Source: European Parliament
AMENDMENTS 028-028
REPORT
on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2023/956 as regards simplifying and strengthening the carbon border adjustment mechanism
(COM(2025)0087 – C10-0035/2025 – 2025/0039(COD))
Committee on the Environment, Climate and Food Safety
Rapporteur: Antonio Decaro
Source : © European Union, 2025 – EP
Source: European Parliament
AMENDMENTS 013-015
REPORT
on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2023/956 as regards simplifying and strengthening the carbon border adjustment mechanism
(COM(2025)0087 – C10-0035/2025 – 2025/0039(COD))
Committee on the Environment, Climate and Food Safety
Rapporteur: Antonio Decaro
Source : © European Union, 2025 – EP
Source: European Parliament
AMENDMENTS 026-027
REPORT
on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2023/956 as regards simplifying and strengthening the carbon border adjustment mechanism
(COM(2025)0087 – C10-0035/2025 – 2025/0039(COD))
Committee on the Environment, Climate and Food Safety
Rapporteur: Antonio Decaro
Source : © European Union, 2025 – EP
Source: European Parliament
AMENDMENTS 009-012
REPORT
on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2023/956 as regards simplifying and strengthening the carbon border adjustment mechanism
(COM(2025)0087 – C10-0035/2025 – 2025/0039(COD))
Committee on the Environment, Climate and Food Safety
Rapporteur: Antonio Decaro
Source : © European Union, 2025 – EP
Source: NATO
Allied Defence Ministers will gather in Brussels on Thursday 5 June 2025 to finalise preparations for the Summit in The Hague.
“At this Ministerial, we are going to take a huge leap forward” Mr Rutte stated, “We will strengthen our deterrence and defence by agreeing ambitious new capability targets.” He went on to identify air and missile defence, long-range weapons, logistics, and large land manoeuvre formations as among the Alliance’s top priorities.
“We need more resources, forces and capabilities so that we are prepared to face any threat, and to implement our collective defence plans in full” the Secretary General emphasised, adding that, in order to deliver on our new targets, “we will need significantly higher defence spending. That underpins everything.”
The Meeting of NATO Defence Ministers will be preceded by a meeting of the Ukraine Defence Contact Group (UDCG) – the international coalition of Allies and partners chaired by the UK and Germany, providing practical support to Ukraine as it resists Russian aggression.
Source: GlobeNewswire (MIL-OSI)
Aktsiaselts Infortar (registry code 10139414, seat and address Liivalaia 9, 10118 Tallinn), held its Annual General Meeting of Shareholders (hereinafter the General Meeting) on June 4, 2025 at 11:00 (Estonian time) at the conference centre of Tallink SPA & Conference Hotel at Sadama 11a, Tallinn.
45 shareholders were registered as attending at the Annual General Meeting of Shareholders, who owned 17,562,509 votes/shares (the amount of represented share capital 1,756,250.90 EUR), forming 85,91% of Aktsiaselts Infortar share capital.
1. Approval of the 2024 Annual Report
Approve the 2024 Annual Report of Aktsiaselts Infortar submitted by the Management Board.
In favour of the resolution voted 100% of the votes represented at the meeting (17,561,838 votes).
2. Deciding on the distribution of profit
Approve the following proposal for the distribution of profit submitted by the Management Board of Aktsiaselts Infortar:
2.1. Approve the net profit for 2024 in the amount 193,670 thousand euros;
2.2. Pay the Shareholders dividend 3 euros per share. Dividend shall be paid in two parts as follows:
2.2.1. 1.5 euros per share shall be paid to the Shareholders who have been entered in the list of Shareholders on 4 July 2025 at the end of the business day of the settlement system of the securities registrar (record-date). Consequently, the day of change of the rights related to the shares (ex-date) is 3 July 2025. Dividend shall be paid to the Shareholders on 15 July 2025 by transfer to the bank account of the Shareholder;
2.2.2. 1.5 euros per share shall be paid to the Shareholders who have been entered in the list of Shareholders on 4 December 2025 at the end of the business day of the settlement system of the securities registrar (record-date). Consequently, the day of change of the rights related to the shares (ex-date) is 3 December 2025. Dividend shall be paid to the Shareholders on 15 December 2025 by transfer to the bank account of the Shareholder.
In favour of the resolution voted 99,99% of the votes represented at the meeting (17,561,561 votes).
3. Appointment of an auditor for the 2025 financial year and determination of the procedure of remuneration of an auditor
Appoint the company of auditors KPMG Baltics OÜ to conduct the audit of Aktsiaselts Infortar in the financial year 2025 and to remunerate the work according to the audit contract to be concluded with the auditor.
In favour of the resolution voted 99,99% of the votes represented at the meeting (17,561,388 votes).
4. Deciding on conduction of the Option Plan
Terminate the share option plan of Aktsiaselts Infortar approved by resolution no. 6 of the Annual General Meeting of the Shareholders held on 15 June 2021 and the conclusion of option agreements under this plan prematurely as of 30 June 2025. To approve the implementation of a new share option plan of Aktsiaselts Infortar and to grant the Supervisory Board the right to establish the new share option plan under the following principles (“Option Plan”):
4.1. The purpose of the Option Plan is to motivate the management and employees of Aktsiaselts Infortar by involving them as Shareholders, thereby enabling them to benefit from the increase in the value of the shares as a result of their work. The Option Plan applies to Aktsiaselts Infortar and its group entities in Estonia, Latvia, Lithuania, Finland, and Poland. The Supervisory Board of Aktsiaselts Infortar may decide to extend the Option Plan to group entities in other countries.
4.2. The term of the Option Plan is four (4) years, and options (“Options”) may be granted and option agreements concluded under the Option Plan from 1 July 2025 until 1 July 2029. Should an Entitled Person (as defined below) fail to conclude an option agreement within the aforementioned period, they shall lose the right to acquire the Options made available to them.
4.3. Under the Option Plan, Aktsiaselts Infortar shall have the right to issue up to 400,000 Options for the acquisition of 400,000 shares, representing up to 1,89% of the share capital of Aktsiaselts Infortar.
4.4. Entitled Persons under the Option Plan (“Entitled Persons”) shall be:
(a) Members of the Supervisory Board of Aktsiaselts Infortar, whereby the granting of Options and the number of Options to be granted to specific members of the Supervisory Board shall be determined annually by the General Meeting by a separate resolution, provided that no Supervisory Board member shall acquire more than 4000 Options per year during the term of the Option Plan;
(b) Members of the Management Board of Aktsiaselts Infortar appointed by the Supervisory Board, whereby the number of Options to be granted to each Management Board member shall be determined annually by the Supervisory Board by a separate resolution, provided that no Management Board member shall acquire more than 4000 Options per year during the term of the Option Plan;
(c) Employees of Aktsiaselts Infortar and members of management bodies and employees of group companies, as designated by the Supervisory Board, or by the Management Board if so delegated by the Supervisory Board, whereby the number of Options to be granted to each such person shall be determined annually by the Supervisory Board or the Management Board (in case of delegation) by a separate resolution, provided that no such Entitled Person shall acquire more than 4000 Options per year during the term of the Option Plan.
4.5. Generally, Options issued under the Option Plan cannot be exercised, and the underlying shares cannot be acquired, before the 3-year vesting period has passed from the grant of the Option. A prerequisite for exercising the Option is that the Entitled Person remains a member of a management body or an employee of Aktsiaselts Infortar or any of its subsidiaries at the time of exercising the Option.
4.6. Each Option granted under the Option Plan entitles the Entitled Person to acquire one (1) share of Aktsiaselts Infortar upon fulfilment of the preconditions for exercising the Option. In the event of a change in the nominal value of shares, the number of shares granted under each Option shall be adjusted accordingly. The price payable for the shares upon exercising the Options shall be determined annually by decision of the Supervisory Board before the issuance of Options and the conclusion of option agreements for the respective year, provided that the price of the share option must be at least 26 euros per share and represent at least 50% of the weighted average stock exchange price of the share option over the six-month period preceding 1 June of the calendar year in which the option agreement is concluded. In the case of Options being granted to members of the Supervisory Board, the price per share shall be determined by the General Meeting based on the same principles.
4.7. The implementation and administration of the Option Plan shall be managed by the Supervisory Board of Aktsiaselts Infortar which shall establish the terms and conditions of the Option Plan by its resolution, following the principles approved by this resolution. The Supervisory Board may delegate decision-making and actions related to the implementation of the Option Plan to the Management Board of Aktsiaselts Infortar.
4.8. For the fulfilment of the Option Plan and the acquisition of shares to be transferred to Entitled Persons upon exercise of Options:
(a) New shares may be issued under the authorisation granted to the Supervisory Board by resolution no. 5 of the Annual General Meeting of the Shareholders, which shall be issued to the Entitled Persons; or
(b) Own shares held by Aktsiaselts Infortar may be used, including own shares acquired by Aktsiaselts Infortar under the authorisation granted by resolution no. 6 of the Annual General Meeting of the Shareholders.
In favour of the resolution voted 99,99% of the votes represented at the meeting (17,561,331 votes).
5. Amendment of the Articles of Association and exclusion of the pre-emptive subscription right of the Shareholders
Decide to grant the Supervisory Board the right to increase the share capital for the purpose of issuing new shares necessary to fulfil the conditions of the Option Plan approved by resolution no. 4 of the Annual General Meeting of the Shareholders and to amend the Articles of Association accordingly and to exclude the pre-emptive subscription right of Shareholders upon each increase of the share capital if the Supervisory Board increases the share capital of Aktsiaselts Infortar under the authorisation given by the Articles of Association for the implementation of the Option Plan:
5.1. Amend clause 2.1.2 of the Articles of Association with the following wording:
„The supervisory board of the company has the right, within three (3) years from 1 July 2025, to increase the share capital through contributions by up to 500,000 euros in accordance with the procedure set out by law.“
5.2. Shareholders shall exclude their pre-emptive subscription right in respect of shares issued by the Supervisory Board pursuant to the authorisation granted in clause 5.1 of this resolution, in accordance with § 345 (1) of the Commercial Code, and the right to subscribe for shares shall be granted to the Entitled Persons to the share option under the Option Plan approved by resolution no. 4 of the Annual General Meeting of the Shareholders for the purpose of ensuring the implementation of the Option Plan.
In favour of the resolution voted 99,99% of the votes represented at the meeting (17,561,357 votes).
6. Deciding on the acquisition of own shares
Grant Aktsiaselts Infortar the right to acquire its own shares under the following conditions:
6.1. Aktsiaselts Infortar shall have the right to acquire its own shares within five (5) years from the adoption of this resolution under a buy-back programme as defined in Regulation (EU) No 596/2014 (Market Abuse Regulation) and Commission Delegated Regulation (EU) No 2016/1052, by purchasing the shares through Nasdaq Tallinn Stock Exchange. The acquired shares may be used for fulfilling obligations arising from the Option Plan approved by resolution no. 4 of the Annual General Meeting of the Shareholders;
6.2. The maximum number of shares to be repurchased shall be 250,000 shares, the total nominal value of which corresponds to 1,18% of the share capital of Aktsiaselts Infortar;
6.3. The minimum price per share to be paid by Aktsiaselts Infortar shall be no less than 0 euros and the maximum price shall not exceed the average stock exchange price of the share of Aktsiaselts Infortar of the last 30 trading days preceding the relevant buy-back transaction by more than fifty percent (50%); and
6.4. The acquisition of own shares by Aktsiaselts Infortar must not cause the net assets to become less than the total of share capital and reserves which pursuant to law or the Articles of Association shall not be paid out to shareholders.
6.5. To authorise the Management Board to decide and execute share buy-backs in accordance with this resolution and applicable laws, to determine the buy-back price, procedure and other conditions, and to carry out all necessary actions.
In favour of the resolution voted 99,99% of the votes represented at the meeting (17,561,308 votes).
Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,296 people.
Additional information:
Kadri Laanvee
Investor Relations Manager
Phone: +372 5156662
e-mail: kadri.laanvee@infortar.ee
www.infortar.ee/en/investor
Source: GlobeNewswire (MIL-OSI)
BROSSARD, Quebec, June 04, 2025 (GLOBE NEWSWIRE) — Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A), a pioneer in early detection of critical health issues using advanced technology based on Artificial Intelligence (AI), is thrilled to announce that Dr. Tomas J. Philipson has joined the Corporation’s Advisory Board.
Dr. Tomas J. Philipson is considered an expert in US economic policy, particularly health care policy and appears often on major media outlets, including Forbes, The Economist, The Wall Street Journal, The New York Times, CNN, BBC, CBS, ABC, CNBC, Fox News, Fox Business, Newsmax, Yahoo Finance, American Voice, Bloomberg, and CSPAN.
He currently serves as Managing Partner of the VC firm MEDA Ventures, serves on several corporate boards, and has co-founded several companies, including Precision Health Economics LLC, with an exit in 2015 (currently owned by Blackstone).
His government service includes a full-time position as vice chairman and acting chairman of the White House Council of Economic Advisers 2017-20. He previously served as a senior economic adviser to the head of the Food and Drug Administration (FDA) and a senior economic advisor to the head of the Centers for Medicare and Medicaid Services (CMS). Dr. Philipson was appointed to the Key Indicator Commission by the Speaker of the House of Representatives in 2012. He was a scientific advisor to the House of Representatives initiative 21st Century Cures in 2015 and The Biden Cancer Initiative in 2017. He served as a healthcare advisor to Senator John McCain’s 2008 presidential campaign.
He received numerous worldwide research awards while he was a chaired professor at the University of Chicago. He is a two-time winner of the Arrow Award of The International Health Economics Association, the highest honor in health economics. Other awards include the Garfield Award for Economic Research, the Prêmio Haralambos Simeonidis from the Brazilian Economic Association, and the Milken Institute’s Distinguished Economic Research Award.
He received a B.A. in mathematics from Uppsala University in Sweden, an MA in Mathematics from Claremont Graduate School, and an MA and Ph.D. in Economics from the Wharton School and the University of Pennsylvania.
“We are honored to welcome Dr. Philipson to our Advisor Board,” said André Larente, President and CEO of DIAGNOS. “His extensive experience at the highest levels of government and business savvy brings a vital perspective to today’s policy challenges, from healthcare innovation to long-term economic competitiveness.”
Mr. Larente added, “DIAGNOS has built an AI platform to analyze retina images, these images are taken by thousands of optometrists worldwide. According to the VisionWatch data, the US saw approximately 111 million routine eye exams and 60 million medical eye exams in 2020. DIAGNOS, along with its partners, can address this growing market.” DIAGNOS recently opened its US office in south Florida to support its prospects and clients.
About DIAGNOS
DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical eye-related health problems. By leveraging Artificial Intelligence, DIAGNOS aims to provide more information to healthcare clinicians to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes on a global scale.
Additional information is available at www.diagnos.com and www.sedarplus.com.
This news release contains forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: GlobeNewswire (MIL-OSI)
LONDON, June 04, 2025 (GLOBE NEWSWIRE) — A loved one’s passing brings both emotional pain and the heavy weight of complex legal and administrative tasks, leaving families with more to manage than just grief during their time of loss. Today, IQ121 announces the launch of its new legacy building platform, allowing users to safely organise, store and share their most important digital assets. This helps family members and business partners easily navigate paperwork, access important records and feel connected to their loved ones through the memory, photo and video-sharing capability.
IQ121 stores essential items, including:
The idea for IQ121 was generated by Hollywood actor Kunal Nayyar, best known for his role in “The Big Bang Theory,” during the COVID-19 pandemic. While organising his parents’ trip from India to the U.S., struggling to gather flight numbers, passport details and hotel confirmations, the frustration led him to question: “Why isn’t there an easier way to share this information?” With the pandemic causing many family members to experience sudden, unprecedented loss, the idea progressed into addressing other vital records people accumulate throughout life. Motivated by both a personal loss and a desire to ease others’ suffering, Nayyar created IQ121 to help people prepare for life’s hardest moments.
“Navigating grief is already unbearable; the last thing families need is to feel confused or unprepared. IQ121 brings comfort, structure and lasting peace of mind during times of unimaginable difficulty,” Nayyar said. “We wanted to create a way to guide anyone facing loss through those times, with humanity and dignity, so they could focus on what truly matters most: honouring loved ones and coping with grief. IQ121 empowers people to take control of their legacy, because everyone’s story deserves to be honoured, shared and remembered.”
IQ121 is not just for seniors; people of all ages can become members to store and protect their digital records accumulated over time. Plans will automatically pass down through trusted successors, ensuring a family’s legacy lives on.
“IQ121 goes beyond file storage. It is a place to preserve what makes a person’s life meaningful,” said Tim Ashley Sparks, spokesperson for IQ121. “Members can create video messages for future birthdays or tell a story to a grandchild. The app is designed not just for estate planning, but for fostering connection and ensuring memories live on.”
Backed by military-grade AES-256 encryption — the same technology trusted by banks and governments — IQ121 is a secure end-of-life planning app. It also offers a flexible subscription model to fit every member’s particular goals, allowing for added storage as needed.
Available on iOS and Android, IQ121 is the only end-of-life planning app that supports six major languages (English, Japanese, Chinese, Spanish, Portuguese, Russian), making it globally accessible for multilingual users.
A media kit of photos, videos, logos and headshots is available here. To learn more, visit www.iq121.com.
About IQ121
IQ121 (pronounced IQ One-Two-One) is a first-of-its-kind comprehensive digital platform designed to help individuals, families and professionals organise, manage and safely store essential life documents and digital assets. With the growing need for secure and easily accessible digital solutions, IQ121 offers an encryption-backed, all-in-one platform that simplifies estate planning, digital asset management and legacy preservation.
Media Contact
Julia Cappiello
Uproar by Moburst for IQ121
julia.cappiello@moburst.com
Source: Scotland – Highland Council
Today (Wednesday 4 June) at The Highland Council’s meeting of the Education Committee, High Life Highland Chief Executive, Steve Walsh will provide a progress report on performance during the operating period to 31 March 2025, including information on HLH’s contributions to The Highland Council Corporate Plan 2022-27 and other achievements and accolades received throughout 2024/25 with a focus on the delivery of the music tuition service.
Education Committee Chair, Cllr John Finlayson said: “High Life Highland contribute an integral part in ‘making life better’ for the communities it serves, supporting people of all ages across the Highlands through delivery of services including leisure facilities, libraries, archives, community centres, sport, outdoor activities, adult learning, music tuition, visitor attractions and youth work.
“We always looking forward to bringing performance reports to the Education Committee and are heartened to see from the report that in-person customer visits to HLH services in 2024/25 were almost 5 million, a 9% increase on the previous year and the report on the music tuition service and the wonderful contributions that music brings to both children and adults across Highland.
“It has never been more important for communities to be part of recreational pursuits and the work of the dedicated High Life Highland team to continue to pivot operating models and positively engage more and more people to get involved in activities that promote self-esteem and improve wellbeing is fantastic, and I thank all the team for the important role that each and everyone plays in keeping Highland a happier, healthier, musically talented and more inviting place for both residents and visitors to enjoy.”
The full report can be found here (Item13) and be viewed live on Wednesday 4 June by clicking this link.
4 Jun 2025
Source: Scotland – Highland Council
The Highland Council welcomes the positive Education Scotland report following an inspection visit to Millburn Academy, Inverness.
Following the inspection, Millburn Academy received the following quality indicators:
Education Committee Chair, Cllr John Finlayson said: “The recent inspection at Millburn Academy from Education Scotland received a very positive report, reflecting the professionalism, dedication and commitment of the caring staff at the setting to create an inclusive, safe and nurturing ethos for all pupils attending.
“The report found significant strengths in aspects of the staff and young peoples’ positive relationships. This is a strength of the school and impacts positively on the experiences of young people. Staff have worked very effectively to ensure a safe and respectful climate for learning, with supportive and highly skilled leadership that enable the school to deliver high quality education supported to meet pupils’ individual needs.
“I’d like to congratulate the staff at Millburn Academy for their continued dedication and very good inspection report.”
Key messages from the report:
4 Jun 2025
Source: City of Oxford
Oxford’s leisure centres are offering two days of free swimming lessons, family fun swims and inflatable sessions during a Big Splash Weekend, taking place on 7th and 8th June 2025.
The weekend of free activities will be hosted at:
Hinksey Outdoor Pool
Ferry Leisure Centre
Barton Leisure Centre
A key feature of the Big Splash event is a programme of free taster swimming lessons delivered by the centres’ fully-trained teaching team. These sessions are a great way for people of all ages to try swimming before signing up to a course.
To book a session at the Big Splash Weekend, please visit Oxford City Leisure.
“Learning to swim is such a vital life skill, and as we head into the summer months, more people will be heading out on holidays, involving a trip to the beach or a swim in a hotel pool. It’s vital that anyone entering any body of water is armed with the skills needed to stay safe. Our taster sessions are the perfect ‘try before you buy’ option for new learners of all ages.
We’re also offering free family swim sessions in the pool on Saturday and Sunday, plus a chance to try our super-fun inflatable obstacle course. Check out the centres’ websites for booking details, and get ready to enjoy the Big Splash Weekend!”
– Rob Jennings, Contract Manager for the centres
“Swimming isn’t just a fantastic way to stay active and healthy – it’s an important life skill, especially as we head into the summer. While under 17s can swim for free all year round (in designated sessions), the Big Splash Weekend is a great opportunity for Oxford families to try out the swimming lessons for free, enjoy the facilities and build confidence in the water. I encourage everyone to make the most of it!”
– Cllr Chewe Munkonge, Cabinet Member for a Healthy, Fairer Oxford and Small Business Champion
Hinksey Outdoor Pool, Ferry Leisure Centre, Leys Pools & Leisure Centre, Barton Leisure Centre and Oxford Ice Rink are operated by More Leisure Community Trust in partnership with Serco Leisure, on behalf of Oxford City Council.
Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
A pre-premiere screening of Maria Reizen’s film “Impostors” took place. The action takes place in October 1993: against the backdrop of historical events, two lovers try to understand the circumstances of the death of a famous director and save his last film.
Producer Georgiy Lordkipanidze said: “We must remember that we live in a history textbook. It does not end, and God willing, it will not end for a long, long time. It is fascinating and pleasant in its own way. This knowledge makes life much easier when you understand that you live in history, and it continues. This is its lesson – what happened once in one form or another will definitely happen again, will happen again.”
The film “Impostors” is a very transparent statement on this topic. It is about people who find themselves on yet another broken-off ice floe among moving tectonic plates. The relationship of oneself to events, proportion – it seems that this is what the film screams about, if the entry point into it is the story of the main character. And the understanding that everything is repeating itself, and people have not drawn global conclusions, does not save the viewer from his own drama.
The authors rethink Pushkin’s “Boris Godunov” through the “Time of Troubles” – the autumn of 1993. It seems to be the first artistic attempt to live through that period. 30 years is a sufficient period for a film to become historical. With every detail verified, the film is more of a discourse, a metaphor and a philosophical statement. Godunov runs through the film like a dotted line, but such that the main action is perceived precisely through him – as a foundation on which everything is strung.
Alexander Sergeyevich wrote Boris Godunov 200 years ago, and it was, as the creators of the film rightly note, the first realistic historical drama filled with psychologism, the author of which violates all the laws that prevailed not only in Russian but also in world dramaturgy – the unity of place, time and action, the unity of genre and style of speech, the subordination of the plot to a love affair.
At that moment, Pushkin becomes a historian and political thinker, gives a philosophical definition of the fate of Russia. And perhaps such a film seems to give the viewer a new Pushkin, which significantly expands the boundaries of the film itself. This intersection with many worlds at once: literature, philosophy, history, is the beginning of a big conversation, which, of course, goes on continuously, but the film brings it to a wider audience. An interesting phenomenon is how cinema becomes a starting point for a big discourse and how, going beyond itself, it can lay claim to eternity.
“It seems to me that the form of this film allows us to hope that it will be seen not only by those who watch it in the coming weeks of distribution or later, when it goes on television platforms. This is a film that you can discover for yourself after some time,” explains Georgy Lordkipanidze. As in Pushkin’s “Boris Godunov”, the plot of “The Impostors” centers on ordinary people. The complicated, year-long relationship of the main characters is a real love drama. They find themselves drawn into a detective story, which is intensified by the events that take place. The turmoil of autumn 1993 erases everything that was, becomes stronger for each of them, but gives life new meaning. This is a personal tragedy and a tragedy for the country.
“The Impostors” is a multi-layered film. The viewer can be on one level, or can try to exist on all of them at once, which is certainly better because it provides a deeper immersion. But still, this is a film for everyone – and it is exactly what the person watching it is: well-read, living his own drama, searching or tired.
The film contains many metaphors. The theme of the holy fool refers, for example, to the very essence of foolishness in Rus’, and to films, and to parables. The creators of “The Impostors” ask themselves and the viewer precisely calibrated questions, but great art always implies that the answers must be sought independently.
This carefully assembled picture from the autumn of 1993 is the perfect work of production designer Evgeny Mitta, who accurately recreated the spirit of that time. “In general, this is already considered a historical film by cinematic standards. Quite a lot of time has passed, all this equipment no longer exists in the current media space. And we had to search quite well for some individual parts of the equipment and try to recreate it all,” says Evgeny Mitta.
But it all started with a script written by Sergei Shumakov, the general director and editor-in-chief of the Kultura channel. That is why the story through the eyes of journalists looks as plausible as possible. Sergei Shumakov, in essence, showed the work of those he understands best, especially since he himself worked in television in 1993 and was in the television center building on the night of October 3-4.
“I think the experience of documentary filmmaking helps, because the chronicle was the most difficult thing we did. The entire process of finishing the film took three years, but the chronicle took one and a half of that. Plus, during the preparation process, we worked on the chronicle, because there were documentary filmmakers who were separately from me preparing it for the set. In order to watch it before the motor, the group watched the chronicle – everyone remembered what happened. Some did not remember, but saw it for the first time – those who were younger. In general, the chronicle was probably the most difficult,” says Maria Reizen.
The cast of “The Pretenders” is so impressive that it’s worth watching the movie just for them: Linda Lapinsh, Sergey Shakurov, Egor Beroev, Vladimir Guskov, Anna Mikhalkova, Mikhail Filippov, Aleksandr Adabashyan and others. It’s especially nice to see Ildar Gainutdinov, who plays the role of False Dmitry.
“As for the role, my hero, it was very multi-staged. If we specifically proceed not from the excerpt, if, let’s say, we take on a full-fledged character, then we could take, for example, a story – how a person is changed by his desire for power, how his dream becomes some kind of nightmare. That is, this is a very, very complex work,” notes Ildar Gainutdinov.
“The Pretenders” is a film that goes beyond itself. It is a serious attempt to understand the autumn of 1993, a large open dialogue with Alexander Pushkin, a history of stories, a film with a very precise inner time and brilliant work of the entire team. A magnificently depicted life of ordinary people who found themselves in the center of a historical breakdown.
The film will be released on June 5th and can be seen in the Moskino chain of cinemas.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
https: //vv.mos.ru/nevs/ite/154812073/
Source: United Kingdom – Executive Government & Departments
Bacteriophages – viruses that selectively fight bacteria – may offer new hope in fighting infections and tackling antimicrobial resistance.
Bacteriophages attaching to bacterium.
The Medicines and Healthcare products Regulatory Agency (MHRA) has today (4 June) published the UK’s first official guidance to support the safe development and use of phage therapies – treatments that use viruses to target and destroy harmful bacteria.
The guidance aims to help researchers and companies develop phage-based medicines that meet UK safety, quality and efficacy standards, so they can be made available to patients who need them most.
It covers both combined phage products designed for common infections and circulating strains, as well as personalised phage therapies that are tailored for individual patients with rare or highly resistant infections.
For patients, this could mean access to phage treatment when standard-of care-antibiotics fail or cannot be given, for example due to allergies. While some patients in the UK have already received phage therapy under compassionate use – with phages imported from abroad – there are currently no licensed phage medicines on the UK market.
“Some infections are becoming harder to treat when antibiotics are ineffective against them – and patients urgently need new options.
“Phage therapy is one of several promising approaches. This guidance brings together relevant standards to provide clarity for researchers and companies, so they can develop these treatments safely and bring them to the people who need them.
“We’re committed to working with industry to support innovation in this space – without compromising on the robust safety and quality standards that patients rightly expect.
“It’s part of our wider mission to support innovation and make the UK a world leader in life sciences.”
Phage therapies use bacterial viruses – called bacteriophages – that attack specific bacteria without harming human cells. They have received increased interest in recent years as a potential way to treat antibiotic-resistant infections, with over 60,000 serious antibiotic-resistant infections estimated annually in the UK and growing.
The MHRA’s publication sets out how existing UK and international regulatory frameworks apply to phage treatments – from early research through to use in patients. It provides clear, practical advice on what’s needed at each stage of development – whether the goal is a fully licensed product or a treatment used under a clinician’s responsibility for an individual case.
Further detail in the guidance includes: – What evidence is needed to support clinical trials and market authorisation – How to meet standards on quality, safety and manufacturing, including the application of Good Manufacturing Practice (GMP) – How personalised treatments can be developed and supplied – When and how unlicensed phage treatments can be used for individual patients
The 28-page document brings together UK and international regulatory standards in one place, helping innovators clearly understand what’s required – and avoid unnecessary delays.
“Developers have told us they need clarity on how phage therapies fit into the UK’s regulatory system. This helps signpost relevant requirements, providing that clarity. We continue to support innovation by working closely with industry and researchers while making sure patients are protected every step of the way.”
The publication supports the UK’s antimicrobial resistance (AMR) strategy and the MHRA’s wider role in enabling innovative, science-led regulation that meets public health need while maintaining high standards for quality and safety.
“MHRA’s new guidance helps lay the foundations for phage therapy opportunities in the UK. It provides much-needed direction for scientists and researchers working to make this treatment a reality for patients.
“Phage therapy truly has the potential to transform the way we treat bacterial infections, especially as resistance to antibiotics grows. At UKHSA, we’re developing new ways to help increase phage therapy use and research, including a bacteriophage collection where scientists can both access and deposit phages. In time, we hope solutions like phage therapy can become a first-line treatment option.”
The MHRA developed the guidance with input from the Phage Innovation Network, a cross-sector group supported by Innovate UK, and from industry, clinicians and academic researchers.
“As difficult-to-treat infections continue to rise, phage therapy is becoming an important complement to existing treatments. Recent steps have been taken by European regulators to outline the regulatory framework for phage-based medicinal products, but developers still need support to navigate it effectively. Clarity about the pathway – tailored to the unique characteristics of phages – is vital to help meet quality, non-clinical, and clinical requirements, and ultimately bring phage-based treatments to patients more efficiently.”
“There is an urgent and increasing need for new ways to treat antimicrobial resistant infections, with bacteriophage being at the forefront of recent developments. This new guidance from the MHRA is incredibly forward-thinking and puts the UK in pole position to fully realise the healthcare and commercial benefits of this exiting technology.
“As a Company developing bacteriophage products for human use, this guidance helps us to decrease perceived risks and gives clarity to the regulatory landscape, ultimately enabling us to more readily bring investment into the UK.”
Companies interested in developing bacteriophage treatments can access scientific advice from the MHRA at any stage of development.
Source: City of Stoke-on-Trent
Published: Wednesday, 4th June 2025
Installation work will start on a new red route in the city early next month.
Installation work will start on a new red route in the city early next month.
The red route will be installed on Broad Street, Hanley between Potteries Way and Victoria Square from Monday, June 9.
The work will take three days to complete and will include the removal of double yellow lines and the installation of new signage, double red markings and cameras.
The installation follows a public consultation in 2024 which outlined the proposed restrictions on the corridor, in relation to concerns about illegal parking in the area. The aim of the scheme is to help with traffic flow across the city, support the economy, improve air quality, address road safety concerns.
Councillor Finlay Gordon-McCusker, cabinet member for transport, regeneration and infrastructure at Stoke-on-Trent City Council, said: “Day after day, drivers have been ignoring the double yellow lines here, causing disruption and putting pedestrians at risk.
“Our enforcement teams have been out to the location multiple times a day, but enough is enough.
“This red route will put some order back on our streets and make it clear that parking restrictions aren’t optional. They’re there for the safety of all road users, and often, to ensure traffic—especially buses—can flow freely.
“If you park where you shouldn’t, there will be consequences.”
City Council parking officers have visited this particular site 1,333 times in the last 12 months to tackle incessant parking issues.
The Red Route penalty is £70, discounted to £35 if paid within 14 days.
The project is funded by the city council’s Bus Service Improvement Plan (BSIP) and forms part of the wider network of strategic red routes being introduced across the city to help make bus journey times more reliable.
While the work is being carried out, disruption will be kept to a minimum.
Works will be carried out between 9am and 3.30pm each day. The red route will be enforceable from Monday 16 June.
Source: City of Oxford
A Greater Oxford Council would bring decisions closer to the people they affect and enable improved services, more affordable homes, better transport connections, protected green spaces, and new, secure jobs.
The government has asked councils across England for proposals on simplifying the structure of local government in their regions.
In March, Oxford City Council put forward outline proposals that would see Oxfordshire’s six councils abolished and replaced with three new councils:
All three councils would have natural geographic and demographic connections, local accountability to residents, and would be viable under the government’s plans.
Today, Oxford City Council has announced new details of its proposals, including a new boundary map for Oxfordshire, ahead of public engagement on the plans in June and July.
The last time local government was reorganised in Oxfordshire was in 1974.
For more information about the Greater Oxford proposals, visit greateroxford.org.
A Greater Oxford Council would cover Oxford and the communities within its Green Belt that are naturally linked to the city by work, transport and leisure.
View an interactive map showing the proposed Greater Oxford Council and the Green Belt.
Greater Oxford would cover a region with a population of about 240,000 people today, rising to about 345,000 by 2040.
The Greater Oxford boundary closely follows the line of Oxford’s Green Belt.
Currently, almost all of Oxford’s Green Belt – which was created in 1975 – sits outside the city’s administrative boundaries.
The Greater Oxford proposals would give local residents control of the Green Belt for the first time.
The government has been clear that some of the ‘Grey Belt’ – defined as “poor quality” areas of the Green Belt – in England should be developed to help deliver 1.5 million new homes over the next five years.
This will be a big change for Oxfordshire.
Rather than incrementally building around every town and village across the county, as is currently the case, Greater Oxford can ensure that high-quality, suitably dense and sustainable developments are built near to existing jobs and community facilities, with good public transport.
Oxford is one of the least affordable places to live in the country. Average house prices are 13 times average salaries, and 3,500 households are on the waiting list for council homes. It’s little different in the villages around the city, where house prices are linked to the Oxford housing market and 100s of households also wait for affordable social housing.
The city’s current administrative boundaries are tightly drawn around existing homes and businesses, meaning there is little space to deliver the number of homes needed.
Greater Oxford would enable genuinely affordable homes, including new council homes, to be built at appropriate densities near to existing jobs and community facilities that have good public transport.
It would also mean that Oxford could tackle the housing crisis without the need to build homes in neighboring authorities, giving the Northern Oxfordshire and Ridgeway councils full control of their own housing needs.
The proposals would see over 40,000 new homes built within Greater Oxford by 2040.
If the new council follows Oxford City Council’s current planning policies, 40% of these new homes – over 16,000 homes – would be required to be new council homes.
Oxford has one of the fastest growing and most successful local economies in the UK.
Oxford is a net contributor to the UK’s economy – generating £7.6bn annually – has been ranked on of country’s top performing cities by PwC, including attraction of overseas investment, for many years.
The city has huge unmet demand for labs, innovation space, offices and hotels, but the current administrative boundaries – which are tightly drawn around existing homes and businesses – means Oxford’s economy is being artificially restricted.
The Greater Oxford proposals would see the creation of 5.9m–9.6m sq ft of research and development space and 2.1m–3.2m sq ft of other commercial space. This would create between 17,900 and 29,100 new jobs in Greater Oxford, which would generate up to £2bn a year for the UK’s economy.
The Greater Oxford proposals would also bring decision-making on apprenticeships and skills training back to the local level. The new council would look to increase apprenticeship and training opportunities in Greater Oxford, so local people have a proper share in the area’s growing success.
The transport system in the Greater Oxford region is in crisis.
There is chronic congestion in and around Oxford, which is impacting the financial sustainability of the city’s bus companies.
Greater Oxford would give local residents full control over Oxford’s transport for the first time in 50 years. The transport network has been run by Oxfordshire County Council since 1974.
The proposals would provide additional bus services to villages around the city by extending existing routes.
Having one council for Greater Oxford would also mean planning and transport could be properly integrated. Currently, the services are run by separate councils.
The Thames and Cherwell rivers and their tributaries flow through the heart of Greater Oxford, surrounded by vast green spaces and natural beauty. It is key that we protect and enhance these spaces.
The creation of a Greater Oxford Council would strengthen the control that Oxford and the main population centres around it have over the Green Belt. We would work to strengthen protection for valuable green spaces, proposals that would help wildlife to flourish, enhance biodiversity, improve the quality of our air and water, and help mitigate the impacts of climate change. This will build on the successes of the Zero Carbon Oxford Partnership, recently expanded to Oxfordshire, which came out of the pioneering Citizen’s Assembly on Climate Change.
Our proposal would see the creation of a more resilient, more connected, network of nature and wildlife corridors, as well as continued support of the vital conservation and nature recovery initiatives – such as those in the Bernwood-Otmoor-Ray area at Bernwood Forest, the River Ray, and the Otmoor Basin.
It would also facilitate wider ecosystem benefits, including flood regulation, nature recovery and carbon storage, which are essential in protecting our homes and environment from the increasing impacts of climate change.
Green spaces are also just as important as urban spaces in fostering healthy communities and improving well-being. The Greater Oxford proposals would also give residents improved access to nature and the landscapes of our region, ensuring they can be enjoyed by everyone.
At the moment, only city residents can take advantage of Oxford City Council’s community services offer, which includes:
Free swimming for under 17s in Oxford’s swimming pools – Barton Leisure Centre, Ferry Leisure Centre, Leys Pools and Leisure Centre, and Hinksey Outdoor Pool
Free youth clubs and activities, including summer holiday activities, as part of the Oxford Youth Ambition programme
Heavily discounted leisure centre membership for people on qualifying benefits, including those on carer’s allowance, foster carers and those on disability allowance
Under the proposals, all Greater Oxford residents – including residents of Berinsfield, Botley, Kennington, Kidlington and Wheatley – will be able to take advantage of the offer.
The aim would also be to extend the offer to Abbey Sports Centre in Berinsfield, Kidlington and Gosford Leisure Centre, and Park Sports Centre in Wheatley.
Oxford City Council will carry out public engagement on its Greater Oxford proposals in June-July, including public events in Berinsfield, Botley, Kennington, Kidlington and Wheatley.
Following the public engagement, Oxford City Council will draw up its final Greater Oxford proposals, which will be submitted to the Government in November.
The final decision on local government reorganisation across England, including in Oxford and Oxfordshire, will be made by the Government in 2026.
New councils are expected to be created in 2028.
Oxford City Council carried out an initial survey on its proposals in February, which found 82% think the current two-tier local government arrangements could be improved, and 67% think councils should not be too large, so they can better meet the needs of local residents.
“Oxford’s council services are currently split between Oxford City Council and Oxfordshire County Council. This is confusing for residents and means decisions affecting the Greater Oxford area can be made by councillors from Chipping Norton or Henley.
“Greater Oxford will bring local decisions under one roof and closer to the people they affect – helping us build more affordable homes, provide new bus connections, protect green spaces and enhance biodiversity, and create new, secure jobs for our children and grandchildren.
“Our proposals will bring better services and help make Greater Oxford a fairer place to live, work and visit.”
Councillor Susan Brown, Leader of Oxford City Council
Source: City of Manchester
Council Leader Bev Craig reacts to news today that the Greater Manchester region will receive £2.5bn in new funding to create the UK’s first fully integrated, zero-emission public transport network.
The funding will also unlock proposals for a new Metrolink stop at Sandhills in Collyhurst that will support ongoing investment in the community and drive future phases of regeneration in the north Manchester neighbourhood.
“Today’s £2.5bn zero-emissions transport funding announcement is transformative news for Manchester and the city region. Manchester has campaigned for many years to see investment in our transport system. In a settlement that was better than we predicted and will make a real difference right across the city.
“We have already seen the success of bringing the buses under public control and this will be a much-needed boost to improve capacity for years to come.
“This investment will also help create new homes and new jobs – and it is a clear show of support from this government towards our sustainable growth agenda.
“Crucially for Manchester, this funding will help deliver the brand new Metrolink stop at Sandhills in Collyhurst and unlock the ambitious future phases of regeneration in this community that will see more than 2,500 new homes – including significant Council and social housing – and new shops alongside education and medical facilities.
“This is a major driver for the future investment in Collyhurst as part of the once-in-a-generation Victoria North regeneration programme that will deliver more than 15,000 new homes in the next decade across seven neighbourhoods, each connected by quality green space.
“But this is only one element of the ambitious plans for North Manchester. We look forward to working closely with this Government in the coming months to realise the wider potential of this part of our city through the North Manchester General Hospital programme, continued investment into our high streets and district centres, and a raft of new home building that puts North Manchester as a priority for our future growth plans.”
The first phase of development in Collyhurst is nearly complete, where 274 new homes are under construction, including 130 homes for social rent alongside a new community park.
Find out more about the regeneration of Collyhurst
Find out more about the Victoria North regeneration programme
Source: United Kingdom – Government Statements
Respondents have until 29 July 2025 to submit their views on the draft revised national policy statement for ports.
Today (4 June 2025), I am laying before Parliament the draft amended national policy statement for ports (NPSP).
The extant NPSP was designated in 2012. It sets out the need for development of ports in England and at reserved trust ports in Wales, currently Milford Haven. The NPSP provides guidance for applicants in preparing and for the Secretary of State in determining applications for development consent orders (DCOs) for sea port applications.
The previous government announced a review of the current NPSP in a written ministerial statement in March 2023. In light of our missions and priorities, this government has continued that review and has decided to amend the document.
Today, I have launched a public consultation on a draft revised NPSP, along with an appraisal of sustainability (AoS) and habitats regulations assessment (HRA). These are subject to a public consultation period of 8 weeks and to Parliamentary scrutiny in parallel. My department is also publishing port freight demand forecasts for the United Kingdom as a whole, to which the draft NPSP refers. The documents are available on GOV.UK.
I will place copies of the public consultation document, the appraisal of sustainability, and the habitats regulation assessment in the libraries of the House. The public consultation will close on 29 July 2025. The relevant period for parliamentary scrutiny will be from 4 June to 14 November 2025.
The review of the NPSP is proceeding in parallel with our wider programme of planning reforms, including the Planning and Infrastructure Bill currently before this House, designed to expedite and facilitate decision-making and stimulate growth and green energy transformation.
Translation. Region: Russian Federal
Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –
The Institute of Industrial Management, Economics and Trade of SPbPU together with the international logistics company “Aurora Logistics” held a student case championship. Participants were looking for practical solutions for the formation of an effective transport and logistics model for the development of hydrocarbon deposits on the shelf.
The championship started in early April, when the teams received tasks from the company. For one and a half months, 25 teams from 14 cities in Russia, Belarus and Uzbekistan prepared solutions to defend them in the final. The event was held in a mixed format: in person, online and remotely.
The guys worked on effective transport and logistics solutions for the development of offshore hydrocarbon deposits. Difficult climatic conditions, environmental risks and the need to minimize costs dictate the search for breakthrough solutions. The participants presented projects that combine digital technologies, environmental responsibility and economic efficiency.
For our institute, it is important to organize and hold events together with the economic sector. It is the case championship format that puts participants in a real situation of finding solutions in conditions of time shortage and uncertainty with some data. The key here is the presence of tasks from partner companies and the competitive element, plus online materials and webinars with experts. All this involves students in the process, motivates, and provides practical experience, – noted Vladimir Shchepinin, Director of the Institute of Industrial Management, Economics and Trade.
The jury included representatives of Aurora Logistics: Deputy General Director for Offshore Project Logistics Alexander Kornalevsky and Head of the HR Department Olga Abramova, as well as Director of the Higher School of Industrial Management Olga Kalinina, Professors Mikhail Afanasyev and Alexander Ilyinsky, Associate Professors Anna Timofeeva, Natalya Alekseeva, Lyudmila Medvedeva and Dmitry Metkin, Senior Lecturer Vyacheslav Melokhin and Assistant Konstantin Sharlai.
The first place was taken by Elizaveta Dasayeva, Karina Malyukova, Yulia Eroshenko and Maria Vshivkova, representing the G. I. Nosov Magnitogorsk State Technical University.
Second place was awarded to students of the Higher School of Industrial Management of SPbPU Anastasia Malashchitskaya, Egor Korolev, Denis Krutov and Alexander Khomyakov.
Third place was shared between two teams. These are students of the Belarusian State Economic University Ekaterina Meshkova, Maria Zakharchuk, Olga Shutova, Ksenia Sarkan. And students of the Higher School of Industrial Management of SPbPU Artur Prokhorov, Diana Svitkova, Alexandra Karkhanova and Nikolai Kazmin.
The students were awarded winners’ diplomas, certificates, special diplomas for individual nominations and valuable gifts from Aurora Logistics.
This championship is the result of a strategic partnership between the Higher School of Industrial Management and the company “Aurora Logistics”, fixed in a cooperation agreement. It is extremely important for us that students solve real cases, not abstract problems. This is how our model of practice-oriented education works: through interaction with the industry, we prepare specialists who are ready to immediately get involved in work on complex projects, be it the Arctic or other points of economic growth, – emphasized the director of the Higher School of Industrial Management Olga Kalinina.
The students immersed themselves in the specifics of developing offshore hydrocarbon deposits and showed themselves to a potential employer. Special thanks to the members of the organizing committee: the head of the HR department of Aurora Logistics Olga Abramova and associate professor of the higher school Anna Timofeeva, – noted the main organizer of the championship, academic director of educational programs in oil and gas management Mikhail Afanasyev.
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.
Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
Monumentality, modern technologies and movement into the future – this is how British architect and urban designer Hussam Shakuf sees Moscow. He visited the capital in 2021, and when he returned four years later, he did not recognize it at first – and does not hide his delight at the changes.
Hussam Shakuf visited the 6th Moscow Interior and Design Week, which took place in the Manezh Central Exhibition Hall. There he gave a lecture entitled “Beyond Borders: Creating Inspiring Interiors and Public Spaces”. And in an interview with a correspondent from the mos.ru portal, the architect talked about what he likes about the Russian capital, whether new buildings should be combined with cultural heritage monuments, and what his vision of a smart city is.
Hussam Shaqouf is best known for the projects he worked on with the renowned British firm Zaha Hadid Architects for 17 years. Among others, he designed an asymmetrical diamond-shaped shell in North Africa and the ellipsoidal headquarters of a major smartphone manufacturer in Shenzhen. Hussam Shaqouf also participated in the design of a business center in the southeast of Moscow, consisting of flat squares stacked on top of each other.
The specialist highly praised the changes that have taken place in the capital’s architecture in recent years.
“In Moscow, there are more buildings created by young architects who use parametrics in their design – computer modeling based on mathematical algorithms. These buildings feel dynamic, moving into the future,” the architect believes.
From his point of view, there is also dynamism in the proximity of cultural heritage sites to modern buildings – this is a hint at the transition from the past to the present and future.
“On the one hand, it is important when the city has buildings that are reminiscent of past eras. In those distant times, they were also a symbol of progress, and, of course, they need to be restored and maintained. On the other hand, when planning new objects, we always look ahead, asking ourselves: how will they fit into the metropolis in five years? Is it worth building retro-style buildings now just so as not to violate the concept of the street? I admit, I am for contrast. Let old mansions and avant-garde towers stand next to modern houses. After all, the future belongs to the new. Of the old that I see in Moscow now, Stalinist architecture is closest to me: these houses, although built in the middle of the 20th century, seem to be a foundation, a model for creating ultra-modern buildings, they have a sense of monumentality,” says Hussam Shakuf.
He calls himself a bearer of the avant-garde DNA. At the same time, the architect admits that even in postmodernist projects it is important to take into account the cultural characteristics of the country and the city and organically integrate them into fantastic ideas and new technologies. Such is, for example, the Heydar Aliyev Center in Baku, created by Zaha Hadid Architects: the outlines of its roof reflect the waves of the Caspian Sea, and the swaying flames, referring to the ancient cult of fire that existed in Azerbaijan, and geometric figures – a triangle, a rectangle, a trapezoid.
According to Hussam Shakuf, a modern city should be comfortable to live in. However, despite the architect’s commitment to everything modern, he is against a metropolis consisting entirely of roads and cars.
“It’s healthier to walk. If you walk for 35 minutes, you’ll quickly relieve stress, which means you’ll be happier and more productive. I’d also install smart traffic lights everywhere, which would reduce car traffic,” says our interlocutor.
Another thing is that the size of Moscow and other world capitals hardly allows for walking. But Hussam Shakuf knows how to solve this problem.
“Large cities need large multifunctional complexes where people can live, study, work, and have fun, then they won’t have to go anywhere, and the economy of the area where such a complex is built will develop. And this is exactly the concept I call a smart city,” the architect notes.
He also does not support the widespread launch of air taxis, as is planned in some cities in the future. “This means that passengers will land on roofs and enter buildings from above. What is the point of having a ground floor then? If this is the method of moving around the city that wins in the future, we will have to design buildings completely differently,” says Hussam Shakuf.
According to Hussam Shaqouf, the interior structure of a building is what connects architecture with man.
“I recently worked on a project for a business center for a Chinese smartphone manufacturer in Shenzhen. First of all, I tried to put myself in the shoes of the company’s employees and understand what could inspire them when they come to work. Firstly, it is a view of the city and the Shenzhen Bay, so the walls are glass. Secondly, convenient passages from one tower to another, and you can get into the buildings both from the street and from the interior. Thirdly, spacious rooms where people communicate with each other and drink coffee,” the architect says.
In his opinion, the most important thing in the interior is accessible and at the same time isolated public spaces. In particular, he would like to build houses in Moscow where the courtyard is at the level of the second floor and is a podium: so residents could walk with their children and talk to each other without being distracted by passers-by and what is happening on the streets.
“We currently discuss business and personal interests mainly on social networks. But is it really possible to really get to know a person this way? If every home or office had a place to meet with neighbors and colleagues, there would be no need for online correspondence,” Hussam Shakuf sums up.
More than 50 applications have already been submitted for the competition “Best Implemented Project in the Field of Construction”A Round Kindergarten, a Ribbon Roof, and a “Flying” Metro. The Laureates of the City’s Architectural Prize in Different Years — in DetailFrom Denmark with Love. Urbanist and Architect Jan Gehl Shares His Impressions of MoscowFirm determination. French urbanist Nicolas Bouchaud on changes in Moscow, similarities with Paris, and climate strategyDavid Adjaye’s Utopia and Zaha Hadid’s Curves: Architecture of the Future in Moscow
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
https: //vv.mos.ru/nevs/ite/154800073/
Source: United Nations Economic Commission for Europe
The transition to clean energy in South-Eastern and Eastern Europe, the Caucasus, and Central Asia necessitates a comprehensive overhaul of power systems, with investment needs estimated at $150 billion by 2030. However, by embracing digitalization across all sectors – from generation and transmission to distribution and end-use – and integration with renewable energy, these countries could reduce their carbon emissions by up to 70% and energy costs by as much as 80%, subject to system-wide optimization, outlines the UNECE study “Integrating twin transition with legacy energy systems”
The study analyses opportunities and challenges for a digital transformation of energy systems in Albania, Belarus, Georgia, Kyrgyzstan, North Macedonia, Republic of Moldova, and Ukraine, where about 60% of the total energy mix today comes from natural gas and coal.
The study underscores that digital solutions and innovations such as Artificial Intelligence, Internet of Things, Digital Twins, and Virtual Power Plants, offer significant opportunities in managing and integrating distributed, often variable renewable energy-based resources. It also highlights potential to optimize legacy systems and enhance both cybersecurity and grid resilience.
This will require robust policy measures and initiatives to boost investments in advanced, resilient grids. It will also necessitate increased support for innovation and research, strategic planning and massive professional training.
Overcoming challenges
The study identifies key challenges to be addressed in the region’s largely outdated energy systems:
Ageing energy infrastructure, much of which was built during the Soviet era. For example, in Belarus, over 60% of the thermal power plants are over 30 years old, resulting in high maintenance costs; in Georgia, the average age of electricity transmission lines exceeds 30 years, resulting in transmission losses estimated at 12%.
Energy security risks due to dependence on fossil fuel imports. For example, the Republic of Moldova imports approximately 70% of its electricity, primarily from Romania and Ukraine; in Belarus, about 50% of energy needs are met through natural gas imports from the Russian Federation.
Limited financial resources to invest in modernizing energy systems. For instance, Albania has struggled to secure funding for proposed solar and wind projects totalling approximately $300 million; in Belarus only about 5% of the necessary investments have been secured for planned RE installations; financial constraints limit modernization of ageing hydropower infrastructure in Kyrgyzstan.
Lack of skilled workforce. For example, in Georgia, around 30% of energy sector professionals lack formal training in RE technologies.
Climate and health impacts. For instance, Belarus emits approximately 8 million tonnes of CO2 annually from its energy sector alone, with coal-fired plants being significant contributors. North Macedonia’s reliance on coal contributes to air pollution levels among the highest in Europe.
Key strategies identified in the study include:
Cross-border infrastructure projects, such as Trans-Caspian high-voltage direct current lines, are vital for enhancing regional energy trade and digital connectivity;
The report identifies three priority action areas: (1) scaling energy efficiency through retrofitting that embraces digital technologies; (2) promoting hybrid energy models that combine gas with hydrogen; and (3) advancing smart grids, standardization, and regional integration.
Importantly, the study promotes a human-centered approach to digitalization that balances innovation with ethical considerations and prioritizes equity, social considerations, and long-term sustainability for a just transition.
From research to action
The study was showcased during a workshop “Assessing the readiness of the energy sector to implement smart digital energy-efficient technologies in Belarus in view of climate change mitigation” held in Minsk, Belarus, and online on 22 May 2025. The hybrid workshop, organized by UNECE in cooperation with UNDP Belarus and the Department of Energy Efficiency of the State Committee for Standardization of the Republic of Belarus, brought together over 100 participants including government officials, energy sector representatives, and international experts, to explore how smart digital tools can support energy efficiency, clean mobility, and climate action in Belarus.
For more information about UNECE work on Energy Efficiency, please visit: https://unece.org/sustainable-energy/energy-efficiency
Photo credit: Adobe Stock Images by Sergii.
Source: The Holy See
Audience with a delegation of the “National Italian American Foundation”, 04.06.2025
This morning, in the study of the Paul VI Hall, the Holy Father Leo XIV received in audience a delegation of the “National Italian American Foundation”.
The following are the words of greeting addressed to those present by the Holy Father:
Greeting of the Holy Father
In the name of the Father, and of the Son, and of the Holy Spirit. [Amen.]
Peace be with you. [And with your Spirit.]
Welcome to all of you, please be seated.
Again, good morning, I am happy to meet with you. I apologize to have kept you waiting. The Vatican scheduling system puts four audiences all at the same time. That way, unfortunately, you have to wait for me and not vice versa. I will give a brief formal statement, and then will be happy to greet you all individually. Then I have the General Audience in Piazza San Pietro following this meeting.
Dear brothers and sisters,
I am pleased to greet you, the members of the Board of Directors of the National Italian American Foundation as your organization celebrates its fiftieth anniversary. As you well know, tens of millions of Americans proudly claim their Italian heritage, even if their ancestors arrived in the United States of America generations ago. Your work to continue to educate young people regarding Italian culture and history, as well as providing scholarships and other charitable assistance in both countries, helps to maintain a mutually beneficial and concrete connection between the two nations.
A hallmark of many who immigrated to the United States from Italy was their Catholic faith, with its rich traditions of popular piety and devotions that they continued to practice in their new nation. This faith sustained them in difficult moments, even as they arrived with a sense of hope for a prosperous future in their new country. Your visit to the Vatican occurs during the Jubilee Year, which is focused on hope, which “dwells as the desire and expectation of good things to come, despite our not knowing what the future may bring” (Spes Non Confundit, 1). In an age beset by many challenges, may your time here, in a city marked by the tombs of the Apostles Peter and Paul as well as many saints who strengthened the Church throughout difficult periods of history, may this renew your sense of hope and trust in the future. I pray that each of you and your families will always cherish the rich spiritual and cultural legacy that you have inherited from those who have gone before you.
With these sentiments, I gladly impart to you my Apostolic Blessing, which I willingly extend to your families, to all your loved ones. Thank you.
The blessing is written in Latin, but I think we can do it in English.
The Lord be with you. [And with your Spirit.]
May the blessing of Almighty God, the Father, the Son, and the Holy Spirit, come upon you all and remain with you forever. Amen.
Source: United Kingdom UK House of Lords (video statements)
In the Lords, proposed new laws, known as bills, go through several stages of debate. From their introduction in the House and detailed scrutiny by Lords members, to votes and ‘ping pong’ with the House of Commons, follow the journey of a bill as it makes its way through the Lords.
Catch-up on House of Lords business:
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Source: United Kingdom – Executive Government & Departments
The UK’s International Climate Finance (ICF) mobilises billions in public and private funding for clean energy projects in developing countries.
UK Prime Minister Sir Keir Starmer speaks at the Climate Investment Funds roundtable at COP29 in Baku, Azerbaijan. Picture by Simon Dawson, No 10 Downing Street.
Public finance alone is not going to fund the global energy transition. That’s why we need innovative solutions to mobilise private investment to tackle climate change.
The Climate Investment Funds’ Capital Market Mechanism (CCMM) demonstrates how the UK is playing a leading role in mobilising the necessary finance to support developing countries in their efforts to cut carbon emissions, build renewables and adapt to climate change.
Launched by the UK Prime Minister at COP29, the mechanism is designed to unlock billions in climate finance by leveraging future loan repayments from previous investments. It could mobilise up to $75 billion in public and private funding for new clean energy projects in developing countries and reduce global emissions.
Read more about UK International Climate Finance.
Source: United Kingdom – Executive Government & Departments
The UK’s International Climate Finance (ICF) supports mangrove conservation to reduce the impacts of climate change, protect biodiversity and boost livelihoods.
Mangrove monitoring in Madagascar for the Blue Forest Initiative. Source: Leah Glass, Blue Ventures.
Mangrove forests, found in tropical and sub-tropical coastal areas, are a vital home for endangered species such as the white breasted sea eagle and olive ridley turtles. They also support coastal communities that depend on them for their livelihoods.
Crucially, mangroves play a key role in tackling climate change, with the ability to store up to 4 times more carbon than rainforests.
However, mangrove forests have been in severe decline for decades. To address this, the UK government is funding the Blue Forest Initiatives programme, led by the UK non-profit Blue Ventures, to protect, restore and sustainably manage mangrove forests in Madagascar and Indonesia.
The community-led programme is working to prevent deforestation and overfishing while supporting the livelihoods of up to 70,000 people.
With a goal of protecting approximately 80,000 hectares of mangrove forests – an area larger than the size of 100,000 football pitches, the programme is expected to save 1.7 million tonnes of carbon dioxide from being released.
By securing the future of these critical ecosystems, the UK is not only combatting climate change but also safeguarding biodiversity and tackling extreme poverty.
Read more about UK International Climate Finance.
Source: United Kingdom – Government Statements
Letter to NatWest Group plc, after the Competition and Markets Authority found it breached Parts 7, 8 and 9 of the Retail Banking Market Investigation Order 2017.
Part 7 of the Retail Banking Market Investigation Order 2017 (the Order) requires banks to set a Monthly Maximum Charge (MMC) in relation to unarranged overdraft charges. Providers cannot charge customers more than the MMC in any given month. Providers must say what their MMC is each time they mention unarranged overdraft charges in product literature.
Part 8 of the Order requires banks to disclose the representative cost in Equivalent Annual Rate (EAR) terms of their overdrafts and in Annual Percentage Rate (APR) terms for their loans in the way set out in the Order.
Part 9 of the Order requires that banks offer a price and eligibility tool which will enable SMEs to obtain an indicative price quote and indication of their eligibility for unsecured loans and standard tariff unsecured business overdrafts.
NatWest breached the Order by failing to:
either provide the MMC, or to provide the correct MMC to around 104,800 customers in three separate breaches (Part 7). The longest breach lasted from 16 June 2023 to 2 April 2024.
include the Representative EAR in letters to 66,765 SME customers which included an offer to renew an overdraft between May 2021 and February 2024 (Part 8)
continuously offer the price and eligibility tool defined in the Order on four occasions (Part 9). The longest breach was between at least 1 May 2023 until 5 July 2024 and affected around 200 SMEs per month
This letter sets out our concerns and what NatWest did to put things right.
Source: United Kingdom – Government Statements
The UK’s International Climate Finance (ICF) supports AI-based forecasting to boost extreme weather preparedness in Bangladesh.
UK International Climate Finance supports AI-based forecasting to increase extreme weather preparedness in Bangladesh.
Extreme weather events such as storms are getting more frequent and intense all over the world due to a more unstable climate. For many Bangladeshi coastal communities, tidal surges can be devastating for people’s livelihoods.
CLARE (Climate, Adaptation and Resilience), a research programme on climate adaptation and resilience jointly run by the UK and Canada, is piloting an innovative AI-based forecasting system to provide early warnings and help with long-term planning against storms.
When Cyclone Remal hit in 2024, displacing over 120,000 people, the project was able to provide timely information by identifying 30 at-risk embankment points. This allowed local people to effectively mobilise resources in real-time and strengthen embankments to limit damage.
Once completed, the AI model is set to be adopted by government and humanitarian groups across the country.
The project shows how we’re providing value for money by helping communities adapt to the impacts of climate change. Using data from tide stations and drone surveys, the project will aim to provide highly accurate forecasts for tidal surges.
Read more about UK International Climate Finance.
Source: United Kingdom – Government Statements
The UK’s International Climate Finance (ICF) backs sustainable farming and eco-tourism in Zambia to cut emissions and create jobs.
People working on Zambia Integrated Forest Landscapes Project.
Since 2018, the UK has been supporting the Zambia Integrated Forest Landscapes Project (ZIFL Programme) to support rural communities in the Eastern Province of Zambia, one of the poorest regions of Africa.
In June 2024, Zambia signed an ERPA (Emission Reductions Purchase Agreements). This agreement will ensure local people receive payments in exchange for reducing emissions.
With a goal to cut emissions by 30 million tonnes, equivalent to the UK’s annual emissions from livestock farming, the project has already trained over 100,000 farmers in sustainable techniques like crop rotation and agroforestry.
As well as cutting carbon, the project is also working with the Luambe and Lukusuzi National Parks to help build roads and campsites, creating rural jobs through eco-tourism and ensuring the protection of wildlife.
UK International Climate Finance supports the Zambia Integrated Forest Landscapes Project.
People working on Zambia Integrated Forest Landscapes Project.
Read more about UK International Climate Finance.
Source: IMF – News in Russian
June 4, 2025
A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.
The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.
Tbilisi: An International Monetary Fund (IMF) mission led by Mr. Alejandro Hajdenberg conducted discussions for the 2025 Article IV consultation with Georgia from May 21 to June 4, 2025, in Tbilisi. At the end of the visit, Mr. Hajdenberg issued the following statement:
Georgia’s economy has been remarkably resilient despite heightened domestic and geopolitical uncertainty. Growth approached double digits in 2024, is projected at 7.2 percent this year, and is expected to converge to its long-term trend of 5 percent. Inflation has ticked up but remains close to its 3 percent target. Meanwhile, foreign exchange reserves have recovered from last year’s lows and continued fiscal discipline has contributed to a further decline in public debt. However, risks to the outlook are elevated and challenges persist due to still high structural unemployment and income inequality. In this context, the National Bank of Georgia (NBG) should prioritize building additional reserve buffers while monitoring potential financial sector risks. Strengthening NBG’s governance and independence remains central to macroeconomic stability. Fiscal reforms should aim to raise additional revenues to finance development priorities, improve spending efficiency, and contain fiscal risks. Structural reforms should focus on sustaining strong growth and making it more inclusive, including by enhancing labor market opportunities and outcomes.
Recent economic developments, outlook, and risks
Economic activity has remained robust. Real GDP grew by 9.4 percent in 2024 despite domestic political tensions. Growth was driven by consumption, marking a shift from previous years when investment and net exports were the main contributors. Tourism rebounded to pre-Covid levels, while the information and communications technology (ICT) and transport sectors remained key drivers of growth, continuing to benefit from high skilled migrants and transit trade. The unemployment rate continued to decline, albeit remaining structurally high. With strong momentum continuing in the first four months of 2025, growth is projected to moderate slightly to 7.2 percent for this year before converging to its medium-term potential rate of 5 percent.
Inflation has returned to target after undershooting for two years. Headline inflation averaged 1.8 percent over 2023 and 2024 but rose to 3.5 percent year-on-year in May 2025, mainly due to increasing food prices. Core inflation, however, remains subdued, with the NBG keeping the policy rate unchanged at 8 percent since May 2024. Inflation is projected to average 3.4 percent in 2025 and to converge to the NBG’s 3 percent target in 2026 along with easing domestic demand.
The current account deficit narrowed in 2024 to 4.4 percent of GDP, with a similar projection for 2025, but reserve coverage remains below adequate levels. The improvement in 2024 was driven by lower imports, partly reflecting lower oil prices. Foreign direct investment (FDI) declined for the second straight year, in part reflecting the absence of new large greenfield projects. Gross international reserves have fallen from a peak of $5.4 billion in August 2023 to $4.5 billion as of April 2025––equal to 80 percent of the Fund’s Assessment of Reserve Adequacy (ARA) metric. Recent favorable inflows have allowed the NBG to offset the sizeable foreign exchange sales made before the October parliamentary elections.
The fiscal deficit held steady at 2.4 percent of GDP in 2024, despite it being an election year, and is expected to remain unchanged in 2025. Robust tax revenues––supported by strong growth, tax policy measures in the financial and gambling sectors, and improved revenue administration––have helped finance social and capital spending. Amid stronger-than-expected economic activity, the 2025 budget target of 2.5 percent of GDP deficit is well within reach. Public debt, at 36 percent of GDP, has returned to pre-pandemic levels, with an increasing share denominated in local currency. The USD 500 million Eurobond maturing in April 2026 is expected to be rolled over smoothly.
While uncertainty remains exceptionally high, risks to the outlook appear broadly balanced. The direct impact from tariffs imposed by the U.S. is limited as the U.S. accounts for only 2 percent of total exports—mainly ferroalloys, which are exempt. However, the indirect effects of heightened global trade tensions could be more significant. Weaker investor confidence and slower trading partner growth pose negative risks, but Georgia could benefit from lower oil prices and sustained trade diversion through its territory. A resolution of the war in Ukraine could unwind some gains linked to migration and transit trade but increased regional stability and reconstruction in Ukraine could be offsetting positive factors. Persistent domestic political uncertainty and sanctions affecting Georgia could dampen FDI, discourage tourism, and further pressure the lari. Healthy fiscal and financial sector buffers mitigate these risks.
Monetary and exchange policies
The NBG should maintain a broadly neutral policy stance while remaining flexible and data driven to ensure inflation expectations remain anchored. Although wage and employment growth have moderated and business confidence has weakened, heightened global uncertainty warrants caution in considering further policy rate cuts, particularly as the recent increase in domestic food prices may not prove transitory. Should inflationary pressures persist, a tightening of the policy stance may be warranted.
Exchange rate flexibility, opportunistic reserve accumulation, and monetary policy communication should be enhanced. Efforts to rebuild reserve buffers should be sustained while allowing the exchange rate to act as a shock absorber. The NBG should continue to strengthen monetary policy transmission, effectiveness, transparency, and credibility. Communication of monetary policy should be strengthened by clarifying the NBG’s assessment of the balance of risks and how this informs policy decisions.
Strengthening NBG governance and independence remains central to macroeconomic stability. The filling of the board vacancies and the governor position is a welcome first step. Efforts should now focus on amending the NBG law to: (i) ensure a non-executive majority on the NBG’s oversight board, (ii) limit the possibility of discretionary financial transfers to the government, and (iii) clarify and further strengthen [the NBG succession framework and] board member qualification criteria. Moving from a presidential to a collegial decision-making model is also advisable.
Fiscal policy
With public debt at sound levels, maintaining a broadly neutral policy stance over the medium term is appropriate. A fiscal deficit of 2.3–2.5 percent of GDP would help stabilize the debt-to-GDP ratio near its current level. The shift toward domestic debt should proceed carefully, avoiding crowding out the private sector and monitoring borrowing costs and risks linked to a stronger sovereign-bank nexus. While good progress has been made, further tax policy and administration reforms that broaden the tax base and streamline tax expenditures—supported by a stronger medium-term revenue strategy—are needed to secure revenue for spending priorities.
There is considerable scope to enhance spending efficiency and further strengthen public investment management (PIM). Despite elevated levels of public investment, infrastructure quality remains below that of many emerging market peers, highlighting the need for more effective implementation of PIM processes, building on recent years’ improvements. Spending on education and health could be more efficient, to achieve better outcomes at similar expenditure levels. Spending reviews could help in this regard. Social assistance is relatively generous but targeting could be improved to prioritize the most vulnerable households.
Sustained efforts are needed to manage fiscal risks and increase fiscal transparency. The authorities have taken significant steps in enhancing the Ministry of Finance’s financial oversight of state-owned enterprises (SOEs), and maintaining this momentum will be important. Efforts should focus on legislation that would separate the state’s shareholder, regulatory, and policy functions beyond the energy sector, where implementation has recently taken place, and strengthen the corporate governance of SOEs. The authorities should address gaps in the coverage of fiscal reporting, particularly from non-market SOEs with significant fiscal risks.
Financial sector
Continued vigilance and reforms will help address long-standing and emerging financial sector risks. The banking system remains well capitalized and profitable, and the implementation of the IMF’s 2021 Financial Sector Assessment Program (FSAP) recommendations is nearly complete. Key priorities going forward include enhancing the consolidated supervision of financial groups—particularly non-bank subsidiaries and cross-border activities, operationalizing a fully-fledged bank resolution framework, and improving competition in financial services. The NBG continues to implement its long-term dedollarization policy to support financial stability, and recently raised the FX loan threshold for unhedged borrowers further to GEL 750,000. Nevertheless, the share of unhedged foreign currency bank loans is still high, and the deposit dedollarization trend was interrupted amid heightened political uncertainty. Banks—especially smaller ones—have faced lari funding pressures, and the cost of funding has risen, potentially weighing on profitability. Consumer loans have grown rapidly, while riskier nonbank financing—including foreign currency bond issuances by real estate developers—has increased considerably. Neither risk is assessed to be systemic at this stage, but continued close monitoring is warranted.
Structural reforms
Structural reforms are needed to sustain high growth and make it more inclusive and job rich. Potential growth remains constrained by structurally high long-term and youth unemployment, low educational attainment, infrastructure bottlenecks in the transport and logistics sectors, and low sectoral productivity, especially in agriculture. An aging population, outward migration, and informality pose challenges for the labor market, along with persistent income inequality. Better targeting of agricultural support, improving teacher quality, and expanding vocational training would help raise rural labor force participation and facilitate the integration of workers into the formal economy. Remittances and return migration could be better leveraged to boost productive investments and knowledge transfers from returning migrants. Continued investment in transport and logistics infrastructure, as well as coordination with regional partners to harmonize fees and procedures, are important to support long-term competitiveness. Finally, the authorities should enhance judicial independence and strengthen the autonomy of the Anti-Corruption Bureau to improve the business environment.
The mission team would like to thank the Georgian authorities and other counterparts for their close collaboration, candid and informative discussions, and warm hospitality.
Table 1. Georgia: Selected Economic and Financial Indicators, 2024–28
|
|
2024 |
2025 |
2026 |
2027 |
2028 |
|
|
Actual Projections |
||||
|
National accounts and prices |
(annual percentage change; unless otherwise indicated) |
||||
|
Real GDP |
9.4 |
7.2 |
5.3 |
5.0 |
5.0 |
|
Nominal GDP (in billions of laris) |
91.9 |
102.5 |
111.7 |
121.5 |
131.9 |
|
Nominal GDP (in billions of U.S. dollars) |
33.8 |
36.7 |
39.2 |
41.4 |
43.6 |
|
GDP per capita (in thousands of U.S. dollars) |
9.1 |
9.9 |
10.6 |
11.2 |
11.8 |
|
GDP deflator, period average |
3.8 |
4.1 |
3.5 |
3.5 |
3.5 |
|
CPI, period average |
1.1 |
3.4 |
3.1 |
3.0 |
3.0 |
|
CPI, end-of-period |
1.9 |
3.6 |
3.0 |
3.0 |
3.0 |
|
Consolidated government operations |
(in percent of GDP) |
||||
|
Revenue and grants |
28.0 |
27.7 |
27.8 |
27.7 |
27.6 |
|
o.w. Tax revenue |
25.3 |
25.0 |
25.6 |
25.6 |
25.6 |
|
Total Expenditure |
30.3 |
30.0 |
30.1 |
29.9 |
29.8 |
|
Current expenditures |
22.5 |
22.6 |
22.5 |
22.5 |
22.5 |
|
Net acquisition of nonfinancial assets |
7.7 |
7.4 |
7.5 |
7.5 |
7.3 |
|
Net lending/borrowing (GFSM 2001) |
-2.3 |
-2.3 |
-2.3 |
-2.3 |
-2.2 |
|
Augmented net lending/borrowing 1/ |
-2.4 |
-2.4 |
-2.4 |
-2.4 |
-2.3 |
|
Public debt |
36.1 |
34.7 |
34.1 |
34.3 |
34.5 |
|
o.w. Foreign-currency denominated |
25.2 |
23.1 |
22.0 |
21.7 |
20.9 |
|
Money and credit |
(annual percentage change; unless otherwise indicated) |
||||
|
Credit to the private sector |
18.5 |
13.7 |
9.0 |
8.7 |
8.6 |
|
In constant exchange rate |
17.0 |
15.5 |
8.5 |
7.4 |
7.3 |
|
Broad money |
14.5 |
13.3 |
11.5 |
11.3 |
11.2 |
|
Excluding FX deposits |
10.4 |
13.7 |
11.9 |
11.7 |
11.6 |
|
Deposit dollarization (in percent of total) |
52.7 |
52.1 |
51.9 |
51.7 |
51.4 |
|
Credit dollarization (in percent of total) |
42.9 |
42.5 |
42.1 |
41.7 |
41.3 |
|
Credit to GDP (in percent) 2/ |
66.0 |
67.4 |
67.4 |
67.4 |
67.4 |
|
External sector |
(in percent of GDP; unless otherwise indicated) |
||||
|
Current account balance (in billions of US$) |
-1.5 |
-1.6 |
-1.8 |
-2.0 |
-2.1 |
|
Current account balance |
-4.4 |
-4.4 |
-4.6 |
-4.8 |
-4.8 |
|
Trade balance |
-19.2 |
-18.9 |
-19.1 |
-19.2 |
-19.3 |
|
Terms of trade (percent change) |
-2.8 |
-0.2 |
0.1 |
-0.3 |
0.5 |
|
Gross international reserves (in billions of US$) |
4.4 |
4.7 |
4.9 |
5.5 |
6.2 |
|
In percent of IMF ARA metric 3/ |
79.6 |
81.1 |
82.4 |
88.0 |
95.5 |
|
In months of next year’s imports |
2.7 |
2.6 |
2.6 |
2.7 |
2.9 |
|
Gross external debt |
66.8 |
62.4 |
58.5 |
55.9 |
53.0 |
|
Sources: Georgian authorities; and Fund staff estimates. |
|||||
|
1/ Augmented Net lending / borrowing = Net lending / borrowing – Budget lending. |
|||||
|
2/ Banking sector credit to the private sector. |
|||||
|
3/ IMF’s adequacy metric for assessing reserves in emerging markets. |
|||||
PRESS OFFICER: Mayada Ghazala
Phone: +1 202 623-7100Email: MEDIA@IMF.org
https://www.imf.org/en/News/Articles/2025/06/04/06042025-mcs-georgia-staff-concluding-statement-of-the-2025-article-iv-mission
Source: Government of India
Source: Government of India (4)
India won the Presidency of the International Institute of Administrative Sciences (IIAS) on Tuesday, 3 June 2025. The International Institute of Administrative Sciences, a notable global institution, is a federation of 31 member countries, 20 national sections, and 15 academic research centres jointly collaborating on scientific research in public administration.
Prime Minister Narendra Modi had nominated the Indian candidate, Secretary DARPG (Department of Administrative Reforms and Public Grievances), Shri V. Srinivas, for the 2025-2028 Presidency of IIAS in November 2024. Following Presidency hearings in February 2025, the candidacies of India, South Africa, and Austria were forwarded to the IIAS General Body. Subsequently, South Africa withdrew its candidacy in favour of India in May 2025.
The election between India and Austria was held on 3 June 2025, in which 141 votes were polled. India secured 87 votes (61.7 per cent of the vote), while Austria received 54 votes (38.3 per cent of the vote). India’s candidacy received widespread support from across the membership.
This election marks two significant firsts in the 100-year history of IIAS: it was the first time the President was elected by a ballot process, and it is the first time India has secured this historic mandate.
The Indian Presidency of the institution will seek to bridge the North-South Divide with a focus on unity and inclusivity. It will also take forward Prime Minister Modi’s vision for “Maximum Governance – Minimum Government,” documenting next-generation administrative reforms with a focus on the digital empowerment of citizens and the digital transformation of institutions.
India has been a member of IIAS since 1998. Other key members of IIAS include Japan, China, Germany, Italy, Korea, Saudi Arabia, South Africa, Switzerland, Mexico, Spain, Qatar, Morocco, and Indonesia.
While the IIAS is not a formally affiliated body of the United Nations, it actively engages with the UN’s work in public administration through the UN’s Committee of Experts on Public Administration (CEPA) and the UN Public Administration Network (UNPAN).
Source: Government of India
Source: Government of India (4)
The U.S.-backed Gaza Humanitarian Foundation will not give out any aid on Wednesday as it presses Israel to boost civilian safety beyond the perimeter of its distribution sites, a day after dozens of Palestinians seeking aid were killed.
The GHF said it has asked the Israeli military to “guide foot traffic in a way that minimizes confusion or escalation risks” near military perimeters; develop clearer guidance for civilians; and enhance training to support civilian safety.
“Our top priority remains ensuring the safety and dignity of civilians receiving aid,” said a GHF spokesperson. An Israeli military spokesperson warned civilians against moving in areas leading to GHF sites on Wednesday, deeming them “combat zones”.
The Israeli military said on Tuesday that it opened fire on a group of people it viewed as a threat near a GHF food aid distribution site. The International Committee of the Red Cross said at least 27 people were killed and dozens injured. The GHF said the incident was “well beyond” its site.
Palestinians who collected food GHF boxes on Tuesday described scenes of pandemonium, with no-one overseeing the handover of supplies or checking IDs, as crowds jostled for aid.
The U.N. Security Council is also set to vote on Wednesday on a demand for a ceasefire between Israel and Palestinian militants Hamas and humanitarian access across Gaza, where aid has trickled amid chaos and bloodshed after Israel lifted an 11-week blockade on the enclave where famine looms.
“It is unacceptable. Civilians are risking – and in several instances losing – their lives just trying to get food,” U.N. spokesperson Stephane Dujarric said on Tuesday, adding that the aid distribution model backed by the U.S. and Israel was “all a recipe for disaster, which is exactly what is going on.”
That model is run by the newly created GHF, which started operations in the enclave a week ago and said on Tuesday that it has given out more than seven million meals from three so-called secure distribution sites. GHF Interim Executive Director John Acree urged humanitarians in Gaza: “Work with us and we will get your aid delivered to those who are depending on it.”
U.S. VETO?
The U.N. and other aid groups have refused to work with the GHF because they say it is not neutral and the distribution model militarizes aid. GHF uses private U.S. security and logistics companies to get aid to the distribution sites.
It is the latest in a string of efforts to get more aid into the enclave, where experts say the entire population of some 2.1 million people is at risk of famine. Jordan last year spearheaded humanitarian air drops, while the U.S. briefly installed a floating aid pier, but it was beset by challenges.
The U.N. has long-blamed Israel and lawlessness in the enclave for hindering the delivery of aid into Gaza and its distribution throughout the war zone. Israel accuses Hamas of stealing aid, which the group denies.
Israel said on Tuesday that three of its soldiers had been killed in fighting in northern Gaza. Gaza health officials said at least 18 more Palestinians were killed in other military strikes in the territory on Tuesday. Reuters could not independently verify the reports in northern and southern Gaza.
The 10 elected members of the U.N. Security Council have asked for the 15-member body to vote on Wednesday on a draft resolution that demands “an immediate, unconditional and permanent ceasefire in Gaza respected by all parties.”
The draft text, seen by Reuters, also demands the release of all hostages held by Hamas and others, and the immediate lifting of all restrictions on the entry of aid and its safe and unhindered distribution, including by the U.N., throughout Gaza.
“The time to act has already passed,” Slovenia’s U.N. Ambassador Samuel Zbogar told Reuters. “It is our historical responsibility not to remain silent.”
As U.S. President Donald Trump’s administration tries to broker a ceasefire in Gaza, it was not immediately clear if Washington would veto the draft text. A spokesperson for the U.S. mission to the U.N. said: “We cannot preview our actions currently under consideration.”
A resolution needs nine votes in favor and no vetoes by the permanent members – the United States, Russia, China, Britain or France – to pass.
The war in Gaza has raged since 2023 after Hamas militants killed 1,200 people in Israel in an October 7 attack and took some 250 hostages back to the enclave, according to Israeli tallies.
Israel responded with a military campaign that has killed over 54,000 Palestinians, according to Gaza health authorities, which do not distinguish between fighters and non-combatants.
(Reuters)