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Category: Economy

  • MIL-OSI: Bitget Secures El Salvador Digital Asset Service Provider (DASP) License After BSP Approval

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 04, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has obtained the Digital Asset Service Provider (DASP) license from El Salvador’s National Commission of Digital Assets (CNAD), expanding its regulatory framework within the country. This development comes after the earlier acquisition of the Bitcoin Services Provider (BSP) license in 2024. El Salvador is one of the pioneering jurisdictions passing comprehensive legislation supporting the integration of Bitcoin and digital assets into its financial ecosystem and acting as its official currency. It has started to emerge as a hub for global crypto businesses.

    With both the DASP and BSP licenses in place, Bitget gains the ability to offer a broad range of digital asset services within El Salvador. The DASP license covers operations such as spot and derivatives trading, staking, and other yield-based financial products alongside infrastructure that facilitates access to crypto-powered savings and investment solutions. Regulatory clarity in the region enables global platforms to expand under a well-defined legal structure, offering users a higher degree of operational transparency and institutional-grade safeguards.

    “Our focus at Bitget is to enter countries with a regulated framework for crypto and provide our best services as we expand on our global regulatory strategy,” said Hon Ng, Chief Legal Officer at Bitget. “We are thrilled to be able to offer an array of products through this license, and we are honored by the trust of El Salvador’s National Commission of Digital Assets. El Salvador has been ahead of many with its progressive and transparent approach to Bitcoin and digital asset regulation, making it an attractive jurisdiction for good quality Web3 companies aiming to operate responsibly at scale. Bitget will continue to support jurisdictions that offer clear frameworks and support the development of a secure, efficient crypto economy.”

    El Salvador’s regulatory environment has gained attention for attracting global crypto firms. Popular crypto entities have already relocated strategic operations to the country. Bitget’s licensing strategy aligns with this emerging shift and enables the platform to deliver its services without any disruption. This structure allows the platform to meet demand across both retail and institutional markets with greater legal and operational agility.

    The development reflects ongoing trends in jurisdictional competition among nations seeking to attract digital asset innovation. El Salvador’s CNAD has become increasingly active in evaluating and approving service providers, signaling broader regulatory maturity in the region. As firms navigate evolving global standards, Bitget’s licenses provide a bridge for cross-border growth and the ability to offer compliant financial products to its users worldwide.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

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

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

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c3d0313a-2dcc-4a9f-b25c-150a8b077d28

    The MIL Network –

  • MIL-OSI: Virtune AB (Publ) successfully renews its EU Base Prospectus for crypto ETP issuance under EU regulations and publishes 2025 Base Prospectus

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, Sweden, April 4, 2025 – Virtune, a regulated Swedish issuer of crypto Exchange Traded Products (ETPs), is proud to announce that it has renewed its EU Base Prospectus on April 4, 2025.

    Virtune is a regulated Swedish digital asset manager and issuer of crypto exchange traded products headquartered in Stockholm. Virtune’s vision is to become the leading crypto asset manager in the Nordics by taking on an educational role around crypto assets as an asset class, while maintaining a strong focus on transparency and investor protection. Virtune’s ETPs are currently listed on Nasdaq Stockholm, Nasdaq Helsinki, Euronext Amsterdam, Euronext Paris, and Boerse Stuttgart. Through Virtune’s products, both institutional and retail investors can gain exposure to crypto assets as easily as buying a stock.

    Virtune has now earned the trust of approximately 140,000 investors across the Nordic region, with assets under management (AUM) reaching approximately SEK 2.6 billion. As of April 4, Virtune’s product suite includes the following ETPs:

    Virtune Bitcoin ETP
    Virtune Staked Ethereum ETP
    Virtune Staked Solana ETP
    Virtune Staked Polkadot ETP
    Virtune Litecoin ETP
    Virtune XRP ETP
    Virtune Avalanche ETP
    Virtune Chainlink ETP
    Virtune Arbitrum ETP
    Virtune Polygon ETP
    Virtune Staked Cardano ETP
    Virtune Crypto Altcoin Index ETP
    Virtune Crypto Top 10 Index ETP SEK/EUR

    Over the past 12 months, Virtune has also expanded into the Finnish, French, and Dutch markets, with the most recent milestone being the listing of eight ETPs on Nasdaq Helsinki. As the crypto landscape continues to evolve, Virtune adapts by offering a diversified product suite including exposure to a wide range of crypto assets, staking options within decentralized finance, and rule-based investment strategies through index ETPs.

    Virtune has now received approval from the Swedish Financial Supervisory Authority (SFSA – Fi.se) and updated the publication of its 2025 EU Base Prospectus. This enables Virtune to continue its journey of innovation, educating the market and offering seamless access to crypto through 100% physically backed exchange traded products, while further expanding its distribution to institutional investors, financial advisors, and retail clients.

    Christopher Kock, CEO of Virtune:
     “We are very pleased to have finalized the renewal of our EU Base Prospectus, which enables us to continue our growth and expansion journey across Europe. Reaching approximately 140,000 investors and SEK 2.6 billion in assets under management in less than two years is not only a testament to our team’s hard work, but also to the trust that investors place in Virtune and their belief in crypto’s potential as an asset class. It also demonstrates the accelerating adoption of crypto assets across Europe.”

    The updated Base Prospectus is available on Virtune’s website, which highlights the company’s regulatory status by the Swedish FSA, underscoring its mission to offer a regulated investment framework for crypto markets. It is important to note that FSA’s approval does not imply an endorsement of the securities. Investors are advised to consult the Base Prospectus and relevant Final Terms to fully understand the risks before investing.

    For more information on Virtune and its innovative offerings, please visit www.virtune.com.

    Stockholm, April 4, 2025

    Press contact

     Christopher Kock, CEO & Board Member
    Mobile: +46 70 073 45 64
    Email: christopher@virtune.com

    About Virtune AB (Publ):
    Virtune, with its headquarters in Stockholm, is a regulated Swedish digital asset manager and issuer of crypto exchange traded products listed on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders, and a highly skilled team, Virtune empowers global investors to access innovative and sophisticated investment products aligned with the evolving landscape of the global crypto market.

    Crypto investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. The value of securities can rise or fall, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, and terms at www.virtune.com.

    The MIL Network –

  • MIL-OSI United Nations: Secretary-General’s video message at the Central Asia in the Face of Global Climate Challenges; Consolidation for Common Prosperity International Conference

    Source: United Nations secretary general

    Download the video:
    https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+3+April+25/3357789_MSG+SG+COMMON+PROSPERITY+INTL+CONFERENCE+03+APR+25.mp4

    Excellencies.

    Thank you for your invitation.

    I commend President Mirziyoyev for hosting this conference — and for declaring 2025 the year of environmental protection and the green economy. 

    I also applaud the environment of dialogue and cooperation that characterises the region today.

    This approach is reflected in the recent summit between Kyrgyzstan, Tajikistan and Uzbekistan, and their trilateral agreement on the Junction Point of State borders.

    And it is reflected in this International Conference today.

    Excellencies,

    The climate crisis is taking hold around the world. 

    The evidence is all around us – with the hottest days, the hottest months, the hottest years, and the hottest decade on record. 

    We see it clearly in Central Asia with soaring temperatures, glacier retreat, droughts, and worsening dust storms.

    Left unchecked, this crisis will only escalate – pummelling economies, taking lives, devastating livelihoods, and imperilling food and water supplies.

    The tragedy of the Aral Sea also shows how environmental destruction hurts people and communities.

    Cooperation throughout Central Asia is essential.

    And regional action must be complemented by global action.

    New national climate plans – or NDCs – due this year must align with limiting global temperature rise to 1.5 degrees Celsius, as promised.

    And cover all emissions and the whole economy.

    The G20 must lead. 

    This is an opportunity to bring together energy transition strategies and sustainable development priorities with climate action – to attract investment and build prosperity and security.

    I urge all countries to take it.

    And to act to ensure the world makes good on climate finance commitments.

    We need confidence the new $1.3 trillion climate finance goal will be delivered.
     
    We need developed countries to honour the promise of at least $40 billion a year for adaptation, by this year.

    And we must strengthen support for loss and damage to help the most vulnerable countries and people.

    Excellencies,

    Once again, thank you for coming together to forge a path forward – and deliver.

    I wish you a successful conference.

    Thank you.
     

    MIL OSI United Nations News –

  • MIL-OSI Asia-Pac: Annual Report of Telecom Regulatory Authority of India for the year 2023-24

    Source: Government of India

    Posted On: 04 APR 2025 11:52AM by PIB Delhi

    The Annual Report of Telecom Regulatory Authority of India for the year 2023-24 detailing activities of the Authority, certified accounts and the audit report thereupon has been laid on the Table of Lok Sabha on 12th March 2025 and Rajya Sabha on 20th March 2025.

    The Annual Report of TRAI details the policies and programmes, review of General environment in the telecom sector and broadcasting sector, review of working and operation of TRAI, functions of TRAI in respect of matters specified in Section 11 of the Telecom Regulatory Authority of India Act 1997 and its organizational matters including financial performance.

    A copy of the Annual Report of TRAI for the year 2023-24 has been placed on the website of TRAI (www.trai.gov.in) for information of the general public.

    In case of any further clarification, Shri Yatinder Agrohi, Advisor (Administration and IR) TRAI, may be contacted at 011-26769602, email id: advadmn@trai.gov.in.
     

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    Samrat/Allen

    (Release ID: 2118631) Visitor Counter : 107

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Ministry of Labour and Employment Disburses Over 32 Crores as Scholarship to More Than 92,000 Wards of Beedi, Cine and Non-Coal Mine Workers

    Source: Government of India

    Posted On: 04 APR 2025 2:57PM by PIB Delhi

    In a significant achievement, the Ministry of Labour & Employment has disbursed financial assistance for education to all eligible applicants under Labour Welfare Schemes (LWS) meant for wards of Beedi, Cine, and Non-Coal Mine workers. A total of Rs. 32.51 crores has been disbursed to 92,118 wards of Beedi, Cine and Non-coal mine workers who applied for scholarship during the academic year 2024-25.

    The Education component of the Labour Welfare Scheme is implemented through the National Scholarship Portal (NSP) and is administered by Labour Welfare Organisation (LWO) in 18 regions under the administrative control of the Directorate General of Labour Welfare (DGLW), Ministry of Labour and Employment.

    Under the scheme, financial assistance of upto ₹25,000 per student per annum is provided to eligible wards for education in school, college and professional courses. The benefits are disbursed through Direct Benefit Transfer (DBT) using the Aadhaar Payment Bridge (APB) method, ensuring transparency and efficiency.

    This landmark accomplishment reflects the Ministry’s unwavering commitment to timely and efficient service delivery, ensuring that wards of Beedi, Cine and Non-Coal Mine Workers receive financial assistance when they need it most. It was made possible through the relentless efforts and seamless coordination of officials from the Ministry and the 18 Labour Welfare Organisation (LWO) regions, whose dedication to the welfare of workers and their families has enabled the timely support of continuing education for the wards of Beedi, Cine, and Non-Coal Mine workers.

    *****

    Himanshu Pathak

    (Release ID: 2118720) Visitor Counter : 75

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Wagon Production Hits Record 41,929 Units in FY 2024-25, Marking a 11% YoY Growth and a Threefold Surge Over 2004-14 Average

    Source: Government of India

    Wagon Production Hits Record 41,929 Units in FY 2024-25, Marking a 11% YoY Growth and a Threefold Surge Over 2004-14 Average

    Total wagon production in the last three years reaches 1,02,369 units, boosting Railways’ freight capacity

    Freight bottlenecks to reduce significantly, enhancing coal, cement, and steel transport efficiency

    Increased rail freight capacity to cut fuel consumption, lower emissions, and curb logistics costs

    Aligned with India’s economic vision, bolstering industrial growth and trade competitiveness

    Posted On: 04 APR 2025 3:18PM by PIB Delhi

    Indian Railways has achieved a historic milestone in wagon production, reaching an all-time high of 41,929 wagons in FY 2024-25, surpassing the 37,650 wagons produced in FY 2023-24. This marks a remarkable leap from the annual average of 13,262 wagons produced between 2004-2014, showcasing a significant boost in manufacturing capacity and efficiency.

    This growth is expected to reduce freight bottlenecks and enhance Rail cargo movement. The numbers suggest a significant increase in the annual wagon production, highlighting the government’s vision of not only increasing domestic manufacturing but also improving its freight movement that will enhance convenience and also provide a major boost to the Indian economy, empowering India towards its goal of becoming an economic prowess.

    Period

    Production

    2004-2014 (Average)

    13,262

    2014-2024 (Average)

    15,875

    2022-2023

    22,790

    2023-2024

    37,650

    2024-2025

    41,929

    Total production in last three years

    1,02,369

    Economic Boost

    This surge in wagon production is expected to have a profound economic and environmental impact. With more wagons available, transport bottlenecks will be significantly reduced, ensuring faster cargo movement and improved efficiency for industries reliant on bulk transportation, such as coal, cement and steel. By reducing dependence on road freight, this shift will also lower fuel consumption and emissions, contributing to sustainability goals. Additionally, the improved efficiency in freight movement will help curb transportation costs, ultimately benefiting businesses and consumers by mitigating inflationary pressures.

    Strengthening India’s Industrial Sector

    As Indian Railways continues to expand its freight capacity, it is playing a crucial role in strengthening India’s industrial infrastructure and economic resilience. This growth aligns with India’s broader vision of boosting domestic manufacturing and trade competitiveness, reinforcing the country’s path toward becoming a global economic powerhouse.

    ****

    Dharmendra Tewari/Shatrunjay Kumar

    (Release ID: 2118737) Visitor Counter : 19

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Grand Opening of Dharti Aaba TribePreneurs 2025: A New Era for Tribal Startups Begins

    Source: Government of India

    Grand Opening of Dharti Aaba TribePreneurs 2025: A New Era for Tribal Startups Begins

    45+ Tribal Startups Shine at Startup Mahakumbh 2025

    IIT Delhi Boot Camp Empowers Tribal Youth with Design Thinking

    META Hosts Tech Know-How Session for Emerging Tribal Entrepreneurs

    Posted On: 03 APR 2025 11:20PM by PIB Delhi

     

    The Ministry of Tribal Affairs (MoTA) today inaugurated Dharti Aaba TribePreneurs 2025 under Janjatiya Gaurav Varsh at Bharat Mandapam, New Delhi, as a key highlight of Startup Mahakumbh 2025.

    Hon’ble Minister of State for Tribal Affairs, Shri Durga Das Uikey, inaugurated the program in the presence of Shri Vibhu Nayar, Secretary, MoTA, alongside industry leaders, investors, entrepreneurs, and government officials. With over 5000 attendees, the event marked a significant milestone in fostering tribal entrepreneurship, innovation, and self-reliance.

      

    Honoring the Legacy of Bhagwan Birsa Munda

    The Government of India is celebrating the 150th birth anniversary of Bhagwan Birsa Munda under Janjatiya Gaurav Varsh, reinforcing his ideals of self-sufficiency and economic independence. Dharti Aaba TribePreneurs 2025 embodies his vision by creating sustainable opportunities for Scheduled Tribe (ST) entrepreneurs and startups.

     

     

    A Major Push for Tribal Startups

    In alignment with Hon’ble Prime Minister Shri Narendra Modi’s vision of Atma Nirbhar Bharat, the Ministry of Tribal Affairs is strengthening the tribal startup ecosystem as part of its 100-day action plan.

    Key initiatives include:
    ✅ Collaboration with IIM Calcutta, IIT Delhi, IFCI Venture Capital Funds Limited, and industry associations to nurture tribal startups.
    ✅ Launch of a ₹50 crore Venture Capital Fund for Scheduled Tribes (STs) to provide financial support for tribal-led businesses.
    ✅ 45+ tribal startups , some incubated at  IIM Calcutta, IIM Kashipur, and IIT Bhilai showcased at Startup Mahakumbh, with several already securing funding.

     

     

    Key Highlights from Startup Mahakumbh 2025

    💡 Tribal Startup Showcase: ST entrepreneurs exhibited innovative products and solutions.
    💼 Investor Engagements: Startups connected with venture capitalists, angel investors, and industry experts.
    📊 Technical Sessions: Organized by META, focusing on business scalability, digital transformation, and market expansion.
    🤝 Exclusive Networking: Featuring unicorn founders, startup leaders, and investors to facilitate mentorship and funding.

    Boot Camp at IIT Delhi: Cultivating the Next Generation of Tribal Innovators

    To empower young tribal minds, MoTA has initiated a special boot camp at IIT Delhi, offering hands-on learning and mentorship for:
    🎓 100 students from Eklavya Model Residential Schools (EMRS) to gain startup exposure.
    🏆 150 tribal students under scholarship programs to experience India’s thriving startup ecosystem.
    🔬 50 ST students from Unnat Bharat Abhiyan to engage in interactive sessions with investors and entrepreneurs.

    Government’s Commitment to Tribal Entrepreneurship

    Hon’ble Minister of State for Tribal Affairs, Shri Durga Das Uikey, emphasized:“Under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modi, ST-led entrepreneurs are excelling in various sectors. The day is not far when ST startups will achieve unicorn status.”

    Shri Vibhu Nayar, Secretary, MoTA, reaffirmed the Ministry’s support:“We are committed to scaling tribal startups to the next level by facilitating access to venture capital, angel investors, and new markets. From deep tech to organic products and handlooms, ST entrepreneurs are shaping India’s future.”

    A Historic Step Towards Inclusive Growth

    Through Dharti Aaba TribePreneurs 2025, the Government of India is transforming tribal entrepreneurship, paving the way for self-reliant, sustainable, and innovative enterprises. With support from key stakeholders, the initiative is set to redefine the tribal startup landscape and contribute to a more inclusive and resilient economy.

    ******

    RN

    (Release ID: 2118580) Visitor Counter : 35

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SAMOA BUREAU OF STATISTICS IS GETTING READY FOR THE NEXT SAMOA DEMOGRAPHIC AND HEALTH SURVEY-MULTIPLE INDICATOR CLUSTER SURVEY (SDHS-MICS) 2025 SINCE LAST SURVEY IN 2019

    Source:

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    [PRESS RELEASE – 24th March 2025] – The Samoa Bureau of Statistics through its Census, Survey and Demography Division will be hosting an official opening of the Samoa DHS-MICS 2025 main training for enumerators on Monday 24th March, 2025 at the DBS Conference room level 6 at 9:00am.

    The main aim of the training is to assist and equip the enumerators with the necessary skills and knowledge required for the DHS-MICS 2025 data collection activity.

    The training will be officially opened by the Government Statistician (GS) followed by official remarks from the respected partners namely Australian High Commissioner in Samoa, UNICEF Chief Fieldwork Officer in Samoa and UNPFA Assistant Representative in Samoa. Other invited guests are Senior Government Officials and members of the DHS-MICS Steering Committee from the Nuanua O le Alofa (NOLA), Ministry of Health, Ministry of Education and Culture, Ministry of Women, Community and Social Development and Ministry of Finance.

    The Samoa DHS-MICS 2025 will collect information in the areas of population, health and nutrition targeting women and men of 15-49 years of age and children. The overall objective of the DHS-MICS 2025 is to provide data and information that will enhance the monitoring of most of the indicators under the Social Sectors of the economy namely Health, Education, Community, Law and Justice, as well as Water and Sanitation and Environment Sectors. The updated data will guide in the prioritization of most of the social sector programs and activities to be implemented in the next 5 years

    Throughout the duration of the training, resource persons from key sectors will be invited to clarify some of the concepts in the questionnaires to better inform the enumerators before they start the data collection activity.

    The training has been made possible by the support of our development partners namely UNICEF, UNFPA and the Tautua program under the Government of Australia DFAT. The Main fieldwork is scheduled to be started from May 5th -July 5th 2025 and we kindly request the public and communities support when the survey fieldwork starts.

    For more information, please contact Kaisarina Moananu at email kaisarina.moananu@sbs.gov.ws or Victoria Tuivaiti at email victoria.tuivaiti@sbs.gov.ws or phone number 23033.

    Thank you

    SOURCE – Samoa Bureau of Statistics

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    MIL OSI Asia Pacific News –

  • MIL-OSI: SafeCard Reviews [Urgent Update]: Read This Before Buying!

    Source: GlobeNewswire (MIL-OSI)

    WOODHAVEN, N.Y., April 04, 2025 (GLOBE NEWSWIRE) — In 2025, searches for terms like “SafeCard reviews,” “SafeCard consumer reports,” and “best RFID & NFC blockers” are surging as more people seek clarity on SafeCard’s effectiveness, safety, and overall value. With the rise of digital threats, consumers are asking: Is SafeCard worth the investment? Does it truly protect against RFID and NFC skimming? In this detailed SafeCard review, we’ll dive into its features, benefits, and real-world performance to help you decide.

    SafeCard RFID Blocking Card Reviews

    SafeCard: My Experience with This Game-Changing RFID Protector

    I used to carry a wallet stuffed with credit and debit cards, constantly worrying about the risk of RFID skimming and digital theft. That all changed when I discovered SafeCard. This sleek, lightweight RFID-blocking card has transformed how I think about data security, offering effortless protection for my sensitive financial and personal information—all in a stylish package.

    What sets SafeCard apart is its advanced RFID-blocking technology, which effectively prevents unauthorized scanning of contactless cards. To put it to the test, I visited one of the busiest shopping malls, filled with contactless payment terminals. The result? Zero interference. SafeCard delivered on its promise, shielding my data like no other product I’ve tried.

    SafeCard Reviews: Why It’s the Best RFID & NFC Blocker in 2025

    All over Canada, The Uk, Australia, New Zealand and the United States, customers have consistently praised SafeCard for its top-tier RFID protection.

    Its ease of use and affordability is another driving force behind its numerous 4.95 star rating, SafeCard is recognized as one of the most reliable RFID protective device on the market.

    Many SafeCard reviews highlight:
    ✔ Superior RFID & NFC blocking technology
    ✔ Affordable pricing compared to competitors
    ✔ Compact, travel-friendly design
    ✔ Trusted by thousands across the US, UK, Canada & Australia

    SafeCard Consumer Reports: The #1 RFID & NFC Blocker in the US, UK & Canada

    According to numerous sources (online surveys, polls and websites) SafeCard is one of thebest RFID and NFC blockers of 2025 in multiple countries. These include the United States, Canada, UK, Australia and New Zealand.

    After a month of consistent use, I can confidently say I made the right choice with this product. It is proven, reliable and a hassle free way to protect your credit cards, debit cards and ID from Digital theft.

    If you are looking for the best RFID and NFC blocker in 2025? Then read on, SafeCard just might be your best bet.

    What Is SafeCard? (SafeCard Reviews)

    SafeCard is a credit-card shaped device that fits perfectly into your wallet. It is made of a special material that blocks RFID scanners. It is basically a shield for your credit cards in your wallet.

    This innovative technology makes it almost impossible for digital thieves or skimming devices to steal your sensitive information and with the rise of contactless payments and smart cards, this risk has never been higher.

    SafeCard is equipped with advanced RFID and NFC blocking technology. It shields your credit cards, debit cards and ID cards from unauthorized scanners

    Users praise Safe Card for its durability, ease of use and sleek design. Better yet, Safecard doesn’t require batteries, charging or maintenance.

    It is hassle free and reliable and fits right into your daily life.

    Why SafeCard Stands Out (SafeCard Customer Reviews)

    Electronic theft is on the rise in our modern-day technological age, and thieves are resorting to highly advanced methods and devices to rob the unsuspecting public.

    SafeCard is like your 24/7 silent guardian, providing peace of mind while shopping, traveling, or just being out and about.
    The **sleek and slim design** ensures that it does not take up any extra space in your wallet, a convenient choice for any person who cares about security and privacy.

    The majority of SafeCard user reviews call it a very effective product for stopping unauthorized scanning and securing sensitive personal data.

    They love its next-generation look, value, and reliability; it is a must-have for any user who wishes to secure his personal and financial details.

    As more and more digital threats rise, SafeCard has been a trusted protector against identity theft, financial scams, and unauthorized access to data.

    The Growing Need for SafeCard

    Every minute without SafeCard is a gamble.

    Thieves are everywhere, eager and ready to steal financial information from unsuspecting folks. Busy places like malls, subways and airports are notorious for RFID skimmers. Don’t wait until it’s too late, take responsibility for your safely today with SafeCard

    What Are the Features of SafeCard? (SafeCard Reviews)

    SafeCard is an advanced security solution in a sleek modern design, that is exceptionally good at protecting your personal details.

    Filled with innovative features inside, the SafeCard changes how you do your data security from modern digital threats. That said, let’s further review what customers consider special with the SafeCard, according to the SafeCard customer reviews that follow:

    1. Advanced RFID-Blocking Technology
    Equipped with advanced RFID-blocking technology, SafeCard prevents any unauthorized attempts to wirelessly scan your sensitive data. It safeguards credit cards, ID cards, and other RFID-enabled items from the most common skimming techniques used by identity thieves. Whether you’re in a crowded subway or a bustling shopping mall, SafeCard ensures your information remains secure.

    2. Slim and Lightweight Design
    One of the fan-favorite features of safeCard is the fact that it is slim and light weight. It seamlessly integrates into your waller and current card collection, never taking up additional space or making your wallet/purse bulky.

    This make it a perfect product for daily use

    3. Durability and High-Quality Materials
    It is made with the highest grade materials, built to last. Even when used frequently, it can last for years unlike flimsy alternatives.

    Safcard won’t degrade overtime. Its quality assurance is a common theme amongst customers that have purchased Safe card.

    4. Effortless Protection
    SafeCard simplifies security—no batteries, charging, or complicated setup needed. Just place it in your wallet to instantly block RFID signals. With effortless plug-and-play functionality, it provides round-the-clock protection with zero extra effort.

    5. Universal Compatibility
    It works on 99% of all cards. We’re talking ID cards, debit cards, credit cards even a hotel key.
    SafeCard is compatible with most RFID enabled cards and secures all your personal information wherever you go.
    SafeCard has got you covered to keep your data out of harm’s way from any unwanted electronic intrusions.

    CLICK HERE TO BUY YOUR SAFECARD FROM THE OFFICIAL WEBSITE AT A MASSIVE DISCOUNT TODAY

    Why SafeCard’s Features Matter (SafeCard Reviews)

    In an era of ever-evolving digital threats, SafeCard provides a robust solution to safeguard your information.

    By merging cutting-edge technology with a sleek, user-friendly design, it stands out as the ideal choice for anyone looking to enhance their personal security. More than just a protective tool, SafeCard is an essential everyday accessory—just as countless reviews affirm.

    How Does SafeCard Actually Work? (SafeCard Reviews)

    RFID and NFC scanning is a common tactic among criminals who steal personal data from your credit, debit or ID cards.

    SafeCard is designed to provide seamless protection agains these attacks but how exactly does it achieve this, we’re going to explain it here.

    The Science Behind SafeCard Protection

    At the heart of SafeCard’s functionality is advanced RFID-blocking technology. RFID, or Radio Frequency Identification, enables seamless, contactless communication between devices, cards, and scanners. While this makes transactions and data access more convenient, it also leaves your information vulnerable to unauthorized access. With a simple portable RFID scanner, thieves can easily steal your card data without you even realizing it.

    How does SafeCard solve this problem?
    It solves this by creating a protective shield around your cards.
    Safe Card is made with a specialized metal alloy, and this creates a Faraday cage effect that blocks RFID scanners from reading your cards without consent.

    This effectively blocks criminals from accessing your sensitive information, even if they’re standing nearby with a skimming device.

    NFC Protection for Modern Threats
    In addition to RFID protection, SafeCard also blocks NFC (Near Field Communication) signals used in modern payment systems like Apple Pay and Google Wallet. By neutralizing these signals, it provides comprehensive protection against all forms of electronic pickpocketing.

    Ease of Use – Hassle-Free Security
    Users consistently praise SafeCard for its simplicity. With no batteries, setup, or maintenance required, it works instantly—just place it in your wallet or cardholder, and you’re protected. Its slim, lightweight design ensures it won’t take up extra space, making it a practical and convenient addition to your everyday essentials.

    Silent, Reliable Protection
    It works excellently in the background, providing protection 24/7 without any conscious effort on your part.

    Whether you’re traveling, shopping, or commuting, SafeCard protects your data from unauthorized scans and potential theft. Its perfect blend of security and convenience has earned widespread praise and glowing testimonials from users around the world.

    CLICK HERE TO BUY YOUR SAFECARD FROM THE OFFICIAL WEBSITE AT A MASSIVE DISCOUNT TODAY

    Why SafeCard’s Technology Matters (SafeCard Reviews)

    This device is like a silent guardian that keeps your data safe wherever you go.
    With the widespread occurrence of digital theft, the peace of mind safe card will give you is immeasurable.

    Its capability for blocking RFID and NFC signals alike makes it a must-have device for anyone who takes his or her privacy and security seriously

    How to Use SafeCard (SafeCard Consumer reports)

    Using SafeCard to protect your personal details is as easy as ABC.
    You don’t need to be a tech expert or have any extra knowledge to protect yourself form RFID skimming scams.
    In fact, Safecard is so ridiculously simple to use that you might be surprised.

    Here is how it works.
    Step 1 – Place SafeCard in your wallet or Card holder
            Simply insert your SafeCard into your wallet, cardholder or purse. Due to its slim and light weight design, it can easily fit into most wallets and purses.

    Step 2 – Enjoy peace of mind
            That’s basically it, enjoy peace of mind and know your cards are protected from RFID skimming events.
    You see, SafeCard works passively, its basically like a helmet for your cards, so once its in your wallet, it will shield your contact less credit cards.

    CLICK HERE TO BUY YOUR SAFECARD FROM THE OFFICIAL WEBSITE AT A MASSIVE DISCOUNT TODAY

    Why SafeCard’s Ease of Use Stands Out (SafeCard Reviews)

    A standout feature frequently mentioned in SafeCard reviews is its ease of use and reliability. Unlike traditional security solutions that demand installation, battery replacements, or ongoing upkeep, SafeCard delivers instant protection with zero hassle.

    Its modern, compact design and effortless functionality make it a top choice for individuals who prioritize both convenience and security.

    With numerous positive customer testimonials, this device is an essential tool for safeguarding personal information in today’s digital landscape.

    CLICK HERE TO BUY YOUR SAFECARD FROM THE OFFICIAL WEBSITE AT A MASSIVE DISCOUNT TODAY

    Pros (SafeCard Reviews)

    SafeCard has been taking over the internet lately because of the amount of positive reviews it has been able to garner, its boasts a slew of pros which we will discuss below;

    Effective RFID blocking tech – The best option in the market for its price point, SafeCard is affordable and offers top-notch personal protection.

    Affordable Price point – Priced appropriately so it is easily accessible to all, more info on the pricing is further down below.

    Easy to use and Hassle-Free – Very easy and straightforward to use, just insert it in your wallet and you’re good to go.

    Compact and slim design – Its ultra-slim and lightweight design effortlessly slips into your wallet or purse without adding any extra bulk.

    Offers constant protection against identity theft – Safeguards your personal information 24/7, even in busy or high-risk environments.

    Lightweight and portable for daily use – Its portable design makes it easy to carry everywhere you go.

    Cons (SafeCard Reviews)

    Requires Careful handling – Damage to SafeCard can compromise its integrity and reduce its ability to effectively protect you.

    Protection Scope – Effectively shields against RFID and NFC skimming threats but does not safeguard against other online risks like phishing scams.

    Limited Availability – Can only be purchased from its online website.

    Where to Buy the Original SafeCard (SafeCard Reviews)

    You should only purchase SafeCard from their official website, to prevent accidentally purchasing a counterfeit product.
    Avoid purchasing from third party platforms or resellers, counterfeit products do not offer the highest form of protection.

    As an additional bonus we have partnered with the official site and will be able to offer you some discounts there directly, just click on any of the links in this article to take advantage of these discounts.

    SafeCards Pricing: (SafeCards Reviews)

    How much is your peace of mind and how much is your funds security worth to you?

    That is the main question you need to ask yourself before thinking about the price.
    If you have $10,000 in your bank account, would it be out of place to spend $500 protecting it?

    Luckily you don’t have to cough up anywhere close to $500 to protect yourself from RFID skimming.

    The SafeCard comes in packs of 3 and initially cost $102.

    However if you buy through any of our discount links provided throughout this article you will be able to get a pack of 3 for just $45.99!

    That boils down to just $15.33 for one SafeCard.

    Our discount expires soon, so take advantage of it while it lasts.

    CLICK HERE TO BUY YOUR SAFECARD FROM THE OFFICIAL WEBSITE AT A MASSIVE DISCOUNT TODAY

    Each purchase comes with a 30-day money-back guarantee, allowing you to try the SafeCard risk-free. If you’re not fully satisfied within the first month, you can return it for a full refund, making it a no-risk investment for enhancing your security.

    SafeCard Frequently Asked Questions (FAQs) (SafeCard Reviews)

    What is SafeCard used for?
    SafeCard is used to protect your credit cards and debit cards from RFID skimming. It is intended to give you another layer of security and peace of mind when you’re up and about.

    Rfid skimmers are devices that work the same way as contactless point of sale device when you go shopping, meaning you can have your funds stolen from you, all the perpetrator needs to do is stay close enough to you for a few seconds.

    This is more common in busy venues, queues etc, however, having a SafeCard in your wallet acts as a protect shield as this device scrambles Rfid devices when they try to skim information off your card.

    Can I reuse my safecard?
    Absolutely! Simply place the SafeCard in your wallet, and you’re all set. No additional steps are required, and it remains effective for up to five years.

    How does an RFID protector work?
    An RFID protector, such as SafeCard works by creating a passive barrier (due to the special materials it is made from ) that block or scramble the radio waves emitted by RFID tags, preventing unauthorized readers from accessing the information stored on the contactless cards next to it, so for it to work effectively, you just need to place it in your wallet with your other cards.
            
    Are SafeCards difficult to use
    No they are not, all you need to do is have it in your wallet with your other cards and it does its job of shielding them from RFID skimmers

    Can Safecards be used internationally
    Yes, they can be used anywhere in the globe, there is no geographical restrictions.

    How long does SafeCard last?
    5 years

    Are there any subscription fees?
    No there is none

    SafeCard Reviews Consumer Reports

    “While traveling through Rio, I discovered my bank account had been drained by scammers. I was devastated. A fellow traveler recommended SafeCard, and it’s been a lifesaver ever since. No more stolen data, no more stress. Now I can travel with confidence knowing my wallet is secure.”

    Melissa H – I love going to holiday markets, but after watching my friend lose hundreds to a scammer, I knew I needed protection. SafeCard blocks thieves silently, and I haven’t had an issue since. It’s the best purchase I’ve made for my security!”

    Hannah – I’ve had my cards skimmed in airports twice, and it was terrifying. Since using SafeCard, I finally feel safe while traveling. It’s lightweight, discreet, and has stopped several attempted scans already.”

    Conclusion For SafeCard Review

    In today’s day and age, it is so easy to fall victim to cybercriminals, RFID skimming is on the rise at an alarming rate, all a criminal has to do is stay within a few feet of you for up to a minute and they are able to siphon funds off your credit card.

    How easy is that for the criminals, especially when you are in crowded areas like the subway or a mall.

    With SafeCard you can eliminate that risk and rest easy at night knowing your funds are safe.

    Its RFID blocking technology means you can rest easy knowing you won’t ever fall victim to a scam that is rampant in society today.

    However, should you get it?

    Is it a right fit for you?

    If you want to eliminate the possibility of cybertheft through credit card skimming and other kinds of cybertheft then SafeCard is your best bet.

    CLICK HERE TO BUY YOUR SAFECARD FROM THE OFFICIAL WEBSITE AT A MASSIVE DISCOUNT TODAY

    Media Contact:
    Name: David Mark
    Email: support@safecardshield.com
    Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/477cb65e-c680-499e-a698-922248eac853

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6788d20d-7f0d-466b-b191-9a34726c7cfb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/782a655b-d89c-4e67-8fcd-e168a8fc33a4

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b58a86bf-9039-4aac-89e5-0d922801f863

    https://www.globenewswire.com/NewsRoom/AttachmentNg/df1ed7f4-f511-49ef-b1aa-d59b1c1b6069

    The MIL Network –

  • MIL-OSI Europe: Written question – Commission declares the East Shield ‘noteworthy’ but stops short of specific pledges – E-001306/2025

    Source: European Parliament

    Question for written answer  E-001306/2025
    to the Commission
    Rule 144
    Michał Dworczyk (ECR)

    Starting in 2021, hybrid attacks by the Lukashenka regime, weaponising migration, are part of a Moscow-coordinated strategy to destabilise the region. Mateusz Morawiecki’s government repeatedly warned EU partners and institutions that this action bears all the hallmarks of a hybrid war and that the Polish border – also an external EU and NATO border – needs to be adequately protected. Unfortunately, these warnings went unheeded for political reasons, including as a result of the irresponsible actions of the then opposition, which questioned the point of border protection and sparked disputes on the topic. Despite these attacks and the lack of support from Brussels, Morawiecki’s government never shied away from its security responsibilities and took decisive action, such as the building of a physical barrier at the Belarusian border.

    The Commission’s white paper on European defence recognises this doggedness, describing the East Shield as a ‘noteworthy’ exercise. This exercise follows on directly from the policy led by Mateusz Morawiecki’s government. However, unlike other parts of the document in which the Commission explicitly declares its intention to take specific measures or pledges forms of support, here there is no indication whether there are plans for financial or institutional support for the implementation of the project[1].

    • 1.Why does the Commission stop short of pledging specific support for the East Shield in its white paper?
    • 2.Are related consultations or analyses currently under way?
    • 3.Does the Commission intend to provide financial support for the project? If so, how much, from which funds, and in which mode?

    Submitted: 28.3.2025

    • [1] All the Commission does is make a banal comment about the need to protect the EU’s land, air and sea borders, stating: ‘The project for an Eastern Border Shield is a noteworthy exercise by a number of Member States to confront the growing challenges in that region. It would establish an integrated land border management system that is designed to strengthen the EU’s external land border with Russia and Belarus against military and hybrid threats. That would include a comprehensive mix of physical barriers, infrastructure development and modern surveillance systems.’ https://defence-industry-space.ec.europa.eu/document/download/30b50d2c-49aa-4250-9ca6-27a0347cf009_en?filename=White%20Paper.pdf. p. 9.
    Last updated: 4 April 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Spain: EIB and Aragón regional government sign €234 million loan financing projects to back the green and digital transition, small businesses, innovation, jobs and rural development

    Source: European Investment Bank

    • The Aragón regional government will use this loan to co-finance investments under European regional development funds.
    • The investments will go to various projects to offer more public services, promote the dual green and digital transition, innovation, business competitiveness, employability and economic development in rural areas affected by depopulation.
    • The loan will make it possible to finance specific projects for the province of Teruel with a focus on the energy transition and environmental sustainability, entrepreneurship, social infrastructure and more.
    • The agreement will make a significant contribution to climate action and economic, social and territorial cohesion, two of the EIB Group’s strategic priorities.

    The European Investment Bank (EIB) has signed a €234 million loan with the government of the Spanish region of Aragón to co-finance investments promoting the dual green and digital transition, boosting the competitiveness of local industry, helping to provide better public services and supporting economic development in rural areas at risk of depopulation. This is the first tranche of a loan totalling €260 million approved by the EIB.

    The loan will co-finance diverse projects including transferring knowledge in advanced technologies to businesses in Aragón; the One Health Teruel health biotechnology project; the reuse of local waste and decontamination of land affected by lindane use; improved energy efficiency in public healthcare and educational buildings in Aragón; and local social employment and active inclusion initiatives.

    The finance contract falls under the EU regional development and cohesion funds operational programme for 2021-2027 and will channel financing from the European Regional Development Fund (ERDF), the European Social Fund Plus (ESF+) and the Just Transition Fund.

    The EU Just Transition Fund aims to support regions facing serious socioeconomic challenges in transitioning to climate neutrality. Here, its financing will focus on the province of Teruel, funding projects in green industrial transformation, sustainable mobility, the circular economy, energy efficiency, renewable energy (including self-consumption, energy storage and green hydrogen), support for small and medium-sized enterprises (SMEs) and entrepreneurs, research, development and innovation (RDI), digitalisation, environmental restoration and conservation, sustainable tourism and social infrastructure, among other things.

    This agreement highlights the commitment of the European Investment Bank Group (EIB Group) to climate action and economic, social and territorial cohesion, two of the eight core priorities outlined in the Group’s Strategic Roadmap for 2024-2027.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News –

  • MIL-OSI Europe: Sweden: EIB finances ground-breaking carbon capture plant in Stockholm

    Source: European Investment Bank

    • Project to capture CO2 volumes corresponding to more than the emissions of all of Stockholm’s road traffic in one year
    • This is EIB’s first carbon capture financing operation and part of climate strategy
    • Investment contributes to Sweden’s goal of net zero emissions by 2045

    The European Investment Bank (EIB) has granted a loan of €260 million to Stockholm Exergi for the construction of Sweden’s first large-scale bioenergy plant with carbon capture and storage (BECCS).

    Beccs Stockholm, which will begin construction at Värtaverket, is expected to be fully operational in 2028 and is projected to capture up to 800,000 tonnes of carbon dioxide per year. The captured carbon dioxide corresponds to more than the total emissions from Stockholm’s road traffic during a year. The technology is based on the separation, liquefaction and permanent storage of biogenic carbon dioxide from the combustion of biofuels – resulting in so-called negative emissions.

    After capture, the carbon dioxide will be temporarily stored and then shipped to Norway where it will be permanently stored in the bedrock under the North Sea. This is done in collaboration with the Northern Lights project, a joint venture between Equinor, Shell and TotalEnergies.

    This is the first CCS project to be financed by the EIB and an important contribution to achieving the world’s climate goals and establishing negative emissions as a new global industry. There is currently a consensus that global warming cannot be limited to 1.5 or below 2 degrees Celsius without negative emissions. The technology also contributes to improved air quality in urban environments and strengthens Europe’s leadership in the climate transition.

    “With this initiative, Sweden shows that it is possible to combine technological leadership with concrete climate benefits, said EIB vice-president Thomas Östros. “By supporting Beccs Stockholm, we are taking an important step to enable negative emissions in Europe and globally. It is an example of how the EIB’s climate mission is being implemented in practice.”

    Stockholm Exergi has also signed extensive agreements for future deliveries of negative emissions in the voluntary carbon market, including a record-breaking commitment from Microsoft – the largest single agreement of its kind to date globally.

    “We have a very constructive and trusting dialogue with the EIB, and I look forward to continuing our cooperation,” said Stockholm Exergi chief executive officer Anders Egelrud. “Their support enables the construction of one of the world’s largest facilities for the capture and permanent storage of biogenic carbon dioxide. Together, we are laying the foundation for a new, green and competitive Nordic industry – an industry that will play a crucial role in achieving the long-term climate goals.”

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    Bio-CCS och Beccs Stockholm

    Bio-CCS is a technology that captures biogenic carbon dioxide before it reaches the atmosphere and is then permanently stored in the bedrock, which creates negative emissions because the carbon dioxide is separated from the biogenic cycle. Permanent negative emissions are the tool that can be used to counteract emissions that are not possible or will be very difficult to avoid. It is a necessary piece of the puzzle to achieve the climate goals and net-zero emissions. 

    Stockholm Exergi’s facility, Beccs Stockholm, will be built in the Energy Port in Värtan.  Värtaverket already produces sustainable heat and electricity from residual products from the forestry and sawmill industry, such as wood chips, branches and tops. By now adding capture and storage of the biogenic carbon dioxide, we create even more climate benefits.

    Beccs Stockholm is made possible through a combination of support from the EU Innovation Fund, state aid and private purchases of certificates for negative emissions from companies with high climate ambitions.

    Stockholm Exergi

    Stockholm Exergi is the energy company of Stockholmers and with resource-efficient solutions, we secure the growing Stockholm region’s access to heating, electricity, cooling and waste services. We heat over 800,000 Stockholmers and our 300-mile long district heating network is the hub for the societal benefits that we create together with our customers and partners. Through Beccs Stockholm, we are pushing for negative emissions to become a reality. We are owned by the City of Stockholm and Ankhiale, a consortium of leading European pension funds (APG, PGGM, Alecta, Keva and AXA IM Alts), and have over 800 employees who work every day to reduce Stockholmers’ climate impact.

    MIL OSI Europe News –

  • MIL-OSI Russia: Representatives of the Tariff Committee of St. Petersburg visited IPMET

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    Representatives of the St. Petersburg Tariff Committee visited the Institute of Industrial Management, Economics and Trade.

    During the visit, a working meeting with the institute’s management took place. It was attended by the director of IPMEiT Vladimir Shchepinin, director of the Higher School of Engineering and Economics Dmitry Rodionov, acting director of the Higher School of Public Administration Olga Nadezhina and deputy director of IPMEiT for educational and organizational work Maxim Ivanov.

    The meeting participants discussed promising areas of cooperation, including the possibility of developing a joint educational program on tariff regulation, forming topics for final qualifying works and student projects on the committee’s core topics, holding regular expert lectures, student internships in the committee, and implementing additional educational programs.

    This is not just a meeting, this is the start of a large joint work. We highly value cooperation with the Committee on Tariffs of St. Petersburg. I am sure that the implementation of joint educational initiatives will make a significant contribution to the training of professional personnel, – noted the Director of IPMEiT Vladimir Shchepinin.

    After the meeting, the committee experts gave a lecture as part of the educational track “Tariffs: what, why and for what?” of the student association “Public Administration Laboratory”. The speakers covered key aspects of tariff policy. Chairman of the St. Petersburg Tariff Committee Alexey Malukhin spoke about the main areas of work, while Deputy Chairman Elena Zolina explained the principles of tariff formation in the electric power industry. Head of the Tariff Regulation Department Alexander Kolbas analyzed the formation of tariffs in the housing and communal services sector using the example of the service for handling solid municipal waste. Head of the Consumer Market Department Yana Khazova presented the mechanisms of tariff formation in the public transport sector, as well as the methodology for forming fees for housing services.

    Then the chairman of the committee was accepted as an honorary resident of the student association “Laboratory of Public Administration” for his contribution to the development of practice-oriented training in the field of public administration and the creation of conditions for effective dialogue between the university and government bodies.

    “Interaction between the St. Petersburg Tariff Committee and the city’s leading universities is one of the priority areas of work. Such cooperation contributes to the implementation of common tasks in training professional personnel,” said Alexey Malukhin. “We are pleased to have the opportunity to meet with students of Peter the Great St. Petersburg Polytechnic University. We were able to not only talk about the work of the St. Petersburg Tariff Authority, but also establish a dialogue with the guys. It is nice that young people are interested in new knowledge and were involved in joint work. The St. Petersburg Tariff Committee is interested in increasing intellectual resources, and we hope that interaction with Peter the Great St. Petersburg Polytechnic University will bear fruit in this area.”

    The Polytechnic University has established cooperation with the St. Petersburg Tariff Committee, and this is great, I know guys who have completed or are planning to complete their internship there. I am glad that cooperation will continue to develop in the future, – shared 3rd year student in the direction of “State and Municipal Administration” Maxim Konoplev.

    Participants of the educational track were invited to an excursion organized by the committee to the North-West Thermal Power Plant named after A. G. Boris – one of the most modern stations in Russia for the production of electric and thermal energy. The guys will also have to defend a practical assignment on the topics of the committee.

    IPMET and the St. Petersburg Tariff Committee are interested in further cooperation, which will open up new opportunities for training specialists in the field of public administration and economics.

    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-Evening Report: No, that’s not what a trade deficit means – and that’s not how you calculate other nations’ tariffs

    Source: The Conversation (Au and NZ) – By Peter Draper, Professor, and Executive Director: Institute for International Trade, and Jean Monnet Chair of Trade and Environment, University of Adelaide

    On April 2, United States President Donald Trump unveiled a sweeping new “reciprocal tariff” regime he says will level the playing field in global trade – by treating other countries the way (he claims) they treat the US.

    First, Trump’s plan will impose a “baseline” 10% tariff on virtually all goods imported into the US, effective April 5. Then, from April 9, 57 countries will face higher “reciprocal tariffs”.

    These vary by country, according to a formula based on individual trade deficits.

    On face value, the new tariff regime might sound like a simple solution for fairness. If a particular country was taxing American imports with a 50% tariff, it might seem fair for the US to tax their imports at 50% as well.

    But appearances are deceiving.

    These new “reciprocal” tariffs ostensibly aim to eliminate the US trade deficit by making imports more expensive so that Americans buy less from abroad until imports equal exports.

    But the Trump administration hasn’t directly matched specific foreign tariffs. Instead, they’ve opted for a crude formula based on bilateral trade deficits between the US and each specific country. Those aren’t the same things.



    Read more:
    New modelling reveals full impact of Trump’s ‘Liberation Day’ tariffs – with the US hit hardest

    Trade deficits aren’t tariffs

    A country has a trade deficit when the total value of everything it imports from somewhere else exceeds the value of what it exports there. A trade surplus is the opposite.

    Trade deficits and surpluses – the balance of trade – can be calculated between specific countries, but also between one country and the rest of the world.

    Tariffs are different things altogether – taxes a country charges on imports when they cross the border, paid by the importer.



    Read more:
    What are tariffs?

    Trump’s new reciprocal tariffs have been calculated by taking the US trade deficit with each country, dividing it by total US imports from that country, then halving the resulting ratio and converting it into a percentage.

    For example, in 2024, the US imported approximately US$605.8 billion from the European Union, but exported only $370.2 billion, resulting in a trade deficit of $235.6 billion.

    Dividing the deficit by total imports from the EU gives a ratio of 39%. The White House interpreted this figure as the EU’s trade “advantage” and subsequently imposed a “discounted” 20% tariff on EU products – roughly half of 39%.

    This same calculation led to a 34% tariff on China, 26% on India, 24% on Japan and 25% on South Korea. More export-dependent developing countries, including many in Southeast Asia, face some eye-wateringly high reciprocal tariffs.

    Trade experts swiftly criticised the methodology behind the tariffs. James Surowiecki, a financial journalist, labelled it “extraordinary nonsense”.

    While the use of economic formulas in the corresponding US Trade Representative document might give it an appearance of being grounded in economic theory, it is detached from the rigours of trade economics.

    The formula assumes every trade deficit is a result of other countries’ unfair trade practices, but that is simply not the case. To see why, we need to understand why Trump’s obsession with trade deficits is wrong.

    A government isn’t a household

    Why does Trump detest trade deficits? He appears to think of the national balance of trade like a business or household’s finances.

    Under Trump’s logic, if more money is leaving the “account” than coming in, that’s bad business. A $200 million trade deficit would mean the US is “losing” – with money and jobs being siphoned away.

    Trump argues other countries have been taking advantage of America by running up big trade surpluses and “hollowing out” US industry. He has long argued that America’s massive deficits indicate unfair trade deals, foreign protectionism, and even a threat to national security.

    Few economists share Trump’s view

    The trade gap is not money simply being drained overseas by allegedly rapacious foreigners. Rather, it represents the exchange of value.

    American consumer behaviour is a significant driver of the US trade deficit. As a consumption powerhouse, the United States sees its residents and businesses spending vast sums on imported products ranging from iPhones and TVs to clothing and toys.

    Many of these are actually produced by US companies but made overseas. Moreover, those US companies licence foreign factories to produce these goods, and the intellectual property revenues earned make up a huge US surplus in services trade.

    But services trade does not feature in the formula. This shows the singular obsession with tangible things, or goods trade. Yet in most supply chains it is the services components that yield the most value.

    Back on the goods side, when the US economy is robust and people have disposable income, imports naturally increase. Ultimately, while trade deficits indicate economic dynamics, they are not inherently negative nor do they signify economic weakness.

    Rather, they often reflect a nation’s economic structure and consumer preference for diverse global products. After all, Australia has run trade deficits for decades, including with the US, and is one of the wealthiest countries in the world.

    The uninhabited Heard and McDonald Islands, home to a large population of penguins, were hit with tariffs in this week’s announcement.
    VW Pics/Getty

    The real reason for the deficit

    The formula used to calculate the reciprocal tariffs is highly misleading. Responsible policy makers would take account of many other factors in their calculations.

    Among other variables, the US Trade Representative formula fails to consider strong US consumer demand for imports. It also overlooks the US government’s gigantic fiscal deficit. This requires it to borrow money from overseas, pushing up the value of the US dollar. This strong dollar supports US purchases of imports.

    In other words, the US runs large trade deficits not primarily because other nations have high trade barriers but largely because Americans need to fund their debts and want to buy lots of imported goods. The misleading formula places the blame entirely on an ill-conceived notion, and we are all going to pay the price.

    Peter Draper receives funding from the European External Action Service and Australian Department of Foreign Affairs and Trade, for project-specific work connected to trade policies. He is affiliated with the Australian Services Roundtable (Board Member); the International Chamber of Commerce (Research Foundation Director); European Centre for International Political Economy (non-resident Fellow); German Institute for Development and Sustainability (non-resident Research Fellow); and Friends of Multilateralism Group (member).

    Vutha Hing receives funding from Economic Research Institute for ASEAN and East Asia. He is affiliated with Trade Policy Advisory Board, Royal Government of Cambodia.

    – ref. No, that’s not what a trade deficit means – and that’s not how you calculate other nations’ tariffs – https://theconversation.com/no-thats-not-what-a-trade-deficit-means-and-thats-not-how-you-calculate-other-nations-tariffs-253830

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Europe: Answer to a written question – ETS2 – P-000650/2025(ASW)

    Source: European Parliament

    The Commission and the Member States are working towards the timely implementation of the new Emissions Trading System for buildings, road transport and additional sectors (ETS2), which was adopted by the European Parliament and the Council in 2023. This includes regular technical level discussions and exchanges at the political level with all Member States, including Poland.

    Several safeguards are already in place to allow for a smooth start of ETS2, including a safeguard to delay the start of the system from 2027 to 2028 in case energy prices are exceptionally high in the first half of 2026.

    In addition, several triggers would release additional ETS2 allowances from the Market Stability Reserve in case of sharp prices increase or imbalances in the supply of ETS2 allowances.

    Furthermore, the total number of allowances auctioned in the first year of the system will be 30% higher than the ETS2 cap, to ensure a smooth start of the system.

    Finally, by taking early action, Member States can help keep ETS2 prices in check. Member States can finance such measures from the revenues ETS2 will raise.

    Part of the revenues will fund the new Social Climate Fund (SCF) in order to protect vulnerable groups and alleviate the ETS2’s impacts. Poland is the biggest beneficiary of the SCF.

    Last updated: 4 April 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Public transport price hike in Bologna and EU climate targets – E-000750/2025(ASW)

    Source: European Parliament

    Specific features of local public transport systems, such as pricing or routes, are regulated at national, regional or local level.

    To ensure that urban public transport across the EU is aligned with, and supportive of EU objectives for sustainable and smart mobility, the Commission has developed a policy framework for urban mobility[1], recognising public transport as backbone for sustainable urban mobility, together with active modes (cycling and walking) as well as shared mobility services.

    One of the tools to ensure that local policies are aligned with EU objectives is the new provision of the revised trans-European transport network Regulation[2], which requires 431 urban nodes to have a sustainable urban mobility plan by 2027.

    Bologna is a mission city under the EU Climate-neutral and Smart Cities Mission[3]. It was awarded the Mission Label in 2024 after a positive review of its Climate City Contract.

    Bologna’s strategy and action portfolio to decarbonise the transport sector tackles all the sources of emissions concerning transport and mobility present in the city, with particular emphasis on the creation of an enabling environment to reduce private car usage, offering alternative modes of transport, including a comprehensive revision of tariffs for tickets and passes for different categories of users.

    Promoting sustainable multimodal urban mobility as part of the transition to a carbon-neutral economy is also one of the Policy Objectives of the 2021-2027 European Regional Development Fund (ERDF) financial allocation to the region.

    Through a total of EUR 40 million, the programme will promote measures consistent with the EU’s climate targets with a focus on soft mobility, in particular pedestrian and bicycle mobility.

    • [1] https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12916-Sustainable-transport-new-urban-mobility-framework_en
    • [2] https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:52021PC0812
    • [3] https://research-and-innovation.ec.europa.eu/funding/funding-opportunities/funding-programmes-and-open-calls/horizon-europe/eu-missions-horizon-europe/climate-neutral-and-smart-cities_en

    MIL OSI Europe News –

  • MIL-OSI: XploraDEX Delivers Smart Trading Infrastructure The XRP Blockchain Has Been Missing – Join $XPL Pre-Sale

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, April 04, 2025 (GLOBE NEWSWIRE) — The XRP Ledger has long been celebrated for its speed and cost-efficiency, but despite its potential, XRP has lacked one critical piece: intelligent, adaptive DeFi infrastructure. That gap is now being filled, XploraDEX is here, and it’s not just another decentralized exchange. It’s a full-blown AI-powered trading protocol, designed to bring precision, automation, and strategy to the XRP ecosystem.

    PARTICIPATE IN XPLORADEX PRESALE

    The platform’s native token, $XPL, is now on Presale Round and with over 60% of the soft cap already sold, investors are rushing to secure allocations before the next pricing tier is triggered.

    XploraDEX combines the ultra-fast performance of XRPL with cutting-edge artificial intelligence. It offers real-time predictive analytics, algorithmic trading automation, and self-adjusting liquidity logic—all built to give both retail and professional traders the edge they’ve been waiting for. This isn’t just about swapping tokens; it’s about trading smarter, not harder.

    XploraDEX Trading Architecture

    The AI engine at the heart of XploraDEX is built to adapt. It continuously scans on-chain and off-chain signals, tracking volatility, sentiment shifts, and market momentum to help users execute better trades. Whether you’re a novice or a whale, the protocol offers intelligent strategy generation based on your unique behavior, portfolio preferences, and risk tolerance.

    XploraDEX $XPL Token

    $XPL is the power key to this infrastructure. Holding the token gives users direct access to premium AI tools, advanced trading insights, fee reductions, and staking rewards. As the protocol matures, $XPL holders will also gain voting rights in the XploraDEX DAO—allowing the community to shape future upgrades, trading modules, and partnership integrations.

    BUY $XPL ON PRESALE

    In just the first week of the $XPL Presale, demand has outpaced projections. Whale wallets and retail investors alike are participating, with many calling XploraDEX the “first true DeFi innovation on XRPL.” The remaining allocation is limited, and once the current round closes, pricing will increase.

    As global attention continues to shift toward real-world AI applications, platforms like XploraDEX are uniquely positioned to capture interest—not just from the XRP community, but from traders and institutions looking for intelligent yield in a crowded market.

    JOIN $XPL PRESALE NOW

    In Conclusion

    If you’ve been waiting for the moment where XRPL finally breaks into the intelligent DeFi conversation, this is it. XploraDEX isn’t just building a platform—it’s delivering a foundation that the XRP Ledger has been missing. The smart money is already moving.

    Secure Your $XPL Token on Presale Today: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

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

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ca0af8d9-7a36-422a-8d67-d18d8ad48c6f

    The MIL Network –

  • MIL-OSI Europe: Households and non-financial corporations in the euro area: fourth quarter of 2024

    Source: European Central Bank

    4 April 2025

    • Households’ financial investment increased at broadly unchanged annual rate of 2.4% in fourth quarter of 2024
    • Non-financial corporations’ financing increased at annual rate of 0.9%, compared with 1.1% in previous quarter
    • Non-financial corporations’ gross operating surplus decreased at unchanged annual rate of ‑1.4%

    Chart 1

    Household financing and financial and non-financial investment

    (annual growth rates)

    Sources: ECB and Eurostat.

    Data for household financing and financial and non-financial investment

    Chart 2

    NFC gross-operating surplus, non-financial investment and financing

    (annual growth rates)

    Source: ECB and Eurostat.

    Data for NFC gross-operating surplus, non-financial investment and financing

    Households

    Household gross disposable income increased in the fourth quarter of 2024 at a broadly unchanged rate of 4.4%. The compensation of employees grew at a lower rate of 4.9% (after 5.5% in the previous quarter), and gross operating surplus and mixed income of the self-employed increased at a lower rate of 2.9% (after 3.6%). Household consumption expenditure increased at a higher rate of 3.6% (after 3.2%).

    The household gross saving rate increased to 15.4% in the fourth quarter of 2024, compared with 15.2% in the previous quarter.

    Household gross non-financial investment (which refers mainly to housing) decreased at a more negative annual rate (-1.5%) in the fourth quarter of 2024 (after -0.9%). Loans to households, the main component of household financing, grew at a higher rate of 1.2% (after 0.9%).

    Household financial investment increased at a broadly unchanged annual rate of 2.4% in the fourth quarter of 2024. Currency and deposits grew at a higher rate of 2.8% (after 2.5%), while investment in debt securities increased at a lower rate of 9.0% (after 15.9%). Investment in shares and other equity grew at a higher rate of 2.0% (after 1.1%) due to accelerating investments in investment fund shares (7.7% after 5.4%). Investment in life insurance grew at a higher rate of 1.1% (after 0.8%) and in pension schemes at a lower rate of 2.1% (after 2.3%).

    Household net worth increased at an annual rate of 4.4% in the fourth quarter of 2024, after 5.7% in the previous quarter. Net financial and non-financial assets grew due to valuation gains in addition to investments. Housing wealth, the main component of non-financial assets grew at a higher rate of 3.4% (after 2.8%). The household debt-to-income ratio decreased, to 81.9% in the fourth quarter of 2024 from 85.0% in the fourth quarter of 2023.

    Non-financial corporations

    Net value added by NFCs increased at a broadly unchanged annual rate of 2.5% in the fourth quarter of 2024. Gross operating surplus decreased at an unchanged rate of -1.4%, while net property income – defined in this context as property income receivable minus interest and rent payable – increased. As a result gross entrepreneurial income (broadly equivalent to cash flow) increased at a rate of 0.8% (after -1.4%).[1]

    NFCs’ gross non-financial investment increased at lower annual rate of 1.0% in the fourth quarter of 2024 (after 2.8%)[2]. Financial investment grew at lower annual rate of 1.8% (after 2.2%). Among its components, loans granted increased at a lower rate of 2.5% (after 3.3%), and investment in shares and other equity grew at a lower rate of 1.0% (after 1.3%).

    Financing of NFCs increased at a lower rate of 0.9% in the fourth quarter of 2024 (after 1.1%). Loan financing (1.2% after 1.4%)[3] and financing via shares and other equity (0.4% after 0.6%) grew at lower rates. Financing via debt securities increased at a broadly unchanged rate of 2.4%, while financing via trade credits accelerated (3.5% after 3.1%).

    The NFC debt-to-GDP ratio (consolidated measure) decreased to 67.3% in the fourth quarter of 2024, from 68.8% in the same quarter of the previous year; the non-consolidated, wider debt measure decreased to 138.7% from 140.7%.

    For queries, please use the Statistical Information Request form.

    Notes

    • This statistical release incorporates revisions to the data since the first quarter of 2021.
    • The annual growth rate of non-financial transactions and of outstanding assets and liabilities (stocks) is calculated as the percentage change between the value for a given quarter and that value recorded four quarters earlier. The annual growth rates used for financial transactions refer to the total value of transactions during the year in relation to the outstanding stock a year before.
    • The euro area and national financial accounts data of non-financial corporations and households are available in an interactive dashboard.
    • Hyperlinks in the main body of the statistical release are dynamic. The data they lead to may therefore change with subsequent data releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
    • The ECB publishes experimental Distributional Wealth Accounts (DWA), which provide additional breakdowns for the household sector. The release of results for 2024 Q4 is planned for 30 May 2025 (tentative date).

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: More money and more land needed for London community land trusts and housing co-operatives

    Source: Mayor of London

    London’s community land trusts and housing cooperatives need more financial support and help accessing land, a London Assembly Housing Committee report has found.

    The report – Building Community Power: Expanding Cooperative Housing & Community Land Trusts in London – sets out how community land trusts1 and housing cooperatives2 offer real opportunities to help address London’s housing crisis in ways that can complement more mainstream forms of housing, delivering homes that are affordable and tailored for the needs of local communities.

    But the Committee’s investigation also uncovered challenges including uncertainty over the renewal of the Mayor of London’s Community Housing Fund, the high cost of land in London, and evidence that the barriers to building homes for Black and Global Majority Londoners, and working-class Londoners, can be even harder to overcome in the CLT and co-operative housing sector.

    Key recommendations include:

    • In the Government’s upcoming spending review, the Ministry of Housing, Communities and Local Government (MHCLG) should engage with the GLA to identify new funds for housing cooperatives and community land trusts to deliver housing schemes in London.
    • The Mayor should identify and provide additional revenue funding to the London Community Led-Housing Hub to enable the Hub to continue to provide support to housing cooperatives and community land trusts.
    • The Mayor should direct the further release of Greater London Authority (GLA) Group land for community land trusts and housing cooperatives through the Mayor’s Small Sites Small Builders programme.
    • Through the London Community-Led Housing Hub, the GLA’s Housing and Land directorate should work with partners to develop a strategy by the end of 2025-26 to increase the number of community land trusts and housing cooperatives run by and for groups underrepresented in the sector, such as Black and Global Majority Londoners.

    Chair of the London Assembly Housing Committee, Sem Moema AM, said:

    “London has a housing crisis, and this Committee has consistently pushed for increased investment to deliver the affordable homes that Londoners deserve.

    “While there is no one answer to fixing this crisis, it is important that communities who want to provide their own solutions through community-led housing projects are supported to do so.

    “With additional funding, increased support and advice through the London Community-Led Housing Hub, and the release of more GLA land, many more Londoners could benefit from these projects.

    “In particular, community land trusts and housing co-operatives can put real power into the hands of Londoners to deliver the type of homes and spaces they need – while playing their part in reducing London’s housing shortfall.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Investing millions in safety and infrastructure on our roads for the year ahead

    Source: Scotland – City of Edinburgh

    Councillors have agreed to take forward an ambitious suite of infrastructure and road safety works in the coming year, worth over £30m.

    The Roads and Infrastructure Investment – Capital Delivery Priorities for 2025/26 spreads the capital budget of £25.686m across six different work streams.

    Carriageways and footways will receive £18.161m and focus on repairing roads and pavements. Street lighting and traffic signals have £1.220m, which will be used to maintain and improve this network. Road structures take £1.545m and focusses on our road bridges, foot bridges, underpasses, tunnels and gantries. Our road operations will get £2.460m and encompasses drainage repairs, bus stop maintenance and surface enhancement. Other asset management and miscellaneous spending amounts to £2.3m.

    The additional £12.5m of funding agreed in February’s budget has been integrated into the programme to improve paths, pavements and road conditions. An extra £12.5m of funding was also agreed last year, with a record 460,000m2 of carriageways and 52,000m2 of footways receiving treatment in that period. The Council’s Road Condition Indicator (RCI), which signifies the percentage of roads that should be considered for investment, also saw a significant improvement in 2024/25.

    We’ll look to build on these results in the coming year by undertaking a combination of carriageway strengthening, carriageway resurfacing, carriageway surface treatment, footway asphalt, footway flags and footway slurry sealing.

    The report also outlines our Street Lighting Programme and looks further ahead to our Setted Street Priorities in the next six financial years with Frederick Street, Victoria Street and the Shore all featuring for refurbishment.

    Our Road Safety Delivery Plan 2025/26 allocates over £6m across the service. As part of this, the Road Safety team will address concerns around the Dalmahoy Junction and prioritise infrastructure improvements for safe school travel, including additional pedestrian crossings.

    There will also be provision for Accident Investigation and Prevention (AIP), speed reduction measures and new 30mph and 20mph speed limit reductions over this and the forthcoming year. A full breakdown can be found in Appendix 2 of the report. Road safety progress will be reported to Committee in October, following elected member workshops to drive forward existing priority projects.

    These allocations are driven by our main priorities in the year ahead to promote road safety, study road accidents, review our vacant school crossing sites, take preventative measures and offer information, advice and practical training to road users.

    Transport and Environment Convener, Councillor Stephen Jenkinson said:

    I’m really pleased that these two ambitious and wide-reaching reports have been agreed.

    Our residents have made it abundantly clear that they want and expect continued investment in our roads network. Road safety also goes hand in hand with road condition and investment, with roads that are better maintained equalling safer roads for our children and young people. This is what I’m committed to delivering.

    From carriageway strengthening in Corstorphine and surface treatment in Seafield, to street lighting in Leith and road safety education in Ratho, we’re focussed on fulfilling our commitments and getting to work for the people of Edinburgh.

    A list of definitions for treatment specifications mentioned above in the Roads and Infrastructure Investment – Capital Delivery Priorities for 2025/26 report are below.

    Carriageway Strengthening: A substantial treatment with a minimum depth of 100mm. This includes removal of the surfacing and base course of the carriageway. Deeper excavations may be required depending on existing condition. Deeper excavations are required a bus stops.

    Carriageway Resurfacing: This treatment removes the surface course only. The depth of treatment is generally 40-50mm.

    Carriageway Surface Treatment: A preventative maintenance treatment. A thin treatment that is designed to slow deterioration of the carriageway. It is used primarily on carriageways that are starting to deteriorate. CEC uses two surface treatments: Surface Dressing and Micro Asphalt.

    Footway Asphalt: Break out of the existing asphalt footway. Depth will be dependent on existing condition. Kerbs are generally lifted and re-set as part of this treatment.

    Footway Flags: Break out of the existing footway with flags (slabs) being installed. Generally, pre-cast concrete flags are used, however, the following material is specified in the World Heritage Site: Old Town: Caithness Stone Flags New Town: Yorkstone Flags

    Footway Surface Treatment: A preventative maintenance treatment. A thin treatment that is designed to slow deterioration of the footway.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Government calls ‘last orders’ on red tape choking pubs, clubs, and restaurants in major boost to the British night out

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Government calls ‘last orders’ on red tape choking pubs, clubs, and restaurants in major boost to the British night out

    Outside dining and later opening hours on the menu as government backs British pubs, clubs and restaurants with moves to slash burdensome red tape in the hospitality sector.

    • Mayor of London to be armed with new powers to review blocked licensing applications and boost the capital’s nighttime economy.

    • Package of measures answers industry plea to give businesses the conditions to thrive, with the government and British business working side-by-side as part of the Plan for Change.

    Pubs, clubs and restaurants are set to be released from burdensome red tape which has stifled business as government ‘backs the British night out’.

    Action includes moves to improve the application of licensing laws and strengthening businesses’ competitiveness, giving diners, pub and party-goers more time and more choice to enjoy what British hospitality has to offer.

    It includes a landmark pilot that could see more alfresco dining and later opening hours in London, as the Mayor of London is granted new “call in” powers to review blocked licensing applications in nightlife hotspots.

    If successful, this approach could be rolled out to other mayors across England, working closely with their own local police forces.

    The package of measures will seize the opportunities on offer in the UK hospitality sector, which employs over three million people and is worth around £62 billion to the British economy. It comes as the government continues to go further and faster to drive economic growth and get more money in working people’s pockets, a key focus of the Plan for Change.

    Businesses have long indicated that the current licensing system lacks proportionality, consistency, and transparency – creating barriers to growth and investment for business.

    Blockers to growth include businesses being banned from extending licensing hours for late night drinking and anti-competitive blockages from other businesses.

    Chancellor of the Exchequer, Rachel Reeves, said:

    British businesses are the lifeblood of our communities. We want them to Our Plan for Change will make sure they have the conditions to grow – not be tied down by unnecessarily burdensome red tape.

    We’ve heard industry concerns and we’re partnering with businesses to understand what changes need to be made, because a thriving nighttime economy is good for local economies, good for growth, and good for getting more money in people’s pockets.

    Deputy Prime Minister, Angela Rayner, said:

    We promised to clear the way to economic growth in our Plan for Change and that’s exactly what we’re doing. We’re already reforming planning to back the builders, not the blockers. Now we want to do the same for the nighttime economy which has been neglected for so long. 

    Our pubs, restaurants, and live music venues are the beating heart of our cultural life, so it is vital they are given every chance to survive and thrive. 

    That’s why it’s time to give the Mayor of London new powers to back the capital’s pubs and clubs, as part of our plan to give mayors the tools they need to drive growth. Too often, we have seen the complaints of a vocal minority of objectors promoted over the need for our country to grow – we are determined to change this.

    Nick Mackenzie, CEO of Greene King and Chair of the British Beer and Pub Association, Kate Nicholls, National Chair of the Institute of Licensing CEO of UKHospitality, Michael Kill, CEO of Night Time Industries Association, and the police are all working with the government to rapidly explore and evaluate better licensing options for businesses right across the UK.

    The group aims to transform the licensing system to one that better supports business growth and confidence, creating a better hospitality experience for Britons and visitors, whilst ensuring public safety and community interests remain adequately protected.

    It will report back in six weeks with solutions informing the government’s work to kickstart economic growth as part of the Plan for Change.

    Business and Trade Secretary, Jonathan Reynolds, said:

    Businesses in our retail, hospitality and leisure sectors are foundational to our economy and our high streets. They are big employers in every community across the UK, offering accessible jobs and opportunities and providing spaces where communities can come together – they are the glue that binds us together as a society.

    These measures will ensure that we support these vital sectors by delivering a business environment as part of our Plan for Change that allows them to operate profitably so that they can provide the jobs, investment and growth communities across the country need.

    In addition to these steps, a new £1.5 million Hospitality Support Scheme has been launched to help get existing projects over the line and fill job vacancies in the sector.

    This includes supporting the delivery of hospitality training facilities in prisons, which will help to address skills gaps and provide prison leavers with a fresh start and opportunities on release, reducing unemployment and the £18 billion cost of reoffending.

    These new steps are part of the government’s wider work to kickstart economic growth, boost productivity and put more money in working people’s pockets as part of the Plan for Change.

    Nick Mackenzie, CEO of Greene King, Chair of the British Beer and Pub Association and Co-Chair of the Licensing Taskforce, said:

    Licensing regulations provide a clear example of how well-intentioned legislation can inhibit economic growth, with excessive restrictions often limiting premises’ ability to respond to changing circumstances and customer demand.

    I am looking forward to working with the hospitality minister as we speak to stakeholders from within the industry and beyond to understand current frustrations and limitations.

    I hope that we can address existing concerns and create a licensing system that reduces unnecessary red tape, accelerates the licensing process and unlocks opportunities for premises to drive economic growth across the UK.

    The Mayor of London, Sadiq Khan, said:

    I am delighted that the government is looking to grant London greater powers over licensing.

    This significant decision would allow us to do more to support the capital’s pubs, clubs, music venues and other parts of the visit and tourist scene. It would boost tourism, stimulate growth and deliver new jobs both in London and across the country.

    This is more evidence that we now have a government that wants to work with the capital and recognises the role that we can play in delivering economic prosperity and support Londoners as we build a better London for everyone.

    Kate Nicholls, Chief Executive of UKHospitality and National Chair of the Institute of Licensing, said:

    Cutting red tape and improving hospitality’s competitiveness is much-needed to unlock our sector’s potential to drive socially productive growth and create jobs. A new and improved licensing system that is fit for the 21st century will be a huge boost to the nation’s pubs, bars, restaurants and hotels.

    I’m delighted that this expert group will be leading the review and coming forward with solutions that can unlock the high street’s potential, in addition to informing the government’s Industrial Strategy.

    Emma McClarkin, Chief Executive of the British Beer Association said:

    A review of the 2003 Licensing Act is long overdue.  We are currently working with MPs to pass an amendment to permitted licensing hours at times of major national events when Parliament is not sitting.  But this is just one example where the current law restricts the ability of pubs to respond to consumer demand and sell beer and other drinks in a responsible manner. 

    There will be many other simple changes that can be made to the Act that will ease the ability to do business and drive more sales, invest and grow.  I look forward to the quick implementation of the recommendations that the taskforce brings forward and urge the government to repeat this exercise across a number of other policy areas where urgent reforms are needed including business rates reform, packaging reform and much needed cuts to beer duty.

    More Information

    • The government will work with the Greater London Authority to review strategic licensing powers and explore a pilot scheme, providing the Mayor of London with new powers over strategic licensing. This could include a new “call in” power over licensing applications in areas of strategic importance for the nighttime economy.  

    • The Mayor of London recently launched a new, independent London Nightlife Taskforce to examine and address the issues facing London’s nightlife industry and provide recommendations on how to ensure the night-time economy can thrive.

    • This review of strategic licensing powers will look at options for providing the mayor with new powers to support the nightlife industry.

    • The government and the GLA will work closely with local stakeholders, including the police, to design the pilot scheme.

    Updates to this page

    Published 4 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Coastal morphological modelling for decision makers

    Source: United Kingdom – Government Statements

    Case study

    Coastal morphological modelling for decision makers

    Using the Coastal Modelling Environment tool to change how the UK manages coastal risks.

    Boulders used as sea defences at Happisburgh, Norfolk. Image credit: British Geological Survey.

    Coastal Modelling Environment (CoastalME)

    Andres Payo Garcia 1, Dave Favis Mortlock 2, Jim Hall 3, Robert Nicholls 4 and Mike Walkden 5

    1 British Geological Survey, United Kingdom

    2 Visiting Research Associate – British Geological Survey, United Kingdom

    3 Department of Engineering Science, Oxford University, United Kingdom

    4 Tyndall Centre for Climate Change Research, University of East Anglia, United Kingdom

    5 Moffatt & Nichol and Visiting Research Associate – British Geological Survey, United Kingdom

    Improved predictions are essential to quantify risks from coastal erosion and flooding. However, predicting how coastal landscapes change over decadal timescales raises challenges that don’t have solutions yet. The Integrated COASTal Sediment Systems (iCOAST) project funded by NERC from 2012 to 2016, provided essential demonstrations of new approaches to address this challenge.

    Among the tools developed through the project, the engineering tool Coastal Modelling Environment (CoastalME) stood out. It is being used in the UK and internationally. It provides improved predictive capability for coastal adaptation. Modellers can use CoastalME to simulate the interaction of coastal landforms and human interventions for open coast systems. This enables users to model and visualise coastal landscape changes more effectively using commonly available spatial data. CoastalME is freely available, making it an accessible resource.

    This research has resulted in significant changes in the way that the UK manages coastal risks. It enables better-informed use of the limited amount of coastal-aggregate material – the foundation of the human-natural UK defence system against coastal flooding and erosion.

    Impact

    CoastalME is used in several projects across the UK and Europe, as a planning tool in both research and engineering contexts.

    As a research tool, CoastalME is being used in 2 multi-year NERC funded projects. The Coastal Hazards, Multi-hazard Controls on Flooding and Erosion (CHAMFER) project is a collaboration between the National Oceanography Centre (NOC), UK Centre for Ecology & Hydrology (UKCEH) and the BGS which runs from 2022 to 2027.

    The tool is being used in the CHAMFER project to better assess the risk of compound flooding and erosion. CoastalME is also being used within the UKGravelBarriers project (2023 to 2027) led by the BGS. This aims to understand the effectiveness of gravel barriers in coastal protection under changing climatic conditions. Effective management of these coastal landforms is needed to ensure that they can reduce risks from coastal erosion and flooding. The role of CoastalME is to allow gravel beach and barrier dynamics to be modelled as integral components of larger coastal systems, supporting more realistic simulations under a range of climate and policy scenarios.

    Blanco and others (Environment Agency, 2019) in developing guidance for the use of coastal morphological models for decision makers found (page 74):

    The computational cost of these [CoastalME and ESTEEM] models is low and they have proved effective in exploring morphodynamic trends and improving the understanding of mesoscale behaviour. Their potential is significant as they combine different types of models and behaviours, and can therefore encompass many features over long time and spatial scales. They aim to fill the gaps where other more conventional models are not that strong. For example, CoastalME includes different sediment fractions – sand, gravel and mud. 

    As an operational tool, CoastalME is being used to inform decision making at regional, international and global levels.

    At the regional level, the tool is being used as part of the Resilient Coast (RC) Project funded by the Environment Agency’s Coastal Transition Accelerator Programme (CTAP). The RC project explores the concept of a sediment circular economy for coastal adaptation in East Anglia. CoastalME is used to quantify the sand, gravel and fine material along the coast and its value as a nature-based resource. Early results suggest that allowing a 10 metre wide section of cliff between Felixstowe and Caister to recede by 1 metre would release 1.8 million cubic metres of sand. This is equivalent to the volume imported during the largest sandscaping project to date, at Bacton, at a total cost of £21 million (Johnson and others, 2020).

    At the international level, CoastalME has been used to assess the risk of flooding and erosion for the whole of Andalusia’s coastline, which extends for 1,200km, measured at a scale of 1:25,000, and traverses 5 of 8 provinces. This study represents the first attempt to map the spatial distribution of sediment thickness along this coastal zone by integrating various publicly available datasets. It demonstrated the flexible design of CoastalME by incorporating representations of geomorphological features such as ‘ramblas’ (a dry riverbed used as a road or thoroughfare) that are important sources of sediment during heavy rainfall events.

    The European Space Agency’s Destination Earth (DestinE) initiative aims ‘to create a digital model of Earth that will be used to monitor the effects of natural and human activity on our planet, anticipate extreme events and adapt policies to climate-related challenges’ (European Space Agency). The DestinE initiative is using CoastalME as part of the Digital Twin lead component on coastal processes and extremes as a thematic module to provide 4D coastal landscape capability. The integration of CoastalME into the European Space Agency’s initiative signified that this research has the potential to impact coastal areas worldwide, providing a model for global resilience in the face of climate change.

    Resources

    Argans. (2024). Coastal Processes and Extremes – EO Based Digital Twin. Available at: https://www.argans.co.uk/proj-dtc.html (Accessed: 24 March 2025).

    British Geological Survey. (2025). CoastalME. Available at: https://www.osgeo.org/projects/coastalme/ (Accessed: 24 March 2025).

    British Geological Survey. (2025). UKGravelBarriers Project Overview. Available at:https://earthwise.bgs.ac.uk (Accessed: 24 March 2025).

    Environment Agency. (2025). Coastal Transition Accelerator Programme (CTAP). Available at: https://engageenvironmentagency.uk (Accessed: 24 March 2025).

    Environment Agency. (2024). Resilient Coasts. Available at: https://engageenvironmentagency.uk (Accessed: 24 March 2025).

    Environment Agency. (2019). Coastal morphological modelling for decision-makers. Available at: https://www.gov.uk/flood-and-coastal-erosion-risk-management-research-reports/coastal-morphological-modelling-for-decision-makers (Accessed: 24 March 2025).

    European Space Agency. (2025). Destination Earth Overview. Available at: https://www.esa.int (Accessed: 24 March 2025).

    Hall, J. (2012). UKRI – iCOAST Project Overview. Available at: https://gotw.nerc.ac.uk (Accessed 24 March 2025).

    Johnson, M., Goodliffe, R.J.W., Doygun, G., Flikweert, J. and Spaan, G. (2020). From idea to reality: The UK’s first sandscaping project. Terra et Aqua. Spring: 158. Available at: https://www.iadc-dredging.com (Accessed: 24 March 2025).

    National Oceanography Centre (NOC). (2025). CHAMFER Project Overview. Available at: https://projects.noc.ac.uk/chamfer (Accessed: 24 March 2025).

    Torrecillas, C., Payo, A., Cobos, M., Burke, H., Morgan, D., Smith, H. and Jenkins, G.O. (2024). Sediment Thickness Model of Andalusia’s Nearshore and Coastal Inland Topography. Journal of Marine Science Engineering. 12(2): 269. Available at: https://doi.org/10.3390/jmse12020269 (Accessed: 24 March 2025).

    Funder 

    • Natural Environment Research Council (NERC)

    Collaborators  

    • British Geological Survey
    • Oxford University
    • University of East Anglia
    • Environment Agency
    • Moffatt & Nichol

    Research period  

    • 2012 to 2016 iCOAST, NE/J005584/1
    • 2016 to 2022 BLUEcoast, NE/N015649/1
    • 2022 to 2027 CHAMFER, NE/W004992/1
    • 2024 to 2028 UKGravelBarriers, NE/Y503265/1

    Impact period  

    • 2016 to present

    Impact country  

    • UK
    • Spain (Andalusia)

    Contributing to the areas of research interest

    • 1 – Understanding future flood and coastal erosion risk
    • 2 – Resilience and adaptation to flooding and coastal change
    • 3 – Funding and investment
    • 5 – Asset management
    • 6 – Digital technology

    Updates to this page

    Published 4 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New Chair appointed for Creative Scotland review

    Source: Scottish Government

    Evidence-led review to report by November.

    A new Chair has been appointed to lead the independent review of Creative Scotland, Culture Secretary Angus Robertson has announced.

    Angela Leitch CBE will replace Dame Sue Bruce, who withdrew from the role on health grounds in March.

    In a letter to the Constitution, Europe, External Affairs & Culture Committee, Mr Robertson said Ms Leitch would be supported in the role by Stuart Currie as Vice Chair.

    The Culture Secretary also confirmed that the timeframe to publish recommendations would be extended until November, to allow the new Review team sufficient time to gather and consider evidence from the sector.

    Mr Robertson said:

    “I am delighted to report that Angela Leitch CBE has agreed to lead the independent review, supported by Stuart Currie as Vice Chair. Both Angela and Stuart bring a wealth of local government and public sector experience.

    “With the 2025-26 Scottish Budget including a record £34 million uplift for culture, including an additional £20 million for Creative Scotland’s multi-year funding programme, the review will consider Creative Scotland’s functions and remit to maximise the impact of this increase and ensure it can meet the culture sector’s needs.

    “In the meantime, I welcome the fact that our survey seeking the culture sector’s views on how culture and the arts are currently supported and areas for change, received more than 750 responses from individuals and organisations across Scotland. This feedback, which will be published later this Spring, will no doubt inform the independent Creative Scotland review.”

    Ms Leitch said:

    “Culture and the arts provide us with a sense of belonging, preserving our history and traditions, and promoting an understanding of different perspectives. It’s well recognised that the sector and the people who work within it contribute significantly to Scotland’s society, our communities, and the economy.

    “It’s also recognised that the context cultural organisations and artists are now operating in has changed considerably since Creative Scotland was established in 2010. I welcome the opportunity to work with colleagues in Creative Scotland and across the sector to review its remit and functions with a view to ensuring it continues to be relevant today.”

    Background:

    Angela Leitch has more than thirty years’ experience in local government, having worked in West Lothian and the City of Edinburgh councils before becoming Chief Executive firstly in Clackmannanshire Council and then East Lothian Council. In 2019 Angela was appointed as the Chief Executive of the newly formed Public Health Scotland, which amongst other responsibilities, played a crucial role in producing data, evidence and advice throughout the Covid-19 pandemic. She stepped down from this role in April 2023.

    Angela was Convenor of the Board of the Scottish Local Authority Remuneration Committee which presented its report on changes to the payments to elected members, in December 2023, to the Convention of Scottish Local Authorities (COSLA) and Scottish Government Ministers.

    She is a member of the Accounts Committee and the Scottish Police Authority. She is also Chair of YouthLink Scotland and is a Trustee of the homelessness prevention charity Cyrenians.

    The independent review into Creative Scotland was first announced in the 2024-25 Programme for Government, as the first review of Creative Scotland since its establishment in 2010. The Scottish Budget 2025-26 provides an increase of £34 million to culture in Scotland, including £20 million for Creative Scotland’s multi-year funding programme.

    Following Dame Sue Bruce’s withdrawal on health grounds, and the appointment of Angela Leitch CBE as the new Chair, the independent review is now expected to publish recommendations in November 2025. Further details on the review process, including the terms of reference, will be set out to Parliament in due course.

    Chair of Creative Scotland review confirmed – gov.scot, 13 January 2025

    Letter from the Cabinet Secretary, Constitution, External Affairs and Culture in relation to the Culture Sector Review, 4 March 2025

    The full text of the Culture Secretary’s letter to update the CEEAC Committee on the appointment of Angela Leitch CBE as Chair of the independent review of Creative Scotland is as follows:

    2 April, 2025

    Dear Clare,

    INDEPENDENT REVIEW OF CREATIVE SCOTLAND

    As I shared in my previous letter of 4 March 2025, unfortunately Dame Sue Bruce has had to withdraw from leading the Review of Creative Scotland on health grounds.

    The process for appointing a successor to chair the Review of Creative Scotland has now concluded and I am delighted to report that Angela Leitch CBE has agreed to lead the Review. Angela brings a wealth of public sector experience having worked at senior level in local authorities for over two decades and served as Chief Executive for Public Health Scotland for four years. I am also pleased to confirm that the Chair will be supported by Stuart Currie who has agreed to act as Vice Chair. Stuart brings a wide range of skills and knowledge in both local government and the public sector. 

    I know the Committee shares my view that the Review will be immensely valuable work and should be completed without undue delay. Unfortunately Dame Sue’s withdrawal means that the timescale for completion will be longer than originally anticipated. I am sure you will agree that whilst the delay is unfortunate it is important that the Chair has time to undertake an evidence led Review of Creative Scotland. I have therefore asked the Chair to provide the Scottish Ministers with recommendations and a written report in November. I can also confirm that good progress is being made with consideration of the responses to the sector wide survey which took place earlier this year and the analysis of the consultation responses will be published later this Spring.

    The key objectives of the Review will be to:

    1. consider Creative Scotland’s functions and remit, as set out in the Public Services Reform (Scotland) Act 2010, to ensure they continue to be relevant for the culture sector and meet Ministers’ aspirations;
    2. evaluate how Creative Scotland delivers its functions including appropriateness of existing governance arrangements; and
    3. maximise the impact of the funding Creative Scotland provide to the culture sector by ensuring Creative Scotland use and distribute funding appropriately and effectively.

    I appreciate the Committee’s continued interest and involvement in the work to date and I would like to thank you for your patience whilst the appointment process has been underway. I know that the Chair will be keen to meet with you to discuss the final remit of the Review. The Secretariat of the Creative Scotland Review would be happy to help in arranging a meeting and can be contacted at creativescotlandreview@gov.scot

    MIL OSI United Kingdom –

  • MIL-OSI USA: Foster, Durbin Introduce American Innovation Act

    Source: United States House of Representatives – Congressman Bill Foster (11th District of Illinois)

    Washington, DC – Today, U.S. Representative Bill Foster (D-IL-11) and U.S. Senate Democratic Whip Dick Durbin (D-IL) reintroduced the bicameral American Innovation Act, which would provide annual budget increases at a rate of five percent, indexed to inflation, for cutting-edge research at five federal agencies: the Department of Energy Office of Science; the National Science Foundation; the National Institute of Standards and Technology Scientific and Technical Research Services; the Department of Defense Science and Technology Programs; and the National Aeronautics and Space Administration (NASA) Science Directorate.  The American Innovation Act would position the U.S. as a leader in development and discovery for decades to come by creating steady, sustained funding for breakthrough research at America’s top research agencies.

    “I’m proud to work with Senator Durbin on this legislation to expand federal investment in scientific research,” said Foster.  “Since World War II, investments in science and technology have helped expand our economy, create millions of jobs, and advance our national security.  As we confront new and existing challenges, it’s critical that our scientists have the resources they need to ensure our nation remains at the forefront of research and innovation.”

    “In its crusade to damage essential government infrastructure, the Trump Administration has failed to recognize that sustained support for basic scientific research has enabled the United States to put a man on the moon, build the internet, and produce a COVID-19 vaccine in record time.  If we want to maintain our status as a world leader in research and technology, we must empower and fund our federal research agencies and retain their top talent,” said Durbin.  “I’m introducing the American Innovation Act to ensure our nation’s scientists and researchers have access to critical funding to push our world forward while also creating jobs, growing our economy, and improving our national security.”

    Basic science funding in the U.S. has lagged in recent decades. Since the 1970s, U.S. investment in basic science has decreased by tenfold to about 0.1 percent of GDP.  Meanwhile, China’s research intensity (GDP expenditures on R&D) has increased by 500 percent since 1996. If this trend continues, China will soon surpass the U.S. in investment in science.

    The American Innovation Act is cosponsored by U.S. Representatives Sean Casten (D-IL-06), Jill Tokuda (D-HI-02), and Eleanor Holmes Norton (D-DC), and U.S. Senators Tammy Duckworth (D-IL), Alex Padilla (D-CA), Mazie Hirono (D-HI), and Brian Schatz (D-HI).

    The legislation has earned the endorsement of the American Mathematical Society; American Physical Society; American Society of Mechanical Engineers; American Society of Microbiology; Association of American Universities; Association of Public and Land-Grant Universities; Coalition for Academic Scientific Computation; Computing Research Association; Council on Undergraduate Research; Federation of American Scientists; Institute for Progress; the Institute of Electrical and Electronics Engineers; MIT Graduate Student Council; Society of Women Engineers; Taskforce for American Innovation; University of Illinois System; and the University of Chicago.

    A copy of the legislation can be found here.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Department of Energy Awards Management and Operating (M&O) Contract for Strategic Petroleum Reserve

    Source: US Department of Energy

    WASHINGTON, D.C. — Following a rigorous competitive selection process, the Department of Energy (DOE) today announced that Strategic Storage Partners, LLC has secured a $1.4 billion contract to manage and operate the Strategic Petroleum Reserve (SPR). This includes the operation and maintenance of facilities and related systems located in Louisiana and Texas over a five-year period, with an option for DOE to extend the contract for an additional five years.

     After a transition period, Strategic Storage Partners, LLC, will assume responsibility for management and operation of the SPR on June 15, 2025.

    The SPR’s mission is to safeguard the United States from significant petroleum supply disruptions through the acquisition, storage, distribution, and management of emergency petroleum stocks, fulfilling U.S. obligations under the International Energy Program. Federally owned oil stocks are stored in underground salt caverns at four sites located in Texas and Louisiana. The SPR has a longstanding history of protecting the U.S. economy and livelihoods during emergency oil shortages.

     This announcement underscores President Trump’s commitment to advancing initiatives that support American jobs, strengthen domestic supply chains, and reinforce the United States’ position as a global energy leader.

                                                                                                    ###

    MIL OSI USA News –

  • MIL-OSI Europe: Euro area quarterly balance of payments and international investment position: fourth quarter of 2024

    Source: European Central Bank

    4 April 2025

    • Current account surplus at €426 billion (2.8% of euro area GDP) in 2024, after a €243 billion surplus (1.7% of GDP) a year earlier.
    • Geographical counterparts: largest bilateral current account surpluses vis-à-vis United Kingdom (€197 billion) and Switzerland (€76 billion) and largest deficit vis-à-vis China (€105 billion).
    • International investment position showed net assets of €1.66 trillion (10.9% of euro area GDP) at end of 2024.
    • Bilateral current account vis-à-vis the United States: surplus of €3 billion (0.0% of euro area GDP) in 2024, following a deficit of €30 billion (0.2% of GDP) in 2023. For more details see dedicated section on economic and financial linkages between the euro area and the United States.

    Current account

    The current account of the euro area recorded a surplus of €426 billion (2.8% of euro area GDP) in 2024, following a €243 billion surplus (1.7% of GDP) a year earlier (Table 1). This development was driven by larger surpluses for goods (from €264 billion to €372 billion), services (from €127 billion to €169 billion) and primary income (from €20 billion to €54 billion). The deficit for secondary income increased moderately from €167 billion to €168 billion.

    The estimates on goods trade broken down by product group show that in 2024 the increase in the goods surplus was mainly due to a reduction in the deficit for energy products (from €314 billion to €260 billion). In addition, the surpluses for chemical products and machinery and manufactured products increased (from €244 billion to €268 billion and from 283 billion to €300 billion, respectively).

    The larger surplus for services in 2024 was mainly due to widening surpluses for telecommunication, computer and information (from €169 billion to €203 billion) and travel (from €52 billion to €61 billion), and a lower deficit for other business services (from €60 billion to €28 billion). These developments were partly offset by a widening deficit for charges for the use of intellectual property (from €100 billion to €126 billion).

    In 2024, the increase in the primary income surplus was mainly due to larger surpluses in direct investment (from €72 billion to €104 billion), portfolio debt (from €59 billion to €79 billion), and other primary income (from €3 billion to €15 billion), which were partly offset by a larger deficit in portfolio equity (from €163 billion to €194 billion).

    Table 1

    Current account of the euro area

    (EUR billions, unless otherwise indicated; transactions during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. Goods by product group is an estimated breakdown using a method based on statistics on international trade in goods. Discrepancies between totals and their components may arise from rounding.

    Data for the current account of the euro area

    Data on the geographical counterparts of the euro area current account (Chart 1) show that in 2024, the euro area recorded its largest bilateral surpluses vis-à-vis the United Kingdom (€197 billion, down from €220 billion a year earlier) and Switzerland (€76 billion, up from €65 billion). The euro area also recorded surpluses vis-à-vis other emerging countries (€155 billion, up from €135 billion a year earlier) and other advanced countries (€114 billion, up from €80 billion). The largest bilateral deficit was recorded vis-à-vis China (€105 billion, down from €109 billion a year earlier) and a deficit was also recorded vis-à-vis the residual group of other countries (€96 billion, down from €142 billion).

    The most significant changes in the geographical components of the current account in 2024 relative to 2023 were as follows: the goods surpluses increased vis-à-vis the United States (from €179 billion to €213 billion) and vis-à-vis other advanced countries (from €27 billion to €50 billion), while the goods deficit vis-à-vis China increased from €131 billion to €141 billion. In services, the deficit vis-à-vis the United States increased (from €124 billion to €156 billion), while the balance vis-à-vis offshore centres shifted from a deficit (€8 billion) to a surplus (€16 billion). In primary income, the balance vis-à-vis the United Kingdom shifted from a surplus (€31 billion) to a deficit (€4 billion) while a smaller deficit was recorded vis-à-vis the United States (from €84 billion to €52 billion). The deficit in secondary income vis-à-vis the EU Member States and EU institutions outside the euro area decreased slightly (from €76 billion to €73 billion).

    Chart 1

    Geographical breakdown of the euro area current account balance

    (four-quarter moving sums in EUR billions; non-seasonally adjusted)

    Source: ECB.
    Note: “EU non-EA” comprises the non-euro area EU Member States and those EU institutions and bodies that are considered for statistical purposes as being outside the euro area, such as the European Commission and the European Investment Bank. “Other advanced” includes Australia, Canada, Japan, Norway and South Korea. “Other emerging” includes Argentina, Brazil, India, Indonesia, Mexico, Saudi Arabia, South Africa and Türkiye. “Other countries” includes all countries and country groups not shown in the chart, as well as unallocated transactions.

    Data for the geographical breakdown of the euro area current account

    International investment position

    At the end of 2024, the international investment position of the euro area recorded net assets of €1.66 trillion vis-à-vis the rest of the world (10.9 % of euro area GDP), up from €1.25 trillion in the previous quarter (Chart 2 and Table 2).

    Chart 2

    Net international investment position of the euro area

    (net amounts outstanding at the end of the period as a percentage of four-quarter moving sums of GDP)

    Source: ECB.

    Data for the net international investment position of the euro area

    The €407 billion increase in net assets was mainly driven by larger net assets in portfolio debt (up from €1.27 trillion to €1.42 trillion), direct investment (up from €2.54 trillion to €2.66 trillion) and reserve assets (up from €1.32 trillion to €1.39 trillion).

    Table 2

    International investment position of the euro area

    (EUR billions, unless otherwise indicated; amounts outstanding at the end of the period, flows during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. Net financial derivatives are reported under assets. “Other volume changes” mainly reflect reclassifications and data enhancements. Discrepancies between totals and their components may arise from rounding.

    Data for the international investment position of the euro area

    The developments in the euro area’s net international investment position in the fourth quarter of 2024 were driven mainly by positive exchange rate changes, and to a lesser extent by positive transactions and other volume changes (Table 2 and Chart 3).

    At the end of the fourth quarter of 2024, direct investment assets of special purpose entities (SPEs) amounted to €3.58 trillion (28% of total euro area direct investment assets), up from €3.53 trillion at the end of the previous quarter (Table 2). Over the same period, direct investment liabilities of SPEs increased from €3.10 trillion to €3.13 trillion (31% of total direct investment liabilities).

    At the end of the fourth quarter of 2024 the gross external debt of the euro area amounted to €16.70 trillion (110% of euro area GDP), up by €1 billion compared with the previous quarter.

    Chart 3

    Changes in the net international investment position of the euro area

    (EUR billions; flows during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Note: “Other volume changes” mainly reflect reclassifications and data enhancements. 

    Data for changes in the net international investment position of the euro area

    At the end of 2024 euro area direct investment assets were €12.62 trillion, 23% of which was invested in the United States and 19% in the United Kingdom (see Table 3). Euro area direct investment liabilities were €9.96 trillion, with 28% being investments from the United States, 19% from offshore centres and 18% from the United Kingdom.

    In portfolio investment, euro area holdings of foreign securities amounted to €7.57 trillion in equity and €7.09 trillion in debt securities at the end of 2024. The largest holdings of equity were in securities issued by residents of the United States (accounting for 60%). In debt securities, the largest euro area holdings were in securities issued by residents of the United States (accounting for 38%), the United Kingdom (17%) and the EU Member States and EU institutions outside the euro area (16%).

    On the portfolio investment liabilities side, non-residents’ holdings of securities issued by euro area residents stood at €10.84 trillion in equity and at €5.67 trillion in debt at the end of 2024. The largest holder countries of euro area equity were the United States (27%) and the United Kingdom (13%), while for euro area debt securities the largest holders were the BRIC group of countries (14%), the United States (13%) and Japan (11%).

    In other investment, euro area residents’ claims on non-residents amounted to €7.18 trillion, 29% of which was vis-à-vis the United Kingdom and 24% vis-à-vis the United States. Euro area other investment liabilities amounted to €7.71 trillion, with the United Kingdom accounting for 25% and the United States for 19%.

    Table 3

    International investment position of the euro area – geographical breakdown

    (as a percentage of the total, unless otherwise indicated; at the end of the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. “EU non-EA” comprises the non-euro area EU Member States and those EU institutions and bodies that are considered for statistical purposes as being outside the euro area, such as the European Commission and the European Investment Bank. The “BRIC” countries are Brazil, Russia, India and China. “Other advanced” includes Australia, Canada, Norway and South Korea. “Other emerging” includes Argentina, Indonesia, Mexico, Saudi Arabia, South Africa and Türkiye. “Other countries” includes all countries and country groups not listed in the table as well as unallocated positions.

    Data for the international investment position of the euro area – geographical breakdown

    Economic and financial linkages between the euro area and the United States

    This statistical release provides a longer-term perspective on the euro area’s bilateral current account balance and international investment position vis-à-vis the United States by presenting developments over the past decade.

    In 2024 the euro area recorded a current account surplus of €3 billion (0.0% of euro area GDP) vis-à-vis the United States, following a deficit of €30 billion (0.2% of GDP) in 2023 (see Chart 4). The euro area had recorded a rather stable current account surplus vis-à-vis the United States of around 1.0% of GDP between 2015 and 2019, which gradually declined subsequently and turned into a deficit in 2022. Since 2015 the euro area has run a persistent and sizeable goods surplus vis-à-vis the United States, rising from €127 billion in 2015 to €213 billion in 2024. The marked decline in the euro area current account surplus vis-à-vis the United States over the past decade was mainly due to a pronounced widening in the deficit for services (from €21 billion in 2015 to €156 billion in 2024), driven by an increasing deficit in charges for the use of intellectual property (from €5 billion to €168 billion). In addition, the euro area’s primary income balance vis-à-vis the United States changed from a surplus of €2 billion in 2015 to a deficit of €52 billion in 2024, largely due to a widening deficit in direct investment income. The developments in the euro area’s bilateral current account balance vis-à-vis the United States, in particular the significant changes observed since 2019, are partly connected to the activities of US multinational enterprises in the euro area.

    Chart 4

    Euro area current account balance vis-à-vis the United States

    (left-hand scale: four-quarter moving sums in EUR billions; right-hand scale: four-quarter moving sums as a percentage of GDP; non-seasonally adjusted)

    Source: ECB.

    Data for the current account of the euro area vis-a-vis the United States

    At the end of 2024, the euro area’s bilateral investment position vis-à-vis the United States showed net assets equivalent to 26% of euro area GDP, up from 18% of GDP at the end of 2023 and 4% of GDP at the end of 2015 (Chart 5). Net asset positions in portfolio investment debt (13% of GDP) and portfolio investment equity (11% of GDP) contributed most to the euro area’s bilateral net asset position at the end of 2024. The increase in the euro area bilateral net asset position since 2015 was driven mainly by a shift in portfolio investment equity from a net debtor to a net creditor position, as euro area portfolio investment equity assets vis-à-vis the United States rose more strongly than the corresponding liabilities. Developments in portfolio investment debt and direct investment also contributed, albeit to a lesser extent, to the increase in total net assets vis-à-vis the United States.

    Chart 5

    vis-à-vis the United States

    Euro area net investment position

    (net amounts outstanding at the end of the period as a percentage of four-quarter moving sums of GDP)

    Source: ECB.

    Notes: “Total net position” refers to the sum of net direct investment, net portfolio investment, net other investment and net financial derivatives. Reserve assets are not included in the total. Net positions are computed as the asset positions minus the liability positions of the respective item. Discrepancies between totals and their components may arise from rounding.

    The United States is the largest destination country for euro area cross-border financial investment. Euro area financial assets vis-à-vis the United States amounted to €12.38 trillion at the end of 2024 (82% of euro area GDP), with an 83% increase since the end of 2015 (see Table 4). This development increased the share of the United States in euro area external assets from 27% to 33%. The increase was mainly due to euro area holdings of portfolio investment equity issued by residents of the United States, which have risen by 286% since the end of 2015, mainly as a result of positive price revaluations. At the same time, euro area holdings of portfolio investment debt securities have increased by 91% since the end of 2015.

    The United States is also the largest source country for euro area cross-border financial investment, accounting for bilateral financial liabilities of €8.41 trillion (56% of euro area GDP) at the end of 2024, a 32% increase since the end of 2015. Over the same period, the share of the United States in euro area external liabilities remained broadly stable at 22%. This development mainly reflected an increase of 97% in portfolio investment equity liabilities vis-à-vis the United States, while direct investment liabilities vis-à-vis the United States declined by 9%.

    Table 4

    Euro area international investment position vis-à-vis the United States

    (at the end of the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “p.p.” refers to percentage points. “Equity” comprises equity and investment fund shares. “Total assets/liabilities” refers to the sum of direct investment, portfolio investment, other investment and financial derivatives. Reserve assets are not included in the total. Around 17% of the Eurosystem’s total reserve assets of €1.3 trillion are held in the form of securities, of which an undisclosed part is invested in securities issued in the United States. Financial derivatives are reported separately in gross terms under assets and liabilities. Discrepancies between totals and their components may arise from rounding.

    Data for the international investment position of the euro area – vis-à-vis the US

    Data revisions

    This statistical release incorporates revisions to the data for the reference periods between the first quarter of 2021 and the third quarter of 2024. The revisions reflect revised national contributions to the euro area aggregates because of the incorporation of newly available information.

    MIL OSI Europe News –

  • MIL-OSI Russia: 80 years since the capture of Bratislava

    Translartion. Region: Russians Fedetion –

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

    On April 4, 1945, during the Bratislava-Brno operation, Soviet troops liberated Bratislava from the German invaders.

    The offensive operation was carried out by the forces of the 2nd Ukrainian Front under the command of Marshal Rodion Malinovsky. They were confronted by the 200,000-strong Army Group “South” in convenient natural and well-fortified defensive positions.

    The 1st Guards Cavalry-Mechanized Group under the command of Lieutenant General Issa Pliev especially distinguished itself in the battles on the approaches to the city. Its sudden and stunning raids on the enemy’s rear terrified the Germans and did not allow them to organize a defense on the borders of the Nitra, Vah, and Morava rivers.

    By April 1, the Red Army had reached the city limits. The enemy had carefully prepared for defense, creating numerous reinforced concrete firing points, anti-tank ditches, and minefields. Barricades, anti-personnel and anti-tank obstacles were erected on the streets of Bratislava. The eastern outskirts were especially strongly fortified, since the northern part of the city was protected by the Little Carpathians, and the southern part by the Little Danube and the Danube. In order to avoid protracted battles and the destruction of the city, the command decided to attack with simultaneous strikes from the northeast and southeast. The Danube Flotilla was involved in the assault, its ships made a 75-kilometer dash from Komárno to Bratislava along a mined fairway, and the sailors took direct part in the city battles.

    On April 2, Soviet troops broke through the enemy’s outer fortifications and stormed into the city. Fierce fighting for every house lasted for two days, assault groups systematically moved from street to street and by midday on April 4 they reached the center of Bratislava. The remnants of the German garrison fled toward Vienna.

    During the Bratislava-Brno operation, the troops of the 2nd Ukrainian Front advanced 200 kilometers, occupied the Bratislava and Brno industrial districts, completed the liberation of Slovakia, and created conditions for a rapid advance on Prague. In honor of the capture of Bratislava, a ceremonial salute was given in Moscow – 24 volleys from 324 guns. For the heroism and military valor displayed during the liberation of Brno and Bratislava, 99 formations and units were awarded orders, and 15 received the honorary title of “Bratislava”.

    On the territory of modern Slovakia there are about 160 graves of Soviet soldiers who died during the liberation of this country from fascism. More than 60 thousand Soviet soldiers are buried in military cemeteries. In memory of them, about 100 different monuments and memorial signs have been erected. Eternal memory to the heroic liberators!

    The State University of Management congratulates on this memorable date and recalls our scientific regiment-employees who fought as part of the 2nd Ukrainian Front on the territory of Czechoslovakia:
    -Hero of the Soviet Union Mikhail Gureev, artillery colonel, vice-rector and deputy director of the MIE-Miu-Gau-Guu for administrative work (1972-2008);
    -Anatoly Petrov, head of the radio station of the 1st Guards Airborne Brigade, foreman, doctor of economic sciences, head of the planning department of the national economy of the MIEI MIU;
    -Boris Rodionov, Major Engineer, graduate of MIE, Doctor of Economics, Head of the Department of Organization and Planning of Mechanical Engineering MIE-Miu.

    #Scientific regiment

    Subscribe to the TG channel “Our GUU” Date of publication: 04.04.2025

    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: Groupama Group 2024 annual results

    Source: GlobeNewswire (MIL-OSI)

    Premium income (insurance premiums and other income) of €18.5 billion, up +8.9%

    • Growth in activity in all business lines: property and casualty insurance (+5.2%), health & protection (+15.2%) and savings & pensions (+8.1%)
    • Sustained growth in France (+8.9%) and in international subsidiaries (+8.3%)
    • Insurance revenue (IFRS 17) of €16.3 billion

    Net income of €961 million

    • Economic operating income of €954 million, up €52 million
    • Moderate weather loss experience
    • Combined ratio of 95.1%

    Solvency ratio of 185% without transitional measure

    • Solvency ratio of 241% without transitional measure on underwriting reserves
    • Group’s IFRS equity of €10.5 billion, up +€0.6 billion
    • Contractual service margin of €3.8 billion

    “Groupama is showing very satisfactory results, both in terms of revenue growth and profitability. Despite a turbulent economic and geopolitical environment, the group demonstrates the solidity and strength of its mutual model, which forms the foundation of an ambitious development strategy as well as investments for the future. I would like to thank our elected representatives and our employees for their commitment.”, stated Laurent Poupart, Chairman of the Board of Directors of Groupama Assurances Mutuelles.

    “The group’s results are very positive, with net income supported by a robust operating income from our insurance activities. These results stem from all our operations, including property and casualty as well as life and health insurance, both in France and internationally. They enable us to navigate the complex and uncertain economic environment on solid foundations and to generate investment capacity for our development.”, added Thierry Martel, CEO of Groupama Assurances Mutuelles.

    The Board of Directors of Groupama Assurances Mutuelles met on 3 April 2025, under the chairmanship of Laurent Poupart, and approved the Group’s combined financial statements for fiscal year 2024.

    Activity (insurance premiums and other income)

    At 31 December 2024, Groupama’s combined premium income stood at €18.5 billion, +8.9% increase from 31 December 2023. The increase stemmed from the development of property and casualty insurance (+5.2%), sustained growth in health & protection insurance (+15.2%) and the return to growth in the savings & pensions business (+8.1%).

    Groupama premium income at 31 December 2024

    in millions of euros 31/12/2024 Like-for-like change
    Property and casualty insurance 9,241 +5.2%
    Health & Protection 5,900 +15.2%
    Savings & Pensions 3,115 +8.1%
    Financial businesses 246 +15.6%
    GROUP TOTAL 18,503 +8.9%

      

    In France

    Insurance premium income in France at 31 December 2024 amounted to €15.2 billion, up +8.9% compared with 31 December 2023.

    In property and casualty insurance, premium income amounted to €7.0 billion at 31 December 2024, up +4.3%, driven by strong growth in business and local authority insurance (+8.1%), home insurance (+5.1%) and, to a lesser extent, by the increase in motor insurance (+2.8%) and agricultural insurance (+2.9%).

    The health & protection business saw strong growth (+14.8%) to €5.5 billion as at 31 December 2024, underpinned by increases in both group health (+23.5%) and individual health (+7.2%).

    In savings & pensions, premium income rebounded with a growth of 9.7%, reaching €2.7 billion as of December 31, 2024. This growth was driven by an increase in individual savings & pensions (+12.6%), particularly in unit-linked savings & pensions (+22.5%), which benefited from the success of Telluma.

    International

    At the end of 2024, business reached €3.1 billion, up +8.3% at constant scope and exchange rates compared with 31 December 2023, benefiting from strong business growth in Hungary (+19.1%) and sustained growth in Romania (+7.4%) and Italy (+5.9%).

    Property and casualty insurance premium income totalled €2.3 billion as at 31 December 2024, up +8.2% from the previous period. This growth was driven by property and casualty insurance for businesses and local authorities (+15.6%), mainly in Romania, by motor insurance (+6.7%), which grew significantly in Hungary, Bulgaria and Italy, as well as by strong performances in home insurance (+11.7%), particularly in Greece and Bulgaria.

    Premium income in savings & pensions was virtually stable (-0.6%) at €0.5 billion, with growth in individual savings & pensions in unit-linked products (+25.5%) being offset by the decline in the group savings& pensions business (-41.8%).

    In health and protection, business grew significantly (+21.8%) to €0.4 billion, benefiting from growth in group insurance (+40.0%), mainly in Romania and Bulgaria, and from the increase in individual protection (+14.1%).

    Financial businesses

    The Group’s premium income was €246 million, including €238 million from Groupama Asset Management and €8 million from Groupama Epargne Salariale.

    Results

    Economic operating income increased to €954 million at 31 December 2024, up 52% compared with 31 December 2023.

    It came from property and casualty insurance for €429 million (€316 million as at 31 December 2023) and health and protection insurance for €299 million (€233 million as at 31 December 2023). The Group’s non-life combined ratio was 95.1% at 31 December 2024, an improvement of -1.7 points compared with 31 December 2023. This change is linked to the decrease in claims related to natural disasters, for which the cost net of reinsurance amounted to €637 million in 2024 compared with €968 million in 2023, as well as the improvement in the attritional loss experience and the increase in prior year reserve bonuses. Conversely, the discount effect is less than in 2023. The operating costs ratio was virtually stable at 28.1% as at 31 December 2024.

    Economic operating income from savings & pensions was €327 million at 31 December 2024 (€156 million at 31 December 2023). It benefited in particular from the result of the switch of the share reinsured by Groupama Gan Vie to CNP Retraite in the PREFON Retraite reinsurance treaty, effective 1 January 2024.

    Economic operating income from financial activities amounted to +€44 million and that of the Group’s holding company activity was -€146 million at 31 December 2024.

    The transition from economic operating income to net income includes non-recurring items, in particular the realisation of capital gains or losses, the change in the fair value of financial assets, and financing expenses. The Group’s overall net income totalled €961 million at 31 December 2024, compared with €510 million at 31 December 2023.

    Balance sheet

    Group’s IFRS equity totalled €10.5 billion at 31 December 2024 compared with €9.9 billion as at 31 December 2023. This change is mainly due to the positive contribution of income for the financial year and the perpetual subordinated debt issue in early July 2024 for €600 million, mitigated by the redemption in May 2024 of the perpetual subordinated notes issued in 2014 for €871 million.

    The Group’s contractual service margin, which represents the deferred future profits of outstanding contracts in savings and pensions and long-term protection, amounted to €3.8 billion at 31 December 2024, up +€162 million compared with 31 December 2023.

    Insurance investments totalled €67.2 billion, down -€3.2 billion, mainly due to the disposal of assets from the Prefon portfolio and changes in the financial markets (rise in government bond yields).

    At 31 December 2024, the Solvency 2 ratio, without transitional measure on underwriting reserves, was 185%. The 12-point decrease in the rate compared with end-2023 was mainly due to unfavourable market effects reflecting the widening of government bond spreads as well as the redemption in May 2024 of perpetual subordinated bonds issued in 2014 for €871 million, partially offset by the net income for the fiscal year and by the issue of perpetual subordinated debt in July 2024 for €600 million. The ratio with transitional measure on underwriting reserves, authorised by the ACPR, was 241%.

    The Group’s financial strength was highlighted by Fitch Ratings, which affirmed Groupama’s rating at ‘A+’ with a ‘Stable’ outlook on 9 December 2024.

    Group Communications Department

    For the financial statements as at 31/12/2024, the Group’s financial information consists of:

    • this press release, which is available on the website groupama.com,
    • the universal registration document of Groupama, which will be filed with the AMF on 28 April 2025 and posted on the www.groupama.com website on the same day.

    Appendix: Groupama key figures

    Premium income (insurance premiums and other income)

    € million 31/12/2023
    pro forma*    		 31/12/2024 Change **
    as %
    > France 13,919 15,154 +8.9%
    Property and Casualty 6,686 6,974 +4.3%
    Health & Protection 4,804 5,515 +14.8%
    Savings & Pensions 2,429 2,665 +9.7%
    > International & Overseas territories 2,866 3,103 +8.3%
    Property and Casualty 2,096 2,268 +8.2%
    Health & Protection 316 385 +21.8%
    Savings & Pensions 453 450 -0.6%
    TOTAL INSURANCE 16,785 18,257 +8.8%
    Financial businesses 213 246 +15.6%
    Groupama premium income 16,997 18,503 +8.9%

    * Based on comparable data
    ** Change on a like-for-like exchange rate and consolidation basis

    Economic operating income

    € million 31/12/2023 31/12/2024
    Insurance – France 544 856
    Insurance – International 161 200
    Financial businesses 35 44
    Holding companies -113 -146
    Economic operating income* 627 954

    * Economic operating income: net income restated for realised capital gains and losses, allocations to and reversals of provisions for long-term impairment and unrealised gains and losses on financial assets recognised at fair value from property and casualty, health/personal protection, financial and holding company activities (these items being net of corporate income tax). Non-recurring transactions net of tax, impairment of goodwill (net of tax) and external financing expenses are also restated.

    Net income

    € million 31/12/2023 31/12/2024
    Insurance – France
    Insurance – International    		 572
    141    		 906
    161
    Financial businesses 35 44
    Holding companies -128 -151
    Disposal of activities in Turkey -110 –
    Net income 510 961

    Balance sheet

    € million 31/12/2023 31/12/2024
    Group’s IFRS equity 9,862 10,487
    Subordinated debts 3,009 2,741
    – classified as Group’s IFRS equity  871 600
    – classified as “Financing debt” 2,138 2,141
    Contractual service margin 3,649 3,810
    Total balance sheet 91,949 89,396

    Main ratios

      31/12/2023 31/12/2024
    Combined non-life ratio 96.8% 95.1%
    Debt ratio 21.8% 18.7%
    Solvency 2 ratio (with transitional measure*) 267% 241%
    Solvency 2 ratio (without transitional measure*) 197% 185%

    * transitional measure on underwriting reserves

    Financial strength rating – Fitch Ratings

      Rating * Outlook
    Groupama Assurances Mutuelles and its subsidiaries A+ Stable

    * Insurer Financial Strength (IFS)

    About Groupama Group

    For more than 100 years, Groupama Group has based its actions on timeless, humanist values to enable as many people as possible to build their lives in confidence. It relies on humane, caring, optimistic and responsible communities. The Groupama Group, one of the leading mutual insurers in France, carries out its insurance and service business activities in ten countries. The Group has 12 million members and customers and 32,000 employees throughout the world, with premium income of €18.5 billion.

    Attachment

    The MIL Network –

  • MIL-OSI China: Secure mobile phone recycling system taking shape in China

    Source: China State Council Information Office 2

    Data security has always been a challenge during electronic waste processing and recycling in China, but the issue is being addressed through a new initiative.
    China Resources Recycling Group Co., Ltd. (CRRGC), a centrally administered state-owned enterprise, announced the nationwide expansion of its secure mobile phone recycling and disposal demonstration program to provincial capital cities.
    This marks the official launch of a nationwide network for confidential electronic carrier disposal, integrating recycling, disassembly and smelting into a unified system, according to the company.
    As a national leader in the circular economy, CRRGC has focused on constructing a secure electronic waste disposal system since its establishment in October 2024. Following trial operations in the cities of Tianjin and Shantou starting Jan. 18, the project is now expanding nationwide.
    Industry data estimates that China has several billion idle mobile phones, with over 400 million devices becoming idle each year.
    Liu Yu, chairman of CRRGC, emphasized the untapped potential of these “drawer phones,” noting that their data security and privacy risks necessitate specialized handling during recycling.
    Starting Thursday, users in provincial capitals in China can access the “worry-free chip destruction” WeChat mini-program to schedule either on-site phone destruction or confidential mail-in recycling.
    Devices processed at CRRGC’s Shantou facility undergo professional disassembly, mechanical crushing, and smelting under real-time monitoring and full-process traceability, according to CRRGC. Advanced physical shredding and pyrometallurgical technologies enable the safe extraction of precious metals while ensuring personal data security and material reuse.
    Liu said that this system creates a replicable, scalable commercial model for nationwide confidential electronic carrier disposal and resource recovery.
    In addition, through a partnership with China Post, CRRGC has built a closed-loop industrial chain that includes front-end collection, secure mid-process destruction, and high-value terminal processing.
    Plans are underway to expand this model to include computers, hard drives, and other electronics, with the goal of establishing national platforms for end-stage e-waste recycling and secondary trading, according to the company. 

    MIL OSI China News –

  • MIL-OSI China: US’ reciprocal tariffs spark global backlash

    Source: China State Council Information Office 3

    U.S. President Donald Trump’s announcement of new reciprocal tariffs on imports from all trading partners has drawn backlash from countries around the world, with countermeasures already pledged by some.

    The universal tariffs imposed by the United States — a 10-percent “minimum baseline tariff” to be imposed on all imports — will take effect on April 5, and the “individualized reciprocal higher tariff” on the countries and regions with which the United States “has the largest trade deficits” will take effect on April 9, according to a White House document.

    “Resentment Day”

    On social media platform X, Czech Minister of Industry and Trade Lukas Vlcek called Trump’s new tariffs a “mistake.” Also, Manfred Weber, the leader of the European People’s Party and a member of the European Parliament, called April 2 — the new tariff announcement day dubbed by Trump as “liberation day” for the United States — as “resentment day.”

    “Donald Trump’s tariffs don’t defend fair trade: They attack it out of fear and hurt both sides of the Atlantic,” he said.

    European Commission President Ursula von der Leyen on Wednesday expressed deep regret over the U.S. move in a statement, calling it “a major blow to the world economy,” and warned against a devastating impact. “The global economy will massively suffer,” she said. “Uncertainty will spiral and trigger the rise of further protectionism. The consequences will be dire for millions of people around the globe.”

    Spanish Economy Minister Carlos Cuerpo on Thursday said the United States’ new tariffs are “unfair and unjustified” in an interview with radio station RNE, adding that the Spanish government will take action to protect companies and consumers from the effects of the tariffs.

    Speaking to local media on Thursday morning, British Business and Trade Secretary Jonathan Reynolds said he is “disappointed” by the additional tariffs imposed on Britain, noting the 10-percent tariff is not a “fair reflection of how we currently trade.”

    In Asia, Japan’s Chief Cabinet Secretary Yoshimasa Hayashi on Thursday expressed “serious concern” about the U.S. decision to impose reciprocal tariffs, saying the new tariffs could have a “big negative impact” on the global economy and the multilateral trade system.

    South Korean Prime Minister Han Duck-soo, who is serving as acting president following the impeachment of President Yoon Suk-yeol, told an emergency meeting on economic security in Seoul: “As the global tariff war is coming to a reality, the government should pour out all of its capabilities to overcome a trade crisis.”

    The German Institute for Economic Research in a statement issued on Wednesday ahead of Trump’s new tariffs announcement warned that the United States has made a significant departure from multilateralism in its trade policy. The introduction of new, extensive tariffs poses a serious threat to global supply chains.

    Grave concerns among businesses

    Business leaders in Britain voiced concerns on Wednesday that the new tariffs on their exports, even at 10 percent, could weigh heavily on British industries. Rain Newton-Smith, chief executive of the Confederation of British Industry (CBI), said: “There are no winners in a trade war. Today’s announcements are deeply troubling for businesses and will have significant ramifications around the world.”

    The Federation of Small Businesses (FSB) believed small exporters in the country would be hard hit, as 59 percent of them trade with the United States. “Tariffs will cause untold damage to small businesses trying to trade their way into profit,” said Tina McKenzie, the FSB’s policy chair.

    The Manufacturers Association of Israel (MAI) said in a statement Thursday that the United States imposing a 17-percent tariff on imports from Israel is worrying. “The decision of the U.S. President to apply the tariff policy to Israel could harm Israel’s economic stability, deter foreign investment in the economy, and weaken the competitiveness of Israeli companies in the U.S. market,” it said in a statement.

    On Tuesday, Israel announced the lifting of all tariffs imposed on imports from the United States, but the move failed to avert the new tariffs imposed by the United States.

    Countermeasures pledged

    In Paris, French government spokesperson Sophie Primas said on Thursday the European Union (EU) is ready for a trade war, with retaliatory tariffs to be imposed on all goods and service products from the United States by the end of April.

    The initial levies in retaliation to the U.S. tariffs on EU steel and aluminum products would be put in place around mid-April, and the tariffs targeting all American imports are expected to be ready probably by the end of April, she said when speaking to the broadcaster RTL on Wednesday.

    In response to the U.S. tariffs, Britain’s Prime Minister Keir Starmer told business leaders gathering at 10 Downing Street on Thursday morning that the close ally of the United States is “prepared.” “Decisions we take in the coming days and weeks will be guided only by our national interest. In the interest of our economy,” Starmer said.

    On Wednesday before Trump’s announcement of the new tariffs, Italian Prime Minister Giorgia Meloni reiterated her call for negotiations to avoid a trade war with the United States, while signaling a shift away from her previous opposition to European retaliatory tariffs.

    “We must work in every way to avert a trade war,” she said during a cultural event. “But this obviously does not rule out considering appropriate responses to defend our industries if necessary.”

    In Brazil, the National Congress passed legislation allowing the South American country to impose reciprocal trade and environmental measures in response to foreign restrictions, on Wednesday just hours after Trump’s announcement of the sweeping tariffs.

    MIL OSI China News –