Category: Economy

  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: PROMOTION OF TRADITIONAL TEXTILES

    Source: Government of India (2)

    Posted On: 21 MAR 2025 12:17PM by PIB Delhi

    The Government has taken various steps to preserve and promote traditional textile Industry of Handlooms. Design Resource Centres have been set up in Weavers’ Service Centres at Kolkata, Delhi, Mumbai, Varanasi, Ahmedabad, Jaipur, Bhubaneswar, Guwahati, Kancheepuram, Bengaluru, Chennai, Hyderabad, Indore, Meerut, Nagpur and Panipat to preserve traditional handloom designs, and to build and create design-oriented excellence in the Handloom Sector.

    Ministry of Textiles is also seeking protection of traditional designs and patterns under the Geographical Indication (GI) Act, 1999. This Ministry provides financial assistance for registering the designs/products under the GI Act and for organizing seminars, workshops etc., for awareness creation.

    Several States, including, West Bengal are rich in traditional textiles of Handlooms.

    An all-India census was conducted in the year 2019 to determine number of Handloom Weavers, and ascertain the areas rich in traditional textiles i.e. Handlooms.

    To promote the Handloom sector, Ministry of Textiles is implementing the following schemes across the country:

    1. National Handloom Development Programme;
    2. Raw Material Supply Scheme;

    Under the above schemes, financial assistance is provided to the eligible handloom agencies/weavers for raw materials, common infrastructure development, marketing of handloom products in domestic/overseas markets, Weaver MUDRA Loans etc.

    In addition to the above,

    • Under Weaver MUDRA/Concessional Credit Scheme, margin money assistance at 20% of the loan amount subject to a maximum of Rs. 25,000/- for individual weaver/Weaver Entrepreneur and Rs. 20 lakh for Handloom Organizations, interest subvention upto 7% and credit guarantee fees on loans for a period of three years are provided.
    • Steps have been taken to on-board weavers and artisans on Government e-Market (GeM) place to enable them sell their products directly to various Government Departments and organizations. So far about 1.50 lakh weavers have been on-boarded on the GeM portal.
    • Weavers are facilitated to sell their products online through indiahandmade portal and 23 e-commerce platforms have been associated by Ministry of Textiles under a policy framework.
    • For export promotion of handloom products, Handloom Export Promotion Council has been organizing International Fairs.  During the year 2023-24, various international marketing fairs/events have been organised.  Besides, domestic marketing events were also organised in different parts of the country for the weavers to market and sell their products.
    • To enhance productivity, marketing capabilities and ensure better incomes, 160 Handloom Producer companies have been formed in different States.

    Funds are not allocated State-wise. The funds are released based on receipt of proposals from the State Governments and other Handloom organisations.

    This information was provided by THE MINISTER OF STATE FOR TEXTILES SHRI PABITRA MARGHERITA in a written reply to a question in Lok Sabha today.

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    DHANYA SANAL K

    (Lok Sabha US Q2979)

    (Release ID: 2113537) Visitor Counter : 29

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: INVESTMENTS IN TEXTILE SECTOR

    Source: Government of India (2)

    Posted On: 21 MAR 2025 12:16PM by PIB Delhi

    As per Annual Survey of Industries (ASI) data, invested capital in manufacturing of textiles and manufacturing of apparels in 2000-01 was Rs. 66,45,908 lakh while the corresponding figure for 2021-22 was Rs. 3,15,10,814 lakh. The share of total invested capital in the textile sector was of the total manufacturing sector for 2000-01 was 11.60% while the corresponding figure for 2021-22 was 5.68%. The total invested capital for the year 2022-23 as per ASI data is Rs. 3,65,07,663 lakh.

    Exports is a function of demand and supply and depends on a large number of factors such as global demand, order flow, logistics etc. Further, Export of Textiles & Apparel (T&A) Including Handicrafts for FY 2023-24 and April-December 2024 for FY 2024-25 is as under:

     

     (Value in USD Million)

    Commodity

    FY 2023-24

    FY (2024-25) Apr-Dec 2024

    Total T&A including Handicrafts

    35,874

    27,430

    % Share in Total Exports

    8.21%

    8.5%

     

    In order to promote growth and development of the textile sector including exports, the Government is implementing various schemes/initiatives including PM-MITRA, Scheme for Integrated Textile Park (SITP), Integrated Processing Development Scheme (IPDS), Production Linked Incentive (PLI) Scheme, National Technical Textiles Mission (NTTM), SAMARTH Scheme for Capacity Building in Textile Sector ATUFS, Silk Samagra-2, National Handloom Development Program (NHDP) and National Handicraft Development Program (NHDP) etc.

    To boost textile and apparel exports, the Government provides financial support under Market Access Initiative Scheme to various Export Promotion Councils and Trade Bodies engaged in promotion and branding of textiles and garments exports, for organizing and participating in trade fairs, exhibitions buyer-seller meets etc. at national and international levels. Besides, the Government is implementing scheme for Rebate of State and Central Taxes and Levies (RoSTCL) on exports of Apparel/Garments an Made-ups to boost export of textiles products.

    This information was provided by THE MINISTER OF STATE FOR TEXTILES SHRI PABITRA MARGHERITA in a written reply to a question in Lok Sabha today.

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    DHANYA SANAL K

    (Lok Sabha US Q2877)

    (Release ID: 2113535) Visitor Counter : 27

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: IMPROVING TEXTILE EXPORTS

    Source: Government of India (2)

    Posted On: 21 MAR 2025 12:15PM by PIB Delhi

    India is ranked among the top textile exporting countries in the world with a share of approx. 4% of global textiles and apparel exports. The export of Textile & Apparel including Handicrafts has increased by 7% in April-December 2024 with respect to same period previous year.  Major textile and apparel export destinations for India are USA, EU and UK with around 53% share in total textile and apparel exports in FY 2023-24.

    The Government is implementing various schemes/initiatives to promote Indian textiles. The major schemes/initiatives include PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks Scheme to create a modern, integrated, world class textile infrastructure; Production Linked Incentive (PLI) Scheme focusing on MMF Fabric, MMF Apparel and Technical Textiles to boost large scale manufacturing and enhancing competitiveness; National Technical Textiles Mission focusing on Research Innovation & Development, Promotion and Market Development; SAMARTH – Scheme for Capacity Building in Textile Sector with the objective providing demand driven, placement oriented, skilling program; Silk Samagra-2 for comprehensive development of sericulture value chain; National Handloom Development Program for end to end support for handloom sector. Ministry of Textiles is also implementing National Handicrafts Development Programme and Comprehensive Handicrafts Cluster Development Scheme for promotion of handicrafts.

    The Indian textiles industry is one of the largest in the world with a large raw material base of natural fibre including cotton, silk, wool, jute as well as manmade fibre and manufacturing strength across the value chain from fibre to fabric to garments.

    With a view to ensure a consistent supply of cotton in the country and have a sustained interest of farmers in cotton cultivation, Government of India is declaring Minimum Support Price (MSP) of cotton every year. This mechanism ensures that farmers receive a fair remunerative price for their produce in the event market prices of cotton falls below the MSP rates and also facilitates the availability of cotton at competitive prices.

    With effect from 20th February 2024, the custom duty on Extra-Long Staple (ELS) Cotton has been reduced to NIL. Under the India-Australia ECTA, 51,000 tonnes of duty free ELS Cotton can be imported since Dec 29, 2022.

    In order to increase the export potential, India has so far signed 14 Free Trade Agreements (FTAs) including recently concluded agreement with UAE, Australia and TEPA with EFTA countries comprising Switzerland, Iceland, Norway & Liechtenstein; and 6 Preferential Trade Agreements (PTAs) with various trading partners.

    The Government is also implementing Rebate of State and Central Taxes and Levies (RoSCTL) scheme for Apparel/Garments and Made-ups in order to enhance competitiveness by adopting principle of zero rated exports. Further, textiles products not covered under the RoSCTL scheme are covered under Remissions of Duties and Taxes on Exported Products (RoDTEP) along with other products. In addition, Government provides financial support to various Export Promotion Councils and Trade Bodies under Market Access Initiative Scheme implemented by Department of Commerce for organising and participating in trade fairs, exhibitions, buyer-seller meets etc at national and international levels to boost export.

    With a view to boost technical textiles sector in the country, National Technical Textiles Mission (NTTM) was launched for a period from 2020-21 to 2025-26. The mission focusses on fundamental research in thrust areas of speciality fibre like Carbon Fibre, Aramid Fibre, Nylon Fibre, and Composites & application-based research in geotextiles, agro-textiles, medical textiles, mobile textiles and sports textiles and development of biodegradable technical textiles. For research in sustainable & biodegradable technical textiles, projects have been approved for research in non-conventional natural fibres like, Milk Weed, Bamboo Fibre, etc.

    As far as innovation in textiles sector is concerned, Ministry of Textiles has conducted an Innovation Challenges in collaboration with Startup India & DPIIT. In this challenge, 9 winners were recognised and awarded and Incubation opportunity to 6 awardees were given through this Atal Innovation Mission (AIM). Apart from this, 3 separate innovations challenges were conducted by nature fibre boards on their respective problem statements i.e.

    • NJB Technological Innovation Grand Challenge in which 3 winners were recognised and awarded out of 125 applicants.
    • CSB Start-up Grand Challenge in which 4 winners were recognised and awarded out of             58 applicants.
    • CWDB Wool Innovation Challenge in which 3 winners were recognised and awarded out of     24 applicants.

    17 of the above-mentioned winners are directly engage activities such as textile waste recycling, bio-based fibres or sustainable garment production.

    The Government is regularly monitoring exports and imports and engaging with the industry in this regard. The Government has imposed Minimum Import Price of USD 3.50 per kg on Harmonized System of Nomenclature (HSN) codes under the heading 6,006, in order to control import of low rate and low-quality knitted fabrics. In the budget announcement, custom duty was revised on HSN under heading 6,006. Various QCOs have been imposed to curb imports of low-quality non-standard goods which allows protection to domestic producers.

    This information was provided by THE MINISTER OF STATE FOR TEXTILES SHRI PABITRA MARGHERITA in a written reply to a question in Lok Sabha today.

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    DHANYA SANAL K

    (Lok Sabha US Q2873)

    (Release ID: 2113532) Visitor Counter : 23

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: WOMEN WEAVERS

    Source: Government of India (2)

    Posted On: 21 MAR 2025 12:15PM by PIB Delhi

    As per 4thAll India Handloom Census 2019-20, there are 2,11,327 women weavers in the State of Manipur.

    Women weavers play a vital role in the handloom sector. In order to encourage them, the Ministry of Textiles provides additional incentives to them to sustain and augment their business. Some of the benefits provided to the women weavers across the country including Manipur are:

    • Under schemes of handloom sector, preference is given to programmes which have weavers from women category.
    • There is 100% subsidy to BPL/SC/ST/Women/Transgender/Differently-abled weavers for construction of work sheds under National Handloom Development Programme.
    • Since 2016, Kamladevi Chattopadhyay Award has been instituted specifically for women weavers.

    Besides, Ministry of Textiles is implementing central sector schemes such as (i) National Handloom Development Programme (NHDP) and (ii) Raw Material Supply Scheme (RMSS) to promote handlooms and for welfare of handloom weavers including women weavers of Manipur across the country. Under these schemes, financial assistance is provided to eligible handloom agencies/weavers for raw materials, procurement of upgraded looms & accessories, solar lighting units, construction of workshed, skilling, product & design development, technical and common infrastructure, marketing, concessional loans under weavers’ MUDRA scheme and social security etc.

    Weavers’ Service Centre, Imphal is catering to upgrade skills of handloom weavers in Manipur.

    The following 3 Handloom products from the State of Manipur have been registered under Geographical Indication (GI) Act 1999:

    Sl. No.

    Name of Handloom Product

    Registration date

    1

    Shaphee Lamphee

    31.03.2014

    2

    Wangkhei Phee

    31.03.2014

    3

    Moirang Phee

    31.03.2014

     

    Three Handloom products of Manipur viz. Manipur Lashing phee, Manipur Leirum phi and Manipur Tangkhul Handloom shawl (Changkhom, Raivat Kachon) have been identified for registration under the Act.

    This information was provided by THE MINISTER OF STATE FOR TEXTILES SHRI PABITRA MARGHERITA in a written reply to a question in Lok Sabha today.

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    DHANYA SANAL K

    (Lok Sabha US Q2830)

    (Release ID: 2113533) Visitor Counter : 23

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: The World is looking towards India and India presents a significant competitive advantage: Shri Jayant Chaudhary

    Source: Government of India

    Posted On: 20 MAR 2025 9:14PM by PIB Bhubaneshwar

    The National Institute for Entrepreneurship and Small Business Development (NIESBUD), under the aegis of Ministry of Skill Development and Entrepreneurship successfully concluded its two-day Capacity Building Workshop titled “Catalyzing Entrepreneurial Growth: Enhancing Financial Inclusion, Market Access, and Digital Competence” on March 20, 2025.

    The workshop brought together a diverse group of participants who engaged in insightful discussions on overcoming barriers to entrepreneurship, such as limited access to finance, market constraints, and low adoption of digital tools. Expert-led panel discussions and practical facilitation sessions provided valuable insights into leveraging government financial schemes, institutional credit options, venture capital investments, and alternative financing models to support business expansion.

    The valedictory session of the workshop commenced in the august presence of Shri Jayant Chaudhary, Hon’ble Minister of State (I/C), for Skill Development and Entrepreneurship and Minister of State for Education, Government of India as the Chief Guest and Shri Sampad Chandra Swain, Minister of State (Independent Charge) for Industries, Skill Development and Technical Education, Government of Odisha as the guest of honor. Shri Atul Kumar Tiwari, Secretary, MSDE, Government of India and Shri Manoj Ahuja, Chief Secretary, Government of Odisha also addressed the entrepreneurs during the session.

    Shri Jayant Chaudhary, Hon’ble Minister of State (I/C), for Skill Development and Entrepreneurship, and Minister of State for Education, Government of India, during his address, said “The world is eyeing India for the quality of its products, its citizens, and its businesses, which presents a significant competitive advantage. Our industries must focus on product quality to distinguish themselves globally. To achieve this, industries need to invest in entrepreneurs and support them in every possible way for our economy to progress. Our recent Union Budget 2025 has emphasized initiatives targeting women and underserved categories, with loan sanctions of around ₹10,000 crore under the Fund of Funds (FoF) made accessible for them to embark on their entrepreneurial journeys. The government has implemented various schemes to assist citizens in pursuing their dreams, but these will only be effective if we learn to utilize them as our right.

    This two-day training session will catalyze the entrepreneurial spirit in budding entrepreneurs and help them gain a deeper understanding on the government initiatives, financial literacy, market access, and digital competence.”

    The workshop was attended by more than 100 entrepreneurs from Odisha, Bihar, Jharkhand, and Chhattisgarh with most of the entrepreneurs being trained under the SANKALP programme of Ministry of Skill Development and Entrepreneurship. The attendees reported significant gain in their understanding of financial management and funding opportunities. The participants were provided with actionable roadmaps for scaling their ventures and strengthened networks that will aid them in navigating the entrepreneurial landscape. The entrepreneurs were also felicitated by the Shri Jayant Chaudhary during the valedictory session.

    The two-day workshop was structured with engaging panel discussions and practical sessions that focused on enhancing the entrepreneurial ecosystem through capacity building of the budding entrepreneurs. The first panel, Building a Strong Entrepreneurial Ecosystem – Challenges & Opportunities, included insights from Shri Durga Prasad Gouda, CEO of Atal Incubation Centre, NIT; Shri Sudhanshu Mohanty, Senior Vice President of the Orissa Chambers of Commerce; Ms. Surekha Routray, Founder & CEO of Aashdit Nutritech Pvt Ltd; and Shri Rashmi Ranjan, Managing Partner of Autosave Startup Studio.

    The second panel, Strengthening Entrepreneurial Ecosystem – Access to Finance, Credit Linkages and Government Schemes, that featured Shri Deepak Anand, IAS, Secretary cum CEO of Bihar Skill Development Mission; Prof. Mahadeo P. Jaiswal, Director of IIM Sambalpur; and Shri Nigam Das, Deputy CEO of Odisha Rural Development and Marketing Society (ORMAS), created awareness of government schemes and the ways in which they can be leveraged by the entrepreneurs to grow their businesses. The panels were moderated by Dr. Poonam Sinha, Director, NIESBUD.

    An additional session on Digital Growth Strategies led by Shri Anuj Kumar from GeM and Shri Sasank Patro from Sabhvasha Retail Tech Pvt Ltd., provided actionable insights to the entrepreneurs on utilizing platforms like GeM and ONDC for market expansion and a third panel engaged in conversations on Credit Linkages & Financial Inclusion, featuring Smt. Shubha Sharma, IAS, Principal Secretary, Women and Child Development, Govt. of Odisha and other financial experts who offered guidance on accessing government-backed financial schemes essential for entrepreneurs’ growth.

    A Memorandum of Understanding was also exchanged between NIESBUD and IIM Sambalpur with the objective of furthering the entrepreneurial climate in the state of Odisha.

    The initiative aligns with India’s vision for Atmanirbhar Bharat by promoting inclusive entrepreneurship that is digitally enabled. A follow-up mechanism will be established to track the implementation of learnings from the workshop and assess their impact on entrepreneurship development in the region.

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    PIB Bhubaneshwar | AKM/SSP/PKC

    (Release ID: 2113465) Visitor Counter : 43

    Read this release in: Odia

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  • MIL-OSI Europe: Oral question – Energy-intensive industries – O-000010/2025

    Source: European Parliament

    Question for oral answer  O-000010/2025
    to the Commission
    Rule 142
    Giorgio Gori, Wouter Beke, Jana Nagyová, Mariateresa Vivaldini, Brigitte van den Berg, Benedetta Scuderi
    on behalf of the Committee on Industry, Research and Energy

    Energy-intensive industries (EIIs) are the backbone of the European economy and play a key role in job creation, especially in areas and regions where they are concentrated. They are crucial for reinforcing the EU’s strategic autonomy and competitiveness and for advancing the decarbonisation of our economy, as outlined by the Clean Industrial Deal. EIIs are currently faced with significant challenges: high and volatile energy prices, the complex transition towards clean and efficient production processes, unnecessary administrative burdens, the lack of adequate public and private investment, the EU’s dependencies and its limited access to primary and secondary raw materials, together with the lack of a functioning circular economy, unfair competition from non-EU countries and the impact of the transition on regions and workers across the EU.

    • 1.What further action is the Commission considering to implement the electricity market design, especially to promote power purchase agreements and two-way contracts for difference, and to implement urgent measures to address existing barriers? Will the Commission bring forward the analysis of the short-term markets to 2025 to assess additional ways to decouple fossil fuel prices from electricity prices, including with the aim of boosting long-term contracts in line with the electricity market design and the affordable energy action plan, and to transfer the affordable cost of renewable energy sources to energy consumers, in particular EIIs? How will the Commission enhance the transparency of energy and CO2 markets?
    • 2.How does the Commission plan to increase public and private investment in the decarbonisation of EIIs in the short term? Will the Commission consider increasing funding in the upcoming multiannual financial framework and will it develop specific measures directed at EIIs, including SMEs?
    • 3.How will the industrial decarbonisation accelerator act simplify and favour the decarbonisation of EIIs, including speeding up the permitting process?
    • 4.What concrete steps will the Commission take to make recycling critical raw material waste within the EU more attractive than exporting it, considering its economic and environmental importance? This would reduce EU dependence on external suppliers and increase resource efficiency and the availability of secondary raw materials, such as steel and metal scrap, in quantity and quality, which are essential to decarbonise our industry.
    • 5.What concrete steps will the Commission take to monitor, in a timely manner, the effectiveness of the Carbon Border Adjustment Mechanism, taking into account the impact of the parallel phaseout of the emission trading system free allowances, and to implement solutions for EU exporters and avoid any form of circumvention practices to ensure a level playing field, in particular for EIIs?
    • 6.What kind of permanent solution is the Commission considering to urgently address structural subsidised overcapacities, which put our industries at a competitive disadvantage?
    • 7.Will the Commission issue recommendations to tie public funding supporting the anticipation and management of change and the industrial transition to the commitment to safeguard employment and working conditions in the EU and prevent offshoring?

    Submitted: 19.3.2025

    Lapses: 20.6.2025

    Last updated: 21 March 2025

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  • MIL-OSI Europe: Croatian businesses to get financing support with €100 million EIB loan to PBZ

    Source: European Investment Bank

    EIB

    • EIB lends €100 million to Croatian bank PBZ to boost financing for range of businesses
    • Credit aimed at bolstering small enterprises and climate action in Croatia
    • Focus on company projects that promote clean energy

    The European Investment Bank (EIB) is lending the Croatian bank Privredna Banka Zagreb (PBZ), part of the Intesa Sanpaolo Group, €100 million to expand financing for a range of businesses in the country. The EIB lending to PBZ will enable it to increase loans to Croatian small and medium-sized enterprises (SMEs) and Mid-Caps.

    The goal of the operation is to strengthen business competitiveness and green investments in Croatia. At least 70% of the loan will be allocated to SMEs and a minimum 20% will be dedicated to projects that advance climate action and environmental sustainability, with a focus on energy efficiency and renewable-energy production.

    The EIB loan will be disbursed in stages over the coming three years, beginning with a first tranche of €50 million signed today. The entire operation will be implemented in Croatia, fully contributing to the European Union’s aim to foster regional cohesion.

    “This new financing operation will further strengthen our cooperation with PBZ and Intesa Sanpaolo Group and help Croatian businesses access funding they need to grow,” said EIB Vice-President Teresa Czerwińska. “By dedicating a significant portion of the loan to climate-friendly investments and women entrepreneurs, we are supporting companies’ sustainability efforts and strengthening economic resilience in Croatia.”

    An allocation of 10% of the loan to support women-owned and women-run businesses is included on a best-effort basis, reflecting the EIB’s commitment to fostering gender equality in company finance.

    “We are very pleased to continue to further strengthen our long-standing successful cooperation with the EIB with the aim of bolstering competitiveness and resilience of the Croatian economy. Specifically, through this cooperation we will actively support our clients and sustainable projects, particularly those with a green component that are focused on energy efficiency and renewable energy production, placing strong emphasis on ESG aspects, which is also our strategic commitment,” said Dinko Lucić, President of the Management Board of PBZ.

    The new loan resumes EIB lending activity to PBZ totalling around €200 million over the past 10 years. In November 2024, PBZ also signed a €100 million guarantee agreement with the EIB to support the financing and investment needs of Croatian Mid-Caps.

    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.

    Privredna Banka Zagreb (PBZ) is part of the Intesa Sanpaolo Group, one of the largest banking groups in Europe. PBZ is the second-largest bank and financial group in Croatia by assets, with a market share of around 20 per cent in various operating segments, continuously developing innovative products and services for retail, corporate and SME clients.  PBZ is also a centre of excellence for many areas of banking within the International Banks Division of Intesa Sanpaolo. It, therefore, became a regional banking hub following the acquisition of the majority stakes of Intesa Sanpaolo banks in Bosnia and Herzegovina and Slovenia.

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  • MIL-OSI Europe: Answer to a written question – Impact of the proposed limit on total chromium in ABP fertilisers – risks to the circular economy and the EU agricultural sector – E-003073/2024(ASW)

    Source: European Parliament

    1. The Commission has not yet taken a decision on the safety criteria needed for EU fertilising products containing materials derived from animal by products (ABPs) because the scientific assessment to determine the necessary safety criteria is not yet finalised, including for possible limits on chromium content. The assessment covers multiple types of materials, and many consultations have been carried out to collect the latest scientific evidence available.

    2. The way fertilising products are regulated allows manufacturers to choose between national rules or EU rules for marketing their products. The inclusion of new materials derived from ABPs in the Fertilising Products Regulation[1] (FPR) will not change national rules but will create new opportunities for the industry to trade their products more easily across the EU and increase the offer for farmers.

    3. The Commission is fully committed to implement the circular economy in the field of fertilising products. However, in accordance with its empowerment, the Commission may only include new materials in the FPR for which there is scientific evidence that they do not present a risk to human, animal or plant health, to safety or to the environment. Therefore, the Commission will take into account the circular economy principles but also the risks associated with the use of these materials in its decision making.

    • [1] Regulation (EU) 2019/1009 of the European Parliament and of the Council of 5 June 2019 laying down rules on the making available on the market of EU fertilising products and amending Regulations (EC) No 1069/2009 and (EC) No 1107/2009 and repealing Regulation (EC) No 2003/2003, OJ L 170, 25.6.2019, p. 1-114, http://data.europa.eu/eli/reg/2019/1009/oj
    Last updated: 21 March 2025

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  • MIL-OSI Europe: Written question – Beneficiaries and amounts invested under the MediaInvest instrument? – E-000858/2025

    Source: European Parliament

    Question for written answer  E-000858/2025/rev.1
    to the Commission
    Rule 144
    Emma Rafowicz (S&D)

    Officially launched on 20 May 2022 at the European Film Forum during the Cannes Film Festival, the MediaInvest financial instrument is intended to increase investment in European audiovisual production and distribution companies by helping them ‘preserve their autonomy and increase their capacities’. It aims to mobilise up to EUR 400 million in private investment over a seven-year period.

    MediaInvest’s first equity investment of up to EUR 25 million was announced in September 2023. It went to French investment fund Logical Content Ventures, which was able to clarify its approach at the Berlinale.

    Since 2023, the Commission has not provided precise information on the investments performed and the respective beneficiaries, nor has it set out what the future of the instrument will be, making it impossible to judge whether or not the instrument is working properly.

    • 1.With this in mind, is the Commission going to make the full list of beneficiaries and amounts invested since the instrument was launched public?
    • 2.Does the Commission intend to renew the instrument after it comes to an end in 2027?
    • 3.If so, does the Commission intend to introduce a capital condition to prevent non-EU companies from benefiting from the instrument?

    Submitted: 26.2.2025

    Last updated: 21 March 2025

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  • MIL-OSI Europe: Euro area monthly balance of payments: January 2025

    Source: European Central Bank

    21 March 2025

    • Current account recorded €35 billion surplus in January 2025, down from €38 billion in previous month
    • Current account surplus amounted to €408 billion (2.7% of euro area GDP) in the 12 months to January 2025, up from €280 billion (1.9%) one year earlier
    • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €677 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €784 billion in the 12 months to January 2025

    Chart 1

    Euro area current account balance

    (EUR billions unless otherwise indicated; working day and seasonally adjusted data)

    Source: ECB.

    The current account of the euro area recorded a surplus of €35 billion in January 2025, a decrease of €3 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€35 billion), services (€12 billion) and primary income (€ 2 billion). These were partly offset by a deficit for secondary income (€14 billion).

    Table 1

    Current account of the euro area

    Source: ECB.

    Note: Discrepancies between totals and their components may be due to rounding.

    Data for the current account of the euro area

    In the 12 months to January 2025, the current account surplus widened to €408 billion (2.7% of euro area GDP), up from €280 billion (1.9% of euro area GDP) one year earlier. This increase was mainly driven by larger surpluses for goods (up from €296 billion to €380 billion) and for services (up from €122 billion to €163 billion). The primary income surplus (€33 billion) and the secondary income deficit (€168 billion) remained broadly unchanged.

    Chart 2

    Selected items of the euro area financial account

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: For assets, a positive (negative) number indicates net purchases (sales) of non-euro area instruments by euro area investors. For liabilities, a positive (negative) number indicates net sales (purchases) of euro area instruments by non-euro area investors.

    In direct investment, euro area residents made net investments of €90 billion in non-euro area assets in the 12 months to January 2025, following net disinvestments of €333 billion one year earlier (Chart 2 and Table 2). Non-residents disinvested €107 billion in net terms from euro area assets in the 12 months to January 2025, following net disinvestments of €397 billion one year earlier.

    In portfolio investment, euro area residents’ net purchases of non-euro area equity increased to €134 billion and debt securities to €544 billion in the 12 months to January 2025, up from €74 billion and €406 billion, respectively, one year earlier. Non-residents’ net purchases of euro area equity increased to €334 billion and debt securities to €450 billion in the 12 months to January 2025, up from €201 billion and €419 billion, respectively, one year earlier.

    Table 2

    Financial account of the euro area

    Source: ECB.

    Notes: Decreases in assets and liabilities are shown with a minus sign. Net financial derivatives are reported under assets. “MFIs” stands for monetary financial institutions. Discrepancies between totals and their components may be due to rounding.

    Data for the financial account of the euro area

    In other investment, euro area residents recorded net acquisitions of non-euro area assets amounting to €465 billion in the 12 months to January 2025 (up from €131 billion one year earlier), while they recorded net incurrences of liabilities of €128 billion (following net disposals of €272 billion one year earlier).

    Chart 3

    Monetary presentation of the balance of payments

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: “MFI net external assets (enhanced)” incorporates an adjustment to the MFI net external assets (as reported in the consolidated MFI balance sheet items statistics) based on information on MFI long-term liabilities held by non-residents, available in b.o.p. statistics. B.o.p. transactions refer only to transactions of non-MFI residents of the euro area. Financial transactions are shown as liabilities net of assets. “Other” includes financial derivatives and statistical discrepancies.

    The monetary presentation of the balance of payments (Chart 3) shows that the net external assets (enhanced) of euro area MFIs increased by €425 billion in the 12 months to January 2025. This increase was driven by the current and capital accounts surplus and, to a lesser extent, by euro area non-MFIs’ net inflows in portfolio investment equity and debt. These developments were partly offset by euro area non-MFIs’ net outflows in direct investment and other investment.

    In January 2025 the Eurosystem’s stock of reserve assets increased to €1,457.5 billion up from €1,394.0 billion in the previous month (Table 3). This increase was mainly driven by positive price changes (€65.6 billion) which were partly offset by net sales of assets (€1.5 billion) and negative exchange rate changes (€0.6 billion).

    Table 3

    Reserve assets of the euro area

    Source: ECB.

    Notes: “Other reserve assets” comprises currency and deposits, securities, financial derivatives (net) and other claims. Discrepancies between totals and their components may be due to rounding.

    Data for the reserve assets of the euro area

    Data revisions

    This press release does not incorporate revisions to previous periods.

    MIL OSI Europe News

  • MIL-OSI Europe: Highlights – DEVE delegation to the Nutrition for Growth Summit in Paris on 27 – 28 March 2025 – Committee on Development

    Source: European Parliament

    DEVE Committee members will participate in the Nutrition for Growth Summit in Paris on 27 and 28 March to support the Team Europe efforts towards ending malnutrition. DEVE has consistently advocated to mobilize global action to support nutrition, promote food security and build resilient food systems and agriculture. Malnutrition is the leading cause of infant mortality worldwide and addressing it is key to SDG 2 to eradicate hunger and malnutrition.

    As part of the summit, DEVE Committee together with the Generation Nutrition Coalition organise a side event on Thursday 27 March from 19.00 at “Europa Expérience” focused on sustaining and strengthening responses to nutritional crises in fragile and conflict-affected settings. Members will discuss both the financial as well as political commitments that need to be sustained in the fight against malnutrition.

    Composition of the delegation:

    · Mr Barry Andrews DEVE Chair (Renew, IE) ;

    · Ms Leire Pajín (S&D, ES)

    · Ms Murielle Laurent (S&D, FR)

    · Mr Vlad Voiculescu (Renew, RO)

    Malnutrition is responsible for nearly one in two deaths among children under five. Malnutrition, in all its forms – undernutrition, deficiencies, overweight or obesity – is a major global challenge, affecting both developed and developing countries.

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive 2005/44/EC on harmonised river information services (RIS) on inland waterways in the Community – A10-0033/2025

    Source: European Parliament

    DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

    on the proposal for a directive of the European Parliament and of the Council amending Directive 2005/44/EC on harmonised river information services (RIS) on inland waterways in the Community

    (COM(2024)0033 – C9‑0014/2024 – 2024/0011(COD))

    (Ordinary legislative procedure: first reading)

    The European Parliament,

     having regard to the Commission proposal to Parliament and the Council (COM(2024)0033),

     having regard to Article 294(2) and Article Article 91(1) of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C9‑0014/2024),

     having regard to the opinion of the Committee on Legal Affairs on the proposed legal basis,

     having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

     having regard to the opinion of the European Economic and Social Committee of […][1]

     having regard to the opinion of the Committee of the Regions of […][2],

     having regard to Rules 60 and 41 of its Rules of Procedure,

     having regard to the report of the Committee on Transport and Tourism (A10-0033/2025),

    1. Adopts its position at first reading hereinafter set out;

    2.  Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

    3. Instructs its President to forward its position to the Council, the Commission and the national parliaments.

     

     

    Amendment  1

     

    Proposal for a directive

    Recital 1

     

    Text proposed by the Commission

    Amendment

    (1) Directive 2005/44/EC of the European Parliament and of the Council3 establishes a framework for the deployment and use of harmonised river information services (‘RIS’) in the Union. The deployment of RIS on inland waterways supports the safety and efficiency of transport by inland waterways, and ultimately its sustainability, by increasing the efficiency of inland waterways operations.

    (1) Directive 2005/44/EC of the European Parliament and of the Council3 establishes a framework for the deployment and use of harmonised river information services (‘RIS’) in the Union. The deployment of RIS on inland waterways supports the safety, efficiency and sustainability of transport by inland waterways, and ultimately the attractiveness of the sector and of the working conditions of vessel crew members.

    __________________

    __________________

    3 Directive 2005/44/EC of the European Parliament and of the Council of 7 September 2005 on harmonised river information services (RIS) on inland waterways in the Community (OJ L 255, 30.9.2005, p. 152, ELI: http://data.europa.eu/eli/dir/2005/44/oj).

    3 Directive 2005/44/EC of the European Parliament and of the Council of 7 September 2005 on harmonised river information services (RIS) on inland waterways in the Community (OJ L 255, 30.9.2005, p. 152, ELI: http://data.europa.eu/eli/dir/2005/44/oj).

    Amendment  2

     

    Proposal for a directive

    Recital 4

     

    Text proposed by the Commission

    Amendment

    (4) Regulation (EU) 1315/201310 sets up requirements for the development of the trans-European transport network (‘TEN-T’)11 to achieve the smooth functioning of the internal market, and it aims to ensure that the same high-quality services are available and compatible with the systems of other transport modes along this network.

    (4) Regulation (EU) 2024/167910 sets up requirements for the development of the trans-European transport network (‘TEN-T’)11 to achieve the smooth functioning of the internal market, and it aims to ensure that the same high-quality services are available and compatible with the systems of other transport modes along this network.

    __________________

    __________________

    10 Regulation (EU) No 1315/2013 of the European Parliament and of the Council of 11 December 2013 on Union guidelines for the development of the trans-European transport network and repealing Decision No 661/2010/EU (OJ L 348, 20.12.2013, p. 1, ELI: http://data.europa.eu/eli/reg/2013/1315/oj).

    10 Regulation (EU) 2024/1679 of the European Parliament and of the Council of 13 June 2024 on Union guidelines for the development of the trans-European transport network, amending Regulations (EU) 2021/1153 and (EU) No 913/2010 and repealing Regulation (EU) No 1315/2013 (OJ L, 2024/1679, 28.6.2024, ELI: http://data.europa.eu/eli/reg/2024/1679/oj)

    11 The EU’s trans-European transport network policy, the TEN-T policy, is a key instrument for the development of coherent, efficient, multimodal, and high-quality transport infrastructure across the EU. It comprises railways, inland waterways, short sea shipping routes and roads linking urban nodes, maritime and inland ports, airports and terminals.

    11 The EU’s trans-European transport network policy, the TEN-T policy, is a key instrument for the development of coherent, efficient, multimodal, and high-quality transport infrastructure across the EU. It comprises railways, inland waterways, short sea shipping routes and roads linking urban nodes, maritime and inland ports, airports and terminals.

    Amendment  3

     

    Proposal for a directive

    Recital 5

     

    Text proposed by the Commission

    Amendment

    (5) Given that the majority of journeys of inland vessels are of international nature, RIS should be focused on those inland waterways being a part of the TEN-T and thus of high importance for the Union and not only those belonging to an interconnected network. Member States should be able to continue extending, on a voluntary basis, the RIS requirements to parts of their inland waterways network other than those included in the TEN-T to account for national specificities.

    (5) Given that the majority of journeys of inland vessels are of international nature, RIS should be focused on those inland waterways being a part of the TEN-T and thus of high importance for the Union. Member States should be able to continue extending, on a voluntary basis, the RIS requirements to parts of their inland waterways network other than those included in the TEN-T to account for national specificities. Member States should also be able to provide RIS services in a cross-border context by either of the two Member States concerned. The competent Member States’ authorities should cooperate for the purpose of the provision of those RIS services on cross-border inland waterways.

    Amendment  4

     

    Proposal for a directive

    Recital 6

     

    Text proposed by the Commission

    Amendment

    (6) The experience gained from the application of Directive 2005/44/EC showed that it is important to strengthen the technical specifications concerning the provision of data on navigation and voyage planning, in order to improve the quality and timeliness of information provided to RIS users. The European Reference Data Management System (‘ERDMS’) contains necessary information for the proper functioning of RIS and is set up and operated by the Commission. Member States should therefore support the operation of the ERDMS by supplying all the required data in a timely manner and revise and update them as needed at least on a yearly basis.

    (6) The experience gained from the application of Directive 2005/44/EC showed that it is important to strengthen the technical specifications concerning the provision of data on navigation and voyage planning, in order to improve the quality and timeliness of information provided to RIS users. The European Reference Data Management System (‘ERDMS’) provides reference data and code lists necessary for the proper functioning of RIS.

    Amendment  5

     

    Proposal for a directive

    Recital 8

     

    Text proposed by the Commission

    Amendment

    (8) In order for RIS to allow for interconnection with the logistics chain, it is important that information is shared not only within the inland waterway transport users, but also with systems and applications of other modes of transport. The Maritime National Single Windows (‘MNSW’) within the European Maritime Single Window environment (‘EMSWe’)12 should enable harmonised ship reporting across the Union. The exchange of traffic related information, such as arrival and departure times, would ensure interoperability, multimodality, and smooth integration of inland waterway transport with the overall logistics chain. The electronic freight transport information (‘eFTI’) should form the basis for the exchange of cargo information between RIS users where required. When necessary, RIS should create links and exchange information with systems and platforms of other modes of transport.

    (8) In order for RIS to allow for interconnection with the logistics chain, it is important that interfaces are established not only between the inland waterway transport systems, but also with systems and applications of other modes of transport. The Maritime National Single Windows (‘MNSW’) within the European Maritime Single Window environment (‘EMSWe’)12 should enable harmonised ship reporting across the Union in maritime transport. The exchange of traffic related information, such as arrival and departure times, would ensure interoperability, multimodality, and smooth integration of inland waterway transport (IWT) with the overall logistics chain. The electronic freight transport information (‘eFTI’) should form the basis for the exchange of cargo information on dangerous goods and waste between RIS users where required. When necessary, RIS should facilitate links with, and should make information available to, systems and platforms of other modes of transport.

    __________________

    __________________

    12 Regulation (EU) 2019/1239 of the European Parliament and of the Council of 20 June 2019 establishing a European Maritime Single Window environment and repealing Directive 2010/65/EU (OJ L 198, 25.7.2019, p. 64, ELI: http://data.europa.eu/eli/reg/2019/1239/oj.

    12 Regulation (EU) 2019/1239 of the European Parliament and of the Council of 20 June 2019 establishing a European Maritime Single Window environment and repealing Directive 2010/65/EU (OJ L 198, 25.7.2019, p. 64, ELI: http://data.europa.eu/eli/reg/2019/1239/oj.

    Amendment  6

     

    Proposal for a directive

    Recital 9

     

    Text proposed by the Commission

    Amendment

    (9) The exchange of information between inland waterway vessels and inland ports, for example on availability of port installations, operating times, or vessel and cargo information is not always optimal, which impacts the efficiency of IWT operations. Information on the availability of alternative fuel infrastructure in ports is of particular importance in promoting the environmental performance of the sector. In order to simplify and streamline the exchange of such information and improve the overall efficiency of the sector, it is important that such exchanges become part of RIS and that the necessary technical specifications are developed.

    (9) The exchange of information between inland waterway vessels and inland ports, for example on availability of port installations, operating times, or vessel and cargo information is not always optimal, which impacts the efficiency of IWT operations. Information on the availability of alternative fuel infrastructure in ports is of particular importance in promoting the environmental performance of the sector. In order to simplify and streamline the exchange of such information and improve the overall efficiency of the sector, it is important that standardised interfaces are established to become part of RIS and that the necessary technical specifications are developed

    Amendment  7

     

    Proposal for a directive

    Recital 11 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (11a) Cooperation with third countries, in particular neighbouring countries, is relevant in order to ensure connection and interoperability between the RIS Platform and those third countries´ national RIS. Member States should actively seek such cooperation with neighbouring third countries and encourage their involvement in cross-border projects, provided they adhere to the same level of cybersecurity.

    Amendment  8

     

    Proposal for a directive

    Recital 12

     

    Text proposed by the Commission

    Amendment

    (12) In order to ensure the proper and effective application of Directive 2005/44/EC, Member States should ensure that an effective procedure is in place to handle complaints. Member States’ authorities should cooperate when handling complaints involving cross-border elements (for example, incompatible standards in reporting of vessel information), as 75% of inland waterways operations includes international voyages. By analysing the subject matter of the complaints, as well as their frequency and the way and timeliness of their resolution, it can be possible to identify the extent to which the provisions of the Directive are complied with, thus supporting the monitoring of implementation by pointing to areas where implementation can be improved. It is therefore important that this information is collected and reported by the Member States to the Commission an annual basis. Any handling of complaints under this directive should be without prejudice of the competence of supervisory authorities under Union and Member States laws, including Regulation (EU) 2016/67914 and Regulation (EU) 2018/172515 .

    (12) In order to ensure the proper and effective application of Directive 2005/44/EC and to avoid fragmentation and regulatory burden resulting from its uneven application, Member States should ensure that an effective procedure is in place to handle complaints. Where possible, this should be based on existing feedback mechanisms in order to avoid any additional administrative and financial burden. Member States’ authorities should cooperate when handling complaints involving cross-border elements (for example, incompatible standards in reporting of vessel information), as 75% of inland waterways operations includes international voyages. By analysing the subject matter of the complaints, as well as their frequency and the way and timeliness of their resolution, it can be possible to identify the extent to which the provisions of the Directive are complied with, thus supporting the monitoring of implementation by pointing to areas where implementation can be improved. It is therefore important that this information is collected and reported by the Member States to the Commission an annual basis. Any handling of complaints under this directive should be without prejudice of the competence of supervisory authorities under Union and Member States laws, including Regulation (EU) 2016/67914 and Regulation (EU) 2018/172515.

    __________________

    __________________

    14 OJ L 119, 4.5.2016, p. 1.

    14 OJ L 119, 4.5.2016, p. 1.

    15 OJ L 295, 21.11.2018, p. 39.

    15 OJ L 295, 21.11.2018, p. 39.

    Amendment  9

     

    Proposal for a directive

    Recital 14

     

    Text proposed by the Commission

    Amendment

    (14) The requirements and technical specifications for the purposes of RIS should ensure in particular that all RIS data can be processed solely in accordance with a comprehensive, rights-based access-control system that provides assigned functionalities, that all competent authorities can have immediate access to that data in accordance with their respective regulatory competences, that appropriate technical and organisational measures are implemented to ensure that the processing by electronic means of personal data can be carried out in accordance with Regulation (EU) 2016/679 of the European Parliament and of the Council16 and Regulation (EU) 2018/1725 of the European Parliament and of the Council17 , including to protect against personal data breaches and that the processing of sensitive commercial information can be carried out in a way that respects the confidentiality of that information.

    (14) The requirements and technical specifications for the purposes of RIS should ensure in particular that RIS data, which constitute personal data under Regulation (EU) 2016/679 of the European Parliament and of the Council, can be processed solely in accordance with a comprehensive, rights-based access-control system that provides assigned functionalities, that all competent authorities can have immediate access to that data in accordance with their respective regulatory competences, that appropriate technical and organisational measures are implemented to ensure that the processing by electronic means of personal data can be carried out in accordance with Regulation (EU) 2016/679 of the European Parliament and of the Council and Regulation (EU) 2018/1725 of the European Parliament and of the Council , including to protect against personal data breaches and that the processing of sensitive commercial information can be carried out in a way that respects the confidentiality of that information.

    __________________

    __________________

    16 Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46/EC (OJ L 119, 4.5.2016, p. 1, ELI: http://data.europa.eu/eli/reg/2016/679/oj).

    16 Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46/EC (OJ L 119, 4.5.2016, p. 1, ELI: http://data.europa.eu/eli/reg/2016/679/oj).

    17 Regulation (EU) 2018/1725 of the European Parliament and of the Council of 23 October 2018 on the protection of natural persons with regard to the processing of personal data by the Union institutions, bodies, offices and agencies and on the free movement of such data, and repealing Regulation (EC) No 45/2001 and Decision No 1247/2002/EC (OJ L 295, 21.11.2018, p. 39, ELI: http://data.europa.eu/eli/reg/2018/1725/oj).

    17 Regulation (EU) 2018/1725 of the European Parliament and of the Council of 23 October 2018 on the protection of natural persons with regard to the processing of personal data by the Union institutions, bodies, offices and agencies and on the free movement of such data, and repealing Regulation (EC) No 45/2001 and Decision No 1247/2002/EC (OJ L 295, 21.11.2018, p. 39, ELI: http://data.europa.eu/eli/reg/2018/1725/oj).

    Amendment  10

     

    Proposal for a directive

    Recital 15

     

    Text proposed by the Commission

    Amendment

    (15) In order to ensure the safe and optimal navigation of vessels in inland waterways, Member States should be aware of the position of all inland waterway vessels including through the use of automatic identification systems (‘AIS’) data. Member States should also exchange RIS related information to increase the efficiency of RIS and reduce reporting requirements. Where transmission and exchange of RIS related information for these purposes cannot be achieved without processing of personal data, Member States should ensure the lawfulness of the processing of those personal data in accordance with Regulation (EU) 2016/679.

    (15) In order to ensure the safe and optimal navigation of vessels in inland waterways, Member States should be aware of the position of all inland waterway vessels including through the use of automatic identification systems (‘AIS’) data. Member States should also exchange RIS related information to increase the efficiency of RIS and reduce reporting requirements. Where transmission and exchange of RIS related information for these purposes cannot be achieved without processing of personal data, such as the processing of names or the processing of location data, which allows to identify directly or indirectly a person, Member States should ensure the lawfulness of the processing of those personal data in accordance with Regulation (EU) 2016/679 and Directive 2002/58/EC, where applicable.

    Amendment  11

     

    Proposal for a directive

    Recital 26

     

    Text proposed by the Commission

    Amendment

    (26) The European Data Protection Supervisor was consulted in accordance with Article 42(1) of Regulation (EU) 2018/1725 of the European Parliament and of the Council and delivered an opinion on [XX XX 2024]22 .

    (26) The European Data Protection Supervisor was consulted in accordance with Article 42(1) of Regulation (EU) 2018/1725 of the European Parliament and of the Council and delivered an opinion on 20 March 2024

    __________________

    __________________

    22 OJ C […], […], p. […].

    22 OJ C […], […], p. […].

    Amendment  12

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 1

    Directive 2005/44/EC

    Article 1 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. This Directive provides a framework for the establishment and further development of technical requirements, specifications and conditions to ensure harmonised, interoperable and open RIS on the Union inland waterways and ensure continuity with other modal traffic management services, in particular maritime vessel traffic management and information services.

    2. This Directive provides a framework for the establishment and further development of technical requirements, specifications and conditions to ensure harmonised, interoperable and open RIS on the Union inland waterways and facilitate continuity with other modal traffic management services, through the use of standardised interfaces.

    Amendment  13

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 2

    Directive 2005/44/EC

    Article 2 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. This Directive applies to the implementation and operation of RIS on all inland waterways and inland ports of the Member States which are part of the trans-European transport network, as specified and listed in Annex I and II to Regulation (EU) No 1315/2013 of the European Parliament and of the Council23 .

    1. This Directive applies to the implementation and operation of RIS on all inland waterways and inland ports of the Member States which are part of the trans-European transport network, as specified and listed in Annex I and II to Regulation (EU) No 2024/1679 of the European Parliament and of the Council23 and which are directly connected to inland waterways and inland ports of another Member State, which are part of the trans-European transport network, as specified and listed in Annexes I and II to Regulation (EU) No 2024/1679 of the European Parliament and of the Council.

    __________________

    __________________

    23 Regulation (EU) No 1315/2013 of the European Parliament and of the Council of 11 December 2013 on Union guidelines for the development of the trans-European transport network and repealing Decision No 661/2010/EU (OJ L 348, 20.12.2013, p. 1, ELI: http://data.europa.eu/eli/reg/2013/1315/oj).

    23 Regulation (EU) 2024/1679 of the European Parliament and of the Council of 13 June 2024 on Union guidelines for the development of the trans-European transport network, amending Regulations (EU) 2021/1153 and (EU) No 913/2010 and repealing Regulation (EU) No 1315/2013 (OJ L, 2024/1679, 28.6.2024, ELI: http://data.europa.eu/eli/reg/2024/1679/oj).

    Amendment  14

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 3

    Directive 2005/44/EC

    Article 3 – paragraph 1 – point ha

     

    Text proposed by the Commission

    Amendment

    (ha) ‘trans-European transport network’ (TEN-T) means inland waterways as defined in Annex I of Regulation (EU) 1315/2013;

    (ha) ‘trans-European transport network’ (TEN-T) means inland waterways as defined in Annex I of Regulation (EU) 2024/1679;

    Amendment  15

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 3

    Directive 2005/44/EC

    Article 3 – paragraph 1 – point hb

     

    Text proposed by the Commission

    Amendment

    (hb) ‘electronic freight transport information’ (eFTI) means electronic freight transport information as defined in Article 3(4) of Regulation (EU) 2020/1056 of the European Parliament and of the Council24 ;

    deleted

    __________________

     

    24 Regulation (EU) 2020/1056 of the European Parliament and of the Council of 15 July 2020 on electronic freight transport information (OJ L 249, 31.7.2020, p. 33, ELI: http://data.europa.eu/eli/reg/2020/1056/oj).

     

    Amendment  16

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 3

    Directive 2005/44/EC

    Article 3 – paragraph 1 – point hc

     

    Text proposed by the Commission

    Amendment

    (hc) ‘European Maritime Single Window environment’ (‘EMSWe’) means European Maritime Single Window environment as defined in Article 2(1) of Regulation (EU) 2019/1239 of the European Parliament and of the Council25 ;

    deleted

    __________________

     

    25 Regulation (EU) 2019/1239 of the European Parliament and of the Council of 20 June 2019 establishing a European Maritime Single Window environment and repealing Directive 2010/65/EU (OJ L 198, 25.7.2019, p. 64, ELI: http://data.europa.eu/eli/reg/2019/1239/oj).

     

    Amendment  17

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 3

    Directive 2005/44/EC

    Article 3 – paragraph 1 – point hd

     

    Text proposed by the Commission

    Amendment

    (hd) ‘maritime National Single Window’ means a maritime National Single Window as defined in Article 2(3) of Regulation (EU) 2019/1239;

    deleted

    Amendment  18

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 3

    Directive 2005/44/EC

    Article 3 – paragraph 1 – point he

     

    Text proposed by the Commission

    Amendment

    (he) ‘European Reference Data Management System’ (ERDMS) means a single point of access repository (library) of reference data and codes lists that are used by IT applications in inland waterway transport operated by the Commission;

    (he) ‘European Reference Data Management System’ (ERDMS) means a single point of access repository (library) of reference data and codes lists that are used by IT applications in inland waterway transport operated by the Commission. It does not include the network data provided by the Member State in accordance with Annexes I and III;

    Amendment  19

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 3

    Directive 2005/44/EC

    Article 3 – paragraph 1 – point hh

     

    Text proposed by the Commission

    Amendment

    (hh) ‘RIS Platform’ means an electronic single-point-of-access platform sourced by national RIS information and providing Fairway-, Infrastructure-, Traffic- and Transport Information Services, including route- and transport planning, for RIS users and serving for electronic reporting according to the ‘once-only’ principle;

    (hh) ‘RIS Platform’ means an electronic single-point-of-access platform sourced by national RIS information and providing technical and operational services such as Fairway-, Infrastructure-, Traffic- and Transport Information Services, including route- and transport planning, for RIS users and serving for electronic reporting according to the ‘once-only’ principle;

    Amendment  20

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 3

    Directive 2005/44/EC

    Article 3 – paragraph 1 – point hi

     

    Text proposed by the Commission

    Amendment

    (hi) ‘Inland ports’ means an inland waterway port of the TEN-T core network or TEN-T comprehensive network, as listed and categorised in Annex II to Regulation (EU) No 1315/2013.

    (hi) ‘Inland ports’ means an inland waterway port of the TEN-T core network or TEN-T comprehensive network, as listed and categorised in Annex II to Regulation (EU) No 2024/1679.

    Amendment  21

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 3 – subparagraph 1 – point a

     

    Text proposed by the Commission

    Amendment

    (a) ensure that all relevant data are supplied to RIS users concerning navigation and voyage planning on inland waterways. These data, as defined in Annex I, shall be up-to-date and provided at least in an accessible common electronic format;

    (a) ensure that all relevant data are supplied to RIS users concerning navigation and voyage planning on inland waterways. These network data, as defined in Annex I, shall be up-to-date and provided at least in an accessible common electronic format in accordance with Annex III;

    Amendment  22

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 3 – subparagraph 1 – point b

     

    Text proposed by the Commission

    Amendment

    (b) ensure that for all their inland waterways of the TEN-T, in addition to the data referred to in point (a), electronic navigational charts suitable for navigational purposes are available to RIS users;

    (b) ensure that for all their inland waterways and inland ports of the TEN-T, in addition to the data referred to in point (a), electronic navigational charts suitable for navigational purposes are available to RIS users;

    Amendment  23

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 3 – subparagraph 1 – point c

     

    Text proposed by the Commission

    Amendment

    (c) enable, as far as ship reporting is required by national or international regulations, the competent authorities to receive electronic ship reports of the required data from ships. In cross-border transport, this information shall be transmitted to the competent authorities of the neighbouring State and any such transmission shall be completed before arrival of the vessels at the border;

    (c) enable, as far as ship reporting is required by national or international regulations, the competent authorities to receive electronic ship reports of all required data from ships. In cross-border transport, this information shall be transmitted in full to the competent authorities of the neighbouring State and any such transmission shall be completed before arrival of the vessels at the border;

    Amendment  24

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 3 – subparagraph 1 – point e

     

    Text proposed by the Commission

    Amendment

    (e) ensure that ERDMS is kept up to date by supplying all the necessary data without delay and revise them at least once per year;

    (e) ensure that the network data in the European RIS Platform is kept up to date by supplying all the necessary network data in accordance with Annexes I and III without delay;

    Amendment  25

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 3 – subparagraph 1 – point f

     

    Text proposed by the Commission

    Amendment

    (f) ensure that at least traffic related information is exchanged between RIS and electronic information exchange environments established by Union law and used in other transport modes, including through maritime National Single Windows within EMSWe;

    (f) ensure that at least traffic related information is made available through interfaces following the technical specifications laid down in accordance with Annex II, point 7, where applicable, to electronic information exchange environments established by Union law and used in other transport modes;

    Amendment  26

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 3 – subparagraph 1 – point g

     

    Text proposed by the Commission

    Amendment

    (g) ensure that dangerous goods related information as required pursuant to Chapter 5.4 of Part 5 of the Regulations annexed to the European Agreement concerning the International Carriage of Dangerous Goods by Inland Waterways (ADN), concluded at Geneva on 26 May 2000, as referred to in Section III.1 of Annex III to Directive 2008/68/EC of the European Parliament of the Council26 shall be made available to the competent authorities on an eFTI platform, through a unique electronic identifying link referred to in point (e) of Article 9(1)of Regulation (EU) 2020/1056;

    deleted

    __________________

     

    26 Directive 2008/68/EC of the European Parliament and of the Council of 24 September 2008 on the inland transport of dangerous goods (OJ L 260, 30.9.2008, p. 13, ELI: http://data.europa.eu/eli/dir/2008/68/oj).

     

    Amendment  27

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 3 – subparagraph 1 – point h

     

    Text proposed by the Commission

    Amendment

    (h) ensure that information is exchanged between RIS and the port community systems of inland ports, including, among others, up-to-date, availability of berths, and of alternative fuel infrastructure, and in particular those installations required pursuant to Article 10 of Regulation (EU) 2023/1804 of the European Parliament and of the Council27 ;

    (h) ensure that standardised interfaces in accordance with Annexes II and III are made available for the port community systems of inland ports, including, among others, up-to-date, availability of berths, and of alternative fuel infrastructure, and in particular those installations required pursuant to Article 10 of Regulation (EU) 2023/1804 of the European Parliament and of the Council27 ;

    __________________

    __________________

    27 Regulation (EU) 2023/1804 of the European Parliament and of the Council of 13 September 2023 on the deployment of alternative fuels infrastructure and repealing Directive 2014/94/EU (OJ L 234, 22.9.2023, p. 1, ELI: http://data.europa.eu/eli/reg/2023/1804/oj).

    27 Regulation (EU) 2023/1804 of the European Parliament and of the Council of 13 September 2023 on the deployment of alternative fuels infrastructure and repealing Directive 2014/94/EU (OJ L 234, 22.9.2023, p. 1, ELI: http://data.europa.eu/eli/reg/2023/1804/oj).

    Amendment  28

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 3 – subparagraph 1 – point i

     

    Text proposed by the Commission

    Amendment

    (i) ensure that information is exchanged between RIS and other smart inland waterways infrastructure systems for the purpose of managing of river traffic.

    (i) ensure that standardised interfaces in accordance with Annexes II and III are made available to other smart inland waterways infrastructure systems for the purpose of managing of river traffic.

    Amendment  29

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 5

     

    Text proposed by the Commission

    Amendment

    5. Member States shall create, operate, use and maintain a single RIS Platform which provides fairway-, infrastructure-, traffic-, and transport related data. The RIS Platform shall be accessible for all RIS users and shall be the main platform for the exchange of RIS related information. It shall contain interfaces for connections with systems of other transport modes and inland ports. Member States shall designate one or more competent authorities responsible for operating RIS Platform.

    5. Member States shall create, operate, use and maintain a single RIS Platform which provides fairway-, infrastructure-, traffic-, and transport related services and provide the necessary data. The RIS Platform shall be accessible for all RIS users and shall be the main platform for the exchange of RIS related information. It shall contain interfaces for connections with systems of other transport modes and inland ports. Member States shall designate one or more competent authorities responsible for operating RIS Platform. The RIS platform shall be open to contributions from third countries whose waterways are connected to the European waterway network willing to cooperate and provide their network data, provided that the data is of identical quality and format as that of Member States. Contributing third countries shall be able to use and benefit from the ERDMS and the RIS platform in the same manner as Member States, provided they adhere to the same level of cybersecurity.

    Amendment  30

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 5 a (new)

     

    Text proposed by the Commission

    Amendment

     

    5a. ERDMS provides reference data and code lists necessary for the proper functioning of RIS.

    Amendment  31

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 6

     

    Text proposed by the Commission

    Amendment

    6. The Commission shall adopt implementing acts laying down the operational characteristics, roles and procedures for the RIS platform and identifying its operating entity, based on the principles for RIS technical specifications set out in point 7 of Annex II, to ensure their uniform implementation throughout the Union. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2).

    6. The Commission shall adopt implementing acts laying down the operational characteristics, roles and procedures for the RIS platform including its interaction with ERDMS and identifying its operating entity, based on the principles for RIS technical specifications set out in point 7 of Annex II, to ensure their uniform implementation throughout the Union. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2).

    Amendment  32

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 7

     

    Text proposed by the Commission

    Amendment

    7. For the use of the automatic identification systems (‘AIS’), the regional arrangement concerning the radiotelephone service on inland waterways concluded in Basel on 6 April 2000 in the framework of the radio regulations of the International Telecommunication Union (ITU) shall apply.

    7. For the use of the automatic identification systems (‘AIS’), the Regional Arrangement on the Radio Communication Service for Inland Waterways (RAINWAT) concluded in Bucharest on 12 April 2012 in the framework of the radio regulations of the International Telecommunication Union (ITU) shall apply.

    Amendment  33

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 4

    Directive 2005/44/EC

    Article 4 – paragraph 9

     

    Text proposed by the Commission

    Amendment

    9. The Commission shall take appropriate measures to verify the interoperability, reliability and safety of RIS.

    9. The Commission shall take appropriate measures to verify the interoperability, reliability, availability and safety of RIS.

    Amendment  34

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 5

    Directive 2005/44/EC

    Article 5 – paragraph 1 – point h

     

    Text proposed by the Commission

    Amendment

    (h) interconnection and exchange of information with IT platforms of other transport modes, including at least eFTI and EMSWe;

    (h) standardised interfaces for IT platforms of other transport modes;

    Amendment  35

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 5

    Directive 2005/44/EC

    Article 5 – paragraph 1 – point i

     

    Text proposed by the Commission

    Amendment

    (i) interconnection and exchange of information with port management systems and with smart inland waterway infrastructure systems;

    (i) standardised interface for port management systems and smart inland waterway infrastructure systems;

    Amendment  36

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 5

    Directive 2005/44/EC

    Article 5 – paragraph 1 – point j

     

    Text proposed by the Commission

    Amendment

    (j) provisions for navigation, and voyage planning.

    (j) data for navigation, and voyage planning.

    Amendment  37

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 5 a (new)

    Directive 2005/44/EC

    Article 6

     

    Present text

    Amendment

     

    (5a) Article 6 is replaced by the following:

    Article 6

    “Article 6

    Satellite positioning

    Satellite positioning

    For the purpose of RIS, for which exact positioning is required, the use of satellite positioning technologies is recommended.

    For the purpose of RIS, for which exact positioning is required, the use of satellite positioning technologies is recommended, provided by Galileo, including the High Accuracy Service and Open Service Navigation Message Authentication and the European Geostationary Navigation Overlay Service (EGNOS). For the purpose of applications and services relying on Earth observation data, the use of Copernicus data, information or services is recommended.”

    (32005L0044)

    Amendment  38

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 7

    Directive 2005/44/EC

    Article 8a – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. Each Member State shall ensure that an effective procedure is in place to handle complaints arising from the application of this Directive.

    1. Each Member State shall ensure that an effective, simple and accessible procedure is in place, building, where possible, on existing structures, to handle complaints arising from the application of this Directive.

    Amendment  39

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 7

    Directive 2005/44/EC

    Article 8a – paragraph 8

     

    Text proposed by the Commission

    Amendment

    8. Member States shall inform the Commission on an annual basis about the number and type of complaints received by the authorities responsible for handling of complaints, the number of corrective actions taken, and the time required to resolve complaints.

    8. Member States shall inform the Commission on an annual basis about the number and type of complaints received by the authorities responsible for handling of complaints, the number of corrective actions taken, justifications for the cases, where no corrective action has been taken and the time required to resolve complaints.

    Amendment  40

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 8

    Directive 2005/44/EC

    Article 9 – title

     

    Text proposed by the Commission

    Amendment

    Rules on privacy and security of information

    Rules on privacy, security of information and processing of personal data

    Amendment  41

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 8

    Directive 2005/44/EC

    Article 9 – paragraph 1 a (new)

     

    Text proposed by the Commission

    Amendment

     

    Data that constitute personal data as defined in Article 4, point (1) of Regulation (EU) 2016/679 may be processed on the basis of this Directive only insofar as such processing is necessary for the performance of RIS applications, with a view to ensuring harmonised, interoperable and accessible RIS on the Union inland waterways and to facilitate standardised interfaces with other modal traffic management services.

    Amendment  42

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 9

    Directive 2005/44/EC

    Article 10 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. The Commission shall be empowered to adopt delegated acts in accordance with Article 10a to amend Annex III by updating, if appropriate in view of the criteria defined in paragraph 3, and in line with the principles of Annex II the reference to the most recent version of the ES-RIS and to set the date of its application.

    deleted

    Amendment  43

     

    Proposal for a directive

    Article 1 – paragraph 1 – point 14

    Directive 2005/44/EC

    Article 12a – paragraph 1 a (new)

     

    Text proposed by the Commission

    Amendment

     

    The Commission shall, if appropriate, by … [3 years after the date of entry into force] submit a report to the European Parliament and to the Council on the potential benefits and costs of extending the scope of this Directive to those inland waterways and inland ports of the Member States, which are part of the trans-European transport network (TEN-T) but are not covered by Article 2(1).

    Amendment  44

     

    Proposal for a directive

    Annex I

    Directive 2005/44/EC

    Annex I – indent 5 a (new)

     

    Text proposed by the Commission

    Amendment

     

     location and current availability of alternative fuels infrastructure, including shore-side electricity supply;

    Amendment  45

     

    Proposal for a directive

    Annex II

    Directive 2005/44/EC

    Annex II – article 6 – point h

     

    Text proposed by the Commission

    Amendment

    (h) collect and report anonymised and aggregate usage data that can be used for the monitoring of the implementation of RIS, including at least the number of RIS users, data availability in RIS platform, connection and the number of exchanges with other systems (for example eFTI, EMSWe, port community systems).

    (h) collect and report anonymised and aggregate usage data that can be used for the monitoring of the implementation of RIS, including at least the number of RIS users, data availability in RIS platform, connection and the number of exchanges with other systems or platforms.

    Amendment  46

     

    Proposal for a directive

    Annex II

    Directive 2005/44/EC

    Annex II – article 6 – point h a (new)

     

    Text proposed by the Commission

    Amendment

     

    (ha) ensure cybersecurity.

    Amendment  47

     

    Proposal for a directive

    Annex II

    Directive 2005/44/EC

    Annex II – article 7 – title

     

    Text proposed by the Commission

    Amendment

    7. Exchange of data with other digital systems or platforms

    7. Availability of data for other digital systems or platforms

    Amendment  48

     

    Proposal for a directive

    Annex II

    Directive 2005/44/EC

    Annex II – article 7 – introductory part

     

    Text proposed by the Commission

    Amendment

    The technical specifications for exchange of data with other digital systems or platforms, including EMSWe, eFTI, ERDMS, port community systems of inland ports and smart inland waterway infrastructure system, in accordance with Article 5, shall respect the following principles:

    The technical specifications for exchange of data with other digital systems or platforms in accordance with Article 5, shall respect the following principles:

    Amendment  49

     

    Proposal for a directive

    Annex II

    Directive 2005/44/EC

    Annex II – article 7 – point b

     

    Text proposed by the Commission

    Amendment

    (b) the facilitation of the electronic data exchange between RIS technologies and the databases and systems in use by other modes of transport, through appropriate data links and interphases;

    (b) the facilitation of the electronic data exchange between RIS technologies and the databases and systems in use by other modes of transport, through appropriate data links and interfaces;

    Amendment  50

     

    Proposal for a directive

    Annex II

    Directive 2005/44/EC

    Annex II – article 8

     

    Text proposed by the Commission

    Amendment

    8. Exchange of data with other digital systems or platforms

    deleted

    The technical specifications for exchange of data with other digital systems or platforms, including EMSWe, eFTI, ERDMS, port community systems of inland ports and smart inland waterway infrastructure system, in accordance with Article 5, shall respect the following principles:

     

    (a) build on the functionalities provided by the RIS Platform;

     

    (b) the facilitation of the electronic data exchange between RIS technologies and the databases and systems in use by other modes of transport, through appropriate data links and interphases;

     

    (c) the definition of the requirements concerning systems as well as procedures for automated data exchange;

     

    (d) the real-time exchange of information in particular for time-critical data;

     

    (e) ensuring the secure exchange of information in accordance with a comprehensive rights-based access-control system;

     

    (f) anticipate a system exchange framework that will allow for future developments and links with additional systems as required, including exchanges with the future European Mobility Data Space and any other system that is designed to promote innovations in multimodality transport.

     

    Amendment  51

     

    Proposal for a directive

    Annex II

    Directive 2005/44/EC

    Annex II – article 9 – point b – point a a (new)

     

    Text proposed by the Commission

    Amendment

     

    (aa) data on the European waterway network required for navigation and voyage planning and covering at least the minimum requirements set out in Annex I;

    Amendment  52

     

    Proposal for a directive

    Annex II

    Directive 2005/44/EC

    Annex II – article 9 – point b – point b

     

    Text proposed by the Commission

    Amendment

    (b) water level, the least sounded depth, the vertical clearance, the barrage status, the discharge, the regime, the predicted water level, the least sounded predicted depth or the predicted discharge;

    (b) water level, the least sounded depth, the vertical clearance, the barrage status if blocking navigation, the regime, the predicted water level, the least sounded predicted depth or the predicted discharge;

    Amendment  53

     

    Proposal for a directive

    Annex III

    Directive 2005/44/EC

    Annex III – paragraph 1

     

    Text proposed by the Commission

    Amendment

    The technical specifications applicable to RIS shall be those set out in ES-RIS 2023/1.

    The technical specifications applicable to RIS shall be those set out in the latest edition of ES-RIS adopted by CESNI.

     

     

    EXPLANATORY STATEMENT

    The Rapporteur supports the intention of the Commission to bring the Directive on harmonised river information services (RIS) on inland waterways up to date. Further digitalisation and reduction of administrative burden for users and authorities are of paramount importance for the further strengthening of inland waterway transport. The generally positive reactions from stakeholders are a good sign to this effect.

     

    As the current RIS Directive has been lacking proper implementation and its application differed significantly between Member States, your Rapporteur proposes a number of changes in his draft report.

     

    Any development in the role and place of electronic freight trade information (eFTI) should be addressed via a cross-sectoral review of the eFTI Regulation and should not just be imposed on inland waterway transport via this Directive. To interconnect these services prematurely, without other transport modes being ready, would risk additional problems in the development and implementation of river information services. The same goes for the proposed interconnection with the European Maritime Single Window. With the proposals in this draft, the Rapporteur aims to be prescient for further developments and synergies between platforms and services, without being prejudicial on their development.

     

    On the one hand, the Rapporteur regards the handling of complaints as an important tool to defend the interests of RIS users and to flag problems. On the other hand, it is important to avoid unnecessary bureaucracy. The Rapporteur therefore proposes to build on existing national feedback mechanisms for the implementation of this Directive.

     

    Finally, your Rapporteur proposes a pragmatic approach on the geographical scope of this proposal. Inland waterways and inland ports in the Union that are isolated from the rest of the TEN-T inland waterways network should not be drawn into the remit of this Directive. This will allow us to focus on those inland waterways and ports that are part of a cross-border network, thus making a European approach essential, while safeguarding the possibility for voluntary application by Member States on those inland waterways that are not connected. This approach should, however, not only be applied by the Member States. Active cooperation to ensure interoperability between the RIS Platform and the RIS of neighbouring third countries is necessary.

     

    With these changes, your Rapporteur aims to contribute to the competitiveness of inland waterway transport and its modal share, leading in consequence to less congestion on our roads and a more sustainable European transport system.

     

     

    MIL OSI Europe News

  • MIL-OSI: Unlock the future of crypto staking with HTXMining: a secure and flexible staking solution to maximize staking rewards

    Source: GlobeNewswire (MIL-OSI)

    SHERIDAN, Wyo., March 21, 2025 (GLOBE NEWSWIRE) — The main intention of the investors is to grow their assets with a secure and flexible working environment such as Htxmining. Htxmining’s Liquidity Staking has become an ultimate solution with a revolutionary idea of crypto staking rewards without losing liquidity over their capital. HTXMining is revolutionizing the game by deviating from the traditional staking paradigms’ constraints because liquidity mining is a game changer in earning passive income. By leveraging Liquidity Staking, investors no longer have to choose between earning rewards and keeping their assets liquid; they can now enjoy the best of both worlds.

    Image by HTXMining

    What is Liquidity Staking?

    Liquidity Staking is a cutting-edge staking method that allows investors to stake their crypto assets while receiving liquid tokens in return. These liquid tokens can be utilized within DeFi protocols, exchanged, or reinvested, and all the while, the original assets keep on earning crypto staking rewards passively. This approach will boost the utility of assets and provide investors with several potential income sources.

    In traditional staking, users have to lock up their money for a set amount of time, which means they can’t easily take advantage of new chances in the market. HTXMining’s Liquidity Staking offers an optimal staking experience for both passive and active investors in a hassle free environment.

    Liquidity mining offers varying potential returns based on investment levels:

    • $5 – $1,050: Up to 1.5% potential return
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    Key Features of HTXMining’s Liquidity Staking

    HTXMining’s Liquidity Staking is always there for you to offer a secure environment to stake with the flexible and attractive staking mechanism. Here are some key features that you can expect from HTXMining :

    1. Earn Crypto Staking Rewards While Staying Liquid
    Unlike conventional staking, where assets remain inaccessible for a fixed duration, Liquidity Staking allows users to stake their tokens while still maintaining liquidity. Staked token equivalents are awarded to users who can be efficiently used across any DeFi platform to generate further revenues without interfering with the stake itself.

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    Liquidity Staking provides users with the freedom to unstake their assets at any time. This adaptability means investors can respond to shifts in the market, seize chances to trade or adjust their investment mix without missing out on potential profits.

    3. Secure and Reliable Staking Infrastructure
    Security is at the core of HTXMining’s staking solutions. The platform incorporates multiple security features including multilayer encryption, decentralized protocols, real-time monitoring, so all these would help in keeping the user’s assets very safe while they are really earning passive income.

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    HTXMining supports a wide range of popular cryptocurrencies for Liquidity Staking. Investors can stake a variety of assets, such as Ethereum (ETH), Solana (SOL), Polkadot (DOT), and others. This allows them to build a diversified staking portfolio while also benefiting from smooth liquidity.

    Why Liquidity Staking is the Future of Crypto Investments

    The cryptocurrency industry is rapidly shifting towards more decentralized and user-friendly financial solutions. Liquidity Staking is going to address the limitations of traditional staking by providing the investors with various offers:

    1. Maximum DR (Daily Rate): Up to 5.5%, to support the users to earn returns based on the annualized percentage from their staked assets

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    HTXMining is the point where Liquidity Staking is brought within reach of even the most layman of users. Investors can follow these easy steps to start earning crypto-staking rewards:

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    About HTXMining

    HTXMining is one of the standing out crypto staking platforms in 2025 with secure, flexible, and high-yield staking solutions for global investors. The platform is designed to support users at every level, from crypto beginners looking for stable passive income to experienced traders looking for the maximum possible growth for their assets.

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    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    Media Contact:

    Paul Winterowd
    HTXMining
    +15757887086
    info@htxmining.com,
    https://htxmining.com/

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c38ffa8e-c580-4e3a-8137-cb70bbcd8373

    The MIL Network

  • MIL-OSI: SNXCrypto Analysts Predict Bitcoin’s Path to $200,000 Following Historic Price Surge

    Source: GlobeNewswire (MIL-OSI)

    HINDHEAD, United Kingdom, March 21, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market continues to evolve, experts from SNXCrypto, a professional cryptocurrency platform, analyze the key drivers behind this growth and explore whether Bitcoin could reach $150,000 or even $200,000 in the near future. While some market analysts remain cautious, Bitcoin’s bullish momentum suggests it could continue its upward trajectory.

    The platform’s analysts emphasizes on factors supporting a surge to 150,000 – 200,000

    • Institutional and National Adoption: Increased Bitcoin holdings by major corporations and sovereign wealth funds could further fuel demand.
    • Post-Halving Market Dynamics: Historical data suggests Bitcoin experiences major bull runs within a year after halving events, potentially pushing its price beyond $150,000 by late 2025.
    • Mainstream Financial Integration: As more banks, payment platforms, and fintech companies integrate Bitcoin, its adoption and utility will continue to expand.

    In addition, SNXCrypto enlists various factors driving Bitcoin’s price surge, including;

    • Institutional Adoption at an Unprecedented Scale

    The influx of institutional investors has played a significant role in Bitcoin’s meteoric rise. Major corporations such as Tesla, MicroStrategy, and Square have added Bitcoin to their balance sheets, reinforcing its status as “digital gold.” Meanwhile, leading financial institutions have introduced Bitcoin investment products, enhancing its accessibility for mainstream investors.

    • Bitcoin as an Inflation Hedge

    Amid global economic uncertainty and rising inflation, Bitcoin has emerged as a preferred store of value for investors seeking protection against currency devaluation. With central banks adopting expansionary monetary policies, Bitcoin’s scarcity and decentralized nature make it an attractive alternative to traditional assets.

    • Regulatory Advancements and Market Legitimization

    The cryptocurrency market has witnessed improved regulatory clarity, particularly with the approval of Bitcoin Exchange-Traded Funds (ETFs) in key financial markets. These developments have significantly lowered entry barriers for institutional and retail investors, further legitimizing Bitcoin as a mainstream financial asset.

    • Supply Constraints and the Halving Effect

    Bitcoin’s fixed supply cap of 21 million coins and its quadrennial halving events have historically led to long-term price appreciation. The 2024 Bitcoin halving has already reduced the issuance of new Bitcoin, creating a supply shock that could drive prices higher within the next 12 to 18 months.

    Consequently, Bitcoin’s extraordinary rise from $20,000 to $100,000 underscores its resilience and increasing relevance in the financial world. While market uncertainties persist, factors such as institutional adoption, supply constraints, and regulatory advancements suggest that Bitcoin could reach $150,000 or even $200,000 in the future.

    Investors are advised to consider both bullish and bearish scenarios while staying informed about market dynamics. Regardless of price movements, Bitcoin’s role as a decentralized digital asset remains a cornerstone of the evolving financial landscape.

    About SNXCrypto:

    SNXCrypto is a leading cryptocurrency platform dedicated to providing cutting-edge market insights, real-time data analysis, and investment strategies for both institutional and retail investors. With a team of blockchain experts and financial analysts, SNXCrypto offers in-depth research and professional guidance on Bitcoin, altcoins, and the broader cryptocurrency market.

    For more information and the latest Bitcoin market updates, visit SNXCrypto’s official website.
    Contact Details
    Website: https://snxcrypto.com
    Company: SNXCRYPTO LIMITED
    Contact Person: Sarah Kane
    Country: United Kingdom
    Email: info@snxcrypto.com

    Disclaimer: This press release is provided by SNXCRYPTO LIMITED. 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. 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. 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.Speculate only with funds that you can afford to lose.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.

    Legal 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/76b3c668-56d5-4962-a336-49e114e5dab0

    The MIL Network

  • MIL-OSI Economics: Monetary policy, central bank information, and bank lending: Evidence from German banks | Discussion paper 06/2025: Sophia List, Norbert Metiu

    Source: Bundesbank

    Non-technical summary

    Research Question

    There is long-standing evidence that monetary policy affects bank loan supply and the real economy through a bank-lending channel. Yet, when central banks announce a policy rate decision, they also reveal information about their assessment of economic conditions. Recent studies show that the non-monetary information contained in monetary policy announcements has macroeconomic implications that are distinct from the conventional effects of monetary policy. Evidence shows, for instance, that the announcement of a rate hike may reflect good news about the economy, stimulating economic activity. Moreover, existing theoretical work shows that such information effects occur particularly when the announcement contains good news about the state of financial conditions. The possible presence of information effects raises the following questions: First, how do monetary policy shocks stripped of information about economic fundamentals affect bank lending? Second, does non-monetary information have autonomous effects on bank lending?

    Contribution

    This paper adds to research on the bank-lending channel of monetary policy transmission by considering the role of non-monetary information in central bank communication. Using micro-level data on German bank balance sheets for the period 2002-2018, we employ bank-level panel local projections to study how bank lending reacts to central bank information shocks and to “pure” monetary policy shocks, i.e., those stripped of information effects.

    Results

    We obtain two main findings. First, a conventional tightening in the policy rate leads to a significant decrease in the volume of bank loans to non-financial corporations. In line with the bank-lending channel of monetary policy, the decrease is stronger for relatively small banks with less liquid balance sheets. Second, we find that a policy rate tightening due to an information shock leads to a significant increase in the volume of non-financial business loans. The increase is stronger for relatively small banks with more liquid balance sheets. These results are robust to how we measure exogenous variation in monetary policy and central bank information, as well as to various choices of measurement, sample composition, statistical inference, and model specification. Our results imply, on the one hand, they imply that a lending channel of monetary policy transmission is operational in the largest economy of the euro area. On the other hand, they empirically corroborate earlier theoretical work showing that central bank information shocks are consistent with news about the state of financial conditions.

    MIL OSI Economics

  • MIL-OSI Economics: Euro area monthly balance of payments: January 2025

    Source: European Central Bank

    21 March 2025

    • Current account recorded €35 billion surplus in January 2025, down from €38 billion in previous month
    • Current account surplus amounted to €408 billion (2.7% of euro area GDP) in the 12 months to January 2025, up from €280 billion (1.9%) one year earlier
    • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €677 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €784 billion in the 12 months to January 2025

    Chart 1

    Euro area current account balance

    (EUR billions unless otherwise indicated; working day and seasonally adjusted data)

    Source: ECB.

    The current account of the euro area recorded a surplus of €35 billion in January 2025, a decrease of €3 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€35 billion), services (€12 billion) and primary income (€ 2 billion). These were partly offset by a deficit for secondary income (€14 billion).

    Table 1

    Current account of the euro area

    Source: ECB.

    Note: Discrepancies between totals and their components may be due to rounding.

    Data for the current account of the euro area

    In the 12 months to January 2025, the current account surplus widened to €408 billion (2.7% of euro area GDP), up from €280 billion (1.9% of euro area GDP) one year earlier. This increase was mainly driven by larger surpluses for goods (up from €296 billion to €380 billion) and for services (up from €122 billion to €163 billion). The primary income surplus (€33 billion) and the secondary income deficit (€168 billion) remained broadly unchanged.

    Chart 2

    Selected items of the euro area financial account

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: For assets, a positive (negative) number indicates net purchases (sales) of non-euro area instruments by euro area investors. For liabilities, a positive (negative) number indicates net sales (purchases) of euro area instruments by non-euro area investors.

    In direct investment, euro area residents made net investments of €90 billion in non-euro area assets in the 12 months to January 2025, following net disinvestments of €333 billion one year earlier (Chart 2 and Table 2). Non-residents disinvested €107 billion in net terms from euro area assets in the 12 months to January 2025, following net disinvestments of €397 billion one year earlier.

    In portfolio investment, euro area residents’ net purchases of non-euro area equity increased to €134 billion and debt securities to €544 billion in the 12 months to January 2025, up from €74 billion and €406 billion, respectively, one year earlier. Non-residents’ net purchases of euro area equity increased to €334 billion and debt securities to €450 billion in the 12 months to January 2025, up from €201 billion and €419 billion, respectively, one year earlier.

    Table 2

    Financial account of the euro area

    Source: ECB.

    Notes: Decreases in assets and liabilities are shown with a minus sign. Net financial derivatives are reported under assets. “MFIs” stands for monetary financial institutions. Discrepancies between totals and their components may be due to rounding.

    Data for the financial account of the euro area

    In other investment, euro area residents recorded net acquisitions of non-euro area assets amounting to €465 billion in the 12 months to January 2025 (up from €131 billion one year earlier), while they recorded net incurrences of liabilities of €128 billion (following net disposals of €272 billion one year earlier).

    Chart 3

    Monetary presentation of the balance of payments

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: “MFI net external assets (enhanced)” incorporates an adjustment to the MFI net external assets (as reported in the consolidated MFI balance sheet items statistics) based on information on MFI long-term liabilities held by non-residents, available in b.o.p. statistics. B.o.p. transactions refer only to transactions of non-MFI residents of the euro area. Financial transactions are shown as liabilities net of assets. “Other” includes financial derivatives and statistical discrepancies.

    The monetary presentation of the balance of payments (Chart 3) shows that the net external assets (enhanced) of euro area MFIs increased by €425 billion in the 12 months to January 2025. This increase was driven by the current and capital accounts surplus and, to a lesser extent, by euro area non-MFIs’ net inflows in portfolio investment equity and debt. These developments were partly offset by euro area non-MFIs’ net outflows in direct investment and other investment.

    In January 2025 the Eurosystem’s stock of reserve assets increased to €1,457.5 billion up from €1,394.0 billion in the previous month (Table 3). This increase was mainly driven by positive price changes (€65.6 billion) which were partly offset by net sales of assets (€1.5 billion) and negative exchange rate changes (€0.6 billion).

    Table 3

    Reserve assets of the euro area

    Source: ECB.

    Notes: “Other reserve assets” comprises currency and deposits, securities, financial derivatives (net) and other claims. Discrepancies between totals and their components may be due to rounding.

    Data for the reserve assets of the euro area

    Data revisions

    This press release does not incorporate revisions to previous periods.

    Next releases:

    • Quarterly balance of payments: 04 April 2025 (reference data up to the fourth quarter of 2024)
    • Monthly balance of payments: 16 April 2025 (reference data up to February 2025)

    For media queries, please contact Philippe Rispal, tel.: +49 69 1344 5482.

    Notes

    • Current account data are always seasonally and working day-adjusted, unless otherwise indicated, whereas capital and financial account data are neither seasonally nor working day-adjusted.
    • Hyperlinks in this press release lead to data that may change with subsequent releases as a result of revisions.

    MIL OSI Economics

  • MIL-OSI United Kingdom: Tackling London’s Housing Crisis: Report shows how to unlock development in London

    Source: Mayor of London

    • The number of additional new homes completed each year in London has fallen from a high of 45,680 in 2019/20 to 32,160 in 2023/24.1
    • In 2024, there were 336,366 Londoners on council waiting lists for social housing.2
    • In 2023, London Councils reported that one in 50 Londoners were homeless and living in temporary accommodation, and boroughs were collectively spending around £60m per month on temporary accommodation costs.3
    • Over 300,000 homes have been granted planning permission in London, but have not yet been built.4

    London has a housing crisis, with housebuilding targets already being missed and more ambitious targets now put in place by the Government – aiming for almost 90,000 new homes to be built in the capital each year until 2030.

    The London Assembly Planning and Regeneration Committee has today published its report – Unlocking Development in London – making recommendations to the Mayor on how to help deliver the high-quality and affordable homes that Londoners need. 

    Key recommendations in the report include:

    • The Greater London Authority (GLA) should work with Government to bring forward a set of actions to support the Small and Medium Enterprise (SME) development sector in London meet their demand for better finance and larger sites. This should include options for how SME builders can access suitable sites for development on land owned by the GLA, and its functional bodies.
    • The next London Plan should establish a clear policy hierarchy that prioritises housing as the key land use across appropriate undeveloped sites in London.  This should be adopted as an overarching policy. It should be explicit that housing development, of a sustainable scale, appropriate character and with sufficient infrastructure, can tip the planning balance in favour of approving applications.
    • The next London Plan should be simpler. As part of the Planning for London Programme, the GLA should work with Londoners to carry out a first principles in/out evaluation of each policy in the current London Plan. The GLA should consider how this could inform the London Plan, to provide greater clarity to local authorities on what is a ‘must’ and where and how they can be flexible.
    • The GLA should maximise opportunities for affordable housing on GLA and Transport for London (TfL) brownfield land by offering enhanced incentives for brownfield development – such as expanding grants specifically to help offset remediation and infrastructure costs, while not compromising the health of existing and future residents on and around the site.
    • The GLA should establish its own London version of the Homes England section 106 clearing service.

    Chair of the London Assembly Planning and Regeneration Committee, Andrew Boff AM, said:

    “Throughout our investigation, we heard from developers, experts and decision makers about the significant challenges that are facing developers – including the ability of SMEs to access finance, the difficulty of acquiring suitable land, and the complexity of the London Plan.

    “But we also heard very clear ways to get London building more homes and unlock stalled developments: by simplifying the Mayor’s London Plan, giving SMEs the support they need to access finance and suitable sites, and maximising opportunities to create new affordable homes on brownfield land.

    “London’s housing crisis is one of the biggest issues facing the capital today, leaving families without suitable homes and draining the budgets of London Boroughs through the millions of pounds they are forced to spend on temporary accommodation.

    “The Mayor must now act on our recommendations to help deliver more of the homes that Londoners so desperately need.”

    Follow us @LondonAssembly.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Coming up next week at the London Assembly W/C 24 March

    Source: Mayor of London

    PUBLIC MEETINGS                                                                   

    Tuesday 25 March

    Mayoral Decisions

    Oversight Committee – The Chamber, City Hall, Kamal Chunchie Way, 10am
    The Mayor has published a number of Mayoral Decisions since December 2024.

    The GLA Oversight Committee will question guests on some of these decisions. The Committee will also ask questions on the Mayor’s Annual Equalities reports for 2022-23 and 2023-24.

    The guests are:

    Panel 1 – Mayor’s Annual Equalities Report:

    • Dr Debbie Weekes-Bernard – Deputy Mayor for Communities and Social Justice
    • Tom Rahilly – Assistant Director for Communities and Social Policy, GLA
    • Rupinder Parhar – Head of Equalities, GLA

    Panel 2 – Mayoral Decisions

    • Mostaque Ahmed – Director of Corporate Services, London Fire Brigade
    • Other guests to be confirmed.

    MEDIA CONTACT: Alison Bell on 07887 832 918 [email protected]

     

    Wednesday 26 March

    Q&A with the Mayor’s Office for Policing and Crime

    Police and Crime Committee – Committee Rooms 2 & 3, City Hall, Kamal Chunchie Way, 10am
    The London Assembly Police and Crime Committee will meet with the Deputy Mayor for Policing and Crime to explore the level and pace of progress made by the Met since the Casey review was published in March 2023 and any updates regarding an independent review of progress.

    The guests are:

    • Kaya Comer-Schwartz, Deputy Mayor for Policing and Crime
    • Kenny Bowie, Director of Strategy and MPS Oversight, Mayor’s Office for Policing and Crime (MOPAC)

    MEDIA CONTACT: Tony Smyth on 07763 251 727 [email protected]
     

    Financing Housing in London

    Housing Committee – Committee Rooms 2 & 3, City Hall, Kamal Chunchie Way, 2pm
    The Housing Committee will meet to ask how to increase the amount of finance available to build social and affordable housing, the risks of different financing models, and whether private investment can help meet new housebuilding targets.

    Panel 1: 2pm – 3.15pm

    • Will Jeffwitz, Head of Policy, National Housing Federation
    • Josh Ryan-Collins, Professor in Economics and Finance, University College London (UCL) Institute for Innovation and Public Purpose
    • Steve Partridge FCPFA, Director, Head of Housing Consultancy, Savills

    Panel 2: 3.30pm – 4.45pm

    • Bek Seeley, Founder, Place Partners
    • Angela Wood, Deputy Executive Director of Development, Peabody Housing Association
    • Piali Das Gupta, Strategy Director, London’s Future & Places, London Councils

    MEDIA CONTACT: Josh Hunt on 07763 252 310 / [email protected]

     

    Thursday 27 March

    Heathrow Airport – Surface Access

    Transport Committee – The Chamber, City Hall, Kamal Chunchie Way, 2pm
    The Transport Committee will discuss surface access to Heathrow Airport – all the ways in which passengers, communities, colleagues and goods travel to and from the airport – in the context of the proposals for a third runway.

    The guests are:

    • Sophie Chapman, Surface Access Director, Heathrow Airport
    • Tim Leach, Head of Surface Access Strategy and Sponsorship, Heathrow Airport
    • Christina Calderato, Director of Transport Strategy and Policy, Transport for London
    • Marcus Jones, Route Director, Western, Network Rail
    • Anthony Smith, Chair, Heathrow Area Transport Forum

    MEDIA CONTACT: Josh Hunt on 07763 252 310 / [email protected] 

    MIL OSI United Kingdom

  • MIL-OSI Russia: Rosneft planted almost 11 million trees in 2024

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    In 2024, employees of Rosneft and its subsidiaries planted over 10.7 million tree seedlings of various species, which is almost 30% more than the year before. The total area of forest plantations is comparable to the territory of more than 4.5 thousand football fields.

    Over the past four years, the Company’s enterprises have planted a total of approximately 37 million tree seedlings and saplings, making a significant contribution to the conservation of nature and biological diversity in the Russian Federation.

    March 21 marks the International Day of Forests, which was established by the UN General Assembly to draw attention to the issues of rational use of these natural resources and their importance for our planet.

    Preservation of the environment for future generations is an integral part of the corporate culture and social policy of the Company. Rosneft implements a number of large-scale environmental programs and is a leader in minimizing the impact on the environment and improving the environmental friendliness of production. The Company’s approaches to afforestation and reforestation are presented in the public position “Preserve the Planet for the Benefit of Current and Future Generations: Sustainable Forest Management”.

    In 2024, more than 30 subsidiaries planted seedlings in various regions of the country, including: in the Khanty-Mansi Autonomous Okrug – Yugra, Yamalo-Nenets and Nenets Autonomous Okrugs, the Republic of Sakha (Yakutia), Krasnoyarsk and Stavropol Krais, Tyumen, Saratov, Samara, Sakhalin Oblasts, as well as in Bashkiria and the city of Moscow. The work was carried out both as part of reforestation work and voluntary campaigns – “Green Spring”, “Forest Planting Day”, “Save the Forest” and the International Campaign “Garden of Memory”, dedicated to the memory of those killed in the Great Patriotic War.

    The largest contribution to forest restoration in 2024 was made by RN-Yuganskneftegaz, RN-Purneftegaz, East Siberian Oil and Gas Company, Bashneft, RN-Vankor and Samotlorneftegaz.

    Employees of RN-Yuganskneftegaz, Rosneft’s largest oil-producing asset, planted more than 4.8 million coniferous seedlings during the 2024 growing season. This is 41% more than last year. The green area was about 1,300 hectares.

    Over the past three years, the RN-Purneftegaz company has planted more than 1.2 million pine seedlings on an area of 340 hectares in Yamal.

    The East Siberian Oil and Gas Company has completed reforestation work in the Achinsk and Karatuz forestries of the Krasnoyarsk Territory. The oil workers planted 940 thousand forest seedlings on an area of 300 hectares. The forestry territories grew by 820 thousand Siberian spruce seedlings, 70 thousand Siberian cedar pine seedlings and almost 50 thousand Scots pine seedlings.

    In 2024, Bashneft planted 748 thousand trees on an area of over 200 hectares. This is 45% more than the same indicator last year. The plantings took place in the Republic of Bashkortostan, the Khanty-Mansi Autonomous Okrug – Yugra and the Nenets Autonomous Okrug. Employees of the Company’s enterprises and their family members participate in various environmental campaigns: Green Spring, Forest Planting Day, Save the Forest, hold clean-up days and clean up the coastal zones of rivers, reservoirs and springs, support the Green Office project, and help botanical gardens and zoos.

    RN-Vankor planted about 400 thousand pine seedlings on an area of 182 hectares in the Krasnoyarsk Territory. During the growing season, the seedlings were transported to forestries in special containers that protect future trees from damage and root drying. Pine was chosen for reforestation as one of the forest-forming species – these trees are among the most resistant to winds and adverse conditions, and their root system strengthens the soil. Pines grow quickly and are capable of creating significant forest areas in a short time, which become a habitat for many species of animals and birds, which is of great importance for restoring the natural balance of the taiga.

    In 2024, Samotlorneftegaz employees planted more than 390 thousand pine seedlings on more than 107 hectares. Large-scale work to restore coniferous forests began in 2008. Over 17 years, the district’s forest fund has increased by 2 million trees, which is more than 700 hectares.

    The group’s companies not only plant trees, but also help equip forestry with modern equipment. Thus, in 2024, Samotlorneftegaz transferred domestically produced snow and swamp-going vehicles to forestry in the Khanty-Mansiysk Autonomous Okrug – Yugra. The self-propelled equipment is adapted to work in harsh climatic conditions and will be used for fire patrols, reforestation work, and year-round sanitary control of the forest fund. With the financial support of the enterprise, the material and technical equipment of the aviation and ground forest protection base, which is engaged in the protection and reproduction of the district’s forests, has been improved.

    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 Europe: Federal Council takes note of report on achievement of RUAG International’s objectives in 2024 financial year

    Source: Switzerland – Department of Finance

    During its meeting on 21 March 2025, the Federal Council took note of the report by the Board of Directors of RUAG International Holding AG on the achievement of objectives in the 2024 financial year. By and large, the strategic objectives defined by the Federal Council were achieved. In addition, the Federal Council made initial decisions on the upcoming general meeting and was informed about the impact of the adopted motion on halting the sale of Beyond Gravity.

    MIL OSI Europe News

  • MIL-OSI: Foresight Ventures Latest Stablecoin Overview: Why Non-Crypto Users Are the Next Frontier for Stablecoin Integration

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 21, 2025 (GLOBE NEWSWIRE) — Foresight Ventures, the leading crypto VC firm bridging East and West, has released its latest stablecoin report. This in-depth analysis sheds light on the current landscape of digital payments, with a focus on key advancements in on-chain settlement, revenue-sharing models and enterprise-first payment infrastructure. 

    Delving into the evolution of stablecoin technology and its integration into market segments that connect crypto payments with traditional financial services, Foresight Ventures presents a comprehensive framework detailing the layered approach to stablecoin adoption—from the application layer to asset issuance and settlement processes.

    Of particular note, the report offers exclusive insights for diverse user groups, ranging from general investors to developers. It also breaks down the critical factors driving enterprise adoption of stablecoins and demonstrates how non-crypto users can incorporate these digital assets into everyday transactions.

    Key discoveries from the analysis are:

    • Stablecoin payments offer faster settlement times and lower fees than traditional methods.
    • The technology stack breaks down into four layers: Application, payment processors, asset issuers and settlement.
    • Major payment gateways now integrate with popular financial services, enabling both developer and consumer adoption. 
    • US payment services giant Stripe now integrates USDC for global transactions. MetaMask enables fiat-to-crypto on/off-ramps via third-party services.
    • Crypto payment platform Helio supports 450,000 active wallets and 6,000 merchants, with the Solana Pay plugin allowing Shopify. This shows large-scale adoption among merchants.
    • The use of crypto cards—developed in partnership with Visa and Mastercard—is on the rise. These cards empower users to seamlessly transact with stablecoins at traditional merchants.
    • Asset issuers innovate with static reserve-backed, yield-bearing and revenue-sharing models. Revenue-sharing stablecoins from Paxos, M⁰ and Agora align incentives by distributing transaction fees and interest income among ecosystem partners.
    • Settlement layers on multiple blockchains allow for instant and cost-efficient transactions. Blockchains, like Solana and Tron, enable near-instant settlement and low fees. 
    • Enterprise adoption revolves around efficient treasury management, integrated KYC processes and on-chain yield opportunities.
    • Non-crypto users benefit from intuitive interfaces and the integration of stablecoin payment options within mainstream apps.
    • A future shift may see consumers hold capital on-chain, as risk management and yield opportunities improve.

    Core findings emphasize the transformative potential of stablecoins in transaction processing and corporate treasury management. Enterprises are increasingly leveraging stablecoin infrastructure to enhance global payment efficiency and improve liquidity. Additionally, companies are adopting smart routing solutions to automate cross-border transactions, minimizing manual intervention and cutting operating costs.

    “Our stablecoin report extensively captures how the global payment ecosystem is going through a massive transformation driven by stablecoins,” said Forest Bai, co-founder of Foresight Ventures. “Stripe’s integration of USD and Helio’s support for over 450,000 active wallets clearly signal a rising demand for stablecoins in everyday transactions. On-chain solutions are streamlining payment flows and enhancing liquidity, paving the way for faster, more efficient digital payments.”

    The report identifies that revenue-sharing stablecoins introduce a dynamic incentive model to the market. This approach harmonizes the interests of financial institutions, fintech applications and digital asset platforms, driving more efficient financial exchanges. It also reveals that consumers can benefit from earning on-chain yields through user-friendly interfaces and integrated financial services.

    The Foresight Ventures stablecoin report holds significant value for stakeholders across the financial spectrum. Through its clear and concise breakdown of the stablecoin technology stack, the report equips investors, enterprises and policymakers with a deeper understanding of the transformative shifts occurring in digital finance.

    The report can be used as a comprehensive guide for companies looking to modernize payment processes and improve capital efficiency. Also, for traders and users to get inspired on the up and coming payment landscape and make an informed decision to invest and allocate resources.

    Users can access the full report for further details: HERE.

    About Foresight Ventures
    Foresight Ventures is the first and only crypto VC bridging East and West and a Top 5 Most Active Crypto VC in 2024. With a research-driven approach and offices in the US and Singapore, they are a powerhouse in crypto investment and incubation. Their premier media network includes The Block, Foresight News, BlockTempo, and Coinness. They aggressively invest in the most daring innovations. They are dedicated to partnering with visionary projects and top teams to help them succeed, reshaping the future of digital finance and beyond.

    For more information, users can visit: Website | Twitter | LinkedIn 

    Contact
    PR team
    media@foresightventures.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e0c85f4b-6004-4421-807b-13c2fbf88d8c

    The MIL Network

  • MIL-OSI China: Subsidies, services, social shifts: China’s strategic push for a birth-friendly future

    Source: China State Council Information Office 2

    Faced with the twin demographic challenges of a low fertility rate and a graying population, China is spearheading systemic policy innovations and people-oriented practices to bolster birth rates, boost consumption and drive sustainable socioeconomic growth in the coming decades and beyond.
    This strategic emphasis on encouraging childbirth was underscored earlier this month during China’s national “two sessions,” where the term “provide childcare subsidies” was included for the first time in the annual government work report.
    Additionally, a recently unveiled plan to increase consumption, proposes establishing a childcare subsidy system, expanding childbirth insurance coverage and enhancing pediatric services. These initiatives indicate that promoting childbirth has become a national strategic priority.
    China’s total fertility rate has remained at around 1 for a few years, less than half of the required replacement level of 2.1. Meanwhile, the country’s degree of aging continues to increase. Data from the National Bureau of Statistics showed that those aged 65 years and above made up about 15.6 percent of the total population last year.
    “Severe sub-replacement fertility will be China’s greatest economic and social challenge,” according to a recent article by veteran demographer James Liang, executive chair of China’s online travel service giant Trip.com Group.
    Liang noted that only by prioritizing birth rate improvement, leveraging institutional strengths, and mobilizing social resources can the problem be effectively addressed.
    In October 2024, a State Council directive outlined 13 targeted measures to enhance childbirth support services, expand child care systems, strengthen support in education, housing and employment, and foster a birth-friendly social atmosphere.
    Earlier data from China’s national health authorities revealed that over 20 provincial-level regions had explored offering childcare subsidies at different levels, with more comprehensive versions being introduced recently.
    The latest such measures were rolled out in north China’s Shanxi Province, where several counties introduced policies aimed at encouraging childbirth and alleviating family burdens by providing one-time childbirth subsidies, while partially covering hospitalization costs for childbirth.
    For example, families in Xingxian County of the city of Lyuliang in Shanxi that give birth to their first, second or third child on or after Jan. 1, 2025, are eligible for one-time subsidies of 2,000 yuan (about 279 U.S. dollars), 5,000 yuan or 8,000 yuan, respectively.
    Shenzhen in south China’s Guangdong Province, a city known for its economic vitality and inclusiveness and home to China’s largest migrant population, has also pledged to actively implement national initiatives by enhancing its childbirth support policy system and incentive mechanisms.
    These developments follow Hohhot’s earlier announcement of a new childcare subsidy initiative, which attracted nationwide attention to this city, which is the capital of north China’s Inner Mongolia Autonomous Region, an area known for producing top quality milk, resulting in a boost for market confidence.
    In Hohhot, couples having their first child will be offered a one-time payment of 10,000 yuan. For a second child, 50,000 yuan will be distributed in annual installments of 10,000 yuan. For all subsequent children, the same annual subsidy will be offered until the child turns 10, totaling 100,000 yuan, which is much higher than in other cities and amounts to roughly twice the annual income of local citizens.
    These tangible subsidies are expected to drive consumption momentum in the maternal and infant product sector, according to Han Fei, vice president of Hohhot-based Yili Group, Asia’s largest dairy company. Han added that the city also plans to provide a daily cup of free milk for new mothers, which will accelerate the consumption of fresh milk in China’s dairy industry heartland.
    Since 2013, China has implemented several rounds of progressive adjustments to adapt its population policies to evolving demographic and socioeconomic conditions. In 2021, it announced support for couples who wish to have a third child — and it is from that time onward that childbirth subsidies began to emerge.
    Notably, the first city in China to offer such subsidies, Panzhihua in southwest China’s Sichuan Province, has witnessed positive growth in its permanent resident population for four consecutive years.
    Meanwhile, Tianmen, a county-level city in central China’s Hubei Province, saw a year-on-year increase of 17 percent in its newborn population in 2024, significantly higher than the national average of 5.8 percent, and ending an eight-year decline. Among the 7,217 newborns in Tianmen, more than half were second or third children.
    From baby bonuses and childcare subsidies to maternity leave allowances and home purchase incentives, total rewards for second and third children in Tianmen amount to 96,300 yuan and 165,100 yuan, respectively.
    Tianmen’s tangible, holistic pro-birth policies also spurred a strong recovery in the real estate market of the city, where the average housing price is 5,000 yuan per square meter — attracting over 100 regions to conduct research and learn from its practices.
    These cases show that financial incentives are probably the fastest way to boost fertility rates, and yet they are far from sufficient. Increased childcare services, extended maternity leave, and strengthened support in the fields of education, housing and employment, as well as a healthy marriage and childbirth culture, are also crucial in fostering a birth-friendly society. Encouragingly, various regions have already begun exploring such avenues.
    Cash rewards ease financial burdens, but boosting birth rates requires tackling deeper issues like childcare challenges, work-life balance, and education costs, said Yue Ling, associate professor at the Beijing-based China University of Labor Relations.
    Liang also highlighted the need for comprehensive measures including tax breaks, housing subsidies, increased childcare facilities, and promoting flexible work arrangements, to effectively boost willingness to have children.
    Experts also emphasized the importance of coordinated consideration at both the national and local levels, to make support policies more reasonable, feasible and sustainable, as regional economic disparities can have an impact on the effectiveness of policies.

    MIL OSI China News

  • MIL-OSI China: China Development Bank boosts financial support for foreign trade

    Source: China State Council Information Office

    China Development Bank has rolled out a robust set of measures to provide strong financial support for businesses in the country’s foreign trade sector this year.

    The bank has been leveraging a wide array of financing instruments, including project loans, syndicated loans, working capital loans, corporate financing, on-lending and trade financing, to channel more credit resources into the foreign trade domain, CDB said in a news release on Friday.

    In particular, the bank has formulated specific measures to utilize on-lending loans and work closely with city commercial banks, to provide targeted financial support to small and medium-sized foreign trade firms.

    As of March 19, CDB has disbursed 14.25 billion yuan ($1.97 billion) in on-lending loans for foreign trade stabilization to provinces such as Jiangsu, Guangdong and Shandong, helping foreign trade enterprises reduce their financing costs and reinvigorate their development momentum, the bank said.

    Meanwhile, CDB has set up a dedicated 35-billion-yuan quota to provide direct lending support for the stabilization of foreign trade, according to the bank.

    MIL OSI China News

  • MIL-OSI: MEXC DEX+ Forms Strategic Partnership with pump.fun for Next Evolution of DeFi and CeFi Integration

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 21, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has announced a strategic partnership with pump.fun, the world’s leading crypto token launchpad where anyone can create their own token for free. This collaboration aims to enhance the trading experience on MEXC’s DEX+ platform and explore further synergies between centralized finance (CeFi) and decentralized finance (DeFi). The first step in this partnership will be the integration with pump.fun’s new DEX, PumpSwap.

    MEXC has recently launched its innovative hybrid product, DEX+, offering a seamless, one-stop solution for both on-chain and off-chain trading. This unique platform enables users to trade directly on decentralized exchanges (DEXs) through the MEXC App and website, providing access to a diverse array of on-chain assets. The initial version of DEX+ will support the Solana ecosystem, giving users the ability to trade over 10,000 tokens available on Raydium and pump.fun. Future updates will expand to include additional DEXs and blockchain networks, broadening the platform’s reach and liquidity.

    MEXC DEX+ simplifies the complexities of DEX by enabling users to trade various on-chain assets within the Solana ecosystem directly through a familiar CEX interface. This eliminates the need to manually hurdle through multi-step interactions, such as switching wallets or cross-chain transactions.

    Through this strategic partnership with pump.fun, MEXC aims to provide a streamlined, accessible experience for the potential onchain assets, further solidifying its commitment to innovative solutions within the crypto space. MEXC DEX+ users gain unique access to trade newly launched tokens on pump.fun at an early stage. DEX+ allows users to participate in trading as soon as a memecoin is issued, even before it is listed on CEX, enabling them to capitalize on market opportunities from the outset. By leveraging pump.fun’s robust capabilities in launching memecoins, this model significantly lowers the entry barrier for users seeking to enter the Web3 trading space.

    “MEXC is committed to offering a broad spectrum of accessible assets through our listing strategy while ensuring fast listing speeds and top-tier security for our users. With DEX+, we aim to address key challenges by providing a familiar, CEX-like trading experience while retaining the benefits of accessing on-chain assets. We are thrilled to partner with pump.fun to empower users to discover and support memecoins in this rapidly evolving investment space. This collaboration underscores our dedication to fostering innovation and providing new opportunities for our users in the ever-evolving crypto landscape,” said Tracy Jin, COO of MEXC.

    “pump.fun democratized token creation, standardized token contracts, and brought crypto to the people. pump.fun’s partnership with MEXC will give DEX+ users a powerful tool to access the coins they want to trade—long before they’re available on a centralized exchange. pump.fun is building crypto’s largest social network, and bridging communities across crypto through partnerships like this with MEXC is how that foundation is built,” said Alon Cohen, Co-Founder pump.fun.

    Looking ahead, MEXC’s DEX+ is positioned to be a transformative force in the evolution and mass adoption of DeFi and DEX ecosystems, with its strategic partnership with pump.fun marking a crucial first step in this journey. As user adoption of decentralized trading accelerates, the seamless integration of centralized and decentralized exchange models becomes essential, and MEXC stands at the forefront of this convergence, systematically expanding our ecosystem partnerships to deliver increasingly sophisticated, secure, and user-centric trading experiences that will define the next generation of crypto trading.

    To celebrate the successful launch of DEX+ and its strategic partnership with pump.fun, MEXC is pleased to announce its incentive program: new users completing trades of 100 USDT or more on the DEX+ platform will be eligible to receive a 20 USDT reward. For more details, please visit: https://www.mexc.com/dex-rewards.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 34 million users across 170+ countries and regions, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    For more information, visit: MEXC WebsiteXTelegramHow to Sign Up on MEXC
    For media inquiries, please contact MEXC PR Manager Lucia Hu: lucia.hu@mexc.com

    Disclaimer: This press release is provided by MEXC. 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. 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. 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.Speculate only with funds that you can afford to lose.

    Legal 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0a6c9be-3f08-4308-9af1-4b03fbb963c3

    The MIL Network

  • MIL-OSI: Temenos named Technology Provider of the Year in FStech Awards

    Source: GlobeNewswire (MIL-OSI)

    GRAND-LANCY, Switzerland, March 21, 2025 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN) today announced it has been named Technology Provider of the Year at the FStech Awards 2025, recognizing its leadership in modernizing financial institutions with banking solutions powered by GenAI, cloud, and SaaS.

    Now in their 25th year, the FStech Awards celebrate companies that have demonstrated excellence and innovation within the UK and EMEA financial services sector. In the Technology Provider of the Year category, judges evaluated vendors based on their exceptional performance, product innovations, and customer success.

    Mark Yamin-Ali, Managing Director – Europe, Temenos, commented: “This FStech award underscores Temenos’ leadership in core banking modernization and our reputation as a trusted industry partner. With proven expertise and reliable innovation, including in game-changing technologies such as Generative AI, Temenos enables banks to evolve with confidence, fostering growth and elevating customer experiences.”

    Sairam Rangachari, Chief Product Officer, Temenos, said: “We’re delighted to receive this prestigious award, which recognizes the rich functionality of Temenos’ mission-critical technology. With our relentless focus on innovation, as well as our leading SaaS solutions and Responsible AI capabilities embedded throughout the Temenos platform, we are thrilled to be leading the way in the banking industry.”

    Banks of all sizes utilize Temenos’ adaptable technology – on-premises, in the cloud, or as a SaaS solution – to deliver next-generation services and AI-powered experiences. Its clients benefit from the power of deep functionality, the convenience of best-of-suite software and the synergy of modular solutions.

    Recent customer announcements include the UK’s Aldermore Bank, which selected Temenos SaaS to modernize its savings operations, beginning with the swift launch of new savings notice accounts for small businesses. Additionally, Romania’s CEC Bank selected Temenos to modernize its retail and corporate core banking systems.

    About Temenos
    Temenos (SIX: TEMN) is the world’s leading platform for banking, serving clients in 150 countries by helping them build new banking services and state-of-the-art customer experiences. Top performing banks using Temenos software achieve cost-income ratios almost half the industry average and returns on equity 2x the industry average. Their IT spend on growth and innovation is also 2x the industry average.

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

    Media Contacts  
       
    Scott Rowe & Michael Anderson
    Temenos Global Public Relations
    Tel: +44 20 7423 3857
    Email: press@temenos.com
    Gabriel Goonetillake
    Temenos Team at Edelman Smithfield
    Tel: +44 7813 407710
    Temenos@EdelmanSmithfield.com

    The MIL Network

  • MIL-OSI Economics: ASEAN-UK workshop paves path for engineering biology innovation

    Source: ASEAN – Association of SouthEast Asian Nations

    LONDON, 21 March 2025 – The United Kingdom hosted more than 25 delegates from all ten ASEAN Member States and the ASEAN Secretariat for an ASEAN-UK Regional Training and Workshop on Engineering Biology Chapter II from 18 to 20 March 2025. With ASEAN set to become the world’s fourth largest economy by 2030, the workshop presented a strategic opportunity to align regulatory frameworks, technical standards, and innovation pathways between the UK and one of the world’s most dynamic economic regions.

    The programme built on the learnings and engagement from the first chapter of the workshop held in Singapore in 2024, focusing on critical growth enablers through cross-pollination between ASEAN and UK expertise. Key areas of focus included technical standards and biometrology, responsible innovation frameworks, and commercialising engineering biology for success.

    Alignment across these areas will create levers for accelerating engineering biology innovations into scalable innovations, unlocking economic potential while deploying market-ready solutions to benefit our communities.

    UK Ambassador to ASEAN, Sarah Tiffin, said:

    “Engineering biology is a game-changer for economic growth and sustainable development.  This workshop reaffirms the UK’s commitment as an ASEAN Dialogue Partner to building the technical and ethical foundations needed to foster a thriving bioeconomy across ASEAN regions. The UK and ASEAN can excel together in this fast-growing field, driving responsible innovation that benefits businesses and communities alike. Our partnership is thriving, and this workshop is a testament to how we are shaping the future of science and technology together.”

    British High Commissioner to Singapore, Nik Mehta, said:

    “The USD4 trillion global bioeconomy isn’t just a market opportunity—it’s our pathway to solving some of humanity’s most pressing challenges, from food security and climate resilience to healthcare innovation.

    By aligning our approaches to technical standards, responsible innovation, and commercialisation pathways, we can create a powerful platform for businesses and researchers across both the UK and ASEAN to bring transformative products to market.”

    Senior Officer of Science and Technology Division, ASEAN Secretariat, Dr. Vanny Narita, said:

    ” ASEAN and the UK reaffirm our commitment to engineering biology as a catalyst for sustainable economic growth. As a key pillar of the bioeconomy, it drives innovation in healthcare, agriculture and manufacturing. The ASEAN bioeconomy employs over 8% of the global workforce and generates over US$2.3 trillion annually, contributing to a global bioeconomy expected to reach US$4 trillion by 2040. Integrating engineering biology into the ASEAN Economic Community Strategic Plan 2026-2030 and the ASEAN Plan of Action on Science, Technology and Innovation 2026-2035 will accelerate biotechnology innovation and regional sustainability.”

    This workshop reaffirms the UK’s dedication to deepening its scientific and technological ties with ASEAN, building on the strong foundation established since becoming an ASEAN dialogue partner.

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    The post ASEAN-UK workshop paves path for engineering biology innovation appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Publication of financial reports: Federal Office of Justice imposes disciplinary fine on IHS Nr. 2 GS GmbH

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). IHS Nr. 2 GS GmbH failed to submit its accounting documents for the financial year 2021 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form within the prescribed period. The legal basis for the sanction is section 335 of the HGB.

    The company did not lodge an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.

    MIL OSI Economics

  • MIL-OSI Economics: Publication of financial reports: Federal Office of Justice imposes disciplinary fine on DEMIRE Deutsche Mittelstand Real Estate AG

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). DEMIRE Deutsche Mittelstand Real Estate AG failed to submit its accounting documents for the financial year 2023 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form within the prescribed period. The legal basis for the sanction is section 335 of the HGB.

    The company did not lodge an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.

    MIL OSI Economics

  • MIL-OSI Banking: Publication of financial reports: Federal Office of Justice imposes disciplinary fine on DEMIRE Deutsche Mittelstand Real Estate AG

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). DEMIRE Deutsche Mittelstand Real Estate AG failed to submit its consolidated accounting documents for the financial year 2023 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form within the prescribed period. The legal basis for the sanction is section 335 of the HGB.

    The company did not lodge an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.

    MIL OSI Global Banks

  • MIL-OSI Banking: Publication of financial reports: Federal Office of Justice imposes disciplinary fine on IHS Nr. 2 GS GmbH

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). IHS Nr. 2 GS GmbH failed to submit its accounting documents for the financial year 2022 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form within the prescribed period. The legal basis for the sanction is section 335 of the HGB.

    The company did not lodge an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.

    MIL OSI Global Banks