NewzIntel.com

Category: Europe

  • MIL-OSI United Kingdom: Improved recording of A&E activity

    Source: Scottish Government

    New method backed by Royal College of Emergency Medicine.

    A new methodology to accurately capture all emergency care activity in weekly and monthly Public Health Scotland statistical publications will be applied from 4 February 2025.

    The move, backed by the Royal College of Emergency Medicine, means published statistics will now include ‘planned’ A&E attendances. This is where a patient is given a specific time slot to attend a minor injury unit or A&E department to receive emergency care.

    The update follows recommendations from an expert working group, that was asked to consider how to improve the consistency in the recording of A&E activity nationally. The inclusion of ‘planned’ attendances in Scottish A&E statistics aligns with the inclusion of booked ‘new’ appointments in A&E statistics reported in England. 

    In a published analysis of the new methodology, Public Health Scotland have confirmed the changes will have a minimal impact on performance figures.

    National Clinical Lead for Quality & Safety NHS Scotland Dr John Harden said:

    “On behalf of the Scottish Government, I thank the expert working group for their work to explore how we can improve the consistency in the recording of A&E activity.

    “As we strive to improve A&E performance, it is vital that we have a clear picture of emergency care across the country, and that the data we collect reflects the hard work of staff on the ground, so we have accepted the group’s recommendation to include planned A&E attendances in published stats.

    “This means weekly and monthly stats will now provide a more accurate and consistent reading of the levels of emergency care being provided by our Health Boards.”

    Vice President of the Royal College of Emergency Medicine Dr John Paul Loughrey said:

    “The Royal College of Emergency Medicine welcomes the Scottish Government’s ‘Four Hour Emergency Access Standard: Expert Working Group Recommendations Report’. Accurate and consistent performance monitoring is crucial for improving Emergency Care in Scotland.

    “The working group formed to assess performance data has provided recommendations that will significantly enhance data collection and prevent variations across health boards. The measures will help provide a clearer representation of the pressures faced by A&Es and ways for Policy Makers to work with clinical experts and RCEM to resuscitate emergency care.”

    Clinical Director of Emergency Medicine at NHS Lothian Dr David McKean said:

    “This revision of the Emergency Access Standard demonstrates a further commitment to providing safe, timely care to patients across Scotland. It should help to remove variation and ensure that all patients requiring emergency care are treated consistently across services.”

    Background

    Four Hour Emergency Access Standard: Expert Working Group Recommendations Report – gov.scot (www.gov.scot)

    The Scottish Government, along with Public Health Scotland, established the Four Hour Emergency Access Standard Expert Working Group to consider how to improve the consistency in the recording of A&E performance across NHS Scotland.

    The Working Group was formed of: clinical experts from across Scotland’s Health Boards; information and data representatives from Boards; Data Management and Analytical Teams from Public Health Scotland; representation from the Royal College of Emergency Medicine and officials from the Scottish Government’s Health and Social Care Directorate.

    Overview – Accident and emergency – Urgent and unscheduled care – Acute and emergency services – Our areas of work – Public Health Scotland

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Portsmouth’s ‘call to the classroom’ answered with new webinar

    Source: City of Portsmouth

    A city leader has thanked Portsmouth’s community for answering a call to the classroom to teach children and young people in schools.

    Teach Portsmouth, a Portsmouth City Council service, is organising a ‘Love to Teach’ webinar on Wednesday 23 October from 5pm – 5:45pm.

    The webinar aims to support individuals who are interested in becoming teachers but are unsure about their options. This includes students who are graduating this summer as well as those who are already qualified to start training.

    Nationally, challenges remain in recruiting teachers, with a new 5% pay award helping to attract more applicants. However, primary and secondary teacher training applications are still below target across the UK for the academic year 2023/24.

    Councillor Suzy Horton, Cabinet Member for Children, Families and Education at Portsmouth City Council, said:

    “I would like to thank everyone for their interest in attending Teach Portsmouth’s webinar. It is perfectly timed to give those at the start of their teaching career an opportunity to ask questions and learn more about the profession – just as applications open.

    “While there are challenges nationally, Portsmouth is leading the way in demystifying training routes into teaching and providing practical advice for those ready to take the next step.”

    The webinar will feature local teacher training providers and early career teachers, offering a range of perspectives and experiences to help aspiring educators understand the variety of pathways available.

    Topics will include university-led postgraduate courses, school-centred initial teacher training (SCITT) programmes, and financial support options including bursaries and scholarships. Attendees will have the chance to ask questions during a live Q&A session.

    While the UK faces ongoing pressures in teacher recruitment, Portsmouth is working proactively to attract and retain talent. Local initiatives to recruit teaching assistants and school staff, have helped the city stay ahead in tackling these challenges.

    Over the last academic year, 12 people have been recruited into support vacancies and volunteering roles in schools. Alongside this, a further 34 people have started training with The Learning Place. These sessions are designed to boost skills and confidence, preparing people before applying for a vacancy.

    Teach Portsmouth’s Love to Teach webinar is free to attend and held on Zoom video conferencing. Those interested will need to register in advance of the session.

    For more information about the webinar, please visit http://www.teachportsmouth.co.uk/webinar.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Council enjoy significant success in fly-tipping crackdown

    Source: Northern Ireland City of Armagh

    Officers from Armagh City, Banbridge and Craigavon Borough Council have revealed significant successes in their crack-down against fly-tippers over recent months.

    Since the start of April this year, 11 separate Fixed Penalty Notices (£400 fines) have been issued to those responsible for dumping rubbish in green areas and public spaces.

    These enforcement actions have taken place right across the ABC Borough in both urban and rural areas, with five Fixed Penalty Notices issued in Portadown, two in Armagh, two in Lurgan, two in Craigavon and one in Keady.

    A spokesperson for ABC Council said one offender who dumped waste outside a recycling centre in Keady when it was closed and failed to pay the Fixed Penalty Fine was later taken to court and fined £500 plus costs.

    The spokesperson said: “A further five people who failed to respond to notices issued in relation to fly-tipping offences were fined in court with the fines ranging from £150 to £300 plus costs.

    “There is no reason why anyone would have to fly-tip waste as the council provides a collection service for bulk waste items such as white goods, furniture etc.

    “We would also urge anyone who does not have the appropriate wheeled bins for their waste to contact their landlord where appropriate or contact the Environmental Services Department within council.”

    The spokesperson added: “Fly-tipping is damaging to the climate, the environment and local wildlife and our Environmental Health officers are determined to continue our zero-tolerance approach, by pursuing all those responsible for fly-tipping and issuing these very significant fines.”

    Members of the public can also help in the fight against fly-tipping, by reporting incidents via the ABC Council App which is available to download on the App store and Google Play store, or by calling the Council’s Environmental Health team directly on 0300 0300 900.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Challenges for the Mayor’s 2025-26 budget

    Source: Mayor of London

    The Mayor of London is responsible for a total budget of £20.7 billion, but what should be his priorities for 2025-26?

    The Mayor’s Budget Guidance document highlights three issues “causing considerable uncertainty to the Greater London Authority (GLA) Group’s medium-term financial forecast”:

    • the future state of London’s economy.
    • the upcoming spending reviews for 2025-26, to be announced as part of the Autumn Budget on 30 October 2024, and for 2026-29, which is due in Spring 2025.
    • the prospect of the government introducing reforms to the local government finance system.1

    The London Assembly Budget and Performance Committee will meet tomorrow to hear from a panel of outside experts on the effectiveness of the Mayor’s current budget priorities, and also to discuss and anticipate future financial trends and challenges ahead of next year’s budget.

    Guests include:

    Panel 1 – TfL Funding (10am – 11.15am)

    • Stuart Hoggan, Associate Consultant, LG Futures
    • Antonia Jennings, CEO, Centre for London
    • Tom Pope, Deputy Chief Economist, Institute for Government
    • Tony Travers, London School of Economics (LSE) Department of Government and Director of LSE London
    • Luke Hillian, Strategic Finance Analyst, London Councils
    • Michael Roberts, CEO, London TravelWatch

    Panel 2 – Affordable Housing Delivery (11.15am – 12.10pm)

    • Stephanie Pollitt, Programme Director (Housing), BusinessLDN
    • Stuart Hoggan, Associate Consultant, LG Futures
    • Antonia Jennings, CEO, Centre for London
    • Tom Pope, Deputy Chief Economist, Institute for Government
    • Tony Travers, LSE Department of Government and Director of LSE London
    • Luke Hillan, Strategic Finance Analyst, London Councils

    Panel 3 – London Police and Crime Plan and the New Met for London Programme (12.10pm – 1pm)

    • Rick Muir, Director, Police Foundation
    • Ian Wiggett, Associate Director, World Policing Advisory

    The meeting will take place on Tuesday 22 October from 10am, in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.

    Media and members of the public are invited to attend.

    The meeting can also be viewed LIVE or later via webcast or YouTube.

    Follow us @LondonAssembly.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Applications for the 2025 Winter PPS Competition are now open

    Translation. Region: Russian Federation –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    On October 21, the Higher School of Economics launched the next contest to fill positions of professorial and teaching staff in Moscow, Saint Petersburg And Perm. The competitive application provides for the candidate to choose a preferred career path – academic, educational and methodological or practice-oriented. 273 vacancies are posted for the competition, documents are accepted until 15:00 on November 25.

    Of the 273 vacancies, 172 are offered in Moscow, 79 in St. Petersburg, and 22 in Perm. The Nizhny Novgorod campus is not participating in this competition.

    A total of 707 applications were submitted for the 2024 summer competition, including 476 in Moscow, 152 in St. Petersburg, 36 in Nizhny Novgorod, and 43 in Perm. Decisions on election to the position were made based on 598 applications (415, 106, 34, and 43 by campus, respectively).

    The competition for filling the positions of the teaching staff at the National Research University Higher School of Economics is as open as possible; external candidates have the same chances of winning as current HSE employees. Documents are submitted online in the electronic system – this simplifies the submission of the competition application, gives the opportunity to take part in the competition to people from different cities and countries.

    The selection for the 2025 winter competition consists of several stages.

    First, the applicant must submit the competition documents, then the specialized personnel commissions (there are 34 of them) will decide whether to continue their consideration or reject them, after which their examination will begin, and if necessary, interviews and personal appearances will be held. Any candidate for the position of faculty member can consult with the managers of the personnel commissions at any time and ask them any questions they may have, regardless of whether they are from HSE or not.

    More information about the stages of the competition can be found on its page, and explanations on the preparation of documents and criteria for assessing applicants are also posted here. The registration procedure for participation in the competition lasts more than a month – this time is enough to order and submit documents confirming the absence of restrictions on conducting educational activities.

    Each applicant must fill out the type of competition questionnaire that corresponds to their status. There are three types: “I am a teacher at HSE”, “I work at HSE under an employment contract, but I am not a teacher / I work under a civil contract”, “I am an external participant”. Completion of the competition questionnaire for all participants is carried out through a single personal account (SPA), to enter which university employees can use a corporate login and password. External participants must register in the SPA, after which a password will be sent to the email address they specified.

    When filling out the competition questionnaire, each participant will be asked to choose the closest professional (career) trajectories, within which he sees his professional development at HSE (first and second priorities). There are three such trajectories: academic, educational-methodological and practice-oriented. The candidate’s choice of a preferred career trajectory in the competition application must be confirmed by the data and indicators that he presents in his questionnaire.

    The core of the requirements for employees on the academic trajectory is publication activity in terms of scientific publications. The evaluation criteria for the educational-methodological and practice-oriented professional trajectories have been developed by specialized personnel commissions and approved by the academic councils of faculties/branches.

    In recent years, attention has been paid to the compliance of candidates working at the Higher School of Economics with the rules and principles of assessing student learning outcomes (preventing “grade inflation”). The questionnaire includes a question about taking courses to develop teaching skills, regardless of the chosen trajectory. If you have not completed such courses as part of your advanced training, you can start with independent study of the online course “Modern Approaches to Teaching and Learning”. Other opportunities are also available as part of the “Teach4HSE / We Teach at HSE” project.

    If the candidate has entered into an agreement on electronic interaction (this is only possible on the Moscow campus), he/she will be able to sign the application in electronic format using a simple electronic signature. If he/she has not entered into an agreement, then by November 25, it is necessary to either send a scan of the signed application to the e-mail addresses indicated on page in the section “Application for participation in the faculty competition”, or submit the original to the single reception office of the HSE University – Moscow, to the academic secretary – at the HSE University in St. Petersburg and Perm, or send the document by mail (this can be done before the end of the document acceptance period, notifying the university about sending and keeping the receipt). When filling out the questionnaire, you will be able to see the corresponding instructions.

    The results of the competition will be announced on February 13 by the Academic Councils of the branches (recommendation of professors, election of assistants, lecturers, senior lecturers, associate professors), on February 26 – by the Academic Council of the HSE in Moscow (voting for participants from the capital, for professors from the HSE in St. Petersburg and Perm). The format of the faculty competition will be determined before the meeting of the Academic Council of the HSE / branch at which the competition will be held, and posted on the HSE portal.

    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.

    http://vvv.hse.ru/nevs/edu/977901263.html

    MIL OSI Russia News –

  • MIL-OSI Translation: 18/10/2024 The Sejm adopted an act amending the excise tax on tobacco products, innovative products and e-cigarette liquid

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    Source: Polish Excise Duty in Polish. Source: Polish Excise Duty in Polish.18 of 2024, at its 20th session, the Sejm of the Republic of Poland passed an act amending the Excise Duty Act and certain other acts (print no. 692). The act assumes making the current excise road map more realistic by increasing excise duty rates on tobacco products (cigarettes, smoking tobacco and cigars and cigarillos), dried tobacco and innovative products, as well as including e-cigarette liquid in the scope of this map in the years 2025-2027. The impetus for introducing the update of rates was the increasing purchasing power of consumers from year to year. With the increase in the average salary, an increasing number of stimulants can be purchased for a monthly salary. The increase in excise duty rates on tobacco products and their substitutes is primarily intended to limit the consumption of the above products by consumers, especially minors. The current tax rates will apply until July 28, 2025. New excise duty rates will apply from March 1, 2025. MIL OSIMIL OSI

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI United Kingdom: Up to £600 cash boost for Britain’s lowest paid to help kickstart the economy

    Source: United Kingdom – Executive Government & Departments

    Ten million working people across the country to benefit from an overhaul of workers’ rights as the Government’s landmark Employment Rights Bill returns to Parliament.

    • Impact assessment shows the Employment Rights Bill will have a positive direct impact on economic growth
    • Reforms means extra 30,000 new dads qualify for paternity leave
    • Positive impacts set out include the Employment Rights Bill delivering up to £600 income savings for workers in the lowest paid, insecure jobs

    Ten million working people across the country will benefit from an overhaul of workers’ rights as the Government’s landmark Employment Rights Bill returns to Parliament today (Monday 21 October).

    The Bill will support employers, workers and unions to get Britain growing again as shown by its Impact Assessment published today, setting out how it could boost productivity, create better working conditions and move more people into secure work while improving living standards for families and communities across the UK.

    The analysis shows “many of the policies within the Employment Rights Bill could help support the Government’s Mission for Growth.” It concludes that the package could have “a positive but small direct impact on economic growth” and will “help to raise living standards across the country and create opportunities for all.”

    Poor productivity, insecure work, and broken industrial relations have been holding back the British economy for too long. Last year the country saw the highest number of working days lost to strikes since the 1980s – costing the economy millions of pounds. This has entrenched a culture of brinkmanship that only serves to damage public services, public finances, and public faith in institutions. Today is a significant step in putting an end to that – as the Employment Rights Bill reaches its second reading, alongside a package of consultations to help inform its next steps. This includes a consultation on our new approach to Statutory Sick Pay, where the Bill will be removing the waiting period and the Lower Earnings Limit.

    The Bill is expected to benefit people in some of the most deprived areas of the country by saving them up to £600 in lost income from the hidden costs of insecure work. Around 2.4 million people in the UK work irregular patterns like zero or low hours contracts or agency jobs, where insecure hours can mean forking out on expensive childcare or transport to cover last-minute shifts – or losing out altogether if work is changed or cancelled at short notice.

    New protections like guaranteed hours and giving reasonable notice or compensation for lost work will help shift workers keep up to £600 a year, including workers in the North and Midlands where irregular work is highest.

    For a cleaner working night shifts on an average annual wage of £21,058, a £600 saving would be worth over £250 more a year than the last two national insurance cuts.

    Deputy Prime Minister Angela Rayner said:

    We’re delivering real change for working people across the country, while driving our mission for growth and making people better off.

    Successful firms already know that strong employee rights mean strong growth opportunities. This landmark legislation will extend the employment protections given by the best British companies to millions more workers.

    We said we would get on and deliver the biggest upgrade to rights at work in a generation and the growth our economy needs – and that is exactly what we are doing.

    Speaking in the House later today, Business Secretary Jonathan Reynolds will say:

    From our very first day in office, this Government has moved to restore security for working people.

    That principle runs throughout this legislation and ensuring that employee rights are fit for a modern economy, empower working people, and contribute to our central mission of economic growth.

    Make no mistake – a pro-worker economy is a pro-business economy. This legislation will deliver a new deal for working people. It will help fix our broken labour market. And it will tackle the poor pay, poor working conditions and poor job security that have been holding our economy back.

    The Plan to Make Work Pay was developed in partnership with both businesses and trade unions, and the Government will continue to work closely with all stakeholders on how best to implement these commitments. The Impact Assessment sets out further details on how the new measures will:

    • Create a level playing field for all businesses, raising standards and helping stop the undercutting of good employers. 

    • Make flexible working the default, helping people achieve a better work life balance, which can lead to happier, healthier and more productive employees, which benefits both workers and businesses.

    • Provide a boost for business by supporting higher workforce participation and more opportunities to employ a wider pool of talent, thanks to increased flexibility and employment rights.   

    • Bring 1.5 million workers into scope of the right to unpaid parental leave. 

    • Allow payments to workers for short notice shift cancellation or curtailment as high as £120 million per year

    • Offer benefits to workers in sectors such as hospitality, which makes up around 20% of low-paying jobs and accounts for a disproportionate amount of economic activity in areas of central Scotland, North Wales and Southwest England.
    • Create a right to bereavement leave following the death of a loved one, which could benefit up to 2 million people a year.

    The analysis also confirms costs to business will represent under 0.4% of total employment costs across the economy. The majority of this will be transferred directly into the pockets of workers – helping raise living standards and give people more money to spend on the high cost of living, which has driven up over the past 14 years.

    Through new consultations launched today, the Government will be seeking views on the following four areas: 

    Strengthening Statutory Sick Pay through setting a new rate for those on lower earnings

    As part of the Government’s Plan to Make Work Pay the waiting period for Statutory Sick Pay (SSP) will be removed as well as the Lower Earnings Limit. These changes will ensure SSP is available to employees from day one of their sickness absence and is available to all employees, regardless of their earnings. A consultation will seek views on what percentage rate should be paid for those earning below the current rate.

    The UK currently has one of the least protected labour markets in the OECD and these changes will mean up to 1.3 million employees who are currently excluded from SSP will now be eligible. Further detail is available here.

    Ensuring the provisions on Zero Hours Contracts apply effectively to agency workers

    The Government is committed to ending one-sided flexibility for all workers, which is why this consultation wants to fully understand how the zero hours contracts measures in the Employment Rights Bill can best be applied to agency workers without causing unintended consequences. Further detail is available here.

    Creating a modern framework for industrial relations

    Over recent years, trade union laws have been a barrier to effective, positive industrial relations in this country.  Alongside reforms in the Bill, the Government is consulting on several changes to the industrial relations framework, hardwiring a series of fundamental principles including collaboration and accountability, and enabling trade unions to represent and deliver on behalf of their workers. Further detail is available here.

    Strengthening remedies against abuse of the rules on collective redundancy and fire and rehire

    This consultation will ask for views on increasing the maximum period for the protective award in cases where employers haven’t complied with collective redundancy rules, and adding interim relief to collective redundancies and unfair dismissals in fire and rehire scenarios. Further detail is available here.

    Work and Pensions Secretary Liz Kendall MP said:

    Millions of employees across the UK who can’t immediately get sick pay if they are too unwell to work deserve better.

    People should not have to choose between earning a living at work or getting better at home – the changes we want to see will allow employees to do both and businesses to get on.

    We are now asking for your views on the rate of sick pay for low earners, as we fix our broken labour market and the poor pay and working conditions that have been holding our economy back.

    As set out in Next Steps to Make Work Pay, this package is just the first step as we look to engage all stakeholders on how to best put our plans into practice, with further consultation to come in the months ahead. The majority of reforms are expected to take effect no earlier than 2026.

    TUC General Secretary Paul Nowak said:

    Everyone who works for a living deserves to earn a decent living – and to be treated with dignity and respect. The Employment Rights Bill is an opportunity to make work pay for millions and to give working people vital rights and protections.

    We urge MPs from all parties to support this Bill and to be on the right side of history. It’s time to turn the page on the low-pay, low-rights and low-productivity economy of the last 14 years.

    Driving up employment standards is good for workers and good for business. It will allow people more control and predictability over their working lives – and stop decent employers from being undercut by the bad.

    Michelle Ovens CBE, Founder of Small Business Britain

    Small business owners are rarely against additional rights for their staff, so this is unlikely to deter them from hiring. Indeed they often exceed regulations to offer flexible local employment opportunities that deliver value beyond simply creating work. It must be remembered that the proposed Employment Rights Bill does include protections for employers – such as a lighter-touch process for fair dismissal so employers can continue operating probation periods.

    However, any changes must consider the squeezed budgets and resources small businesses have. We look forward to working with the Government to ensure owners have the support they need to navigate new processes and feel confident that they can meet the costs over the long term.

    Neil Carberry, Chief Executive of the Recruitment and Employment Confederation (REC), said:

    The Government consultations on the Employment Rights Bill offer a crucial chance for business and labour market experts to engage on the detail of how the proposals will impact flexible work.

    In particular, we welcome the opportunity to offer feedback on how agency work interacts with zero hours contracts. We asked for this and the Government have listened.  

    In delivering the Government’s plan to Make Work Pay, we must ensure the views of the full range of workers are taken into consideration and that the protections and opportunities currently afforded to many, for example to agency workers, are in no way jeopardised or put into conflict with future legislative changes.

    NOTES TO EDITORS

    • 10 million employees benefitting is based on:
      • ‘Making Unfair Dismissal a Day One’ right which will strengthen protections for all of the 9 million employees who have been with their employer for less than two years.
      • The 2.4 million employees on variable hours contracts that will benefits from a right to guaranteed hours and a right to payment for shifts cancelled, moved or curtailed at short notice.
      • ‘The right to Bereavement Leave’ following the death of a close family member which would benefit between 900,000 and almost 2 million people a year depending on the definition of the scope
      • Bringing an extra 30,000 fathers or partners into scope of Paternity Leave and 1.5 million workers into scope of the right to Unpaid Parental Leave.
    •  Following the consultation on Statutory Sick Pay, the government will specify the percentage rate in law and will seek to make this change through a government amendment to the Employment Rights Bill.
    • Employee will be entitled to a percentage of their weekly earnings or the current SSP flat rate, whichever is lower.   

    • More information on the Plan to Get Britain Working is available here: Back to Work Plan will help drive economic growth in every region – GOV.UK (www.gov.uk)

    • The government’s Impact Assessment shows that around 2.4 million people in the UK are in irregular work such as zero hours or low hours contracts or agency work. This is a total 8.3% of the UK’s workforce who will benefit from strengthened basic protections like guaranteed hours and reasonable notice and compensation for cancelled or changed shifts. These changes will also benefit people in more deprived areas of the country, including the North and Midlands where oa greater proportion of employees are in irregular work.
    • Research by the Living Wage Foundation finds that many shift workers end up forking out on expensive childcare or transport to cover last minute shifts or losing out on this money altogether after short notice changes or cancellations. The Living Wage Foundation estimates that these workers may each save up to £600 a year on lost income, thanks to new protections in the Bill. For a cleaner working night shifts on the median wage of £21,058, a £600 saving would be worth over £250 a year more than the last two national insurance cuts.

    Updates to this page

    Published 21 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Central Library hosts breast cancer information event

    Source: City of Wolverhampton

    It takes place on Thursday (24 October) from 10.30am to 12pm in aid of Breast Cancer Now and in partnership with AgeUK. People are invited to come along for a cuppa, a cake and to find out more about support services in the local area. They can also wear something pink and make a donation for charity.

    Meanwhile, staff from the City of Wolverhampton Council’s Public Health team and the Black Country Integrated Care Board will be at Asda, Wolverhampton, next Monday between 10am and 3pm, to talk to people about the importance of breast screening and of routinely checking their breasts for any changes.

    Statistics show that around 1 in 7 women in the UK will be diagnosed with breast cancer at some point in their lives, making it the most common cancer in the UK. It leads to around 11,500 deaths each year – but the NHS breast screening programme is helping to reduce breast cancer mortality by around 20% in women who are regularly screened.

    Anyone registered with a GP as female will be invited for NHS breast screening every 3 years between the ages of 50 and 71. Those over 71 can request screening. If you have not been invited for breast screening by the time you are 53 but think you should have been, please contact the Dudley, Wolverhampton and South West Staffordshire Breast Screening Service – for more details.

    As well as screening, the NHS recommends that people check their breasts once a month. This will help with what is normal for your body therefore it will be easier to detect any changes that may need further examination from a health professional. For help, visit Check your breasts. You can also sign up to a monthly text reminder to check with Breast Cancer UK.

    John Denley, Wolverhampton’s Director of Public Health, said: “Cancer screening and routinely checking your breasts for any changes is essential for early detection, which is critical in improving treatment outcomes and survival rates.  

    “Early stage cancers are often more treatable and have a better prognosis than those detected at a later stage, and almost all women diagnosed with breast cancer at the earliest possible stage in England survive their disease for at least 5 years after diagnosis.

    “Screening can also identify precancerous conditions that can be treated before they develop into cancer, further reducing the risk of cancer development. By catching cancer early, screening programmes can reduce the overall burden of cancer, decrease healthcare costs, and improve the quality of life for patients.

    “If you have any questions or concerns, or simply fancy having a chat with experts while enjoying some free refreshments, please come along to our coffee morning and information session at Central Library on Thursday, or pop into Asda next Monday.”

    For more information about breast cancer in women please visit Breast cancer in women.    

    Though rare, men can also get breast cancer – for more information, please visit Breast cancer in men.

    For more information, resources and support, visit Living with breast cancer.

    MIL OSI United Kingdom –

  • MIL-OSI Economics: Report for the G20 on tokenisation highlights the opportunities, risks and future considerations for central banks

    Source: Bank for International Settlements

    • Tokenisation could have implications for the future of finance and the role of central banks in payments, monetary policy and financial stability.
    • While tokenisation could offer numerous benefits for the financial system and broader economy, costs and risks also need to be considered.
    • BIS report highlights four key considerations for central banks: private sector initiatives; trade-offs between different types of settlement assets; sound regulation, supervision and oversight for tokenisation; and the impact on monetary policy implementation.

    Tokenisation of money could have implications for the role of central banks in payments, monetary policy and financial stability, according to a report to the G20 published today by the Bank for International Settlements (BIS).

    Tokenisation in the context of money and other assets: concepts and implications for central banks, which was prepared by the BIS, including the BIS Committee on Payment and Market Infrastructures (CPMI), examined tokenisation – the generation and recording of digital representations of traditional assets on a programmable platform. 

    The report also looked at global challenges in the regulated payments sector and focused on the possible benefits of tokenisation in addressing existing frictions in financial markets. It considered potential benefits of some of the innovative solutions involving new use cases and functions that are currently being explored around the world. 

    It notes that, while the potential benefits of tokenisation, such as cheaper and speedier transactions, have attracted interest, the costs and risks need to be considered. 

    They may also affect how pre- and post-trade functions are executed for money and other assets. In addition, ensuring appropriate governance and legal frameworks, credit and liquidity risks, as well as custody and operational risks will also require focus. 

    The report also highlights that risks may materialise in a different manner to the challenges faced by conventional market infrastructures. Tokenisation arrangements provide platform-based intermediation for financial assets that may lead to changes in how financial markets operate and are structured. 

    In this context, the report focuses on four key considerations for central banks:

    • responding to ongoing private sector tokenisation initiatives; for example, whether to foster interoperability in the case of fragmenting markets;
    • assessing the trade-offs and the appropriate balance between different types of settlement assets in token arrangements;
    • Identifying, monitoring and assessing tokenisation arrangements that may need to be subject to sound regulation, supervision, and oversight; and
    • assessing the potential impact of token arrangements on monetary policy implementation, for example through changes in the structure of regulated markets or the demand for central bank versus other types of money. 

    Tokenisation has significant potential to improve the safety and efficiency of the financial system. Central banks along with the private sector must continue to explore novel technologies and develop solutions that are fit for purpose for the future financial system. However, tokenisation also poses economic, legal and technical challenges that must be addressed if it is to fulfil its potential. The BIS is committed to exploring aspects of these challenges through its analysis and Innovation Hub projects in the years ahead.

    Agustín Carstens, General Manager of the BIS

    As with existing payment, clearing and settlement systems, the potential capacity of token arrangements to improve financial system safety and efficiency will require sound governance and risk management. The well known risks of existing systems apply, but these risks may materialise in different ways due to the effects of token arrangements on market structure.  As follow-up to this report, the CPMI will continue its exploration of the topic, including the impact of innovation on the role of central bank money.

    Fabio Panetta, Governor, Bank of Italy and Chair, CPMI

    MIL OSI Economics –

  • MIL-OSI Russia: The General Physical Training Day brought together more than 2,000 first-year students and students of the NSU Specialized Scientific Center

    Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    As part of the Sports Festival of Friendship “Together We Are Strong!” another mass physical education event was held – “General Physical Training Day” among first-year students and students of the NSU SUNC.

    The festival received support from the All-Russian “Movement of the First” in the competition of project activities aimed at organizing leisure, education and development of youth, and the Department of Physical Education of NSU actively involves students and schoolchildren in various sports competitions.

    More than 2,000 people demonstrated their physical fitness in two exercises: young men did pull-ups and long jumps from a standing position, while young women also jumped and performed an abdominal exercise – lifting the body from a lying position to a sitting position in 1 minute.

    The winners among first-year students were:

    Abdominal exercise

    1st place – Anastasia Smirnova (IIR), result 63 2nd place – Alina Mordasova (GI), result 61 3rd place – Sofia Volkova (IFP), result 59

    Long jump from the spot 1st place — Ksenia Popova (FF), result 2252nd place — Anna Zubareva (FIT), result 220 3rd place — Irina Katsuk (FIT), Elizaveta Merkina and Polina Gnedenko (EF), result 205

    Among the guys, the leaders were:

    Pull-ups 1st place — Nikolay Morev (FEN), result 33 2nd place — Sergey Budyakov (IFP), result 26 2nd place — Mikhail Koshkin (IIR), result 26

    Long jump from the spot 1st place — Vladislav Kazarin (MMF), result 300 2nd place — Kirill Mulduyanov (MMF), result 290 3rd place — Alexey Koltyugin (GGF), result 285

    Students of the NSU SUNC showed the following results:

    Pull-up, boys 1st place – Gleb Markus, result 24, class 10-2 2nd place – Alexander Kornilov, result 23, class 11-1 3rd place – Arseniy Sadovsky, result 22, class 11-10

    Long jump from the spot, boys

    1st place — Alexander Kornilov, result 285, class 11-1 2nd place — Roman Desyatkin, result 280, class 11-1 3rd place — Gleb Markus, result 272, class 10-2

    1-Minute Press, Girls: 1st place — Arina Landl, result 52, class 10-2 1st place — Tatyana Vyshegorodtseva, result 52, class 10-7 3rd place — Sofia Belokopytova, result 50, class 10-6

    Standing long jump: 1st place – Anna Shcherbakova, result 215, class 9-3 2nd place – Arina Landl, result 210, class 10-2 2nd place – Diana Chun, result 210, class 11-2

    Congratulations to all winners and prize winners!

    The event was held with grant support#Movementsfirst#GrantsFirst #MovementsFirst

    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://vvv.nsu.ru/n/media/nevs/sports-physical department/day-ofp-gathered-over-2000-first-year-and-students-sunts-nsu/

    MIL OSI Russia News –

  • MIL-OSI Europe: AMERICA/USA – US Presidential election: Trump and Harris’ positions on abortion

    Source: Agenzia Fides – MIL OSI

    Washington (Agenzia Fides) – “Both are against life – the one who throws out migrants and the one who kills children”. “I cannot decide. I am not American and I will not go to vote there. But let it be clear: sending migrants away, denying them the ability to work and refusing them hospitality is a sin, and it is grave.” Abortion, on the other hand, means “killing a human being. Whether you like the word or not, it is murder”. This was Pope Francis’ response to a question about the moral dilemmas posed to American Catholic voters about who to vote for in the upcoming US presidential elections. On abortion and immigration, Donald Trump and Kamala Harris seem to hold opposing positions: the former is against abortion and supports draconian measures against illegal immigrants, the latter is for abortion and a policy of greater openness towards immigrants. But is this really the case? To understand the subject of the current abortion debate in the United States, it is necessary to take a step back. On June 24, 2022, the Federal Supreme Court overturned the 1973 Roe vs. Wade decision, which stated that the U.S. Constitution recognizes the right to abortion even in the absence of health problems of the woman or fetus and in the absence of circumstances other than the woman’s free choice. The 2022 ruling de facto rejected the right to abortion at the federal level and returned the issue to state legislatures. Trump, on the one hand, cites the fact that he appointed three Supreme Court justices who were part of the majority of the court that voted in 2022 to abolish the constitutional right to abortion, and on the other hand, he says he wants to leave the decision on this to individual states. “My view is now that we have abortion where everybody wanted it from a legal standpoint, the states will determine by vote or legislation, or perhaps both, and whatever they decide must be the law of the land”, he said. In the controversy with the Democratic candidate, who accused him during the September 10 TV debate that Trump would “sign a national abortion ban” if re-elected, the former president responded: “That’s a lie. I’m not signing a ban, and there’s no reason to sign a ban, because we’ve gotten what everybody wanted, Democrats, Republicans and everybody else, and every legal scholar wanted it to be brought back into the states.” When asked by moderator Linsey Davis whether he would veto a national ban, he replied: “I don’t have to,” but did not say that he would veto a national abortion ban if it were passed by Congress. But then he stressed, “Everyone knows that I would not support a federal ban on abortion under any circumstances, and I would even veto it because it is up to the states to decide based on the will of their voters.” Trump also wrote this in an all-caps message posted on social media when his vice presidential candidate JD Vance (R-Ohio) was asked about the issue during the vice presidential debate. The former president, meanwhile, also criticized some of the state’s more restrictive abortion laws, particularly Florida’s six-week clause, and said he favors exceptions in cases of rape, incest or when the mother’s life is in danger. Trump called the Florida ban a “terrible thing and a terrible mistake.” In an interview with NBC News in September, he reiterated that six weeks is “too short” and said he would “vote that we need more than six weeks.” Because of these comments, Trump was criticized by the most conservative part of his electorate for supporting a referendum to approve an amendment to Florida’s constitution, scheduled for November. The constitutional amendment proposed by Florida’s reproductive rights advocates does not specify the number of weeks within which an abortion can be performed, but provides that access to abortion in the state is available until the fetus is viable, i.e., approximately 23-25 weeks of pregnancy. Trump quickly backtracked, saying he would vote “no” on the abortion amendment, meaning that if it is rejected in November, Florida’s six-week ban would remain in place. Trump’s wife has since publicly stated that she supports women’s freedom of choice. “Without a doubt, there is no room for compromise when it comes to this essential right that all women possess from birth, individual freedom. What does ‘my body, my choice’ really mean?” she said in a video posted on social media. Democratic candidate Kamala Harris said at a campaign event in Savannah that her fight was “a fight for the future and it is a fight for freedom, like the freedom of a woman to make decisions about her own body and not have her government tell her what to do.” On her campaign website, Harris promises that if elected president, she will “never allow a national abortion ban to become law.” And “when Congress passes a bill to restore reproductive freedom nationwide, she will sign it”. Specifically, she supports the passage by Congress of a federal law to protect abortion rights, to counteract the Supreme Court’s 2022 decision that overturned the historic Roe v. Wade ruling recognizing the constitutional right to abortion. (L.M.) (Agenzia Fides, 21/10/2024)
    Share:

    MIL OSI Europe News –

  • MIL-OSI Europe: OSCE conference commemorates 25th anniversary of Turkmenistan’s accession to the Aarhus Convention

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

    Headline: OSCE conference commemorates 25th anniversary of Turkmenistan’s accession to the Aarhus Convention

    Participants discuss the role of the Aarhus Centre in promoting the Aarhus Convention during an OSCE-organized conference dedicated to the 25th anniversary of Turkmenistan’s accession to the Aarhus Convention, Ashgabat, 21 October 2024, OSCE (OSCE) Photo details

    On 21 October 2024, the OSCE Centre in Ashgabat hosted a conference dedicated to the 25th anniversary since Turkmenistan acceded to the Aarhus Convention, a key UN document on access to environmental information, public participation in decision-making and access to justice in environmental matters.
    The conference brought together representatives of the Aarhus Centre in Turkmenistan and public organizations, national environmental experts and governmental officials from relevant ministries and agencies.
    “As we celebrate this significant anniversary, I am pleased to highlight that Turkmenistan was the first Central Asian state to ratify the Aarhus Convention and commit to implementing provisions of this unprecedented environmental agreement,” said Olivera Zurovac-Kuzman
    , Economic and Environmental Officer at the OSCE Centre in Ashgabat.
    The event presented the draft National Report on the Implementation of the Aarhus Convention in Turkmenistan and its provisions and discussed the main areas of Aarhus Centre’s activities.
    A representative from the Aarhus Convention Secretariat, UNECE, focused on the role of the Aarhus Convention in promoting the principles of good environmental governance and sustainable development.
    Representatives of the Aarhus Centre in Turkmenistan reflected on the role of the Aarhus Centre in promoting the Aarhus Convention and the main areas of their activities emphasizing the importance of their work aimed at promoting sustainable water management. Experiences of organizing environmental campaigns were also shared.
    “We highly value our long-standing co-operation with the Aarhus Centre, hosted by the public organization ”Tebigy Kuwwat”,  in supporting Turkmenistan in the implementation of the Aarhus Convention and promoting access to information, public participation and access to justice in environmental matters,” added Zurovac-Kuzman.

    MIL OSI Europe News –

  • MIL-OSI Europe: OSCE Mission to BiH Organised Training on Good and Proactive Criminal Investigations

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

    Headline: OSCE Mission to BiH Organised Training on Good and Proactive Criminal Investigations

    Training on Good and Proactive Criminal Investigations organized in Mostar by the OSCE Mission to Bosnia and Herzegovina (OSCE) Photo details

    The OSCE Mission to Bosnia and Herzegovina (Mission), in cooperation with the Cantonal Prosecutor’s Office of Hercegovina Neretva Canton (HNC), organized a training for the police officials of the HNC Ministry of Interior on “Good and Pro-active Investigations”. The training aimed to enhance the quality of criminal investigations and foster stronger cooperation, coordination and communication between police officials and prosecutors.
    The training, which brought together 30 police officials from the three police administrations in HNC, delivered through three core components: a) the role of the police in proactive investigations and evidence collection; b) duties and responsibilities of police investigators in ensuring the legality of evidence; and c) a practical case-study focusing on building knowledge and skills concerning responses to prosecutorial instructions and court orders during investigations. This practical component was designed to enable police officials to engage in hands-on exercises, learning from both exemplary and deficient practices in crime scene investigations.
    The Mission is committed to supporting the professional development of law enforcement agencies across the country, with the aim of improving the overall quality of investigations and ensuring that police actions align with relevant domestic and international standards and are delivered in such a way to ensure effective responses to crime in Bosnia and Herzegovina.

    MIL OSI Europe News –

  • MIL-OSI: Marquette National Corporation Declares a Dividend of $0.28 per Share

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 21, 2024 (GLOBE NEWSWIRE) — Marquette National Corporation (OTCQX: MNAT) today announced that its Board of Directors declared a cash dividend of $0.28 per share. The dividend will be payable on January 2, 2025 to shareholders of record on December 20, 2024. As of September 30, 2024, Marquette National Corporation had 4,372,352 shares issued and outstanding.  

    Marquette National Corporation is a diversified bank holding company with total assets of approximately $2.20 billion. The Company’s banking subsidiary, Marquette Bank, is a full-service, community bank that serves the financial needs of communities in Chicagoland, offering an extensive line of financial solutions, including retail banking, real estate lending, trust, insurance, investments, wealth management and business banking to consumers and commercial customers. Marquette Bank has 20 branches located in: Chicago, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New Lenox, Oak Forest, Oak Lawn, Orland Park, Summit and Tinley Park, Illinois. For more information visit: https://emarquettebank.com.

    Special Note Concerning Forward-Looking Statements
    This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,” “should” or other similar expressions. A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, among others, the following: (i) the strength of the local, state, national and international economies(including the effects of inflationary pressures and supply chain constraints); (ii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics, acts of war or other threats thereof (including the ongoing Israeli-Palestinian conflict and the Russian invasion of Ukraine), or other adverse external events that could cause economic deterioration or instability in credit markets, and the response of the local, state and national governments to any such adverse external events; (iii) changes in accounting policies and practices, as may be adopted by state and federal regulatory agencies, the Financial Accounting Standards Board or the Public Company Accounting Oversight Board; (iv) changes in local, state and federal laws, regulations and governmental policies concerning the Company’s general business as a result of the upcoming 2024 presidential election or any changes in response to failures of other banks; (v) changes in interest rates and prepayment rates of the Company’s assets (including the impact of the significant rate increases by the Federal Reserve since 2022); (vi) increased competition in the financial services sector (including from non-bank competitors such as credit unions and “fintech” companies) and the inability to attract new customers; (vii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (viii) the loss of key executives or employees; (ix) changes in consumer spending; (x) unexpected outcomes of existing or new litigation involving the Company; (xi) the economic impact of exceptional weather occurrences such as tornadoes, floods and blizzards; (xii) fluctuations in the value of securities held in our securities portfolio; (xiii) concentrations within our loan portfolio, large loans to certain borrowers, and large deposits from certain clients; (xiv) the concentration of large deposits from certain clients who have balances above current Federal Deposit Insurance Corporation insurance limits and may withdraw deposits to diversity their exposure; (xv) the level of non-performing assets on our balance sheets; (xvi) interruptions involving our information technology and communications systems or third-party servicers; (xvii) breaches or failures of our information security controls or cybersecurity-related incidents, and (xviii) the ability of the Company to manage the risks associated with the foregoing as well as anticipated.. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.

    For more information:
    Patrick Hunt
    EVP & CFO
    708-364-9019
    phunt@emarquettebank.com

    The MIL Network –

  • MIL-OSI: HBT Financial, Inc. Announces Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Third Quarter Highlights

    • Net income of $18.2 million, or $0.57 per diluted share; return on average assets (“ROAA”) of 1.44%; return on average stockholders’ equity (“ROAE”) of 13.81%; and return on average tangible common equity (“ROATCE”)(1) of 16.25%
    • Adjusted net income(1) of $19.2 million; or $0.61 per diluted share; adjusted ROAA(1) of 1.53%; adjusted ROAE(1) of 14.62%; and adjusted ROATCE(1) of 17.20%
    • Asset quality remained strong with nonperforming assets to total assets of 0.17% and net charge-offs to average loans of 0.07%, on an annualized basis
    • Net interest margin and net interest margin (tax-equivalent basis)(1) expanded to 3.98% and 4.03%, respectively

    BLOOMINGTON, Ill., Oct. 21, 2024 (GLOBE NEWSWIRE) — HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT Financial” or “HBT”), the holding company for Heartland Bank and Trust Company, today reported net income of $18.2 million, or $0.57 diluted earnings per share, for the third quarter of 2024. This compares to net income of $18.1 million, or $0.57 diluted earnings per share, for the second quarter of 2024, and net income of $19.7 million, or $0.62 diluted earnings per share, for the third quarter of 2023.

    J. Lance Carter, President and Chief Executive Officer of HBT Financial, said, “In the third quarter, we continued our consistently solid financial performance with net income of $18.2 million, adjusted net income(1) of $19.2 million, adjusted ROAA(1) of 1.53% and adjusted ROATCE(1) of 17.20%. We have also seen tangible equity continue to build, with tangible book value per share increasing 23.3% over the last year. Our net interest margin (tax-equivalent basis)(1) increased 3 basis points to 4.03% while funding costs remained modest, increasing 5 basis points to 1.47%. Our asset quality remains strong with net charge-offs at 0.07% of average loans on an annualized basis during the quarter and nonperforming assets to total assets at 0.17%. We have not seen any significant signs of stress in our loan portfolio, but we continue to monitor the portfolio closely. Noninterest income remained consistent and noninterest expense of $31.3 million was up only 2.1% when compared to the third quarter of 2023, as we remain focused on operational efficiency while continuing to invest in our business. Lastly, all capital ratios had solid increases and can support future organic growth or acquisitions.”
    ____________________________________
    (1)   See “Reconciliation of Non-GAAP Financial Measures” below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.

    Adjusted Net Income

    In addition to reporting GAAP results, the Company believes non-GAAP measures such as adjusted net income and adjusted earnings per share, which adjust for acquisition expenses, branch closure expenses, gains (losses) on closed branch premises, net earnings (losses) from closed or sold operations, charges related to termination of certain employee benefit plans, realized gains (losses) on sales of securities, and mortgage servicing rights fair value adjustments, provide investors with additional insight into its operational performance. The Company reported adjusted net income of $19.2 million, or $0.61 adjusted diluted earnings per share, for the third quarter of 2024. This compares to adjusted net income of $18.1 million, or $0.57 adjusted diluted earnings per share, for the second quarter of 2024, and adjusted net income of $20.3 million, or $0.63 adjusted diluted earnings per share, for the third quarter of 2023 (see “Reconciliation of Non-GAAP Financial Measures” tables below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures).

    Net Interest Income and Net Interest Margin

    Net interest income for the third quarter of 2024 was $47.7 million, an increase of 1.5% from $47.0 million for the second quarter of 2024. The increase was primarily attributable to improved loan yields which were mostly offset by an increase in funding costs.

    Relative to the third quarter of 2023, net interest income decreased 1.1% from $48.3 million. The decrease was primarily attributable to higher funding costs which were partially offset by higher asset yields and an increase in interest-earning assets.

    Net interest margin for the third quarter of 2024 was 3.98%, compared to 3.95% for the second quarter of 2024, and net interest margin (tax-equivalent basis)(1) for the third quarter of 2024 was 4.03%, compared to 4.00% for the second quarter of 2024. Higher yields on interest-earning assets, which increased by 7 basis points to 5.35%, were mostly offset by an increase in funding costs, with the cost of funds increasing by 5 basis points to 1.47%.

    Relative to the third quarter of 2023, net interest margin decreased 9 basis points from 4.07% and net interest margin (tax-equivalent basis)(1) decreased 10 basis points from 4.13%. These decreases were primarily attributable to increases in funding costs outpacing increases in interest-earning asset yields.
    ____________________________________
    (1)   See “Reconciliation of Non-GAAP Financial Measures” below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.

    Noninterest Income

    Noninterest income for the third quarter of 2024 was $8.7 million, a decrease from $9.6 million for the second quarter of 2024. The decrease was primarily attributable to changes in the mortgage servicing rights (“MSR”) fair value adjustment, with a $1.5 million negative MSR fair value adjustment included in the third quarter 2024 results compared to a $0.1 million negative MSR fair value adjustment included in the second quarter 2024 results. Partially offsetting the MSR fair value adjustment was a $0.2 million increase in service charge income and a $0.2 million increase in other noninterest income, primarily attributable to swap fee income.

    Relative to the third quarter of 2023, noninterest income decreased 8.3% from $9.5 million. The decrease was primarily attributable to the $1.5 million negative MSR fair value adjustment included in the third quarter 2024 results, partially offset by the absence of $0.8 million in realized losses on the sale of securities included in the third quarter 2023 results.

    Noninterest Expense

    Noninterest expense for the third quarter of 2024 was $31.3 million, a 2.7% increase from $30.5 million for the second quarter of 2024. The increase was primarily attributable to a $0.5 million increase in occupancy expense, driven in part by a seasonal increase in planned building maintenance expenses, and a $0.4 million increase in marketing and customer relations expense.

    Relative to the third quarter of 2023, noninterest expense increased 2.1% from $30.7 million. The increase was primarily attributable to a $0.7 million increase in salaries and a $0.4 million increase in employee benefits. Partially offsetting these increases was a $0.3 million decrease in marketing and customer relations expense.

    On February 1, 2023, HBT Financial completed its acquisition of Town and Country Financial Corporation (“Town and Country”) with the core system conversion successfully completed in April 2023. Acquisition-related expenses recognized during the nine months ended September 30, 2023 are summarized below. No Town and Country acquisition-related expenses were recognized subsequent to the second quarter of 2023.

    (dollars in thousands)     Nine Months Ended
    September 30, 2023    		  
         
    PROVISION FOR CREDIT LOSSES   $ 5,924  
    NONINTEREST EXPENSE    
    Salaries     3,584  
    Furniture and equipment     39  
    Data processing     2,031  
    Marketing and customer relations     24  
    Loan collection and servicing     125  
    Legal fees and other noninterest expense     1,964  
    Total noninterest expense     7,767  
    Total acquisition-related expenses   $ 13,691  
     

    Loan Portfolio

    Total loans outstanding, before allowance for credit losses, were $3.37 billion at September 30, 2024, compared with $3.39 billion at June 30, 2024, and $3.34 billion at September 30, 2023. The $15.7 million decrease from June 30, 2024 was primarily attributable to several larger commercial real estate loan payoffs due to the sale of the property and a couple of larger one-to-four family residential loan payoffs. These decreases were partially offset by increased line usage and term originations in our agricultural and farmland portfolio.

    Deposits

    Total deposits were $4.28 billion at September 30, 2024, compared with $4.32 billion at June 30, 2024, and $4.20 billion at September 30, 2023. The $38.0 million decrease from June 30, 2024 was primarily attributable to lower balances maintained in retail accounts and a $18.3 million decrease in escrow balances related to seasonal tax payments, partially offset by increases in public funds and business accounts. Additionally, we continue to see a shift towards higher cost deposit products, with decreases in noninterest-bearing deposits, interest-bearing demand, and savings balances being partially offset by an increase in money market and time deposit balances.

    Asset Quality

    Nonperforming loans totaled $8.2 million, or 0.24% of total loans, at September 30, 2024, compared with $8.4 million, or 0.25% of total loans, at June 30, 2024, and $6.7 million, or 0.20% of total loans, at September 30, 2023. Additionally, of the $8.2 million of nonperforming loans held as of September 30, 2024, $2.0 million is either wholly or partially guaranteed by the U.S. government. The $0.2 million decrease in nonperforming loans from June 30, 2024 was primarily attributable to the payoff of $0.1 million in nonaccrual agricultural and farmland loans.

    The Company recorded a provision for credit losses of $0.6 million for the third quarter of 2024. The provision for credit losses primarily reflects a $1.2 million increase in required reserves resulting from changes in economic forecasts; a $0.2 million increase in required reserves resulting from qualitative factor changes; a $0.6 million decrease in required reserves driven by decreased loan balances and changes within the loan portfolio; and a $0.2 million decrease in specific reserves.

    The Company had net charge-offs of $0.6 million, or 0.07% of average loans on an annualized basis, for the third quarter of 2024, compared to net charge-offs of $0.7 million, or 0.08% of average loans on an annualized basis, for the second quarter of 2024, and net recoveries of $0.1 million, or 0.01% of average loans on an annualized basis, for the third quarter of 2023. During the third quarter of 2024, net charge-offs were primarily recognized in the commercial and industrial category which had $0.7 million of net charge-offs.

    The Company’s allowance for credit losses was 1.22% of total loans and 499% of nonperforming loans at September 30, 2024, compared with 1.21% of total loans and 484% of nonperforming loans at June 30, 2024. In addition, the allowance for credit losses on unfunded lending-related commitments totaled $4.1 million as of September 30, 2024, compared with $4.3 million as of June 30, 2024.

    Capital

    As of September 30, 2024, the Company exceeded all regulatory capital requirements under Basel III as summarized in the following table:

        September 30, 2024   For Capital
    Adequacy Purposes
    With Capital
    Conservation Buffer
             
    Total capital to risk-weighted assets   16.54 %   10.50 %
    Tier 1 capital to risk-weighted assets   14.48     8.50  
    Common equity tier 1 capital ratio   13.15     7.00  
    Tier 1 leverage ratio   11.16     4.00  
                 

    The ratio of tangible common equity to tangible assets(1) increased to 9.35% as of September 30, 2024, from 8.74% as of June 30, 2024, and tangible book value per share(1) increased by $0.91 to $14.55 as of September 30, 2024, when compared to June 30, 2024.

    During the third quarter of 2024, the Company did not repurchase shares of its common stock under its stock repurchase program. The Company’s Board of Directors has authorized the repurchase of up to $15 million of HBT Financial common stock under its stock repurchase program, which is in effect until January 1, 2025. As of September 30, 2024, the Company had $10.6 million remaining under the stock repurchase program.
    ____________________________________
    (1)   See “Reconciliation of Non-GAAP Financial Measures” below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.

    About HBT Financial, Inc.

    HBT Financial, Inc., headquartered in Bloomington, Illinois, is the holding company for Heartland Bank and Trust Company, and has banking roots that can be traced back to 1920. HBT Financial provides a comprehensive suite of financial products and services to consumers, businesses, and municipal entities throughout Illinois and eastern Iowa through 66 full-service branches. As of September 30, 2024, HBT Financial had total assets of $5.0 billion, total loans of $3.4 billion, and total deposits of $4.3 billion.

    Non-GAAP Financial Measures

    Some of the financial measures included in this press release are not measures of financial performance recognized in accordance with GAAP. These non-GAAP financial measures include net interest income (tax-equivalent basis), net interest margin (tax-equivalent basis), efficiency ratio (tax-equivalent basis), ratio of tangible common equity to tangible assets, tangible book value per share, ROATCE, adjusted net income, adjusted earnings per share, adjusted ROAA, adjusted ROAE, and adjusted ROATCE. Our management uses these non-GAAP financial measures, together with the related GAAP financial measures, in its analysis of our performance and in making business decisions. Management believes that it is a standard practice in the banking industry to present these non-GAAP financial measures, and accordingly believes that providing these measures may be useful for peer comparison purposes. These disclosures should not be viewed as substitutes for the results determined to be in accordance with GAAP; nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures in the “Reconciliation of Non-GAAP Financial Measures” tables.

    Forward-Looking Statements

    Readers should note that in addition to the historical information contained herein, this press release contains, and future oral and written statements of the Company and its management may contain, “forward-looking statements” within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “will,” “propose,” “may,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “continue,” or “should,” or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

    Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to: (i) the strength of the local, state, national and international economies (including effects of inflationary pressures and supply chain constraints); (ii) the economic impact of any future terrorist threats and attacks, widespread disease or pandemics, acts of war or other threats thereof (including the Israeli-Palestinian conflict and the Russian invasion of Ukraine), or other adverse external events that could cause economic deterioration or instability in credit markets, and the response of the local, state and national governments to any such adverse external events; (iii) changes in accounting policies and practices, as may be adopted by state and federal regulatory agencies, the Financial Accounting Standards Board or the Public Company Accounting Oversight Board; (iv) changes in state and federal laws, regulations and governmental policies concerning the Company’s general business and any changes in response to the recent failures of other banks or as a result of the upcoming 2024 presidential election; (v) changes in interest rates and prepayment rates of the Company’s assets; (vi) increased competition in the financial services sector, including from non-bank competitors such as credit unions and “fintech” companies, and the inability to attract new customers; (vii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (viii) unexpected results of acquisitions, which may include failure to realize the anticipated benefits of acquisitions and the possibility that transaction costs may be greater than anticipated; (ix) the loss of key executives or employees; (x) changes in consumer spending; (xi) unexpected outcomes of existing or new litigation involving the Company; (xii) the economic impact of exceptional weather occurrences such as tornadoes, floods and blizzards; (xiii) fluctuations in the value of securities held in our securities portfolio; (xiv) concentrations within our loan portfolio (including commercial real estate loans), large loans to certain borrowers, and large deposits from certain clients; (xv) the concentration of large deposits from certain clients who have balances above current FDIC insurance limits and may withdraw deposits to diversify their exposure; (xvi) the level of non-performing assets on our balance sheets; (xvii) interruptions involving our information technology and communications systems or third-party servicers; (xviii) breaches or failures of our information security controls or cybersecurity-related incidents, and (xix) the ability of the Company to manage the risks associated with the foregoing as well as anticipated. Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s filings with the Securities and Exchange Commission.

    CONTACT:
    Peter Chapman
    HBTIR@hbtbank.com
    (309) 664-4556

    HBT Financial, Inc.
    Unaudited Consolidated Financial Summary
     
        As of or for the Three Months Ended   Nine Months Ended September 30,
    (dollars in thousands, except per share data)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		     2024       2023  
    Interest and dividend income   $ 64,117     $ 62,824     $ 59,041     $ 188,902     $ 167,588  
    Interest expense     16,384       15,796       10,762       47,453       23,600  
    Net interest income     47,733       47,028       48,279       141,449       143,988  
    Provision for credit losses     603       1,176       480       2,306       6,460  
    Net interest income after provision for credit losses     47,130       45,852       47,799       139,143       137,528  
    Noninterest income     8,705       9,610       9,490       23,941       26,841  
    Noninterest expense     31,322       30,509       30,671       93,099       100,577  
    Income before income tax expense     24,513       24,953       26,618       69,985       63,792  
    Income tax expense     6,333       6,883       6,903       18,477       16,396  
    Net income   $ 18,180     $ 18,070     $ 19,715     $ 51,508     $ 47,396  
                         
    Earnings per share – Diluted   $ 0.57     $ 0.57     $ 0.62     $ 1.62     $ 1.49  
                         
    Adjusted net income (1)   $ 19,244     $ 18,139     $ 20,279     $ 55,456     $ 58,910  
    Adjusted earnings per share – Diluted (1)     0.61       0.57       0.63       1.75       1.86  
                         
    Book value per share   $ 17.04     $ 16.14     $ 14.36          
    Tangible book value per share (1)     14.55       13.64       11.80          
                         
    Shares of common stock outstanding     31,559,366       31,559,366       31,774,140          
    Weighted average shares of common stock outstanding     31,559,366       31,579,457       31,829,250       31,600,442       31,598,650  
                         
    SUMMARY RATIOS                    
    Net interest margin *     3.98 %     3.95 %     4.07 %     3.96 %     4.14 %
    Net interest margin (tax-equivalent basis) * (1)(2)     4.03       4.00       4.13       4.01       4.20  
                         
    Efficiency ratio     54.24 %     52.61 %     51.85 %     55.00 %     57.73 %
    Efficiency ratio (tax-equivalent basis) (1)(2)     53.71       52.10       51.25       54.45       57.04  
                         
    Loan to deposit ratio     78.72 %     78.39 %     79.63 %        
                         
    Return on average assets *     1.44 %     1.45 %     1.58 %     1.37 %     1.29 %
    Return on average stockholders’ equity *     13.81       14.48       17.02       13.58       14.22  
    Return on average tangible common equity * (1)     16.25       17.21       20.70       16.11       17.17  
                         
    Adjusted return on average assets * (1)     1.53 %     1.45 %     1.62 %     1.48 %     1.61 %
    Adjusted return on average stockholders’ equity * (1)     14.62       14.54       17.51       14.62       17.68  
    Adjusted return on average tangible common equity * (1)     17.20       17.27       21.29       17.34       21.34  
                         
    CAPITAL                    
    Total capital to risk-weighted assets     16.54 %     16.01 %     15.09 %        
    Tier 1 capital to risk-weighted assets     14.48       13.98       13.18          
    Common equity tier 1 capital ratio     13.15       12.66       11.88          
    Tier 1 leverage ratio     11.16       10.83       10.34          
    Total stockholders’ equity to total assets     10.77       10.18       9.14          
    Tangible common equity to tangible assets (1)     9.35       8.74       7.64          
                         
    ASSET QUALITY                    
    Net charge-offs (recoveries) to average loans *     0.07 %     0.08 %     (0.01) %     0.04 %     (0.01) %
    Allowance for credit losses to loans, before allowance for credit losses     1.22       1.21       1.16          
    Nonperforming loans to loans, before allowance for credit losses     0.24       0.25       0.20          
    Nonperforming assets to total assets     0.17       0.17       0.16          
                                             
    *   Annualized measure.
    (1)   See “Reconciliation of Non-GAAP Financial Measures” below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.
    (2)   On a tax-equivalent basis assuming a federal income tax rate of 21% and a state tax rate of 9.5%.
     
    HBT Financial, Inc.
    Unaudited Consolidated Financial Summary
    Consolidated Statements of Income
     
      Three Months Ended   Nine Months Ended September 30,
    (dollars in thousands, except per share data) September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		     2024       2023  
    INTEREST AND DIVIDEND INCOME                  
    Loans, including fees:                  
    Taxable $ 53,650     $ 52,177     $ 49, 640     $ 157,753     $ 138,948  
    Federally tax exempt   1,133       1,097       1,072       3,324       3,064  
    Debt Securities:                  
    Taxable   6,453       6,315       6,402       18,972       19,460  
    Federally tax exempt   502       521       978       1,620       3,337  
    Interest-bearing deposits in bank   2,230       2,570       714       6,752       2,234  
    Other interest and dividend income   149       144       235       481       545  
    Total interest and dividend income   64,117       62,824       59,041       188,902       167,588  
    INTEREST EXPENSE                  
    Deposits   14,649       14,133       7,211       42,375       13,908  
    Securities sold under agreements to repurchase   134       129       35       415       107  
    Borrowings   119       121       2,108       365       5,594  
    Subordinated notes   470       469       470       1,409       1,409  
    Junior subordinated debentures issued to capital trusts   1,012       944       938       2,889       2,582  
    Total interest expense   16,384       15,796       10,762       47,453       23,600  
    Net interest income   47,733       47,028       48,279       141,449       143,988  
    PROVISION FOR CREDIT LOSSES   603       1,176       480       2,306       6,460  
    Net interest income after provision for credit losses   47,130       45,852       47,799       139,143       137,528  
    NONINTEREST INCOME                  
    Card income   2,753       2,885       2,763       8,254       8,326  
    Wealth management fees   2,670       2,623       2,381       7,840       6,998  
    Service charges on deposit accounts   2,081       1,902       2,040       5,852       5,830  
    Mortgage servicing   1,113       1,111       1,169       3,279       3,522  
    Mortgage servicing rights fair value adjustment   (1,488 )     (97 )     23       (1,505 )     (460 )
    Gains on sale of mortgage loans   461       443       476       1,202       1,125  
    Realized gains (losses) on sales of securities   —       —       (813 )     (3,382 )     (1,820 )
    Unrealized gains (losses) on equity securities   136       (96 )     (46 )     24       (61 )
    Gains (losses) on foreclosed assets   (44 )     (28 )     550       15       443  
    Gains (losses) on other assets   (2 )     —       52       (637 )     161  
    Income on bank owned life insurance   170       166       153       500       415  
    Other noninterest income   855       701       742       2,499       2,362  
    Total noninterest income   8,705       9,610       9,490       23,941       26,841  
    NONINTEREST EXPENSE                  
    Salaries   16,325       16,364       15,644       49,346       51,715  
    Employee benefits   2,997       2,860       2,616       8,662       7,658  
    Occupancy of bank premises   2,695       2,243       2,573       7,520       7,460  
    Furniture and equipment   446       548       667       1,544       2,135  
    Data processing   2,640       2,606       2,581       8,171       9,787  
    Marketing and customer relations   1,380       996       1,679       3,372       3,874  
    Amortization of intangible assets   710       710       720       2,130       1,950  
    FDIC insurance   572       565       512       1,697       1,705  
    Loan collection and servicing   476       475       345       1,403       971  
    Foreclosed assets   19       10       76       78       234  
    Other noninterest expense   3,062       3,132       3,258       9,176       13,088  
    Total noninterest expense   31,322       30,509       30,671       93,099       100,577  
    INCOME BEFORE INCOME TAX EXPENSE   24,513       24,953       26,618       69,985       63,792  
    INCOME TAX EXPENSE   6,333       6,883       6,903       18,477       16,396  
    NET INCOME $ 18,180     $ 18,070     $ 19,715     $ 51,508     $ 47,396  
                       
    EARNINGS PER SHARE – BASIC $ 0.58     $ 0.57     $ 0.62     $ 1.63     $ 1.50  
    EARNINGS PER SHARE – DILUTED $ 0.57     $ 0.57     $ 0.62     $ 1.62     $ 1.49  
    WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING   31,559,366       31,579,457       31,829,250       31,600,442       31,598,650  
     
    HBT Financial, Inc.
    Unaudited Consolidated Financial Summary
    Consolidated Balance Sheets
     
    (dollars in thousands) September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023
    ASSETS          
    Cash and due from banks $ 26,776     $ 22,604     $ 24,757  
    Interest-bearing deposits with banks   152,895       172,636       87,156  
    Cash and cash equivalents   179,671       195,240       111,913  
               
    Interest-bearing time deposits with banks   —       520       500  
    Debt securities available-for-sale, at fair value   710,303       669,055       753,163  
    Debt securities held-to-maturity   505,075       512,549       527,144  
    Equity securities with readily determinable fair value   3,364       3,228       3,106  
    Equity securities with no readily determinable fair value   2,638       2,613       2,300  
    Restricted stock, at cost   5,086       5,086       11,165  
    Loans held for sale   2,959       858       3,563  
               
    Loans, before allowance for credit losses   3,369,830       3,385,483       3,342,786  
    Allowance for credit losses   (40,966 )     (40,806 )     (38,863 )
    Loans, net of allowance for credit losses   3,328,864       3,344,677       3,303,923  
               
    Bank owned life insurance   24,405       24,235       23,747  
    Bank premises and equipment, net   65,919       65,711       64,713  
    Bank premises held for sale   317       317       35  
    Foreclosed assets   376       320       1,519  
    Goodwill   59,820       59,820       59,820  
    Intangible assets, net   18,552       19,262       21,402  
    Mortgage servicing rights, at fair value   17,496       18,984       20,156  
    Investments in unconsolidated subsidiaries   1,614       1,614       1,614  
    Accrued interest receivable   24,160       22,425       23,447  
    Other assets   40,109       59,685       58,538  
    Total assets $ 4,990,728     $ 5,006,199     $ 4,991,768  
               
    LIABILITIES AND STOCKHOLDERS’ EQUITY          
    Liabilities          
    Deposits:          
    Noninterest-bearing $ 1,008,359     $ 1,045,697     $ 1,086,877  
    Interest-bearing   3,272,341       3,272,996       3,111,191  
    Total deposits   4,280,700       4,318,693       4,198,068  
               
    Securities sold under agreements to repurchase   29,029       29,330       28,900  
    Federal Home Loan Bank advances   13,435       13,734       177,650  
    Subordinated notes   39,533       39,514       39,454  
    Junior subordinated debentures issued to capital trusts   52,834       52,819       52,774  
    Other liabilities   37,535       42,640       38,671  
    Total liabilities   4,453,066       4,496,730       4,535,517  
               
    Stockholders’ Equity          
    Common stock   328       328       327  
    Surplus   296,810       296,430       295,483  
    Retained earnings   302,532       290,386       256,050  
    Accumulated other comprehensive income (loss)   (38,989 )     (54,656 )     (78,432 )
    Treasury stock at cost   (23,019 )     (23,019 )     (17,177 )
    Total stockholders’ equity   537,662       509,469       456,251  
    Total liabilities and stockholders’ equity $ 4,990,728     $ 5,006,199     $ 4,991,768  
    SHARES OF COMMON STOCK OUTSTANDING   31,559,366       31,559,366       31,774,140  
     
    HBT Financial, Inc.
    Unaudited Consolidated Financial Summary
     
    (dollars in thousands) September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023
               
    LOANS          
    Commercial and industrial $ 395,598   $ 400,276   $ 386,933  
    Commercial real estate – owner occupied   288,838     289,992     297,242  
    Commercial real estate – non-owner occupied   889,188     889,193     901,929  
    Construction and land development   359,151     365,371     371,158  
    Multi-family   432,712     429,951     388,742  
    One-to-four family residential   472,040     484,335     488,655  
    Agricultural and farmland   297,102     285,822     275,239  
    Municipal, consumer, and other   235,201     240,543     232,888  
    Total loans $ 3,369,830   $ 3,385,483   $ 3,342,786  
     
    (dollars in thousands) September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023
               
    DEPOSITS          
    Noninterest-bearing deposits $ 1,008,359   $ 1,045,697   $ 1,086,877  
    Interest-bearing deposits:          
    Interest-bearing demand   1,076,445     1,094,797     1,134,721  
    Money market   795,150     769,386     673,780  
    Savings   566,783     582,752     623,083  
    Time   803,964     796,069     564,634  
    Brokered   29,999     29,992     114,973  
    Total interest-bearing deposits   3,272,341     3,272,996     3,111,191  
    Total deposits $ 4,280,700   $ 4,318,693   $ 4,198,068  
     
    HBT Financial, Inc.
    Unaudited Consolidated Financial Summary
     
      Three Months Ended
      September 30, 2024   June 30, 2024   September 30, 2023
    (dollars in thousands) Average Balance   Interest   Yield/Cost *   Average Balance   Interest   Yield/Cost *   Average Balance   Interest   Yield/Cost *
                                       
    ASSETS                                  
    Loans $ 3,379,299     $ 54,783   6.45 %   $ 3,374,058     $ 53,274   6.35 %   $ 3,296,703     $ 50,712   6.10 %
    Debt Securities   1,191,642       6,955   2.32       1,187,795       6,836   2.31       1,317,603       7,380   2.22  
    Deposits with banks   185,870       2,230   4.77       211,117       2,570   4.90       77,595       714   3.65  
    Other   12,660       149   4.68       12,588       144   4.60       16,430       235   5.68  
    Total interest-earning assets   4,769,471     $ 64,117   5.35 %     4,785,558     $ 62,824   5.28 %     4,708,331     $ 59,041   4.97 %
    Allowance for credit losses   (40,780 )             (40,814 )             (38,317 )        
    Noninterest-earning assets   278,030               283,103               294,818          
    Total assets $ 5,006,721             $ 5,027,847             $ 4,964,832          
                                       
    LIABILITIES AND STOCKHOLDERS’ EQUITY                                  
    Liabilities                                  
    Interest-bearing deposits:                                  
    Interest-bearing demand $ 1,085,609     $ 1,408   0.52 %   $ 1,123,592     $ 1,429   0.51 %   $ 1,160,654     $ 761   0.26 %
    Money market   800,651       4,726   2.35       788,744       4,670   2.38       682,772       2,026   1.18  
    Savings   573,077       396   0.27       592,312       393   0.27       639,384       249   0.15  
    Time   804,379       7,702   3.81       763,507       7,117   3.75       519,683       3,275   2.50  
    Brokered   29,996       417   5.54       38,213       524   5.51       66,776       900   5.34  
    Total interest-bearing deposits   3,293,712       14,649   1.77       3,306,368       14,133   1.72       3,069,269       7,211   0.93  
    Securities sold under agreements to repurchase   29,426       134   1.80       30,440       129   1.70       33,807       35   0.41  
    Borrowings   13,691       119   3.47       13,466       121   3.60       157,908       2,108   5.30  
    Subordinated notes   39,524       470   4.73       39,504       469   4.78       39,444       470   4.72  
    Junior subordinated debentures issued to capital trusts   52,827       1,012   7.63       52,812       944   7.18       52,767       938   7.05  
    Total interest-bearing liabilities   3,429,180     $ 16,384   1.90 %     3,442,590     $ 15,796   1.85 %     3,353,195     $ 10,762   1.27 %
    Noninterest-bearing deposits   1,013,893               1,043,614               1,105,472          
    Noninterest-bearing liabilities   39,903               39,806               46,564          
    Total liabilities   4,482,976               4,526,010               4,505,231          
    Stockholders’ Equity   523,745               501,837               459,601          
    Total liabilities and stockholders’ equity $ 5,006,721             $ 5,027,847             $ 4,964,832          
                                       
    Net interest income/Net interest margin (1)     $ 47,733   3.98 %       $ 47,028   3.95 %       $ 48,279   4.07 %
    Tax-equivalent adjustment (2)       552   0.05           553   0.05           675   0.06  
    Net interest income (tax-equivalent basis)/
    Net interest margin (tax-equivalent basis) (2) (3)    		     $ 48,285   4.03 %       $ 47,581   4.00 %       $ 48,954   4.13 %
    Net interest rate spread (4)         3.45 %           3.43 %           3.70 %
    Net interest-earning assets (5) $ 1,340,291             $ 1,342,968             $ 1,355,136          
    Ratio of interest-earning assets to interest-bearing liabilities   1.39               1.39               1.40          
    Cost of total deposits         1.35 %           1.31 %           0.69 %
    Cost of funds         1.47             1.42             0.96  
                                                               
    *   Annualized measure.
    (1)   Net interest margin represents net interest income divided by average total interest-earning assets.
    (2)   On a tax-equivalent basis assuming a federal income tax rate of 21% and a state income tax rate of 9.5%.
    (3)   See “Reconciliation of Non-GAAP Financial Measures” below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.
    (4)   Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities.
    (5)   Net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities.
     
    HBT Financial, Inc.
    Unaudited Consolidated Financial Summary
     
      Nine Months Ended
      September 30, 2024   September 30, 2023
    (dollars in thousands) Average Balance   Interest   Yield/Cost *   Average Balance   Interest   Yield/Cost *
                           
    ASSETS                      
    Loans $ 3,374,875     $ 161,077   6.38 %   $ 3,183,641     $ 142,012   5.96 %
    Debt Securities   1,197,772       20,592   2.30       1,366,298       22,797   2.23  
    Deposits with banks   188,087       6,752   4.80       84,720       2,234   3.53  
    Other   12,744       481   5.04       15,334       545   4.75  
    Total interest-earning assets   4,773,478     $ 188,902   5.29 %     4,649,993     $ 167,588   4.82 %
    Allowance for credit losses   (40,611 )             (37,053 )        
    Noninterest-earning assets   279,789               289,843          
    Total assets $ 5,012,656             $ 4,902,783          
                           
    LIABILITIES AND STOCKHOLDERS’ EQUITY                      
    Liabilities                      
    Interest-bearing deposits:                      
    Interest-bearing demand $ 1,112,198     $ 4,148   0.50 %   $ 1,204,937     $ 1,902   0.21 %
    Money market   800,693       14,193   2.37       664,036       4,467   0.90  
    Savings   592,134       1,232   0.28       678,495       616   0.12  
    Time   744,349       20,744   3.72       441,760       6,011   1.82  
    Brokered   50,046       2,058   5.49       22,987       912   5.30  
    Total interest-bearing deposits   3,299,420       42,375   1.72       3,012,215       13,908   0.62  
    Securities sold under agreements to repurchase   30,769       415   1.80       35,844       107   0.40  
    Borrowings   13,387       365   3.64       148,443       5,594   5.04  
    Subordinated notes   39,504       1,409   4.76       39,424       1,409   4.78  
    Junior subordinated debentures issued to capital trusts   52,812       2,889   7.31       51,054       2,582   6.76  
    Total interest-bearing liabilities   3,435,892     $ 47,453   1.84 %     3,286,980     $ 23,600   0.96 %
    Noninterest-bearing deposits   1,031,239               1,123,917          
    Noninterest-bearing liabilities   38,943               46,310          
    Total liabilities   4,506,074               4,457,207          
    Stockholders’ Equity   506,582               445,576          
    Total liabilities and stockholders’ equity $ 5,012,656               4,902,783          
                           
    Net interest income/Net interest margin (1)     $ 141,449   3.96 %       $ 143,988   4.14 %
    Tax-equivalent adjustment (2)       1,680   0.05           2,092   0.06  
    Net interest income (tax-equivalent basis)/
    Net interest margin (tax-equivalent basis) (2) (3)    		     $ 143,129   4.01 %       $ 146,080   4.20 %
    Net interest rate spread (4)         3.45 %           3.86 %
    Net interest-earning assets (5) $ 1,337,586             $ 1,363,013          
    Ratio of interest-earning assets to interest-bearing liabilities   1.39               1.41          
    Cost of total deposits         1.31 %           0.45 %
    Cost of funds         1.42             0.72  
                               
    *   Annualized measure.
    (1)   Net interest margin represents net interest income divided by average total interest-earning assets.
    (2)   On a tax-equivalent basis assuming a federal income tax rate of 21% and a state income tax rate of 9.5%.
    (3)   See “Reconciliation of Non-GAAP Financial Measures” below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.
    (4)   Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities.
    (5)   Net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities.
     
    HBT Financial, Inc.
    Unaudited Consolidated Financial Summary
     
    (dollars in thousands) September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023
               
    NONPERFORMING ASSETS          
    Nonaccrual $ 8,200     $ 8,425     $ 6,678  
    Past due 90 days or more, still accruing   5       7       —  
    Total nonperforming loans   8,205       8,432       6,678  
    Foreclosed assets   376       320       1,519  
    Total nonperforming assets $ 8,581     $ 8,752     $ 8,197  
               
    Nonperforming loans that are wholly or partially guaranteed by the U.S. Government $ 2,046     $ 2,132     $ 1,968  
               
    Allowance for credit losses $ 40,966     $ 40,806     $ 38,863  
    Loans, before allowance for credit losses   3,369,830       3,385,483       3,342,786  
               
    CREDIT QUALITY RATIOS          
    Allowance for credit losses to loans, before allowance for credit losses   1.22 %     1.21 %     1.16 %
    Allowance for credit losses to nonaccrual loans   499.59       484.34       581.96  
    Allowance for credit losses to nonperforming loans   499.28       483.94       581.96  
    Nonaccrual loans to loans, before allowance for credit losses   0.24       0.25       0.20  
    Nonperforming loans to loans, before allowance for credit losses   0.24       0.25       0.20  
    Nonperforming assets to total assets   0.17       0.17       0.16  
    Nonperforming assets to loans, before allowance for credit losses, and foreclosed assets   0.25       0.26       0.25  
                           
    HBT Financial, Inc.
    Unaudited Consolidated Financial Summary
     
      Three Months Ended   Nine Months Ended
    September 30,
    (dollars in thousands) September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		     2024       2023  
                       
    ALLOWANCE FOR CREDIT LOSSES                  
    Beginning balance $ 40,806     $ 40,815     $ 37,814     $ 40,048     $ 25,333  
    Adoption of ASC 326   —       —       —       —       6,983  
    PCD allowance established in acquisition   —       —       —       —       1,247  
    Provision for credit losses   746       677       983       1,983       5,004  
    Charge-offs   (1,101 )     (870 )     (412 )     (2,198 )     (733 )
    Recoveries   515       184       478       1,133       1,029  
    Ending balance $ 40,966     $ 40,806     $ 38,863     $ 40,966     $ 38,863  
                       
    Net charge-offs (recoveries) $ 586     $ 686     $ (66 )   $ 1,065     $ (296 )
    Average loans   3,379,299       3,374,058       3,296,703       3,374,875       3,183,641  
                       
    Net charge-offs (recoveries) to average loans *   0.07 %     0.08 %     (0.01) %     0.04 %     (0.01) %
                                   
    *   Annualized measure.                              
                                   
      Three Months Ended   Nine Months Ended
    September 30,
    (dollars in thousands) September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		     2024     2023  
                       
    PROVISION FOR CREDIT LOSSES                  
    Loans (1) $ 746     $ 677   $ 983     $ 1,983   $ 5,004  
    Unfunded lending-related commitments (1)   (143 )     499     297       323     1,456  
    Debt securities   —       —     (800 )     —     —  
    Total provision for credit losses $ 603     $ 1,176   $ 480     $ 2,306   $ 6,460  
                                       
    (1)   Includes recognition of an allowance for credit losses on non-PCD loans of $5.2 million and an allowance for credit losses on unfunded commitments of $0.7 million in connection with the Town and Country merger during the first quarter of 2023.
                                       
    Reconciliation of Non-GAAP Financial Measures –
    Adjusted Net Income and Adjusted Return on Average Assets
        Three Months Ended   Nine Months Ended
    September 30,
    (dollars in thousands)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		     2024       2023  
                         
    Net income   $ 18,180     $ 18,070     $ 19,715     $ 51,508     $ 47,396  
    Adjustments:                    
    Acquisition expenses (1)     —       —       —       —       (13,691 )
    Gains (losses) on closed branch premises     —       —       —       (635 )     75  
    Realized gains (losses) on sales of securities     —       —       (813 )     (3,382 )     (1,820 )
    Mortgage servicing rights fair value adjustment     (1,488 )     (97 )     23       (1,505 )     (460 )
    Total adjustments     (1,488 )     (97 )     (790 )     (5,522 )     (15,896 )
    Tax effect of adjustments (2)     424       28       226       1,574       4,382  
    Total adjustments after tax effect     (1,064 )     (69 )     (564 )     (3,948 )     (11,514 )
    Adjusted net income   $ 19,244     $ 18,139     $ 20,279     $ 55,456     $ 58,910  
                         
    Average assets   $ 5,006,721     $ 5,027,847     $ 4,964,832     $ 5,012,656     $ 4,902,783  
                         
    Return on average assets *     1.44 %     1.45 %     1.58 %     1.37 %     1.29 %
    Adjusted return on average assets *     1.53       1.45       1.62       1.48       1.61  
                                             
    *   Annualized measure.
    (1)   Includes recognition of an allowance for credit losses on non-PCD loans of $5.2 million and an allowance for credit losses on unfunded commitments of $0.7 million in connection with the Town and Country merger during the first quarter of 2023.
    (2)   Assumes a federal income tax rate of 21% and a state tax rate of 9.5%.
     
    Reconciliation of Non-GAAP Financial Measures –
    Adjusted Earnings Per Share — Basic and Diluted
        Three Months Ended   Nine Months Ended
    September 30,
    (dollars in thousands, except per share amounts)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		     2024     2023  
                         
    Numerator:                    
    Net income   $ 18,180   $ 18,070   $ 19,715     $ 51,508   $ 47,396  
    Earnings allocated to participating securities (1)     —     —     (10 )     —     (26 )
    Numerator for earnings per share – basic and diluted   $ 18,180   $ 18,070   $ 19,705     $ 51,508   $ 47,370  
                         
    Adjusted net income   $ 19,244   $ 18,139   $ 20,279     $ 55,456   $ 58,910  
    Earnings allocated to participating securities (1)     —     —     (10 )     —     (33 )
    Numerator for adjusted earnings per share – basic and diluted   $ 19,244   $ 18,139   $ 20,269     $ 55,456   $ 58,877  
                         
    Denominator:                    
    Weighted average common shares outstanding     31,559,366     31,579,457     31,829,250       31,600,442     31,598,650  
    Dilutive effect of outstanding restricted stock units     118,180     87,354     137,187       115,266     102,574  
    Weighted average common shares outstanding, including all dilutive potential shares     31,677,546     31,666,811     31,966,437       31,715,708     31,701,224  
                         
    Earnings per share – Basic   $ 0.58   $ 0.57   $ 0.62     $ 1.63   $ 1.50  
    Earnings per share – Diluted   $ 0.57   $ 0.57   $ 0.62     $ 1.62   $ 1.49  
                         
    Adjusted earnings per share – Basic   $ 0.61   $ 0.57   $ 0.64     $ 1.75   $ 1.86  
    Adjusted earnings per share – Diluted   $ 0.61   $ 0.57   $ 0.63     $ 1.75   $ 1.86  
                                       
    (1)    The Company previously granted restricted stock units that contain non-forfeitable rights to dividend equivalents, which were considered participating securities. Prior to 2024, these restricted stock units were included in the calculation of basic earnings per share using the two-class method. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings.
     
    Reconciliation of Non-GAAP Financial Measures –
    Net Interest Income (Tax-equivalent Basis) and Net Interest Margin (Tax-equivalent Basis)
        Three Months Ended   Nine Months Ended
    September 30,
    (dollars in thousands)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		     2024       2023  
                         
    Net interest income (tax-equivalent basis)                    
    Net interest income   $ 47,733     $ 47,028     $ 48,279     $ 141,449     $ 143,988  
    Tax-equivalent adjustment (1)     552       553       675       1,680       2,092  
    Net interest income (tax-equivalent basis) (1)   $ 48,285     $ 47,581     $ 48,954     $ 143,129     $ 146,080  
                         
    Net interest margin (tax-equivalent basis)                    
    Net interest margin *     3.98 %     3.95 %     4.07 %     3.96 %     4.14 %
    Tax-equivalent adjustment * (1)     0.05       0.05       0.06       0.05       0.06  
    Net interest margin (tax-equivalent basis) * (1)     4.03 %     4.00 %     4.13 %     4.01 %     4.20 %
                         
    Average interest-earning assets   $ 4,769,471     $ 4,785,558     $ 4,708,331     $ 4,773,478     $ 4,649,993  
                                             
    *   Annualized measure.
    (1)   On a tax-equivalent basis assuming a federal income tax rate of 21% and a state tax rate of 9.5%.
     
    Reconciliation of Non-GAAP Financial Measures –
    Efficiency Ratio (Tax-equivalent Basis)
        Three Months Ended   Nine Months Ended
    September 30,
    (dollars in thousands)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		     2024       2023  
                         
    Efficiency ratio (tax-equivalent basis)                    
    Total noninterest expense   $ 31,322     $ 30,509     $ 30,671     $ 93,099     $ 100,577  
    Less: amortization of intangible assets     710       710       720       2,130       1,950  
    Noninterest expense excluding amortization of intangible assets   $ 30,612     $ 29,799     $ 29,951     $ 90,969     $ 98,627  
                         
    Net interest income   $ 47,733     $ 47,028     $ 48,279     $ 141,449     $ 143,988  
    Total noninterest income     8,705       9,610       9,490       23,941       26,841  
    Operating revenue     56,438       56,638       57,769       165,390       170,829  
    Tax-equivalent adjustment (1)     552       553       675       1,680       2,092  
    Operating revenue (tax-equivalent basis) (1)   $ 56,990     $ 57,191     $ 58,444     $ 167,070     $ 172,921  
                         
    Efficiency ratio     54.24 %     52.61 %     51.85 %     55.00 %     57.73 %
    Efficiency ratio (tax-equivalent basis) (1)     53.71       52.10       51.25       54.45       57.04  
                                             
    (1)    On a tax-equivalent basis assuming a federal income tax rate of 21% and a state tax rate of 9.5%.
     
    Reconciliation of Non-GAAP Financial Measures –
    Ratio of Tangible Common Equity to Tangible Assets and Tangible Book Value Per Share
    (dollars in thousands, except per share data)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023
                 
    Tangible Common Equity            
    Total stockholders’ equity   $ 537,662     $ 509,469     $ 456,251  
    Less: Goodwill     59,820       59,820       59,820  
    Less: Intangible assets, net     18,552       19,262       21,402  
    Tangible common equity   $ 459,290     $ 430,387     $ 375,029  
                 
    Tangible Assets            
    Total assets   $ 4,990,728     $ 5,006,199     $ 4,991,768  
    Less: Goodwill     59,820       59,820       59,820  
    Less: Intangible assets, net     18,552       19,262       21,402  
    Tangible assets   $ 4,912,356     $ 4,927,117     $ 4,910,546  
                 
    Total stockholders’ equity to total assets     10.77 %     10.18 %     9.14 %
    Tangible common equity to tangible assets     9.35       8.74       7.64  
                 
    Shares of common stock outstanding     31,559,366       31,559,366       31,774,140  
                 
    Book value per share   $ 17.04     $ 16.14     $ 14.36  
    Tangible book value per share     14.55       13.64       11.80  
                             
    Reconciliation of Non-GAAP Financial Measures –
    Return on Average Tangible Common Equity,
    Adjusted Return on Average Stockholders’ Equity and Adjusted Return on Average Tangible Common Equity
             
        Three Months Ended   Nine Months Ended
    September 30,
    (dollars in thousands)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		     2024       2023  
                         
    Average Tangible Common Equity                    
    Total stockholders’ equity   $ 523,745     $ 501,837     $ 459,601     $ 506,582     $ 445,576  
    Less: Goodwill     59,820       59,820       59,875       59,820       56,406  
    Less: Intangible assets, net     18,892       19,605       21,793       19,607       20,005  
    Average tangible common equity   $ 445,033     $ 422,412     $ 377,933     $ 427,155     $ 369,165  
                         
    Net income   $ 18,180     $ 18,070     $ 19,715     $ 51,508     $ 47,396  
    Adjusted net income     19,244       18,139       20,279       55,456       58,910  
                         
    Return on average stockholders’ equity *     13.81 %     14.48 %     17.02 %     13.58 %     14.22 %
    Return on average tangible common equity *     16.25       17.21       20.70       16.11       17.17  
                         
    Adjusted return on average stockholders’ equity *     14.62 %     14.54 %     17.51 %     14.62 %     17.68 %
    Adjusted return on average tangible common equity *     17.20       17.27       21.29       17.34       21.34  
                                             
    *   Annualized measure.
     

    The MIL Network –

  • MIL-OSI: Karolinska Development’s portfolio company SVF Vaccines announces positive data from a phase 1 study of its universal Covid-19 vaccine

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, SWEDEN, October 21, 2024. Karolinska Development AB (Nasdaq Stockholm: KDEV) announces that its portfolio company SVF Vaccines, has presented positive clinical safety and immunogenicity data from a clinical phase 1 study of the universal Covid-19 vaccine candidate, SVF-002.

    SVF Vaccines develops SVF-002, a DNA vaccine designed to engage a broad neutralizing response directed against the spike protein of SARS-CoV-2, the virus that causes Covid-19, but has also been designed to induce a T-cell response that is capable of eliminating cells in which the virus is present. SVF-002 has now been evaluated in a double-blind, first-in-human clinical study. The results were presented today at the annual meeting of the International Society for Vaccines in Seoul, South Korea, by the principal investigator of the study, Professor Soo Aleman, Senior Physician and Section Manager at the Medical Unit for Infectious Diseases, Karolinska University Hospital.

    The results showed that the vaccine candidate was safe and well-tolerated and that the higher dose boosted neutralizing antibodies to the spike protein and provided unique T-cell responses against highly conserved components of the virus, the membrane protein and the nucleoprotein, which may entail better protection even if the virus changes. The study was run by the OpenCorona consortium in collaboration with the Karolinska University Hospital in Stockholm, Sweden. The study enrolled healthy individuals who had previously received three doses of an mRNA-based Covid-19 vaccine.

    “SVF Vaccine is developing a portfolio of therapeutic and prophylactic vaccines that potentially can both prevent disease and cure infected patients. The positive results in the clinical phase 1 study are an important achievement that validates SVF Vaccines development platform,” says Viktor Drvota, CEO of Karolinska Development.

    Karolinska Development’s ownership in SVF Vaccines amounts to 34%.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

    Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
    Phone: +46 70 207 48 26, e-mail: johan.dighed@karolinskadevelopment.com

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patient’s lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

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    Attachment

    The MIL Network –

  • MIL-OSI Security: “NATO will defend Allied interests in the Arctic” says Chair of NATO Military Committee

    Source: NATO

    On 19 October 2024, the Chair of the NATO Military Committee, Admiral Rob Bauer attended the 11th edition of the Arctic Circle Assembly. While in Iceland, he also met with the Chief of Defence, Mr Jonas G. Allansson, former President of Iceland Mr Ólafur Ragnar Grímsson, Chairman of the Arctic Circle Assembly and Michael Sfraga, newly appointed US ambassador-at-large for the Arctic.

    In his keynote speech for the Arctic Circle Assembly, Admiral Bauer expressed his concerns about Russia’s continued military build-up in the Arctic and the growing (military) cooperation between China and Russia, also in the Arctic region. “NATO will defend its interests in the Arctic. We have a responsibility to protect all our Allies, including the seven here in this region. And we want to uphold the international rules-based order, which includes freedom of navigation,” Admiral Bauer said. He underscored NATO’s strong posture in the High North based on new defence plans, major exercises and build-up of Joint Force Command Norfolk to ensure NATO’s deterrence and defence for the whole of the North Atlantic.  Admiral Bauer also praised closer Nordic Defence Cooperation: “The historic accession of Sweden and Finland makes NATO stronger, also in the High North. And Nordic Allies are investing deeply in their capabilities and equipment”. 

    Sitting down with the Icelandic Chief of Defence, Mr Jonas Allansson, Admiral Bauer reiterated the key role Iceland plays as a NATO Ally. “Iceland continues to be strategically important because of its location and by operating crucial NATO air defence and surveillance systems. Iceland also hosts Allied Air Policing and key exercises,” Admiral Bauer stated, adding that Iceland is one of 13 Allies involved in the NORTHLINK initiative that was launched during the Defence Ministerial Meeting on 17-18 October 2024. This initiative will help develop a secure, resilient and reliable multinational Arctic satellite communications capability. Admiral Bauer also welcomed Iceland’s long-term support to Ukraine.

    Meeting with Mr Ólafur Ragnar Grímsson, Admiral Bauer praised the Arctic Circle Assembly for being a key venue to address global challenges, including the security implications of climate change. “Reduction in sea ice due to climate change means that new shipping routes come into play in the Arctic, making them economically and militarily significant,” Admiral Bauer said. 

    In his meeting with the US Ambassador-at-Large for Arctic Affairs, Michael Sfraga, Admiral Bauer discussed the role of the United States as an Artic ally, both on the diplomatic front and also militarily, as Pentagon published an updated Arctic Strategy in July this year.

    Read the speech at the Arctic Circle Assembly.

    MIL Security OSI –

  • MIL-OSI Europe: Einstein Telescope in border region step closer

    Source: Government of the Netherlands

    News item | 18-10-2024 | 12:00

    Major steps have been taken to build the Einstein Telescope in the border region of Belgium, the Netherlands and Germany. This was revealed at the 4th ministerial summit on the project. The Flemish government is already reserving €200 million for the project. In addition, Belgium and the Netherlands support the steps being taken in Germany to definitively earmark funds for the construction of the Einstein Telescope. Finally, it was announced at the summit that the 1rst results of the drilling campaign give the preliminary conclusion that the subsoil in the border area of Belgium, the Netherlands and Germany is sufficiently stable and offers opportunities to build the telescope.

    Newcomers

    That news caused great optimism among the responsible ministers from North Rhine-Westphalia, Belgium and the Netherlands at the Kerkrade conference on the underground telescope.

    Following elections and government formation in the Netherlands and Belgium, a number of new ministers in the Netherlands and Belgium are responsible for the Einstein Telescope project. From Wallonia it is Minister Pierre-Yves Jeholet, in Flanders it is Prime Minister Matthias Diependaele and from the Netherlands Minister Eppo Bruins, who also hosted.

    Commitment in the 3 countries

    Ahead of the summit, it was announced that the new Flemish cabinet is already reserving €200 million for the Einstein Telescope. This is good news. Together with the financial reservation in the Netherlands and the extra boost given by Minister Bruins on Prinsjesdag, a total of more than a billion euros is available for the Einstein Telescope in both countries.
    Germany is also taking steps for the Einstein Telescope. There, an application is under way to get the Einstein Telescope on Germany’s priority list for large scientific infrastructure. This is a necessary condition for a financial contribution. Dutch and Belgian ministers have indicated their support for this proposal.

    Drilling campaign: hard rock favourable

    A key condition for building the Einstein Telescope is that the soil is suitable for it. To determine that, drilling to an average depth of 300 metres was carried out at 11 locations in the border region of Belgium, the Netherlands and Germany. Not all analyses have been completed yet, but the first preliminary conclusions look good. It was found that the subsurface consists of harder rock layers than initially assumed. This is favourable for building an underground research infrastructure. The analysed data from the drillings have been independently verified by the geological service of TNO (Netherlands Organisation for Applied Scientific Research). TNO concurs with the research team’s conclusion based on these initial findings that there are no factors that would make the project unfeasible.
    This drilling campaign and the data collected do not yet say anything about exactly where the 3 vertices for the underground telescope will be. Further geological research is needed for that. In addition, seismic surveys must show that the area is sufficiently noise-free to allow the telescope to measure gravity waves optimally. Furthermore, civil engineering studies must show how the construction of the underground tunnels and vertices is possible. In addition, environmental impact studies will help determine the most suitable location.

    Einstein Telescope of great value

    The Einstein Telescope will be of great value to science, the economy and society. Studies show that every euro invested will pay for itself twice over, and thousands of additional jobs are expected to be created in the border area of the 3 countries. Both for scientists and professionals in the fields of construction, maintenance and hospitality.
    The decision on where to build the Einstein Telescope will be made in 2026. The border region of Germany, the Netherlands and Belgium is in the race together, working on the best possible bid book. The Netherlands has €58 million for preparation and a reservation of €870 million for construction.

    Quotes from national and regional ministers

    Minister Eppo Bruins (OCW) – the Netherlands: ‘Together, we are really another step closer to the Einstein Telescope. The Flemish investment is very good news, and Germany is also taking steps. These agreements and first results of the ground borings mean that the ground under our plan is getting firmer, both literally and figuratively. And that’s good news. Together, we can really give a major boost to science, society and the economy in our countries with the Einstein Telescope.’

    State Secretary Thomas Dermine, Belgium: ‘This latest ministerial meeting shows that the Netherlands, Belgium, and Germany continue to make significant daily efforts to ensure that the candidacy of the EMR region for the Einstein Telescope is as solid and coherent as possible. The Belgian federal government, whose administration (BELSPO) coordinates the work of the Belgian Task Force, closely monitors the next steps to be taken to ensure that this high-value scientific project is actually realized in the EMR region. The realization of a European project of this caliber will enhance the EMR cross-border region and demonstrate that Europe is at the top of scientific technology in the field of gravitational wave detection.’

    Nathanael Liminski, Minister of Federal, European, International Affairs and Media of the State of North Rhine-Westphalia and Head of the State Chancellery: ‘We are constantly fostering cross-border cooperation between North Rhine-Westphalia, the Netherlands and Belgium for the benefit of the people in the region. Of the many areas and projects in which we work together, the Einstein Telescope stands out in particular. Joint cutting-edge research projects send out the signal that we, as Europe, have the confidence to be among the best in the world. The Einstein Telescope has enormous potential, both scientifically and economically.’

    Gonça Türkeli-Dehnert, State Secretary, Ministry of Culture and Research of the State of North-Rhine Westphalia: ‘The research landscape in North Rhine-Westphalia, with its many excellent universities and research institutions, is unique in Europe. I am sure that North Rhine-Westphalia and its partners in the Netherlands and Belgium will be the ideal home for the Einstein Telescope.’

    Minister Pierre-Yves Jeholet, Wallonia: ‘This project is of great importance for scientific research and European scientific collaboration, but also for the economy of our regions, which is why the new Walloon Government fully supports this bid through the Economy and Industry Department. Most of this project will be carried out under Walloon soil, and the spin-offs will be significant for our regions. In the coming weeks, the Walloon Government will be expanding its project team to maximise the chances of this joint bid by Germany, the Netherlands, Flanders and Wallonia.’

    Flemish Prime Minister Matthias Diependaele: ‘The Einstein Telescope is a unique ‘Big Science’ project. It links fundamental science, technological innovation, attraction of STEM fields and international appeal. A strong commitment from all governments involved will enable us to actually bring this unique scientific infrastructure to the Meuse-Rhine Euroregion. This is why the new Flemish government has already entered an initial reservation of 200 million euros in its budget.’

    Deputy Stephan Satijn (Economy, Finance and Business, Public affairs) Province of Limburg (NL): ‘During the ministerial meeting, it became clear that we all want the same thing: to bring the Einstein Telescope to this region. The new ministers are also keeping the Einstein Telescope high on the agenda. With good agreements, we have taken another step forward.’

    MIL OSI Europe News –

  • MIL-OSI China: US defense secretary visits Ukraine

    Source: China State Council Information Office

    A file photo of U.S. Secretary of Defense Lloyd Austin. [Photo/Xinhua]

    U.S. Secretary of Defense Lloyd Austin arrived in Kiev on Monday, the Interfax-Ukraine news agency reported.

    During his visit, Austin is scheduled to meet with Ukrainian President Volodymyr Zelensky and Defense Minister Rustem Umerov.

    The two parties will discuss the U.S. military support for Ukraine next year.

    The trip marks Austin’s fourth visit to Ukraine as the secretary of defense.

    MIL OSI China News –

  • MIL-OSI China: China launches its first digital resource center for Tibetan medicine, astrology

    Source: China State Council Information Office 3

    Southwest China’s Xizang Autonomous Region launched the country’s first digital resource center for Tibetan medicine and astrology on Friday.

    Established by the Hospital of Traditional Tibetan Medicine in the regional capital Lhasa, the center features 10 databases, including Tibetan medicine materials and the literature on Tibetan medicine and astrology. It also houses high-resolution scanned copies of rare Tibetan medical and astrology texts dating back to the 8th Century.

    The digitization efforts began in 2006, with over 40 researchers working to collect and preserve valuable literature not only from Xizang but also from provincial-level regions such as Qinghai, Gansu, Yunnan, Sichuan, Inner Mongolia and Liaoning. The team also traveled internationally, securing documents from collections in Mongolia, the United States and France.

    “It is a critical step forward in advancing academic collaboration and scientific research in Tibetan medicine and astrology. We aim to create an open, accessible platform offering high-quality data and services to the global academic community,” said Tsering, director of the hospital.

    Traditional Tibetan medicine emphasizes that seasonal changes affect the circulation of the body’s organs. As a result, practitioners pay close attention to variations in celestial bodies.

    Under Tibetan tradition, astronomical calculations and astrology are conducted at hospitals. Each year, the almanac is generated based on calculations made by scholars of the hospitals. 

    MIL OSI China News –

  • MIL-OSI China: 2024 WSTDF to open in Beijing

    Source: China State Council Information Office 3

    A press briefing on the 2024 World Science and Technology Development Forum is held in Beijing on Oct. 18. [Photo courtesy of the China Association for Science and Technology]

    The 2024 World Science and Technology Development Forum (WSTDF), hosted by the China Association for Science and Technology (CAST), will commence in Beijing on Oct. 22, according to a press briefing held on Friday.

    Guided by the implementation of China’s three major global initiatives, the forum will center on the theme “Science and Technology for the Future” and focus on in-depth discussions of six topics. It aims to harness international expertise to drive high-quality development, foster cross-cultural scientific exchanges, and tackle global challenges through innovation and technological solutions.

    The main activities of the 2024 WSTDF will take place in Beijing from Oct. 22-24, with the closing ceremony set for Oct. 30. During the event, in addition to the opening ceremony on Oct. 22, six major thematic sessions and three roundtable dialogues will be held, complemented by several cultural exchange activities. The six thematic sessions will explore the following key areas: “AI Governance Innovation: Building an International Trust Foundation for Cultivating the Ecology of Science and Technology Governance (Intelligence)”; “Interdisciplinary Science-Based Solutions Towards Sustainable Development (Interdisciplinary)”; “Open Science Infrastructures: Building a Collaborative Platform for the Sciences Decade (Infrastructures)”; “Cross-Industry Resource Collaboration and Integration to Provide Innovative Application Scenarios for Enhancing the Intelligent Manufacturing Industry (Innovation)”; “Harmonious Coexistence of Nature and Humanity: Environment and Health (Interaction)”; and “Science and Technology for Risk-Informed Sustainable Development (Integration).” The three roundtable dialogues will focus on the following themes: “Encouraging women’s participation in science and technology”; “Science: Openness, Cooperation and Mobility”; and “Seminar on Effectively Advancing the Sustainable Development Goals.”

    In addition, three key international exchange events will enrich the forum, namely the 2024 China-ASEAN Engineers Forum in Beijing on Oct. 16; the opening ceremony of the 2024 WLA Forum & The Award Ceremony of the 2024 WLA Prize in Shanghai on Oct. 25; and the 11th China-Russia Engineering and Technology Forum in Heilongjiang on Oct. 28-29.

    The 2024 WSTDF is expected to attract hundreds of high-profile participants, including leaders from relevant countries, global award winners, heads of the United Nations as well as international science and technology organizations, as well as renowned scientists, entrepreneurs and educators from home and abroad. Among the attendees will be over 10 Nobel laureates and other major award winners, more than 40 academicians, over 30 business representatives, and nearly 50 delegates from international organizations.

    Featuring a diverse array of events, including thematic sessions, open forums and closed-door meetings, the forum will emphasize fostering interdisciplinary technological cooperation and integration. Through proposals, reports and declarations, it aims to drive meaningful progress in science and technology.

    In line with its commitment to simplicity and practicality, the forum will embrace a green, low-carbon and sustainable approach. This includes utilizing paperless communication to boost efficiency, leveraging digital technology to streamline event services, and using renewable energy vehicles for guest transportation. Additionally, the forum will limit the number of participants, avoid unnecessary formalities and minimize decorations to foster a focused and efficient environment.

    First launched and hosted by CAST in 2019, the WSTDF has been held five times. Amidst the complex and evolving global landscape, the forum has played a vital role in fostering non-governmental scientific and technological exchange, broadening avenues for international collaboration, and establishing an open and trustworthy network of cooperation. This year, the forum will once again offer a crucial platform for nations to exchange ideas, deepen partnerships and advance scientific innovation and development on a global scale, contributing to a community with a shared future for mankind.

    MIL OSI China News –

  • MIL-OSI United Kingdom: Severn Valley communities invited to learn about plans for area

    Source: United Kingdom – Executive Government & Departments

    Communities along the Severn Valley are invited to find out more about plans to manage water and enhance communities at a series of drop-in events.

    Flooding in the Severn Valley.

    Residents and business owners along the upper Severn Valley are invited to a series of drop-in sessions being held later this year where they can find out more about plans to manage water and enhance communities in the area. 

    The Severn Valley Water Management Scheme (SVWMS) is an initiative led by a partnership of the Environment Agency, Natural Resources Wales, Powys County Council and Shropshire Council which aims to enhance water management and create resilient environments across the Upper Severn catchment.  

    The Partnership will be at the drop-in sessions below to discuss how it will be developing plans to make the Severn a more vibrant and resilient river catchment, and members of the communities are invited to the drop-in session to find out more.  

    As well as considering future options for the upper Severn catchment, the SVWMS is also exploring the different funding approaches that would be needed to take forward future implementation in what is a challenging funding environment.   

    The drop-in sessions will be held on the following dates:

    • 7 November – Newtown Library, Park Lane, Newtown, SY16 1EJ 

    • 26 November – Llanidloes – Hanging Gardens Project, Bethel St, Llanidloes SY18 6BS   

    • 10 December – Meifod – Meifod Cobra Rugby Club, Meifod, SY22 6HF 

    • 13 January – Oswestry – Oswestry Memorial Hall, Smithfield Street, Oswestry, SY11 2EG 

    • 29 January – Shrewsbury – Shropshire Wildlife Trust, 193 Abbey Foregate, Shrewsbury SY2 6AH 

    These sessions, which coincide with briefings for local parish and community councils in Powys and Shropshire, are designed to provide an opportunity for residents to learn more about the project, ask questions, and share their views. 

    People can also keep up to date with progress of the scheme and all the latest news and events by viewing the new SVWMS website, which seeks feedback from those with an interest in the scheme. 

    The project is investigating a combination of sustainable land use management, in conjunction with current land uses, up-scaled nature-based solutions, and sensitive engineering methods to improve flood risk resilience and water management in the catchment area. 

    If delivered, the SVWMS will bring numerous benefits to communities and businesses across the Severn catchment in England and Wales: 

    • Improved Flood Risk Management: By implementing a combination of measures, the project will help slow the flow of water upstream, reducing the risk of flooding in downstream areas. 

    • Enhanced Biodiversity: The project will contribute to halting biodiversity decline by creating and improving habitats such as wetlands, reed beds, and woodlands. This will support a diverse range of plant and animal species. 

    • Climate Resilience: The regenerative approach of the SVWMS will positively contribute to addressing the climate crisis by enhancing the natural environment’s ability to absorb and store carbon. 

    • Social Value: The project will engage local communities and involve them in the decision-making process, fostering a sense of ownership and stewardship over the natural environment. 

    • Economic Benefits: By improving water management and reducing flood risks, the project can protect local businesses and infrastructure, contributing to the overall economic resilience of the region. 

    David McKnight, Environment Agency Area Flood and Coastal Risk manager for the West Midlands said:  

    “Delivering the Severn Valley Water Management Scheme is a long-term solution to sustainable water management and has the potential to better protect thousands of homes and businesses from flood risk across the upper Severn catchment in England and Wales.

    “We are looking forward to sharing progress as it is made and for people to contribute and engage with us as the project advances. We want to hear from all areas of the Severn community as we embark on the strategy that the catchment needs to be able to adapt to our changing climate and continue to thrive. 

    “The new SVWMS website will be a reliable and informative resource for anyone wanting to engage with partners and we will update the venue details of our community drop-in sessions and event summaries there too.” 

    Gavin Bown, Natural Resources Wales, Head of Operations for Mid Wales said: 

    “This is an ambitious but important project as we face a climate and nature emergency.  We are seeing adverse weather events, such as flooding and periods of drought, occurring more frequently than we have experienced in recent decades. 

    “The Severn Valley Water Management Scheme (SVWMS) is looking at new and innovative ways to supplement our flood risk management activities and help further address these issues through using natural flood management to reduce the risk of flood or drought by working with natural systems. 

    NRW and Welsh Government are committed to the sustainable management of our natural resources.  The SVWMS is a project which could provide us with additional longer-term solutions to sustainably manage water in the Severn catchment.  We welcome the opportunity for communities to help inform the scheme.” 

    Councillor James Gibson-Watt, at Powys County Council, added:  

    “The Severn Valley Water Management Scheme is a significant opportunity to address climate impacts being experienced within our communities in Powys.  We’re excited to be a partner in this initiative and would encourage participation in the upcoming community events to learn more about the project and the potential opportunities it could bring.” 

    Councillor Ian Nellins, Deputy Leader and Cabinet member for Climate Change, Environment and Transport at Shropshire Council, added:  

    “The Severn Valley Water Management Scheme represents a significant step forward in our efforts to protect communities and enhance our natural environment.  This project not only addresses the immediate flood risks but also supports biodiversity and our fight against climate change.  

    “We encourage everyone to participate in the upcoming sessions to learn more about the positive impacts this scheme will bring.”

    Updates to this page

    Published 21 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Derry students pose questions to Councillors at Let’s Talk event

    Source: Northern Ireland – City of Derry

    Derry students pose questions to Councillors at Let’s Talk event

    21 October 2024

    Pupils from seven of the city’s secondary schools had the opportunity to ask elected representatives from Derry and Strabane District Council about matters that affect them at a specially arranged discussion event to celebrate Good Relations Week.

    The Let’s Talk event was held at the Waterfoot Hotel and was attended by pupils from St Joseph’s Boys’ School, St Brigid’s College, St Columb’s College, Lisneal College, Thornhill College, Foyle College and St Cecilia’s College.
    Students posed questions to Councillors from Sinn Fein, the SDLP, DUP, UUP, People Before Profit and an Independent Councillor.

    The event was organised by Council’s Good Relations section of Community Development and hosted by Communications expert Paul McFadden.

    Mayor of Derry City and Strabane District Council, Councillor Lilian Seenoi-Barr, addressed the event and praised the young people for their positive contribution.

    “I was delighted to address the Good Relations Week Let’s Talk event and hear from the young people and learn more about what is important to them,” she said.

    “The students showed a deep understanding of a wide range of issues including the Gaza situation, violence against women and drug use in their areas.

    “Well done and thank you to everyone who took part and the Council’s Good Relations team for organising and excellent event.”

    Further information about Good Relations Week and the Council’s Good Relations team and programmes is available on the Council website at derrystrabane.com/community/good-relations.

    MIL OSI United Kingdom –

  • MIL-OSI Europe: ASIA/INDONESIA – President Prabowo Subianto takes office as Head of State

    Source: Agenzia Fides – MIL OSI

    Jakarta (Agenzia Fides) – The new Indonesian Head of State, Prabowo Subianto, has officially taken office as the eighth President of the country, after the handover from outgoing President Joko Widodo.In his first speech as President, Prabowo promised to eradicate corruption and strive for the country’s self-sufficiency in food and energy. Gibran Rakabuming Raka, son of former President Joko Widodo, took over as Vice President. Prabowo, who continues to cultivate relations with the former President, could appoint Widodo to a leading role in the Presidential Advisory Council (“Wantimpres”), in order to consolidate support for the still popular Widodo and his supporters. Proabowo’s government consists of 48 ministries with a total of over 100 ministers and secretaries of state. Prabowo’s executive differs in some respects from that of Joko Widodo, as some ministries have been split or renamed: for example, the previous ministries of education and culture and environment and forests are now separate. In an effort to maintain continuity with the past, the reappointment of Sri Mulyani Indrawati as finance minister is notable. A former director general of the World Bank, Sri Mulyani was involved in reforming the tax system under two presidents before Prabowo. He is the man who will implement Prabowo’s major programs, such as the one that caused a stir during the election campaign: the announced distribution of free meals to some 83 million children in public schools and to pregnant women to combat growth problems. This plan has already been criticized by those who consider it too expensive, as it will burden the state budget with USD 28 billion. According to analysts, Prabowo otherwise shows a general intention to continue Joko Widodo’s policies, especially in the economic field. Given Prabowo’s background as a former general and defense minister, analysts predict that many posts will be given to members of the military and that his administration will seek to strengthen military capabilities and modernize defense equipment. According to the president’s presentation, investments in defense will be part of a broader effort to boost economic growth. In foreign policy, Indonesia is expected to assert its role as a founding member of ASEAN (Association of Southeast Asian Nations), and the president will seek to increase Indonesia’s influence on regional and international issues. The new president’s first official trip, meanwhile, will be to China, with the aim of strengthening trade ties and economic cooperation while seeking potential investors for the mega-project of the new Indonesian capital Nusantara, which is being built on the island of Borneo. The ambitious project was launched under his predecessor Widodo, and the new president will now have to push it forward, whereas so far the lack of foreign investment has severely slowed the project. (PA) (Agenzia Fides, 21/10/2024)
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    MIL OSI Europe News –

  • MIL-OSI Europe: AMERICA/MEXICO – In the state of Chiapas: Indigenous priest and human rights activist murdered

    Source: Agenzia Fides – MIL OSI

    Monday, 21 October 2024

    San Cristóbal de Las Casas (Agenzia Fides) – The Catholic community of Chiapas shares in these hours pain and prayers after the murder of an indigenous priest parish priest in the Cuxtitali neighborhood of San Cristobal de las Casas. The attack on Father Marcelo Pérez Pérez, as the victim was called, occurred on his way back from the parish of Nuestra Señora de Guadalupe, in San Cristobal de las Casas, where he had celebrated mass. According to the ongoing investigation, two armed men on motorcycles approached the car in which Father Marcelo was sitting and shot him on Sunday morning, October 20.Known for his work for justice and peace in the region’s indigenous communities and as a mediator in conflicts in areas such as Pantelhó, where violence and insecurity have increased significantly and armed groups have long fought for control of the territory, the priest had received a number of death threats over the years, including for his actions and denunciations of the actions of armed groups in the region.Due to the constant threats, the diocese of San Cristóbal de las Casas had decided to transfer him from the municipality of Simojovel to the parish of Nuestra Señora de Guadalupe. “Chiapas is a time bomb, many people have disappeared, been kidnapped and killed by organized crime,” he said in an interview last September 13 during a peace rally attended by parishioners from the three dioceses of Chiapas. In August 2024, he confirmed that a bounty of one million pesos (almost 50,000 euros) had been placed on his life in Simojovel, but that he would continue his peace process under the protection of God. “I have a divine mandate,” he told the newspaper “El Sol de México” on August 2, 2024. The son of peasant parents, he was born in the municipality of Chichelalhó, in San Andrés Larráinzar (Chiapas). He attended the seminary, was ordained a priest on April 6, 2002, and began his ecclesiastical work as a parish priest in Chenalhó, where he had contact with the survivors of the Acteal massacre in 1997. He worked as a human rights activist for decades and lived in Simojovel for more than 10 years. He coordinated the Social Pastoral Care of the province of Chiapas, which includes the dioceses of the municipalities of San Cristóbal de Las Casas, Tapachula and Tuxtla Gutiérrez, and supported indigenous religious organizations and groups, led pilgrimages and initiated activities on health, poverty and violence in Simojovel. After being a priest for 10 years as parish priest in Chenalhó and 10 years in Simojovel, he was responsible for the parish of Our Lady of Guadalupe for more than two years.In 2010 he was awarded the “Per Anger 2020” prize, which is given to people and organizations that work for human rights and democracy. Meanwhile, the Bishop Emeritus of San Cristóbal de las Casas, Cardinal Felipe Arizmendi Esquivel, expressed his deep sadness and recalled that Father Marcelo was one of the first indigenous priests from the Tsotsile ethnic group that he ordained. “He always worked for justice and peace among the indigenous peoples, especially in Simojovel, and accompanied the victims of internal violence in Pantelhó,” said Cardinal Esquivel. According to the Cardinal, the priest never engaged in party politics, but always fought for respect and justice between communities: “He fought for the values of the Kingdom of God to come alive in the communities. The values of truth and life, holiness and grace, justice, love and peace.” “Father Marcelo Pérez was a living example of priestly commitment to the neediest and weakest in society. His pastoral work, which was characterized by his closeness to the people and his constant support for those most in need, leaves a legacy of love and service that will remain in the hearts of all those he touched through his ministry,” said the Mexican Bishops’ Conference in a communiqué on the priest’s violent death, signed by its President Rogelio Cabrera López and its Secretary General Ramón Castro Castro.”The murder of Father Marcelo not only deprives the community of a pastor who was committed to his people, but also silences a prophetic voice that fought tirelessly for peace, truth and justice in the Chiapas region. Marcelo Pérez was a living example of priestly commitment to the neediest and weakest in society,” said the Bishops’ Conference. The bishops are calling on the authorities to “conduct a comprehensive and transparent investigation that will lead to clarifying this crime and bring justice to Father Marcelo Pérez,” and “to take effective measures to ensure the safety of priests and pastoral workers” and “to redouble their efforts in the fight against violence and impunity that plague the Chiapas region” and the country in general.Meanwhile, the Chiapas State Attorney’s Office is investigating the murder.The Mexican Secretariat for Security and Protection of Citizens sent a message of “solidarity with the Catholic community and the commitment of the Mexican government that there will be no impunity.” (AP) (Agenzia Fides, 21/10/2024)

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Enjoy and evening of Doric Banter and Beats at Aberdeen Art Gallery

    Source: Scotland – City of Aberdeen

    A special event presenting a modern take on the North East region’s mother tongue of Doric takes place at Aberdeen Art Gallery on Friday (26 October). 

    Supported by the Doric Board, Banter and Beats will showcase some of the best up-and-coming local talent in an evening of spoken word and music. The event, which takes place in the Art Gallery’s Cowdray Hall, is offered on a ‘pay what you can’ basis. No booking required. 

    The programme is hosted by Aiberdeen Mannie (Duncan Dallas), a social media influencer from Aberdeen. His short and funny videos on day-to-day life as a ‘middle-aged mannie fae Aiberdeen’ have seen him amass over 16k followers on Instagram. He was nominated as Scots Media Person of the Year at the Scots Language Awards in 2022.  
     
    The evening’s line-up includes: 
     
    Jackill (Jack Hughes), an influential rapper, writer and producer from Aberdeen. He has been involved in the Scottish Hip-Hop scene for over ten years and released his debut album A Day With The Jackal to acclaim in 2019. Five years in the making, the album is driven by Jackill’s social commentary about the world around him. Alongside being a musician, he works in local communities delivering workshops to young people and adults experiencing barriers to the arts. 

    Aberdeenshire folksinger Iona Fyfe has become one of Scotland’s finest singers. In 2021, she became the first singer to win the coveted title of Musician of the Year at the MG ALBA Scots Trad Music Awards. Iona is a fierce advocate for the official recognition of the Scots Language, leading a successful campaign to pressure Spotify into recognising Scots and add it to its list of languages. Honoured at the Scots Language Awards with the title of Speaker of the Year in 2021, Iona performs both folk and pop songs in the Scots language, remaining true to her rooting in tradition. 

    Spoken word artist and writer Jo Gilbert’s debut poetry collection, WTF is normal anyway?, was published by Seahorse Publications in August 2022. Jo’s work is influenced by a myriad of things – music, art, poetry, film, history, prose, photography, sound, landscape, class, and people – filtered through personal experience and innumerable factors that weave the direction our creative paths take. Jo was a recipient of a Micro-Commission Award from Aberdeen Art Gallery in 2020. 
     
    Banter and Beats – an Evening of Doric 
    Friday 25 October 
    Aberdeen Art Gallery – Cowdray Hall, 7:30pm-9pm (doors open 7pm) 
    Pay what you can to support our programme 
    Café open for refreshments.  

     
    View of Aberdeen exhibition is on display in Gallery 15 at Aberdeen Art Gallery (Mon-Sat 10am-5pm and Sun 11am-4pm, admission free), and is a constantly evolving exhibition which aims to reflect people’s views on Aberdeen as a city to live and work in.  

    MIL OSI United Kingdom –

  • MIL-OSI China: Beijing logs 1.7M inbound trips by foreigners in 3 quarters

    Source: China State Council Information Office 2

    More than 1.7 million foreign nationals entered the Chinese capital in the first three quarters, a year-on-year increase of 156.6%, according to the Beijing General Station of Exit and Entry Frontier Inspection.
    The number of cross-border travelers at Beijing ports reached nearly 13.7 million from January to September, more than doubling that of the same period last year. The figure also surpassed the total number of entries and exits for the whole of last year.
    China’s optimized visa-free policy, together with measures aimed at facilitating international travel, has substantially helped to increase the number of foreign travelers arriving in Beijing.
    According to the Beijing border inspection office, most of the foreign travelers who entered through Beijing in the first three quarters of the year originated from Russia, the U.S., the Republic of Korea, Germany, and Malaysia. 
    During the period, 580,000 foreigners entered Beijing under visa-free policies, with 46,000 benefiting from the 144-hour transit visa exemption, representing six-fold and 3.4-fold increases year on year, respectively.
    The Beijing General Station of Exit-Entry Frontier Inspection has implemented multiple measures facilitating services for foreign travelers, including promoting the use of electronic boarding passes with 14 airlines, and piloting self-service printing of entry cards for foreigners to reduce waiting time. Moreover, additional channels and waiting areas have been installed at busy checkpoints.

    MIL OSI China News –

  • MIL-OSI: Sophos to Acquire Secureworks to Accelerate Cybersecurity Services and Technology for Organizations Worldwide

    Source: GlobeNewswire (MIL-OSI)

    News Summary

    • Secureworks shareholders to receive $8.50 per share in cash
    • Sophos intends to integrate solutions from both companies into a broader and stronger security portfolio for all small, mid- and enterprise customers
    • By combining complementary AI-driven security platforms powered by automated prevention, detection and response, the two organizations can deliver advanced solutions for defeating modern, persistent adversaries even faster
    • The deal is expected to strengthen the security community by bringing together two industry leaders with shared mission-driven cultures

    OXFORD, United Kingdom and ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) — Sophos and Secureworks® (NASDAQ:SCWX), two global leaders of innovative security solutions for defeating cyberattacks, today announced a definitive agreement for Sophos to acquire Secureworks. The all-cash transaction is valued at approximately $859 million. Sophos is backed by Thoma Bravo, a leading software investment firm.

    Sophos’ experience and reputation as a leading provider of managed security services and end-to-end security products, combined with Secureworks’ security operations expertise transformed into the Taegis™ platform, is expected to further deliver complementary advanced MDR and XDR solutions for the benefit of their global customer bases. Together, they will help strengthen the resilience and security posture of global organizations of any size with a combination of security controls, AI, world-class threat intelligence, and two teams with decades of cybersecurity expertise.

    Sophos expects to integrate solutions from both companies into a broader and stronger security portfolio benefiting small, mid- and enterprise customers. This includes Sophos expanding its current portfolio with other new offerings like identity detection and response (ITDR), next-gen SIEM capabilities, operational technology (OT) security, and enhanced vulnerability risk prioritization. As two partner-centric organizations, the combination of Sophos and Secureworks will enable the combined company to expand its market presence to create greater value within the channel and strengthen the overall security community.

    “Secureworks offers an innovative, market-leading solution with their Taegis XDR platform. Combined with our security solutions and industry leadership in MDR, we will strengthen our collective position in the market and provide better outcomes for organizations of all sizes globally,” said Joe Levy, CEO of Sophos. “Secureworks’ renowned expertise in cybersecurity perfectly aligns with our mission to protect businesses from cybercrime by delivering powerful and intuitive products and services. This acquisition represents a significant step forward in our commitment to building a safer digital future for all.”

    Cyber risk continues to escalate, driven by a rampant cybercriminal ecosystem and global geopolitical pressures. Combined, Sophos and Secureworks share a long history of having exceptional threat intelligence, security operations, incident response, and innovative security product capabilities that help organizations defeat these adversaries.

    “Our mission at Secureworks has always been to secure human progress. Sophos’ portfolio of leading endpoint, cloud, and network security solutions – in combination with our XDR-powered managed detection and response – is exactly what organizations are looking for to strengthen their security posture and collectively turn the tide against the adversary,” said Wendy Thomas, CEO, Secureworks. “As Joe and I both believe, this transaction will strengthen our go-to-market offering with Sophos’ global scale, expertise and reputation.”

    Transaction Details
    Under the terms of the agreement, Sophos intends to acquire Secureworks in an all-cash transaction valued at $859 million. Secureworks shareholders, including Dell Technologies (NYSE:DELL), will receive $8.50 per share in cash. This represents a 28% premium to the unaffected 90-day volume-weighted average price (VWAP). The transaction is expected to close in early 2025, subject to customary closing conditions. Additional information regarding this announcement can be found in the Form 8-K filed by Secureworks with the United States Securities and Exchange Commission (SEC) on Oct. 21, 2024.

    Kirkland & Ellis LLP is acting as legal counsel to Sophos and Goldman Sachs & Co. LLC., Barclays, BofA Securities, HSBC Securities (USA) Inc. and UBS Investment Bank are acting as financial advisors and providing debt financing for the transaction. Piper Sandler & Company and Morgan Stanley & Co. LLC are acting as financial advisors to Secureworks and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel.

    About Sophos
    Sophos is a global leader and innovator of advanced security solutions for defeating cyberattacks, including Managed Detection and Response (MDR) and incident response services and a broad portfolio of endpoint, network, email, and cloud security technologies. As one of the largest pure-play cybersecurity providers, Sophos defends more than 600,000 organizations and more than 100 million users worldwide from active adversaries, ransomware, phishing, malware, and more. Sophos’ services and products connect through the Sophos Central management console and are powered by Sophos X-Ops, the company’s cross-domain threat intelligence unit. Sophos X-Ops intelligence optimizes the entire Sophos Adaptive Cybersecurity Ecosystem, which includes a centralized data lake that leverages a rich set of open APIs available to customers, partners, developers, and other cybersecurity and information technology vendors. Sophos provides cybersecurity-as-a-service to organizations needing fully managed security solutions. Customers can also manage their cybersecurity directly with Sophos’ security operations platform or use a hybrid approach by supplementing their in-house teams with Sophos’ services, including threat hunting and remediation. Sophos sells through reseller partners and managed service providers (MSPs) worldwide. Sophos is headquartered in Oxford, U.K. More information is available at http://www.sophos.com.

    About Secureworks
    Secureworks (NASDAQ: SCWX) is a global cybersecurity leader that secures human progress with Secureworks® Taegis™, a SaaS-based, open XDR platform built on 20+ years of real-world detection data, security operations expertise, and threat intelligence and research. Taegis is embedded in the security operations of thousands of organizations around the world who use its advanced, AI-driven capabilities to detect advanced threats, streamline and collaborate on investigations, and automate the right actions.

    Connect with Secureworks via LinkedIn and Facebook or Read the Secureworks Blog

    Cautionary Statement Regarding Forward-Looking Statements

    This communication includes certain disclosures which contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to those statements related to the merger of the wholly-owned subsidiary of Sophos, Inc., a Massachusetts corporation (“Parent”) with and into SecureWorks Corp. (the “Company”), with the Company continuing as the surviving corporation and becoming a wholly-owned subsidiary of Parent (the “Merger”), including financial estimates and statements as to the expected timing, completion and effects of the Merger, including the delisting from NASDAQ and deregistration under the Exchange Act the timing of the foregoing. In most cases, you can identify these statements by forward-looking words such as “anticipate,” “believe,” “confidence,” “could,” “estimate,” “expect,” “guidance,” “intend,” “may,” “plan,” “potential,” “outlook,” “should,” and “would,” or similar words or expressions that refer to future events or outcomes. These forward-looking statements, including statements regarding the Merger, are based largely on information currently available to our management and our management’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from historical results or those expressed or implied by such forward-looking statements. Although we believe our expectations are based on reasonable estimates and assumptions, they are not guarantees of performance. There is no assurance that our expectations will occur or that our estimates or assumptions will be correct, and we caution investors and all others not to place undue reliance on such forward-looking statements.

    Important factors, risks and uncertainties that could cause actual results to differ materially from such plans, estimates or expectations include but are not limited to: (i) the completion of the Merger on the anticipated terms and timing, including obtaining regulatory approvals, and the satisfaction of other conditions to the completion of the Merger; (ii) potential litigation relating to the Merger that could be instituted against the Company or its directors, managers or officers, including the effects of any outcomes related thereto; (iii) the risk that disruptions from the Merger (including the ability of certain customers to terminate or amend contracts upon a change of control) will harm the Company’s business, including current plans and operations, including during the pendency of the Merger; (iv) the ability of the Company to retain and hire key personnel, including those with extensive information security expertise; (v) the diversion of management’s time and attention from ordinary course business operations to completion of the proposed transaction and integration matters; (vi) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Merger; (vii) legislative, regulatory and economic developments; (viii) potential business uncertainty, including changes to existing business relationships, during the pendency of the Merger that could affect the Company’s financial performance; (ix) certain restrictions during the pendency of the Merger that may impact the Company’s ability to pursue certain business opportunities or strategic transactions; (x) unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, outbreaks of war or hostilities or the COVID-19 pandemic and other public health issues, as well as management’s response to any of the aforementioned factors; (xi) the impact of inflation, rising interest rates, and global conflicts, including disruptions in European economies as a result of the Ukrainian/Russian conflict and the ongoing conflicts in the Middle East, the relationship between China and Taiwan and ongoing trade disputes between the United States and China; (xii) the possibility that the Merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xiii) the ability to obtain the necessary financing arrangements set forth in the commitment letter received in connection with the Merger; (xiv) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger, including in circumstances requiring the Company to pay a termination fee; (xv) the risk that the Company’s stock price may decline significantly if the Merger is not consummated; (xvi) there may be liabilities that are not known, probable or estimable at this time or unexpected costs, charges or expenses; (xvii) those risks and uncertainties set forth under the headings “Cautionary Note Regarding Forward Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K, as such risk factors may be amended, supplemented or superseded from time to time by other reports filed by the Company with the Securities and Exchange Commission (the “SEC”) from time to time, which are available via the SEC’s website at http://www.sec.gov; and (xviii) those risks that will be described in the information statement that will be filed with the SEC and available from the sources indicated below.

    These risks, as well as other risks associated with the Merger, will be more fully discussed in the information statement that will be filed with the SEC in connection with the Merger. There can be no assurance that the Merger will be completed, or if it is completed, that it will close within the anticipated time period. These factors should not be construed as exhaustive and should be read in conjunction with the other forward-looking statements. The forward-looking statements relate only to events as of the date on which the statements are made. The Company does not undertake to update, and expressly disclaims any obligation to update, any of its forward-looking statements, whether resulting from circumstances or events that arise after the date the statements are made, new information, or otherwise. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from what we may have expressed or implied by these forward-looking statements. We caution that you should not place undue reliance on any of our forward-looking statements. You should specifically consider the factors identified in this communication that could cause actual results to differ. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect the Company.

    Important Additional Information and Where to Find It

    This communication is being made in connection with the pending Merger. The Company plans to file an information statement on Schedule 14C for its stockholders with respect to the Merger. The information statement will be mailed to stockholders of the Company. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. STOCKHOLDERS ARE URGED TO READ THE INFORMATION STATEMENT AND ANY OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER. Stockholders will be able to obtain, free of charge, copies of such documents filed by the Company when filed with the SEC in connection with the Merger at the SEC’s website (http://www.sec.gov). In addition, the Company’s stockholders will be able to obtain, free of charge, copies of such documents filed by the Company at the Company’s website (investors.secureworks.com) or by e-mailing the Company’s Investor Relations department at investorrelations@secureworks.com. Alternatively, these documents, when available, can be obtained free of charge from the Company upon written request by mail to SecureWorks Corp., Investor Relations, One Concourse Parkway NE, Suite 500, Atlanta, Georgia 30328.

    Press Contacts
    Susie Evershed
    press@secureworks.com

    Kelly Kane
    Kelly.Kane@sophos.com

    The MIL Network –

  • MIL-OSI United Kingdom: Get ready for fun with Leeds’s first ever Festival of Play

    Source: City of Leeds

    A fun-filled week-long celebration of the magic of play is set to sweep Leeds later this month with the launch of the city’s first ever Festival of Play and Creativity.

    People of all ages are encouraged to join the city-wide celebration and let loose their playful side with an activity-packed array of events taking place this upcoming half term, from October 25 to November 3.

    From performances and interactive experiences to games and workshops, the inaugural Festival of Play and Creativity aims to showcase Leeds as a great place to play and encourage people to make more time to have fun.

    The festival has been organised by Leeds Community of Play – a network of over 100 people and organisations, including Leeds City Council and its Child Friendly Leeds initiative, committed to inspiring playfulness in neighbourhoods.

    Over 60 events are already planned for the week, which aims to highlight the city’s rich cultural landscape as well as promoting grassroots community activities, with organisers hoping it will spark ideas and enthusiasm and inspire more people to embrace the power of play.

    Highlights so far include the six-day pop-up Playful Information Centre, featuring four refurbished shipping containers at Victoria Gardens, outside Leeds Art Gallery in the city centre, where a daily line-up of different artists will host activities including a ‘Conquer the Conker’ challenge, a ‘Wheel of crisps’ game, Halloween costume-making and a hot dog race.

    The information centre will also showcase all the other playful happenings across the city, which include pumpkin carving at Kirkstall Valley Farm, Lego play with digital consultancy firm Hippo Digital, a mini gig at Brudenell Social Club and story time with Hold Fast, a bookshop on a boat.

    Elsewhere across the city, community groups including Better Leeds Communities and LS14 Trust are getting involved with activities for all, resident-led playstreets will hold activities on people’s doorsteps and Leeds Libraries are providing colourful mini playboxes at various libraries, with each box boasting six drawers full of open-ended play activities.

    Councillor Helen Hayden, Leeds City Council’s executive member for children and families, said: “Play is vital for both adults and children but we know it can often be overlooked in life’s priorities so it’s really great to see an event like this which showcases the power of play to people of all ages.

    “Last year we became the first city in England to commit to delivering an action plan optimising play opportunities for children and young people – a key element in helping everyone in Leeds to get the best start in life.

    “We have an incredible community of playmakers, artists and organisations in Leeds who all work hard to lead the way for play and this festival is a fantastic way to showcase and celebrate this on the city-wide stage and hopefully inspire people to embrace play in their day-to-day lives.”

    Rachel Ingle-Teare, senior librarian at Leeds Libraries, said: “Leeds Libraries are thrilled to be a key partner in the festival – a celebration that encourages the joy of play into the heart of our communities – and are proud to offer a variety of playful experiences.

    “The festival’s rich tapestry of events and activities are designed to ignite curiosity and encourage playful discovery for all ages. Join us in embracing the power of play and creativity across the city.”

    Festival co-organiser Joanne Michael, founder of Leeds business HappyAsABean Creative and a member of Community of Play, added: “Leeds is a city that knows how to play.

    “The Festival of Play and Creativity has been a real community effort fuelled by over 100 members of Community of Play over the last nine months – all keen to encourage people of all ages to value time spent playing and make more time for joy.”

    The Festival of Play and Creativity has a dedicated page on the Leeds Inspired website where all events are being listed; visit https://www.leedsinspired.co.uk/collection/FOP24. Many of the festival’s activities are free to attend, with some requiring pre-registration.

    The Playful Information Centre has been sponsored by Northern Bloc Ice Cream.

    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 –

  • MIL-OSI Russia: Russian-Kyrgyz negotiations

    Translation. Region: Russian Federation –

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

    From the transcript:

    M. Mishustin: Dear Akylbek Usenbekovich! Dear colleagues!

    Mikhail Mishustin with the Chairman of the Cabinet of Ministers of Kyrgyzstan – Head of the Administration of the President of Kyrgyzstan Akylbek Japarov

    October 21, 2024

    Mikhail Mishustin with the Chairman of the Cabinet of Ministers of Kyrgyzstan – Head of the Administration of the President of Kyrgyzstan Akylbek Japarov

    October 21, 2024

    Chairman of the Cabinet of Ministers of Kyrgyzstan – Head of the Administration of the President of Kyrgyzstan Akylbek Japarov

    October 21, 2024

    Mikhail Mishustin at Russian-Kyrgyz negotiations

    October 21, 2024

    Russian-Kyrgyz negotiations

    October 21, 2024

    Russian-Kyrgyz negotiations

    October 21, 2024

    Russian-Kyrgyz negotiations

    October 21, 2024

    Signing of documents following Russian-Kyrgyz negotiations

    October 21, 2024

    Signing of documents following Russian-Kyrgyz negotiations

    October 21, 2024

    Previous news Next news

    Mikhail Mishustin with the Chairman of the Cabinet of Ministers of Kyrgyzstan – Head of the Administration of the President of Kyrgyzstan Akylbek Japarov

    I am pleased to welcome you all to the Government of the Russian Federation. Your official visit is timed to coincide with the celebration of the centenary of the formation of the Kara-Kyrgyz Autonomous Region and the opening of the Days of Kyrgyz Culture in Russia.

    We, as you know, highly value our relations with Kyrgyzstan – our ally and strategic partner.

    The presidents of our countries are in constant contact. There is an intensive dialogue at all levels. This year, the respected Sadyr Nurgozhoevich Japarov has already visited the Russian Federation three times. And we, of course, are waiting for him at the BRICS summit events in Kazan this week.

    You and I, dear Akylbek Usenbekovich, also maintain regular communication. We work along the lines of the Eurasian Economic Union, the Commonwealth of Independent States. Just last week we participated together in the SCO summit in Pakistan, in Islamabad.

    Our Intergovernmental Russian-Kyrgyz Commission on Trade, Economic, Scientific, Technical and Humanitarian Cooperation, headed by Alexey Logvinovich Overchuk on the Russian side, is also working successfully. It is very pleasant that you are personally involved in all issues. Its latest meeting was held in July, simultaneously with the Russian-Kyrgyz Interregional Conference.

    Russia and Kyrgyzstan have great potential for increasing cooperation. First of all – we also discussed this with you – in the financial sector, industry, agriculture, energy, transport, and also in the field of digital technologies. And we just talked about this in detail today, dear Akylbek Usenbekovich.

    Our trade cooperation is developing at a good pace. In the first eight months of this year, trade turnover has grown by 16%. The share of the ruble in mutual settlements has reached almost 90%. And we, of course, would like to maintain this trend in order to ensure stable and predictable conditions for doing business.

    Our country makes a significant contribution to strengthening the energy security of your republic. At the St. Petersburg Economic Forum in June, long-term contracts were signed for the supply of Russian natural gas to the northern and southern regions of your country.

    The creation of a low-power nuclear power plant based on a Russian project and the construction of solar power plants are also being discussed. An industrial cluster for the production of components necessary for such modules is also being formed.

    Of course, our cooperation is not limited to the economic agenda.

    We pay special attention to humanitarian ties. This is the foundation for strengthening friendly, good-neighborly and truly fraternal relations between our peoples.

    At the end of August, the Kyrgyz-Russian Fair of Innovative Solutions in Education was held. More than 150 representatives of leading Russian institutions in this area took part in it. It was possible to discuss in detail the mechanisms for developing scientific and technical creativity of schoolchildren, the specifics of working with talented children.

    Kyrgyz youth are interested, which pleases us, in studying in Russia. About 16 thousand Kyrgyz students study in our country. Other popular projects are also being implemented.

    We have an extensive bilateral agenda. I am ready to discuss all the issues that exist today.

    It is with pleasure that I give you the floor, dear Akylbek Usenbekovich.

    Please.

    A. Zhaparov: Dear Mikhail Vladimirovich! Dear colleagues and friends!

    To be continued…

    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.

    http://government.ru/nevs/53063/

    MIL OSI Russia News –