Category: Economy

  • MIL-Evening Report: Bringing manufacturing back from overseas isn’t an easy solution to Trump’s trade war

    Source: The Conversation (Au and NZ) – By Susan Stone, Credit Union SA Chair of Economics, University of South Australia

    Shutterstock

    The past week has seen the United States single-handedly rewrite the underlying paradigm for global trade. And while it is fair to say that the methods are extreme, the underlying goal of the policy is not unique to the US.

    Indeed, the push to support, and expand, domestic manufacturing through policy intervention is experiencing a resurgence not seen since the 1970s.

    Many people believe the COVID pandemic exposed weaknesses in global supply chains. In reality, the pandemic simply accelerated an existing trend of slowing of integration.

    Growing concerns around trade wars and risks from climate shock existed prior to COVID with both policymakers and firms rethinking globalisation strategies.

    Countries were also becoming concerned about the manufacturing dominance of China and the potential weaponisation of economic activity.

    The risks of rising concentration

    The expansion of international trade has led to massive efficiencies in production.

    But it has also led to concentration of certain sectors in certain regions. Examples include software development in Silicon Valley, semiconductor manufacturing in Taiwan and critical minerals processing in China.

    The Apple campus in Silicon Valley: no other country has been able to match the tech hub.
    Shutterstock

    This geographic concentration started to raise concerns for many countries. Reasons include climate events disrupting supply chains, pandemics and increasingly, geopolitical concerns.

    In response to the rise in economic concentration, countries as diverse as Japan, South Korea, the European Union, India, Brazil and the US introduced policy actions to promote or return certain critical sectors to domestic production.

    Australia’s Future Made In Australia plan is a prime example of this.

    Trade disruptions

    Even before the Trump tariffs, the US and other countries were alarmed by China’s control over key manufacturing sectors, and its associated ability to disrupt trade and commerce.

    Australia experienced this first-hand when China imposed significant tariffs on wine and barley in response to Australia’s call for a COVID inquiry.

    China’s willingness to use its economic position was demonstrated on Friday when it announced not just retaliatory tariffs, but export restrictions on seven categories of rare earth minerals. These are critical to strategic US sectors affecting companies like Apple and defence contractor Lockheed Martin.

    Government support on the rise

    This shift to increased economic resilience through self-reliance has led to a big surge in government intervention through industrial policies.

    The objective of industrial policy is to target certain sectors in order to change the structure of economic activity within a country. It uses government policy to promote investment in sectors deemed under-served by markets.

    While all countries have used some level of industrial policy, historically it was mainly confined to developing economies. It has been used sparingly since the 1970s. Between 2009 and 2017, the total number of industrial policies used by countries was less than 200.

    Between 2017 and 2023 the use of industrial policy increased nine-fold. In 2023, there were roughly 2,500 industrial policy interventions put in place with two-thirds introduced by advanced economies. Almost 48% were concentrated in three: China, the EU and the US.

    Intervening in markets

    Generally, industrial policy has been out of favour with mainstream economists. It is very hard to get right as it relies on an in-depth knowledge of industries as well as an ability to predict the future.

    Providing funding for one sector means less funding available for others. This could undermine new technologies or other as-yet unseen opportunities. It involves shifting resources from existing, efficient uses to less efficient uses.

    It rarely works. A prime example are the many countries that have spent billions of dollars trying to recreate a domestic Silicon Valley with no success.

    However, Trump is trying to do just that, on an economy-wide scale, mainly through tariffs. The tariffs announced also imply the US will go it alone. The approach takes fragmentation to a new level, where bilateral negotiations are the name of the game.

    Shifting global alliances

    Meanwhile the response from other nations such as Canada, Southeast Asian economies and even Europe, is to diversify and form new alliances without the US.

    Indeed, the Canadian Prime Minister’s first trip overseas was not, as tradition dictates, to the US, but to Europe and the UK, whom he dubbed “reliable” partners.

    Becoming more isolated and pushing other countries to China may not be what the US intends, but it is happening.

    Last week, Japan and South Korea announced a joint strategy with China to promote regional trade. The EU’s trade representative went to Beijing shortly after the tariff announcement where the two nations announced plans to “deepen trade and investment” ties.

    The risks of highly integrated supply chains in the face of security concerns, or changes in a trading partner’s domestic policy, have become glaringly clear.

    How countries choose to address these concerns, especially through the widespread use of industrial policy, will create further disruption to markets. While it is considered politically expedient for security concerns, this will raise prices and limit choice in domestic markets. As the old adage reminds us, there is no free lunch.

    Susan Stone does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Bringing manufacturing back from overseas isn’t an easy solution to Trump’s trade war – https://theconversation.com/bringing-manufacturing-back-from-overseas-isnt-an-easy-solution-to-trumps-trade-war-253744

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Feenstra, LaHood Introduce Legislation to Build More Affordable Housing in Rural Communities and Nationwide

    Source: United States House of Representatives – Representative Randy Feenstra (IA-04)

    WASHINGTON, D.C. – Today, U.S. Reps. Randy Feenstra (R-IA) and Darin LaHood (R-IL) – alongside more than 100 original cosponsors in the U.S. House of Representatives – introduced the Affordable Housing Credit Improvement Act, which would support the financing and development of affordable housing in rural communities and nationwide.

    “In rural Iowa, access to affordable housing is critical for young families looking to plant their roots, local businesses attracting employees, and the long-term growth of our economy. However, with housing costs consistently increasing and construction projects being more difficult to finance in rural areas, we need to enact smart and cost-effective strategies to expand the housing supply and bring down prices,” said Rep. Feenstra. “I’m glad to work with my Ways and Means Committee colleague, Rep. Darin LaHood, to introduce the Affordable Housing Credit Improvement Act to expand and improve incentives in the tax code to build more housing. This commonsense policy will pay dividends for affordable housing in rural Iowa and help our families find housing options that fit their budgets.”

    “As I travel throughout Illinois’ 16th Congressional District, I frequently hear how the shortage of affordable housing impacts our communities throughout central and northwestern Illinois,” said Rep. LaHood. “To address this growing crisis across the country, Congress must strengthen tools to drive investment into affordable workforce housing and expand housing options for hardworking families nationwide. I am proud to reintroduce the bipartisan Affordable Housing Credit Improvement Act alongside Representatives DelBene, Tenney, Beyer, Feenstra, and Panetta to strengthen our communities and support economic development.” 

    Since its creation, the Housing Credit has built or restored more than 3.5 million affordable housing units, nearly 90% of all federally funded affordable housing during that time. Roughly 8 million American households have benefited from the credit, and the economic activity that it generated has supported 5.5 million jobs and generated more than $617 billion in wages.

    The Affordable Housing Credit Improvement Act will support the financing of nearly two million new affordable homes across the country by:

    • Increasing the number of credits allocated to each state by 50 percent for the next two years and making the temporary 12.5 percent increase secured in 2018 permanent. These credits have already helped build more than 59,000 additional affordable housing units nationwide.
    • Increasing the number of affordable housing projects that can be built using private activity bonds. This provision stabilizes financing for workforce housing projects built using private activity bonds by decreasing the amount of private activity needed to secure Housing Credit funding. As a result, projects would have to carry less debt, and more projects would be eligible to receive funding.
    • Improving the Housing Credit program to serve at-risk and underserved communities, including veterans, victims of domestic violence, and rural Americans.

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    MIL OSI USA News

  • MIL-OSI Canada: Modernizing municipal processes

    [. That is why Alberta’s government is proposing amendments through the Municipal Affairs Statutes Amendment Act, 2025 to modernize and streamline municipal processes in the Local Authorities Election Act, the Municipal Government Act, and the New Home Buyer Protection Act. These amendments build upon previous legislative changes.

    “We’re proposing updates to legislation to ensure that Albertans’ local governments deliver them the best results by working collaboratively, and that their investments in new homes are protected. Our proposed amendments are based off consultations with industry and municipal partners and will help our government deliver just that for Albertans.” 

    Ric McIver, Minister of Municipal Affairs

    Aligning municipal campaign finance rules and enhancing voter accessibility

    Proposed changes to the Local Authorities Election Act (LAEA) would improve fairness and transparency in local elections – especially in Calgary and Edmonton – by allowing campaign funds to be shared between local political parties and their candidates, just like at the provincial level. Parties would also be required to disclose their financial records ahead of the October 2025 municipal elections, giving voters better insight into campaign financing.

    Other LAEA amendments are specific to the Municipality of Jasper, where Alberta’s government remains committed to supporting residents as they recover from last year’s wildfires. As part of this work, proposed amendments will allow residents who remain temporarily displaced to vote and run in the upcoming local elections, provided they intend to return to the community.

    To preserve the voting rights of Albertans who live with disabilities, proposed amendments would also enable municipalities to use elector assistance terminals for the upcoming fall 2025 local elections. Elector assistance terminals do not count ballots, are not connected to a vote-counting network and do not replace paper ballots.

    “The Canadian National Institute for the Blind (CNIB) fully supports the proposed amendment to the LAEA. This amendment will ensure that all Albertans who are blind, Deafblind, or have low vision will have equal opportunity to vote secretly and with dignity in upcoming municipal elections.”

    Robert Fenton KC, chair, Canadian National Institute for the Blind

    Eliminating Council Codes of Conduct

    In recent years, municipal codes of conduct have been weaponized between elected members of some local councils in Alberta, resulting in mistrust, dysfunction and failure to serve Albertans. Proposed amendments would repeal the requirement for municipal councils to have a formal code of conduct and prevent them from implementing their own locally developed codes of conduct.

    This will help ensure council members are held accountable at the polls, every four years, by the voters who initially elected them. They may also be recalled by a petition of electors. If the bill passes, Alberta’s government will engage with municipalities on the establishment of common practices for municipal councils and an independent ethics commissioner to address ethics matters involving municipal council members.

    Updating Intermunicipal Collaboration Frameworks

    Intermunicipal Collaboration Framework (ICF) agreements foster collaboration between municipal neighbours to improve the delivery of intermunicipal services for Albertans, but some municipalities have expressed concern that some of the rules around ICFs create confusion and unnecessary red tape. Proposed amendments, based on feedback and engagement with municipal partners, would address these concerns by specifying which intermunicipal services must be included in an ICF, and strengthen the dispute resolution process to ensure ICFs are adopted and implemented effectively.

    “Alberta Municipalities is encouraged by the provincial government’s efforts to improve legislation related to Intermunicipal Collaboration Frameworks by clarifying rules and streamlining processes. We also welcome its efforts to improve the quality of newly built housing and make home warranties more effective.”

    Tyler Gandam, president, Alberta Municipalities

    Strengthening protections for new home builders and buyers

    If passed, the Municipal Affairs Statutes Amendment Act, 2025 would also help safeguard the investments of hard-working Albertans by enhancing protections that ensure homes are built to meet construction safety and quality standards. Proposed amendments would streamline owner-builder applications, offer greater flexibility in warranty exemptions and enable the creation of an advisory group for homebuyer protections. This approach will strengthen consumer protection and improve affordability by making existing programs more effective, efficient and user-friendly while providing a safety net that helps protect all parties in the event of construction defects.

    Future changes to regulations will also introduce builder competencies and establish a robust system to resolve disputes.

    “The Government of Alberta and Municipal Affairs continue to show leadership in strengthening consumer protection while supporting housing affordability. The proposed changes will help ensure homes continue to be built to high safety and quality standards, while supporting increasingly efficient systems and procedures for administering new home warranty.”

    Scott Flash, chief executive officer, BILD

    Quick facts

    • The Local Authorities Election Act establishes the framework for the conduct of elections in Alberta municipalities, school divisions, irrigation districts and Metis Settlements.
    • The Municipal Government Act establishes the rules governing the conduct of local elected officials once on council, as well as the overall administration and operation of municipal authorities in Alberta, including any policy those authorities may wish to implement.
    • The New Home Buyer Protection Act makes home warranty coverage mandatory for new homes in Alberta.
      • This legislation applies to single-family homes, multi-family homes, duplexes, condominiums, manufactured homes and recreational properties constructed under a building permit applied for on or after February 1, 2014.

    Related information

    • Modernizing municipal processes
    • Bill 50: Municipal Affairs Statutes Amendment Act, 2025

    Related news

    • Accountable and transparent local elections (Oct. 18, 2024)
    • Strengthening Alberta’s local elections (April 25, 2024)

    Multimedia

    • Watch the news conference
    • Listen to the news conference

    MIL OSI Canada News

  • MIL-OSI USA: Pingree and Newhouse Relaunch Bipartisan Food Recovery Caucus to Renew Congressional Action on Food Waste

    Source: United States House of Representatives – Congresswoman Chellie Pingree (1st District of Maine)

    As part of National Food Waste Prevention Week, U.S. Representatives Chellie Pingree (D-Maine) and Dan Newhouse (R-Wash.) relaunched the bipartisan Congressional Food Recovery Caucus, renewing efforts in Congress to combat food loss and waste nationwide. Originally co-founded by Pingree in 2018, the caucus aims to spotlight commonsense, bipartisan solutions to reduce waste across the food supply chain. The Food Recovery Caucus will continue to educate Members of Congress and staff, support federal efforts to reduce food loss and waste, and uplift successful initiatives from across the country that are rescuing surplus food and fighting hunger.

    “Across the country, tens of millions of Americans face food insecurity—yet we’re throwing away perfectly edible food every day,” said Pingree. “Food waste is a moral, economic, and environmental crisis. I’m proud to relaunch the bipartisan Food Recovery Caucus with Congressman Newhouse to bring greater awareness to this issue and advance smart policies to reduce instances of food loss and waste. 

    “Food security is a real issue for millions of Americans, and the rate in which we waste food in the U.S. continues to climb,” said Newhouse. “I am proud to relaunch the Food Recovery Caucus alongside Rep. Pingree to tackle this issue in Congress and ensure those in need have access to the healthy food our farmers and ranchers work hard to deliver.” 

    “In the U.S., almost $400B worth of food goes uneaten every year, and reducing this waste has significant benefits for our communities, environment, and the economy,” said Pete Pearson, Steering Committee Member, Zero Food Waste Coalition. “Today’s relaunch of the Food Recovery Caucus demonstrates the strong potential for action on this bi-partisan issue.”  

    In 2018, Pingree launched Congress’s first-ever Bipartisan Food Recovery Caucus. The 2018 Farm Bill included Pingree’s provisions to create the first full-time food loss and waste liaison at USDA, a composting and food waste reduction pilot program, and the Local Agriculture Market Program (LAMP) to reduce on-farm waste.

    Click here to learn more about Pingree’s efforts to reduce food waste.

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    MIL OSI USA News

  • MIL-OSI USA: Chairman Aguilar: Republican incompetence is crashing the economy with reckless tariffs

    Source: US House of Representatives – Democratic Caucus

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI – April 08, 2025

    WASHINGTON, D.C. — Today, House Democratic Caucus Chair Pete Aguilar and Vice Chair Ted Lieu were joined by Representatives Adam Gray, Tim Kennedy and Andrea Salinas for a press conference on the reckless Republican tariffs that are crashing the economy and draining the retirement accounts of Americans.

    CHAIRMAN AGUILAR: Good morning. Pleased to be joined with Representatives Gray, Kennedy and Salinas here today. On behalf of the Vice Chair and I, we also are pleased to welcome the Los Angeles Dodgers to the Washington, D.C. area. Look forward to catching a game this homestand.

    Donald Trump has imposed the largest tax increase in 50 years on every single American. Republican incompetence is crashing the economy with reckless tariffs and bleeding the accounts, the retirement accounts, of Americans dry. We’re watching a global recession take hold because of the boneheaded policies of one person—which will cause hardworking people to lose their jobs, potentially lose their homes and their health care. At the same time, Republicans in Congress are preparing to cut Medicaid by $880 billion so they can give a massive tax cut to billionaires. They are telling us with a straight face—that the economic growth will pay for these tax breaks—while the economy is in a tailspin. The truth is, passing the Republican budget would be a death blow to the American economy. And the people that get caught in the crossfire of this Republican Recession will be hurt the most by Medicaid as a tool that Republicans want to chip away at. Congress needs to take away the keys of economic policies like tariffs from this incompetent Administration and restore some stability to the economy. House Democrats are going to continue to prioritize the economic needs of the American people by working to bring down costs, make health care more affordable and looking out for everyday Americans. With that, I’ll turn it over to Vice Chair Ted Lieu.

    VICE CHAIR LIEU: Thank you, Chairman Aguilar. As an American and as a veteran, my heart goes out to the four U.S. soldiers who tragically died in an accident in Lithuania. The Lithuanian President did a very dignified ceremony for those four U.S. soldiers. And when those four soldiers’ caskets landed at Dover Air Force Base last Friday, at a transfer ceremony, U.S. officials greeted them, elected officials greeted them, but Donald Trump was not there. Donald Trump instead chose to go to a golf tournament, and I’m just going to read to you what one of the persons at this ceremony said. He deployed to Iraq. His name is Blythe Potter. He’s a Military Police Corps veteran. He said, ‘I have never been so embarrassed to be an American.’ President Trump should have been at that transfer ceremony for the four fallen U.S. soldiers, instead of at his golf tournament. 

    I now want to also echo what Chairman Aguilar said about the tariffs. They are a tax on the American consumer. As all of you know, the way tariffs work is when the foreign products come to our ports, the American company that imported those products pays the tariff, not the foreign country. And what happens when this American company pays that tariff? Well, they’re going to pass on those costs to the consumer and the prices are going to increase. And poll after poll, we see that the overwhelming majority of American people oppose tariffs. There are ways to try to make competition more fair, but let’s not do it by increasing prices on Americans.

    And their estimates, it’s going to be about $3,800 per family in terms of increased costs. And then let me also now congratulate Susan Crawford for winning the Wisconsin Supreme Court race last week. What we saw there was the world’s wealthiest man, Elon Musk, tried to buy the election, spending over $20 million, and the people of Wisconsin figured that out, and they overwhelmingly elected Susan Crawford. So, what was once Elon Musk’s greatest asset, his money, has now become his greatest liability because the people now understand that he’s trying to buy elections, and they overwhelmingly vote against that.

    And then the Hands Off protests that we saw this past weekend were amazing. The American people are waking up, that Trump and Republicans’ policies are harming our nation. So now it is my honor to introduce my friend Adam Gray, who I had the honor of serving with in the California State Legislature. So thrilled he is now in Congress and represents the Central Valley.

    REP. GRAY: Good morning, and thank you Chairman Aguilar and Vice Chair Lieu for inviting me to speak with you this morning. I represent California’s San Joaquin Valley, the world’s largest agricultural region. The President’s recent announcement of tariffs on our global trade partners poses a serious risk to farmers in the San Joaquin Valley and across the country. The last time blanket tariffs went into effect under President Trump’s first administration, California farmers lost an estimated $683 million in crop revenue. The most significant losses were concentrated in tree nuts and dairy products, among others, which are top exports from the San Joaquin Valley. 

    In fact, the California delegation recently received a letter from ag industry leaders in California pleading with Congress to support common-sense measures that will protect fair competition for their products and defend our nation’s food supply. This group of producers represent more than 400 commodities and billions of dollars of revenue. They warn of uncertain market conditions, disrupted business operations, increased costs associated with retaliatory tariffs. This all poses a significant risk to family-owned farms, which account for over 95% of American agricultural operations. I grew up in the ag industry. My family owned and operated a dairy supply store. My grandparents grew pistachios. Like many Valley families, I know personally how tight budgets are. I know how one bad season can derail an operation for years. These aren’t just individual farmers or business owners who will lose jobs or shutter businesses. These are entire communities like mine in the Central Valley who rely on the ag industry to power their economy. 

    Rather than work with Congress to make precise, strategic changes to our trade policy, the President has decided to impose sloppy, blanket tariffs and stuck American farmers with the bill. I’m ready to work with anyone and everyone who is serious about rising above partisan politics to protect our ag communities from the impacts of tariffs. We must do something now. Our farmers deserve it. Our communities deserve it. With that, I’m happy to introduce my colleague, Representative Tim Kennedy.

    REP. KENNEDY: Morning. First, I want to thank Democratic Caucus Chair Pete Aguilar and Vice Chair Ted Lieu for not only bringing us together this morning, but for their continued leadership on this issue and so many other issues. Before Trump’s tariffs plunged us and the entire world into chaos. Western New Yorkers that I represent were sounding the alarm on the President’s trade war. As a representative of a border community in Buffalo in the Niagara region and the Co-Chair of the Northern Border Caucus, families in my region know how important our ties are with our Canadian neighbors. In my district, trade with Canada supports tens of thousands of jobs, nearly 30,000 jobs, and brings in over a half a billion dollars in purchases by Canadians every year. Across the border, there’s $1.3 trillion of commerce every single year, billions of dollars a day, supporting states all across the northern border, but all across our great country. Again, in Western New York, Canadians pour over the border, whether it’s going to a Bills game or a Sabres game or shopping or using our restaurants, sleeping at our hotels, over 40 percent of the 5 million enplanements out of the Buffalo Niagara International Airport are Canadian citizens.

    Our economies are reliant upon each other and benefit from the tremendous relationship that we have, economically, culturally, historically and presently. However, Trump’s tariffs are putting our hardworking families in Western New York at risk, and it’s hurting our entire national and international economy. Cross-border traffic is down by double digits from last year, robbing small businesses across the country of tourism dollars. Tariffs that are being put in place across the borders, these blanket tariffs, including on things like lumber, that are hurting homeownership, especially new homeowners. They’re also stymieing development and other industries, including steel fabrication, auto manufacturing, craft brewing, logistics. Every industry across the board is worrying about supply chain disruption, skyrocketing operating costs and keeping their employees on the payroll. Businesses are going to be hurt by these tariffs. Jobs are going to be lost in our country because of these tariffs, because our economy is so tightly intertwined with Canada’s. People in my district and across the country are being hit right in their pocketbook already. Meanwhile, Donald Trump is golfing at his own club while trillions of dollars are wiped away from American citizens and hardworking families and their retirements that they were dependent upon, as we risk this Republican Recession.

    But Trump’s tariffs aren’t just robbing folks of their retirement savings and driving up the cost of housing, groceries, clothes and gas, his indiscriminate blanket tariffs are putting our allies on the same playing field as our adversaries. Trump inherited an improving economy with low unemployment, and he crashed it. He inherited the strong alliance and friendships we have with Canada, with our European allies, with our global allies, and he crushed them. Trump’s tariffs sent a message to our friends and allies that we no longer are the reliable partners that they can depend upon, and hardworking families in Western New York and across the country are paying the price. They are setting our nation down a dangerous path of chaos, stealing from American families and jeopardizing our alliances, all to justify tax cuts for the richest Americans. This is wrong, and we’re not going to stand for it. We’re not going to sit back and hang tough like the president suggests we do. We’re going to continue to use our voices and demand an end to Trump’s tariffs and get back to work creating an economy that benefits all hardworking families across this great country. With that, I yield to a wonderful Representative Salinas.

    REP. SALINAS: Well, thank you, Chair Aguilar, Vice Chair Lieu and everyone for being here today. As my colleagues have already pointed out, President Trump’s tariffs have created chaos and uncertainty across the country and around the world. Many Americans have spent the last few days watching their retirement savings go up in smoke and bracing for a recession or possibly worse. But instead of doing something to stop the bleeding, Donald Trump spent the weekend, as has already been mentioned, playing golf with billionaires. In case there was any confusion about where his priorities are, he clearly is more interested in improving his golf game than improving the economy.

    Trump’s reckless and harmful approach to tariffs will devastate states like Oregon, where our economy relies heavily on trade. From wine to wood products, Oregon exports billions of dollars worth of homegrown goods every year and we import billions more. All things considered, Trump’s tariffs are going to raise taxes on Oregon businesses and families to a tune of about $7.5 billion per year. So, whether you’re a hazelnut grower in the Willamette Valley or a small business owner in Salem, hardworking Americans, not foreign countries, will end up footing the bill. And those costs add up. Experts have estimated that the average family will pay about $73 more per week, or close to $4,000 more per year for everyday necessities. It’s frankly reprehensible that this President is choosing, and I want to be clear, this is a choice, to play roulette with people’s hard-earned money, and roll the dice on whether our folks can afford food, pay the rent, send their kids to college or even retire right now.

    And don’t be fooled, this is not a market correction. It is a market disruption of the highest magnitude. I won’t stand for it. My colleagues will not stand for it. House Democrats are united in our opposition to Trump’s tariff tyranny, and we will continue to speak out against his attacks on working families. What we won’t do is let Republicans in Congress off the hook. They have the power to stop this, these tariffs, right now, and they’re refusing to fulfill their constitutional duty. Our message is clear: Democrats will not bow down to billionaires. We will fight back with everything we have to protect our constituents from the great Republican Rip Off. Thank you.

    Video of the full press conference and Q&A can be viewed here.

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    MIL OSI USA News

  • MIL-OSI: Draft resolutions prepared by the Board for the shareholders’ meeting of Invalda INVL to be held on 30/04/2025

    Source: GlobeNewswire (MIL-OSI)

    The draft resolutions prepared by the Board of Invalda INVL (company code 121304349, registered office address Gynėjų str 14, Vilnius, Lithuania) are submitted to the Ordinary General Meeting of Shareholders to be held on 30 April 2025.

    The draft resolutions of the General Shareholders Meeting:
    1. Presentation of the public joint stock company Invalda INVL consolidated annual management report for 2024.
    Shareholders of the public joint stock company Invalda INVL are presented with the Consolidated Annual Management Report of the Company for 2024 (attached). There is no voting on this issue of agenda.

    2. Presentation of the independent auditor’s report on the financial statements and consolidated annual management report of the public joint stock company Invalda INVL.
    Shareholders of the public joint stock company Invalda INVL are presented with the independent auditor’s report on the financial statements and consolidated annual management report of the Company (attached). There is no voting on this issue of agenda.

    3. Approval of the consolidated and stand-alone financial statements for 2024 of the public joint stock company Invalda INVL.
    To approve the consolidated and stand-alone financial statements for 2024 of the public joint stock company Invalda INVL (attached).

    4. Resolution regarding profit distribution of the public joint stock company Invalda INVL.
    To approve the profit distribution of the joint-stock company Invalda INVL in accordance with the draft profit distribution proposed by the Board (attached).

    5. Decision on approval of the Remuneration Report of the public joint stock company Invalda INVL.
    To approve the Remuneration Report of the public joint stock company Invalda INVL for 2024 (included into the Consolidated Annual Report as Annex 4).

    6. Resolution regarding purchase of own shares of the public joint-stock company Invalda INVL.
    Until the day of the General Shareholders meeting the reserve for the purchase of own shares which is equal to EUR 9,100 thousand is not used.
    To use the reserve (a part of it) for the purchase of own shares and to purchase shares of Invalda INVL under these conditions:
    1) The goal for the purchase of own shares is to reduce the share capital of Invalda INVL by cancelling own shares acquired by the company and/or to fulfil the obligations related to the share option schemes (options) if it is decided to choose this method of granting shares.
    2) The maximum number of shares to be acquired – the nominal value of own shares may not exceed 1/10 of the share capital.
    3) The period during which the company may purchase its own shares – 18 months from the day of this resolution.
    4) The maximum and minimal one share acquisition price: the maximum one share acquisition price – value of consolidated equity per one share calculated according to the last publicly announced data of the consolidated equity of Invalda INVL before the decision of the Board is taken; minimum one share acquisition price is EUR 1.
    5) The conditions of the selling of the purchased shares and minimal sale price: Purchased own shares (including the shares acquired before the adoption of this decision) may be cancelled by the decision of the General Shareholders Meeting or by the decision of the Board granted the right to acquire the shares for the employees upon conditions of the Rules for Granting Equity Incentives. The acquired shares will not be sold and therefore no minimum selling price and no procedure for the sale of the shares are set.
    The Board of Invalda INVL is hereby mandated to:
    (i) To initiate a reduction of the Company’s share capital within the time limits specified by law if the nominal value of the own shares acquired and held exceeds 1/10 of the share capital.
    (ii) Subject to the conditions set out in this decision and the requirements of the Law on Companies of the Republic of Lithuania, take decisions regarding purchase of own shares of Invalda INVL, organise the purchase of own shares, determine the method, procedure and timing of the purchase of the shares, the number of shares and the price of the shares, and carry out any other actions relating to the purchase of own shares.
    As of the date of this resolution, the resolution of the Annual General Meeting of 30 April 2024 regarding the acquisition of own shares will expire.

    7. Resolution regarding the exercise of stock options granted to Invalda INVL Group employees in 2022.
    Pursuant to the decision of the General Meetings of Shareholders of 30 April 2022, on the basis of which stock option agreements on the acquisition of shares of Invalda INVL in 2025 were concluded with the employees of Invalda INVL and companies in which more than 50% of the shares are owned by Invalda INVL, to establish that the right of the employees to acquire the said shares is exercised by transferring to the employees own shares acquired by the company.
    To establish that, for the exercise of the stock options granted in 2022, the transfer price and the maximum number of own shares of the Company to be transferred shall be:
    A) If the shareholders’ meeting of 30 April 2025 does not approve the proposed distribution of profit and no dividends are allocated, up to a maximum of 40,862 units shall be transferred to the employees at a price per share of EUR 0.90, i.e. the purchase price of EUR 1 (one) set by the shareholders’ meeting of 30 April 2022 shall be reduced by the amount of the dividends paid prior to the signing of the share purchase agreement.
    B) If the shareholders’ meeting of 30 April 2025 approves the proposed distribution of profit and a dividend of EUR 1.25 per share is allocated, taking into account that the amount of dividends per share allocated from the date of conclusion of the option agreement to the date of signing the share purchase agreement exceeds the fixed acquisition price of EUR 1 (one), the shares shall be granted to the employees free of charge and the amount of the granted shares shall be converted in accordance with the following formula in order to preserve the economic rationale of the agreement for concluding the share purchase agreement: (0.35 (difference resulting from the payment of dividends since the conclusion of the option agreement) * number of shares allotted in 2022)/(EUR 18.80 (the higher of the closing price at the end of 2024 between the share market price and the NAV per share) – EUR 1.25 (dividends allocated)). The calculated number of shares is rounded according to mathematical rules. The number of shares to be transferred to the employees is recalculated in this way to 41,678 units.

    8. Resolution regarding the number of ordinary registered shares of Invalda INVL for which employees shall be offered stock options contracts during the year 2025 and regarding the price of the shares.
    It is offered for the employees of Invalda INVL and of the companies, in which Invalda INVL owns 50% or more  shares, during the year 2025 to sign stock options contracts, on the basis of which, according to the procedures and terms established in stock options contracts, in year 2028 employees will be able to exercise the right to acquire up to 100,000 ordinary registered shares of Invalda INVL of EUR 0.29 nominal value.
    To provide that the shares will be granted free of charge. If the company has declared dividends or paid out free funds per share prior to the grant of the shares, the number of shares to be granted will be recalculated in accordance with the following formula in order to preserve the economic logic of the share purchase agreement: (dividends granted per share at the General Shareholders Meetings in 2026, 2027 and 2028 and/or free funds disbursed per share in the period 2025 – 2028 prior to the grant of the shares) * number of shares allotted in 2025)/(the higher of the price at the end of 2027 between the share market price and the NAV per share – dividends declared at the General Shareholders Meeting in 2028 and/or free funds disbursed per share in the period 2028 prior to the grant of shares). If the shares are granted before the record date for the 2028 dividend, such dividends per share shall not be included in the conversion formula. The number of shares recalculated in accordance with this formula shall be deemed to be approved by the shareholders in accordance with the Rules for Granting Equity Incentives. If in 2028 newly issued shares are granted, the issue price per share will be equal to the nominal value of the share and it will be paid in full by Invalda INVL from the company’s reserve for granting shares.

    The person authorized to provide additional information is:
    Darius Šulnis, CEO of Invalda INVL
    Darius.Sulnis@invl.com

    Attachments

    The MIL Network

  • MIL-OSI: Audited results of Invalda INVL Group for 2024

    Source: GlobeNewswire (MIL-OSI)

    Invalda INVL reported equity of EUR 222 million at the end of December 2024, or EUR 18.48 per share. These figures were 25.4% and 25.3% higher, respectively, than a year earlier, including the dividends paid last year.

    In 2024, Invalda INVL earned an audited net profit of EUR 44.4 million, compared with EUR 45.8 million in 2023, when a strategically important merger of Invalda INVL group’s retail businesses with Šiaulių bankas was completed. From last year’s profit, the company proposes a dividend payout of EUR 15 million, or EUR 1.25 per share. The proposal will be put to a vote at the general meeting of shareholders on 30 April.

    “2024 was a successful and profitable year for our clients and for the Invalda INVL group. In a rapidly changing geopolitical and economic environment, we consistently focus our work on creating long-term value by investing, ensuring asset diversification and liquidity for our clients, and growing and strengthening the managed businesses to enhance their competitiveness,” says Darius Šulnis, the CEO of Invalda INVL.

    The group generated gains of EUR 157 million for its clients last year. Client assets under management grew by 17% during the year, reaching EUR 1.68 billion at the end of December 2024.

    Strategic core business: asset management and family office activities

    Invalda INVL’s revenue from the management of assets entrusted by its clients totalled EUR 14.1 million in 2024, 16.5% less than in 2023. The decline in the period of comparison reflects the exclusion of revenue from the retail business, which was transferred to Šiaulių Bankas in early December 2023.

    The 2024 profit of strategic core business of the group, which also includes the company’s own investments in the products it manages, amounted to EUR 17.8 million, compared with EUR 39.4 million in 2023.

    The activities of the INVL Baltic Sea Growth Fund (INVL BSGF) were among last year’s most significant events. In February 2024, the fund acquired the buckwheat producer and grain trader company Galinta, and near the end of the year the fund signed an agreement to acquire shares in Pehart Group, a leading producer of household and industrial paper products in Romania. The completion of that transaction will make Pehart Group the INVL BSGF’s 10th and the last investment. Also, a new milestone for the fund was launched: in March 2025, the INVL BSGF completed the sale of InMedica Group, private healthcare network, demonstrating the success of the fund’s strategy to build sector leaders. During the 6 years of the fund’s investment in InMedica Group, the company increased its revenues more than 15 times, and the group grew from 18 clinics to a network of 89 medical clinics, hospitals and laboratories.

    “The remaining portfolio companies of INVL Baltic Sea Growth Fund are also being successfully strengthened, and some are already being prepared for the sale. In 2025, we will focus on generating cash flows from the fund’s portfolio along with a solid return for our investors,” Darius Šulnis says.

    Last year the preparatory work was carried out for a second-generation private equity fund, which has begun operations in 2025. Having raised EUR 305 million, INVL Private Equity Fund II,  the largest private equity fund in the Baltics, has started operations, exceeding its target size in the first closing.

    Total revenues across the Invalda INVL group’s portfolio companies of private equity funds amounted to EUR 854 million in 2024, with EBITDA totalling EUR 207 million and combined 12,500 employees at year-end.

    The investment opportunities offered by Invalda INVL Group in global third country funds have also been well received by investors in the Baltic region. The INVL Partner Global Real Estate Fund I, established early last year, attracted USD 13.25 million from investors, while the INVL Partner Power Opportunities Fund, launched in September 2024, raised USD 24.71 million.

    The INVL Renewable Energy Fund I is due to complete its investment phase this year and prepare to manage power generation projects that will begin producing revenue. The fund’s team will also focus on realizing value, which may include the potential sale of projects. In 2025, work began on analyzing possible scenarios for the establishment of a second renewable energy fund with a broader infrastructure strategy.

    The INVL Sustainable Timberland and Farmland Fund II entered a new geographic market in 2024 with its acquisition of forests in Romania as the fund’s total portfolio of land and forest exceeded 20,000 hectares. This year the fund will focus on improving the quality of its portfolio, undertaking value-creating transactions and seeking to ensure a steady revenue generation and achieve the targeted return for investors.

    INVL Technology earned a net profit of EUR 8.1 million in 2024, 56.6 more than in 2023. The price of the company’s shares on the stock exchange rose nearly 70% last year. In mid-March 2024, INVL Technology announced that it had signed an agreement with an investment advisor and M&A intermediary for the sale of the company’s portfolio of businesses.

    INVL Baltic Real Estate, the real estate investment company, had a consolidated net profit of EUR 2.74 million last year, which is 3.9 times the figure for 2023.  INVL Baltic Real Estate completed the sale of a property holding in Latvia last year in a transaction valued at EUR 7.45 million.

    As of late 2024, INVL Asset Management became the manager of INVL Bridge Finance, a fund that is successfully operating in the private debt market.

    The INVL Family Office continued its successful activities in Lithuania and expanded operations in the other Baltic countries. The first clients are already being served in the Family Office representative offices in Latvia and Estonia.

    Equity investments

    Invalda INVL’s other equity investments, aside from the asset management, had a EUR 32.1 million impact on earnings in 2024.

    This result was positively influenced by the strong performance of the banks in which the company holds stakes, along with their growth in value and dividend payouts. Invalda INVL has investments in Šiaulių Bankas and in maib, Moldova’s largest bank.

    The positive impact of Šiaulių Bankas on Invalda INVL’s pretax profit, including dividend payments, was EUR 23.6 million. In 2024, the bank has successfully integrated the INVL retail business, moved forward with a business transformation to strengthen the bank, and, in April this year, announced plans to change its name to Artea. Šiaulių Bankas last year earned a record EUR 79.3 million net profit and half of it has allocated to dividends. The bank’s share price on the stock exchange rose 19% during 2024. 

    During the last year, maib once again delivered solid financial results in 2024, reflecting both resilience and sustainable growth in all business segments. The bank had an unaudited net profit of EUR 73.4 million last year and paid EUR 39.4 million in dividends. Maib made the positive influence of EUR 4.8 million on Invalda INVL’s pretax profit.

    Litagra, one of the largest agribusiness groups in Lithuania, has benefited from favourable market trends.  Since the second half of 2024, the company’s revenue, EBITDA and profit have recovered and increased. Litagra had a positive influence of EUR 3.3 million on Invalda INVL’s result for 2024.

    The person authorized to provide additional information is:
    Darius Šulnis, CEO of Invalda INVL
    Darius.Sulnis@invl.com

    Attachments

    The MIL Network

  • MIL-OSI: Capital City Bank Group, Inc. to Announce Quarterly Earnings Results on Monday April 21, 2025

    Source: GlobeNewswire (MIL-OSI)

    TALLAHASSEE, Fla., April 08, 2025 (GLOBE NEWSWIRE) — Capital City Bank Group, Inc. (NASDAQ: CCBG) announced today that it will release first quarter 2025 results on Monday, April 21, 2025, before the market opens. Upon release, investors may access a copy of the earnings results at the Company’s Investor Relations website, investors.ccbg.com.

    About Capital City Bank Group, Inc.
    Capital City Bank Group, Inc. is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.5 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 62 banking offices and 105 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., visit www.ccbg.com.

    For Information Contact:
    Jep Larkin
    Executive Vice President and Chief Financial Officer
    850.402.8450

    The MIL Network

  • MIL-OSI: AMD to Report Fiscal First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., April 08, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) announced today that it will report fiscal first quarter 2025 financial results on Tuesday, May 6, 2025, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EDT / 2:00 p.m. PDT. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.amd.com.

    AMD also announced it will participate in the following events for the financial community:

    • Mark Papermaster, executive vice president and chief technology officer, will present at the TD Cowen 52nd Annual Technology, Media and Telecom Conference on Wednesday, May 28, 2025.
    • Jean Hu, executive vice president, chief financial officer and treasurer, will attend the Bank of America 2025 Global Technology Conference on Tuesday, June 3, 2025.

    A webcast of the presentations can be accessed on AMD’s Investor Relations website ir.amd.com.

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) websiteblog, LinkedIn, Facebook and X pages.

    AMD, the AMD Arrow logo and the combination thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    Contact
    Phil Hughes
    AMD Communications
    512-865-9697
    phil.hughes@amd.com 

    Liz Stine
    AMD Investor Relations
    (720) 652-3965
    liz.stine@amd.com 

    The MIL Network

  • MIL-OSI: Satellogic Awarded $30 Million Contract for Its AI-First Constellation Services

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 08, 2025 (GLOBE NEWSWIRE) — Satellogic Inc. (NASDAQ: SATL), a leader in high-resolution Earth observation data, has been awarded a multi-year contract valued at $30 million to provide near-daily and ultra-low latency analytics from its groundbreaking, AI-first constellation to a strategic defense and security customer. This innovative approach generates analytics directly onboard each satellite, enabling insights to be downlinked within minutes, significantly enhancing operational responsiveness and decision-making capabilities.

    Under the terms of the agreement, Satellogic will deliver multiband optical imagery captured by the satellite constellation. The constellation is uniquely designed to run AI algorithms in real time, enabling advanced defense and security surveillance applications including rapid change monitoring, detection of defense targets (e.g. aircraft and other vehicles), pattern of life assessment and monitoring of other sensitive defense sites.

    “This award demonstrates Satellogic’s capabilities in providing rapid innovation that develops new space capabilities tailored to the evolving and demanding mission requirements of allied security customers,” said Emiliano Kargieman, Chief Executive Officer. “We are proud to support our international defense customers with data-driven insights designed to enhance strategic decision-making and operational efficiency.”

    The constellation’s combination of global, frequent revisit rates, high-quality multispectral imagery and rapid on-orbit processing of analytics, enable defense and intelligence analysts to quickly detect changes in infrastructure, military asset positioning, and activity patterns as they happen at critical locations worldwide. The solution is configured to deliver global coverage on a very rapid cadence to meet demanding AI-enabled defense analytics missions.

    Satellogic remains dedicated to providing innovative satellite solutions and advanced analytics tailored to the evolving requirements of the global defense and security sector.

    For more information, please visit www.satellogic.com.

    About Satellogic

    Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ: SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.

    Satellogic’s mission is to democratize access to geospatial data through its information platform of high-resolution images to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry.

    With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.

    To learn more, please visit: http://www.satellogic.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic’s current expectations and beliefs concerning future developments and their potential effects on Satellogic. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) our ability to generate revenue as expected, (ii) our ability to effectively market and sell our EO services and to convert contracted revenues and our pipeline of potential contracts into actual revenues, (iii) risks related to the secured convertible notes, (iv) the potential loss of one or more of our largest customers, (v) the considerable time and expense related to our sales efforts and the length and unpredictability of our sales cycle, (vi) risks and uncertainties associated with defense-related contracts, (vii) risk related to our pricing structure, (viii) our ability to scale production of our satellites as planned, (ix) unforeseen risks, challenges and uncertainties related to our expansion into new business lines, (x) our dependence on third parties to transport and launch our satellites into space, (xi) our reliance on third-party vendors and manufacturers to build and provide certain satellite components, products, or services, (xii) our dependence on ground station and cloud-based computing infrastructure operated by third parties for value-added services, and any errors, disruption, performance problems, or failure in their or our operational infrastructure, (xiii) risk related to certain minimum service requirements in our customer contracts, (xiv) market acceptance of our EO services and our dependence upon our ability to keep pace with the latest technological advances, (xv) competition for EO services, (xvi) challenges with international operations or unexpected changes to the regulatory environment in certain markets, (xvii) unknown defects or errors in our products, (xviii) risk related to the capital-intensive nature of our business and our ability to raise adequate capital to finance our business strategies, (xix) substantial doubt about our ability to continue as a going concern, (xx) uncertainties beyond our control related to the production, launch, commissioning, and/or operation of our satellites and related ground systems, software and analytic technologies, (xxi) the failure of the market for EO services to achieve the growth potential we expect, (xxii) risks related to our satellites and related equipment becoming impaired, (xxiii) risks related to the failure of our satellites to operate as intended, (xxiv) production and launch delays, launch failures, and damage or destruction to our satellites during launch and (xxv) the impact of natural disasters, unusual or prolonged unfavorable weather conditions, epidemic outbreaks, terrorist acts and geopolitical events (including the ongoing conflicts between Russia and Ukraine, in the Gaza Strip and the Red Sea region) on our business and satellite launch schedules. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Satellogic’s Annual Report on Form 10-K and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic can give no assurance that it will achieve its expectations.

    Media Contacts

    Satellogic, Inc.
    Ryan Driver, VP of Strategy & Corporate Development
    pr@satellogic.com

    The MIL Network

  • MIL-OSI: Encore Capital Group to Announce First Quarter 2025 Financial Results on May 7

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, April 08, 2025 (GLOBE NEWSWIRE) — Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the first quarter 2025 on Wednesday, May 7, 2025, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Tomas Hernanz, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.

    Members of the public are invited to access the live webcast via the Internet by logging in on the Investor Relations page of Encore’s website at www.encorecapital.com. To access the live conference call by telephone, please pre-register using this link. Registrants will receive confirmation with dial-in details.

    For those who cannot listen to the live broadcast, a replay of the webcast will be available on the Company’s website shortly after the call concludes.

    About Encore Capital Group, Inc.

    Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services for consumers across a broad range of financial assets. Through its subsidiaries around the globe, Encore purchases portfolios of consumer receivables from major banks, credit unions, and utility providers.

    Encore partners with individuals as they repay their debt obligations, helping them on the road to financial recovery and ultimately improving their economic well-being. Encore is the first and only company of its kind to operate with a Consumer Bill of Rights that provides industry-leading commitments to consumers. Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P Small Cap 600 and the Wilshire 4500. More information about the company can be found at www.encorecapital.com.

    Contact:
    Bruce Thomas
    Encore Capital Group, Inc.
    bruce.thomas@encorecapital.com

    SOURCE: Encore Capital Group, Inc.

    The MIL Network

  • MIL-OSI: NowVertical Group Wins 2025 Google Cloud Data & Analytics Partner of the Year for Latin America

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 08, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NowVertical” or the “Company”), a leading data and AI solutions provider, announced today that it has received the 2025 Google Cloud Data & Analytics Partner of the Year award for Latin America.

    NowVertical received the prestigious award highlighting an exceptional capability on Google Cloud Platform. “Google Cloud’s Partner Awards recognize partners who have created outsized value for customers through the delivery of innovative solutions and a high level of expertise,” said Kevin Ichhpurani, President, Global Partner Ecosystem, Google Cloud.

    “To be named the 2025 Google Cloud Data & Analytics Partner of the Year for Latin America is a significant milestone for us,” said Santiago Trógolo, EVP LATAM of NowVertical.  “We are incredibly proud to receive this award. It signals to the market that NOW is a proven, trusted partner for enterprises looking to harness the full power of their data.”

    NowVertical is being recognized for their achievements in the Google Cloud ecosystem, helping enterprise customers deliver tangible results across more than 50 data and analytics projects.

    “Being recognized as Partner of the Year opens the door to new client opportunities and reinforces our ability to deliver cutting-edge data solutions at scale. It positions NowVertical as a trusted partner for AI, analytics, and cloud computing in high-growth markets,” said Sandeep Mendiratta, CEO of NowVertical.

    The company received the Google Cloud Data & Analytics Partner of the Year award for Latin America at the Google Partner Summit, hosted in Las Vegas, April 8th 2025.

    About NowVertical Group Inc.
    The Company is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions. For further details about NowVertical, please visit www.nowvertical.com.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    For more information, visit www.nowvertical.com.

    For further information, please contact:

    Andre Garber, CDO
    IR@nowvertical.com
    T: +1(647)947-0223

    Forward-Looking Statements
    This news release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together “forward-looking statements“), including, the alignment of the Company’s leadership and shareholders, and the associated results of the transactions contemplated in this press release on NowVertical’s business, finances and operations. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to obtain any requisite future financing on suitable terms; any inability to realize the expected benefits and synergies of acquisitions or dispositions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s management’s discussion and analysis for the year ended December 31, 2024. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network

  • MIL-OSI USA: Mfume, Maryland Congressional Delegation Members Demand Answers on Tariff Impact on Port of Baltimore

    Source: United States House of Representatives – Congressman Kweisi Mfume (MD-07)

    WASHINGTON, D.C. – Yesterday, U.S. Representative Kweisi Mfume (D-MD-07) led a letter alongside U.S. Senators Chris Van Hollen and Angela Alsobrooks (both D-MD) and Representatives Steny Hoyer (D-MD-05), Jamie Raskin (D-MD-08), Glenn Ivey (D-MD-04), Sarah Elfreth (D-MD-03), April McClain Delaney (D-MD-06) and Johnny Olszewski (D-MD-02) calling on the Administration to detail the repercussions of newly announced tariffs on the Port of Baltimore. This letter, sent to United States Secretary of Commerce Howard Lutnick, raises the lawmakers’ concerns regarding the latest announcement on tariffs, the costs for the American consumer, and the potential shock wave to major ports, industries, and workforces.

    “The Port of Baltimore is one of the nation’s most vital hubs for commerce, and it plays a crucial role in national supply chains,” said the lawmakers.

    “We are especially concerned about the latest announcement on tariffs considering the economic consequences for the American consumer. These tariffs effectively serve as a sales tax on consumers, placing the burden of revenue raising on American families. While White House trade adviser Peter Navarro stated recently that these tariffs are expected to raise about $600 billion a year in revenue, economists have clarified that the impact to consumers on spending will significantly reduce these revenue estimates. Instead, experts indicate these tariffs will raise prices for already-struggling consumers, trigger layoffs in industries with customers who rely on imports, and plunge our nation into a recession,” the lawmakers continued.

    The Members also emphasized the resiliency of the Port of Baltimore after the collapse of the Francis Scott Key Bridge in their letter and its ability to retain its standing as the nation’s top-ranked port for wheeled farm and construction machinery and the second most utilized port for importing cars in 2024.

    Considering the importance of the Port of Baltimore’s function in the local, state, national, and global economies, the lawmakers requested a response from Secretary Lutnick to the following inquiries within the next 14 days:

    1. What mechanism is the Department of Commerce utilizing to assess the feasibility and effectiveness of the tariffs issued under the Executive Order?
       
    2. What efforts will the Department of Commerce take to track how these tariffs impact everyday costs for the American consumer, and national and local economies?
       
    3. What are the long-term implications of these tariffs on our nation’s major ports, and on our national supply chains?
       
    4. How, specifically, do you expect the announced tariffs will impact automobile and light vehicle imports, coal exports, and agricultural equipment imports and exports?
       
    5. Will the Administration waive tariffs on certain goods or sectors, or provide aid to impacted small businesses, impacted workers (i.e. farmers, dockworkers, etc.), and industries, in response to significant negative economic outcomes in the United States?

    Full text of the letter can be viewed here and below. 

    April 7, 2025

    The Honorable Howard Lutnick
    Secretary of Commerce
    1401 Constitution Avenue NW
    Washington, D.C. 20230

    Re: Implications of Newly Announced Tariffs on the Port of Baltimore

    Dear Secretary Lutnick:

    We write to you today to communicate our extreme concern about the implications of the recently announced tariff regime on the Port of Baltimore (the “Port”). On April 2, 2025, President Trump issued an Executive Order, titled Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits (the “Executive Order”), that announced a minimum 10% tariff on all imported goods, to take effect April 5. On April 9, higher levels of “reciprocal” tariffs will be placed on goods imported from nations with which the United States has a trade deficit. This latest action comes one week after the Administration’s Executive Order titled, Adjusting Imports of Automobiles and Automobile Parts into the United States, which announced tariffs targeted at individual industries (i.e. automobiles, steel, aluminum) and countries (i.e. Canada, Mexico, China).

    The Port of Baltimore is one of the nation’s most vital hubs for commerce, and it plays a crucial role in national supply chains. Last year, when the Francis Scott Key Bridge collapsed, the Port was closed for nearly two months, causing significant disruption to our economy. The state of Maryland estimates that approximately 15,000 direct jobs and 139,000 indirect jobs depend on the Port of Baltimore, generating an estimated $3.3 billion in personal revenue, $2.6 billion in business income, and more than $395 million in taxes. The local economic impact was such that the United States Small Business Administration and the United States Department of Labor responded by issuing Economic Injury Disaster Loans and Dislocated Worker Grants for businesses and workers that were directly affected by the bridge’s collapse and closure of the 
    Port.

    Despite the collapse, Baltimore’s resiliency speaks to the Port’s ability to retain its standing as our Nation’s top ranked Port for wheeled farm and construction machinery, and reigns as the nation’s second most utilized port for importing cars in 2024. In 2024, the Port of Baltimore exported more than $2.9 billion and imported nearly $23 billion in automobiles and light trucks. Additionally, the Port exported more than $2.92 billion in coal and more than $1.1 billion in agricultural equipment and materials. Overall, the Port of Baltimore exports roughly 28% of the nation’s coal, making it the second-largest coal exporting port in the United States.

    We are especially concerned about the latest announcement on tariffs considering the economic consequences for the American consumer. These tariffs effectively serve as a sales tax on consumers, placing the burden of revenue raising on American families. While White House trade adviser Peter Navarro stated recently that these tariffs are expected to raise about $600 billion a year in revenue, economists have clarified that the impact to consumers on spending will significantly reduce these revenue estimates. Instead, experts indicate these tariffs will raise prices for already-struggling consumers, trigger layoffs in industries with customers who rely on imports, and plunge our nation into a recession. 

    Considering the Port of Baltimore’s critical importance to the economic wellbeing of the city, state, and our nation, we request a response to the following inquiries within 14 days:

    1. What mechanism is the Department of Commerce utilizing to assess the feasibility and effectiveness of the tariffs issued under the Executive Order?
       
    2. What efforts will the Department of Commerce take to track how these tariffs impact everyday costs for the American consumer, and national and local economies? 
       
    3. What are the long-term implications of these tariffs on our nation’s major ports, and on our national supply chains?
       
    4. How, specifically, do you expect the announced tariffs will impact automobile and light vehicle imports, coal exports, and agricultural equipment imports and exports?
       
    5. Will the Administration waive tariffs on certain goods or sectors, or provide aid to impacted small businesses, impacted workers (i.e. farmers, dockworkers, etc.), and industries, in response to significant negative economic outcomes in the United States?

    Thank you for your prompt attention to this important matter. We look forward to your reply.

    Sincerely,

    ###

    MIL OSI USA News

  • MIL-OSI USA: Murkowski, Shaheen Seek Explanation for Alarming Email from Department of Homeland Security to Ukrainians in the United States

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski

    04.08.25

    Washington, D.C. – U.S. Senators Lisa Murkowski (R-AK) and Jeanne Shaheen (D-NH), Ranking Member of the U.S. Senate Foreign Relations Committee, sent a letter to Homeland Security Secretary Kristi Noem yesterday seeking answers following reports that Ukrainians on humanitarian parole in the United States had received threatening emails from the Department of Homeland Security (DHS) stating that their humanitarian parole status had been terminated and that they had seven days to depart the country. 

    Even if this message was sent in error, threatening the abrupt termination of humanitarian parole for Ukrainians is alarming and adverse to the U.S. national interest,” the Senators wrote. “At a time when a Kremlin official was in the United States negotiating with Administration officials, this mixed message sends the wrong signal: that the U.S. may abandon Ukrainians in need even as Ukraine remains under attack by Vladimir Putin.”

    “We urge the agency to provide immediate clarification to Ukrainians in the United States that their humanitarian parole has not been terminated, and that there are no plans to terminate the program while Ukraine is still under active attack by Russia,” the Senators concluded. “We also request a briefing on any future plans regarding humanitarian parole for Ukrainians and an immediate explanation as to how these emails were sent in error.”

    The full text of the letter can be found here and below.

    Dear Secretary Noem: 

    We are extremely concerned about notifications that Ukrainians on humanitarian parole in the United States have received official notifications from the Department of Homeland Security (DHS)—apparently in error—that their parole had been terminated and that they are required to depart the United States within seven days. 

    Even if this message was sent in error, threatening the abrupt termination of humanitarian parole for Ukrainians is alarming and adverse to the U.S. national interest. At a time when a Kremlin official was in the United States negotiating with Administration officials, this mixed message sends the wrong signal: that the U.S. may abandon Ukrainians in need even as Ukraine remains under attack by Vladimir Putin.

    Ukrainians who have participated in the Uniting for Ukraine program have entered the U.S. lawfully, passed rigorous screening and vetting requirements and have been required to find financial support from private U.S. sponsors. These are individuals, including children, who have fled a war zone and followed a lawful process. Many are working in our states, paying taxes and contributing to local communities. Abruptly and cruelly telling victims of Russia’s war to leave the country would not reflect American values—and it risks emboldening Putin to continue the war, despite President Trump’s stated objectives to establish peace. 

    For many Ukrainians, conditions on the ground in Ukraine remain unsafe for them to return, as Putin continues to violate the limited ceasefire Russia pledged it would honor on March 18. Twenty percent of Ukraine remains occupied, the frontline in Donbas remains volatile and Russia has escalated the use of swarms of drones to attack population centers across the country, including Kyiv. We support the Administration’s desire to reach a just and sustainable peace in Ukraine, but until that goal is realized, we must continue to offer safe harbor to the Ukrainian families that have found temporary homes in our states. 

    The fact that the Department of Homeland Security (DHS) drafted such a notification is alarming. DHS has not issued a public announcement about any planned policy change and the agency’s website continues to display information about the availability of parole for Ukrainians. Nor has Congress been notified regarding any proposed changes to the program. Congressional staff inquiries to DHS on Friday resulted in conflicting responses that demonstrated a disturbing lack of interagency coordination or strategy on the status of humanitarian parole for Ukrainians. 

    We urge the agency to provide immediate clarification to Ukrainians in the United States that their humanitarian parole has not been terminated, and that there are no plans to terminate the program while Ukraine is still under active attack by Russia. We also request a briefing on any future plans regarding humanitarian parole for Ukrainians and an immediate explanation as to how these emails were sent in error. 

    We appreciate your urgent attention to this matter.

    MIL OSI USA News

  • MIL-OSI USA: SCHUMER: TRUMP TARIFFS LIKELY TO DRIVE NEW YORK RIGHT INTO A RECESSION; NYC METRO AREA IS ESPECIALLY VULNERABLE AS ONE OF LARGEST TRADE HUBS IN WORLD; SENATOR DETAILS NUMBERS THAT COULD ROT VARIETY OF…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Schumer Warns Over 260,000 NY Jobs Tied To Exports At “Direct Hit” Risk; JP Morgan Says Chance For National Recession Now At 60%–But Schumer Says For New York, That Risk Is Even Higher With EU Seeking To Retaliate At NYC Financial, Accounting & Tech Sector

    Schumer Crunches Numbers To Say, As Of Right Now, Current Tariff Plan Could Cost NYC At Least $20 Billion Dollars; NYC Metropolitan Area Exports Second Most Goods Of Any U.S. Metropolitan Area – Much Of This Could Just Cease With NYC Revenues, Jobs, Investments All Nosediving

    Schumer: Donald Trump’s Pinball Tariff Strategy Will Wreak Total Havoc On NYC & Could Drive A Deep & Needless Recession; Put Down The Golf Club & Pick Up The Papers

    With tariff chaos wreaking havoc on the U.S. economy, U.S. Senator Charles Schumer, today, issued a dire warning, with the numbers and the data to back it up: Trump tariffs are likely to drive New York’s economy right into a recession. 

    “President Trump’s pinball tariff strategy will wreak total havoc on New York City and is likely to drive us right into a recession,” Schumer said. “We’ve crunched the numbers, and what doesn’t look good for the nation, looks far worse for New York City. Some of the Big Apple’s core sectors are being targeted already, New Yorkers face roughly $20 billion dollars in increased costs, and a staggering 260,000 New York jobs are under threat, unless Donald Trump backs off—and that is exactly what I am urging today. Back off, President Trump.”

    Schumer, today, cited numbers that he predicts would go beyond the JP Morgan chances of a national recession while citing specific New York industries and sectors that would be especially slammed as the President’s pinball plans knock out some of New York’s most resilient industries—from finance, to tech and accounting. However, Schumer also cited tourism, fashion and other lifestyle industries across the city that would be equally damaged. 

    Schumer explained an ominous fact, detailing how New York and its metro area is especially vulnerable to the President’s needless tariff war because it is one of the world’s largest trade hubs. Schumer explained that the New York port and area import and export hubs hum with activity that pumps billions of dollars into the New York City economy each year.  

    Specifically, Schumer said that the President’s plans also put over 260,000 New York jobs tied to exports at, what he calls, a “direct hit” economic risk. Schumer explained that JP Morgan released data showing the nation’s chances of a recession are now at 60%–but Schumer says, in New York, the number is much higher. Schumer also said that, right now, the European Union is seeking to retaliate directly at New York City’s financial, accounting and tech sectors. He warned, today, that Asia would be next.  

    Just last week, JP Morgan said that the chance of a recession substantially increased due to President Donald Trump’s tariff announcement. The report, headlined “There will be blood” and dated April 3, warned, “these policies, if sustained, would likely push the US and possibly global economy into recession this year. An update of our probability scenario tree makes this point, raising the risk of a recession this year to 60%.”

    “Disruptive U.S. policies have been recognized as the biggest risk to the global outlook all year,” JP Morgan said last week, adding that the country’s trade policy has turned less business friendly than anticipated.

    “The effect is likely to be magnified through tariff retaliation, a slide in U.S. business sentiment and supply-chain disruptions,” JP Morgan warned. S&P Global, the rating firm, also raised its “subjective” probability of a U.S. recession last week.

    Schumer also pointed to Barclays, and brokerages HSBC, Deutsche Bank and BofA warned last Thursday that the U.S. economy faces a higher risk of slipping into a recession this year if the President’s tariffs remain in place.

    Financial reports say that if the tariffs are sustained, “recession risks will likely rise materially,” Deutsche Bank said in a note, while BofA noted the economy could be pushed to “the precipice of recession,” according to reports. Both Deutsche Bank and BofA predicted tariffs could ‘potentially shave 1-1.5 percentage points from U.S. economic growth this year.’

    And today, Goldman Sachs has now sounded their own alarm, saying the chances of a recession have increased greatly.

    Schumer echoed these warnings and other reports saying Trump’s tariff increase is “largest tax hike since 1968”—comparable to Smoot-Hawley, Schumer says.  

    As for New York City, Schumer is seeing red. Specifically:

    1. Schumer says that Trump’s tariffs will raise costs for NYC and threaten to put the Big Apple straight into a recession:
  • Schumer detailed how NYC is particularly vulnerable:
    • NYC is one of the largest trade hubs in the country, with more than $200 Billion in trade in goods alone each year ($100b imports, $100b exports) – Schumer says this entire subset economy has been fractured, no matter what the President does right now.
    • Schumer can say that Trump’s tariffs will mean a nearly $20 Billion-dollar DIRECT HIT to NYC, and that’s before other countries try to retaliate. Schumer says the EU and Asia have begun the process.
    • 80,000 jobs were already at risk before Trump’s latest announcement, which now threatens the more than 250,000 jobs in New York that are dependent on exports and could be threatened by retaliation.
  • Schumer says key NYC industries are already feeling the effects:
    • NYC’s biggest industries are in information services (financial, accounting, tech), which are the focus of the EU’s potential retaliation, and Schumer says it is clear that Asia will begin retaliation this week.
    • Tourism: Countries like Canada are boycotting travel to US, which has already seen a 23% drop in Canadian travel to US. But Schumer says the pinball tariff strategy will also constrict tourism on a global scale, constricting the global economy and weakening the dollar.  
    • Fashion/Garment industry is facing price increases of 10 to 17% — Schumer says NYC is a fashion and garment hub, from leathers to other textiles, and that the current tariff ‘plan’ will rip the threads out of the NYC fashion and commerce economy.

    Schumer has fought to help New York push back against these pinball tariffs, forcing a vote to rescind Trump’s disastrous tariffs and protect NY consumers.

    Following Democrats’ successful effort to force a Senate vote to pull back Trump’s tariffs on Canada, Schumer pushed an amendment to rescind any tariffs put in place after January 20, 2025 that have increased the costs of groceries, medicines, or other everyday goods, while leaving in place tariffs on adversaries like China, Russia, Iran, and North Korea. Schumer explained he authored the amendment because Congress should be prioritizing reducing costs for families and small businesses, not taxing middle class families to pay for tax cuts for billionaires.

    “Bottom line, Schumer says, Donald Trump’s tariff strategy will wreak total havoc on the New York City economy and is likely to drive us straight into a recession. I urge the President to back off. Put down the golf clubs and pick up the papers and have a look at what is going on because it is anything but ‘great.’”

MIL OSI USA News

  • MIL-OSI Russia: Dmitry Patrushev: The Russian fisheries complex operates steadily and stably

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Dmitry Patrushev spoke at an extended meeting of the board of the Federal Agency for Fisheries.

    Deputy Prime Minister Dmitry Patrushev spoke at an extended meeting of the board of the Federal Agency for Fisheries. The event summed up the results of the agency’s activities in 2024 and defined future plans.

    “The production of aquatic bioresources by the end of the past year exceeded 4.9 million tons. Including an increase in such mass types of aquatic bioresources as pollock and herring. And the catch of Iwashi sardine became a record for the entire post-Soviet history and reached 580 thousand tons. The volume of Russian aquaculture in 2024 amounted to 380 thousand tons. The indicators of our own production allowed us to fully provide the domestic market – the self-sufficiency indicator exceeded 138%. Despite all sorts of challenges, our fisheries complex operates steadily and stably. This is confirmed from year to year by economic indicators. The industry’s turnover last year increased by 7% and amounted to 1.1 trillion rubles. Wages in the fishing industry are twice the average salary in the economy,” said Dmitry Patrushev.

    The Deputy Prime Minister noted that Russian fish products have been and remain one of the key areas in the structure of agricultural exports. Last year, the volume of supplies exceeded 1.9 million tons. New sales markets continue to appear, and currently domestic fish products are sold in more than 90 countries. Russia maintains its position as a world leader in the volume of frozen fish supplies.

    Dmitry Patrushev added that the Decree of the President of Russia “On National Development Goals” outlines a strategic goal for further increasing the production and export of agricultural products.

    “The industry will have to continue to increase the volume of aquatic bioresources caught. Systematic study and subsequent development of new water areas should be continued, including in foreign countries’ zones and conventional areas of the World Ocean. It is also necessary to stimulate an increase in the production of those types of aquatic bioresources that are developed less than others. These include, in particular, deep-sea fishing grounds. There are opportunities for growth in this segment,” the Deputy Prime Minister added.

    As for industry scientific activities, in 2024, the All-Russian Research Institute of Fisheries and Oceanography organized almost a thousand scientific expeditions. For the first time last year, research was conducted in the waters of new regions. The data obtained made it possible to increase the volumes of aquatic bioresources recommended for extraction and expand the areas of extraction. One of the most important events was the start of the Great African Expedition. Russian scientists and the crews of two research vessels conducted research in the waters of five African states. The Government allocated 2.2 billion rubles for the implementation of the project.

    The government also continues to support the renewal of the research fleet of the Federal Agency for Fisheries – two vessels are being built, which should be put into operation in 2028 and will improve the efficiency of work in this area.

    Dmitry Patrushev added that the aquaculture segment should increase its capacity. Producers have access to preferential loans, insurance with state support and compensation for the costs of building feed production facilities. Thanks to state support, there is a positive trend – over three years, dependence on foreign feed has decreased by 2.5 times.

    In conclusion of his speech, Dmitry Patrushev informed that more than 125 thousand people are employed in the Russian fisheries complex, and the modernization and digitalization of the industry increase the demand for highly qualified specialists. The Deputy Prime Minister noted the importance of building a personnel policy, inviting businesses to cooperate. According to Dmitry Patrushev, only in such a partnership can competent specialists be trained for the further development of the industry.

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

    MIL OSI Russia News

  • MIL-OSI Canada: Ethnocultural grants at work

    Source: Government of Canada regional news (2)

    MIL OSI Canada News

  • MIL-Evening Report: A grab bag of campaign housing policies. But will they fix the affordability crisis beyond the election?

    Source: The Conversation (Au and NZ) – By Michelle Cull, Associate professor, Western Sydney University

    Secure and affordable housing is a fundamental human right for all Australians.

    Therefore, it is unsurprising the election campaign is being played out against a backdrop of heightened voter anxiety about rental stress and housing affordability. A growing number of people are unable to access housing that meets their needs.

    And it’s not just low-income earners who are affected by housing pressures. It is also the millions of people who make up middle Australia; the very group that will help determine the election outcome.

    The solution to Australia’s housing problem is complex. We need to start thinking differently about what reform might look like.

    No cheap rents

    For most Australians, housing is their biggest and most unavoidable bill.

    The average national weekly rent for a unit is A$566 a week. It is even higher in capital cities. To afford this comfortably, renters need an annual income of $130,000.

    But for someone on the median income of $72,592 (or $58,575 after tax) half their pay packet is being swallowed by their weekly rent.

    This significantly exceeds the 30% benchmark that is a useful measure of housing affordability stress.

    Million-dollar homes

    The raw numbers are just as eye-watering for home ownership.

    The mean price of a residential dwelling in Australia is around $977,000. For house hunters in New South Wales, the figure is even higher at $1.2 million.

    Rapidly rising house prices over the past few years have contributed to larger home loans and more people with a mortgage.

    Only 13% of homes sold in 2022–23 were affordable for a median income household, with housing prices increasing more rapidly than wages.

    The cascading price pressures mean first home buyers are finding it harder to save for a deposit.

    Policy options

    There is an urgent need for housing reform to overcome the affordability and accessibility challenges. There is no shortage of options available to policymakers.

    For starters, planning rules and zoning regulations could be eased to facilitate more construction. Vacant commercial properties and office spaces could be repurposed as housing.

    Another option includes removing barriers to constructing prefabricated homes, which are more efficient and affordable to build.

    Time to be bold

    Housing reform often involves debate around negative gearing and capital gains tax concessions for property investors. There are mixed results regarding how they would impact housing affordability and accessibility. The unpopularity of such policies at the 2016 and 2019 elections have since hindered any changes.

    But more radical reforms could be considered. They include applying negative gearing to first home buyers, who would benefit by claiming the mortgage interest on their property against their income. The United States allows home-owner couples to claim mortgage interest on the first US$750,000 (A$1.19 million) of their loan to help them secure a home.




    Read more:
    The government is reviewing negative gearing and capital gains tax, but this won’t be enough to fix our housing shortage


    Overseas experience

    The US policy highlights how high housing costs are not exclusive to Australia.

    We could learn from other initiatives adopted overseas. For example, a bylaw passed in Montreal, Canada, requires new developments to include 20% social housing, 20% affordable housing and 20% family units.

    Further, Vienna is known for its progressive social housing policies, which include rental caps and housing security. The housing is high quality and often includes access to communal pools, child care, libraries and other facilities.

    Here in Australia, the major political parties are mindful that the high cost of housing is political kryptonite. They are fighting the May election armed with policies aimed at improving affordability and availability. But will these policies go far enough?




    Read more:
    The government is reviewing negative gearing and capital gains tax, but this won’t be enough to fix our housing shortage


    What the major parties are offering

    Labor plans to increase housing supply by 1.2 million homes over five years by changing zoning and planning rules. This includes 20,000 social housing homes and 10,000 affordable rentals for front-line workers such as police and nurses. It will also increase tax incentives for the build-to-rent program to increase rental supply.

    These policies are likely to improve affordability and accessibility for lower income earners. However, there will be a wait while homes are constructed. It is also expensive at around $10 billion.

    To increase supply, Labor will invest in prefabricated and modular homes, including a national certification system to streamline approvals.

    Labor will also expand the Help-to-Buy scheme so more Australians can purchase their first home, although this may push-up prices through increased demand.

    The Liberal Party’s policy centrepiece is $5 billion to fast track essential housing infrastructure such as water and sewage, to unlock up to 500,000 homes.

    The Coalition is also vowing to free up more housing by reducing immigration by 25% and capping the number of international students.

    For first home buyers, the Liberals want to allow early access to superannuation of up to $50,000, but studies suggest this could backfire by increasing house prices and hurting retirement savings.

    Dream turns to a nightmare

    Voters may find merit in one or more of the proposed policies, but bipartisanship will be essential if we are to solve the housing crisis, regardless of the election outcome.

    And genuine reform involves more than sugar-hit policies that might find favour during election campaigns. It requires bold, decisive action with investment in areas that benefit those most in need.

    Without genuine reform, even more Australians will struggle to put a roof over their heads. The ramifications will be devastating to Australia’s social and economic future.

    The Australian dream of owning a home will be at risk of becoming an even bigger nightmare.


    This is the third article in our special series, Australia’s Policy Challenges. You can read the other articles here and here

    Michelle Cull is a member of CPA Australia, the Financial Advice Association Australia and President Elect of the Academy of Financial Services in the United States. Michelle is an academic member of UniSuper’s Consultative Committee. Michelle Cull co-founded the Western Sydney University Tax Clinic which has received funding from the Australian Taxation Office as part of the National Tax Clinic Program. Michelle has previously volunteered as Chair of the Macarthur Advisory Council for the Salvation Army Australia.

    ref. A grab bag of campaign housing policies. But will they fix the affordability crisis beyond the election? – https://theconversation.com/a-grab-bag-of-campaign-housing-policies-but-will-they-fix-the-affordability-crisis-beyond-the-election-252185

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: Yuri Trutnev discussed the development of bilateral trade and economic relations with the President of the Republic of Namibia Netumbo Nandi-Ndaitwai

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    In Windhoek (Namibia), Deputy Prime Minister of the Russian Federation – Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District, Co-Chairman of the Intergovernmental Russian-Namibian Commission on Trade and Economic Cooperation Yuri Trutnev discussed the development of bilateral trade and economic relations with the President of the Republic of Namibia Netumbo Nandi-Ndayitwa.

    “We have worked well as a team within the intergovernmental commission. And we are also committed to continuing this work. We expect our friends to engage in the process of creating added value in Namibia, which will contribute to the development of the economy and the reduction of poverty in the country. The figures for trade and economic turnover, of course, do not correspond to the level of our political cooperation. We must achieve the equivalent of economic cooperation with political cooperation. We have a long history, and the ties between our countries are only getting stronger. I want to assure you that this direction will continue,” said Netumbo Nandi-Ndaytwa.

    Yuri Trutnev congratulated Netumbo Nandi-Ndaytwa on his election as President of the Republic of Namibia, as well as as Chairman of the South West Africa People’s Organization party.

    “We have worked together for many years in the Intergovernmental Russian-Namibian Commission on Trade and Economic Cooperation, created to strengthen the friendship between our peoples. I am sincerely grateful for our joint work. This work has produced results. The volume of bilateral trade and economic relations has doubled. But we have something to do next. Considering your attitude towards the Russian Federation, I very much hope that the friendship between the countries will develop. I want to assure you that I will do everything possible for this,” said Yuri Trutnev.

    The prospects for implementing joint projects in the fields of industry, subsoil use and geological exploration, energy, agriculture, science and education were discussed.

    “No matter what large Russian company Namibia works with, first and foremost it will work with the Government of the Russian Federation. This is a different level of responsibility. It is important for the Government of Russia to improve our relations and benefit both countries. Together with the state corporation Rosatom, one of the leading energy companies in the world, the Government of the Russian Federation is ready to continue negotiations on expanding the possibilities of using nuclear energy for peaceful purposes. We are ready to consider other proposals for cooperation in the field of mining and processing of minerals, science and education. As a result of our work, the quota for the education of Namibian students in Russia has increased. The world is changing, and changing quickly. We are ready for these changes and are grateful to Namibia for maintaining a friendly attitude towards our country,” noted Yuri Trutnev.

    The holding of the 11th meeting of the Intergovernmental Russian-Namibian Commission, which is planned for Windhoek, was also discussed.

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

    MIL OSI Russia News

  • MIL-OSI United Nations: Experts of the Committee on the Protection of the Rights of All Migrant Workers and Members of their Families Congratulate Mexico on its Global Pro-Migration Stance, Raise Questions on the Treatment of Unaccompanied Minors and Assistance for Mexicans Abro

    Source: United Nations – Geneva

    The Committee on the Protection of the Rights of All Migrant Workers and Members of their Families today concluded its consideration of the fourth periodic report of Mexico, with Committee Experts congratulating the State on its pro-migration stance taken around the world, while raising questions on the treatment of unaccompanied minors and assistance provided to Mexicans abroad in the United States. 

    Fatimata Diallo, Committee Chair and Co-Rapporteur for Mexico, congratulated Mexico on its pro-migration stance taken around the world, including its key role in the Global Compact for Safe and Orderly Migration. The Committee appreciated that legislation and a support system were in place for migrants across all states of Mexico, and congratulated the State on the adoption of a law on enforced disappearances, and the enactment of specific measures to provide support to migrant children and adolescents. 

    Mohammed Charef, Committee Expert and Co-Rapporteur for Mexico, asked if the delegation could share statistical information following the reform of the migration act in 2022, including the number of children released from holding facilities and the number of children still in these facilities?  What tools and measures had been put in place at the border level to ensure there could be a review on children and adolescents before any return was taken?  How many cases of refoulment had been avoided due to the risk analysis which should be carried out on every child? 

    Pablo Ceriani Cernadas, Committee Expert and Co-Rapporteur for Mexico, asked what Mexico was doing at the foreign policy and foreign relations level to push for regularisation for people who had been working in the agricultural sector in the United States for years?  With the closure of the CBP 1 by Trump, some people had their asylum process for the United States interrupted; what was happening to them? 

    Ms. Diallo said the “United States Remain in Mexico policy” required migrants to remain at the border while the United States Government processed their cases; what had the Mexican State done to provide for these migrants who were forced to remain in Mexico in the hazardous border areas? 

     

    Regarding unaccompanied children and adolescents, the delegation said there was a specific standalone procedure in place to ensure migrants were duly identified, so they could be protected by the child protection system.  The National Institute of Migration could be advised to carry out an assisted return of the child or adolescent to their country of origin, if regular migration status was not possible.  No deportation order would be given to a child or adolescent.  There were more than 120 shelters and reception centres spread across the country for minor migrants.  It was here that they would be held with their families until issues regarding their migration status were resolved; 84,927 minors were handled via this process in 2024. 

    The delegation said since the new United States administration took office on 20 January 2025, there had been a harshening of migration policies and Mexico had strengthened its consular assistance in response.  Mexico had been mapping the detention of migrants by the United States’ authorities and was able to immediately respond to them.  The 10 repatriation centres which had been set up on the southern border with the United States provided health care services, nutrition, food and education to those who had been repatriated.  The Mexican Government had pursued meaningful efforts to promote the regularisation of Mexican migrants in the United States. 

    Presenting the report, Jennifer Feller, Director General of Human Rights and Democracy, Ministry of Foreign Affairs of Mexico, said Mexico’s geographical position and proximity made it a country of origin, transit, destination and return for migrants, which represented a challenge for authorities.  Between January and May 2024 alone, the National Institute of Migration identified 1,393,683 foreigners in an irregular situation.  In 2019, the Ministry of Health published the comprehensive health care plan for the migrant population to promote health care under a context of equality and non-discrimination.  In compliance with the March 2023 ruling of the Supreme Court of Justice of the Nation on the unconstitutionality of the detention of migrants, the necessary measures were adopted to ensure that the detention of migrants did not exceed 36 hours.

    In concluding remarks, Mr. Ceriani Cernadas thanked Mexico for the constructive dialogue. The Committee was fully aware of the complexity of human movement in Mexico as a phenomenon, due to the location, the sheer number of migrants, and the voluntary or forced returns of Mexican compatriots, coupled with drug trafficking and the fact that Mexico was a neighbour of the world’s largest drug consumer.  Mexico had taken some positive steps, and the Committee looked forward to working collaboratively to find solutions to the challenges.

    Francisca E. Méndez Escobar, Permanent Representative of Mexico to the United Nations Office at Geneva and Head of the Delegation, in concluding remarks, said Mexico continued to be committed to protecting the rights of migrants and upholding its international obligations.  Mexico had made progress in protecting the rights of migrant children, adolescents, women and migrant workers, and would strengthen activities in areas where challenges remained, to ensure the full implementation of the Convention. 

     

    The delegation of Mexico was comprised of representatives from the Ministry of Foreign Affairs; the Federal Judiciary Council; and the Permanent Mission of Mexico to the United Nations Office in Geneva. 

    The webcast of Committee meetings can be found here.  All meeting summaries can be found here.  Documents and reports related to the Committee’s fortieth session can be found here.

    The Committee will next meet at 3 p.m. on Tuesday, 8 April to begin its consideration of the second periodic report of Niger (CMW/C/NER/QPR/2).

    Report

    The Committee has before it the fourth periodic report of Mexico (CMW/C/MEX/4).

    Presentation of Report

    FRANCISCA E. MÉNDEZ ESCOBAR, Permanent Representative of Mexico to the United Nations Office at Geneva and Head of the Delegation, said Mexico had always played a leading role at the international level to advance the agenda of the human rights of migrants.  It was an active promoter of the Convention, presented periodic resolutions on migration in the General Assembly and the Human Rights Council, and served as a co-facilitator of the negotiation process of the Global Compact for Migration. While significant progress had been made, challenges remained.  By appearing before the Committee, Mexico reaffirmed its openness to international scrutiny and constructive dialogue.  Ms. Escobar then introduced the Mexican delegation. 

    JENNIFER FELLER, Director General of Human Rights and Democracy, Ministry of Foreign Affairs of Mexico, said Mexico’s geographical position and proximity made it a country of origin, transit, destination and return for migrants, which represented a challenge for authorities.  In the last decade, migratory flows had grown exponentially and the transit of undocumented migrants through Mexico had grown significantly.  It was estimated that 77 per cent of migratory flows through the country were carried out irregularly.  Between January and May 2024 alone, the National Institute of Migration identified 1,393,683 foreigners in an irregular situation.  The composition of migration flows had changed significantly, encompassing a diverse range of persons who were migrating for multiple reasons. 

    This scenario was aggravated by the impacts of increasingly restrictive United States immigration policies, which limited the right to seek refuge, such as the Migrant Protection Protocols, among others.  Faced with this context, Mexico facilitated the entry and stay of people in health security conditions, providing them with vaccines and other support. Voluntary return was also facilitated for those who decided to do so.

    In 2019, the Ministry of Health published the comprehensive health care plan for the migrant population to promote health care under a context of equality and non-discrimination.  In line with the recommendations of the Committee, the law on migration was amended to prohibit the accommodation of migrant children and adolescents in migrant holding centres.  In compliance with the March 2023 ruling of the Supreme Court of Justice of the Nation, on the unconstitutionality of the detention of migrants, the necessary measures were adopted to ensure that the detention of migrants did not exceed 36 hours.

    Mexico had strengthened legal frameworks by incorporating a comprehensive gender perspective, and designed programmes to combat gender-based violence, human trafficking, and discrimination against women and girls.  This included the mechanism for monitoring cases of sexual torture committed against women and the comprehensive programme to prevent, address, punish and eradicate violence against women 2021-2024, which included actions focused on migrant women at risk, campaigns against sexual harassment and harassment, and strategies to encourage reporting.

    FÁTIMA RÍOS, Director General of Human Mobility and Development of the Ministry of Foreign Affairs, said Mexico continued to strengthen the capacities of the authorities to combat the smuggling of migrants, from a perspective of shared responsibility, international and regional cooperation, and respect for the human rights of migrants, with the involvement of migration authorities, prosecutors’ offices, victims’ commissions, international organizations, and civil society. 

    Although there was no specific law on the smuggling of migrants, Mexico was a party to the Palermo Protocols and had a solid regulatory base.  In 2023, the national strategy to combat migrant smuggling with a gender perspective was presented to strengthen inter-institutional coordination to prevent, combat and address the crime with a comprehensive approach.  The migration law established aggravated penalties when it involved children and adolescents, or the participation of public servants.

    To coordinate migration policies and programmes among more than 20 agencies, the Inter-Ministerial Commission for Comprehensive Attention in Migration Matters was created in 2019.  In March 2025, the multi-service centre for inclusion and development, designed in collaboration with international organizations, began operating in the city of Tapachula.  This centre aimed to bring those international protection needs closer to the services provided by the Mexican State, including documentation, employment, and health services, among others.  In the face of the tightening of migration policies and the criminalisation of irregular migration in the United States, the inter-institutional strategy for comprehensive care for repatriated and returning Mexican families was reinforced in January 2025, guaranteeing their social and economic reintegration in the country.  Mexico had spearheaded numerous actions to address migration, including integrating civil society into the debate, and was committed to overcoming the challenges which remained. 

    Questions by Committee Experts

    PABLO CERIANI CERNADAS, Committee Expert and Co-Rapporteur for Mexico, said the Committee was aware that Mexico was currently facing a complex situation in terms of human movement, which made this dialogue even more important.  The fact that the national guard reported to the army gave rise to concern.  Why had Mexico chosen to deploy the armed forces to play a role in monitoring and verifying migrants?  Had the deployment of the national guard and army had any impact on the migration flow? Had this impact been assessed? Six migrants had been killed when the national guard opened fire, and there had been other similar cases.  What had been the response of the Mexican Government to these cases?  How were the perpetrators identified and punished and what was done to ensure non-repetition?

    What had been done to promote regular migration in Mexico?  What measures had been enacted to eradicate the automatic recourse to detention and migration?  What non-custodial measures were being taken for asylum seekers in a vulnerable position, including pregnant women, to replace detention?  There had been a fire in a holding centre at the Mexican border which killed over 30 migrants.  Who had the political responsibility for this holding centre and the conditions it was in? What measures would be taken to ensure it did not happen again?

    The Committee had received reports that people intercepted in different parts of the territory were sent to the southern border and left there.  Could the delegation comment on these practices? Expulsions reportedly occurred from Mexico City and other airports.  What remedies were available to these people in airports after a decision to expel them? There had been cases where many migrants were killed by organized crime syndicates.  There was a high level of impunity with many cases being unresolved. What measures was the State taking to resolve these cases through investigations, trials and convictions? 

    What measures were being taken to address the complex matter of enforced disappearance in general and in the context of migration?  Was the act on enforced disappearance being regulated?  How had the guidelines for providing support to Mexicans abroad being strengthened?  What relationship was there between the forensic authorities in Mexico and those in other countries, to identity Mexicans who had died and inform their family members?  Was the Mexican consulate still receiving reports from El Salvador on citizens who had disappeared?

    Was data still being collected on irregular migrants?  Would the way in which data was collected be changed?  Which authorities had a say when it came to separating families?  Why were families separated?  The Committee had received information that in October 2023, the humanitarian grounds permits were suspended.  The documentation which replaced them did not have the same value as a resident permit and did not help with social, financial and employment services.  Why had the humanitarian permit been suspended? What measures had Mexico taken in response to the suspension of CBP 1?  What protective measures were being taken in this regard?  Were there any initiatives towards signing a bilateral agreement?  What was the latest situation regarding the relationship with the United States?

    MOHAMMED CHAREF, Committee Expert and Co-Rapporteur for Mexico, said Mexico always strove to ensure respect for the rights of migrants and had led the fight in the Group of 77 for the rights of migrants since the start of the 1970’s, which was appreciated.  The State was also one of the champions of the implementation of the Marrakech Compact and had enacted a plethora of laws to improve protection for unaccompanied women and minors, which deserved credit.  Nevertheless, according to information received by the Committee, despite international commitments and the legal arsenal, there were still violations of the rights of migrants, particularly those in an irregular situation.  Mexico shared an emblematic border with the United States which was over 3,500 kilometres long.  This was the deadliest land border, with around 10,000 deaths recorded per year. 

    According to information gathered, many migrants disappeared without a trace; they were abducted, killed, or robbed and thrown out of high-speed trains.  Many of those blocked on routes to the United States were highly vulnerable.  Were migrants subjected to a detention order by a judge?  How long did they stay in centres on average?  How did these detention centres function?  Who managed them?  How many people worked for the “Better Groups”?  Were they present throughout the territory?  Was their role to provide migrants with advice on their rights? According to information collected, there were huge needs in healthcare, particularly in mental health.  Was anything being done for migrants’ mental health?  Could information on the deadly fire be provided?  The Committee would like more information about the trends and the places migrants went through?  Did the State have reliable data on enforced disappearances?  Was disaggregated data on nationality, age, sex and type of migration available?  How did Mexico manage migration during the COVID-19 period? 

    FATIMATA DIALLO, Committee Chair and Co-Rapporteur for Mexico, congratulated Mexico on its pro-migration stance taken around the world, including its key role in the Global Compact for Safe and Orderly Migration.  The Committee appreciated that legislation and a support system were in place for migrants across all states of Mexico, and congratulated the State on the adoption of a law on enforced disappearances, and the enactment of specific measures to provide support to migrant children and adolescents. 

    Regarding the ruling by the Supreme Court of Justice on the unconstitutional nature of some of the provisions of the migration act, what steps had been taken to ensure this jurisprudence was present in national legislation?  Could the delegation share statistical information following the reform of the migration act in 2022, including the number of children released from holding facilities and the number of children still in these facilities? A unique identification code was provided to migrant children; what was the purpose of this code?  What tools and measures had been put in place at the border level to ensure there could be a review on children and adolescents before any return was taken?  How many cases of refoulment had been avoided due to the risk analysis which should be carried out on every child?  Why did so many children and adolescents abandon the administrative process halfway through it was meant to be an alternative to irregular migration? 

    How was it ensured that the bilateral agreements with Canada did not leave migrant workers vulnerable?  Thirty per cent of women interviewed said they had been subjected to sexual harassment by the national migration guard in detention facilities.  What measures had been enacted to prevent this?  Had there been investigations and punishment of perpetrators?  What concrete measures had been enacted for the protection of domestic workers, particularly migrant domestic workers?  The Nicaraguan migration route enabled migrants in sub–Saharan Africa to try and access the United States and there had been several disappearances on this route. Did this also affect Mexico and how was the State dealing with this? 

    A Committee Expert congratulated Mexico on its ratification of the core International Labour Organization Conventions.  Why had Mexico not ratified International Labour Organization Conventions 197 and 143? How many staff were working in the labour inspectorate in Mexico?  Did they cover the entirety of Mexico?  Did they have the human and financial resources they needed to carry out their duties?  Did they have a status which ensured their independence was upheld?

    Another Committee Expert said the bilateral agreements, for example between Mexico and Canada, should be examined.   

    A Committee Expert said the Committee appreciated Mexico’s efforts and its delicate position with the United States and other countries.  What type of capacity did Mexico need to bolster its stance on migration? 

    Responses by the Delegation

    The delegation said the National Institute of Migration was charged with implementing the Government’s migration policy.  It had overviews of migration checks at land and air border crossings.  The institute implemented the protocol for checking migration status.  Staff were required to be properly identified as a result of the Supreme Court ruling. Once a person had been identified in a migration check, migration staff could instigate the administrative procedure. It would not be a court which decided, but rather the migration entity, which conducted the migration proceedings. 

    Migrants were taken to a holding centre and provided all the necessary information to authorities. Due to the ruling of the 36-hour time limit for holding migrants in these centres, the National Institute of Migration completed the administrative procedures within the timeframe.  If the individual in question had a genuine immigration status, they would be released quickly; however, if they did not, they would either be provided with a regular migration status if they met the conditions of the law, otherwise they would be returned or deported.  This was clearly provided for in the migration act.

    Regarding unaccompanied children and adolescents, there was a specific standalone procedure in place to ensure migrants were duly identified, so they could be protected by the child protection system.  The National Institute of Migration could be advised to carry out an assisted return of the child or adolescent to their country of origin, if regular migration status was not possible.  No deportation order would be given to a child or adolescent.  There were more than 120 shelters and reception centres spread across the country for minor migrants.  It was here that they would be held with their families until issues regarding their migration status were resolved; 84,927 minors were handled via this process in 2024.  It was hoped that up to date data for decision making would be available in April. 

    Migrants’ caravans, which entered the country via the southern border, had been met by groups providing humanitarian assistance.  This was one of the functions played by the “Better Groups”, whose main role was to provide humanitarian support and advice to migrant workers. 

    The centre for assistance and information for migrant workers had been strengthened to provide assistance to all Mexican residents in the United States.  The consular staff had been ordered to make more visits to migration centres and prisons to review cases of Mexican migrants, and to ensure their rights were being upheld and the necessary processes were being followed. A unit monitored how executive orders were impacting the migrant community. 

    In Mexico, all persons had access to free health care, regardless of their social status.  A plan was in place to guarantee that migrants had access to high quality medical health care.  Mexico was one of the few countries which chose not to close its borders during the pandemic, which meant that individuals living abroad who could not return to their home countries had remained in Mexico, and benefited from healthcare services and coverage.  A system was in place for alternative care models for unaccompanied migrants and adolescents.  A handbook on the alternative care options intended to raise awareness on these options. Work was being done to renovate shelters in key hotspots along the migration route. 

    In 2024, around 439,000 requests for asylum or refugee status were granted, with the vast majority being women.  To improve coordination between the authorities at different levels, capacity building workshops had been made available, and work had been carried out with counterparts in Ecuador and in Brazil, among other countries.  The Domestic Labour and Social Security Code had been strengthened to uphold the rights of domestic workers. International Labour Organization Convention 189 was ratified in 2020.

    The act on enforced disappearance had a system in place which provided relatives of migrant persons with the possibility of submitting requests for action on disappeared persons who could not be found in Mexico.  The Mexican consulates abroad were responsible for the implementation of this system. 

    The intervention of the national guard in public security had not been adopted alone, but in conjunction with other entities.  The Constitution was reformed so the national guard would fall under the Ministry of National Defence.  The armed forces were involved because Mexico was trying to strengthen the national guard as a security force. 

    Mexico did not have a systematic practice of enforced disappearance by the State.  There was a palpable commitment to tackling the challenges being faced by the country.  Regarding the tragic events of the first of October, where a pickup travelling at highspeed was fired on by members of the armed forces, nationals from many countries had been the victims.  The majority of the victims decided to return to their countries of origin, but had been informed of compensation processes.  Around 32 victims had been affected by the incident.   

    If a person was deprived of liberty, this was considered detention.  The right of all migrants to have a public defender was recognised.  This had led to 43 people becoming specialised to allow the federal judiciary to enter the migration centres.  Public defenders’ coverage was now better, and there had been Amparo proceedings in cases where the 36-hour holding deadline was exceeded.  A humanitarian grounds permit needed to be issued until Amparo proceedings were completed.   

    Questions by Committee Experts

    PABLO CERIANI CERNADAS, Committee Expert and Co-Rapporteur for Mexico, asked about the rulings from the Supreme Court; they had not mentioned anything about the Committee.  Each year it seemed there was no solution being found to regularise migration; how effective was the State’s response?  What happened to persons with disabilities travelling through Mexico?  Were resident permits automatically provided to parents of children in Mexico?  Migrant children often worked selling sweets or in coffee production; what progress had been made in this regard?  What was being done to ensure that the women’s justice centre was aware of women’s vulnerabilities throughout the migration process?  How was sexual and reproductive health ensured for women on the move? 

    MOHAMMED CHAREF, Committee Expert and Co-Rapporteur for Mexico, asked how many rulings there had been regarding families who provided shelter to migrants?  How had the Supreme Court ruling been implemented in this regard? 

     

    FATIMATA DIALLO, Committee Chair and Co-Rapporteur for Mexico, asked for statistical data on children who had left migration holding centres and those who still remained, but who should have been released?  How many temporary permits had been issued on humanitarian grounds between 2018 and 2023? Could statistics on the family reunification of migrant workers be provided?  What measures had been taken by Mexico to guarantee access to civil registration documents, particularly for unaccompanied minors?  What was being done to facilitate access to education for unaccompanied minors?  What measures had been taken to combat racism and xenophobia against migrants? 

    Over 65 per cent of Haitian migrants felt they had been impacted by racial discrimination; what was being done to eradicate this?  What measures had been taken to eradicate discrimination in the labour market and combat economic exclusion of migrants?  What were the views of migrants on the national guard and on migration policy?   

    A Committee Expert asked about the Mexican authorities’ plan to deal with the repatriation of Mexican migrants from the United States?  How would it be ensured that they would be returned with full respect to their rights?  What measures were being taken to prevent the disappearance of migrants on routes of migration to America?  What was being done to reduce the smuggling and trafficking of migrants?  What steps were being taken to reduce bureaucratic procedures and ensure better access to financial resources for migrants? Approximately how long were migrants detained during the asylum procedure?  How could this time period be reduced?  Why were the number of claims for asylum in Mexico increasing?  Could more information about the conditions in detention centres be provided?

    Another Expert asked about reports of abuse of migrants in bilateral agreements with Canada; what was the State doing to combat this? 

    A Committee Expert said many people from Latin American countries were travelling to the United States, using Mexico as a transit country.  Could information about accidents with regard to the national guard be provided?   What was being done to improve this situation? 

    Responses by the Delegation

    The delegation said there were two Amparo rulings from 2022, regarding Haitian migrants who had had their migration status checked and revised when trying to board buses.  The ruling found the actions of the bus company and the government migration body were unconstitutional.  The Convention had been cited in various court rulings, although not many.  Mexico would ensure there was judicial training on the provisions of the Convention to ensure it could be cited more frequently moving forward.  The State was aiming to adopt a different approach to human trafficking to focus on those who facilitated the human trafficking, rather than those carrying out the trafficking.  There had been 95 cases involving enforced disappearances where a search order was enacted.  Data gathering efforts in this regard had been improved, thanks to a ruling from the courts.

    The State had spent the last three years working on a project to ensure that all international recommendations related to enforced disappearance could be implemented and crafted into policies at the State and federal levels.  A decision had been taken in 2011 to ensure decisions on mass graves could be shared with the relatives.  The Victims’ Commission sat alongside the court and had dealt with various cases, including the mass grave case, where the remains of 72 persons were found.   

    Regarding the fire in the migration holding centre, the Federal Public Prosecutor had intervened in real time, offering services to the victims.  This fire took place a few weeks after the Supreme Court’s ruling that migration detention could not exceed 36 hours.  Those who were in need of medical care had been sent to hospitals and the Victims’ Commission was supporting those seeking compensation. Close work had been done with consular officials to identify those who had died in the event. 

    The National Institute of Migration had begun to introduce a range of infrastructure improvements to migration centres, including medical clinic facilities, real-time simultaneous interpretation services, enhancements to the physical environment, and the additions of rescue and first aid kits and smoke detectors. Around 2,935 staff had been trained in migration holding centres on civil protection.  There were three multiservice centres in the border areas with the United States.  Mexico had added 10 centres to provide support for Mexicans who had been repatriated from the United States, which could accommodate 2,500 people each. 

    The State had seen a fall in the number of humanitarian permits being issued; there should be more mechanisms which were an alternative to requesting asylum or a stay on humanitarian grounds.  This would enable more migrants to regularise their situation.  A programme was being designed for regularising the situation of migrants, which would help to reduce delays in the asylum system.  Mexico was also seeking other channels with third countries to ensure those who reached Mexico did so with a regularised status. 

    Mexico had been working with third countries, who recognised it was Mexico’s prerogative to admit foreign nationals onto their territory.  Mexico had ratified certain procedures in airports and tried to improve the facilities of holding centres.  The majority of refusals for entry into the country were due to inconsistency in entry interviews. 

    Since January this year, the Ministry of Foreign Affairs could issue identity documents to refugees, stateless persons and those who did not have a consular office in Mexico. This would allow more documents to be provided to migrants.  A memorandum had been signed in 2023 to try and foster family reunification, which was currently being revised, to see if it could be continued with the current United States administration.  There was permanent communication between Mexico and the Canadian Government and there was an annual review of the bilateral agreements to bring about improvements.  Mexico would review the information provided by civil society to raise any problems.

    Mexico had not and would never enter into an agreement about the refoulment of third-party nationals. These expulsions were unilateral, and Mexico would respect the Supreme Court’s rulings on guidelines for receiving and supporting these people.  A dialogue had been held with civil society organizations in the United States to step up the support provided by Mexico through its consular network.  Since 2010, justice centres had been vital to providing services to women victims of violence transiting through Mexico. Between 2019 and 2023, a budget of 400 million pesos was provided to these centres to improve the facilities and training. 

    Last year, the Ministry of Labour established a platform which provided services for job seekers in Mexico who were from other countries.  The United Nations High Commissioner for Refugees had been working with the Mexican Government to implement local integration programmes, which had provided 50,000 jobs for refugees so far in Mexico.  All programmes supported the issuance of necessary documents, such as banking services.  The Government had been working with the banking association to ensure they would provide services to refugees and migrants. 

    Mexico recognised that education was a vital pillar for development, and there were programmes allowing the continuation of studies, including for those who had been repatriated back to Mexico.  Vocational courses were provided for returnee and repatriated Mexicans.  A raft of educational material had been designed, including handbooks which focused on the needs of migrant children and looked at ways to encourage them to pursue education.  The process for granting refugee status to Haitian migrants had been accelerated.     

    Questions by Committee Experts

    PABLO CERIANI CERNADAS, Committee Expert and Co-Rapporteur for Mexico, asked what mechanisms and tools existed to ensure the recommendations of the treaty bodies were implemented?  What authorities were involved in migration checks and verifications?  Had the recommendation to create a register of detained migrants been followed up on?  What was being done to follow up on the Amparo court ruling regarding the maximum detention period of 36 hours? 

    The Committee had heard that in some cases people were held for up to 15 days before their migration cases were reviewed.  What resources were made available to detainees during the 36-hour time frame? How were the cases of children heard and deferred?  How was the child protection office in Mexico coordinating with its counterparts abroad in Honduras, Haiti and the United States to better serve children and make a decision on their case? 

    What was being done to promote the registration of the births of Mexicans abroad?  Did they automatically have the right to Mexican nationality?  What consular support services were in place for Mexicans who had been detained on migration grounds?  What was Mexico doing at the foreign policy and foreign relations level to push for regularisation for people who had been working in the agricultural sector in the United States for years?  With the closure of the CBP 1 by Trump, some people had their asylum process for the United States interrupted; what was happening to them?  Were the centres for comprehensive support and advice intended to replace the holding facilities, or would they sit alongside them? 

    MOHAMMED CHAREF, Committee Expert and Co-Rapporteur for Mexico, asked what resources were made available to the national human rights institution and the Better Group? What was being done to plug gaps with regard to data and statistics?  The number of seasonal workers in Canada was constantly increasing; these workers had to pay their own tickets to Canada and their own rent. Were the long-term health impacts of the work on these workers taken into account, due to the handling of pesticides etc? 

    FATIMATA DIALLO, Committee Chair and Co-Rapporteur for Mexico, noted that the “United States Remain in Mexico policy”, required migrants to remain at the border while the United States Governments processed their cases; what had the Mexican State done to provide for these migrants who were forced to remain in Mexico in the hazardous border areas? 

    A Committee Expert said Mexico was at the very heart of migration and was a migration champion, which was honourable.  The country’s geographic location placed it at the heart of migration to the United States, which was not a State party to the Convention.  What would Mexico do to encourage the United States to regularise Mexican migrants in the United States? 

    Responses by the Delegation

    The delegation said a register had been established for children and adolescents who were being processed by the migration authorities.  There was a register for adults held in migration holding centres. The Ministry of Home Affairs was working on migration regularisation on family reunification grounds.  The migration holding centres were established and improved to address the needs of those people who had been identified by the National Migration Institute as being in an irregular status.  They had been taken there to be processed within 36 hours.  The multiservice centres, on the other hand, had been designed for people who were on the move and had international protection needs.  People on the move were provided with shelter, health services, and the opportunity to take up job offers. 

    Since the new United States administration took office on 20 January 2025 and there had been a harshening of migration policies, Mexico had strengthened its consular assistance in response.  More than 5,000 legal advice meetings had been held under this programme, bolstered through the services of legal aid officers and partnerships with civil society organizations, who could provide services to Mexicans abroad.  All the consular offices in the United States were linked to the electronic case management system; more than 1,600 cases were still active and were being followed through to their conclusion.  An app was available which had direct interaction, as well as the Mexican Assistance and Support Office, which operated 24/7. 

    Consular visits to places of deprivation of liberty had also been bolstered under the new strategy, and in the first quarter of the year there had been an average of 30 visits per day.  Mexico had been mapping the detention of migrants by the United States authorities and was able to immediately respond to them.  Advice was being given to Mexican compatriots abroad, so they could stay informed and ensure they had the proper legal protections.  The 10 repatriation centres which had been set up on the southern border with the United States provided health care services, nutrition, food and education to those who had been repatriated. 

    Mexico had pursued actions to simplify the number of hoops which had to be jumped through to ensure that the birth of a Mexican abroad could be registered.  Mexico had amended the national civil status code to ensure statelessness could be avoided.  There had been an investigation into the fire at the migration centre and various State institutions had been held responsible for failings.  There had been a 70 per cent increase in the number of Americans migrating to Mexico in recent years, partially due to the lower cost of living. 

    The Mexican Government had pursued meaningful efforts to promote the regularisation of Mexican migrants in the United States.  This included contributing to the Dreamers Programme, and forging partnerships and alliances with members of Congress and State officials to promote recognition of the positive impact of migrants. 

    The recommendations of human rights treaty bodies were channelled by a variety of thematic working groups.  Mexico had played a key role in championing the Convention on the Rights of Persons with Disabilities.  Mexico had learned that tolerance and inclusion could be an effective response to a crisis like COVID-19.

    Closing Remarks

    PABLO CERIANI CERNADAS, Committee Expert and Co-Rapporteur for Mexico, thanked Mexico for the constructive dialogue.  The Committee was fully aware of the complexity of human movement in Mexico as a phenomenon, due to the location, the sheer number of migrants, and the voluntary or forced returns of Mexican compatriots, coupled with drug trafficking and the fact that Mexico was a neighbour of the world’s largest drug consumer.  Mexico had taken some positive steps, and the Committee looked forward to working collaboratively to find solutions to the challenges.

    MOHAMMED CHAREF, Committee Expert and Co-Rapporteur for Mexico, said Mexico was one of the champions of migration around the world.  The State was in a challenging situation due to being an origin, transit and destination country.   It was hoped that Mexico would be a key promoter of general comment no. 6 and that it would continue to champion the Convention.   Mr. Charef wished the State every success in delivering on migrants’ rights.

    FRANCISCA E. MÉNDEZ ESCOBAR, Permanent Representative of Mexico to the United Nations Office at Geneva and Head of the Delegation, said Mexico continued to be committed to protecting the rights of migrants and upholding its international obligations.  Mobility involved challenges, and the State should have a responsible attitude based on rights which adapted to a changing context.  Mexico had made progress in protecting the rights of migrant children, adolescents, women and migrant workers, and would strengthen activities in areas where challenges remained to ensure the full implementation of the Convention.  There were several ways in which the Committee could assist Mexico, including for the Committee to keep note of a compendium of best practices within the recommendations provided.   

    ___________

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    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CMW25.002E

    MIL OSI United Nations News

  • MIL-OSI: Convocation of the ordinary general shareholders meeting of Invalda INVL

    Source: GlobeNewswire (MIL-OSI)

    On the initiative and decision of the Board of the public joint stock company Invalda INVL the ordinary General Shareholders Meeting of the public joint stock company Invalda INVL (identification code 121304349, the registered address Gynėjų str. 14, Vilnius, Lithuania) is to be held on 30 April 2025 at 9:00 a.m. in the premises located in Gynėjų str. 14, Vilnius. Registration of the shareholders will start at 8:30 a.m.

    The total number of shares of the Company amounts to 12,299,375. Given that the Company has acquired its own shares, the total number of votes for the quorum of the General Meeting of Shareholders is 12,016,791. ISIN code of the shares of the Company is LT0000102279.

    The accounting day of the of General Meeting of Shareholders – 23 April 2025 (the persons who are shareholders of the Company at the end of accounting day of the General Meeting of Shareholders or persons authorized by them, or the persons with whom shareholders concluded the agreements on the disposal of voting right, shall have the right to attend and vote at the General Meeting of Shareholders).

    The day of accounting of rights is 15 May 2025.

    The agenda of the General Shareholders Meeting of Invalda INVL includes:
    1. Presentation of the public joint stock company Invalda INVL consolidated annual management report for 2024.
    2. Presentation of the independent auditor’s report on the financial statements and consolidated annual management report of the public joint stock company Invalda INVL.
    3. Approval of the consolidated and stand-alone financial statements for 2024 of the public joint stock company Invalda INVL.
    4. Resolution regarding profit distribution of the public joint stock company Invalda INVL.
    5. Decision on approval of the Remuneration Report of the public joint stock company Invalda INVL.
    6. Resolution regarding purchase of own shares of the public joint-stock company Invalda INVL.
    7. Resolution regarding the exercise of stock options granted to Invalda INVL Group employees in 2022.
    8. Resolution regarding the number of ordinary registered shares of Invalda INVL for which employees shall be offered stock options contracts during the year 2025 and regarding the price of the shares.

    The documents related to the agenda, draft resolutions on every item of agenda, documents what have to be submitted to the General Shareholders Meeting and other information related to the shareholders rights are published on the Company’s website www.invaldainvl.com, menu item Investor relations.

    Shareholders have the right:
    (i) to propose to supplement the agenda of the General Shareholders Meeting submitting draft resolution on every additional item of agenda or, then there is no need to make a decision – explanation of the shareholder (this right is granted to shareholders who hold shares carrying at least 1/20 of all the votes). Proposal to supplement the agenda is submitted in writing sending the proposal by registered mail to the Company at Gyneju str. 14, Vilnius, Lithuania, or delivered in person to the representative of the Company or by sending proposal to the Company by email info@invaldainvl.com. The agenda is supplemented if the proposal is received no later than 14 days before the General Shareholders Meeting;
    (ii) to propose draft resolutions on the issues already included or to be included in the agenda of the General Shareholders Meeting at any time prior to the date of the General Shareholders meeting (in writing, sending the proposal by registered mail to the Company at Gyneju str. 14, Vilnius, Lithuania, or delivered in person to the representative of the Company or by sending proposal to the Company by email info@invaldainvl.com) or in writing during the General Shareholders Meeting (this right is granted to shareholders who hold shares carrying at least 1/20 of all the votes);
    (iii) to submit questions to the Company related to the issues of agenda of the General Shareholders Meeting in advance but no later than 3 business days prior to the General Shareholders Meeting in writing sending the proposal by registered mail to the Company at Gyneju str. 14, Vilnius, Lithuania, or delivered in person to the representative of the Company or by sending proposal to the Company by email info@invaldainvl.com. The company reserves the right to answer to those shareholders of the Company who can be identified and whose questions are not related to the company’s confidential information or commercial secrets.

    Shareholder participating at the General Shareholders Meeting and having the right to vote, must submit documents confirming personal identity. Each shareholder may authorise either a natural or a legal person to participate and to vote on the shareholder’s behalf at the General Shareholders Meeting. A power of attorney issued by a natural person must be certified by a notary. The representative has the same rights as his represented shareholder at the General Shareholders Meeting. The authorized persons must have documents confirming their personal identity and power of attorney approved in the manner specified by law which must be submitted to the Company no later than before the commencement of registration for the General Shareholders Meeting. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by law. The Company does not establish special form of power of attorney.

    Shareholder is entitled to issue power of attorney by means of electronic communications for legal or natural persons to participate and to vote on its behalf at the General Shareholders Meeting. No notarisation of such authorization is required. The power of attorney issued through electronic communication means must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through the means of electronic communication by e-mail info@invaldainvl.com not later than on the last business day before the General Shareholders Meeting. The power of attorney and notification must be issued in writing and could be sent to the Company by electronic communication means if the transmitted information is secured and the shareholder’s identity can be identified.

    The Company is not providing the possibility to attend and vote at the General Shareholders Meeting through electronic means of communication. Shareholder or its representative may vote in writing by filling ballot paper and signing with a qualified electronic signature, in such a case the requirement to deliver a personal identity document does not apply. The form of the general ballot paper is published together with draft resolutions of the General Shareholders Meeting as well as on the Company’s website www.invaldainvl.com.

    If shareholder requests, the Company shall send the ballot paper to the requesting shareholder by registered mail or ordinary mail.

    The filled ballot paper must be signed by the shareholder or its authorised representative. Document confirming the right to vote must be added to the ballot paper if an authorized person is voting. The filled and signed ballot paper must be sent by the registered mail to the Company at Gyneju str. 14, 01109 Vilnius, Lithuania, or delivered in person no later than the beginning of the General Shareholders Meeting. Shareholders may also vote by signing the voting bulletin with an electronic signature and sending it to the Company by e-mail. A duly completed and with a qualified electronic signature signed ballot paper can be sent to the company by e-mail info@invaldainvl.com before the opening shareholders’ registration for the general meeting of shareholders, i.e. by 8.30 a.m. on 30 April 2025.

    The person authorized to provide additional information is:
    Darius Šulnis, CEO of Invalda INVL
    Darius.Sulnis@invl.com

    The MIL Network

  • MIL-OSI: Bitex Wealth Rises to Top 3 Auto-Trading Platforms Among German Crypto Users

    Source: GlobeNewswire (MIL-OSI)

    London, UK, April 08, 2025 (GLOBE NEWSWIRE) — In a market saturated with promises but short on performance, one platform is quickly becoming the talk of Germany’s crypto scene. Bitex Wealth, a leading AI-powered trading platform, has officially ranked among the Top 3 auto-trading solutions used by German investors, according to data compiled by multiple FinTech analytics sources in Q1 2025.

    With its cutting-edge automation tools, instant withdrawal capability, and client-focused features, Bitex Wealth is being recognized not only for its technology, but also for its results. German users have responded in record numbers, with thousands of traders — from beginners to professionals — citing Bitex Wealth as their go-to platform for daily passive profits and seamless crypto investing.

    The platform’s dramatic rise has also led to a surge in Bitex Wealth Bewertungen across the German crypto community, reflecting a broad wave of trust and satisfaction from active users.

    Proven Performance for the German Market

    Germany has long been seen as a cautious, regulation-oriented investment market. Yet Bitex Wealth has defied expectations by building massive traction among German crypto investors. The company’s success lies in its balance between innovation and control — offering institutional-grade automation without compromising user flexibility or security.

    The company’s AI engine now executes over 70,000 trades per day, powered by real-time market scanning, predictive analysis, and adaptive learning based on user preferences. Whether users are trading BTC, ETH, or altcoin pairs, the system ensures that every trade is data-driven, risk-adjusted, and optimized for the best entry and exit.

    More importantly, the system is fully automated, enabling users to generate consistent profits without spending hours studying charts or tracking news cycles. According to recent Bitex Wealth Bewertungen, most German users activate the system within minutes and start seeing daily returns within the first week.

    What German Users Are Saying

    Bitex Wealth’s rise in Germany is not a marketing success — it’s a performance story. The platform’s rapid growth is backed by a wave of satisfied users who are eager to share how it has changed the way they invest.

    Here are three verified testimonials from German clients:

    Lena B. – Hamburg, Germany
    “I joined Bitex Wealth in January after reading positive Bitex Wealth Bewertungen. I was skeptical at first, but after 45 days, my portfolio had grown by 64%. I don’t need to babysit the market anymore — the AI does it better than I ever could.”

    Jonas H. – Berlin, Germany
    “I’ve used several platforms before, but Bitex Wealth is the first one that actually delivered consistent results. Withdrawals are instant, the interface is clean, and I get daily updates on my performance. German efficiency in crypto form!”

    Monika F. – Frankfurt, Germany
    “As someone who works full-time, I never had time for active trading. Bitex Wealth’s auto-trading changed everything. I make money while I sleep, and the platform is fully compliant and easy to use. Best decision I’ve made in 2025.”

    These sentiments are echoed in hundreds of Bitex Wealth Bewertungen shared across social media, forums, and financial news sites — with many users highlighting profitability, simplicity, and trust as the platform’s core strengths.

    Instant Withdrawals and Total Transparency

    One of Bitex Wealth’s standout features — and a reason it ranked so highly among German users — is its instant withdrawal infrastructure. Unlike traditional platforms that impose long waiting periods or minimum limits, Bitex Wealth allows users to withdraw profits instantly, 24/7, with no delays or hidden fees.

    Users can transfer their funds in crypto or fiat, directly to their wallet or bank account, with real-time transaction tracking and full reporting available inside the dashboard. This level of liquidity has earned praise in numerous Bitex Wealth Bewertungen, especially among German clients used to stringent banking protocols.

    Additionally, the platform provides transparent reporting, including:

    • Real-time trade logs
    • Weekly and monthly PnL summaries
    • Risk exposure dashboards
    • Full tax export functions compatible with German regulations

    AI Trading Without the Guesswork

    The success of Bitex Wealth in Germany is deeply connected to its streamlined user experience. Unlike overly complex exchanges or bot frameworks, Bitex Wealth is designed so that anyone can trade like a pro, without writing code, tweaking strategies, or understanding technical indicators.

    Features include:

    • One-click activation of AI trading
    • Customizable risk modes (Low, Medium, High)
    • Access to live performance statistics
    • Multi-asset trading (BTC, ETH, XRP, USDT, and more)
    • Mobile and desktop accessibility

    The AI adapts automatically to market volatility and adjusts position size and entry points dynamically. According to current Bitex Wealth Bewertungen, users across all experience levels report stable and growing portfolios, even during turbulent market phases.

    Designed for Security and Compliance

    Security is a critical concern for German users — and Bitex Wealth has built its infrastructure accordingly. The platform uses:

    Two-factor authentication (2FA) 

    • Cold wallet storage for client funds
    • GDPR-compliant data processing
    • Encrypted trade logs and secure user dashboards
    • Partnered AML/KYC providers approved in the EU
    • This focus on compliance and transparency further boosts the platform’s credibility, making it an attractive solution for both casual investors and high-net-worth individuals.

    Bitex Wealth Is Just Getting Started

    As 2025 unfolds, Bitex Wealth continues to gain momentum — not just in Germany, but across the EU. Its entry into the Top 3 auto-trading platforms for German crypto users marks a pivotal moment in the evolution of retail investing.

    With its powerful AI engine, real-time payouts, proven profitability, and unmatched user satisfaction reflected in countless Bitex Wealth Bewertungen, Bitex Wealth isn’t just another trading platform — it’s setting a new standard for what crypto trading should look like.

    The MIL Network

  • MIL-OSI: Gibson Energy Confirms 2025 First Quarter Earnings Release and Annual General Meeting Dates and Provides Conference Call & Webcast Details

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 08, 2025 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) announced today that it expects to release its 2025 first quarter financial and operating results on Monday, May 5, 2025, after the close of North American markets. The 2025 first quarter management’s discussion and analysis and unaudited consolidated financial statements will be available on the Company’s website at www.gibsonenergy.com and on SEDAR+ at www.sedarplus.com.

    Earnings Conference Call & Webcast Details
    A conference call and webcast will be held to discuss the 2025 first quarter financial and operating results at 7:00am Mountain Time (9:00am Eastern Time) on Tuesday, May 6, 2025.

    To register for the call, view dial-in numbers, and obtain a dial-in PIN, please access the following URL:

    Registration is currently open and recommended at least five minutes prior to the conference call.

    This call will also be broadcast live on the Internet and may be accessed directly at the following URL:

    The webcast will remain accessible for a 12-month period at the above URL.

    Annual General Meeting & Webcast Details
    Gibson is holding its Annual Meeting of Shareholders on May 6, 2025, at 10:00am Mountain Time (12:00pm Eastern Time). This meeting will be held in a hybrid format (virtual and in-person). Applying technology to the meeting by allowing virtual participation will make the meeting more relevant, accessible and engaging for all involved, permitting a broader base of shareholders to participate, regardless of their geographic location.

    Attending In-Person:  

    • Lumi Experience Studio 
    • Suite 1410, 225 6 Ave SW, Calgary, Alberta 

    Attending virtually can be accessed using the following URL: 

    The webcast will remain accessible for a 12-month period at the above URL. 

    Additionally, information and materials related to the annual general meeting of shareholders can be accessed using the following URL: 

    About Gibson
    Gibson Energy Inc. is a leading liquids infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan.

    Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com.

    For further information, please contact:

    Investor Relations
    Phone: (403) 776-3077
    Email: investor.relations@gibsonenergy.com

    Media
    Phone: (403) 476-6334
    Email: communications@gibsonenergy.com

    The MIL Network

  • MIL-OSI: FormFactor Introduces the EVOLVITY™ 300 Probe System

    Source: GlobeNewswire (MIL-OSI)

    LIVERMORE, Calif., April 08, 2025 (GLOBE NEWSWIRE) — FormFactor, Inc. (NASDAQ: FORM), a supplier of electrical test and measurement technologies, has introduced the EVOLVITY™ 300, a semi-automated engineering wafer probe system that complements the company’s proven CM300 product line. The EVOLVITY 300 simplifies on-wafer probing with its compact, easy-to-use design, developed specifically for RF/DC modeling and device characterization.

    While the CM300 is a modular platform adaptable to a wide range of use cases and customer-specific applications, supporting both manual and automated wafer loading, the EVOLVITY 300 includes the most commonly required features as standard, ensuring ease of use and quick deployment. Building on the trusted legacy of the Cascade S300 and Elite systems, the EVOLVITY 300 provides a flexible, space-efficient platform that integrates into existing setups. Its compact design optimizes lab space and enables easy switching between applications such as advanced RF measurements, DC characterization, and probe cards. Additionally, the system offers automation options that simplify operations and provide greater flexibility for users.

    “We believe on-wafer testing systems should be as straightforward as possible,” said Jens Klattenhoff, VP and GM of the Systems Business Unit at FormFactor. “That is why we designed the EVOLVITY 300 with ease of use in mind – offering simple configuration, quick setup, and long-term support. Its intuitive interface and streamlined processes reduce setup time and complexity, allowing even less experienced users to focus on testing and development instead of tedious setup work.”

    Key Features of the EVOLVITY 300:

    • Mechanical Platen Lift: Enhances safety during complex RF set-ups, increasing operator confidence and minimizing the risk of errors.
    • Ease-of-use and Advanced Automation: Full compatibility with FormFactor’s Autonomous RF and DC measurement assistants as well as Velox Dash companion app control.
    • Reconfigurable Platen Inserts: Quickly switch between TopHat, PCH, and IceShield inserts within minutes to support a wide variety of test configurations.
    • Spacious Platen Design: Provides flexibility for both RF and DC setups without space limitations, ensuring easy integration of different configurations.
    • Compact Design: Small footprint with field-upgradable components for smooth integration into existing test cells.

    For more information about the EVOLVITY 300, visit https://www.formfactor.com/product/probe-systems/300-mm-systems/evolvity-300/.

    About FormFactor

    FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design debug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the federal securities laws. These statements are based on management’s current expectations and beliefs as of the date of this release and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the impact of this new test system. Forward-looking statements may contain words such as “may,” “might,” “will,” “expect,” “plan,” “anticipate,” “forecast,” and “continue,” the negative or plural of these words and similar expressions and include the assumptions that underlie such statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in demand for the Company’s products; customer-specific demand; market opportunity; anticipated industry trends; the availability, benefits, and speed of customer acceptance or implementation of new products and technologies; and other factors, including those set forth in the Company’s most current annual report on Form 10-K, quarterly reports on Form 10-Q and other filings by the Company with the U.S. Securities and Exchange Commission. In addition, there are varying barriers to international trade, including restrictive trade and export regulations such as the US-China restrictions, dynamic tariffs, trade disputes between the U.S. and other countries, and national security developments or tensions, that may substantially restrict or condition our sales to or in certain countries, increase the cost of doing business internationally, and disrupt our supply chain. No assurances can be given that any of the events anticipated by the forward-looking statements within this press release will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Unless required by law, the Company is under no obligation (and expressly disclaims any such obligation) to update or revise its forward-looking statements whether as a result of new information, future events, or otherwise.

    FormFactor Investor Contact
    Stan Finkelstein
    Investor Relations
    (925) 290-4273
    ir@formfactor.com 

    The MIL Network

  • MIL-OSI: Vicor Corporation to Hold First Quarter Earnings Conference Call and Webcast on April 29, 2025

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., April 08, 2025 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) announced today it will hold its first quarter 2025 earnings conference call and webcast on Tuesday, April 29, 2025 at 5:00 p.m. (Eastern). Prepared remarks regarding the company’s financial and operational results for the three months ended March 31, 2025 will be followed by a question and answer period with Patrizio Vinciarelli, Chief Executive Officer, Jim Schmidt, Chief Financial Officer, and Phil Davies, Corporate Vice President, Global Sales and Marketing.

    Results for the first quarter will be released over GlobeNewswire at the close of the NASDAQ Market Session on April 29, 2025, and the press release and a summary of the company’s financial statements will be available shortly thereafter on the Investor Relations page of Vicor’s website.

    Vicor encourages investors and analysts who intend to ask questions via the conference call to register with Notified, the service provider hosting the conference call. Those registering on Notified’s website will receive dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Registration may be completed at any time prior to 5:00 p.m. on April 29, 2025.

    For those parties interested in listen-only mode, the conference call will be webcast via a link that will be posted on the Investor Relations page of Vicor’s website prior to the conference call. Please access the website at least 15 minutes prior to the conference call to register and, if necessary, download and install any required software.

    For those who cannot participate in the live conference call, a webcast replay of the conference call will also be available on the Investor Relations page of Vicor’s website.

    About Vicor

    Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, and aerospace and defense electronics.

    www.vicorpower.com

    For further information contact:
    Vicor Corporation
    James F. Schmidt
    Chief Financial Officer
    Office: (978) 470-2900
    Email: invrel@vicorpower.com

    The MIL Network

  • MIL-OSI Economics: DDG Hill stresses trade’s role in innovation at IP and Innovation Researchers of Asia event

    Source: WTO

    Headline: DDG Hill stresses trade’s role in innovation at IP and Innovation Researchers of Asia event

    DDG Hill reflected on the symbolic timing of the negotiations of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which coincided with the release into the public domain of the World Wide Web, developed at the European Organization for Nuclear Research (CERN) in Geneva. She noted how these two developments reshaped the global economy, embedding intellectual property into trade policy just as digital technology began redefining how knowledge is created and shared.
    DDG Hill also emphasized how a balanced IP framework can support innovation ecosystems and attract investment. “Well-conceived and balanced IP regimes enable global collaboration, particularly in regions that have embraced technology as a strategic driver of growth,” she noted.
    Now in its 7th year, the annual IPIRA conference serves as an important platform for supporting emerging IP scholarship and research. This year’s edition saw the presentations of over 200 papers from scholars from 150 institutions focusing on a wide range of themes related to IP and innovation. Hasan Kleib, Deputy Director General at the World Intellectual Property Organization (WIPO) also addressed participants in the conference. The event brought together over 300 legal scholars and intellectual property (IP) researchers from across Asia and beyond.
    Participants praised IPIRA’s role in shaping the regional intellectual property landscape. “IPIRA has significantly helped us refine our research and elevate the overall quality of our scholarship,” said Associate Professor Althaf Marsoof of the Nanyang Technological University, Singapore.
    Dr. Henny Marlyna, Assistant Professor at Universitas Indonesia, echoed this sentiment: “IPIRA has encouraged me to view intellectual property not just as a legal field, but as a powerful tool for shaping innovation policy and fostering economic and social development.”

    Share

    MIL OSI Economics

  • MIL-OSI Economics: Piero Cipollone: Empowering Europe: boosting strategic autonomy through the digital euro

    Source: European Central Bank

    Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament

    Brussels, 8 April 2025

    It is a privilege to be here today to continue our discussion on the digital euro.

    There are many compelling arguments in favour of introducing a digital euro, and in my view they all converge on one fundamental principle: strengthening Europe’s strategic autonomy.

    Today I would like to discuss what strategic autonomy in day-to-day payments means in practice, looking at both the key role of cash and the benefits of a digital euro.

    Faced with a less predictable international environment, it is now time to take concrete action.

    Retail payments are becoming increasingly digital.[1] Consumers are increasingly choosing to use digital means of payment in shops, and they are also making ever more purchases online. Yet, a significant share of these transactions depend on non-European providers. Today, people in 13 euro area countries rely solely on international card schemes or mobile solutions for in-shop payments.[2] And even where national card schemes exist, they rely on co-badging with international card schemes to enable cross-border payments within the euro area. In the not so distant future, this could evolve into dependence on other private means of payment, for instance foreign stablecoins.

    Excessively relying on foreign providers undermines our resilience and compromises our monetary sovereignty.[3] It also underscores the urgent need for a digital euro. Failing to act would not only expose us to significant risks, but also deprive us of a great opportunity.

    The vital role of cash in ensuring financial inclusion and resilience

    Despite the rapid digitalisation of retail payments, cash remains a cornerstone of the European financial system and is currently our only sovereign means of payment.

    The continued strong demand for cash[4] highlights the importance of ensuring that it remains a convenient, secure and universally accepted means of payment and store of value.

    Cash ensures financial inclusion, but it also plays a crucial role in maintaining the resilience of our payment systems and economies. In times of crisis, for example during cyberattacks or power failures, cash provides a reliable fall-back option. We have also seen this during the natural disasters that have affected parts of the euro area over the past year.

    Against this background, the Eurosystem is fully committed to ensuring that cash remains a widely available and accepted means of payment for everyone in Europe. We have implemented a comprehensive cash strategy[5], and we are redesigning euro banknotes to make them fit for the future.

    Moreover, the ECB strongly welcomes the proposed regulation governing the legal tender status of euro banknotes and coins. As we explained in our opinion, the regulation should clearly prohibit ex ante unilateral exclusions of cash by retailers or service providers. It should also ensure that Member States will hold the banking sector responsible for providing essential cash services to both private and corporate customers, ensuring good access to facilities for withdrawing and depositing euro cash across the euro area.[6]

    The need to enhance Europe’s strategic autonomy in digital payments in a changing geopolitical environment

    However, we must also ensure that Europeans have a secure and reliable digital means of payment that complements cash and extends its key benefits to the digital sphere. The growing preference for digital payments means that the acceptance and the availability of cash are no longer sufficient to cover a growing share of use cases. For example, online shopping accounts for more than one-third of our retail transactions, but cash cannot be used online and it is often not possible to pay using a European payment service[7], meaning we need to rely on non-European payment systems. This is a structural weakness that we need to address.

    Europe cannot afford to rely excessively on foreign payment solutions. Doing so makes us dependent on the kindness of strangers in a context of heightened geopolitical tensions. The urgency of preserving our autonomy in defence and energy is already extremely clear. But ensuring autonomy for essential services like daily payments is just as urgent. Without it, we are vulnerable to geopolitical threats and risk losing our monetary sovereignty. Recent international developments underscore these risks.

    Meanwhile, our reliance on foreign payment providers weakens our economic potential and our ability to compete. Owing to the fragmented payments market, European payment service providers often lack the scale to offer their services across the EU. This plays into the hands of non-European providers that can offer their services at the European level, and even internationally.

    Our fragmented market structure also comes with a large price tag. But it does not have to be this way – we have the power to decide how unified our payments market should be.

    Data show that domestic card schemes are losing market share across Europe[8], while international schemes charge high fees to European banks and merchants.[9]

    And the growing popularity of digital wallets like PayPal or Apple Pay is exposing European banks to further outflows of fees and data.

    Most recently, the measures taken by the new US Administration to promote crypto-assets and US dollar-backed stablecoins raise concerns for Europe’s financial stability and strategic autonomy. They could potentially result not just in further losses of fees and data, but also in euro deposits being moved to the United States and in a further strengthening of the role of the dollar in cross-border payments. At the same time, private businesses are increasingly open to accepting stablecoins for customer payments, which could have far-reaching implications for monetary sovereignty.[10]

    Faced with these challenges, we need a public-private partnership to retain our sovereignty. The digital euro – as a sovereign European means of payment based on EU legislation – would be the cornerstone of this partnership.

    It would ensure that the euro area retains control over its financial future. By offering a secure and universally accepted digital payment option which would be suitable for all use cases – and, crucially, under European governance – it would reduce our dependence on foreign providers. And it would limit the potential for foreign currency stablecoins to become a common medium of exchange within the euro area.[11]

    The digital euro would provide European consumers with a simple and safe digital payment option, free for basic use, that covers all their payment needs everywhere in the euro area while ensuring their privacy.[12] It would also protect European merchants from excessive charges imposed by international card schemes and put them in a stronger position to negotiate fees with these schemes.[13]

    In addition, the digital euro could be used offline, making our daily payments more resilient as both consumers and merchants would still be able to use the digital euro without a network connection.

    And, importantly, the digital euro would enable European payment service providers to operate autonomously once more.[14] The digital euro would not compete with private initiatives. Instead, it would exploit synergies and enable private initiatives to scale up more easily across the EU. This would help overcome the hurdles that have led to the current fragmentation.

    One example of these synergies is offering an integrated solution that enables private initiatives to provide services across the euro area and effectively cover all use cases thanks to the common digital euro standards.

    This would mean that people would not have to look for alternative foreign payment solutions. European banks would be able to retain their customers and be adequately compensated for their services.

    The world of payments is changing fast, which is why it is crucial to move forwards with the digital euro legislation now.

    The consequences of inaction are becoming increasingly apparent. Inaction could lead to a loss of control over our financial infrastructure, increased reliance on foreign systems and potential disruptions to our banking and credit systems. Delaying the digital euro would slow down our collective public-private response to these risks. European citizens are relying on us to secure Europe’s chance to drive change rather than watch from the sidelines.

    Digital euro project on track

    Let me now focus on the technical progress of our project.

    The legal framework is crucial in shaping how the digital euro operates, including its status as legal tender and how privacy is protected. In parallel, the digital euro project is progressing according to schedule and we are nearing the end of the preparation phase.[15]

    Together with market participants we are working on the digital euro rulebook – a single set of rules, standards and procedures for digital euro payments.[16] You have previously asked about the benefits a digital euro would have for the private sector. This rulebook will enable European payment providers to expand their services across the euro area by capitalising on the open standards and legal tender status of the digital euro. As soon as the legislation is adopted by the co-legislators, these standards can be finalised and market participants can use them, even before the potential issuance of a digital euro.[17] This would frontload the benefits for both merchants and consumers. Later this week we will publish an update on the progress we have made on developing the rulebook.

    It is vital that the digital euro ensures the stability of the financial system – we have heard your concerns on this topic, and it is one of our key priorities. As I mentioned the last time we met, we are currently developing the methodology that builds a solid analytical base to determine the digital euro holding limit.[18] This methodology is based on the three pillars indicated in the draft legislation – usability, monetary policy and financial stability. We are building on the feedback we have received from all market stakeholders, and we aim to publish the results in the summer. Preliminary findings already indicate that using the digital euro for daily payments will not harm financial stability, banking supervision or monetary policy.

    This public-private effort to regain our autonomy in the retail payment space will be more likely to succeed if it also fosters innovation, as some of you have mentioned previously. Therefore, last October we issued a call for expressions of interest in innovation partnerships for the digital euro.[19] The primary goal is to experiment with conditional payments and other innovative use cases. For example, we are exploring the possibility of allowing people to pay only if a given service is provided, thereby avoiding lengthy and uncertain reimbursement procedures.

    We have seen a lot of interest from various market sectors, with around 100 applicants wanting to experiment further with new use cases and technological solutions.[20] These innovation partnerships will ultimately benefit all digital euro providers and users. Providers will be able to expand their customer and revenue bases, while users will benefit from innovative payment options.

    In addition, technical work on privacy, offline functionality and operational resilience is progressing well. We are also in the middle of the procurement process to establish framework agreements with possible future providers of digital euro services.[21]

    Finally, we are conducting comprehensive user research to gather actionable insights into user preferences and ensure that the digital euro offers people clear benefits.[22] This is something you also raised in the European Parliament’s recent resolution on the ECB’s Annual Report.[23]

    Conclusion

    Let me conclude.

    The time to act is now. Making progress on both the digital euro regulation and the regulation on the legal tender status of cash has become urgent if we are to increase our resilience to possible disruptions and reverse our ever-increasing dependence on foreign companies.

    We have been highlighting the importance of Europe’s strategic autonomy since the very beginning of the digital euro project.[24] The good news is that both the co-legislators and the ECB have been working hard on this issue in recent years.

    This is a public-private common European project, and as co-legislators you are central to making it happen. Now is the moment to make Europe’s strategic autonomy in the critical area of payments a reality.

    For the digital euro to be successful, we need robust and forward-looking legislation. The ECB stands ready to support you with technical input as your deliberations progress, and we will of course continue to update you on the progress we are making.

    In a fast-changing world, let’s show all Europeans that we respond to challenges head-on, protect our currency and guarantee people’s freedom to pay as they choose.

    Thank you for your attention.

    MIL OSI Economics

  • MIL-OSI United Kingdom: Convener thanks those who took part in Highland Visitor Levy Consultation and confirms next steps

    Source: Scotland – Highland Council

    Following the conclusion of the public consultation on the possible introduction of a visitor levy for the Highlands, the Council Convener has thanked everyone who submitted responses and confirmed the next steps to be taken.

    The Council held a series of webinars, community drop-in events, face to face public sessions and business events as part of the consultation process.

    Around 4,000 responses have been received.

    Convener Bill Lobban said: “Firstly I want to thank everyone who has taken part, their feedback is very much appreciated. People feel deeply and this is reflected in the high number of on-line form submissions we have received.

    “The visitor economy is a key industry for the Highlands but to keep the area as a top visitor attraction we need to consider the reality that many services used by visitors and shared with residents are not a statutory duty of the Council to deliver and are under threat from shrinking public budgets. If a visitor levy was introduced, investment from it could benefit local communities and visitors, as many services used by visitors are shared with residents.

    He added: “I know there are very mixed views on the introduction of the visitor levy. Any decisions need to be informed which is why we wanted as many people as possible to have the chance to pass on their views and suggestions as part of our consultation.

    “The council will now take time to fully consider all responses received. There is no fixed timetable at this stage for the findings to be presented to members or considered at committee. The Council will be working with accommodation providers through the Visitor Levy Reference Group to review the proposal and to try and address concerns in the most positive way possible.”

    Although the consultation is over, all the documents associated with the Visitor Levy consultation, including helpful FAQs can be accessed on the Council’s website

    8 Apr 2025

    MIL OSI United Kingdom

  • MIL-OSI Europe: Written question – Unequal development of tourist ports in the EU – Greece failing to make the most of European tools – E-001359/2025

    Source: European Parliament

    Question for written answer  E-001359/2025
    to the Commission
    Rule 144
    Sakis Arnaoutoglou (S&D)

    According to recent data, Greece is lagging behind terms of its development of tourist ports, despite its extensive coastal and island network and high potential for maritime tourism. In particular, it is estimated that Greece will only have 49 marinas in operation by 2030, while France and Italy already have 1 403 and 961 respectively. The fact that Greece is trailing behind in this area means that maritime tourism is not being fully harnessed as a source of sustainable development, especially in island and remote regions.

    Although the establishment of tourist ports is a national competence, the European Union has strategic and financial tools (the Cohesion Fund, the ERDF, InvestEU, the Recovery and Resilience Facility) that can boost such investments, in the context of regional cohesion and a sustainable blue economy.

    In view of the above, can the Commission answer the following:

    • 1.How does it assess the unequal distribution of investment in tourism infrastructure – in particular tourist ports – among the Member States?
    • 2.Are there plans for targeted European support programmes for Member States that are lagging behind structurally in terms of maritime tourism, such as Greece?
    • 3.How does the Commission intend to strengthen the EU’s maritime tourism strategy in order to support the transition to a sustainable development model that boosts island and coastal economies?

    Submitted: 2.4.2025

    Last updated: 8 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Press release – MEPs and Ukrainian parliamentarians discuss shaping a common European future

    Source: European Parliament

    Meeting on Tuesday, leading members of the European Parliament and of the Ukrainian Verkhovna Rada signalled their strong support for Ukraine’s EU accession process.

    At their second meeting, held remotely on Tuesday, European Parliament and Verkhovna Rada parliamentary committee chairs, MEPs and Ukrainian parliamentarians discussed the ongoing cooperation between the two institutions to prepare Ukraine for future EU accession. Committee chairs from both parliaments reaffirmed their strong commitment to Ukraine’s resilience and democracy, and to a common European future. They also took stock of ongoing policy cooperation and pledged to step up their engagement going forward.

    In a video address to those gathered, European Parliament President Roberta Metsola said: “Ukraine’s rightful place is in the European family. Ukraine has proven with significant progress on reforms that they are ready for these accelerated accession talks to move further, and our Parliament’s response is equally clear: our Union must continue to move ahead with even more resolve and action.”

    The speaker of the Verkhovna Rada, Ruslan Stefanchuk, thanked the EU and in particular the European Parliament for its leadership and support to Ukraine ever since Russia launched its full-scale invasion in February 2022. He also pointed to Ukraine’s determined efforts to make progress on its European integration path, adding: “We are fully committed to the reform process”.

    During the meeting, MEPs and their Ukrainian counterparts stressed the significance of the mutually reinforcing relationship between Ukraine and the EU, with many highlighting the importance for Ukraine of continuing to reform its laws and economy as it moves towards EU membership. They also stressed that their shared future rests on defending the values of democracy and rule of law.

    Touching on topics ranging from post-war economic recovery, infrastructure and energy to sanctions, nature restoration and justice, many participants on the Ukrainian side expressed gratitude for the European Parliament’s support for the Verkhovna Rada and called on the EU to continue to stand firmly by Ukraine, stressing that the country’s ultimate goal is to become a full EU member. They asked the European Union to continue to provide assistance, including through the confiscation of frozen Russian assets, and to ensure justice for Russian war crimes. Some MEPs also called for Europe to contribute to credible security guarantees for Ukraine to be able to deter future Russian aggression. Finally, participants on both sides committed to maintain close ties and exchange best practices.

    Background

    Since the first Inter-Committee Meeting, on 12 April 2023, the relevant European Parliament standing committees have held a series of bilateral meetings with their Rada counterparts, ensuring comprehensive sectoral cooperation between the two institutions. The European Parliament has kept up its cross-cutting political and administrative support for the Verkhovna Rada and for Ukraine’s European integration process.

    The EU formally opened accession negotiations with Ukraine at the first Intergovernmental Conference in June 2024. Work is underway to prepare talks in specific areas, based on the negotiating framework, which outlines the underlying procedure and principles.

    You can watch the meeting again here. (08.04.2025)

    MIL OSI Europe News