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Category: Europe

  • MIL-OSI United Kingdom: The UK calls on Israel to lift its block on aid: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Speech

    The UK calls on Israel to lift its block on aid: UK statement at the UN Security Council

    Statement by Ambassador Barbara Woodward, UK Permanent Representative to the UN, at the UN Security Council meeting on the humanitarian situation in Gaza.

    The UK called this meeting alongside Denmark, France, Greece and Slovenia in response to the alarming warnings that the humanitarian situation in Gaza is worse than it has ever been.

    So we are calling for three urgent things.

    First, the UK calls on Israel to lift its block on aid.

    The World Food Programme warned us over a week ago that they have no food left. 

    And IPC data released yesterday shows that the whole of Gaza is at the risk of famine. 

    Meanwhile, tonnes of food are currently sitting rotting at the border, blocked from reaching people who are starving. 

    This is cruel and it is inexcusable. 

    And it risks further deaths that should be avoidable. 

    Second, the UK will not support any aid mechanism that seeks to deliver political or military objectives or puts vulnerable civilians at risk. 

    We call on Israel to urgently engage with the UN to ensure a return to delivery of aid in line with humanitarian principles. 

    International law requires Israel to allow the rapid and unimpeded provision of humanitarian aid to all civilians.

    Third, the UK reiterates our outrage at the killing of Palestinian Red Crescent workers and the strikes on a UNOPS compound in March. 

    We are disappointed that Israel has not yet released the final findings of its investigation into the UNOPS incident or taken concrete action to ensure these incidents can never happen again.

    President, the release of Edan Alexander yesterday after 17 months of cruel Hamas captivity offers a rare moment of hope. 

    We must never forget the suffering of those hostages that remain in Gaza and those families awaiting the return of their loved ones’ remains.

    It is ceasefire deals that have delivered the release of over 180 hostages and allowed a massive scale-up of aid for desperate Palestinians. 

    This shows what is possible with political will. 

    This is why we strongly oppose an expansion of this conflict, as do many hostages’ families.

    And it is a ceasefire deal that now offers the best hope of ending the agony of the hostages and their families, alleviating the suffering of civilians in Gaza, ending Hamas’ control of Gaza and achieving a pathway to a two-state solution.

    Updates to this page

    Published 13 May 2025

    MIL OSI United Kingdom –

    May 14, 2025
  • MIL-OSI Russia: Financial news: 05/13/2025, 11-14 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A102DB2 (GPB001P18P) were changed.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    05/13/2025

    11:14

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 13.05.2025, 11-14 (Moscow time), the values of the upper limit of the price corridor (up to 108.77) and the range of market risk assessment (up to 1254.5 rubles, equivalent to a rate of 11.25%) of the RU000A102DB2 (GPB001P18P) security were changed.

    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: //VVV. MEEX.K.M.M.

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Financial news: 05/13/2025, 11:39 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A10A6B8 (RusGid2P02) were changed.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    05/13/2025

    11:39

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 13.05.2025, 11-39 (Moscow time), the values of the upper limit of the price corridor (up to 121.94) and the range of market risk assessment (up to 1275.32 rubles, equivalent to a rate of 10.0%) of the security RU000A10A6B8 (RusGid2P02) were changed.

    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: //VVV. MEEX.K.M.M.

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Financial news: 05/13/2025, 12-12 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0ZZ7G1 (KAMAZ BO-7) were changed.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    05/13/2025

    12:12

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 13.05.2025, 12-12 (Moscow time), the values of the upper limit of the price corridor (up to 107.59) and the range of market risk assessment (up to 1257.83 rubles, equivalent to a rate of 13.75%) of the RU000A0ZZ7G1 (KAMAZ BO-7) security were changed.

    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: //VVV. MOEX.K.M.M.

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Marat Khusnullin: By 2030, more than 50 thousand km of utility networks will be updated under the national project “Infrastructure for Life”

    Translation. Region: Russian Federal

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

    Work on modernizing housing and communal services systems and facilities is intensifying in the regions. Since this year, it has been carried out within the framework of the federal project “Modernization of communal infrastructure” as part of the national project “Infrastructure for life”. By 2030, the country plans to replace at least 2.5% of communal networks annually, Deputy Prime Minister Marat Khusnullin reported.

    “Modernization of public utility infrastructure is one of the key components of the comprehensive development of populated areas and improving the quality of life of Russians. To achieve the indicators of the national project “Infrastructure for Life”, it is necessary to significantly update the infrastructure and modernize the capacity of utility networks. This large-scale work is aimed at solving existing problems in the housing and utilities sector. At the same time, it is important to ensure systemic planning, the basis for which should be comprehensive plans for the modernization of regional housing and utilities systems. In general, from 2025 to 2030, it is necessary to build and modernize more than 50 thousand km of utility networks, at least 2 thousand drinking water supply and water treatment facilities. This will improve the quality of utilities for 20 million Russians. By 2030, it is planned to replace at least 2.5% of the networks annually, by 2035 this figure should be at least 5%,” said Marat Khusnullin.

    In total, 4.5 trillion rubles must be allocated for the modernization of the housing and utilities sector, with a larger volume of funds to be provided from extra-budgetary sources. Such instruments as infrastructure bonds, treasury infrastructure loans, writing off two-thirds of the regions’ debt on budget loans, subsidies from the federal budget and regional budget funds, as well as tariff sources of resource supplying organizations are involved in the financing.

    The Deputy Prime Minister added that in 2019–2024, more than 12,000 km of utility networks and 5,500 housing and utilities infrastructure facilities were built and modernized in the country’s regions. The Territorial Development Fund is the operator of a number of federal programs supervised by the Ministry of Construction.

    “In particular, these are programs involving infrastructure budget and special treasury loans, as well as concessional loans from the National Welfare Fund. Under the IBC program, more than 270 housing and communal services facilities and events have been completed since 2022, including over 1,000 km of utility networks. Within the framework of the SKK program launched in 2023 as a continuation of this regional development instrument, 120 facilities and events have been completed, including over 320 km of utility networks. Thanks to concessional loans from the NWF, since the launch of this program in 2022, about 1.1 thousand facilities have been commissioned, including over 1.3 thousand km of utility networks. These utilities infrastructure modernization tools have proven to be in demand by the regions, and their implementation continues,” said Ilshat Shagiakhmetov, General Director of the Territorial Development Fund.

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

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Financial news: More than 5.7 thousand Russian companies concluded transactions on the money market in April 2025

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    Russian businesses actively use the exchange infrastructure to place and attract funds on market terms with the most flexible parameters and a wide range of counterparties. The number of Russian commercial organizations that concluded transactions on the money market in April 2025 was a record and amounted to 5.7 thousand (16% since the beginning of 2025).

    The average daily open position of Russian companies in money market instruments in April 2025 increased to 1.8 trillion rubles, which is twice as high as the average daily figure in 2024.

    The volume of transactions of Russian companies with direct access to the deposit market with a central counterparty (CCP) amounted to 10.4 trillion rubles at the end of April, which is almost three times higher than the average monthly volume of their transactions in 2024.

    The volume of transactions by corporate clients using brokerage access to the Moscow Exchange repo market reached 17.6 trillion rubles in April, which is twice their average monthly volume in 2024.

    Almost 300 companies, including almost two dozen new ones entering the market in 2025, today have direct access to the deposit market with the Central Bank. 230 companies use it to conclude transactions in the deposit market with the Central Bank. MOEX Treasury web interfaceOperations in the deposit market are carried out by corporations, banks, insurance companies, management companies, pension funds, etc.

    Deposits with the Central Credit Union (CCU) are a segment of the Moscow Exchange money market that provides the opportunity to place funds on market terms without the need to set limits on individual counterparties using the exchange and settlement infrastructure of the Moscow Exchange Group. The term of the deposit is from one day to one year, the deposit currency is the Russian ruble and the Chinese yuan. Applications for the placement of funds in deposits with the CCU are matched with repo applications with clearing participation certificates (CPC) from professional participants in the securities market on the Moscow Exchange money market, which ultimately contributes to the influx of additional liquidity into the Russian exchange market.

    Operations on the repo market with the help of brokerage access allow Russian companies to use the most liquid market of the Russian Federation to place and attract funds secured by securities from the widest range of counterparties for a period from one day to one year.

    The Moscow Exchange Money Market is one of the most important segments of the Russian financial market, with the help of which both large corporations and small companies and individual investors manage their monetary liquidity. The list of money market instruments includes repo with the Central Credit Union, repo with the Central Credit Union, repo with the Bank of Russia, interdealer repo, deposits with the Central Credit Union, loans, as well as deposit and loan auctions. The Moscow Exchange acts as the organizer of trades, clearing and settlements are carried out by the National Clearing Center (NCC, part of the Moscow Exchange Group).

    Contact information for media 7 (495) 363-3232Pr@moex.kom

    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: //VVV. MOEX.K.M.M.

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Financial news: 05/13/2025, 14-10 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JVXS5 (RESOLizB04) were changed.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    05/13/2025

    14:10

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 13.05.2025, 14-10 (Moscow time), the values of the upper limit of the price corridor (up to 122.45) and the range of market risk assessment (up to 1382.93 rubles, equivalent to a rate of 37.5%) of the RU000A0JVXS5 (RESOLizB04) security were changed.

    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: //VVV. MOEX.K.MO/N90187

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Financial news: 05/13/2025, 14-36 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A1008P1 (Rosnft2P6) were changed.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    05/13/2025

    14:36

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 13.05.2025, 14-36 (Moscow time), the values of the upper limit of the price corridor (up to 89.01) and the range of market risk assessment (up to 938.91 rubles, equivalent to a rate of 13.5%) of the security RU000A1008P1 (Rosnft2P6) were changed.

    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: //VVV. MEEX.K.M.M.

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Dmitry Chernyshenko: The main stage of the Unified State Exam will begin on May 23 in all 89 regions of Russia and 55 foreign countries

    Translation. Region: Russian Federal

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

    A meeting was held under the chairmanship of Deputy Prime Minister Dmitry Chernyshenko on the issue of readiness to conduct the state final certification (SFC) for basic general and secondary general education programs in 2025.

    Its participants discussed the readiness of the subjects of the Russian Federation, including border territories and reunited regions, to conduct the Unified State Exam, Basic State Exam, and State Final Exam.

    Dmitry Chernyshenko noted that, on the instructions of President Vladimir Putin, changes were made to the federal basic general education programs. They will come into force on September 1, 2025. The main and unified state exams are synchronized with the programs.

    “Based on many years of accumulated experience, we see that competent organization of the exam at the local level is an important condition for good results. Over the past two years, according to the results of monitoring, Novosibirsk, Belgorod, Tambov and Leningrad regions, the Altai Republic, the Yamalo-Nenets Autonomous Okrug, the Republic of Tatarstan, the federal cities of Sevastopol and Moscow have demonstrated a stable exemplary level of conducting the examination campaign. The heads of the regions must take personal control of key issues related to the conduct of the state final certification,” the Deputy Prime Minister said.

    At the request of the Belgorod Region, in connection with the current situation, two additional days for exams were added to the Unified State Exam schedule: in mathematics – May 26, in Russian language – May 29. Graduates from the DPR, LPR, Kherson and Zaporizhia regions, individual schools in border regions, as well as children who moved from these regions, can take the final assessment in the form of an interim assessment.

    “We believe that the early period of the Unified State Exam was held in the normal mode. On May 23, the main stage of the Unified State Exam will begin in all 89 regions of Russia and 55 foreign countries. Traditionally, the exam procedure itself requires special control. For this purpose, over 300 thousand specialized specialists, more than 6 thousand medical workers and about 40 thousand public observers will be involved in the examination centers. Since 2024, on the instructions of President Vladimir Putin, graduates have the right to retake the Unified State Exam in one subject. This year, such retakes will take place on July 3 and 4,” said Dmitry Chernyshenko.

    All results of the State Final Attestation are necessarily entered into the federal information system.

    In conclusion, the Deputy Prime Minister paid special attention to the need to establish prompt interdepartmental cooperation with education authorities, the Ministry of Internal Affairs, the Ministry of Health, the Ministry of Energy, the Russian National Guard and the media for the smooth conduct of examination and admissions campaigns.

    “Our system is generally ready to conduct both the Unified State Exam and the Main State Exam. The main period of the OGE starts on May 21, and the main period of the USE starts on May 23. It is important that the order of the President of Russia on synchronizing programs and exam assignments has been fulfilled, they do not go beyond the educational program, and calendar-thematic planning has been included in the programs,” said Minister of Education Sergey Kravtsov.

    The head of the Ministry of Education noted that in 2025, an experiment to expand the availability of secondary vocational education will be conducted in Moscow, St. Petersburg and the Lipetsk region. By the end of May, the ministry will develop regulations for taking into account the results of control procedures (USE, OGE, VPR, diagnostic work) in the educational process. In June, the document will be sent to the subjects.

    The Minister of Education added that the share of those choosing the Unified State Exam in mathematical and natural science subjects will be 35% by 2030, with the planned figure for 2025 being 32%.

    Head of Rosobrnadzor Anzor Muzaev said that this year over 712 thousand people have registered to participate in the Unified State Exam, of which over 637 thousand are this year’s graduates. He focused the special attention of regional executive authorities on monitoring the technical readiness of all examination points, the readiness of the organizers, as well as ensuring the safety of all exam participants and those involved in their conduct.

    The head of Rosobrnadzor separately focused on this year’s changes. “This year, work was carried out to synchronize control measurement materials with federal state educational standards and federal educational programs. This is the President’s order, and it has been fulfilled,” said Anzor Muzaev.

    Rosobrnadzor also took into account a number of comments from members of the public and the deputy corps regarding the procedure for conducting the Unified State Exam. “We held a broad discussion and implemented these proposals in 2025. Rosobrnadzor’s methodological recommendations include detailed instructions for persons involved in admitting exam participants to exam points, as well as instructions for setting up stationary and portable metal detectors. We proposed actively involving parents of students, including representatives of parent committees, to monitor compliance with the rights of graduates during their admission and presence at exam points,” said Anzor Muzaev.

    Another innovation of the 2025 examination campaign is the ability to promptly report information about any violations in the Unified State Exam directly to Rosobrnadzor via the feedback platform on the public services portal. Each examination point has posters with a QR code, which can be used to send this information directly to a Rosobrnadzor employee so that any problems that arise are resolved as quickly as possible.

    Representatives of the Ministry of Health, the Ministry of Emergency Situations, the Ministry of Internal Affairs, the Russian National Guard and all regions of Russia also took part in the meeting. Representatives of border regions separately reported on their readiness to conduct the state final certification: Deputy Governor of the Belgorod Region – Minister of Education of the Belgorod Region Andrey Milekhin, Acting Deputy Chairman of the Government of the Kursk Region Oksana Krutko, Acting Deputy Governor of the Bryansk Region Denis Amelichev.

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

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI: authID Reports Financial and Operating Results for the First Quarter Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    DENVER, May 13, 2025 (GLOBE NEWSWIRE) — authID® (Nasdaq: AUID) (“authID” or the “Company”), a leading provider of biometric identity verification and authentication solutions, today reported financial and operating results for the first quarter ended March 31, 2025.

    First Quarter 2025 vs. First Quarter 2024 Financial Summary

    • Total revenue for the quarter increased to $0.30 million, compared to $0.16 million a year ago.
    • Operating expenses were $4.7 million, compared to $3.3 million a year ago.
    • Net loss was $4.3 million, or $0.40 per share, compared to a loss of $3.1 million, or $0.32 per share a year ago.
    • Adjusted EBITDA Loss of $3.9 million (non-GAAP measure as defined below), compared with $2.4 million a year ago.
    • Gross bARR (Booked Annual Recurring Revenue) of $0.01 million (non-GAAP measure as defined below), compared with $0.10 million a year ago.

    “I’m incredibly excited about authID’s growth prospects in 2025 and beyond,” said Rhon Daguro, authID’s Chief Executive Officer. “We have solidified our foundation to become a leader in the evolving and fast-growing biometric authentication market while making progress on our ambitious 2025 goals. We are continuing to advance our conversations with key enterprise and platform partner prospects in order to achieve our bookings targets and are intensifying our focus on the large enterprise and large channel OEM segments as we move through the second quarter.

    “We recently secured nearly $9 million in capital through two financing rounds to improve our balance sheet, broaden our investor base and provide us with additional expertise and support as we scale our business and invest in new opportunities. Through these efforts we have also created an advisory board comprised of two new expert advisors, Eric Swider and Donald Nitti. Both leaders have extensive experience in different industry and government sectors where authID’s biometric identity solutions can address critical needs.

    “As we move through the year, we continue to expect to close multiple Fortune 500 and multi-national customers in 2025, and we are currently in the late stages of our sales cycle with these potential customers. I’m pleased with our momentum to date and remain confident that we will sign new customers and drive significant growth towards our $18 million bookings target for 2025.”

    Recent Business and Operational Highlights

    • Secured nearly $9 million dollars after expenses from existing and new shareholders through two registered direct offerings, while also creating an advisory board comprised of two new expert advisors, Eric Swider and Donald Nitti.
    • Signed a paid live production trial agreement with a Global Fortune 500 prospect to deliver authID’s solution in a controlled rollout. Upon completion, authID expects to secure a longer-term agreement.
    • Advanced to final stages with a Global Fortune 500 biometric hardware provider to embed authID into a solution offering reusable, interoperable identity credentials for employee workforces.
    • Confirmed as the selected vendor by one of the largest identity fraud platforms and are in the final stages of contract negotiations.
    • Launched efforts into the Public Sector by providing a reuseable identity platform for removing the barriers between siloed systems for government workforces.
    • Began integration with a blockchain-based data privacy and security platform to validate identity of data owners through privacy preserving biometrics which bring authID’s technology into smart cities in South America and India to start.
    • Identified new opportunities in the Indian banking sector with our Indian partner to protect high value transactions and account access with authID’s PrivacyKey technology
    • Successfully delivered a proof of concept and entered into contract negotiations with a Fortune 500 prospect to deliver identity verification and biometric solutions.
    • Named “Best ID Management Platform” Award in 2025 FinTech Breakthrough Awards for the third time. authID was recognized for its groundbreaking biometric identity verification technology, which has set a new standard for precision, speed, and data privacy in the fintech industry, as well as the verification landscape at large.

    Financial Results for the First Quarter Ended March 31, 2025

    Total revenue for the three months ended March 31, 2025 was $0.30 million, compared with $0.16 million a year ago.

    Operating expenses for the three months ended March 31, 2025, were $4.7 million, compared to $3.3 million a year ago. The 2025 increase is primarily due to increased headcount investment in sales and R&D.

    Net loss for the three months ended March 31, 2025 was $4.3 million, of which non-cash charges were $0.5 million, compared with a net loss of $3.1 million a year ago, of which non-cash charges were $0.8 million

    Loss per share for the three months ended March 31, 2025 was $0.40, compared with $0.32 a year ago.

    Adjusted EBITDA loss was $3.9 million for the three months ended March 31, 2024, compared with $2.4 million a year ago. The increase in Adjusted EBITDA loss is primarily driven by the increase in headcount investment in sales and R&D. Please refer to Table 1 for reconciliation of net loss to Adjusted EBITDA (a non-GAAP measure).

    Remaining Performance Obligation (RPO) as of March 31, 2025, was $13.85 million, of which $1.01 million is held as deferred revenue and $12.84 million is related to other non-cancellable contracted amounts, compared to RPO of $4.03 million as of March 31, 2024. The Company expects to recognize the full RPO of $13.85 million over the entire life of the contracts, which are typically signed with a 3-year term.

    The gross amount of Booked Annual Recurring Revenue or bARR, (a non-GAAP measure, as defined below), signed in the first quarter of 2025 was $0.01 million, down from $0.10 million of gross bARR a year ago. The net amount of bARR was negative $0.13 million compared to $0.10 million of net bARR signed in the comparable period in 2024. The Q1 bARR is comprised of $0 million in Committed Annual Recurring Revenue (cARR) and $0.01 million in estimated Usage Above Commitments (UAC).

    The net amount of bARR reflects the deduction of the bARR of contracts previously included in reported bARR, due to certain customers experiencing delays in Production Go-Live timing and volume ramping. See below for further definition and explanation of ARR and bARR, non-GAAP measures.

    Conference Call

    A conference call and webcast will be held today at 5.00 p.m. EDT, hosted by authID Chief Executive Officer, Rhon Daguro and Chief Financial Officer, Ed Sellitto to discuss the financial results and provide a corporate update. To participate on the live conference call, please access this registration link and you will be provided with dial-in details. To avoid delays, participants are encouraged to dial into the conference call 15 minutes ahead of the scheduled start time. A live webcast of the call will be available at webcast registration and on the “Events & Presentations” page of the Company’s website at investors.authid.ai. Only participants on the live conference call will be able to ask questions.

    A replay of the event and a copy of the presentation will also be available for 90 days at authID’s Investor Relations site.

    About authID Inc.

    authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform. authID powers biometric identity proofing in 700ms, biometric authentication in 25ms, and account recovery with a fast, accurate, user-friendly experience. With our ground-breaking PrivacyKey Solution, authID provides a 1-to-1-billion false match rate, while storing no biometric data. authID stops fraud at onboarding, blocks deepfakes, prevents account takeover, and eliminates password risks and costs, through the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem.

    For further information please visit authid.ai

    Investor Relations Contacts
    authID Investor Relations
    investor-relations@authID.ai

    Media Contacts
    Walter Fowler
    1-631-334-3864
    wfowler@nexttechcomms.com

    Forward-Looking Statements

    This Press Release includes “forward-looking statements.” All statements other than statements of historical facts included herein, including, without limitation, those regarding the future results of operations, growth and sales, potential contract signings, booked Annual Recurring Revenue (bARR) (and its components cARR and UAC), Annual Recurring Revenue (ARR), cash flow, cash position and financial position, business strategy, plans and objectives of management for future operations of both authID Inc. and its business partners, are forward-looking statements. Such forward-looking statements are based on a number of assumptions regarding authID’s present and future business strategies, and the environment in which authID expects to operate in the future, which assumptions may or may not be fulfilled in practice. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors, including the Company’s ability to attract and retain customers; successful implementation of the services to be provided under new customer contracts and their adoption by customers’ users; the Company’s ability to compete effectively; changes in laws, regulations and practices; the increase in international tariffs and uncertainty over international trading conditions, changes in domestic and international economic and political conditions, the impact of the wars in Ukraine and the Middle East, inflationary pressures, changes in interest rates, and others. See the Company’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2024 filed at www.sec.gov and other documents filed with the SEC for other risk factors which investors should consider. These forward-looking statements speak only as to the date of this release and cannot be relied upon as a guide to future performance. authID expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release to reflect any changes in its expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based.

    Non-GAAP Financial Information

    The Company provides certain non-GAAP financial measures in this statement. These non-GAAP key business indicators, which include Adjusted EBITDA, bARR and ARR should not be considered replacements for and should be read in conjunction with the GAAP financial measures.

    Management believes that Adjusted EBITDA, when viewed with our results under GAAP and the accompanying reconciliations, provides useful information about our period-over-period results. Adjusted EBITDA is presented because management believes it provides additional information with respect to the performance of our fundamental business activities and is also frequently used by securities analysts, investors, and other interested parties in the evaluation of comparable companies. We also rely on Adjusted EBITDA as a primary measure to review and assess the operating performance of our company and our management.

    Adjusted EBITDA is a non-GAAP financial measure that represents GAAP net loss adjusted to exclude (1) interest expense and debt discount and debt issuance costs amortization expense, (2) interest income, (3) depreciation and amortization, (4) stock-based compensation expense (stock options) and certain other items management believes affect the comparability of operating results.

    Please see Table 1 below for a reconciliation of Adjusted EBITDA – continuing operations to net loss – continuing operations, the most directly comparable financial measure calculated and presented in accordance with GAAP.

     
     TABLE 1
    Reconciliation of Loss from Continuing Operations to Adjusted EBITDA Continuing Operations.
     
      Three Months Ended
    March 31,
      2025   2024
    Loss from continuing operations $ (4,339,467 )   $ (3,057,577 )
                   
    Addback:              
                   
    Interest expense, net   12,712       13,138  
    Other income   (51,544 )     (108,920 )
    Depreciation and amortization   30,192       43,408  
    Stock compensation   454,339       722,971  
    Adjusted EBITDA continuing operations (Non-GAAP)   (3,893,768 )     (2,386,980 )
     

    Management believes that bARR and ARR, when viewed with our results under GAAP, provide useful information about the direction of future growth trends of the Company’s revenues. We also rely on bARR as one of several primary measures to review and assess the sales performance of our Company and our management team in connection with our executive compensation. The Company defines Booked Annual Recurring Revenue or bARR, as the amount of annual recurring revenue represented by the estimated amounts of annual recurring revenue we believe will be earned under such contracted orders, looking out eighteen months from the date of signing of each customer contract. This estimate is comprised of two components (1) Committed Annual Recurring Revenue (cARR), which represents the minimum amounts that customers are contractually committed to pay each year over the life of the contract and (2) Usage Above Commitments (UAC), which represents our estimate of the rate of annual recurring revenue arising from actual usage of our services above the contractual minimums, that we believe the Customer will achieve after 18 months. The net amount of bARR reflects the deduction of the bARR of contracts previously included in reported bARR, which were subject to attrition, or other downward adjustments during the quarter.

    The company defines Annual Recurring Revenue or ARR, as the amount of recurring revenue recognized during the last three months of the relevant period as determined in accordance with GAAP, multiplied by four.

    bARR may be distinguished from ARR, as bARR does not take specifically into account the time to implement any contract for authID’s services, nor for any ramp in adoption, or seasonality of usage of our biometric products but is based on the assumption that 18 months after signing these matters will have been generally resolved. Furthermore, bARR is based on estimates of future revenues under particular contracts, whereas ARR, whilst also forward-looking, is based on historical revenues recognized in accordance with GAAP during the relevant period. A reconciliation of bARR to a GAAP measure is not provided as there is no comparable GAAP measure and we believe that any attempt at such reconciliation may be confusing to investors. bARR and ARR have limitations as analytical tools, and you should not consider them in isolation from, or as a substitute for, analysis of our results as reported under GAAP. Some of these limitations are:

    • bARR & ARR should not be considered as predictors of future revenues but only as indicators of the direction in which revenues may be trending. Actual revenue results in the future as determined in accordance with GAAP may be significantly different to the amounts indicated as bARR or ARR at any time.
    • bARR and ARR are to be considered “forward-looking statements” and subject to the same risks, as other such statements (see note on “Forward-Looking Statements” above).
     
    authID INC. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)
     
      Three Months Ended
    March 31,
      2025   2024
    Revenues, net $ 296,256     $ 157,378  
                   
    Operating Expenses:              
    General and administrative   2,645,700       2,062,361  
    Research and development   1,998,663       1,204,968  
    Depreciation amortization   30,192       43,408  
    Total operating expenses   4,674,555       3,310,737  
                   
    Loss from operations   (4,378,299 )     (3,153,359 )
                   
    Other Income (Expense):              
    Interest expense, net   (12,712 )     (13,138 )
    Other income   51,544       108,920  
    Other income (expense), net   38,832       95,782  
                   
    Net loss before income taxes   (4,339,467 )     (3,057,577 )
    Income tax expense   –       –  
    Net Loss $ (4,339,467 )   $ (3,057,577 )
                   
                   
    Net Loss Per Share – Basic and Diluted operations $ (0.40 )   $ (0.32 )
                   
    Weighted Average Shares Outstanding – Basic and Diluted   10,920,909       9,450,220  
     
    authID INC. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
     
        March 31,
    2025
          December 31,
    2024
     
    ASSETS   (Unaudited)          
    Current Assets:              
    Cash $ 2,866,347     $ 8,471,561  
    Accounts receivable, net   1,028,564       97,897  
    Contract assets   487,551       426,859  
    Deferred contract costs   595,359       617,918  
    Other current assets, net   623,475       460,192  
    Total current assets   5,601,296       10,074,427  
                   
    Intangible assets, net   185,226       213,718  
    Goodwill   4,183,232       4,183,232  
    Total assets $ 9,969,754     $ 14,471,377  
                   
    LIABILITIES AND STOCKHOLDERS’ EQUITY              
    Current Liabilities:              
    Accounts payable and accrued expenses $ 811,934     $ 1,715,410  
    Commission liability   191,519       459,657  
    Severance liability   325,000       325,000  
    Convertible debt, net   –       240,884  
    Deferred revenue   1,011,448       215,237  
    Total current liabilities   2,339,901       2,956,188  
                   
    Total liabilities $ 2,339,901     $ 2,956,188  
                   
    Commitments and Contingencies (Note 8)              
                   
    Stockholders’ Equity:              
    Common stock, $0.0001 par value, 150,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 10,920,909 shares issued and outstanding as of March 31, 2025 and December 31, 2024   1,092       1,092  
    Additional paid-in capital   185,766,847       185,312,508  
    Accumulated deficit   (178,147,996 )     (173,808,529 )
    Accumulated comprehensive income   9,910       10,118  
    Total stockholders’ equity   7,629,853       11,515,189  
    Total liabilities and stockholders’ equity $ 9,969,754     $ 14,471,377  
     
    authID INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
     
      Three Months Ended
    March 31,
      2025   2024
    CASH FLOWS FROM OPERATING ACTIVITIES:              
                   
    Net loss $ (4,339,467 )   $ (3,057,577 )
    Adjustments to reconcile net loss with cash flows from operations:              
    Stock-based compensation   454,339       722,971  
    Depreciation and amortization expense   30,192       43,408  
    Amortization of debt discounts and issuance costs   4,116       4,115  
                   
    Changes in operating assets and liabilities:              
    Accounts receivable   (930,667 )     (237,506 )
    Contract assets   (60,692 )     (49,713 )
    Deferred contract cost   22,559       (3,417 )
    Other current assets   (163,283 )     (9,521 )
    Commission liability   (268,138 )     (40,950 )
    Accounts payable and accrued expenses   (903,476 )     (495,357 )
    Deferred revenue   796,211       176,019  
    Net cash flows from operating activities   (5,358,306 )     (2,947,528 )
                   
    CASH FLOWS FROM INVESTING ACTIVITIES:              
    Purchase of intangible assets   (1,700 )     –  
    Net cash flows from investing activities   (1,700 )     –  
                   
    CASH FLOWS FROM FINANCING ACTIVITIES:              
    Repayment of convertible notes   (245,000 )     –  
    Net cash flows from financing activities   (245,000 )     –  
                   
    Effect of Foreign Currencies   (208 )     (3,359 )
                   
    Net Change in Cash   (5,605,214 )     (2,950,887 )
    Cash, Beginning of the Period   8,471,561       10,177,099  
    Cash, End of the Period $ 2,866,347     $ 7,226,212  
                   
    Supplemental Disclosure of Cash Flow Information:              
    Cash paid for interest $ 13,137     $ 9,023  

    The MIL Network –

    May 14, 2025
  • MIL-OSI Russia: Financial news: On changes in the procedure for executing futures contracts on the Russian Market Volatility Index

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    Moscow Exchange reminds that on April 22, 2025, a new specification of futures contracts on the Russian Market Volatility Index came into force, according to which the procedure for executing these futures contracts will change.

    In accordance with the new version of the specification, the underlying asset of futures contracts is the Volatility Index of the Russian Market. Previously, the underlying asset was the volatility value, which was calculated based on the prices of two series of options on the RTS Index futures contract.

    Thus, the futures strike price is now determined as the arithmetic mean value of the RVI Index, calculated for the period from 14:05:15 to 18:05:00 inclusive.

    More detailed information is contained in the contract specification. on the Moscow Exchange website.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

    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: //VVV. MOEX.K.MO/N90191

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI: Waldencast Reports Q1 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Q1 Net Revenue of $65.4 million, (4.1)% decline from Q1 2024
    76.4% Adjusted Gross Margin, an improvement of 10 basis points
    $4.4 million of Adjusted EBITDA

    LONDON, May 13, 2025 (GLOBE NEWSWIRE) — Waldencast plc (NASDAQ: WALD) (“Waldencast” or the “Company”), a global multi-brand beauty and wellness platform, today reported operating results for the three months ended March 31, 2025 (“Q1 2025”) on Form 6-K to the U.S. Securities and Exchange Commission (the “SEC”), which are also available on our investor relations site at http://ir.waldencast.com/.

    Michel Brousset, Waldencast Founder and CEO, said: “As anticipated, in Q1 2025, Milk Makeup results were impacted by the cycling of the very successful launch of Jellies in Q1 2024, as well as the significant inventory reduction at the retail level versus a year ago.”

    “Despite a broader slowdown in the prestige beauty category in the U.S., Milk Makeup ended the quarter on a very strong note, fueled by the highly successful launch of Hydro Grip Gel Tint, which sold out shortly after release. We are also very pleased with the brand’s entry into Ulta Beauty, with retail sales beginning in late February. Both initiatives exceeded expectations and contributed to the brand’s high single-digit growth in U.S. retail sales. This solid domestic performance was offset by the contraction of international sales, which faced a difficult comparison against last year’s Q1 distribution expansion, as well as inventory reduction by retail partners. In Q1, Milk Makeup partnered with Nike Running in North America for the Nike After Dark Tour in Los Angeles, bringing sport and self-expression together to keep expanding reach and deepen community engagement.”

    “The Obagi Medical brand delivered a solid performance in the first quarter, although out of stocks in some key SKUs dampened volume growth. We are accelerating ongoing efforts to transform our supply chain—consolidating third party logistics partners and enhancing operational capabilities—to improve fulfillment, increase reliability, and support long-term, scalable growth.”

    “Despite a difficult quarter, we continue to increase our investments in marketing, up in the high teens, to fuel brand equity and set a strong foundation for delivering our long-term ambitions, starting with our 2025 objectives.”

    “We are confident in our ability to deliver a stronger performance throughout the remainder of the year, beginning in Q2. Key drivers include a robust pipeline of breakthrough innovation at both Milk Makeup and Obagi Medical, combined with restocking of Hydro Grip Gel Tint which is expected to fuel continued consumer demand. We also anticipate a meaningful uplift in Milk Makeup volumes from the successful Ulta Beauty launch. Additionally, ongoing improvements from Obagi Medical’s supply chain restructuring are expected to enhance fulfillment rates and operational resilience,” concluded Mr. Brousset.

    Q1 2025 Results Overview

    Please refer to the definitions and reconciliations set out further in this release with respect to certain adjusted non-GAAP measures discussed below which are included to provide an easier understanding of the underlying performance of the business, but should not be seen as a substitute for the U.S. GAAP numbers presented in this release.

    For the three months ended March 31, 2025 compared to the three months ended March 31, 2024:

    Net Revenue decreased 4.1% year-over-year to $65.4 million.

    Gross Profit was $47.2 million, while Adjusted Gross Profit totaled $50.0 million, or 76.4% of net revenue, an expansion of 10 basis points compared to the prior year.

    Net Loss for Q1 2025 was $20.7 million primarily driven by Depreciation and Financial charges. Non-recurring legal and advisory expenses totaled $1.5 million, continuing their decline from prior quarter.

    Adjusted EBITDA was $4.4 million, or 6.7% of net revenue. The year-over-year decline reflects sustained investments in sales and marketing, and G&A deleverage stemming from lower revenue.

    Liquidity: As previously announced, during Q1, Waldencast secured a new $205 million five-year credit facility, comprising a $175 million term loan and a $30 million revolving credit facility (“RCF”). This refinancing replaces the previous bank loans, enhances financial flexibility, and extends the Company’s debt maturity profile to March 2030, supporting long-term strategic priorities.

    As of March 31, 2025, the Company held $10.8 million in cash and cash equivalents, $172.1 million in net debt, and approximately $22.5 million in available capacity under the RCF. The increase in net debt during the quarter is primarily due to refinancing-related costs. Cash consumption reflects lower Adjusted EBITDA and an inventory build-up to support expected sales growth in future quarters.

    Outstanding Shares: As of April 30, 2025, we had 123,011,239 ordinary shares outstanding, consisting of 112,644,711 Class A shares and 10,366,528 Class B shares. As of December 31, 2024, we had 122,692,968 ordinary shares outstanding, consisting of 112,026,440 Class A shares and 10,666,528 Class B shares.

                           
    (In $ millions, except for percentages)   Q1 2025   % Sales   % Growth     Q1 2024   % Sales
    Waldencast                      
    Net Revenue   65.4   100.0%   (4.1)%     68.3   100.0%
    Adjusted Gross Profit   50.0   76.4%   (4.0)%     52.1   76.3%
    Adjusted EBITDA   4.4   6.7%   (61.5)%     11.4   16.6%
                           
    Obagi Medical                      
    Net Revenue   36.2   100.0%   7.1%     33.8   100.0%
    Adjusted Gross Profit   29.7   82.0%   7.9%     27.5   81.4%
    Adjusted EBITDA   5.9   16.3%   (12.5)%     6.7   20.0%
                           
    Milk Makeup                      
    Net Revenue   29.3   100.0%   (15.1)%     34.5   100.0%
    Adjusted Gross Profit   20.4   69.5%   (17.3)%     24.6   71.3%
    Adjusted EBITDA   4.4   14.9%   (56.4)%     10.0   29.1%
                           

    First Quarter 2025 Brand Highlights:

    Obagi Medical:

    • Net Revenue reached $36.2 million, up 7.1% from $33.8 million in Q1 2024.
    • Growth was fueled by continued strength in the direct-to-consumer channels. The benefits from transitioning to a first-party model with our primary e-commerce distributor have now fully annualized.
    • The Physician Dispense channel declined in the quarter, largely due to ongoing supply chain restructuring and temporary inventory constraints affecting key products, which limited sales during the quarter.
    • Adjusted Gross Margin of 82.0% increased 60 basis points from Q1 2024, supported by a favorable channel mix and lower promotional activity.
    • Adjusted EBITDA was $5.9 million, down 12.5% compared to Q1 2024. The Adjusted EBITDA margin declined by 370 basis points year-over-year to 16.3%, primarily due to higher marketing investments and increased supply chain costs aimed at supporting future growth.

    Milk Makeup:

    • As anticipated, Milk Makeup’s Net Revenue declined in the quarter. Net Revenue was $29.3 million, down 15.1% versus $34.5 million in Q1 2024. This result was a combination of cycling a very successful launch of Jellies in Q1 2024 and a significant reduction of retail inventory levels quarter-over-quarter.
    • Sales momentum accelerated in March, driven by the successful strategic launch of Hydro Grip Gel Tint, which significantly exceeded expectations and led to out of stocks.
    • The brand also expanded into Ulta Beauty during the quarter, with strong initial sell-out contributing to high single-digit growth in U.S. retail sales.
    • Adjusted Gross Margin declined by 180 basis points versus Q1 2024, mostly impacted by set-up costs for new retailers.
    • Adjusted EBITDA was $4.4 million, with an Adjusted EBITDA margin of 14.9%. The margin contraction was primarily driven by increased marketing investments and G&A deleverage resulting from lower sales.

    Fiscal 2025 Outlook:

    While mindful of the broader macroeconomic environment and assuming no further material changes to current tariffs, including the latest updates on China, we remain confident that our strategic initiatives position us well to deliver on our full-year guidance of mid-teens net revenue growth and an adjusted EBITDA margin in the mid-to-high teens.

    Given our high gross margin business model and limited reliance on Asian sourcing, we expect a limited increase in cost of goods with any necessary price adjustments (likely in the low-to-mid single digits) to offset the announced tariff scenario.

    Conference Call and Webcast Information

    Waldencast will host a conference call to discuss its first quarter results on Wednesday, May 14, 2025, at 8:30 AM EDT for the period ended March 31, 2025. Those interested in participating in the conference call are invited to dial (877) 704-4453. International callers may dial (201) 389-0920. A live webcast of the conference call will include a slide presentation and will be available online at https://ir.waldencast.com/. A replay of the webcast will remain available on the website until our next conference call. The information accessible on, or through, our website is not incorporated by reference into this release.

    Non-GAAP Financial Measures

    In addition to the financial measures presented in this release in accordance with U.S. GAAP, Waldencast separately reports financial results on the basis of the measures set out and defined below which are non-GAAP financial measures. Waldencast believes the non-GAAP measures used in this release provide useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations. Waldencast believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends. These non-GAAP measures also provide perspective on how Waldencast’s management evaluates and monitors the performance of the business.

    There are limitations to non-GAAP financial measures because they exclude charges and credits that are required to be included in GAAP financial presentation. The items excluded from GAAP financial measures such as net income/loss to arrive at non-GAAP financial measures are significant components for understanding and assessing our financial performance. Non-GAAP financial measures should be considered together with, and not alternatives to, financial measures prepared in accordance with GAAP.

    Please refer to definitions set out in the release and the tables included in this release for a reconciliation of these metrics to the most directly comparable GAAP financial measures.

    Adjusted Gross Profit is defined as GAAP gross profit excluding the impact of amortization of the supply agreement and formulation intangible assets, and the amortization of the fair value of the related party liability from the Obagi Medical China Business, which was not acquired by Waldencast at the time of the business combination with Obagi Medical and Milk Makeup (the “Business Combination”). The Adjusted Gross Profit reconciliation by Segment for each period is included in the Appendix.

    Adjusted Gross Margin is defined as Adjusted Gross Profit divided by GAAP Net Revenue.

    Adjusted EBITDA is defined as GAAP net income (loss) before interest income or expense, income tax (benefit) expense, depreciation and amortization, and further adjusted for the items as described in the reconciliation below. We believe this information will be useful for investors to facilitate comparisons of our operating performance and better identify trends in our business. Adjusted EBITDA excludes certain expenses that are required to be presented in accordance with GAAP because management believes they are non-core to our regular business. These include non-cash expenses, such as depreciation and amortization, stock-based compensation, the amortization and release of fair value of the related party liability to the Obagi Medical China Business, change in fair value of assets and liabilities, and foreign currency translation loss (gain). In addition, adjustments include expenses that are not related to our underlying business performance including (1) legal, advisory and consultant fees related to the financial restatement of previously issued financial statements and associated regulatory investigation, and (2) other non-recurring costs, primarily legal settlement costs and restructuring costs. The Adjusted EBITDA by Segment for each period is included in the Appendix.

    Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of net revenue. The Adjusted EBITDA Margin reconciliation by Segment for each period is included in the Appendix.

             
    (In thousands, except for percentages)   Three Months
    Ended March 31,
    2025
      Three Months
    Ended March 31,
    2024
    Net Loss   $ (20,735 )   $ (3,894 )
    Adjusted For:        
    Depreciation and amortization     14,998       14,884  
    Interest expense, net     6,384       4,293  
    Income tax expense (benefit)     1,398       (685 )
    Stock-based compensation expense     2,368       1,059  
    Legal and advisory non-recurring costs(1)     1,474       7,924  
    Change in fair value of assets and liabilities     (1,167 )     (12,160 )
    Amortization and release of related party liability(2)     —       (316 )
    Other costs(3)     (353 )     246  
    Adjusted EBITDA   $ 4,366     $ 11,351  
    Net Revenue   $ 65,442     $ 68,272  
    Net Loss % of Net Revenue   (31.7 )%   (5.7 )%
    Adjusted EBITDA Margin     6.7 %     16.6 %
    (1)   Includes mainly legal, advisory and consultant fees related to the financial restatement of the 2020-2022 periods and associated regulatory investigation, and the Business Combination.
    (2)   Relates to the fair value of the related party liability for the unfavorable discount to the Obagi Medical China Business as part of the Business Combination.
    (3)   Other costs include legal settlements, foreign currency translation losses and (gains), and restructuring costs.
         

    Net Debt Position is defined as the principal outstanding for the 2022 term loan and 2022 revolving credit facility minus the cash and cash equivalents as of March 31, 2025.

         
    (In thousands)   Reconciliation of
    Net Carrying
    Amount of debt to
    Net Debt
    Current portion of long-term debt   $ 7,740  
    Long-term debt     164,694  
    Net carrying amount of debt     172,434  
    Adjustments:    
    Add: Unamortized debt issuance costs     10,401  
    Less: Cash & cash equivalents     (10,782 )
    Net Debt   $ 172,053  
             

    About Waldencast plc

    Founded by Michel Brousset and Hind Sebti, Waldencast’s ambition is to build a global best-in-class beauty and wellness operating platform by developing, acquiring, accelerating, and scaling conscious, high-growth purpose-driven brands. Waldencast’s vision is fundamentally underpinned by its brand-led business model that ensures proximity to its customers, business agility, and market responsiveness, while maintaining each brand’s distinct DNA. The first step in realizing its vision was the Business Combination. As part of the Waldencast platform, its brands will benefit from the operational scale of a multi-brand platform; the expertise in managing global beauty brands at scale; a balanced portfolio to mitigate category fluctuations; asset light efficiency; and the market responsiveness and speed of entrepreneurial indie brands. For more information please visit: https://ir.waldencast.com.

    Obagi Medical is an industry-leading, advanced skin care line rooted in research and skin biology, refined with a legacy of over 35 years’ experience. First known as leaders in the treatment of hyperpigmentation with the Obagi Nu-Derm® System, Obagi Medical products are designed to address the appearance of premature aging, photodamage, skin discoloration, acne, and sun damage. More information about Obagi Medical is available on the brand’s website at www.obagi.com.

    Founded in 2016, Milk Makeup quickly became a cult-favorite among the beauty community for its values of self-expression and inclusion, captured by its signature “Live Your Look”, its innovative formulas, and clean ingredients. The brand creates vegan, cruelty-free, clean formulas and has its Milk Makeup HQ in Downtown NYC. Currently, Milk Makeup offers over 250 products through its U.S. website www.MilkMakeup.com, and retail partners including Sephora globally, Ulta Beauty in the U.S., Lyko in Scandinavia, Space NK and Boots in the United Kingdom and many more.

    Cautionary Statement Regarding Forward-Looking Statements

    All statements in this release that are not historical, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about: Waldencast’s outlook and guidance for 2025; our ability to deliver financial results in line with expectations; expectations regarding sales, earnings or other future financial performance and liquidity or other performance measures; our long-term strategy and future operations or operating results; expectations with respect to our industry and the markets in which it operates; future product introductions; developments relating to the ongoing investigation and legal proceedings; and any assumptions underlying any of the foregoing. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements.

    These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements, including, among others: (i) the impact of the material weaknesses in our internal control over financial reporting, including associated investigations, our efforts to remediate such material weakness and the timing of remediation and resolution of associated investigations; (ii) our ability to recognize the anticipated benefits from any acquired business, including the Business Combination; (iii) our ability to successfully implement our management’s plans and strategies; (iv) the overall economic and market conditions, sales forecasts and other information about our possible or assumed future results of operations or our performance; (v) the general impact of geopolitical events, including the impact of current wars, conflicts or other hostilities; (vi) the potential for delisting, legal proceedings or existing or new government investigation or enforcement actions, including those relating to the restatement or the subject of the Audit Committee of our Board of Directors’ review further described in our annual report filed on Form 20-F for the year ended December 31, 2022; (vii) our ability to manage expenses, our liquidity and our investments in working capital; (viii) any failure to obtain governmental and regulatory approvals related to our business and products; (ix) the impact of any international trade or foreign exchange restrictions, increased tariffs, foreign currency exchange fluctuations; (x) our ability to raise additional capital or complete desired acquisitions; (xi) our ability to comply with financial covenants imposed by the new 2025 credit agreement we entered into referenced in the section entitled “Liquidity” above and the impact of debt service obligations and restricted debt covenants; (xii) volatility of Waldencast’s securities due to a variety of factors, including Waldencast’s inability to implement its business plans or meet or exceed its financial projections and changes; (xiii) the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; (xiv) the ability of Waldencast to implement its strategic initiatives and continue to innovate Obagi Medical’s and Milk Makeup’s existing products and anticipate and respond to market trends and changes in consumer preferences; (xv) any shifts in the preferences of consumers as to where and how they shop; (xvi) the impact of any unfavorable publicity on our business or products; (xvii) changes in future exchange or interest rates or credit ratings; (xviii) changes in, and uncertainty with respect to, laws, regulations, and policies, including as a result of the change in the U.S. administration; and (xix) social, political and economic conditions. These and other risks, assumptions and uncertainties are more fully described in the Risk Factors section of our 2024 20-F (File No. 01-40207), filed with the SEC on March 20, 2025, and in our other documents that we file or furnish with the SEC, which you are encouraged to read.

    Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to rely on these forward-looking statements, which speak only as of the date they are made. Waldencast expressly disclaims any current intention, and assumes no duty, to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

    Contacts:

    Investors
    ICR
    Allison Malkin
    waldencastir@icrinc.com

    Media
    ICR
    Brittney Fraser/Alecia Pulman
    waldencast@icrinc.com

    Appendix

    Adjusted Gross Profit

         
        Group
    (In thousands, except for percentages)   Three months
    ended March 31,
    2025
      Three months
    ended March 31,
    2024
    Net Revenue   $ 65,442     $ 68,271  
    Gross Profit     47,205       49,580  
    Gross Profit Margin     72.1 %     72.6 %
    Gross Margin Adjustments:        
    Amortization of the fair value of the related party liability(1)     —       (316 )
    Amortization impact of intangible assets(2)     2,801       2,801  
    Adjusted Gross Profit   $ 50,006     $ 52,065  
    Adjusted Gross Margin %     76.4 %     76.3 %
    (1)   Relates to the fair value of the related party liability for the unfavorable discount to the Obagi Medical China Business as part of the Business Combination.
    (2)   The supply agreement and formulations intangible assets are amortized to cost of goods sold.
         
        Obagi Medical   Milk Makeup
    (In thousands, except for percentages)   Three months
    ended March 31,
    2025
      Three months
    ended March 31,
    2024
      Three months
    ended March 31,
    2025
      Three months
    ended March 31,
    2024
    Net Revenue   $ 36,166     $ 33,768     $ 29,276     $ 34,503  
    Gross Profit     26,851       24,989       20,354       24,597  
    Gross Profit Margin     74.2 %     74.0 %     69.5 %     71.3 %
    Gross Margin Adjustments:                
    Amortization of the fair value of the related party liability     —       (316 )     —       —  
    Amortization impact of intangible assets     2,801       2,801       —       —  
    Adjusted Gross Profit   $ 29,652     $ 27,474     $ 20,354     $ 24,597  
    Adjusted Gross Margin %     82.0 %     81.4 %     69.5 %     71.3 %
                                     

    Adjusted EBITDA Margin by Segment

        Obagi Medical   Milk Makeup
    (In thousands, except for percentages)   Three months
    ended March 31,
    2025
      Three months
    ended March 31,
    2024
      Three months
    ended March 31,
    2025
      Three months
    ended March 31,
    2024
    Net Loss   $ (9,056 )   $ (5,761 )   $ (1,004 )   $ 5,340  
    Adjusted For:                
    Depreciation and amortization     10,420       10,395       4,578       4,489  
    Interest expense (income), net     3,385       3,187       (3 )     (55 )
    Income tax expense (benefit)     1,369       (687 )     25       —  
    Stock-based compensation expense     (526 )     (781 )     568       357  
    Legal and advisory non-recurring costs     189       467       —       —  
    Change in fair value of assets and liabilities     14       —       —       —  
    Amortization and release of related party liability     —       (316 )     —       —  
    Other costs     104       239       206       (105 )
    Adjusted EBITDA   $ 5,900     $ 6,743     $ 4,370     $ 10,026  
    Net Revenue   $ 36,166     $ 33,768     $ 29,276     $ 34,503  
    Net Loss % of Net Revenue   (25.0 )%   (17.1 )%   (3.4 )%     15.5 %
    Adjusted EBITDA Margin     16.3 %     20.0 %     14.9 %     29.1 %
        Central costs
    (In thousands, except for percentages)   Three months
    ended March 31,
    2025
      Three months
    ended March 31,
    2024
    Net Loss   $ (10,676 )   $ (3,472 )
    Adjusted For:        
    Interest expense, net     3,002       1,160  
    Income tax expense     3       2  
    Stock-based compensation expense     2,326       1,482  
    Legal and advisory non-recurring costs     1,285       7,457  
    Change in fair value of assets and liabilities     (1,181 )     (12,160 )
    Other costs     (664 )     112  
    Adjusted EBITDA   $ (5,904 )   $ (5,419 )
    Net Revenue   $ —     $ —  
    Net Loss % of Net Revenue   N/A     N/A  
    Adjusted EBITDA Margin   N/A     N/A  
                 

    The MIL Network –

    May 14, 2025
  • MIL-OSI Russia: Dmitry Patrushev: The project to dispose of a sunken floating dock in the Murmansk region is unprecedented for our country

    Translation. Region: Russian Federal

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

    Deputy Prime Minister Dmitry Patrushev visited the Murmansk Region on a working visit, inspected the site of the sinking of the largest floating dock in Russia and held a meeting dedicated to organizing the work on its disposal. The meeting was attended by the head of the Murmansk Region, the leadership of the Ministry of Natural Resources of Russia, the Ministry of Transport of Russia, Rosmorrechflot and other interested departments.

    “The situation with the sunken dock in the Murmansk region creates a number of problems. These are serious obstacles to shipping and a negative impact on the environment. In addition, this water area is of strategic importance for the development of the Northern Sea Route and the Vostok Oil project, which are being implemented on the instructions of the President of Russia. A project for the disposal of this floating dock is currently being created, and then we will begin work. The project will be large-scale and even unique, since similar-sized sunken objects have not yet had to be disposed of in our country. Nevertheless, we understand how to do this. We have design institutes that are ready to take on the work and then remove this object,” said Dmitry Patrushev.

    The Deputy Prime Minister called for the work to be accelerated because, due to the local climate, the season favorable for the survey will be short.

    Following the meeting, the Russian Ministry of Transport and Rosmorrechflot, together with the region, were instructed to promptly develop and approve a “road map” for organizing the disposal process.

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

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Financial News: Long-Term Savings Program Will Become Even More Accessible

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    From October 1, 2025, it will be possible to conclude an agreement with a non-state pension fund and become a participant in the long-term savings program through the State Services portal, which will increase the availability of this product for citizens. Such changesThe State Duma approved the legislation in the second and third readings.

    The amendments also introduce a cooling-off period, when the contract can be terminated early without losing benefits. Now, if a program participant has made a contribution and then changed his mind and decided to leave it, he loses the right to receive co-financing from the state, including when concluding such contracts in the future. The same principle applies if a person has several long-term savings contracts and is going to close at least one of them.

    According to the new rules, a program participant has the right to terminate a long-term savings agreement under which he did not receive co-financing, and at the same time retain the right to state support under other long-term savings agreements, if he managed to do so before April 1 of the year when funds from the state are to be received.

    This rule will come into effect 10 days after the official publication of the law.

    Preview photo: Jack Frog / Shutterstock / Fotodom

    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: //VVV.KBR.ru/Press/Event/? ID = 24596

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Financial news: 05/13/2025, 10-10 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A10AQC0 (IADOM 1P51) were changed.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    05/13/2025

    10:10

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 13.05.2025, 10-10 (Moscow time), the values of the upper limit of the price corridor (up to 84.67) and the range of market risk assessment (up to 899.46 rubles, equivalent to a rate of 31.25%) of the RU000A10AQC0 security (IADOM 1P51) were changed.

    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: //VVV. MOEX.K.M.M.

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Financial news: 05/13/2025, 10:24 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A1008P1 (Rosnft2P6) were changed.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    05/13/2025

    10:24

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 13.05.2025, 10-24 (Moscow time), the values of the upper limit of the price corridor (up to 87.17) and the range of market risk assessment (up to 920.3 rubles, equivalent to a rate of 11.25%) of the security RU000A1008P1 (Rosnft2P6) were changed.

    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: //VVV. MOEX.K.M.M.

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Financial news: 05/13/2025, 10:51 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A100YQ0 (Rosnft2P9) were changed.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    05/13/2025

    10:51

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 13.05.2025, 10-51 (Moscow time), the values of the upper limit of the price corridor (up to 90.12) and the range of market risk assessment (up to 945.52 rubles, equivalent to a rate of 11.25%) of the RU000A100YQ0 (Rosnft2P9) security were changed.

    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: //VVV. MEEX.K.M.M.

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with St. Kitts and Nevis

    Source: IMF – News in Russian

    May 13, 2025

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for St. Kitts and Nevis[1] The authorities have consented to the publication of the Staff Report prepared for this consultation.

    Following the post-pandemic rebound, the economy is facing challenges. Real GDP growth moderated to 1.5 percent in 2024, reflecting lower contributions from tourism and government services, while inflation eased to 1 percent. The fiscal deficit increased to 11 percent of GDP in 2024, mainly driven by a sharp decline in Citizenship-by-Investment (CBI) revenue amid recent reforms aimed at strengthening the CBI program. The current account deficit widened due to lower CBI inflows. Meanwhile, credit growth accelerated on the back of pent-up demand, especially in mortgage loans, amid increasing competition. Groundwork is ongoing for a potentially transformative geothermal project.

    In 2025, economic growth is projected to strengthen to 2 percent supported by expanding tourism, while inflation is expected to remain stable.[2] In the medium term, growth is forecast to rise to 2½ percent, benefiting from large energy projects. Nonetheless, fiscal deficits are forecasted to remain high in the medium term, driven by expectations of structurally lower CBI revenue, resulting in public debt exceeding 70 percent of GDP by 2030.

    Near-term risks to growth are tilted to the downside, but progress in fostering renewable energy provides upside potential over the medium term. The uncertainty and volatility of CBI revenue pose a significant two-sided risk, but a further decline in CBI revenue would pressure fiscal accounts. Downside risks include a slowdown in key source markets for tourism, global financial instability, and commodity price volatility. The economy is highly exposed to natural disasters. On the other hand, the energy projects could foster growth and fiscal revenue in the medium term.

    Executive Board Assessment[3]

    Executive Directors welcomed the authorities’ commitment to prudent policy reforms and stressed that the significant challenges the economy is facing require a multipronged approach to address low growth and fiscal sustainability, while safeguarding financial stability and the external position.

    Directors encouraged the authorities to implement a prompt and decisive fiscal consolidation to keep public debt below the regional debt ceiling and reduce reliance on the Citizenship‑by‑Investment Program (CBI). This would create space for capital expenditure, resilience against natural disasters, and contingent liabilities. Directors stressed that fiscal consolidation should be driven by tax revenue mobilization and reductions in current expenditures, anchored by fiscal rules. Greater diversification of funding sources would also help to lengthen debt maturities and lower financing costs. Directors supported the authorities’ plan to establish a Sovereign Wealth Fund to absorb upsides in CBI revenue and called for continuing improvements in the CBI framework, including its transparency. They also welcomed the authorities’ initiatives to implement reforms to improve the sustainability of the Social Security Fund.

    Directors underscored that further progress is needed to strengthen the financial sector, including to reduce NPLs and meet the ECCB’s prudential requirements. They emphasized the importance of continuing to strengthen the balance sheet of the systemic bank and to revitalize its business model. Directors also called for reforms of the Development Bank, building on the authorities’ work in this area. They stressed the need to monitor rapid credit growth and further strengthen the regulation and oversight of credit unions. It will also be important to make additional progress in strengthening the AML/CFT framework.

    Directors emphasized that structural reforms and improved preparedness for natural disasters are crucial to boost potential growth. They stressed that reforms are necessary to enhance the efficiency of government services, improve credit access, and better align labor skills with market demands. Directors noted that accelerating the energy transition would help increase competitiveness. Finally, they underscored the need to enhance the investment and the multi‑layered insurance frameworks to strengthen natural disaster preparedness.

    St. Kitts and Nevis: Selected Economic Indicators 2020-26 1/

       

    Est.

    Proj.

    2020

    2021

    2022

    2023

    2024

    2025

    2026

    (Annual percentage change, unless otherwise specified)

    National income and prices

    Real GDP (market prices) 2/

    -14.6

    -1.7

    10.5

    4.3

    1.5

    2.0

    2.2

    Real GDP (factor cost) 2/

    -13.4

    -1.0

    8.0

    5.0

    4.3

    0.7

    0.5

    Consumer prices, period average

    -1.2

    1.2

    2.7

    3.6

    1.0

    1.7

    2.0

    Real effective exchange rate appreciation (+) (end-of-period)

    -1.0

    -3.1

    -1.4

    -0.7

    -2.4

    …

    …

    Money and credit 3/

    Broad money

    -8.1

    8.9

    3.7

    -1.9

    2.5

    13.5

    8.9

    Change in net foreign assets

    -0.4

    9.1

    -7.0

    -6.4

    -12.8

    -2.3

    -2.0

    Net credit to general government

    -18.4

    -4.8

    4.9

    0.3

    9.3

    10.3

    6.6

    Credit to private sector

    -4.0

    7.7

    5.8

    5.2

    9.8

    8.1

    6.4

    (In percent of GDP)

    Public sector 4/

    Total revenue and grants

    33.5

    46.6

    45.2

    43.0

    31.1

    32.5

    33.2

      o/w Tax revenue

    18.8

    19.0

    18.4

    19.3

    18.7

    18.2

    19.0

      o/w CBI fees

    11.3

    23.4

    25.3

    21.7

    8.1

    9.0

    9.0

    Total expenditure and net lending

    36.5

    41.2

    49.4

    43.3

    41.7

    42.2

    39.8

    Overall balance

    -3.1

    5.4

    -4.2

    -0.3

    -10.6

    -9.8

    -6.6

    Total public debt (end-of-period)

    68.0

    69.1

    60.2

    55.9

    52.2

    61.4

    65.6

    General government deposits

    (percent of GDP) 5/

    21.6

    30.4

    21.6

    20.4

    10.4

    10.3

    9.9

    External sector

    External current account balance

    -10.8

    -3.4

    -11.4

    -11.6

    -15.1

    -13.1

    -12.8

    Trade balance

    -28.0

    -24.8

    -34.7

    -32.8

    -32.7

    -32.3

    -33.3

    Memorandum items

     

     

     

     

    Net international reserves, end-of-period

     

     

     

    (in millions of U.S. dollars)

    365.4

    312.8

    270.3

    262.4

    270.7

    269.0

    267.3

     

     

     

    Nominal GDP at market prices

    (in millions of EC$)

    2,387

    2,318

    2,650

    2,850

    3,017

    3,048

    3,171

    Sources: St. Kitts and Nevis authorities; ECCB; UNDP; World Bank; and IMF staff estimates and projections.

    1/ The staff report projections are based on the information available as of March 27, 2025. Therefore, they do not reflect the impact of trade tensions since April 2, 2025.

    2/ In June 2021, the National Statistics Office revised historical GDP series.

    3/ The series for monetary aggregates have been revised consistent with the 2016 Monetary and Financial Statistics Manual and Compilation Guide.

    4/ Consolidated general government balances. Primary and overall balances are based on above-the-line data.

    5/ Includes only central government deposits at the commercial banks.

                                 

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] Since the issuance of the Staff Report, economic growth has been marked down, reflecting the impact of trade tensions combined with their effects on global policy uncertainty and global financial conditions, primarily through tourism and FDI (see the Supplement).

    [3] At the conclusion of the discussion, the Managing Director, as Chair of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Rosa Hernandez Gomez

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/05/12/pr-25139-st-kitts-and-nevis-imf-executive-board-concludes-2025-article-iv-consultation

    MIL OSI

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI United Nations: Experts of the Committee on the Rights of the Child Commend Norway on Child Welfare Act, Raise Questions on Proposed Increased Use of Force in Schools and Data on Children with Disabilities

    Source: United Nations – Geneva

    The Committee on the Rights of the Child today concluded its review of the seventh periodic report of Norway, with Committee Experts commending the State on the new child welfare act, while raising questions about the proposed increased use of force in schools and the lack of data on children with disabilities. 

    Bragi Gudbrandsson, Committee Expert and Taskforce Member, commended Norway for the child welfare act which was a wonderful piece of legislation. 

     

    Mr. Gudbrandsson said the Committee was concerned that Norway planned to use stronger force and constraints.  How had the country reached this situation?

    Faith Marshall Harris, Committee Expert and Taskforce Member, also emphasised her concern, stating that instead of teachers being trained to de-escalate violence, they were given the power to use more force than police officers.  It seemed that the Government had responded in a knee-jerk reaction to media pressure; however, the situation was more about training teachers to deal with these situations in a non-violent way.  Norway was encouraged to rethink this approach. 

    Thuwayba Al Barwani, Committee Expert and Taskforce Member, said Norway had excellent data but when it came to disability, there was no disaggregated data to better understand the situation of children with disabilities in the country.  How many of these children lived with their families? How many lived in residential care? How many were receiving support services?  What awareness raising campaigns were in place to remove stigma and educate about disability? 

    What measures were in place to provide quality psychological care for children with mental health disabilities in all municipalities?   

    The delegation said the new education act introduced a broader scope for exercising force and restraint.  Employees could now intervene against pupils when necessary.  Norway shared the Committee’s concerns and had tried to state explicitly in the provision that this was a last resort, with strict measures for physical restriction to take place.  The Government and municipalities focused on the competence of the staff to put pre-emptive measures in place so that physical interventions were a last resort and only used when necessary. 

    The delegation said the Norwegian strategy for equality for all ran until 2030, with an important competence to increase the visibility of the Convention on the Rights of Persons with Disabilities in all municipalities.  In 2025, the Government allocated 280 million kroner for grants for people with disabilities.  Norway could not definitively say how many people with disabilities were living in the country.  A recent report by Statistic Norway, focused on the different definitions of disability, which would hopefully assist the State in future.

    Introducing the report, Lene Vågslid, Minister of Children and Families of Norway and head of the delegation, said since the last dialogue with the Committee in 2018, Norway had taken significant steps to further strengthen children’s rights. 

    Last month, the Government presented a proposal for a new children’s act to Parliament, which included a new provision on the child’s right to privacy, and the parents’ responsibility in this regard.  Norway had introduced a range of measures in recent years to develop and improve the child welfare sector, including the new child welfare act, which entered into force in 2023, placing greater emphasis on prevention and helping children and parents as early as possible.  For the first time, a white paper on “Safe digital upbringing” would soon be presented to Parliament to develop policies that empowered and protected children in their digital lives. 

    In closing remarks, Mr. Gudbrandsson said it was clear Norway was on an exciting journey in revisiting the fundamental principles of the Convention, which was reflected in the new legislation, guidelines and action plans; the Committee was very impressed and appreciated these efforts. 

    In her closing remarks, Ms. Vågslid thanked the Committee for the important questions and the dialogue.  Norway aimed to highlight that all sectors were working towards the best possible outcomes for children. 

    The delegation of Norway was comprised of representatives from the Ministry of Children and Families; the Ministry of Culture and Equality; the Ministry of Education and Research; the Ministry of Justice and Public Security; the Ministry of Health Services; the Ministry of Labour and Social Inclusion; and the Permanent Mission of Norway to the United Nations Office at Geneva. 

    Summaries of the public meetings of the Committee can be found here, while webcasts of the public meetings can be found here. The programme of work of the Committee’s ninety-ninth session and other documents related to the session can be found here.

    The Committee will next meet in public at 3. pm on Wednesday, 14 May to begin its consideration of the combined fifth and sixth periodic reports of Indonesia (CRC/C/IDN/5-6).

    Report

    The Committee has before it the seventh periodic report of Norway (CRC/C/NOR/7).

    Presentation of Report

    LENE VÅGSLID, Minister of Children and Families of Norway and head of the delegation, said since the last dialogue with the Committee in 2018, Norway had taken significant steps to further strengthen children’s rights.  Fundamental children’s rights were included in the Norwegian Constitution, including that the best interests of the child must be a key consideration, and that children had a right to be heard regarding issues affecting them.  Moreover, the Convention was implemented through the human rights act, meaning it was applied as Norwegian law and prevailed if in conflict with other legislation. 

    Last month, the Government presented a proposal for a new children’s act to Parliament, which included a new provision on the child’s right to privacy, and the parents’ responsibility in this regard.  There were also several amendments to strengthen children’s rights when parents separated, including mandatory mediation for the parents and children. Additionally, the new education act of 2023 applied to all public primary and secondary education and contained general provisions stating that the best interests of pupils should be a fundamental consideration in actions and decisions concerning them. 

    Norway had introduced a range of measures in recent years to develop and improve the child welfare sector, including the new child welfare act, which entered into force in 2023, placing greater emphasis on prevention and helping children and parents as early as possible.  Last month, the Government launched the Quality Improvement Initiative, to give children relying on child welfare services greater predictability and stability. 

    It was only in exceptional cases, and as a matter of last resort, that the best interest of the child could lead to children being separated from their parents.  From 2023, children in health institutions had the right to be accompanied by a parent or guardian throughout their stay.  Families who had a child with a serious illness, injury or disability now had a right to a coordinator.  The Government also recently decided to incorporate the Convention on the Rights of Persons with Disabilities into the human rights act. 

    Since 2022, Norway had offered collective protection to around 90,000 refugees from Ukraine, many of them children.  The State had also increased the earmarked budget line for strengthened child expertise in asylum reception centres, and the County Governor’s supervision of unaccompanied minors was increased.  A national strategy for children in low-income families (2020-2023) was put forward in 2020 and renewed in 2024, aiming to strengthen the economy of low-income families and reduce economic barriers to kindergartens and after-school programmes. 

    In 2023, the Government introduced a “youth guarantee” which ensured young people close follow-up and individual support.  Since 2022, a cross-sector initiative called the Core Group for Vulnerable Children and Youth coordinated efforts across eight ministries and 14 agencies to address the needs of at-risk children.  Two weeks ago, Norway launched a national mission on the inclusion of children in education, work and societal life, with the key goal of reducing exclusion among children by 2035. 

    For the first time, a white paper on “Safe digital upbringing” would soon be presented to Parliament to develop policies that empowered and protected children in their digital lives.  Norway had also, for the first time, established a Ministry of Digitalisation, working closely together on children’s behalf.  Norway had high ambitions for all its children and was committed to advancing their well-being.  Ms. Vågslid concluded by commending the important role played by the United Nations treaty bodies in improving States’ implementation of human rights. 

    TORMOD C. ENDRESEN, Permanent Representative of Norway to the United Nations Office at Geneva, said Norway was looking forward to doing a deep dive with the Committee on the Rights of the Child in the country.  He then introduced the Norwegian delegation. 

    Questions by Committee Experts

    BRAGI GUDBRANDSSON, Committee Expert and Taskforce Member, said the Committee was aware of Norway’s exemplary record in children’s rights, being the first country to incorporate the Convention into domestic legislation, and the first in the world to establish the position of Ombudsman for children.  For this reason, the Committee would do its best to give Norway a critical appraisal. 

    The Government of Norway had been criticised in the law-making process, including the lack of a child rights assessment impact, and that children’s views were not included in the process of lawmaking.  It was understood that steps had been taken to address this; could the delegation share these with the Committee?  Could some examples be provided?  How was it ensured that the public administration act contributed to strong policies for children?  It was interesting that Norway had not yet formulated a comprehensive implementation plan for the Convention on a national, regional or sectoral basis. Could the delegation comment on this? 

    Norway was commended for collaboration between the Ministries and the Core Group for Vulnerable People.  Had it addressed the discrepancies in resources between the different municipalities? Had a strategy been devised in this regard?  Were children regularly consulted by the Core Group?  Norway currently did not collect disaggregated data which was of concern to the Committee.  Could the State use a safeguard strategy, rather than simply not collecting the statistics?  How did the State address the concerns of unaccompanied minors in reception centres? What was the status of amendments to the legal aid act?  To what extent were local politicians aware of the Committee’s observations since 2018? What was being done to improve this situation?  How were the concluding observations applied in the Government? 

    Mr. Gudbrandsson commended Norway for the child welfare act which was a wonderful piece of legislation.  The lack of participation of children in Norway was of concern, with many pieces of legislation being implemented without children having a chance to provide their views.  Were steps being taken to follow-up the child welfare act to ensure children were heard? Was there a possibility to accommodate the views of the children during child abuse cases through the Barnahus model? Would the State consider the age limit for accessing Barnahus services to 18?  It was important to provide young offenders with inappropriate sexual behaviour with good therapy, and Norway was commended for thinking about this.  The Committee welcomed the State’s action plan to address violence against children.  Had an evaluation of the previous plans been conducted?  How had this impacted the new plan? 

    The Committee was concerned that Norway planned to use stronger force and constraints.  How had the country reached this situation? Would Norway ban child marriages completely without any exceptions?  There was a lack of specific prohibition of the sale and sexual exploitation of children; could this be explained? 

    MARY BELOFF, Committee Vice-Chair and Taskforce Member, said Norway’s high-level delegation present before the Committee highlighted the country’s commitment to human rights.  Norway was an exemplary country in so many ways.  Why did discrimination still persist in such an egalitarian community, particularly when it came to Sami, migrant, asylum and refugee children? Where did the root causes lie? Were there any plans to diminish the levels of discrimination seen against children? 

    All State practices in Norway kept the best interests of the child in mind.  However, there were certain cases where questions arose. Was there an instrument for local and national authorities for this purpose?  How could the best interest of the child be reconciled with chemical restraints or practices of confinement?  How was it assessed whether the best interests of the children involved were satisfied? 

    If a child needed to be removed from their family, was there a protocol in place to ensure that the best interests of the child were still respected?  How was the situation of brothers and sisters assessed and the impact on children’s mental health?  Was there sufficient information to provide a solution to deportation or family reunification as it pertained to refugees?  How did “extended detention” reconcile with the best interests of the child?

    Responses by the Delegation 

    The delegation said the proposed children’s act strengthened the rights of all children in Norway and put their safety first, with the best interests of the child always considered most important.  The act aimed to facilitate the child’s contact with both parents and reduce conflict in situations of separation of parents.  The new act also included special provisions for cases of abuse of children.

    Norway placed a great emphasis on human rights and had implemented human rights conventions in the national law; in case of conflict, the conventions would prevail.  Norway’s Parliament had considered the ratification of the third Optional Protocol on several occasions, most recently in 2022, but given several reservations expressed, had voted not to implement it by an 80 per cent majority.  Given that recent decision, the Government was currently not considering ratifying the third Optional Protocol.  The Government remained adamant to develop a national complaints procedure and had taken steps in this regard.  A child-friendly website had been designed, allowing children to access the complaints procedure more easily. 

    The participation of children was becoming an increasingly valued part of Norway’s decision-making process.  The right to be heard was enshrined in the Constitution, and there were now established youth councils and mandated conversations with the Government and youth-oriented non-governmental organizations.  In March this year, the Government developed and clarified the role of the Norwegian Directorate for Children, Youth and Family which would now oversee all aspects pertaining to children and participation, and provide guidance to the public sector in this regard. 

    There were many national complaints bodies in Norway which had the competence to handle complaints concerning children.  Several measures had been taken to strengthen children’s right to complain. Politicians at all levels were responsible for following Norwegian law in all their decisions, and the Convention was part of Norwegian law.  Politicians received a copy of the Convention on the first day of work and an informative poster.  All general comments made by the Committee were published on the Government’s website in Norwegian and English. 

    The Norwegian Human Rights Institution had created a guide on children’s rights which was available online.  Since 2018, it was forbidden to enter a marriage with someone under 18 in Norway, and from this year, foreign marriages of a person under the age of 18 were not recognised. 

    In April, a bill was submitted to parliament for a new administrative procedural act.  The legal aid act stipulated the right to free legal aid for natural citizens, including minors.  The Norwegian Barnahus model was evaluated in 2021, with the system seeming to work well and in accordance with international conventions.  The Government aimed to strengthen the legal protection of child suspects, including around interrogation of minors. The evaluation of the Barnahus model did not delve further into the proposal to raise the age for access to services to 18. 

    Residents in asylum reception centres took part in an information programme about the Norwegian society and its fundamental values.  The objective was to help residents take care of their own living situations and also inform them of their rights.  In cases of expulsion, an extended right to free legal aid was granted. 

    In recent years, Norway had taken significant steps to strengthen the child welfare services through policies, research, and financial commitments.  The child welfare services aimed to do everything within their power to allow children to live at home.  The municipalities were vital in this regard.  In Norway, around 54,000 children and adolescents received help from child welfare services annually.  The new child welfare act entered into force in 2023, and children were provided with additional rights, including speaking to child welfare authorities without parental consent.  The new participation regulation came into force in 2024 and clarified the duty of the child welfare services to provide child participation in cases.  Norway was working to improve the system, including through evaluating the new rules, developing more child friendly processes, and ensuring access to qualified legal representation to children, among other measures.   

    Norway had been working hard on foster homes; nine out of 10 children living in alternative care lived in foster homes.  Several measures had been launched to improve the situation of foster parents, including for them to be given clearer decision-making authority.  Children who had lived in a foster home for at least two years could be proposed a permanent residence in the home, if the aim of reunification had been abandoned.  The State was currently investing in models for foster homes for siblings. 

    The responsibility of the treatment and follow-up of intersex children was assigned to two hospitals, and necessary medical treatment was initiated when relevant. Treatment practices in Norway were aligned with the rest of the Nordic countries.    Norway did not collect any data or statistics based on the ethnicity of the population.  The Government was strengthening and renewing its efforts to combat hate and discrimination based on ethnicity and religion, and had delivered four action plans, including against anti-Semitism and anti-Muslim racism and hate speech, as well as discrimination against the Sami.  A study showed that a high number of children with ethnic backgrounds had experienced racism. 

    The kindergarten act and education act stated that children had the right to an education free from discrimination.  The new education act introduced a broader scope for exercising force and restraint. Employees could now intervene against pupils when necessary.  Norway shared the Committee’s concerns and had tried to state explicitly in the provision that this was a last resort, with strict measures for physical restriction to take place.   

    Several guidelines had been produced by the immigration service and the appeals board on how to hear children in the case-handling process.   

    Questions by Committee Experts

    THUWAYBA AL BARWANI, Committee Vice-Chair and Taskforce Member, acknowledged the hard work Norway had put into the strategy of equality for persons with disabilities 2020 to 2030.  How had the strategy helped mitigate the discrimination of vulnerable children? What interventions were envisaged to address access to services for children with disabilities to ensure their rights were upheld?  The Committee had heard reports of abuse of children with psychosocial disabilities, particularly girls.  What measures had been taken to address this problem?  To what extent did these children know their rights?  Was the State party making efforts to give them opportunities to be heard and their views taken into account? 

    There had been violations found in 76 per cent of respite homes; how was the Government planning to regulate these homes?  Were there efforts to reduce and phase out these institutions and replace them with more community-based care? 

    Norway had excellent data but when it came to disability, there was no disaggregated data to better understand the situation of children with disabilities in the country. How many of these children lived with their families?  How many lived in residential care?  How many were receiving support services?  What awareness raising campaigns were in place to remove stigma and educate about disability? 

    What measures were in place to provide quality psychological care for children with mental health disabilities in all municipalities?   

    The Committee had received reports that children without resident permits could not be seen by a general practitioner, and could only receive emergency health care, which was of concern.  Was the Government planning to change this practice?  The Committee welcomed Norway’s commitment to protect intersex children from violence; however, it was concerned that unnecessary irreversible surgeries had been performed on intersex children without their informed consent.  Was this the case?  Had data been collected on these practices?  Had there been redress for these children?  How was the Government planning to protect children from these practices?  What measures did the Government have to combat family poverty?  What additional measures were in place to improve the living conditions of children in municipal housing? 

    FAITH MARSHALL HARRIS, Committee Expert and Taskforce Member, said Norway had been the envy of the world in terms of the environment and had an incredible record. Why was the State now granting more licenses for gas and extraction and exports?  The Committee was concerned about this change of direction.  Why was the State turning its back on the commitments made in the Paris Agreement?  Why was Norway undermining its incredible heritage in this direction?  Given the fact that this was so important to the lives of children, was there a mechanism in place for consulting them on these major decisions?

    Children with disabilities in Svalbard could not receive special education and had to move with their parents to the mainland; could more information be provided on this? The use of force by teachers in the classroom against disruptive pupils was concerning and seemed to escalate violence. Instead of teachers being trained to de-escalate violence, they were given the power to use more force than police officers.  It seemed that the Government had responded in a knee-jerk reaction to media pressure; however, the situation was more about training teachers to deal with these situations in a non-violent way.  Norway was encouraged to rethink this approach. 

    Could Norway provide more information about programmes and strategies for the Sami people?  Had Norway developed a national referral mechanism for trafficking?  Was legal representation available to children from the very start of an investigation?  How were children who had come out of warzones being rehabilitated? 

    BRAGI GUDBRANDSSON, Committee Expert and Taskforce Member, asked what services children with challenging behaviours were entitled to by law? 

    MARY BELOFF, Committee Vice-Chair and Taskforce Member, asked how children were heard in cases where the State legally granted a sex change?  Had a legal definition of statelessness been adopted? What mechanisms existed to protect children who had been exposed on the internet?  Did children deprived of liberty receive information on their rights?

    A Committee Expert said Norway did not participate in the ministerial conference on ending violence against children; was there a specific reason for this? 

    Another Expert asked about the Norwegian children’s act.  When would this be finished?  How much were children involved in that act? 

    An Expert asked what was being done to prevent violence against children, including risks in the digital environment?  How was the birth declaration of refugee or stateless individuals conducted?  What was being done to support those parents?

    Responses by the Delegation

    The delegation said children’s rights would always be work in progress; it was important to evolve and improve.  Children in Norway were among the highest users of screens, social media and digital technology globally.  How could the State protect them in their everyday life?  This was a difficult problem to solve. 

    The work with the Core Group for Vulnerable Children and Youth started in 2021.  There was a need for a better cross-sectoral collaboration to ensure children, youth and their families received the necessary support and follow-up.  The Core Group was comprised of representatives from seven ministries. Last year, the Core Group was evaluated, with conclusions finding that it was well established.  The Core Group did not consult children directly in its work. 

    To combat complex forms of discrimination, it was important to apply a cross-sectional approach when developing legislation.  The action plan to combat hate speech and discrimination against the Sami was launched in January this year, and included 32 measures under headings such as dialogue, democracy, safety and security, among others.  Many valuable inputs from those concerned had been received, including from young people, as well as the Sami Parliament, which was actively involved in the development of the plan.

    The Norwegian strategy for equality for all ran until 2030, with an important competence to increase the visibility of the Convention on the Rights of Persons with Disabilities in all municipalities.  In 2025, the Government allocated 280 million kroner for grants for persons with disabilities.  Norway could not definitively say how many persons with disabilities were living in the country.  A recent report by Statistic Norway focused on the different definitions of disability, which would hopefully assist the State in the future.

    Every year, the Government submitted a forward-looking white paper to the Sami Parliament.  The Government aimed to get more qualified teachers in Sami schools and kindergartens.  The lack of Sami language competence was the biggest challenge to provide good services to the Sami population.  The Government had financed a school programme to assist students with a Roma background to complete primary and secondary education.  The unique framework of the Svalbard community determined what services could be provided.  It was not possible to ensure all needs could be met in the archipelago as on the mainland, including the educational offering, particularly special education, which required a tailored, individual approach.  Any additional needs needed to be met on the mainland. 

    The education act and the private school act that clarified employees to use physical interventions, included an obligation to prevent physical intervention from occurring. The Government and municipalities focused on the competence of the staff to put pre-emptive measures in place so that physical interventions were a last resort and only used when necessary. Schools should have an environment where all students thrived and benefited from education, including those who exhibited disruptive behaviours.  The solutions for these students needed to be adapted to each individual pupil.  This year, the Norwegian Government had allocated money to municipalities to address these issues.   

    Minors who came to Norway alone were a particularly vulnerable group and given high priority. In 2022, an independent evaluation of minors in asylum reception centres was conducted to ensure they received the necessary care, and violations were detected in several centres.  In 2025, the Government increased the funding of independent supervision and funding in several reception centres.  Norway worked systematically to improve the care provided to children in reception centres.  It was mandatory for reception centres to have routines in place to handle violence against children, with staff required to report any violent behaviour to relevant authorities.  The Norwegian Directorate of Immigration had instructed follow-up procedures for minor asylum seekers who may be victims of human trafficking, violence or child marriage. The Directorate of Immigration had developed specific action cards for the reception centres, for each of these specific issues.

    The Directorate of Immigration required that cooperation resident councils were established within asylum centres to ensure residents could express their views on the operation of the centre.  When applying for protection, all unaccompanied asylum-seeking minors were offered an asylum interview, either in person or online.  Clear child-friendly guidelines had been prepared on interviewing children which needed to be followed by police units.  The Immigration Appeal Board heard children orally if deemed necessary.  It was rare for children to be involved in the Board meetings.  Child hearings were conducted orally by the local police in Norway. The police had received guidance on how to hear children in a child-friendly manner. 

    A person charged with a criminal offence who was under the age of 18 at the time of the offense would only be sentenced to preventive detention in extraordinary circumstances. Unfortunately, there were cases where the court had found there were no alternative ways to safeguard public security. In light of the recommendation from the Committee, the Norwegian Government was monitoring this situation. 

    Human trafficking was a grave violation of human rights and a crime with serious consequences. The level of trafficking was low in Norway.  The Government had decided to release a strategy on trafficking in human beings which would be presented in 2025.  Training to detect victims of torture and trafficking was of utmost importance; a national guideline was published in this regard in 2023.  There were several provisions in the criminal procedure act which granted the right to a publicly appointed defence council, which was an unconditional right if the individual was a minor at the time of the offence. 

    More than 89 per cent of children in Norway participated in kindergartens.  The Government’s strategy to 2030 aimed to ensure all children could participate in high quality kindergartens, regardless of where they lived and their financial situation.  The Government had taken steps in 2024 to reduce the price of kindergarten places, significantly lowering barriers for families to enrol their children in kindergartens.  Children of minority backgrounds had lower levels of enrolment.  Children in asylum reception centres were not entitled to a place in kindergarten, but grants were provided to assist them in this regard. 

    Municipalities were strengthening formal competence in education.  School absenteeism could have many different courses and the severity of cases varied.  Absenteeism early in the school year could have significant consequences for pupils. The Government was strengthening efforts to prevent students from developing school absenteeism.

    The Convention on the Rights of Persons with Disabilities’ project was an important measure to ensure the Convention was implemented throughout the whole country. A guide had been created to help the municipalities understand and implement the Convention, and films and other materials had been made to increase the understanding of using the Convention in practice. 

    Children and young people would have to live with the climate, and the decisions made today would affect their future.  It was crucial to limit the global temperature increase to 1.5 degrees Celsius. Norway was contributing to this effort by striving to complete its own climate goals and it collaborated with the European Union in this regard.  The Government involved children and young people in the development of the climate policy.  An agreement had been reached which safeguarded the rights of reindeer herders. The State had taken a responsibility to ensure that reindeer herders could utilise additional land for winter grazing.  Following the full-scale invasion of Ukraine, the supply of gas from Norway to Europe had helped free Europe from Russian gas.

    Questions by Committee Experts

    FAITH MARSHALL HARRIS, Committee Expert and Taskforce Member, congratulated Norway on the outcome for the reindeer herders.  The issues of violence and bullying in schools was an increasing worldwide phenomenon which had reached even Norway.  Did Norway consider that the socialisation in schools needed to increase?  What would be done about this?  Was the issue of displacement among indigenous peoples being addressed?  Was their free, prior and informed consent being obtained for development activities? 

    A Committee Expert asked if the Immigration Appeals Board had an administrative and judicial competency?  What kind of appeals did it hear?  Were there age assessment appeals before this Board?  How was the right of children to be heard guaranteed if the Board did not hear children directly?  Did the Board hear appeals from detention conditions?  Was there mandatory reporting with regards to the best interest of the child?  Did permanency only apply to children in residential care or those in all care settings?

    Another Expert said developing countries were most vulnerable to the impact of greenhouse gases. What was Norway doing for those countries? 

    A Committee Expert asked if children in Norway had been consulted regarding the ratification of the third Optional Protocol?  Norway should be commended regarding its commitment to the landmine treaty, as landmines were some of the worst arms affecting children.  Did the State plan to take a stronger stance?

    Another Committee Expert asked if there were positive parenting programmes in place in Norway? How was artificial intelligence used in Norway and how did the State protect children from its threats? 

    MARY BELOFF, Committee Vice-Chair and Taskforce Member, asked why Norway did not feel the need to have a differentiated response between the ages of 15 to 18? 

    Responses by the Delegation

    The delegation said three quarters of the country’s child and adolescent mental health services had implemented cognitive behaviour therapies to address trauma.  The Norwegian Board of Health Supervision conducted nationwide inspections of children in respite homes between 2022 and 2023, and had provided several recommendations, with follow-up measures now initiated.  Since 1991, Norway had implemented a reform for the care of people with developmental disabilities, with the goal to phase out institutional care.  Data showed that almost 20,000 children had received one or more municipal care services. 

    Children with disabilities should be treated equally and protected against discrimination. The Ombudsman for Children played an important role in raising awareness about children’s rights.  Illegal substance use among children and young people in Norway was relatively low.  However, there had been a concerning increase in cocaine use among young men and boys.  The Government was particularly focused on preventing substance use among children and young people.  Most children and young people in Norway reported a good quality of life and satisfaction; however, there had been an increase of poor self-mental health diagnosis among young people in Norway, particularly after the COVID-19 pandemic. The Government aimed to ensure that everyone had access to good quality, low-threshold mental health services, and municipal capacities had been developed in this regard.

    Combatting violence against children was a high priority for the Norwegian Government and a national action plan had been developed.  A whitepaper on safe digital upbringing would soon be submitted to Parliament.  The development of social media was being debated, and Norway was assessing an age limit for social media services.  Most social media services were not developed with children’s wellbeing in mind. Children of any age could refuse a parent sharing videos or photos of them on social media.

    In cases of separation, parents should have shared daily authority as a general rule, to safeguard the child’s right to family life and reduce conflict.  Norway had a free and low threshold counselling service for families to prevent disputes.  The Norwegian Directorate of Children and Youth offered a wealth of online resources for parents to help them navigate different aspects of parenting. 

    The Government had proposed legislative amendments to ensure foster parents could be given direct authority to make decisions on behalf of the child.  Foster parents were given the right to appeal the decision to move a child.  The child welfare act regulated follow-up between parents and monitored the child’s development. 

    Children could be placed in child welfare institutions if they had serious behavioural problems; this was the case for approximately 20 per cent of children residing in these institutions.  The State had a duty to ensure these children received the necessary care and help required. 

    Norway’s housing allowance had been strengthened in 2024 and 2025 to help those struggling in the housing market.  The Government had strengthened the grants scheme for the inclusion of children and youth. Policies targeted newly arrived refugees and immigrants who had lived in Norway for years, to increase their access to the labour market.   

    The Government had initiated a series of measures to improve the school environment and was further strengthening this effort.  Studies showed that pupils who did not use their phones in school hours experienced less bullying, and for this reason there was a directive for schools to keep school-hours mobile free.  Schools and kindergartens had an obligation to act if a child was experiencing bullying.

    An age assessment was considered during the asylum decision.  It was not the case that the Immigration Appeal Board never heard the child. When it was assessed that the case was sufficiently informed, the Board could decide on the case without a hearing. Usually, it was assessed that the case was sufficiently informed, as the child had previously been heard through an asylum-seeking interview.  The detention of children was only used to carry out an immediate pending return. Minors above 16 years old could be granted a resident permit if they reached the age of 18.  This was important to reduce the number of asylum-seeking minors embarking on dangerous journeys to Norway and Europe.  There were special penal sentences in place for juvenile offenders.

    Norway regretted the decision of some countries to withdraw from the mine ban treaty and had no plans to withdraw. 

    Gender affirming treatment was not provided to intersex children based on this diagnosis alone; it was only after a diagnosis of gender dysmorphia where treatment could be received, following years of monitoring.  Surgeries were not performed on the psychosocial indications of intersex children.  The last time this occurred was several decades ago. 

    When giving birth in Norway, most births took place in a hospital, where the birth was then registered.  If the birth took place at home without a doctor or midwife present, it was up to the mother to report the birth within one month. 

    Closing Remarks

    BRAGI GUDBRANDSSON, Committee Expert and Taskforce Member, appreciated the rich, comprehensive information shared by the delegation.  It was clear Norway was on an exciting journey in revisiting the fundamental principles of the Convention, which was reflected in the new legislation, guidelines and action plans; the Committee was very impressed and appreciated these efforts.  The proposal to expand the use of force in schools and residential care was of concern to the Committee and it was hoped this would be carefully considered before being enacted. 

    LENE VÅGSLID, Minister of Children and Families of Norway and head of the delegation, thanked the Committee for the important questions and the dialogue.  Norway had seen a rise in the exclusion of children which it wished to turn around.  The proposed children’s act aimed to secure the child’s right to family life, provided it was in their best interest.  Norway aimed to highlight that all sectors were working towards the best possible outcomes for children.  Norway looked forward to receiving the Committee’s concluding observations.

    SOPIO KILADZE, Committee Chair, thanked Norway for the dialogue and for acknowledging the challenges faced by the country.  The concluding observations would contain recommendations to make Norway a better place for children.  Ms. Kiladze extended warm regards on behalf of the Committee to the children of Norway.

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

    CRC25.010E

    MIL OSI United Nations News –

    May 14, 2025
  • MIL-OSI Video: Peacekeeping, Palestine & other topics – Daily Press Briefing (13 May 2025) | United Nations

    Source: United Nations (Video News)

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

    Highlights:
    Secretary-General/UN Peacekeeping
    Occupied Palestinian Territory
    Sudan
    South Sudan
    Libya
    UN Women
    Financial Contribution

    SECRETARY-GENERAL/UN PEACEKEEPING
    Earlier today, the Secretary-General spoke at the Opening Ceremony of the UN Peacekeeping Ministerial Meeting taking place in Berlin. He reasserted that in trouble spots around the world, our Blue Helmets can mean the difference between life and death, adding that they are a clear demonstration of the power of multilateral action to maintain, to achieve and to sustain peace.
    Mr. Guterres spoke about the challenges that we are now facing, including having the highest number of conflicts since the foundation of this organization. On top of that, we face dramatic financial constraints across the board.
    During his speech, and in honour of the 4,400 peacekeepers who have died in the line of duty since the start of UN Peacekeeping, Mr. Guterres asked the attendees of the meeting to join him in a moment of silence.
    Also, in Berlin, the Secretary-General met separately with Germany’s Ministers of Foreign Affairs – Johann Wadephul – as well as the Minister of Defence, Boris Pistorius. Among other topics, they discussed the importance of Germany’s role in peacekeeping. And I just to flag, as a sign of the importance of this meeting, we have more than 130 delegations in Berlin at this Peacekeeping conference.
    On the sidelines of the Ministerial Meeting, the Secretary-General also held bilateral meetings with Ministers and officials of other countries, including Italy, Finland and China.
    He is ending the day with a visit to an exhibit on UN Peacekeeping in action which has been held at the German Ministry of Defense in Berlin. The event features display on mine action, women in peacekeeping, renewable energy and the United Nations Police.
    Tomorrow, he will meet with Friedrich Merz, the Federal Chancellor of Germany, and he will also have a couple of press engagements.

    OCCUPIED PALESTINIAN TERRITORY  
    The Office for the Coordination of Humanitarian Affairs (OCHA) warns that no aid or commercial supplies have entered Gaza now for more than 70 days. The ongoing, full-scale blockade of the Strip is taking a disastrous toll on the population.  
    Meanwhile, hospitals continue to come under attack. Today, in Khan Younis, Israeli forces hit the surgical department of Nasser Medical Complex, and several casualties were reported. The complex is one of only eight public hospitals that are still partially operating across Gaza.  
    Following the attack, the Deputy Humanitarian Coordinator for Gaza, Suzanna Tkalec – together with an OCHA team – visited the hospital, where she spoke with staff and a team of international doctors that are there. She said she was appalled by yet another attack on this hospital, which is the fourth since the beginning of this conflict.
    Ms. Tkalec stressed that these attacks are unacceptable and must stop, adding that healthcare facilities and those serving them must always be protected.  
    UN humanitarian partners on the ground report that only five hospitals across the Gaza Strip are still providing maternity care. Midwives lack medical supplies, they lack equipment, with our partners reporting that some 17,000 pregnant and breastfeeding mothers are suffering from malnutrition and need urgent support.  
    OCHA reports that the Israeli authorities continue to deny and impede attempts by humanitarians to carry out critical missions in Gaza. Today, out of 11 requests by the United Nations for coordinated humanitarian movements, five were denied outright, including one planned mission to retrieve fuel from Rafah to supply hospitals, ambulances and water, sanitation and hygiene facilities. The other six missions, which included the rotation of staff, were facilitated.
    With both supplies and time running out, OCHA says that principled humanitarian assistance and other essential supplies must be allowed into Gaza to save lives – and humanitarians’ work to reach people across the Strip must be facilitated. Israel, as the occupying power, must abide by international humanitarian law and facilitate aid for people in need, wherever they are.  
    And at 3:00 p.m. this afternoon, the Security Council will hold an open meeting on Gaza. Tom Fletcher, the Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, will brief.

    Full Highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=13%20May%202025

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

    MIL OSI Video –

    May 14, 2025
  • MIL-OSI Russia: Chairman of the NPC Standing Committee meets with Zimbabwe National Assembly Speaker

    Translation. Region: Russian Federal

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

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

    BEIJING, May 13 (Xinhua) — Zhao Leji, chairman of the Standing Committee of the National People’s Congress (NPC), met with Jacob Mudenda, speaker of the National Assembly (lower house of parliament) of Zimbabwe, in Beijing on Tuesday.

    Zhao Leji noted that over the 45 years since the establishment of diplomatic relations between China and Zimbabwe, the two countries have always maintained mutual trust and support for each other, and bilateral relations have successfully stood the test of time and changes in the international situation.

    The NPC Standing Committee Chairman recalled that last year, the two heads of state held in-depth friendly exchanges in Beijing and reached an important consensus, outlining a new plan for the development of interstate relations and mutually beneficial cooperation. According to Zhao Leji, China is willing to work with Zimbabwe to implement the consensus reached by the two leaders and jointly build a high-level China-Zimbabwe community with a shared future.

    He stressed that China stands ready to make joint efforts with Zimbabwe to maintain and develop high-level political mutual trust, continue to provide firm mutual support on issues concerning each other’s core interests, strengthen the synergy of development strategies and enhance international cooperation.

    The NPC is willing to expand friendly exchanges at all levels with the Zimbabwean parliament and carry out exchanges and mutual learning on issues such as lawmaking, supervision, improving people’s livelihood, social governance and combating cross-border crime, so as to create a favorable legal environment for practical bilateral cooperation, Zhao Leji added.

    J. Mudenda, for his part, noted that under the leadership of the two leaders, the Zimbabwe-China comprehensive strategic partnership of cooperation has been continuously deepened. Zimbabwe, he continued, firmly adheres to the one-China principle and is grateful to the Chinese government and people for their long-term and valuable support. According to him, Zimbabwe hopes to expand practical cooperation with China in such areas as trade, energy, agriculture, artificial intelligence and cultural and people-to-people exchanges.

    The Zimbabwe National Assembly is willing to expand friendly exchanges with the NPC and exchange views on issues such as promoting socio-economic development through lawmaking so as to make legislative contributions to building a high-level Zimbabwe-China community with a shared future, Mudenda added. –0–

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Peng Liyuan, Brazil’s First Lady Visit National Centre for the Performing Arts in Beijing

    Translation. Region: Russian Federal

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

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

    BEIJING, May 13 (Xinhua) — Peng Liyuan, wife of Chinese President Xi Jinping, and Rosangela Lula da Silva, wife of Brazilian President Luiz Inacio Lula da Silva, visited the National Center for the Performing Arts (NCPA) in Beijing on Tuesday.

    R. Lula da Silva accompanies the Brazilian leader during his state visit to China.

    Peng Liyuan and the Brazilian First Lady toured the interior architecture of the NCCA, visited the exhibition of the center’s artistic achievements entitled “Stage of Enduring Glory”, and learned about the NCCA’s activities in promoting international cultural exchanges and popularizing the arts. After the tour, Peng Liyuan invited R. Lula da Silva to enjoy excerpts from classical Chinese operas and a choral performance of Chinese and Brazilian songs.

    Stressing that both China and Brazil are cultural powers, Peng Liyuan drew attention to the intensification of bilateral cultural and humanitarian exchanges in recent years and the deepening mutual understanding and friendship between the peoples of the two countries. The spouse of the Chinese leader expressed hope that the parties will maintain this positive momentum and promote further rapprochement between the two peoples.

    R. Lula da Silva, for her part, expressed her heartfelt gratitude to Peng Liyuan for her hospitality and admired the brilliant performance of the singers. She praised China’s achievements in development and its magnificent culture, expressing her intention to actively promote cultural and humanitarian exchanges between the two countries and make new contributions to deepening the friendship between Brazil and China. –0–

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: Chinese Premier Congratulates M. Carney on Taking Office as Prime Minister of Canada

    Translation. Region: Russian Federal

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

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

    BEIJING, May 13 (Xinhua) — Chinese Premier Li Qiang on Tuesday sent a message to Mark Carney, congratulating him on his assumption of office as prime minister of Canada.

    Noting that China attaches great importance to its relations with Canada, Li Qiang stressed that he hopes to join hands with M. Carney to take advantage of the 55th anniversary of the establishment of diplomatic relations and the 20th anniversary of the establishment of strategic partnership to push China-Canada ties in the right direction of improvement and development on an equal and mutually respectful basis, to the benefit of both countries and their peoples. –0–

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Costa Rica

    Source: IMF – News in Russian

    May 13, 2025

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Costa Rica on May 12, 2025. [1]

    Costa Rica has achieved remarkable economic progress due to its very strong fundamentals, policies, and policy frameworks. GDP growth has averaged above 5 percent per year since 2021, inflation is rising toward the Banco Central de Costa Rica’s (BCCR) target of 3 percent, public debt has fallen steadily to below 60 percent of GDP, international reserves are at comfortable levels, and systemic financial stability risks are contained.

    Such factors are expected to support robust growth going forward notwithstanding external headwinds. This year, growth is expected to moderate to around potential (3½ percent) and the current account deficit is expected to increase slightly to 1.8 percent of GDP, while the primary surplus is expected to rise to 1¼ percent of GDP as fiscal consolidation continues. Inflation is expected to return to the BCCR’s target in 2026.

    Risks to the growth outlook have tilted to the downside while those for inflation are balanced. Weaker external demand, tighter global financial conditions, and increased policy uncertainty could reduce Costa Rica’s exports, foreign direct investment (FDI) inflows, and economic activity, but the country’s strategic location, high-value exports and economic diversification could drive continued strong growth momentum. Upside risks to inflation include strong credit growth and supply-side disruptions, but there are also downside risks, especially if inflation expectations soften.

    Executive Board Assessment[2]

    Executive Directors commended Costa Rica’s remarkable economic progress based on its very strong fundamentals, policies, and policy frameworks. Directors welcomed the authorities’ very strong implementation of macroeconomic policies, wide‑ranging reforms in the process of becoming an OECD member, the successful completion of IMF‑supported programs, and a strategic focus on exports and economic diversification. They praised the authorities’ commitment to continued prudent policies and structural reforms to maintain resilience amid heightened external uncertainty.

    Directors welcomed the sustained decline of public debt. They stressed that the medium‑term fiscal consolidation is appropriately paced but will require spending to be kept below the ceiling permitted by the fiscal rule. Directors concurred that tax reforms should aim to increase equity, efficiency, and the revenue‑to‑GDP ratio. They stressed the importance of full implementation of the public employment law by all public institutions without delay. The disputed claim by the social security system should also be resolved comprehensively, including by clarifying the central government budget’s responsibility, coupled with improvements in the registries of beneficiaries and the system’s governance and accountability. Directors also supported reforms to debt management to increase flexibility in issuing external debt.

    Directors commended BCCR’s forward‑looking data‑dependent approach to monetary policy, which has proven effective. They concurred that there is scope to cut the policy rate if the convergence of inflation to the BCCR’s target weakens in the coming months. They also underscored the importance of passing legislation to further improve the BCCR’s governance, transparency, and accountability, and to institutionalize its de facto autonomy. Directors recommended that the exchange rate should be allowed to flexibly adjust to market conditions, limiting foreign exchange intervention to addressing market volatility.

    Directors stressed that indicators of financial soundness remain comfortable, yet the resolution of small non‑bank financial institutions last year highlights the importance of a very strong supervisory and crisis management framework. They underscored the importance of passing the proposed amendments to the bank resolution and deposit insurance law. Directors also called for close monitoring of risks related to the rise in FX lending.

    Directors welcomed the authorities’ efforts to advance supply‑side reforms to help sustain Costa Rica’s impressive economic performance. Reducing skills mismatches, enhancing infrastructure quality, and implementing legislation on public‑private partnerships would further strengthen potential growth. Better integrating climate considerations into public investment decisions will make infrastructure more resilient against natural disasters.


    Costa Rica: Selected Economic Indicators

    Projections

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    Output and Prices

    (Annual percentage change)

    Real GDP

    4.6

    5.1

    4.3

    3.4

    3.4

    3.5

    3.5

    GDP deflator

    6.3

    -0.1

    0.0

    3.0

    3.2

    3.2

    3.2

    Consumer prices (period average)

    8.3

    0.5

    -0.4

    2.2

    3.0

    3.0

    3.0

    Savings and Investment

    (In percent of GDP, unless otherwise indicated)

    Gross domestic saving

    14.4

    13.8

    14.3

    13.8

    13.5

    14.1

    14.4

    Gross domestic investment

    17.7

    15.3

    15.7

    15.6

    15.4

    15.7

    16.0

    External Sector

    Current account balance

    -3.3

    -1.4

    -1.4

    -1.8

    -1.9

    -1.6

    -1.5

    Trade balance

    -6.7

    -3.7

    -2.6

    -3.4

    -4.0

    -3.7

    -3.9

    Financial account balance

    -1.9

    -0.7

    -0.8

    -1.8

    -1.9

    -1.6

    -1.5

    Foreign direct investment, net

    -4.4

    -4.3

    -4.5

    -4.1

    -4.0

    -4.1

    -4.3

    Gross international reserves (millions of U.S. dollars)

    8,724

    13,261

    14,181

    14,932

    15,792

    16,485

    17,301

    External debt

    50.7

    43.3

    42.0

    42.1

    43.3

    44.0

    44.4

    Public Finances

    Central government primary balance

    2.1

    1.6

    1.1

    1.3

    1.5

    1.6

    1.6

    Central government overall balance

    -2.8

    -3.3

    -3.8

    -3.2

    -2.8

    -2.5

    -2.3

    Central government debt

    63.0

    61.1

    59.8

    59.7

    59.0

    57.9

    56.7

    Money and Credit

    Credit to the private sector (percent change)

    3.3

    1.9

    6.2

    6.4

    6.5

    6.6

    6.6

    Monetary base 1

    8.0

    7.9

    8.3

    8.3

    8.3

    8.2

    8.2

    Broad money

    47.5

    47.4

    51.3

    50.5

    50.9

    51.5

    52.3

    Memorandum Items

    Nominal GDP (billions of colones)

    44,810

    47,059

    49,116

    52,307

    55,830

    59,647

    63,720

    Output gap (as percent of potential GDP)

    -0.3

    1.0

    0.6

    0.4

    0.2

    0.1

    0.0

    GDP per capita (US$)

    13,240

    16,390

    17,909

    19,095

    20,036

    21,057

    22,138

    Unemployment rate

    11.7

    7.3

    6.9

    7.5

    8.0

    8.5

    8.5

    Sources: Central Bank of Costa Rica, and Fund staff estimates.

    1 Includes currency issued and required domestic reserves.



    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board .

    [2] At the conclusion of the discussion, the Managing Director, as Chair of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm .

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Meera Louis

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/05/13/pr25142-costa-rica-imf-executive-board-concludes-2025-article-iv-consultation

    MIL OSI

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI Russia: IMF Staff Completes 2025 Post-Financing Assessment Mission to Angola

    Source: IMF – News in Russian

    May 13, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. 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’s Executive Board for discussion and decision.

    • Angola’s economic growth for 2024 was strong, but the outlook has deteriorated posing risks.
    • Staff and authorities had a productive engagement on managing emerging risks and identifying mitigation measures.
    • Angola’s Post-Financing Assessment is expected to be discussed at the Executive Board of the International Monetary Fund (IMF) in July 2025.

    Luanda, Angola: An IMF team lead by Ms. Mika Saito visited Luanda between May 6-12 to conduct Angola’s 2025 post-financing assessment (PFA).[1] Angola’s economy experienced a robust recovery in 2024 driven both by stronger oil production and a rebound in the non-oil sector. Real GDP growth reached 4.4 percent, surpassing earlier projections. While inflation remains elevated, inflationary pressures also eased somewhat in the first few months of 2025. The outlook has, however, deteriorated significantly compared to the 2024 Article IV consultation, reflecting a fall in oil prices and tighter external financing conditions. As a result, the preliminary growth projection for 2025 has been revised down to 2.4 percent from 3 percent in the 2024 Article IV consultation, while inflation is expected to continue its gradual decline. This downward revision to the outlook also poses risks to fiscal performance. Staff was reassured by authorities’ strong resolve in containing emerging risks and in identifying mitigating measures critical to preserve macroeconomic stability and debt sustainability, while protecting the most vulnerable and growth momentum. The IMF team thanks the authorities for their productive engagement and hospitality. Angola’s 2025 PFA is expected to be discussed at the IMF Executive Board in July 2025.

    [1] A Post Financing Assessment (PFA)1 is expected for countries with outstanding credit above the absolute or quota-based thresholds that do not have an IMF-supported program or a staff-monitored program. It reports on the member’s policies, the consistency of the macroeconomic framework with the objective of medium-term viability and the implications for the member’s capacity to repay the Fund.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Tatiana Mossot

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission

    MIL OSI

    MIL OSI Russia News –

    May 14, 2025
  • MIL-Evening Report: The pay equity puzzle: can we compare effort, skill and risk between different industries?

    Source: The Conversation (Au and NZ) – By Gemma Piercy, Lecturer, Sociology, Social Policy and Criminology, University of Waikato

    Getty Images

    Last week’s move by the government to amend pay equity laws, using parliamentary urgency to rush the reforms through, caught opposition parties and New Zealanders off guard.

    Protests against the Equal Pay Amendment Bill have continued into this week, driven to some extent by disappointment that an apparent political consensus on the issue has broken down.

    In 2017, the National-led government passed a forerunner to the current legislation for the health sector only, the Care and Support Workers (Pay Equity) Settlement Act. Later, in opposition, National also supported the Labour government’s Equal Pay Act in 2018, as well as the Equal Pay Amendment Act in 2020.

    That legislation was designed to extend a pay equity process to all occupations and create a clearer pathway for making pay equity claims. With both major parties seemingly aligned, some 33 pay equity claims were under way.

    Those claims – all halted now – involve the education, health and social services sectors. As such, the government would have to meet the costs of successful claims.

    This explains why one rationale for the law change has been that the claims were potentially too expensive. The other rationale (preferred by Finance Minister Nicola Willis and Workplace Relations Minister Brooke van Velden) is that the existing policy wasn’t sufficiently rigorous in determining the validity of some claims.

    In reality, both the cost and the policy framework allowing equity claims to proceed are interrelated: the more permissive the framework, the higher the potential cost to the government and employers.

    But while equal pay for equal work is the goal, it’s important to understand that equal pay and pay equity are not the same thing.

    Equal pay is about making sure men and women are paid at the same rate in a specific occupation.

    Pay equity, on the other hand, involves a more complex process. It aims to establish pay relativities between famale-dominated industries and other sectors using specific criteria. And herein lies the core of the argument.

    Comparing different work sectors

    According to van Velden, the framework for comparing different kinds of work was too loose, or simply not realistic:

    You have librarians who’ve been comparing themselves to transport engineers. We have admin and clerical staff […] comparing themselves to mechanical engineers. We don’t believe we have that setting right.

    On the surface, this may seem logical. And previous policy advice provided to the government suggests the recent law change will move New Zealand’s framework into line with other countries.

    But using a proxy method of comparison between types of work in different industries or sectors remains central to any pay equity claim.

    That’s because pay equity seeks to make visible and fix the deep, structural inequalities that have historically seen women’s work undervalued compared to men’s work. It’s about ensuring jobs that are different but of equal value are paid similarly, as a way to achieve gender equality.

    Women’s employment is still concentrated in lower-paying industries and occupations, so comparisons have to be made with other sectors.

    The factors used to measure that relativity are known as “comparators”. Rather than using tools developed and tested under the previous legislation, the new system will introduce “a hierarchy of comparators”, with a preference for comparators to be chosen within the same industry or occupation making the pay equity claim.

    Comparators are selected to help compare the nature of different kinds of work in male-dominated and female-dominated industries. This is based on an assessment of skills, experience and qualifications, level of responsibilities, types of working conditions and degree of effort.

    The assessment is completed through in-depth interviews with workers in comparison occupations. It uses resources such as Employment New Zealand’s skills recognition tool to evaluate the validity of those comparators.

    Different kinds of cost

    The subjective nature of valuing different kinds of work is part of the problem, of course. But New Zealand research shows only part of the gender pay gap can be attributed to objectively measurable pay differences within specific industries. Pay equity is about addressing both the objective and subjective elements contributing to that gap.

    We’ll need to carefully monitor the new system to see whether its narrower comparator requirements affect its capacity to close the gender pay gap.

    Treasury’s concerns also need to be considered. The former budget allocation of NZ$17 billion over four years suggests the costs of settling pay equity claims may be considerable.

    On the other hand, they may be bearable. Last year in the United Kingdom, for example, Birmingham City Council was effectively bankrupt and feared pay equity claims might be a final straw. In the end, the costs were not as high as initially anticipated.

    Finally, focusing exclusively on reducing fiscal cost risks other costs rising instead. Women who are paid less than they should be will struggle to put food on the table, pay back student loans, get onto the property ladder, contribute to Kiwisaver and afford their retirement.

    Without pay equity, in other words, there is less economic activity in general.

    Gemma Piercy received funding from the Pay Equity Unit (2004-2009), part of the former Department of Labour, now Ministry of Business, Innovation and Employment.

    Bill Cochrane and Suzette Dyer do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. The pay equity puzzle: can we compare effort, skill and risk between different industries? – https://theconversation.com/the-pay-equity-puzzle-can-we-compare-effort-skill-and-risk-between-different-industries-256464

    MIL OSI Analysis – EveningReport.nz –

    May 14, 2025
  • MIL-OSI USA: FEMA to Host Housing Resource Fair May 16- 17 in Valdosta

    Source: US Federal Emergency Management Agency

    Headline: FEMA to Host Housing Resource Fair May 16- 17 in Valdosta

    FEMA to Host Housing Resource Fair May 16- 17 in Valdosta

    FEMA is hosting a Housing Resource Fair from 9 a

    m

    to 5 p

    m

    , Friday May 16 and Saturday May 17, in Valdosta at the following location:Lowndes County Civic Center Building2108 E

    Hill Ave- Bldg

    D Valdosta, GA 31601The Housing Resource Fair will bring together federal, state and local agencies in one place to offer services and resources to families recovering from Hurricane Helene

     The goal of this collaborative effort is to help connect eligible disaster survivors with affordable housing along with valuable information and resources on their road to recovery

    Survivors will get information on available rental properties, the HEARTS Georgia Sheltering Program, and U

    S

    Small Business Administration (SBA) loans

    The Housing Resource Fair is an opportunity for survivors to: Explore affordable housing options and rental assistance programs

    Gain access to resources for displaced individuals and families

    Learn from community partners about educational funding resources

     For FEMA Federal Coordinating Officer Kevin Wallace, the Housing Resource Fair is opportunity to give survivors a one-on-one experience: “We want survivors to know we are here for them and want to see the best outcome, which is moving into safe, sanitary and functioning housing,” he said

     “We will walk them through their options to ensure they are aware of the resources that are available to fit their need

    ”Anyone affected by Tropical Storm Debby or Hurricane Helene, whether they have applied for FEMA assistance or not, is welcome to attend

    jakia

    randolph
    Tue, 05/13/2025 – 12:55

    MIL OSI USA News –

    May 14, 2025
  • MIL-OSI Europe: Written question – Baby formula – E-001812/2025

    Source: European Parliament

    Question for written answer  E-001812/2025
    to the Commission
    Rule 144
    Emmanouil Fragkos (ECR)

    Powdered milk for babies aged 1-3 years is considered a ‘general food’ by the EU. Therefore, there are no EU-wide rules on its composition and the level of protection for babies consuming this product is lower than the high level of protection for infants up to one year of age. The same reference values as for adults apply to the nutrition labelling of baby milk.

    The European Food Safety Authority (EFSA)[1] states that fortified formulas, including baby milk, are a means of providing babies and young children with omega-3 polyunsaturated fatty acids, iron, vitamin D and iodine. Internationally, a Codex Alimentarius standard published in early 2024[2] sets out compositional requirements for the same group of products, including strict criteria on sugar content.

    In view of the above:

    • 1.Will the Commission implement the relevant Codex Alimentarius standard for baby formula in order to prevent unsuitable high-sugar products being placed on the European market?
    • 2.If so, by when and how will it do so?
    • 3.If not, could it explain its reasoning for not complying with the global food safety standard?

    Submitted: 6.5.2025

    • [1] Scientific Opinion on nutrient requirements and dietary intakes of infants and young children in the European Union, 2013: https://www.efsa.europa.eu/en/efsajournal/pub/3408.
    • [2] STANDARD FOR FOLLOW-UP FORMULA FOR OLDER INFANTS AND PRODUCT FOR YOUNG CHILDREN: https://www.fao.org/fao-who-codexalimentarius/sh-proxy/en/?lnk=1&url=https%253A%252F%252Fworkspace.fao.org%252Fsites%252Fcodex%252FStandards%252FCXS%2B156-1987%252FCXS_156e.pdf.
    Last updated: 13 May 2025

    MIL OSI Europe News –

    May 14, 2025
  • MIL-OSI Europe: Written question – Compliance of the ReArm Europe Plan/European Defence Readiness 2030 with international conventions – E-001818/2025

    Source: European Parliament

    Question for written answer  E-001818/2025
    to the Council
    Rule 144
    Lynn Boylan (The Left), Kathleen Funchion (The Left)

    The recently announced ReArm Europe Plan/European Defence Readiness 2030 proposes EUR 800 billion of spending on military equipment. This is a time when certain Member States are withdrawing from the Convention on Cluster Munitions and the 1997 Treaty on the Prohibition of Mines. Cluster munitions are indiscriminate weapons of destruction that have a devastating impact on civilian populations wherever they are used.

    Before agreeing to any funding proposals, will the Council:

    • 1.Ensure that no EU public money is directed to the production, purchase or stockpiling of cluster munitions in violation of the Convention?
    • 2.Ensure that no EU public money is directed towards the purchase of weapons that would violate the 1997 Treaty on the Prohibition of Mines?
    • 3.Consult with organisations supporting survivors of such destroyed weapons or relevant international human rights organisations?

    Submitted: 6.5.2025

    Last updated: 13 May 2025

    MIL OSI Europe News –

    May 14, 2025
  • MIL-OSI Europe: Briefing – Addressing menstrual poverty in the EU – 13-05-2025

    Source: European Parliament

    Menstrual poverty, defined as insufficient access to menstrual hygiene products and facilities, affects an estimated 10 % of the half of the EU population who menstruate, with a higher prevalence among people with a low income, refugees, young people, and people with disabilities. Studies from Belgium, France, Germany, and Spain highlight the economic burden menstruation imposes, particularly on vulnerable persons. The COVID 19 pandemic exacerbated this issue by disrupting supply chains and intensifying financial strains. To address menstrual poverty, the European Union has facilitated access to menstrual hygiene products primarily through fiscal reform. The revision of the EU VAT Directive introduced greater flexibility for Member States to apply reduced or zero VAT rates to female sanitary products, shifting their classification from luxury to essential goods. Practices remain quite divergent, with some Member States, such as Ireland, Cyprus and Malta, adopting a zero rate, while others, such as Hungary, Sweden and Denmark, maintain standard rates. EU funding programmes such as Erasmus+ and ESF+ have indirectly supported menstrual health initiatives through education, social inclusion, and material assistance projects. Partnerships with non-governmental organisations, such as the Red Cross, have helped distribute products to marginalised groups. Likewise, numerous local initiatives in Member States increasingly provide free menstrual products in schools, universities, and public spaces. The European Parliament recognises menstrual poverty as a gender equality issue and calls for greater access to free menstrual products. Members continue to urge Member States and the European Commission to introduce concrete initiatives to combat period poverty.

    MIL OSI Europe News –

    May 14, 2025
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