NewzIntel.com

Category: Europe

  • MIL-OSI: NNIT A/S: ATP choses NNIT as new supplier of business-critical SAP system

    Source: GlobeNewswire (MIL-OSI)

    As referred to in the Company Announcement 05/2024, Interim Financial Report Q2 2024 on August 26, NNIT was close to signing a large important strategic contract. NNIT has entered into a contract with ATP (Udbetaling Danmark) for the delivery of their critical SAP Debtor system. Udbetaling Danmark is the authority responsible for the collection, disbursement, and control of a number of public benefits. – e.g., state pension and housing benefits.

    The contract will initially run for six years with the possibility to extend twice for a two-year period. The contract was tendered by ATP at an estimated value of DKK 240 million incl. options, ad hoc solutions made to order and infrastructure operations to be delivered by a subcontractor.

    Kasper Søndergaard Andersen, Senior Vice President of Region Denmark, says “We are exceedingly pleased to have won the project for the delivery of ATP’s Debtor system. Public digitalization is a strategic focus area in NNIT, and we are energized by the significant task of ensuring the continued welfare in Denmark. With this Debtor delivery, we are building on our long-standing relationship with ATP, and we will also have the opportunity to bring our recently fortified SAP business to the table and begin the substantial task of modernizing SAP”.

    The contract has no implications for NNIT’s financial guidance for the full-year of 2024.

    For more information, please contact:

    Investor Relations
    Carsten Ringius
    EVP & CFO
    Tel: +45 3077 8888
    carr@nnit.com

    Media Relations
    Tina Joanne Hindsbo
    Media Relations Manager
    Tel: +45 3077 9578
    tnjh@nnit.com

    ABOUT NNIT

    NNIT is a leading provider of IT solutions to life sciences internationally, and to the public and private sectors in Denmark.

    We focus on high complexity industries and thrive in environments where regulatory demands and complexity are high.

    We advise on and build sustainable digital solutions that work for the patients, citizens, employees, end users or customers.

    We strive to build unmatched excellence in the industries we serve, and we use our domain expertise to represent a business first approach – strongly supported by a selection of partner technologies, but always driven by business needs rather than technology.

    NNIT consists of group company NNIT A/S and subsidiaries SCALES, Excellis Health Solutions and SL Controls. Together, these companies employ more than 1,700 people in Europe, Asia and USA. Read more at http://www.nnit.com.

    Attachment

    The MIL Network –

  • MIL-OSI Economics: Significant decrease in the IIP

    Source: Danmarks Nationalbank

    Denmark’s foreign assets

    Statistics period: 2nd quarter 2024

    Then international investment position (IIP) fell by kr. 480 billion to kr. 958 billion in the first half of 2024 and now amounts to 34 per cent of GDP. The IIP is the value of Danish investments abroad (the assets) minus the value of foreign investments in Denmark (the liabilities). The fall in the IIP reflects that the value of liabilities increased more than the value of assets. Liabilities increased primarily due to price increases on Danish shares owned by foreigners, including especially shares in Novo Nordisk. Price increases meant that the value of foreign investors’ shares in Novo Nordisk increased by kr. 834 billion in the first half of 2024, which reduced the IIP correspondingly. Assets also increased, especially due to price increases on foreign shares owned by Danish investors. Price and foreign exchange rate changes will typically level out in the long term, with the development of the IIP primarily driven by balance of payments surpluses. That surplus was kr. 158 billion in the first half of the year and is a measure for Denmark’s savings abroad.

    [chart title]

    Note:

    The change in the IIP from price changes on Novo Nordisk shares, other Danish listed shares, and foreign listed shares. The balance of payments is the surplus on the balance of payment current account. “Other” includes changes in the IIP from other price changes, foreign exchange rate changes, and other quantitative changes from revisions etc. Find chart data in the Statbank.

    MIL OSI Economics –

  • MIL-OSI Translation: 500 Years of the Three Leagues Free State – Learning Setting “In the Footsteps of the Three Leagues”

    MIL OSI Translation. Region: Italy –

    Source: Switzerland – Canton Government of Grisons in Italian

    On the occasion of the anniversary of “500 years of the Three Leagues Free State”, the Office for Popular Education and Sports has developed a learning concept for the new teaching medium “Grisons at a Glance”. The learning concept entitled “In the Footsteps of the Three Leagues” promotes historical awareness among pupils and is available in digital format in all eight languages of schooling.

    History surrounds us and the past leaves traces that reach the present. For the Canton of Grisons, it is very important to pass on its history and culture. Before Grisons became part of the Helvetic Republic, the Three Leagues laid the foundations for today’s Canton with its borders, culture and linguistic diversity.

    In collaboration with the publishing house «Schulverlag plus», the Office for Popular Education and Sports has designed and developed a digital learning approach on the Free State of the Three Leagues. This learning approach is available to teachers as well as pupils in the form of entertaining and informative teaching units. Starting with the 500th anniversary celebrations, pupils engage with the history of the Canton of Graubünden and follow in the footsteps of the Three Leagues, exploring various questions about the origin and development of the Canton. Among other things, they discuss what happened in 1524, why there is talk of a Free State and why this alliance was signed. With the fictional story of Maurizio, Bertilla and Jovin address historical questions about the origins of the Canton, analysing various sources.

    In digital format and in eight school languages«Colpo d’occhio Grigioni» is a digital teaching aid for the subject nature, human beings, society (NEUS) for the second cycle and takes into account the specific regional requirements of the Study Plan 21 Grigioni. Both the teaching aid and the learning approach «In the footsteps of the Three Leagues» have been published in the eight school languages: German, Sursilvan, Sutsilvan, Surmiran, Puter, Vallader, Rumantsch Grischun and Italian.

    Further jubilee activities and projectsThe numerous projects and activities in all language regions can be found at https://500.gr.ch.

    Attached images:

    Web view learning settingExample of illustration of educational content

    Contact persons:

    Questions about the 500th anniversary celebrations:

    Prime Minister Dr. Jon Domenic Parolini, Director of the Department of Education, Culture and Environmental Protection, Tel. 41 81 257 27 01, e-mailJondomenic.Parolini@ekud.gr.ch
    Daniel Camenisch, project manager “500 years of the Three Leagues Free State”, tel. 41 78 659 63 60 (reachable between 10:00 and 12:00), e-mailcamenisch@vinavant.ch

    Questions about learning setup:

    Josy Marie Künzler, Project Manager, Teaching Materials Service, Office for Popular Education and Sports, Tel. 41 81 257 22 61 (reachable from 10:00 to 12:00), e-mailJosy.Kuenzler@avs.gr.ch

    Competent body: Department of Education, Culture and Environmental Protection

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

    MIL Translation OSI

  • MIL-OSI Translation: Large salary disparities among cultural workers

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Department of Foreign Affairs in French

    Federal Statistical Office

    Neuchâtel, 30.09.2024 – Half of cultural workers have a part-time job, 14% have several jobs and a good quarter are self-employed. This is significantly more than in the economy as a whole. In Switzerland, full-time cultural workers earned a median salary of 69,600 francs in 2023, while their part-time colleagues earned 45,700 francs. In this area, a significant gender disparity can be noted: for a full-time position, a woman earned 78,000 francs while a man earned 98,000 francs. These are some of the recent results of the cultural economy statistics of the Federal Statistical Office (FSO), which contain, for the first time, detailed data on salaries.

    You will find this press release and further information on this topic on the OFS website (see link below)

    Address for sending questions

    Olivier Moeschler, OFS, Politics, Culture and Media section, tel.: 41 58 463 69 67, e-mail: poku@bfs.admin.ch

    Author

    Federal Statistical Officehttp://www.statistique.admin.ch

    Social sharing

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

    MIL Translation OSI

  • MIL-OSI Russia: Young scientists from the State University of Management completed an internship at the largest agricultural holding in Russia

    MILES AXLE Translation. Region: Russian Federation –

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

    From September 23 to 27, employees of the State University of Management – technician of the Reverse Engineering Laboratory Dmitry Taldykin and specialist of the Business Incubator Artem Podgorny – completed an internship in the Krasnodar cluster of the largest agricultural holding in Russia “STEPPE” as part of the flagship educational project of the Charitable Foundation “Sistema” “Lift to the Future”.

    The internship allowed young specialists to immerse themselves in the production processes of the agricultural holding, become familiar with advanced technologies in the field of agricultural mechanization and collect the necessary theoretical and methodological base for conducting scientific research.

    The GUU employees studied the design of modern harvesting combines and took part in the harvesting of agricultural crops, gaining practical experience working with high-tech equipment. In addition, young scientists tested and adjusted a self-propelled sprayer, studying the operating principles of modern precision tillage systems.

    Special attention was paid to the processes of mechanized harvesting, sorting, packaging and storage conditions of products, including temperature and humidity control to ensure long-term preservation of freshness of vegetables and fruits. In addition, the university representatives visited the machine and tractor station for technical maintenance and repair of equipment and the central warehouse of spare parts, which allowed them to assess the scale of the agroholding’s activities and see with their own eyes the process of technical maintenance of the machine and tractor fleet.

    On the final day of the internship, the young scientists visited the head office of the STEPPE agroholding in Rostov-on-Don, where they were told about the work of unmanned aerial vehicles used for spot irrigation of gardens. The GUU employees studied the methods of setting up UAV geolocation and got acquainted with the software used to automate the irrigation process in order to save water resources in the conditions of intensive gardening.

    The head and curator of the practice was the head of the service station of the agroholding “STEPPE” Ivan Bulgakov. With his active participation, demonstration tests were organized, during which young scientists of the State University of Management not only got acquainted with the advanced equipment of the agroholding, but also had the opportunity to see the work of the latest agricultural machinery in real conditions.

    The State University of Management expresses gratitude to the Sistema Charitable Foundation and personally to the President of the Foundation Larisa Pastukhova for organizing the internship at the STEPPE agroholding. The theoretical and practical knowledge gained in the field of agricultural mechanization will help young specialists of the State University of Management in their future professional and scientific activities.

    Subscribe to the TG channel “Our GUU” Date of publication: 09/30/2024

    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.

    Young scientists from the State University of Management completed an internship at the largest agricultural holding in Russia

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

    MIL OSI Russia News –

  • MIL-OSI: Change to the Executive Management Committee

    Source: GlobeNewswire (MIL-OSI)

    30 September 2024 | SAINT HELIER, Jersey – CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), Europe’s leading alternative asset manager specialising in digital assets, today announced changes in the composition of the Executive Management Committee.

    Graeme Dickson, Group General Counsel, has resigned to pursue other opportunities and as a result, has been removed from the Executive Management team of the Company with effect from the date of this announcement.

    The Chief Executive Officer, supported by the wider Executive Management team, will carefully consider the options for a successor and will provide further details to the market, when available.

    About CoinShares

    CoinShares is Europe’s leading alternative asset manager specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority.  CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    The MIL Network –

  • MIL-OSI: Nokia deployments with majority of world’s largest IXPs reflect push for scale, reliability and automation

    Source: GlobeNewswire (MIL-OSI)

    Press release
    Nokia deployments with majority of world’s largest IXPs reflect push for scale, reliability and automation

    • Six of the world’s 10 largest IXPs have deployed Nokia networking infrastructure and cumulatively carry close to 45 Tbps of traffic during peak times
    • Performance at scale, security and AI-enhanced operations of Nokia IP, optical and DDoS solutions support buildouts of massive cloud networks
    • Stunning growth of regional clouds driven by unprecedented latency, security and bandwidth pressures as global digital economy flourishes

    30 Sept 2024
    Espoo, Finland: Nokia today reaffirmed its leadership and commitment to the global Internet Exchange market as it continues to work with more than 20 Internet Exchange Providers (IXPs), including six of the world’s 10 largest based on both peak traffic and number of members. As the local interconnection points for more than 5,000 member organizations, these six IXPs cumulatively transport close to 45 Tbps of traffic during peak times – a figure that’s set to grow as the Equinix Global Interconnection Index (GXI) 2024 predicts a stunning 34% five-year CAGR in interconnection bandwidth.

    The expanding digital economy, proliferation of edge compute, and anticipated move of latency-sensitive AI models to regional clouds for local consumption are contributing to the need for what the GXI calls an Interconnection Oriented Architecture® (IOA). According to the GXI 2024 report, “The economics of data, density, velocity and experience demand localized exchange to move the highest volumes of data with the lowest latency to dense clusters of participants and population centers.”

    Built to handle these current and future pressures, the characteristics of the Nokia IP, optical and security solutions align to those identified in the IOA and are central to why the Nokia portfolio has increasingly become the dominant choice of leading IXPs.

    The Nokia FP5 800GE technology, deployed by leading European IXPs including Germany’s DE-CIX and the Netherlands’ NL-ix , provides the fastest possible performance in the industry and is realizing dramatic sustainability gains. Since deploying this technology, NL-ix has shown a reduction in power consumption from 0.8 watts to 0.1 watts per gigabit in parts of its network.

    Thomas King, CTO at DE-CIX, said: “Nokia’s 800GE technology gives us the considerable runway needed to address future traffic growth in a cost- and energy-efficient way. 800GE optics consume the least amount of space and power per bit, and at the same time it provides the most headroom for traffic peaks of the future.”

    Nokia has also played a leadership role in the standardization of Ethernet Virtual Private Networks (EVPNs). With industry-leading functionality and scalability, the SROS implementation of EVPN provides IXPs an ideal toolset to manage the increase in traffic. When Telehouse America selected Nokia to upgrade its NYIIX peering exchange infrastructure in the US, it deployed the Nokia EVPN solution to resolve multiple technical challenges.

    Akio Sugeno, Vice President of Telehouse and founder of NYIIX, said: “EVPN is a game changer for us. It is a next-generation VPN solution that provides a unified architecture, in both the control and data planes, and solved many of our requirements. With our new EVPN implementation from Nokia we police and control broadcast, unknown-unicast and multicast traffic entering our network while also rate-limiting ARP requests, so they do not flood our network. With this same protocol, we are also able to implement load balancing techniques between our edge and the customer’s network to increase resiliency and network availability. Finally, with EVPN’s auto-configuration capabilities we can simplify operational complexity across the entire lifecycle of our VPNs.”

    Additionally, the virulent rise in cybercrime has made anti-DDoS solutions critical. Nokia partnered with NL-ix for an industry-first deployment of an anti-DDoS solution that performs mitigation directly on the router, avoiding dedicated scrubbing centers that would push up transport costs and impact latency. Nokia’s AI-enhanced Deepfield Defender actively detects DDoS attacks and then instructs Nokia’s FP5 silicon to block those packet flows without any impact on other router traffic.

    Jan Hoogenboom, Founder and Chief Vision Officer at NL-ix, said: “With this innovative anti-DDoS solution from Nokia we can provide our customers with security across their entire area of operations as we pursue our goal of zero enterprise downtime. We are now a one-stop-shop for Europe-wide connectivity and security, saving our customers the hassle of working with multiple parties or making complex arrangements to be protected by a third party.”

    Vach Kompella, Senior Vice President and General Manager of IP Networks business at Nokia, said: “As the nerve centers of the Internet, the world’s largest IXPs are host to every type of traffic and customer, and in response they have reset expectations around networking innovation – driving the highest levels of uptime, reliability and security with Nokia solutions. We are proud to be the leading provider of networking infrastructure solutions for these critical organizations.”  

    Nokia has won contracts with 23 IXPs, and has publicly announced wins with Telehouse NYIIX, NL-ix, LINX, LINX NoVa, BIX, DE-CIX, France-ix, ESpanix, LINX Nairobi, TOP-ix and TREX.

    Resources and additional information 
    Webpage: 7750 Service Router | Nokia
    Webpage: FP5 network processor | Nokia
    Webpage: Optical networks | Nokia
    Webpage: Deepfield Defender | Nokia

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

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

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

    # # #

    Media inquiries
    Nokia, Corporate Communications
    Email: Press.Services@nokia.com

    Follow us on social media

    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI: Internet exchange giant NIC.br selects Nokia to boost internet connectivity in Brazil

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Internet exchange giant NIC.br selects Nokia to boost internet connectivity in Brazil

    • Largest Internet Exchange Provider (IXP) in the world upgrading network to manage skyrocketing internet and traffic growth over next five years
    • NIC.br to scale network capacity, improve resiliency and increase automation, resulting in more advanced services for customers
    • Nokia to deploy IP routing technology, designed to handle world’s most demanding traffic environments, supporting Ethernet VPN (EVPN) services and 400/800G interfaces

    30 September 2024

    Espoo, Finland – Nokia announced it has been selected by the Brazilian Network Information Center (NIC.br), the largest IXP operator in the world, to increase the performance and reliability of Brazil’s internet infrastructure. Nokia’s cutting-edge IP routing solutions will support NIC.br’s mission of interconnecting the Brazilian Internet ecosystem and enable its expansion and reliability. The network upgrade comes as the country faces massive internet data traffic growth that is expected to reach 218.5 million users and over 50 terabits per second (Tb/s) in the next five years.

    NIC.br is responsible for, among several initiatives, registering and maintaining .br domain, as well as operating the Brazilian Internet Exchange (IX.br), which connects more than 3,500 Autonomous Systems (AS) and facilitates data traffic among internet service providers, content providers, hosting services, hyperscalers and other network operators. With Nokia’s IP routing technology, NIC.br is able to scale up its network capacity, improve its resiliency and availability, and vastly improve automation, resulting in a better customer experience.

    NIC.br will replace part of its existing technology with the Nokia 7250 Interconnect Router (IXR) and 7750 Service Router (SR) which support EVPN services and 400/800G interfaces. Nokia is an industry leader in standardizing and expanding the EVPN protocol. EVPN is a next-gen VPN solution that provides a unified architecture, in both the control and data planes, and supports a broad range of carrier and business VPN services and network infrastructures. EVPN delivers a variety of benefits to service providers and their customers, including greater network efficiency, reliability, scalability, and simplifies infrastructures with advanced automation.

    Julio Sirota, IX.br Infrastructure Manager at NIC.br, said: “Nokia is a trusted and strategic partner for us, as they have proven their ability to deliver state-of-the-art network solutions that match our needs and expectations. By upgrading our network infrastructure with Nokia’s routing platforms, we will be able to provide faster and more reliable internet connectivity for our customers and partners, as well as foster the development of new applications and services that will benefit the entire Brazilian society.”

    Vach Kompella, Senior Vice President and General Manager of IP Networks business at Nokia, said: “Internet exchange giants like IX.br from NIC.br are on the front lines for managing unrelenting internet and data traffic growth spurred by hyperscalers, ISPs, content providers and network operators. Keeping up with Brazil’s skyrocketing growth means increases in network capacity, reliability, and automation are critical to NIC.br’s network upgrade. Nokia’s routing solutions are designed to handle the world’s most demanding traffic environments and enable the delivery of high-quality services, like EVPN. We are delighted to work with NIC.br to help them scale, connect and empower the Brazilian internet ecosystem.”

    Resources and additional information
    Webpage: Nokia 7250 Interconnect Router
    Webpage: Nokia 7750 Service Router
    Webpage: Nokia Ethernet VPN

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

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

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

    About the Brazilian Network Information Center – NIC.br

    The Brazilian Network Information Center – NIC.br (https://nic.br/) is a non-profit entity that is in charge of the operations related to the .br domain, as well as the allocation of IP numbers and the registration of autonomous systems in the country. NIC.br has been implementing decisions and projects of the Brazilian Internet Steering Committee – CGI.br since 2005. All the funds that are collected come from its entirely private activities. It takes actions and conducts projects that are of benefit to the infrastructure of the Internet in Brazil. Also part of NIC.br are: Registro.br (https://registro.br), CERT.br (https://cert.br/), Ceptro.br (https://ceptro.br/), Cetic.br (https://cetic.br/), IX.br (https://ix.br/), and Ceweb.br (https://ceweb.br), in addition to projects like Internetsegura.br (https://internetsegura.br) and the portal Best Practices for the Internet in Brazil (https://bcp.nic.br/). It also houses the office of the W3C Chapter São Paulo (https://w3c.br/).

    Media inquiries

    Nokia Communications
    Email: Press.Services@nokia.com

    NIC.br Communications
    imprensanic@webershandwick.com

    Follow Nokia on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI Europe: Third Meeting of the Interagency Steering Committee on Combating Cybercrime in Kazakhstan

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

    Headline: Third Meeting of the Interagency Steering Committee on Combating Cybercrime in Kazakhstan

    Third Meeting of the Interagency Steering Committee on Combating Cybercrime in Kazakhstan, Astana, 18 September 2024 (OSCE/Akbota Sarzhanova) Photo details

    On 18 September 2024, the OSCE Programme Office in Astana held the third and final meeting of the Interagency Steering Committee on the development of Kazakhstan’s first Comprehensive Action Plan to Counter Cybercrimes and Crimes using Information and Communication Technologies for 2025-2029 (hereinafter, Action Plan). The initiative is part of the extrabudgetary project “Supporting the Republic of Kazakhstan in the Development of Effective Policies to Counter Cybercrimes (Phase I)”, implemented by the Office in co-operation with the Ministry of Interior of Kazakhstan, and with the support of the Presidential Administration of Kazakhstan.
    The meeting brought together over 80 representatives from law enforcement and government agencies, including representatives from 20 police departments, leading national and international experts in combating cybercrime, as well as representatives from the private sector. Discussions focused on finalizing the draft of the Action Plan, refining the plan’s activities, and determining the methods and timelines for implementation.
    Dr. Volker Frobarth, Head of the OSCE Programme Office in Astana, addressed the meeting, stating, “I would like to extend my gratitude to our key partner, the Ministry of Interior. Your staff are on the front lines of the daily fight against cybercrime. We recognize the significant challenges they face in investigating these crimes and bringing offenders to justice. Rest assured, both as an organization and as the Office, we are committed to providing full support to your Ministry in advancing initiatives aimed at combating cybercrime.”
    This expert-level meeting builds on the progress made during the first and second meetings in this format, where participants reviewed key findings and recommendations for improving the country’s ability to combat cybercrime, based on the analysis of the current situation in Kazakhstan and the international experience of OSCE and OECD countries in effectively combating cybercrime. Special attention was paid to discussing mechanisms and methods to increase the effectiveness of countering new challenges and threats, improving the cybercrime prevention system, and ensuring respect for human rights and freedoms throughout the project’s implementation.
    Deputy  Minister of the Interior, Aidos Rysbaev, noted the importance of this collaborative effort, stating, “Since last year, we have launched a joint initiative with the OSCE Programme Office in Astana and other government agencies to develop effective policies for combating cybercrime. The Interagency Steering Committee has been established under the Ministry of Interior, and a draft Action Plan is already in place.”
    A key outcome of the meeting was the recognition of the need to strengthen and expand international co-operation, establish mechanisms for interagency interaction, and enhance partnerships within a “whole-of-society” approach, thereby improving the effectiveness of identifying, investigating, preventing, and mitigating cybercrimes.
    The extrabudgetary project is supported by the governments of the Federal Republic of Germany and the Kingdom of Norway, and aligns with Kazakhstan’s ongoing efforts to join the Budapest Convention on Cybercrime. As Kazakhstan advances its cybercrime policies, the Action Plan will serve as a vital roadmap, ensuring the country is well-equipped to navigate the escalating challenges of the digital age.

    MIL OSI Europe News –

  • MIL-OSI Germany: Germany’s international investment position at the end of 2023

    Source: Deutsche Bundesbank in English

    At the end of 2023, Germany’s net external assets totalled €2,964 billion, thus amounting to just over 70% of Germany’s nominal gross domestic product (GDP). Overall, both assets and liabilities vis-à-vis non-residents rose further in 2023. This was especially true of claims and liabilities from cross-border portfolio investment. However, corporate ties resulting from direct investment by German investors also continued to expand in 2023. By contrast, both assets and liabilities from other investment declined. These include loans and trade credits (where these do not constitute direct investment) as well as currency and deposits. However, as German liabilities in this segment fell even more sharply than claims in 2023, the other investment balance also rose. In net terms, Germany’s net external assets at the end of 2023 were €206 billion higher than at the end of 2022. This increase was attributable in large part to the surplus on the German current account and the resulting net capital exports.
    Net external assets rise on the year once again
    At the end of 2023, Germany’s net external assets stood at €2,964 billion. This was slightly more than 70 % of nominal gross domestic product and meant that this ratio remained virtually unchanged on the year. In 2023, the German net external asset position rose by around €206 billion in absolute terms. Claims on non-residents were up on the year by €381 billion (or 3.1 %) to €12,579 billion; liabilities rose by €175 billion (or 1.9%) to €9,616 billion. Claims mainly reflected transaction-related changes, i.e. asset purchases, as well as positive market price effects. The exchange rate effect, meanwhile, was negative: as the euro effectively appreciated against the currencies of its most important trading partners over the course of the year,[1] the value, in euro terms, of German assets abroad tended to drop where they were reported in a foreign currency. Other non-transaction-related adjustments had a positive impact on Germany’s external assets.[2] The rise in German foreign liabilities was mainly attributable to market price effects, which predominantly occurred around year-end, driven by a more favourable inflation outlook and expectations of falling key interest rates.
    The cross-border transactions recorded in the financial account resulted in net capital exports of €250 billion last year, in line with Germany’s current account surplus. Non-transaction-related changes reduced the increase by €44 billion, however. On balance, negative market price and exchange rate effects were contributory factors. Other adjustments made a positive overall contribution to Germany’s external position.
    Surplus in portfolio investment slightly higher than in 2022
    At €807 billion, the portfolio investment balance at the end of 2023 was around €23 billion higher than in the previous year. Securities claims on non-residents slightly outpaced the corresponding liabilities.[3]
    At the end of 2023, resident investors held foreign securities totalling €4,004 billion, up by €392 billion (or 10.9 %) on the previous year. The rise was mainly the result of net purchases of foreign bonds and positive market price effects. The relative strength of the euro, meanwhile, caused mostly negative exchange rate effects on the assets side. Alongside foreign bonds, resident investors also bought foreign investment fund shares and money market papers. However, they sold foreign shares – in small amounts.
    At the end of 2023, non-resident investors held German securities to the tune of €3,197 billion in their portfolios, which was €369 billion (or 13.1 %) more than at the end of 2022. This was mainly the result of positive market price effects, especially in relation to shares and long-term debt securities. Transactions recorded in the financial account also contributed to the build-up of holdings. On balance, non-resident investors almost exclusively bought German long-term debt securities, as well as, to a lesser extent, short-term debt securities. By contrast, they were net sellers of German shares and investment fund shares.
    Drop in the positive balance for financial derivatives
    At the end of 2023, holdings of financial derivatives and employee stock options registered a positive balance of €27 billion. This was, however, only slightly more than half the size of the previous year’s balance. In 2022, Russia’s war of aggression against Ukraine had triggered severe disruptions in the energy markets and caused considerable net capital exports in forward and futures contracts relating to electricity and gas.
    Further expansion in direct investment
    Cross-border corporate ties involving German firms continued to expand in 2023. German outward direct investment was up on the year by a total of €85 billion (3.0 %) to €2,929 billion, an increase that was, on balance, exclusively attributable to transactions. In particular, German investors boosted their equity capital in enterprises abroad, but also issued additional loans to affiliated group entities. The effective appreciation of the euro meant that exchange rate effects had a negative impact on Germany’s outward foreign direct investment stocks. These valuation losses were, however, largely offset by positive other adjustments and slightly positive market price effects. 
    Non-resident enterprises increased their direct investment in Germany by €26 billion (1.3 %) to €1,995 billion in 2023, with transactions accounting for just over two-thirds of this total. Non-resident investors augmented their equity capital in German enterprises but reduced their intra-group lending to domestic enterprises. 
    On balance, Germany’s direct investment balance at the end of 2023 amounted to around €933 billion and was therefore €59 billion higher than at year-end 2022.
    Other investment: net claims higher
    In other investment, comprising loans and trade credits (where these do not constitute direct investment) as well as currency and deposits amongst others, Germany’s positive net asset position rose by €133 billion on the year, bringing it up to €905 billion at the end of 2023. The Bundesbank’s external claims in this segment fell by €174 billion, which was, on balance, exclusively attributable to the Bundesbank’s lower TARGET balance vis-à-vis the ECB.[4] At the same time, the Bundesbank’s external liabilities in other investment declined, as non-euro area counterparties reduced their deposits with the Bank. On balance, the Bundesbank’s net external position in other investment sank by €33 billion. Monetary financial institutions (excluding the central bank) granted additional loans to non-residents and expanded their holdings of currency and deposits. In both segments, negative valuation effects as a result of exchange rate changes reduced the overall effect on outstanding claims, which rose by €19 billion on balance. Non-residents’ deposits with German monetary financial institutions (excluding the Bundesbank) came down by €65 billion. Overall, the balance of monetary financial institutions (excluding the central bank) in other investment rose by €84 billion last year. General government also recorded a rise in its net claims, by €9 billion, in 2023. By contrast, other investment by enterprises and households swelled by €73 billion on balance. At the end of 2023, claims on non-residents arising from other investment had dropped by €17 billion, or 0.4 %, to €3,867 billion across all sectors. External liabilities fell even more sharply; they stood at €2,963 billion at year-end 2023, down €150 billion, or 4.8 %, on the year. 
    Increase in reserve assets
    The Bundesbank’s reserve assets amounted to €292 billion at the end of 2023 and were therefore up by €16 billion on the previous year. They grew only marginally by €1 billion as a result of transactions. Reserve asset holdings increased on the back of positive market price effects, in particular (€18 billion), with the rise in the price of gold dominating. Taken in isolation, the appreciation of the euro against the US dollar and other important currencies brought the value of reserve assets down by €3 billion.
    uncollectable credit claims, changes in sector classifications, changes in the functional category of a financing instrument, as well as statistical discrepancies between the international investment position and the balance of payments due to differing data sources, for example.
    Footnotes:
    The fact that the Eurosystem raised key interest rates was also a factor. 
    Non-transaction-related changes include valuation effects as a result of exchange rate or market price movements and other adjustments. Other adjustments include, for instance, write-downs on uncollectable credit claims, changes in sector classifications, changes in the functional category of a financing instrument, as well as statistical discrepancies between the international investment position and the balance of payments due to differing data sources, for example.
    For more information on transactions in portfolio investment, see Deutsche Bundesbank, German balance of payments in 2023, Monthly Report, March 2024.
    The Bundesbank’s TARGET claims on the ECB dropped by €176 billion in 2023. That was attributable, amongst other things, to the fact that payments from maturing securities under the asset purchase programme (APP) were no longer being reinvested in full. Reinvestments under the APP were discontinued as of July 2023. See Deutsche Bundesbank, German balance of payments in 2023, Monthly Report, March 2024.

    MIL OSI

    MIL OSI German News –

  • MIL-OSI Europe: Germany’s international investment position at the end of 2023

    Source: Deutsche Bundesbank in English

    At the end of 2023, Germany’s net external assets totalled €2,964 billion, thus amounting to just over 70% of Germany’s nominal gross domestic product (GDP). Overall, both assets and liabilities vis-à-vis non-residents rose further in 2023. This was especially true of claims and liabilities from cross-border portfolio investment. However, corporate ties resulting from direct investment by German investors also continued to expand in 2023. By contrast, both assets and liabilities from other investment declined. These include loans and trade credits (where these do not constitute direct investment) as well as currency and deposits. However, as German liabilities in this segment fell even more sharply than claims in 2023, the other investment balance also rose. In net terms, Germany’s net external assets at the end of 2023 were €206 billion higher than at the end of 2022. This increase was attributable in large part to the surplus on the German current account and the resulting net capital exports.
    Net external assets rise on the year once again
    At the end of 2023, Germany’s net external assets stood at €2,964 billion. This was slightly more than 70 % of nominal gross domestic product and meant that this ratio remained virtually unchanged on the year. In 2023, the German net external asset position rose by around €206 billion in absolute terms. Claims on non-residents were up on the year by €381 billion (or 3.1 %) to €12,579 billion; liabilities rose by €175 billion (or 1.9%) to €9,616 billion. Claims mainly reflected transaction-related changes, i.e. asset purchases, as well as positive market price effects. The exchange rate effect, meanwhile, was negative: as the euro effectively appreciated against the currencies of its most important trading partners over the course of the year,[1] the value, in euro terms, of German assets abroad tended to drop where they were reported in a foreign currency. Other non-transaction-related adjustments had a positive impact on Germany’s external assets.[2] The rise in German foreign liabilities was mainly attributable to market price effects, which predominantly occurred around year-end, driven by a more favourable inflation outlook and expectations of falling key interest rates.
    The cross-border transactions recorded in the financial account resulted in net capital exports of €250 billion last year, in line with Germany’s current account surplus. Non-transaction-related changes reduced the increase by €44 billion, however. On balance, negative market price and exchange rate effects were contributory factors. Other adjustments made a positive overall contribution to Germany’s external position.
    Surplus in portfolio investment slightly higher than in 2022
    At €807 billion, the portfolio investment balance at the end of 2023 was around €23 billion higher than in the previous year. Securities claims on non-residents slightly outpaced the corresponding liabilities.[3]
    At the end of 2023, resident investors held foreign securities totalling €4,004 billion, up by €392 billion (or 10.9 %) on the previous year. The rise was mainly the result of net purchases of foreign bonds and positive market price effects. The relative strength of the euro, meanwhile, caused mostly negative exchange rate effects on the assets side. Alongside foreign bonds, resident investors also bought foreign investment fund shares and money market papers. However, they sold foreign shares – in small amounts.
    At the end of 2023, non-resident investors held German securities to the tune of €3,197 billion in their portfolios, which was €369 billion (or 13.1 %) more than at the end of 2022. This was mainly the result of positive market price effects, especially in relation to shares and long-term debt securities. Transactions recorded in the financial account also contributed to the build-up of holdings. On balance, non-resident investors almost exclusively bought German long-term debt securities, as well as, to a lesser extent, short-term debt securities. By contrast, they were net sellers of German shares and investment fund shares.
    Drop in the positive balance for financial derivatives
    At the end of 2023, holdings of financial derivatives and employee stock options registered a positive balance of €27 billion. This was, however, only slightly more than half the size of the previous year’s balance. In 2022, Russia’s war of aggression against Ukraine had triggered severe disruptions in the energy markets and caused considerable net capital exports in forward and futures contracts relating to electricity and gas.
    Further expansion in direct investment
    Cross-border corporate ties involving German firms continued to expand in 2023. German outward direct investment was up on the year by a total of €85 billion (3.0 %) to €2,929 billion, an increase that was, on balance, exclusively attributable to transactions. In particular, German investors boosted their equity capital in enterprises abroad, but also issued additional loans to affiliated group entities. The effective appreciation of the euro meant that exchange rate effects had a negative impact on Germany’s outward foreign direct investment stocks. These valuation losses were, however, largely offset by positive other adjustments and slightly positive market price effects. 
    Non-resident enterprises increased their direct investment in Germany by €26 billion (1.3 %) to €1,995 billion in 2023, with transactions accounting for just over two-thirds of this total. Non-resident investors augmented their equity capital in German enterprises but reduced their intra-group lending to domestic enterprises. 
    On balance, Germany’s direct investment balance at the end of 2023 amounted to around €933 billion and was therefore €59 billion higher than at year-end 2022.
    Other investment: net claims higher
    In other investment, comprising loans and trade credits (where these do not constitute direct investment) as well as currency and deposits amongst others, Germany’s positive net asset position rose by €133 billion on the year, bringing it up to €905 billion at the end of 2023. The Bundesbank’s external claims in this segment fell by €174 billion, which was, on balance, exclusively attributable to the Bundesbank’s lower TARGET balance vis-à-vis the ECB.[4] At the same time, the Bundesbank’s external liabilities in other investment declined, as non-euro area counterparties reduced their deposits with the Bank. On balance, the Bundesbank’s net external position in other investment sank by €33 billion. Monetary financial institutions (excluding the central bank) granted additional loans to non-residents and expanded their holdings of currency and deposits. In both segments, negative valuation effects as a result of exchange rate changes reduced the overall effect on outstanding claims, which rose by €19 billion on balance. Non-residents’ deposits with German monetary financial institutions (excluding the Bundesbank) came down by €65 billion. Overall, the balance of monetary financial institutions (excluding the central bank) in other investment rose by €84 billion last year. General government also recorded a rise in its net claims, by €9 billion, in 2023. By contrast, other investment by enterprises and households swelled by €73 billion on balance. At the end of 2023, claims on non-residents arising from other investment had dropped by €17 billion, or 0.4 %, to €3,867 billion across all sectors. External liabilities fell even more sharply; they stood at €2,963 billion at year-end 2023, down €150 billion, or 4.8 %, on the year. 
    Increase in reserve assets
    The Bundesbank’s reserve assets amounted to €292 billion at the end of 2023 and were therefore up by €16 billion on the previous year. They grew only marginally by €1 billion as a result of transactions. Reserve asset holdings increased on the back of positive market price effects, in particular (€18 billion), with the rise in the price of gold dominating. Taken in isolation, the appreciation of the euro against the US dollar and other important currencies brought the value of reserve assets down by €3 billion.
    uncollectable credit claims, changes in sector classifications, changes in the functional category of a financing instrument, as well as statistical discrepancies between the international investment position and the balance of payments due to differing data sources, for example.
    Footnotes:
    The fact that the Eurosystem raised key interest rates was also a factor. 
    Non-transaction-related changes include valuation effects as a result of exchange rate or market price movements and other adjustments. Other adjustments include, for instance, write-downs on uncollectable credit claims, changes in sector classifications, changes in the functional category of a financing instrument, as well as statistical discrepancies between the international investment position and the balance of payments due to differing data sources, for example.
    For more information on transactions in portfolio investment, see Deutsche Bundesbank, German balance of payments in 2023, Monthly Report, March 2024.
    The Bundesbank’s TARGET claims on the ECB dropped by €176 billion in 2023. That was attributable, amongst other things, to the fact that payments from maturing securities under the asset purchase programme (APP) were no longer being reinvested in full. Reinvestments under the APP were discontinued as of July 2023. See Deutsche Bundesbank, German balance of payments in 2023, Monthly Report, March 2024.

    MIL OSI

    MIL OSI Europe News –

  • MIL-OSI Russia: “StuDos” invites you to open classes

    MILES AXLE Translation. Region: Russian Federation –

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

    The creative team “StuDos” invites you to the first open classes for dancers and vocalists.

    Become a part of our creative family, discover your talent and show yourself to the world! Our team supports any initiatives and efforts. You should definitely visit our open classes and show your talent.

    Dance September 30 at 19:00 Dance floor of the State University of Management (building of the Central University of Management, 1st floor)

    Registration for the class is strictly via this link: https://forms.yandex.ru/u/66f512c75d2a06350cebb30e/ Don’t forget to bring comfortable clothes and shoes. See you on the dance floor!

    Vocals October 9 at 19:00 A-124 (Administrative building of the State University of Management, 1st floor)

    Registration for the class is also strict, but this time via this link: https://forms.yandex.ru/u/66f50c553e9d0833492fe8dd/ Don’t forget to prepare a song.

    Subscribe to the tg channel “Our State University” Announcement date: 09/30/2024

    The creative team “StuDos” invites you to the first open classes for dancers and vocalists.

    Become a part of our creative family,…

    ” data-yashareImage=”https://guu.ru/wp-content/uploads/СтуДос-1.png” data-yashareLink=”https://guu.ru/%d1%81%d1%82%d1%83%d0%b4%d0%be%d1%81-%d0%bf%d1%80%d0%b8%d0%b3%d0%bb%d0%b0%d1%88%d0%b0%d0%b5%d1%82-%d0%bd%d0%b0-%d0%be%d1%82%d0%ba%d1%80%d1%8b%d1%82%d1%8b%d0%b5-%d0%b7%d0%b0%d0%bd%d1%8f/”>

    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.

    “StuDos” invites you to open classes

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

    MIL OSI Russia News –

  • MIL-OSI Russia: HSE Tops Ranking of Universities Leading Tech Entrepreneurship

    MILES AXLE Translation. Region: Russian Federation –

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

    HSE University has taken the leading position in the university ranking prepared by the Expert Analytical Center. The Techpred-50 ranking evaluates the success of educational institutions in training founders of technology startups for the period from 2014 to 2023. HSE is among the top three, along with MIPT and MSU.

    The rating ranks universities by a number of key indicators, including the number of local and foreign startups created by graduates, the volume of investments attracted, and support for startups at the development stage. The Higher School of Economics scored the maximum score for most parameters, which allowed it to top the rating.

    According to the rating, HSE graduates have played a significant role in creating technology startups both in Russia and abroad. The university is the leader in the number of startups founded that have received support both locally and internationally. The share of startups created by HSE graduates is 44.7% in Russia and 82% abroad. This confirms that the university not only produces highly qualified specialists, but also actively promotes their further professional implementation in global markets.

    In addition, HSE took first place in terms of the volume of investments attracted. According to the rating, startups founded by HSE graduates attracted the largest investments both in rubles at the local level and in dollars in international projects.

    In recent years, the university has been consistently developing programs to support technological entrepreneurship. Particular attention is paid to creating conditions for the development of startups – from acceleration programs to close cooperation with venture funds and business incubators. The university provides students with unique opportunities to implement their projects, providing them with access to experts, financing and development of entrepreneurial competencies.

    “We attach great importance to the development of technological entrepreneurship, because we consider it one of the factors of sustainable economic growth and innovative leadership of Russia. HSE Business Incubator helps our students and graduates to turn their ideas into successful projects. We are proud that our graduates topped the rating and demonstrate such high results,” said Dmitry Shminke, Deputy Vice-Rector, Head of the HSE Business Incubator.

    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/967365057.html

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

    MIL OSI Russia News –

  • MIL-OSI Translation: Confederation releases tariff quota for bread cereals earlier than expected

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Department of Foreign Affairs in French

    Federal Office for Agriculture

    Bern, 30.09.2024 – The 2024 harvest of Swiss bread grains is significantly below the multi-year average; the cold and wet weather is the cause of this decline. The Federal Office for Agriculture (FOAG) will release the last part of the tariff quota for bread grains on 4 October in order to cover the national demand for grains such as wheat, rye and spelt.

    Frequent rainfall from sowing to harvest has had a negative impact on the quantities and quality of cereals harvested in 2024 in Switzerland and Central Europe. The cereal industry estimates that the need for imports will be significantly increased, which is why it has requested that the last part of the tariff quota, which amounts to 15,000 tonnes, be released earlier than planned. It has also submitted a request for a temporary increase of 20,000 tonnes in the regular quota, which amounts to 70,000 tonnes.

    The Federal Council, which is responsible for increasing the tariff quota for bread grains, will decide on the temporary increase, probably at the end of October.

    By amending the ordinance on agricultural imports, the OFAG has brought forward the release date of the last part of the quota, i.e. 15,000 tonnes of bread cereals, to 4 October 2024. The amendment will come into force on this date.

    Address for sending questions

    FOAG, Communications, tel. 41 58 463 01 07, media@blw.admin.ch

    Author

    Federal Office for Agriculturehttp://www.blw.admin.ch

    Social sharing

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

    MIL Translation OSI

  • MIL-OSI Economics: The amount of student loan available for drawing down was raised in August

    Source: Bank of Finland

    In August 2024, drawdowns of student loans totalled EUR 165 million – almost the same as in the corresponding month last year. However, the volume of student loan drawdowns was affected by opposing forces.

    At the beginning of August 2024, the amount of student loan available for drawdown per month was raised by up to 30%.[1] As a result of an amendment to the Act on Financial Aid for Students, persons over 18 years studying in Finland have been able to draw down EUR 850 per month of government-guaranteed loan, instead of the previous EUR 650. The previous raise to the government-guaranteed amount of student loan was made in August 2017.

    Another change affecting the monthly drawdown volume was that students in secondary education now have more frequent student loan disbursements than before.[2] From now on, there are four disbursement dates in an academic year, regardless of the duration of studies. The change of the number of disbursements reduces the drawdowns in August and January and correspondingly increases them in March and November. According to Kela’s statistics, students in secondary education drew down approximately 19% of all student loans in the academic year 2022/2023.

    The rise in level of interest rates has reduced the volume of student loan drawdowns. However, interest rates on student loans have declined in 2024. In August 2024, the average interest rate on new student loans drawn down declined further, to stand at 4.07% in August. The average interest rate was slightly lower than at the same time a year earlier. 89% of the student loans drawn down were linked to Euribor rates and 11% to banks’ own reference rates.

    The reduced drawdown volume has contributed to the slowdown in the growth rate of the student loan stock in recent years.[3] However, the annual rate of growth of the student loan stock (4.2% in August) has picked up somewhat in recent months, and the increase of the government guarantee and lower interest rates may accelerate it further going forward. In August 2024, the stock of student loans (EUR 6.3 billion) was the largest ever.

    Loans

    In August 2024, Finnish households drew down EUR 1.1 billion of new housing loans, which is EUR 40 million less than in the same period a year earlier. Buy-to-let mortgage loans accounted for EUR 110 million of the new housing loan drawdowns. The average interest rate on new housing loans decreased from July, to stand at 3.93% in August. At the end of August 2024, the housing loan stock totalled EUR 105.9 billion, and its year-on-year change amounted to -0.7%. Buy-to-let mortgages accounted for EUR 8.7 billion of the housing loan stock. At the end of August, Finnish households’ loan stock included EUR 17.9 billion of consumer credit and EUR 17.6 billion of other loans.

    Drawdowns of new loans by Finnish non-financial corporations in August totalled EUR 1.5 billion, including EUR 440 million of loans to housing corporations. The average interest rate on new corporate-loan drawdowns rose from July, to stand at 5.36 %. At the end of August, the stock of loans granted to Finnish non-financial corporations was EUR 107.7 billion, whereof housing corporations accounted for EUR 44.8 billion.

    Deposits

    At the end of August 2024, the total stock of Finnish households’ deposits was EUR 110.6 billion, and the average interest rate on these deposits was 1.35%. Overnight deposits accounted for EUR 67.1 billion and deposits with an agreed maturity for EUR 14.6 billion of the total deposit stock. In August, Finnish households made new deposit agreements with an agreed maturity in the amount of EUR 1.1 billion. The average interest rate on these new term deposits was 3.39%.

    Loans and deposits to Finland, preliminary data*
      June, EUR million July, EUR million August, EUR million August, 12-month change1, % Average interest rate, %
    Loans to households, stock 141,421 141,223 141,425 -0.4 4.53
        – of which housing loans 106,032 105,861 105,914 -0.7 3.95
        – of which buy-to-let mortgages 8,682 8,680 8,708   4.14
    Loans to non-financial corporations2, stock  108,10 107,497 107,747 1.1 4.62
    Deposits by households, stock 110,784 109,951 110,644 1.2 1.35
               
    Households’ new drawdowns of housing loans 1,096 1,049 1,104   3.93
        – of which buy-to-let mortgages 96 96 111   4.06

    * Includes loans and deposits in all currencies to residents in Finland. The statistical releases of the Bank of Finland up to January 2021, as well as those of the ECB, present loans and deposits in euro to euro area residents and also include non-profit institutions serving households. For these reasons, the figures in this table differ from those in the aforementioned releases.
    1 Rate of change has been calculated from monthly differences in levels adjusted for classification and other revaluation changes.  
    2 Non-financial corporations also include housing corporations.

    For further information, please contact:

    Markus Aaltonen, tel. +358 9 831 2395, email: markus.aaltonen(at)bof.fi,

    Ville Tolkki, tel. +358 9 183 2420, email: ville.tolkki(at)bof.fi.

    The next news release on money and banking statistics will be published at 10:00 on 28 October 2024.

    Related statistical data and graphs are also available on the Bank of Finland website: https://www.suomenpankki.fi/en/statistics2/.

    [1] A larger amount of student loan can be taken out starting from August | Kela

    [2] Amount of the student loan | Our services| Kela. For students in higher education, there are two disbursement dates.

    [3] To a limited extent, the slowdown also reflects student loan compensations paid by Kela. Student loan compensation | Our services| Kela.

    statistics loans deposits interest rates student loans

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Legal adviser member appointed to the Family Procedure Rule Committee

    Source: United Kingdom – Executive Government & Departments

    The Lord Chancellor has approved the appointment of a legal adviser member to the Family Procedure Rule Committee.

    The Lord Chancellor has approved the appointment of Helen Sewell as a legal adviser member of the Family Procedure Rule Committee (FPRC) from 30 September 2024 until 29 September 2027.

    FPRC was set up, in October 2004, to make Family Procedure Rules. Its aim is to make clear, easily understandable rules to create an accessible, fair and efficient family justice system. FPRC makes rules of court that govern the practice and procedure followed in family proceedings in the High Court and family court.

    Appointments, to FPRC, are made by the Lord Chancellor after consulting the President of the Family Division, under section 77(2) of the Courts Act 2003. The appointment of non-judicial members is regulated by the Commissioner for Public Appointments and recruitment processes comply with the Governance Code on Public Appointments.

    Biography

    Helen Sewell was admitted Solicitor in 1991. Since 2020, she has worked as a Legal Team Manager for HMCTS. Previously, from 2002-2020, she worked for HMCTS as a Justices’ Legal Advisor for Wiltshire Magistrates’ Court, Swindon.

    Updates to this page

    Published 30 September 2024

    MIL OSI United Kingdom –

  • MIL-OSI Translation: Pilot skills assessed on simulator

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Department of Foreign Affairs in French

    Federal Office of Civil Aviation

    Bern, 30.09.2024 – Flight simulators have been used for around fifty years in commercial aviation and for training on multi-pilot aircraft. In future, tests to assess the aeronautical skills of pilots of helicopters and complex single-pilot aircraft will take place on simulators. Simulators have several advantages over real-world flights: they are safer, cheaper and more environmentally friendly.

    Currently, several certified helicopter and PC-12 simulators are in operation in Switzerland for pilot training and testing. More will follow. Examiners certified by the Federal Office of Civil Aviation (FOCA) check the aeronautical skills of pilots as part of a flight test. The FOCA has decided that from 1 October 2024, tests of piloting skills on single-pilot aircraft must be carried out on a simulator if a suitable simulator is available. The same will apply from 1 June 2025 for tests on single-pilot helicopters. Several reasons are given for this decision. Firstly, the simulator eliminates the risk of accidents with significant financial consequences. Secondly, it is significantly less expensive than a flight in real conditions. Finally, the simulator does not cause any noise pollution or pollutant emissions.

    Modern simulators are able to faithfully reproduce real situations of visual or instrument piloting by integrating, for example, engine failures, avionics failures or even forced landings. Today, simulators of this type are an integral part of the training and development of professional pilots.

    On the other hand, until recently, the situation was different for simulators on helicopters and on complex or high-performance single-pilot aircraft. Although common European regulations have governed tests and examinations on simulators since 2011, they were rarely used for this purpose, due in particular to an insufficient fleet of aircraft.

    Address for sending questions

    For media professionals: OFAC Communication Telephone: 41 58 464 72 87

    Author

    Federal Office of Civil Aviationhttp://www.bazl.admin.ch

    Social sharing

    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: Looking at how well defence contractors follow the rules for reporting under the non-competitive regulatory system

    Source: United Kingdom – Executive Government & Departments

    The Compliance Bulletin examines how well defence contractors followed the reporting regulations for non-competitive (also known as single source) defence contracts.

    Defence contractors must report information about their single-source defence contracts to the MOD and the Single Source Regulations Office (the SSRO). This is performed using the SSRO’s Defence Contract Analysis and Reporting System (DefCARS).

    As an important part of the regulatory framework, these submissions provide the MOD with information throughout the contract duration that can be used to support purchasing decisions and management of those contracts so that they obtain the best value for money whilst paying fair and reasonable prices.

    In its written compliance and review methodology, the SSRO explains how it will keep an eye on how well contractors who are required to report are following the regulations.

    The Compliance Bulletin presents compliance statistics relating to reports expected between 1 May 2023 and 30 April 2024. Data is also presented against historical compliance records going back to May 2018.  

    The bulletin shows that while the majority of expected submissions are made by contractors, there is still room for improvement with regard to the data quality of initial submissions. The MOD must also make sure that the information it receives is considered and utilised appropriately, by ensuring that more submissions are accessed and reviewed in DefCARS.

    The SSRO’s Head of Compliance, Reporting and IT, Akhlaq Shah, said:

    The SSRO won’t only monitor compliance and report on it; but will continue to assist both contractors and the MOD in fulfilling their commitments whenever possible. We will keep investing resources to help ensure an understanding of what is needed; how industry can best offer it; and how the MOD can use the data consistently and continuously.

    Take a look at the Compliance Bulletin for more information on contractors are doing in timeliness and quality of their reporting.

    Updates to this page

    Published 30 September 2024

    MIL OSI United Kingdom –

  • MIL-OSI Europe: AI in cyberattacks – the NCSC’s focus during European Cyber Security Month

    Source: Switzerland – Department of Defence, Civil Protection and Sport

    Bern, 30.09.2024 – Artificial intelligence (AI) is increasingly being used in cyberattacks, particularly social engineering attacks. For this year’s European Cyber Security Month (ECSM), the National Cyber Security Centre (NCSC) will be raising public awareness of this cyberthreat. The ECSM takes place every October and is organised by the European Union Agency for Cybersecurity (ENISA) together with the European member states.

    The use of AI is becoming increasingly important – even in the world of cybercrime. In particular, we are seeing a trend in social engineering attacks where AI is being used by criminals to impersonate someone else. For example, AI can easily be used to write authentic-looking emails, mimic voices or fake images. These fake identities give the cybercriminals more credibility and make it easier for them to gain the trust of their victims. In light of these developments, the NCSC is focusing on the influence of artificial intelligence in social engineering attacks as part of this year’s ECSM.

    A spotlight on deepfake videos

    From 1 October, the NCSC will run a campaign to raise public awareness of the risks of social engineering attacks using deepfake technology. Together with Youth and Media and Ralph Landolt, partner of Seniorweb.ch, the NCSC has developed targeted content for young people, professionals and seniors. The campaign includes a short video that shows how easy it is for cyber criminals to use AI to create deepfake videos. There will also be an online lunch meeting to discuss the issue, an explanatory video for older people and more information on the NCSC website. The campaign will run until 31 October.

    The European Cyber Security Month

    The ECSM is organised by ENISA together with the European member states. As a cooperation partner of ENISA, the NCSC plays an active role in the campaign. Social engineering was already the focus of ECSM 2023: the NCSC’s campaign was built around a dance video, which generated a lot of interest from the public. Because it is still so relevant today, the 2024 campaign will once again address the issue of social engineering in the context of cyberattacks.

    Address for enquiries

    NCSC Communication
    +41 58 465 04 64
    media@ncsc.admin.ch

    Publisher

    National Cyber Security Centre
    https://www.ncsc.admin.ch/ncsc/en/home.html

    General Secretariat DDPS
    https://www.vbs.admin.ch/

    MIL OSI Europe News –

  • MIL-OSI Europe: Indo-Pacific region increasingly important in a turbulent world

    Source: Government of Sweden

    Indo-Pacific region increasingly important in a turbulent world – Government.se

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    Press release from Ministry of Defence

    Published

    Security in the Euro-Atlantic and Indo-Pacific regions is becoming increasingly interlinked. The Government is now presenting a defence policy direction for cooperation between Sweden and countries in the Indo-Pacific region.

    The Indo-Pacific region, the vast and densely populated area that stretches from the east coast of Africa via the Indian Ocean and archipelagos of South-East Asia to the Pacific Islands Countries, has taken on a key defence policy and military role in recent years. 

    These regional developments are increasingly characterised by the dynamic between China and the United States. China’s increasing authoritarianism and cooperation with Russia, as well as the United States’ resource prioritisation between Europe and the Indo-Pacific region, are both impacting the security situation in Europe. The Euro-Atlantic region, including Sweden, would be negatively affected by conflict in the Indo-Pacific region.

    At the same time, the Indo-Pacific region is affected by events in Europe, such as Russia’s full-scale invasion of Ukraine and its aftermath. Security in the Indo-Pacific and Euro-Atlantic regions is increasingly interlinked. 

    “It has therefore become increasingly important to develop defence relations with partner countries in the Indo-Pacific region. The Government’s ambition to do this is presented in the new policy direction,” says Minister of Defence Pål Jonson.

    The Government adopted the direction on 4 July. It was publicly launched during a seminar at the Mediterranean Museum in Stockholm on 30 September, which Mr Jonson participated in. 

    Press contact

    Policy direction in brief

    The direction lists measures intended to strengthen Sweden’s defence cooperation with Indo-Pacific countries within three focus areas:
    • defence relations;
    • military presence;
    • cooperation on defence materiel, innovation and technology.
    Through enhanced cooperation, Sweden and Swedish actors can further national defence capabilities and security while also contributing to peace and stability in the Indo-Pacific region. Within both NATO and the EU, Sweden will pursue increased defence cooperation with partner countries in the Indo-Pacific region.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Sustainable Food Network launches in the city

    Source: City of Stoke-on-Trent

    Food Partnership Meeting

    Published: Monday, 30th September 2024

    The Food Partnership is a cross-sector partnership, with members and representatives from the statutory, VCSE, and private sectors.

    Organisations across Stoke-on-Trent are joining forces to help drive forward an “equitable, resilient, and environmentally sustainable food network that supports the health, wellbeing and prosperity of our communities”.

    Fronted by the YMCA North Staffordshire and VAST the partnership has three overarching priorities;
    1. Food availability
    2. Food affordability
    3. Food sustainability

    The Food Partnership is a cross-sector partnership, with members and representatives from the statutory, VCSE, and private sectors. Its clear aim is to ensure representation and influence from a range of expertise, and specialisms.

    Councillor Sarah Jane Colclough, cabinet member for education and anti-poverty, said: “Collaboration work is vital to ensuring all residents are represented and supported. We know the Cost-of-Living crisis impacted people harder than we could ever imagine. Support is out there and I urge anyone struggling to reach out. We want to help communities to come together to support each other.”

    Daniel Flynn, Chief Executive Officer at YMCA North Staffordshire advised: “We collectively believe that every person in the city should have access to healthy, tasty, affordable food. We recognise that food is at the heart of some of our city’s most pressing social, economic and environmental problems; however, we also see good food as part of the solution to our communities’ challenges.”

    Over the last couple of years, Stoke-on-Trent City Council, alongside voluntary sector partner, VAST pulled together an essential directory to help families all year round, signposting support services, including information for those facing food poverty, financial issues and support with household energy.

    The Help is at Hand campaign has been coordinated by the city council in partnership with a range of community and voluntary organisations across the city. The city council has committed to ensuring every resident has access to a financial MoT and is now focusing on ensuring everyone has the nutritional, healthy, affordable food they need.

    Information on the range of advice, support and information on offer as part of the Help is at Hand campaign is available at http://www.stoke.gov.uk/helpisathand.

    Interested organisations can find out about upcoming Food Partnership meetings at vast.org.uk/events or email support@vast.org.uk

    VAST currently provides city-wide support to communities in Stoke-on-Trent and North Staffordshire and supports the voluntary, community, and social enterprise sectors.

     

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Return of peak rail fares a costly blow for commuters and climate

    Source: Scottish Greens

    30 Sep 2024 Transport End Peak Rail Fares

    Hiking rail fares is bad for people and planet.

    More in Transport

    The return of peak rail fares in Scotland will be a costly blow for commuters and our climate, says the Scottish Greens transport spokesperson, Mark Ruskell MSP.

    Mr Ruskell’s comments came on the morning that peak rail fares returned to Scotland, following a 12 month pilot to remove them that was secured by the Scottish Greens.

    The fare hike means that someone travelling between Glasgow and Edinburgh at peak times will see a return fare increase from £16.20 to £31.40.

    Mr Ruskell said: “A lot of commuters will have an unpleasant surprise when they pay for their tickets this morning and see that prices are higher than ever.

    “Peak rail fares are fundamentally unfair. They disproportionately impact people who have no say over when they need to travel for work or study. Bringing them back will do nothing to help workers or students or to encourage people out of their cars.

    “Many regular commuters have saved hundreds of pounds on their fares over the last year, and some of the rises they will now face are staggering.

    “If we want to build a transport system that works for people and planet then we need to ensure that rail is always an affordable and reliable option. People in Scotland already pay some of the highest fares in Europe and this will only make it worse.

    Mr Ruskell added: “The removal of peak rail fares was one of the most important changes that the Scottish Greens secured in government. I am proud of the work we did with trade unions and campaigners to deliver it. 

    “I hope that the SNP will reconsider this decision, and that we will see peak fares removed permanently.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Pan-African partnership reaches milestone for long-term climate finance solutions in Kenya

    Source: United Kingdom – Executive Government & Departments

    Mobilisation of climate finance set to be boosted across East Africa through new UK-backed company as investors put pen to paper to begin operations.

    • Investors back Dhamana Guarantee Company’s work to transform East Africa’s financial landscape.

    • Tackling climate change given another boost in Kenya as, for second time in a week, a UK-Government backed investor in green finance solutions puts pen to paper.

    Monday 30 September 2024 – Dhamana Guarantee Company Ltd (Dhamana) has reached a major milestone, marked at an event in Nairobi today.

    Investors in the new company put pen to paper at a signing ceremony, which will allow the company to kick-start operations.

    Dhamana aims to mobilise private sector finance to support the development of sustainable businesses. It will do so by issuing guarantees to commercially viable projects, businesses, and institutions that tackle the climate crisis and make progress towards the Sustainable Development Goals (SDGs).

    The design and creation of the company was supported by the UK-Government backed investor the Private Infrastructure Development Group (PIDG) through InfraCo Africa. With its anchor investment, PIDG kick-started Dhamana, attracting further equity investment from the African Development Bank (AfDB) and CPF Group, with support provided by Cardano Development and FSD Africa.

    Dhamana is a new limited liability company based in Kenya with a mandate to deliver for the East African region – including – Kenya, Tanzania, Uganda and Rwanda. It will provide credit guarantees on debt capital market instruments, to boost the credit rating of such instruments and crowd in investment from pension funds, insurance companies and sovereign wealth funds to support sustainable infrastructure and business development in East Africa.

    Dhamana will target businesses that add value to people’s lives, improving the day-to-day life of Kenyans and of people across the region. The increase in affordable finance for Kenyan businesses will mean projects will require less capital to get off the ground, make money, and generate growth. Dhamana will also enable investors to diversify their portfolios, acting as a catalyst to transform East Africa’s financing landscape.

    This is the second time in a week that an investor in climate solutions backed by the UK Government has achieved a milestone. Last week, MOBILIST signed a partnership with the Nairobi Securities Exchange which aims to drive the listing of new investment products in the Kenyan market and increase the amount of private sector capital available for development and climate projects in Kenya and drive growth.

    Dhamana CEO, Christopher Olobo, said:

    With the support of our investors and supporters, we have worked to develop Dhamana as an important catalyst for long-term sustainable finance in the region. Dhamana’s local currency guarantees will connect pools of untapped capital with East Africa’s real economy, making a tangible difference to people’s lives and offering local investors the opportunity to invest in Paris-aligned initiatives.

    Deputy High Commissioner and Development Director, British High Commission Nairobi, Leigh Stubblefield, said:

    For the second time in a week I am proud to say that the UK has supported a climate finance solution in Kenya – an example of our long-term commitment to long-term investment and growth. This is a great pan-Africa partnership that will improve the lives of East Africans for the better, and as the saying goes, we go far when we go together.

    Representing PIDG, InfraCo Africa CEO, Gilles Vaes, added:

    Building on the success of other PIDG-supported credit enhancement facilities in Nigeria and Pakistan, Dhamana will demonstrate the value of such a facility in the East African market, opening up opportunities for investors and clients alike. Crucially, Dhamana will engage new partners and investors in our efforts to urgently address the climate crisis and accelerate delivery of the UN sustainable development goals.

    In his remarks at the launch event, Solomon Quaynor, African Development Bank Vice President for Private Sector, Infrastructure & Industrialisation, said:

    The African Development Bank’s equity investment in Dhamana reinforces the catalytic role and potential of credit enhancement companies in leveraging opportunities for infrastructure financing in local currency and supporting debt capital markets deepening in our regional member countries. We intend to replicate this business model in appropriate markets across Africa with partners such as the Private Infrastructure Development Group (PIDG) and others. The first example of this type of credit enhancement company was InfraCredit in Nigeria which has had demonstrated success, and now Dhamana in East Africa. The investment in Dhamana aligns with the Bank’s priority to mobilise financing through innovative vehicles from African institutional funds including pension funds, sovereign wealth funds and insurance companies for infrastructure development in Africa.

    On his part, Dr. Hosea Kili, OGW – CPF Group Managing Director/CEO – said:

    We are proud to be part of this transformative initiative through Dhamana Guarantee Company. We believe in the power of innovative financial solutions to drive sustainable growth. By leveraging local currency guarantees, Dhamana will unlock critical capital for critical infrastructure projects, advancing economic development. This partnership aligns with our commitment to investing in initiatives that improve the lives of people’s lives and our economy while contributing to a more sustainable future.

    Joost Zuidberg, CEO of Cardano Development concluded:

    Dhamana’s true strength lies in its capacity to attract significant investments from East Africa’s institutional capital, laying a strong foundation for future scaling up according to its sizeable potential and thus meaningfully contribute to sustained economic growth in the region. Part of our core work is to incubate guarantee solutions for emerging and frontier markets, and we are thrilled to formalise this partnership today, as we collectively provide Dhamana with the crucial support and capital needed to fulfil this vital objective.

    NOTES FOR EDITORS

    The UK-Kenya Strategic Partnership

    The UK-Kenya strategic partnership joint statement can be found here.

    About Dhamana

    Dhamana Guarantee Company (Dhamana): Dhamana is working to catalyse the development of domestic capital markets in East Africa. It does this by connecting significant under-utilised sources of domestic institutional capital with the real economy, such as new green infrastructure, and providers of credit to  businesses. This increases access and the affordability of local capital, providing new low-risk opportunities for local investors. Dhamana will also serve to provide a portfolio of businesses with access to the local currency capital needed to deliver bankable projects, meeting the high demand for new affordable housing, transportation, water, and energy infrastructure, and promoting long term economic development. http://www.dhamana.com

    About PIDG

    The Private Infrastructure Development Group (PIDG) is an innovative infrastructure project developer and investor which mobilises private investment in sustainable and inclusive infrastructure in sub-Saharan Africa and south and south-east Asia. PIDG investments promote socio-economic development within a just transition to net zero emissions, combat poverty and contribute to the Sustainable Development Goals (SDGs). PIDG delivers its ambition in line with its values of pioneering, partnership, safety, inclusivity, and urgency. PIDG offers Technical Assistance for upstream, early-stage activities and concessional capital; its project development arm – which includes InfraCo Africa and InfraCo Asia – invests in early-stage project development and project and corporate equity. PIDG credit solutions include EAIF (the Emerging Africa Infrastructure Fund), one of the first and more successful blended debt funds in low-income markets; GuarantCo, its guarantee arm that provides credit enhancement and local currency solutions to de-risk projects; and a growing portfolio of local credit enhancement facilities, which unlocks domestic institutional capital for infrastructure financing. Since 2002, PIDG has supported 233 infrastructure projects to financial close, which provided an estimated 228 million people with access to new or improved infrastructure. PIDG is funded by the governments of the United Kingdom, the Netherlands, Switzerland, Australia, Sweden, Global Affairs Canada, Germany, and the IFC. http://www.pidg.org

    About the African Development Bank (AfDB)

    The African Development Bank (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and Nigeria Trust Fund (NTF). On the ground in 34 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states. http://www.afdb.org

    About the CPF Group

    The CPF Group offers a comprehensive range of services through its various subsidiaries including  CPF Financial Services which administers both private and public pension funds; notably – the Public Service Superannuation Scheme (PSSS); The Local Authorities Pensions Trust (LAPTRUST); the Taifa Pension Fund; the County Pension Fund and CPF Individual Pension Plan. The funds under our administration have a total membership of just over 500,000 members.

    Other subsidiaries include Laser Infrastructure & Technology Solutions (LITES); Laser Property Services; Rukisha Advances payment platform; CPF Asset Managers; CPF Capital & Advisory; and Laser Insurance Brokers (LIB).  The Group offers a wide range of services in ICT & renewable energy solutions, Property Services, Insurance Brokerage, Smart Money platform, fund management, Transaction Advisory, Trust fund services, training & consultancy, and Corporate Trustee Services. Derived from uncompromised commitment to fulfilling lives, the CPF Group prioritises new models and approaches in engineering turnkey solutions for clients across the region. http://www.cpfgroup.or.ke

    About Cardano Development

    Cardano Development (CD), established in 2007, incubates new companies, and creates and manages fund managers. Through careful risk-management analysis in data poor settings, CD identifies scalable solutions that can help to make frontier financial markets more inclusive, investible, and sustainable to unlock lasting economic value. CD creates scalable solutions for currency, credit, and liquidity risks in these markets. With over USD 6 billion assets and USD 3.1 billion capital under management, CD supports scale-up ventures (TCX, GuarantCo, Frontclear, BIX Capital, ILX Fund, AGRI3 Fund), and a number of new start-ups, with ongoing management support services and corporate governance oversight. http://www.cardanodevelopment.com.

    Updates to this page

    Published 30 September 2024

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Polytechnic University at the Russian Energy Week: Student Victories, Professional Expertise and Scientific Discussions

    MILES AXLE Translation. Region: Russian Federation –

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

    From September 26 to 28, Moscow hosted the largest discussion forum for discussing development trends in the global fuel and energy complex — Russian Energy Week 2024. Students and teachers of the Polytechnic University took an active part in it, showed excellent results in competitions and spoke at discussion platforms.

    A significant event within the framework of the Youth Day was the summing up of the results of the All-Russian competition “Youth Global Forecast of Energy Development” – a competition among teams that has been held annually since 2017. Each year, teams of students and young industry professionals form scientifically based proposals regarding the future parameters of energy development in accordance with the topic they have chosen.

    This year, 38 student teams and 25 teams of young professionals took part in the competition. As a result, 63 teams representing leading universities and top companies of the country presented their forecasts. 20 of these teams reached the final, where the winners and prize winners in each category were determined. According to the jury of the competition in the category “Students”, the team “Poly Energy” consisting of students of the Higher School of Industrial Management of IPMEiT (Daniil Guryev (team captain), Nonna Gavrikova, Nikolay Kazmin, Elena Kovyazina, Polina Kurenkova, Ulyana Makarenko, Anastasia Malashchitskaya, Daria Moiseenko, Dmitry Rusnak, Polina Sannikova, Vladislav Sedov, Evgeniya Filyanina, Alexander Khomyakov, Nikita Fomin, Aidar Khaliullin) took first place, presenting the work “Development of energy partnership in the BRICS, CIS and EAEU spaces”. The team mentor was Associate Professor Anna Timofeeva.

    As part of the competition final, participation in the panel discussion and questions for the teams were provided by the management of universities and industry companies whose teams reached the final. The Polytechnic University was represented by Vice-Rector for Educational Activities Lyudmila Pankova.

    For the Polytechnic University, this is a truly great student victory. Initially, 1,000 participants applied for the competition, who went through a multi-stage selection. The students worked on the project for six months, refined the solution, and eventually successfully presented it in the final of the competition. It is especially valuable that the students of our university, within the framework of their project, were able to make a small, but still a contribution to determining the main directions of development of the domestic fuel and energy complex and the search for optimal solutions in response to existing challenges, – Lyudmila Pankova commented on the victory of the Polytechnic students.

    Our main objective was to study energy cooperation between Russia and the BRICS, CIS and EAEU member countries. We identified the most promising countries for developing energy partnership. To make a forecast until 2035, it was necessary to study existing and potential ways of cooperation with the selected countries, conduct a SWOT and PESTEL analysis, risk analysis and energy cooperation cases. We created three scenarios for the development of energy partnership: negative, baseline and positive, and for each scenario we offered recommendations on the necessary measures for the Russian government and the country’s largest energy companies. Of course, the “Russian Energy Week” made a strong impression on our entire team with its scale, number of participants and grandeur of the events. We are very glad that we were its full-fledged participants and spoke at it! – shared their impressions the students of the “Poly Energy” team.

    At the end of the REN Youth Day, a ceremonial awarding of all winning teams took place. The Polytechnic University student team was awarded by State Secretary, Deputy Minister of Energy of the Russian Federation Anastasia Bondarenko. The diploma of the winner of the youth forecast for energy development signed by Deputy Chairman of the Russian Government Alexander Novak was ceremoniously presented to the team to thunderous applause.

    After such a stunning conclusion of the competition, the students are charged with optimism, energy and enthusiasm to continue their research and project activities. I am sure that many more brilliant successes and victories await them in the future, – said Olga Kalinina, Director of the Higher School of Industrial Management at IPMET.

    Another significant event for the Polytechnic University was the successful performance of the students of the Institute of Power Engineering at the Youth Day of the Russian Energy University. Masters of the Higher School of Electric Power Systems Gerasimov Alexander, Plastinin Sergey and Ruchkina Anastasia reached the final of the All-Russian competition of final qualification works of bachelors and masters of technical universities on electric power and electrical engineering topics, held by PJSC Rosseti, and Master of the Higher School of High-Voltage Power Engineering Valeeva Evgeniya reached the final of a similar competition of final qualification works, held by Inter RAO.

    In total, 35 universities from all over the country participated in the All-Russian competition of final qualifying work from PJSC Rosseti; the best 10 bachelor’s and 10 master’s works competed for the first three places in their categories. According to the results of the competition, Anastasia Ruchkina won with the topic “Study of methods for identifying consumer phases in a low-voltage electrical network based on data from smart metering devices.” In her work, Anastasia examined the impact of uneven distribution of single-phase consumers on the quality of electricity, and also created an algorithm that determines the phase affiliation of consumers by analyzing data from smart metering devices.

    A very large-scale and significant event, where innovative projects and solutions are discussed and, most importantly, contacts are established between young, goal-oriented power engineers from all over Russia. I am very happy with my victory! – shared Anastasia Ruchkina.

    Ivan Kurta, Head of the Directorate for Continuing Education and Industry Partnerships at the Polytechnic University, also worked at the forum. He participated in the work of discussion platforms devoted to discussing the strategy for developing fuel and energy sectors, introducing new technologies and staffing for technological sovereignty and global leadership of the domestic fuel and energy sector.

    This platform allows us to meet and discuss key issues of the development of the domestic fuel and energy complex. We managed to hold a number of really important meetings and reach agreements on the development of cooperation with HR directors of enterprises that are the largest employers in the energy sector, – noted Ivan Kurta.

    Ivan Kurta also acted as an expert in the main youth event — the REN Cup of the League of Young Specialists of the International Engineering Championship “CASE-IN”. Following his work, Ivan was awarded a letter of thanks from the Ministry of Energy of the Russian Federation.

    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.spbstu.ru/media/nevs/education/polytech-at-the-Russian-energy-victory-week-students-professional-expertise-and-scientific/

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

    MIL OSI Russia News –

  • MIL-OSI Translation: The fight against racism in the canton of Vaud

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Swiss Canton of Vaud – news in French

    Its systemic nature is highlighted by studies. On the occasion of the Assises, the IntégrAction 2024 Prize also rewarded the NELA and Action-parrainages associations.

    Organised by the Cantonal Consultative Chamber of Immigrants (CCCI) chaired by Guy Gaudard, the 2024 Immigration Conference was dedicated on Saturday to the fight against racism, the subject of the 2004 edition. “20 years later, if things have moved forward, the findings have also evolved. Racism is a very real reality in Switzerland”, underlines Isabelle Moret, head of the Department of Economy, Innovation, Employment and Heritage.

    Since then, the Cantonal Office for the Integration of Foreigners and the Prevention of Racism (BCI), created in 2009, has set up a consultation for people facing racism since 2012, which was subsequently supplemented by that of the Lausanne Office for Immigrants (BLI). A new consultation is currently being planned in the north of the canton. To counter systemic racism, action plans are underway or being considered with various cantonal services, including the police, schools and the health sector,

    During the Assizes, Ludovic Vérolet, a lawyer specializing in this field, noted that, while the criminal law against discrimination and incitement to hatred (article 261 bis of the penal code) certainly makes it possible to counter racist acts and behavior, despite 30 years of existence, it still faces challenges in its application (the public dimension of the act is necessary for the offense to be constituted and the definitions of the groups or individuals targeted are very restrictive).

    Denise Efionayi-Mäder, deputy director of the Swiss Forum for Migration and Population Studies at the University of Neuchâtel, notes the existence of real systemic racism, a racism that goes beyond individual deviant behavior and can unconsciously influence institutions.

    Anthropologist Ninian Hubert van Blijenburgh noted that the scientifically based claim that races do not exist (there is only one human species) must be supplemented by an explanation that accounts for human diversity. He emphasizes that diversity education is essential to counter racist misrepresentations.

    Journalist Julie Eigenmann also presented the exploratory survey “Switzerland in flagrant denial” which brings together testimonies and analyses on various concrete facets of racism. Several articles taken from this survey were exhibited at the Lausanne School of Social Work and Health (HETSL) which hosted the Assises this year.

    The IntegrAction 2024 prize was awarded by the president of the jury, Professor Patrick Bodenmann, head physician of the Department of Vulnerabilities and Social Medicine at the University Center for General Medicine and Public Health (Unisanté), to two winners: on the one hand, the NELA association, which welcomes, supports and supervises young migrants through sponsorships and the implementation of cultural and social projects, and on the other hand, to the Action-parrainages association, which connects families living in the canton and migrants in order to facilitate their integration, by promoting the learning of French and the creation of links with the population.

    Link to the press release

    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: DVLA digital service update allows motorists to tax vehicle without log book and tax reminder letter

    Source: United Kingdom – Executive Government & Departments

    Motorists applying for a duplicate V5C (log book) can now tax their vehicle without needing to wait for their log book to arrive.

    DVLA has announced a new service update that allows motorists to tax their vehicle even if they have lost their V5C (log book) and their vehicle tax reminder letter (V11).

    Previously, customers who had lost these documents would have had to wait up to 5 days for a replacement V5C to arrive, or phone DVLA’s Contact Centre to tax their vehicle. This latest update will allow customers to apply online for a new V5C and tax their vehicle at the same time.

    This is the first time that DVLA has linked their online registration service with their online licensing service, allowing the customer to self-serve through the 2 digital channels in one seamless customer journey.

    Julie Lennard, DVLA Chief Executive, said:

    We are always looking for ways to improve our digital services to provide more convenience for motorists. This latest enhancement will enable customers who have misplaced or lost their V5C to get a replacement and tax their vehicle quickly and easily.

    The updated online service is available at http://www.gov.uk/vehicle-log-book

    Press office

    DVLA Press Office
    Longview Road
    Morriston
    Swansea
    SA6 7JL

    Email press.office@dvla.gov.uk

    Only for use by journalists and the media: 0300 123 2407

    Updates to this page

    Published 30 September 2024

    MIL OSI United Kingdom –

  • MIL-OSI NGOs: DRC President Felix Tshisekedi must be held accountable for human rights violations

    Source: Amnesty International –

    By Jean Mobert Senga, Amnesty International’s DRC researcher

    Speaking at the UN General Assembly on 25 September 2024, President Tshisekedi ignored the continuing deterioration of human rights under his own government. The international community must push him to change course.

    At the start of his first term in 2019, President of the Democratic Republic of the Congo (DRC) Felix Tshisekedi promised to protect human rights — but his government appears to have embarked on a crusade against his own pledges.

    The DRC authorities’ response to the armed conflict and inter-communal violence that has ravaged the country for decades has failed to improve the security situation. In some cases, it has made it worse.

    While the international community must address serious human rights abuses by armed groups in eastern DRC, including Rwanda and other countries’ alleged support to some armed groups, it must also increase pressure on President Tshisekedi’s government to uphold human rights, tackle impunity, and address deep-rooted socioeconomic injustices.

    The DRC is enduring one of the most protracted humanitarian crises in the world. From east to west and from north to south, the civilian population faces daily threats of violence from a myriad of armed groups. Congolese soldiers and affiliated militia groups also continue to target civilians and commit horrendous crimes, often with impunity.

    A profound failure

    Internally displaced persons (IDPs), particularly women and girls, disproportionately bear the brunt of this conflict. IDP camps are rife with sexual violence, exacerbated by poor security conditions and insufficient humanitarian aid. The continued failure of the Tshisekedi administration to protect populations made vulnerable by these living conditions is inacceptable.

    The international community must hold the DRC government accountable not only for its failure to prevent and punish sexual violence and attacks against civilians, but also for its inaction in addressing the humanitarian catastrophe. Both the Congolese government and the international community must increase funding for the chronically underfunded humanitarian response to meet the urgent needs of affected populations, including shelter, food, healthcare and education.

    The international community must hold the DRC government accountable not only for its failure to prevent and punish sexual violence and attacks against civilians, but also for its inaction in addressing the humanitarian catastrophe.

    Jean Mobert Senga, DRC Researcher, Amnesty International

    A key contributing factor to the deteriorating human rights situation in the eastern DRC is the ongoing “State of Siege” imposed in North Kivu and Ituri since May 2021. This exceptional measure, which is akin to a state of emergency, has effectively militarized everyday life, concentrating all powers in the hands of military and police officials, including powers which should be those of civilian authorities. Tshisekedi’s government must urgently end the “State of Siege” and work towards a human rights-centred approach to restoring security.

    Meanwhile, a crackdown on dissent has swept the nation under the pretext of defending the country against enemies. Journalists, civil society activists, and political opponents have faced threats, arbitrary detention, and judicial harassment. By weaponizing the judiciary, the Tshisekedi administration has betrayed the hopes and aspirations of those who resisted the repression of their rights under the Kabila regime.

    Equally alarming is the government’s decision in March this year to reinstate the death penalty after more than two decades of hiatus. Military courts have since handed down more than a hundred death penalty sentences, heightening the risk of politically motivated executions.

    The recent tragedy at Makala prison in Kinshasa, where over 120 people died, hundreds were injured, and more than 200 women and girls were subjected to sexual violence, including gang rape, underscores the dire state of prison conditions in the DRC. President Tshisekedi must ensure that the courts conduct a transparent and prompt investigation and prosecute all responsible, including political and security officials who may have failed to prevent these horrific events. The international community must push for and assist in urgent criminal and penitentiary reforms to ensure such tragedies are never repeated.

    Despite repeated calls for justice, the government has so far largely failed to bring both Congolese and foreign perpetrators of crimes under international law to justice. Powerful actors continue to operate with impunity, deepening the cycle of violence. Efforts towards other forms of justice, including compensations and reparations, remain dismally inadequate. Victims and survivors are frustrated by the lack of transparency and the slow pace of these efforts, which often feel more symbolic than substantive.

    Despite repeated calls for justice, the government has so far largely failed to bring both Congolese and foreign perpetrators of crimes under international law to justice. Powerful actors continue to operate with impunity, deepening the cycle of violence.

    Jean Mobert

    It is not only armed conflict that poses an existential threat to thousands of people in the country. The DRC is a critical supplier of copper and cobalt, minerals that are essential to the global transition to renewable energy. However, as highlighted in Amnesty International’s 2023 report “Business as Usual?”, increased investments in the industrial mining sector have led to human rights abuses, including mass forced evictions and environmental pollution, leaving frontline communities in limbo. Toxic pollution and dangerous working conditions continue to plague artisanal miners, particularly in the cobalt-rich southern provinces.

    The international community cannot afford to ignore the grave human rights situation in the DRC any longer. President Tshisekedi’s allies — especially the United States, South Africa, Angola, Belgium, and France — must use their influence to demand accountability for human rights violations.

    This oped first ran in South Africa’s Daily Maverick

    MIL OSI NGO –

  • MIL-OSI: Sydbank share buyback programme: transactions in week 39

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 45/2024

    		 Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk
    30 September 2024  

    Dear Sirs

    Sydbank share buyback programme: transactions in week 39
    On 28 February 2024 Sydbank announced a share buyback programme of DKK 1,200m. The share buyback programme commenced on 4 March 2024 and will be completed by 31 January 2025.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    Announcement

    2,163,000

    		  

    772,968,750.00
    23 September 2024
    24 September 2024
    25 September 2024
    26 September 2024
    27 September 2024    		 17,000
    17,000
    15,000
    15,000
    16,000    		 335.79
    339.99
    335.19
    337.94
    335.70    		 5,708,430.00
    5,779,830.00
    5,027,850.00
    5,069,100.00
    5,371,200.00
    Total over week 39 80,000   26,956,410.00
    Total accumulated during the
    share buyback programme

    2,243,000

    		  

    799,925,160.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank holds a total of 2,325,322 own shares, equal to til 4.26% of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network –

  • MIL-OSI Russia: The government has submitted a draft three-year budget for 2025–2027 to the State Duma

    MILES AXLE Translation. Region: Russian Federation –

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

    The draft law on the federal budget for 2025 and for the planning period of 2026 and 2027 has been submitted to the State Duma for consideration. The order to submit it was signed by Prime Minister Mikhail Mishustin.

    Document

    Order dated September 28, 2024 No. 2693-r

    When drafting the new three-year budget, the Government proceeded from the need to fulfill social obligations to citizens and solve priority tasks outlined by the President.

    Thus, one of the main priorities is targeted support for pregnant women and families with children.

    Submission to the State Duma of the draft federal law developed by the Ministry of Finance “On the federal budget for 2025 and for the planning period of 2026 and 2027”

    12 hours ago

    In particular, over 4 trillion rubles have been allocated for monthly benefits in connection with the birth and upbringing of a child for 2025–2027. Over 1.7 trillion rubles have been planned for the provision of maternity capital, and over 12 billion rubles over three years for subsidies for housing for young families.

    Dmitry Grigorenko on the introduction to the State Duma of the draft federal law developed by the Ministry of Finance “On the federal budget for 2025 and for the planning period of 2026 and 2027”

    12 hours ago

    It is proposed to allocate approximately 37.5 billion rubles to support regional demographic programs aimed at increasing the birth rate.

    The necessary funds have also been allocated for such important areas as hot meals for schoolchildren, payments to class teachers, major repairs and construction of new educational institutions, provision of medicines for beneficiaries, increasing the level of pension provision and resuming indexation of pensions for working pensioners.

    The draft budget allocates over 130 billion rubles to help citizens who find themselves in difficult life situations under the social contract program.

    More than 80 billion rubles are planned for the development of a long-term care system for the elderly and disabled who need such assistance.

    The Government’s priority tasks include the implementation of national projects. A total of more than 18 trillion rubles have been allocated for their financing (19 projects) over three years. Over 40 trillion rubles have been allocated from the federal budget over six years. Compared to the national projects in effect in 2019–2024, funding from the federal budget has been almost doubled.

    An equally important area is financial support for the regions. It is planned to allocate 3.3 trillion rubles annually for these purposes.

    The draft of the new three-year federal budget is based on the basic version of the socio-economic development forecast. It implies that in 2025–2027, economic dynamics will be on a moderate trajectory of 2.5–2.8% of GDP.

    Budget revenues in 2025 will amount to 40.3 trillion rubles, in 2026 – 41.8 trillion rubles, in 2027 – 43.2 trillion rubles.

    Expenditures in 2025 are planned at 41.5 trillion rubles, 44 trillion rubles in 2026, and 45.9 trillion rubles in 2027.

    The execution of the new three-year federal budget is expected with a deficit of 0.5% of GDP in 2025, 0.9% of GDP in 2026 and 1.1% in 2027. During this period, the non-oil and gas deficit will be reduced to 5% of GDP in 2027 (by 2.5 percentage points compared to 2024).

    The main sources of deficit financing in 2025–2027 will be government borrowing. The volume of government debt will remain at a safe level.

    Along with the draft of the new three-year budget, the Government also sent draft budgets of extra-budgetary funds and a number of other bills of decisive importance for public finances to the lower house of parliament.

    This year, the budget package was submitted entirely via electronic communication channels for the first time. This was the result of systematic work to improve the interaction between the Government Office and the State Duma.

    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/52839/

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

    MIL OSI Russia News –

  • MIL-OSI Translation: A new preventive treatment against bronchiolitis in babies will be available from mid-October in the canton

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Canton of Neuchatel Switzerland

    09/30/2024

    ​This fall, babies will be able to benefit from a new preventive medication against acute bronchiolitis. This viral respiratory disease can cause serious complications, particularly in infants under 3 months old. This treatment is recommended by the Neuchâtel Health Authorities and the Neuchâtel Pediatric Society. It will be offered by pediatricians and at the maternity ward of the Neuchâtel Hospital Network.

    Preventive treatment for acute bronchiolitis will be available for babies from mid-October in the canton of Neuchâtel. It will offer them effective protection to get through the winter period. Indeed, each year in Switzerland, nearly 3,000 children under 12 months are hospitalized due to complications caused by this viral respiratory infection. Infants under 3 months are particularly likely to develop severe complications.

    The Neuchâtel Health Authorities and the Neuchâtel Pediatric Society strongly recommend this new preventive medication. For infants born between April 2024 and September 2024, treatment should be carried out from mid-October by the child’s pediatrician. For those born between October 2024 and March 2025, it will be offered directly at the maternity ward of the Neuchâtel Hospital Network (RHNe). It is also indicated for certain children under 2 years of age with a chronic illness.

    Swissmedic has authorised the marketing of this new treatment (immunisation with a specific antibody) in December 2023. The latter allows an 80% reduction in severe bronchiolitis and offers protection for at least five months. It is reimbursed by compulsory health insurance (AOS).

    Simple preventive measures​

    In order to avoid contamination of babies, simple preventive measures are recommended for those around them:

    Further information is available athttp://www.ne.ch/bronchiolitis.

    BodyRight

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

    MIL Translation OSI