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Category: Europe

  • MIL-OSI Asia-Pac: English rendering of PM’s address at the laying of foundation stone and inauguration of development works in Amreli, Gujarat

    Source: Government of India (2)

    Posted On: 28 OCT 2024 10:47PM by PIB Delhi

    Bharat Mata ki – Jai!

    Bharat Mata ki – Jai!

    Present on the dais are Honorable Governor of Gujarat, Acharya Devvrat ji, Chief Minister of Gujarat, Bhupendrabhai Patel ji, my colleague in the Union government, C. R. Patil ji, my brothers and sisters of Gujarat, and especially my brothers and sisters of Amreli.

    Diwali and Dhanteras are around the corner. This is a time of auspicious occasions. On one side, we have the celebration of ‘Sanskriti’ (culture); on the other, a celebration of ‘Vikas’ (progress)—this is the new mark of Bharat. The work of ‘Virasat’ (preserving heritage) and ‘Vikas’ (fostering development) goes hand in hand. Today, I had the opportunity to lay the foundation and inaugurate several development projects related to Gujarat. Before coming here, I was in Vadodara, where we inaugurated Bharat’s first factory of its kind, which will produce ‘Made in India’ aircraft for our Air Force right here in Gujarat, in Vadodara. Our Amreli belongs to the Gaekwads, and Vadodara also belongs to the Gaekwads. It’s a moment of pride! And today, here, I had the chance to inaugurate Bharat Mata Sarovar, and from this platform, we have laid the foundation stones and inaugurated multiple long-term projects related to water, roads, and railways. All these projects are intended to ease the lives of people in Saurashtra and Kutch and these projects will propel development forward. The projects that we inaugurated and laid the foundation for today are for the welfare of our farmers, for the prosperity of those in agriculture, and for job opportunities for our youth. My best wishes to all my brothers and sisters in Kutch, Saurashtra, and Gujarat for these many projects.

    Friends,

    The land of Saurashtra and Amreli has given birth to many gems. Whether historically, culturally, in literature, or politics, Amreli’s past has been glorious. This is the land that gave us Yogi ji Maharaj, the same land that gave us Bhoja Bhagat, and it is rare for a single evening to pass in Gujarat without the mention of Dula Bhaya Kag. Every folk tale and poetry remembers Kag Bapu. And today, the soil here, which holds memories of poet Kalapi and his famous line रे पंखीडा सुखथी चणजो (Fly freely, little bird), finds fulfillment with the arrival of water. This is Amreli, a magical land that has produced K. Lal, poet Rameshbhai Parekh, and our first Chief Minister of Gujarat, Jivrajbhai Mehta. The children here have faced challenges and have stood strong in the face of adversities. Those who choose the path of strength instead of bowing to natural disasters are the children of this earth. Some of them have emerged as entrepreneurs who not only made their district proud but also Gujarat and Bharat. And they have tried to do whatever they can for the society. And our Dholakia family continues to carry forward this legacy.

    With the government’s 80/20 water scheme, the BJP government in Gujarat has prioritised water from the very beginning. These efforts include 80/20 scheme and public participation, building check dams, building farm ponds, deepening lakes, building water temples, digging ponds, etc.  I remember when I would go to attend meetings in Delhi as Chief Minister and mention how a significant portion of our budget goes toward water resources, chief ministers and leaders from other states would look at me with surprise. I would tell them that Gujarat has many people who are awash with talents and if we get water once, Gujarat will flourish. This tradition belongs to our Gujarat. Many people have joined the 80/20 scheme. Everyone, including communities and villages, participated; my Dholakia family adopted it on a large scale, bringing the rivers to life. And this is the way to keep the rivers alive. We were connected to 20 rivers from the Narmada River. And the idea came to our minds to create small ponds in the rivers, so we could conserve water for miles. And once the water seeps into the ground, it will not remain without turning into nectar, brothers. The people of Gujarat, Saurashtra or Kutch don’t need books to explain the importance of water; they have experienced the hardships firsthand. They know exactly their problems; they know what types of problems there are. We have seen people from Saurashtra and Kutch migrating due to lack of water. We have seen the days when eight-eight people were forced to share a room in the cities. And now, we have created the country’s first Ministry of Jal Shakti because we know its importance. Today, we see the fruits of years of effort as the water from Narmada reaches every village.

    I remember a time when one would gain ‘punya’ from the Narmada Parikrama (circumambulation). The era has changed, and Mother Narmada herself is going from village to village, distributing ‘punya’ and water. The water conservation schemes, such as the SAUNI Yojana, which I launched, were met with disbelief and skepticism. Nobody was ready to believe that it could be possible. Some crooked people even criticised it as a publicity stunt by Modi ahead of elections. But all these schemes have breathed new life into Kutch and Saurashtra, allowing people to witness their dreams of green fields come true. This is an example of how a resolution made with sacred spirit gets fulfilled. I remember when I talked about laying pipes large enough for a Maruti car to pass through; people were astonished. Today, those pipes carry water throughout Gujarat.  This is what Gujarat has accomplished. We need to increase the depth of the river, so we have to build check dams, or at the very least, create barrages. We need to go to that extent to save water. The people of Gujarat have wholeheartedly embraced water conservation, and this has led to improvements in drinking water quality, health, and the ambitious goal of supplying water to every home and farm. This is a fact which is very satisfying. The 18-20-year-olds today may not even realize how difficult life was without water. Turning on the tap to shower is routine for them, unlike the past when mothers had to walk several kilometers with utensils to fetch water.

    The work done by Gujarat is now proving to be an example for the entire country. The campaign to bring water to every home and every field in Gujarat is still being carried out with such dedication and purity. Today, projects are being inaugurated and their foundations laid with hopes of benefiting millions. The Navda-Chavand Bulk Pipeline Project will bring water to around 1,300 villages and over 35 towns. People from Amreli, Botad, Rajkot, Junagadh, and Porbandar will benefit from an additional 30 crore liters of water every day. Today the foundation stone for the second phase of the Pasvi Augmentation Water Supply Scheme has also been laid. Mahuva, Talaja, and Palitana are the three talukas which will benefit largely from this scheme. Palitana is a significant pilgrimage and tourist site that sustains the state’s economy. Over 100 villages will directly benefit from these projects.

    Friends,

    Today, the inauguration and foundation laying of water projects symbolize the partnership between government and society. This is a remarkable example, and we emphasize public participation because water initiatives will only succeed through collective efforts. When we celebrated 75 years of independence, the government could have organized numerous events, placing boards with Modi’s name on them, but we chose not to. Instead, we launched a plan to create “Amrit Sarovars” (lakes) in villages, aiming to build 75 lakes in each district. As per the latest information, work is underway on nearly 75,000 such lakes, with over 60,000 lakes already brimming with life. Serving future generations in this way has significantly helped raise the water table in neighbouring areas. We ran the “Catch the Rain” campaign.  When I went to Delhi, this experience was very useful.  Today it has become a successful model. To encourage water conservation, be it at the family, village, or colony level, people must be inspired to save water. We are fortunate to have C.R. Patil in our cabinet now, who brings his expertise in water management from Gujarat. Now this is being followed in the entire country. He has made “Catch the Rain” one of his key initiatives, and thousands of recharge wells have already been constructed with public involvement in states like Gujarat, Rajasthan, MP, and Bihar. Recently, during a video conference program in Surat, South Gujarat, we saw people building recharge wells in their ancestral villages, that restores some family wealth to the village. This is an exciting new initiative: keeping the village’s water within the village and the border’s water within the border. These campaigns are significant steps forward.  These efforts to retain local water are part of a broader mission, as seen in other countries with minimal rainfall, where they conserve every drop of water. If you visit Mahatma Gandhi’s home in Porbandar, you’ll find a 200-year-old underground water storage tank, showing how our ancestors valued water centuries ago.

    Friends,

    The availability of water has made farming easier. Our motto is “Per Drop More Crop.” In Gujarat, we promoted micro-irrigation, especially sprinklers, which farmers of Gujarat welcomed. Today, wherever Narmada water has reached, farmers can reap three crops in areas where cultivating even one crop was once difficult. This has brought happiness and prosperity to households. Amreli district is advancing in agriculture, with crops like cotton, peanuts, sesame, millet, and bajra (pearl millet) from Jafrabad. I appreciate this initiative during my meetings in Delhi. Amreli’s Kesari mango has now received a GI tag, giving it a unique identity worldwide. Amreli is also gaining recognition for its natural farming, and our governor is working on this mission mode. Farmers in Amreli are dedicated to this experiment, committed to producing quick, viable crops. In our Halol, different universities for natural farming have been developed. The first college for natural farming under that university has been established in Amreli. The reason for this is that the farmers here are committed to this new experiment. Therefore, if they conduct experiments here, their crops will be ready immediately. Our goal is for farmers to engage more in animal husbandry, particularly cattle farming, benefiting from natural farming. In our Amreli, regarding the dairy industry, I remember that there used to be laws that considered setting up a dairy as a crime. We removed restrictive laws on dairy farming, facilitating the establishment of the dairy industry in Amreli, leading to rapid growth through cooperative efforts. I remember when Amar Dairy was founded in 2007, only 25 cooperative societies were part of it. Today, over 700 villages have joined, collecting around 1.25 lakh liters of milk daily, reflecting a true revolution and the adoption of various development pathways.

    Friends,

    I have another joy; I mentioned this many years ago, said it in front of everyone, and I called for a white revolution, a green revolution, but now we need to have a sweet revolution. We need to produce honey; honey should not just be something to talk about at home, brothers. We need to produce honey in the fields so that farmers can earn more. Our Dilip Bhai and Rupala ji raised this issue in the Amreli district, and now beekeeping has started in the fields, and people have learned about it. Now, the honey here is establishing its own identity. This is a joyful thing. Environmental efforts, like tree planting under the ‘Ek Ped Maa Ke Naam’ campaign, have been embraced nationwide and even globally, with admiration for this unique approach. Everybody is associating with this campaign. This is a great effort as far as environment is concerned. And second important work relating to environment is that we are striving to eliminate electricity bills by implementing the PM Surya Ghar Muft Bijli Yojana, a free solar electricity scheme that can save families Rs. 25,000 to Rs. 30,000 annually. Not only that they are earning additional income by selling the electricity which they are saving. Nearly 1.5 crore families have registered for this initiative, and over 200,000 homes in Gujarat now have rooftop solar panels, producing electricity and selling the surplus electricity. Amreli district has also made significant progress in energy, with Dudhda village, led by Govindbhai, close to becoming a solar-powered village. Six months ago, Govindbhai told me that he has to make his village ‘Surya Ghar’ (solar-powered village) and this is nearing completion. This initiative is expected to save the village Rs. 75,000 per month in electricity bills, with each household saving Rs. 4,000 annually. Congratulations to Govindbhai and Amreli for making Dudhda the first solar village in the district.

    Friends,

    Water and tourism are closely linked; where there is water, tourism naturally follows. Just now, while looking at Bharat Mata Sarovar, I thought that migratory birds that usually visit Kutch may find a new address here this December. When the Flamingos start coming here, it will attract more tourists. Amreli district is blessed with several pilgrimage sites that people visit with devotion. We saw the potential in the Sardar Sarovar Dam, which was initially built for water storage. By adding the world’s tallest statue of Sardar Patel, we created a monument that attracted nearly five million visitors last year, not just for the dam but to pay homage to the statue. With Sardar Patel’s 150th birth anniversary approaching on October 31, I will return to Gujarat soon to pay my respects. I will return to Delhi today, but will come back again day after tomorrow to pay my obeisance at the feet of Sardar Sahab. As usual, we celebrate his birth anniversary with a Unity Run, but this year, as Diwali falls on October 31, we have scheduled it for October 29. I hope that the Unity Run events will be held widely across Gujarat, and I will be attending the National Unity Parade in Kevadia.

    Friends,

    In the coming days, the newly established Kerly Recharge Reservoir is set to become a significant centre for eco-tourism, as I predict today. I see a great potential for adventure tourism there. Kerly Bird Sanctuary will gain international recognition, attracting birdwatchers and nature lovers from across the globe. Birdwatchers often spend days with cameras in hand, immersed in forests, creating an income source through tourism. Gujarat’s coastline, once known for its salty waters and seen as a challenge, is being transformed into a gateway to prosperity. We are prioritizing work to make Gujarat’s coastline not only a regional asset but a national hub for wealth and development. Our fishing communities will benefit greatly, as will our ports, steeped in centuries of heritage, which we are revitalizing. Lothal—an ancient city, over 5,000 years old— has not gained prominence after Modi came to power. It has always held a special place in my vision since I became Chief Minister of Gujarat, and I wanted to bring it to the world map of tourism. And now we are establishing the world’s largest maritime museum there. When we go from Amreli to Ahmedabad, it comes on the way, it is not very far, we have to go a little further.

    Our attempt is to showcase Bharat’s maritime heritage to the world, highlighting the legacy of our ancient seafarers. Our efforts are also aligned with the Blue Revolution to enhance marine resource development, and port-led development is playing a crucial role in advancing the vision of a ‘Viksit Bharat’ (Developed India). Infrastructure in places like Jafrabad and Shiyal Bet is being enhanced, turning Amreli into a prominent regional hub. The modernization of Pipavav port has opened new avenues for thousands of jobs and increased capacity for handling over a million containers and thousands of vehicles. We aim to connect all of Gujarat’s ports with the rest of the country, fostering a seamless network that benefits the economy nationwide.

    On the other hand, there is equal concern about the life of a common man. Our infrastructure initiatives extend to providing affordable housing, electricity, railways, roads, gas pipelines, telecommunications, optical fibers, and hospitals. In our third term, because after 60 years the country has given an opportunity to any Prime Minister to serve as Prime Minister for the third time. I cannot be thankful enough for the cooperation with Gujarat in this. We have seen this holistic approach to connectivity has already yielded tremendous results in Saurashtra, attracting large-scale industries. As the infrastructure improves, large-scale industries come in; we have seen the benefits of the RoRo ferry service. I used to hear about it in school: ‘Goga’s ferry, Goga’s ferry,’ but no one had done anything about it. We got the opportunity, and now over 700,000 people have used this RoRo ferry service. More than 100,000 vehicles and over 75,000 trucks and buses have benefited from it. It has saved countless people time and money, and so much petrol smoke has been avoided. If you calculate that, we would all be surprised why such a significant work wasn’t done earlier. I believe such good works were destined for me.

    Today, the work is underway to create the Amritsar-Bhatinda Economic Corridor from Jamnagar. The biggest benefits will be gained from it. The states from Gujarat to Punjab will also benefit from it. There are large economic zones being established along that route. Major projects are coming up, and with the inauguration of the road project, the Jamnagar-Morbi area is being developed. I have always said that the Rajkot-Morbi-Jamnagar triangle has the potential to be recognized as Bharat’s manufacturing hub. It has the power to be a mini Japan. When I mentioned this 20 years ago, everyone was mocking it. But today it is happening, and the connectivity work is now associated with it. As a result, the connectivity of the cement manufacturing area will also improve. In addition to this, the pilgrimage sites of Somnath, Dwarka, Porbandar, and the Gir Lions are set to become more accessible and magnificent as tourism destinations. Today, the rail connectivity in Kutch has expanded; this connectivity project for Saurashtra and Kutch has made Kutch a national attraction for tourism. People across the country are worried that there will be delays for tourism and industries in Kutch, and they are rushing to explore it.

    As Bharat develops, its pride in the world is increasing. The entire world is looking at Bharat with new hope, and a new perspective is emerging to view Bharat. People are beginning to recognize Bharat’s potential. Today, the whole world is listening to Bharat seriously and attentively. Everyone is discussing the possibilities within Bharat. Gujarat plays a significant role in this; Gujarat has shown the world how much potential lies in the villages of Bharat’s cities. A few days ago, I attended the BRICS summit in Russia, where I had the opportunity to engage in peaceful conversations with many prime ministers and presidents from different countries. The common sentiment among all was that they want to connect with Bharat and be partners in Bharat’s journey of development. All the countries are asking about the investment possibilities in Bharat. When I returned from Russia, the Chancellor of Germany came to Delhi with a large delegation. He brought along industrialists from Germany who invest across Asia. He told them to listen to Modi ji and decide what they want to do in Bharat. This means that Germany is also eager to invest significantly in Bharat. Not only that, he made an important announcement that will benefit our youth. Previously, Germany issued 20,000 visas; he announced that they will now issue 90,000 visas and that they need young people for their factories. The strength of Indian youth is immense, and the people of Bharat are law-abiding and live peacefully together. They stated that they need 90,000 people here and have announced the issuance of 90,000 visas every year. Now it is an opportunity for our youth to prepare according to this need. Today, the President of Spain was here, and Spain plans to invest significantly in Bharat. This will greatly benefit small industries in Gujarat, especially with the establishment of a transport aircraft manufacturing factory in Vadodara. The small factories in Rajkot that produce various tools will also contribute to this aircraft production. People working on small lathe machines from every corner of Gujarat will provide small parts, as thousands of components are needed in an aircraft, and each factory specialises in specific parts. This work will be beneficial for the entire Saurashtra region, where the structure of small industries exists. This opens up numerous employment opportunities.

    Friends,

    When I had the opportunity to serve Gujarat, my mission was to drive both Gujarat’s and Bharat’s development. My guiding principle was that Gujarat’s progress leads to Bharat’s progress. By building a ‘Viksit Gujarat’ (Prosperous Gujarat), we pave the way for a ‘Viksit Bharat’ (Developed India).

    Friends,

    Today, after a long time, I find myself among many familiar faces, and it fills me with joy to see everyone smiling and happy. Once again, I encourage my dear friend Savjibhai to shift his focus from Surat and instead, focus on ensuring water reaches every corner of Gujarat. Let’s bring the full benefits of the 80/20 schemes to Gujarat. My best wishes to all of you.

    Join me in saying:

    Bharat Mata ki – Jai!

    Bharat Mata ki – Jai!

    Bharat Mata ki – Jai!

    Thank you, friends.

    (Disclaimer – Original speech is in Gujarati. This is the approximate translation in English language).

     

    ***

    MJPS/VJ/VK

    (Release ID: 2069053) Visitor Counter : 550

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI Asia-Pac: Marching Towards Atmanirbharta: India’s Defence Revolution

    Source: Government of India (2)

    Marching Towards Atmanirbharta: India’s Defence Revolution

    Domestic production hit ₹1.27 lakh crore in FY 2023-24, with exports growing 30x in a decade

    Posted On: 29 OCT 2024 11:21AM by PIB Delhi

    Introduction

    The recent inauguration of the TATA Aircraft Complex at the TATA Advanced Systems Limited (TASL) Campus in Vadodara, Gujarat, on October 28, 2024, marks a key milestone in India’s journey toward Atmanirbharta in defence. This facility, dedicated to manufacturing C-295 military transport aircraft, becomes the first private sector Final Assembly Line (FAL) for military aircraft in India, underscoring the government’s commitment to enhancing indigenous production capabilities. Under the program, 56 C-295 aircraft will be delivered, with the initial 16 arriving from Airbus in Spain and the remaining 40 produced domestically. This initiative exemplifies India’s shift toward self-reliance in defence manufacturing, aimed at strengthening operational readiness and reducing dependency on foreign imports.

    India’s commitment to Atmanirbharta in defence is further evidenced by its transformation from a major arms importer to an emerging centre for indigenous production. Driven by strategic government policies, this shift reached a landmark in FY 2023-24, with the Ministry of Defence reporting an unprecedented ₹1.27 lakh crore in domestic defence production. Once reliant on foreign suppliers, India now places a high priority on self-reliant manufacturing to meet its security needs, reinforcing its vision to strengthen national resilience and reduce dependency on external sources.

     

    Rise in India’s Defence Production

    India has achieved the highest-ever growth in indigenous defence production in value terms during Financial Year (FY) 2023-24, driven by the successful implementation of government policies and initiatives led by Prime Minister Shri Narendra Modi, focusing on attaining
    Atmanirbharta. According to data from all Defence Public Sector Undertakings (DPSUs), other public sector units manufacturing defence items, and private companies, the value of defence production has surged to a record high of ₹1,27,265 crore, representing an impressive increase of approximately 174% from ₹46,429 crore in 2014-15.

    Historically, India relied heavily on foreign countries for its defence needs, with about 65-70% of defence equipment being imported. However, this landscape has dramatically shifted, with around 65% of defence equipment now manufactured within India. This transformation reflects the country’s commitment to self-reliance in this critical sector and underscores the strength of its defence industrial base, which comprises 16 Defence Public Sector Units (DPSUs), over 430 licensed companies, and approximately 16,000 Micro, Small, and Medium Enterprises (MSMEs). Notably, 21% of this production comes from the private sector, bolstering India’s journey toward self-reliance.

    As part of the Make in India initiative, major defence platforms such as the Dhanush Artillery Gun System, Advanced Towed Artillery Gun System (ATAGS), Main Battle Tank (MBT) Arjun, Light Combat Aircraft (LCA) Tejas, submarines, frigates, corvettes, and the recently commissioned INS Vikrant have been developed, reflecting the growing capabilities of India’s defence sector.

    Consequently, the annual defence production has not only crossed ₹1.27 lakh crore but is also on track to reach a target of ₹1.75 lakh crore in the current fiscal year. With aspirations to achieve ₹3 lakh crore in defence production by 2029, India is solidifying its position as a global manufacturing hub for defence.

     

    India’s Defence Exports Surge

    India’s defence exports have reached an all-time high, surging from ₹686 crore in FY 2013-14 to ₹21,083 crore in FY 2023-24, reflecting a remarkable increase of over 30 times in export value over the past decade.

    This achievement is driven by effective policy reforms, initiatives, and improvements in the ease of doing business implemented by the government, all aimed at attaining self-reliance in defence. Notably, defence exports also experienced a substantial growth of 32.5% over the previous fiscal year, rising from ₹15,920 crore.

    India’s export portfolio boasts a diverse range of advanced defence equipment, including bulletproof jackets and helmets, Dornier (Do-228) aircraft, Chetak helicopters, fast interceptor boats, and lightweight torpedoes. A noteworthy highlight is the inclusion of ‘Made in Bihar’ boots in the Russian Army’s equipment, marking a significant milestone for Indian products in the global defence market and showcasing the country’s high manufacturing standards.

    Currently, India exports to over 100 nations, with the top three destinations for defence exports in 2023-24 being the USA, France, and Armenia. According to Raksha Mantri Shri Rajnath Singh, the target is to further increase defence exports to ₹50,000 crore by 2029. This expanding international footprint underscores India’s commitment to becoming a reliable defence partner globally while bolstering its economic growth through enhanced defence production and exports.

    Key Government Initiatives

    In recent years, the Indian government has implemented a series of transformative initiatives aimed at bolstering the country’s defence production capabilities and achieving self-reliance. These measures are designed to attract investment, enhance domestic manufacturing, and streamline procurement processes. From liberalizing foreign direct investment (FDI) limits to prioritizing indigenous production, these initiatives reflect a robust commitment to strengthening India’s defence industrial base. The following points outline the key government initiatives that have been pivotal in driving growth and innovation in the defence sector.

    • Liberalized FDI Policy: The Foreign Direct Investment (FDI) limit in the defence sector was raised in 2020 to 74% through the Automatic Route for companies seeking new defence industrial licenses and up to 100% through the Government Route for those likely to result in access to modern technology. As of February 9, 2024, ₹5,077 crore worth of FDI has been reported by companies operating in the defence sector.
    • Budget Allocation: The allocation for the Ministry of Defence for the financial year 2024-25 is ₹6,21,940.85 crore, as part of the “Demand for Grant” presented in Parliament during the ongoing Budget Session.
    • Priority for Domestic Procurement: Emphasis is placed on procuring capital items from domestic sources under the Defence Acquisition Procedure (DAP)-2020.
    • Positive Indigenization Lists: Notification of five ‘Positive Indigenization Lists’ totalling 509 items of services and five lists of 5,012 items from Defence Public Sector Undertakings (DPSUs), with an embargo on imports beyond specified timelines.
    • Simplified Licensing Process: Streamlining the industrial licensing process with a longer validity period.
    • iDEX Scheme Launch: The Innovations for Defence Excellence (iDEX) scheme was launched to involve startups and Micro, Small, and Medium Enterprises (MSMEs) in defence innovation.

     

    • Public Procurement Preference: Implementation of the Public Procurement (Preference to Make in India) Order 2017 to support domestic manufacturers.

     

    • Indigenization Portal: Launch of the Self-Reliant Initiatives through Joint Action (SRIJAN) portal to facilitate indigenization by Indian industry, including MSMEs.

     

    • Defence Industrial Corridors: Establishment of two Defence Industrial Corridors, one each in Uttar Pradesh and Tamil Nadu, to promote defence manufacturing.

     

    • Opening Defence R&D: Defence Research & Development (R&D) has been opened up for industry and startups to foster innovation and collaboration.

     

    • Domestic Procurement Allocation: Out of the total allocation of ₹1,40,691.24 crore under the Capital Acquisition (Modernization) Segment, ₹1,05,518.43 crore (75%) has been earmarked for domestic procurement in the Budget Estimates for 2024-25.

     

    Conclusion

    India’s journey toward Atmanirbharta in defence reflects a transformative shift from reliance on imports to becoming a self-sufficient manufacturing hub. The record achievements in domestic production and exports underscore the government’s commitment to enhancing national security and bolstering economic growth through robust defence initiatives. With strategic policies in place, a growing emphasis on indigenization, and a vibrant defence industrial base, India is poised to not only meet its own security needs but also emerge as a key player in the global arms market. The ambitious targets set for future production and exports signify a strong resolve to reinforce the country’s position as a reliable defence partner worldwide. As India continues to innovate and collaborate across sectors, it is well on its way to solidifying its status as a formidable force in global defence manufacturing.

     

    References:

    Click here to see in PDF:

    Santosh Kumar/ Ritu Kataria/ Saurabh Kalia

    (Release ID: 2069090) Visitor Counter : 21

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI Security: Malware targeting millions of people taken down by international coalition

    Source: Eurojust

    A global operation, supported by Eurojust, has led to the takedown of servers of infostealers, a type of malware used to steal personal data and conduct cybercrimes worldwide. The infostealers, RedLine and META, taken down today targeted millions of victims worldwide, making it one of the largest malware platforms globally. An international coalition of authorities from the Netherlands, the United States, Belgium, Portugal, the United Kingdom and Australia shut down three servers in the Netherlands, seized two domains, unsealed charges in the United States and took two people into custody in Belgium.

    RedLine and Meta were able to steal personal data from infected devices. The data included saved usernames and passwords, and automatically saved form data, such as addresses, email addresses, phone numbers, cryptocurrency wallets, and cookies. After retrieving the personal data, the infostealers sold the information to other criminals through criminal market places. The criminals who purchased the personal data used it to steal money, cryptocurrency and to carry out follow-on hacking activities.

    Investigations into RedLine and Meta started after victims came forward and a security company notified authorities about possible servers in the Netherlands linked to the software. Authorities discovered that over 1 200 servers in dozens of countries were running the malware. To take down the transnational malware, Eurojust coordinated cooperation between authorities from the Netherlands, the United States, Belgium, Portugal, United Kingdom and Australia. Through Eurojust, authorities were able to quickly exchange information and coordinate actions to take down the infostealers.

    The take down of the infostealers took place on 28 October during a worldwide operation. Three servers were taken down in the Netherlands, two domains were seized, charges were unsealed in the United States and two people were taken into custody in Belgium. After the authorities obtained the data and took down the servers, a message was sent to the alleged perpetrators, including a video. The video sends a strong message to the criminals, showing that the international coalition of authorities was able to obtain crucial data on their network and will shut down their criminal activities. After the message was sent, Belgian authorities took down several Redline and Meta communication channels.

    The authorities also retrieved a database of clients from RedLine and Meta. Investigations will now continue into the criminals using the stolen data.

    For people concerned they may have fallen victim to RedLine and Meta, a private security company has launched an online tool to allow people to check if their data was stolen. The tool helps potential victims on the steps they need to take if their data has been stolen.

    The following authorities were involved in the actions:

    • The Netherlands: National Police, Team Cybercrime Limburg, Public Prosecution Service
    • United States: Federal Bureau of Investigation; Naval Criminal Investigative Service; Internal Revenue Service Criminal Investigations; Department of Defense Criminal Investigative Service; Army Criminal Investigation Division
    • Belgium: Federal Prosecutor’s Office; Federal Police
    • Portugal: Polícia Judiciária
    • United Kingdom: National Crime Agency
    • Australia: Australian Federal Police

    MIL Security OSI –

    January 25, 2025
  • MIL-OSI: CECO Environmental Reports Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Company Produces Record Q3 Bookings and Highest-Ever Backlog
    Q3 Revenue and Income Impacted by Customer-Driven Project Delays
    Announced the Acquisition of Profire Energy (Nasdaq: PFIE) for $125 Million
    Completed Acquisition of WK, in Early October
    Updates FY24 Guidance and Introduces 2025 Outlook

    DALLAS, Oct. 29, 2024 (GLOBE NEWSWIRE) — CECO Environmental Corp. (Nasdaq: CECO) (“CECO”), (the “Company”), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the third quarter of 2024. In addition, CECO, announces it has completed the acquisition of WK, an Industrial Air company headquartered in Germany, in early October. Additionally, the Company announced the acquisition of Profire Energy, Inc. (NASDAQ: PFIE) (“Profire”), a leader in burner management technology and combustion control systems that provide mission-critical combustion automation and control solutions and services to improve environmental efficiency, safety and reliability for industrial thermal applications globally.

    Third Quarter Summary(1)

    • Orders of $162.3 million, up 12 percent
    • Backlog of $437.5 million
    • Revenue of $135.5 million, down 9 percent
    • Gross profit of $45.3 million, up 5 percent; Gross margin of 33.4 percent, up 460 basis points
    • Net income of $2.1 million, down 36 percent; non-GAAP net income of $5.2 million, down 32 percent
    • GAAP EPS (diluted) of $0.06; non-GAAP EPS (diluted) of $0.14, down 36 percent
    • Adjusted EBITDA of $14.3 million, down 5 percent
    • Free cash flow of $11.1 million, down $17.4 million

    Subsequent to the Quarter

    • Completes the acquisition of WK in early October
    • Announces the acquisition of Profire; expected to close by January 2025

    (1) All comparisons are versus the comparable prior year period, unless otherwise stated.
    Reconciliations of GAAP (reported) to non-GAAP measures are in the attached financial tables.

    Todd Gleason, CECO’s Chief Executive Officer commented, “While our third quarter produced very strong orders and a new record backlog, we were disappointed that we fell short of the anticipated quarterly revenue and income outlook as a handful of customer-driven delays in larger projects could not be overcome by continued progress with margin expansion and other actions. These delayed projects are expected to begin activity over the coming months and the impact is reflected in our updated full year 2024 and newly introduced full year 2025 outlook. We are excited to have been awarded several large energy transition and general industrial orders in the quarter and we anticipate this trend to continue as we are forecasting a very strong fourth quarter bookings period.”

    Third quarter operating income was $7.2 million, down $0.7 million or 9 percent when compared to $7.9 million in the third quarter 2023. On an adjusted basis, non-GAAP operating income was $11.0 million, down $1.8 million or 14 percent when compared to $12.8 million in the third quarter of 2023. Net income was $2.1 million in the quarter, down $1.2 million or 36 percent when compared to $3.3 million in the third quarter of 2023. Non-GAAP net income was $5.2 million, down $2.4 million or 32 percent when compared to $7.6 million in the third quarter of 2023. Adjusted EBITDA of $14.3 million, reflecting a margin of 10.6 percent, was down 5 percent compared to $15.1 million in the third quarter of 2023. Free cash flow in the quarter was $11.1 million, down $17.4 million compared to $28.5 million in the third quarter of 2023.

    Completes Acquisition of WK

    CECO today announced that in early October it completed the acquisition of Germany-based, WK – a leading industrial air business with well-established global customers and a strong Asia-Pacific presence, based out of Singapore. WK designs, engineers and supplies a broad range of cutting-edge technical equipment and systems for process and environmental and surface technology applications, as well as innovative sustainable solutions. This acquisition strengthens CECO’s footprint and capabilities within the industrial processing solutions segment and further advances the Company’s Industrial Air and leadership positions. WK is expected to deliver full year 2024 sales of approximately $15 million with the potential for high-teen EBITDA margins.

    “I would like to welcome the WK organization to our portfolio of leading industrial air solutions businesses,” said Mr. Gleason. “Together we will advance our joint capabilities to better serve global customers while penetrating markets with solutions and services from across our diverse enterprise.”

    Announces Acquisition of Profire Energy, Inc. (Nasdaq: PFIE)

    “I am excited that today we announced the acquisition of Profire in an all-cash transaction that we expect will close in January 2025. Profire expects to generate approximately $60 million in revenues with adjusted EBITDA margins of approximately 20 percent in the full year 2024. With an installed base approaching 100,000 burner management systems and a growing industrial market product offering, we look forward to accelerating their global market expansion and introducing their high-efficiency solutions to more customers in the industrial air and water markets. We are confident the increased scale and combined corporate organizations will generate meaningful efficiencies and synergies. The addition of Profire is another important step in our ongoing execution of programmatic M&A and we expect it will further advance our position as the leading environmental solutions provider in industrial markets,” added Mr. Gleason.

    Updates 2024 Full Year Guidance

    The Company updated its 2024 full year revenue guidance to reflect revenue between $575 and $600 million, up approximately 10 percent year over year at the midpoint of the range, and adjusted EBITDA between $65 to $70 million, up approximately 17 percent year over year, at the midpoint of the range. The updated expected full year guidance compares to the previous outlook for revenues of between $600 to $620 million and adjusted EBITDA of between $68 to $72 million. The Company expects 2024 full year bookings guidance to reflect a book to bill rate of or in excess of 1.2x, up from a previous range of 1.05x to 1.1x. The Company maintains its full year outlook for free cash flow of 50% to 70% of adjusted EBITDA.

    “Our updated full year 2024 guidance essentially mirrors the initial outlook we provided as we entered 2024. As previously mentioned, unfortunately, the customer-driven delays associated with a handful of larger projects impacted our ability to hit the raised guidance we issued mid-year. This is the first time we have reduced guidance in company history, and although this is disappointing for our short-term results, we remain very pleased with our bookings, margin expansion progress and overall execution. Additionally, the revenue and associated income from the 2024 project delays slide into upcoming quarters, so we remain focused on execution and controlling factors we can influence,” said Mr. Gleason.

    Introduces 2025 Full Year Guidance

    The Company introduced its 2025 full year guidance to reflect revenue between $700 and $750 million, up approximately 25 percent at the midpoint of the range, and adjusted EBITDA between $90 and $100 million, up approximately 40% at the midpoint of the range. The Company expects full year free cash flow of between 50% to 70% of adjusted EBITDA.

    Mr. Gleason concluded, “Our full year 2025 outlook reflects the visibility we have with our record backlog, ongoing strong bookings, 2024 related project push outs, and the impact from already completed acquisitions and the pending transaction with Profire. We continue to drive an aggressive operating model that supports strong organic growth, coupled with steady margin expansion and additions from accretive and strategic acquisitions.”

    EARNINGS CONFERENCE CALL

    A conference call is scheduled for today at 8:30 a.m. ET to discuss the third quarter 2024 financial results. Please visit the Investor Relations portion of the website (https://investors.cecoenviro.com) to listen to the call via webcast. The conference call may also be accessed by visiting https://edge.media-server.com/mmc/p/4ui844vi.

    A replay of the conference call will be available on the Company’s website for a period of one year. The replay may also be accessed by visiting https://edge.media-server.com/mmc/p/4ui844vi.

    ABOUT CECO ENVIRONMENTAL

    CECO Environmental is a leading environmentally focused, diversified industrial company, serving the broad landscape of industrial air, industrial water and energy transition markets globally providing innovative solutions and application expertise. CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect people, the environment and industrial equipment. CECO solutions improve air and water quality, optimize emissions management, and increase energy efficiency for highly-engineered applications in power generation, midstream and downstream hydrocarbon processing and transport, electric vehicle production, polysilicon fabrication, semiconductor and electronics, battery production and recycling, specialty metals and steel production, beverage can, and water/wastewater treatment and a wide range of other industrial end markets. CECO is listed on Nasdaq under the ticker symbol “CECO.” Incorporated in 1966, CECO’s global headquarters is in Dallas, Texas. For more information, please visit www.cecoenviro.com.

    Company Contact:
    Peter Johansson
    Chief Financial and Strategy Officer
    888-990-6670
    investor.relations@onececo.com

    Investor Relations Contact:
    Steven Hooser and Jean Marie Young
    Three Part Advisors, LLC
    214-872-2710
    investor.relations@onececo.com

    CECO ENVIRONMENTAL CORP. AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
               
    (in thousands, except per share data) (unaudited)
    September 30, 2024
        December 31, 2023  
    ASSETS          
    Current assets:          
    Cash and cash equivalents $ 38,700     $ 54,779  
    Restricted cash   226       669  
    Accounts receivable, net of allowances of $7,214 and $6,460   100,111       112,733  
    Costs and estimated earnings in excess of billings on uncompleted contracts   68,500       66,574  
    Inventories, net   37,760       34,089  
    Prepaid expenses and other current assets   27,143       11,769  
    Prepaid income taxes   3,826       824  
    Total current assets   276,266       281,437  
    Property, plant and equipment, net   32,306       26,237  
    Right-of-use assets from operating leases   24,690       16,256  
    Goodwill   220,026       211,326  
    Intangible assets – finite life, net   51,547       50,461  
    Intangible assets – indefinite life   9,598       9,570  
    Deferred income taxes   287       304  
    Deferred charges and other assets   6,792       4,700  
    Total assets $ 621,512     $ 600,291  
    LIABILITIES AND SHAREHOLDERS’ EQUITY          
    Current liabilities:          
    Current portion of debt $ 10,580     $ 10,488  
    Accounts payable   92,316       87,691  
    Accrued expenses   43,762       44,301  
    Billings in excess of costs and estimated earnings on uncompleted contracts   64,801       56,899  
    Notes payable   1,700       2,500  
    Income taxes payable   —       1,227  
    Total current liabilities   213,159       203,106  
    Other liabilities   10,336       12,644  
    Debt, less current portion   122,818       126,795  
    Deferred income tax liability, net   9,622       8,838  
    Operating lease liabilities   19,696       11,417  
    Total liabilities   375,631       362,800  
    Commitments and contingencies (See Note 14)          
    Shareholders’ equity:          
    Preferred stock, $.01 par value; 10,000 shares authorized, none issued   —       —  
    Common stock, $.01 par value; 100,000,000 shares authorized, 34,979,018 and
    34,835,293 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively
      349       348  
    Capital in excess of par value   253,590       254,956  
    Retained earnings (accumulated loss)   1,692       (6,387 )
    Accumulated other comprehensive loss   (14,374 )     (16,274 )
    Total CECO shareholders’ equity   241,257       232,643  
    Noncontrolling interest   4,624       4,848  
    Total shareholders’ equity   245,881       237,491  
    Total liabilities and shareholders’ equity $ 621,512     $ 600,291  
    CECO ENVIRONMENTAL CORP. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF INCOME
    (unaudited)
               
      Three months ended September 30,     Nine months ended September 30,  
    (in thousands, except share and per share data) 2024     2023     2024     2023  
    Net sales $ 135,513     $ 149,390     $ 399,367     $ 391,134  
    Cost of sales   90,247       106,269       259,921       273,303  
    Gross profit   45,266       43,121       139,446       117,831  
    Selling and administrative expenses   34,262       30,439       105,636       86,082  
    Amortization and earnout expenses   2,617       1,968       7,036       5,988  
    Acquisition and integration expenses   1,210       1,386       1,876       2,210  
    Executive transition expenses   —       1,258       —       1,417  
    Restructuring expenses   (10 )     217       544       217  
    Asbestos litigation expenses   —       —       225       —  
    Income from operations   7,187       7,853       24,129       21,917  
    Other expense, net   (398 )     (216 )     (2,589 )     (670 )
    Interest expense   (2,648 )     (3,340 )     (9,315 )     (9,498 )
    Income before income taxes   4,141       4,297       12,225       11,749  
    Income tax expense   1,602       585       2,664       1,577  
    Net income   2,539       3,712       9,561       10,172  
    Noncontrolling interest   (453 )     (382 )     (1,482 )     (1,140 )
    Net income attributable to CECO Environmental Corp. $ 2,086     $ 3,330     $ 8,079     $ 9,032  
    Earnings per share:                      
    Basic $ 0.06     $ 0.10     $ 0.23     $ 0.26  
    Diluted $ 0.06     $ 0.09     $ 0.22     $ 0.26  
    Weighted average number of common shares outstanding:                      
    Basic   34,966,625       34,771,742       34,910,165       34,612,163  
    Diluted   36,488,788       35,301,429       36,322,690       35,215,843  
    CECO ENVIRONMENTAL CORP. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CASH FLOWS
         
      Nine months ended September 30,  
    (in thousands) 2024     2023  
    Cash flows from operating activities:          
    Net income $ 9,561     $ 10,172  
    Adjustments to reconcile net income to net cash provided by (used in) operating activities:          
    Depreciation and amortization   10,536       8,769  
    Unrealized foreign currency gain (loss)   201       (138 )
    Fair value adjustment to earnout liabilities   400       296  
    Gain on sale of property and equipment   135       43  
    Debt discount amortization   357       271  
    Share-based compensation expense   5,790       3,096  
    Bad debt expense   404       154  
    Inventory reserve expense   850       526  
    Other   77       —  
    Changes in operating assets and liabilities, net of acquisitions:          
    Accounts receivable   9,653       (25,961 )
    Costs and estimated earnings in excess of billings on uncompleted contracts   (1,498 )     6,006  
    Inventories   (4,305 )     (10,395 )
    Prepaid expense and other current assets   (18,059 )     (8,228 )
    Deferred charges and other assets   (2,755 )     (268 )
    Accounts payable   15,387       21,162  
    Accrued expenses   (550 )     7,868  
    Billings in excess of costs and estimated earnings on uncompleted contracts   7,286       19,330  
    Income taxes payable   (1,140 )     261  
    Other liabilities   (9,330 )     (3,473 )
    Net cash provided by operating activities   23,000       29,491  
    Cash flows from investing activities:          
    Acquisitions of property and equipment   (11,237 )     (5,511 )
    Net cash paid for acquisitions   (14,954 )     (48,102 )
    Net cash used in investing activities   (26,191 )     (53,613 )
    Cash flows from financing activities:          
    Borrowings on revolving credit lines   58,400       94,200  
    Repayments on revolving credit lines   (54,800 )     (63,200 )
    Repayments of long-term debt   (7,843 )     (2,478 )
    Payments on finance leases and financing liability   (692 )     (680 )
    Deferred consideration paid for acquisitions   (2,050 )     (1,247 )
    Earnout payments   (1,672 )     (1,496 )
    Proceeds from employee stock purchase plan and exercise of stock options   846       1,435  
    Noncontrolling interest distributions   (1,707 )     (1,364 )
    Common stock repurchased   (5,000 )     —  
    Net cash (used in) provided by financing activities   (14,518 )     25,170  
    Effect of exchange rate changes on cash, cash equivalents and restricted cash   1,187       703  
    Net (decrease) increase in cash, cash equivalents and restricted cash   (16,522 )     1,751  
    Cash, cash equivalents and restricted cash at beginning of period   55,448       46,585  
    Cash, cash equivalents and restricted cash at end of period $ 38,926     $ 48,336  
    Cash paid during the period for:          
    Interest $ 9,714     $ 8,531  
    Income taxes $ 6,779     $ 8,633  
    CECO ENVIRONMENTAL CORP. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP MEASURES
               
      Three months ended September 30,     Nine months ended September 30,  
    (in millions, except ratios) 2024     2023     2024     2023  
    Operating income as reported in accordance with GAAP $ 7.2     $ 7.9     $ 24.1     $ 21.9  
    Operating margin in accordance with GAAP   5.3 %     5.3 %     6.0 %     5.6 %
    Amortization and earnout expenses   2.6       2.0       7.1       6.0  
    Acquisition and integration expenses   1.2       1.4       1.9       2.2  
    Restructuring expenses   —       0.2       0.5       0.2  
    Executive transition expenses   —       1.3       —       1.4  
    Asbestos litigation expenses   —       —       0.2       —  
    Non-GAAP operating income $ 11.0     $ 12.8     $ 33.8     $ 31.7  
    Non-GAAP operating margin   8.1 %     8.6 %     8.5 %     8.1 %
      Three months ended September 30,     Nine months ended September 30,  
    (in millions, except share data) 2024     2023     2024     2023  
    Net income as reported in accordance with GAAP $ 2.1     $ 3.3     $ 8.1     $ 9.0  
    Amortization and earnout expenses   2.6       2.0       7.1       6.0  
    Acquisition and integration expenses   1.2       1.4       1.9       2.2  
    Restructuring expenses   —       0.2       0.5       0.2  
    Executive transition expense   —       1.3       —       1.4  
    Asbestos litigation expense   —       —       0.2       –  
    Foreign currency remeasurement   0.3       0.8       1.8       (0.1 )
    Tax (benefit) expense of adjustments   (1.0 )     (1.4 )     (2.8 )     (2.4 )
    Non-GAAP net income $ 5.2     $ 7.6     $ 16.8     $ 16.3  
    Depreciation   1.4       1.2       4.0       3.5  
    Non-cash stock compensation   1.9       1.1       5.8       3.1  
    Other expense, net   0.1       (0.6 )     0.8       0.8  
    Interest expense   2.6       3.3       9.3       9.5  
    Income tax expense   2.6       2.0       5.6       4.0  
    Noncontrolling interest   0.5       0.4       1.5       1.2  
    Adjusted EBITDA $ 14.3     $ 15.0     $ 43.8     $ 38.4  
                           
    Earnings per share:                      
    Basic $ 0.06     $ 0.09     $ 0.23     $ 0.26  
    Diluted $ 0.06     $ 0.10     $ 0.22     $ 0.26  
                           
    Non-GAAP net income per share:                      
    Basic $ 0.15     $ 0.22     $ 0.48     $ 0.47  
    Diluted $ 0.14     $ 0.22     $ 0.46     $ 0.46  
      Three months ended September 30,     Nine months ended September 30,  
    (in millions) 2024     2023     2024     2023  
    Net cash provided by operating activities $ 15.1     $ 30.1     $ 23.0     $ 29.5  
    Acquisitions of property and equipment   (4.0 )     (1.6 )     (11.2 )     (5.5 )
    Free cash flow $ 11.1     $ 28.5     $ 11.8     $ 24.0  
                                   

    NOTE REGARDING NON-GAAP FINANCIAL MEASURES

    CECO is providing certain non-GAAP historical financial measures as presented above as we believe that these figures are helpful in allowing individuals to better assess the ongoing nature of CECO’s core operations. A “non-GAAP financial measure” is a numerical measure of a company’s historical financial performance that excludes amounts that are included in the most directly comparable measure calculated and presented in accordance with GAAP.

    Non-GAAP operating income, non-GAAP net income, non-GAAP operating margin, non-GAAP earnings per basic and diluted share, adjusted EBITDA and free cash flow, as we present them in the financial data included in this press release, have been adjusted to exclude the effects of amortization expenses for acquisition-related intangible assets, contingent retention and earnout expenses, restructuring expenses primarily relating to severance and legal expenses, acquisition and integration expenses which include retention, legal, accounting, banking, and other expenses, foreign currency remeasurement and other nonrecurring or infrequent items and the associated tax benefit of these items. Management believes that these items are not necessarily indicative of the Company’s ongoing operations and their exclusion provides individuals with additional information to better compare the Company’s results over multiple periods. Management utilizes this information to evaluate its ongoing financial performance. Our financial statements may continue to be affected by items similar to those excluded in the non-GAAP adjustments described above, and exclusion of these items from our non-GAAP financial measures should not be construed as an inference that all such costs are unusual or infrequent.

    Non-GAAP operating income, non-GAAP net income, non-GAAP operating margin, non-GAAP earnings per basic and diluted share, adjusted EBITDA and free cash flow are not calculated in accordance with GAAP, and should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of our business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of CECO’s results as reported under GAAP. Additionally, CECO cautions investors that non-GAAP financial measures used by the Company may not be comparable to similarly titled measures of other companies.

    In accordance with the requirements of Regulation G issued by the Securities and Exchange Commission, non-GAAP operating income, non-GAAP net income, non-GAAP operating margin, non-GAAP earnings per basic and diluted share, adjusted EBITDA and free cash flow stated in the tables above are reconciled to the most directly comparable GAAP financial measures.

    Non-GAAP measures presented on a forward-looking basis were not reconciled to the comparable GAAP financial measures because the reconciliation could not be performed without unreasonable efforts. The GAAP measures are not accessible on a forward-looking basis because we are currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact GAAP measures for these periods but would not impact the non-GAAP measures. Such items may include amortization expenses for acquisition-related intangible assets, contingent retention and earnout expenses, restructuring expenses primarily relating to severance and legal expenses, acquisition and integration expenses which include retention, legal, accounting, banking, and other expenses, foreign currency remeasurement and other nonrecurring or infrequent items and the associated tax benefit of these items. The unavailable information could have a significant impact on our GAAP financial results.

    SAFE HARBOR

    Any statements contained in this Press Release, other than statements of historical fact, including statements about management’s beliefs and expectations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, and should be evaluated as such. These statements are made on the basis of management’s views and assumptions regarding future events and business performance. We use words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “will,” “plan,” “should” and similar expressions to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Potential risks and uncertainties, among others, that could cause actual results to differ materially are discussed under “Part I – Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and may be included in subsequently filed Quarterly Reports on Form 10-Q, and include, but are not limited to: the parties’ ability to complete the proposed Profire transactions in the anticipated timeframe or at all, the occurrence of any event, change or other circumstance that could give rise to the termination of the Profire transaction agreement between the parties, the effect of the announcement or pendency of the proposed Profire transaction on business relationships, operating results, and business generally, disruption of current plans and operations and potential difficulties in employee retention as a result of the proposed Profire transaction, diversion of management’s attention from ongoing business operations as a result of the Profire transaction, the outcome of any legal proceedings that may be instituted related to the proposed Profire transaction, the amount of the costs, fees, expenses and other charges related to the proposed Profire transaction, the risk that competing offers or acquisition proposals will be made, the achievement of the anticipated benefits of the Profire transaction, the ability of Profire to achieve its 2024 earnings guidance, our ability to successfully integrate acquired businesses and realize the synergies from acquisitions, the sensitivity of our business to economic and financial market conditions generally and economic conditions in our service areas; dependence on fixed price contracts and the risks associated therewith, including actual costs exceeding estimates and method of accounting for revenue; the effect of growth on our infrastructure, resources, and existing sales; the ability to expand operations in both new and existing markets; the potential for contract delay or cancellation as a result of on-going or worsening supply chain challenges; liabilities arising from faulty services or products that could result in significant professional or product liability, warranty, or other claims; changes in or developments with respect to any litigation or investigation; failure to meet timely completion or performance standards that could result in higher cost and reduced profits or, in some cases, losses on projects; the potential for fluctuations in prices for manufactured components and raw materials, including as a result of tariffs and surcharges, and rising energy costs; inflationary pressures relating to rising raw material costs and the cost of labor; the substantial amount of debt incurred in connection with our strategic transactions and our ability to repay or refinance it or incur additional debt in the future; the impact of federal, state or local government regulations; our ability to repurchase shares of our common stock and the amounts and timing of repurchases, if any; our ability to successfully realize the expected benefits of our restructuring program; our ability to successfully identify acquisition targets, integrate acquired businesses and realize the synergies from strategic transactions; and the unpredictability and severity of catastrophic events, including cyber security threats, acts of terrorism or outbreak of war or hostilities or public health crises, as well as management’s response to any of the aforementioned factors. Many of these risks are beyond management’s ability to control or predict. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated. Investors are cautioned not to place undue reliance on such forward-looking statements as they speak only to our views as of the date the statement is made. Except as required under the federal securities laws or the rules and regulations of the Securities and Exchange Commission, we undertake no obligation to update or review any forward-looking statements, whether as a result of new information, future events or otherwise. 

    The MIL Network –

    January 25, 2025
  • MIL-OSI: Nokia signs patent license agreement with HP

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia signs patent license agreement with HP

    • License covers the use of Nokia’s video technologies in HP’s devices
    • Nokia to receive royalty payments
    • The agreement resolves all patent litigation between the parties

    29 October 2024
    Espoo, Finland – Nokia today announced it has signed a multi-year patent license agreement with HP covering the use of Nokia’s video technologies in HP’s devices. Under the agreement HP will make royalty payments to Nokia. The agreement resolves all patent litigation between the parties, in all jurisdictions. The terms of the agreement remain confidential as agreed between the parties.

    Arvin Patel, Chief Licensing Officer New Segments, at Nokia said: “We are delighted to have reached an agreement with HP which recognizes Nokia’s leadership in video and multimedia technologies and our decades-long investments in R&D.”

    Nokia is a leader in the development of video and multimedia technologies, including video compression, content delivery, content recommendation and aspects related to hardware. In the past 25 years, Nokia has created almost 5,000 inventions that enable multimedia products and services, and continues to play a leading role in multimedia research and standardization. Nokia’s expertise in multimedia and video research is built on continuous investment to advance the industry. Nokia has invested around €150 billion in R&D since 2000 (including over €4 billion in 2023 alone) for cutting edge technologies including cellular and multimedia.

    Resources and additional information
    Webpage: Patents powering consumer electronics I Nokia

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Steven Bartholomew, VP Communications and Marketing, Nokia Technologies
    Email: steven.bartholomew@nokia.com

    Follow us on social media
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    The MIL Network –

    January 25, 2025
  • MIL-OSI Video: Sudan, Middle East, Lebanon/Israel & other topics – Daily Press Briefing (28 Oct) | United Nations

    Source: United Nations (Video News)

    Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:
    -Secretary-General travel /Colombia
    -Sudan
    -Sudan/humanitarian
    -Middle East
    -Deputy Secretary-General
    -Lebanon/Israel
    -Lebanon/humanitarian
    -Occupied Palestinian territory
    -Gaza
    -Ukraine
    -Philippines
    -Abyei
    -Sahel and Lake Chad region
    -Briefings today and tomorrow

    Secretary-General travel /Colombia
    The Secretary-General will travel to Cali, in Colombia, to attend the high-level segment of the16th meeting of the Conference of Parties to the Convention on Biological Diversity (COP16). And he is heading out this afternoon.
    On Tuesday, in Cali, he will deliver remarks at the opening of the plenary session of the COP. In his remarks, he is expected to highlight that nature is life, and yet we are waging a war against it – a war where there can be no winner. He is expected to stress that biodiversity is humanity’s ally, and that we must move from plundering to preserving. He will also call for the promises made at the Framework adopted two years ago in Montreal to be turned into actions.
    While attending COP16, the Secretary-General will also meet and engage in discussions with Indigenous people and local communities, as well as other representatives of society, including youth groups and women’s groups. He will also meet with President Gustavo Petro of Colombia.
    On the sidelines of the COP, the Secretary-General will speak at an event on plastic pollution organized by the UN Environment Programme.
    And we expect the Secretary-General back in New York on Wednesday evening.

    Sudan
    In an open session this morning, the Secretary-General briefed the Security Council on the situation in Sudan. As you know, Security Council resolution 2736 that was adopted in June requested that the Secretary-General make recommendations to protect civilians in Sudan. He submitted that to the Security Council last week.
    In his remarks, Mr. Guterres outlined three key priorities from his recommendations: First, both sides must immediately agree to a cessation of hostilities; secondly, that civilians must be protected, and his third priority is related to the flow of humanitarian aid.
    Mr. Guterres added that at present, the conditions do not exist for the successful deployment of a UN force to protect civilians in Sudan.
    However, he said, he stands ready to engage with the Council and others on the range of operational modalities that can meaningfully contribute to the reduction in violence and the protection of civilians.
    Moreover, he urged the Council to continue supporting his Special Envoy, Ramtane Lamamra in his diplomatic efforts.
    Mr. Guterres spoke at length about the humanitarian situation and the suffering in Sudan, which is growing by the day. He also spoke of the shocking reports of mass killings and sexual violence in villages in Aj Jazirah State in the eastern part of the country.

    Sudan/Humanitarian
    The Office for the Coordination of Humanitarian Assistance is expressing concerns at escalating armed violence in Aj Jazirah State.
    Joyce Msuya, our Acting Under-Secretary-General for Humanitarian Affairs says that we received horrific reports of entire villages being attacked, with civilians killed, detained and displaced in huge numbers, and those reports talk about actions between October 20th and 25th. During that time, the Rapid Support Forces reportedly launched a major assault across 30 towns and villages and towns in Aj Jazirah State.
    An estimated 47,000 people have fled the fighting, including to other parts of Aj Jazirah State. We and our partners are continuing to provide assistance to nearly 40,000 people who have sought shelter in Gedaref and Kassala states.
    Those displaced by the violence urgently need food, shelter, health care and protection support. Many of the wounded also need medical attention.
    We and our partners are concerned about civilians who remain trapped in those areas and are unable to escape due to insecurity and fear of abduction, as well as those on the move in search of safety, protection and urgent assistance.
    Also, to flag that the Director General of the International Migration agency, Amy Pope, began today a three-day visit to assess the rapidly deteriorating humanitarian situation and the increasing displacement crisis. The visit in Sudan will focus on rallying international support for the humanitarian response, ensuring that the ongoing crisis in Sudan remains at the forefront of global attention. The Director General will visit various displacement sites to engage directly with impacted communities.

    Full Highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=28%20October%202024

    https://www.youtube.com/watch?v=gLkC0_Y0uHE

    MIL OSI Video –

    January 25, 2025
  • MIL-OSI Europe: EIB approves a €300 million loan to Red Eléctrica for the construction of Salto de Chira hydroelectric power plant in the Canary Islands

    Source: European Investment Bank

    • Salto de Chira is a cutting-edge strategic project for the island of Gran Canaria, which combines a pumped-storage hydroelectric power plant of 200 MW installed power capacity and a desalination plant.
    • It will strengthen Gran Canaria’s electricity system, providing a fundamental back-up to guarantee energy security and electricity supply, critical issues for citizens and businesses.
    • The project contributes to the integration of renewable energies on the island and reflects the important role the EIB is playing in consolidating Spain as the country of renewables.

    The European Investment Bank (EIB) has approved a €300 million loan to finance the construction of the Salto de Chira pumped-storage hydroelectric power plant being built by Red Eléctrica, a subsidiary of Redeia, in Gran Canaria.

    The Salto de Chira power plant will use a system of two water reservoirs at different heights to store or deliver energy from renewable energies according to the needs of the electricity system. It will have a installed power capacity of 200 MW and energy storage capacity of 3,5GWh, making possible to take advantage of surplus renewable production, which would otherwise be lost, at times when the system needs it. In this way, it will contribute to the quality and security of the electricity supply and to greater integration of renewable energies into the electricity system on the island of Gran Canaria. The project also includes the construction of a seawater desalination plant to contribute to water storage, which is also expected to have a positive impact on farming communities’ access to irrigation water.

    “We are delighted to join forces with Red Eléctrica to support the construction of the Salto de Chira hydroelectric power plant. This project is key to ensuring energy autonomy and driving the green transition in Gran Canaria,” said Jean-Christophe Laloux, Director General of Operations in the European Union at the EIB. “The project will improve electricity supply quality and security on the island using existing resources and reflects the EIB’s commitment to territorial cohesion and climate action, two of our strategic priorities.”

    The investment takes part entirely in the Canary Islands, a cohesion and outermost region. It is expected to have a positive impact on the local economy by driving growth and job creation, and firmly backs the EIB Group’s commitment to economic, social and territorial cohesion.

    Commenting on the agreement, the CEO of Redeia, Roberto García Merino, highlighted the importance of this project and of storage in advancing the penetration of renewable energies,  “storage will be one of the key elements in the energy transition, providing flexibility and manageability to the electricity system to integrate large amounts of renewable energies, thus contributing to electrification and access to renewable energy, which is especially important for an electricity system like the Canary Islands, which is isolated and therefore more vulnerable’.

    Once finalized, the pumped-storage hydroelectric power plant will be a fundamental tool for the operation of the system, providing it with the flexibility essential for the substitution of fossil energy sources and the safe and reliable integration of renewable resources, mitigating the interconnection difficulties of the Canary Islands’ electricity systems.

    This project contributes to the decarbonisation objectives of the European Green Deal. It is also part of the EIB’s action plan to support REPowerEU in ensuring energy security and reducing EU dependence on fossil fuel imports.

    Operation of the Salto de Chira pumped-storage plant

    The plant will use two of Gran Canaria’s existing reservoirs, Chira and Soria, to create an electricity-generating waterfall. It will that harnesses the renewable energy stored in the form of water in the upper reservoir to produce energy through an underground hydroelectric plant, reducing its impact on the environment.

    At times of peak renewable energy generation, the excess power will be used to pump water from the lower reservoir (Soria) to the upper one (Chira), storing this energy in the form of water. The water will then be used to generate electricity at times of high demand and low electricity generation from renewable sources.

    The project includes the construction of a seawater desalination plant that will be used to fill the reservoirs and will directly benefit the development of farming communities in the area thanks to the water not needed for the operation of the plant.

    The EIB and energy security

    In 2023, the EIB Group signed more than €21 billion in financing for energy security in Europe. In the same year, it allocated €4.5 billion to this goal in Spain, financing projects in areas including renewable energy, energy efficiency, power grids and storage systems. These investments are helping Europe speed up its transition to sustainable energy and reduce its reliance on fossil fuel imports.

    In July 2023, the EIB Board of Directors raised the amount earmarked for REPowerEU projects to €45 billion. REPowerEU is the plan designed to end Europe’s dependence on fossil fuel imports. To boost financing for the EU manufacturing industry, the EIB will also expand the range of eligible sectors to include leading strategic technologies with net-zero carbon emissions, as well as extraction, processing and recycling of critical raw materials. The additional financing will be disbursed between now and 2027. In total, it is expected to mobilise more than €150 billion in investment in the target sectors.

    Find out more about the EIB’s support for the energy sector here.

    Background information

    EIB

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances sound investments that further EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality.

    The EIB Group, consisting of the EIB and the European Investment Fund (EIF), reported total financing signatures in Spain of €11.4 billion in 2023, approximately €6.8 billion of which went to climate action and environmental sustainability projects. Overall, the EIB Group signed €88 billion in new financing in 2023.

    Red Eléctrica

    Red Eléctrica is the sole transmission agent and operator of the electricity system in Spain. Created in 1985, it is the first TSO in the world, being the first company dedicated exclusively to the operation of the electricity system and the transmission of electricity; a model currently implemented in 22 of the 27 countries of the EU.

    A subsidiary of Redeia, manager of essential electricity and telecommunications infrastructures, Red Eléctrica’s mission has always been to guarantee a safe and quality electricity supply and to develop a reliable electricity transmission grid to provide a service that is essential for households, companies and public services. It is now also a fundamental pillar of Spain’s ecological transition process, developing the grids necessary for this transformation and operating the system for an efficient and safe integration of renewable energies.

    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Europe: Written question – Support for Thessaly’s tourism industry – E-002178/2024

    Source: European Parliament

    18.10.2024

    Question for written answer  E-002178/2024
    to the Commission
    Rule 144
    Emmanouil Fragkos (ECR)

    Unfortunately, Thessaly’s tourism industry became collateral damage in the catastrophic floods of September 2023. The fact that the businesses affected in Thessaly have failed to recover is taking a toll on the Greek tourism industry as a whole.

    Industry representatives are calling for a specific financial instrument to provide direct financial support for tourism businesses that have suffered a huge loss of income, as well as a change in the regulatory framework governing the NSRF and the possibility of funding commensurate with that made available in 2020 as part of the amendment to address the economic crisis associated with the COVID-19 period.

    In view of Article 107(2) TFEU, Member States may determine the design of State aid in compliance with EU State aid rules.

    In light of the above:

    • 1.Does the Commission not consider that reducing red tape and regulatory barriers for tourism businesses to allow them to benefit from the NSRF could help restore their competitiveness to the levels enjoyed before the catastrophic floods?
    • 2.Does the Commission not consider that a temporary tax break for tourism businesses in Thessaly could be an effective way of supporting them with minimal red tape?
    • 3.Provided that there is the time and money for tourism businesses in Thessaly to benefit from the Recovery and Resilience Fund, does the Commission not agree that this kind of targeted support would be fully compatible with the purpose of the Fund?

    Submitted: 18.10.2024

    Last updated: 29 October 2024

    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Europe: Highlights – Confirmation hearing for the Commissioner-designate Raffaele Fitto – 12.10.2024 – Committee on Regional Development

    Source: European Parliament

    The Committee on Regional Development will conduct the confirmation hearing for Raffaele Fitto, Commissioner-designate on Cohesion and Reforms on 12 November 2024.
    EPRS briefing – Raffaele Fitto
    Mission letter – Raffaele Fitto
    Written questions – Raffaele Fitto
    Biography – Raffaele Fitto
    Commissioners-designate 2024-2029

    Source : © European Union, 2024 – EP

    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Europe: EIB Global and the European American Chamber of Commerce New York establish the Transatlantic Resilient Infrastructure Alliance

    Source: European Investment Bank

    EIB

    The European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY) signed a Memorandum of Understanding on Monday to establish the Transatlantic Resilient Infrastructure Alliance, a platform for engaging with the private sector to boost infrastructure financing in low- and middle-income countries.

    This alliance will provide a new grouping for a set of actors interested in infrastructure development and financing, building a transatlantic platform with major organisations from the US and Europe. Participants will include banks, institutional investors (such as pension funds, insurers, asset managers), and industry, all of which will join in an effort to develop sustainable financing options, identify and advance priority projects, and collaborate on the promotion of resilient infrastructure to build a sustainable future.

    TRIA will take as a basis the EIB’s long experience in financing infrastructure investments and complement this through dialogue with European and US businesses keen to support global sustainability goals.

    Based on the MoU, the alliance will regularly convene meetings between EIB senior staff and leaders from EACCNY member companies and associated organisations to improve shared understanding of the financing needs and opportunities in infrastructure projects in developing countries. The members of the alliance will work together to identify gaps in existing financing mechanisms and seek to identify solutions.

    “The initiative will allow us to build closer relationships with existing and potential clients and other partners interested in transatlantic cooperation in low- and middle-income countries,” said Markus Berndt, Head of the European Investment Bank’s Representation in Washington. “The EACCNY brings together a range of important corporates and institutions who have a lot of valuable insights, as we seek to ensure that more private sector finance reaches high priority investments.”

    “Considering the enormous needs in global infrastructure development at this critical moment in time, it is essential that Europe and the United States, two major economic powerhouses, come together and strategically address this challenge,” said Yvonne Bendinger-Rothschild, Executive Director of the EACCNY. “Bringing together public and private financing and expertise will help bridge the gap and improve the speed and efficiency of infrastructure investment around the world. Our members are ready to be part of this ambitious project.”

    The Transatlantic Resilient Infrastructure Alliance is aligned with the broader objectives of the EU’s Global Gateway strategy and the G7 Partnership for Global Infrastructure and Investment, aiming to promote sustainable investment in line with EU and international standards. The scope of TRIA will include all sectors of the Global Gateway strategy, namely digital, climate and energy, transport, health, and education, and their associated value chains.

    The European American Chamber of Commerce New York (EACCNY) is a platform connecting public and private sector entities on both sides of the Atlantic. The goal of the EACCNY is to stimulate transatlantic investment, cross-border business development and to facilitate networking and relationships between its members. To do this, the EACCNY provides its members with access to information, resources and support, on matters affecting business activities between Europe and the US.

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

    EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner in Global Gateway. We aim to support €100 billion of investment by the end of 2027, around one third of the overall target of this EU initiative. With Team Europe, EIB Global fosters strong, focused partnerships, alongside fellow development finance institutions and civil society. EIB Global brings the Group closer to people, companies and institutions through our offices around the world.

    EIB Global and the European American Chamber of Commerce New York establish the Transatlantic Resilient Infrastructure Alliance
    EIB Global and the European American Chamber of Commerce New York establish the Transatlantic Resilient Infrastructure Alliance
    ©EIB
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    EIB Global and the European American Chamber of Commerce New York establish the Transatlantic Resilient Infrastructure Alliance
    EIB Global and the European American Chamber of Commerce New York establish the Transatlantic Resilient Infrastructure Alliance
    ©EIB
    Download original

    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Europe: Written question – Unfortunate expression of approval for Albania’s accession to the EU – E-002177/2024

    Source: European Parliament

    18.10.2024

    Question for written answer  E-002177/2024
    to the Commission
    Rule 144
    Emmanouil Fragkos (ECR)

    The EU Ambassador to Albania said in a statement that Albania can continue its accession path ‘without the need for a plan B’ and he praised ‘the efforts of the Albanian Government in a particularly lengthy and complex process in which candidate countries are asked to implement a series of economic, legislative and sometimes constitutional reforms’. This was following the approval given by the intergovernmental conference (IGC) of the European Council, which ‘examined the negotiating chapters overall for Albania’.

    Unfortunately, this ‘overall examination’ appears hypocritical when one looks at the actual implementation of the Copenhagen accession criteria. Albania shows no respect for the rights of minorities and the implementing authority has full control over the (inexistent) judiciary, as can be seen from the concerted action against the Greek ethnic minority of Northern Epirus. It is clear that the arrest of the elected mayor of Himara, who was a member of the Greek ethnic minority of Northern Epirus, and his removal from office, show a defeat of the institutions, of democracy and of the rule of law against the political machinations of a mafia state and of micropolitical decisions.

    In view of the above:

    • 1.Does the Commission not agree that the full reinstatement of the elected mayor of Himara would be the only way of showing genuine respect for the rule of law and for the rights of the Greek ethnic minority in Albania?
    • 2.Does it not believe that the failure to reinstate the Greek mayor of Himara should be considered a blocking issue for Albania’s accession tot he EU?

    Submitted: 18.10.2024

    Last updated: 29 October 2024

    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Europe: Sparking motorcycle evolution

    Source: European Investment Bank

    Stark Future’s electric dirt bike uses cutting-edge technology and engineering, featuring custom-made key component and innovative electronics. To achieve this, Wass and his team had to reimagine the very essence of the motocross bike itself.

    “Motocross is maybe the most difficult motorcycle to build, and the reason is that it does the most extreme type of riding,” says Wass. “So, it needs to be extremely durable and strong, but it also requires having perfect weight balance, very low weight, high power-to-weight ratio, and all of these things have to match perfectly.”

    This becomes even more complex when designing an electric bike. You need to consider components such as the battery and electrical systems, which significantly impact the bike’s weight, balance, and overall performance.

    “You no longer have things like a gas tank, gears, clutch and an exhaust system,” Anton adds. “It really changes the whole construction of the chassis. But if you stay open minded, this also gives you new opportunities.”

    The final product is truly impressive. The company has developed the most powerful power-to-weight motor of any production motocross bike. The 6.5 kilowatt-hour battery, coupled with a custom carbon fibre sleeve motor, provides up to 80 horsepower, 30% more power than a comparable 450cc motocross gas bike. This setup allows up to six hours of technical trail riding or enough energy to complete a full motocross race, with a recharge time of just two hours.

    The bike also has an adjustable power setting, enabling riders to set the power level anywhere from 10 to 80 horsepower. Thanks to this feature, new riders can reduce the power as needed during the learning curve.



    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Europe: Germany: EIB supports affordable housing in Bremen

    Source: European Investment Bank

    • Housing company GEWOBA is building almost 500 new rental flats and is investing to decarbonise its existing housing stock.
    • The EIB is providing €125 million in co-financing for the project to increase the supply of affordable housing that meets energy efficiency standards.

    The European Investment Bank (EIB) is granting a €125 million loan to housing-company GEWOBA AG Wohnen und Bauen in Bremen. The loan supports an extensive €500 million building and renovation project to increase the supply of affordable and climate-friendly housing in Bremen and Bremerhaven by the company that is majority-owned by the two municipalities. The flats will meet the high energy efficiency standards set out by the European Union and at least meet the German energy standard of KfW Efficiency House 55.

    According to the current plans, almost 500 new flats will be built, most of which will be accessible for people with reduced mobility. As part of the project, there will be a new kindergarten for around 60 children, as well as assisted-living communities and a day centre for 15 elderly people. In addition, over 2 000 existing flats will undergo energy-related renovation works. The price of rent per square metre for the new flats may not exceed €6.80 for subsidised flats and €9.00 for rent-capped flats.

    Bremen is a growing city, with its population expected to rise from today`s 685 000 inhabitants to 705 000 by 2035. Although the state of Bremen is in good economic shape overall, it has the highest unemployment rate of all federal states of Germany at 10%, and a high proportion of its residents earn low incomes.

    As in many cities in Germany, rent prices have increased in recent years. As the biggest rental housing provider in Bremen and Bremerhaven, GEWOBA is steering away from this trend, charging an average rent price of €6.94 per square metre (excluding bills) and an average of €7.94 per square metre for new rental contracts in existing flats.

    “The project is helping to ensure that a vibrant city can continue to grow and be liveable for families with children and the elderly”, says EIB Vice-President Nicola Beer. “Together with our partner GEWOBA, we are facing up to the social challenge in German and European cities and continuing to create affordable and climate-friendly housing.”

    The new flats are set to be highly energy efficient and will contribute to the European Union’s climate and environmental sustainability goals. They will help to reduce the amount of CO2 emitted from buildings and will support Bremen on its path to climate neutrality. They will also encourage social inclusion, as demonstrated by the emphasis on accessibility, and will create more housing options in the city for people on low and moderate incomes.

    “We are pleased to have a partner at our side in the form of the EIB, which is pursuing the same climate and social objectives as we are,” said Member of the Executive Board of GEWOBA Anja Passlack.

    Background information

    The EIB Group is the long-term lending institution of the European Union. It finances sound investments that contribute to EU policy objectives and works closely with other EU institutions and bodies to advance shared priorities such as equitable growth and a just transition towards climate neutrality. The EIB Group, which also includes the European Investment Fund (EIF), signed a total of €88 billion in new financing in 2023, of which €8.6 billion in Germany.

    The EIB Group has been providing financing and advisory services to the housing sector for 25 years. In the last five years alone, it has provided around €13.4 billion to support sustainable urban development and modernisation projects. Together with the European Commission, the EIB will increase its commitment to affordable housing in the coming years.

    GEWOBA AG Wohnen und Bauen in Bremen was founded in 1924 with the aim of making decent housing available for broad sections of the population – a mission that is still enshrined in its statute today. With around 43 000 rental apartments, GEWOBA is the largest rental housing provider in the state of Bremen and is majority-owned by the municipality. Its core business is value-based management and looking to the future to further develop its diverse housing portfolio. For decades, it has invested in extensive maintenance and modernisation projects, and expands its portfolio with new, high-quality buildings when required.

    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI United Kingdom: Scotland’s Redress Scheme

    Source: Scottish Government

    An Official Statistics Publication for Scotland.

     

    Scotland’s Redress Scheme statistics have been published for the period from December 2021 to June 2024.

    They show that over the first 30 months of the scheme:

    • 1,585 (97%) of applications were eligible for financial redress with offers made
    • 56 (3%) of applications were deemed not eligible
    • 1,488 awards were made totalling £76,663,543 after deductions
    • 971 (65%) were Individually Assessed Payments, 412 (28%) were Fixed Rate Payments and 105 (7%) were Next of Kin awards
    • Of the 110 apologies requested, 69 (63%) were delivered by June 2024

    Background

    Scotland’s Redress Scheme Statistics December 2021 – June 2024

    Official statistics are produced in accordance with the Code of Practice for Statistics.

    This is an Official Statistics publication providing data on applications, outcomes and payments made, fees and costs, as well as apologies made under Scotland’s Redress Scheme. It builds on last year’s publication of figures from December 2021 to June 2023.

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI United Kingdom: Homicide in Scotland, 2023-24

    Source: Scottish Government

    An Accredited Official Statistics Publication for Scotland

    Scotland’s Chief Statistician today published Homicide in Scotland, 2023-24. The publication provides information on crimes of homicide recorded by the police in Scotland in 2023-24. The main findings are:

    In 2023-24, 57 victims of homicide were recorded, 10% (or five victims) more than the 52 victims recorded in 2022-23.

    Over the latest 10 year period from 2014-15 to 2023-24, the number of victims fell by 10% (six victims) from 63 to 57.

    Over the latest 20 year period from 2004-05 to 2023-24, the number of homicide victims in Scotland fell by 58% (or 80 victims) from 137 to 57.

    The greatest reduction in homicide victims over the last 20 years has been amongst young people aged 16-24. In the five years between 2004-05 to 2008-09 there were 125 victims in this age range. This dropped to 29 across the latest five years between 2019-20 to 2023-24.

    Of the 57 victims recorded in 2023-24, 77% (44) were male and 23% (13) were female.

    In 2023-24, 85 persons were accused of homicide, of which 81% (69) were male and 19% (16) were female. For all the 57 homicide victims recorded in 2023-24, the associated case was solved.

    For each of the last 20 years, the most common method of killing was with a sharp instrument. In 2023-24, a sharp instrument was the main method of killing for 49% (or 28) of homicide victims.

    For the latest year of 2023-24, the majority (64%) of male victims were killed by an acquaintance (28 of 44 male victims). Female victims were most likely to be killed by a partner or ex-partner (38%, or five of 13 female victims).

    Whilst most recorded incidents of homicide in these statistics have one victim and one accused, some incidents can have multiple victims and/or accused. There were 57 homicide incidents recorded in 2023-24, 12% (or six incidents) more than the 51 recorded in 2022-23.

    Background

    The full statistical publication can be accessed at: Homicide in Scotland 2023-24

    The term “sharp instrument” includes knives, broken bottles, swords, sharpened screwdrivers and any other pointed or edged weapons.

    Further information on Crime and Justice statistics within Scotland can be accessed at https://www.gov.scot/collections/crime-and-justice-statistics/

    Accredited official statistics are produced by professionally independent statistical staff – more information on the standards of accredited official statistics in Scotland can be accessed at: About our statistics

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI United Kingdom: Westminster City Council invests nearly £4 million in dedicated SEND facilities for young people and their families  | Westminster City Council

    Source: City of Westminster

    Recognising an increase in demand for services for children with special education needs and disabilities (SEND), Westminster City Council has expanded its extensive current offer by investing nearly £4 million in dedicated SEND facilities for young residents and their families.  

    A brand-new SEND facility has opened in the south of Westminster – known as Tresham South, and a major refurbishment and expansion of our facility in the north of Westminster – known as Tresham North, has taken place to greatly improve our SEND provision right across the city. 

    £1.8 million has been spent on our brand-new Tresham South site in Pimlico in response to parents and carer feedback. This site includes our Short Breaks service – a place for children with SEND to experience unforgettable activities and develop vital skills, while giving their families time away from their caring responsibilities, as well as a new council-funded campus for College Park Special School. 

    The new Short Breaks centre contains two main activity rooms that cater for lots of different types of free flow play: one for older children and one for younger children. It also features arts and craft spaces and a main hall for larger group activities. The school’s facilities include a sensory room, occupational therapy suites and seven classrooms to provide an additional 50 school spaces for SEN children.  

    College Park School and the Short Breaks service also share several state-of-the-art facilities – these include a sensory room with a number of exciting elements, a soft play area, and a large playground space with an outdoor play area.    

    In the north of Westminster, £1.9 million of council funding has gone towards significant refurbishment and expansion to our existing popular Tresham North Short Breaks centre near Edgware Road. This provides cutting edge and expanded facilities, including an outside cinema, two soft plays, youth zone and facilities for children with complex health needs.

    Our expanded Short Breaks service addresses the council’s desire to increase SEND provision in the south of the city. It offers eligible children a local place where they can socialise, enjoy activities and learn in a safe and nurturing environment.    

    The development of all SEND provision across Westminster, including these new facilities, happens in collaboration with Make it Happen, a parents’ forum for those with children and young people who have special needs and disabilities.  

    At our opening event for our new Short Breaks Facility in the South of Westminster, Charlie Lynch, said:   

    Having this centre will really help my son socially, physically and emotionally. Nothing like this exists to include children with learning disabilities in the community. It gives them a chance to make friends, learn who they are as individuals, and have a safe space to play as part of a community.  

    Claire Sheppard, Headteacher at College Park Special School, said:  

    Westminster City Council have been instrumental in making this place work, making it the best it can be and has been really supportive in everything we do. It’s been amazing having local councillors and a great education department that are willing to invest in our children with special needs, knowing that there is such a demand.  

    Kayleigh Lloyd, our Short Breaks Service manager said:   

    The additional provision in the south of the city is something we’ve been really looking forward to. We cannot wait to welcome more of our families so they can access this new free, and fully accessible facility, that I know will be really enjoyed by all the children who attend here.  

    Cllr Aicha Less, Deputy Leader and Cabinet Member for Children at Westminster City Council said:   

    The council remains committed to a forward-thinking approach for special educational needs and disabilities provision. By actively consulting with local communities, we aim to understand their needs and identify the best way to provide comprehensive support. Our goal is to ensure that every child and young person with SEND receives the care, opportunities and resources they deserve, and these brilliant new facilities will help us to make that a reality in Westminster.  

    Note to editors:  

    Our Short Breaks service provides a number of different types of activity for children with SEND up to the age of 18 who have a package to attend the centres with a school holiday scheme, Saturday provision and after school activities. The aim is to provide valuable respite for parents and carers, as well as fantastic play and leisure activities for the children who attend. We have two centres within the city – Tresham North and Tresham South. To find out more about our Short Breaks service you can visit: https://www.westminster.gov.uk/shortbreaks. 

    College Park Special School is a local authority school in Westminster for children with autism and complex learning difficulties.

    Find out more about support for children with SEND on our family information hub – Family Information Hub | SEND Local Offer 

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI USA: Administrator Samantha Power at a Swearing-in Ceremony for Emily Coffman-Krunic as Mission Director for Bosnia and Herzegovina

    Source: USAID

    ADMINISTRATOR SAMANTHA POWER: Dobro jutro [good morning], here. Dobar dan [good evening], there. 

    It’s really great to be part of this event. Jim [Hope], really lovely to hear from your perspective. Jim has most recently been our Mission Director in Ukraine, and this is the first ceremony that I’ve had the chance to hear him emcee. But, it’s great to hear from a fellow Mission Director what these ceremonies mean. Certainly, they mean the world to us. 

    Ambassador [Michael] Murphy, as much as you think you know about Emily, you are about to learn much more. You will have a lot more ammo to use in various interagency deliberations. But, I want to thank you for joining and doing so in the spirit you did, I’ve actually – we haven’t had the chance to meet in person – but I devour your cables and your tweets. But above all, I have the greatest respect for just how you have not taken the easy path there and really stood. I think, very strongly in the face of an awful lot of resistance and many many headwinds – for not only American values but ultimately for the dignity of the people of the country and of the region. Really, really grateful to you for that. I’ve admired you from afar for a long time. 

    I do want to recognize – and Emily and I just talked about the tragedy of the historic floods that have really besieged really small communities in Bosnia and Herzegovina, very specifically Jablanica and Konjic. I know that Ambassador Murphy and Emily are already working with affected communities to support recovery efforts and even visited and met with the affected people. That means the world, I’m sure, to them, that someone has their back. But, our thoughts, of course, go out to those communities. There’s a lot coming at the people of Bosnia and Herzegovina, and when the floods pile on, it must be very overwhelming. So again, just a reflection of how much the American people care about the people of the country, and you all are incredible ambassadors for that. 

    Emily has a full house here today, in person and online, and maybe breaking some records if we add up all the miles traveled for each of the family members. But, we have her father Daniel and her mother Blanche, beaming in on the screen. And, here in the audience, we have her sisters Elizabeth, Ginny, and Julie. Ginny flew in all the way from England, and, incredibly, Julie has made the time to be here today after spending the past few weeks helping hurricane recovery efforts in western North Carolina. 

    And again, the parallel between what happens in Bosnia and the extremity of that and what happens here is just a reminder of the universality, sadly, of these challenges these days. 

    Thank you to the sisters, you seem like an incredibly close-knit group. I was like, “Are you thinking of visiting?” And they were like, “Ah, we’ve been there many times, you know!” So, I know Emily is incredibly lucky to have you in her corner. 

    We’re also joined by Emily’s children, of course – by Adrian, who studies engineering at the University of North Florida, and Emily’s daughter Stella, who began her own studies recently in anthropology in Amsterdam. I know that through your lives you’ve had to make big changes often to accommodate mom’s spirit of public service – leaving schools, and friends, and communities. So, thank you for your own sacrifices. You are the reason your mom does everything she does. So, thank you. 

    Alright, this is your life portion. 

    Emily was born in Jacksonville, Florida, to two parents we just got to see, who instilled in her the value of helping others. Her mom was a nurse before becoming a great caretaker for her four daughters, and then her mom worked at a local school. Emily’s dad was a pilot in the Navy and then a lawyer. 

    As a child, Emily was a go-getter who loved adventure, apparently. Although she was not the oldest, I’m told that she was the one who always directed the games among the girls. Emily went on to earn her degree in philosophy from Texas Christian University, before working at Merrill Lynch, where she saved up enough money to keep fueling her adventures. 

    She went to Guatemala for three months to learn Spanish and to Chile for six months to teach English to children of the indigenous Mapuche people, where she caught the spark, I guess, for international development work. Emily went on to earn her master’s in international peace and conflict resolution at American University, while also volunteering at the International Rescue Committee. 

    One day, Emily heard that the Organization for Security and Cooperation in Europe, OSCE, was looking for people to support Bosnia and Herzegovina’s very first municipal elections since the war. The country, as all of you know, had emerged from a horrific conflict with the signing of the U.S.-brokered Dayton Accords just the year before, and tensions were high as elections neared – with the question of whether the Dayton agreement could result in lasting peace and whether democracy really could be meaningfully ushered in. 

    Emily still had two months left in her degree program, but everyone she talked to, including the professors whose classes she would be skipping out on, said, “You have to do this. This is too important not to do.” 

    But, she was conflicted, because she was clearly a better student than I was. And so, she called her dad, and he was the last person she just had to make sure that she wasn’t doing something crazy. Her dad, Dan, of course, was worried about her going to war-torn Bosnia – again, the bullets had barely ceased firing, and this election was really soon after the war had ended.

    But, Emily asked him, and he expressed some reluctance, you know, given that the headlines had recently been very grim. But, Emily asked him, “Dad, what exactly were you doing when you were 27?”

    And his answer was, “I guess I was flying jets off aircraft carriers in the ocean…”

    So, Emily went on, booked her ticket with everybody’s full support. As you heard, she went on to work in Bosnia and Herzegovina for eight years, eventually joining the World Conference of Religions for Peace, one of USAID’s partners in Bosnia and Herzegovina as the Chief of Party.

    Emily knew that for development efforts to be effective there, after such vicious inter-ethnic conflict, there needed to be enhanced communication and cooperation. The demonization across lines had been very, very intense.

    Muslims, Croats, Bosnian Serbs, Orthodox Christians, Catholics, Jews – everyone kind of had to come together in dialogue. So, as you heard again from Ambassador Murphy, she and her team founded this inter-religious council of Bosnia and Herzegovina, and it really has, over the years, worked to mobilize faith leaders, faith communities, in service of reconciliation and rebuilding. 

    The work has never been easy. The demons, not only from the wars of the 1990s, but dating even further back, loom large. The misinformation which really impedes, you know, the ability to sustain, sometimes, that trust that those encounters can breed – all of that makes it immensely challenging.

    But, Emily continued to help the council members establish common ground and find productive ways to work together. Over these last decades, this Council has played an important role on everything from organizing youth reconciliation, to addressing gender-based violence, to facilitating the protection of holy sites for all groups.

    I think this shows a characteristic that has defined Emily’s work over the years. Even in incredibly difficult environments where the odds seem low of succeeding, she has managed to help people see that there is a path forward, if they can come together.

    In Rwanda, Emily arrived at a time when the democracy team’s funding had been nearly zeroed out for two years in a row. The Mission was actually considering stopping all democracy and governance programming. But, Emily understood that supporting democracy, again as Ambassador Murphy reinforced, was, in fact, fundamental to advancing development. 

    To make enduring progress on any front, developmentally, citizens have to be empowered to demand and work toward the change that they want in their own communities. They also have to be able to, through raising their voice at the ballot, be able to get rid of leaders who are corrupt or governing poorly and in a way that isn’t bettering the lives of citizens. 

    In the words of Joseph Rurangwa, an FSN in Rwanda, Emily “fought for DG’s identity” – fought for democracy and governance’s identity. Apparently, she worked day and night to convince partners, donors, and colleagues that democracy and governance was worth the investment. 

    Emily went to battle, and Emily won. The Mission in Rwanda didn’t just revitalize the small democracy team that Emily had come to lead. It created an entirely new standalone democracy and governance office. The office went from having two activities in other portfolios to an entire portfolio of 13 democracy and governance activities: from training journalists, to hosting election roundtables for citizens and human rights training for Rwandan youth, to even creating the Mission’s first-ever activity supporting the LGBTQI+ community in Rwanda. Joseph says, “Emily steered the boat in troubled waters, and with her at the helm, 800,000 flowers bloomed all at once.” 

    In Jordan, where Emily started as the Democracy, Rights, and Governance Office Director and ultimately became the Deputy Mission Director, she helped manage a portfolio completely unknown to her: water. Water is a huge, huge issue, as everyone knows. For Jordan, specifically, the country is the third most water scarce country in the entire world. And, while a country is considered to face water scarcity when it has less than 500 cubic meters of water per person per year, Jordan has just one-fifth of that. Just to give you a sense of the magnitude of this challenge. And water, as we know, again, all of us, from our own lives, is necessary for just about everything. 

    Jordan’s water portfolio is the largest budget for any single portfolio for USAID, and it is also a country – one of the few countries in the world – where USAID finances large infrastructure projects. So, it was a huge task, and though Emily had no formal background in water, she quickly became fluent in everything from project finance to major infrastructure construction. One colleague at the time says, “Emily came to the job with so much humility and curiosity. It really inspired all of us to feel like we were all in this together.”

    Emily led the team as they took on two tasks. First, while Jordan had an existing water sharing agreement with its neighbor Israel, Emily knew that in spite of the complex relationship between the countries, they could and should share more water. 

    So, she and the team helped negotiate an agreement in which the two countries agreed to double the volume of water that they shared. This was a historic agreement that spared further water rationing in Jordan. But, Emily also knew that to meet the scale of need, Jordan needed to develop its own desalination ability, turning saltwater into drinkable water. So, she oversaw the design and procurement of the third-largest desalination project in the world, leading it through political negotiations, financial hurdles, and technical discussions, as donors, partners, diplomats, and elected officials came together to achieve a workable plan. Emily’s efforts paid off. 

    USAID was able to catalyze nearly $3 billion against our $300 million pledge from donors like the Development Finance Corporation, the European Union, and the Islamic Development Bank. When construction is complete, slated to be in about five years, the project will pump newly desalinated water from the south of Jordan, 280 miles uphill, to the population centers of Jordan, who need the water for daily life – through pipes that are so big that you can actually drive a car through them. This single desalination project will meet a full 40 percent of Jordan’s water needs, transforming its water security.

    Emily has spent the past year, of course, applying the skills that she honed leading these kinds of ambitious projects in difficult environments in the Mission in Bosnia and Herzegovina, where she returned to serve as Deputy Mission Director. We are told that the first two weeks that Emily was back on the ground in Bosnia and Herzegovina, she met every single person at the Mission, from the Ambassador to the Foreign Service Officers to the Foreign Service Nationals to the cleaning staff, to get to know all of those who are part of her new team.

    When it was announced that she was going to be the new Mission Director, her predecessor, Courtney Chubb – an extraordinary Mission Director in her own right – but as Courtney described it, when word went out that she was going to be promoted, the Ambassador was completely overjoyed. And, as Courtney put it, “I’ve never seen so many smiles on the faces of our Mission staff.”

    And just to say a word about that Mission staff and having a chance to engage you all directly, you’re extraordinary. Our Foreign Service Nationals – as Courtney and I discussed when I was on the ground there on a visit, and Emily and I just discussed – you all are really some of the leading lights in the world. The amount you know, the amount you have achieved, the amount you have circumnavigated, all that stands in your way to make the peace enduring and to try to strengthen checks and balances and institutions. Many of our FSNs in Bosnia and Herzegovina have been there more than 20 years, some more than 30 years. It’s just an incredible team. And to have as a Mission Director, as you do, someone who so values you and recognizes how much she has to learn from you every day, that’s the best kind of teamwork that can be expected.

    So, there is no better person, I think, in something of a returning home, second home really, to Emily but for Emily Coffman-Krunic to be taking the helm as the Mission Director in Bosnia and Herzegovina.

    Bosnia and Herzegovina is a special place. It is a country whose people continue to experience incredible hardship. I talked earlier about the flooding, but there’s a lot of man-made disasters happening in Bosnia and Herzegovina, because so many elected leaders do not put their people first. Some do, and they are extraordinary, what they put up with as well.

    But, when institutions don’t work always on behalf of the people, it makes what the people do to make development happen even more impressive. And, the efforts that the people of Bosnia and Herzegovina have made, initially, to rebuild, to revitalize, to grow, really speak just to the resilience of all communities, and it’s an inspiration for those of us who only get to visit every now and then. 

    Since 1996, the U.S. government has provided more than $2 billion, including $1.5 billion from USAID alone, in assistance in efforts to support, again, those on the ground who are building a democratic and inclusive European country. One of the most complicated government structures in the world, makes things very, very challenging. It is hard, often, for leaders to agree on the kinds of basic policies or basic initiatives that the people really expect from them. When they agree, it can be very challenging to operationalize those efforts. But nonetheless, again, there is so much good that is happening on the ground. 

    The virulent nationalism that lives on, usually most vocally in those who don’t know how to or don’t care to deliver basic services for the citizens of the country, continues to threaten the progress that has been made. We see the direct targeting of NGOs and development partners. We see attacks on independent media. We see, basically, threats to this effort to build a strong, independent, and vibrant European country, which is so clearly what young people in the country want. 

    USAID has an incredibly important role to play in support of the whole country team’s effort to push back against these challenges. We are working to counter harmful nationalistic rhetoric and narrative, with the goal of strengthening the security and the dignity for individuals and for communities within the country. We are expanding our work with independent media, with civil society, with investigative journalists. We are working to contribute to economic development, to help the private sector drive growth, and to include all groups like LGBTQI+ communities, women and Roma populations, in the progress that the people of Bosnia and Herzegovina are trying to drive. 

    Now, Emily, I want to end these remarks on something your son Adrian told us. We asked Adrian what it was like to grow up and to travel the world with you. And Adrian said, “I always knew that what my mom did was helping people. It made me want to be a better person.” 

    So, Emily, I think it’s safe to say you’ve made so many of us here want to be better people, even I, just listening to your journey, but also seeing what you’ve been doing on the grounds in Bosnia and Herzegovina, and in Jordan, just during my time here. And, what I love about your spirit is you never give up. You don’t care about the odds. You just invest body and soul, bring questions and not answers in the first instance, empower your teams, and you have one of the best teams in the world there, as you well know, and you do it all with an eye to future generations and what would mean the most. 

    So, we are thrilled that you’re our Mission Director in Bosnia and Herzegovina, and I look forward to making it official and swearing you in. Congratulations.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI: Change in Innofactor Plc’s Executive Board

    Source: GlobeNewswire (MIL-OSI)

    Innofactor Plc Stock Exchange Release, on October 29, 2024, at 12:35 Finnish time

    Innofactor Plc’s CFO Antti Rokala has resigned from his position on October 29, 2024. During his notice period, Rokala will not have any work obligations.

    Innofactor has initiated actions to hire a new CFO. In the interim, CEO Sami Ensio will assume the responsibilities of the CFO.

    Espoo, October 29, 2024

    INNOFACTOR PLC

    Sami Ensio, CEO

    Additional information:
    Sami Ensio, CEO
    Innofactor Plc
    Tel. +358 50 584 2029
    sami.ensio@innofactor.com

    Distribution:
    NASDAQ Helsinki
    Main media
    www.innofactor.com

    Innofactor
    Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com #ModernDigitalOrganization #PeopleFirst #CreatingSmiles #BeTheRealYou

    The MIL Network –

    January 25, 2025
  • MIL-OSI Economics: Luis de Guindos: Interview with ANSA

    Source: European Central Bank

    Interview with Luis de Guindos, Vice-President of the ECB, conducted by Domenico Conti

    29 October 2024

    At the latest press conference, President Lagarde spoke of a series of economic indicators pointing lower and of downside risks to growth. The Survey of Professional Forecasters published by the ECB foresees inflation of 1.9% in 2025, compared with 2.2% in the projections by ECB experts. In this context, will the Governing Council have the option to make back-to-back interest rate cuts, as occurred in September and October?

    In short, on the current economic situation, we don’t have good news with respect to growth but we do have good news with respect to inflation.

    On growth, we have revised down our projections twice – before the summer and in September. We see that the downside risks that we identified are crystallising, mainly because consumption is not recovering as expected. Even though real disposable income has increased because wages are catching up with past inflation, households are not increasing their spending. This could be due to structural factors, including a lack of confidence owing to past inflation, the pandemic or geopolitical risks. But it is clear that the recovery in consumption is not happening at the pace we had previously projected.

    On inflation, we have the opposite happening. The latest figures are good, in terms of both headline inflation and underlying inflation. Most measures of underlying inflation are declining, and we are confident that we will be able to reach our 2% target over the medium term in the course of 2025.

    Regarding possible future cuts, we have been very clear that we will keep all options open at forthcoming meetings, both in terms of the number of cuts and the size of these cuts. But what is most relevant for the transmission of monetary policy and the impact of financial conditions on aggregate demand is the medium-term trajectory, which is evidently that of an easing cycle. Fine-tuning monetary policy is very complex and the important signal is the medium-term trajectory.

    Geopolitical risks will play a role in the forthcoming monetary policy decisions. To what extent are the risks associated with the conflicts in the Middle East and the risks of a further escalation in trade tariffs pushing the ECB to take a prudent approach in reducing interest rates?

    Geopolitical factors play a very important role in our analysis. For example, the conflict in the Middle East has an impact on energy prices and upcoming elections could have an impact on international trade, global growth and inflation. This is one reason why we have to be very prudent with our decisions. When you are in a dark room full of uncertainty, for example because of geopolitical risks that you cannot control, you have to take very careful steps.

    Another important element is fiscal policy. Governments are now submitting their medium-term budgetary plans to the European Commission. This will give us more clarity on the fiscal outlook, which is an element that we take into consideration in our analysis and decision-making. So geopolitical risks, the possibility of distortions in international trade plus what will happen with fiscal policy will all feed into our decisions in the near future.

    In its new operational framework that came into force in September 2024, the ECB anticipates that a substantial contribution to providing liquidity to the banking sector will come from a structural portfolio of securities and from new longer-term refinancing operations, under conditions to be defined at a later date. What point has the discussion reached and what guidance is there?

    The operational framework has to be used to implement our monetary policy, it cannot condition it. And we have said very clearly that all monetary policy instruments in our toolkit remain available to us. This will include, for example, non-conventional measures, such as targeted longer-term refinancing operations and quantitative easing.

    Right now, we are in a situation of ample liquidity, which we are gradually reducing by discontinuing reinvestments, which will come to a complete halt at the beginning of next year. Once that liquidity has been significantly reduced, a combination of the monetary policy instruments at our disposal will help us deliver enough liquidity to the banking system.

    In my view, when we discuss the structural portfolio, we will need to take into account the actual liquidity situation of the banks and look not only at the average, but also at the dispersion in the banking sector. We have not decided on the size of the structural portfolio, but it will need to be large enough to deliver sufficient liquidity to the banking system.

    The latest monetary policy strategy review in 2021 took place at a time of strong deflationary pressures linked to various factors, including digitalisation and globalisation. Since then the landscape has changed. We find ourselves in a fragmented geopolitical context with the return of inflationary shocks. How will all this be reflected in the coming monetary policy strategy review? When will the discussion begin and what topics will it cover?

    We have established a couple of workstreams at the technical level to examine these factors, namely how the landscape has changed, how the new environment could have an impact on inflation, and our evolving policy toolkit. But this will not be discussed by the Governing Council until next year, with conclusions expected in the second half of 2025.

    What is crystal clear is that the definition of price stability as 2% inflation over the medium term will not be up for debate. And several other elements, such as the importance of financial stability considerations or accounting for climate change in our work, are already established. Instead, this review will mostly be an assessment of the previous strategy review while considering new elements, such as the changed economic and inflation environment, the possibility of deglobalisation and other structural elements that could affect the inflation outlook.

    Importantly, we will look at the consequences of measures we have used in the past. For every monetary policy decision, we need to look not only at short-term effects but also further ahead at possible unwanted effects. Quantitative easing, for example, is an instrument that proved to be very useful to fight deflation and the impact of the pandemic, but it also caused some side effects. In that respect, now that we have started the opposite process of quantitative tightening, we have much more information on the potential consequences of quantitative easing.

    Are you referring to fiscal side effects?

    No. I’m referring, for instance, to the impact on financial stability or on national central banks’ profit and loss accounts. These are side effects that can be better taken into consideration and that were not obvious at the time.

    Italy has seen inflation fall to below 2% from a high of close to 12% two years ago, and its growth rate is in line with the European average. While real disposable income is improving, investment is feeling the effects of a still restrictive monetary policy and politicians have criticised the ECB’s cautious stance in the last few months. How would you explain to Italian politicians and households the need for a cautious approach in reducing interest rates, and how do you plan to reassure them about the current transition from still restrictive interest rates to a more neutral stance?

    Above all else, we listen to all opinions carefully and with an open mind. The ECB and central banks are independent institutions, meaning that they need to display an additional level of responsibility and accountability.

    What I would say to Italian and European citizens is that it’s important to be cautious and prudent. We have reduced interest rates and the trajectory of our monetary policy is very clear, but there is a huge amount of uncertainty and we cannot make mistakes. That’s why a gradual approach to implementing monetary policy is essential.

    That being said, I’d like to reassure them that things are moving in the right direction. Inflation has fallen significantly. Most people look more closely at price levels than at inflation, but at the end of the day, current price levels are a consequence of past inflation. We can’t claim victory yet, but we have made good progress so far. And despite an economic slowdown, we have so far managed to reduce inflation without causing a recession in the euro area. When you look at the labour market, the situation remains positive. So I hope that in the medium term it will become more evident that we are on the right track.

    In its draft budget, the Italian government is seeking a contribution of around €3.5 billion from the banking sector by targeting deferred tax assets (DTAs). Has the ECB been consulted on the merits of this approach and what guidance is being formulated on this measure?

    In general, our assessment of banking sector taxes is quite clear from the legal opinions we have issued on proposals by several countries. Our view is that such taxes should not impair banks’ solvency or the transmission of monetary policy in terms of hampering the flow of credit to the real economy.

    In this specific case, we don’t have the definitive version of the tax yet, so it’s difficult to form an opinion about it. But I hope that solvency will be one of the items taken into consideration, which would be positive from our perspective.

    In my view, the design of the previous version of the tax was balanced, for example, because it made tax revenues and bank solvency compatible. Of the many approaches taken by other European countries that imposed taxes on the banking sector, I believe this was the most balanced one.

    Completing the banking union is one of the most urgent objectives that will make Europe more resilient and more competitive. Despite this, a cross-border merger like the potential merger between Unicredit and Commerzbank currently under discussion is treated as a national matter in both countries. What lessons can we learn from this and why is a cross-border merger between European banks still hitting the headlines in Europe in 2024?

    Given the importance of banks’ funding for the real economy, completing the banking union should be the number one priority on the European Union’s economic agenda. I acknowledge that there are political hurdles to achieving that, but it will be very difficult to have a real economic and monetary union without a banking union. Greater coordination of fiscal policy, for example through a common fiscal instrument or progress towards the capital markets union, would also be important.

    If you want a single banking market, you need to have genuine pan-European banks. This is why cross-border consolidation of the banking sector is important. I don’t discuss the merits of individual cases, but in my view, a European approach should prevail over a national one. That’s the way forward for European integration.

    In any case, our assessment of any merger and acquisition transaction is always based exclusively on prudential and solvency criteria. This is the guiding principle for us, based on European regulation.

    The Italian government has voiced its support for the merger between Unicredit and Commerzbank, which would strengthen European banking consolidation. At the same time, Italy is the only Member State that hasn’t ratified the treaty to reform the European Stability Mechanism (ESM), which is an important element in completing the banking union. How important will it be to remove this obstacle?

    In my previous answer, I referred to how important it is for a European approach to prevail over a national one. But this principle has to be consistent from all angles and in all kinds of situations. In my opinion, a pro-European approach to the integration of the economy, the banking system and the capital markets should be the one that prevails for all the items under discussion, including ESM reform. Ratifying the reformed ESM Treaty would be a clear pro-European decision.

    MIL OSI Economics –

    January 25, 2025
  • MIL-OSI Europe: SEK 110 million in humanitarian assistance to Ukraine

    Source: Government of Sweden

    SEK 110 million in humanitarian assistance to Ukraine – Government.se

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    Press release from Ministry for Foreign Affairs

    Published 29 October 2024

    Russia’s full-scale invasion of Ukraine continues to have devastating consequences – both military and humanitarian. The Swedish Government is therefore supporting Ukraine in a number of ways and has now decided on a new humanitarian support package of SEK 110 million. This support will primarily be used to meet the increased needs ahead of the winter.

    “Russia is targeting civilian infrastructure and has disrupted major parts of the heating and electricity supply in Ukraine. Naturally, the consequences of this are more serious the colder the weather gets. For this reason, a large part of the population are struggling to heat their homes and prepare food. The Swedish Government has therefore decided to provide SEK 110 million to a number of humanitarian actors in Ukraine,” says Minister for International Development Cooperation and Foreign Trade Benjamin Dousa.

    The fact that Russia has mined large areas of Ukraine is a major problem and threat to people’s safety and lives. Russia’s full-scale invasion has forced millions of people to flee their homes and live as internally displaced people. Sexual violence against women has increased in these already vulnerable groups.

    “Sweden’s assistance will also go to mine clearance, which unfortunately will be an impending problem for a long time to come. The assistance will also go to addressing sexual and reproductive health needs and efforts to combat gender-based violence,” says Mr Dousa.

    “Sweden’s assistance to Ukraine is making a difference. We’re now helping to heat homes and clear the black soil from mines so that it can be used, feed people who are hungry and secure access to food,” says Aron Emilsson, foreign policy spokesperson for the Sweden Democrats.

    “A harsh winter is around the corner, in a situation in which Russia’s bombings have destroyed a large portion of critical infrastructure. We’re now assisting the Ukrainian civilian population with things that we take for granted here in Sweden – heating, water, sanitation and medicines – so that they can survive the winter,” says Gudrun Brunegård, development assistance policy spokesperson for the Christian Democrats. 

    “In order for Russia to lose the war and Ukraine to win, increased assistance is needed both for Ukraine’s infrastructure and to support the Ukrainian people. I’m proud that we’re now doing even more to help women in particular, as they have been especially severely affected by the war,” says Joar Forssell, foreign policy spokesperson for the Liberal Party. 

    Press contact

    About the humanitarian support package

    The humanitarian support package is divided between four organisations:

    • SEK 50 million is being allocated to the Ukrainian Red Cross Society (URCS). The Swedish Government will support URCS’s initiatives to meet humanitarian needs ahead of the winter, focusing on secure access to heating and electricity, and distribution of food, hygiene products, medicines and water.

    • SEK 20 million is being allocated to the UN Refugee Agency (UNHCR). Sweden is supporting Ukrainian refugees in a number of ways and will now also contribute to UNHCR’s efforts to assist internally displaced persons with preparedness and protection initiatives before and during the coming winter.

    • SEK 30 million is being allocated to the UN Development Programme (UNDP). The situation regarding landmines and unexploded ammunition remains difficult in major areas of Ukraine. UNDP is leading UN support to mine clearance in Ukraine. The organisation’s work, which focuses on surveying, prioritising and securing agricultural land, will need to be carried out for many years to come.

    • SEK 10 million is being allocated to the UN Population Fund (UNFPA). UNFPA’s humanitarian activities in Ukraine are helping address women’s sexual and reproductive health needs, prevent sexual and gender-based violence and provide support to people who have been subjected to violence. UNFPA is also helping rebuild and strengthen the health care system.

    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Europe: Integration of biometrics in travel documents, countering illegal migration in Ukraine key focus of OSCE-led study visit to London

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

    Headline: Integration of biometrics in travel documents, countering illegal migration in Ukraine key focus of OSCE-led study visit to London

    Integration of biometrics in travel documents, countering illegal migration in Ukraine key focus of OSCE-led study visit to London | OSCE
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    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI Europe: OSCE states review commitments in the field of water management at 2024 Economic and Environmental Dimension Implementation Meeting

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

    Headline: OSCE states review commitments in the field of water management at 2024 Economic and Environmental Dimension Implementation Meeting

    OSCE states review commitments in the field of water management at 2024 Economic and Environmental Dimension Implementation Meeting | OSCE
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    Home Newsroom News and press releases OSCE states review commitments in the field of water management at 2024 Economic and Environmental Dimension Implementation Meeting

    MIL OSI Europe News –

    January 25, 2025
  • MIL-OSI United Kingdom: OPDC pioneers innovative, money-saving technology as one of England’s first Heat Network zones

    Source: Mayor of London

    Old Oak & Park Royal paves the way for England’s future sustainable energy solutions as one the government’s first heat network zones.

    Announced as one of six designated heat network zones, Old Oak and Park Royal will be home to a new district heat network. The project, spearheaded by the Mayor of London’s development corporation, OPDC, will use pioneering innovative technology that draws waste heat from data centres to provide low-cost, low carbon energy to over 10,000 new homes, businesses, and a major hospital.

    The six selected towns and cities, including Leeds, Plymouth, Bristol, Stockport and
    London are part of the government’s plan to accelerate the delivery of heat networks across England in areas where zones are likely to be designated in the future. The
    learnings from these pilots will inform the work to reduce bills, enhance energy
    security, and achieve net zero by 2050.

    OPDC’s new heat network is expected to deliver 95GWh of heat across five phases between 2026 and 2040. The project was awarded £36m from the government’s
    Green Energy Heat Network Fund in November 2023 with procurement for a partner to help develop the network now in the final stages, an announcement on the successful delivery partner is expected in early 2025. In September, the corporation announced the acquisition of the site for the heat network’s energy centre in Park Royal. Before the site is transformed into the nerve centre for the new district heat network, OPDC is using the former warehouse building as a new circular economy hub, where small businesses recycle waste into new and useful products, including film and TV sets, furniture and other household items.

    OPDC’s district heat network will be in London’s largest Opportunity Area, benefitting new and existing communities living and working in the corporation’s planned new urban district. OPDC’s regeneration plans will see tens of thousands of new and affordable homes and 250,000m2 of commercial, retail and leisure development, high-quality public realm and community services and facilities, all surrounding HS2 and the Elizabeth Line at the new Old Oak Common Station.

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI United Kingdom: New UK-EU Competition Cooperation Agreement

    Source: United Kingdom – Executive Government & Departments

    UK Government and the European Union have formally concluded technical negotiations on the UK-EU Competition Cooperation Agreement. 

    • Negotiations conclude to support international cooperation on competition 

    • Will allow for closer cooperation between CMA and EU’s competition authorities 

    • New agreement will supplement UK-EU Trade and Cooperation Agreement (TCA) 

    The UK Government and the European Union have formally concluded technical negotiations on the UK-EU Competition Cooperation Agreement. 

    This agreement is aimed at improving cooperation between the UK’s and EU’s competition authorities, allowing for greater dialogue between the Competition and Markets Authority in the UK and

    European Commission and the National Competition Authorities of the EU Member States. The agreement will ensure more effective enforcement of global competition laws, helping to support businesses both in the UK and EU as well as protecting consumers.

    This is expected to help when it comes to work on similar or parallel cases going forwards – for example cooperating and sharing information on investigations into companies for unfair competition practices which cross borders between the UK and EU Members States. This agreement is one example of where we can strengthen UK- EU cooperation for mutual benefit.

    Announcement complements the Prime Minister’s call at the International Investment Summit for UK regulators to support the Government’s growth mission.

    The UK and EU have negotiated the agreement with a view to signature in the coming year. Parliament will have the opportunity to consider the agreement in detail once the text is published for scrutiny.

    Business & Trade Secretary Jonathan Reynolds said: 

    This forthcoming agreement recognises the importance of our continued cooperation between UK and EU competition authorities. This milestone underscores our shared recognition of the importance of international cooperation in an increasingly globalised economy.

    When competition law is enforced well across global markets, it helps to ensure businesses and consumers are protected while supporting economic growth, which is why this agreement is so important.

    Sarah Cardell, CEO of the Competition and Markets Authority, said: 

    We welcome this cooperation agreement, which will allow us to work even more closely with EU competition authorities on shared cases and common competition issues – without unnecessary barriers. 

    Effective competition has a key role to play in driving economic growth so, with many companies now operating globally, it’s important that competition authorities can cooperate more freely with each other to get the best outcomes for fair-playing businesses and consumers.

    The UK Government is committed to promoting open and fair competition globally to ensure the best opportunities for UK businesses and consumers, which is why the agreement will help support those global aims via close international cooperation. 

    These types of agreements help to establish how competition authorities work with their overseas counterparts by providing a framework on how to work together.

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    Published 29 October 2024

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI United Kingdom: Public advised of traffic and travel disruption ahead of Strabane Halloween festivities

    Source: Northern Ireland – City of Derry

    Public advised of traffic and travel disruption ahead of Strabane Halloween festivities

    29 October 2024

    To allow the Halloween festivities to take place in and around the town centre in Strabane next week there will be some minor traffic and travel disruptions on Thursday, 31st October that members of the public should bear in mind.

    Castle Street will be closed from 7am-6pm on Thursday, 31st October to facilitate the Halloween Family Friendly Events which are planned for the town centre.

    The fireworks display will take place at 7pm from Melvin Running Track.  The pedestrian footbridge and paths around Melvin Running Track will be closed to the public from 6.45pm-7.30pm to facilitate the fireworks. There will be restricted access for residents only on Melvin Road and Ballycolman Estate from 6.30pm-7.30pm. Members of the public are advised to use Strabane Sigersons GAA car park or the town centre car parks.

    Drivers are reminded that normal on-street parking restrictions will be in place and are advised not to obstruct any resident or business, or access for emergency services. Accessible viewing will be available at Melvin Arena carpark.

    The Mayor of Derry City and Strabane District Council, Councillor Lilian Seenoi Barr reminded everyone coming to Strabane to enjoy the Halloween festivities to make themselves aware of any disruptions which could affect their journey.

    “There are only a few days to go until we all come together to celebrate Halloween in Strabane. Council has worked hard to keep disruption to a minimum, but it would be beneficial if everyone could familiarise themselves with any closures ahead of next Thursday. Plan ahead and think about where you will park your car or how you will get to the fireworks display. Please adhere to the advice of Council staff when you are out and about,” she continued.

    “I hope everyone has their costume picked and are ready to enjoy the fireworks and all the Halloween entertainment planned for the Strabane area. Plan ahead, stay safe and have fun everyone.”

    Any residents with domestic pets who find that their animals may be sensitive to fireworks may wish to take measures to reduce the impact upon their animal for the display between 7pm and 7.20pm. Council apologises for any inconvenience this may cause.

    If you have any further queries, please do not hesitate to contact Liz Cunningham on 028 71 253 253 or email: [email protected]

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI United Kingdom: York welcomes national children’s leaders to celebrate success

    Source: City of York

    UK government minister for Children and Families, Minister Janet Daby, with Matty, a young person from the Staying Close Programme

    Published Tuesday, 29 October 2024

    Young people and social workers in York met national children’s leaders last week as part of a visit to find out more about City of York Council’s work to transform services for children and young peo

    The government minister for Children and Families, Minister Janet Daby; Frances Oram, Children’s Social Care Reform, DfE; and Isabelle Trowler CBE, Chief Social Worker, met young people and children’s social care teams in York earlier this month [Wednesday 2 October].

    The Minister met young people from York’s I Still Matter, a group for young care leavers; as well as young people on the Staying Close programme, who are provided with wrap around support in their transition to live independently.

    The Minister also visited Clifton Family Hub, which will be home to York’s new dedicated SEND hub. Plans for the new hub gained approval last month and will bring together professionals from education, health and social care in the same place, supporting children and young people with Special Educational Needs and Disabilities and their families.

    The visit follows a period of significant change in the service, which has seen an end to the use of agency social workers, creating more consistency for children and families; the adoption of a new model of working, which puts children and young people at the heart of everything the teams do; and a significant reduction in the number of children in care, thanks to better early support for families.

    Martin Kelly, OBE, City of York Council’s Corporate Director of Children, Young People and Education, said:

    “I’m pleased that local young people have been able to share their own experience of our services with national leaders.

    “I hope their feedback about how our new-look services have helped them will help shape national policy around children and young people in the future.

    “I’d like to thank everyone who met the Minister and her colleagues over the course of the day. It was fantastic to hear the personal stories and see the positive impact our services make first hand. I’m incredibly proud of the team here in York and the work they’ve done to put children and families at the very heart of everything we do.”

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI United Kingdom: Ed Whiting OBE set to be appointed new permanent Leeds City Council chief executive

    Source: City of Leeds

    Full council to formally approve appointment in November

    Leeds City Council has today announced Ed Whiting OBE is set to be appointed as its new permanent chief executive.

    Following an extensive recruitment process which ended last week, full council will be asked to formally approve the recommendation of its employment committee to appoint Ed into the role when it meets at Civic Hall on Wednesday 13 November.

    Ed is currently Director of Cities and Local Growth in the Department for Business and Trade and Ministry for Housing, Communities and Local Government, based in Leeds, and is leading place-based economic growth partnerships with UK Mayors and other leaders.

    He has also held senior civil service roles in HM Treasury and 10 Downing Street. Previously he was Director of Strategy for Wellcome, where he led the development of their new organisational strategy and global partnerships, and was the executive sponsor for equality, diversity and inclusion.

    Ed is very familiar with Leeds having grown up in the city. He now lives in West Yorkshire with his partner, David, and they are foster carers to a young baby.

    Leader of Leeds City Council Councillor James Lewis said:

     “Throughout the extensive recruitment and selection process, Ed’s understanding of Leeds, our collective city ambitions, our values, our challenges and ideas for the future made him the best candidate for the role. I am looking forward to working with Ed as we move forward with our positive vision for the future, one which recognises the amazing strengths and opportunities we have and focuses on tackling poverty and inequality, whilst delivering high-quality public services for everyone who lives and works in our city.”

    On his recommendation for the post Ed Whiting OBE said:

    “I’m over the moon to be recommended to full council as our next chief executive. I love Leeds and am excited to be part of the next chapter of our city’s story. Through the recruitment process I’ve enjoyed getting to know Team Leeds better, and have been impressed with the dedication across our council team and partners, and the strong shared commitment to do their best for all Leeds residents.

    “I’m looking forward to joining the team as we work together on both the challenges and opportunities that lie ahead for our brilliant city.”

    Ed is expected to join the council early next year, with Mariana Pexton remaining in post as interim chief executive until then. The new permanent chief executive succeeds Tom Riordan CBE, who left the council last month after 14 years in the role.

     

    ENDS

     

    For media enquiries please contact:

    Leeds City Council communications and marketing,

    Email: communicationsteam@leeds.gov.uk

    Tel: 0113 378 6007

     

     

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI United Kingdom: Virgin Media O2 and Jangala help Coventry people connect

    Source: City of Coventry

    Virgin Media O2 has helped thousands of people affected by data poverty get online with free WiFi through its partnership with technology charity, Jangala.

    Virgin Media O2 and Jangala have reached a milestone of providing more than 1,000 internet-enabling ‘Get Boxes’ to charities and local authorities across the UK. The organisations are committed to rolling out 5,000 Get Boxes by April 2025.

    A Get Box is a book size device which can be plugged in to provide an instant and secure WiFi network, powered by free O2 mobile data, ensuring that those in need can stay connected.

    The O2 mobile data is provided by the National Databank, founded by Virgin Media O2 and charity, Good Things Foundation, which is like a foodbank but provides free O2 data, texts and calls to those who need it.

    It forms part of Virgin Media O2’s sustainability strategy, the Better Connections Plan, and the company’s goal to connect one million digitally excluded people through free and affordable connectivity and services.

    Free, fast and secure WiFi

    Get Boxes are helping low-income families and people who would otherwise be disconnected get online via free fast and reliable WiFi.  Those already benefiting include people who are unemployed, the elderly, those who are living in temporary accommodation and refuges.

    It means they can access essential services, such as applying for work, booking medical appointments, or building their skills via online training courses, and is helping them stay connected to loved ones.

    The devices, which can connect up to 20 people at time, have been distributed by local authorities, including Coventry City Council, and the Royal Borough of Kensington and Chelsea, as well as charities such as digital inclusion charity, AbilityNet, and Roundabout, a youth housing charity providing shelter, support and life skills to young people aged 16-25 who are homeless or at risk of homelessness.

    Coventry City Council has received hundreds of Get Boxes to help vulnerable residents living in temporary accommodation get online.

    The council has partnered with organisations such as Valley House and the Salvation Army, and distributed the devices to places such as hostels and houses across the city.

    Cllr Richard Brown, Cabinet Member for Strategic Finance and Resources at Coventry City Council, said:

    “All aspects of our lives are increasingly heading online. Employment opportunities, public services and everyday tasks rely on the Internet more than ever.  That’s why we are working so hard to reduce the digital divide in our city.

    “Having such supportive, committed partners like Virgin Media O2 and Jangala has been essential to the continued success of that work.

    “These Get Boxes are really fantastic pieces of kit and the feedback we’re getting from residents is excellent.”

    Grace*, who has been using a Get Box to get online, said:

    “I was very happy. Like this, I can speak more with my family. I have not seen them for one year. I cried with happiness when I got the box.”

    Nicola Green, Chief Communications and Corporate Affairs Officer at Virgin Media O2, said:

    “Virgin Media O2 is proud to be leading the way in helping those in need to get online.

    “Our partnership with Jangala is providing a lifeline to thousands of people who otherwise would be disconnected, giving them access to the online world so they can do everything from booking medical appointments to accessing digital skills training, or simply staying in touch with loved ones.

    “It builds on the measures Virgin Media O2 is taking to tackle data poverty. Whether it’s free O2 data from the National Databank, rehoming devices and data with people who need them via Community Calling, or offering reduced broadband and mobile plans for people receiving benefits, we’re committed to helping people in need stay connected.”

    Rich Thanki, Managing Director at Jangala, said:

    “Jangala is very proud to be partnering with Virgin Media O2 to help connect thousands of people across the UK who have faced digital exclusion, helping people access important services, communication with family and friends and all that Internet access brings.

    “Our low-cost and open source Get Box, designed at the outset of the Covid lockdown, and our work with Virgin Media O2, the National Databank, local councils and groups across the UK, is a great demonstration of the power of collaborative tech for good”

    Organisations can apply for Get Boxes by visiting Jangala’s website.

    Virgin Media O2 also supports Jangala’s global Emergency Response programme, where the company provides funding and O2 data for Jangala’s award-winning Big Boxes. Big Boxes are deployed during global humanitarian crises, enabling disaster response teams and communities to access WiFi.

    On top of this, Virgin Media O2 has also rehomed 20,000 smartphones with people who need them as part of its Community Calling initiative with environmental charity, Hubbub.

    *Name has been changed.

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI Russia: Tatyana Golikova greeted the finalists and winners of TEFI-Kids – 2024

    Translation. Region: Russian Federation –

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

    Deputy Prime Minister Tatyana Golikova greeted the finalists and winners of the Russian National Television Award in the field of children’s, youth, family cinema and television “TEFI-Kids – 2024”. The award ceremony took place at the Et Cetera Theatre.

    Tatyana Golikova with the President of the Russian Television Academy, Special Representative of the President of Russia for International Cultural Cooperation Mikhail Shvydkoy, the President of the TEFI-KIDS Award Alexander Mitroshenkov, and the General Director of the Russian Television Academy Foundation Eteri Levieva

    October 29, 2024

    Tatyana Golikova at “TEFI-KIDS – 2024”

    October 29, 2024

    Tatyana Golikova with the finalists and winners of the Russian National Television Award in the field of children’s, youth, family cinema and television “TEFI-KIDS – 2024”

    October 29, 2024

    Tatyana Golikova greeted the finalists and winners of the Russian National Television Award in the field of children’s, youth, family cinema and television “TEFI-KIDS – 2024”

    October 29, 2024

    Tatyana Golikova greeted the finalists and winners of the Russian National Television Award in the field of children’s, youth, family cinema and television “TEFI-KIDS – 2024”

    October 29, 2024

    Previous news Next news

    Tatyana Golikova with the President of the Russian Television Academy, Special Representative of the President of Russia for International Cultural Cooperation Mikhail Shvydkoy, the President of the TEFI-KIDS Award Alexander Mitroshenkov, and the General Director of the Russian Television Academy Foundation Eteri Levieva

    “The TEFI-Kids award is being presented for the sixth time, and it is very symbolic that this year it is being held in the Year of the Family declared by the President of our country. It is in the family that the main values for a small person begin to form, and it is important that these values are formed correctly. We love cinema and television. It is of great importance that cinema and television form the right attitude to life, the right attitude to our country, to the values that are an absolute priority for us. In our fairy tales – love, loyalty, mutual understanding, a sense of shoulder. And it is very good that this is now being revived. Our children are raised on fairy tale heroes, and it is very important what they will take from these heroes and what values they will go with into adulthood, “said Tatyana Golikova.

    The Deputy Prime Minister particularly emphasized the importance of active participation of Russian regions in the award, expressing hope that the geography of the competition will only expand. Works from 27 regions have been submitted for the 2024 award.

    Tatyana Golikova thanked the Academy of Russian Television, headed by its president, special representative of the President of Russia for international cultural cooperation Mikhail Shvydkoy, president of the TEFI-Kids award Alexander Mitroshenkov, and general director of the Foundation of the Academy of Russian Television Eteri Levieva for the implementation of this unique project.

    The TEFI-Kids award was created to encourage the most significant works in the field of children’s, youth, family cinema and television in Russia. Development trends, new formats, and leaders are determined. The award is presented in 12 nominations.

    The winners of the TEFI-Kids – 2024 award are:

    1. Daily information and entertainment program for children “Shustroe Utro” Producer: State Unitary Enterprise of Krasnodar “New Television of Kuban” Broadcaster: “Kuban 24”, Krasnodar

    2. Best full-length film for children and family viewing “By the Pike’s Command” Producer: STV Film Company LLC, St. Petersburg Kinopoisk Online Cinema, Moscow

    3. Best TV series for children and family viewing “Youth” Producer: Goose Goose Films commissioned by JSC “STS” Broadcaster: STS, Moscow

    4. Director of the film/series for children and family viewing Ilya Uchitel. Film “The Flying Ship” Producer: OOO “TPO “ROK” Film distribution company “Nashe Kino”, Moscow

    5. Director of a television program for children and family viewing Anton Mikhalev. Studio “Kalyaki-malyaki” Producer: OOO “Magnetik” Broadcaster: “Karusel”, Moscow

    6. Host of the children’s program Islam Khabibullin. “Shayan match” Producer: JSC “TRK Novy Vek”, Kazan Broadcaster: “Shayan TV”

    7. Design of the TV channel/program/Internet project for children “Smarter than everyone” Producer: OOO “TV Company “Friday” Broadcaster: “Friday!”, Moscow

    8. Best animated film for children “Three heroes and the Navel of the Earth” Producer: Melnitsa Animation Film Studio LLC, St. Petersburg Film distribution company – Volga LLC

    9. Best animated series for children “Mini-bears”. Episode “The Best Tail” Producer: JSC “Digital Television” / Animation studio “Parovoz” Broadcaster: “Mult”, Moscow

    10. The best TV channel for children “Lyova” Producer: OOO “Kanal” Broadcaster: “Lyova”, Moscow

    11. The best program for children “Shudon crust. Decent and indecent” Manufacturer: State Unitary Enterprise UR “TRK “Udmurtia”” Broadcasting channel: “TRK “Udmurtia””, Izhevsk

    12. Best music for a children’s program / film / series / animated film “Spirit of Baikal” Producer: OOO “RVV Film”, Moscow Online cinema “Okko”

    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 –

    January 25, 2025
  • MIL-OSI Russia: There will be no problems with payments – banks of China and Vietnam will open branches in Russia

    Translation. Region: Russian Federation –

    Source: Mainfin Bank –

    Why do Chinese banks want to work in Russia?

    The desire of foreign banks from countries conducting trade and economic activities with Russian partners to open structural divisions in the Russian Federation is explained by a number of reasons:

    the risk of secondary sanctions for working with individuals subject to restrictions in China and other countries; blocking sanctions imposed on most domestic financial institutions; difficulties with international payments – Chinese banks are increasingly refusing to make payments to Russians.

    In fact, the volume of trade between Russia and China continues to increase, but it is becoming increasingly difficult for the parties to conduct settlement operations. Opening offices of Chinese banks in the Russian Federation would solve the problem that has arisen due to the pressure of sanctions.

    What operations are available to foreign banks in Russia?

    Pursuit banks from China and Vietnam to open offices on Russian territory is also connected with the approval in 2024 of a bill allowing foreign credit institutions to operate in the Russian Federation. Thus, the document allows foreign banks after opening a branch:

    provide banking services to businesses; make payments and transfers between legal entities; collect cash and other payment documents; open accounts for entrepreneurs.

    “Small banks from China and Vietnam are ready to come to Russia and start working – the signals are coming against the backdrop of the development of economic relations: companies want to ensure settlements in international trade,” the State Duma stated.

    Uninterrupted payments are one of the development areas agreed upon by Beijing and Moscow: the parties previously agreed to develop the settlement infrastructure, including by opening offices and divisions of credit institutions.

    13:10 10/29/2024

    Source:

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://mainfin.ru/news/problems-with-payments-there will be-no-banks-of-China-and-Vietnam-will-open-branches-in-Russia

    MIL OSI Russia News –

    January 25, 2025
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