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Category: Europe

  • MIL-OSI Europe: Frank Elderson: Europe at a crossroads: it is high time to complete the Single Market

    Source: European Central Bank

    Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the SRB Legal Conference 2025

    Brussels, 18 June 2025

    Thank you for your kind invitation. It is a pleasure to join you this morning to discuss the key obstacles to completing the single European market from the ECB’s perspective.

    40 years ago Jacques Delors presented a now-famous “White Paper”, outlining a bold and comprehensive vision for completing the single European market. This historic document identified 279 obstacles, many of them legal in nature, that stood in the way of the free movement of goods, people, capital and services across Europe.

    Delors’ White Paper did not come out of nowhere – it was conceived as a solution to tackle the challenges plaguing Europe in 1985: eurosclerosis[1], competitiveness crisis, paralysing political tensions. These issues dominated the headlines of the time.

    Policymakers overcame these obstacles with the Single European Act building on a clear and actionable timeline. And the rest, as they say, is history.

    Fast-forward 40 years and we now stand at a similar crossroads in Europe, this time facing even greater challenges. Geopolitical fragmentation is on the rise, sparking demand for more strategic autonomy to ensure we remain the masters of our own destiny. Our economies are undergoing profound structural changes as we navigate the clean energy and digital transitions. Meanwhile, there is a growing concern we are losing out on competitiveness, which risks threatening European standards of living.

    I will start my remarks today by taking a look at why deepening the Single Market matters. I will then cover some of the main obstacles hindering the Single Market from developing its full potential and conclude by outlining a possible way forward.

    In this, I am guided by Jacques Delors’ insight from 40 years ago, which could not be more relevant today – “The time for talk has now passed. The time for action has come.”

    Deepening the Single Market is key for prosperity and our mandates

    Over the past decades the Single Market has delivered remarkable economic results and substantially improved the wellbeing of more than 440 million citizens across the continent.

    ECB economists have found that the Single Market has added between 12% and 22% to long-run EU GDP[2]. We saw a remarkable five-fold increase in the intra-EU trade of goods between 1993 and 2021[3]. And, importantly, the Single Market forms the bedrock of a predictable investment and business environment, founded on the rule of law.[4]

    Yet, markets remain fragmented and too many internal barriers are preventing the Single Market from developing its full potential.

    This is particularly the case for services, which account for around 75% of the EU’s GDP. Soberingly, 60% of barriers to trade in services are still the same as they were 20 years ago. And, worryingly, intra-EU services trade is no higher than services trade with non-EU countries, suggesting that the Single Market for services operates significantly below its potential.

    This self-induced straightjacket comes with a significant price tag.

    The IMF estimates that internal barriers to the Single Market are, on average, equivalent to a tariff of 44% for goods and a staggering 110% for services. These figures underline an ironic reality: while much of our focus is directed at the potential economic impact of external tariffs applied to goods traded with non-EU trading partners, we risk overlooking the far greater burden of self-imposed internal barriers. These barriers are weighing on our economy every single day. Fortunately, unlike external tariffs imposed on us by non-EU countries, the decision to address internal barriers lies entirely within our own competence.

    One might ask: why should deepening the Single Market concern the ECB?

    The establishment of a fully integrated single market could enhance the effectiveness of our monetary policy. The euro area’s single monetary policy cannot be tailored to national circumstances. Economic theory identifies this as one of the inherent costs for countries joining a monetary union. However, merging currencies can still yield substantial net benefits when countries’ economic cycles are closely synchronised, as this ensures that the ECB’s single monetary policy is appropriate for all euro area countries.[5] A deeper internal market works as a catalyst for such synchronisation by aligning the economic structures of the countries subject to a single monetary policy. This is achieved either through enhanced risk sharing and the free movement of goods, services, capital and labour.[6]

    A more integrated single market is also crucial for effective banking supervision. Although we have a Single Rulebook in the banking union, national variations remain within this single prudential rulebook. In addition, foundational elements of the prudential framework, such as accounting standards, securities and insolvency laws, continue to differ across Member States, which adds unnecessary complexity. A more integrated banking system with more harmonised rules would yield significant benefits: it would make the allocation of credit inside the Single Market more efficient while providing opportunities for banks to grow and compete across borders.[7]

    Deepening the internal market also offers broader advantages. It could enhance euro area competitiveness by enabling businesses to scale up, achieve economies of scale and allocate resources more efficiently. Increased competition drives innovation and productivity, while harmonised regulations lower costs and reduce administrative burdens for firms across borders. This environment attracts investment, strengthens supply chains and enhances the euro area’s strategic autonomy by reducing dependence on external markets. These advancements not only support the effectiveness of our monetary policy and banking supervision but also address the challenges of an increasingly fragmented geopolitical landscape.[8]

    But we cannot succeed if we have 27 different policies for our firms and industries.

    We cannot succeed if we fail to recognise professional qualifications across the EU.

    And we certainly will not succeed if we allow a self-defeating spiral of national fragmentation to take hold. Instead, any meaningful debate on growth, productivity and strategic autonomy must begin – and end – with a firm commitment to completing the Single Market and to do so in a timely manner.

    Deepening the Single Market is a legal imperative

    Completing the Single Market is not only necessary in light of the challenges of our times – it is also a legal imperative anchored in the EU Treaties.

    Let me first recall that the ultima ratio of the Single Market is its completion. As long as barriers persist to the free movement of persons, goods, services and capital, the Single Market remains an unfinished promise.

    Second, the completion of the Single Market is not just an aspiration – it is a legal obligation. Article 3.4 of the Treaty on European Union states unequivocally that “the Union shall establish an internal market”. Hence, the Single Market is nothing less than an explicit objective of the Union under the Treaties.

    And third, the Treaties are very clear that the Single Market is a key lever to foster citizens’ welfare and promote the Union’s interests in the world.[9] This is important at a time when increasing strategic autonomy has become essential in light of geopolitical rifts and shifts.

    Thus, completing the Single Market is not merely something that is “nice to have”, something we might do when the moment is right, something that depends on the political winds and tides. It is a legal imperative strongly anchored in the Treaties.

    So, if the Treaties are crystal clear about the need to complete the internal market, one may ask: what are the main impediments to its full completion? And, more importantly, what can be done to address them?

    The “troubling three” for the ECB

    To be clear, Member States and EU institutions are in the driving seat when it comes to addressing the barriers hindering the Single Market – not central bankers or prudential supervisors. However, the ECB very much welcomes the recent momentum to deepen the internal market, and I would like to reflect on this important endeavour from our perspective.

    Encouragingly, the challenge of completing the internal market is well understood. The Commission has accelerated its work on making the Single Market simpler, seamless and stronger.[10] As a first step, the EU and the Member States must work together to prevent the emergence of new barriers. However, to achieve meaningful progress, the EU must also remove the barriers that obstruct the functioning of the Single Market.

    In this regard, the European Commission’s new single market strategy provides a clear and focused roadmap by identifying the “terrible ten” – the most significant barriers that must be addressed.[11] This prioritisation is both pragmatic and effective. While clearly all barriers need to be removed in the long term, the Commission’s strategy wisely concentrates efforts on those whose resolution promises the greatest economic impact.

    Let me highlight three key points relevant for delivering on our mandate.

    Overly complex EU rules

    The first one is complexity. The key issue here is not complexity per se, but excessive complexity. As Albert Einstein wisely said, “Everything should be made as simple as possible, but no simpler”. This principle applies equally to regulation.

    EU market legislation must often balance a wide array of diverse market interests and national policy preferences, which inevitably results in complexity and diverging rules. In this context, we welcome ongoing simplification efforts provided they do not compromise the fundamental purpose of the rules.[12]

    In this respect, it is important to emphasise that reducing complexity is best achieved through European harmonisation, not by lowering regulatory requirements. Harmonisation not only simplifies the legal framework but also makes it more seamless and, when based on best practices, stronger. As I stated earlier this year: don’t cut rules, harmonise them.[13] After all these decades of European integration there is still no better way to simplify and to lower the regulatory burden than to reduce 27 regimes to one.

    Lack of Single Market ownership by Member States

    Another main obstacle to advancing the internal market lies in the fact that it is a shared competence between the EU and the Member States.[14] Member States have legitimate policy interests that may have unintended consequences for the Single Market. Think about areas like consumer protection or health and safety. In these fields, national preferences differ, driving fragmentation and complexity in EU regulation.

    Member States also contribute to market fragmentation through delayed transposition, incorrect application, or overly burdensome and unnecessarily divergent implementation of EU law – a practice commonly referred to as “gold-plating”, although it would be more fitting to speak of “lead-plating” as from a European perspective this practice results in something that is not shiny like gold but heavy like lead.

    Such practices are also evident in banking supervision because the prudential framework also consists of EU directives that need to be transposed into national law.

    For example, in several areas, including licensing and governance, rules differ across Member States because laws transposing EU directives are not fully harmonised. Dealing with a wide array of different national rules is far from ideal for the single European supervisor. Further harmonising the regulatory framework for the banking sector would further enhance our effectiveness as a bank supervisor.

    While harmonisation within the internal market has typically been achieved through directives, there is an increasing reliance on regulations to legislate in the financial sector. Regulations offer a clear advantage: they do not require transposition into national legislation, thereby avoiding delays, transposition deficits and the risk of national preferences diluting the intended benefits of internal market rules. In areas where full harmonisation is currently politically or technically unfeasible, alternative approaches, such as introducing a “28th regime”, could provide a practical and effective interim step.

    Complicated business establishment and operations

    Finally, the establishment and operation of companies across the EU remains unnecessarily complex and costly, largely due to the fragmentation of legal rules across Member States. This hinders businesses, particularly start-ups, from scaling up effectively.

    A related challenge persists in the banking sector where cross-border banking integration remains limited despite the banking union’s Single Rulebook, Single Supervisory Mechanism and Single Resolution Mechanism.

    The advantages of deeper cross-border banking integration are clear.

    Eliminating barriers to integration would enable banks to achieve economies of scale and enhance risk diversification, with cross-border mergers offering opportunities for greater profitability. However, the current limited level of cross-border integration restricts the potential for private risk-sharing within the European banking market. This fragmentation also hampers banks’ ability to optimise liquidity management, ultimately increasing risks to financial stability.[15]

    European banking supervision has taken important steps to tackle obstacles to cross-border banking integration. For example, we issued a guide affirming that cross-border mergers within the euro area will be treated the same as domestic mergers.[16] We clarified that European banking supervision will not hinder banks wishing to convert subsidiaries into branches.[17] Additionally, we made it clear that banks operating across borders through subsidiaries can apply for liquidity waivers to pool liquidity across legal entities. In short, we made it as clear as we could and let me repeat this message just as clearly today: as long as regulatory prudential requirements are met, we will not stand in the way of cross-border banking consolidation and cross-border integration more generally, very much to the contrary.

    However, despite these efforts, progress on financial integration in the euro area remains limited. This indicates that remaining obstacles are influenced by factors unrelated to banking supervision. In this context, reaching a political agreement on the banking union’s third pillar, a European deposit insurance scheme, is more critical than ever. Moreover, avoiding undue fragmentation of the single market and unjustified impact on the freedoms of the Treaty is critical.

    Beyond progress on the banking union, advancing the capital markets union is equally critical, as the two are intrinsically linked and mutually reinforcing.[18] A stronger banking union, for instance, helps prevent shocks from spreading to broader capital markets, while robust capital markets diversify funding sources and reduce banking risks.

    Currently, financial institutions looking to expand across borders face a fragmented landscape of national specificities and procedures, for example, securities, accounting and insolvency laws. Addressing these barriers through the harmonisation of securities laws, accounting frameworks and corporate insolvency rules is essential to fostering a truly integrated financial market.

    Encouragingly, the Commission’s savings and investment union (SIU) proposal, with the capital markets union as a key pillar, brings renewed momentum to these efforts. Swift implementation of the full SIU strategy requires decisive action. At EU level, this includes advancing policy initiatives on supervision, as well as trading and post-trading infrastructure. At national level, reforms such as taxation of cross-border investments remain crucial.

    Conclusion

    Before concluding, let me offer one final practical suggestion drawing from our own experience with the Economic and Monetary Union. The success of the euro was, in part, built on the foundation of a clear and well-defined timeline in the Maastricht Treaty setting out a roadmap for economic convergence and the creation of a common currency.

    Similarly, the adoption of the Single Market in 1993 crucially built on the timeline contained in the Single European Act of 1986, which was championed by Jacques Delors.

    Also today, in light of the mounting challenges we face, we do not have time to waste.

    Also today, we need to move forward and complete the Single Market.

    To effectively drive progress, we need a clear and time-limited roadmap, which includes concrete interim milestones and – crucially – a final “mobilising deadline”, as the governor of the Banque de France has called it.[19]

    We must undertake this endeavour jointly – EU institutions, Member States, businesses – ultimately all of us. Because, ultimately, completing the Single Market concerns all of us.

    As Jacques Delors wisely said “Europe is not just about markets. It is about a way of life.”

    To protect that European way of life and to foster prosperity, strategic autonomy and competitiveness, our best course of action is to timely complete the Single Market.[20]

    Thank you for your attention.

    MIL OSI Europe News –

    June 18, 2025

  • MIL-OSI Security: Appeal for information after police car vandalised in Clapham

    Source: United Kingdom London Metropolitan Police

    Appeal after police vehicle damaged in Clapham

    Officers are appealing to the public for information after a Met police car was damaged in Clapham.

    The car was so badly damaged, with the windscreen smashed after somebody jumped on the bonnet and kicked the glass, that it cannot be used.

    Police were called to Rookery Road, by Clapham Common, at around 18:21 hrs on Saturday, 14 June to reports of an altercation.

    Once they attended one person started attacking the vehicle with others nearby joining in. Thankfully, no officers were injured and the group were dispersed at approximately 20:15hrs.

    Inspector Darren Watson, from the Local Neighbourhood Policing Team in Clapham, said:

    “One of our marked police vehicles, a vital asset in responding and protecting our community, was deliberately damaged. This has rendered the vehicle completely unusable and means there is one less police car available to respond to calls for help.

    “Those responsible have shown a complete disregard for the local community.

    “If you have any information regarding this incident or the identity of those responsible, I urge you to come forward. The information could be the crucial piece of the investigation that helps us identify the suspect and bring them to justice.”

    We’re aware of footage circulating on social media showing a teenage boy in a white top, black and orange shorts and white socks and trainers on the car.

    Anyone with information is asked to contact police by calling 101 or reporting online via our website, quoting reference 01/7614619/25.

    If you wish to remain anonymous, you can contact Crimestoppers on 0800 555 111.

    MIL Security OSI –

    June 18, 2025

  • MIL-OSI Video: UK 🔴 LIVE: Prime Minister’s Questions with British Sign Language (BSL) – 18 June 2025

    Source: United Kingdom UK Parliament (video statements)

    Prime Minister’s Question Time, also referred to as PMQs, takes place every Wednesday the House of Commons sits. It gives MPs the chance to put questions to the Prime Minister, Sir Keir Starmer MP, or a nominated minister.

    In most cases, the session starts with a routine ‘open question’ from an MP about the Prime Minister’s engagements. MPs can then ask supplementary questions on any subject, often one of current political significance.

    The Leader of the Opposition, Kemi Badenoch MP, asks six questions and the leader of the second largest opposition party asks two. If another minister takes the place of the Prime Minister, opposition parties will usually nominate a shadow minister to ask the questions.

    Want to find out more about what’s happening in the House of Commons this week? Follow the House of Commons on:

    Twitter: https://www.twitter.com/HouseofCommons
    Facebook: https://www.facebook.com/ukhouseofcommons
    Instagram: https://www.instagram.com/ukhouseofcommons

    https://www.youtube.com/watch?v=DqIXEma8sxc

    MIL OSI Video –

    June 18, 2025

  • MIL-OSI Video: UK 🔴 PMQs LIVE: Prime Minister’s Questions – 18 June 2025

    Source: United Kingdom UK Parliament (video statements)

    Watch PMQs with British Sign Language (BSL) –

    Prime Minister’s Question Time, also referred to as PMQs, takes place every Wednesday the House of Commons sits. It gives MPs the chance to put questions to the Prime Minister, Sir Keir Starmer MP, or a nominated minister.

    In most cases, the session starts with a routine ‘open question’ from an MP about the Prime Minister’s engagements. MPs can then ask supplementary questions on any subject, often one of current political significance.

    The Leader of the Opposition, Kemi Badenoch MP, asks six questions and the leader of the second largest opposition party asks two. If another minister takes the place of the Prime Minister, opposition parties will usually nominate a shadow minister to ask the questions.

    Want to find out more about what’s happening in the House of Commons this week? Follow the House of Commons on:

    Twitter: https://www.twitter.com/HouseofCommons
    Facebook: https://www.facebook.com/ukhouseofcommons
    Instagram: https://www.instagram.com/ukhouseofcommons

    https://www.youtube.com/watch?v=JE39Q-3TVkI

    MIL OSI Video –

    June 18, 2025

  • MIL-OSI Russia: “Spring Labor Watch” of Polytechnic student teams

    Translation. Region: Russian Federal

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

    This year, 17 student teams from the Polytechnic University went to the “Spring Labor Watch” – an annual volunteer event to provide assistance to urban and rural settlements and their residents. Every year it becomes larger: both the number of participants and the volume of work grow.

    The work shift of the Polytechnic student teams extended from Karelia to the Pskov region. Six teams worked at the Polytechnic University facilities. At the Severny recreation center in the Priozersk district of the Leningrad region, the Skovoroda and Nika construction teams, as well as the Los agricultural team, helped with landscaping. In the Krasnodar region, at the Polytechnic health and recreation center, the BORSCH construction team was engaged in painting and household chores. Members of the Provorny guide team cleaned the territory of the Polytechnic educational and tourist center in Ushkovo, and the Vikhr construction team improved the Polytechnic educational and sports center in Toksovo.

    The SSO “Flame” worked in the children’s health camp “Chaika” in the Priozersky district of the Leningrad region, “Iskra” – in the women’s skete of the Holy Dormition Svyatogorsky Monastery in the village of Izvoz in the Pskov region, “Orion” and “GOST” – in the village of Syandeba in the Olonetsky district of the Republic of Karelia, “Molot” – in the Educational and Historical Reserve “Prince A. G. Gagarin’s Estate “Kholomki” in the Pskov region.

    The labor landing party of the agricultural brigades “Django” and “Astra” landed in Staraya Ladoga in the Volkhov district and in the village of Lyubytino in the Novgorod region.

    Archaeological teams also did not remain on the sidelines: “Alabaster” and “Argo” worked at the “Krasnaya Gorka” fort in the Lebyazhensky urban settlement of the Lomonosovsky district, “Archon” – in the “Gontovaya Lipka” tract of the Kirovsky district of the Leningrad region, ARTIFEX – in the Uspenskaya Makaryevskaya Hermitage in the Lyubansky urban settlement of the Tosnensky district.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI: Nokia launches Autonomous Network Fabric to help customers accelerate network automation

    Source: GlobeNewswire (MIL-OSI)

    Press release
    Nokia launches Autonomous Network Fabric to help customers accelerate network automation

    • Nokia Autonomous Network Fabric brings together all the capabilities required to accelerate the journey to full network automation in an open, cloud-native, multi-vendor environment.
    • Key features include a library of cross-domain correlated data products, telco-trained models (LLM/LAM/ML), integrated security, and AI apps for automation workflows.
    • Nokia announces an expanded collaboration with Google Cloud that will make Nokia’s Autonomous Network Fabric available to deploy anywhere customers need it, on Google Cloud, on premises, and in hybrid cloud environments.

    18 June 2025 
    Espoo, Finland – Nokia today announced its Autonomous Networks Fabric, the industry’s first suite of telco-trained AI models, integrated security, and AI apps to accelerate network automation and enable operators to easily roll out new services. Autonomous Network Fabric is a unifying intelligence layer that weaves together observability, analytics, security, and automation across every network domain; allowing a network to behave as one adaptive system, regardless of vendor, architecture, or deployment model. 

    Additionally, Nokia is announcing an expanded collaboration with Google Cloud to enable customers to deploy Nokia’s Autonomous Network Fabric as a SaaS application running on Google Cloud, on-premises with Google Distributed Cloud, and in hybrid cloud environments.
    Over the past few years, operators have started to move toward fully autonomous networks. However, they are held back by legacy systems, siloed processes, and fragmented data. With Nokia’s Autonomous Network Fabric, operators now have a fully integrated suite that features unified data management, 360-degree observability, and explainable AI. Nokia’s Autonomous Network Fabric enables automation at scale, reducing the complexity of automation while allowing operators to improve reliability and operational cost savings by quickly testing new ideas and integrating those that deliver desired benefits.  

    “As networks become more autonomous, they will require different forms of AI—from classical algorithms to language-based systems and intelligent agents—to each contribute distinct capabilities for operators. Nokia’s new tools can help operators to manage their infrastructure, services, and cyber risks by applying AI that is trained on industry-specific data and enriched with real-time situational awareness,” said Andy Hicks, Senior Principal Analyst, GlobalData. 

    Nokia’s Autonomous Networks Fabric will leverage Google Cloud’s generative AI, including Google Cloud’s Vertex AI and BigQuery, to deliver agentic-driven workflows for network operations. This includes real-time monitoring and visibility into network traffic patterns, improving subscriber experience, anomaly detection, zero-touch remediation of performance issues, and support for elastic scale-out and disaster recovery to the cloud.

    Nokia and Google Cloud are making it easier for telecom companies to run Nokia’s 5G core network on Google’s cloud infrastructure. They are also joining forces with a major European operator to build a smarter, more automated network. By combining Nokia’s telecom data and automation capabilities with Google’s AI tools, they aim to create an environment where developers can innovate and rapidly scale network automation.

    “In an era of increasingly complex and vulnerable networks, customers are eager for fully autonomous networks, which depend on good data. There is no good AI without good data. Nokia’s Autonomous Network Fabric lays the foundation and applies our deep network expertise and agentic AI-optimized workflows together with Google Cloud to accelerate customer outcomes,” said Kal De, SVP Product and Engineering, Cloud and Network Services, Nokia.

    “This is another step in our deep partnership with Nokia to strengthen network reliability, proactively detect and resolve network issues, and turn data into value for predictable and high-performing networks. Nokia’s Autonomous Network Fabric taps Nokia’s deep telecom domain knowledge combined with Google Cloud’s AI tools to provide operators with a comprehensive approach for accelerating network automation,” said Muninder Singh Sambi, Vice President and General Manager, Networking and Security, Google Cloud.

    With Nokia’s Autonomous Network Fabric, customer will benefit from the following capabilities:

    Unified Data Management: All relevant network data is collected, curated, correlated, and published as data products leveraging a data mesh architecture. Data is virtually federated with the ability to design and construct new data products rapidly in a low-code/no-code environment. Operators can use logic or AI/ML to create cutting-edge data assets that can be used and reused to power automation. 

    360-degree Observability: The Autonomous Network Fabric federates the use and distribution of data and AI across the organization, monitoring chain of custody from end to end. This ensures quality and consistency in automation. 

    Explainable AI: Powerful telco-trained LLMs support all automation through a rich knowledge engine that gives a clear reasoning for how data is interpreted, how issues are analyzed, and why certain actions are recommended.

    Visit Nokia at Booth 306 at Digital Transformation World to find out more about the future of autonomous networks and see a live demo of Nokia AN Fabric in action.    

    Multimedia, technical information and related news 
    Product Page: Nokia Autonomous Networks 
    Product Page: Nokia Data Suite

    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, which is celebrating 100 years of innovation.  

    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 Press Office 
    Email: Press.Services@nokia.com 

    Follow us on social media 
    LinkedIn X Instagram Facebook YouTube  

    The MIL Network –

    June 18, 2025

  • MIL-OSI: Institutional Demand Supports Crypto as Bitwise marks five-year anniversary of listing its first European product

    Source: GlobeNewswire (MIL-OSI)

    • Five-year anniversary of Bitwise Physical Bitcoin ETP (BTCE) listing – first spot crypto ETP on Deutsche Börse Xetra
    • Use of German regulator approved prospectus, and an innovative, robust product structure contributed to broader market adoption
    • Adding value: €100 invested into BTCE at launch would now be worth over €1,0001– long-term trends continue to support investor interest in digital assets

    June 18, 2025. Frankfurt: Bitwise today celebrates the five-year anniversary of its first European product: the Bitwise Physical Bitcoin ETP (BTCE), the world’s first-ever centrally cleared Bitcoin ETP. The listing on 18 June 2020 marked Bitwise’s debut in European markets and became a catalyst for a wave of listings of crypto products on Xetra, Europe’s largest ETF trading venue.

    Bradley Duke, Head of Europe at Bitwise, said: “Reaching the five-year mark is not just a milestone, it is also a point of reflection on our long-term vision and commitment to building transparent, reliable, and secure access to digital asset investments for European investors. Bitwise is 100% focused on crypto, but many of our experts come from traditional finance, putting us in a unique position to accompany investors on their journey into this new and unique investment class. We thank the pioneering investors and partners who believed in this asset class early on, and we look forward to continuing to serve the evolving needs of the market.”

    Stephan Kraus, Head of ETF & ETP at Deutsche Boerse, said: “We congratulate Bitwise on the fifth anniversary of its Bitcoin ETP on Xetra. The listing of this pioneering product marked the start of our segment for crypto ETNs and was an important step towards giving investors access to the performance of cryptocurrencies in a regulated market environment. It was also the first centrally-cleared product of its kind in the world. As the largest trading venue for crypto ETNs in Europe, we greatly appreciate the partnership with Bitwise, and look forward to continued collaboration.”

    A market benchmark for product design and transparency

    BTCE is now one of Europe’s largest physically backed Bitcoin ETPs by assets under management and the most actively traded. Its structure — featuring full physical backing, physical redemption option, and a strict no-lending policy — has set a new standard for crypto ETP design and reflects the priorities of investors who demanded greater transparency from the outset. Bitwise is grateful to the early adopters who set high expectations and helped raise the standard across the industry.

    Transparency remains central to Bitwise’s approach. Weekly balance reports are published by an independent administrator, and the blockchain addresses of Bitwise’s primary BTC and ETH product custody wallets are publicly disclosed, enabling any investor to verify collateral levels independently. To further reduce operational risk, Bitwise pioneered a safeguard mechanism requiring all crypto and securities asset movements to be approved by an independent transaction administrator, who holds a legally enforceable veto right embedded in the Bitwise ETP structure.

    Bitwise’s management company is ISO/IEC 27001:2017 certified, reflecting its commitment to operational integrity. With no proprietary trading, Bitwise remains fully aligned with client interests.

    As cryptoassets become an accepted component of diversified portfolios, Bitwise continues to support investors with practical tools and evidence-based insights. Internal analysis shows that adding a 5% allocation to Bitcoin within a traditional 60/40 portfolio between 2014 and 2025 would have increased average annual returns from 6.2% to 10.6%, with limited impact on volatility, drawdowns, or risk-adjusted returns.
    Today, more than 250 crypto ETPs are listed across XETRA and other leading European exchanges. Bitwise’s offering has grown in tandem with investor demand, expanding beyond single asset strategies such as Bitcoin, Ethereum, and Solana to include diversified crypto baskets and index-based staking ETPs.

    Bitwise products are designed to integrate seamlessly into professional portfolios, offering exposure to cryptoassets through regulated vehicles— without the operational risks of holding a physical wallet. They are also accessible to individual investors via leading brokerage platforms, with features such as physical redemption included as standard.

    Fundamental trends supporting the demand for crypto assets

    Bitwise believes that a number of fundamental trends may support the value of crypto assets over the long term. In portfolio context, digital assets can be deployed as effective hedge against inflation that is not as susceptible to fiscal or global trade political agendas as traditional currencies. Crypto is more widely accepted by Gen Z investors, who are about to benefit from a wealth transfer from some of the richest generations that ever existed. Many coins have use cases that are independent of their use as a currency. And finally, crypto assets are a welcome solution for the unbanked or underbanked, particularly in parts of the world that are politically unstable. With crypto, access to a smartphone and the internet is enough to make payments.

    Bitwise is continuing to launch innovative new products regularly, such as the Bitwise Diaman Bitcoin & Gold ETP launched in March. Bitwise ETPs can be seamlessly integrated into standard brokerage or ETF portfolio accounts and are often eligible for SIPP and ISA inclusion, making them accessible for long-term investment planning in the UK.

    Resources:

    Dedicated website for the 5 year anniversary of BTCE

    About Bitwise

    Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence, managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies – spanning both the U.S. and Europe.

    In Europe, for the past five years Bitwise (formerly ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s most traded bitcoin ETP, or the first diversified Crypto Basket ETP replicating an MSCI digital assets index.

    This family of crypto ETPs is domiciled in Germany and issued under a base prospectus approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

    Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe. Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature. For more information, visit http://www.bitwiseinvestments.eu

    Media contacts:

    JEA Associates
    John McLeod
    00 44 7886 920436
    john@jeaassociates.com

    Important information
    This press release does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This press release is issued by Bitwise Europe GmbH (“BEU”), a limited company domiciled in Germany, for information only and in accordance with all applicable laws and regulations. BEU gives no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.

    Before investing in crypto Exchange Traded Products (“ETPs”), potential investors should consider the following:
    Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors. ETPs issued by BEU are suitable only for persons experienced in investing in cryptocurrencies and risks of investing can be found in the prospectus and final terms available on www.bitwiseinvestments.eu. The invested capital is at risk, and losses up to the amount invested are possible. ETPs backed by cryptocurrencies are highly volatile assets and performance is unpredictable. Past performance is not a reliable indicator of future performance. The market price of ETPs will vary and they do not offer a fixed income or match precisely the performance of the underlying cryptocurrency. Investing in ETPs involves numerous risks including general market risks relating to underlying, adverse price movements, currency, liquidity, operational, legal and regulatory risks.

    1 Bloomberg, BTCE GY, data from 18 June 2020 to 27 May 2025

    The MIL Network –

    June 18, 2025

  • MIL-OSI China: China showcases its top aviation products at 55th Paris Air Show

    Source: People’s Republic of China – State Council News

    People visit the booth of Aviation Industry Corporation of China (AVIC) during the 55th Paris Air Show at Le Bourget Airport near Paris, France, June 17, 2025.

    The 55th edition of the Paris Air Show officially opened on Monday and will run until June 22. China is showcasing some of its top aviation products at the exhibition. (Xinhua/Gao Jing)

    1   2   3   4   5   6   7   8   9   10   >  

    MIL OSI China News –

    June 18, 2025

  • MIL-OSI Russia: The CPC Central Committee held a symposium to mark the 120th anniversary of Comrade Chen Yun’s birth, at which Xi Jinping delivered an important speech.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 18 (Xinhua) — The Central Committee of the Communist Party of China (CPC) held a symposium to mark the 120th anniversary of Comrade Chen Yun’s birth at the Great Hall of the People on the morning of June 13. General Secretary of the CPC Central Committee and Chinese President and Chairman of the Central Military Commission Xi Jinping delivered an important speech, stressing that Comrade Chen Yun’s life was truly great and glorious. The high moral principles he established, the rich leadership experience he gained, and the scientific thinking and work he systematized are all priceless assets for eternity. This precious spiritual heritage should be thoroughly studied, creatively applied, and developed and glorified in keeping with contemporary realities. With the determination to move forward with determination and work hard in the new era and new campaign, we will make unremitting efforts to comprehensively advance China’s development into a great country and the great rejuvenation of the Chinese nation through Chinese modernization.

    Li Qiang, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi attended the event. Zhao Leji, a member of the Standing Committee of the Politburo of the CPC Central Committee, chaired the symposium.

    In his speech, Xi Jinping paid tribute to Comrade Chen Yun’s brilliant life and summed up his immortal merits in the historical process of revolution, construction and reform of the country, stressing that Comrade Chen Yun was a great proletarian revolutionary and political figure, an outstanding Marxist, one of the pioneers of the formation of socialist economy in China, and a time-tested outstanding leader of the Party and state. As an important member of both the first-generation leading staff of the CPC Central Committee with Comrade Mao Zedong at its core and the second-generation leading staff of the CPC Central Committee with Comrade Deng Xiaoping at its core, Comrade Chen Yun made great contributions to the cause of the Party and the people.

    In his many years of revolutionary activity, Comrade Chen Yun upheld and defended unwavering adherence to his ideals and convictions, unwavering adherence to Party principles, a pragmatic work style based on the pursuit of truth, sincere and devoted service to the people, and an unremitting pursuit of learning, Xi Jinping noted. These qualities embody the lofty moral values inherent in a communist. Following Comrade Chen Yun’s example, we should cultivate high moral qualities and strengthen faith in our ideals and convictions, remain confident of inevitable victory, and demonstrate political steadfastness in the face of a changing and complex situation characterized by a mixture of instability and uncertainty. At the same time, we must consciously implement selfless service to the people as the fundamental purpose of the Party, firmly adhere to the Party’s mass line in the new era, and, relying on the creative power of the people, accomplish the great historical cause. It is important to ensure that the spirit of the “Eight Points” of the CPC Central Committee is deeply implemented, backed up by real achievements in improving the work style, and thereby gain broad support from the people.

    Xi Jinping focused on the fact that, regardless of the leading position and the scope of responsibility, Comrade Chen Yun invariably demonstrated exceptional zeal in his studies, the depth of analysis of issues, the ability to identify patterns and penetrate the essence of the matter. Outstanding leadership qualities and the rich experience of the leadership of comrade Chen Yunya are a valuable heritage that retains its relevance to this day. We must study and master the extensive experience of the leadership of comrade Chen Yun, directing our efforts both to build the party’s potential in the leadership of socio-economic development, and to increase the efficiency of party construction. It is fundamentally important to strengthen the leading role of the party in economic work, deepening the understanding of the objective laws of socialist economic construction. It is necessary to fully, accurately and comprehensively implement a new concept of development, accelerate the formation of new development architecture and steadily contribute to the achievement of high -quality development. The dynamic and confident stimulation of a comprehensive deepening of the reforms in the future, along with the decisive and consistent expansion of the horizons of high -level openness to the outside world, are designed to give a new impetus and inexhaustible energy process of Chinese modernization. The intensive promotion of the comprehensive arrangement of the intra -party management and continuous contribution to self -purification, self -improvement, self -renewal and its own growth of the party makes it possible to create reliable guarantees so that the party always serves strong leading core in socialism with Chinese specifics.

    As Xi Jinping pointed out, steady adherence to the principle of realistic analysis of reality based on facts was a distinctive feature of comrade Chen Yun. In his creative arsenal there is a quintessence of materialistic dialectics, expressed in the laconic “fifteen -eared motto”: “Do not lift the opinions of the authorities over yourself, do not follow blindly book dogmas, rely only on facts, exchange opinions, compare and rethink.” Possessing the ability to apply strategic thinking, Comrade Chen Yun considered a preliminary study and study a prerequisite for making reasonable decisions. It is necessary to master the scientific methods of thinking and work embodied by Comrade Chen Yun. Adhering to the ideological line of the party, we must deeply study and effectively apply the worldview and methodological foundations of ideas about socialism with the Chinese specificity of the new era, as well as the positions, points of view and methods contained in them. This will provide us with the opportunity to adequately evaluate the current situation, in a scientific plan to plan development prospects and consistently increase the systemicity, prudence and creative potential of our work. It is necessary to pay special attention to improving the quality of examination and study in order to timely identify and correctly evaluate new circumstances, new problems and new trends in socio-economic development. Only on the basis of a clear definition of needs at the lower level and a deep understanding of the aspects of the masses can be developed and decisions that are more consistent with the realities and expectations of the people.

    Chairmaning at the Symposium, Zhao Lesji noted that in his important speech, General Secretary of Xi Jinping with spiritual warmth and deep respect paid tribute to the life of Chang Yun’s life path, characterizing him as great and glorious. Highly appreciating the immortal contribution of Chen Yun to the Communist Party of China and the Chinese people, Xi Jinping addressed all members of the party calling for an example of Chen Yuni and comprehend the depth of his spiritual heritage, which includes high moral qualities, the rich experience of managing work and a scientific-based approach to thinking and work. Zhao Lesji noted that the performance of the Secretary General, made by him from the dominant height of strategic wisdom and far -sighted planning, has significant political, ideological and directive value. It is of great importance for the CCP in terms of firmly following the path of socialism with Chinese specifics, a steady continuation of the policy of reform and the openness and advance of the Chinese modernization, and requires a thorough study, deep understanding and effective implementation in practice. Zhao Lesji called for more closely rally around the CPC Central Committee, whose core is Comrade Xi Jinping, to comprehensively implement the spirit of the 20th All-Chinese Congress of the CPC, the 2nd and 3rd plenums of the Central Committee of the CPC of the 20th convocation under the guidance of the ideas of Xi Jinping about socialism with the Chinese specificity of the new era, and it is not good to fight for the comprehensive Promoting the great work of building a powerful power and national revival at the expense of Chinese modernization.

    The symposium featured speeches by Qu Qingshan, Director of the Institute for the Study of Party History and Documentation under the CPC Central Committee; Liu Qi, Secretary General of the Standing Committee of the National People’s Congress; Wang Zhijun, Deputy Secretary General of the State Council; and Gong Zheng, Mayor of Shanghai.

    The symposium was attended by members of the Secretariat of the CPC Central Committee, relevant leading comrades from the Standing Committee of the National People’s Congress, the State Council, the National Committee of the Chinese People’s Political Consultative Conference and the Central Military Commission.

    The participants of the symposium included responsible comrades from the competent bodies of the central party, government and military departments, mass organizations, responsible comrades from the cities of Beijing and Shanghai, relatives of Comrade Chen Yun, representatives from his small homeland, as well as comrades who worked alongside him in different years. -0-

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI Russia: New Mongolian government sworn in

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    ULAN BATOR, June 18 (Xinhua) — A new government led by Mongolian Prime Minister Gombojavin Zandanshatar was sworn in at the Government Palace in Ulan Bator on Wednesday.

    On Tuesday, the ruling Mongolian People’s Party (MPP), the HUN (Labour National Party) and the Civil Will-Green Party agreed to form a joint government consisting of a prime minister, 19 ministers and 16 ministries.

    Among them are 16 ministers from the MPP, two ministers from the HUN party and one from the Civic Will-Greens party.

    G. Zandanshatar retained some ministers from the government of Luvsannamsrain Oyun-Erdene, including Minister of Energy Battogtokhyn Choijilsuren, Minister of Roads and Transport Borkhuugiyn Delgersaikhan and Minister of Finance Boldyn Zhavkhlan.

    HUN Party leader Togmidyn Dorjkhand has been appointed Deputy Prime Minister for Emergency Situations. HUN Party’s Purevsurengiin Naranbayar will continue to serve as Education Minister. Civil Will-Greens Party Chairman Batyn Batbaatar will assume the duties of Environment and Climate Change Minister.

    The new cabinet is expected to focus on promptly addressing Mongolia’s development issues and strengthening national unity. –0–

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI Russia: Egypt’s Foreign Minister Calls for Stopping Military Escalation Between Israel and Iran

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    CAIRO, June 18 (Xinhua) — Egyptian Foreign Minister Badr Abdel Atty on Tuesday called for an end to the ongoing military escalation between Israel and Iran in two separate phone calls with U.S. Special Presidential Envoy for the Middle East Steven Witkoff and Iranian Foreign Minister Abbas Araghchi.

    During the telephone conversation, B. Abdel Aty stressed the need to work towards de-escalation in the region and to seek diplomatic and political solutions that help contain the escalation of the situation and prevent the risk of a large-scale conflict in the Middle East, the Egyptian Foreign Ministry said in a statement.

    He stressed the need for an immediate ceasefire and a return to negotiations as the only means of achieving a sustainable agreement on the Iranian nuclear program.

    B. Abdel Aty further reiterated the need to prevent the conflict from spreading and plunging the region into all-encompassing chaos that would harm all parties.

    The ongoing Israeli-Iranian conflict began on June 13, when Israel launched large-scale airstrikes on Iranian nuclear and military sites, killing several senior Iranian commanders and nuclear scientists. Iran then retaliated with missiles and drones into Israeli territory. The five-day conflict has left at least 244 people dead in Iran and 24 in Israel. –0–

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI Russia: Trade and economic cooperation between XUAR and Central Asian countries continues to deepen

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    URUMQI, June 18 (Xinhua) — Trade and economic ties between northwest China’s Xinjiang Uygur Autonomous Region (XUAR) and Central Asian countries (CA) continue to deepen, with the volume of trade steadily growing, local customs officials said.

    According to the agency, in the first five months of this year, the volume of foreign trade between Xinjiang and the five Central Asian countries exceeded 100 billion yuan, which accounted for 39.4 percent of the total volume of foreign trade between China and the five Central Asian countries.

    In particular, in January-May 2025, the volume of agricultural exports from XUAR to five Central Asian countries amounted to 4.47 billion yuan, which is 100.1 percent more than a year earlier. The increased agricultural export items included such items as dried and fresh fruits, nuts, grains, vegetables, edible mushrooms, alcoholic and non-alcoholic beverages.

    In recent years, checkpoints in XUAR have continuously deepened trade and economic contacts with Central Asian countries. For example, the Karasu checkpoint, located in the Xinjiang Uygur Autonomous Region /Northwest China/, is the only land checkpoint on the border between China and Tajikistan. In recent years, it has become an important window for exchanges and cooperation between the two countries.

    The data show that there was a significant increase in the number of people and vehicles entering and leaving China through the Karasu Port in January-May 2025. In particular, the number of commercial vehicles exported through the Karasu Port during the reporting period jumped 102.4 percent to 9,096 units.

    Urumqi Customs representative Cheng Tao noted that in the future, the customs will continue to improve the efficiency of customs clearance, fully utilize the advantages to promote stable growth of trade turnover between XUAR and Central Asian countries. -0-

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI Russia: Trade and Economic Expo Shows High Interest in China-Africa Cooperation

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    CHANGSHA, June 17 (Xinhua) — The 4th China-Africa Economic and Trade Expo held in Changsha, capital of central China’s Hunan Province, over the weekend showed high interest in cooperation from both sides. In this picture, the Minister Counselor of the Ethiopian Embassy conducts a live stream during the expo (June 14).

    CHANGSHA, June 17 (Xinhua) — The 4th China-Africa Economic and Trade Expo held in Changsha, capital of central China’s Hunan Province, over the weekend showed high interest in cooperation from both sides.

    CHANGSHA, June 17 (Xinhua) — The 4th China-Africa Economic and Trade Expo held in Changsha, capital of central China’s Hunan Province, over the weekend showed high interest in cooperation from both sides.

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI Video: Tackling Hatred in Society: EU citizens influencing EU policies

    Source: European Commission (video statements)

    Watch how 150 randomly selected EU citizens are tackling hatred in society by shaping EU policies.
    Follow the story of Gemma, from Sicily, Martin, from Slovakia and Daniel, from Germany, and find out how they actively participated in designing the future EU policies aimed at combating hatred and discrimination in our society.
    During in-person working groups and online meetings, the citizens have analysed and debated so that at the end to present 21 concrete recommendations to the European Commission on how to tackle hatred in society

    00:00 Meet the heroes
    00:17 The lessons learned

    https://www.youtube.com/shorts/eIaXbJp9ip4

    MIL OSI Video –

    June 18, 2025

  • MIL-OSI Video: Combating hate in society: How people are shaping EU policies

    Source: European Commission (video statements)

    Imagine the EU asks you to help with combating hate in society by shaping its policies. Do you say yes?

    Gemma – a lovely Italian grandma, Martin – an actor and drag performer from Slovakia, Daniel – a cargo office agent from Germany, and 147 other randomly selected EU citizens didn’t just imagine it—they lived it. Over three weekends in Brussels, they engaged in fruitful debates and discussions on how to tackle hatred in society.
    The result? 21 concrete recommendations presented to the European Commission.

    Want to discover how their insights influenced the discussion? Follow their journey on the European Citizens’ Panel on Tackling Hatred in Society.
    ▬▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬

    00:00 Introduction
    01:57 The state of Hate in Society
    03:36 Bringing people together
    04:12 Going beyond prejudice
    04:55 How hate can take lives
    05:49 Accepting Differences
    06:50 People’s recommendations

    Watch on the Audiovisual Portal of the European Commission: https://audiovisual.ec.europa.eu/en/video/I-264626

    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=Acymq8B02Yg

    MIL OSI Video –

    June 18, 2025

  • MIL-OSI United Kingdom: PM meeting with President Lee Jae Myung of the Republic of Korea: 17 June 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    PM meeting with President Lee Jae Myung of the Republic of Korea: 17 June 2025

    The Prime Minister met President Lee Jae Myung of the Republic of Korea at the G7 Summit

    The Prime Minister met President Lee Jae Myung of the Republic of Korea at the G7 Summit this afternoon and congratulated him on his recent election victory.

    Both leaders agreed to aim to complete the upgrade the existing Free Trade Agreement between the two countries as soon as possible.

    They also agreed on the need to cooperate on addressing the climate crisis and reducing carbon emissions. 

    Finally, the leaders discussed support for Ukraine and the challenges posed by Democratic People’s Republic of Korea.

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    Published 18 June 2025

    MIL OSI United Kingdom –

    June 18, 2025

  • MIL-OSI: Agentic AI integration set to accelerate this year among Gen AI early adopters

    Source: GlobeNewswire (MIL-OSI)

    Press contact: 
    Antara Nandy
    Tel.: +91 9674515119  
    Email: antara.nandy@capgemini.com

    Agentic AI integration set to accelerate this year among Gen AI early adopters

    • Two in five organizations expect to achieve positive return on their AI investments in 1-3 years
    • By embedding a targeted set of AI capabilities into core business processes such as procurement, customer service, supply chain optimization, and finance operations, organizations are already achieving significant cost efficiencies

    Paris, June 18, 2025 – A Capgemini Research Institute report published today, ‘AI in action: How Gen AI and agentic AI redefine business operations,’ finds that AI is now driving positive returns on investment (ROI), with the average being nearly a 1.7 times return. The report highlights that this has now laid the groundwork for widespread agentic AI implementation. Among those early adopter organizations that have implemented generative AI (Gen AI), around 30% have already integrated AI agents into their business operations. Agentic AI projects are expected to rise by 48% by the end of 2025. The research also finds that one in five organizations already use AI agents or multi-agent systems, with Gen AI and agentic AI already delivering significant cost savings and operational efficiencies in business functions.

    With businesses planning investments in AI infrastructure, some organizations had expressed concerns about achieving ROI from their large-scale AI and Gen AI rollouts. However, the report finds that these initial concerns are fading fast, as enterprises are now seeing substantial returns, with those surveyed achieving a 1.7 times ROI from their Gen AI and AI investments. As a result, enterprises are increasing their Gen AI investments, with 62% of those surveyed growing their investment in Gen AI this year as compared to last year.

    “Gen AI and agentic AI can truly transform business services – enabling the shift from traditional cost-focused models towards an AI-enabled, value and insight driven business. Those that adopt an integrated approach with data and AI at its core will be set to achieve a truly connected, frictionless enterprise,” said Oliver Pfeil, CEO of Business Services at Capgemini and Member of the Group Executive Committee. “While the research suggests increased adoption of AI agents, organizations still face numerous barriers to implementation at scale. Adopting a pragmatic approach, fostering trust in AI, and creating a strong data foundation will go a long way in transforming business services into a strategic powerhouse to fuel any enterprise.”

    Gen AI adoption has laid the groundwork for agentic AI implementation
    Gen AI is expected to drive improvements in key metrics such as insight accuracy, productivity, time to market, and customer and employee experience over the next three years. As a result, more businesses are seeing the value of Gen AI, with 36% of organizations already implementing it, up from 20% last year. Among those that have adopted Gen AI at a limited or full scale, around 30% have integrated AI agents into their operations.
    The total number of AI agent projects in an average organization are expected to grow 48% in 2025.

    According to the report, AI agents are already delivering significant benefits across business functions, with agents and multi-agent systems reducing errors, improving customer satisfaction levels, increasing operational efficiency, and reducing operational costs. The top five industries adopting AI agents are high tech, industrial manufacturing, consumer products, energy & utilities, and pharma & healthcare.

    Strong leadership and workforce transformation are key to faster returns
    To achieve strong ROI on Gen AI investments, organizations should focus on developing strong leadership, governance, and AI readiness. According to the report, organizations who establish this foundation achieve ROI 45% faster. However, most enterprises currently lack this strong leadership, with only one in three leaders being a strong advocate of Gen AI.

    In addition, organizations must also transform their workforce to derive business value cites the report. In the past two years, enterprises that introduced automation and AI-based use cases have been able to automate 30% of operational tasks, and expect to automate further in the next two years. As responsibilities evolve, organizational upskilling, reskilling, training and job role transitions will feature highly, with almost two-thirds of employees expecting to see their job descriptions altered by 2028. According to the report, employee interaction with AI agents is expected to increase by 2028, so training and upskilling will be needed to prepare workforces for effective human-AI collaboration.

    Report Methodology
    The Capgemini Research Institute conducted a survey of 1,607 executives from organizations with at least $1 billion in global revenue in the last financial year, who are responsible and accountable for one or more AI and gen AI initiatives in business operations. Executives were from supply chain & procurement, finance & accounting, people operations, customer operations, AI leadership and strategy, AI application development and maintenance, AI ethics, regulations, and compliance functions. The executives were from 15 countries across multiple regions and spanning 13 industries. The Institute also interviewed 15 senior executives leading business operations and AI implementation at their respective organizations from across sectors and countries.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get The Future You Want | www.capgemini.com

    About the Capgemini Research Institute
    The Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team draws on the worldwide network of Capgemini experts and works closely with academic and technology partners. The Institute has dedicated research centers in India, Singapore, the United Kingdom and the United States. It was ranked #1 in the world for the quality of its research by independent analysts for six consecutive times – an industry first.

    Visit us at https://www.capgemini.com/researchinstitute/

    Attachments

    • 06_18_Capgemini news alert_AI in Business Operations CRI report
    • Final-Infographic-AI-in-Business-Operations

    The MIL Network –

    June 18, 2025

  • MIL-Evening Report: Gay and bisexual men will soon be able to donate blood and plasma

    Source: The Conversation (Au and NZ) – By Yasmin Mowat, Clinical Project Manager, Kirby Institute, UNSW Sydney

    AnnaStills/Getty Images

    Many gay and bisexual men have been excluded from donating blood and plasma (the liquid portion of blood) for decades because of rules developed during the HIV crisis in the 1980s.

    The Australian Red Cross’ blood donation arm, Lifeblood, has announced these restrictions will be lifted. This opens donation pathways for many gay and bisexual men, and other men who have sex with men.

    What’s changing for plasma donation?

    From July 14, Lifeblood will remove sexual activity-based restrictions for plasma donation for medicines made with plasma, except for those who’ve recently had sex with a partner known to have HIV or another blood-borne virus.

    This world-first “plasma pathway” policy will allow most people, including gay and bisexual men, to donate plasma immediately regardless of sexual activity, provided they meet other criteria.

    What’s changing for other blood donation?

    The Therapeutic Goods Administration (TGA) has approved a gender-neutral risk assessment for blood and platelet donations.

    Under this system, all donors, regardless of gender, will be asked if, in the past six months, they have had sex (excluding oral sex) with a new partner or more than one partner.

    If they answer “yes” to either question, they will be asked if they’ve had anal sex in the past three months. Those who say “yes” will be deferred from donating whole blood for six months, due to the higher risk of HIV transmission during anal sex and the time it takes for HIV to be detected in a test. But they will still be eligible to donate plasma.

    So gay and bisexual men in long-term, monogamous relationships will no longer need to abstain from sex for three months to donate whole blood.

    Why were past restrictions in place?

    In the 1980s, HIV transmission through blood transfusions prompted urgent public health responses. Australia, like many countries, introduced an indefinite deferral for men who have sex with men, the population most affected by HIV.

    This policy significantly reduced transmission of HIV via blood transfusions before HIV testing became available.

    Routine blood donation testing for HIV began in 1985, but initial tests could not detect HIV for up to three months after infection.

    As testing improved, the deferral was reduced – first to 12 months in 2000, then to three months since last sexual activity in 2021.

    Why the changes?

    Rates of new HIV infection have fallen substantially since the 1980s. In 2023, 722 new HIV cases were reported nationwide (2.7 per 100,000 population).

    Modern tests can now detect HIV within one week of exposure, dramatically reducing the risk of transfusion transmission.

    However, the blanket deferral still applied regardless of individual risk – such as if the men had only one partner. As a result, many low-risk men remained excluded.

    Why the different rules for blood and plasma?

    Whole blood is separated into red cells, plasma and platelets. This is the regular process of giving blood, where blood is drawn, then it goes through the testing process to check it’s safe.

    These components are mainly used for transfusion directly to patients without further processing.

    Whole blood is mainly used for transfusions.
    Peter Porrini/Shutterstock

    Plasma, the yellow liquid part, contains proteins used in treatments for immune disorders, severe burns and other conditions.

    During plasma donation, a machine separates the plasma (the yellow liquid part) from the red blood cells and other parts of blood. The machine keeps the plasma, and returns the red blood cells to the donor through the same needle.

    Plasma for plasma medicines, the blood product in most demand in Australia, is processed using extra techniques that kill viruses and bacteria, allowing for less-strict donation rules compared to whole blood.

    How many more people will become eligible under the new rules?

    A national survey we jointly conducted with Lifeblood found an estimated 57% of Australians, and 63% of Australian men, were eligible to donate blood. Among men who reported sex with men, eligibility was only 40%.

    Under the new plasma pathway, overall eligibility is projected to rise to 61%, and to 74% for gay and bisexual men – an increase of around 626,500 newly eligible plasma donors. This will include people taking HIV-PrEP (HIV pre-exposure prophylaxis), which protects against HIV infection.

    The impact of gender-neutral risk assessments on blood donation eligibility is less certain.

    How will people feel being asked about their sexual history?

    The same survey found most Australians supported being asked how many partners they have had and whether they’d had anal sex to see if they were eligible to donate. However, support varied across age, religion and country of birth.

    Understanding and responding to these differences will be important for community engagement and maintaining trust in the blood supply.

    Will this affect the safety of the blood supply?

    The gender-neutral questions aim to identify high-risk sexual activity, regardless of someone’s gender or sexual orientation. The questions still restrict anyone from donating who has recently had anal sex with multiple or new sexual partners.

    Similar policies have been adopted in countries such as the United Kingdom, Canada, and the Netherlands, with no evidence of increased risk to the blood supply.

    What happens next?

    From July 14, the rules for plasma donation will change, allowing plasma donation regardless of sexual activity.

    The TGA’s approval of gender-neutral blood assessments has only just been granted. Lifeblood will now need to update systems, seek government approvals, train staff and inform the public before this change can be rolled out.

    Ongoing evaluation will be essential to monitor the impact on donor numbers, safety and public perception, and to ensure blood donation policies are evidence-based and equitable.

    Yasmin Mowat recieves funding from a National Health and Medical Research Council (NHMRC) Partnership Grant, implemented with Lifeblood.

    Bridget Haire has received funding from the National Health and Medical Research Council (NHMRC).

    Skye McGregor receives funding from the National Health and Medical Research Council (NHMRC).

    – ref. Gay and bisexual men will soon be able to donate blood and plasma – https://theconversation.com/gay-and-bisexual-men-will-soon-be-able-to-donate-blood-and-plasma-259136

    MIL OSI Analysis – EveningReport.nz –

    June 18, 2025

  • MIL-OSI Russia: The Moskino Cinema Park filmed a TV series based on the film Moscow Does Not Believe in Tears

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The eight-part musical series “Moscow Does Not Believe in Tears. It’s Just Beginning” based on the cult Soviet film was filmed in the Moskino cinema park. Some scenes for the project were filmed in the center of the capital. The work was supported by the Moscow film cluster and the Moskino film commission.

    The story of three friends

    Vladimir Menshov’s melodrama Moscow Does Not Believe in Tears was released in 1979 and won an Oscar. The new series also centers on the fate of three friends who come to Moscow in the early 2000s in search of love and happiness. However, viewers will see not just a modern version of the Soviet film, but a completely new story that promises to surprise everyone.

    One of the main roles in the series was played by actor Andrei Maksimov, familiar to viewers from the images of villains in the projects “The Word of a Boy. Blood on the Asphalt” and “Fisher”. He not only appears on screen in a new role, but also sings.

    “I am very interested in how the audience will perceive me, not only in a positive capacity, but also in a singing one. Playing a positive character is just as interesting as playing a negative one. In my opinion, we managed to create an ambiguous image of the hero, and I hope that the audience will relate to him. In the cinema park, I really enjoyed working in “Cowboy Town”. I think that on this site everyone can feel like a child and imagine themselves as some kind of character in a western. All the interiors are first-class, and this is delightful,” said Andrey Maksimov.

    The main roles in the new series were also played by Ivan Yankovsky, Anastasia Talyzina, Maria Kamova, Tina Stoyilkovich, Ruzil Minekaev and other actors. The directors were Olga Dolmatovskaya and Zhora Kryzhovnikov.

    According to Olga Dolmatovskaya, one of the main themes in the project is female friendship that has lasted through the years, where each heroine finds herself with age. Several scenes for the series were filmed in the Moskino cinema park on the sites of Cowboy Town and Provincial Towns of Europe. These sets made a huge impression with their detailed development, solidity and realism. In addition to the cinema park, filming took place on several sites in Moscow: on Kotelnicheskaya Embankment, Pushkinskaya Square and in the Ostankino television center. The creators of the series felt a big difference – it was much easier to organize filming on the equipped territory of the cinema park.

    All approvals in record time

    The filming of the final scene of the series took place on Tverskoy Boulevard. 200 dancers, 100 actors and 100 crew members took part in the work.

    The most complex filming in the city center from an organizational point of view was coordinated in less than a month.

    “The Moscow Film Commission managed to do the almost impossible – conduct mass filming without disrupting the main life processes in the city center. In record time, a series of complex approvals were made with the city departments of trade, transport, health care, housing and utilities, mass events, as well as the prefecture. As a result, it was possible not only to film all the necessary scenes, but also to create a wonderful image of Moscow in the project,” the press service of the Moscow film cluster noted.

    Most of the filming took place near the Russian Academic Youth Theatre, the high-rise building on Kotelnicheskaya Embankment, the Ostankino TV Centre and Pushkinskaya Square, where one of the most striking episodes of the series was filmed, involving 200 dancers and more than 100 extras.

    To recreate the atmosphere of the 2000s, the artists studied costumes and fashion of the time. More than 250 outfits were sewn for the filming, and about a thousand more complex stage costumes were found in clothing rental stores.

    The project was created by the film companies Vodorod and NMG Studio with the support of the Internet Development Institute (ANO IRI). The series will be released in the online cinema Wink, and the TV premiere will take place on the STS TV channel.

    How the first shift of the creative camp “Youth of Moscow” wentThe Moskino Cinema Park will host the “School of Vocals and Music” shift of the creative camp

    The Moskino cinema park is part of Sergei Sobyanin’s “Moscow – City of Cinema” project and an object of the Moscow cinema cluster, which is being developed by the capital Department of Culture. The first stage of development has already been completed here: 24 natural sites, four pavilions and six infrastructure facilities have been built. Among them are the sets “Center of Moscow”, “Moscow of the 1940s”, “Vitebsk Station”, “Yurovo Airport”, “Cathedral Square of Moscow”, “Deaf Village”, “Partisan Village”, “County Town”, “Cowboy Town”, “Petersburg Bar” and other spaces.

    The Cinema Park is actively developing as a cultural and leisure venue. Exhibitions, master classes, lectures, meetings with famous actors and other events for Muscovites and guests of the capital are held here.

    The Moscow Film Cluster is an infrastructure facility, services and facilities for filmmakers, which are being developed by the Moscow Government within the framework of the Moscow — City of Cinema project. Its structure includes the Moskino Film Park, the Gorky Film Studio (sites on Sergei Eisenstein Street and Valdaisky Proyezd), the Moskino Film Factory, the Moskino Cinema Network, the Film Commission and the Moskino Film Platform.

    Get the latest news quicklythe city’s official telegram channel Moscow.

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    https: //vv.mos.ru/nevs/ite/155345073/

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI Russia: A modern residential area will appear in Biryulyovo Vostochny under the KRT program

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Under the integrated territorial development program (ITD), three sites with a total area of almost 37 hectares will be reorganized in the Biryulevo Vostochnoye district. The corresponding draft resolution posted on the Moscow Government website. This was reported by Vladimir Efimov, Deputy Mayor of Moscow for Urban Development Policy and Construction.

    “The next project for the integrated development of territories in the south of Moscow involves the reorganization of three sites with a total area of 36.99 hectares. They are located on part of the former Lenino industrial zone in Biryulyovo Vostochny. A modern multifunctional residential quarter will be built here, including for the purposes of the renovation program. Three kindergartens for 850 children, an indoor skating rink with an area of at least six thousand square meters and other infrastructure facilities will be built next to the new houses. In total, almost 5.2 thousand jobs will be created within the framework of the project. Investments in the implementation are estimated at more than 140.6 billion rubles, and the annual budget effect will be over 2.5 million rubles,” said Vladimir Efimov.

    The work will be carried out in the area of the intersection of Lipetskaya Street and 6th Radialnaya, not far from the territory of the Tsaritsyno Museum-Reserve.

    “The inclusion of depressed areas of the Lenino industrial zone in the KRT program will allow them to be transformed and integrated into the overall fabric of the city. The project will also help speed up the renovation program in Biryulyovo Vostochny: 35.17 thousand square meters of housing will be built here for its implementation. This will provide new apartments for about 800 Muscovites. The KRT project also provides for the construction of modern treatment facilities and a traction substation for the Moscow Metro, which is necessary for the power supply of trains of the future Biryulevskaya line, which will pass through this area. The entire territory will be greened, improved, and modern streets and roads will appear on it,” he noted.

    Vladislav Ovchinsky, Minister of the Moscow Government, Head of the Moscow Department of Urban Development Policy.

    According to the KRT program, multifunctional city blocks are being created, where roads, comfortable housing and all the necessary infrastructure are being designed on the site of former industrial zones and inefficiently used areas. Currently, 302 integrated development projects with a total area of about 4.2 thousand hectares are at various stages of development and implementation in the capital. This work is being carried outon behalf of Sergei Sobyanin.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI Russia: Capital chemical companies ramp up production

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In the first four months of this year, the capital saw a more than 40 percent increase in the production of chemicals and products compared to the same period in 2024. This was reported by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    “Companies in the chemical sector produce critically important products that are widely used in the economy of the entire country. On behalf of Sergei Sobyanin, the city provides comprehensive support to plants, thanks to which the capital is actively developing its own technological competencies and increasing the production of high-quality goods, which helps strengthen the independence of the domestic industry. Thus, in the first four months of 2025, the production of chemical products in Moscow increased by 42.8 percent compared to the same period last year,” said Maxim Liksutov.

    In particular, companies began to produce more paints, varnishes and other coating materials, as well as soaps, detergents, cleaning and polishing agents, perfumes and cosmetics.

    “Today, more than 260 industrial companies are involved in the chemical complex of Moscow – these are high-tech enterprises with high social responsibility, which actively implement the principles of sustainable development and care about the environment. Manufacturers regularly improve the quality of their products, which are in demand not only in the capital, but also in other regions of the country, as well as abroad. This is confirmed by the growing volume of shipments. In January – April 2025, it exceeded 103 billion rubles – 38.2 percent more than last year’s figures,” said the Minister of the Moscow Government, head of the capital’s Department of Investment and Industrial Policy

    Anatoly Garbuzov.

    For example, the scientific and production enterprise “Neftekhimiya” produces polypropylene in Moscow – a key component for the production of medical products, reliable packaging, building materials, tableware, kitchen utensils, children’s toys, as well as fibers, threads, non-woven materials and stationery. Today, the plant’s product line includes about 60 different brands of polymer.

    The medical and cosmetic company “Geltek-Medika” produces gels for medical research, as well as highly effective cosmetics for home care and hardware cosmetology.

    A comfortable investment climate has been created in Moscow to develop production potential. More than 20 comprehensive support measures are available to enterprises. These include preferential investment loans, the opportunity to lease land from the city at a preferential rate when building an enterprise as part of large-scale investment projects, the assignment of special statuses, and other tools.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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    https: //vv.mos.ru/nevs/ite/155389073/

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI Russia: 35 new houses will receive convenient access roads under the renovation program

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    This year, specialists from the city services complex will build convenient access roads to 35 buildings under the renovation program. This was reported by the Deputy Mayor of Moscow for Housing and Public Utilities and Improvement Petr Biryukov.

    “Work is planned on local arrangement and expansion of access roads to 35 houses that were built as part of the renovation program. In the east, 10 such roads will appear, in the Southern, South-Eastern and North-Western administrative districts – five each, in the South-West and North – three each, two in the Western and one each in the North-Eastern district and Zelenograd. Work is already underway at 16 sites,” noted Pyotr Biryukov.

    The construction of residential buildings under the renovation program is taking place not only on starting sites in areas of existing development, but also on the site of demolition of previously vacated houses. Yard areas designed more than 60 years ago are often not suitable for the passage of construction and modern fire-fighting equipment. The arrangement of access roads helps to solve this issue, subsequently they are included in the transport system of the districts. All objects have their own configuration, they have different widths of the roadway and sidewalks.

    In total, about 10 kilometers of roads will be built, with a total area of almost 63 thousand square meters, with a roadway width of six meters. The width of the new sidewalks will be on average 1.2 meters, their total length will be about 23 kilometers, the area – about 27 thousand square meters.

    The head of the city economy complex emphasized that an important component of comfort and safety is good lighting. When arranging access roads to the renovation sites, almost 230 lanterns with energy-efficient lamps will be installed. Overhead lines will be transferred to cable ducts.

    The projects include laying out almost 60 thousand square meters of lawn and planting additional trees and shrubs.

    Renovation program approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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    https: //vv.mos.ru/nevs/ite/155390073/

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI Russia: Sobyanin announced the inclusion of 50 objects in the Unified Register of Cultural Heritage

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The Unified Register of Cultural Heritage Sites in Moscow has been expanded with 50 architectural monuments. This was reported in its telegram channel Sergei Sobyanin reported.

    “We continue to work on preserving the historical memory of our city. 50 objects have been entered into the Unified Register of Cultural Heritage of Moscow. Among them are buildings that are associated with the fates of famous people and significant events,” the Mayor of Moscow wrote.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin 

    The register now contains 3,833 historical buildings and structures. All monuments are under state protection. Their owners and tenants are obliged to ensure the preservation of cultural heritage sites and maintain them in accordance with the approved subject of protection.

    The building of the Hermitage Theatre (Karetny Ryad Street, Building 3, Building 1)

    Among the 50 objects included in the register is the Hermitage Theatre building.

    The history of this building in the Hermitage Garden dates back to December 16, 1894, when the famous Moscow patron and theater figure Yakov Shchukin founded the New Hermitage Theater. In 1897, Savva Mamontov’s private opera performed there. Famous performances were also staged here, one of them being Faust with Fyodor Chaliapin.

    On October 14, 1898, the premiere performance of the Art and Public Theatre of Konstantin Stanislavsky and Vladimir Nemirovich-Danchenko (the future Moscow Art Theatre) took place on the stage of the New Hermitage Theatre — Tsar Fyodor Ioannovich with Ivan Moskvin in the leading role. The premiere of Anton Chekhov’s play Three Sisters also took place in this theatre.

    In 1913, the Free Theatre opened here under the direction of Konstantin Mardzhanov and Alexander Sanin. In the 1920s, director Sergei Eisenstein staged the play “The Mexican”, his first theatrical production, on its stage. Then the Mossovet Theatre settled in the Hermitage.

    In 1978, a young director, Mikhail Levitin, began working here and later became its permanent artistic director. Thanks to him, the theater’s repertoire changed from variety to drama, and the stage hosted performances based on the works of Daniil Kharms for the first time.

    The building retained its architectural appearance, which was formed in the 1950s – then it was reconstructed according to the design of architects Mikhail Posokhin and Ashot Mdoyanets. The main façade was decorated with a double colonnade and crowned with a triangular pediment.

    When included in the register of cultural heritage sites in Moscow, the decorative design of the building’s facades will be included in the subject of protection.

    Apartment building of A.V. Krasnogorova – Blinovs (Starosadsky Lane, Building 10, Building 1)

    Now it is a residential building, standing on the corner of Starosadsky Lane and Zabelina Street. The building was erected in two stages. In the 1880s, merchant Akulina Krasnogorova built a two-story apartment building. In 1900, its new owner, merchant Ivan Blinov, who sold candles and incense, added four floors to the building.

    During World War I, the Moscow branch of the Jewish Committee for Aid to War Victims who had fled from their places of settlement in the western provinces was opened here. During the Soviet era, the apartments of the former apartment building were compacted and converted into communal housing.

    In the 1920s and early 1930s, Osip Mandelstam lived in the first entrance in apartment 3 with his brother Alexander. At that time, the poet created several works, and the hero of one of the poems (“Alexander Gertsevich Lived…”) was his neighbor in the communal apartment, amateur pianist Alexander Bekkerman. Mandelstam was visited here by Anna Akhmatova, Arseny Tarkovsky and Boris Klyuyev.

    Mandelstam’s entrance and its ceremonial decoration with stucco, twisted staircase railings, and Mettlach tiles have survived to this day. This house is the poet’s only surviving address in Moscow. There is now a park in front of the building and a monument to Mandelstam.

    When included in the register of cultural heritage sites of Moscow, the subject of protection will include the design of the building’s facades and the first entrance, the fence with a gate and the gatehouse.

    Decorations of the Sofia Embankment: Which Houses Became Cultural Heritage SitesObjects of the old estate in the Yakimanka district are recognized as architectural monuments

    Kokorevskoe Podvorye (Sofia Embankment, Building 34, Building 1)

    This is a unique architectural complex built by order of the famous entrepreneur and philanthropist Vasily Kokorev. The courtyard became the first business center in Russia, combining a luxury hotel with restaurants, shops and warehouses.

    The construction of the courtyard began in 1860 on the site between Sofiyskaya and Bolotnaya embankments, opposite the Kremlin. The project was developed by the architect Ivan Chernik, and the construction was supervised by Anton Bulgarin. The courtyard included seven buildings, including a hotel with 315 rooms, shops, warehouses, a reading room, and a restaurant.

    The hotel building was equipped with the latest technology of the time: steam elevators, oven heating, telegraph and water supply. Technical innovation was combined with the expressive architecture of the hotel in the Russian style, which echoed the appearance of the Kremlin. One of the most striking details of the hotel was the openwork cast-iron gallery with a balcony on elegant pillars, stretching along the entire main facade of the building, facing the Sofiyskaya Embankment.

    The Kokorevskoe Podvorye became the most modern and fashionable hotel in Moscow of its time. In the summer of 1866, a delegation from the United States Congress was accommodated here, having arrived in Russia on an official mission of sympathy regarding the assassination attempt on Emperor Alexander II. This visit was widely covered in the press and was an important stage in strengthening Russian-American relations after the end of the American Civil War.

    At various times, the hotel was home to artists Ivan Kramskoy and Vasily Polenov, and writer Dmitry Mamin-Sibiryak. In 1867, Leo Tolstoy stayed here. In addition, Pyotr Tchaikovsky visited here many times during his visits to Moscow.

    During the Soviet period, the building was used by various departments, and in the first half of the 20th century, several floors were added to it, which changed its historical appearance.

    In 2015–2017, a large-scale restoration was carried out: the architectural decoration of the building and its main decoration, the cast-iron gallery, were restored. The work performed was highly praised: the building became a laureate of the Moscow Government’s “Moscow Restoration” competition.

    When included in the register of cultural heritage sites of Moscow, the subject of protection will include the architectural design of the facades at the level of the first four floors and the cast-iron gallery with a balcony.

    Apartment building of Princess A.P. Golitsyna (Bolshaya Nikitskaya Street, Building 24/1)

    The building is located at the intersection of Bolshaya Nikitskaya Street and Khlynovsky Tupik. Since the end of the 18th century, Bolshaya Nikitskaya Street has become a place popular with the nobility, as can be judged by the number of noble estates built on it at that time.

    Manor life did not involve any business activity, but in 1836 the owner of the plot was Princess Alexandra Golitsyna, who was one of the first nobles to decide to use her land to generate income. In 1839, a four-story apartment building with retail space on the ground floor was built specifically for this purpose according to the design of the architect Mikhail Bykovsky, the author of a number of large buildings in Moscow, including the Sheremetev House on Vozdvizhenka.

    The building has retained its original configuration and facade design from the first third of the 19th century. During the Soviet era, only the balconies were lost. The design of the fourth floor is interesting: the severity of the rectangular windows is slightly smoothed out by pilasters with molded capitals, and the side windows have an arched finish. The crowning cornice of the large projection on brackets also attracts attention.

    In the 1860s, the Moscow Conservatory was opened on Bolshaya Nikitskaya Street. The proximity of the apartment building to the music school explains why Pyotr Tchaikovsky lived here in 1877, working on the opera Eugene Onegin at the time. This house became the composer’s last refuge in his homeland.

    Another creative name is associated with the A.P. Golitsyna apartment building. In the 1880s, the building housed the studio of fashionable dressmaker Olga Suvorova, who ran a school of cutting and sewing. The future famous couturier Nadezhda Lamanova studied there. Here she also opened a small tailoring establishment — her first work address.

    When the apartment building of Princess A.P. Golitsyna is included in the register of cultural heritage sites of Moscow, the design of the street facades, the vaults in the basement and the cast-iron staircase will be included in the subject of monument protection.

    House of the architect S.M. Goncharov (Trekhprudny Lane, Building 2a)

    The building on the corner of Trekhprudny and Bolshoy Palashevsky Lanes is the mansion of the famous Moscow Art Nouveau architect Sergei Goncharov, which he built on his family plot in 1885.

    Situated near Patriarch’s Ponds, the house stands out for its original design of the main façade, which combines features of two architectural styles – eclecticism and Art Nouveau. The classical portico above the main entrance and rusticated platbands are adjacent to square semi-columns of window openings on the upper floors, interpreted in the spirit of the new era.

    The owners of the house, the Goncharovs, moved to Moscow in 1891 from their estate in the Tula province. Sergei Goncharov’s genealogy is interesting: he was related to Natalia Pushkina – his great-grandfather was her father.

    However, the house is famous not only for Sergei Goncharov and his ancestors. It became the studio of two famous avant-garde artists at once – Natalia Goncharova (the architect’s daughter) and her husband Mikhail Larionov, as well as a kind of center of cultural life, where the entrepreneur and philanthropist Sergei Diaghilev, artists Aristarkh Lentulov, Ilya Mashkov, Pyotr Konchalovsky and others visited.

    The house on Trekhprudny Lane remained a studio until 1915. Avant-garde artists created many famous works, including the paintings “Resting Soldier”, “Spring. From the “Seasons” Cycle”, “Still Life with Pineapple”, and “Emptiness” kept in the Tretyakov Gallery.

    After the return of the wounded Mikhail Larionov from the fronts of the First World War, the family left for Paris forever at the invitation of Sergei Diaghilev to work on the Russian Seasons.

    When the house of the architect S.M. Goncharov is included in the register of cultural heritage sites of Moscow, the design of the street façade will be included in the subject of monument protection.

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    https: //vv.mos.ru/mayor/tkhemes/1295505/

    MIL OSI Russia News –

    June 18, 2025

  • MIL-OSI: Inside information: Morten Thorsrud to succeed Torbjörn Magnusson as CEO of Sampo Group

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, inside information, 18 June 2025 at 9:20 am EEST

    Inside information: Morten Thorsrud to succeed Torbjörn Magnusson as CEO of Sampo Group

    Torbjörn Magnusson, the CEO of Sampo Group, has informed the Sampo Board of his intention to retire from his role. Morten Thorsrud, the CEO of Sampo’s largest operating entity, If P&C, has today been appointed as his successor. The change in Group CEO will become effective on 1 October 2025, after which Magnusson will stay within the group as a Senior Advisor until 31 December 2025.

    “I want to thank Torbjörn for his extraordinary contribution to the success of Sampo, both in leading the recent strategic transformation as Group CEO and in laying the foundations of our outstanding success in the Nordic P&C insurance market. He leaves the group in excellent condition and with a compelling set of opportunities.

    The appointment of If’s CEO Morten Thorsrud as Group CEO represents continuity and reflects our commitment to operational excellence. Morten, who has been within the group for 23 years, has taken If’s performance to new heights as CEO. I am delighted to have been able to appoint Torbjörn’s successor from a strong set of high-quality internal candidates”, says Antti Mäkinen, Chair of the Board of Sampo plc.

    “With the strategic transformation of Sampo complete and the business in excellent shape, I have come to the conclusion that it is time for me to hand over to the next generation of leadership. Together with my colleagues, we have achieved more than I could have ever imagined when I joined the group in 1999. Morten has played a crucial role in the success of If P&C and I am confident he will excel as Group CEO of Sampo”, says Torbjörn Magnusson, CEO of Sampo Group.

    “I am honored to be given the opportunity to lead Sampo. As CEO of If, I have continued our efforts on being the most caring and customer centric P&C insurer and on delivering operational excellence through extensive investments in our digital capabilities. I intend to bring the same energy to my work as CEO of Sampo Group”, says Morten Thorsrud, Appointed CEO of Sampo Group and CEO of If P&C

    Further information about remuneration related matters can be found on www.sampo.com.

    SAMPO PLC

    For more information, please contact

    Sami Taipalus
    Head of Investor Relations
    tel. +358 10 516 0030

    Ainomaija Forsell
    Media Relations
    tel. +358 10 514 4217

    Appendix:
    Curriculum Vitae of Morten Thorsrud

    Distribution:

    Nasdaq Helsinki
    Nasdaq Stockholm
    Nasdaq Copenhagen
    London Stock Exchange
    FIN-FSA
    The principal media
    www.sampo.com

    Appendix: Curriculum Vitae

    Morten Thorsrud
    Born 1971

    Education

    Norwegian School of Management
    – Master of Business and Economics 1996

    Career

    If P&C Insurance Holding Ltd
    – President and CEO 2019-

    Sampo plc
    – Member of the Sampo Group Executive Committee 2006-

    If P&C Insurance Ltd (publ)
    – Group Executive Vice President, Head of BA Private 2013-2019
    – Head of BA Industrial 2005-2013
    – Head of Industrial Underwriting and Claims 2004-2005
    – Head of Corporate Strategy 2002-2004

    McKinsey & Company, Inc. Norway/Europe
    – Associate Partner 2001-2002
    – Engagement Manager 1999-2001
    – Associate 1997-1999
    – Junior Associate 1996-1997

    Positions of trust

    Topdanmark
    – Topdanmark Forsikring A/S: Deputy Chairman 2024–
    – Topdanmark A/S: Board Member 2019-

    Hastings Group
    – Board Member 2020-

    Euronext
    – Member of the Supervisory Board 2019-

    Finance Norway (Finans Norge)
    – Member of the Executive Committee, 2019-
    – Other roles, 2013-2019

    The MIL Network –

    June 18, 2025

  • MIL-Evening Report: Iran’s long history of revolution, defiance and outside interference – and why its future so uncertain

    Source: The Conversation (Au and NZ) – By Amin Saikal, Emeritus Professor of Middle Eastern and Central Asian Studies, Australian National University; and Vice Chancellor’s Strategic Fellow, Victoria University

    Israeli Prime Minister Benjamin Netanyahu has gone beyond his initial aim of destroying Iran’s ability to produce nuclear weapons. He has called on the Iranian people to rise up against their dictatorial Islamic regime and ostensibly transform Iran along the lines of Israeli interests.

    United States President Donald Trump is now weighing possible military action in support of Netanyahu’s goal and asked for Iran’s total surrender.

    If the US does get involved, it wouldn’t be the first time it’s tried to instigate regime change by military means in the Middle East. The US invaded Iraq in 2003 and backed a NATO operation in Libya in 2011, toppling the regimes of Saddam Hussein and Muammar Gaddafi, respectively.

    In both cases, the interventions backfired, causing long-term instability in both countries and in the broader region.

    Could the same thing happen in Iran if the regime is overthrown?

    As I describe in my book, Iran Rising: The Survival and Future of the Islamic Republic, Iran is a pluralist society with a complex history of rival groups trying to assert their authority. A democratic transition would be difficult to achieve.

    The overthrow of the shah

    The Iranian Islamic regime assumed power in the wake of the pro-democracy popular uprising of 1978–79, which toppled Mohammad Reza Shah Pahlavi’s pro-Western monarchy.

    Until this moment, Iran had a long history of monarchical rule dating back 2,500 years. Mohammad Reza, the last shah, was the head of the Pahlavi dynasty, which came to power in 1925.

    In 1953, the shah was forced into exile under the radical nationalist and reformist impulse of the democratically elected Prime Minister Mohammad Mosaddegh. He was shortly returned to his throne through a CIA-orchestrated coup.

    Despite all his nationalist, pro-Western, modernising efforts, the shah could not shake off the indignity of having been re-throned with the help of a foreign power.

    The revolution against him 25 years later was spearheaded by pro-democracy elements. But it was made up of many groups, including liberalists, communists and Islamists, with no uniting leader.

    The Shia clerical group (ruhaniyat), led by the Shah’s religious and political opponent, Ayatollah Ruhollah Khomeini, proved to be best organised and capable of providing leadership to the revolution. Khomeini had been in exile from the early 1960s (at first in Iraq and later in France), yet he and his followers held considerable sway over the population, especially in traditional rural areas.

    When US President Jimmy Carter’s administration found it could no longer support the shah, he left the country and went into exile in January 1979. This enabled Khomeini to return to Iran to a tumultuous welcome.

    Birth of the Islamic Republic

    In the wake of the uprising, Khomeini and his supporters, including the current supreme leader Ayatollah Ali Khamenei, abolished the monarchy and transformed Iran to a cleric-dominated Islamic Republic, with anti-US and anti-Israel postures. He ruled the country according to his unique vision of Islam.

    Khomeini denounced the US as a “Great Satan” and Israel as an illegal usurper of the Palestinian lands – Jerusalem, in particular. He also declared a foreign policy of “neither east, nor west” but pro-Islamic, and called for the spread of the Iranian revolution in the region.

    Khomeini not only changed Iran, but also challenged the US as the dominant force in shaping the regional order. And the US lost one of the most important pillars of its influence in the oil-rich and strategically important Persian Gulf region.

    Fear of hostile American or Israeli (or combined) actions against the Islamic Republic became the focus of Iran’s domestic and foreign policy behaviour.

    A new supreme leader takes power

    Khomeini died in 1989. His successor, Ayatollah Ali Khamenei, has ruled Iran largely in the same jihadi (combative) and ijtihadi (pragmatic) ways, steering the country through many domestic and foreign policy challenges.

    Khamenei fortified the regime with an emphasis on self-sufficiency, a stronger defence capability and a tilt towards the east – Russia and China – to counter the US and its allies. He has stood firm in opposition to the US and its allies – Israel, in particular. And he has shown flexibility when necessary to ensure the survival and continuity of the regime.

    Khamenei wields enormous constitutional power and spiritual authority.

    He has presided over the building of many rule-enforcing instruments of state power, including the expansion of the Islamic Revolutionary Guard Corps and its paramilitary wing, the Basij, revolutionary committees, and Shia religious networks.

    The Shia concept of martyrdom and loyalty to Iran as a continuous sovereign country for centuries goes to the heart of his actions, as well as his followers.

    Khamenei and his rule enforcers, along with an elected president and National Assembly, are fully cognisant that if the regime goes down, they will face the same fate. As such, they cannot be expected to hoist the white flag and surrender to Israel and the US easily.

    However, in the event of the regime falling under the weight of a combined internal uprising and external pressure, it raises the question: what is the alternative?

    The return of the shah?

    Many Iranians are discontented with the regime, but there is no organised opposition under a nationally unifying leader.

    The son of the former shah, the crown prince Reza Pahlavi, has been gaining some popularity. He has been speaking out on X in the last few days, telling his fellow Iranians:

    The end of the Islamic Republic is the end of its 46-year war against the Iranian nation. The regime’s apparatus of repression is falling apart. All it takes now is a nationwide uprising to put an end to this nightmare once and for all.

    Since the deposition of his father, he has lived in exile in the US. As such, he has been tainted by his close association with Washington and Jerusalem, especially Netanyahu.

    If he were to return to power – likely through the assistance of the US – he would face the same problem of political legitimacy as his father did.

    What does the future hold?

    Iran has never had a long tradition of democracy. It experienced brief instances of liberalism in the first half of the 20th century, but every attempt at making it durable resulted in disarray and a return to authoritarian rule.

    Also, the country has rarely been free of outside interventionism, given its vast hydrocarbon riches and strategic location. It’s also been prone to internal fragmentation, given its ethnic and religious mix.

    The Shia Persians make up more than half of the population, but the country has a number of Sunni ethnic minorities, such as Kurds, Azaris, Balochis and Arabs. They have all had separatist tendencies.

    Iran has historically been held together by centralisation rather than diffusion of power.

    Should the Islamic regime disintegrate in one form or another, it would be an mistake to expect a smooth transfer of power or transition to democratisation within a unified national framework.

    At the same time, the Iranian people are highly cultured and creative, with a very rich and proud history of achievements and civilisation.

    They are perfectly capable of charting their own destiny as long as there aren’t self-seeking foreign hands in the process – something they have rarely experienced.

    Amin Saikal does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Iran’s long history of revolution, defiance and outside interference – and why its future so uncertain – https://theconversation.com/irans-long-history-of-revolution-defiance-and-outside-interference-and-why-its-future-so-uncertain-259270

    MIL OSI Analysis – EveningReport.nz –

    June 18, 2025

  • MIL-OSI China: President Xi on China-Central Asia cooperation

    Source: People’s Republic of China – State Council News

    Editor’s note: Chinese President Xi Jinping on Tuesday delivered a keynote speech at the second China-Central Asia Summit in Astana, Kazakhstan, calling on China and Central Asian countries to promote high-quality Belt and Road cooperation and forge ahead toward the goal of building a China-Central Asia community with a shared future under the guidance of the China-Central Asia Spirit. Highlighted here are key messages from President Xi’s remarks at the summit, along with insights from his bilateral meetings with Central Asian leaders on the sidelines of the event.

    1   2   3   4   5   6   7   8   9   10   >  

    MIL OSI China News –

    June 18, 2025

  • MIL-OSI: An authorization to register an amendment of the article of association of Urbo bankas UAB has been received

    Source: GlobeNewswire (MIL-OSI)

    Urbo bankas UAB (hereinafter – “the Bank”), company code 112027077, address: Konstitucijos pr.18B, Vilnius.

    The Bank informs that the Financial Market Supervisory Committee of the Bank of Lithuania, by its decision of 17 June 2025, allowed the Bank to register the amendments of the Bank’s articles of association, related with the increase of the authorized capital to EUR 50,988,758.50, as approved by the ordinary general meeting of shareholders held on 21 March 2025.

    For more information please contact: Julius Ivaška, Head of Business Division, tel. +370 601 04 453, e-mail media@urbo.lt

    The MIL Network –

    June 18, 2025

  • MIL-OSI: CEA-Leti and Soitec Announce Strategic Partnership to Leverage FD-SOI for Enhanced Security of Integrated Circuits

    Source: GlobeNewswire (MIL-OSI)

    CEA-Leti and Soitec Announce Strategic Partnership to Leverage FD-SOI for Enhanced Security of Integrated Circuits

    Focus Is on Protecting Critical Markets Such as
    Automotive, Industrial IoT, and Secure Infrastructure

    GRENOBLE, France – June 18, 2025 – CEA-Leti and Soitec today announced a strategic partnership to enhance the cybersecurity of integrated circuits (ICs) through the innovative use of fully depleted silicon-on-insulator (FD-SOI) technologies. This collaboration aims to position FD-SOI as a foundational platform for secure electronics by leveraging and extending its inherent resistance to physical attacks.
    At the heart of the initiative is a joint effort to experimentally validate and augment the security benefits of FD-SOI—from the substrate level up to circuit design. The project aims to deliver concrete data, practical demonstrations, and roadmap guidance to meet the surging cybersecurity demands in critical markets such as automotive, industrial IoT, and secure infrastructure.
    Combining Expertise to Secure the Future of Electronics
    The partnership, which will utilize GlobalFoundries’ advanced chip manufacturing capabilities, will address a growing need for trusted components in embedded and cyber-physical systems—systems that must deliver security services and withstand both software- and hardware-level attacks. With FD-SOI’s proven advantages against laser fault injection (LFI) attacks due to its thin-film architecture and channel isolation, the technology presents a compelling foundation for next-generation secure IC design.
    Key goals of the partnership include:

    • Highlighting FD-SOI’s existing strengths in cybersecurity.
    • Co-developing innovations across the substrate-design stack to boost physical robustness and meet security requirements in automotive and other embedded systems.
    • Demonstrating empirical security data to reinforce FD-SOI’s credibility in certification contexts such as SESIP and Common Criteria.

    Context: Rising Threats, Rising Demand
    “In an era marked by increasing attacks on connected systems and autonomous vehicles, the need for embedded hardware capable of resisting physical tampering has never been greater,” said CEA-Leti CTO Jean-René Lequepeys. “FD-SOI’s unique combination of performance, energy efficiency, and attack resistance offers an ideal answer for industries that demand both trust and efficiency. This project will leverage research results from the FAMES Pilot Line.”
    FD-SOI’s critical benefits include:

    • Physical attack resistance, enabled by electrical isolation between the channel and substrate.
    • Power-performance optimization, vital for battery-constrained applications like automotive ECUs and industrial sensors.
    • Security design enablement, allowing tailored countermeasures such as fault detection and isolation of sensitive circuit domains.

    Long-Term Vision: Toward a New Cyber-Substrate
    While the initial phase focuses on leveraging existing FD-SOI capabilities, the project sets the stage for long-term innovation. The envisioned next-generation cyber-substrate would expand upon FD-SOI’s strengths by incorporating:

    • Enhanced protection against backside and invasive physical attacks.
    • Embedded anti-tamper features and physical unclonable functions (PUFs) for hardware fingerprinting.
    • Dynamic response mechanisms to detect and counter emerging threats.

    This future-oriented work will address both cyber and supply-chain vulnerabilities—making FD-SOI not only more secure, but also more indispensable.
    Soitec’s Senior Executive Vice President in charge of Innovation and Chief Technology Officer Christophe Maleville said: “This partnership with CEA-Leti reflects our strategic ambition to position FD-SOI as a reference platform for secure and energy-efficient electronics. By combining our substrate innovation capabilities with CEA-Leti’s research excellence, we aim to demonstrate the full potential of FD-SOI in addressing today’s most pressing security challenges. Together, we are paving the way for a new generation of trusted technologies that are essential to the future of connected systems.”
    About CEA-Leti (France)
    CEA-Leti, a technology research institute at CEA, is a global leader in miniaturization technologies enabling smart, energy-efficient and secure solutions for industry. Founded in 1967, CEA-Leti pioneers micro-& nanotechnologies, tailoring differentiating applicative solutions for global companies, SMEs and startups. CEA-Leti tackles critical challenges in healthcare, energy and digital migration. From sensors to data processing and computing solutions, CEA-Leti’s multidisciplinary teams deliver solid expertise, leveraging world-class pre-industrialization facilities. With a staff of more than 2,000 talents, a portfolio of 3,200 patents, 11,000 sq. meters of cleanroom space and a clear IP policy, the institute is based in Grenoble, France, and has offices in Silicon Valley, Brussels and Tokyo. CEA-Leti has launched 76 startups and is a member of the Carnot Institutes network. Follow us on www.leti-cea.com and @CEA_Leti.

    Technological expertise
    CEA has a key role in transferring scientific knowledge and innovation from research to industry. This high-level technological research is carried out in particular in electronic and integrated systems, from microscale to nanoscale. It has a wide range of industrial applications in the fields of transport, health, safety and telecommunications, contributing to the creation of high-quality and competitive products.

    For more information: www.cea.fr/english 

    About Soitec
    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 0.9 billion Euros in fiscal year 2024-2025. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of more than 2,200 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Nearly 4,300 patents have been registered by Soitec.
    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.
    For more information: https://www.soitec.com/en/ and follow us on LinkedIn and X: @Soitec_Official
    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.
    For more information: https://www.soitec.com/en/ and follow us on LinkedIn and X: @Soitec_Official

    Press Contact                                                                                

    CEA-Leti
    Sarah-Lyle Dampoux
    sldampoux@mahoneylyle.com
    +33 6 74 93 23 47

    Soitec
    Relations Media : media@soitec.com
    Relations Investisseurs : investors@soitec.com

    Attachment

    • 20250618_PR_CEA-Leti_Soitec_FDSOI_SecurityIntegratedCircuits

    The MIL Network –

    June 18, 2025

  • MIL-OSI: CEA-Leti and Soitec Announce Strategic Partnership to Leverage FD-SOI for Enhanced Security of Integrated Circuits

    Source: GlobeNewswire (MIL-OSI)

    CEA-Leti and Soitec Announce Strategic Partnership to Leverage FD-SOI for Enhanced Security of Integrated Circuits

    Focus Is on Protecting Critical Markets Such as
    Automotive, Industrial IoT, and Secure Infrastructure

    GRENOBLE, France – June 18, 2025 – CEA-Leti and Soitec today announced a strategic partnership to enhance the cybersecurity of integrated circuits (ICs) through the innovative use of fully depleted silicon-on-insulator (FD-SOI) technologies. This collaboration aims to position FD-SOI as a foundational platform for secure electronics by leveraging and extending its inherent resistance to physical attacks.
    At the heart of the initiative is a joint effort to experimentally validate and augment the security benefits of FD-SOI—from the substrate level up to circuit design. The project aims to deliver concrete data, practical demonstrations, and roadmap guidance to meet the surging cybersecurity demands in critical markets such as automotive, industrial IoT, and secure infrastructure.
    Combining Expertise to Secure the Future of Electronics
    The partnership, which will utilize GlobalFoundries’ advanced chip manufacturing capabilities, will address a growing need for trusted components in embedded and cyber-physical systems—systems that must deliver security services and withstand both software- and hardware-level attacks. With FD-SOI’s proven advantages against laser fault injection (LFI) attacks due to its thin-film architecture and channel isolation, the technology presents a compelling foundation for next-generation secure IC design.
    Key goals of the partnership include:

    • Highlighting FD-SOI’s existing strengths in cybersecurity.
    • Co-developing innovations across the substrate-design stack to boost physical robustness and meet security requirements in automotive and other embedded systems.
    • Demonstrating empirical security data to reinforce FD-SOI’s credibility in certification contexts such as SESIP and Common Criteria.

    Context: Rising Threats, Rising Demand
    “In an era marked by increasing attacks on connected systems and autonomous vehicles, the need for embedded hardware capable of resisting physical tampering has never been greater,” said CEA-Leti CTO Jean-René Lequepeys. “FD-SOI’s unique combination of performance, energy efficiency, and attack resistance offers an ideal answer for industries that demand both trust and efficiency. This project will leverage research results from the FAMES Pilot Line.”
    FD-SOI’s critical benefits include:

    • Physical attack resistance, enabled by electrical isolation between the channel and substrate.
    • Power-performance optimization, vital for battery-constrained applications like automotive ECUs and industrial sensors.
    • Security design enablement, allowing tailored countermeasures such as fault detection and isolation of sensitive circuit domains.

    Long-Term Vision: Toward a New Cyber-Substrate
    While the initial phase focuses on leveraging existing FD-SOI capabilities, the project sets the stage for long-term innovation. The envisioned next-generation cyber-substrate would expand upon FD-SOI’s strengths by incorporating:

    • Enhanced protection against backside and invasive physical attacks.
    • Embedded anti-tamper features and physical unclonable functions (PUFs) for hardware fingerprinting.
    • Dynamic response mechanisms to detect and counter emerging threats.

    This future-oriented work will address both cyber and supply-chain vulnerabilities—making FD-SOI not only more secure, but also more indispensable.
    Soitec’s Senior Executive Vice President in charge of Innovation and Chief Technology Officer Christophe Maleville said: “This partnership with CEA-Leti reflects our strategic ambition to position FD-SOI as a reference platform for secure and energy-efficient electronics. By combining our substrate innovation capabilities with CEA-Leti’s research excellence, we aim to demonstrate the full potential of FD-SOI in addressing today’s most pressing security challenges. Together, we are paving the way for a new generation of trusted technologies that are essential to the future of connected systems.”
    About CEA-Leti (France)
    CEA-Leti, a technology research institute at CEA, is a global leader in miniaturization technologies enabling smart, energy-efficient and secure solutions for industry. Founded in 1967, CEA-Leti pioneers micro-& nanotechnologies, tailoring differentiating applicative solutions for global companies, SMEs and startups. CEA-Leti tackles critical challenges in healthcare, energy and digital migration. From sensors to data processing and computing solutions, CEA-Leti’s multidisciplinary teams deliver solid expertise, leveraging world-class pre-industrialization facilities. With a staff of more than 2,000 talents, a portfolio of 3,200 patents, 11,000 sq. meters of cleanroom space and a clear IP policy, the institute is based in Grenoble, France, and has offices in Silicon Valley, Brussels and Tokyo. CEA-Leti has launched 76 startups and is a member of the Carnot Institutes network. Follow us on www.leti-cea.com and @CEA_Leti.

    Technological expertise
    CEA has a key role in transferring scientific knowledge and innovation from research to industry. This high-level technological research is carried out in particular in electronic and integrated systems, from microscale to nanoscale. It has a wide range of industrial applications in the fields of transport, health, safety and telecommunications, contributing to the creation of high-quality and competitive products.

    For more information: www.cea.fr/english 

    About Soitec
    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 0.9 billion Euros in fiscal year 2024-2025. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of more than 2,200 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Nearly 4,300 patents have been registered by Soitec.
    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.
    For more information: https://www.soitec.com/en/ and follow us on LinkedIn and X: @Soitec_Official
    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.
    For more information: https://www.soitec.com/en/ and follow us on LinkedIn and X: @Soitec_Official

    Press Contact                                                                                

    CEA-Leti
    Sarah-Lyle Dampoux
    sldampoux@mahoneylyle.com
    +33 6 74 93 23 47

    Soitec
    Relations Media : media@soitec.com
    Relations Investisseurs : investors@soitec.com

    Attachment

    • 20250618_PR_CEA-Leti_Soitec_FDSOI_SecurityIntegratedCircuits

    The MIL Network –

    June 18, 2025

  • MIL-OSI: Novian’s consolidated revenue increased 2.4% in 2024 to EUR 38.9 million

    Source: GlobeNewswire (MIL-OSI)

    The Novian IT group’s consolidated revenue in 2024 amounted to EUR 38.9 million and grew 2.4% compared to 2023. The group’s EBITDA for the 12-month period was EUR 2.57 million and was 2.1 times the previous year’s figure. The operating profit for last year was EUR 1.5 million, or 14.3 times the amount in 2023.

    Novian last year earned most of its revenue – 59% – from activities related to IT solutions, with another 24% coming from software development and 17% from IT services. Its companies conducted operations in 37 countries, earning 77% of their revenue in Lithuania, 12% elsewhere in Europe, and 11% in other countries of the world.

    “We are pleased with last year’s results, which again show that the success of an IT business depends not just on experience and the application of relevant innovations but also work together with clients to create innovations. I am grateful to the team, which has contributed to this,” says Tomas Vitkus, the CEO of the Novian group.

    He says that, looking forward, the priority areas for Novian’s work include not only projects for national institutions and businesses, but also defence projects, artificial intelligence and high-performance computing solutions to address the challenges of climate change, and potential applications of quantum technologies.

    “In the context of the digital era, with Lithuania and Europe actively considering ways to strengthen their defences, advanced technological and programming solutions that leverage artificial intelligence and other innovations should be among the top priorities for the country and the region. We are confident that Novian’s experience and know-how can be useful, and we are ready to contribute to projects in this area,” Vitkus says.

    In the area of software services, the past year stood out not only for the creation of modern national-level information systems, but also for advanced defence, aviation and space projects carried out together with European partners.

    Novian has undertaken a wide range of defence projects since as far back as 2004. In 2024 alone, Novian took part in a total of seven defence projects funded by the European Commission. This year it is continuing four such projects: PEONEER (implementing Activity Based Intelligence to complement geo-spatial activities), SESIOP (enhancing the interoperability of military Air C2 systems and integrating Single European Sky rules), FIRES 2 (developing next generation ammunition), and ODINS’ EYE 2 (developing a European space-based missile early warning system).

    Another project currently underway is HIPSTER, which is developing an innovative software solution for effectively identifying, analysing and resolving hybrid threats. Using advanced OSINT, SocMINT, NLP, and AI technologies, HIPSTER will automatically detect threats and deploy countermeasures to prevent potential damage. The project is linked to EU initiatives.

    “In the area of IT solutions and services, last year stood out for new public sector cloud computing architecture and procurement consulting projects in African countries. We also expanded our business client portfolio by offering IT infrastructure services and introduced high-performance computing solutions for weather forecasting and climate change modelling,” notes Gytis Umantas, the CEO of Novian Technologies. He says the company has played an active role too in creating a quantum technology ecosystem in Lithuania. Early this year, guidelines for the development of quantum technologies in Lithuania were presented, setting out the priorities and opportunities in that field.

    Also noteworthy with regard to innovations is Novian’s membership of a consortium for implementing the Massachusetts Institute of Technology (MIT) International Science and Technology Initiatives Programme (MISTI) in Lithuania. The consortium signed a cooperation agreement with MIT in early 2025. In the course of this project, Novian aims to expand the uses of AI-related innovations, to create technologies for increasing public safety and resilience and for using high-performance computing to combat climate change, and to develop quantum technologies.

    According to an independent valuation carried out by the financial consultancy Deloitte Verslo Konsultacijos, the fair value of the Novian group at the end of 2024 was almost EUR 22 million and was 11.7% higher than at the end of 2023. This figure reflects not only the financial performance of the group’s companies, but also the estimated one-off impact that could arise if there is an adverse court decision regarding the contract for a project undertaken by the group company Novian Systems to provide modernisation services for the Central Public Procurement Information System.

    The Novian group consists of Novian Technologies, Novian Systems and Novian Pro in Lithuania, Novian Eesti of Estonia, Andmevara of Moldova, Zissor of Norway, and Novian Rwanda of Rwanda. The Novian group’s results for 2024 are based on the audited results of Novian Technologies, Novian Systems, Novian Pro, and Zissor, and the unaudited results of the group’s other companies. The Novian group is owned by INVL Technology, a company that invests in IT businesses.

    The person authorized to provide additional information:
    Kazimieras Tonkūnas
    INVL Technology Managing Partner
    E-mail k.tonkunas@invltechnology.lt

    Attachment

    • Novian 2024 results

    The MIL Network –

    June 18, 2025
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