NewzIntel.com

Category: European Union

  • MIL-OSI Submissions: The Learning Refuge: How women-led community efforts help refugees resettle in Cyprus

    Source: The Conversation – Canada – By Suzan Ilcan, Professor of Sociology & University Research Chair, University of Waterloo

    A grassroots organization in Paphos, Cyprus, is bringing women together to address the needs of refugees in the city. (Shutterstock)

    Since 2015, the Republic of Cyprus (ROC) has seen a steady rise in migrant arrivals and asylum applications, primarily from people from Middle Eastern and African countries like Syria, the Democratic Republic of Congo and Cameroon.

    But many asylum-seekers face significant challenges. Refugees formally in the asylum system are often denied residency permits, which means they face persistent insecurity, poverty and isolation

    These conditions are compounded by restrictive and limited services for asylum-seekers. This deepens the precarity and exclusion refugees face within a political and economic system that treats them more like economic burdens than as human beings with rights who need help.

    In response to these institutional failures, citizens, volunteers and refugees themselves have begun to build grassroots networks of care and solidarity in the ROC and beyond to support refugee communities.

    In 2022 and 2023, we conducted interviews with women volunteers and refugees affiliated with The Learning Refuge, a civil society organization in the city of Paphos in southwest Cyprus that cultivates dialogue and collaboration among these two diverse groups.

    Women-led initiatives

    Many displaced people first arrive on the island of Cyprus through the Turkish Republic of Northern Cyprus (TRNC). However, the absence of a functioning asylum system or international legal protections leaves them in limbo.

    With no viable path to status in the TRNC, most cross the Green Line that bifurcates Cyprus into the ROC, where European Union asylum frameworks exist but remain limited in practice.

    Women-led community-building is often a response to the negative effects of inadequate state support and humanitarian aid for refugees. In Cyprus, this situation leaves many refugees without access to sufficient food, satisfactory health care, accommodation, employment, clothing and language training. In this current environment, refugees are increasingly experiencing insecure and fragile situations, especially women.

    In Cyprus, as in many other countries, a variety of community-building efforts are important responses to limited or restricted state support and humanitarian aid for refugees.

    Women-led efforts offer opportunities to deliver educational activities and establish networks, and to help improve the welfare and social protection of refugee women, however imperfectly.

    These and other similar efforts highlight how women refugees and volunteers can mobilize to foster dialogue and collaboration.

    The Learning Refuge

    Founded in 2015, The Learning Refuge began as community meetings in a city park. The organization then used space from a nearby music venue to conduct support activities, and later, established itself in a dedicated building.

    Organizations like The Learning Refuge emerged to address the limited state support and humanitarian assistance services available to refugees.

    The Learning Refuge cultivates dialogue and collaboration among a diverse group of community volunteers.
    (Suzan Ilcan)

    As Syrian families began arriving in Paphos in 2015, local mothers started working with Syrian children, assisting them with homework, providing skills-training opportunities and language classes.

    The Learning Refuge cultivates dialogue and collaboration among a diverse group of community volunteers, including schoolteachers, artists, musicians, local residents, refugees and other migrants.

    With the aid of 20 volunteers, the loosely organized groups provide women refugees with material support and resources to enhance collective activities, including art and music projects, while also engaging in educational and friendship activities.

    While modest in scale, the organization has formed partnerships with local and international organizations, including Caritas Cyprus, UNHCR-Cyprus and the Cyprus Refugee Council to extend its outreach to various refugee groups.

    The organization has also launched creative initiatives aimed at cultivating additional inclusive civic spaces. One such effort, “Moms and Babies Day,” was developed in response to the rising number of single mothers from Africa arriving on the island. These women often face poverty and isolation, and struggle with language barriers.

    These efforts highlight how grassroots responses — especially those led by women — can offer partial but vital educational and emotional support to refugees struggling to find their footing in a new country.

    Negotiated belonging

    Through participation in The Learning Refuge, refugee women in Paphos engage in a dynamic process of negotiated belonging, navigating challenges like language barriers, gendered isolation, domestic violence and poverty while contributing to broader community-building efforts.

    For example, Maryam, a Syrian woman and mother of three, told us how The Learning Refuge helped her children establish friendships and learn Greek. She also highlighted that it helped her form close ties with volunteers and other Syrian women living in Cyprus, and find paid work in the city.

    The volunteers and women refugees participating in The Learning Refuge’s activities emphasized not only their capacity to develop new forms of belonging and solidarity; they also help reshape communal knowledge and generate supportive spaces for women from various backgrounds.

    Our research shows that women-led community-building is an effective, though short-term, response to insufficient state support and humanitarian aid systems that leave many refugees in precarious situations.

    In varying degrees, these efforts offer women and their families spaces to learn and cultivate new relationships, and foster collective projects and better visions of resettlement and refuge.

    Suzan Ilcan receives funding from the Social Sciences and Humanities Council of Canada.

    Seçil Daǧtaș receives funding from Social Sciences and Humanities Research Council of Canada.

    – ref. The Learning Refuge: How women-led community efforts help refugees resettle in Cyprus – https://theconversation.com/the-learning-refuge-how-women-led-community-efforts-help-refugees-resettle-in-cyprus-252682

    MIL OSI –

  • MIL-OSI Security: Groundbreaking technology boosts Met’s fight against violence towards women and girls

    Source: United Kingdom London Metropolitan Police

    The Metropolitan Police Service has today unveiled a revolutionary new technology – now being rolled out across London – that makes it easier to photograph and visualise bruising on victims of violence, particularly on darker skins.

    A trial of the first-of-its-kind device, known as Project Archway, allows officers to better assess victims’ injuries – a game-changing development in the ongoing fight against violence towards women and girls (VAWG).

    Previously, officers often faced challenges in capturing visible evidence of bruising – particularly on darker skin tones or during early stages of injury. This could limit evidential strength at the charging stage. Now, with Project Archway, this critical gap is being closed

    The innovative handheld device, developed in-house by the Met, uses a technique called cross-polarisation to dramatically enhance the visibility of injuries, particularly bruises that may not appear clearly to the naked eye.

    Crucially, the technology helps to overcome disparities in how bruising appears on different skin tones, ensuring that victims of all backgrounds receive equal chances of obtaining justice.

    This is not just about visibility – it’s about viability in court. Clearer images help investigators build stronger files, support CPS charging decisions, and give courts the visual evidence needed to hold perpetrators accountable.

    The technology is already improving justice outcomes – of 33 uses during a pilot in south London, 45% have resulted in charges, with several others under investigation.

    With this innovation, the Met becomes the only force in the UK to develop and deploy this kind of frontline equipment to strengthen evidence, support victims from the first police contact, and help bring violent perpetrators to justice.

    These results reflect the device’s power to turn what was once anecdotal or unseen into compelling, admissible evidence. It enables frontline officers to gather forensic-grade material within minutes of first contact.

    This cutting-edge technology is the latest milestone in the Met’s comprehensive plan to rebuild trust and bring more VAWG perpetrators to justice, as it publishes its annual progress report.

    Commissioner Sir Mark Rowley said:

    “We have made big strides in protecting women and girls from predatory men – and this new device is a bold symbol of that transformation.

    “Compared to three years ago, our charge rate for offences for violence against women and girls offences has tripled, and we’re going after the most dangerous individuals through our V100 programme. Women in London are better protected, and this is reflected in the trust gap between men and women closing.

    “These improvements are a credit to our people – to their empathy, determination, and courage as they take on these heartrending cases day after day.

    “The Met is leading nationally on innovation that puts victims first. We are the only police service to develop this kind of frontline technology, and we’re already seeing how it strengthens evidence, builds trust, and ensures victims feel seen and heard from the moment they report abuse.”

    Cross-polarisation has long been used by forensic imaging specialists – but Project Archway is the first time it has been integrated into a simple, handheld tool for frontline police officers. The technology eliminates glare on the skin and enhances visual contrast, especially important for identifying bruises on different skin tones and early-stage injuries invisible to the naked eye.

    The device has undergone ethical scrutiny and wide consultation, including input from the Crown Prosecution Service (CPS), Black Police Association, and the Met Ethics Board. Officers were specially trained prior to use and can only use the device with full consent from victims, ensuring it’s an investigative aid, and that the victim remains at the heart of every interaction.

    Today’s announcement comes as the Met publishes its three-year progress report on tackling Violence Against Women and Girls, a comprehensive plan of reform, action, and cultural change across the force.

    In 2024 alone, more than 123,000 VAWG-related crimes were reported to the Met. In response:

    • The Met has more than doubled arrests and charges for rape and serious sexual offences, thanks in part to the national Operation Soteria pilot.
    • Charge rates for rape and sexual violence have improved to 9.9%, demonstrating real change in the way cases are investigated and prosecuted.
    • Over 20,000 officers have been trained in trauma-informed response.
    • The launch of My Met Service, a digital platform for victims to track their case and access support, is giving survivors more transparency and control.
    • The V100 programme, a targeted effort to pursue the most dangerous offenders, has already resulted in over 129 convictions and 154 serious charges, including rape and attempted murder. The V100 list of the most harmful offenders is updated each month. The programme has more than doubled the risk of arrest for the most harmful violence against women and girls suspects compared to before the initiative existed. Around three quarters of those on the V100 stack are accused of rape and multiple sexual assaults, as well as murder.

    To date:

    • A total of 154 people have been charged with 802 offences, including rape, grievous bodily harm (GBH), non-fatal strangulation and attempted murder.
    • 177 arrests have been made for a total of 1724 offences.
    • 127 of those relate to VAWG – 50 for rape, 20 for GBH and 17 for non-fatal strangulation.

    Deputy Assistant Commissioner, Ben Russell, the Met’s Director of Intelligence and V100 lead, said:

    “The level of violence directed at women and girls in London is unacceptable. Project Archway shows how we are innovating to respond to this crisis – not just with more officers, but with better tools, better evidence, and better care. Technology like this can change the outcome of a case, and more importantly, the life of a survivor.”

    The Mayor of London, Sadiq Khan, said:

    “The forensic technology unveiled today is a game-changer it is the first in the country and is already improving justice outcomes for victims of domestic abuse and sexual assault. This cutting-edge technology will be rolled out across London and is the latest milestone in the Met’s action – backed by record funding from City Hall – to rebuild trust and bring more perpetrators to justice.

    “From the Met’s V100 action arresting and convicting perpetrators who pose the greatest risk to women and girls, to strengthened teams of specialist officers and staff working to support victims of domestic abuse, rape and sexual violence – it’s clear the Met’s approach to tackling VAWG is improving. But there is more to do, and I will continue to do everything in my power to ensure that ending violence against women and girls is treated with the utmost urgency both by our police and society as a whole to build a safer London for all.”

    Minister for Safeguarding and Violence against Women and Girls Jess Phillips said:

    “I welcome police forces using every lever at their disposal to support victims from all backgrounds and ensure perpetrators face justice.

    “It’s essential that these crimes are treated with the utmost seriousness. By doing so, we can build communities where people feel safer and deliver on our mission to halve violence against women and girls in a decade.”

    Christabel Yeboah, CEO, HERSANA, said:

    “We welcome innovation like Project Archway and its potential to transform how bruising and injury evidence is documented in cases of violence against women and girls. For the Black survivors we support, whose injuries are too often overlooked or dismissed due to skin tone and systemic bias, this technology presents a critical opportunity to improve both recognition and response.

    “But technology alone cannot fix systems that have long failed survivors. Tools like this must be implemented alongside survivor-led consent protocols, meaningful community consultation, anti-racist practice and robust accountability. Only then can trust begin to be rebuilt and justice truly served.”

    Officers who have used the technology, said:

    “Overall I have found that Archway has proved a fantastic tool that’s convenient, quick and simple to use. Victims themselves have commented about the clarity of injury under archway. I would say it has certainly helped secure more charges.”

    Another officer, added:
    “I think this is a great invention and addition to front line police and would like to see it get to the point where it can either be personal issue or one in every vehicle. The images I was able to capture really highlighted the injuries caused to a young child, the initial pictures of the victim showed reddening and slight bruising but after using the device it showed the true extent of the injuries.”

    The Met will now expand the trial of Project Archway across additional boroughs, custody suites, sexual assault referral centres, and forensic teams. The aim is to determine where the device delivers the greatest value — with the longer-term goal of rolling it out more widely across London.

    The technology is already being explored for post-mortem investigations and other forensic applications, broadening its potential even further.

    As the Met continues to reform its approach to VAWG, Project Archway stands as a clear example of the force’s new direction – one rooted in innovation, equity, and survivor-focused policing.

    MIL Security OSI –

  • MIL-OSI United Nations: Readout of the Secretary-General’s meeting with H.E. Mr. Alar Karis, President of the Republic of Estonia

    Source: United Nations secretary general

    The Secretary-General met with H.E. Mr. Alar Karis, President of the Republic of Estonia, on the margins of the 4th International Conference on Financing for Development held in Sevilla, Spain.  The Secretary-General and the President discussed the war in Ukraine and the situation in the Middle East.

    The Secretary-General commended Estonia’s engagement with the UN to advance the international financing for development agenda.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Security Council Renews Democratic Republic of Congo Sanctions Regime, Unanimously Adopting Resolution 2783 (2025)

    Source: United Nations General Assembly and Security Council

    The Security Council today renewed the sanctions regime concerning the Democratic Republic of the Congo until 1 July 2026 and extended the mandate of the corresponding Group of Experts until 1 August 2026.

    Unanimously adopting resolution 2783 (2025) (to be issued as document S/RES/2783(2025)) under Chapter VII of the Charter of the United Nations, the Council decided to renew measures relating to arms, finances and travel relating to the Democratic Republic of the Congo until 1 July 2026.

    The representative of France, whose delegation submitted the text, thanked all Council members for their engagement and said the sanctions regime and Group of Experts are central tools in combating violence and destabilization in the eastern part of the country.  He noted the 27 June Council meeting, during which Council members marked the signing of a draft peace agreement by the Ministers for Foreign Affairs of the Democratic Republic of the Congo and Rwanda, under the auspice of the United States Government.  “What we are doing shows that improvement in the Great Lakes region can occur,” he said.  “We must do all that we can to support peace and security in the region.”

    The resolution reiterated that the armed and security forces of the Government of the Democratic Republic of the Congo are exempt from the embargo on the supply of military equipment and assistance, as agreed on 2 May 2024, and from any notification procedure, as set out in paragraphs 1 and 2 of the resolution.

    By other terms of the text, the Council decided to extend until 1 August 2026 the mandate of the Group of Experts, as set forth in paragraph 6 of resolution 2360 (2017), and expressed its intention to review the mandate and take appropriate action regarding further extension no later than 1 July 2026.  It also requests the Group of Experts to provide the Council, after discussion with the Committee, a mid-term report no later than 30 December 2025 and a final report not later than 15 June 2026, as well as monthly updates.

    The resolution also recalled the Secretary-General’s commitment that the United Nations will do everything possible to ensure that the perpetrators of the killing of the two members of the Group of Experts and the four Congolese nationals accompanying them are brought to justice and stressed the importance of a follow-up in assisting the Democratic Republic of the Congo with the national investigation, within existing resources.

    The representative of Guyana, President of the Council for June, speaking in her national capacity, noted her delegation’s appreciation to all Council members and the Secretariat staff for their support, which let the Council rally to consensus on several important issues.  She extended her best wishes to the incoming Council President from Pakistan.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: ‘New Dawn’ Rises for Financing Development Progress, Secretary-General Tells Business Forum at International Conference

    Source: United Nations General Assembly and Security Council

    Following are UN Secretary-General António Guterres’ remarks at the opening of the International Business Forum at the Conference on Financial Development, in Sevilla, Spain, today:

    This Forum reflects a fundamental fact.  Development is everyone’s business.  And the private sector is an essential partner in helping countries climb the development ladder and achieve the Sustainable Development Goals.

    Businesses are not just engines of jobs and economic growth. They help propel the innovation, technology and investment that development demands.

    We are here to boost support for initiatives that benefit people and planet.  We meet against the backdrop of an incredibly challenging global environment.  As we gather in Sevilla, trade barriers and macroeconomic risks are rising.  Major aid cuts are making a bad situation even worse.

    Mistrust and geopolitical divisions are blocking effective global solutions.  And the financing gap for the Sustainable Development Goals has ballooned to $4 trillion.

    When the world came together for this conference 10 years ago in Addis Ababa, countries recognized that achieving the Goals was impossible without mobilizing private capital at scale.

    One decade later, we continue to fall short.  Last year, investment in infrastructure in developing countries dropped by 35 per cent — including in key sectors like renewable energy, water and sanitation.

    And foreign direct investment has declined two years in a row, with investment flows largely bypassing Least Developed Countries altogether. We need to create the conditions to change course.  And that begins here in Spain.

    The Sevilla Commitment document includes important steps to get the engine of development revving again:  Through new domestic and global commitments that can channel public and private finance to the areas of greatest need […] By overhauling the world’s approach to debt to make borrowing work in service of sustainable development […] And by reforming the global financial architecture to reflect today’s realities and the urgent needs of developing countries.

    The Sevilla Commitment also puts forward a number of specific actions to unlock private sector investment in sustainable development. This includes steps to strengthen the way we blend public and private capital together to maximize the use of public money in crowding-in private funds.  It includes new approaches to manage currency risk that prevent otherwise promising investment opportunities from securing the capital required.

    And it includes a call to review financial regulations to ensure that risk weightings are well-designed, and help — not hinder — institutional investors from embracing projects in frontier markets.

    These are significant steps, informed by lessons learned over the past 10 years.  When one looks at today’s world, the crises in the official development assistance (ODA), the crises in the global funds available, it is absolutely evident that we need to be able to multiply the resources available for investments.

    And the main obligation, in my opinion, of public development banks, most national and international, should be today concentrated, not essentially, in their operations, and I understand the pressure of any bureaucracy to do their own things, but those public funds available in developing banks, should be more and more put to work to multiply resources through de-risking private finances and private investments.

    Giving guaranties, stablishing coalitions in which they are the first risk takers and creating the conditions to massively increase the massive private finance and private investment in countries in which, without the necessary de-risking, it is practically impossible to see enough development.

    This is a new mentality that we need to guaranty in the investment banks, the public investment banks, both national and international.

    Throughout, we are counting on the leadership and vision of all of you to carry forward the spirit of collaboration and bold solutions.  By uniting public and private sector leaders, regulators and development banks, we can ensure that this conference is not an end, but rather a beginning.

    The beginning of a new era of action and collaboration on some of the most urgent issues facing our world today.  And a new dawn for how we finance development progress around the world.

    Thank you all for being part of this important effort. I hope that the joint participation of the public and private sectors can multiply the resources we have.

    Knowing that much more investment is needed in today’s world, but that there are mechanisms that allow available public funds to mobilize much more private financing and investment than today.

    MIL OSI United Nations News –

  • MIL-OSI United Kingdom: Public services put in your pocket with trial GOV.UK App launched today

    Source: United Kingdom – Executive Government & Departments

    Press release

    Public services put in your pocket with trial GOV.UK App launched today

    A trial version of the GOV.UK App is to be available to download on smartphones today, putting public services in people’s pocket to save them from wasting time on admin.

    • First GOV.UK App released to the public, kickstarting a whole new way for people to interact with government services that will make it easier to manage childcare payments and get travel guidance from your pocket.
    • Custom home page shows people services that they need most, while in future, notifications will help remind people to book their MOT, update their passport and more.
    • Initial version takes crucial services a step closer to citizens in a bid to cut life-admin, with plans to add a generative AI chatbot, GOV.UK Chat, later this year with much more to come.

    The first version of the GOV.UK App will be available to download on smartphones today, putting public services in people’s pocket to save them from wasting time on life admin.

    It marks an overhaul to the experience of using the GOV.UK website, which is visited by 88 million times every month by people completing essential daily tasks, to bring public services more in line with what people are used to when they bank or shop from their phones.

    Launching first in “public beta”, meaning the technology is still being worked on extensively, today’s release will allow the public to build the app around their personal circumstances, life events and services. 

    People will be able to choose which topics to prioritise on their home page, based on which government services are most important to them, whether it’s ‘care’, ‘travel’ or ‘business’. A home page will then let people access these services right away, rather than having to scour the internet each time, so they can get information, request support or change their details with the right government service with ease.

    Over time, new tools and functionality will be added. Later this year, the government’s generative AI chatbot – GOV.UK Chat – will be added for everyone to use. It will help people get answers to niche questions more quickly, where the details important to them may be buried in the 700,000-page website, with it instead drawing the most relevant information within seconds – whether it’s how to set up a specific type of business, what’s needed to apply for a passport, or what support new parents can access.

    Following the addition of GOV.UK Chat, work will start to make sure different government benefits, such as childcare allowances, can be dealt with seamlessly through the app. As well as making it easier for people to apply for support they’re eligible for, the move will also aim to tackle fraud, which could save the government millions.

    Today’s launch follows the digital blueprint for government which includes a number of tools to make it much easier for people and businesses to interact with the government, saving time and transforming the public services underpinning our Plan for Change. Later this year, the UK government will also launch GOV.UK Wallet which will include a pilot digital driving licence, which Brits will be able to easily use from their phone to prove their age when buying age restricted items online and in person.

    Technology secretary Peter Kyle said:

    Our new GOV.UK App shows for the first time how this government is overhauling taxpayer-funded services as we deliver on our Plan for Change. By putting public services in your pocket, we will do away with clunky paper forms and hours spent on hold, so you can immediately get the information you need and continue on with the rest of your day.

    This release of the GOV.UK App is just the start. Soon, you will be able to use it to ask GOV.UK Chat any question you like about government services, and get a reliable answer immediately. You will then get personal notifications, reminding you when your MOT is due or whether you need to register to vote, and then you will be able to closely track your childcare credits just as you do your bank account.

    People using the GOV.UK App will get the same experience every time they open the app in a way that is tailored to them, enabled by GOV.UK One Login. This technology will ultimately remove the need for several passwords to access different government services and users will be able to use facial ID to log in.

    To do this, the GOV.UK App considered major life events relevant to most of the population – such as ‘money and tax’, ‘studying and training’ and ‘retirement’. Some life events also cover topics where people might interact more with public services, such as ‘parenting’, ‘benefits’ and ‘care’.

    Notes to editors

    The GOV.UK App public beta will be available to download from 1 July in the Apple App store and Google marketplace.

    In January, the GOV.UK App was announced alongside the GOV.UK Wallet. The latter will carry a digital version of all government issued documents – starting with a Veterans’ Card this autumn, followed by a pilot of a digital drivers’ licence later this year. For the first release, the GOV.UK Wallet will be separate from the GOV.UK App. Over time the Wallet will also integrate with the GOV.UK App.

    The homepage of GOV.UK App can feature any combination of the below 11 topics:

    • benefits
    • business
    • care
    • driving and transport
    • employment
    • health and disability
    • money and tax
    • parenting and guardianship
    • retirement
    • studying and training
    • travel

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 3000

    Updates to this page

    Published 30 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: Secretary-General’s remarks at the International Business Forum at the Conference on Financing for Development [bilingual, as delivered; scroll down for all-English]

    Source: United Nations secretary general

    This Forum reflects a fundamental fact.
     
    Development is everyone’s business.
     
    And the private sector is an essential partner in helping countries climb the development ladder, and achieve the Sustainable Development Goals.
     
    Businesses are not just engines of jobs and economic growth.
     
    They help propel the innovation, technology and investment that development demands.
     
    We are here to boost support for initiatives that benefit people and planet.
     
    We meet against the backdrop of an incredibly challenging global environment.
     
    As we gather in Sevilla, trade barriers and macroeconomic risks are rising. 
     
    Major aid cuts are making a bad situation even worse.
     
    Mistrust and geopolitical divisions are blocking effective global solutions.
     
    And the financing gap for the Sustainable Development Goals has ballooned to $4 trillion.
     
    When the world came together for this conference 10 years ago in Addis Ababa, countries recognized that achieving the Goals was impossible without mobilizing private capital at scale.
     
    One decade later, we continue to fall short.
     
    Last year, investment in infrastructure in developing countries dropped by 35 per cent — including in key sectors like renewable energy, water and sanitation.
     
    And foreign direct investment has declined two years in a row, with investment flows largely bypassing Least Developed Countries altogether.
     
    We need to create the conditions to change course.
     
    And that begins here in Spain.
     
    The Sevilla Commitment document includes important steps to get the engine of development revving again:
     
    Through new domestic and global commitments that can channel public and private finance to the areas of greatest need…
     
    By overhauling the world’s approach to debt to make borrowing work in service of sustainable development…
     
    And by reforming the global financial architecture to reflect today’s realities and the urgent needs of developing countries.
     
    The Sevilla Commitment also puts forward a number of specific actions to unlock private sector investment in sustainable development.
     
    This includes steps to strengthen the way we blend public and private capital together to maximize the use of public money in crowding-in private funds.
     
    It includes new approaches to manage currency risk that prevent otherwise promising investment opportunities from securing the capital required.
     
    And it includes a call to review financial regulations to ensure that risk weightings are well-designed, and help — not hinder — institutional investors from embracing projects in frontier markets.
     
    These are significant steps, informed by lessons learned over the past 10 years.
     
    When, one looks at today’s world, the crises in the ODA, the crises in the global funds available, it is absolutely evident that we need to be able to multiply the resources available for investments.

    And the main obligation, in my opinion, of public development banks, most national and international, should be today concentrated, not essentially, in their operations, and I understand the pressure of any bureaucracy to do their own things, but those public funds available in developing banks, should be more and more put to work to multiply resources through the risking private finances and private investments.

    Giving guaranties, stablishing coalitions, in which they are the first risk takers, and creating the conditions to massively increase the massive private finance and private investment in countries in which without the necessary derisking it is practically impossible to see enough development.
     
    This is a new mentally that we need to guaranty in the investment banks, the pubic investment banks, both national and international.
     
    Señoras y senõres,
                                                                            
    En todo momento, contamos con el liderazgo y la visión de todos ustedes para llevar adelante el espíritu de colaboración y adoptar soluciones audaces.
     
    Al reunir a los líderes de los sectores público y privado, a los reguladores y a los bancos de desarrollo, podemos garantizar que esta conferencia no es un final, sino un principio.
     
    El comienzo de una nueva era de acción y colaboración en algunos de los problemas más urgentes a los que se enfrenta hoy nuestro mundo.
     
    Y un nuevo amanecer para la manera en que se financia el progreso del desarrollo en todo el mundo.
     
    Gracias a todos ustedes por participar en este importante esfuerzo. Espero que la participación conjunta de los sectores público y privado pueda multiplicar los recursos que tenemos.

    Sabiendo que mucha más inversión es necesaria en el mundo de hoy, pero que hay mecanismos que permiten que los fondos públicos disponibles movilicen muchísimo más que hoy la financiación y la inversión privada. 

    *****
    [All-English]

    This Forum reflects a fundamental fact.

    Development is everyone’s business.

    And the private sector is an essential partner in helping countries climb the development ladder, and achieve the Sustainable Development Goals.

    Businesses are not just engines of jobs and economic growth.

    They help propel the innovation, technology and investment that development demands.

    We are here to boost support for initiatives that benefit people and planet.

    We meet against the backdrop of an incredibly challenging global environment.

    As we gather in Sevilla, trade barriers and macroeconomic risks are rising. 

    Major aid cuts are making a bad situation even worse.

    Mistrust and geopolitical divisions are blocking effective global solutions.

    And the financing gap for the Sustainable Development Goals has ballooned to $4 trillion.

    When the world came together for this conference 10 years ago in Addis Ababa, countries recognized that achieving the Goals was impossible without mobilizing private capital at scale.

    One decade later, we continue to fall short.

    Last year, investment in infrastructure in developing countries dropped by 35 per cent — including in key sectors like renewable energy, water and sanitation.

    And foreign direct investment has declined two years in a row, with investment flows largely bypassing Least Developed Countries altogether.

    We need to create the conditions to change course.

    And that begins here in Spain.

    The Sevilla Commitment document includes important steps to get the engine of development revving again:

    Through new domestic and global commitments that can channel public and private finance to the areas of greatest need…

    By overhauling the world’s approach to debt to make borrowing work in service of sustainable development…

    And by reforming the global financial architecture to reflect today’s realities and the urgent needs of developing countries.

    The Sevilla Commitment also puts forward a number of specific actions to unlock private sector investment in sustainable development.

    This includes steps to strengthen the way we blend public and private capital together to maximize the use of public money in crowding-in private funds.

    It includes new approaches to manage currency risk that prevent otherwise promising investment opportunities from securing the capital required.

    And it includes a call to review financial regulations to ensure that risk weightings are well-designed, and help — not hinder — institutional investors from embracing projects in frontier markets.

    These are significant steps, informed by lessons learned over the past 10 years.

    When, one looks at today’s world, the crises in the ODA, the crises in the global funds available, it is absolutely evident that we need to be able to multiply the resources available for investments.

    And the main obligation, in my opinion, of public development banks, most national and international, should be today concentrated, not essentially, in their operations, and I understand the pressure of any bureaucracy to do their own things, but those public funds available in developing banks, should be more and more put to work to multiply resources through the risking private finances and private investments.

    Giving guaranties, stablishing coalitions, in which they are the first risk takers, and creating the conditions to massively increase the massive private finance and private investment in countries in which without the necessary derisking it is practically impossible to see enough development.

    This is a new mentally that we need to guaranty in the investment banks, the pubic investment banks, both national and international.

    Ladies and gentleman,

    Throughout, we are counting on the leadership and vision of all of you to carry forward the spirit of collaboration and bold solutions.

    By uniting public and private sector leaders, regulators and development banks, we can ensure that this conference is not an end, but rather a beginning.

    The beginning of a new era of action and collaboration on some of the most urgent issues facing our world today.

    And a new dawn for how we finance development progress around the world.

    Thank you all for being part of this important effort. I hope that the joint participation of the public and private sectors can multiply the resources we have.

    Knowing that much more investment is needed in today’s world, but that there are mechanisms that allow available public funds to mobilize much more private financing and investment than today.
     
     

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Organization for Security and Co-operation’s Role in Strengthening Democracy ‘Essential’, Secretary-General Tells Parliamentary Assembly

    Source: United Nations General Assembly and Security Council

    Following is the text of UN Secretary-General António Guterres’ video message for the Organization for Security and Co-operation in Europe (OSCE) Parliamentary Assembly in Porto, Portugal today:

    Dear Parliamentarians, it is a privilege to address this OSCE Parliamentary Assembly as you meet in the beautiful city of Porto.

    You gather as our world faces great and grave challenges — from raging conflicts, to rising inequalities, to the out-of-control climate crisis.

    Trust is breaking down.  But you are standing up for something different.  By encouraging dialogue between Parliaments, you have helped strengthen democracy, advance cooperation and promote comprehensive security.

    Your leadership in observing elections has helped make them fairer and more trustworthy.  And your efforts played a critical role in inspiring important initiatives such as the OSCE Representative on Freedom of the Media.

    Fifty years after the Helsinki Accords, the principles of the OSCE are more important than ever.

    As the world’s largest regional security organization, you face rising security threats, especially with the Russian invasion of Ukraine.

    Your role in protecting human rights, strengthening democracy and promoting sustainable development is essential.

    We at the United Nations look forward to continuing that critical work together to guide the region and our world towards a more peaceful future.

    Thank you.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: UN Secretary-General’s remarks at the International Business Forum at the Conference on Financing for Development [bilingual, as delivered; scroll down for all-English]

    Source: United Nations secretary general

    This Forum reflects a fundamental fact.
     
    Development is everyone’s business.
     
    And the private sector is an essential partner in helping countries climb the development ladder, and achieve the Sustainable Development Goals.
     
    Businesses are not just engines of jobs and economic growth.
     
    They help propel the innovation, technology and investment that development demands.
     
    We are here to boost support for initiatives that benefit people and planet.
     
    We meet against the backdrop of an incredibly challenging global environment.
     
    As we gather in Sevilla, trade barriers and macroeconomic risks are rising. 
     
    Major aid cuts are making a bad situation even worse.
     
    Mistrust and geopolitical divisions are blocking effective global solutions.
     
    And the financing gap for the Sustainable Development Goals has ballooned to $4 trillion.
     
    When the world came together for this conference 10 years ago in Addis Ababa, countries recognized that achieving the Goals was impossible without mobilizing private capital at scale.
     
    One decade later, we continue to fall short.
     
    Last year, investment in infrastructure in developing countries dropped by 35 per cent — including in key sectors like renewable energy, water and sanitation.
     
    And foreign direct investment has declined two years in a row, with investment flows largely bypassing Least Developed Countries altogether.
     
    We need to create the conditions to change course.
     
    And that begins here in Spain.
     
    The Sevilla Commitment document includes important steps to get the engine of development revving again:
     
    Through new domestic and global commitments that can channel public and private finance to the areas of greatest need…
     
    By overhauling the world’s approach to debt to make borrowing work in service of sustainable development…
     
    And by reforming the global financial architecture to reflect today’s realities and the urgent needs of developing countries.
     
    The Sevilla Commitment also puts forward a number of specific actions to unlock private sector investment in sustainable development.
     
    This includes steps to strengthen the way we blend public and private capital together to maximize the use of public money in crowding-in private funds.
     
    It includes new approaches to manage currency risk that prevent otherwise promising investment opportunities from securing the capital required.
     
    And it includes a call to review financial regulations to ensure that risk weightings are well-designed, and help — not hinder — institutional investors from embracing projects in frontier markets.
     
    These are significant steps, informed by lessons learned over the past 10 years.
     
    When, one looks at today’s world, the crises in the ODA, the crises in the global funds available, it is absolutely evident that we need to be able to multiply the resources available for investments.

    And the main obligation, in my opinion, of public development banks, most national and international, should be today concentrated, not essentially, in their operations, and I understand the pressure of any bureaucracy to do their own things, but those public funds available in developing banks, should be more and more put to work to multiply resources through the risking private finances and private investments.

    Giving guaranties, stablishing coalitions, in which they are the first risk takers, and creating the conditions to massively increase the massive private finance and private investment in countries in which without the necessary derisking it is practically impossible to see enough development.
     
    This is a new mentally that we need to guaranty in the investment banks, the pubic investment banks, both national and international.
     
    Señoras y senõres,
                                                                            
    En todo momento, contamos con el liderazgo y la visión de todos ustedes para llevar adelante el espíritu de colaboración y adoptar soluciones audaces.
     
    Al reunir a los líderes de los sectores público y privado, a los reguladores y a los bancos de desarrollo, podemos garantizar que esta conferencia no es un final, sino un principio.
     
    El comienzo de una nueva era de acción y colaboración en algunos de los problemas más urgentes a los que se enfrenta hoy nuestro mundo.
     
    Y un nuevo amanecer para la manera en que se financia el progreso del desarrollo en todo el mundo.
     
    Gracias a todos ustedes por participar en este importante esfuerzo. Espero que la participación conjunta de los sectores público y privado pueda multiplicar los recursos que tenemos.

    Sabiendo que mucha más inversión es necesaria en el mundo de hoy, pero que hay mecanismos que permiten que los fondos públicos disponibles movilicen muchísimo más que hoy la financiación y la inversión privada. 

    *****
    [All-English]

    This Forum reflects a fundamental fact.

    Development is everyone’s business.

    And the private sector is an essential partner in helping countries climb the development ladder, and achieve the Sustainable Development Goals.

    Businesses are not just engines of jobs and economic growth.

    They help propel the innovation, technology and investment that development demands.

    We are here to boost support for initiatives that benefit people and planet.

    We meet against the backdrop of an incredibly challenging global environment.

    As we gather in Sevilla, trade barriers and macroeconomic risks are rising. 

    Major aid cuts are making a bad situation even worse.

    Mistrust and geopolitical divisions are blocking effective global solutions.

    And the financing gap for the Sustainable Development Goals has ballooned to $4 trillion.

    When the world came together for this conference 10 years ago in Addis Ababa, countries recognized that achieving the Goals was impossible without mobilizing private capital at scale.

    One decade later, we continue to fall short.

    Last year, investment in infrastructure in developing countries dropped by 35 per cent — including in key sectors like renewable energy, water and sanitation.

    And foreign direct investment has declined two years in a row, with investment flows largely bypassing Least Developed Countries altogether.

    We need to create the conditions to change course.

    And that begins here in Spain.

    The Sevilla Commitment document includes important steps to get the engine of development revving again:

    Through new domestic and global commitments that can channel public and private finance to the areas of greatest need…

    By overhauling the world’s approach to debt to make borrowing work in service of sustainable development…

    And by reforming the global financial architecture to reflect today’s realities and the urgent needs of developing countries.

    The Sevilla Commitment also puts forward a number of specific actions to unlock private sector investment in sustainable development.

    This includes steps to strengthen the way we blend public and private capital together to maximize the use of public money in crowding-in private funds.

    It includes new approaches to manage currency risk that prevent otherwise promising investment opportunities from securing the capital required.

    And it includes a call to review financial regulations to ensure that risk weightings are well-designed, and help — not hinder — institutional investors from embracing projects in frontier markets.

    These are significant steps, informed by lessons learned over the past 10 years.

    When, one looks at today’s world, the crises in the ODA, the crises in the global funds available, it is absolutely evident that we need to be able to multiply the resources available for investments.

    And the main obligation, in my opinion, of public development banks, most national and international, should be today concentrated, not essentially, in their operations, and I understand the pressure of any bureaucracy to do their own things, but those public funds available in developing banks, should be more and more put to work to multiply resources through the risking private finances and private investments.

    Giving guaranties, stablishing coalitions, in which they are the first risk takers, and creating the conditions to massively increase the massive private finance and private investment in countries in which without the necessary derisking it is practically impossible to see enough development.

    This is a new mentally that we need to guaranty in the investment banks, the pubic investment banks, both national and international.

    Ladies and gentleman,

    Throughout, we are counting on the leadership and vision of all of you to carry forward the spirit of collaboration and bold solutions.

    By uniting public and private sector leaders, regulators and development banks, we can ensure that this conference is not an end, but rather a beginning.

    The beginning of a new era of action and collaboration on some of the most urgent issues facing our world today.

    And a new dawn for how we finance development progress around the world.

    Thank you all for being part of this important effort. I hope that the joint participation of the public and private sectors can multiply the resources we have.

    Knowing that much more investment is needed in today’s world, but that there are mechanisms that allow available public funds to mobilize much more private financing and investment than today.
     
     

    MIL OSI United Nations News –

  • MIL-OSI USA: The Status of the Chagos Archipelago – Part I: History of the Disputes Surrounding its Status and the Creation of a UK-US Military Base

    Source: US Global Legal Monitor

    The following is a guest post by Clare Feikert-Ahalt, a senior foreign law specialist at the Law Library of Congress covering the United Kingdom and several other jurisdictions. Clare has written numerous posts for In Custodia Legis, including Revealing the Presence of Ghosts; Weird Laws, or Urban Legends?; FALQs: Brexit Referendum; 100 Years of “Poppy Day” in the United Kingdom; and most recently Mr. Bates vs. The Post Office Spurs Possible Law Change.

    A small, but important, island known as Diego Garcia has given rise to a number of legal challenges and international agreements that date back to Britain’s colonial era. The challenges surround whether the detachment from Mauritius, and subsequent colonization of the Chagos Archipelago, which consists of several islands and atolls remotely located in the center of the Indian Ocean, including the island of Diego Garcia, was lawful, and whether the removal and prohibition on the return of its inhabitants occurred within the bounds of the law. A recent agreement between the United Kingdom (UK) and Mauritius settles the disputes, by returning Chagos Archipelago to Mauritus and providing the UK with continued use of a military base, which I will describe in a post tomorrow. Today I will look at the history that preceded the agreement.

    UK Colonization of Chagos Archipelago

    One of the driving forces for the UK colonization of Chagos Archipelago was the establishment of a defense facility, to be operated jointly with the United States (US). Almost immediately upon detaching the Chagos Archipelago from Mauritius and establishing the colony of the British Indian Ocean Territory (BIOT) the UK, after undertaking a survey to determine the most appropriate location for a defense facility, entered into an agreement with the US to allow Diego Garcia to be used for defense purposes. The US subsequently constructed, and jointly operated with the UK, a defense facility that according to the UK government provides “crucial strategic capabilities, which have played a key role in missions to disrupt high-value terrorists, including Islamic State threats to the UK.”

    History of the Chagos Archipelago and Diego Garcia

    The BIOT, which includes Diego Garcia, was the last colony established by the British as its colonial era entered into its waning days and Mauritius was on the verge of obtaining independence. In 1965, the government of the UK and a representative of Mauritius signed an agreement detaching the Chagos Archipelago from the territory of Mauritius.

    The agreement between the UK and Mauritius provided the legal foundation for the UK to establish the BIOT as new colony in the Chagos Archipelago, which initially included three other islands detached from Seychelles that were later ceded back to the Seychelles upon their independence in 1976. In return for the detachment of the Chagos Archipelago, the UK government provided Mauritius with a grant of £3 million (approximately US$4 million), along with a commitment to return the islands to Mauritius at a later date when it no longer needed the territory for defense purposes. Once under UK control, in 1966, the UK signed an agreement with the US to establish a military base on the largest island, Diego Garcia.

    Independence of Mauritius Leads to Legal Dispute over Territorial Definition

    Mauritius was granted independence from the UK in 1968, but the definition of Mauritius, contained in the Mauritius Independence Act 1968, which became its constitution and was promulgated by the government of the UK prior to Mauritius’ independence, does not include the Chagos Archipelago. Instead “Mauritius” is defined in section 5 of the 1968 Act as “the territories which immediately before the appointed day constitute the Colony of Mauritius.” The Mauritian government later claimed that its independence was made conditional upon the detachment of the Chagos Archipelago from its territory and disputed the sovereignty of the UK over the Chagos Archipelago.

    This bilateral dispute progressed through numerous meetings, international exchanges, courts and tribunals for a period of 60 years until the UK and Mauritius signed the recent agreement providing sovereignty over the Chagos Archipelago to Mauritius..

    United Nations Resolution of 1966

    In 1966, the General Assembly of the United Nations (UN) adopted a resolution condemning the British for exercising sovereignty over the Chagos Archipelago and calling for it to be returned to Mauritius.  In the same year, the UK and US reached an agreement providing for the use of an island in the Chagos Archipelago for defense purposes. The agreement provided that the UK government would take any administrative measures necessary to ensure the defense needs were met, which included the resettlement of the inhabitants of the islands.

    Challenges Regarding Status Continue

    The challenges faced by the Chagossians, along with their efforts to reclaim Diego Garcia are well detailed and documented in the decisions of the courts in which they lodged their claims.

    The UK entered into an agreement with Mauritius in 1972 whereby it agreed to pay Mauritius £650,000 (approximately US$875,000) for the cost of resettlement of people displaced from the Chagos Archipelago. The UK reached an additional agreement with Mauritius in 1982, under which it paid a further £4 million (approximately US$5.4 million) to be placed into a trust fund for the Chagossians removed from the islands as a final settlement of all claims, without admitting liability.

    Despite these agreements and settlement, Mauritius continued to challenge the legitimacy of British sovereignty over the Chagos Archipelago and the Chagossians challenged the legality of their resettlement and exile from Diego Garcia. During these challenges, and in response to a judgment from England’s High Court, the UK government conducted a feasibility study in 2002 into the return of the Chagossians to Diego Garcia. The study concluded that if the Chagossians were permitted to return to live on Diego Garcia, the costs of long-term inhabitation would be prohibitive and that natural events, such as flooding and seismic activity “would make life difficult for a resettled population.”

    Advisory Opinion from the International Court of Justice (ICJ)

    In 2019, the ICJ issued an advisory opinion that the decolonization of Mauritius was not completed lawfully and that an international agreement was not possible when one territory was under the authority of the other. The ICJ stated that the UK “has an obligation to bring to an end its administration of the Chagos Archipelago as rapidly as possible.” The UK government acknowledged the opinion, but noted it was not legally binding. It stated that it did “not share the court’s approach” and asserted that it has exercised sovereignty over the Chagos Archipelago since 1814. The UK affirmed that it stood by its commitment “to cede sovereignty of the territory to Mauritius when it is no longer required for defence purposes.”

    While advisory opinions from the ICJ are not binding, the UK government in 2025 acknowledged that they do “carr[y] significant weight; in particular it is likely to be highly influential on any subsequent court/tribunal”. This advisory opinion had a “meaningful real-world impact on the sustainability of UK sovereignty and the operation of the Base.” In particular, the UK government determined that if Mauritius made another legal challenge, its “… longstanding legal view is that [the UK] would not have a realistic prospect of success.”

    The advisory opinion was followed in 2021, by a case heard by the Special Chamber of the International Tribunal for the Law of the Sea relating to the delimitation of the boundary between Mauritius and the Maldives and the court ruled that the sovereignty of Mauritius over the Chagos Archipelago could be inferred from the advisory opinion made by the International Court of Justice.

    The Congress of the Universal Postal Union also recognized Mauritius as responsible for making decisions regarding international postal services in the Chagos Archipelago. The UK government determined these decisions “confirmed the risk that a future (binding) case could be brought successfully against the UK” and that this “would create serious real-world operational impacts for the Base.”

    Between the years 2021-2022, the UK used diplomacy and bilateral initiatives to attempt to steer Mauritius away from commencing further legal challenges, but these were unsuccessful and “… it became clear by mid-2022 that the only viable means to halt the process was to enter negotiations” and the start of these were announced in November 2022. They resulted in the May 2025 agreement, which I will describe in tomorrow’s post. Stay tuned!

    ——————————————————————————————————————————–

    Subscribe to In Custodia Legis – it’s free! – to receive interesting posts drawn from the Law Library of Congress’s vast collections and our staff’s expertise in U.S., foreign, and international law.

    MIL OSI USA News –

  • MIL-OSI: SunnyMining passes official certification and launches global free cloud mining reward program

    Source: GlobeNewswire (MIL-OSI)

    Manchester, United Kingdom, June 30, 2025 (GLOBE NEWSWIRE) — SunnyMining, a world-renowned cloud mining platform, recently passed the authoritative official certification and officially announced the launch of the global “Free Cloud Mining Reward Program”. Users can easily mine mainstream digital assets such as BTC, LTC, DOGE, and quickly start daily passive income without configuring any equipment or mastering professional skills.

    The plan relies on SunnyMining’s self-developed AI computing power scheduling system and smart contract engine to achieve fully automated mining processes and daily income settlement. Users only need to register and receive free computing power to participate in the platform’s cloud mining in real time without manual operation or additional costs.

    At present, the platform has covered more than 190 countries and regions around the world, supporting multi-currency contracts, multi-language interfaces and all-weather income distribution, and is committed to providing a safe, convenient and efficient income channel for global crypto enthusiasts.

    Passed authoritative certification, the platform is safe and reliable
    SunnyMining has recently successfully passed a number of global security and compliance certifications, covering data encryption, anti-fraud mechanisms, KYC verification and fund custody security, marking a solid step forward in the platform’s compliance operations and global layout. Official certification not only enhances the credibility of the platform, but also protects user assets.

       Official registration certificate

      Official application certificate

    Free participation, no hardware required
    The global cloud mining reward program launched this time gives free computing power to each new user. Users can start automatic cloud mining without purchasing mining machines or laying out power systems. The platform is based on AI intelligent scheduling system and green energy computing power network to dynamically allocate mining resources to ensure a stable, environmentally friendly and efficient operating environment.

    SunnyMining Platform Core Features

    1. Free mining with zero threshold
    New users can get $15 free computing power after registration. No equipment or technical background is required. You can start free cloud mining immediately.

    2. Multi-currency support, flexible income
    Supports BTC, XRP, DOGE, LTC and other mainstream cryptocurrencies. Users can choose contracts according to market trends and freely adjust mining strategies.
        Click to view contract details

    3. AI computing power scheduling system
    The platform is based on an AI-driven intelligent computing power allocation engine to optimize mining efficiency and improve income performance according to real-time network conditions.

    4. Automatic settlement of smart contracts
    All income is settled on a daily basis and automatically distributed to user accounts. No manual operation is required, which is safe and efficient.

    5. Global coverage and support for multi-language interfaces
    The platform has covered 190+ countries and regions around the world, supporting multi-language services such as English, Chinese, Spanish, French, etc., to enhance global user experience.

    6. Official certification, transparent and trustworthy
    SunnyMining has passed international compliance and platform certification, providing multiple security guarantees, and user funds and data are strictly protected.

     
    SunnyMining’s COO said: “We hope to break the technical and cost barriers of traditional crypto investment through this free cloud mining plan and provide global users with a safe, simple and stable digital asset entry.”

    For more information or to start your free mining journey now, please visit:

    SunnyMining official website ：www.sunnymining.com

    APP: https://sunnymining.com/download

    Email: info@sunnymining.com

    Attachment

    The MIL Network –

  • MIL-OSI: SunnyMining passes official certification and launches global free cloud mining reward program

    Source: GlobeNewswire (MIL-OSI)

    Manchester, United Kingdom, June 30, 2025 (GLOBE NEWSWIRE) — SunnyMining, a world-renowned cloud mining platform, recently passed the authoritative official certification and officially announced the launch of the global “Free Cloud Mining Reward Program”. Users can easily mine mainstream digital assets such as BTC, LTC, DOGE, and quickly start daily passive income without configuring any equipment or mastering professional skills.

    The plan relies on SunnyMining’s self-developed AI computing power scheduling system and smart contract engine to achieve fully automated mining processes and daily income settlement. Users only need to register and receive free computing power to participate in the platform’s cloud mining in real time without manual operation or additional costs.

    At present, the platform has covered more than 190 countries and regions around the world, supporting multi-currency contracts, multi-language interfaces and all-weather income distribution, and is committed to providing a safe, convenient and efficient income channel for global crypto enthusiasts.

    Passed authoritative certification, the platform is safe and reliable
    SunnyMining has recently successfully passed a number of global security and compliance certifications, covering data encryption, anti-fraud mechanisms, KYC verification and fund custody security, marking a solid step forward in the platform’s compliance operations and global layout. Official certification not only enhances the credibility of the platform, but also protects user assets.

       Official registration certificate

      Official application certificate

    Free participation, no hardware required
    The global cloud mining reward program launched this time gives free computing power to each new user. Users can start automatic cloud mining without purchasing mining machines or laying out power systems. The platform is based on AI intelligent scheduling system and green energy computing power network to dynamically allocate mining resources to ensure a stable, environmentally friendly and efficient operating environment.

    SunnyMining Platform Core Features

    1. Free mining with zero threshold
    New users can get $15 free computing power after registration. No equipment or technical background is required. You can start free cloud mining immediately.

    2. Multi-currency support, flexible income
    Supports BTC, XRP, DOGE, LTC and other mainstream cryptocurrencies. Users can choose contracts according to market trends and freely adjust mining strategies.
        Click to view contract details

    3. AI computing power scheduling system
    The platform is based on an AI-driven intelligent computing power allocation engine to optimize mining efficiency and improve income performance according to real-time network conditions.

    4. Automatic settlement of smart contracts
    All income is settled on a daily basis and automatically distributed to user accounts. No manual operation is required, which is safe and efficient.

    5. Global coverage and support for multi-language interfaces
    The platform has covered 190+ countries and regions around the world, supporting multi-language services such as English, Chinese, Spanish, French, etc., to enhance global user experience.

    6. Official certification, transparent and trustworthy
    SunnyMining has passed international compliance and platform certification, providing multiple security guarantees, and user funds and data are strictly protected.

     
    SunnyMining’s COO said: “We hope to break the technical and cost barriers of traditional crypto investment through this free cloud mining plan and provide global users with a safe, simple and stable digital asset entry.”

    For more information or to start your free mining journey now, please visit:

    SunnyMining official website ：www.sunnymining.com

    APP: https://sunnymining.com/download

    Email: info@sunnymining.com

    Attachment

    The MIL Network –

  • MIL-Evening Report: Trump’s worldview is causing a global shift of alliances – what does this mean for nations in the middle?

    Source: The Conversation (Au and NZ) – By Dilnoza Ubaydullaeva, Lecturer in Government – National Security College, Australian National University

    Since US President Donald Trump took office this year, one theme has come up time and again: his rule is a threat to the US-led international order.

    As the US political scientist John Mearsheimer famously argued, the liberal international order

    was destined to fail from the start, as it contained the seeds of its own destruction.

    This perspective has gained traction in recent years. And now, Trump’s actions have caused many to question whether a new world order is emerging.

    Trump has expressed a desire for a new international order defined by multiple spheres of influence — one in which powers like the US, China and Russia each exert dominance over distinct regions.

    This vision aligns with the idea of a “multipolar” world, where no single state holds overarching global dominance. Instead, influence is distributed among several great powers, each maintaining its own regional sphere.

    This architecture contrasts sharply with earlier periods – the bipolar world of the Cold War, dominated by the US and the Soviet Union; and the unipolar period that followed, dominated by the US.

    What does this mean for the world order moving forward?

    Shifting US spheres of influence

    We’ve seen this shift taking place in recent months. For example, Trump has backed away from his pledge to end the war between Russia and Ukraine and now appears to be leaving it to the main protagonists, and Europe, to find a solution.

    Europe, which once largely spoke in a unified voice with the US, is also showing signs of policy-making which is more independent. Rather than framing its actions as protecting “Western democratic principles”, Europe is increasingly focused on defining its own security interests.

    In the Middle East, the US will likely maintain its sphere of influence. It will continue its unequivocal support for Israel under Trump.

    Amid shifting global alliances, the Trump administration will continue to support Israel, led by Prime Minister Benjamin Netanyahu.
    noamgalai/Shutterstock

    The US will also involve itself in the region’s politics when its interests are at stake, as we witnessed in its recent strikes on Iranian nuclear facilities.

    This, along with increasing economic ties between the US and Gulf states, suggests US allies in the region will remain the dominant voices shaping regional dynamics, particularly now with Iran weakened.

    Yet it’s clear Trump is reshaping US dynamics in the region by signaling a desire for reduced military and political involvement, and criticising the nation building efforts of previous administrations.

    The Trump administration now appears to want to maintain its sphere of influence primarily through strong economic ties.

    Russia and China poles emerging elsewhere

    Meanwhile, other poles are emerging in the Global South. Russia and China have deepened their cooperation, positioning themselves as defenders against what they frame as Western hegemonic bullying.

    Trump’s trade policies and sanctions against many nations in the Global South have fuelled narratives (spread by China and Russia) that the US does not consistently adhere to the rules it imposes on others.

    Trump’s decision to slash funding to USAID has also opened the door to China, in particular, to become the main development partner for nations in Africa and other parts of the world.

    And on the security front, Russia has become more involved in many African and Middle Eastern countries, which have become less trustful and reliant on Western powers.

    Russian President Vladimir Putin and Chinese leader Xi Xinping see opportunities to spread their influence in the Global South.
    plavi011/Shutterstock

    In the Indo-Pacific, much attention has been given to the rise of China and its increasingly assertive posture. Many of Washington’s traditional allies are nervous about its continued engagement in the region and ability to counter China’s rise.

    Chinese leader Xi Jinping has sought to take advantage of the current environment, embarking on a Vietnam, Malaysia and Cambodia push earlier this year. But many nations continue to be wary of China’s increasing influence, in particular the Philippines, which has clashed with China over the South China Sea.

    Strategic hedging

    Not all countries, however, are aligning themselves neatly with one pole or another.

    For small states caught between great powers, navigating this multipolar environment is both a risk and an opportunity.

    Ukraine is a case in point. As a sovereign state, Ukraine should have the freedom to decide its own alignments. Yet, it finds itself ensnared in great power politics, with devastating consequences.

    Other small states are playing a different game — pivoting from one power to another based on their immediate interests.

    Slovakia, for instance, is both a NATO and EU member, yet its leader, Robert Fico, attended Russia’s Victory Day Parade in May and told President Vladimir Putin he wanted to maintain “normal relations” with Russia.

    Then there is Central Asia, which is the centre of a renewed “great game,” with Russia, China and Europe vying for influence and economic partnerships.

    Yet if any Central Asian countries were to be invaded by Putin, would other powers intervene? It’s a difficult question to answer. Major powers are reluctant to engage in direct conflict unless their core interests or borders are directly threatened.

    As a result, Central Asian states are hedging their bets, seeking to maintain relations with multiple poles, despite their conflicting agendas.

    A future defined by regional power blocs?

    While it is still early to draw definitive conclusions, the events of the past few months underscore a growing trend. Smaller countries are expressing solidarity with one power, but pragmatic cooperation with another, when it suits their national interests.

    For this reason, regional power blocs seem to be of increasing interest to countries in the Global South.

    For instance, the China-led Shanghai Cooperation Organisation has become a stronger and larger grouping of nations across Eurasia in recent years.

    Trump’s focus on making “America Great Again,” has taken the load off the US carrying liberal order leadership. A multipolar world may not be the end of the liberal international order, but it may be a reshaped version of liberal governance.

    How “liberal” it can be will likely depend on what each regional power, or pole, will make of it.

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

    – ref. Trump’s worldview is causing a global shift of alliances – what does this mean for nations in the middle? – https://theconversation.com/trumps-worldview-is-causing-a-global-shift-of-alliances-what-does-this-mean-for-nations-in-the-middle-257113

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Trump’s worldview is causing a global shift of alliances – what does this mean for nations in the middle?

    Source: The Conversation (Au and NZ) – By Dilnoza Ubaydullaeva, Lecturer in Government – National Security College, Australian National University

    Since US President Donald Trump took office this year, one theme has come up time and again: his rule is a threat to the US-led international order.

    As the US political scientist John Mearsheimer famously argued, the liberal international order

    was destined to fail from the start, as it contained the seeds of its own destruction.

    This perspective has gained traction in recent years. And now, Trump’s actions have caused many to question whether a new world order is emerging.

    Trump has expressed a desire for a new international order defined by multiple spheres of influence — one in which powers like the US, China and Russia each exert dominance over distinct regions.

    This vision aligns with the idea of a “multipolar” world, where no single state holds overarching global dominance. Instead, influence is distributed among several great powers, each maintaining its own regional sphere.

    This architecture contrasts sharply with earlier periods – the bipolar world of the Cold War, dominated by the US and the Soviet Union; and the unipolar period that followed, dominated by the US.

    What does this mean for the world order moving forward?

    Shifting US spheres of influence

    We’ve seen this shift taking place in recent months. For example, Trump has backed away from his pledge to end the war between Russia and Ukraine and now appears to be leaving it to the main protagonists, and Europe, to find a solution.

    Europe, which once largely spoke in a unified voice with the US, is also showing signs of policy-making which is more independent. Rather than framing its actions as protecting “Western democratic principles”, Europe is increasingly focused on defining its own security interests.

    In the Middle East, the US will likely maintain its sphere of influence. It will continue its unequivocal support for Israel under Trump.

    Amid shifting global alliances, the Trump administration will continue to support Israel, led by Prime Minister Benjamin Netanyahu.
    noamgalai/Shutterstock

    The US will also involve itself in the region’s politics when its interests are at stake, as we witnessed in its recent strikes on Iranian nuclear facilities.

    This, along with increasing economic ties between the US and Gulf states, suggests US allies in the region will remain the dominant voices shaping regional dynamics, particularly now with Iran weakened.

    Yet it’s clear Trump is reshaping US dynamics in the region by signaling a desire for reduced military and political involvement, and criticising the nation building efforts of previous administrations.

    The Trump administration now appears to want to maintain its sphere of influence primarily through strong economic ties.

    Russia and China poles emerging elsewhere

    Meanwhile, other poles are emerging in the Global South. Russia and China have deepened their cooperation, positioning themselves as defenders against what they frame as Western hegemonic bullying.

    Trump’s trade policies and sanctions against many nations in the Global South have fuelled narratives (spread by China and Russia) that the US does not consistently adhere to the rules it imposes on others.

    Trump’s decision to slash funding to USAID has also opened the door to China, in particular, to become the main development partner for nations in Africa and other parts of the world.

    And on the security front, Russia has become more involved in many African and Middle Eastern countries, which have become less trustful and reliant on Western powers.

    Russian President Vladimir Putin and Chinese leader Xi Xinping see opportunities to spread their influence in the Global South.
    plavi011/Shutterstock

    In the Indo-Pacific, much attention has been given to the rise of China and its increasingly assertive posture. Many of Washington’s traditional allies are nervous about its continued engagement in the region and ability to counter China’s rise.

    Chinese leader Xi Jinping has sought to take advantage of the current environment, embarking on a Vietnam, Malaysia and Cambodia push earlier this year. But many nations continue to be wary of China’s increasing influence, in particular the Philippines, which has clashed with China over the South China Sea.

    Strategic hedging

    Not all countries, however, are aligning themselves neatly with one pole or another.

    For small states caught between great powers, navigating this multipolar environment is both a risk and an opportunity.

    Ukraine is a case in point. As a sovereign state, Ukraine should have the freedom to decide its own alignments. Yet, it finds itself ensnared in great power politics, with devastating consequences.

    Other small states are playing a different game — pivoting from one power to another based on their immediate interests.

    Slovakia, for instance, is both a NATO and EU member, yet its leader, Robert Fico, attended Russia’s Victory Day Parade in May and told President Vladimir Putin he wanted to maintain “normal relations” with Russia.

    Then there is Central Asia, which is the centre of a renewed “great game,” with Russia, China and Europe vying for influence and economic partnerships.

    Yet if any Central Asian countries were to be invaded by Putin, would other powers intervene? It’s a difficult question to answer. Major powers are reluctant to engage in direct conflict unless their core interests or borders are directly threatened.

    As a result, Central Asian states are hedging their bets, seeking to maintain relations with multiple poles, despite their conflicting agendas.

    A future defined by regional power blocs?

    While it is still early to draw definitive conclusions, the events of the past few months underscore a growing trend. Smaller countries are expressing solidarity with one power, but pragmatic cooperation with another, when it suits their national interests.

    For this reason, regional power blocs seem to be of increasing interest to countries in the Global South.

    For instance, the China-led Shanghai Cooperation Organisation has become a stronger and larger grouping of nations across Eurasia in recent years.

    Trump’s focus on making “America Great Again,” has taken the load off the US carrying liberal order leadership. A multipolar world may not be the end of the liberal international order, but it may be a reshaped version of liberal governance.

    How “liberal” it can be will likely depend on what each regional power, or pole, will make of it.

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

    – ref. Trump’s worldview is causing a global shift of alliances – what does this mean for nations in the middle? – https://theconversation.com/trumps-worldview-is-causing-a-global-shift-of-alliances-what-does-this-mean-for-nations-in-the-middle-257113

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Ellomay Capital Reports Results for the Three Months Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    TEL-AVIV, Israel, June 30, 2025 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, today reported its unaudited interim consolidated financial results for the three month period ended March 31, 2025.

    Financial Highlights

    • Total assets as of March 31, 2025 amounted to approximately €721.2 million, compared to total assets as of December 31, 2024 of approximately €677.3 million.
    • Revenues for the three months ended March 31, 2025 were approximately €8.9 million, compared to revenues of approximately €8.2 million for the three months ended March 31, 2024.
    • Profit for the three months ended March 31, 2025 was approximately €6.8 million, compared to loss of approximately €4.9 million for the three months ended March 31, 2024.
    • EBITDA for the three months ended March 31, 2025 was approximately €2.9 million, compared to EBITDA of approximately €1.6 million for the three months ended March 31, 2024. See below under “Use of Non-IFRS Financial Measures” for additional disclosure concerning EBITDA.

    Financial Overview for the Three Months Ended March 31, 2025

    • Revenues were approximately €8.9 million for the three months ended March 31, 2025, compared to approximately €8.2 million for the three months ended March 31, 2024. The increase in revenues mainly results from revenues generated from our 19.8 MW and 18.1 MW Italian solar facilities that were connected to the grid in February-May 2024 and in January 2025, respectively.
    • Operating expenses were approximately €4.6 million for the three months ended March 31, 2025, compared to approximately €4.6 million for the three months ended March 31, 2024. Depreciation and amortization expenses were approximately €4.2 million for the three months ended March 31, 2025, compared to approximately €4.1 million for the three months ended March 31, 2024.
    • Project development costs were approximately €1 million for the three months ended March 31, 2025, compared to approximately €1.4 million for the three months ended March 31, 2024. The decrease in project development costs is mainly due to projects that reached “ready to build” status, which results in the commencement of the capitalization of expenses related to such projects into fixed assets.
    • General and administrative expenses were approximately €1.7 million for the three months ended March 31, 2025, compared to approximately €1.6 million for the three months ended March 31, 2024.
    • The Company’s share of profits of equity accounted investee, after elimination of intercompany transactions, was approximately €1.2 million for the three months ended March 31, 2025, compared to approximately €1.3 million for the three months ended March 31, 2024.
    • Other income was approximately €0.2 million for the three months ended March 31, 2025, compared to €0 for the three months ended March 31, 2024. The income during the three months ended March 31, 2025 was recognized based on insurance compensation in connection with the fire near the Talasol and Ellomay Solar facilities in Spain in July 2024 due to loss of income in 2025.
    • Financing income, net, were approximately €7.2 million for the three months ended March 31, 2025, compared to financing expenses of approximately €3.3 million for the three months ended March 31, 2024. The change in financing expenses, net, was mainly attributable to higher income resulting from exchange rate differences that amounted to approximately €10.7 million for the three months ended March 31, 2025, compared to loss from exchange rate differences of approximately €0.6 million for the three months ended March 31, 2024, an aggregate change of approximately €11.3 million. The exchange rate differences were mainly recorded in connection with the New Israeli Shekel (“NIS”) cash and cash equivalents and the Company’s NIS denominated debentures and were caused by the 5.9% devaluation of the NIS against the euro during the three months ended March 31, 2025, compared to a revaluation of 0.8% during the three months ended March 31, 2024. The increase in financing income for the three months ended March 31, 2025 was partially offset by an increase in financing expenses of approximately €0.9 million in connection with derivatives and warrants for the three months ended March 31, 2025, compared to the three months ended March 31, 2024.
    • Tax benefit was approximately €0.9 million for the three months ended March 31, 2025, compared to tax benefit of approximately €0.8 million for the three months ended March 31, 2024.
    • Loss from discontinued operation (net of tax) was €0 for the three months ended March 31, 2025, compared to a loss from discontinued operation (net of tax) of approximately €0.3 million for the three months ended March 31, 2024.
    • Profit for the three months ended March 31, 2025 was approximately €6.8 million, compared to loss of approximately €4.9 million for the three months ended March 31, 2024.
    • Total other comprehensive loss was approximately €4.9 million for the three months ended March 31, 2025, compared to total other comprehensive income of approximately €12 million in the three months ended March 31, 2024. The change in total other comprehensive income (loss) is primarily as the result of foreign currency translation adjustments due to the change in the NIS/euro exchange rate and by changes in fair value of cash flow hedges, including a material decrease in the fair value of the liability resulting from the financial power swap that covers approximately 80% of the output of the Talasol solar plant (the “Talasol PPA”). The Talasol PPA experienced a high volatility due to the substantial change in electricity prices in Europe. In accordance with hedge accounting standards, the changes in the Talasol PPA’s fair value are recorded in the Company’s shareholders’ equity through a hedging reserve and not through the accumulated deficit/retained earnings. The changes do not impact the Company’s consolidated net profit/loss or the Company’s consolidated cash flows.
    • Total comprehensive income was approximately €1.9 million for the three months ended March 31, 2025, compared to total comprehensive income of approximately €7.1 million for the three months ended March 31, 2024.
    • EBITDA was approximately €2.9 million for the three months ended March 31, 2025, compared to approximately €1.6 million for the three months ended March 31, 2024.
    • Net cash from operating activities was approximately €0.3 million for the three months ended March 31, 2025, compared to approximately €1.2 million for the three months ended March 31, 2024.
    • On February 16, 2025, the Company issued in an Israeli public offering an aggregate principal amount of NIS 214,479,000 of newly issued Series G Debentures, due December 31, 2032. The net proceeds of the offering, net of related expenses such as consultancy fee and commissions, were approximately NIS 211.7 million (approximately €56.7 million as of the issuance date).

    CEO Review for the First Quarter of 2025

    In the first quarter, the Company’s revenues amounted to €8.9 million, an increase of approximately 9% in revenues compared to the corresponding quarter last year. These revenues do not include the Company’s share of Dorad’s revenues. The Company presented an increase of approximately 81% in EBITDA compared to the corresponding quarter last year (€2.9 million compared to €1.6 million in the corresponding quarter last year). The Company’s first quarter is a winter quarter and is characterized by low production and revenues compared to the other quarters of the year.

    In the first half of 2025, the Company recorded significant progress in the start of construction and connection to the grid of new projects, which are expected to contribute to revenue growth in the near future.

    In Italy – Financing agreements were signed for solar projects with a total capacity of 198 MW (of which 38 MW are already connected to the electricity grid), and a transaction was signed and consummated with Clal Insurance to enter as a partner (49%) in the aforementioned 198 MW. Construction work on 160 MW has begun and construction is progressing as planned. The remainder of the portfolio held by the Company (100%) is approximately 264 MW solar, of which 124 MW have received construction permits and the rest are expected to receive permits in the near future. These 264 MW are scheduled to begin construction in the last quarter of 2026.

    In the US – The Company is advancing additional solar projects with a capacity of approximately 50 MW (beyond the existing portfolio (49 MW) which has completed construction), which are expected to begin construction during 2025. The intention is that these projects will be able to enjoy the full tax benefit currently in effect. The addition of battery storage to each of the projects is also under planning.

    In the Netherlands – the Company received, after March 31, 2025, a license to increase production at the GGG facility by 64%. Licenses to increase production at the two additional facilities are in advanced stages. The new regulation for the obligation to blend green gas with fossil gas will commence according to the law in January 2027 (a delay of one year), but the targets for the first year have increased. Agreements have been signed for the sale of green certificates issued under the new regulation at a price of approximately €1 per certificate. The blending obligation is expected to significantly increase the profitability of operations in the Netherlands at current production capacity. The expected increase in production capacity from 16 million cubic meters of gas per year to around 24 million cubic meters of gas per year is expected to add significantly beyond that.

    In Israel – the Company is in negotiations with the Israeli Electricity Authority for compensation for delays and war damage to the Manara project. Ellomay Luzon (50% owned) provided a notice of exercise of its right of first refusal on the Zorlu-Phoenix transaction for the sale of Dorad’s shares. Ellomay Luzon and another shareholder exercised their right of first refusal with respect to all of the shares offered (15% of Dorad’s shares), and, subject to the timely fulfillment of the conditions to closing, Ellomay Luzon and the other shareholder are expected to share these shares in equal parts.

    In Spain – The Company’s development activity in Spain focuses on battery storage, due to the high volatility in electricity prices in Spain, which stems from an excess of renewable energy during the transition seasons and causes damage to the stability of the grid. In the Company’s assessment, the solution is a significant increase in storage capacity, which is currently at very low levels in Spain. Regulation in Spain is also starting to move in this direction.

    Use of Non-IFRS Financial Measures

    EBITDA is a non-IFRS measure and is defined as earnings before financial expenses, net, taxes, depreciation and amortization. The Company presents this measure in order to enhance the understanding of the Company’s operating performance and to enable comparability between periods. While the Company considers EBITDA to be an important measure of comparative operating performance, EBITDA should not be considered in isolation or as a substitute for net income or other statement of operations or cash flow data prepared in accordance with IFRS as a measure of profitability or liquidity. EBITDA does not take into account the Company’s commitments, including capital expenditures and restricted cash and, accordingly, is not necessarily indicative of amounts that may be available for discretionary uses. Not all companies calculate EBITDA in the same manner, and the measure as presented may not be comparable to similarly-titled measure presented by other companies. The Company’s EBITDA may not be indicative of the Company’s historic operating results; nor is it meant to be predictive of potential future results. The Company uses this measure internally as performance measure and believes that when this measure is combined with IFRS measure it add useful information concerning the Company’s operating performance. A reconciliation between results on an IFRS and non-IFRS basis is provided on page 17 of this press release.

    About Ellomay Capital Ltd.

    Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, USA and Israel.

    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

    • Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and 51% of approximately 38 MW of operating solar power plants in Italy;
    • 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
    • Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
    • 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
    • 51% of solar projects in Italy with an aggregate capacity of 160 MW that commenced construction processes;
    • Solar projects in Italy with an aggregate capacity of 134 MW that have reached “ready to build” status; and
    • Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of approximately 27 MW that are connected to the grid and additional 22 MW that are awaiting connection to the grid.

    For more information about Ellomay, visit http://www.ellomay.com.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including changes in electricity prices and demand, regulatory changes increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of the war and hostilities in Israel and Gaza and between Israel and Iran, the impact of the continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company, inability to obtain the financing required for the development and construction of projects, inability to advance the expansion of Dorad, increases in interest rates and inflation, changes in exchange rates, delays in development, construction, or commencement of operation of the projects under development, failure to obtain permits – whether within the set time frame or at all, climate change, and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com

    Ellomay Capital Ltd. and its Subsidiaries
    Condensed Consolidated Statements of Financial Position
      March 31,   December 31,   March 31,
    2025   2024   2025
    Unaudited   Audited   Unaudited
    € in thousands
    		   Convenience Translation
    into US$ in thousands*
    Assets          
    Current assets:          
    Cash and cash equivalents 35,148   41,134   38,021
    Short term deposits 36,301   –   39,268
    Restricted cash 656   656   710
    Intangible asset from green certificates 195   178   211
    Trade and revenue receivables 5,911   5,393   6,394
    Other receivables 15,518   15,341   16,786
    Derivatives asset short-term 650   146   703
      94,379   62,848   102,093
    Non-current assets          
    Investment in equity accounted investee 40,107   41,324   43,385
    Advances on account of investments 547   547   592
    Fixed assets 487,100   482,747   526,914
    Right-of-use asset 41,276   34,315   44,650
    Restricted cash and deposits 15,569   17,052   16,842
    Deferred tax 8,525   9,039   9,222
    Long term receivables 13,882   13,411   15,017
    Derivatives 19,855   15,974   21,478
      626,861   614,409   678,100
               
    Total assets 721,240   677,257   780,193
               
    Liabilities and Equity          
    Current liabilities          
    Current maturities of long-term bank loans 20,761   21,316   22,458
    Current maturities of other long-term loans 5,866   5,866   6,345
    Current maturities of debentures 47,233   35,706   51,094
    Trade payables 9,928   8,856   10,738
    Other payables 8,913   10,896   9,642
    Current maturities of derivatives 40   1,875   43
    Current maturities of lease liabilities 733   714   793
    Warrants 1,740   1,446   1,882
      95,214   86,675   102,995
    Non-current liabilities          
    Long-term lease liabilities 32,673   25,324   35,344
    Long-term bank loans 242,177   245,866   261,972
    Other long-term loans 29,578   30,448   31,996
    Debentures 186,691   155,823   201,951
    Deferred tax 2,652   2,609   2,869
    Other long-term liabilities 950   939   1,028
    Derivatives 135   288   146
      494,856   461,297   535,306
    Total liabilities 590,070   547,972   638,301
               
    Equity          
    Share capital 25,613   25,613   27,707
    Share premium 86,275   86,271   93,327
    Treasury shares (1,736)   (1,736)   (1,878)
    Transaction reserve with non-controlling Interests 5,697   5,697   6,163
    Reserves 7,381   14,338   7,984
    Accumulated deficit (3,567)   (11,561)   (3,859)
    Total equity attributed to shareholders of the Company 119,663   118,622   129,444
    Non-Controlling Interest 11,507   10,663   12,448
    Total equity 131,170   129,285   141,892
    Total liabilities and equity 721,240   677,257   780,193

    * Convenience translation into US$ (exchange rate as at March 31, 2025: euro 1 = US$ 1.082)

                    

    Ellomay Capital Ltd. and its Subsidiaries
    Condensed Consolidated Interim Statements of Profit or Loss and Other Comprehensive Income (Loss)
      For the three months
    ended March 31,    		 For the year
    ended
    December 31,    		   For the three
    months ended
    March 31,
      2025   2024   2024   2025
      Unaudited
    		   Audited   Unaudited
      € in thousands (except per share data)
    		   Convenience Translation into US$*
    Revenues 8,860   8,243   40,467   9,584
    Operating expenses (4,627)   (4,563)   (19,803)   (5,005)
    Depreciation and amortization expenses (4,238)   (4,055)   (15,887)   (4,584)
    Gross profit (loss) (5)   (375)   4,777   (5)
                   
    Project development costs (1,045)   (1,415)   (4,101)   (1,130)
    General and administrative expenses (1,662)   (1,620)   (6,063)   (1,798)
    Share of profits of equity accounted investee 1,189   1,286   11,062   1,286
    Other income 198   –   3,409   214
    Operating profit (loss) (1,325)   (2,124)   9,084   (1,433)
                   
    Financing income 11,483   631   2,495   12,422
    Financing income (expenses) in connection with derivatives and warrants, net (376)   536   1,140   (407)
    Financing expenses in connection with projects finance (1,375)   (1,501)   (6,190)   (1,487)
    Financing expenses in connection with debentures (1,741)   (1,711)   (6,641)   (1,883)
    Interest expenses on minority shareholder loan (476)   (554)   (2,144)   (515)
    Other financing expenses (294)   (713)   (8,311)   (318)
    Financing income (expenses), net 7,221   (3,312)   (19,651)   7,812
    Profit (loss) before taxes on income 5,896   (5,436)   (10,567)   6,379
    Tax benefit 922   828   1,424   997
    Profit (loss) from continuing operations 6,818   (4,608)   (9,143)   7,376
    Profit (loss) from discontinued operation (net of tax) –   (312)   137   –
    Profit (loss) for the period 6,818   (4,920)   (9,006)   7,376
    Profit (loss) attributable to:              
    Owners of the Company 7,994   (3,613)   (6,524)   8,647
    Non-controlling interests (1,176)   (1,307)   (2,482)   (1,271)
    Profit (loss) for the period 6,818   (4,920)   (9,006)   7,376
                   
    Other comprehensive income items              
    That after initial recognition in comprehensive income were or will be transferred to profit or loss:              
    Foreign currency translation differences for foreign operations (9,538)   1,124   8,007   (10,318)
    Foreign currency translation differences for foreign operations that were recognized in profit or loss –   –   255    
    Effective portion of change in fair value of cash flow hedges 4,264   10,461   5,631   4,613
    Net change in fair value of cash flow hedges transferred to profit or loss 337   457   (813)   365
    Total other comprehensive income (4,937)   12,042   13,080   (5,340)
                   
    Total other comprehensive income (loss) attributable to:              
    Owners of the Company (6,957)   6,656   10,039   (7,526)
    Non-controlling interests 2,020   5,386   3,041   2,186
    Total other comprehensive income (loss) (4,937)   12,042   13,080   (5,340)
    Total comprehensive income for the period 1,881   7,122   4,074   2,036
                   
    Total comprehensive income for the period attributable to:              
    Owners of the Company 1,037   3,043   3,515   1,121
    Non-controlling interests 844   4,079   559   915
    Total comprehensive income for the period 1,881   7,122   4,074   2,036
                   

    * Convenience translation into US$ (exchange rate as at March 31, 2025: euro 1 = US$ 1.082)

    Ellomay Capital Ltd. and its Subsidiaries
    Condensed Consolidated Interim Statements of Profit or Loss and Other Comprehensive Income (Loss) (cont’d)
      For the three months
    ended March 31,    		 For the year
    ended
    December 31,    		   For the three months
    ended March 31,
    2025   2024   2024   2025
    Unaudited
    		   Audited   Unaudited
    € in thousands (except per share data)
    		   Convenience Translation into US$*
                   
    Basic profit (loss) per share 0.62   (0.28)   (0.51)   0.67
    Diluted profit (loss) per share 0.62   (0.28)   (0.51)   0.67
                   
    Basic profit (loss) per share continuing operations 0.62   (0.31)   (0.52)   0.67
    Diluted profit (loss) per share continuing operations 0.62   (0.31)   (0.52)   0.67
                   
    Basic profit (loss) per share discontinued operation –   (0.02)   0.01   –
    Diluted profit (loss) per share discontinued operation –   (0.02)   0.01   –

    * Convenience translation into US$ (exchange rate as at March 31, 2025: euro 1 = US$ 1.082)

    Ellomay Capital Ltd. and its Subsidiaries
    Condensed Consolidated Interim Statements of Changes in Equity
              Attributable to shareholders of the Company
    		   Non- controlling   Total
                                    Interests   Equity
    Share capital   Share premium   Accumulated Deficit   Treasury shares   Translation reserve from
    foreign operations    		   Hedging Reserve   Interests Transaction reserve with
    non-controlling Interests    		   Total        
    € in thousands
                                           
    For the three months                                      
    ended March 31, 2025 (unaudited):                                      
    Balance as at January 1, 2025 25,613   86,271   (11,561)   (1,736)   8,446   5,892   5,697   118,622   10,663   129,285
    Profit for the period –   –   7,994   –   –   –   –   7,994   (1,176)   6,818
    Other comprehensive income for the period –   –   –   –   (9,329)   2,372   –   (6,957)   2,020   (4,937)
    Total comprehensive income for the period –   –   7,994   –   (9,329)   2,372   –   1,037   844   1,881
    Transactions with owners of the Company, recognized directly in equity:                                      
    Share-based payments –   4   –   –   –   –   –   4   –   4
    Balance as at March 31, 2025 25,613   86,275   (3,567)   (1,736)   (883)   8,264   5,697   119,663   11,507   131,170
                                           
    For the three months                                      
    ended March 31, 2024 (unaudited):                                      
    Balance as at January 1, 2024 25,613   86,159   (5,037)   (1,736)   385   3,914   5,697   114,995   10,104   125,099
    Loss for the period –   –   (3,613)   –   –   –   –   (3,613)   (1,307)   (4,920)
    Other comprehensive income for the period –   –   –   –   1,088   5,568   –   6,656   5,386   12,042
    Total comprehensive income (loss) for the period –   –   (3,613)   –   1,088   5,568   –   3,043   4,079   7,122
    Transactions with owners of the Company, recognized directly in equity:                                      
    Share-based payments –   30   –   –   –   –   –   30   –   30
    Balance as at March 31, 2024 25,613   86,189   (8,650)   (1,736)   1,473   9,482   5,697   118,068   14,183   132,251
    Ellomay Capital Ltd. and its Subsidiaries
    Condensed Consolidated Interim Statements of Changes in Equity (cont’d)
              Attributable to shareholders of the Company
    		   Non- controlling   Total
                                    Interests   Equity
    Share capital   Share premium   Accumulated Deficit   Treasury shares   Translation reserve from
    foreign operations    		   Hedging Reserve   Interests Transaction reserve with
    non-controlling Interests    		   Total        
    € in thousands
    For the year ended                                      
    December 31, 2024 (audited):                                      
    Balance as at January 1, 2024 25,613   86,159   (5,037)   (1,736)   385   3,914   5,697   114,995   10,104   125,099
    Loss for the year –   –   (6,524)   –   –   –   –   (6,524)   (2,482)   (9,006)
    Other comprehensive income for the year –   –   –   –   8,061   1,978   –   10,039   3,041   13,080
    Total comprehensive income (loss) for the year –   –   (6,524)   –   8,061   1,978   –   3,515   559   4,074
    Transactions with owners of the Company, recognized directly in equity:                                      
    Share-based payments –   112   –   –   –   –   –   112   –   112
    Balance as at December 31, 2024 25,613   86,271   (11,561)   (1,736)   8,446   5,892   5,697   118,622   10,663   129,285
    Ellomay Capital Ltd. and its Subsidiaries
    Condensed Consolidated Interim Statements of Changes in Equity (cont’d)
              Attributable to shareholders of the Company
    		   Non- controlling
    Interests    		   Total
    Equity
                                         
    Share capital   Share premium   Accumulated Deficit   Treasury shares   Translation reserve from
    foreign operations    		   Hedging Reserve   Interests Transaction reserve with
    non-controlling Interests    		   Total        
    Convenience translation into US$ (exchange rate as at March 31, 2025: euro 1 = US$ 1.082)
    For the three months                                      
    ended March 31, 2025 (unaudited):                                      
    Balance as at January 1, 2025 27,707   93,323   (12,506)   (1,878)   9,136   6,374   6,163   128,319   11,533   139,852
    Loss for the period –   –   8,647   –   –   –   –   8,647   (1,271)   7,376
    Other comprehensive income for the period –   –   –   –   (10,092)   2,566   –   (7,526)   2,186   (5,340)
    Total comprehensive income for the period –   –   8,647   –   (10,092)   2,566   –   1,121   915   2,036
    Transactions with owners of the Company, recognized directly in equity:                                      
    Share-based payments –   4   –   –   –   –   –   4   –   4
    Balance as at March 31, 2025 27,707   93,327   (3,859)   (1,878)   (956)   8,940   6,163   129,444   12,448   141,892
    Ellomay Capital Ltd. and its Subsidiaries
    Condensed Consolidated Interim Statements of Cash Flow
      For the three months
    ended March 31,    		 For the year
    ended
    December 31,    		   For the three months
    ended March 31,
    2025   2024   2024   2025
    Unaudited
    		   Audited   Unaudited
    € in thousands
    		   Convenience
    Translation into US$*
    Cash flows from operating activities              
    Profit (loss) for the period 6,818   (4,920)   (9,006)   7,376
    Adjustments for:              
    Financing expenses (income), net (7,221)   3,167   19,247   (7,812)
    Loss from settlement of derivatives contract –   –   316   –
    Impairment losses on assets of disposal groups classified as held-for-sale –   601   405   –
    Depreciation and amortization expenses 4,238   4,084   15,935   4,584
    Share-based payment transactions 4   30   112   4
    Share of profit of equity accounted investees (1,189)   (1,286)   (11,062)   (1,286)
    Payment of interest on loan from an equity accounted investee –   –   –   –
    Change in trade receivables and other receivables   6,178   (2,342)   (8,824)   6,683
    Change in other assets (496)   –   3,770   (537)
    Change in receivables from concessions project –   315   793   –
    Change in trade payables 1,267   (68)   (31)   1,371
    Change in other payables (5,538)   2,796   4,455   (5,796)
    Tax benefit (922)   (805)   (1,429)   (997)
    Income taxes refund (paid) –   564   623   –
    Interest received 351   907   2,537   380
    Interest paid (3,408)   (1,892)   (9,873)   (3,687)
      (6,556)   6,071   16,974   (7,093)
    Net cash from operating activities 262   1,151   7,968   283
                   
    Cash flows from investing activities              
    Acquisition of fixed assets (18,550)   (9,020)   (72,922)   (20,066)
    Interest paid capitalized to fixed assets (876)   –   (2,515)   (948)
    Proceeds from sale of investments –   –   9,267   –
    Advances on account of investments –   –   (163)   –
    Proceeds from advances on account of investments –   –   514   –
    Investment in settlement of derivatives, net –   14   (316)   –
    Proceed from restricted cash, net 1,307   1,153   689   1,414
    Proceeds from investment in short-term deposits (39,132)   (28)   1,004   (42,331)
    Net cash used in investing activities (57,251)   (7,881)   (64,442)   (61,931)
                   
    Cash flows from financing activities              
    Issuance of warrants –   3,735   2,449   –
    Cost associated with long term loans (658)   (638)   (2,567)   (712)
    Payment of principal of lease liabilities (372)   (299)   (2,941)   (402)
    Proceeds from long-term loans 306   380   19,482   331
    Repayment of long-term loans (1,792)   (2,357)   (11,776)   (1,938)
    Repayment of debentures —   –   (35,845)   –
    Proceeds from issuance of debentures, net 56,729   36,450   74,159   61,366
    Net cash from financing activities 54,213   37,271   42,961   58,645
                   
    Effect of exchange rate fluctuations on cash and cash equivalents (3,210)   1,667   3,092   (3,472)
    Increase (decrease) in cash and cash equivalents (5,986)   32,208   (10,421)   (6,475)
    Cash and cash equivalents at the beginning of year 41,134   51,555   51,127   44,496
    Cash from disposal groups classified as held-for-sale –   (1,041)   428   –
    Cash and cash equivalents at the end of the period 35,148   82,722   41,134   38,021

    * Convenience translation into US$ (exchange rate as at March 31, 2025: euro 1 = US$ 1.082)

    Ellomay Capital Ltd. and its Subsidiaries
    Operating Segments
      Italy   Spain
    		   USA   Netherlands   Israel
    		   Total        
        Subsidized   28 MV                       reportable       Total
    Solar   Plants   Solar   Talasol   Solar   Biogas   Dorad   Manara   segments   Reconciliations   consolidated
    For the three months ended March 31, 2025
    € in thousands
                                               
    Revenues 945   786   406   3,246   –   3,477   15,061   –   23,921   (15,061)   8,860
    Operating expenses (435)   (105)   (84)   (1,024)   (305)   (3,206)   (11,693)   –   (16,851)   12,224   (4,627)
    Depreciation expenses (225)   (229)   (252)   (2,839)   –   (676)   (1,268)   –   (5,489)   1,251   (4,238)
    Gross profit (loss) 313   452   84   (617)   (305)   (405)   2,100   –   1,623   (1,628)   (5)
                                               
    Adjusted gross profit (loss) 313   452   84   (617)   (305)   (405)   2,100   –   1,623   (1,628)   (5)
    Project development costs                                         (1,045)
    General and administrative expenses                                         (1,662)
    Share of loss of equity accounted investee                                         1,189
    Other income, net                                         198
    Operating profit                                         (1,325)
    Financing income                                         11,483
    Financing income in connection                                          
    with derivatives and warrants, net                                         (376)
    Financing expenses in connection with projects finance                                         (1,375)
    Financing expenses in connection with debentures                                         (1,741)
    Interest expenses on minority shareholder loan                                         (476)
    Other financing expenses                                         (294)
    Financing expenses, net                                         7,221
    Loss before taxes on income                                         5,896
                                               
    Segment assets as at March 31, 2025 87,185   13,242   19,475   223,844   60,458   32,801   108,858   180,504   726,366   (5,126)   721,240  
    Ellomay Capital Ltd. and its Subsidiaries
    Reconciliation of Profit (Loss) to EBITDA
      For the three months
    ended March 31,    		 For the year
    ended
    December 31,    		   For the three months
    ended March 31,
    2025   2024   2024   2025
    € in thousands
    		   Convenience Translation
    into US$*
    Net profit (loss) for the period 6,818   (4,920)   (9,006)   7,376
    Financing expenses (income), net (7,221)   3,312   19,651   (7,812)
    Tax benefit (922)   (828)   (1,424)   (997)
    Depreciation and amortization expenses 4,238   4,055   15,887   4,584
    EBITDA 2,913   1,619   25,108   3,151

    * Convenience translation into US$ (exchange rate as at March 31, 2025: euro 1 = US$ 1.082)

    Ellomay Capital Ltd. and its Subsidiaries
    Information for the Company’s Debenture Holders

    Financial Covenants

    Pursuant to the Deeds of Trust governing the Company’s Series C, Series D, Series E, Series F and Series G Debentures (together, the “Debentures”), the Company is required to maintain certain financial covenants. For more information, see Items 4.A and 5.B of the Company’s Annual Report on Form 20-F submitted to the Securities and Exchange Commission on April 30, 2025, and below.

    Net Financial Debt

    As of March 31, 2025, the Company’s Net Financial Debt, (as such term is defined in the Deeds of Trust of the Company’s Debentures), was approximately €170 million (consisting of approximately €3031 million of short-term and long-term debt from banks and other interest bearing financial obligations, approximately €241.42 million in connection with (i) the Series C Debentures issuances (in July 2019, October 2020, February 2021 and October 2021), (ii) the Series D Convertible Debentures issuance (in February 2021), (iii) the Series E Secured Debentures issuance (in February 2023), (iv) the Series F Debentures issuance (in January, April, August and November 2024) and (v) the Series G Debentures issuance (in February 2025)), net of approximately €71.4 million of cash and cash equivalents, short-term deposits and marketable securities and net of approximately €3033 million of project finance and related hedging transactions of the Company’s subsidiaries).

    Discussion concerning Warning Signs

    Upon the issuance of the Company’s Debentures, the Company undertook to comply with the “hybrid model disclosure requirements” as determined by the Israeli Securities Authority and as described in the Israeli prospectuses published in connection with the public offering of the company’s Debentures. This model provides that in the event certain financial “warning signs” exist in the Company’s consolidated financial results or statements, and for as long as they exist, the Company will be subject to certain disclosure obligations towards the holders of the Company’s Debentures.

    One possible “warning sign” is the existence of a working capital deficiency if the Company’s Board of Directors does not determine that the working capital deficiency is not an indication of a liquidity problem. In examining the existence of warning signs as of March 31, 2025, the Company’s Board of Directors noted the working capital deficiency as of March 31, 2025, in the amount of approximately €0.96 million. The Company’s Board of Directors reviewed the Company’s financial position, outstanding debt obligations and the Company’s existing and anticipated cash resources and uses and determined that the existence of a working capital deficiency as of March 31, 2025, does not indicate a liquidity problem. In making such determination, the Company’s Board of Directors noted the following: (i) the execution of the agreement to sell tax credits in connection with the US solar projects, which is expected to contribute approximately $19 million during the next twelve months, (ii) the Company’s positive cash flow from operating activities during 2023 and 2024, and (iii) funds received from the investment transaction with Clal Insurance Company Ltd. that was consummated in June 2025.

     

    Ellomay Capital Ltd.
    Information for the Company’s Debenture Holders (cont’d)


    Information for the Company’s Series C Debenture Holders

    The Deed of Trust governing the Company’s Series C Debentures (as amended on June 6, 2022, the “Series C Deed of Trust”), includes an undertaking by the Company to maintain certain financial covenants, whereby a breach of such financial covenants for two consecutive quarters is a cause for immediate repayment. As of March 31, 2025, the Company was in compliance with the financial covenants set forth in the Series C Deed of Trust as follows: (i) the Company’s Adjusted Shareholders’ Equity (as defined in the Series C Deed of Trust) was approximately €116.6 million, (ii) the ratio of the Company’s Net Financial Debt (as set forth above) to the Company’s CAP, Net (defined as the Company’s Adjusted Shareholders’ Equity plus the Net Financial Debt) was 59.3%, and (iii) the ratio of the Company’s Net Financial Debt to the Company’s Adjusted EBITDA,4 was 6.3.

    The following is a reconciliation between the Company’s profit and the Adjusted EBITDA (as defined in the Series C Deed of Trust) for the four-quarter period ended March 31, 2025:

        For the four-quarter period
    ended M    arch 31, 2025
      Unaudited
      € in thousands
    Profit for the period   2,274
    Financing expenses, net   9,118
    Taxes on income   (1,641)
    Depreciation and amortization expenses   16,651
    Share-based payments   86
    Adjustment to revenues of the Talmei Yosef PV Plant due to calculation based on the fixed asset model   484
    Adjusted EBITDA as defined the Series C Deed of Trust   26,972

    The Series C Debentures were fully repaid on June 30, 2025 in accordance with their terms. 

    Ellomay Capital Ltd.
    Information for the Company’s Debenture Holders (cont’d)

    Information for the Company’s Series D Debenture Holders

    The Deed of Trust governing the Company’s Series D Debentures includes an undertaking by the Company to maintain certain financial covenants, whereby a breach of such financial covenants for the periods set forth in the Series D Deed of Trust is a cause for immediate repayment. As of March 31, 2025, the Company was in compliance with the financial covenants set forth in the Series D Deed of Trust as follows: (i) the Company’s Adjusted Shareholders’ Equity (as defined in the Series D Deed of Trust) was approximately €116.6 million, (ii) the ratio of the Company’s Net Financial Debt (as set forth above) to the Company’s CAP, Net (defined as the Company’s Adjusted Shareholders’ Equity plus the Net Financial Debt) was 59.3%, and (iii) the ratio of the Company’s Net Financial Debt to the Company’s Adjusted EBITDA5 was 6.1.

    The following is a reconciliation between the Company’s profit and the Adjusted EBITDA (as defined in the Series D Deed of Trust) for the four-quarter period ended March 31, 2025:

        For the four-quarter period
    ended M    arch 31, 2025
      Unaudited
      € in thousands
    Loss for the period   2,274
    Financing expenses, net   9,118
    Taxes on income   (1,641)
    Depreciation and amortization expenses   16,651
    Share-based payments   86
    Adjustment to revenues of the Talmei Yosef PV Plant due to calculation based on the fixed asset model   484
    Adjustment to data relating to projects with a Commercial Operation Date during the four preceding quarters6   899
    Adjusted EBITDA as defined the Series D Deed of Trust   27,871
    Ellomay Capital Ltd.
    Information for the Company’s Debenture Holders (cont’d)


    Information for the Company’s Series E Debenture Holders

    The Deed of Trust governing the Company’s Series E Debentures includes an undertaking by the Company to maintain certain financial covenants, whereby a breach of such financial covenants for the periods set forth in the Series E Deed of Trust is a cause for immediate repayment. As of March 31, 2025, the Company was in compliance with the financial covenants set forth in the Series E Deed of Trust as follows: (i) the Company’s Adjusted Shareholders’ Equity (as defined in the Series E Deed of Trust) was approximately €116.6 million, (ii) the ratio of the Company’s Net Financial Debt (as set forth above) to the Company’s CAP, Net (defined as the Company’s Adjusted Shareholders’ Equity plus the Net Financial Debt) was 59.3%, and (iii) the ratio of the Company’s Net Financial Debt to the Company’s Adjusted EBITDA7 was 6.1.

    The following is a reconciliation between the Company’s profit and the Adjusted EBITDA (as defined in the Series E Deed of Trust) for the four-quarter period ended March 31, 2025:

        For the four-quarter period
    ended March 31, 2025
      Unaudited
      € in thousands
    Profit for the period   2,274
    Financing expenses, net   9,118
    Taxes on income   (1,641)
    Depreciation and amortization expenses   16,651
    Share-based payments   86
    Adjustment to revenues of the Talmei Yosef PV Plant due to calculation based on the fixed asset model   484
    Adjustment to data relating to projects with a Commercial Operation Date during the four preceding quarters8   899
    Adjusted EBITDA as defined the Series E Deed of Trust   27,871
         

    In connection with the undertaking included in Section 3.17.2 of Annex 6 of the Series E Deed of Trust, no circumstances occurred during the reporting period under which the rights to loans provided to Ellomay Luzon Energy Infrastructures Ltd. (formerly U. Dori Energy Infrastructures Ltd. (“Ellomay Luzon Energy”)), which were pledged to the holders of the Company’s Series E Debentures, will become subordinate to the amounts owed by Ellomay Luzon Energy to Israel Discount Bank Ltd.

    As of March 31, 2025, the value of the assets pledged to the holders of the Series E Debentures in the Company’s books (unaudited) is approximately €40.1 million (approximately NIS 161.3 million based on the exchange rate as of such date).

    Ellomay Capital Ltd. and its Subsidiaries
    Information for the Company’s Debenture Holders (cont’d)

    Information for the Company’s Series F Debenture Holders

    The Deed of Trust governing the Company’s Series F Debentures includes an undertaking by the Company to maintain certain financial covenants, whereby a breach of such financial covenants for the periods set forth in the Series F Deed of Trust is a cause for immediate repayment. As of March 31, 2025, the Company was in compliance with the financial covenants set forth in the Series F Deed of Trust as follows: (i) the Company’s Adjusted Shareholders’ Equity (as defined in the Series F Deed of Trust) was approximately €115.9 million, (ii) the ratio of the Company’s Net Financial Debt (as set forth above) to the Company’s CAP, Net (defined as the Company’s Adjusted Shareholders’ Equity plus the Net Financial Debt) was 59.4%, and (iii) the ratio of the Company’s Net Financial Debt to the Company’s Adjusted EBITDA9 was 6.1.

    The following is a reconciliation between the Company’s profit and the Adjusted EBITDA (as defined in the Series F Deed of Trust) for the four-quarter period ended March 31, 2025:

        For the four-quarter period
    ended March 31, 2025
      Unaudited
      € in thousands
    Profit for the period   2,274
    Financing expenses, net   9,118
    Taxes on income   (1,641)
    Depreciation and amortization expenses   16,651
    Share-based payments   86
    Adjustment to revenues of the Talmei Yosef PV Plant due to calculation based on the fixed asset model   484
    Adjustment to data relating to projects with a Commercial Operation Date during the four preceding quarters10   899
    Adjusted EBITDA as defined the Series F Deed of Trust   27,871
         
    Ellomay Capital Ltd. and its Subsidiaries
    Information for the Company’s Debenture Holders (cont’d)


    Information for the Company’s Series G Debenture Holders

    The Deed of Trust governing the Company’s Series G Debentures includes an undertaking by the Company to maintain certain financial covenants, whereby a breach of such financial covenants for the periods set forth in the Series G Deed of Trust is a cause for immediate repayment. As of March 31, 2025, the Company was in compliance with the financial covenants set forth in the Series G Deed of Trust as follows: (i) the Company’s Adjusted Shareholders’ Equity (as defined in the Series G Deed of Trust) was approximately €115.9 million, (ii) the ratio of the Company’s Net Financial Debt (as set forth above) to the Company’s CAP, Net (defined as the Company’s Adjusted Shareholders’ Equity plus the Net Financial Debt) was 59.4%, and (iii) the ratio of the Company’s Net Financial Debt to the Company’s Adjusted EBITDA11 was 6.1.

    The following is a reconciliation between the Company’s profit and the Adjusted EBITDA (as defined in the Series G Deed of Trust) for the four-quarter period ended March 31, 2025:

        For the four-quarter period ended March 31, 2025
      Unaudited
      € in thousands
    Profit for the period   2,274
    Financing expenses, net   9,118
    Taxes on income   (1,641)
    Depreciation and amortization expenses   16,651
    Share-based payments   86
    Adjustment to revenues of the Talmei Yosef PV Plant due to calculation based on the fixed asset model   484
    Adjustment to data relating to projects with a Commercial Operation Date during the four preceding quarters12   899
    Adjusted EBITDA as defined the Series G Deed of Trust   27,871
         

    ____________________________
    1 The amount of short-term and long-term debt from banks and other interest-bearing financial obligations provided above, includes an amount of approximately €4.5 million costs associated with such debt, which was capitalized and therefore offset from the debt amount that is recorded in the Company’s balance sheet.

    2 The amount of the debentures provided above includes an amount of approximately €6.7 million associated costs, which was capitalized and discount or premium and therefore offset from the debentures amount that is recorded in the Company’s balance sheet. This amount also includes the accrued interest as at March 31, 2025 in the amount of approximately €0.8 million.

    3 The project finance amount deducted from the calculation of Net Financial Debt includes project finance obtained from various sources, including financing entities and the minority shareholders in project companies held by the Company (provided in the form of shareholders’ loans to the project companies).

    4 The term “Adjusted EBITDA” is defined in the Series C Deed of Trust as earnings before financial expenses, net, taxes, depreciation and amortization, where the revenues from the Company’s operations, such as the Talmei Yosef solar plant, are calculated based on the fixed asset model and not based on the financial asset model (IFRIC 12), and before share-based payments. The Series C Deed of Trust provides that for purposes of the financial covenant, the Adjusted EBITDA will be calculated based on the four preceding quarters, in the aggregate. The Adjusted EBITDA is presented in this press release as part of the Company’s undertakings towards the holders of its Series C Debentures. For a general discussion of the use of non-IFRS measures, such as EBITDA and Adjusted EBITDA see above under “Use of NON-IFRS Financial Measures.”

    5 The term “Adjusted EBITDA” is defined in the Series D Deed of Trust as earnings before financial expenses, net, taxes, depreciation and amortization, where the revenues from the Company’s operations, such as the Talmei Yosef PV Plant, are calculated based on the fixed asset model and not based on the financial asset model (IFRIC 12), and before share-based payments, when the data of assets or projects whose Commercial Operation Date (as such term is defined in the Series D Deed of Trust) occurred in the four quarters that preceded the relevant date will be calculated based on Annual Gross Up (as such term is defined in the Series D Deed of Trust). The Series D Deed of Trust provides that for purposes of the financial covenant, the Adjusted EBITDA will be calculated based on the four preceding quarters, in the aggregate. The Adjusted EBITDA is presented in this press release as part of the Company’s undertakings towards the holders of its Series D Debentures. For a general discussion of the use of non-IFRS measures, such as EBITDA and Adjusted EBITDA see above under “Use of NON-IFRS Financial Measures.”

    6 The adjustment is based on the results of solar plants in Italy that were connected to the grid and commenced delivery of electricity to the grid during the year ended December 31, 2024 (two plants) and the three months ended March 31, 2025 (one plant). The Company recorded revenues and only direct expenses in connection with these solar plants from the connection to the grid and until PAC (Preliminary Acceptance Certificate – reached with respect to two of the three plants during the fourth quarter of 2024). However, for the sake of caution, the Company included the expected fixed expenses in connection with these solar plants in the calculation of the adjustment.

    7 The term “Adjusted EBITDA” is defined in the Series E Deed of Trust as earnings before financial expenses, net, taxes, depreciation and amortization, where the revenues from the Company’s operations, such as the Talmei Yosef PV Plant, are calculated based on the fixed asset model and not based on the financial asset model (IFRIC 12), and before share-based payments, when the data of assets or projects whose Commercial Operation Date (as such term is defined in the Series E Deed of Trust) occurred in the four quarters that preceded the relevant date will be calculated based on Annual Gross Up (as such term is defined in the Series E Deed of Trust). The Series E Deed of Trust provides that for purposes of the financial covenant, the Adjusted EBITDA will be calculated based on the four preceding quarters, in the aggregate. The Adjusted EBITDA is presented in this press release as part of the Company’s undertakings towards the holders of its Series E Debentures. For a general discussion of the use of non-IFRS measures, such as EBITDA and Adjusted EBITDA see above under “Use of NON-IFRS Financial Measures.”

    8 The adjustment is based on the results of solar plants in Italy that were connected to the grid and commenced delivery of electricity to the grid during the year ended December 31, 2024 (two plants) and the three months ended March 31, 2025 (one plant). The Company recorded revenues and only direct expenses in connection with these solar plants from the connection to the grid and until PAC (Preliminary Acceptance Certificate – reached with respect to two of the three plants during the fourth quarter of 2024). However, for the sake of caution, the Company included the expected fixed expenses in connection with these solar plants in the calculation of the adjustment.

    9 The term “Adjusted EBITDA” is defined in the Series F Deed of Trust as earnings before financial expenses, net, taxes, depreciation and amortization, where the revenues from the Company’s operations, such as the Talmei Yosef PV Plant, are calculated based on the fixed asset model and not based on the financial asset model (IFRIC 12), and before share-based payments, when the data of assets or projects whose Commercial Operation Date (as such term is defined in the Series F Deed of Trust) occurred in the four quarters that preceded the relevant date will be calculated based on Annual Gross Up (as such term is defined in the Series F Deed of Trust). The Series F Deed of Trust provides that for purposes of the financial covenant, the Adjusted EBITDA will be calculated based on the four preceding quarters, in the aggregate. The Adjusted EBITDA is presented in this press release as part of the Company’s undertakings towards the holders of its Series F Debentures. For a general discussion of the use of non-IFRS measures, such as EBITDA and Adjusted EBITDA see above under “Use of Non-IFRS Financial Measures.”

    10 The adjustment is based on the results of solar plants in Italy that were connected to the grid and commenced delivery of electricity to the grid during the year ended December 31, 2024 (two plants) and the three months ended March 31, 2025 (one plant). The Company recorded revenues and only direct expenses in connection with these solar plants from the connection to the grid and until PAC (Preliminary Acceptance Certificate – reached with respect to two of the three plants during the fourth quarter of 2024). However, for the sake of caution, the Company included the expected fixed expenses in connection with these solar plants in the calculation of the adjustment.

    11 The term “Adjusted EBITDA” is defined in the Series G Deed of Trust as earnings before financial expenses, net, taxes, depreciation and amortization, where the revenues from the Company’s operations, such as the Talmei Yosef PV Plant, are calculated based on the fixed asset model and not based on the financial asset model (IFRIC 12), and before share-based payments, when the data of assets or projects whose Commercial Operation Date (as such term is defined in the Series G Deed of Trust) occurred in the four quarters that preceded the relevant date will be calculated based on Annual Gross Up (as such term is defined in the Series G Deed of Trust). The Series G Deed of Trust provides that for purposes of the financial covenant, the Adjusted EBITDA will be calculated based on the four preceding quarters, in the aggregate. The Adjusted EBITDA is presented in this press release as part of the Company’s undertakings towards the holders of its Series G Debentures. For a general discussion of the use of non-IFRS measures, such as EBITDA and Adjusted EBITDA see above under “Use of Non-IFRS Financial Measures.”

    12 The adjustment is based on the results of solar plants in Italy that were connected to the grid and commenced delivery of electricity to the grid during the year ended December 31, 2024 (two plants) and the three months ended March 31, 2025 (one plant). The Company recorded revenues and only direct expenses in connection with these solar plants from the connection to the grid and until PAC (Preliminary Acceptance Certificate – reached with respect to two of the three plants during the fourth quarter of 2024). However, for the sake of caution, the Company included the expected fixed expenses in connection with these solar plants in the calculation of the adjustment.

    The MIL Network –

  • MIL-OSI Africa: CORRECTION: African Development Bank, Asian Infrastructure Investment Bank (AIIB) sign Memorandum of Understanding (MOU) renewing their collaboration on sustainable economic development for Africa

    The African Development Bank (www.AfDB.org) and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on sustainable economic development, designed to boost infrastructure development and economic opportunities across the African continent.

    The Memorandum of Understanding, which builds on an earlier one in 2018, was signed by African Development Bank president, Dr. Akinwumi Adesina, and AIIB President and Chair of the Board of Directors Jin Liqun on Saturday 28 June. The signing took place on the sidelines of a meeting of Heads of Multilateral Development Banks held in Paris, France, the same day.

    The agreement outlines continued collaboration from both parties in six priority areas, aligned with the Bank Group’s Ten-Year Strategy 2024–2033 as well as AIIB’s Corporate Strategy and its Strategy on Financing Operations in Non-Regional Members. The areas are:

    (i) Green infrastructure

    (ii) Industrialization

    (iii) Private capital mobilization including Public – Private Partnerships

    (iv) Cross-border-connectivity

    (v) Digitalization; and

    (vi) Policy-based financing

    The MOU will promote among other things, co-financing, co-guaranteeing and other forms of joint participation in financial assistance for development projects primarily in sustainable infrastructure. The African Development Bank and AIIB’s existing cooperation in this area, includes providing guarantees to support the issuance of Egypt’s first Sustainable Panda Bond in 2023, valued at RMB 3.5 billion.

    This historic issuance—backed by guarantees from both AfDB and AIIB—marked the first African sovereign bond placed in the Chinese interbank bond market. The guarantees provided by the two triple-A-rated multilateral banks were instrumental in de-risking the transaction, enabling Egypt to secure competitive terms and attract investor confidence.

    “This partnership continues to be an effective pathway to provide economic development for our member countries, especially in infrastructure. By reaffirming today, we are boosting energy access by accelerating Mission 300 which is targeting to connect 300 million people to electricity by 2030,” Dr Adesina said.

    Mr. Jin Liqun remarked: “The renewal of our partnership with the African Development Bank reflects AIIB’s commitment to supporting sustainable development beyond Asia. Through this collaboration, we can leverage our combined expertise to deliver transformative projects that will benefit millions across the continent and create prosperity through quality infrastructure investment.”

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Editor’s note:
    This press release is re-issued to correct an error in the number of members AIIB has worldwide. An earlier version issued today 30 June, incorrectly stated that it has 84 members, instead of 110.

    Contact:
    Amba Mpoke-Bigg
    Communication and External Relations Department
    Email: media@afdb.org

    About the Asian Infrastructure Investment Bank (AIIB):
    The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “infrastructure for tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 110 approved members worldwide, is capitalized at USD100 billion and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity.

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    MIL OSI Africa –

  • MIL-OSI Canada: Joint Statement of the G7 Foreign Ministers on Iran and the Middle East

    Source: Government of Canada News

    June 30, 2025 – Ottawa, Ontario – Global Affairs Canada

    We the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America, and the High Representative of the European Union, met in The Hague on June 25, 2025, where we discussed recent events in the Middle East.

    We reiterate our support for the ceasefire between Israel and Iran announced by U.S. President Trump, and urge all parties to avoid actions that could further destabilize the region.

    We appreciate Qatar’s important role in facilitating the ceasefire and express our full solidarity to Qatar and Iraq following the recent strikes by Iran and its proxies and partners against their territory. We welcome all efforts in the region towards stabilization and de-escalation.

    We reaffirm that the Islamic Republic of Iran can never have nuclear weapons, and urge Iran to refrain from reconstituting its unjustified enrichment activities. We call for the resumption of negotiations, resulting in a comprehensive, verifiable and durable agreement that addresses Iran’s nuclear program.

    In order to have a sustainable and credible resolution, we call on Iran to urgently resume full cooperation with the International Atomic Energy Agency (IAEA) as required by its safeguards obligations and to provide the IAEA with verifiable information about all nuclear material in Iran, including by providing access to IAEA inspectors. We condemn calls in Iran for the arrest and execution of IAEA Director General Grossi

    We underscore the centrality of the Nuclear Non-Proliferation Treaty (NPT) as the cornerstone of the global nuclear non-proliferation regime. It is essential that Iran remains party to and fully implements its obligations under the Treaty.

    We reiterate our commitment to peace and stability in the Middle East. In this context, we reaffirm that Israel has a right to defend itself. We reiterate our support for the security of Israel.

    MIL OSI Canada News –

  • MIL-OSI United Kingdom: Foreign, Commonwealth and Development Office summons Georgian Chargé d’Affaires – 30 June 2025

    Source: United Kingdom – Executive Government & Departments

    News story

    Foreign, Commonwealth and Development Office summons Georgian Chargé d’Affaires – 30 June 2025

    The Foreign, Commonwealth and Development Office protests Georgian Dreams crackdown on civil society, independent media and critical voice in Georgia

    Today (30 June 2025), the Georgian Chargé d’Affaires was summoned to the Foreign, Commonwealth and Development Office, where a senior official made clear the UK’s firm opposition to their country’s increasingly harmful trajectory and strongly objected to false claims and public attacks launched by Georgian Dream against the UK and international partners.

    An FCDO Spokesperson said:

    “The imprisonment of prominent opposition leaders is the latest attempt by the Georgian government to crack down on freedoms and stifle dissent.

    “The detention of election rivals is incompatible with any remaining Euro-Atlantic aspirations held by Georgian Dream as well as their own constitutional commitments.

    “The UK Government will not hesitate to consider further action should Georgia not return to respecting and upholding democracy, freedoms, and human rights.”

    Updates to this page

    Published 30 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: UNDRR deepens support for local resilience at the 12th European Urban Resilience Forum

    Source: UNISDR Disaster Risk Reduction

    The 12th European Urban Resilience Forum (EURESFO), held in Rotterdam, the Netherlands from 25-27 June 2025, provided an important platform for urban resilience practitioners to reinforce their commitment to accelerating local action on resilience, climate adaptation, and disaster risk reduction in the context of growing urban challenges. 

    As urban areas in Europe and beyond face cascading risks-from heatwaves and floods to geopolitical instability and infrastructure stress-UNDRR used the platform to underscore the critical role of local governments in driving meaningful disaster risk reduction and climate adaptation. 

    In a video message to the Forum’s opening plenary, Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction, emphasized three global priorities: strengthening local implementation of DRR strategies, unlocking resilience financing, and scaling up community-driven innovation. 

    “If we do not reduce risk at the local level, we will not succeed in reducing losses at the global level,” he stated, calling for stronger investment and partnerships to translate plans into action. 

    UNDRR’s active engagement throughout the Forum showcased its commitment to supporting cities through the Making Cities Resilient 2030 (MCR2030) initiative. Yigyeong Oh, MCR2030 Regional Focal Point for Europe and Central Asia, spoke in multiple sessions, including the opening plenary “Resilience in Crisis: Accelerating Action for a Just Future” and the panel discussion “Building Urban Resilience in an Era of Polycrisis: The Holistic Agenda.” She highlighted how MCR2030 has grown into a global movement of over 1,850 cities, supporting local governments with risk-informed governance, resilience assessments, and stakeholder collaboration. 

    “In a time of polycrisis, resilience is not a siloed agenda,” Oh noted. “Cities are facing overlapping challenges-climate shocks, economic pressures, and social inequality-and MCR2030 enables them to plan holistically, act collectively, and learn globally.” 

    UNDRR also co-moderated the workshop “Local Action to Address Extreme Heat – CitiesHitRefresh,” which addressed one of the fastest growing disaster risks in Europe. Zdravko Maxomovic from Kraljevo, an MCR2030 city from Serbia, shared its practical experiences in managing heat risks and contributing to the upcoming second edition of UNDRR’s Flames of Change report, a knowledge product documenting inclusive urban resilience solutions. 

    Nature-based solutions were another key theme. UNDRR supported the session “Collaborate, Educate, Transform: Building the Future of Nature-Based Solutions in Cities,” where Małgorzata Bartyna-Zielińska from the City of Wrocław, an MCR2030 Resilience Hub, presented its award-winning LifeCOOLCity project. The session underscored the power of peer learning through networks like MCR2030.

    Beyond technical sessions, UNDRR joined ICLEI and other partners for a side meeting with Ukrainian cities, including Lviv, an MCR2030 Resilience Hub, focused on the Ukraine Recovery Roadmap and aligning international support with local resilience priorities. 

    UNDRR also pitched the MCR2030 Climate Resilience Addendum to the Disaster Resilience Scorecard for Cities during the pitch session, offering cities a practical tool to assess and enhance resilience to climate-related risks. 

    As the Forum concluded, a common message resonated across sessions: Europe has a unique role in shaping standards, fostering multilevel governance, and investing in long-term resilience. UNDRR reaffirmed its commitment to advancing these goals by supporting local governments with tools, knowledge, and partnerships through MCR2030 and other initiatives. With the urgency of accelerating resilience action, the Forum reinforced the need for collective action-local leadership supported by global collaboration-to ensure no city is left behind.

    MIL OSI United Nations News –

  • MIL-OSI Economics: Members spotlight transparency and development in discussions on standards and regulations

    Source: WTO

    Headline: Members spotlight transparency and development in discussions on standards and regulations

    Daniela García of Ecuador handed over the Committee Chairperson role to Beatriz Stevens of the United Kingdom.
    Transparency and notification practices
    The week opened with a special meeting on transparency, featuring speakers from various regions, complemented by interactive discussions in breakout groups among all members. Representatives from TBT Enquiry Points shared their experiences on domestic institutional arrangements related to transparency, on opportunities to comment on members’ notifications and on ensuring timely preparation and submission of TBT notifications. Speakers emphasized the importance of timely consultation of all stakeholders in the regulatory process to improve the quality of regulations.
    Representatives from the private sector shared how they use the ePing platform to track, in real time, the 4,000+ notifications on product requirements circulated annually. They shared examples of how members viewed technical comments positively in the development of regulations, helping to further align them with international standards and avoid unnecessary trade disruptions.
    Throughout the session, members highlighted the benefits of using ePing to track information and meet transparency obligations. They welcomed the launch of a new feature in ePing where users can quickly receive translations of notified texts from non-WTO official languages into English, French and Spanish.  They also made suggestions to further facilitate stakeholders’ access to ePing and keep track of developments in product regulations.
    Members noted the significant progress made by the TBT Committee in strengthening transparency practices since the last special meeting in 2023. This includes the adoption of updates and improvements to the notification templates and guidelines as well as the finalization of a good practice guide for commenting . These improvements build on the work of the Transparency Working Group, reflecting continued efforts to streamline procedures and enhance access to information.  The recording of the special meeting can be watched here.
    Thematic session: special and differential treatment 
    A dedicated thematic session held on 24 June examined how developing and least-developed country members can better use flexibilities under the TBT Agreement. In particular, the session explored members’ experiences in using special and differential treatment disciplines under the Agreement, members’ engagement in the Committee’s work and the need for targeted capacity-building activities, including for developing quality infrastructure.
    The session drew on the themes of the Thirteenth WTO Ministerial Conference Declaration on Special and Differential Treatment, with the participation of Ambassador Kadra Hassan of Djibouti, Chair of the Committee on Trade and Development in Special Session. The panel discussion featured speakers from Brazil, Cambodia, Ecuador, Kenya, Senegal, Uganda, Viet Nam and Zambia. The recording of the session can be watched here. 
    Specific trade concerns 
    A total of 78 trade concerns regarding members’ proposed and final TBT regulations were raised at the Committee’s regular meeting. Among these, 20 were raised for the first time. The full list is available here. 
    The new trade concerns addressed a wide variety of regulatory issues related to home appliances, cotton bales, industrial chemicals, energy and warehouse storage systems, electrical equipment safety, biodegradable plastic products, and vehicles, among others. 
    Japan reported that progress was made on the trade concerns it had raised on certain provisions of China’s standard for information security technology for office devices, noting that such provisions have now been deleted, and thanking China for its cooperation.
    Side events and training: practical tools and partnerships
    Two ePing training sessions, led by the WTO Secretariat, were held on 25 and 26 June. 
    In addition, three side events were organized. The United States hosted a workshop on international standards for food and agriculture traceability on 24 June, led by the standards organization ASTM. On 25 June, the International Trade Centre showcased how quality and sustainability standards support development, with a case study from Burundi and a demonstration of the Standards Map tool.  On 26 June, the United Kingdom and the International Chamber of Commerce UK led a session on market access challenges and how tools such as ePing can support private sector engagement in members’ work on TBT and on sanitary and phytosanitary measures.
    What is next?
    The next TBT Committee meetings will be held from 10 to 14 November. Thematic sessions will focus on international standards for critical and emerging technologies, including AI, semiconductors and positioning systems, as well as good regulatory practices and metrology. A cross-cutting discussion on non-tariff measures under the WTO Information Technology Agreement will also be scheduled.

    Share

    MIL OSI Economics –

  • MIL-OSI Economics: Members explore technology transfer case studies, patent information, trade-related IP data

    Source: WTO

    Headline: Members explore technology transfer case studies, patent information, trade-related IP data

    Discussions at the meeting saw a high level of engagement by delegations. Members highlighted how voluntary technology transfer to developing economies can boost innovation, productivity and development, drawing on sectoral case studies. They also focused on better harnessing information from expired patents and underlined the importance of systematic, transparent reporting on global IP trade flows.
    A paper entitled “Intellectual Property and Innovation: Technology Transfer case studies” was submitted by Australia, Canada, the European Union, Israel, Japan, the Republic of Korea, New Zealand, Singapore, Switzerland, Chinese Taipei, the United Kingdom and the United States.
    The paper highlights how technology enhances productivity, competitiveness, growth and development, motivating countries to foster an environment that attracts voluntary technology transfer and innovation. The paper invites members to submit case studies on voluntary transfers of patent-protected or trade secret technologies and highlights the importance of domestic policies and capacity-building. The aim of the paper is to inform TRIPS Council discussions on incentivizing mutually beneficial technology transfer to address global challenges.
    The paper indicates that practical examples are useful in illustrating how technology transfer occurs across sectors such as agriculture, sustainability and manufacturing. IP offices and WIPO GREEN,  an online platform for technology exchange, provide case studies and opportunities to promote green technology exchange. TRIPS Article 66.2 on technology transfer details incentives for transfer to least-developed countries (LDCs). In public health, the Medicines Patent Pool (MPP) enables voluntary sublicensing of patented treatments, increasing access to lifesaving medicines and supporting local production.
    Colombia submitted a communication titled “After-life of patents” proposing joint efforts ahead of the 14th WTO Ministerial Conference (MC14), to be held in Cameroon in March 2026, to explore better use of patent information, potentially expanding the discussion to copyrighted works. The proposal envisions a cooperative WTO approach, without affecting debates on the need for balance in IP protection. Colombia said it is considering an MC14 decision where members would agree to make patent disclosures publicly accessible, promote good practices for their use, permit artificial intelligence (AI) training on such data, and establish a global, publicly accessible repository for such information. 
    Colombia submitted a second paper for discussion: “Trade-Related Figures of Intellectual Property at the WTO: The Case of IP Royalties at the Global Level”. The paper argues that since the TRIPS Agreement’s adoption in 1995, WTO members have applied common IP standards yet little focus has been placed on trade-related IP metrics. Unlike goods and services, IP trade flows – such as royalty payments – receive limited, inconsistent attention in WTO data. Occasional studies exist but lack regularity. However, reliable data is available through IMF and World Bank sources, which track cross-border royalty payments in national balance of payments statistics, offering an important resource for understanding global IP trade dynamics.
    The paper suggests the WTO should implement systematic, detailed reporting on IP-related financial flows, integrating this data into TRIPS Council updates, Trade Policy Reviews and WTO databases. Disaggregated by IP category, such data would support informed policy decisions and foster balanced, evidence-based debate on the global IP regime.
    Notifications
    Members were updated on notifications under various provisions of the TRIPS Agreement that the Council has received since its last meeting in March.
    The Chair of the Council, Emmanuelle Ivanov-Durand of France, said that the pace of notifications to the Council has increased in recent years, but they are still not keeping up with the actual development of laws and regulations relating to TRIPS. She emphasized that TRIPS Article 63.2 is not a “one-off” requirement but a core element of TRIPS transparency and a central part of the Council’s work. It obliges members to notify new or amended laws on TRIPS, including those recently adopted to address the COVID-19 pandemic.
    This requirement includes the notification of legislative changes to implement the special compulsory licensing system to export medicines covered by TRIPS Article 31bis. The notification of relevant laws and regulations can assist members in preparing for the potential use of the system. It would also help the WTO Secretariat in its efforts to provide informed technical support to members.   
    The Chair recalled that the e-TRIPS Submission System is available for members to easily notify their laws and to make other required submissions to the TRIPS Council. The platform also permits digital access, consultation and analysis of information through the e-TRIPS Gateway, an easy-to-use interface to search and display information related to the TRIPS Council.
    Members agreed to test the e-Agenda tool at the next TRIPS Council meeting on a trial, non-committal basis. Developed by the Secretariat and already in use across over 20 WTO bodies, the e-Agenda enhances transparency, organization and access to meeting documents and statements. The Chair stressed that implementation costs would be minimal, with a tailored prototype and training available. The trial aims to assess the practical value of the tool without altering established procedures.
    Non-violation and situation complaints
    Members repeated their well-known positions on the issue of non-violation and situation complaints (NVSCs) under the TRIPS Agreement. With less than a year to go to the 14th WTO Ministerial Conference (MC14), the Chair reminded members that it is a ministerial mandate for the Council to examine the scope and modalities for NVSCs, and that members should make serious efforts to do so.
    The Chair noted that members have not displayed much appetite for advancing substantive discussions in this area. If this situation persists in the coming months, it is difficult to foresee any outcome in this area at MC14 other than an extension of the moratorium or its expiry, she noted. She suggested that if discussion on this matter is going to be limited to choosing between these two options, members could decide in Geneva ahead of MC14.
    At the 13th Ministerial Conference (MC13) in Abu Dhabi in 2024, ministers adopted a Decision on TRIPS Non-Violation and Situation Complaints, instructing the TRIPS Council to continue reviewing the issue and submit recommendations to MC14. Until then, members agreed not to initiate such complaints under the TRIPS Agreement.
    The Decision on TRIPS Non-Violation and Situation Complaints concerns whether and how WTO members can bring disputes to the WTO alleging that an action or situation has nullified expected benefits under the TRIPS Agreement, even without a specific violation.
    Other issues
    WTO members continued talks on how to proceed on the long overdue review of the implementation of the TRIPS Agreement. Under Article 71.1, the TRIPS Council is required to conduct a review of the implementation of the Agreement after two years and at periodic intervals thereafter. However, the initial review in 1999 was never completed and no review has subsequently been initiated.
    The Chair recalled that members were able to propose last year a process for the first review, which ultimately could not be adopted. After holding informal consultations in May with the most active member on this issue to find a way forward, the Chair has concluded that the concerns that prevented the adoption of the proposal remain.
    Ms Ivanov-Durand noted that the mandate set out in TRIPS Article 71.1 is highly significant and encouraged delegations to keep working towards the initiation of the implementation review. A number of delegations expressed their willingness to continue discussions on this issue. The Chair expressed her availability to conduct further informal consultations once there is greater likelihood of members agreeing on how to make substantial progress.
    The Council did not agree on renewing the invitation to the European Free Trade Association (EFTA) to participate in the TRIPS Council as ad hoc observer. This invitation had been renewed on a meeting-to-meeting basis since 2012. A number of members said that the current list of observers is not balanced and asked the Council to reassess the situation with regards other international intergovernmental organizations whose requests have been pending for years. It was suggested that the Chair could address this issue in the technical meetings she is planning with members.
    The updated list of pending requests for observer status in the TRIPS Council by intergovernmental organizations is contained in document IP/C/W/52/Rev.14.
    The Chair said that there have been no new acceptances of the protocol amending the TRIPS Agreement since the last Council meeting. This means that, to date, the amended TRIPS Agreement applies to 141 members. Twenty-five members have yet to accept the Protocol. The current period for accepting the protocol runs until 31 December 2025.  
    Next meeting
    The next regular meeting of the TRIPS Council is scheduled for 10-11 November 2025.

    Share

    MIL OSI Economics –

  • MIL-OSI Economics: Thales Alenia Space to develop SOLiS very-high-throughput laser communications demonstrator

    Source: Thales Group

    Headline: Thales Alenia Space to develop SOLiS very-high-throughput laser communications demonstrator

    Cannes, June 30th, 2025 – Thales Alenia Space, the joint venture between Thales (67%) and Leonardo (33%), has been selected by the French space agency CNES, as part of the space component of the France 2030 program launched by the French government, to devel…

    MIL OSI Economics –

  • MIL-OSI United Nations: UN Secretary-General’s remarks at the launch of the Sevilla Platform for Action [bilingual as delivered; scroll down for all-English]

    Source: United Nations secretary general

    Señor Presidente del Gobierno, querido Pedro Sánchez, Excelencias, señoras y señores:
     
    Gracias por unirse a este lanzamiento de la Plataforma de Acción de Sevilla.
     
    Estimado Presidente: felicito a usted y a su Gobierno por su visión y liderazgo como anfitriones de la Cuarta Conferencia Internacional sobre la Financiación para el Desarrollo.
     
    We are all here to respond to a global development crisis that threatens people and planet alike.
     
    Our roadmap to a better future — the Sustainable Development Goals — is in danger.
     
    Two-thirds of the targets are not progressing fast enough — or at all.
     
    Solutions depend on financing. 
     
    Developing countries need over $4 trillion a year to deliver on the 2030 Agenda.
     
    But they are being battered by limited fiscal space, slowing growth, crushing debt burdens and growing systemic risks. 
     
    The Sevilla Commitment document represents a bold plan to get the engine of development revving again:
     
    Through new domestic and global commitments that can channel public and private finance to the areas of greatest need…
     
    By overhauling the world’s approach to debt to make borrowing work in service of sustainable development…
     
    And by reforming the global financial architecture to reflect today’s realities and the urgent needs of developing countries.
     
    But we need all hands on deck.
     
    And that’s why the Sevilla Platform for Action is so critical — and so significant.
     
    In the midst of a world of division, conflict and economic uncertainty, this Platform contains more than 130 specific initiatives that demonstrate what we can achieve by working together.
     
    Governments, private sector partners, international institutions, and civil society groups all together teaming up to launch high-impact initiatives to bring the Sevilla Commitment to life.
     
    This includes a global hub for debt swaps at the World Bank as part of a broader facility aimed at relieving liquidity constraints and lowering the cost of borrowing.
     
    A debt pause alliance to help countries in times of crisis.
     
    A global coalition to scale-up pre-arranged finance that can be readily deployed when disasters strike.

    A blended finance platform to bring public and private finance together in a new and expanded way.
     
    A new tool for Multilateral Development Banks to manage currency risks.

    And a commission to explore the future of development cooperation.
     
    In December, I appointed a group of experts on debt who today are announcing 11 immediately actionable proposals to help resolve the debt crisis. 
     
    This includes the commitment to establish a borrowers forum for countries to learn from one another and coordinate their approaches in debt management and restructuring.
     
    I look forward to working closely with Member States — including the G20 — to bring this forum to life, to empower borrower countries, and create a fairer system.
     
    Excellencies, ladies and gentlemen,
     
    The Sevilla Platform for Action offers an ambitious, action-oriented response to the global financing challenge.
    It provides a springboard toward a more just, inclusive, and sustainable world for all countries.
     
    And above all, it proves that progress and change are possible if we work together.
     
    I hope the Platform inspires countries to work as one to tackle other challenges facing our world today.
     
    Y una vez más, agradezco al Presidente del Gobierno y a todos ustedes por su liderazgo.
     
    Muchas gracias.

    *****
    [all-English]

    Mr. President of the Government of Spain, dear Pedro Sánchez,

    Excellencies, ladies and gentlemen,

    Thank you for joining this launch of the Sevilla Platform for Action.

    Respected President of the Government of Spain — I commend you and your government for your vision and leadership as hosts of the Fourth International Conference on Financing for Development.

    We are all here to respond to a global development crisis that threatens people and planet alike.

    Our roadmap to a better future — the Sustainable Development Goals — is in danger.

    Two-thirds of the targets are not progressing fast enough — or at all.

    Solutions depend on financing. 

    Developing countries need over $4 trillion a year to deliver on the 2030 Agenda.

    But they are being battered by limited fiscal space, slowing growth, crushing debt burdens and growing systemic risks.  

    The Sevilla Commitment document represents a bold plan to get the engine of development revving again:

    Through new domestic and global commitments that can channel public and private finance to the areas of greatest need…

    By overhauling the world’s approach to debt to make borrowing work in service of sustainable development…

    And by reforming the global financial architecture to reflect today’s realities and the urgent needs of developing countries.

    But we need all hands on deck.

    And that’s why the Sevilla Platform for Action is so critical — and so significant.

    In the midst of a world of division, conflict and economic uncertainty, this Platform contains more than 130 specific initiatives that demonstrate what we can achieve by working together.

    Governments, private sector partners, international institutions, and civil society groups all together are teaming up to launch high-impact initiatives to bring the Sevilla Commitment to life.

    This includes a global hub for debt swaps at the World Bank as part of a broader facility aimed at relieving liquidity constraints and lowering the cost of borrowing.

    A debt pause alliance to help countries in times of crisis.

    A global coalition to scale-up pre-arranged finance that can be readily deployed when disasters strike.

    A blended finance platform to bring public and private finance together in a new and expanded way.

    A new tool for Multilateral Development Banks to manage currency risks.
     
    And a commission to explore the future of development cooperation.

    In December, I appointed a group of experts on debt who today are announcing 11 immediately actionable proposals to help resolve the debt crisis. 

    This includes the commitment to establish a borrowers forum for countries to learn from one another and coordinate their approaches in debt management and restructuring.

    I look forward to working closely with Member States — including the G20 — to bring this forum to life, to empower borrower countries, and create a fairer system.

    Excellencies, ladies and gentlemen,

    The Sevilla Platform for Action offers an ambitious, action-oriented response to the global financing challenge.
     
    It provides a springboard toward a more just, inclusive, and sustainable world for all countries.

    And above all, it proves that progress and change are possible if we work together.

    I hope the Platform inspires countries to work as one to tackle other challenges facing our world today.
     
    Once again, I thank Prime Minister Sánchez and all of you for your leadership.

    Thank you.

    MIL OSI United Nations News –

  • MIL-OSI Video: FfD4, Gender Equality, Gaza & other topics – Daily Press Briefing (30 June 2025)

    Source: United Nations (video statements)

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

    Highlights:
    Secretary-General/Conference on Financing for Development
    Deputy Secretary-General/FfD4
    Gender Equality
    Gaza
    Occupied Palestinian Territory
    Security Council
    An Interim Force in Lebanon (UNIFIL)
    Syria
    Ukraine
    Sudan
    DRC/Rwanda
    Afghanistan Refugees
    International Days
    Financial Contribution
    UNGA80
    Programming Note

    SECRETARY-GENERAL/CONFERENCE ON FINANCING FOR DEVELOPMENT
    The Secretary-General is in Sevilla, Spain, where he is attending the 4th International Conference on Financing for Development. This morning, at the opening of the Conference, he said that financing is the engine of development, and right now, this engine is sputtering.
    “As we meet,” the Secretary-General pointed out, “the 2030 Agenda for Sustainable Development, our global promise to transform our world for a better, fairer future, is in danger. He stressed that the conference is not about charity, it’s about restoring justice and lives of dignity.”
    The Secretary-General also added that the conference is not about money, it’s about investing in the future we want to build, together.
    In the afternoon, at the launch of the Sevilla Platform for Action, the Secretary-General highlighted that the Platform offers an ambitious, action-oriented response to the global financing challenge.
    Soon after, at the opening of the International Business Forum, the Secretary-General underscored that by uniting public and private sector leaders, regulators and development banks, we can ensure that the conference is not an end, but rather a beginning.
    The Secretary-General also addressed that media in a joint press encounter with the President of the Government of Spain, Pedro Sánchez. He stressed that with the adoption of the Sevilla Commitment document, countries are proving their dedication to getting the engine of development revving again.
    Today, the Secretary-General also held a bilateral meeting with the President of the Government of Spain, and yesterday, he met His Majesty Don Felipe VI, King of Spain, He is also having a number of bilateral meetings with other delegation leaders who will be at the conference. We will share readouts of some of those meetings shortly.

    DEPUTY SECRETARY-GENERAL/FFD4
    Ms. Amina Mohammed, the Deputy Secretary-General, joined the Secretary-General for the opening ceremony of the conference and his meeting with the President of the Government of Spain.
    Later, she delivered remarks at side events focused on closing the SDG financing gap, including on the role of public-private cooperation, the centrality of gender equality in sustainable finance, and the leadership of African women in advancing the 2030 Agenda and Agenda 2063.
    She also held bilateral meetings with senior government officials and Heads of Government attending the conference.

    GENDER EQUALITY
    At the Fourth International Financing for Development conference in Spain, the adoption of the Compromiso de Sevilla reaffirmed the global commitment to inclusive sustainable development. However, UN Women is warning that chronic underfunding and unfair financial systems are hindering gender equality progress.
    Developing countries are falling short by an estimated $420 billion a year in the funding needed to achieve gender equality under the Sustainable Development Goals.
    UN Women is urging world leaders to match political commitments with the sustained, transparent, and accountable financing needed to deliver on promises to half the world’s population.

    Full Highlights:
    https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=30%20June%202025

    https://www.youtube.com/watch?v=svTsTXC1aiw

    MIL OSI Video –

  • MIL-OSI Video: FfD4, Gender Equality, Gaza & other topics – Daily Press Briefing (30 June 2025)

    Source: United Nations (video statements)

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

    Highlights:
    Secretary-General/Conference on Financing for Development
    Deputy Secretary-General/FfD4
    Gender Equality
    Gaza
    Occupied Palestinian Territory
    Security Council
    An Interim Force in Lebanon (UNIFIL)
    Syria
    Ukraine
    Sudan
    DRC/Rwanda
    Afghanistan Refugees
    International Days
    Financial Contribution
    UNGA80
    Programming Note

    SECRETARY-GENERAL/CONFERENCE ON FINANCING FOR DEVELOPMENT
    The Secretary-General is in Sevilla, Spain, where he is attending the 4th International Conference on Financing for Development. This morning, at the opening of the Conference, he said that financing is the engine of development, and right now, this engine is sputtering.
    “As we meet,” the Secretary-General pointed out, “the 2030 Agenda for Sustainable Development, our global promise to transform our world for a better, fairer future, is in danger. He stressed that the conference is not about charity, it’s about restoring justice and lives of dignity.”
    The Secretary-General also added that the conference is not about money, it’s about investing in the future we want to build, together.
    In the afternoon, at the launch of the Sevilla Platform for Action, the Secretary-General highlighted that the Platform offers an ambitious, action-oriented response to the global financing challenge.
    Soon after, at the opening of the International Business Forum, the Secretary-General underscored that by uniting public and private sector leaders, regulators and development banks, we can ensure that the conference is not an end, but rather a beginning.
    The Secretary-General also addressed that media in a joint press encounter with the President of the Government of Spain, Pedro Sánchez. He stressed that with the adoption of the Sevilla Commitment document, countries are proving their dedication to getting the engine of development revving again.
    Today, the Secretary-General also held a bilateral meeting with the President of the Government of Spain, and yesterday, he met His Majesty Don Felipe VI, King of Spain, He is also having a number of bilateral meetings with other delegation leaders who will be at the conference. We will share readouts of some of those meetings shortly.

    DEPUTY SECRETARY-GENERAL/FFD4
    Ms. Amina Mohammed, the Deputy Secretary-General, joined the Secretary-General for the opening ceremony of the conference and his meeting with the President of the Government of Spain.
    Later, she delivered remarks at side events focused on closing the SDG financing gap, including on the role of public-private cooperation, the centrality of gender equality in sustainable finance, and the leadership of African women in advancing the 2030 Agenda and Agenda 2063.
    She also held bilateral meetings with senior government officials and Heads of Government attending the conference.

    GENDER EQUALITY
    At the Fourth International Financing for Development conference in Spain, the adoption of the Compromiso de Sevilla reaffirmed the global commitment to inclusive sustainable development. However, UN Women is warning that chronic underfunding and unfair financial systems are hindering gender equality progress.
    Developing countries are falling short by an estimated $420 billion a year in the funding needed to achieve gender equality under the Sustainable Development Goals.
    UN Women is urging world leaders to match political commitments with the sustained, transparent, and accountable financing needed to deliver on promises to half the world’s population.

    Full Highlights:
    https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=30%20June%202025

    https://www.youtube.com/watch?v=svTsTXC1aiw

    MIL OSI Video –

  • MIL-OSI Europe: Missions – AFET ad-hoc delegation to the United Kingdom – 28-30 October 2024 – 28-10-2024 – Committee on Foreign Affairs

    Source: European Parliament

    European Union and UK © Image used under the license from Adobe Stock

    A seven-member strong delegation of the Committee on Foreign Affairs (AFET) travelled to the United Kingdom from 28 to 30 October 2024. This was the first official visit of the Committee abroad in this parliamentary term. The delegation discussed possibilities for strengthening of the EU-UK partnership, in particular in foreign and security affairs.

    This visit was also an opportunity to exchange views on issues of global and regional significance such as the Russia’s war of aggression against Ukraine, the situation in the Middle East and tensions in the Indo-Pacific.

    MIL OSI Europe News –

  • MIL-OSI Europe: Missions – AFET ad-hoc delegation to the United Kingdom – 28-30 October 2024 – 28-10-2024 – Committee on Foreign Affairs

    Source: European Parliament

    European Union and UK © Image used under the license from Adobe Stock

    A seven-member strong delegation of the Committee on Foreign Affairs (AFET) travelled to the United Kingdom from 28 to 30 October 2024. This was the first official visit of the Committee abroad in this parliamentary term. The delegation discussed possibilities for strengthening of the EU-UK partnership, in particular in foreign and security affairs.

    This visit was also an opportunity to exchange views on issues of global and regional significance such as the Russia’s war of aggression against Ukraine, the situation in the Middle East and tensions in the Indo-Pacific.

    MIL OSI Europe News –

  • MIL-OSI Europe: Germany: Largest EIB financing for EWE – over 2,600 km of new underground power lines and more than 1,100 substations for Lower Saxony’s energy transition

    Source: European Investment Bank

    EIB

    The European Investment Bank (EIB) and EWE AG announced the largest EIB loan that EWE has ever received at a ceremony marking the 25th anniversary of the EIB’s Berlin office today.

    A long-term credit facility of up to €450 million was finalised at an event attended by German federal government ministers, project partners and stakeholders.

    This will support investment totalling more than €700 million between 2025 and 2028. The programme includes the laying of more than 2,600 kilometres of new underground power lines and the construction and modernisation of over 1,100 substations, constituting another major step forward for energy infrastructure and energy security in northern Germany.

    EWE Chief Financial Officer Frank Reiners said:

    “We are pleased to further develop our partnership with the EIB. This financing will help supercharge our investments in grid expansion and digitalisation. This will enable us to rapidly and securely integrate more renewable energy into the power grid and strengthen the security of supply in our regions, thereby making them more attractive for new industrial developments.”

    EIB Vice-President Nicola Beer added:

    “What many people do not know is that the most important energy-transition investments are often right under our feet. With over 2,600 km of new underground power lines and more than 1,100 new and modernised substations, we are working with EWE to build a hidden backbone for a more secure energy supply and expanded use of renewable energy throughout northern Germany. Today’s signature of the EIB’s largest-ever financing for EWE at the 25th anniversary event for our Berlin office – attended by high-ranking representatives from politics and business – sends a strong signal for the future of energy supply in Germany. 2024 was a record year for EIB support for the energy grid and this project shows how we are actively shaping Europe’s green future.”

    Hidden infrastructure – the backbone of the energy transition

    Investing in power grids is at the heart of the European energy transition. The massive expansion of renewable energy makes high-performance, flexible grids vital to adding new wind and solar power systems, switching to electrical power for heat and transport and ensuring secure, reliable supply for households and industry. Around 95% of the electricity fed into EWE’s power grid in Lower Saxony comes from renewable sources. The investments will enable an additional 3 gigawatts (GW) of renewable generation capacity to be connected by 2028, representing an important contribution to German and European climate targets.

    2024: A record year for EIB power grid investment

    2024 was a record year for EIB support for power-grid investment across Europe. As the EU climate bank, the EIB has a long track record of financing key energy infrastructure projects making decarbonisation, economic growth and energy-security possible. In recent years, the EIB has financed grid modernisation and expansion in Germany, France, Spain, Italy, Poland and many other EU Member States, laying the foundations for a sustainable, interconnected European energy market.

    Contributing to national and EU objectives

    EWE’s investment programme is fully aligned with Germany’s national energy and climate plan, which foresees an 80% share of renewable energy in electricity use by 2030. It also supports the REPowerEU initiative by expanding clean-energy integration, cutting emissions and strengthening energy supply. A total of 40% Sof the investments will go to cohesion regions, promoting economic and social cohesion.

    The EIB – a reliable partner for Europe’s energy transition

    The EIB’s long-term, flexible financing provides a stable basis on which EWE can implement its investment plans, diversifies sources of funding and sends a positive signal to capital markets. As an anchor investor, the EIB is mobilising additional public and private capital for critical infrastructure projects.

    Background information

    EIB

    The European Investment Bank is the world’s largest multilateral lender for climate action projects, supporting initiatives that promote sustainable growth, innovation and social cohesion in the European Union and beyond.

    EWE

    EWE AG is one of Germany’s leading energy and infrastructure companies, operating electricity, gas, water supply and telecommunications networks in Lower Saxony and beyond.

    EWE Electricity Grid Investments Germany

    ©EIB
    Download original

    EWE Electricity Grid Investments Germany

    ©EIB
    Download original

    EWE Electricity Grid Investments Germany

    ©EIB
    Download original

    EWE Electricity Grid Investments Germany

    ©EIB
    Download original

    How to finance sustainable housing

    ©Shutterstock
    Download original

    EWE Electricity Grid Investments Germany

    ©EIB
    Download original

    EWE Electricity Grid Investments Germany

    ©EIB
    Download original

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Children experiencing informal homelessness – E-002481/2025

    Source: European Parliament

    Question for written answer  E-002481/2025
    to the Commission
    Rule 144
    Marit Maij (S&D), Andreas Schieder (S&D), Alicia Homs Ginel (S&D), Romana Jerković (S&D), Nora Mebarek (S&D)

    Across the EU, children are living in places that are not meant to be homes, such as cars and garages, which is considered informal homelessness. There are no concrete figures or evidence available, but aid workers in the Netherlands, for example, suspect a direct link to the housing crisis.

    Given this situation:

    • 1.Does the Commission have any figures available regarding homeless children in the EU that it could share?
    • 2.If not, is it willing to research the extent of this problem, which concerns a very vulnerable group of citizens in Europe?
    • 3.In light of the principles of the European Pillar of Social Rights, could it please indicate the actions it has already taken to support these vulnerable children?

    Submitted: 19.6.2025

    Last updated: 30 June 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Latest news – DKOR ordinary meeting, 3 July 2025, 10.00-11.30, SPINELLI 5E2 – Delegation for relations with the Korean Peninsula

    Source: European Parliament

    ***In camera***

    4. Exchange of views with H.E. María CASTILLO FERNÁNDEZ, Ambassador of the European Union to the Republic of Korea

    5. Exchange of views with H.E. Jeonghyun RYU, Ambassador of the Republic of Korea to the Kingdom of Belgium, European Union (EU) and North Atlantic Treaty Organization (NATO)

    ***End of in camera***

    6. Exchange of views following the 3 June elections in RoK and the implications for the relations with the EU with:

    · Prof. Jae-Seung LEE, Director of Ilmin International Relations Institute and Director of the Jean Monnet EU Center of Excellence, Korea University

    · Ms Lin GOETHALS, Director of the European Institute for Asian Studies (EIAS)

    MIL OSI Europe News –