Circular Bio-based Europe Joint Undertaking discharge in respect of the implementation of the Joint Undertaking’s budget for the financial year 2023;

    2.  Sets out its observations in the resolution below;

    3.  Instructs its President to forward this decision and the resolution forming an integral part of it to the Executive Director of the Circular Bio-based Europe Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for their publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    4. European Parliament decision of 7 May 2025 on the closure of the accounts of the Circular Bio-based Europe Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Circular Bio-based Europe Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Approves the closure of the accounts of the Circular Bio-based Europe Joint Undertaking for the financial year 2023;

    2.  Instructs its President to forward this decision to the Executive Director of the Circular Bio-based Europe Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    5. European Parliament decision of 7 May 2025 on discharge in respect of the implementation of the budget of the Clean Hydrogen Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Clean Hydrogen Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Grants the Executive Director of the Clean Hydrogen Joint Undertaking discharge in respect of the implementation of the Joint Undertaking’s budget for the financial year 2023;

    2.  Sets out its observations in the resolution below;

    3.  Instructs its President to forward this decision and the resolution forming an integral part of it to the Executive Director of the Clean Hydrogen Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for their publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    6. European Parliament decision of 7 May 2025 on the closure of the accounts of the Clean Hydrogen Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Clean Hydrogen Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Approves the closure of the accounts of the Clean Hydrogen Joint Undertaking for the financial year 2023;

    2.  Instructs its President to forward this decision to the Executive Director of the Clean Hydrogen Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    7. European Parliament decision of 7 May 2025 on discharge in respect of the implementation of the budget of the Europe’s Rail Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Europe’s Rail Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Grants the Executive Director of the Europe’s Rail Joint Undertaking discharge in respect of the implementation of the Joint Undertaking’s budget for the financial year 2023;

    2.  Sets out its observations in the resolution below;

    3.  Instructs its President to forward this decision and the resolution forming an integral part of it to the Executive Director of the Europe’s Rail Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for their publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    8. European Parliament decision of 7 May 2025 on the closure of the accounts of the Europe’s Rail Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Europe’s Rail Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union (recast)(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Approves the closure of the accounts of the Europe’s Rail Joint Undertaking for the financial year 2023;

    2.  Instructs its President to forward this decision to the Executive Director of the Europe’s Rail Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    9. European Parliament decision of 7 May 2025 on discharge in respect of the implementation of the budget of the European High Performance Computing Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the European High Performance Computing Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union (recast)(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/1173 of 13 July 2021 on establishing the European High Performance Computing Joint Undertaking and repealing Regulation (EU) 2018/1488(5), and in particular Article 19 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Grants the Executive Director of the European High Performance Computing Joint Undertaking discharge in respect of the implementation of the Joint Undertaking’s budget for the financial year 2023;

    2.  Sets out its observations in the resolution below;

    3.  Instructs its President to forward this decision and the resolution forming an integral part of it to the Executive Director of the European High Performance Computing Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for their publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 256, 19.7.2021, p. 3, ELI: https://eur-lex.europa.eu/eli/reg/2021/1173/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    10. European Parliament decision of 7 May 2025 on the closure of the accounts of the European High Performance Computing Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the European High Performance Computing Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union (recast)(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/1173 of 13 July 2021 on establishing the European High Performance Computing Joint Undertaking and repealing Regulation (EU) 2018/1488(5), and in particular Article 19 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Approves the closure of the accounts of the European High Performance Computing Joint Undertaking for the financial year 2023;

    2.  Instructs its President to forward this decision to the Executive Director of the European High Performance Computing Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 256, 19.7.2021, p. 3, ELI: https://eur-lex.europa.eu/eli/reg/2021/1173/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    11. European Parliament decision of 7 May 2025 on discharge in respect of the implementation of the budget of the European Joint Undertaking for ITER and the Development of Fusion Energy for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the European Joint Undertaking for ITER and the Development of Fusion Energy for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Article 106a of the Treaty establishing the European Atomic Energy Community,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 70 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 70 thereof,

    –  having regard to Council Decision No 2007/198/Euratom of 27 March 2007 establishing the European Joint Undertaking for ITER and the Development of Fusion Energy and conferring advantages upon it(5), and in particular Article 5 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/715 of 18 December 2018 on the framework financial regulation for the bodies set up under the TFEU and Euratom Treaty and referred to in Article 70 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Grants the Director of the European Joint Undertaking for ITER and the Development of Fusion Energy discharge in respect of the implementation of the Joint Undertaking’s budget for the financial year 2023;

    2.  Sets out its observations in the resolution below;

    3.  Instructs its President to forward this decision and the resolution forming an integral part of it to the Director of the European Joint Undertaking for ITER and the Development of Fusion Energy, the Council, the Commission and the Court of Auditors, and to arrange for their publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 90, 30.3.2007, p. 58, ELI: http://data.europa.eu/eli/dec/2007/198/oj.
    (6) OJ L 122, 10.5.2019, p. 1, ELI: http://data.europa.eu/eli/reg_del/2019/715/oj.

    12. European Parliament decision of 7 May 2025 on the closure of the accounts of the European Joint Undertaking for ITER and the Development of Fusion Energy for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the European Joint Undertaking for ITER and the Development of Fusion Energy for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Article 106a of the Treaty establishing the European Atomic Energy Community,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 70 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 70 thereof,

    –  having regard to Council Decision No 2007/198/Euratom of 27 March 2007 establishing the European Joint Undertaking for ITER and the Development of Fusion Energy and conferring advantages upon it(5), and in particular Article 5 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/715 of 18 December 2018 on the framework financial regulation for the bodies set up under the TFEU and Euratom Treaty and referred to in Article 70 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council,(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Approves the closure of the accounts of the European Joint Undertaking for ITER and the Development of Fusion Energy for the financial year 2023;

    2.  Instructs its President to forward this decision to the Director of the European Joint Undertaking for ITER and the Development of Fusion Energy, the Council, the Commission and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 90, 30.3.2007, p. 58, ELI: http://data.europa.eu/eli/dec/2007/198/oj.
    (6) OJ L 122, 10.5.2019, p. 1, ELI: http://data.europa.eu/eli/reg_del/2019/715/oj.

    13. European Parliament decision of 7 May 2025 on discharge in respect of the implementation of the budget of the Global Health EDCTP3 Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Global Health EDCTP3 Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Grants the Executive Director of the Global Health EDCTP3 Joint Undertaking discharge in respect of the implementation of the Joint Undertaking’s budget for the financial year 2023;

    2.  Sets out its observations in the resolution below;

    3.  Instructs its President to forward this decision and the resolution forming an integral part of it to the Executive Director of the Global Health EDCTP3 Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for their publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    14. European Parliament decision of 7 May 2025 on the closure of the accounts of the Global Health EDCTP3 Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Global Health EDCTP3 Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Approves the closure of the accounts of the Global Health EDCTP3 Joint Undertaking for the financial year 2023;

    2.  Instructs its President to forward this decision to the Executive Director of the Global Health EDCTP3 Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    15. European Parliament decision of 7 May 2025 on discharge in respect of the implementation of the budget of the Innovative Health Initiative Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Innovative Health Initiative Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Grants the Executive Director of the Innovative Health Initiative Joint Undertaking discharge in respect of the implementation of the Joint Undertaking’s budget for the financial year 2023;

    2.  Sets out its observations in the resolution below;

    3.  Instructs its President to forward this decision and the resolution forming an integral part of it to the Executive Director of the Innovative Health Initiative Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for their publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    16. European Parliament decision of 7 May 2025 on the closure of the accounts of the Innovative Health Initiative Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Innovative Health Initiative Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Approves the closure of the accounts of the Innovative Health Initiative Joint Undertaking for the financial year 2023;

    2.  Instructs its President to forward this decision to the Executive Director of the Innovative Health Initiative Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    17. European Parliament decision of 7 May 2025 on discharge in respect of the implementation of the budget of the Chips Joint Undertaking (before 21.9.2023 Key Digital Technologies Joint Undertaking) for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Chips Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regarding to Council Regulation (EU) 2023/1782 of 25 July 2023 amending Regulation (EU) 2021/2085 establishing the Joint Undertakings under Horizon Europe, as regards the Chips Joint Undertaking,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Grants the Executive Director of the Chips Joint Undertaking discharge in respect of the implementation of the Joint Undertaking’s budget for the financial year 2023;

    2.  Sets out its observations in the resolution below;

    3.  Instructs its President to forward this decision and the resolution forming an integral part of it to the Executive Director of the Chips Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for their publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    18. European Parliament decision of 7 May 2025 on the closure of the accounts of the Chips Joint Undertaking (before 21.9.2023 Key Digital Technologies Joint Undertaking) for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Chips Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regarding to Council Regulation (EU) 2023/1782 of 25 July 2023 amending Regulation (EU) 2021/2085 establishing the Joint Undertakings under Horizon Europe, as regards the Chips Joint Undertaking,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Approves the closure of the accounts of the Chips Joint Undertaking for the financial year 2023;

    2.  Instructs its President to forward this decision to the Executive Director of the Chips Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    19. European Parliament decision of 7 May 2025 on discharge in respect of the implementation of the budget of the Single European Sky ATM Research 3 Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Single European Sky ATM Research 3 Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Grants the Executive Director of the Single European Sky ATM Research 3 Joint Undertaking discharge in respect of the implementation of the Joint Undertaking’s budget for the financial year 2023;

    2.  Sets out its observations in the resolution below;

    3.  Instructs its President to forward this decision and the resolution forming an integral part of it to the Executive Director of the Single European Sky ATM Research 3 Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for their publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    20. European Parliament decision of 7 May 2025 on the closure of the accounts of the Single European Sky ATM Research 3 Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Single European Sky ATM Research 3 Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Approves the closure of the accounts of the Single European Sky ATM Research 3 Joint Undertaking for the financial year 2023;

    2.  Instructs its President to forward this decision to the Executive Director of the Single European Sky ATM Research 3 Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    21. European Parliament decision of 7 May 2025 on discharge in respect of the implementation of the budget of the Smart Networks and Services Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Smart Networks and Services Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Grants the Executive Director of the Smart Networks and Services Joint Undertaking discharge in respect of the implementation of the Joint Undertaking’s budget for the financial year 2023;

    2.  Sets out its observations in the resolution below;

    3.  Instructs its President to forward this decision and the resolution forming an integral part of it to the Executive Director of the Smart Networks and Services Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for their publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    22. European Parliament decision of 7 May 2025 on the closure of the accounts of the Smart Networks and Services Joint Undertaking for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to the final annual accounts of the Smart Networks and Services Joint Undertaking for the financial year 2023,

    –  having regard to the Court of Auditors’ annual report on the EU Joint Undertakings for the financial year 2023, together with the Joint Undertakings’ replies(1),

    –  having regard to the statement of assurance(2) as to the reliability of the accounts and the legality and regularity of the underlying transactions provided by the Court of Auditors for the financial year 2023, pursuant to Article 287 of the Treaty on the Functioning of the European Union,

    –  having regard to the Council’s recommendation of 17 February 2025 on discharge to be given to the Joint Undertaking in respect of the implementation of the budget for the financial year 2023 (05757/2025 – C10‑0025/2025),

    –  having regard to Article 319 of the Treaty on the Functioning of the European Union,

    –  having regard to Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012(3), and in particular Article 71 thereof,

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union(4), and in particular Article 71 thereof,

    –  having regard to Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(5), and in particular Article 26 thereof,

    –  having regard to Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(6),

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    1.  Approves the closure of the accounts of the Smart Networks and Services Joint Undertaking for the financial year 2023;

    2.  Instructs its President to forward this decision to the Executive Director of the Smart Networks and Services Joint Undertaking, the Council, the Commission and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series).

    (1) OJ C, C/2024/6841, 13.11.2024, ELI: http://data.europa.eu/eli/C/2024/6841/oj.
    (2) OJ C, C/2024/6041, 10.10.2024, ELI: http://data.europa.eu/eli/C/2024/6041/oj.
    (3) OJ L 193, 30.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg/2018/1046/oj.
    (4) OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (5) OJ L 427, 30.11.2021, p. 17, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (6) OJ L 142, 29.5.2019, p. 16, ELI: http://data.europa.eu/eli/reg_del/2019/887/oj.

    23. European Parliament resolution of 7 May 2025 with observations forming an integral part of the decisions on discharge in respect of the implementation of the budget of the EU joint undertakings for the financial year 2023 (2024/2031(DEC))

    The European Parliament,

    –  having regard to its decision on discharge in respect of the implementation of the budget of the Clean Aviation Joint Undertaking for the financial year 2023,

    –  having regard to its decision on discharge in respect of the implementation of the budget of the Circular Bio-based Europe Joint Undertaking for the financial year 2023,

    –  having regard to its decision on discharge in respect of the implementation of the budget of the Clean Hydrogen Joint Undertaking for the financial year 2023,

    –  having regard to its decision on discharge in respect of the implementation of the budget of the Europe’s Rail Joint Undertaking for the financial year 2023,

    –  having regard to its decision on discharge in respect of the implementation of the budget of the European High Performance Computing Joint Undertaking for the financial year 2023,

    –  having regard to its decision on discharge in respect of the implementation of the budget of the European Joint Undertaking for ITER and the Development of Fusion Energy for the financial year 2023,

    –  having regard to its decision on discharge in respect of the implementation of the budget of the Global Health EDCTP3 Joint Undertaking for the financial year 2023,

    –  having regard to its decision on discharge in respect of the implementation of the budget of the Innovative Health Initiative Joint Undertaking for the financial year 2023,

    –  having regard to its decision on discharge in respect of the implementation of the budget of the Chips Joint Undertaking for the financial year 2023,

    –  having regard to its decision on discharge in respect of the implementation of the budget of the Single European Sky ATM Research 3 Joint Undertaking for the financial year 2023,

    –  having regard to its decision on discharge in respect of the implementation of the budget of the Smart Networks and Services Joint Undertaking for the financial year 2023,

    –  having regard to Rule 102 of and Annex V to its Rules of Procedure,

    –  having regard to the opinion of the Committee on Transport and Tourism,

    –  having regard to the report of the Committee on Budgetary Control (A10-0056/2025),

    A.  whereas the Single European Sky ATM Research 3 Joint Undertaking, the Clean Aviation Joint Undertaking, the Innovative Health Initiative Joint Undertaking, the Clean Hydrogen Joint Undertaking, the Circular Bio-based Europe Joint Undertaking, the Europe’s Rail Joint Undertaking, the Smart Networks and Services Joint Undertaking and the Global Health EDCTP3 Joint Undertaking were set up by Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014(1), the latter being referred to as the Single Basic Act (SBA);

    B.  whereas the Key Digital Technologies Joint Undertaking was set up by Council Regulation (EU) 2021/2085 of 19 November 2021 establishing the Joint Undertakings under Horizon Europe and repealing Regulations (EC) No 219/2007, (EU) No 557/2014, (EU) No 558/2014, (EU) No 559/2014, (EU) No 560/2014, (EU) No 561/2014 and (EU) No 642/2014; whereas the Key Digital Technologies Joint Undertaking was transformed into the Chips Joint Undertaking in July 2023 pursuant to Council Regulation (EU) 2023/1782 of 25 July 2023 amending Regulation (EU) 2021/2085 establishing the Joint Undertakings under Horizon Europe, as regards the Chips Joint Undertaking(2);

    C.  whereas the European Joint Undertaking for ITER and the Development of Fusion Energy was established in April 2007 by the Council Decision of 27 March 2007 establishing the European Joint Undertaking for ITER and the Development of Fusion Energy and conferring advantages upon it (2007/198/Euratom)(3);

    D.  whereas the European High-Performance Computing Joint Undertaking was set up by Council Regulation (EU) 2021/1173 of 13 July 2021 on establishing the European High Performance Computing Joint Undertaking and repealing Regulation (EU) 2018/1488(4);

    E.  whereas the Single European Sky ATM Research 3 Joint Undertaking is a public-private partnership for the development of modernised air traffic management (ATM) in Europe and for the acceleration through research and innovation of the delivery of the Digital European Sky;

    F.  whereas the Clean Aviation Joint Undertaking is a public-private partnership focusing on research and innovation in order to transform aviation towards a sustainable and climate neutral future;

    G.  whereas the Innovative Health Initiative Joint Undertaking is a public-private partnership focusing on interdisciplinary, sustainable, and patient-centric health research and innovation;

    H.  whereas the Clean Hydrogen Joint Undertaking is a public-private partnership in the field of hydrogen and fuel cells technology research and innovation;

    I.  whereas the Chips Joint Undertaking is a public-private partnership focusing on research and innovation in key digital technologies essential for Europe’s competitive leadership in digital economy, in particular in the electronic components and systems sector;

    J.  whereas the Circular Bio-based Europe Joint Undertaking is a public-private partnership focusing on research and innovation for a sustainable and competitive circular bio-based industries sector;

    K.  whereas the Europe’s Rail Joint Undertaking is a public-private partnership for research and innovation in the railway sector;

    L.  whereas the European High-Performance Computing Joint Undertaking is a public-private partnership enabling the pooling of resources for the development and deployment of high-performance computing in Europe;

    M.  whereas the Smart Networks and Services Joint Undertaking is a public-private partnership focusing on strengthening Europe’s technological leadership and its strategic alignment with the telecommunications industry and fostering the uptake of digital solutions;

    N.  whereas the Global Health EDCTP3 Joint Undertaking is a public-private partnership focusing on reducing the socioeconomic burden of infectious diseases in sub-Saharan Africa thanks to new and improved health technological applications as well as improving the preparedness and response to infectious diseases for global purposes;

    O.  whereas the aim of the European Joint Undertaking for ITER and the Development of Fusion Energy is to provide the Union’s contribution to the ITER international fusion energy project, to implement the broader approach agreement between Euratom and Japan, and to prepare for the construction of a demonstration fusion reactor and related facilities;

    General

    1.  Notes that the role of the joint undertakings should be to support research and innovation activities in the areas of transport, energy, health, circular bio-based industries, key electronic components, supercomputing, and network systems; calls on the joint undertakings to promote the transformation of scientific knowledge into marketable innovations, and to establish mechanisms to ensure that their activity leads to an increase in European competitiveness in the world;

    2.  Underlines that under the current multiannual financial framework, according to the Court of Auditors (the ‘Court’), joint undertakings are expected to receive a combined budget of EUR 17 billion from the Union cash contribution and to leverage EUR 21,1 billion of contributions from other members;

    3.  Notes that the nature of joint undertakings is based on public-private partnerships that steer investment and leverage public and private funds to fund common goals; reminds, in that regard, that the contributions of private members must meet established targets in order for such partnerships to remain mutually beneficial; calls on joint undertakings which allow in-kind contributions to additional activities (IKAA) to avoid, where possible, an excessive reliance on such contributions in order to meet established targets;

    4.  Acknowledges the significant contributions of the joint undertakings in advancing research, innovation, and technology development across various sectors, including aviation, rail, and air traffic management, as integral to achieving the Union’s strategic objectives of sustainability, digital transformation, and competitiveness.

    5.  Welcomes the annual report of the Court on the European Union’s joint undertakings for the financial year 2023 (the ‘Court’s report’); underlines that the mission of the Court is crucial for the sound implementation of the Union budget and for oversight of the budget;

    6.  Welcomes the fact that the Court provided the discharge authority with an annual report on EU Joint Undertakings which contains a specific statement of assurance for each of the joint undertakings as regards their annual accounts and underlying transactions; shares the view that in addition to the legal provisions binding the Court, the institutional framework of joint undertakings renders these worthy of specific attention from the Court; calls for the continuation of this good practice; welcomes the good cooperation of joint undertakings with the Court during the drafting of the Court’s report and welcomes the explanations provided on some of the observations and emphases of matter made in the replies provided by the joint undertakings;

    7.  Welcomes the fact that two joint undertakings attained financial autonomy during the financial year 2023, namely the Smart Networks and Services Joint Undertaking on 24 October 2023 and the Global Health EDCTP3 Joint Undertaking on 23 November 2023; notes furthermore that as a result, the Court audited these two joint undertakings for the first time, in addition to the nine joint undertakings the Court had already audited for the financial year 2022;

    8.  Stresses its awareness that some joint undertakings were affected significantly during the financial year 2023 by important events with an impact likely to alter their performance; emphasises, more precisely, that:

       (a) Russia’s war of aggression against Ukraine has had a significant impact on the Union economy and on supply chains, affecting greatly the activities of some joint undertakings;
       (b) the aftermath of the COVID-19 pandemic is still felt throughout Europe today and during the financial year 2023, still constituted a massive shock to economic and administrative activities;
       (c) the high levels of inflation caused by the two aforementioned events had an impact on the supplies and delivery time for the joint undertakings;

    9.  Acknowledges the benefits of joint undertakings, the importance of public-private cooperation in fostering innovation, promoting research and development and the economic benefits of the partnerships; notes that by pooling resources and expertise from both sectors, public and private, joint undertakings can face the challenges more effectively; underlines the importance of transparency, accountability and efficient use of public funds by joint undertakings;

    10.  Recognises the value of initiatives fostering stakeholder engagement and participation, such as open calls for expressions of interest and joint calls across the joint undertakings, as instrumental in leveraging the collective expertise and resources; draws particular attention to the joint call for proposals launched by Europe’s Rail Joint Undertaking and the Single European Sky ATM Research 3 Joint Undertaking – the first joint call of its kind from joint undertakings aimed at developing an integrated air and rail network for a sustainable multimodal transport system;

    11.  Recalls that joint undertakings must conduct their operations according to sound financial management, thereby contributing effectively to Union policy objectives as well as to the sound implementation of the Union budget; nevertheless is concerned with a series of elements, in light of the findings of the Court, as presented in this resolution;

    Annual accounts

    12.  Notes that the Court’s report finds that the 2023 annual accounts of the eleven joint undertakings audited present fairly, in all material respects, their financial position as of 31 December 2023, the results of their operations and cash flows, and changes in net assets for the year ended, in accordance with their financial regulations and the accounting rules adopted by the Commission’s accounting officer; notes furthermore that as a result, the Court issued unqualified audit opinions on the reliability of the annual accounts of the joint undertakings;

    13.  Notes that the Court’s report finds that the underlying transactions to the annual accounts are legal and regular in all material respects; notes furthermore that as a result, the Court issued unqualified audit opinions on the legality and regularity of both the revenue and the payments underlying the accounts of the joint undertakings;

    14.  Takes note of the fact that, in the view of the Court, insufficient guidance was provided to the Smart Networks and Services Joint Undertaking and the Global Health EDCTP3 Joint Undertaking on their first-time annual accounts, especially as regards the need for clarity in distinguishing the financial resources managed by the Commission before they attained their financial autonomy and by the joint undertakings after they attained it; echoes the Court’s recommendation for action in this regard which recommends that accounting guidelines should be developed in a clear and comprehensible way which should specify the rules for the presentation of the first annual accounts of new joint undertakings and that these guidelines should include instructions on how to separate the financial resources implemented by the Commission from those implemented by a joint undertaking after it attained its financial autonomy; notes that the risk to the reliability of annual accounts was deemed to be low for all joint undertakings except for the Smart Networks and Services Joint Undertaking and the Global Health EDCTP3 Joint Undertaking, for which the risk to reliability was deemed to be medium, due to the complexities brought about by the transfer of budget appropriations and assets from the responsibility of the Commission to the responsibility of the joint undertaking;

    15.  Takes note of the fact that the annual accounts of the European Joint Undertaking for ITER and the Development of Fusion Energy are produced on the basis of the baseline of the ITER project in place in 2023 but that the latter is the subject of an ongoing revision, the result of which is likely to result in significant changes for the European Joint Undertaking for ITER and the Development of Fusion Energy and its estimated total cost at completion; underlines that the joint undertaking concerned should take all actions necessary to ensure that the future baseline and its consequences for the need for Union cash contributions to the joint undertaking do not constitute a liability for the Union budget; notes from the hearing of the joint undertaking concerned in the Committee on Budgetary Control that at the time of the hearing and according to the joint undertaking concerned, it was too early to provide an estimate of the financial impact of this revision; is furthermore concerned by the delays impacting the ITER project, due to factors beyond the joint undertaking’s control;

    16.  Is concerned by the potential impact that the reorganisation of the European Joint Undertaking for ITER and the Development of Fusion Energy will have on its activities, notably the short to medium-term instabilities and operational risks for the joint undertaking; welcomes the awareness of the joint undertaking concerned of these issues and the explanation provided on its views on the situation; welcomes the additional information provided during the hearing of the joint undertaking concerned in the Committee on Budgetary Control, notably as regards the fact that the risk for business continuity has so far been mitigated thanks to a strong reliance on existing programmes and projects; welcomes the flexibility brought along by the new matrix structure;

    17.  Takes note of the fact that the risk to the legality and regularity of revenue was deemed to be low for all joint undertakings;

    Budgetary and financial management

    18.  Notes that the total available budget in 2023 for the eleven joint undertakings audited by the Court amounted to EUR 4,25 billion in commitment appropriations and EUR 3,87 billion in payment appropriations, according to the Court, which considers that the total available budget includes unused appropriations from previous years, which the joint undertakings entered again in the budget of the current year and assigned revenues and reallocations to the next year; notes more precisely that:

       (a) the total available budget in 2023 for the Single European Sky ATM Research 3 Joint Undertaking amounted to EUR 111,2 million in commitment appropriations (compared to EUR 158,8 million in 2022) and EUR 241,5 million in payment appropriations (compared to EUR 146,9 million in 2022); understands furthermore that according to the report on budgetary and financial management of the Single European Sky ATM Research 3 Joint Undertaking, its total budget execution rate for the financial year 2023 reached 92 % for commitment appropriations and 81 % for payment appropriations, indicating that there were no severe issues related to the pace of implementation of the budget; nevertheless stresses the low execution rate of its payment appropriations dedicated to infrastructure and operating expenditure, which reached 55 %; notes the explanation of the joint undertaking and generally calls on the joint undertaking to ensure a healthy pace of implementation for each section of its budget;
       (b) The total available budget in 2023 for the Clean Aviation Joint Undertaking amounted to EUR 269 million in commitment appropriations (compared to EUR 411,2 million in 2022) and EUR 486,4 million in payment appropriations (compared to EUR 415,3 million in 2022); understands furthermore that according to the report on budgetary and financial management of the Clean Aviation Joint Undertaking, its total budget execution rate for the financial year 2023 reached 98,58 % for commitment appropriations and 51,18 % for payment appropriations, indicating that there were serious issues related to the pace of implementation of the budget; notes in particular that the execution rates of its two operational expenditure titles stand at 80,50 % and 81,11 % respectively for payment appropriations; furthermore stresses the low execution rate of its payment appropriations dedicated to infrastructure expenditure, which reached 60,52 %; deeply regrets the important amount allocated to title 5 of its budget for unused payment appropriations of EUR 177 million, which has a technical execution rate of 0 %; notes the explanation of the joint undertaking and generally calls on the joint undertaking to ensure a healthy pace of implementation for each section of its budget;
       (c) The total available budget in 2023 for the Innovative Health Initiative Joint Undertaking amounted to EUR 223,2 million in commitment appropriations (compared to EUR 272,4 million in 2022) and EUR 225,9 million in payment appropriations (compared to EUR 174,8 million in 2022); understands furthermore that according to the report on budgetary and financial management of the Innovative Health Initiative Joint Undertaking, its total budget execution rate for the financial year 2023 reached 92,65 % for commitment appropriations and 90,29 % for payment appropriations, indicating that there were no severe issues related to the pace of implementation of the budget; nevertheless stresses the low execution rates of its commitment and payment appropriations dedicated to infrastructure expenditure, which reached 68,67 % and 67,30 % respectively; notes the explanation of the joint undertaking and generally calls on the joint undertaking to ensure a healthy pace of implementation for each section of its budget;
       (d) The total available budget in 2023 for the Clean Hydrogen Joint Undertaking amounted to EUR 268,9 million in commitment appropriations (compared to EUR 314,3 million in 2022) and EUR 327,8 million in payment appropriations (compared to EUR 118,3 million in 2022); understands furthermore that according to the report on budgetary and financial management of the Clean Hydrogen Joint Undertaking, its total budget execution rate for the financial year 2023 reached 96,62 % for commitment appropriations and 85,43 % for payment appropriations, indicating that there were no severe issues related to the pace of implementation of the budget; nevertheless stresses the low execution rate of payment appropriations dedicated to its operational expenditure financed under Horizon 2020 which reached 69,41 %; moreover stresses the low execution rate of its commitment and payment appropriations dedicated to infrastructure expenditure, which reached 71,21 % and 60,60 % respectively; notes the explanations of the joint undertaking and generally calls on the joint undertaking to ensure a healthy pace of implementation for each section of its budget;
       (e) The total available budget in 2023 for the Chips Joint Undertaking amounted to EUR 835,7 million in commitment appropriations (compared to EUR 261,4 million in 2022) and EUR 518,4 million in payment appropriations (compared to EUR 222,2 million in 2022); understands furthermore that according to the report on budgetary and financial management of the Chips Joint Undertaking, its total budget execution rate for the financial year 2023 reached 100 % for commitment appropriations and 37 % for payment appropriations, indicating that there were serious issues related to the pace of implementation of the budget; in particular, stresses the extremely low execution rate of payment appropriations dedicated to operational expenditure, which reached 36 %; notes the explanation of the joint undertaking but deeply regrets such a low execution rate and generally calls on the joint undertaking to ensure a healthy pace of implementation for each section of its budget; takes note of the fact that these elements, in relation to the increased funding that the Chips Joint Undertaking benefited from in 2023 and which the Chips Joint Undertaking had to implement, led the Court to consider the risk to budget management to be medium for this joint undertaking;
       (f) The total available budget in 2023 for the Circular Bio-based Europe Joint Undertaking amounted to EUR 227,4 million in commitment appropriations (compared to EUR 264,2 million in 2022) and EUR 137,4 million in payment appropriations (compared to EUR 80,3 million in 2022); understands furthermore that according to the report on budgetary and financial management of the Circular Bio-based Europe Joint Undertaking, its total budget execution rate for the financial year 2023 reached 97,6 % for commitment appropriations and 90,3 % for payment appropriations, indicating that there were no severe issues related to the pace of implementation of the budget; nevertheless stresses the low execution rates of commitment and payment appropriations for the part of its administrative expenditure dedicated to salaries, which reached 64 % and 57 % respectively, as well as the low execution rate of payment appropriations for the part of its administrative expenditure dedicated to other administrative expenditure, which reached 54 %; notes the explanation of the joint undertaking and generally calls on the joint undertaking to ensure a healthy pace of implementation for each section of its budget;
       (g) The total available budget in 2023 for the Europe’s Rail Joint Undertaking amounted to EUR 102,6 million in commitment appropriations (compared to EUR 171,4 million in 2022) and EUR 120,3 million in payment appropriations (compared to EUR 180,8 million in 2022); understands furthermore that according to the report on budgetary and financial management of the Europe’s Rail Joint Undertaking, its total budget execution rate for the financial year 2023 reached 97 % for commitment appropriations and 82 % for payment appropriations, indicating that there were no severe issues related to the pace of implementation of the budget; nevertheless stresses the low execution rate of payment appropriations for the part of its operational expenditure financed under Horizon 2020, which reached 67 %; notes the explanation of the joint undertaking and generally calls on the joint undertaking to ensure a healthy pace of implementation for each section of its budget; points out that Europe’s Rail Joint Undertaking postponed final payments to 2024 due to technical issues experienced by beneficiaries; takes notice of the several projects that did not fully claim their budgets, reducing the need for operational payments by approximately EUR 4,1 million; calls on the joint undertaking concerned to elaborate a plan on how to improve the accounting reporting obligations; highlights the importance of supporting the joint undertaking given rail’s inherent advantages in terms of environmental performance, land use, energy consumption, and safety;
       (h) The total available budget in 2023 for the European High-Performance Computing Joint Undertaking amounted to EUR 1136 million in commitment appropriations (compared to EUR 1374,5 million in 2022) and EUR 1058 million in payment appropriations (compared to EUR 629,9 million in 2022); understands furthermore that according to the report on budgetary and financial management of the European High-Performance Computing Joint Undertaking, its total budget execution rate for the financial year 2023 reached 83% for commitment appropriations and 19 % for payment appropriations, indicating that there were serious issues related to the pace of implementation of the budget; in particular, stresses the extremely low execution rate of payment appropriations dedicated to operational expenditure, which reached 19 %; notes the explanation of the joint undertaking but deeply regrets such a low execution rate; moreover stresses the low execution rate of its commitment and payment appropriations dedicated to administrative expenditure, which reached 45 % and 42 % respectively; notes the explanation of the joint undertaking and generally calls on the joint undertaking to ensure a healthy pace of implementation for each section of its budget; takes note of the fact that these elements, in relation to the increased funding that the European High-Performance Computing Joint Undertaking benefited from in 2023 and which the European High-Performance Computing Joint Undertaking had to implement, led the Court to consider the risk to budget management to be medium for this joint undertaking; welcomes the additional information provided during the hearing of the joint undertaking concerned in the Committee on Budgetary Control on the reasons behind this slow execution rate;
       (i) The total available budget in 2023 for the Smart Networks and Services Joint Undertaking amounted to EUR 134,7 million in commitment appropriations and EUR 122,9 million in payment appropriations; understands furthermore that according to the report on budgetary and financial management of the Smart Networks and Services Joint Undertaking, its total budget execution rate for the financial year 2023 reached 99 % for commitment appropriations and 89 % for payment appropriations; deems that given the short period of time during which the joint undertaking had attained financial autonomy in the financial year 2023, there are no sufficient grounds on which the European Parliament could express its view on the quality of the financial management of the joint undertaking while doing so in good faith; nevertheless notes that due to this situation, the risk to the legality and regularity of administrative expenditure was deemed as medium for the joint undertaking;
       (j) The total available budget in 2023 for the Global Health EDCTP3 Joint Undertaking amounted to EUR 136,4 million in commitment appropriations and EUR 2,2 million in payment appropriations; understands furthermore that according to the report on budgetary and financial management of the Global Health EDCTP3 Joint Undertaking, its total budget execution rate for the financial year 2023 reached 100 % for commitment appropriations and 47 % for payment appropriations; deems that given the short period of time during which the joint undertaking had attained financial autonomy in the financial year 2023, there are no sufficient grounds on which the European Parliament could express its view on the quality of the financial management of the joint undertaking while doing so in good faith; nevertheless notes that due to this situation, the risk to the legality and regularity of administrative expenditure was deemed as medium for the joint undertaking;
       (k) The total available budget in 2023 for the European Joint Undertaking for ITER and the Development of Fusion Energy amounted to EUR 807 million in commitment appropriations (compared to EUR 981,2 million in 2022) and EUR 631,5 million in payment appropriations (compared to EUR 844 million in 2022); understands furthermore that according to the report on budgetary and financial management of the European Joint Undertaking for ITER and the Development of Fusion Energy, its total budget execution rate for the financial year 2023 reached 73 % for commitment appropriations and 95 % for payment appropriations, indicating that there were serious issues related to the pace of implementation of the budget; in particular, stresses the low execution rate of commitment appropriations dedicated to operational expenditure, which reached 70 %; notes the explanation of the joint undertaking and takes note of the resulting transfers made back to the initially planned Euratom and ITER Host State contributions and generally calls on the joint undertaking to ensure a healthy pace of implementation for each section of its budget; takes note of the fact that these elements, which are related to delays and implementation difficulties, led the Court to consider the risk to budget management to be medium for this joint undertaking;

    19.  Echoes the Court’s concerns as regards unused appropriations in the implementation of programmes of certain joint undertakings and calls on the joint undertakings concerned to avoid the reoccurrence of similar situations, as the accumulation of unused appropriations leads to cash surpluses, which are therefore not available to the Union for the financing of other activities and programmes; underlines that this is not in line with the principle of sound financial management and has resulted in a total of EUR 1,5 billion of cash surplus for the financial year 2023; echoes the Court’s recommendation for action in this regard which recommends that the joint undertakings concerned should develop corrective mechanisms to reduce their cash surpluses to a reasonable level and subsequently align their cash requests for each financial year with their estimated spending needs, in coordination with the Commission; is aware of possibilities under the financial rules of the joint undertakings concerned for unused appropriations to be entered in the estimate of revenue and expenditure of up to the three financial years following their reception; is nevertheless concerned more precisely with:

       (a) the shortcomings in the cash planning of the Clean Aviation Joint Undertaking, following the request for additional Union financial contributions of EUR 178 million in excess of cash needs for planned payment in 2023, resulting in a cash surplus of EUR 237 million at the end of 2023; takes note however of the explanation of the joint undertaking; nevertheless repeats its call for the Clean Aviation Joint Undertaking to avoid the reoccurrence of similar situations and welcomes the adjustments announced by the joint undertaking for 2024;
       (b) the shortcomings in the cash planning of the Chips Joint Undertaking, following the request for additional EU financial contributions of EUR 196 million in excess of cash needs for planned payment in 2023, resulting in a cash surplus of EUR 438 million at the end of 2023; takes note however of the explanation of the joint undertaking; nevertheless repeats its call for the Chips Joint Undertaking to avoid the reoccurrence of similar situations and welcomes the ambition announced by the joint undertaking for 2024;
       (c) the shortcomings in the cash planning of the European High-Performance Computing Joint Undertaking, following the request for additional Union financial contributions of EUR 488,6 million in excess of cash needs for planned payment in 2023, resulting in a cash surplus of EUR 840,7 million at the end of 2023; understands the situation faced by the joint undertaking which led to this surplus and welcomes the additional information provided during the hearing of the joint undertaking concerned in the Committee on Budgetary Control, notably as regards the expectations for projects related to Artificial Intelligence to provide an opportunity for an important cash-out; nevertheless repeats its call for the European High-Performance Computing Joint Undertaking to avoid the reoccurrence of similar situations;

    20.  Stresses that all joint undertakings shall strengthen internal financial controls and public transparency mechanisms, ensuring that funds are distributed efficiently and in a manner consistent with EU strategic objectives;

    21.  Echoes the Court’s concerns as regards the contribution of members to certain joint undertakings, in particular as regards the possibility that some joint undertakings could not meet their contribution targets or only do so through high reliance on in-kind contributions to additional activities and calls on the joint undertakings concerned to take all actions necessary to prevent these situations from arising in the future; underlines that meeting contribution targets is the responsibility and obligation of the concerned joint undertakings and that failing to meet contribution targets goes against the founding idea of joint undertakings; is concerned, more precisely, with:

       (a) the situation of the Single European Sky ATM Research 3 Joint Undertaking, whose operational contribution target of its member Eurocontrol only reached a level of 70 %, which resulted in the joint undertaking not having the planned contributions at its disposal to fully implement its part of Horizon 2020; takes notes of the fact that this element did not however lead the Court to consider the risk to programme implementation to be medium or high for this joint undertaking, as it was deemed to be low;
       (b) the situation of the Circular Bio-based Europe Joint Undertaking, which performed well in reaching its contribution target under Horizon 2020, however notably did so through a revision of the balance between the targets for in-kind contributions to operational activities and for in-kind contributions to additional activities, the latter being raised to EUR 2 444,5 million, which corresponds to 90 % of the overall target; underlines that such a reliance on in-kind contributions to additional activities presents a risk to the implementation of the Horizon 2020 programme; underlines the substantial impact of the revision performed by the joint undertaking; takes notes of the explanation of the joint undertaking and of the fact that additional activities contribute to the overall objectives of the joint undertaking; nevertheless stresses that this constitutes an excessive reliance on in-kind contribution to additional activities to meet established targets and calls on the joint undertaking to avoid the reoccurrence of such a situation; takes note of the fact that these elements led the Court to consider the risk to programme implementation to be high for this joint undertaking;
       (c) the situation of the European High-Performance Computing Joint Undertaking, whose contribution from private members under Horizon 2020 only reached a reported amount of EUR 18,4 million against a target of EUR 420 million, which constitutes a severe difference; notes furthermore that such a situation might occur again under Horizon Europe and Digital Europe as the contribution target for private members has increased significantly to EUR 900 million while the financing arrangements that caused difficulties for private members under Horizon 2020 remain in place; takes note of the fact that these elements led the Court to consider the risk to programme implementation to be high for this joint undertaking; understands from the additional information provided during the hearing of the joint undertaking concerned in the Committee on Budgetary Control that this issue is being dealt with in cooperation with the Governing Board; nevertheless echoes the Court’s recommendation for action in this regard which recommends that the European High-Performance Computing Joint Undertaking should support the Commission’s reassessment of the current target in order to ensure that it can attain its contribution target for private members under Horizon Europe and Digital Europe and stresses once again that reaching contribution targets should not simply be considered as an ambition but as a duty;

    22.  Underlines that to promote better efficiency, the Single Basic Act of the joint undertakings provides for an obligation for joint undertakings to achieve synergies via the establishment of back-office arrangements operating in a series of identified areas; understands that four areas have been identified as a priority by the joint undertakings concerned, namely accounting activities, legal activities, information and communication technologies and human resources; particularly welcomes in that regard:

       (a) the fact that the back-office arrangements dedicated to accounting activities have been operational since December 2022 and were therefore in operation for the entirety of financial year 2023, which could be observed in the production of the annual accounts as well as the fact that the Europe’s Rail Joint Undertaking took the lead in operating these back-office arrangements;
       (b) the fact that the Circular Bio-based Europe Joint Undertaking and the Innovative Health Initiative Joint Undertaking took the lead in operating back-office arrangements for the management of common recruitment, the legal framework of human resources and the digitalisation of human resources;
       (c) the fact that the Clean Hydrogen Joint Undertaking and the Innovative Health Initiative Joint Undertaking took the lead in operating back-office arrangements for the management of Information and Communication Technologies services;
       (d) the fact that the Clean Aviation Joint Undertaking, the Europe’s Rail Joint Undertaking and the European High-Performance Computing Joint Undertaking took the lead in operating back-office arrangements for the management of administrative procurements;
       (e) the fact that joint undertakings are further implementing the joint strategic ICT plan of the joint undertakings located in the White Atrium building;

    23.  Calls on the joint undertakings concerned by the obligation under the Single Basic Act to keep reporting on their establishment of back-office arrangements, to provide clear information on which joint undertakings operate tasks for other joint undertakings in certain areas, to include as soon as possible communication, logistics, events and meeting room management as well as the support for audit and anti-fraud strategies on the list of priorities and to provide information on the areas to be considered for the establishment of back-office arrangements in the future, once arrangements in the areas identified as a priority have been concluded;

    Procurement and tenders

    24.  Echoes the Court’s concerns as regards procurement procedures and calls on joint undertakings to ensure that the compliance with relevant legal provisions and the necessary complexity of certain procurement procedures do not lead to an increased risk to the legality and regularity of operational expenditure; is concerned, more precisely, by:

       (a) the situations of the Innovative Health Initiative Joint Undertaking and of the Chips Joint Undertaking, for both of which the Court observed weaknesses in the design and evaluation of one significant procurement procedure; takes notes of the fact that this element did not however lead the Court to consider the risk to operational control expenditure to be medium or high for this joint undertaking; nevertheless stresses the fact that such weaknesses may result in irregular contracts and payments if not addressed in future procurement procedures; welcomes the readiness of the joint undertakings to take action on these specific cases and to improve their procurement processes;
       (b) the fact that the Court has evaluated the risk to operational contract expenditure to be medium for the European High-Performance Computing Joint Undertaking and the European Joint Undertaking for ITER and the Development of Fusion Energy because of their complex procurement procedures for high-value contracts;

    25.  Underlines the financial exposure of the European High-Performance Computing Joint Undertaking to a supplier facing difficulties which is evaluated by the joint undertaking as ranging from a potential low impact of EUR 0 to an estimated maximum impact of EUR 88 million; understands from the annual accounts of the joint undertaking that this situation is being carefully scrutinised; calls on the joint undertaking to take all actions necessary to minimise financial liabilities; welcomes the additional information provided during the hearing of the joint undertaking concerned in the Committee on Budgetary Control, especially as regards the additional guarantees requested by the joint undertaking concerned to minimise this financial liability as well as the explanation provided on the key role of this specific supplier;

    26.  Takes note of the fact that the levels of detail and the level of accessibility vary when it comes to the quantitative data provided by the joint undertakings on the gender balance of experts selected to work with the joint undertakings; calls on all joint undertakings to increase transparency and to include clear quantitative data on gender balance among the experts selected in their future Annual Activity Reports; calls on all joint undertakings to intensify their efforts to promote gender equality at all levels and to ensure that gender balance remains a horizontal priority in all activities related to procurement, grants and tenders and to provide explanations when gender balance cannot be achieved;

    27.  Takes note of the fact that the levels of detail and the level of accessibility vary when it comes to the quantitative data provided by the joint undertakings on the geographical distribution of experts selected to work with the joint undertakings; calls on all joint undertakings to include clear quantitative data on the geographical distribution of the experts selected in their future Annual Activity Reports; calls on all joint undertakings to ensure that geographical distribution remains a horizontal priority in all activities related to procurement, grants and tenders and to provide explanations when sufficient geographical distribution cannot be achieved;

    28.   Calls for a fair and equitable geographical distribution of funding from the joint undertakings, ensuring that regions with lower innovation capacity and SMEs receive adequate support;

    Staff and recruitment

    29.  Is concerned with the state of play of recruitment within the European High-Performance Computing Joint Undertaking, which received 39 additional posts to be recruited by the end of the financial year 2023 in order to implement the significant funds received under the current multiannual financial framework but which only managed to recruit 21 additional staff; is furthermore concerned with the assessment of the Court which determined that the recruitment procedures of the joint undertakings were not sufficiently transparent due to a lack of clear and previously agreed upon scoring-grids to assess candidates and their qualifications as well as due to a lack of sufficient documentation on the underlying decision-making process; regrets that in the view of the Court, this situation may have resulted in a lack of equal treatment of candidates; reminds that it is paramount to avoid the application of double standards during the recruitment process and requests for all necessary actions to be taken in this regard; echoes the Court’s recommendation for action in this regard which recommends that the European High-Performance Computing Joint Undertaking should use its increased staff effectively to achieve its recruitment target by the end of 2024 and that, in order to increase the transparency of its recruitment procedures and to substantiate the decision-making processes of the selection committee, the European High-Performance Computing Joint Undertaking should use a pre-agreed scoring grid during the pre-selection phase, in line with the practice of other joint undertakings and Union bodies; welcomes the readiness of the joint undertaking to integrate recommendations for improvements;

    30.   Emphasises the need for a coherent and fair staffing policy across all Joint Undertakings to ensure adequate and inclusive working conditions, career development opportunities, and work-life balance for staff; calls for the implementation of measures to prevent excessive reliance on temporary contracts and precarious employment; underlines the importance of mental health support structures, flexible working arrangements, and fair internal promotion opportunities to improve staff well-being;

    31.  Calls on all joint undertakings to implement concrete measures to improve gender balance in leadership positions and decision-making bodies, including setting gender balance targets and regularly monitoring progress; stresses the need to address gender pay gaps and ensure equal opportunities for career advancement;

    32.  Takes note of the fact that the Court considered the risk to the legality and regularity of administrative expenditure to be low for all joint undertakings except for the Chips Joint Undertaking and the European High-Performance Computing Joint Undertaking for which it was deemed to be medium due to their high recruitment level, as well as for the Smart Networks and Services Joint Undertaking and the Global Health EDCTP3 Joint Undertaking, due to their recent financial autonomy;

    33.  Is concerned with the situation of the European Joint Undertaking for ITER and the Development of Fusion Energy as regards different aspects related to the management of human resources observed by the Court, especially as regards the use of external service providers, notably:

       (a) the important reliance of the joint undertaking on external service providers, as it was observed that near to half of the staff of the joint undertaking consisted of external service providers (361 external service providers and 429 statutory staff in 2023) which makes that situation a critical issue with a potential large-scale impact on the capacity of the joint undertaking to manage its human resources in a sustainable manner while ensuring a capacity for retention of knowledge and institutional memory, which also allow for financial gains in the long run;
       (b) the fact that the joint undertaking did not adopt a unique formal definition of external service providers, which resulted in a lack of clarity in its assessment of their impact on statutory staff needs; notes furthermore that the risk register of the joint undertaking did not include all the potential risks related to a high level of reliance on external service providers in the long term, which might prevent the internal control of the joint undertaking from having adequate mitigating measures put in place to address those risks;
       (c) the findings of the audit conducted on this matter by the Commission’s internal audit service which revealed that the joint undertaking had not set up a centralised function for the coordination and management of external service providers, nor had it set up a methodology for assessing its aggregate human resources needs, and in particular its needs for external service providers; underlines that it was observed that the joint undertaking’s decision on the use of external service providers was therefore based on budgetary concerns rather than human resources needs;
       (d) the lack of transparency in the reporting of the joint undertaking on its human resources; particularly as regards the presentation of permanent and non-permanent staff figures, given that 224 of the 386 temporary and contract staff had in reality an indefinite contract and could therefore have been considered as permanent staff from a practical point of view; calls on the joint undertaking to underline such nuances in the future in its reporting on human resources;
       (e) echoes the Court’s recommendation for action which recommends that the European Joint Undertaking for ITER and the Development of Fusion Energy should establish a centralised coordination and management function for external service providers and adopt a comprehensive methodology to regularly assess its total human resources needs based on the expected workload and required skills and that the joint undertaking concerned should also supplement its risk register with the most important risks deriving from its high level of use of external service providers in the long run;
       (f) welcomes the commitments made by the joint undertaking and welcomes its explanation of the challenges leading to an important use of external service providers; is nevertheless concerned with this important dependency and the related risks; calls on the joint undertaking to provide more detailed information in the future on the decision-making processes leading to the use of external service providers;

    34.  Takes note of the fact that the levels of detail and the level of accessibility vary when it comes to the quantitative data provided by the joint undertakings on the gender balance among their staff and within their governing bodies and structures in their Annual Activity Reports; calls on all joint undertakings to include a clear section dedicated to quantitative data on gender balance among their staff and within their governing bodies and structures in their future Annual Activity Reports, including the disaggregation of data between different levels of responsibility and different types of contract; calls on all joint undertakings to ensure that gender balance remains an objective at all levels of responsibility and to persist in their efforts to enhance it, in order to ensure a fair representation of society within their staff and to promote a healthy and productive working environment and to provide explanations when gender balance cannot be achieved;

    35.  Takes note of the fact that the levels of detail and the level of accessibility vary when it comes to the quantitative data provided by the joint undertakings on the geographical distribution within their staff and within their governing bodies and structures in their Annual Activity Reports; calls on all joint undertakings to include a clear section dedicated to quantitative data on geographical distribution among their staff and within their governing bodies and structures in their future Annual Activity Reports, including the disaggregation of data between different levels of responsibility and different types of contract; calls on all joint undertakings to ensure that a satisfactory geographical distribution remains an objective at all levels of responsibility and to provide explanations when a sufficient geographical distribution cannot be achieved;

    36.  Welcomes the work of the EU Agencies Network (EUAN) and its Working Group on Diversity and Inclusion which led to the EUAN Charter on Diversity and Inclusion; invites joint undertakings to adopt this Charter;

    37.   Underlines that joint undertakings shall ensure that funded projects contribute to social well-being and inclusivity, respect workers’ rights and labour conditions and align with the principles of a just transition to sustainable technologies;

    Management and control systems

    38.  Welcomes the work of the Court on the examination of grant payments made by the ten joint undertakings implementing research and innovation projects, especially as regards its complementary audit of a sample of grant payments at beneficiary level under Horizon 2020; is concerned with the results of this examination which showed that there were persistent systemic errors, especially as regards declared personnel and equipment costs; calls for correction of the systemic errors;

    39.  Underlines that the Court found one case of quantified and serious error in payments under Horizon 2020 for the Clean Aviation Joint Undertaking, the Innovative Health Initiative Joint Undertaking, the Clean Hydrogen Joint Undertaking, the Circular Bio-based Europe Joint Undertaking, as well as for the Europe’s Rail Joint Undertaking; welcomes the initiatives taken in this regard to raise awareness at beneficiary level; calls on all joint undertakings to ensure the legality and regularity of operational expenditure and underlines that the Court deemed the risk to the interim and final grant payments of the joint undertakings to be medium;

    40.   Calls on the Commission to implement: i) mandatory financial training for beneficiaries of the joint undertakings to prevent recurrent accounting errors; ii) automated verification tools to enhance accuracy in personnel cost calculations; iii) stronger ex-ante audit procedures to ensure proper use of Union funds;

    41.  Welcomes the fact that according to the extrapolation of the Court for all joint undertakings, the average error rate is just below the materiality threshold of 2% for grant expenditure, as well as the fact that the residual error rates calculated by the Commission’s common audit service were also below the materiality threshold;

    42.  Takes note of the fact that the number of Horizon Europe and Digital Europe interim payments was too small to feature in the sample audited by the Court in 2023;

    43.  Takes note of the fact that there were several changes to the internal control framework of joint undertakings under Horizon Europe, notably the fact that the Commission no longer intends to make specific representative ex-post audits on behalf of individual Horizon Europe stakeholders, such as joint undertakings; notes furthermore that the Commission plans to apply the same change to grant payments under Digital Europe;

    44.  Is concerned with the lack of communication, collaboration and coordination between the risk management of the European Joint Undertaking for ITER and the Development of Fusion Energy and its internal audit functions, as well as with the related lack of an integrated risk management process and the fact that the joint undertaking could not provide satisfactory evidence that it regularly uses risk management information when planning internal audit activities; echoes the Court’s recommendation for action in this regard which recommends that the joint undertaking concerned implement an integrated risk management process in its internal control framework in order to manage its risks effectively; welcomes the plans of the joint undertaking to take action on this issue;

    45.  Underlines the importance of implementing a comprehensive and up to date business continuity plan and disaster recovery plan for the joint undertakings; regrets in that regard that at the end of the financial year 2023, the joint undertakings, with the exception of the European Joint Undertaking for ITER and the Development of Fusion Energy, did not have a satisfactory policy in place in this regard; welcomes the plans of the joint undertaking to take action on this issue;

    46.  Points out that the Smart Networks and Services Joint Undertaking and the Global Health EDCTP3 Joint Undertaking still had not fully implemented the Commission’s internal control framework and calls on these two joint undertakings to fully implement that framework;

    Fraud, ethics and conflicts of interests

    47.  Takes note of the fact that the Court made one notification of suspected fraud to the European Anti-Fraud Office (OLAF) during its audit of the financial year 2023; understands that the case was later dismissed by OLAF as no fraud was observed in relation to the staff matter concerned; welcomes the diligence of the Court and the cooperation within the anti-fraud architecture;

    48.  Underlines the importance of implementing an internal control policy on sensitive functions for the joint undertakings; stresses that such a policy can prevent and mitigate the risk of inappropriate or fraudulent action; regrets that at the end of the financial year 2023, the Single European Sky ATM Research 3 Joint Undertaking, the Clean Hydrogen Joint Undertaking, the Chips Joint Undertaking, the European High-Performance Computing Joint Undertaking as well as the European Joint Undertaking for ITER and the Development of Fusion Energy did not yet have a policy in that regard; stresses the critical nature of this situation and urges the joint undertakings to take action without unnecessary delays;

    49.  Takes note of the situation in the Chips Joint Undertaking referred to by the Court, which saw one of its former senior staff members who had left the joint undertaking recently take up a new occupational activity without prior notice to the joint undertaking concerned; calls on the joint undertaking concerned and all other joint undertakings to conduct active monitoring of the new occupational activities of former senior staff members as well as of staff members occupying a sensitive function; welcomes the additional information provided by the joint undertaking concerned on this specific case;

    50.   Calls on all joint undertakings to enhance their transparency policies, particularly regarding potential conflicts of interest; urges joint undertakings to publish declarations of interest for their members of boards of management, scientific committees, and external experts, ensuring that any financial, professional, or personal ties to entities benefiting from funding from the joint undertakings are disclosed; insists on the introduction of a mandatory ‘cooling-off’ period for senior staff of the joint undertakings before they can take up employment in organisations that receive funding from the joint undertakings;

    51.  Takes note of the information reported by the joint undertakings on their activities related to prevention, detection, and correction of fraud; calls on all joint undertakings to strengthen their role and identify their weaknesses by engaging further in anti-fraud discussions and to report on such elements and to include in their future reports a clear presentation of the legal framework and policies put in place in this regard;

    Remarks on the follow-up of joint undertakings to the previous discharge exercise

    52.  Welcomes the fact that joint undertakings have produced a follow-up report to the European Parliament resolutions with observations forming an integral part of the decisions on discharge in respect of the implementation of the budget of the joint undertakings for the financial year 2022; notes that these reports provide the views of the joint undertakings on the issues underlined by the European Parliament to a satisfactory extent;

    53.  Welcomes the fact that the Court’s report also includes an analysis of the follow-up of joint undertakings to previous observations and recommendations for actions published by the Court; notes in this regard that out of 37 observations not sufficiently addressed at the end of 2022, 16 were closed and 21 remained open at the end of 2023; furthermore notes that out of the 15 recommended actions in the annual reports of 2021 and 2022, 9 had been fully implemented, 2 in most respects, 3 in some respects and 1 not implemented at all; understands that some recommendations that still need to be implemented further mainly relate to human resources issues which the joint undertakings can only implement in cooperation with the Directorate-General for Budget of the Commission and once applications are ready to be implemented; understands that the recommendations that had to be implemented before the end of 2023 were implemented in due time;

    54.  Welcomes the fact that the Court has now provided a deadline for implementation for each of its open recommendations for action, which were defined in cooperation with the joint undertakings to ensure their feasibility; calls on all joint undertakings to continue to report back to the Court and the European Parliament on these issues;

    55.   Notes with concern the persistent challenges related to cost overruns, delays, and governance issues in the implementation of the ITER project; calls for improved financial oversight and enhanced budgetary transparency, including more detailed public reporting on cost developments, spending efficiency, and progress toward key project milestones; stresses the need for stricter auditing mechanisms to ensure that Union contributions to the project are effectively utilised; urges the joint undertaking to strengthen internal governance by ensuring regular and independent evaluations of project risks and by increasing accountability mechanisms for senior management;

    Other priorities for the joint undertakings

    56.  Is aware of the administrative and budgetary constraints of joint undertakings and in respect of these constraints, calls on joint undertakings to better disseminate their contribution to research and innovation activities through accessible communication material intended for academic and research institutions, public and private organisations and European and national authorities; calls for this accessible communication material to promote the opportunities for procurement contracts and grants offered by the joint undertakings in the area of research and innovation activities;

    57.  Calls on joint undertakings to proactively engage in communication activities in order to reach a wide range of EU citizens in a pedagogical effort to present their contribution to common goals and the need for institutionalised partnerships that involve private members;

    58.   Calls on the joint undertakings to establish the cooperation with universities in order to reach out to young European graduates to strengthen their future recruitment processes;

    59.  Calls on joint undertakings to continue to report effectively and to the extent of their capacity on their contribution to employment and to the competitiveness of the European economy, in light of the necessity for all important stakeholders of the European Union in the area of research and innovation to focus on the reindustrialisation of the European Union;

    60.  Calls on joint undertakings to continue to ensure a sufficient level of participation of private firms, especially of small and medium-sized enterprises, which constitute the strongest asset of the European economy;

    61.  Calls on joint undertakings to report effectively on their contribution to horizontal priorities of the budget of the European Union;

    62.  Calls on all joint undertakings to continue to act with diligence in the conduct of their activities when dealing with international stakeholders, especially in light of the regime of restrictive measures put in place by the European Union; underlines the particular situation of the European Joint Undertaking for ITER and the Development of Fusion Energy in this regard and welcomes the explanations provided during the hearing of the joint undertaking concerned in the Committee on Budgetary Control on measures put in place to prevent any issues in the framework of the ITER project;

    63.  Calls on all joint undertakings to ensure that their staff are making a good use of possible synergies with other entities from the European Union, such as agencies, in all relevant areas and in order to increase the efficiency and impact of their operations; calls on all joint undertakings to ensure that their staff are making good use of the platform that constitutes the EU Agencies Network (EUAN);

    64.   Emphasises the need for digital sovereignty in research funded by the Union; in that regard puts special emphasis on the Chips Joint Undertaking, Euro European High Performance Computing Joint Undertaking, and the Smart Networks and Services Joint Undertaking who shall prioritise projects that enhance Union autonomy in semiconductor manufacturing, artificial intelligence, and cybersecurity; asks the Commission to ensure that projects funded by joint undertakings: i) are not excessively reliant on third-country suppliers for critical technologies; ii) contribute to the Union’s industrial resilience and strategic independence; iii) foster domestic R&D in key digital sectors;

    Call for a follow-up

    65.  Calls on each joint undertaking considered for the granting of discharge for the financial year 2023 to produce an individual follow-up report on all actions taken to address the specific issues mentioned in this resolution and to submit this follow-up report signed by the (Executive) Director of the joint undertaking to the European Parliament by no later than 30 September 2025;

    66.  Underlines that follow-up reports may also contain the general views of the joint undertakings on this resolution and on other matters relevant for the discharge authority; expects the joint undertakings to draft this report with a comprehensive approach, to touch on all issues addressed by the European Parliament concerning their activities, and to do so in good faith and cooperation.

    (1) OJ L 427, 30.11.2021, p. 17–119, ELI: http://data.europa.eu/eli/reg/2021/2085/oj.
    (2) OJ L 229, 18.9.2023, p. 55–62, ELI: http://data.europa.eu/eli/reg/2023/1782/oj.
    (3) OJ L 90, 30.3.2007, p. 58–72, ELI: http://data.europa.eu/eli/dec/2007/198/oj.
    (4) OJ L 256, 19.7.2021, p. 3–51, ELI: http://data.europa.eu/eli/reg/2021/1173/oj.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Discrimination against Baha’is in Egypt – E-000676/2025(ASW)

    Source: European Parliament

    Freedom of religion or belief remains high on the EU’s international human rights agenda, in line with EU Guidelines on the promotion and protection of freedom of religion or belief[1].

    The Commission is aware of the situation of Bahá’í community in Egypt and is in contact with the Baha’i community in Brussels and in Cairo. Freedom of religion or belief was an important subject in EU Special Representative for Human Rights Skoog’s visit to Egypt on 4-5 November 2024, where he raised with government officials the situation and the administrative challenges faced by the Bahá’í[2]. The Commission will continue supporting Egypt’s national institutions and civil society through cooperation programmes to implement Egypt’s Human Rights Strategy and Universal Periodic Review recommendations.

    Overall, human rights remain a priority in the EU’s relationship with Egypt. The Association Agreement and the Partnership Priorities mutually agreed in June 2022[3] define the political framework for the EU’s bilateral relations with Egypt, where both parties commit to ‘further promote democracy, fundamental freedoms, and human rights, gender equality and equal opportunities’. This is also referenced in the Joint declaration of the Strategic and Comprehensive Partnership[4]. In the context of the Strategic and Comprehensive Partnership with Egypt, macro-financial assistance requires that ‘Egypt continues to make concrete and credible steps towards respecting effective democratic mechanisms, the rule of law, and guarantees respect for human rights’.

    • [1] https://data.consilium.europa.eu/doc/document/ST-11491-2013-INIT/en/pdf .
    • [2] https://www.eeas.europa.eu/delegations/egypt/eu-special-representative-human-rights-mission-egypt_en?s=95 .
    • [3] https://data.consilium.europa.eu/doc/document/ST-2803-2022-ADD-1/en/pdf .
    • [4] https://enlargement.ec.europa.eu/news/joint-declaration-strategic-and-comprehensive-partnership-between-arab-republic-egypt-and-european-2024-03-17_en .
    Last updated: 13 May 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Socio-economic consequences of the new ‘EU ETS 2’ emissions-trading system – E-000578/2025(ASW)

    Source: European Parliament

    The Commission and the Member States are working towards the timely implementation of the new Emissions Trading System for buildings, road transport and additional sectors (ETS2), which was adopted by the European Parliament and the Council in 2023. This includes regular technical level discussions and exchanges at the political level with all Member States, including Poland.

    The Commission’s impact assessment[1] for the review of the ETS Directive provided a detailed analysis of the socioeconomic impact of ETS2. The impact assessment shows that the ETS2 effects on fuel prices are limited. Furthermore, ETS2 contains strong safeguard mechanisms to avoid prices rising very fast, including a safeguard to delay the start of the system to 2028 in case gas or oil prices are exceptionally high in 2026.

    Europe’s reliance on imported fossil fuels causes energy price volatility and higher supply costs, significantly impacting consumers’ energy bills. To reduce energy costs for consumers in the EU, we need to reduce energy consumption and accelerate the roll-out of renewable energy, which is an effective way to achieve decarbonisation. The Social Climate Fund (SCF), financed by ETS2, aims to ensure that vulnerable households and micro-enterprises will be supported in this transition. The purpose of the SCF is to turn ETS2 into a clearly progressive measure, and to spur green investments that will address the root causes of energy and transport poverty.

    • [1] SWD(2021)0601 final.
    Last updated: 13 May 2025

    MIL OSI Europe News

  • MIL-OSI: Wrap Technologies, Inc. Plans to Hold a Conference Call to Discuss First Quarter 2025 Financial Results on Friday, May 16, 2025 at 9:15 a.m. ET

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, May 13, 2025 (GLOBE NEWSWIRE) — Wrap Technologies, Inc, (NASDAQ: WRAP) (“Wrap” or, the “Company”), a global leader in innovative public safety technologies and non-lethal tools, today announces it plans to hold a conference call on Friday, May 16, 2025, at 9:15 a.m. Eastern Time (6:15 a.m. Pacific Time) to discuss its financial and operational results for the three months ended March 31, 2025.

    The financial and operational results are expected to be issued in a press release prior to the call.

    Wrap management will host the presentation, followed by a question-and-answer period.

    Interested parties may submit questions to the Company prior to the call at ir@wrap.com by 5:00 p.m. Eastern time on May 15, 2025. Questions will be addressed based on the relevance to the Company’s strategic direction and execution, stockholder base and public disclosure rules.

    Date: Friday, May 16, 2025
    Time: 9:15 a.m. Eastern Time (6:15 a.m. Pacific Time)
    Webcast Link: Click here to register

    The first quarter 2025 earnings press release with financial results and other related materials will be available on the “Investors” section of Wrap’s website at ir@wrap.com.

    About Wrap Technologies, Inc.
    Wrap Technologies, Inc. (Nasdaq: WRAP) is a global leader in public safety solutions, bringing together cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.

    Wrap’s BolaWrap® solution is a safer way to gain compliance—without pain. This innovative, patented device deploys light, sound, and a Kevlar® tether to safely restrain individuals from a distance, giving officers critical time and space to manage non-compliant situations before resorting to higher-force options. The BolaWrap 150 does not shoot, strike, shock, or incapacitate—instead, it helps officers operate lower on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap’s commitment to public safety through cutting-edge technology and expert training.

    Wrap Reality™ VR is an advanced, fully immersive training simulator designed to enhance decision-making under pressure. As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, Wrap Reality™ equips officers with the skills and confidence to navigate high stakes encounters effectively, leading to safer outcomes for both responders and the communities they serve.

    Wrap’s Intrensic solution is an advanced body-worn camera and evidence management system built for efficiency, security, and transparency. Designed to meet the rigorous demands of modern law enforcement, Intrensic seamlessly captures, stores, and manages digital evidence, ensuring integrity and full chain-of-custody compliance. With automated workflows, secure cloud storage, and intuitive case management tools, it streamlines operations, reduces administrative burden, and enhances courtroom credibility.

    Trademark Information
    Wrap, the Wrap logo, BolaWrap®, Wrap Reality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

    Cautionary Note on Forward-Looking Statements – Safe Harbor Statement
    This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “anticipate,” “should”, “believe”, “target”, “project”, “goals”, “estimate”, “potential”, “predict”, “may”, “will”, “could”, “intend”, and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the expected benefits of the acquisition of W1 Global, LLC, the Company’s ability to maintain compliance with the Nasdaq Capital Market’s listing standards; the Company’s ability to successfully implement training programs for the use of its products; the Company’s ability to manufacture and produce products for its customers; the Company’s ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company’s most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

    Investor Relations Contact:
    (800) 583-2652
    ir@wrap.com

    The MIL Network

  • MIL-OSI: Capstone Infrastructure Corporation Reports First Quarter Results and Declares a Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    Toronto, Ontario, May 13, 2025 (GLOBE NEWSWIRE) — Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the “Corporation” or “Capstone”) today announced and filed its financial results for the first quarter ended March 31, 2025. The Corporation’s Management’s Discussion and Analysis (“MD&A”) for the first quarter of 2025 and unaudited interim consolidated financial statements are available at www.capstoneinfrastructure.com and on SEDAR+ at www.sedarplus.ca. Capstone’s MD&A details the “Results of Operations” and provides a “Financial Position Review” for the quarter ended March 31, 2025.

    Dividend Declarations

    Today, the Board of Directors declared a quarterly dividend on the Corporation’s Cumulative Five-Year Rate Reset Preferred Shares, Series A (the “Preferred Shares”) of $0.2314 per Preferred Share to be paid on or about July 31, 2025 to shareholders of record at the close of business on July 15, 2025. The dividend on the Preferred Shares covers the period from April 30, 2025 to July 30, 2025.

    The dividends paid by the Corporation on its Preferred Shares are designated “eligible” dividends for the purposes of the Income Tax Act (Canada). An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.

    About Capstone Infrastructure Corporation

    Capstone is generating our low-carbon future, driving the energy transition forward through creative thinking, strong partnerships, and a commitment to quality and integrity in how we do business. A developer, owner, and operator of clean and renewable energy projects across North America, Capstone’s portfolio includes approximately 885 MW gross installed capacity across 35 facilities, including wind, solar, hydro, biomass, and natural gas power plants. Please visit www.capstoneinfrastructure.com for more information.

    Caution Regarding Forward-Looking Statements

    Certain of the statements contained within this document are forward-looking and reflect management’s expectations regarding the future growth, results of operations, performance and business of the Corporation based on information currently available to the Corporation. Forward-looking statements are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements use forward-looking words, such as “anticipate”, “continue”, “could”, “expect”, “may”, “will”, “intend”, “estimate”, “plan”, “believe” or other similar words. These statements are subject to known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results. The forward-looking statements within this document are based on information currently available and what the Corporation currently believes are reasonable assumptions, including the material assumptions set out in the management’s discussion and analysis of the results of operations and the financial condition of the Corporation (“MD&A”) for the year ended December 31, 2024, as updated in subsequently filed MD&A of the Corporation (such documents are available under the Corporation’s SEDAR+ profile at www.sedarplus.ca).

    Although the Corporation believes that it has a reasonable basis for the expectations reflected in these forward-looking statements, actual results may differ from those suggested by the forward-looking statements due to inherent risks and uncertainties. For a comprehensive description of these risk factors, please refer to the “Risk Factors” section of the Corporation’s Annual Information Form dated March 21, 2025, as supplemented by disclosure of risk factors contained in any subsequent annual information form, material change reports (except confidential material change reports), business acquisition reports, interim financial statements, interim management’s discussion and analysis and information circulars filed by the Corporation with the securities commissions or similar authorities in Canada (which are available under the Corporation’s SEDAR+ profile at www.sedarplus.ca).

    The assumptions, risks and uncertainties described above are not exhaustive and other events and risk factors could cause actual results to differ materially from the results and events discussed in the forward-looking statements. The forward-looking statements within this document reflect current expectations of the Corporation as at the date of this document and speak only as at the date of this document. Except as may be required by applicable law, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

    Attachment

    The MIL Network

  • MIL-Evening Report: From GPS to weather forecasts: the hidden ways Australia relies on foreign satellites

    Source: The Conversation (Au and NZ) – By Cassandra Steer, Chair, Australian Centre for Space Governance, Australian National University

    Japan Meteorological Agency via Wikimedia

    You have probably used space at least 20 times today. Satellites let you buy a coffee with your phone, book a rideshare, navigate your way to meet someone, and check the weather.

    Satellites are also essential for monitoring floods, cyclones and bushfires, and supporting the people they affect. Farmers depend on satellite data, too, as does everyone trying to understand and tackle climate change, not to mention our military.

    Yet Australia’s access to space services depends almost entirely on satellites owned and run by foreign governments and companies. In an increasingly uncertain world, having our own sovereign space technology is becoming even more important for security.

    But what exactly do we need to secure? And how can space help us do it? My colleagues and I at the Australian Centre for Space Governance have thought through these questions and presented them in a policy paper series – and we have some recommendations for the government.

    Space services are essential

    Since 2022, the Australian government has considered space technology to be “critical infrastructure”. In other words, if the space-based services we use were destroyed or disrupted, it “would have a debilitating impact on Australia’s defence and national security, a destabilising effect on the population, and cause significant damage to the economy”.

    However, Australia is entirely dependent on foreign partners for space-based services such as communications and Earth observation.

    Another crucial kind of satellite-powered service is “position, navigation and timing” – things like GPS, which is owned and operated by the US government. Even a temporary loss of these services could pose significant risks to Australia’s telecommunications and energy systems, as well as disaster response.

    According to Australia’s 2024 National Defence Strategy, space capabilities are “equally as important as the maritime, land and air domains”. But we are in many respects simply users of space infrastructure that belongs to partner countries for our military needs. There are opportunities to increase our role in these partnerships if we place more emphasis on how Australia can be a contributor.

    An uncertain world

    Almost all the satellite data that supports our agriculture, banking, transport, climate monitoring, bushfire and flood response – and connects rural, remote and regional Australians – comes from the US, Europe and Japan. This dependency poses significant risks.

    If any of those countries have to prioritise their own national needs in a natural disaster – such as the Sea of Japan earthquake in January last year – we might lose access. Even temporary loss of service can be disruptive, such as the temporary outage in 2023 of a UK satellite that impacted farmers in Australia and New Zealand.

    The same might happen if any of those countries stopped providing data for political or national security reasons.

    These risks are only increasing as our dependency on satellite services grows, and our relationship with the United States may become less certain.

    What do we want from space?

    Many of Australia’s international partners are also questioning their dependence on the US, and prioritising their domestic needs. Many have national space policies, or at least a clear idea of what sovereign space capabilities they want to invest in. This is what Australia needs, too.

    Greater cooperation on new space technologies could help our shared interests with our neighbours. Obvious areas include regional security, climate response, supporting agriculture, and internet connectivity needs.

    One obstacle, as we discovered when we ran a national public opinion survey last year, is that Australia doesn’t have a clear vision of what it wants from space.

    In government, too, there is little shared understanding of how satellites and related infrastructure feed in to our national priorities and needs.

    At present, thinking about space is usually the domain of specialists in government. But a better option would be “mainstreaming” space – making it part of the everyday, business-as-usual thinking of policymakers across government.

    Sovereign satellites

    Our country already excels at what’s called the “ground segment” for space – things like satellite dishes and data management. One example is the satellite dish operated by Geoscience Australia in Alice Springs, on land leased from the Indigenous-owned business, the Centre for Appropriate Technology. But we don’t have any sovereign satellites.

    In 2023, the government scrapped a billion-dollar project including four Earth-observation satellites, citing budget constraints. In 2024, a planned military-grade satellite communications system worth $7 billion was also cancelled due to lack of cash.

    But in 2025, it’s a new term of government. New minister for industry and science Tim Ayres may revisit these decisions. It certainly aligns with his support for a “Future Made in Australia”.

    This time around, the space industry and researchers will need to do a better job at communicating why satellites matter so much to our national well-being and security.

    Cassandra Steer has received funding in the past from the Department of Defence, Department of Foreign Affairs and Trade, Geoscience Australia and Home Affairs. She is Chair and founder of the Australian Centre for Space Governance.

    ref. From GPS to weather forecasts: the hidden ways Australia relies on foreign satellites – https://theconversation.com/from-gps-to-weather-forecasts-the-hidden-ways-australia-relies-on-foreign-satellites-256440

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: ICYMI: CONGRESSIONAL REPUBLICANS AND PRESIDENT TRUMP UNVEIL THEIR PLAN TO TRADE AWAY AMERICANS’ HEALTH COVERAGE FOR TAX CUT FOR THE WEALTHY

    Source: United States House of Representatives – Reprepsentative Kathy Castor (FL14)

    TAMPA, FL — Before heading back to Washington, D.C., where her Republican Energy and Commerce colleagues plan to rip health care away from millions of Americans and make life more expensive for everyone to fund tax breaks for the wealthy, Castor stood with local health care advocates to demand that Republicans keep their hands off our health coverage, which is life or death for many Floridians. 

    “Millions of families rely on Medicaid for their health care. I am thinking of your grandparents, who are not on the street, because Medicaid is helping them live in an assisted living facility. I am thinking about pregnant mothers who use Medicaid to ensure they have healthy births. I am thinking about children who have complex medical conditions who literally need Medicaid to survive,” said Rep. Castor.

    This is not just a debate in Washington, D.C., this is a debate that will impact whether certain people will be able to live. Medicaid has always ensured that no matter where you stand in life, you never have to suffer. For the grace of God, this could be you, and you will need to think about whether your child can have a decent quality of life, or if you can afford the doctor or medications you need to stay alive.”

    In Florida, 3.9 million people rely on Medicaid. Over 4.7 million Floridians rely on the Affordable Care Act, which Republicans want to make more expensive. The independent Congressional Budget Office (CBO) determines that at least 13.7 million more Americans will go uninsured on Trump and Congressional Republicans’ watch.  The massive financial pain will hurt all Floridians, all Americans.

    New analysis from the nonpartisan CBO found the health provisions in the Energy and Commerce Committee Republicans’ bill will cut at least $715 billion and will result in at least 8.6 million more Americans going uninsured as a result of cuts to Medicaid and the Affordable Care Act. The analysis was completed at the request of Democratic Committee leaders. 

    In additional analysis, CBO determined that 5.1 million more Americans will go uninsured as a result of Republicans refusing to extend the Affordable Care Act tax credits.

    Castor continued, “Let’s stick with our all-American values. We don’t need to gut health care so billionaires like Elon Musk can buy another private jet. Let’s take care of our neighbors.”

    Castor was joined by CEO and President of Tampa Family Health Centers, Sherry Hoback, CEO and President of Foundation for a Healthy St. Pete, Dr. Kanika Tomalin and CEO and President of Evara Health, Elodie Dorso.

    Photos from the event are available here.

    Watch the press conference here.

    MIL OSI USA News

  • MIL-OSI USA: Boozman, Hoeven Introduce Bill to Strengthen Farm Safety Net

    US Senate News:

    Source: United States Senator for Arkansas – John Boozman
    WASHINGTON––U.S. Senate Agriculture, Nutrition, and Forestry Committee Chairman John Boozman (R-AR) joined Senator John Hoeven (R-ND) in introducing the Federal Agriculture Risk Management Enhancement and Resilience (FARMER) Act, legislation to strengthen crop insurance and make higher levels of coverage more affordable for agricultural producers.
    “Farmers must have the risk management tools they need to plan for the future. The FARMER Act would make critical improvements to the farm safety net and deliver support to producers across the country who rely on these programs. I appreciate Senator Hoeven for continuing to lead on this issue as we work to provide certainty to America’s farm families,” Boozman said. 
    “Crop insurance remains the number one risk management tool for our farmers, but it doesn’t provide the kind of affordable coverage options that all producers need. The result has been the repeated need for ad-hoc disaster assistance. Ultimately, producers buying higher levels of coverage will lessen the need for ad-hoc disaster assistance in the future. That means less emergency spending by the federal government, greater certainty for farmers and a more resilient ag economy. Those are wins across the board,” Hoeven said.
    Senators Mitch McConnell (R-KY), Joni Ernst (R-IA), Cindy Hyde-Smith (R-MS), Roger Marshall, M.D. (R-KS), Jim Justice (R-WV), Chuck Grassley (R-IA), Deb Fischer (R-NE) and Jerry Moran (R-KS) have cosponsored the bill.
    The FARMER Act would:
    Increase premium support for higher levels of crop insurance coverage, which will enhance affordability and reduce the need for future ad-hoc disaster assistance;
    Improve the Supplemental Coverage Option (SCO) by increasing premium support and expanding the coverage level, providing producers with an additional level of protection;
    Direct the Risk Management Agency (RMA) to conduct a study to improve the effectiveness of SCO in large counties; and
    Give producers flexibility to make decisions that work best for their operations rather than obligating them to choose between purchasing enhanced crop insurance coverage or participating in Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs.
    The bill is supported by the American Farm Bureau Federation, American Soybean Association, American Sugarbeet Growers Association, Crop Insurance and Reinsurance Bureau, Crop Insurance Professionals Association, Farm Credit Council, Midwest Council on Agriculture, National Association of Wheat Growers, National Barley Growers Association, National Corn Growers Association, National Cotton Council, National Sunflower Association, USA Dry Pea and Lentil Council, U.S. Beet Sugar Association, U.S. Canola Association, U.S. Durum Growers Association, Southwest Council of Agribusiness and Western Peanut Growers Association.
    The bill text is available here.

    MIL OSI USA News

  • MIL-OSI USA: Giving Students Access to Healthy Local Food at School

    Source: US State of New York

    overnor Kathy Hochul today announced that $10 million has been awarded to two projects through round two of New York’s Regional School Food Infrastructure Grant Program. Projects on Long Island and in Central New York were awarded $5 million each to improve meal preparation and distribution for Kindergarten through Grade 12 students using local agricultural products. First announced in the Governor’s 2023 State of the State, the program will provide a total $50 million over five years to eligible applicants in all ten regions of New York State to facilitate the on-site processing and preparation of fresh, nutritious meals; increase the use of more healthy, local New York food products; and provide a boost to New York farmers.

    “Every New Yorker deserves access to fresh, locally grown, nutritious foods to eat,” Governor Hochul said. “This program is a great example of how we’re working together to connect the dots within our food systems, reduce food insecurity and support our producers. I congratulate the awardees and look forward to seeing these projects come to fruition.”

    Administered by the New York State Department of Agriculture and Markets, the Regional School Food Infrastructure Grant Program is providing critical funding for schools to aggregate, store, process and prepare farm products, making it possible to cook fresh, nutritious, scratch made meals for school children. The program also encourages workforce development by providing training to schools, communities and students for culinary arts, food processing, safe food handling and storage, logistics, delivery and more based on community need.

    The projects awarded in round two are:

    • East End Food Institute (Long Island) is being awarded $5 million to continue work on their Food Hub, which is positioned to serve as a centralized hub for food aggregation, processing and distribution in the Long Island Region. The project will focus on addressing logistical challenges that schools and institutions face in sourcing local food, such as constraints around bidding, pricing and distribution. East End Food Institute will incorporate workforce development training into the project by providing staff with training focused on food preparation and production. This project will support the following districts, Southampton Union Free School District, Westhampton Beach School District, Riverhead Central School District (CSD), Copiague School District, North Shore School District, and Half Hollow Hills School District.
    • Onondaga County Health Department (Central NY) is being awarded $5 million to develop a food business venture space to increase school access to New York State grown products across the Central New York region. To increase farm-to-school opportunities, this project will support the development of an expanded warehouse and distribution center to be rented and operated by Russo Produce, and a processing facility to be rented and operated by Upstate New York Growers & Packers. The facility will provide significant community-level benefits, including opportunity for strengthening the farm network in the region and beyond by providing meeting and office spaces. This project will support the following districts: Syracuse City School District, Auburn City School District, Baldwinsville CSD, Cazenovia CSD, Fayetteville-Manlius CSD, Lafayette CSD, Liverpool CSD, Marcellus CSD, Sandy Creek CSD, Southern Cayuga CSD, Syracuse Academy of Sciences, and West Genesee CSD.

    State Agriculture Commissioner Richard A. Ball said, “Ensuring our schools have the equipment they need to cook from scratch and use ingredients made by our farmers and producers is a crucial component of getting New York food directly into our communities. The Regional School Food Infrastructure program provides an opportunity to collaborate with our partners across the state to strengthen our food system and provide delicious, healthy and locally sourced meals to our students while supporting our farmers. I congratulate the awardees and thank Governor Hochul for her support of this program, which will have a lasting impact on our Long Island and Central New York communities.”

    In each of the five rounds of the program, two regions will be awarded $5 million each, until all regions are awarded. Funding from the first round of the program was awarded to projects in the North Country and in Western New York.

    State Education Commissioner Betty A. Rosa said, “The New York State Education Department is committed to ensuring that every student has access to the nutritious meals they need to grow, thrive, and reach their full academic and personal potential. Through the Regional School Food Infrastructure Grant Program—and in partnership with our colleagues at the Department of Agriculture and Markets—we’re helping to make certain that New York’s students receive the nutritious meals they need to be successful academically and meet the demands of a rigorous school day.”

    East End Food Executive Director Marci Moreau said, “East End Food extends our deepest thanks to Governor Hochul and the New York State Department of Agriculture and Markets. Their investment is transformational—for our schools, our farmers, and most importantly, our children. With this support, we can break down the barriers that have kept fresh, local food out of school cafeterias for too long. We’re building a regional food system that nourishes every student with dignity and health, while uplifting the producers who feed us. This is what the power of food looks like when community, equity, and sustainability come first. We are truly elated and honored to be part of this movement!”

    State Senator Michelle Hinchey said, “Every student in New York deserves access to healthy school meals made with local ingredients from New York farms. Farm-to-school programs help make that possible, but only if schools have the infrastructure to cook, store, and serve fresh food. This grant program delivers the capital needed to build those systems, helping our farmers gain reliable, in-state markets and making sure our kids are eating nutritious, high-quality food. Congratulations to the school districts on Long Island and in Central New York that will benefit from these critical investments.”

    Assemblymember Donna Lupardo said, “The Regional School Food Infrastructure Grant Program supports schools and other institutions in their efforts to incorporate fresh, local produce into the meals they serve. The program promotes healthy eating and supports hardworking farmers all while strengthening local food systems, making it especially impactful. These critical infrastructure investments will benefit multiple schools districts across two regions, paying dividends for years to come.”

    Onondaga County Executive Ryan McMahon said, “Onondaga County and Central New York is blessed with a rich and diverse agricultural economy and my administration has worked diligently to support and grow access to our abundance of fresh locally grown products. Thanks this important grant from our partners at New York Ag & Markets, we will be able to expand our efforts exponentially while also investing in our historic Regional Market.”

    Riverhead Town Supervisor Hubbard said, “We are extremely grateful for Governor Hochul’s awarding of the New York’s Regional School Infrastructure Grant Program. We have a very diverse community here in Riverhead and always face economic challenges. This will help ensure our students in grades K-12 have good nutritious food prepared for them while at school. This program not only helps provide local jobs but promotes the use of local agricultural products. Its a big win for our community. Thank you Governor Hochul!”

    Easthampton Supervisor Burke-Gonzalez said, “Farming is at the heart of East Hampton’s heritage, and economy. With this investment in the East End Food Institute’s hub, our local farmers will have new opportunities to get their fresh, homegrown food onto the plates of students across the East End, including right here in our own schools. We thank Governor Hochul and the Department of Agriculture and Markets for supporting our farmers and investing in the health and well-being of our students.”

    The Regional School Food Infrastructure program builds on New York’s many programs that prioritize local foods in schools, including tools to help school districts procure and purchase farm products from local producers, ensuring that New York remains New York’s first and best customer.

    The successful Farm-to-School program connects schools with local farms and food producers to strengthen local agriculture, improve student health and promote regional food systems awareness. Through the program, the Department of Agriculture and Markets provides financial, technical and promotional assistance to schools, farms, distributors and other supporting organizations to bring more local, nutritious, seasonally varied meals to New York students.

    The 30 Percent New York State Initiative further facilitates the provision of healthy New York sourced food products to children as part of their lunch meal in school. The initiative increases the reimbursement schools receive for lunches by 19 cents per meal for any district that ensures their school lunches are made up of at least 30 percent eligible New York produced and processed products. The Department of Agriculture and Markets took over administration of the program as part of Governor Hochul’s 2022 State of the State commitment to better connect farms and schools across New York. Since then, the program has seen increased participation from school food authorities, with a total of 73 school food authorities approved to receive enhanced reimbursement during this school year, up from 59 approved for reimbursement last year. In total, more than $9.7 million was spent on New York agricultural products during the 2023-2024 school year by schools applying for the incentive.

    Building on the work of these programs, Governor Hochul’s 2025 State of the State laid out a plan that will continue to support farmers, strengthen New York’s agricultural industry, and build a more resilient food supply in New York State.

    MIL OSI USA News