Category: European Union

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 24.03.2025

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    24 March 2025 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 24.03.2025

    Espoo, Finland – On 24 March 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:                

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 2,408,132 4.93
    CEUX 1,220,634 4.93
    BATE
    AQEU
    TQEX 166,276 4.93
    Total 3,795,042 4.93

    * Rounded to two decimals

    On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.

    Total cost of transactions executed on 24 March 2025 was EUR 18,703,105. After the disclosed transactions, Nokia Corporation holds 194,123,580 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

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

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs which is celebrating 100 years of innovation.

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

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network

  • MIL-OSI: Satellogic Reports 2024 Financial Results and Business Update

    Source: GlobeNewswire (MIL-OSI)

    Revenue up 28% to $12.9 million in 2024

    Redomicile to U.S. Nears Completion; Set to Accelerate Market Opportunities

    Completed $10 Million Private Placement

    Entered into $50 Million At-The-Market (ATM) Program

    NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) — Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today provided a business update and financial results for the year ended December 31, 2024.

    “The second half of 2024 was highlighted by commercial milestones, including a pivotal agreement with Maxar Intelligence granting them exclusive rights to task Satellogic’s high-revisit constellation and use our cost-effective satellite imagery to support national security missions for the U.S. Government and select U.S. partners internationally.” said Satellogic CEO, Emiliano Kargieman.

    “Additionally, we were selected by NASA as one of eight recipients of NASA’s Commercial SmallSat Data Acquisition Program (CSDA) On-Ramp1 Multiple Award contract, with a maximum cumulative value of $476 million for all award winners. We have begun work on our first task order with NASA, an 18-month, seven figure award that will allow NASA researchers to utilize Satellogic data for critical earth science imagery analysis. This award highlights Satellogic’s commitment to delivering high-quality Earth observation data to advance scientific research and enhance life on Earth,” said Kargieman.

    “In 2024, we have made good progress in raising capital to further invest in the business. In December we announced the private placement of $10 million made by a single institutional investor and the filing of a $150 million shelf registration statement and the entry into a $50 million ATM program. We are pleased to have successfully completed this private placement, which positions us for continued growth as we advance our mission and continue our focus on our U.S. strategy, the National Security market, and our global Space Systems opportunities. The shelf registration statement and ATM program allow for future flexibility in our capital markets strategy by establishing a framework for potential future capital-raising opportunities to further strengthen our liquidity position,” concluded Kargieman.

    “We are also excited to disclose our intended domestication to the U.S. in December, which is expected to be completed by the end of the month,” commented Rick Dunn, Satellogic CFO. We believe the domestication will continue to lower our barriers to entry in the U.S. and allied markets and improve transparency for investors and customers.”

    “In terms of financial results, we ended 2024 with $22.5 million of cash on hand and continued to reduce our cash used in operations by $13.7 million, or 27.6%, compared to the year ended December 31, 2023. Our revenue increased 28% to $12.9 million, while our cost of sales, excluding depreciation expense, remained flat year-over-year. As a percentage of revenue, our cost of sales were 39% for the year ended December 31, 2024, a substantial improvement compared to 50% in the prior year.”

    “While our improving revenue performance and strategic progress are encouraging and confidence-building, we’ve continued the work started in 2023 to realign and streamline our business to better position us to capitalize on near-term growth opportunities. Specifically, we further reduced our workforce by 104 full time equivalents in the second quarter of 2024, incurring approximately $2.0 million in cumulative severance-related charges that have been paid out in 2024, and also identified additional operating cost reductions. The cumulative impact of these workforce reductions and operating expense savings is expected to result in approximately $9.6 million of annual savings. As a result of our previously announced successful Mark V deployment, the Company now has capacity to meet current customer needs and we expect to moderate our constellation growth initiatives going forward to pace with expected customer growth.”

    “We expect that our revenue for 2025 will largely be dependent on closing opportunities within our Space Systems line of business, which we anticipate will contribute considerable per unit cash flow and strong gross margin. As we look to 2025 and beyond, management continues to focus on near-term growth opportunities and moving the Company forward on a path to profitability,” concluded Dunn.

    Financial Results for the Year Ended December 31, 2024

    • Revenue for the year ended December 31, 2024, increased by $2.8 million, or 28%, to $12.9 million, as compared to revenue of $10.1 million for the year ended December 31, 2023. The increase was driven primarily by a $5 million increase in imagery ordered by new and existing Asset Monitoring customers, partially offset by a $2.2 million decrease in revenue generated from the Space Systems business line. Revenue for the year ended December 31, 2024 included $9.5 million attributable to our Asset Monitoring line of business, $1.8 million attributable to our Space Systems line of business, and $1.6 million attributable to our CaaS line of business compared to $4.5 million, $3.9 million and $1.6 million, respectively, in the prior year.
    • Cost of Sales, excluding depreciation expense, for the year ended December 31, 2024, remained flat at $5.0 million, as compared to $5.1 million for the year ended December 31, 2023. However, as a percentage of revenue, our cost of sales were 39% for the year ended December 31, 2024, as compared to 50% for the year ended December 31, 2023.
    • Selling, General and Administrative expenses for the year ended December 31, 2024, decreased by $2.0 million, or 6%, to $33.0 million, as compared to $35.0 million for the year ended December 31, 2023. This decrease was primarily driven by a decrease in salaries, wages, stock-based compensation and other benefits as a result of the Company’s workforce reductions in 2024 and other expense reductions resulting from continued cash control measures during 2024. Additionally, the decrease was driven by lower expense for estimated credit losses on accounts receivable and lower insurance costs due to rate improvements on certain policies. These decreases were partially offset by a $4.0 million increase in professional fees consisting mainly of the accrued, nonrecurring advisory fee pursuant to the subscription agreement entered into with Liberty in connection with going public in 2022 and professional fees related to the secured convertible notes.
    • Engineering expenses for the year ended June 30, 2024, decreased $7.8 million, or 35%, to $14.4 million for the year ended December 31, 2024 from $22.2 million for the year ended December 31, 2023. The decrease was driven primarily by a decrease in salaries, wages, and other benefits and stock-based compensation as a result of the Company’s workforce reductions in 2024 and other expense reductions resulting from continued cash control measures during 2024, in addition to fees resulting from the termination of our high-throughput plant lease in the Netherlands.
    • Net loss for the year ended December 31, 2024, increased by $55.2 million to $116.3 million, as compared to a net loss of $61.0 million for the year ended December 31, 2023. The increase was primarily driven by an increase in the change in fair value of financial instruments ($60.0 million) and other expenses ($3.2 million) offset by increases in revenue and decreases in operating costs.
    • Non-GAAP Adjusted EBITDA loss for the year ended December 31, 2024, improved by $10.4 million to $33.7 million, from an Adjusted EBITDA loss of $44.1 million for the year ended December 31, 2023, primarily due to year-over-year increases in revenue and decreases in operating expenses.
    • Cash was $22.5 million at December 31, 2024, compared to $23.5 million at December 31, 2023.
    • Net cash used in operating activities was $35.9 million for the year ended December 31, 2024, compared to $49.6 million for the year ended December 31, 2023. This decline in net cash used by operations was primarily due to workforce reduction and overall cost control initiatives.

    Use of Non-GAAP Financial Measures

    We monitor a number of financial performance and liquidity measures on a regular basis in order to track the progress of our business. Included in these financial performance and liquidity measures are the non-GAAP measures, Non-GAAP EBITDA and Non-GAAP Adjusted EBITDA. We believe these measures provide analysts, investors and management with helpful information regarding the underlying operating performance of our business, as they remove the impact of items that we believe are not reflective of our underlying operating performance. The non-GAAP measures are used by us to evaluate our core operating performance and liquidity on a comparable basis and to make strategic decisions. The non-GAAP measures also facilitate company-to-company operating performance comparisons by backing out potential differences caused by variations such as capital structures, taxation, capital expenditures and non-cash items (i.e., depreciation, embedded derivatives, debt extinguishment and stock-based compensation) which may vary for different companies for reasons unrelated to operating performance. However, different companies may define these terms differently and accordingly comparisons might not be accurate. Non-GAAP EBITDA and Non-GAAP Adjusted EBITDA are not intended to be a substitute for any GAAP financial measure. For the definitions of Non-GAAP EBITDA and Non-GAAP Adjusted EBITDA and reconciliations to the most directly comparable GAAP measure, net loss, see below.

    We define Non-GAAP EBITDA as net loss excluding interest, income taxes, depreciation and amortization. We did not incur amortization expense during the years ended December 31, 2024 and 2023.

    We define Non-GAAP Adjusted EBITDA as Non-GAAP EBITDA further adjusted for professional fees related to the secured convertible notes, other income (expense), net, changes in the fair value of financial instruments and stock-based compensation. Other income, net consists mainly of differences related to foreign exchange gains and losses as well as gains and losses on disposal of property and equipment.

    The following table presents a reconciliation of Non-GAAP EBITDA and Non-GAAP Adjusted EBITDA to its net loss for the periods indicated.

      Years Ended December 31,
    (in thousands of U.S. dollars) 2024   2023
    Net loss available to stockholders $ (116,272 )   $ (61,018 )
    Interest expense   71       51  
    Income tax expense   2,858       9,082  
    Depreciation expense   12,655       17,256  
    Non-GAAP EBITDA $ (100,688 )   $ (34,629 )
    Professional fees related to Secured Convertible Notes   2,444        
    Other expense (income), net   2,107       (9,271 )
    Change in fair value of financial instruments   60,071       (6,474 )
    Stock-based compensation   2,335       6,299  
    Non-GAAP Adjusted EBITDA $ (33,731 )   $ (44,075 )
                   

    About Satellogic

    Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ: SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.

    Satellogic’s mission is to democratize access to geospatial data through its information platform of high-resolution images to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry.

    With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.

    To learn more, please visit: http://www.satellogic.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic’s current expectations and beliefs concerning future developments and their potential effects on Satellogic and include statements concerning Satellogic’s strategic realignment as a U.S. company, and the visibility and high growth opportunities it will provide in connection therewith. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) our ability to generate revenue as expected, (ii) our ability to effectively market and sell our EO services and to convert contracted revenues and our pipeline of potential contracts into actual revenues, (iii) risks related to the secured convertible notes, (iv) the potential loss of one or more of our largest customers, (v) the considerable time and expense related to our sales efforts and the length and unpredictability of our sales cycle, (vi) risks and uncertainties associated with defense-related contracts, (vii) risk related to our pricing structure, (viii) our ability to scale production of our satellites as planned, (ix) unforeseen risks, challenges and uncertainties related to our expansion into new business lines, (x) our dependence on third parties to transport and launch our satellites into space, (xi) our reliance on third-party vendors and manufacturers to build and provide certain satellite components, products, or services, (xii) our dependence on ground station and cloud-based computing infrastructure operated by third pirates for value-added services, and any errors, disruption, performance problems, or failure in their or our operational infrastructure, (xiii) risk related to certain minimum service requirements in our customer contracts, (xiv) market acceptance of our EO services and our dependence upon our ability to keep pace with the latest technological advances, (xv) competition for EO services, (xvi) challenges with international operations or unexpected changes to the regulatory environment in certain markets, (xvii) unknown defects or errors in our products, (xviii) risk related to the capital-intensive nature of our business and our ability to raise adequate capital to finance our business strategies, (xix) substantial doubt about our ability to continue as a going concern, (xx) uncertainties beyond our control related to the production, launch, commissioning, and/or operation of our satellites and related ground systems, software and analytic technologies, (xxi) the failure of the market for EO services to achieve the growth potential we expect, (xxii) risks related to our satellites and related equipment becoming impaired, (xxiii) risks related to the failure of our satellites to operate as intended, (xxiv) production and launch delays, launch failures, and damage or destruction to our satellites during launch and (xxv) the impact of natural disasters, unusual or prolonged unfavorable weather conditions, epidemic outbreaks, terrorist acts and geopolitical events (including the ongoing conflicts between Russia and Ukraine, in the Gaza Strip and the Red Sea region) on our business and satellite launch schedules. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Satellogic’s Annual Report on Form 20-F and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic can give no assurance that it will achieve its expectations.

    Contacts

    Investor Relations:

    Ryan Driver, VP of Strategy & Corporate Development
    ryan.driver@satellogic.com

    Media Relations:

    Satellogic
    pr@satellogic.com

    SATELLOGIC INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
    UNAUDITED
     
      Year Ended December 31,
    (in thousands of U.S. dollars, except share and per share amounts) 2024   2023
    Revenue $ 12,870     $ 10,074  
    Costs and expenses      
    Cost of sales, exclusive of depreciation shown separately below   5,024       5,056  
    Selling, general and administrative   32,992       34,968  
    Engineering   14,405       22,197  
    Depreciation expense   12,655       17,256  
    Total costs and expenses   65,076       79,477  
    Operating loss   (52,206 )     (69,403 )
    Other (expense) income, net      
    Interest income, net   970       1,722  
    Change in fair value of financial instruments   (60,071 )     6,474  
    Other (expense) income, net   (2,107 )     9,271  
    Total other (expense) income, net   (61,208 )     17,467  
    Loss before income tax   (113,414 )     (51,936 )
    Income tax expense   (2,858 )     (9,082 )
    Net loss available to stockholders $ (116,272 )   $ (61,018 )
    Other comprehensive loss      
    Foreign currency translation gain (loss), net of tax   (538 )     279  
    Comprehensive loss $ (116,810 )   $ (60,739 )
           
    Basic net loss per share for the period attributable to holders of Common Stock $ (1.28 )   $ (0.68 )
    Basic weighted-average Common Stock outstanding   91,164,286       89,539,910  
    Diluted net loss per share for the period attributable to holders of Common Stock $ (1.28 )   $ (0.68 )
    Diluted weighted-average Common Stock outstanding   91,164,286       89,539,910  
                   
    SATELLOGIC INC.
    CONSOLIDATED BALANCE SHEETS
    UNAUDITED
     
      December 31,
    (in thousands of U.S. dollars, except per share amounts)  2024     2023 
    ASSETS      
    Current assets      
    Cash and cash equivalents $         22,493     $         23,476  
    Accounts receivable, net of allowance of $148 and $126, respectively                          1,464       901  
    Prepaid expenses and other current assets                           3,907                               2,173  
    Total current assets                         27,864                             26,550  
    Property and equipment, net                         27,228                             41,130  
    Operating lease right-of-use assets   877       3,195  
    Other non-current assets                           5,722                               5,507  
    Total assets $         61,691     $         76,382  
    LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY      
    Current liabilities      
    Accounts payable $         3,754     $         7,935  
    Warrant liabilities                         11,511                               2,795  
    Earnout liabilities                           1,501       419  
    Operating lease liabilities   363       2,143  
    Contract liabilities                           5,871                               3,728  
    Accrued expenses and other liabilities                         11,621                               4,372  
    Total current liabilities                         34,621                             21,392  
    Secured Convertible Notes at fair value   79,070        
    Operating lease liabilities   516       1,789  
    Contract liabilities         1,000  
    Other non-current liabilities   516       526  
    Total liabilities                       114,723                             24,707  
    Commitments and contingencies      
    Stockholders’ (deficit) equity      
    Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023                                 —                                     —  
    Class A Common Stock, $0.0001 par value, 385,000,000 shares authorized, 83,000,501 shares issued and 82,432,678 shares outstanding as of December 31, 2024 and 77,289,166 shares issued and 76,721,343 shares outstanding as of December 31, 2023                                 —                                     —  
    Class B Common Stock, $0.0001 par value, 15,000,000 shares authorized, 13,582,642 shares issued and outstanding as of December 31, 2024 and December 31, 2023                                 —                                     —  
    Treasury stock, at cost, 567,823 shares as of December 31, 2024 and 567,823 shares as of December 31, 2023                         (8,603 )                           (8,603 )
    Additional paid-in capital                       356,247                           344,144  
    Accumulated other comprehensive loss   (571 )     (33 )
    Accumulated deficit   (400,105 )     (283,833 )
    Total stockholders’ (deficit) equity                       (53,032 )                           51,675  
    Total liabilities and stockholders’ (deficit) equity $         61,691     $         76,382  
                   
    SATELLOGIC INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    UNAUDITED
     
      Year Ended December 31,
    (in thousands of U.S. dollars) 2024   2023
    Cash flows from operating activities:      
    Net loss $ (116,272 )   $ (61,018 )
    Adjustments to reconcile net loss to net cash used in operating activities:      
    Depreciation expense   12,655       17,256  
    Debt issuance costs   2,397        
    Operating lease expense   1,515       2,751  
    Stock-based compensation   2,335       6,299  
    Change in fair value of financial instruments   60,071       (6,474 )
    Foreign exchange differences   (2,936 )     (10,933 )
    Loss on disposal of property and equipment   4,377        
    Expense for estimated credit losses on accounts receivable, net of recoveries   22       1,126  
    Non-cash change in contract liabilities   (1,323 )     1,188  
    Other, net   234       666  
    Changes in operating assets and liabilities:      
    Accounts receivable   (1,126 )     (385 )
    Prepaid expenses and other current assets   (1,666 )     2,114  
    Accounts payable   (2,356 )     1,533  
    Contract liabilities   2,532       598  
    Accrued expenses and other liabilities   7,200       (2,059 )
    Operating lease liabilities   (2,024 )     (2,233 )
    Cash paid for interest on Secured Convertible Notes   (1,525 )      
    Net cash used in operating activities   (35,890 )     (49,571 )
    Cash flows from investing activities:      
    Purchases of property and equipment   (5,038 )     (14,885 )
    Other   6       450  
    Net cash used in investing activities   (5,032 )     (14,435 )
    Cash flows from financing activities:      
    Proceeds from Secured Convertible Notes   30,000        
    Payments of debt issuance costs   (2,397 )      
    Tax withholding payments for vested equity-based compensation awards   (660 )     (458 )
    Proceeds from exercise of Public Warrants   1        
    Proceeds from PIPE Investment, net of transaction costs   9,600        
    Proceeds from exercise of stock options   911       375  
    Net cash provided by (used in) financing activities   37,455       (83 )
    Net (decrease) increase in cash, cash equivalents and restricted cash   (3,467 )     (64,089 )
    Effect of foreign exchange rate changes   2,546       10,900  
    Cash, cash equivalents and restricted cash – beginning of period   24,603       77,792  
    Cash, cash equivalents and restricted cash – end of period $ 23,682     $ 24,603  

    The MIL Network

  • MIL-OSI New Zealand: Universities – The art of investing in alternative assets – UoA

    Source: University of Auckland (UoA)

    Lego, instruments, classic cars and baseball cards are among the alternative investments University of Auckland finance lecturer, Gertjan Verdickt, discusses in his new book The Passion Portfolio: Investing in Style.

    Co-authored with Jürgen Hanssens (senior manager at KPMG Belgium and an avid Lego collector) the book details the mechanics behind the world of ‘passion’ investing.

    The researchers offer readers an understanding of how the prices of passion investments evolve, along with the factors that drive these changes.

    “We want to help people navigate these often opaque markets, where transactions are infrequent, and where in some instances, exclusivity, rather than transparency, is both the norm and the value driver,” says Verdickt, whose investment portfolio includes wine.

    Verdickt and Hanssens discuss the pros and cons of various investments: wine, Lego, whisky, watches, bags, jewellery, art, stamps, instruments, vintage cars, precious metals and baseball cards.

    They provide average historical annual returns by examining at least twenty years of data for each object.

    Of all the investment options, whisky comes out on top with an average annual return of 17.52 percent. In second place is baseball cards, which posted an average annual return of nearly 13 percent compared to the stock market’s 10 percent.

    Research suggests that adding collectibles like whisky, baseball cards, or Lego to an existing stock portfolio can reduce overall portfolio risk, says Verdickt.

    Each chapter of his book follows a structured approach, examining the advantages and risks of different asset classes, their historical returns and key factors that influence their value. Readers can learn about the authentication process, assess long-term investment potential, and gain insights into platforms that track pricing.

    While passion investing can be lucrative, it’s also less regulated than traditional markets, increasing the risk of fraud. As such, Verdickt and Hanssens discuss how to spot counterfeit goods. They also explore arbitrage – where investors can take advantage of pricing discrepancies across different markets.

    A well-documented provenance and pedigree, says Verdickt, can significantly increase the value of an alternative investment and, in turn, boost its likelihood of being sold.

    The finance expert says passion investments require patience and expertise. “Unlike stocks, which can be sold at the click of a button, luxury assets are illiquid. A work of art is resold only once every nine years on average. Wine appreciates over decades. These are long-term investments that demand both knowledge and time.

    “Lego, on the other hand, is accessible to everyone, with relatively low initial capital required compared to many other collectibles.”

    Because demand for Lego sets remains high, while supply is relatively limited, it’s a more liquid investment than most other alternative assets, he says.

    “The book is for investors looking to diversify beyond traditional securities,” says Verdickt. “It’s also for people who are keen to put their money into something they love, something that’s tangible.”

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Property Sector – Meet Cotality: CoreLogic Embraces a New Name and Bold Vision for the Future of the Property Industry

    Source: CoreLogic

    CoreLogic to rebrand to Cotality, reflecting the company’s mission to unify property professionals, strengthen industry relationships and drive innovation globally.

    CoreLogic today announced its global rebrand to Cotality, marking the company’s progression to a leader in property information, analytics and data-enabled solutions from its origins in financial services supporting the mortgage industry.

    This rebrand introduces a new name, logo and brand identity that reflect the company’s transformation into an information services provider that is creating a faster, smarter and more people-centric property industry.
    “The property ecosystem underpins the prosperity of individuals, businesses, governments and society as a whole. But at the core, it’s people, businesses and communities that drive it forward. Cotality’s insights build on this, by turning questions into futures you can see,” said Patrick Dodd, President and CEO of Cotality.
    “This rebrand reflects innovation, evolution and commitment to uniting property professionals – strengthening businesses, fostering relationships and powering outcomes that balance logic and data with humanity and emotion. Our name is changing to demonstrate the company’s unmatched dedication and service to clients around the world.”
    The new name, Cotality, reflects the company’s deep commitment to collaboration and connectivity, both internally and externally, while honoring its CoreLogic roots. It also signifies its approach of totality, delivering comprehensive data and insights across the entire property ecosystem and beyond. Tying it all together is the company’s spirit of vitality – placing the idea that helping people thrive is at the center of every insight and workflow.
    “While remaining true to our core DNA, the time is right to launch a refreshed brand that captures our evolution,” said Lisa Claes, CEO of Cotality International, pointing to its significantly expanded capability and customer solution set following a suite of acquisitions, sustained product investment and strengthened industry partnerships.
     Alongside the new Cotality name sits the tagline: Intelligence Beyond BoundsTM. 
    This tagline serves as both a first impression and a powerful expression of the company’s identity. It is an embodiment of the seamless integration of data, technology, artificial intelligence, insights and people that inspire Cotality to collaborate across the entire lifecycle of properties and homeowners.
    “For CoreLogic Australia, New Zealand and UK, Cotality captures our unique position and reinforces to the market that we are part of a global, technology-enabled information services leader, whose solutions truly unlock Intelligence beyond bounds.”
    “Our new name and tagline reflect the essence of who we are and where we’re headed. This transformation is a natural evolution, honoring our roots while embracing a future defined by collaboration, innovation and impact,” said Kristie Vainikos Stegen, Chief Brand and Communications Officer of Cotality. “This isn’t just about a new look; it’s about harnessing the power of data and technology and empowering people – internally and externally – to drive meaningful change globally.”
    Cotality empowers industry professionals across home lending, insurance, real estate and government worldwide. With operations in the United States, Canada, the United Kingdom, Australia, New Zealand, India and Germany, Cotality’s new global brand identity will build on CoreLogic’s trusted legacy to deliver innovation and drive smarter decisions while expanding its global reach.

    MIL OSI New Zealand News

  • MIL-OSI United Nations: Experts of the Committee on Enforced Disappearances Commend Belgium’s Commitment to Human Rights, Ask about Foreign Unaccompanied Minors and Illegal International Adoptions

    Source: United Nations – Geneva

    The Committee on Enforced Disappearances today reviewed a report containing additional information submitted by Belgium under article 29 (4) of the Convention. Committee Experts commended the State party’s commitment to human rights, while raising questions on foreign unaccompanied minors and illegal international adoptions.

    Matar Diop, Committee Expert and Country Rapporteur for Belgium, commended the State party’s commitment and welcomed the important delegation, which demonstrated Belgium’s commitment to human rights and cooperation with the United Nations human rights bodies.

    Barbara Lochbihler, Committee Expert and Country Rapporteur for Belgium, askedwhat measures had been implemented by the State party to gather complex and disaggregated statistics relating to unaccompanied foreign minors? What measures did the State party intend to adopt to search for and investigate unaccompanied foreign minors? Could an update on current legislation relating to unaccompanied minors be provided?

    A Committee Expert said a number of measures had been adopted to support persons who felt they had been victims of illegal international adoption who were seeking to establish their origin. What form did the support take and what was its scope? Had these assistance measures been extended across the country, not just the Flemish community? Was the State party considering establishing a commission of inquiry which would shed light on the practice of illegal international adoptions? Would Belgium introduce a comprehensive prohibition on international adoptions at the national level?

    The delegation said Belgium did not have specific statistics on unaccompanied foreign minors. The breakdown of statistics was a concern for Belgian authorities. There had been three consecutive projects conducted since 2021 aimed at improving data collection in Belgium. There had been a memo from the College of Prosecutors in searching for missing persons, which set out that any disappearance of foreign unaccompanied minors warranted the heightened interest of all services of the police. The disappearance of foreign unaccompanied minors was always considered worrying.

    The delegation said the former Minister of Justice had encouraged cooperation between the stakeholders involved in investigating illegal international adoptions. In May 2024, the Government made a statement before the House of Representatives acknowledging problematic and illegal adoptions had occurred in Belgium between 1950 and today, and that those affected by the adoptions should be considered as victims. Other recent measures had been taken to further implement the resolution of the Chamber adopted in 2022 dedicated to cases of illegal adoptions in Belgium.

    Introducing the report, Steven Limbourg, General Advisor, Director of the Criminal Law Direction, Federal Public Service Justice of Belgium, said that at the federal level, Belgium had taken advantage of the drafting of its new Penal Code in 2024 to update and include new provisions that took account of enforced disappearance. The offences carried all the consequences required by the Convention, as well as provisions relating to mitigating and aggravating circumstances.

    In concluding remarks, Olivier De Frouville, Committee Chair, thanked Belgium for the constructive dialogue and their answers. Following the dialogue, the Committee would prepare concluding observations and propose recommendations, and from there it would then be decided how to continue the interaction with the State party.

    Christophe Payot, Permanent Representative of Belgium to the United Nations Office at Geneva and head of the delegation, expressed sincere thanks to all Committee members for the constructive and enriching dialogue. It was recognised that enforced disappearance may not have the same scope in all States parties, however, Belgium believed the Convention was vital for combatting impunity. The State looked forward to the Committee’s concluding observations.

    The delegation of Belgium consisted of representatives of the Federal Public Service Justice; the federal police; the French community of Belgium; the Flemish Government; and the Permanent Mission of Belgium to the United Nations Office at Geneva.

    All the documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage. Webcasts of the meetings of the session can be found here, and meetings summaries can be found here.

    The Committee will next meet in public at 3 p.m. on Monday, 24 March, to begin its consideration of the initial report of Malta (CED/C/MLT/1).

    Report

    The Committee has before it the report containing additional information submitted by Belgium under article 29 (4) of the Convention (CED/C/BEL/Al/1).

    Presentation of Report

    CHRISTOPHE PAYOT, Permanent Representative of Belgium to the United Nations Office at Geneva and head of the delegation, said due to Belgium’s unique federal structure, the implementation of the Convention fell under the jurisdiction of several governments. Belgium promoted the ratification of the Convention to States that had not yet ratified it, and during the fourth cycle of the Universal Periodic Review, it had made 50 interventions in this regard. Belgium had also actively participated in and made commitments at the First World Congress on Enforced Disappearances held last January in Geneva. Mr. Payot then introduced the delegation, illustrating the plurality of bodies responsible for the implementation of the Convention.

    STEVEN LIMBOURG, General Advisor, Director of the Criminal Law Direction, Federal Public Service Justice of Belgium, expressed appreciation to the Committee for its tireless work in the fight against enforced disappearances. At the federal level, Belgium had taken advantage of the drafting of its new Penal Code in 2024 to update and include new provisions that took account of enforced disappearance. Enforced disappearance that did not constitute a crime against humanity was now recognised as a stand-alone offence, punishable by a level six penalty, the same level as that for torture. Enforced disappearance constituting a crime against humanity also remained a free-standing offence, punishable by a sentence of level eight, the most serious level, which included life imprisonment or treatment under deprivation of liberty for 18 to 20 years. The offences carried all the consequences required by the Convention, as well as provisions relating to mitigating and aggravating circumstances.

    With regard to deprivation of liberty, the federal police had developed an electronic register, which was currently in the testing phase. Regarding the disappearances of unaccompanied foreign minors, a 2022 circular from the Prosecutor General outlined that they should be subject to increased vigilance by all the services concerned. In 2023, a working group comprised of federal and federated levels as well as representatives of civil society, published a practical guide on the disappearances of unaccompanied minors. The handbook was available to all relevant departments and was actively used by the staff and services concerned, including community youth aid organizations and the integrated police.

    Belgium had also taken measures to prevent illegal intercountry adoptions. At the federal level, the new Penal Code included the offences relating to fraudulent adoption, adding rules on punishable participation that made it possible to punish persons who participated in the offence of illegal adoption without being intermediaries. The new Criminal Code also expressly stated illegal adoption as a possible form of trafficking in human beings. In addition, all federal public services had started to implement a resolution of the Chamber adopted in 2022 dedicated to cases of illegal adoptions in Belgium.

    The Flemish Government had taken various political measures to adapt its policy and operation in the field of intercountry adoption, in particular through a reform of its legal framework. The new 2024 intercountry adoption decree provided for stricter control of adoptions in the best interests of the child, as well as guidelines and criteria on the screening of collaborations in countries of origin, making ratification of the Hague Convention on Intercountry Adoption a key criterion. Similarly, in the French Community, the decree on adoption was amended in 2020 with the aim of authorising collaboration only with countries that had ratified the Hague Convention on Intercountry Adoption.

    On the issue of the segregation suffered by the Métis during the period of Belgian colonisation in Africa, at the federal level, measures had been taken to respond to the various demands expressed in the “Métis” resolution, adopted by the Chamber in 2018. These included a procedure to remedy the absence of birth certificates, support in the identification of biological parents, and declassification of archives and access to them with a view to reuniting families separated under duress. In April 2024, a symposium for a delegation of mixed-race people from the Belgian colonisation of the Democratic Republic of the Congo was organised in Brussels, providing an opportunity to take stock of the measures taken by the Federal Government to implement the Métis resolution and to give participants the opportunity to clarify their questions and expectations towards Belgium. Mr. Limbourg expressed hope that the dialogue would indeed be most constructive.

    Questions by Committee Experts

    MATAR DIOP, Committee Expert and Country Rapporteur for Belgium, said this dialogue followed on from the dialogue held with Belgium in 2014. Mr. Diop commended the State party’s commitment and welcomed the important delegation, which demonstrated Belgium’s commitment to human rights and cooperation with the United Nations human rights bodies. The Committee took note of the new Criminal Code adopted in 2024 and commended this legislative amendment. Why were mitigating circumstances granted to a person for holding someone for less than five days? Did there need to be physical impacts of torture for it to be taken into account? Could psychological torture be taken into account?

    The law of criminal procedure, which came into force in April 2024, adopted a statute of limitations for public prosecution that varied according to the length of the sentence incurred. How would the duration of the statute of limitations be determined before the offence was the subject of a trial? The establishment of a register of persons deprived of their liberty was a major recommendation of the Committee in its 2014 concluding observations. What was the progress of this project? How were migrants registered? Had the existing system been developed? What were the existing legislative provisions regarding refoulement and pushbacks? Was training provided to staff working in the migration system in Belgium, at federal or at the federated entity level? Could information be provided on the existence and content of cooperation agreements with other States for the assistance of victims of enforced disappearance as well as the search, location and release of disappeared persons?

    The Committee noted that assistance to victims of deliberate acts of violence was subject to the condition that the acts were at least partly committed in Belgium, and that an assessment was made on a case-by-case basis. What happened when the act spanned more than one country? Could information be provided when it came to extending the jurisdiction of the Commission? Could specific data be provided on the financial support provided to victims, including the number of cases handled, reparations envisaged, and the number of beneficiaries? Could relatives of victims benefit from the support of the Commission?

    In December 2024, the Brussels Court of Appeal reversed a first instance judgment and declared as crimes against humanity the kidnappings and adoptions of five mixed-race females in the 1940s and 1950s in the Belgian Congo. These females had been abducted without their mothers’ consent and placed with an evangelical mission, later resulting in adoption. These adoptions had subsequently been considered illegal, and the females had been expected to receive compensatory amounts of around 50,000 euros. How did the State party plan to meet its obligations towards these five females? What measures did the State party plan to take to settle this case?

    BARBARA LOCHBIHLER, Committee Expert and Country Rapporteur for Belgium, thanked Belgium for following the work of the Committee actively and regularly. Could the delegation provide an update on the progress of creating an A status national human rights institution in full compliance with the Paris Principles? There had been some progress regarding the establishment of a national preventive mechanism, which could eventually allow for ratification of the Optional Protocol to the Convention. What was the estimated timeframe for this?

    The Joint Statement on Illegal Intercountry Adoption outlined four key principles to prevent illegal intercountry adoptions. What measures had been taken to prevent and investigate illegal intercountry adoptions, taking into account those principles?

    Were there any cases of victims, who suffered harm as a direct result of illegal intercountry adoption, and their right to reparation? Could the figures and cases of international illegal adoptions that had been reported by community centres be provided? According to information, initiatives taken in Belgium to study and recognise the scale and impact of illegal intercountry adoptions had led to little effect. Could the State party elaborate on these initiatives and what remained to be done to gain the knowledge for best prevention and compensation? What measures had been implemented by the State party to gather complex and disaggregated statistics relating to unaccompanied foreign minors? What measures did the State party intend to adopt to search for and investigate unaccompanied foreign minors? Could an update on current legislation relating to unaccompanied minors be provided? Did Belgium provide mutual legal assistance measures or cooperation and if so, with which countries?

    Belgium had ratified the United Nations Convention against Transnational Organised Crime (2000) and its Protocol against the smuggling of migrants by land, sea and air and to prevent, supress and punish trafficking in persons, especially women and children. What was the State’s experiences with the implementation of this Convention in Belgium and what lessons could be learned from that in the field of preventing migrants from becoming victims of enforced disappearance? How was the work of the Federal Migration Centre contributing particularly to the prevention of enforced disappearances in the context of migration?

    A Committee Expert asked how many officials had been involved in corruption cases pertaining to international adoptions? Had criminal proceedings been brought forward?

    Responses by the Delegation

    The delegation said in the new Criminal Code adopted in 2024, enforced disappearance which did not constitute a crime against humanity was considered a standalone crime, placing it in the same subdivision as enforced disappearance which did constitute a crime against humanity. This was done to ensure that they entailed the same consequences, including the inditements for attempts and ensuring hierarchical superiorities were held to account, among others. This was done to ensure enforced disappearance was addressed in a multi-dimensional way and highlight the stigma of this crime. The provisions in the new Criminal Code were prepared by legal experts who took into account all recommendations made by the United Nations Working Group on Enforced Disappearance and from civil society. The purpose was not to create a secondary category of enforced disappearance which was less severe.

    A register of persons deprived of liberty was a priority issue for Belgium. Discussions had been ongoing and there had been some delays and setbacks, but discussions were now back on track. The State was working to harmonise practices between the police, with a view to providing a register template to all police services which would meet international standards. An electronic register had been developed which was currently being tested.

    Belgium did not have specific mutual agreements with other countries in regard to enforced disappearance. There were national cooperation agreements between the Belgian communities and there were definitions of victims, as well as their families. Belgian legislation did not cover acts committed abroad, but acts which continued in Belgium could be covered. If an act of violence occurred in several States, there needed to be a case-by-case analysis.

    Emphasis was placed on migration when training people working directly with migrants, including customs officers or local police. Regarding the cases of the five mixed-race females, the Government had not yet taken any decision regarding the ruling of the court of appeal. The ruling was still being analysed.

    The Belgian authorities recognised the need to have a consistent structure dealing with human rights and the need for a status A national human rights institution. The institute established in 2019 was an important step in this direction. The Subcommittee on Accreditation requested certain amendments which had been partially implemented establishing the institute. However, Belgium wished to see a consistent structure throughout the country. Total cooperation with various national human rights institutions was vital. A significant step was taken in April 2024 with the adoption of a law designating the federal institution for the promotion of human rights as the preventive mechanism at the federal level. It was only competent for places of deprivation of liberty which fell under the federal level, meaning ratification of the Optional Protocol was not yet possible. A mechanism needed to be developed to cover all places of deprivation of liberty in Belgium.

    In recent years, the Flemish Government had taken measures to implement inter-country adoption operations. The Flemish Ministry for Family and Wellbeing set up a group to research previous best practices in intercountry adoptions. On the basis of the group’s recommendations, the Flemish Government reformed the legal framework for adoption. The most significant change included tighter control of adoption with the best interest of the child in mind. There was a long period of time for preserving records. In 2023, the Flemish Minister for Welfare called for all reports about irregularities in adoption to be flagged; there were over 200 irregularities reported, with 107 receiving an interview with the Flemish Centre for Adoption regarding questions or concerns about their case.

    Belgium did not have specific statistics on unaccompanied foreign minors. The breakdown of statistics was a concern for Belgian authorities. There had been three consecutive projects conducted since 2021 aimed at improving data collection in Belgium. There had been a memo from the College of Prosecutors in searching for missing persons, which set out that any disappearance of foreign unaccompanied minors warranted the heightened interest of all services of the police. The disappearance of foreign unaccompanied minors was always considered worrying. If there was an indication that human trafficking could be involved, criminal policy directives needed to be enforced. Detention of foreign unaccompanied minors was prohibited through the aliens act. The police had an agreement with the guardianship service when there was a disappearance of a foreign unaccompanied minor. Foreign unaccompanied minors should be a priority for receiving a State guardian. Information was given to guardians so they could manage cases of enforced disappearance.

    Questions by Committee Experts

    MATAR DIOP, Committee Expert and Country Rapporteur for Belgium, said it seemed as though the statute of limitations for enforced disappearance which was not considered a crime against humanity was 10 years. What was the statute of limitations for bringing criminal proceedings? Had the State lost an appeal before the court of cassation? Had a mechanism been established at the federal state level to allow potential victims of illegal adoptions to bring forth judicial proceedings or lodge a claim for reparations? Who had jurisdiction for what when it came to adoptions? Had the federal or federated entities imposed criminal penalties for involvement in illegal country adoptions?

    BARBARA LOCHBIHLER, Committee Expert and Country Rapporteur for Belgium, asked if there were mutual legal assistance measures of cooperation with countries regarding migrants? How were migrants in deprivation of liberty registered?

    A Committee Expert said a number of measures had been adopted to support persons who felt they had been victims of illegal international adoption who were seeking to establish their origin. What form did the support take and what was its scope? Determining origins could require more support in cooperation with countries of origin. Did the assistance provided by Belgium encompass such measures? Had these assistance measures been extended across the country, not just the Flemish community? Was the State party considering establishing a commission of inquiry which would shed light on the practice of illegal international adoptions? Would Belgium introduce a comprehensive prohibition on international adoptions at the national level?

    Another Expert asked how many court cases were underway which pertained to intercountry illegal adoptions? How many people had the State helped to recover their identity?

    Responses by the Delegation

    The delegation said the statute of limitations was not applicable in both crimes of enforced disappearance, be they crimes against humanity or non-crimes against humanity. Psychological torture was always taken into account.

    Regarding the decision pertaining to the five mixed-race females, this ruling was being analysed and there would possibly be an appeal filed with the court of cassation. The court had until early April to do so.

    Belgian mutual legal assistance conventions were general in nature and there was not one specifically relating to the disappearance of migrants. The decision to remove a person or take them back to the border was suspended if this exposed them to a risk of refoulment.

    When a person required support around an adoption, the Flemish Adoption Centre and other State entities conducted an interview with the victims and provided care and support following the interview. It ensured that follow up was given regarding personal files. The Centre aimed to collect as much as possible during the interview, finding out what steps had been taken and what needed to be done moving forward. The person involved was given the opportunity to participate in all stages. There was significant cooperation taking place at the communities and federal level. In the French community, the Central Community Authority was there to support those in their search.

    The register on deprivation of liberty did not apply specifically to the registration of migrants, but rather it listed all deprivations of liberty carried out by the police services. The law on foreigners made it possible in certain situations for police services to detain a foreigner, not necessarily a migrant, who did not have identification documents with them.

    The former Minister of Justice had encouraged cooperation between the stakeholders involved in investigating illegal international adoptions. In May 2024, the Government made a statement before the House of Representatives, acknowledging problematic and illegal adoptions had occurred in Belgium between 1950 and today, and that those affected by the adoptions should be considered as victims. Other recent measures had been taken to further implement the resolution of the Chamber adopted in 2022 dedicated to cases of illegal adoptions in Belgium.

    Belgium’s whole legal framework had been enhanced in recent years to respond to events from the past.

    If an act of enforced disappearance had been less than five days, this constituted a level four offence which was still serious, with consequences of up to 10 years in prison.

    Closing Remarks

    OLIVIER DE FROUVILLE, Committee Chair, thanked Belgium for the constructive dialogue and their answers. Following a first constructive dialogue, it was up to the Committee to call for additional information, which was what had happened in this case. The Committee would then focus on certain subjects which it deemed necessary to raise again. Following the dialogue, the Committee would prepare concluding observations and propose recommendations, and from there it would then be decided how to continue the interaction with the State party.

    CHRISTOPHE PAYOT, Permanent Representative of Belgium to the United Nations Office at Geneva and head of the delegation, expressed sincere thanks to all Committee members for the constructive and enriching dialogue. Belgium attached great importance to the treaty body system which played a fundamental role in promoting and protecting human rights in the country. Belgium would benefit from a more predictable reporting cycle with the treaty bodies which would lead to greater participation by State members. It was recognised that enforced disappearance may not have the same scope in all States parties, however, Belgium believed the Convention was vital for combatting impunity. The State looked forward to the Committee’s concluding observations.

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

     

     

    CED25.006E

    MIL OSI United Nations News

  • MIL-OSI United Nations: Guterres to reduce UN aid ‘footprint’ inside Gaza following ceasefire collapse

    Source: United Nations MIL OSI b

    Peace and Security

    The UN Secretary-General on Monday took the “difficult decision” to reduce the aid operation inside the Gaza Strip following the resumption of deadly Israeli airstrikes – but pledged that “the UN is not leaving” the enclave.

    In the past week, Israel carried out devastating strikes on Gaza, claiming the lives of hundreds of civilians, including United Nations personnel, with no humanitarian aid being allowed to enter the Strip since early March,” said a statement released by his Spokesperson.

    “As a result, the Secretary-General has taken the difficult decision to reduce the Organization’s footprint in Gaza, even as humanitarian needs soar and our concern over the protection of civilians intensifies.”

    The UN stressed that it remained fully committed to providing lifesaving aid. Around a third of the approximately 100 international staff working in Gaza will be temporarily relocated.

    After cutting off all humanitarian aid into Gaza for three weeks – the longest suspension since 7 October 2023 – Israeli officials have indicated that they intend to continue their military campaign across Gaza and annex territory to pressure Hamas.

    Strike on UN compound from ‘Israeli tank’

    The UN Spokesperson said that based on currently available information, “the strikes hitting a UN compound in Deir Al Balah on 19 March were caused by an Israeli tank.”.

    In the aftermath of Wednesday’s strike, Israel said it had not been behind the blast.

    “The strikes claimed the life of a UN colleague from Bulgaria and left six others – from France, Moldova, North Macedonia, Palestine and the United Kingdom – with severe injuries, some of them life-altering,” Monday’s statement continued.

    The location of the compound was well known to all the parties to the conflict.

    “I reiterate that all parties to the conflict are bound by international law to protect the absolute inviolability of UN premises,” the statement from Spokesperson Stéphane Dujarric continued.

    “Without this, our colleagues face intolerable risks as they work to save the lives of civilians.”

    The Secretary-General is demanding a full, thorough and independent investigation into Wednesday’s deadly strike, protection of all civilian life in the renewed fighting between Israeli forces and Hamas and the resumption of aid deliveries.

    Furthermore, all hostages “must be released immediately and unconditionally”.

    ‘Relentless bombardment’ again

    One week since Israeli bombing started again in Gaza, UN humanitarians have described deadly attacks hitting health workers, ambulances and hospitals.

    Senior UN humanitarian in the Occupied Palestinian Territory, Jonathan Whittall, said that hundreds of children and adults have been killed since the ceasefire broke down between Hamas and Israel.

    The UN agency for Palestine refugees, UNRWA, also said on Monday that 124,000 people in the enclave have been forced to flee what it called “relentless bombardment”.

    Families carry what little they have with no shelter, no safety, and nowhere left to go; the Israeli authorities have cut off all aid,” UNRWA said in an online statement – warning that food is scarce and prices are soaring as the Israeli blockade continues.

    Relief chief Tom Fletcher tweeted that he was continuing to receive horrific reports from Gaza of more health workers, ambulances and hospitals attacked as they try to save survivors. Mr. Fletcher said we all must demand that hospitals and medics must not be targeted.

    In southern Gaza on Sunday, several casualties were reported after the surgical department of Nasser Medical Complex was hit and caught fire, Mr. Dujarric told journalists in New York at the daily briefing.

    In Rafah, ambulances were reportedly hit in Tal Al Sultan, resulting in several casualties. The Palestine Red Crescent Society said four of its ambulances were targeted, as well as 10 team members carrying out humanitarian work.

    “Communication with the team has been completely lost for 30 hours, and at this point, their fate remains unknown,” the UN Spokesperson continued.

    Call for additional emergency teams

    As hostilities continue across Gaza, aid coordination office, OCHA, and partners called for the entry of additional emergency medical teams into Gaza to help health workers already on the ground who are “exhausted and, of course, overwhelmed.”

    Israeli authorities on Sunday issued a new evacuation order in Rafah, covering around two per cent of the Strip and affecting five neighbourhoods.

    “With this latest directive, the overall area designated for evacuation over the past week covers an estimated 14 per cent of the Gaza Strip – along  with vast ‘no go’ zones along the borders and the Netzarim corridor,” Mr. Dujarric said.

    MIL OSI United Nations News

  • MIL-OSI USA News: More Investment, More Jobs, and More Money in Americans’ Pockets

    Source: The White House

    More Investment, More Jobs, and More Money in Americans’ Pockets

    Today, Hyundai announced a $20 billion investment in the United States — including $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs. The investment, which builds on Hyundai’s pledge earlier this year to “further localize production in the U.S.,” is the latest success in President Donald J. Trump’s pursuit of a Made in America renaissance.

    It’s further proof that President Trump’s economic agenda is working.

    Hyundai is far from the only automaker planning major investments as President Trump leverages tariffs to remake the U.S. into a global manufacturing powerhouse:

    • Stellantis announced a $5 billion investment in its U.S. manufacturing network — including re-opening an Illinois manufacturing plant — as it pledges to increase domestic vehicle production.
    • Volkswagen is considering shifting production of the high-end Audi and Porsche brands to the U.S.
    • Honda is expected to produce its next-generation Civic hybrid model in Indiana.
    • Nissan is considering moving production from Mexico to the U.S.
    • Rolls-Royce is expected to “ramp up” production in the U.S. by hiring more American workers and expand its U.S.-based operations.
    • Volvo is considering expanding its U.S.-based output.

    It’s not just the auto sector; domestic and foreign companies have pledged trillions in new investments since President Trump took office:

    • Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
    • Apple announced a $500 billion investment in U.S. manufacturing and training.
    • Nvidia announced it will invest hundreds of billions of dollars over the next four years in U.S.-based manufacturing.
    • Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.
    • Eli Lilly and Company announced a $27 billion investment in domestic manufacturing.
    • United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
    • France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
    • Merck announced it will invest $8 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility.
    • Clarios announced a $6 billion plan to expand its domestic manufacturing operations.
    • GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs.
    • GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
    • London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility.
    • Dublin-based Eaton Corporation announced a $340 million investment in a new South Carolina-based manufacturing facility for its three-phase transformers.
    • Germany-based Siemens announced a $285 million investment in U.S. manufacturing and AI data centers, which will create more than 900 new skilled manufacturing jobs.
    • Paris Baguette announced a $160 million investment to construct a manufacturing plant in Texas.
    • Switzerland-based ABB announced a $120 million investment to expand production of its low-voltage electrification products in Tennessee and Mississippi.
    • Saica Group, a Spain-based corrugated packaging maker, announced plans to build a $110 million new manufacturing facility in Anderson, Indiana.
    • Paris-based Saint-Gobain announced a new $40 million NorPro manufacturing facility in Wheatfield, New York.
    • India-based Sygene International announced a $36.5 million acquisition of a Baltimore biologics manufacturing facility.
    • Asahi Group Holdings, one of the largest Japanese beverage makers, announced a $35 million investment to boost production at its Wisconsin plant.
    • Samsung is considering moving its dryer production from Mexico to South Carolina.
    • LG is considering moving its refrigerator manufacturing from Mexico to Tennessee.
    • Italian spirits group Campari is “assessing the opportunities to expand its production in the U.S.”
    • Essity, a Swedish hygiene product manufacturer, is considering shifting production to the U.S.
    • Taiwan-based Compal Electronics is considering a U.S.-based expansion.
    • Taiwan-based Inventec is expected to expand its manufacturing operations into Texas.
    • LVMH, a French luxury giant, is “seriously considering” an expansion to its U.S.-based production capabilities.
    • Cra-Z-Art, the biggest toymaker in the U.S., said it will move a “large percentage” of its China-based manufacturing back home.
    • Prepac, a Canadian furniture manufacturer, announced it will move production from Canada to the U.S.

    MIL OSI USA News

  • MIL-OSI New Zealand: INVESTOR SUMMIT SPEECH

    Source: New Zealand Government

    Ka nui te mihi kia kotou, kia ora, and good morning everyone. 
    To those of you visiting us from overseas, can I extend a very special welcome to each and every one of you. 
    Welcome to New Zealand, welcome to the best country on planet Earth, and welcome to our stunning Auckland waterfront. 
    And to all those Kiwis I see in the room today, thank you for being here and showcasing some of the extraordinary businesses and talent that exists in our business community. 
    And it was a real pleasure to meet many of you informally last night, and my Ministers and I are really looking forward to spending much more time with you over the next two days. 
    I meant it before when I said this is the best country on planet Earth. 
    Because what makes New Zealand so very special and unique is our Kiwi Spirit which is exemplified in the qualities, character, and attitude of New Zealanders.  
    For us, it‘s about resilience and determination, ingenuity and innovation, adventure and exploration, creativity and practical problem-solving, humility and mateship, fairness, and a deep care for our land and community. 
    It’s no surprise that growing up in New Zealand, our heroes are Kiwi trailblazers and pioneers, people who have dared to push boundaries, challenge the status quo, and leave a lasting mark on the world.
    From our early Māori explorers navigating vast oceans guided by the stars, to modern-day adventurers like Sir Edmund Hillary conquering Everest.   
    To Ernest Rutherford, the father of nuclear physics, who split the atom and revolutionised our understanding of science. To Rocket Lab’s Peter Beck and his groundbreaking developments in rocket technology launching satellites into space. 
    And Kate Shepperd, who secured New Zealand women the right to vote – the very first country in the world to do so. 
    And our phenomenal athletes who show the world what determination and talent can achieve. Or the stunning world of The Lord of the Rings created by one of our most creative storytellers – Peter Jackson.
    We may be a small country, but time and again, we have proven that size is no barrier to greatness. From the peaks of Everest to the frontlines of social progress, from scientific breakthroughs to arts and sporting legends, Kiwis have led the way.
    And we’re living in an age when New Zealand has never been closer to the action – right in the middle of the booming Indo-Pacific with direct connections to Asia and North America. 
    With the weight of global economic activity shifting from the Atlantic to the Pacific and digital connections breaking down barriers, New Zealand has never been closer to the world.  
    But for all our spirit and hard work, we also know New Zealand can’t do it alone. 
    We’re a small country of around five million people like Ireland, Singapore, and Denmark. 
    Just as those countries have prospered by tapping into larger markets, building stronger international connections, and fostering trade and investment, New Zealand needs to do the same. 
    If we want our country to thrive, we need to work even harder to compete on the world stage – and, in particular, to unlock the commercial partnerships that will supercharge the next generation of growth in the New Zealand economy. 
    That means the Government will work more with Industry to deliver much of the infrastructure and projects that will be showcased over the next two days. 
    Many of your organisations will have extensive experience delivering outstanding world-class infrastructure to national and regional governments worldwide.
    I want New Zealand to seize every opportunity to partner with the private sector and deliver a fresh generation of infrastructure investment to unleash economic growth.  
    But it’s not just infrastructure. 
    I want to develop closer ties between outstanding New Zealanders and their companies based here, with investors and organisations based offshore.  
    I also want to unlock more partnerships between indigenous Iwi Māori organisations and commercial investors, whether they are based in Auckland or Abu Dhabi, Dunedin or Denver.  
    I want start-ups based in Christchurch and Hamilton fighting for seed capital in San Francisco and London – winning their share of global influence and success. 
    Breaking perceptions about the New Zealand economy is critical to that. 
    Yes, we have globally competitive dairy, film, and tourist industries, but our space industry is also operating at the cutting edge, ranking fourth in the world for launches behind the US, China, and Russia. 
    Over the next two days, you will hear more about our plan to unleash growth and ensure New Zealand reaches its full potential. 
    We want you to join us on that journey, and we will have several opportunities on display. 
    That will include the opportunity to deliver infrastructure in partnership with the Crown – both in the form of immediate opportunities and the pipeline of projects going forward. 
    It will include working with Iwi Māori organisations to grow their businesses as they make a multigenerational investment in their people. 
    It will include opportunities in a range of specific sectors where we believe New Zealand has a unique role to play and where we expect the Government to focus its efforts on growth. 
    In the very short term, we have made good economic progress in our first year in Government, although there’s still a long way to go. 
    New Zealand is now in the early stages of a cyclical economic recovery, with growth beginning to pick up and unemployment expected to peak around its current rate. 
    Inflation has fallen and now sits comfortably anchored within the Reserve Bank’s target band at 2.2%. 
    Annual tourism expenditure was up 23% last year, and services and manufacturing activity have returned to growth after extended periods of contraction. 
    Business confidence is at around its highest level in a decade. As confidence has risen, retail trade has picked up, and growth is expected to rise, hitting 3% in 2026. 
    So, there’s now cause for optimism in the New Zealand economy that the recovery is underway and better days lie ahead. 
    For policymakers here in New Zealand, that poses an opportunity – not just to watch the economic recovery, but to shape it. 
    Step-changing economic productivity, lifting incomes, creating jobs, and unleashing the investment New Zealand needs to become much more prosperous.  
    Which brings us to today. 
    I know the only way we will raise incomes, lift New Zealanders’ standard of living, and fund the quality public services we rely on is by unlocking more investment, more innovation, and more entrepreneurship.
    Having broken inflation last year, our collective focus has now turned to shaping the economic recovery – ensuring we take every possible step to lift New Zealand’s economic performance. 
    That renewed energy and effort forms the backdrop of this Summit. 
    My Government is working around the clock to make New Zealand an outstanding place to do business. 
    But before I highlight some of those reforms and my economic priorities as Prime Minister, I want to make a more fundamental point about New Zealand as an investment destination. 
    New Zealand has been and will continue to be a poster child for social and political stability in a more volatile and challenging world. 
    That reputation is long-standing, but in challenging times, it has come into sharper focus. 
    We stand up for our values and live by them, too. That means respecting civil liberties, private property and private life, and the democratic and social institutions that underpin them. 
    We consistently advocate for a rules-based international order that allows small countries like New Zealand to thrive. Free trade isn’t just an idea in New Zealand; it’s the bedrock of our prosperity. 
    For farmers and growers living in rural New Zealand, it has allowed a modern economic miracle: the opportunity to not just collectively operate one of the most efficient agricultural sectors in the world but to live in some of the most stunning parts of the world while they do it. 
    Finally, we might disagree sometimes – but we’re not disagreeable. Over the next two days, you will hear from various political leaders.
    You will hear from senior Ministers representing each of the three political parties in our Coalition Government, as well as Barbara Edmonds, the Labour Party’s Opposition Finance Spokesperson.  
    It’s pretty normal in New Zealand for political parties to disagree with each other – often loudly, and sometimes even with my own Coalition colleagues. 
    But I believe the broad political representation that is here demonstrates that most New Zealanders share the same motivations – higher incomes and more financial freedom, quality public services, and a long-standing belief that our best days lie ahead of us. 
    When you look at all the tension, volatility, and strife in the world today, I think that makes us pretty special, and a very attractive destination for anyone looking to take shelter from the global storm. 
    Political stability, however, is not an excuse for a lack of ambition. 
    You should be under no illusions about my commitment to the Government’s growth agenda and the reforms we are pushing through to unleash investment in the New Zealand economy. 
    Last month, Minister for Economic Growth Nicola Willis published our Government’s Going for Growth Agenda – we have copies for you here – which outlines a range of actions we are taking to get the New Zealand economy moving and realising its vast potential. 
    Each of those actions fits into one of five pillars we have identified as critical to lifting economic growth and improving New Zealanders’ standard of living:

    Developing talent,
    Encouraging innovation, science, and technology,
    Introducing competitive business settings,
    Promoting global trade and investment,
    And delivering infrastructure for growth. 

    Across each of those pillars, we have Ministers from across the Government working day and night to drive through reform – in transport,  tourism, aquaculture, construction, advanced aviation, mining, energy, agriculture, and horticulture. 
    Over the next two days, you will hear much more about our work programme in those areas that will play a critical role in the next phase of New Zealand’s growth story – with more information on a series of specific investable propositions available in the private sector. 
    Among that reform programme are some significant changes designed to achieve a profound step change in the New Zealand economy that I would like to touch on today. 
    For a start, we are clearing away decades of broken planning law – brick by brick. 
    We have introduced the Fast Track regime, which streamlines the consenting process for projects that are regionally and nationally significant. 
    In short, instead of seeking different permissions under different laws, under Fast Track, it’s all done in one place, with a faster process and fewer hurdles to getting underway. 
    That regime is now up and running, and I know a number of projects have already submitted applications since it became operational last month. 
    In short, if you want to build a wind farm, a highway, a quarry, hundreds of new homes, or any other regionally or nationally significant projects, we are busting down the doors to make it happen faster and cheaper. 
    149 projects have already been listed in legislation, but nothing prevents new projects from applying for referral into the scheme. 
    And it doesn’t stop with Fast Track. 
    Further planning reforms are also on the way, including a total replacement of the Resource Management Act. 
    We are also eliminating the barriers to more significant investment in energy and generation to unleash abundant, affordable energy. 
    The impact of unaffordable and unreliable energy on economic growth has been brought into the spotlight in recent years following the Russian invasion of Ukraine. 
    Industries in Europe that had historically relied on access to low-cost natural gas came under tremendous strain, putting pressure on growth and household incomes. 
    In New Zealand, we are lucky that 85% of electricity generation is already renewable, thanks to decades of investment in hydro, wind, solar, and geothermal.  
    But we can’t risk falling short in the years to come. So, as a Government, we are tearing down the barriers to fresh energy investment. That means introducing more permissive rules for renewables.
    But it also means ending restrictions on offshore oil and gas exploration – and providing certainty for market participants by confidently saying that gas has to be part of New Zealand’s energy mix going forward.  
    At the same time, we are making it easier to invest in New Zealand from offshore.  
    That started last year, with fresh directives to our Overseas Investment Office, which slashed processing times and made applications more predictable. 
    Today, an application for offshore investment is approved within 18 days on average, compared to 28 days prior to those changes.
    And two weeks ago, we announced upcoming changes to legislation designed to further improve the timeliness and reliability of our overseas investment regime. 
    We also announced just last month that, from April 1 this year, individuals who invest at least $5 million in New Zealand will be eligible for an Active Investor Visa, with a pathway to residency after three years. 
    I know that for many of you from offshore in this room, that will be positive news. But as a New Zealander, I have to say it’s an even bigger deal for the sharp, ambitious Kiwis here and all around the country, who are hungry for capital and hungry to grow. 
    We know the impact foreign investment has on local businesses. It’s not just the capital investment; it’s the skills, connections, and linkages into new markets. 
    That translates into higher wages, more jobs, more money in Kiwi wallets, and more resilient businesses that make an even greater contribution in the community. 
    We need more of it, especially for a small country hungry to grow like New Zealand, which is why I have invited many of you here today. 
    I believe New Zealand’s best days are ahead of us—and we can make them happen if we get serious about partnering with commercial expertise to solve some of our biggest economic challenges and seize on the huge economic opportunities ahead of us. 
    Helping to end New Zealand’s infrastructure deficit through private sector partnership.
    Fattening out our capital markets and opening up new sectors for growth.
    Strengthening our connections to the world, enhancing technology, lifting productivity, and opening new markets for our products and services. 
    Over the next two days, you will hear from a range of leaders—cabinet Ministers, business leaders, and Iwi Māori leaders—who I know are committed to responding to our challenges and opportunities. 
    There will also be plenty of time across both days for closer interactions and to discuss the opportunities and challenges that you are confronting in your own businesses. 
    While you’re here, please also enjoy our hospitality and culture. We’re not just here to do business—we’re here to build relationships and make the case for New Zealand as an outstanding country to invest in, to visit, and to establish roots in. 
    So once again, and on behalf of the New Zealand Government and the New Zealand people, welcome to this year’s Summit. 
    I’m excited to get stuck in – and I can’t wait to hear more from you over the next two days about your approach to business and the difference you could make for growth, investment, jobs, and opportunity for us here in New Zealand. 
    Thank you. 

    MIL OSI New Zealand News

  • MIL-OSI USA: NASA’s Curiosity Rover Detects Largest Organic Molecules Found on Mars

    Source: NASA

    Researchers analyzing pulverized rock onboard NASA’s Curiosity rover have found the largest organic compounds on the Red Planet to date. The finding, published Monday in the Proceedings of the National Academy of Sciences, suggests prebiotic chemistry may have advanced further on Mars than previously observed.
    Scientists probed an existing rock sample inside Curiosity’s Sample Analysis at Mars (SAM) mini-lab and found the molecules decane, undecane, and dodecane. These compounds, which are made up of 10, 11, and 12 carbons, respectively, are thought to be the fragments of fatty acids that were preserved in the sample. Fatty acids are among the organic molecules that on Earth are chemical building blocks of life.
    Living things produce fatty acids to help form cell membranes and perform various other functions. But fatty acids also can be made without life, through chemical reactions triggered by various geological processes, including the interaction of water with minerals in hydrothermal vents.
    While there’s no way to confirm the source of the molecules identified, finding them at all is exciting for Curiosity’s science team for a couple of reasons.
    Curiosity scientists had previously discovered small, simple organic molecules on Mars, but finding these larger compounds provides the first evidence that organic chemistry advanced toward the kind of complexity required for an origin of life on Mars.

    The new study also increases the chances that large organic molecules that can be made only in the presence of life, known as “biosignatures,” could be preserved on Mars, allaying concerns that such compounds get destroyed after tens of millions of years of exposure to intense radiation and oxidation.
    This finding bodes well for plans to bring samples from Mars to Earth to analyze them with the most sophisticated instruments available here, the scientists say.
    “Our study proves that, even today, by analyzing Mars samples we could detect chemical signatures of past life, if it ever existed on Mars,” said Caroline Freissinet, the lead study author and research scientist at the French National Centre for Scientific Research in the Laboratory for Atmospheres and Space Observations in Guyancourt, France
    In 2015, Freissinet co-led a team that, in a first, conclusively identified Martian organic molecules in the same sample that was used for the current study. Nicknamed “Cumberland,” the sample has been analyzed many times with SAM using different techniques.

    Curiosity drilled the Cumberland sample in May 2013 from an area in Mars’ Gale Crater called “Yellowknife Bay.” Scientists were so intrigued by Yellowknife Bay, which looked like an ancient lakebed, they sent the rover there before heading in the opposite direction to its primary destination of Mount Sharp, which rises from the floor of the crater.
    The detour was worth it: Cumberland turns out to be jam-packed with tantalizing chemical clues to Gale Crater’s 3.7-billion-year past. Scientists have previously found the sample to be rich in clay minerals, which form in water. It has abundant sulfur, which can help preserve organic molecules. Cumberland also has lots of nitrates, which on Earth are essential to the health of plants and animals, and methane made with a type of carbon that on Earth is associated with biological processes.
    Perhaps most important, scientists determined that Yellowknife Bay was indeed the site of an ancient lake, providing an environment that could concentrate organic molecules and preserve them in fine-grained sedimentary rock called mudstone.
    “There is evidence that liquid water existed in Gale Crater for millions of years and probably much longer, which means there was enough time for life-forming chemistry to happen in these crater-lake environments on Mars,” said Daniel Glavin, senior scientist for sample return at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, and a study co-author.

    [embedded content]

    The recent organic compounds discovery was a side effect of an unrelated experiment to probe Cumberland for signs of amino acids, which are the building blocks of proteins. After heating the sample twice in SAM’s oven and then measuring the mass of the molecules released, the team saw no evidence of amino acids. But they noticed that the sample released small amounts of decane, undecane, and dodecane.
    Because these compounds could have broken off from larger molecules during heating, scientists worked backward to figure out what structures they may have come from. They hypothesized these molecules were remnants of the fatty acids undecanoic acid, dodecanoic acid, and tridecanoic acid, respectively.
    The scientists tested their prediction in the lab, mixing undecanoic acid into a Mars-like clay and conducting a SAM-like experiment. After being heated, the undecanoic acid released decane, as predicted. The researchers then referenced experiments already published by other scientists to show that the undecane could have broken off from dodecanoic acid and dodecane from tridecanoic acid.
    The authors found an additional intriguing detail in their study related to the number of carbon atoms that make up the presumed fatty acids in the sample. The backbone of each fatty acid is a long, straight chain of 11 to 13 carbons, depending on the molecule. Notably, non-biological processes typically make shorter fatty acids, with less than 12 carbons.
    It’s possible that the Cumberland sample has longer-chain fatty acids, the scientists say, but SAM is not optimized to detect longer chains.
    Scientists say that, ultimately, there’s a limit to how much they can infer from molecule-hunting instruments that can be sent to Mars. “We are ready to take the next big step and bring Mars samples home to our labs to settle the debate about life on Mars,” said Glavin.This research was funded by NASA’s Mars Exploration Program. Curiosity’s Mars Science Laboratory mission is led by NASA’s Jet Propulsion Laboratory in Southern California; JPL is managed by Caltech for NASA. SAM (Sample Analysis at Mars) was built and tested at NASA’s Goddard Space Flight Center in Greenbelt, Maryland. CNES (the French Space Agency) funded and provided the gas chromatograph subsystem on SAM. Charles Malespin is SAM’s principal investigator.
    By Lonnie ShekhtmanNASA’s Goddard Space Flight Center, Greenbelt, Md.

    MIL OSI USA News

  • MIL-OSI Banking: Members continue TRIPS implementation review discussion, address IP notification obligations

    Source: WTO

    Headline: Members continue TRIPS implementation review discussion, address IP notification obligations

    Under Article 71.1 of the TRIPS Agreement, 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 other review has subsequently been initiated.
    The Chair recalled that over the past year members had spent significant time and energy on considering how to finally launch the review. They ultimately converged on a “Proposed Process for the First Review of the Implementation of the TRIPS Agreement under Article 71.1” that was circulated as document JOB/IP/79/Rev.3 on 22 November 2024.
    However, the Chair noted, despite intensive and constructive engagement by members, who have never been closer to consensus on this particular issue, that document could not be adopted. Reporting on the group consultations she held with members on 7 March to hear ideas on how to approach work on this issue in the future, she indicated that members’ concerns that had prevented the adoption of the draft document in December remained prevalent.
    A number of delegations expressed their willingness to continue discussions on this issue. Therefore, the Chair left the door open to hold another round of consultations in the coming weeks, provided that delegations remain willing to engage constructively and find an agreed solution.
    Notifications
    The WTO Secretariat provided an update on notifications under various provisions of the TRIPS Agreement received by the Council since its last meeting in November 2024. The Secretariat also submitted the “Annual report on notifications and other information flows”.
    The report indicates that although participation in WTO notifications has increased, many members are not fulfilling their ongoing notification obligations, which impacts the Council’s monitoring function. Despite considerable legislative changes in IP over the past 15 years, 21 per cent of developed and 37 per cent of developing members have not notified the Council of any new or amended laws since 2009. Furthermore, 63 per cent of IP enforcement contact points and 75 per cent of technical and financial cooperation contact points have not been updated in over a decade.
    In 2024, members submitted 125 notifications, including 116 new or updated domestic laws or regulations pertaining to the TRIPS Agreement, as required under Article 63.2. The rate of participation remained steady, with 26 members submitting at least one notification.
    Reports on technology transfer to LDCs and on technical and financial cooperation were similar to those in 2023, with 16 developed members submitting reports. However, no notifications were received in 2024 for the special compulsory licensing system or updates on biotechnology or geographical indications.
    The report also notes that the e-TRIPS information system, designed to improve transparency and provide simple online submission processes, has seen steady usage since its 2019 launch. By 2024, 93 per cent of members were using the platform and 96 per cent of total submissions were made through the platform.
    Delegations notifying new or revised legislation took the floor to inform the Council of the main elements presented in their documents. This practice has become an established tradition, with many delegations following it at recent sessions of the Council. It has proven to be very useful in improving understanding of the notifications, raising awareness and promoting transparency.
    Technology transfer
    The TRIPS Council meeting was attended by the participants of the annual WTO workshop on incentives for technology transfer to least-developed countries (LDCs) under the TRIPS Agreement. This was opened by Deputy Director-General Johanna Hill on 17 March. The workshop brought together 30 participants from LDCs, experts from eight developed members, specialists from the public and private sectors and intergovernmental organizations.
    Technology transfer is deeply embedded in the TRIPS Agreement and is explicitly mentioned in its objectives in Article 7. Since 2003, when WTO members agreed on the transparency mechanism for technology transfer under Article 66.2, developed country members have submitted over 400 reports detailing their actions and commitments. To date, the TRIPS Council has conducted 21 reviews of these reports, generating valuable insights into effective strategies and best practices.
    A follow-up to the annual review of reports from nine developed members on their technology transfer commitments and related programmes took place at the TRIPS Council. See here.
    Several LDC members thanked the Secretariat for organizing the workshop and developed countries for their detailed reports. They underscored the importance of informal dialogue between LDC members and developed country members. This is particularly important when it comes to tailoring technology transfer programmes to LDCs’ priority needs and learning from developed members’ experience, they added.
    On a separate ad hoc agenda item, members addressed a communication on “IP and innovation: Technology transfer case studies” introduced 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 objective was to facilitate discussions at the TRIPS Council, using concrete case studies that show real-world technology transfer in action across industries such as agriculture, sustainability and manufacturing.
    Many projects were showcased to underline how technology transfer can support innovation and economic growth. These included a Japanese-Tanzanian partnership producing insecticide-treated nets and technical know-how provided to Sri Lankan companies in the manufacturing and textile industries. The World Intellectual Property Organization (WIPO) presented WIPO GREEN, an online platform connecting providers and seekers of eco-friendly technologies to combat climate change.
    Non-violation and situation complaints (NVSCs)
    The Chair reported on the consultations she held in early March with the most active members and Group coordinators on this issue, where delegations largely repeated their known positions. One member suggested that the Secretariat organize a briefing session on this issue to provide an overview of the points and arguments raised in the past, she said.
    She underlined that none of the various suggestions made by her predecessors in meetings and informal consultations as to how members could resume a substantive debate have been taken up by members, indicating that there is little desire to restart substantive discussions on this issue. Taking into account that the 14th Ministerial Conference (MC14) will take place in March 2026, she reminded members that the examination of the scope and modalities of these complaints is a ministerial mandate for this Council, which members should make a serious effort to fulfill.
    At the 13th Ministerial Conference (MC13), ministers adopted the Decision on TRIPS Non-Violation and Situation Complaints, tasking the TRIPS Council to continue its review of the scope and modalities for NVSCs and to make recommendations to MC14. It was also agreed that, in the meantime, members would not bring such complaints under the TRIPS Agreement.
    Non-violation and situation complaints (NVSCs) refer to whether and under what conditions members should be able to bring WTO dispute complaints where they consider that another member’s action, or a particular situation, has deprived them of an expected advantage under the TRIPS Agreement, even though no obligation under the Agreement has been violated.
    Members have historically differed on whether such non-violation cases are feasible in intellectual property. Some delegations consider NVSCs essential to maintaining the proper balance of rights and obligations within the TRIPS Agreement while helping to ensure that legitimate obligations are not circumvented or avoided. Others believe there is no place for the application of non-violation complaints in the area of intellectual property because of the legal insecurity and curtailment of flexibilities that could ensue and favour their complete ban in the TRIPS area.
    Pandemic response
    The Chair highlighted the WTO’s compilation document COVID-19: Measures Regarding Trade-Related Intellectual Property Rights, available on its website. This document, compiled by the Secretariat using official sources and verified by relevant members, provides a non-exhaustive overview of IP-related measures taken in response to the pandemic. She urged delegations to update the Secretariat with any new measures, modifications or expirations.
    Discussions continued on proposals under paragraph 24 of the Ministerial Declaration on the WTO Response to the COVID-19 Pandemic and Preparedness for Future Pandemics, reaffirmed in the Abu Dhabi Ministerial Declaration of March 2024. This provision mandates the Council to assess challenges and lessons from the pandemic, including through members’ proposals.
    Members also continued to review two submissions: one by the United Kingdom on Intellectual Property, Voluntary Licensing, and Technology Transfer, and another by Bangladesh, Colombia, Egypt and India on TRIPS for Development and Post-MC13 Work on TRIPS-Related Issues. The debate centered on pandemic preparedness and the WTO’s role in addressing IP concerns.
    Some delegations stressed the need for balancing IP rights with public health to secure access to medicines in future crises. Others highlighted the need for updated IP policies and voluntary licensing as key for effective technology transfer, calling for evidence-based discussions under this agenda item.
    Other issues
    Members discussed a second ad hoc agenda item under the heading of “IP and the public interest”, included at the request of Bangladesh, Brazil, Colombia, India and Pakistan. These delegations submitted a paper on this topic, entitled “Intellectual Property for Development Group – Side Activity: 30 Years of Developing Countries’ Expectations and Concerns about TRIPS”.
    Participating members presented a summary of a side event organized on 19 March by the informal group of countries known as “Intellectual Property (IP) for Development”. At this event, delegates and experts were invited to an initial discussion to reflect on the history of the TRIPS negotiations, 30 years after their conclusion. Proponents noted that a discussion on the evolution and impact of TRIPS will help to improve the available information, providing valuable insights and reflections for assessing the expectations of developing economies.
    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.

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    MIL OSI Global Banks

  • MIL-OSI United Nations: Security Council Examines Ways to Strengthen United Nations Peacekeeping against New Threats

    Source: United Nations General Assembly and Security Council

    Delegates Debate ‘Christmas-Tree’ Add-on Mandates versus Focusing on Core Tasks

    The Security Council today debated ways to adapt United Nations peacekeeping to evolving threats with Member States emphasizing the need to partner with regional organizations and actively involve local communities, particularly women.  They also stressed the importance of aligning mandates with available resources, leveraging intelligence-led strategies and digital tools for data-driven decision-making, and avoiding overly broad “Christmas-tree mandates” that prolong operations and escalate costs.

    “Terror and extremist groups, organized crime, the weaponization of new technologies and the effects of climate change are all testing our capacities to respond,” United Nations Secretary-General António Guterres said during the Council’s day-long open debate focusing on the ability of United Nations peace operations to adjust to new realities on the ground.  These challenges along with more complex and deadly wars, he cautioned, “throw fuel on the fires of conflict”.

    He also highlighted a “persistent mismatch between mandates and available resources”, as well as growing divisions within Council itself.  To address this, he called for a tailored and collective approach to peace operations. Announcing a forthcoming United Nations peace operation review — mandated by Member States in the Pact for the Future, he said that this process will incorporate insights from the New Agenda for Peace and from the first comprehensive study of special political missions in the 80-year history of the United Nations.

    Peace operations, he emphasized, must engage early with host nations and local partners, guided by clear, achievable mandates and viable exit strategies.  “Today’s open debate provides a vital opportunity for the Council to share perspectives and ideas to inform the review process,” Mr. Guterres concluded.

    Cultural Shifts Required

    “The fact that peace operations are effective is one of the most verified findings in international relations literature,” said Jenna Russo, Director of Research at the International Peace Institute and Head of the Brian Urquhart Center for Peace Operations.  “Yet, there is often a dissonance between these findings and the lived experiences of those in conflict settings,” she added.

    Offering four recommendations, she first called for a stronger planning culture within the Secretariat.  Bureaucratic and political barriers have kept this culture of planning from taking root, she said, adding that the Organization should build the capacity to discern emerging trends, anticipate potential shifts and respond proactively.

    Secondly, she said, the Organization must embrace a “risk-tolerant culture around peace operations”, noting that “personnel are structurally disincentivized from trying new things and reporting what doesn’t work for fear that their budgets and jobs may suffer the consequences”.  She highlighted the need for a culture that creates space for trying and even failing, with the aim of learning and improving — “this culture must come from the top”.

    “The Secretariat should tell the Council what it needs to hear, not what it wants to hear,” she underscored as her third recommendation, citing the 2000 Report of the Panel on United Nations Peace Operations.  Instead of the Secretariat pre-emptively lowering the bar on what is politically possible, she said, it should present a wide range of options and leave it to the Council to adjust the bar.

    Modular Approach — Building Blocks

    Her final recommendation was that the Council should consider the advantages and the risks of a modular approach to peace operations.  Mandated sets of activities like electoral support, human rights monitoring or security sector reform can be “treated like building blocks that can be scaled up or down over the lifespan of a mission”, she said.  This approach can promote more tailored responses and align mandates with available resources, but it comes with the risk that broader peacebuilding aspects “could fall by the wayside if the Council or host States view them as optional”, she added.

    In the ensuing open debate, speakers stressed the need to evolve with the times, underscored the importance of regional partnerships and called for a more people-centered approach that involves local communities, and specifically women, in peace efforts.

    Closer Cooperation with Regional Organizations

    “For millions, the blue flag and the blue helmets are symbols of hope,” said Lars Løkke Rasmussen, Minister for Foreign Affairs of Denmark and Council President for March, as he spoke in his national capacity.  However, just as conflicts and needs have evolved, so must the UN’s tools, he stressed, urging closer collaboration with regional and subregional organizations — “especially the African Union” — and the inclusion of women in peace processes.

    Zane Dangor, Director-General of the Department of International Relations and Cooperation of South Africa, said that deployments by regional and subregional organizations, such as the African Union and the Southern African Development Community (SADC), if authorized and supported by the UN, could off-set the limitations of the Organization’s peacekeeping operations.  Calling for the accelerated implementation of Council resolution 2719 (2023), he said the Council can also gain insights from the experiences of African peace operations that are often conducted in difficult conditions and with limited resources.

    Jiří Kozák, Deputy Minister for Foreign Affairs of the Czech Republic, emphasized that strong coordination with regional partners, such as the African Union and European Union, must be systematic, practical and based on the sharing of resources, information and best practices.  “Improved coordination will ensure stronger political and operational support,” he added.

    Similarly, Guyana’s representative highlighted the need for deeper collaboration with regional organizations and reiterated the calls of previous speakers who stressed that women must be present at all levels — from peacekeeping forces to peace negotiations.

    “Peace should be built from the ground up,” said Javier Martínez-Acha Vásquez, Panama’s Minister for Foreign Affairs.  Conflict-resolution mechanisms “are more likely to last when women are leaders and involved in the peacebuilding process”, he added.  Insun Kang, Vice-Minister for Foreign Affairs of the Republic of Korea, called for a people-centered approach that respects host country priorities and national ownership.  “This approach views local populations as not just beneficiaries of peacekeeping efforts, but active participants,” she said, noting her country’s rice cultivation and vocational training initiatives in South Sudan.

    Noting that the Council has not mandated a new peacekeeping operation in 10 years, Syed Tariq Fatemi, Special Assistant to the Prime Minister of Pakistan, warned that the UN’s absence is being filled by “negative actors and soldiers of fortune”.  UN peacekeeping is cost effective, representing only 3 per cent of global military spending.  The Council must ensure it is properly funded and resourced.

    Accountability for Performance

    As the global leader of peacekeeping capacity-building, the United States aims to ensure that its programmes have measurable effects on the ground, said that country’s representative. “Robust accountability measures will enhance the effectiveness and efficiencies of UN peacekeeping missions,” she said, adding that accountability must incentivize positive performance and expedient consequences for performance failures.

    On that, Somalia’s delegate, pointing to Africa’s experience with peacekeeping operations, stressed that “success depends on two interlinked principles — clear strategic planning and operational adaptability”.

    Caution against ‘Christmas-Tree Mandates’

    Several speakers expressed concern about the overbroad mandates of UN peacekeeping missions, noting that these mandates often lead to prolonged missions in host countries, costing billions of dollars.  “The result is missions that are present in countries for decades and cost billions of dollars,” said the representative of the Russian Federation. Rather, she stressed that “the goal we need to be aiming for” is that, after a mandate is implemented, host States assume full responsibility for conflict prevention.

    “We must end the strange phenomenon where every mandate renewal leads to expansion,” said China’s representative, also rejecting the “unchecked growth of Christmas-tree mandates”.  He further underscored that the principles of consent, impartiality and non-use of force except in self-defence “should always be upheld as fundamental guidelines”.

    Similarly, Algeria’s delegate said: “We are witnessing, in some cases, what can be described as ‘Christmas-tree’ mandates, under which UN missions are tasked with an overwhelming number of responsibilities, thus hindering their ability to undertake focused and targeted engagements”.

    Slovenia’s delegate was among the speakers who stressed the need to enhance early warning and rapid response capabilities to address conflicts before they escalate.  “Missions must be proactive rather than reactive,” she said.  Greece’s delegate, echoing many other delegations, condemned attacks on peacekeepers and emphasized the need to ensure their absolute safety.

    Clear, Realistic Mandates, Use of Digital Tools 

    France’s delegate said that “peacekeeping is the heart” of the UN.  Peacekeeping missions “need to be part of a strategy, but in order for them to be successful, the mandate has to be based on clear, realistic and political objectives”, he added.  The representative of the United Kingdom said the UN needs to harness innovation, using data-driven decision-making, intelligence-led approaches and digital tools.  Peacekeepers must be trained on emerging threats, including cyberwarfare, disinformation campaigns and climate-related security risks.

    On the Secretary-General’s efforts to make the united Nations fit for purpose, Beate Meinl-Reisinger, Federal Minister for European and International Affairs of Austria, stated:  “Reform, yes; replace, no.”  Underlining the need for a “flexible toolbox of peace operations”, she stressed the importance of political solutions to the success of such operations.  “They can only keep peace where there is a peace to keep,” she observed.

    Over the past eight decades, the UN has deployed more than 120 peace operations in over 50 countries, and to a very large extent, these missions have helped prevent, manage and resolve conflicts, said the representative of Sierra Leone.  When his country was in the throes of a brutal civil war more than 20 years ago, the United Nations Mission in Sierra Leone (UNAMSIL) assisted in disarming more than 75,000 ex-combatants, restored State authority and oversaw the first post-conflict democratic elections.  “The Mission, at the time, was seen as a prototype for the UN’s new emphasis on peacebuilding and showed how a well-resourced and adaptable UN operation can support a country to rebuild, reconcile and reclaim its future,” he said.

    MIL OSI United Nations News

  • MIL-OSI Europe: Answer to a written question – Spread of foot-and-mouth disease in the EU – E-000395/2025(ASW)

    Source: European Parliament

    [3] 

    The Commission adopted three regionalisation decisions:

    — Commission Implementing Decision (EU) 2025/87 of 13 January 2025 concerning certain interim emergency measures relating to foot and mouth disease in Germany (OJ L, 2025/87, 14.1.2025, ELI: http://data.europa.eu/eli/dec_impl/2025/87/oj);

    — Commission Implementing Decision (EU) 2025/186 of 24 January 2025 concerning certain emergency measures relating to foot and mouth disease in Germany and repealing Implementing Decision (EU) 2025/87 (OJ L, 2025/186, 28.1.2025, ELI: http://data.europa.eu/eli/dec_impl/2025/186/oj); and

    — Commission Implementing Decision (EU) 2025/323 of 11 February 2025 concerning certain emergency measures relating to foot and mouth disease in Germany and repealing Implementing Decision (EU) 2025/186 (OJ L, 2025/323, 12.2.2025, ELI: http://data.europa.eu/eli/dec_impl/2025/323/oj).

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Follow-up on State aid for airports, commercial aviation and rail in Portugal – E-000450/2025(ASW)

    Source: European Parliament

    As set out in the Commission’s reply of 19 July 2024[1], it is for the Member States to assess if a measure involves state aid and if so, to notify it to the Commission for assessment, unless it is covered by block exemptions.

    While the Commission cannot comment on exchanges with Member States due to confidentiality, it currently has not sufficient evidence to raise doubts and investigate the measures referred to in the question ex officio.

    Regarding the new airport in Alcochete, it is possible that public funding for airport infrastructure does not involve state aid, depending on the design of the concession agreement.

    The Guidelines on state aid to airports and airlines[2] (Aviation Guidelines) offer guidance on the notion of aid and the conditions for state aid in the aviation sector to be compatible with the single market. In particular, investment aid for large airports is possible under exceptional circumstances under the Aviation Guidelines.

    As concerns TAP Air Portugal, the Commission notes that any state aid approved by the Commission does not need to be reimbursed by the beneficiary.

    This includes compensation for damages suffered due to COVID-19 and the restructuring aid as approved by the Commission in 2021 and 2022[3].

    The restructuring aid for TAP Air Portugal was approved by the Commission after having conducted a thorough investigation, considering comments from third parties, including competitors.

    Regarding the EUR 20 rail pass, Member States can introduce public service obligations (PSO) establishing maximum tariffs for passengers in line with the provisions of the PSO Regulation 1370/2007[4] on public passenger transport services by rail and by road.

    If the requirements of that regulation are fulfilled, the measure is block-exempted and does not need to be notified to the Commission.

    • [1] Reply to Written Question E-001390/2024.
    • [2] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52014XC0404%2801%29&qid=1741950911744
    • [3] SA.62304. SA.63041, SA.63042, SA.100121, SA.60165.
    • [4] https://eur-lex.europa.eu/eli/reg/2007/1370/oj/eng

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Double standards in EU nuclear policy – E-001101/2025

    Source: European Parliament

    Question for written answer  E-001101/2025
    to the Commission
    Rule 144
    Diego Solier (ECR), Nora Junco García (ECR), Maria Grapini (S&D), Ondřej Krutílek (ECR), Nicolas Bay (ECR), Milan Mazurek (ESN), Tobiasz Bocheński (ECR), Jana Nagyová (PfE), Elena Donazzan (ECR), Irmhild Boßdorf (ESN), Marcin Sypniewski (ESN), Emil Radev (PPE), Filip Turek (PfE), Ondřej Knotek (PfE), Tomáš Kubín (PfE), Ivaylo Valchev (ECR), Georgiana Teodorescu (ECR), Sebastian Tynkkynen (ECR)

    Commission Executive Vice-President Teresa Ribera recently authorised EUR 32 billion in aid to extend the lifetimes of two nuclear power plants in Belgium, which contrasts starkly with her policy of shutting down nuclear plants in Spain. This apparent contradiction raises serious doubts about the consistency and fairness of decisions on energy policy within the EU.

    While Belgium is promoting the continuation of nuclear energy with government support, Spain is being forced to shut down its plants, which will have severe consequences for energy security, industrial competitiveness, and electricity costs for citizens. It is unacceptable that Spaniards are being forced to make sacrifices while other countries are able to implement more pragmatic policies that favour energy stability.

    We would therefore like to ask the following questions:

    • 1.Does the Commission consider that Executive Vice-President Ribera’s stance regarding Spain and Belgium respects the principle of equal treatment among Member States?
    • 2.Does the Commission envisage measures to ensure that all countries can opt to extend the lifetimes of their nuclear plants without political discrimination?
    • 3.How does the Commission intend to ensure that national energy policies do not create distortions in the EU electricity market?

    Submitted: 14.3.2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – International child abduction and implementation of the Brussels IIb Regulation – E-001054/2025

    Source: European Parliament

    Question for written answer  E-001054/2025
    to the Commission
    Rule 144
    Raphaël Glucksmann (S&D), Murielle Laurent (S&D), Emma Rafowicz (S&D)

    Despite the entry into force of the Brussels IIb Regulation in August 2022, the international abduction of European children remains a recurrent phenomenon, with more than a thousand cases a year. One very worrying case is that of Eva and Juliette Paris, which was investigated by the French judicial authorities.

    • 1.What is the Commission’s assessment at this stage of the implementation of the Brussels IIb Regulation by the Member States, in particular France?
    • 2.What action is the Commission taking to prevent and resolve cases of international abduction of European children and to ensure the implementation and enforcement of the Hague Convention and the Brussels IIb Regulation by the third countries concerned, including the United States?

    Submitted: 12.3.2025

    Last updated: 24 March 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Animal abuse and the need for sterner measures in the EU – P-001118/2025

    Source: European Parliament

    Priority question for written answer  P-001118/2025
    to the Commission
    Rule 144
    Emil Radev (PPE)

    While the Commission has dallied over the creation of a comprehensive legislative framework on animal protection and a review of the existing rules has been slow to materialise, Bulgarian society has been rocked by revelations concerning an international criminal network that has turned the abuse and killing of animals into a lucrative business. An investigation has revealed that footage of cats, dogs, rabbits, guinea pigs and other animals being tortured and killed has been shown online for payment, including using cryptocurrency.

    These and other similar cases highlight the need for urgent and decisive action at European level. A number of studies have proven there to be a link between the abuse of animals and violence against humans, so countering such crimes is not just a matter of values, but also one of security. The EU should not allow such crimes to continue, concealed behind the anonymity of the internet and legislative loopholes or a lack of proper control.

    In this connection, I would like to ask the following questions:

    • 1.What legislative initiatives is the Commission planning to tighten up measures to combat animal abuse, including the illegal commercialisation and broadcasting of violent online material?
    • 2.How will it expedite the adoption of minimum animal welfare standards and effective control of these standards?
    • 3.Will tougher penalties and stricter mechanisms be introduced to prosecute cross-border animal crime, especially when this is committed online?

    Submitted: 17.3.2025

    Last updated: 24 March 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Strengthening early childhood education and care in the EU – E-000464/2025(ASW)

    Source: European Parliament

    The Commission supports Member States to ensure the provision of high-quality early childhood education and care (ECEC) for all children.

    The European Education Area Working Group on ECEC[1] — in line with the 2019 Council Recommendation on high-quality ECEC systems[2] and the EU quality framework on ECEC — provides peer learning opportunities and evidence-based knowledge and examples to inform Member State reforms, addressing topics of governance, staff and inclusion. It plans to focus on curricula in 2026.

    The Commission also encourages free and effective access to ECEC for children in need, through the European Child Guarantee, with the support of the European Social Fund Plus[3].

    In addition, the Commission supports ECEC through various funding instruments:

    —With the support of the Recovery and Resilience Facility, 15 Member States committed to reforms and investments in this policy area with a value of almost EUR 7.5 billion.[4]

    —The Technical Support Instrument[5] has, since 2020, been supporting ECEC reforms in Bulgaria, Czechia, Austria, Cyprus, Portugal and Germany.

    —Erasmus+[6] funds mobility projects for (future) ECEC staff, and projects to develop innovative pedagogies and cooperation.

    • [1] https://wikis.ec.europa.eu/display/EAC/ECEC
    • [2] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=oj:JOC_2019_189_R_0002
    • [3] https://european-social-fund-plus.ec.europa.eu/en
    • [4] Figure as of 10 March 2025. Data are based on the pillar tagging methodology for the Recovery and Resilience scoreboard and correspond to the measures allocated to the policy area ‘early childhood education and care’ as primary or secondary policy area.
    • [5] https://commission.europa.eu/funding-tenders/find-funding/eu-funding-programmes/technical-support-instrument/technical-support-instrument-tsi_en
    • [6] https://erasmus-plus.ec.europa.eu/
    Last updated: 24 March 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Sale of Meteor missiles to Türkiye – E-000419/2025(ASW)

    Source: European Parliament

    The Commission cannot comment, neither on negotiations leading to arms sales by Member States, nor on Member States’ decisions in individual cases regarding their arms export authorisations, which remain generally their national prerogative.

    Such export is subject, inter alia[1], to Council Common Position (CP) 2008/944/CFSP[2]. Under its Article 2(5)(b), when assessing export licence applications, Member States shall take into account the risk of use of the items against their forces or those of other Member States, as well as those of friendly and allied countries.

    The EU has stressed that Türkiye must respect the sovereignty and territorial integrity of all Member States. The EU has also underlined its expectations from Türkiye to fully respect international law, to de-escalate tensions in the interest of regional stability in the Eastern Mediterranean, and to promote good neighbourly relations in a sustainable way[3].

    The Council has taken good note of the recent improvements in relations between Türkiye and Greece in the expectation that they will be sustainable[4].

    In its conclusions of 14 October 2019[5], the Council recalled the decision taken by some Member States to halt arms exports to Türkiye. Member States committed to strong national positions on the basis of the CP, including strict application of criterion 4 (regional stability) as a basis for denying a licence.

    Member States continuously work in the Common Foreign and Security Policy framework to promote convergence in arms exports. The Council’s Working Party on Conventional Arms Export remains seized of arms exports to Türkiye .

    • [1] This includes also national legislation and the Arms Trade Treaty, https://thearmstradetreaty.org/hyper-images/file/ATT_English/ATT_English.pdf?templateId=137253
    • [2] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32008E0944
    • [3] This was stressed by the European Council conclusions of June 2022, https://www.consilium.europa.eu/en/press/press-releases/2022/06/24/european-council-conclusions-23-24-june-2022/, p.7.
    • [4] https://data.consilium.europa.eu/doc/document/ST-16707-2023-INIT/en/pdf
    • [5] https://data.consilium.europa.eu/doc/document/ST-13090-2019-INIT/en/pdf
    Last updated: 24 March 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Sharp increase in credit transfer fraud in Romania and Bulgaria – E-002903/2024(ASW)

    Source: European Parliament

    While security requirements introduced by the EU Payment Services Directive[1], such as strong customer authentication, have had a positive impact on reducing payment fraud, malicious behaviours are constantly evolving and increasingly relying on the manipulation of the payment service user.

    Cases where users are manipulated by fraudsters into making a payment, or to disclose sensitive information which is used to commit fraud are becoming more widespread.

    Where the user is manipulated into making a fraudulent credit transfer, often the user bears the losses as the transaction is deemed to have been authorised.

    According to the latest European Banking Authority (EBA) risk assessment report[2], the greatest increase in the total value of losses due to fraud borne by users of credit transfers was observed in Bulgaria, Romania and Hungary, but the issue is not limited to Eastern Europe. Combatting payment fraud is a key priority for the Commission.

    The Commission’s proposal on a Payment Services Regulation (PSR) published in June 2023[3] and currently in co-decision procedure, includes additional fraud prevention measures. It also proposes to introduce new redress rights for consumers, for example in case of bank employee impersonation fraud.

    Data quality issues often stem from incomplete data submissions or methodological misclassifications by reporting agents. It is primarily the role of competent authorities at national level to follow-up on such issues where they occur.

    To further enhance data quality, the PSR proposal mandates the EBA to develop technical standards on the reporting of payment fraud data.

    This also aims to foster a more consistent application of the legal requirements and a more effective enforcement by competent authorities.

    • [1]  PSD2: OJ L 337, 23.12.2015, p. 35-127.
    • [2] https://www.eba.europa.eu/sites/default/files/2024-11/f03ee0c1-7258-4391-8bf1-578924956049/EBA%20Risk%20Assessment%20Report%20-%20Autumn%202024.pdf, p. 101-102.
    • [3]  COM/2023/367 final: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52023PC0367

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Spain’s transposition of Directive (EU) 2019/1152 on transparent and predictable working conditions in the European Union – E-000236/2025(ASW)

    Source: European Parliament

    Transposition of directives into national legal orders is essential to ensure that citizens in Member States enjoy the rights conferred upon them by the directives, including workers’ rights.

    In this case, the failure by Spain to transpose Directive (EU) 2019/1152[1] in time means that Spain lacks a set of measures to confer on workers the rights enshrined under this directive.

    These are, among others, the right to be informed in writing on their basic working conditions at the start of their employment relationship and a number of minimum working conditions requirements (such as maximum duration of the probationary period, right to parallel employment or the right to have minimum predictability at work).

    For this reason, in September 2022, the Commission opened an infringement proceeding against Spain[2] for failing to communicate national transposition measures, by addressing a letter of formal notice to the Spanish authorities. In June 2023, the Commission further adopted a reasoned opinion against Spain.

    The Commission is currently in a dialogue with the Spanish authorities concerning the state of transposition of the directive into Spanish legislation. A decision on the next step in the procedure will be taken in due course.

    • [1]  OJ L 186, 11.7.2019, p. 105-121, https://eur-lex.europa.eu/eli/dir/2019/1152/oj/eng
    • [2] https://ec.europa.eu/atwork/applying-eu-law/infringements-proceedings/infringement_decisions/?lang_code=en&langCode=EN&version=v1&typeOfSearch=byCase&refId=INFR(2022)0354&page=1&size=10&order=desc&sortColumns=refId&activeCase=true
    Last updated: 24 March 2025

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Arab Republic of Egypt – A10-0037/2025

    Source: European Parliament

    DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

    on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Arab Republic of Egypt

    (COM(2024)0461 – C10‑0009/2024 – 2024/0071(COD))

    (Ordinary legislative procedure: first reading)

    The European Parliament,

     having regard to the Commission proposal to Parliament and the Council (COM(2024)0461),

     having regard to Article 294(2) and Article 212 of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C10‑0009/2024),

     having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

     having regard to the budgetary assessment by the Committee on Budgets,

     having regard to Rule 60 of its Rules of Procedure,

     having regard to the opinion of the Committee on Foreign Affairs,

     having regard to the report of the Committee on International Trade (A10-0037/2025),

    1. Adopts its position at first reading hereinafter set out;

    2. Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

    3. Instructs its President to forward its position to the Council, the Commission and the national parliaments.

     

     

    Amendment  1

    Proposal for a decision

    Recital 1 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (1a) This Decision has implications for the Union budget. Accordingly, the European Parliament’s Committee on Budgets adopted a budgetary assessment, which forms an integral part of Parliament’s mandate for negotiations.

    Amendment  2

    Proposal for a decision

    Recital 2 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (2a) On 17 March 2024, Egypt and the European Union jointly decided to upgrade their relations to a strategic and comprehensive partnership, based on the values of equity and mutual respect and trust in order to strengthen their common stability, peace and prosperity.

    Amendment  3

     

    Proposal for a decision

    Recital 3

     

    Text proposed by the Commission

    Amendment

    (3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development and stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. The improvement of the human rights situation in Egypt will have a positive impact on EU-Egypt relations.

    (3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development, good governance and socio-economic stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. The steady improvement of the human rights situation and women’s rights and fundamental freedoms due to an active, coherent and proactive policy in that area in Egypt will have a positive impact on EU-Egypt relations.

    Amendment  4

    Proposal for a decision

    Recital 3 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (3a) Egypt’s economic and financial situation has been marked by several macroeconomic adjustment programmes implemented under the aegis of the IMF in exchange for credit facilities (USD 12 billion from 2016 to 2019 and USD 3 billion in 2022, rising to USD 8 billion in March 2024);

    Amendment  5

     

    Proposal for a decision

    Recital 5

     

    Text proposed by the Commission

    Amendment

    (5) The EU recognises Egypt’s key role for regional security and stability. Terrorism, organised crime and conflicts are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law.

    (5) The EU recognises Egypt’s key role for regional security and stability. Terrorism, organised crime, such as human trafficking, irregular migration, and conflicts, are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Similarly, energy is also one of the most pressing challenges facing countries on both sides of the Mediterranean. The Energy Cooperation between the Union and Egypt in the Eastern Mediterranean could not only offer a source of economic prosperity for the region but also strengthen energy security for the Union by diversifying energy supplies and encouraging regional collaboration. In that respect, the East Mediterranean Gas Forum serves as a platform of positive regional cooperation. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including the International Law of the Sea, human rights and international humanitarian law.

    Amendment  6

     

    Proposal for a decision

    Recital 6

     

    Text proposed by the Commission

    Amendment

    (6) Recalling the geo-political challenges, such as the consequences of Hamas terrorist attacks across Israel on 7 October 2023 as well as the conflict in Sudan, and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

    (6) Recalling the global and regional geo-political challenges, such as the humanitarian crisis in Gaza, resulting from the aftermath of the Hamas terrorist attacks across Israel on 7 October 2023, the escalating tensions in the Horn of Africa and the safety of navigation in the Red Sea and the Suez Canal, as well as migratory pressure from the conflict in Sudan, uncertainties in Syria, the instability in Libya, Egypt’s responsibilities as a host to large numbers of refugees and migrants and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union has embarked on a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

    Amendment  7

     

    Proposal for a decision

    Recital 7

     

    Text proposed by the Commission

    Amendment

    (7) The objective of the Strategic and Comprehensive Partnership with Egypt is to elevate the EU-Egypt political relations to a strategic partnership and enable Egypt to fulfil its key role of providing stability in the region. The partnership aims to contribute to support Egypt’s macroeconomic resilience and enable the implementation of ambitious socio-economic reforms in a manner that complements and reinforces the reform process foreseen under the IMF programme for Egypt. As outlined in the Joint Declaration, the partnership will address a wide set of policy measures clustered across six pillars of intervention, namely: political relations; economic stability; investment and trade; migration; security and law enforcement cooperation; demography and human capital.

    (7) The objective of the Strategic and Comprehensive Partnership with Egypt is to elevate the EU-Egypt political relations to a strategic partnership and enable Egypt to fulfil its key role of providing stability in the region, the Middle East and North Africa. The partnership aims to contribute to support Egypt’s macroeconomic resilience and enable the implementation of ambitious socio-economic reforms in a manner that complements and reinforces the reform process foreseen under the IMF programme for Egypt. As outlined in the Joint Declaration, the partnership will address a wide set of policy measures clustered across six pillars of intervention, namely: political relations; economic stability; investment and trade; irregular migration and mobility in respect of human rights; security and law enforcement cooperation; demography and human capital. Such Strategic and Comprehensive Partnership should be developed in line with initiatives at Union and Member State level such as the Global Gateway and the Mattei Plan for Africa.

    Amendment  8

     

    Proposal for a decision

    Recital 8

     

    Text proposed by the Commission

    Amendment

    (8) Underpinning the partnership will be a financial package of EUR 7.4 billion consisting of short- and longer-term support for the necessary macro-fiscal and socio-economic reform agenda, as well as increased amounts available to support investments in Egypt and targeted support for the implementation of the different strategic priorities. Part of the support package is the EU MFA package of up to EUR 5 billion in loans, composed of two MFA operations, one short-term for up to EUR 1 billion and a regular, more medium-term one for up to EUR 4 billion, financial instruments, such as guarantees and blending instruments, aimed at mobilising public and private investments with the objective of generating substantial new investments. This will be complemented by programmes to support specific priorities under the Strategic and Comprehensive Partnership through individual projects and technical assistance implemented under the Neighbourhood, Development and International Cooperation Instrument2 .

    (8) Underpinning the partnership is a financial package of EUR 7.4 billion consisting of short- and longer-term support for the necessary macro-fiscal and socio-economic reform agenda, as well as increased amounts available to support investments in Egypt and targeted support for the implementation of the different strategic priorities, particularly in terms of irregular migration and renewable energy. Part of the support package is the EU MFA package of up to EUR 5 billion in concessional loans, composed of two MFA operations, one short-term for up to EUR 1 billion and a regular, more medium-term one for up to EUR 4 billion, financial instruments, such as guarantees and blending instruments, aimed at mobilising public and private investments that benefit the majority of Egyptians with the objective of generating substantial new investments. This will be complemented by programmes to support specific priorities under the Strategic and Comprehensive Partnership through individual projects and technical assistance implemented under the Neighbourhood, Development and International Cooperation Instrument2.

    __________________

    __________________

    2 Established by Regulation (EU) 2021/947 of the European Parliament and of the Council of 9 June 2021 establishing the Neighbourhood, Development and International Cooperation Instrument – Global Europe, amending and repealing Decision No 466/2014/EU and repealing Regulation (EU) 2017/1601 and Council Regulation (EC, Euratom) No 480/2009 (OJ L 209, 14.6.2021, p. 1)

    2 Established by Regulation (EU) 2021/947 of the European Parliament and of the Council of 9 June 2021 establishing the Neighbourhood, Development and International Cooperation Instrument – Global Europe, amending and repealing Decision No 466/2014/EU and repealing Regulation (EU) 2017/1601 and Council Regulation (EC, Euratom) No 480/2009 (OJ L 209, 14.6.2021, p. 1)

    Amendment  9

     

    Proposal for a decision

    Recital 9

     

    Text proposed by the Commission

    Amendment

    (9) Egypt’s macro-fiscal situation has faced significant challenges and deteriorated substantially over recent months, as external pressures have intensified and public debt has increased further, with substantial downside risks to the economic outlook persisting. The repercussions of Russia’s war on Ukraine and of Hamas terrorist attacks against Israel have led to protracted capital outflows and lower foreign currency receipts, notably due to sharply falling income from tourism and Suez Canal proceeds. This is particularly challenging amid Egypt’s difficult fiscal situation, which is characterised by constant fiscal deficits and high and growing debt to GDP ratios.

    (9) Egypt’s macro-fiscal situation has faced significant challenges and deteriorated substantially over recent months, as external pressures have intensified and public debt has increased further, with substantial downside risks to the economic outlook persisting. The repercussions of Russia’s war on Ukraine and the geopolitical tensions and conflicts in the Middle East have led to protracted capital outflows and lower foreign currency receipts, notably due to sharply falling income from tourism, Suez Canal proceeds and gas production and loss of confidence among foreign investors. This is particularly challenging amid Egypt’s difficult fiscal situation, which is characterised by constant fiscal deficits and high and growing debt to GDP ratios. Despite that difficult external context, in 2024 Egypt was able to implement reforms, such as the unification of exchange rates and making progress in tightening monetary policy, to help preserve macroeconomic stability.

    Amendment  10

    Proposal for a decision

    Recital 12

     

    Text proposed by the Commission

    Amendment

    (12) Egypt re-engaged with the IMF in early 2024 and reached a staff-level agreement on 6 March 2024 on a revamped Extended Fund Facility programme scaled up to USD 8 billion. The new programme is expected to be adopted by IMF Executive Board decision in March 2024 and aims to address the areas of 1) credible exchange rate flexibility, 2) sustainable tightening of monetary policy, 3) fiscal consolidation to preserve debt sustainability, 4) a new framework to rein in infrastructure spending, 5) providing adequate levels of social spending to protect vulnerable groups, and 6) implementation of the State Ownership Policy and reforms to level the playing field. Together with the staff level agreement’s signature, Egypt also enacted a flexibilisation of the exchange rate, and raised the central bank’s key policy rate by a sizeable 600 basis points, in line with the IMF programme’s priorities.

    (12) Egypt re-engaged with the IMF in early 2024 and reached a staff-level agreement on 6 March 2024 on a revamped Extended Fund Facility programme scaled up to USD 8 billion. Negotiations at expert level on the fourth revision of Egypt’s economic reform programme were concluded in December 2024. The new programme aims to address the areas of 1) credible exchange rate flexibility, 2) sustainable tightening of monetary policy, 3) fiscal consolidation to preserve debt sustainability, 4) a new framework to rein in infrastructure spending, 5) providing adequate levels of social spending to protect vulnerable groups from the cost of living and energy price rises, and 6) implementation of the State Ownership Policy and reforms to level the playing field by promoting the development of the private sector in the economy. Together with the staff level agreement’s signature, Egypt also enacted a flexibilisation of the exchange rate, and raised the central bank’s key policy rate by a sizeable 600 basis points, in line with the IMF programme’s priorities.

    Amendment  11

    Proposal for a decision

    Recital 16

     

    Text proposed by the Commission

    Amendment

    (16) Given that there is still a significant residual external financing gap in Egypt’s balance of payments over and above the resources provided by the IMF and other multilateral institutions, the Union macro-financial assistance to be provided to Egypt is, under the current exceptional circumstances, considered to be an appropriate response to Egypt’s request for support to the economic stabilisation, in conjunction with the IMF programme. The Union’s macro-financial assistance package, including the MFA of up to EUR 4 billion under this proposal, would support the economic stabilisation and the structural reform agenda of Egypt, supplementing resources made available under the IMF’s financial arrangement.

    (16) Given that there is still a significant residual external financing gap in Egypt’s balance of payments over and above the resources provided by the IMF and other multilateral institutions and regional partners, the Union macro-financial assistance to be provided to Egypt is, under the current exceptional circumstances, considered to be an appropriate response to Egypt’s request for support to the economic stabilisation, in conjunction with the IMF programme. The Union’s macro-financial assistance package, including the MFA of up to EUR 4 billion under this proposal, would support the economic stabilisation and the structural reform agenda of Egypt, supplementing resources made available under the IMF’s financial arrangement.

    Amendment  12

     

    Proposal for a decision

    Recital 19

     

    Text proposed by the Commission

    Amendment

    (19) The Commission should ensure that the Union’s macro-financial assistance is legally and substantially in line with the key principles, objectives and measures taken within the different areas of external action and with other relevant Union policies.

    (19) The Commission should ensure that the Union’s macro-financial assistance is legally and substantially in line with the key principles, objectives and measures taken within the different areas of external action and with other relevant Union policies, including those relating to democracy, human rights and rule of law, in line with Article 2 of the EU-Egypt Association Agreement.

    Amendment  13

     

    Proposal for a decision

    Recital 22

     

    Text proposed by the Commission

    Amendment

    (22) A pre-condition for granting the Union’s macro-financial assistance to Egypt should be that the country continues to make concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service.

    (22) Macro-financial assistance should remain an economic instrument. However, a pre-condition for granting the Union’s macro-financial assistance to Egypt should be that the country continues to make concrete, credible and tangible steps towards respecting and strengthening effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guaranteeing respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service.

    Amendment  14

    Proposal for a decision

    Recital 23

     

    Text proposed by the Commission

    Amendment

    (23) In order to ensure that the Union’s financial interests linked to the Union’s macro-financial assistance are protected efficiently, Egypt should take appropriate measures relating to the prevention of, and fight against, fraud, corruption and any other irregularities linked to the assistance. In addition, a loan agreement to be concluded between the Commission and the Egyptian authorities should contain provisions authorising European Anti-Fraud Office (OLAF) to carry out investigations, including on-the-spot checks and inspections, in accordance with the provisions and procedures laid down in Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council3 and Council Regulation (Euratom, EC) No 2185/964 , the Commission and the Court of Auditors to carry out audits and the European Public Prosecutor’s Office to exercise its competences with regard to the provision of the Union’s macro-financial assistance during and after its availability period.

    (23) It is essential to underline that Egypt has to meet the necessary economic pre-condition for eligibility. Egypt has demonstrated its solvency and financial stability, which have been verified by the Commission. However, in order to ensure that the Union’s financial interests linked to the Union’s macro-financial assistance are protected efficiently. Egypt should take appropriate measures relating to the prevention of, and fight against, fraud, corruption and any other irregularities linked to the assistance. In addition, a loan agreement to be concluded between the Commission and the Egyptian authorities should contain provisions authorising European Anti-Fraud Office (OLAF) to carry out investigations, including on-the-spot checks and inspections, in accordance with the provisions and procedures laid down in Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council3 and Council Regulation (Euratom, EC) No 2185/964 , the Commission and the Court of Auditors to carry out audits and the European Public Prosecutor’s Office to exercise its competences with regard to the provision of the Union’s macro-financial assistance during and after its availability period.

    __________________

    __________________

    3 Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999 (OJ L 248, 18.9.2013, p. 1).

    3 Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999 (OJ L 248, 18.9.2013, p. 1).

    4 Council Regulation (Euratom, EC) No 2185/96 of 11 November 1996 concerning on-the-spot checks and inspections carried out by the Commission in order to protect the European Communities’ financial interests against fraud and other irregularities (OJ L 292, 15.11.1996, p. 2).

    4 Council Regulation (Euratom, EC) No 2185/96 of 11 November 1996 concerning on-the-spot checks and inspections carried out by the Commission in order to protect the European Communities’ financial interests against fraud and other irregularities (OJ L 292, 15.11.1996, p. 2).

    Amendment  15

     

    Proposal for a decision

    Recital 26

     

    Text proposed by the Commission

    Amendment

    (26) The Union’s macro-financial assistance should be managed by the Commission. In order to ensure that the European Parliament and the Council are able to follow the implementation of this Decision, the Commission should regularly inform them of developments relating to the assistance and provide them with relevant documents.

    (26) The Union’s macro-financial assistance should be managed by the Commission. In order to ensure that the European Parliament and the Council are able to follow the implementation of this Decision, the Commission should regularly inform them with an annual report of developments relating to the assistance and on respect for effective democratic mechanisms, as per the pre-conditions referred to in this Decision, and provide them with relevant documents.

    Amendment  16

     

    Proposal for a decision

    Recital 28

     

    Text proposed by the Commission

    Amendment

    (28) The Union’s macro-financial assistance should be subject to economic policy conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

    (28) The Union’s macro-financial assistance should be subject to sustainable economic policy reforms, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

    Amendment  17

     

    Proposal for a decision

    Article 1 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. The Union shall make macro-financial assistance of a maximum amount of up to EUR 4 billion available to Egypt (“the Union’s macro-financial assistance”), with a view to supporting Egypt’s economic stabilisation and a substantive reform agenda. The release of the Union’s macro-financial assistance is subject to the approval of the Union budget for the relevant year by the European Parliament and the Council. The assistance shall contribute to covering Egypt’s balance of payments needs as identified in the IMF programme.

    1. The Union shall make macro-financial assistance in the form of concessional loans of a maximum amount of up to EUR 4 billion available to Egypt (“the Union’s macro-financial assistance”), with a view to supporting Egypt’s socio-economic stabilisation and a substantive structural reform agenda, as well as its responsibility to mitigate the effects of irregular migration and managing migratory flows. The release of the Union’s macro-financial assistance is subject to the approval of the Union budget for the relevant year by the European Parliament and the Council. The assistance shall contribute to covering Egypt’s balance of payments needs as identified in the IMF programme.

    Amendment  18

    Proposal for a decision

    Article 1 – paragraph 3 a (new)

     

    Text proposed by the Commission

    Amendment

     

    3a. Macro-financial assistance may, as far as possible, contribute to the Union’s growth and economic resilience.

    Amendment  19

     

    Proposal for a decision

    Article 2 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. A pre-condition for granting the Union’s macro-financial assistance shall be that Egypt continues to make concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights.

    1. A pre-condition for granting the Union’s macro-financial assistance shall be that Egypt continues to make concrete and credible steps towards respecting and strengthening effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and continues to make efforts in order to guarantee respect for human rights.

    Amendment  20

     

    Proposal for a decision

    Article 2 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. The Commission services and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life-cycle of the Union’s macro-financial assistance.

    2. The Commission services and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life-cycle of the Union’s macro-financial assistance and report, regularly and in writing, to the European Parliament and the Council on the fulfilment of the economic policy and financial conditions set out in the Memorandum of Understanding.

    Amendment  21

    Proposal for a decision

    Article 3 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Egyptian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, to which the Union’s macro-financial assistance is to be subject, to be laid down in a Memorandum of Understanding (“the Memorandum of Understanding”) which shall include a timeframe for the achievement of those reforms. The economic policy and financial conditions set out in the Memorandum of Understanding shall be consistent with the agreements or understandings referred to in Article 1(3), including the macroeconomic adjustment and structural reform programmes implemented by Egypt with the support of the IMF.

    1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Egyptian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms, such as the new criminal procedure reform, and sound public finances, to which the Union’s macro-financial assistance is to be subject, to be laid down in a Memorandum of Understanding (“the Memorandum of Understanding”) which shall include a timeframe for the achievement of those reforms. The economic policy and financial conditions set out in the Memorandum of Understanding shall be consistent with the agreements or understandings referred to in Article 1(3), including the macroeconomic adjustment and structural reform programmes implemented by Egypt with the support of the IMF.

    Amendment  22

     

    Proposal for a decision

    Article 3 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Egypt, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, the development of rules-based and fair trade, and other priorities in the context of the Union’s external policy shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission.

    2. The economic policy and financial conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Egypt, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, including for SMEs, the development of rules-based and fair trade, sustainable development, good governance and other priorities in the context of the Union’s external policy shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission.

    Amendment  23

    Proposal for a decision

    Article 4 – paragraph 4

     

    Text proposed by the Commission

    Amendment

    4. Where the conditions in paragraph 3 are not met, the Commission shall temporarily suspend or cancel the disbursement of the Union’s macro-financial assistance. In such cases, it shall inform the European Parliament and the Council of the reasons for that suspension or cancellation.

    4. Where the conditions in paragraph 3 are not met, the Commission shall temporarily suspend or cancel the disbursement of the Union’s macro-financial assistance. In such cases, it shall inform the European Parliament and the Council without delay of the reasons for that suspension or cancellation.

    Amendment  24

    Proposal for a decision

    Article 5 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    (1) In order to finance the support under the macro-financial assistance in the form of loans, the Commission shall be empowered, on behalf of the Union, to borrow the necessary funds on the capital markets or from financial institutions in accordance with Article 220a of Regulation (EU, Euratom) 2018/1046.

    1. In order to finance the support under the macro-financial assistance in the form of loans, the Commission shall be empowered, on behalf of the Union, to borrow the necessary funds on the capital markets or from financial institutions in accordance with Article 223 of Regulation (EU, Euratom) 2024/2509.

     

    Amendment  25

    Proposal for a decision

    Article 5 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    (2) The Commission shall enter into a loan agreement with Egypt in respect of the amount referred to in Article 1. The detailed terms of the support under the MFA in the form of loans shall be laid down in a loan agreement in accordance with Article 220 of the Financial Regulation, to be concluded between the Commission and the Egyptian authorities. The loan agreement shall lay down the availability period and the detailed terms of the support under the macro-financial assistance in the form of loans, including in relation to the internal control systems. The loans shall be granted at terms that allow Egypt to repay the loan over a long period, including a possible grace period. The maximum duration of the loans shall be 35 years. The Commission shall inform the European Parliament and the Council of developments in the operations referred to in paragraph 3.

    2. The Commission shall enter into a loan agreement with Egypt in respect of the amount referred to in Article 1. The detailed terms of the support under the MFA in the form of loans shall be laid down in a loan agreement in accordance with Article 223 of the Financial Regulation, to be concluded between the Commission and the Egyptian authorities. The loan agreement shall lay down the availability period and the detailed terms of the support under the macro-financial assistance in the form of loans, including in relation to the internal control systems. Egypt shall reimburse the loan, which shall be granted at terms that allow its repayment over a long period, including, after a formal notification to the European Parliament and the Council, a possible grace period. The maximum duration of the loans shall be 35 years. The Commission shall inform the European Parliament and the Council of developments in the operations referred to in paragraph 3.

    Amendment  26

    Proposal for a decision

    Article 6 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. The Union’s macro-financial assistance shall be implemented in accordance with Regulation (EU, Euratom) No 2018/1046 of the European Parliament and of the Council7.

    1. The Union’s macro-financial assistance shall be implemented in accordance with Regulation (EU, Euratom) No 2024/2509 of the European Parliament and of the Council7.

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    _________________

    7 Regulation (EU, Euratom) No 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union and repealing Regulation (EC, Euratom) No 966/2012 (OJ L 193, 30.07.2018, p. 1).

    7 Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union (OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj).

    Amendment  27

    Proposal for a decision

    Article 8 – paragraph 1 – point b

     

    Text proposed by the Commission

    Amendment

    (b) assess the economic situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Article 3(1);

    (b) assess the economic situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Article 2 and Article 3(1);

    Amendment  28

    Proposal for a decision

    Article 8 – paragraph 1 – point c

     

    Text proposed by the Commission

    Amendment

    (c) indicate the connection between the economic policy reform measures laid down in the Memorandum of Understanding, Egypt’s on-going economic and fiscal performance and the Commission’s decisions to release the instalments of the Union’s macro-financial assistance.

    (c) indicate the connection between Egypt’s economic policy reforms under the Memorandum of Understanding, its fiscal performance, and the release of Union macro-financial assistance, while outlining steps taken towards democratic mechanisms, the rule of law and human rights.

     

     

    EXPLANATORY STATEMENT

    Political dialogue between Egypt and the EU was suspended after the revolution in 2011, and remained frozen through 2015. However, following Sisi’s election as president in May 2014, a rapprochement between Europe and Egypt gradually began to take place. The stability of the country became defining characteristics of European policy towards the Egypt. In 2024 the European Union (‘EU’) and Egypt have agreed to deepen their relationship and develop a strategic and comprehensive partnership for shared prosperity, stability and security, based on joint interest and mutual trust and building on the already existing positive agenda in EU-Egypt relations. The Strategic and Comprehensive Partnership covers specific areas of cooperation outlined in the Joint Declaration, clustered across six pillars of intervention, namely: political relations; economic stability; investment and trade; migration; security and law enforcement cooperation; demography and human capital.

    The partnership is based on a financial package consisting of short- and longer-term support for the necessary macro-fiscal and socio-economic reform agenda, as well as increased amounts available to support investments in Egypt and targeted support for the implementation of the different strategic priorities.

    Given Egypt’s critical economic and financial situation and Egypt’s role as an important stabilising factor amid geopolitical tensions in an increasingly volatile region, the Commission proposed on 15 March 2024 to support Egypt with macro-financial assistance (‘MFA’) of up to EUR 5 billion in loans as part of the EUR 7.4 billion financial package, divided into a short-term MFA operation of up to EUR 1 billion to be disbursed in one instalment, and a regular MFA operation of up to EUR 4 billion to be disbursed in three instalments.

    The short-term MFA was agreed without involvement of the European Parliament for urgency reasons. The rapporteur highlights that this can only be an exception and European Parliament should not be bypassed in the future.

    The amount of the proposed two new MFA operations corresponds to 56.7% of the estimated residual financing gap for the period FY24/25-FY26/27. This is consistent with standard practices on burden-sharing for MFA operations (for a country with an Association Agreement, the upper limit would be 60% according to the Council conclusions of 8 October 2002), taking into account the assistance pledged to Egypt by other bilateral and multilateral donors.

    The rapporteur would like to point out that the EU’s cooperation with Egypt does not begin with this MFA which is just a piece of the puzzle and in fact consequence of a longstanding cooperation with Egypt on human rights and security highlighted by the Association Agreement/Euro-Mediterranean Agreement (2004), the EU’s new Agenda for the Mediterranean (2021), the Partnership Priorities (2022) and the Joint Declaration launching a new Strategic and Comprehensive partnership (2024). Moreover, Egypt is a strategic, economic, military and geopolitical partner of the EU and the EU is the leading investor in Egypt.

    Given the instability in the region, Egypt remains a stable partner that engages in constructive dialogue with its partners. The EU need allies like that in the Middle East, and we need to emphasise their importance.

    But Egypt is also hit by a series of external shocks.

    A migratory shock first and foremost, with almost 10 million migrants and 800 000 registered refugees. Egypt is also committed to providing access to education for children, access to health services, help in finding housing and help in finding employment, with the support of NGOs. These commitments, if they are to be carried out properly, come at a cost.

    A geopolitical shock with the uncertainty of developments in Israel / Palestine and Syria.

    An economic shock, because Egypt, like many other countries, is seeing the cost of debt repayment and civil service salaries rise, thus limiting investment capacity.

    This MFA is based on strict pre-conditions requiring Egypt to continue to make concrete and credible steps towards democratic mechanism, rule of law and human rights. The rapporteur believes that those pre-conditions embedded in the long-term cooperation with Egypt will lead to reforms and long-term improvements in the country.

    Moreover, it is important to underline that Egypt already made big improvements in several areas.

    Firstly, on human rights, with a major plan launched in 2021 underlining the country’s commitment to this path. Some may feel that things are not moving fast enough, but it is hard to deny that the country is on the right track.

    Then there is the question of the place of women in society, which is very often a thermometer of democracy in a country. Wearing the veil is not compulsory. Women have access to public jobs and elected office (27% of women elected to the House, 13% to the Senate). Although Egyptian society is seen as patriarchal, the position of women has changed considerably in recent years.

    This is a financial instrument designed to support our partner in the face of the challenges it faces, but also to help it pursue change. The European Parliament will be closely monitoring progress and the rapporteur is asking the Commission to keep the European Parliament duly informed at all stages of the process. After all, the MFA is a loan and the grants are subject to reimbursement.

    To conclude the rapporteur would like to highlight that the MFA is an emergency instrument that has to be granted as soon as possible. The rapporteur is convinced that the MFA will be an effective incentive for – political and financial reforms in the country that will ensure a sustainable partnership between the EU and Egypt.

     

     

    ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur declares that she received input from the following entities or persons in the preparation of the report, prior to the adoption thereof in committee:

    Entity and/or person

    European Commission – DG ECFIN

    European Commission – DG NEAR

    EEAS

    Embassy of Egypt

    Members of the Egyptian Parliament

    Amnesty International

    Human Rights Watch

    The list above is drawn up under the exclusive responsibility of the rapporteur.

    Where natural persons are identified in the list by their name, by their function or by both, the rapporteur declares that she has submitted to the concerned natural persons the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.

     

     

    MINORITY POSITION

    Pursuant to Rule 56(4) of the Rules of Procedure

    Vicent Marzà Ibáñez (Greens/EFA)

    On behalf of the Greens/EFA group, I would like to express our opposition to the fact that the European Commission has treated Egypt differently from other countries that receive Macro-Financial Assistance (MFA) from the EU.

    Following an agreement between the Council and Parliament, all MFAs should, as a pre-condition, respect human rights, democracy, and the rule of law. However, the Commission chose not to adhere to this policy when EC President Ursula von der Leyen announced a package of €7.4 billion in support for Egypt in March 2024, including €5 billion in Macro-Financial Assistance in the form of loans.

    We support providing Egypt with macro-financial assistance as a means to improve the living conditions of the Egyptian people, to reduce poverty and inequalities as well as to promote human rights. Our group has previously supported providing macro-financial assistance to alleviate financial burdens for countries in difficulty, while also promoting democratic values and human rights worldwide. However, the Commission must respect the agreements made by Parliament and the Council and act in line with the principles enshrined in the EU Treaties regarding external action.

     

     

    BUDGETARY ASSESSMENT OF THE COMMITTEE ON BUDGETS (29.1.2025)

    for the Committee on International Trade

    on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Arab Republic of Egypt

    (COM(2024)0461 – C10‑0009/2024 – 2024/0071(COD))

    Rapporteur for budgetary assessment: Matjaž Nemec

     

    The Committee on Budgets has carried out a budgetary assessment of the proposal under Rule 58 of the Rules of Procedure and has reached the following conclusions:

     having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union[1] (Financial Regulation),

     having regard to Council Regulation (EU, Euratom) 2020/2093 of 17 December 2020 laying down the multiannual financial framework for the years 2021 to 2027[2],

     having regard to the Interinstitutional Agreement of 16 December 2020 between the European Parliament, the Council of the European Union and the European Commission (IIA) on budgetary discipline, on cooperation in budgetary matters and on sound financial management, as well as on new own resources, including a roadmap towards the introduction of new own resources[3],

    A. whereas Egypt continues to face sizeable and unmet financing needs, with an external financing gap estimated by the International Monetary Fund (IMF) programme at around USD 17.7 billion for 2024-2027, requiring substantial international support to maintain economic stability and implement crucial reforms;

    B. whereas recently, Egypt’s macro-fiscal situation has deteriorated noticeably, with intensified external pressures and increased debt, reflecting both domestic challenges and external shocks, including the repercussions of Russia’s war against Ukraine and regional instability;

    C. whereas the destructive and ongoing conflict in Gaza and the attacks in the Red Sea have severely impacted Egypt’s key sources of foreign currency earnings, particularly tourism revenues and Suez Canal proceeds, while persistent capital outflows and lower services exports have further strained the country’s external position; whereas Egypt’s socio-economic situation, including poverty rates and the Human Development Index, are also expected to be negatively impacted[4];

    D. whereas the severe deterioration of external accounts and the strategic importance of regional stability conditionally justify this comprehensive support package, while stressing the need for the EU to work towards a lasting long-term peace solution in the Middle East, which will help alleviate the reasons behind Egypt’s financial struggles;

    E. whereas Egypt’s public debt burden had increased substantially to 95.9 % of GDP at the end of the 2022/2023 fiscal year, up from 88.5 % the previous fiscal year, reaching its highest level since 2017 and raising concerns about long-term debt sustainability;

    F. whereas Egypt’s real GDP growth declined to 2.4 % in the 2023/2024 fiscal year due to inflation and external pressures, with food price inflation remaining a strain, especially on vulnerable households;

    G. whereas all major rating agencies have downgraded Egypt’s sovereign credit ratings to below-investment grade following the outbreak of the conflict in Gaza, reflecting increased regional risks and deteriorating humanitarian and economic conditions; whereas this has further complicated the country’s access to international financial markets;

    H. whereas the proposed macro-financial assistance (MFA) of up to EUR 4 billion would help Egypt address its external financing needs while supporting the implementation of structural reforms aimed at improving the macroeconomic situation, strengthening economic governance and transparency, and enhancing conditions for sustainable and inclusive growth;

    I. whereas on 12 April 2024, the Council adopted Decision (EU) 2024/1144 providing EUR 1 billion in short-term macro-financial assistance to the Arab Republic of Egypt[5], pursuant to the urgency procedure provided under Article 213 of the Treaty on the Functioning of the European Union (TFEU), bypassing Parliament entirely; whereas the Commission adopted a decision on 20 December 2024 to release this single instalment to Egypt;

    J. whereas the IMF has confirmed Egypt’s implementation of key reforms that have contributed to preserving macroeconomic stability despite the challenging environment;

    K. whereas the short-term macro-financial assistance was subject to conditions set out in the Memorandum of Understanding (MoU) agreed on and signed by the Commission and the Egyptian authorities on 29 June 2024, including the implementation of economic reforms, concrete and credible steps towards respecting democratic principles, and an on-track IMF programme; whereas the Commission and the European External Action Service undertook a review mission to Cairo in October 2024 and subsequently evaluated the Egyptian authorities’ written compliance reporting, with an overall positive assessment of Egypt’s progress in fulfilling these conditions;

    L. whereas Parliament, as one arm of the EU’s budgetary authority, was not involved in the negotiation and drafting of the MoU, which sets out the structural reform measures associated with the proposed MFA operation, including aspects of timing and sequencing for the disbursement of the initial assistance of EUR 1 billion;

    M. whereas the MoU to be concluded with the Egyptian authorities for the remainder of the MFA is an essential part of the assistance itself; whereas Parliament’s lack of involvement in this process severely hinders its budgetary scrutiny; whereas it is necessary to find an appropriate way to involve Parliament when such memorandums with non-EU countries are negotiated by the Commission;

    N. whereas the MoU should crucially provide the Commission with a mechanism to monitor progress as regards the implementation of structural reforms, notably the specific conditions for disbursement of the assistance;

    1. Recalls that while MFA is meant to be an exceptional crisis response instrument and should not serve as a substitute for structural development aid, its increasing use to address structural economic challenges in partner countries risks diluting its emergency nature;

    2. Highlights the importance of MFA in urgently addressing the situation in Egypt, taking into account Egypt’s critical economic and financial situation and its role as an important stabilising actor in an increasingly volatile region;

    3. Regrets the fact that the first proposal of this package bypassed the co-decision rights of Parliament and undermined its democratic oversight role by using Article 213 TFEU instead of Article 212 TFEU; insists that this should not set a precedent and that Parliament’s rights and role should be respected in future proposals; emphasises that MFA is an instrument requiring proper parliamentary and budgetary scrutiny;

    4. Notes that the Commission proposal of EUR 4 billion in MFA requires EUR 360 million in provisioning under the External Action Guarantee from the Neighbourhood, Development and International Cooperation Instrument – Global Europe, which represents a significant allocation of limited resources;

    5. Recalls its previous concerns about the effectiveness of MFA in driving sustainable reforms; acknowledges, however, that linking this assistance to the broader strategic partnership framework can, when properly implemented, provide stronger leverage for implementing the agreed reform agenda; recalls that the partnership priorities cover three broad areas, namely sustainable modern economy and social development, partnering in foreign policy, and enhancing stability;

    6. Takes note of Egypt’s overall compliance with reform implementation under the previous MFA; reiterates its calls for transparent and timely reporting of assistance implementation; calls for adequate monitoring mechanisms with clear benchmarks and outcomes to be established in the MoU, and for regular reporting to the budgetary authority on developments related to the assistance, given the unprecedented size of this MFA package;

    7. Notes that while the MFA loan structure spreads repayments over a longer period, this creates extended contingent liabilities for the EU budget that require careful monitoring over multiple financial frameworks;

    8. Emphasises that the MFA constitutes a general budgetary support instrument for the benefit of Egypt and that the EU has no control over how the funds are actually spent; nevertheless encourages the Egyptian authorities and counterparties to disclose information on spending at the Commission’s request;

    9. Recalls that Article 6 of the Financial Regulation establishes the obligation for the Commission to ensure compliance with the Charter of Fundamental Rights of the EU and to respect the values enshrined in Article 2 of the Treaty on European Union when implementing the EU budget; stresses that such a budgetary principle constitutes a core legal requirement for any form of EU financial assistance; underscores, therefore, the fact that the proposal lacks sufficient safeguards and clear benchmarks to measure progress towards compliance, particularly regarding respect for human dignity, freedom, democracy, equality, the rule of law and human rights, including the rights of persons belonging to minorities and freedom of belief, in order to protect the EU’s financial interests and ensure the MFA’s implementation in accordance with the Regulation;

    10. Recalls that a pre-condition for granting MFA involves respecting effective democratic mechanisms, including a multiparty parliamentary system and the rule of law, and guaranteeing respect for human rights; highlights that, in this case, Egypt should continue to make concrete and credible steps towards respecting these criteria; emphasises the need to ensure their robust implementation;

    11. Emphasises that strict adherence to democratic principles, the rule of law and fundamental freedoms should remain non-negotiable prerequisites for accessing EU financial support; calls on the Commission to withhold disbursements in the absence of credible progress on these fronts; notes that the Commission’s decision to disburse the short-term macro-financial assistance reflects Egypt’s progress in implementing reforms and the EU’s commitment to supporting Egypt’s economic stabilisation and reform agenda under the strategic and comprehensive partnership, while noting that human rights challenges in Egypt remain significant; stresses, in this respect, the importance of Egypt’s stability and its crucial role in the region, particularly in the current geopolitical context;

    12. Regrets Parliament’s lack of involvement in and scrutiny of the MoU concluded between the Commission and the Egyptian authorities, which, among other things, includes important budgetary provisions that fall within the remit of Parliament, will determine clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, and will include a time frame for achieving those reforms, which are linked to loan disbursement;

    13. Concludes that the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Arab Republic of Egypt is compatible with the elements referred to in Rule 58(3) of the Rules of Procedure.

     

    As part of its budgetary assessment, the Committee on Budgets also submits the following amendments to the proposal:

     

    Amendment  1

    Proposal for a decision

    Recital 1 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (1a) This Decision has implications for the Union budget. Accordingly, the European Parliament’s Committee on Budgets adopted a budgetary assessment, which forms an integral part of Parliament’s mandate for negotiations.

     

    Amendment  38

    Proposal for a decision

    Article 5 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    (1) In order to finance the support under the macro-financial assistance in the form of loans, the Commission shall be empowered, on behalf of the Union, to borrow the necessary funds on the capital markets or from financial institutions in accordance with Article 220a of Regulation (EU, Euratom) 2018/1046.

    (1) In order to finance the support under the macro-financial assistance in the form of loans, the Commission shall be empowered, on behalf of the Union, to borrow the necessary funds on the capital markets or from financial institutions in accordance with Article 223 of Regulation (EU, Euratom) 2024/2509.

     

    Amendment  39

    Proposal for a decision

    Article 5 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    (2) The Commission shall enter into a loan agreement with Egypt in respect of the amount referred to in Article 1. The detailed terms of the support under the MFA in the form of loans shall be laid down in a loan agreement in accordance with Article 220 of the Financial Regulation, to be concluded between the Commission and the Egyptian authorities. The loan agreement shall lay down the availability period and the detailed terms of the support under the macro-financial assistance in the form of loans, including in relation to the internal control systems. The loans shall be granted at terms that allow Egypt to repay the loan over a long period, including a possible grace period. The maximum duration of the loans shall be 35 years. The Commission shall inform the European Parliament and the Council of developments in the operations referred to in paragraph 3.

    (2) The Commission shall enter into a loan agreement with Egypt in respect of the amount referred to in Article 1. The detailed terms of the support under the MFA in the form of loans shall be laid down in a loan agreement in accordance with Article 223 of the Financial Regulation, to be concluded between the Commission and the Egyptian authorities. The loan agreement shall lay down the availability period and the detailed terms of the support under the macro-financial assistance in the form of loans, including in relation to the internal control systems. The loans shall be granted at terms that allow Egypt to repay the loan over a long period, including a possible grace period. The maximum duration of the loans shall be 35 years. The Commission shall inform the European Parliament and the Council of developments in the operations referred to in paragraph 3.

     

    Amendment  40

    Proposal for a decision

    Article 6 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    (1) The Union’s macro-financial assistance shall be implemented in accordance with Regulation (EU, Euratom) No 2018/1046 of the European Parliament and of the Council7.

    (1) The Union’s macro-financial assistance shall be implemented in accordance with Regulation (EU, Euratom) No 2024/2509 of the European Parliament and of the Council7.

    _________________

    _________________

    7 Regulation (EU, Euratom) No 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union and repealing Regulation (EC, Euratom) No 966/2012 (OJ L 193, 30.07.2018, p. 1).

    7 Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union (recast) (OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj).

    Amendment  41

    Proposal for a decision

    Article 8 – paragraph 1 – point b

     

    Text proposed by the Commission

    Amendment

    (b) assess the economic situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Article 3(1);

    (b) assess the economic situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Articles 2 and 3(1);

    ANNEX: ENTITIES OR PERSONS
    FROM WHOM THE RAPPORTEUR FOR BUDGETARY ASSESSMENT HAS RECEIVED INPUT

    Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur for budgetary assessment declares that he received input from the following entities or persons in the preparation of the budgetary assessment, prior to the adoption thereof in committee:

    Entity and/or person

    European Commission

    Ambassador of Egypt to the EU

    Head of delegation of the European Union to Egypt

    The Minister of Foreign Affairs of the Arab Republic of Egypt

    The list is drawn up under the exclusive responsibility of the rapporteur for budgetary assessment.

    Where natural persons are identified in the list by their name, by their function or by both, the rapporteur for budgetary assessment declares that he has submitted to the natural persons concerned the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.

     

    PROCEDURE – COMMITTEE ASKED FOR BUDGETARY ASSESSMENT

    Title

    Macro-financial assistance to the Arab Republic of Egypt

    References

    COM(2024)0461 – C10-0009/2024 – 2024/0071(COD)

    Committee(s) responsible

    INTA

     

     

     

     Date announced in plenary

    BUDG

    13.11.2024

    Rapporteur for budgetary assessment

     Date appointed

    Matjaž Nemec

    24.10.2024

    Discussed in committee

    16.1.2025

     

     

     

    Date adopted

    29.1.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    32

    5

    1

    Members present for the final vote

    Georgios Aftias, Rasmus Andresen, Isabel Benjumea Benjumea, Tobiasz Bocheński, Olivier Chastel, Tamás Deutsch, Angéline Furet, Jens Geier, Thomas Geisel, Jean-Marc Germain, Sandra Gómez López, Monika Hohlmeier, Alexander Jungbluth, Janusz Lewandowski, Giuseppe Lupo, Siegfried Mureşan, Matjaž Nemec, Danuše Nerudová, João Oliveira, Ruggero Razza, Karlo Ressler, Julien Sanchez, Hélder Sousa Silva, Joachim Streit, Carla Tavares, Nils Ušakovs, Lucia Yar, Auke Zijlstra

    Substitutes present for the final vote

    Damian Boeselager, Michalis Hadjipantela, Moritz Körner, Tiago Moreira de Sá, Rasmus Nordqvist, Michele Picaro, Jacek Protas, Beata Szydło

    Members under Rule 216(7) present for the final vote

    Thierry Mariani, Aodhán Ó Ríordáin

     

    FINAL VOTE BY ROLL CALL
    IN COMMITTEE ASKED FOR BUDGETARY ASSESSMENT

    32

    +

    ECR

    Tobiasz Bocheński, Michele Picaro, Ruggero Razza, Beata Szydło

    NI

    Thomas Geisel

    PPE

    Georgios Aftias, Isabel Benjumea Benjumea, Michalis Hadjipantela, Monika Hohlmeier, Janusz Lewandowski, Siegfried Mureşan, Danuše Nerudová, Jacek Protas, Karlo Ressler, Hélder Sousa Silva

    PfE

    Tamás Deutsch, Angéline Furet, Thierry Mariani, Tiago Moreira de Sá, Julien Sanchez

    Renew

    Olivier Chastel, Moritz Körner, Joachim Streit, Lucia Yar

    S&D

    Jens Geier, Jean-Marc Germain, Sandra Gómez López, Giuseppe Lupo, Matjaž Nemec, Aodhán Ó Ríordáin, Carla Tavares, Nils Ušakovs

     

    5

    PfE

    Auke Zijlstra

    The Left

    João Oliveira

    Verts/ALE

    Rasmus Andresen, Damian Boeselager, Rasmus Nordqvist

     

    1

    0

    ESN

    Alexander Jungbluth

     

    Key to symbols:

    + : in favour

     : against

    0 : abstention

     

     

     

     

    OPINION OF THE COMMITTEE ON FOREIGN AFFAIRS (30.1.2025)

    for the Committee on International Trade

    on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Arab Republic of Egypt

    (COM(2024)0461 – C10‑0009/2024 – 2024/0071(COD))

    Rapporteur for opinion: Tineke Strik

     

    SHORT JUSTIFICATION

    As enshrined in the Treaties, the EU is required to uphold and promote the principles of human rights, democracy and the rule of law in its external action. While acknowledging the importance of the EU-Egypt strategic partnership and the need for MFA-support to Egypt in light of the economic impact of, among others, the current geopolitical situation, this opinion aims to integrate human rights, democracy and the rule of law as core parts of the MFA and to strengthen provisions related to parliamentary scrutiny and transparency. The Rapporteur is pleased that the Foreign Affairs Committee (AFET) confirmed that these founding principles of the EU should form the basis of EU-Egypt relations, and concrete improvement from Egypt in this regard is a precondition for the disbursement of the MFA. Moreover, the vote confirmed that the AFET Committee is convinced that Commission services and the European External Action Service have the responsibility to integrate this approach into the Memorandum of Understanding to be negotiated with Egypt, and report on progress on the specific conditions to the European Parliament and Council. Payment of each instalment should be subject to concrete improvements on human rights, democracy and the rule of law. The Rapporteur has full trust that the competences of the AFET Committee will be integrated into the report of the Committee on International Trade, and will engage with the respective Rapporteur to that end.

    AMENDMENTS

    The Committee on Foreign Affairs submits the following to the Committee on International Trade, as the committee responsible:

    Amendment  1

     

    Proposal for a decision

    Recital 3

     

    Text proposed by the Commission

    Amendment

    (3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development and stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. The improvement of the human rights situation in Egypt will have a positive impact on EU-Egypt relations.

    (3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable social and economic development and stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. A future improvement of the human rights situation in Egypt, such as improving the rights to freedom of expression, association and peaceful assembly, introducing a moratorium on death penalty, combating torture and enforced disappearances, and improving the conditions of prisons, will have a positive impact on EU-Egypt relations.

    Amendment  2

     

    Proposal for a decision

    Recital 5

     

    Text proposed by the Commission

    Amendment

    (5) The EU recognises Egypt’s key role for regional security and stability. Terrorism, organised crime and conflicts are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law.

    (5) The EU recognises Egypt’s key role for regional security and stability, and has a strong interest in preventing short-term economic instability in that country that could have broader consequences as well as benefit geopolitical rivals. Terrorism, organised crime, disinformation, conflicts and persecution of religious and ethnic minorities are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law, as well as in promoting joint interests and addressing common challenges.

    Amendment  3

     

    Proposal for a decision

    Recital 6

     

    Text proposed by the Commission

    Amendment

    (6) Recalling the geo-political challenges, such as the consequences of Hamas terrorist attacks across Israel on 7 October 2023 as well as the conflict in Sudan, and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

    (6) Recalling the geo-political challenges, such as the broader consequences of the situation in the Middle East following the Hamas terrorist attacks of 7 October 2023, as well as the armed conflict in Sudan and instability in Syria, and the strategic importance of Egypt as the largest country in the region and a pillar of stability and security for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

    Amendment  4

     

    Proposal for a decision

    Recital 9

     

    Text proposed by the Commission

    Amendment

    (9) Egypt’s macro-fiscal situation has faced significant challenges and deteriorated substantially over recent months, as external pressures have intensified and public debt has increased further, with substantial downside risks to the economic outlook persisting. The repercussions of Russia’s war on Ukraine and of Hamas terrorist attacks against Israel have led to protracted capital outflows and lower foreign currency receipts, notably due to sharply falling income from tourism and Suez Canal proceeds. This is particularly challenging amid Egypt’s difficult fiscal situation, which is characterised by constant fiscal deficits and high and growing debt to GDP ratios.

    (9) Egypt’s macro-fiscal situation has faced significant challenges and deteriorated substantially over recent months, as external pressures have intensified and public debt has increased further, with substantial downside risks to the economic outlook persisting. The repercussions of Russia’s war on Ukraine and of the situation in the Middle East have led to protracted capital outflows and lower foreign currency receipts, notably due to sharply falling income from tourism and Suez Canal proceeds. This is particularly challenging amid Egypt’s difficult fiscal situation, which is characterised by constant fiscal deficits and high and growing debt to GDP ratios. Moreover, instability and uncertainty in Syria would further exacerbate the already existing macro-financial issues for Egypt.

    Amendment  5

     

    Proposal for a decision

    Recital 19

     

    Text proposed by the Commission

    Amendment

    (19) The Commission should ensure that the Union’s macro-financial assistance is legally and substantially in line with the key principles, objectives and measures taken within the different areas of external action and with other relevant Union policies.

    (19) As enshrined in Article 212 TFEU, the Commission should ensure that the Union’s macro-financial assistance is legally and substantially in line with the key principles, objectives and measures taken within the different areas of external action, and in particular with Article 2 of the EU-Egypt Association Agreement of 2004 concerning the respect of democratic principles and fundamental human rights and with other relevant Union policies.

    Amendment  6

     

    Proposal for a decision

    Recital 22

     

    Text proposed by the Commission

    Amendment

    (22) A pre-condition for granting the Union’s macro-financial assistance to Egypt should be that the country continues to make concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service.

    (22) A pre-condition for granting the Union’s macro-financial assistance to Egypt should be that the country takes concrete and credible steps towards respecting and enhancing effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights, In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service.

    Amendment  7

     

    Proposal for a decision

    Recital 26

     

    Text proposed by the Commission

    Amendment

    (26) The Union’s macro-financial assistance should be managed by the Commission. In order to ensure that the European Parliament and the Council are able to follow the implementation of this Decision, the Commission should regularly inform them of developments relating to the assistance and provide them with relevant documents.

    (26) The Union’s macro-financial assistance should be managed by the Commission. In order to ensure that the European Parliament and the Council are able to follow the implementation of this Decision, the Commission should regularly inform them with an annual report of developments relating to the assistance and on the respect of effective democratic mechanisms, as per the pre-conditions referred to in this Decision and, provide them with relevant documents.

    Amendment  8

     

    Proposal for a decision

    Recital 28

     

    Text proposed by the Commission

    Amendment

    (28) The Union’s macro-financial assistance should be subject to economic policy conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

    (28) The Union’s macro-financial assistance should be subject to economic policy and democracy, rule of law and human rights conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

    Amendment  9

     

    Proposal for a decision

    Article 1 – paragraph 3 – subparagraph 1

     

    Text proposed by the Commission

    Amendment

    The release of the Union’s macro-financial assistance shall be managed by the Commission in a manner consistent with the agreements or understandings reached between the IMF and Egypt, and with the key principles and objectives of economic reforms set out in the EU-Egypt Association Agreement.

    The release of the Union’s macro-financial assistance shall be managed by the Commission in a manner consistent with the agreements or understandings reached between the IMF and Egypt, and with the key principles and objectives set out in the EU-Egypt Association Agreement.

    Amendment  10

     

    Proposal for a decision

    Article 1 – paragraph 3 – subparagraph 2

     

    Text proposed by the Commission

    Amendment

    The Commission shall regularly inform the European Parliament and the Council of developments regarding the Union’s macro-financial assistance, including disbursements thereof, and shall provide those institutions with the relevant documents in due time.

    The Commission shall regularly inform the European Parliament and the Council of developments regarding the Union’s macro-financial assistance, including disbursements thereof, as well as on the progress made relating to economic and democratic reforms in Egypt, and shall provide those institutions with the relevant documents, including third-party independent assessments, in due time.

    Amendment  11

     

    Proposal for a decision

    Article 1 – paragraph 3 – subparagraph 2 a (new)

     

    Text proposed by the Commission

    Amendment

     

    The transparent management of funds allocated under this macro-financial assistance is essential in order to ensure that resources are used wisely, in accordance with the set objectives. The Union shall ensure that effective and independent control and audit mechanisms are put in place to prevent any misappropriation.

    Amendment  12

     

    Proposal for a decision

    Article 2 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. A pre-condition for granting the Union’s macro-financial assistance shall be that Egypt continues to make concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights.

    1. A pre-condition for granting the Union’s macro-financial assistance shall be that Egypt takes concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and made a quantitative and substantial improvement in the respect for human rights, since the signing in June 2024 of the Memorandum of Understanding linked to the EUR 1 billion macro-financial assistance package, and that it continues to make concrete and credible improvements in those areas throughout the period covered by this Decision.

    Amendment  13

     

    Proposal for a decision

    Article 2 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. The Commission services and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life-cycle of the Union’s macro-financial assistance.

    2. The Commission services and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life-cycle of the Union’s macro-financial assistance in a transparent process in which civil society and international entities such as UN organisations are able to contribute, and report, regularly and in writing, to the European Parliament on the conditions referred to in Article 2 (1).

    Amendment  14

     

    Proposal for a decision

    Article 3 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Egyptian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, to which the Union’s macro-financial assistance is to be subject, to be laid down in a Memorandum of Understanding (“the Memorandum of Understanding”) which shall include a timeframe for the achievement of those reforms. The economic policy and financial conditions set out in the Memorandum of Understanding shall be consistent with the agreements or understandings referred to in Article 1(3), including the macroeconomic adjustment and structural reform programmes implemented by Egypt with the support of the IMF.

    1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Egyptian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, as well as on democracy, rule of law and human rights conditions, to which the Union’s macro-financial assistance and the release of each separate instalment is to be subject, to be laid down in a Memorandum of Understanding (“the Memorandum of Understanding”) which shall include a timeframe for the achievement of those reforms. The economic policy and financial conditions set out in the Memorandum of Understanding shall be consistent with the agreements or understandings referred to in Article 1(3), including the macroeconomic adjustment and structural reform programmes implemented by Egypt with the support of the IMF.

    Amendment  15

     

    Proposal for a decision

    Article 3 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Egypt, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, the development of rules-based and fair trade, and other priorities in the context of the Union’s external policy shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission.

    2. The conditions referred to in paragraph 1 shall aim, in particular, at introducing reforms towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and ensuring respect for human rights, enhancing the efficiency, transparency and accountability of the public finance management systems in Egypt, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, poverty reduction, good governance, the fight against corruption, the development of rules-based and fair trade, and other priorities in the context of the Union’s external policy, including those relating to democracy, rule of law and human rights, shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission.

    Amendment  16

     

    Proposal for a decision

    Article 4 – paragraph 3 – subparagraph 1 – point c

     

    Text proposed by the Commission

    Amendment

    (c) the satisfactory implementation of the economic policy conditions and financial conditions agreed in the Memorandum of Understanding.

    (c) the satisfactory implementation of the economic policy conditions, financial conditions, and democracy, rule of law and human rights conditions, agreed in the Memorandum of Understanding.

    Amendment  17

     

    Proposal for a decision

    Article 8 – paragraph 1 – point c a (new)

     

    Text proposed by the Commission

    Amendment

     

    (ca) outline the concrete and credible steps Egypt has taken towards respecting effective democratic mechanisms, including a multi-party parliamentary system, and the rule of law, and towards ensuring respect for human rights.

    ANNEX: ENTITIES OR PERSONS
    FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur for the opinion received input from the following entities or persons in the preparation of the opinion:

    Entity and/or person

     

    European Commission – DG ECFIN

    EEAS

    Various Egyptian authorities on multiple occassion

    Amnesty International

    Euromed Rights

    CIHRS

    Egyptian Front for Human Rights

    Committee to Protect Journalists

    Various Members of the Egyptian Parliament

    UNHCR

    Save the Children

    Frontex

    Various diplomats of EU Member States in Caïro

    Various local civil society organisations in Egypt

    Third country diplomat in Egypt

    The list above is drawn up under the exclusive responsibility of the rapporteur for the opinion.

    Where natural persons are identified in the list by their name, by their function or by both, the rapporteur for the opinion declares that she has submitted to the concerned natural persons the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.

    PROCEDURE – COMMITTEE ASKED FOR OPINION

    Title

    Macro-financial assistance to the Arab Republic of Egypt

    References

    COM(2024)0461 – C10-0009/2024 – 2024/0071(COD)

    Committee(s) responsible

    INTA

     

     

     

    Opinion by

     Date announced in plenary

    AFET

    13.11.2024

    Rapporteur for the opinion

     Date appointed

    Tineke Strik

    14.10.2024

    Discussed in committee

    3.12.2024

     

     

     

    Date adopted

    30.1.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    59

    6

    7

    Members present for the final vote

    Mika Aaltola, Lucia Annunziata, Petras Auštrevičius, Jordan Bardella, Dan Barna, Wouter Beke, Robert Biedroń, Ioan-Rareş Bogdan, Marc Botenga, Grzegorz Braun, Sebastião Bugalho, Danilo Della Valle, Özlem Demirel, Elio Di Rupo, Michael Gahler, Geadis Geadi, Giorgos Georgiou, Raphaël Glucksmann, Bernard Guetta, Rima Hassan, Rasa Juknevičienė, Sandra Kalniete, Łukasz Kohut, Rihards Kols, Andrey Kovatchev, Vilis Krištopans, Nathalie Loiseau, Claudiu Manda, David McAllister, Sven Mikser, Francisco José Millán Mon, Arkadiusz Mularczyk, Leoluca Orlando, Kostas Papadakis, Tonino Picula, Thijs Reuten, Nacho Sánchez Amor, Andreas Schieder, Alexander Sell, Villy Søvndal, Davor Ivo Stier, Sebastiaan Stöteler, Stanislav Stoyanov, Marie-Agnes Strack-Zimmermann, Michał Szczerba, António Tânger Corrêa, Marta Temido, Cristian Terheş, Riho Terras, Hermann Tertsch, Pierre-Romain Thionnet, Sebastian Tynkkynen, Reinier Van Lanschot, Roberto Vannacci, Hilde Vautmans, Harald Vilimsky, Željana Zovko

    Substitutes present for the final vote

    Jaume Asens Llodrà, Malik Azmani, Engin Eroglu, Sandra Gómez López, Evin Incir, András László, Ana Catarina Mendes, Hans Neuhoff, Nicolás Pascual de la Parte, Chloé Ridel, Tineke Strik, Şerban Dimitrie Sturdza, Ingeborg Ter Laak, Matej Tonin, Ivaylo Valchev, Isabel Wiseler-Lima

    Members under Rule 216(7) present for the final vote

    Catarina Vieira

     

     

    FINAL VOTE BY ROLL CALL IN COMMITTEE ASKED FOR OPINION

    59

    +

    ECR

    Geadis Geadi, Rihards Kols, Arkadiusz Mularczyk, Şerban Dimitrie Sturdza, Cristian Terheş, Ivaylo Valchev

    PPE

    Mika Aaltola, Wouter Beke, Ioan-Rareş Bogdan, Sebastião Bugalho, Michael Gahler, Rasa Juknevičienė, Sandra Kalniete, Łukasz Kohut, Andrey Kovatchev, David McAllister, Francisco José Millán Mon, Nicolás Pascual de la Parte, Davor Ivo Stier, Michał Szczerba, Ingeborg Ter Laak, Riho Terras, Matej Tonin, Isabel Wiseler-Lima, Željana Zovko

    PfE

    András László, António Tânger Corrêa, Hermann Tertsch, Roberto Vannacci

    Renew

    Petras Auštrevičius, Malik Azmani, Dan Barna, Engin Eroglu, Bernard Guetta, Nathalie Loiseau, Marie-Agnes Strack-Zimmermann, Hilde Vautmans

    S&D

    Lucia Annunziata, Robert Biedroń, Elio Di Rupo, Raphaël Glucksmann, Sandra Gómez López, Evin Incir, Claudiu Manda, Ana Catarina Mendes, Sven Mikser, Tonino Picula, Thijs Reuten, Nacho Sánchez Amor, Andreas Schieder, Marta Temido

    The Left

    Özlem Demirel, Rima Hassan

    Verts/ALE

    Jaume Asens Llodrà, Leoluca Orlando, Villy Søvndal, Tineke Strik, Reinier Van Lanschot, Catarina Vieira

     

    6

    NI

    Grzegorz Braun, Kostas Papadakis

    PfE

    Jordan Bardella, Sebastiaan Stöteler, Pierre-Romain Thionnet, Harald Vilimsky

     

    7

    0

    ECR

    Sebastian Tynkkynen

    ESN

    Hans Neuhoff, Alexander Sell, Stanislav Stoyanov

    The Left

    Marc Botenga, Danilo Della Valle, Giorgos Georgiou

     

    Key to symbols:

    + : in favour

     : against

    0 : abstention

     

     

     

     

     

    PROCEDURE – COMMITTEE RESPONSIBLE

    Title

    Macro-financial assistance to the Arab Republic of Egypt

    References

    COM(2024)0461 – C10-0009/2024 – 2024/0071(COD)

    Date submitted to Parliament

    15.3.2024

     

     

     

    Committee(s) responsible

    INTA

     

     

     

    Committees asked for opinions

     Date announced in plenary

    AFET

    13.11.2024

     

     

     

    Rapporteurs

     Date appointed

    Céline Imart

    30.9.2024

     

     

     

    Discussed in committee

    14.10.2024

    30.1.2025

     

     

    Date adopted

    20.3.2025

     

     

     

     

    BUDG

    29.1.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    28

    7

    5

    Members present for the final vote

    Christophe Bay, Brando Benifei, Anna Bryłka, Udo Bullmann, Benoit Cassart, Markéta Gregorová, Bart Groothuis, Céline Imart, Karin Karlsbro, Bernd Lange, Ilia Lazarov, Thierry Mariani, Javier Moreno Sánchez, Ştefan Muşoiu, Daniele Polato, Majdouline Sbai, Lukas Sieper, Dominik Tarczyński, Francesco Torselli, Kathleen Van Brempt, Jörgen Warborn, Iuliu Winkler, Bogdan Andrzej Zdrojewski, Juan Ignacio Zoido Álvarez

    Substitutes present for the final vote

    Mika Aaltola, Nicolas Bay, Markus Buchheit, João Cotrim De Figueiredo, Danilo Della Valle, Borja Giménez Larraz, Vicent Marzà Ibáñez, Marina Mesure, Martin Schirdewan, Kris Van Dijck

    Members under Rule 216(7) present for the final vote

    Hildegard Bentele, Mélanie Disdier, Niels Geuking, Chloé Ridel, Romana Tomc, Matthieu Valet

    Date tabled

    24.3.2025

     

    FINAL VOTE BY ROLL CALL BY THE COMMITTEE RESPONSIBLE

    28

    +

    ECR

    Nicolas Bay, Daniele Polato, Dominik Tarczyński, Francesco Torselli, Kris Van Dijck

    ESN

    Markus Buchheit

    NI

    Lukas Sieper

    PPE

    Mika Aaltola, Hildegard Bentele, Niels Geuking, Borja Giménez Larraz, Céline Imart, Ilia Lazarov, Romana Tomc, Jörgen Warborn, Iuliu Winkler, Bogdan Andrzej Zdrojewski, Juan Ignacio Zoido Álvarez

    PfE

    Christophe Bay, Anna Bryłka, Mélanie Disdier, Thierry Mariani, Matthieu Valet

    Renew

    Benoit Cassart, João Cotrim De Figueiredo, Bart Groothuis, Karin Karlsbro

    S&D

    Javier Moreno Sánchez

     

    7

    S&D

    Udo Bullmann

    The Left

    Danilo Della Valle, Marina Mesure, Martin Schirdewan

    Verts/ALE

    Markéta Gregorová, Vicent Marzà Ibáñez, Majdouline Sbai

     

    5

    0

    S&D

    Brando Benifei, Bernd Lange, Ştefan Muşoiu, Chloé Ridel, Kathleen Van Brempt

     

    Key to symbols:

    + : in favour

     : against

    0 : abstention

     

     

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the nomination of Lucian Romașcanu as a Member of the Court of Auditors – A10-0039/2025

    Source: European Parliament

     

    ANNEX 1: CURRICULUM VITÆ OF LUCIAN ROMAȘCANU

    ABOUT ME

    Married, two children

    Politician with top parliamentary and governmental experience with a wealth of prior experience in the private sector.

    Solid experience in working with public and European funds in the public positions held, minister, senator or head of a higher administrative territorial unit.

    EDUCATION AND TRAINING

    [ 2000 – 2002 ] Executive MBA

    University Of Washington, Seattle / ASEBUSS Bucharest

    City: Bucharest | Country: Romania |

    [ 1986 – 1991 ] BSc

    Academy Of Economic Studies

    City: Bucharest | Country: Romania |

    WORK EXPERIENCE

    [ 28/10/2024 – Current ] President

    Buzău County Council

    City: Buzău | Country: Romania

     uninominal elected position

     administrative coordination of Buzău county, 404 000 inhabitants and 87  administrative territorial units

     yearly budget – over EUR 100 million

    [ 21/12/2016 – 27/10/2024 ] Senator

    The Senate of Romania

    City: Bucharest | Country: Romania

    Various positions in the parliament of Romania:

     Chair, Culture and Media Committee

     President, Romanian parliament delegation to the Parliamentary Assembly of the Organization for Security and Co-operation in Europe (OSCE)

     Leader, Social-Democratic Party senators

    [ 11/2021 – 06/2023 ] Minister Of Culture

    Government of Romania

    City: Bucharest | Country: Romania

    • yearly budget – over EUR 300 million

     

    [ 06/2017 – 01/2018 ] Minister Of Culture

    Government of Romania

    City: Bucharest | Country: Romania

    • yearly budget – over EUR 270 million

    [ 2015 – 2016 ] Management Advisor to the President of the Board

    Romanian National Television

    City: Bucharest | Country: Romania

     100 % state owned

     5 TV Channels

     EUR 67 million yearly turnover

     2 450 employees

    [ 2012 – 2015 ] Managing Director

    Dogan Media International

    City: Bucharest | Country: Romania

     Turkish capital

     EUR 20 million yearly turnover

     over 400 employees

     32 % y-o-y revenue growth

    [ 2009 – 2012 ] General Manager

    Cancan Media

    City: Bucharest | Country: Romania

     EUR 8 million yearly turnover

     140 employees

     12% y-o-y revenue growth

    [ 2006 – 2009 ] Managing Director

    Ringier Romania

    City: Bucharest | Country: Romania

     Swiss capital

     EUR 30 million yearly turnover

     240 employees

    [ 2004 – 2006 ] Managing Director

    Best Print Services

    City: Bucharest | Country: Romania

     EUR 10 million yearly turnover

     110 employees

     financing negotiations, investment programme supervising

     ERP design and implementation

     18 % y-o-y revenue growth

    [ 2002 – 2004 ] General Manager

    HL Display Romania

    City: Bucharest | Country: Romania

     Swedish capital

     start-up

     EUR 1 million yearly turnover

     5 employees

     Accountable for the Profit and Loss (P&L) statement

     budgeting, revenue and cost control responsibility

     

    [ 1999 – 2002 ] Sales Director

    Ringier Romania

    City: Bucharest | Country: Romania

     Swiss capital

     sales team coordination (14 people)

     crafting sales strategy, planning action, setting sales objectives

     sales presentations delivered to media agencies, key clients; contract negotiation

    [ 1997 – 1999 ] Sales Director

    MediaPro Holding

    City: Bucharest | Country: Romania

     organising and harmonising the sales structures of the different group companies

     crafting sales strategy, planning action, setting sales objectives

     sales presentations delivered to media agencies, key clients; negotiating sales budgets responsibility, in depth reorganisation of the sales structure of 16 different companies

    [ 1993 – 1997 ] Country Representative Amorim Irmaos

    City: Bucharest | Country: Romania

     start-up

     EUR 4 million yearly turnover

     building the presence on the Romanian market, obtaining and maintaining the leader position (90 % market share)

    [ 1991 – 1993 ] Account manager

    Vinexport Trading Co.

    City: Bucharest | Country: Romania

     coordinating exports to Dutch, Canadian and Israeli markets

     taking part in negotiations, supervising deliveries, preparing export documents.

    MANAGEMENT AND LEADERSHIP SKILLS

    Team leader, good negotiator

     good teams coordination

     precise identification and delimitation of competences and hierarchies, multitasking with attention to detail

     analytical but also action and results oriented

     very good communication and presentation skills

     strong negotiation skills with different typologies or cultures

    COMMUNICATION AND INTERPERSONAL SKILLS

    Excellent communicator, adaptable and perseverant

     excellent interpersonal and communication skills within different environments, coordinating and motivating teams of various sizes

     committed, self-starter, dynamic, perseverant, adaptable, rapidly assimilating new information from various fields

    LANGUAGE SKILLS

    Mother tongue(s): Romanian

    Other language(s):

    English

    LISTENING C2 READING C2 WRITING C2

    SPOKEN PRODUCTION C2 SPOKEN INTERACTION C2

    French

    LISTENING B2 READING B2 WRITING B1

    SPOKEN PRODUCTION B1 SPOKEN INTERACTION B1

    Levels: A1 and A2: Basic user; B1 and B2: Independent user; C1 and C2: Proficient user

    DIGITAL SKILLS

    My Digital Skills

    Excellent command of Microsoft Office (Word, Excel, Outlook) | Proficiency of using computer and internet | Enterprise-Resource-Planning-Software (ERP) | Implement change management: from organisational changes to CRMs launch

    DRIVING LICENCE

    Motorbikes:  A

    Cars:  B

    HOBBIES AND INTERESTS

    Avid reader, passionate about sports and music

    ANNEX 2: ANSWERS BY LUCIAN ROMAȘCANU TO THE QUESTIONNAIRE

    Questionnaire for Candidates for Membership of the Court of Auditors

    Professional experience

    1. Please list your professional experience in public finance be it in budgetary planning, budget implementation or management or budget control or auditing.

     A:

     As manager in the private sector

    i. I proposed, negotiated, approved and controlled budgets of EUR tens of millions in the different companies I managed.

     

     As Senator in the Romanian Parliament:

    i. I discussed, amended and approved eight of the Romanian yearly budgets with all the activities involved in this laborious process.

    ii. I received, analysed, and was involved in amending, approving or rejecting the budgets of the institutions that operate directly under the supervision of the Senate of Romania – Romanian National Television, Romanian National Radio, the Romanian Cultural Institute, the Audio Visual Council, among others.

    iii. I was involved in top level decisions during major crises, including the pandemic and the energy crisis, where the budgetary impact and control over decisions was a key priority.

     

     As Minister of Culture

    i. I analysed past years’ budgets and drew conclusions on the performance of the previous budgets and implemented corrective measures where necessary.

    ii. I drew up the yearly budgets, negotiated them with the Ministry of Finance and presented them in front of the Romanian parliament – the yearly budget of the Ministry of Culture is about EUR 300 million.

    iii. I oversaw the execution of the yearly budgets both in terms of performance and legality.

    iv. I worked closely with the Romanian Court of Accounts in all aspects related to their activities concerning my ministry.

     

     As President of Buzau County

    i. I analysed the previous years’ budgets to allow me to draw conclusions on the County’s financial performance and subsequently prepared budgetary corrections for the next period.

    ii. I drew up the 2025 budget and supervised its approval by the County counsellors – the yearly budget is about EUR 110 million.

    2. What have been your most significant achievements in your professional career?

     A: Considering the scope of this questionnaire, I would list some of the achievements related to the financial and budgetary fields:

    i. In my first mandate as Minister, I was able to increase the budget of the Ministry of Culture by 47 % and oversaw an execution rate of more than 98 % without any adverse opinion from the Romanian Court of Accounts.

    ii. As the leader of the group of the Social Democratic Party senators I was a key actor in the negotiation and successful vote of the Romania’s annual budgets in due time.

    iii. As member of the Parliament during the COVID-19 crisis I was able, together with my colleagues, to ensure – through the necessary Parliamentary decisions – all the resources that the state needed to fight the pandemic and follow-up the way the resources were allocated and spent.

    3. What has been your professional experience of international multicultural and multilinguistic organisations or institutions based outside your home country?

     A:

    i. In the private sector I worked on top executive positions for multinational companies, where I exposed to different cultures within the organisations I worked for.

    ii. As a member of the Romanian parliament and a committee chair, I was constantly involved in activities of parliamentary diplomacy with representatives of different countries and cultures. As the President of the Romanian Parliament delegation to the Organization for Security and Co-operation in Europe (OSCE) I was involved in meetings, discussions and negotiations with representatives from more than 50 member countries.

    iii. As a minister I had the opportunity to have a full international agenda with meetings and negotiations with colleagues from different countries and cultures.

    4. Have you been granted discharge for the management duties you carried out previously, if such a procedure applies?

     A: The duties I carried out previously were not subject to a discharge procedure.

    5. Which of your previous professional positions were a result of a political nomination?

     A: For the past eight years of my career, I was in the public service following general or local elections and I was appointed twice as Minister of Culture. All positions were held as a member of the Social Democratic Party (PSD).

    6. What are the three most important decisions to which you have been party in your professional life?

     A: Having a career that spans over decades, there were several important decisions that made the difference, and I am proud of. I will mention three of them, which are relevant for the three main chapters of my career so far, in the private sector, government and parliament:

    i. One of my important decisions I made during my years as manager in the private sector was the deep restructuring of the division I was in charge of in within Ringier Romania, the result being that the newspaper and magazine titles in my portfolio accounted for 50 % of the group’s turnover and almost 100 % of the group’s profit.

    ii. As Minister of Culture, I was able to restructure and streamline the budget to allocate 270 % more money to domestic cultural projects than in the preceding year.

    iii. As a senator and group leader I supported, negotiated in the committees and got the votes for the investment programmes of the Government, including recovery and resilience fund (RRF) projects, which reached almost 7 % of Romania’s GDP in 2024.

    Independence

    7. The Treaty stipulates that the Members of the Court of Auditors must be ‘completely independent’ in the performance of their duties. How would you act on this obligation in the discharge of your prospective duties?

    A: If confirmed, as a Member of the Court of Auditors, I commit myself to carry out my duties in full independence and with the highest ethical standards, in the general interest of the European Union and of the European citizens, and in full respect of the Treaties’ provisions and the Rules of Procedure of the Court. I will fully comply with the provisions of the Code of conduct for ECA members and observe the ethical principles enshrined therein: integrity, independence, objectivity, competence, professional behaviour, confidentiality, transparency, dignity, commitment, loyalty, discretion and collegiality.

    I will neither seek nor take instructions from any government or other institution, body office, or entity. At the same time, I shall refrain from any action incompatible with my prospective duties, striving to set an example by my personal conduct. Even after the cessation of my duties, I undertake to ensure the confidentiality of information and respect the rules concerning appointments and benefits.

    In this role, I will ensure that the Court’s independence is rigorously protected and that my duties are performed with integrity, impartiality and a strong commitment to the highest standards of public service.

    8. Do you or your close relatives (parents, brothers and sisters, legal partner and children) have any business or financial holdings or any other commitments, which might conflict with your prospective duties?

     A: Neither I nor any member of my family have any business or financial interests that could give rise to a conflict of interest with the duties and responsibilities associated with the role of Member of the European Court of Auditors (ECA).

    9. Are you prepared to disclose all your financial interests and other commitments to the President of the Court and to make them public?

     A: Yes, I am ready to disclose all requested information and provide a declaration of interest in accordance with the European Court of Auditors’ Code of Conduct and ethical guidelines, ensuring complete transparency and accountability.

    10. Are you involved in any current legal proceedings? If so, please provide us with details.

     A: No, I am not involved in any current legal proceedings.

    11. Do you have any active or executive role in politics, if so at what level? Have you held any political position during the last 18 months? If so, please provide us with details.

     A: Yes, I am currently the leader of the Buzau County organisation of the Social Democratic Party and the national spokesperson of the party for all matters.

    12. Will you step down from any elected office or give up any active function with responsibilities in a political party if you are appointed as a Member of the Court?

     A: Yes, without any hesitation. Becoming a member of ECA means that I will put an end to my political career.

    13. How would you deal with a major irregularity or even fraud and/or corruption case involving persons in your Member State of origin?

     A: If such a case happens, I would handle it in the same manner as any other case of fraud in any other Member State, with the utmost independence and integrity, taking a fully impartial, objective, unbiased and professional approach.

     Upholding impartiality and integrity, respecting the rule of law, strictly following established policies, rules, and procedures, and ensuring fairness and equal treatment are all essential for any institution to function effectively and maintain the trust of EU citizens.

    Performance of duties

    14. What should be the main features of a sound financial management culture in any public service? How could the ECA help to enforce it?

    A: Within the framework set by the Financial Regulation, sound financial management is understood as budget implementation in compliance with the three principles of:

    i) economy

    ii) efficiency

    iii) effectiveness.

    Public funds must be used for the public good, upholding the fundamental principles of transparency and accountability, which are the two key pillars of good governance.

    I strongly believe that transparency, fairness and accountability, with a focus on performance as well, should be seen as the main features of implementing these principles and fostering a sound financial management culture in public service and these have been guiding elements in both my private and public-sector career.

    What is more, the challenging context we are facing requires that we all do our utmost to rebuild and strengthen citizens’ trust in public institutions and decision-making processes at national and European levels. In this regard, I see added value in a multilayered approach aiming to ensure that proper budgetary planning is accompanied by ethical governance and transparent reporting, followed by a thorough controlling and accountability process, all supported by clear and proactive communication efforts at each of these stages. Not least, I see merit in incorporating early risk analysis and mitigation in all stages described above, to ensure the best possible outputs.

     The ECA has the important role of helping to establish a culture of professional financial management and ensuring its sustainability across all EU institutions. The ECA delivers recommendations and monitors their implementation, both key activities for the above-mentioned role. Identifying best practices and issuing audit recommendations are essential ways to strengthen sound financial management. Furthermore, the ECA’s substantial moral authority can help inspire more transparent and accountable accounting practices throughout the EU.

     The ECA also plays a significant role in simplifying the legislative framework and administrative procedures where appropriate, contributing to effective financial management and facilitating necessary reforms. The EU needs simpler procedures with less bureaucracy, and the ECA can play a vital role in Europe’s simplification agenda.

    15. Under the Treaty, the Court is required to assist Parliament in exercising its powers of control over the implementation of the budget. How would you further improve the cooperation between the Court and the European Parliament (in particular, its Committee on Budgetary Control) to enhance both the public oversight of the general spending and its value for money?

    A: As a prospective Member of the Court of Auditors, I assure you of my commitment to building a relationship based on openness, transparency, mutual trust and efficiency between the European Parliament – in particular its Committee on Budgetary Control (CONT) – and the Court of Auditors. As we are still early in the current institutional and legislative cycle, I believe we need to work, from both sides, to further strengthen the connection between the two institutions and foster a culture of constant engagement between the CONT Committee and the ECA. As such, if confirmed, I would like to assure you of my full openness to dialogue and suggestions on how to improve and strengthen the Court’s contributions in support of the decision-making process in the CONT Committee, meant to allow Parliament to exercise its democratic oversight effectively, particularly when exercising its powers of control over the implementation of the budget. Also given the current difficult regional and international context, I cannot stress enough the importance of safeguarding the EU budget – both at EU and national levels – and I am aware that this is a prime concern for this Parliament and for the CONT Committee in particular.

     

    By working together, we can ensure that any expenditure of EU money is made in a legal, responsible, and accountable manner, having at heart the best interests of the EU and its citizens.

     Moreover, since Members of the European Parliament directly represent the interests of EU citizens, it is crucial to incorporate their perspectives to ensure the ECA’s work remains relevant to the challenges faced by EU citizens, while upholding the Court’s full independence in its work.

     

    16. What added value do you think performance auditing brings and how should the findings be incorporated in management procedures?

     

    A: Compliance audits, financial audits and performance audits complement each other. While compliance auditing verifies whether activities and programmes comply with applicable legal and regulatory requirements, performance auditing evaluates whether these activities and programmes have been executed optimally.

     

    In the context of the implementation of the current multi-annual financial framework for 2021-2027, the Court of Auditors has already recommended future-proofing EU funding for climate adaptation as part of the EU’s economic growth strategy, with implications for the EU’s competitiveness both internally and externally. This contributed to building a results-oriented approach and ensuring that financial decisions are properly translated into effective actions and solutions to the benefit of EU citizens.

     

    Building on this model, further actions could be envisaged in order to support the proper follow-up to the efficiency of spending on the EU’s competitiveness objectives, based on performance auditing, also taking into account the need to consider the EU’s overall development objectives.

     In the same logic, a stronger focus on performance could prove useful in support of the new Commission objectives related to simplification and accountability, also with respect to public procurement procedures. Performance-based evaluations could also consider the administrative costs at the level of Member States, as well as at the level of the business community. Performance auditing offers forward-looking insights, evaluating whether processes are functioning effectively to achieve the set targets and goals.

    Given the projected increased complexity of the EU financial instruments, accountability and traceability of EU funds becomes even more important, also as a prerequisite of the performance-based model, to be considered in the future endeavours of the Court of Auditors, as well as in the relationship with the other EU institutions with budgetary responsibilities – namely the European Commission and the European Parliament.

     That being said, we must always strive to make recommendations that are both relevant and practical, and that can be clearly understood and embraced by the audited entity, especially by the appropriate management level with the competence to implement them optimally in terms of time, cost, and resources.

     

    17. How could cooperation between the Court of Auditors, the national audit institutions and the European Parliament (Committee on Budgetary Control) on auditing of the EU budget be improved?

     A: At this stage, I cannot provide a definitive answer, as I have yet to assess the matter from the perspectives of either the Committee on Budgetary Control or ECA. Gaining practical experience at the Court of Auditors will be essential in forming a well-informed view.

     What is clear, however, is that the cooperation between the Court of Auditors and national audit bodies, as outlined in Article 287(3) of the Treaty on the Functioning of the European Union, is crucial for effective budgetary control. In the context of shared management, leveraging the expertise of national auditors is particularly important.  

     Maintaining an open dialogue with the budgetary and legislative authorities, national SAIs, and other stakeholders strengthen the institution’s relevance and the impact of its work.

    Both the European Parliament (through the CONT Committee) and national audit institutions that report to national parliaments are key stakeholders for the ECA, with a shared goal of safeguarding the EU budget and ensuring optimal use of EU taxpayers’ money. In this regard, the ECA should continue to share its relevant reports with national audit bodies and other institutions to keep them informed of its activities and to communicate its recommendations on pertinent policy areas.

    Therefore, I believe that a well organised, transparent exchange of information, a strong understanding of each side’s needs, and effective collaborative arrangements are key to success. Any actions taken must uphold the legal framework for cooperation, ensuring both the obligation to work in good faith and the independence of the Court of Auditors and national audit bodies.

    Moreover, I would encourage direct structured dialogue between the Contact Committee and the EP Committee on Budgetary Control, with regular exchanges on good practices and lessons learned, effective budget implementation and control, governance, transparency and accountability matters. Additionally, I believe that joint risk analyses could also be a part of this more structured dialogue, a common understanding on challenges and specific risk across the EU, and exchange on ways to address these.

    At its end, the European Parliament also plays a significant role in raising awareness of the ECA’s work and the EU budget control system among their constituents. Also, the Members of the European Parliament should help the audit authorities in their respective Member States to better understand the challenges they face in carrying out their duties.

    18. How would you further develop the reporting of the ECA to give the European Parliament all the necessary information on the accuracy of the data provided by the Member States to the European Commission?

    A: High-quality reporting is based mainly on the quality of data provided. ECA evaluation and reporting depends on the quality of the data provided, especially since it supports the European Parliament in consolidating its budgetary decisions.

    In this respect, also considering that European statistics are public goods, and building on the current Regulation on European Statistics, it is important to analyse, in dialogue with the European Commission and the other institutions, how the current system could be improved to focus on new data sources, new technologies and insights generated by the digital era, as to ensure that the data provided reflect the new set of challenges and economic realities in order to support the reasoning of EU decisions and policy objectives.

    Always remembering that the Court itself has limited resources and must best use them to report its work.

    Other questions

    19. Will you withdraw your candidacy if Parliament’s opinion on your appointment as Member of the Court is unfavourable?

    A: As a former member of the Romanian parliament and former committee chair, I have full respect for the decisions of the European Parliament. In this respect, if any doubts were raised about my integrity or independence, I would of course consider, after discussions with my Member State, withdrawing my nomination. I would also carefully consider the views and discussions in the Budgetary Control Committee regarding the areas of professional improvement and act accordingly.

    Nevertheless, since I was nominated by the Romanian Government and the procedure under the TFEU states that the Council has the final decision, I consider that following the full procedure is the correct way to act that respects all the institutions involved.

    ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    The rapporteur declares under his exclusive responsibility that he did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

     

    INFORMATION ON ADOPTION IN COMMITTEE RESPONSIBLE

    Date adopted

    18.3.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    22

    2

    5

    Members present for the final vote

    Georgios Aftias, Gilles Boyer, Caterina Chinnici, Tamás Deutsch, Dick Erixon, Daniel Freund, Gerben-Jan Gerbrandy, Niclas Herbst, Monika Hohlmeier, Virginie Joron, Kinga Kollár, Giuseppe Lupo, Marit Maij, Claudiu Manda, Csaba Molnár, Fidias Panayiotou, Jacek Protas, Julien Sanchez, Jonas Sjöstedt, Carla Tavares, Tomáš Zdechovský

    Substitutes present for the final vote

    Maria Grapini, Erik Marquardt, Bert-Jan Ruissen, Vlad Vasile-Voiculescu, Annamária Vicsek

    Members under Rule 216(7) present for the final vote

    Andrzej Halicki, Valentina Palmisano, Georgiana Teodorescu

     

     

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Ethanol – E-001089/2025

    Source: European Parliament

    Question for written answer  E-001089/2025
    to the Commission
    Rule 144
    Christine Singer (Renew), Engin Eroglu (Renew), Joachim Streit (Renew), Maria Grapini (S&D), Ondřej Krutílek (ECR), Stefan Köhler (PPE), Elżbieta Katarzyna Łukacijewska (PPE), Aldo Patriciello (PfE), Carlo Ciccioli (ECR), Anna Zalewska (ECR), Tobiasz Bocheński (ECR), Antonella Sberna (ECR), Daniele Polato (ECR), Chiara Gemma (ECR), Paolo Inselvini (ECR), Flavio Tosi (PPE), Massimiliano Salini (PPE), Sergio Berlato (ECR), Francesco Ventola (ECR), Alessandro Ciriani (ECR), Letizia Moratti (PPE), Carlo Fidanza (ECR), Herbert Dorfmann (PPE), Nicola Procaccini (ECR), Mariateresa Vivaldini (ECR), Elena Donazzan (ECR), Nikola Minchev (Renew)

    Ethanol (‘alcohol’) is a substance that is easily biologically degradable. As part of the evaluation procedure for biocidal active substances, it is proposed that ethanol be classified as toxic to reproduction and carcinogenic (Category 1), because these effects can be observed after the oral intake of alcoholic beverages. This classification would have the consequence that ethanol, due to EU chemical regulations (REACH[1] or CLP[2]), could no longer be used in detergents, care and cleaning products, disinfectants and cosmetics.

    • 1.What costs does the Commission expect for the modification of hundreds of thousands of cosmetics, cleaning and disinfecting agents, and many other product groups, in the event that ethanol is classified in Category 1 as carcinogenic and toxic to reproduction?
    • 2.What impact on the competitiveness of the EU economy does the Commission expect, in the event that ethanol is classified in Category 1 as carcinogenic and toxic to reproduction?
    • 3.How does the Commission assess the compatibility of ethanol’s potential classification in Category 1 with one of the goals of the European Green Deal, namely sustainable raw material extraction, given that classification in Category 1 would effectively ban the use of ethanol in many product groups?

    Supporter[3]

    Submitted: 12.3.2025

    • [1] Regulation (EC) No 1907/2006 of the European Parliament and of the Council of 18 December 2006 concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), establishing a European Chemicals Agency (OJ L 396, 30.12.2006, p. 1, ELI: http://data.europa.eu/eli/reg/2006/1907/oj).
    • [2] Regulation (EC) No 1272/2008 of the European Parliament and of the Council of 16 December 2008 on classification, labelling and packaging of substances and mixtures (OJ L 353, 31.12.2008, p. 1, ELI: http://data.europa.eu/eli/reg/2008/1272/oj).
    • [3] This question is supported by a Member other than the authors: Fernand Kartheiser (ECR)

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Hashemite Kingdom of Jordan – A10-0038/2025

    Source: European Parliament

    DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

    on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Hashemite Kingdom of Jordan

    (COM(2024)0159 – C9‑0146/2024 – 2024/0086(COD))

    (Ordinary legislative procedure: first reading)

    The European Parliament,

     having regard to the Commission proposal to Parliament and the Council (COM(2024)0159),

     having regard to Article 294(2) and Article 212 of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C9‑0146/2024),

     having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

     having regard to Rule 60 of its Rules of Procedure,

     having regard to the budgetary assessment by the Committee on Budgets,

     having regard to the opinion of the Committee on Foreign Affairs,

     having regard to the report of the Committee on International Trade (A10-0038/2025),

    1. Adopts its position at first reading, taking over the Commission proposal;

    2. Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

    3. Instructs its President to forward its position to the Council, the Commission and the national parliaments.

     

     

    EXPLANATORY STATEMENT

    In an increasingly challenging global economic context, Jordan faces persistent structural challenges compounded by significant external shocks. While the country has maintained moderate growth of around 2% in recent years, this level remains insufficient to address fundamental economic needs: reducing high unemployment (22.9% in 2022) and alleviating a substantial public debt burden (88.7% of GDP in 2023).

    These domestic challenges are further exacerbated by heightened regional tensions, including the war between Israel and Gaza and ongoing instability in Syria, which are disrupting trade, straining public resources and jeopardizing key sectors such as tourism. Therefore, Jordan is facing a series of unfavorable factors with economic, political, social and demographic consequences, and must receive appropriate and rapid support as a reliable and stable partner of the EU. Moreover, the migratory pressure is very high in the Kingdom with 1.3 million refugees from Syria out of total of 3.8 million of refugees. It means 1/3 of the Kingdom population are refugees.

    To support Jordan’s economic stability and cover the country’s residual financing needs over the operation’s availability period, the Commission proposes a macro-financial assistance (MFA) operation of up to €500 million in loans, despite the Jordan’s request for €700 million.

    This assistance is designed to address pressing economic challenges, including high public debt, a structurally elevated budget deficit (5.1% of GDP in 2023), and a persistent external deficits (average of around 6.5% of GDP over the last five years). It also aims to mitigate the fiscal constraints exacerbated by recent crises, such as the COVID-19 pandemic and regional instability.

    The political and economic conditions necessary for granting the proposed MFA are fulfilled, as confirmed by the Commission’s evaluation of Jordan’s current situation. The loan will be provided under the External Action Guarantee with a provisioning at a rate of 9%, which will be programmed under the NDICI-GE, for a total amount of EUR 45 million. To ensure risk coverage, the EU will provision 9% of the total amount, or €45 million, under the External Action Guarantee.

    The MFA will have a validity period of two and a half years following the entry into force of the Memorandum of Understanding (MoU). The disbursement of funds will occur in three tranches, contingent upon the full and timely implementation of the agreed-upon economic policies outlined in the MoU. These policies include ambitious reforms in key areas such as public governance, fiscal management, and anti-corruption efforts, ensuring that the assistance supports Jordan’s long-term economic resilience.

    This assistance complements the ongoing IMF program approved in January 2024, which provides $1.2 billion over four years, and aligns with support from other international partners, including substantial U.S. grants. It also builds on Jordan’s track record with macro-financial assistance, being the fourth MFA operation since 2014, totaling €1.08 billion to date. These successive programs underscore the EU’s ongoing commitment to strengthening Jordan’s institutional capacity and promoting economic stability.

    By addressing Jordan’s immediate financing needs and supporting reforms in key areas, the MFA reinforces the country’s economic resilience while contributing to regional stability. Subordinated to clear economic policy conditions, this assistance ensures accountability and progress. The full and timely implementation of these policies will remain a prerequisite for the disbursement of each tranche, ensuring that Jordan continues to meet its reform commitments.

    Jordan is a key partner in the region, able to engage in dialogue with the various geopolitical players in the Middle East. It is important to give Jordan due consideration and not to take its support for granted. It is therefore important to build a global and strategic partnership with Jordan, alongside and in addition to this MFA, in order to quickly lay the foundations for tomorrow’s collaboration.

     

     

    ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur declares that she received input from the following entities or persons in the preparation of the report, prior to the adoption thereof in committee:

    Entity and/or person

    European Commission – DG ECFIN

    European Commission – DG NEAR

    EEAS

    Embassy of the Hashemite Kingdom of Jordan

    The list above is drawn up under the exclusive responsibility of the rapporteur.

    Where natural persons are identified in the list by their name, by their function or by both, the rapporteur declares that she has submitted to the concerned natural persons the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.

     

    BUDGETARY ASSESSMENT OF THE COMMITTEE ON BUDGETS (4.2.2025)

    for the Committee on International Trade

    on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Hashemite Kingdom of Jordan

    (COM(2024)0159 – C9‑0146/2024 – 2024/0086(COD))

    Rapporteur for budgetary assessment: Johan Van Overtveldt 

    The Committee on Budgets has carried out a budgetary assessment of the proposal under Rule 58 of the Rules of Procedure and has reached the following conclusions:

    A. whereas Jordan continues to face significant external financing needs and economic challenges, with a current account deficit of 7.1 % of gross domestic product (GDP) in the first half of 2023, driven by persistent deficits in trade in goods; whereas Jordan’s public debt burden remains high at 88.7 % of GDP in 2023, raising concerns about long-term fiscal sustainability;

    B. whereas Jordan’s narrow revenue base, with domestic tax revenue at only 16 % of GDP, raises concerns about long-term fiscal sustainability and capacity to service external debts;

    C. whereas the policy measures associated with macro-financial assistance (MFA) cover selected provisions related to the Association Agreement and the EU-Jordan Partnership Priorities 2021-2027;

    D. whereas significant structural challenges hinder economic growth, with deficiencies in the business environment, access to finance, labour market flexibility and public administration; whereas unemployment remains high, especially among women, youth and university graduates, with women’s labour force participation at just 14 % in 2023, among the lowest globally; whereas the EU-Jordan Partnership Priorities 2021-2027 aim to address these issues by fostering decent work, innovation, skills development and comprehensive social protection systems;

    E. whereas the EU-Jordan Partnership Priorities 2021-2027 highlight cooperation in inter-religious and intercultural dialogue and the protection of cultural heritage as drivers of peace and sustainable development; whereas these efforts can include safeguarding historical manuscripts and archives, contributing to inclusive dialogue and mutual understanding;

    F. whereas Jordan’s economy has suffered significantly from protracted conflicts and crises in the region, notably in neighbouring Syria, and most recently in Israel/Gaza and the Red Sea; whereas these pose further risks to Jordan’s economic outlook, particularly affecting tourism and trade, with disruptions to exports and vessel traffic;

    G. whereas the severe deterioration of external accounts and Jordan’s strategic importance for regional stability justify this support package;

    H. whereas the conflicts in Gaza and the wider region have been exacerbating socioeconomic challenges in Jordan given its geographical position;

    1. Notes that the Commission proposal of EUR 500 million in MFA requires EUR 45 million in provisioning under the External Action Guarantee from the Neighbourhood, Development and International Cooperation Instrument – Global Europe; points out that the evolving financial and economic realities in Jordan might require a revision of the proposed amount of MFA, consequently having an effect on provisioning;

    2. Notes that the assistance will be disbursed in three instalments between 2024 and 2027, with release strictly linked to the progress of the implementation of both the International Monetary Fund programme and additional policy measures;

    3. Recalls that this represents the fourth MFA operation for Jordan since 2014, bringing total MFA support to EUR 1.58 billion, demonstrating the EU’s sustained commitment to supporting Jordan’s economic stability;

    4. Acknowledges that the loan structure includes a grace period and spreads repayments over a long period, creating extended contingent liabilities for the EU budget that require monitoring over multiple financial frameworks;

    5. Acknowledges that the International Monetary Fund assessed Jordan’s public debt level as sustainable in its report of January 2024, while noting that debt sustainability risks remain significant;

    6. Recalls that previous MFA operations for Jordan have demonstrated positive track records in terms of repayment;

    7. Emphasises that the MFA underpins Jordan’s continued commitment to values shared with the Union, including democracy, rule of law, good governance and respect for human rights; highlights that these commitments are key to ensuring effective reforms and long-term stability; stresses that a precondition for granting the Union’s macro-financial assistance is that Jordan respects effective democratic mechanisms – including a multi-party parliamentary system – and guarantees respect for human rights;

    8. Stresses the importance of the regular verification of Jordan’s compliance with the preconditions, ongoing conditionality and objectives to protect the EU’s financial interests and ensure the implementation of the MFA in accordance with the regulation;

    9. Calls for proper monitoring and regular reporting to Parliament and the Council on developments relating to the assistance as well as the continuous monitoring of conditions and objectives;

    10. Recalls that while MFA is meant to be an exceptional crisis response instrument, its increasing use to address structural economic challenges in partner countries risks diluting its emergency nature;

    11. Concludes that the proposal for a decision on providing macro-financial assistance to Jordan is compatible with the EU’s budgetary framework and financial rules.

     

     

    ANNEX: ENTITIES OR PERSONS
    FROM WHOM THE RAPPORTEUR FOR BUDGETARY ASSESSMENT HAS RECEIVED INPUT

    The Chair in his capacity as rapporteur for budgetary assessment declares under his exclusive responsibility that he did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

     

    PROCEDURE – COMMITTEE ASKED FOR BUDGETARY ASSESSMENT

    Title

    Macro-financial assistance to the Hashemite Kingdom of Jordan

    References

    COM(2024)0159 – C9-0146/2024 – 2024/0086(COD)

    Committee(s) responsible

    INTA

     

     

     

     Date announced in plenary

    BUDG

    25.4.2024

    Rapporteur for budgetary assessment

     Date appointed

    Johan Van Overtveldt

    5.12.2024

    Discussed in committee

    16.1.2025

     

     

     

    Date adopted

    29.1.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    35

    2

    1

    Members present for the final vote

    Georgios Aftias, Rasmus Andresen, Isabel Benjumea Benjumea, Tobiasz Bocheński, Olivier Chastel, Tamás Deutsch, Angéline Furet, Jens Geier, Thomas Geisel, Jean-Marc Germain, Sandra Gómez López, Monika Hohlmeier, Alexander Jungbluth, Janusz Lewandowski, Giuseppe Lupo, Siegfried Mureşan, Matjaž Nemec, Danuše Nerudová, João Oliveira, Ruggero Razza, Karlo Ressler, Julien Sanchez, Hélder Sousa Silva, Joachim Streit, Carla Tavares, Nils Ušakovs, Lucia Yar, Auke Zijlstra

    Substitutes present for the final vote

    Damian Boeselager, Michalis Hadjipantela, Moritz Körner, Tiago Moreira de Sá, Rasmus Nordqvist, Michele Picaro, Jacek Protas, Beata Szydło

    Members under Rule 216(7) present for the final vote

    Thierry Mariani, Aodhán Ó Ríordáin

     

     

     

    FINAL VOTE BY ROLL CALL
    IN COMMITTEE ASKED FOR BUDGETARY ASSESSMENT

    35

    +

    ECR

    Tobiasz Bocheński, Michele Picaro, Ruggero Razza, Beata Szydło

    NI

    Thomas Geisel

    PPE

    Georgios Aftias, Isabel Benjumea Benjumea, Michalis Hadjipantela, Monika Hohlmeier, Janusz Lewandowski, Siegfried Mureşan, Danuše Nerudová, Jacek Protas, Karlo Ressler, Hélder Sousa Silva

    PfE

    Tamás Deutsch, Angéline Furet, Thierry Mariani, Tiago Moreira de Sá, Julien Sanchez

    Renew

    Olivier Chastel, Moritz Körner, Joachim Streit, Lucia Yar

    S&D

    Jens Geier, Jean-Marc Germain, Sandra Gómez López, Giuseppe Lupo, Matjaž Nemec, Aodhán Ó Ríordáin, Carla Tavares, Nils Ušakovs

    Verts/ALE

    Rasmus Andresen, Damian Boeselager, Rasmus Nordqvist

     

    2

    PfE

    Auke Zijlstra

    The Left

    João Oliveira

     

    1

    0

    ESN

    Alexander Jungbluth

     

    Key to symbols:

    + : in favour

     : against

    0 : abstention

    OPINION OF THE COMMITTEE ON FOREIGN AFFAIRS (31.1.2025)

    for the Committee on International Trade

    on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Hashemite Kingdom of Jordan

    (COM(2024)0159 – C9‑0146/2024 – 2024/0086(COD))

    Rapporteur for opinion: Malik Azmani

     

     

    AMENDMENTS

    The Committee on Foreign Affairs submits the following to the Committee on International Trade, as the committee responsible:

    Amendment  1

    Proposal for a decision

    Recital 2

     

    Text proposed by the Commission

    Amendment

    (2) Since 2011, Jordan has embarked on a number of political reforms to strengthen parliamentary democracy and the rule of law. A Constitutional Court and an Independent Electoral Commission have been set up and a number of major laws, including the Electoral Act and the Political Parties Act as well as laws on decentralisation and municipalities, have been passed by the Jordanian Parliament. Legislative improvements as regards the independence of the judiciary and women’s rights have been adopted.

    (2) Since 2021, Jordan has embarked on a number of political reforms to strengthen parliamentary democracy and the rule of law. A Constitutional Court and an Independent Electoral Commission have been set up and a number of major laws, including the Electoral Act and the Political Parties Act as well as laws on decentralisation and municipalities, have been passed by the Jordanian Parliament. Legislative improvements as regards the independence of the judiciary and women’s rights have been adopted. The European Election Observation Mission in Jordan took note of the inclusive and well-organised parliamentary elections that took place on 10 September 2024 in the context of the political modernisation initiated by the King in 2021. It is crucial that the Union continues to support peace in Jordan and does everything within its power to preserve the unique Jordanian model of ethnic and religious representation in order to ensure legitimate representation of those groups.

    Amendment  2

     

    Proposal for a decision

    Recital 3

     

    Text proposed by the Commission

    Amendment

    (3) The Jordanian economy has suffered significantly from protracted conflicts in the region, notably in neighbouring Syria, and most recently in Israel/Gaza and the Red Sea. Since the start of the war in Syria, the Jordanian economy has been impacted by a large inflow of Syrian refugees, which has increased pressure on its fiscal position, public services and infrastructure. In addition to regional instability, the macroeconomic and fiscal challenges related to the COVID-19 pandemic in 2020/2021, commodity price developments following Russia’s invasion of Ukraine in 2022, high exposure to trade fluctuations and the increase of borrowing costs for emerging markets globally continued to weigh on the Jordanian economy. As a result, Jordan experienced an economic contraction in 2020, followed by a slow economic recovery, as unemployment increased significantly in 2020 and remained high, and new fiscal and external financing needs emerged.

    (3) The Jordanian economy has suffered significantly from protracted conflicts in the region, notably in neighbouring Syria, and most recently in Israel/Gaza and the Red Sea. Since the start of the war in Syria, the Jordanian economy has been impacted by a large inflow of Syrian refugees, which has increased pressure on its fiscal position, public services and infrastructure. The current uncertainty in Syria further exacerbates the already highly detrimental instability for Jordan. Jordan hosts around 1,3 million refugees, making it one of the countries with the highest number of refugee populations per capita. In addition to regional instability, the macroeconomic and fiscal challenges related to the COVID-19 pandemic in 2020/2021, commodity price developments following Russia’s invasion of Ukraine in 2022, high exposure to trade fluctuations and the increase of borrowing costs for emerging markets globally continued to weigh on the Jordanian economy. As a result, Jordan experienced an economic contraction in 2020, followed by a slow economic recovery, as unemployment increased significantly in 2020 and remained high, and new fiscal and external financing needs emerged. Moreover, significant structural issues hinder economic growth, particularly in the area of private sector development. Challenges such as an unfavourable business environment and inflexibility in the labour market remain unresolved.

    Amendment  3

     

    Proposal for a decision

    Recital 4 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (4a) The Union recognises Jordan’s pivotal role in promoting regional stability and mediating conflicts, particularly amidst heightened tensions. The proposed macro-financial assistance aims to support Jordan in maintaining its positive role in the region. In that context, and in recognition of Jordan being one of the Union’s strongest regional partners, it is imperative for the Commission and the European External Action Service (EEAS) to further deepen and strengthen the EU-Jordan partnership, thereby advancing cooperation.

    Amendment  4

     

    Proposal for a decision

    Recital 21

     

    Text proposed by the Commission

    Amendment

    (21) A pre-condition for granting the Union’s macro-financial assistance should be that Jordan respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems in Jordan and promote structural reforms aimed at supporting sustainable and inclusive growth, employment creation and fiscal consolidation. Both the fulfilment of the pre-conditions and the achievement of those objectives should be regularly monitored by the Commission and the EEAS.

    (21) A pre-condition for granting the Union’s macro-financial assistance should be that Jordan respects effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems in Jordan and promote structural reforms aimed at supporting sustainable and inclusive growth, employment creation, and fiscal consolidation and policies. Both the fulfilment of the pre-conditions and the achievement of those objectives should be regularly monitored by the Commission and the EEAS, which should subsequently be reported to the European Parliament. The Union should encourage Jordan’s efforts toward economic diversification and sustainability, particularly in sectors such as renewable energy, technology  and digital services, in order to reduce its reliance on tourism and chemical exports and to enhance long-term resilience.

    Amendment  5

     

    Proposal for a decision

    Recital 27

     

    Text proposed by the Commission

    Amendment

    (27) The Union’s macro-financial assistance should be subject to economic policy conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Jordanian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Jordan, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

    (27) The Union’s macro-financial assistance should be subject to clear and measurable economic, as well as democracy, rule of law and human rights policy conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Jordanian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Jordan, the examination procedure should apply to the adoption of the Memorandum of Understanding, including clear and measurable benchmarks to evaluate the implementation of each instalment, and to any reduction, suspension or cancellation of the assistance.

    Amendment  6

     

    Proposal for a decision

    Article 2 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. The Commission and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life cycle of the Union’s macro-financial assistance..

    2. The Commission and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life cycle of the Union’s macro-financial assistance in a transparent process in which independent third parties are able to contribute meaningfully. The Commission and the EEAS shall also report, both regularly and in writing, to the European Parliament and to the Council on the fulfilment of the pre-condition referred to in paragraph 1.

    Amendment  7

     

    Proposal for a decision

    Article 3 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Jordan, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, the development of rules-based and fair trade, and other priorities in the context of the Union’s external policy shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission.

    2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Jordan, including for the use of the Union’s macro-financial assistance. This shall include the publication of regular and detailed reports by the Jordanian government on the use of funds, specifying allocations for key sectors such as healthcare, education, and infrastructure, ensuring public access to such information. Progress in public services, mutual market opening, the development of rules-based and fair trade, and other priorities in the context of the Union’s external policy, including those related to democracy, rule of law and human rights, shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission and the EEAS, and shall be communicated to the European Parliament.

    Amendment  8

    Proposal for a decision

    Article 4 – paragraph 4

     

    Text proposed by the Commission

    Amendment

    4. Where the conditions referred to in the first subparagraph of paragraph 3 are not met, the Commission shall temporarily suspend or cancel the disbursement of the Union’s macro-financial assistance. In such cases, it shall inform the European Parliament and the Council of the reasons for the suspension or cancellation.

    4. Where the conditions referred to in the first subparagraph of paragraph 3 are not met, the Commission shall temporarily suspend or cancel the disbursement of the Union’s macro-financial assistance. In such cases, it shall inform the European Parliament and the Council of the reasons for the suspension or cancellation and of the subsequent steps.

     

     

    ANNEX: ENTITIES OR PERSONS
    FROM WHOM THE RAPPORTEUR FOR THE OPINION HAS RECEIVED INPUT

    Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur for the opinion received input from the following entities or persons in the preparation of the opinion:

    Entity and/or person

     

    European Commission – DG ECFIN

    The Court of Auditors

    The Ambassador of Jordan to the EU

    Member of the Royal committee to Modernize the Political System in Jordan

    The list above is drawn up under the exclusive responsibility of the rapporteur for the opinion.

    Where natural persons are identified in the list by their name, by their function or by both, the rapporteur for the opinion declares that he has submitted to the concerned natural persons the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.

     

    PROCEDURE – COMMITTEE ASKED FOR OPINION

    Title

    Macro-financial assistance to the Hashemite Kingdom of Jordan

    References

    COM(2024)0159 – C9-0146/2024 – 2024/0086(COD)

    Committee(s) responsible

    INTA

     

     

     

    Opinion by

     Date announced in plenary

    AFET

    25.4.2024

    Rapporteur for the opinion

     Date appointed

    Malik Azmani

    14.10.2024

    Date adopted

    30.1.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    54

    11

    6

    Members present for the final vote

    Mika Aaltola, Lucia Annunziata, Petras Auštrevičius, Jordan Bardella, Dan Barna, Wouter Beke, Robert Biedroń, Ioan-Rareş Bogdan, Marc Botenga, Grzegorz Braun, Sebastião Bugalho, Danilo Della Valle, Özlem Demirel, Elio Di Rupo, Michael Gahler, Geadis Geadi, Giorgos Georgiou, Raphaël Glucksmann, Bernard Guetta, Rima Hassan, Rasa Juknevičienė, Sandra Kalniete, Łukasz Kohut, Rihards Kols, Andrey Kovatchev, Vilis Krištopans, Nathalie Loiseau, Claudiu Manda, David McAllister, Sven Mikser, Francisco José Millán Mon, Arkadiusz Mularczyk, Leoluca Orlando, Kostas Papadakis, Tonino Picula, Nacho Sánchez Amor, Andreas Schieder, Alexander Sell, Villy Søvndal, Davor Ivo Stier, Sebastiaan Stöteler, Stanislav Stoyanov, Marie-Agnes Strack-Zimmermann, Michał Szczerba, António Tânger Corrêa, Marta Temido, Cristian Terheş, Riho Terras, Hermann Tertsch, Pierre-Romain Thionnet, Sebastian Tynkkynen, Reinier Van Lanschot, Roberto Vannacci, Hilde Vautmans, Harald Vilimsky, Željana Zovko

    Substitutes present for the final vote

    Malik Azmani, Engin Eroglu, Sandra Gómez López, Evin Incir, András László, Ana Catarina Mendes, Hans Neuhoff, Nicolás Pascual de la Parte, Tineke Strik, Ingeborg Ter Laak, Matej Tonin, Ivaylo Valchev, Isabel Wiseler-Lima, Milan Zver

    Members under Rule 216(7) present for the final vote

    Catarina Vieira

     

    FINAL VOTE BY ROLL CALL IN COMMITTEE ASKED FOR OPINION

    54

    +

    ECR

    Geadis Geadi, Rihards Kols, Arkadiusz Mularczyk, Cristian Terheş, Ivaylo Valchev

    PPE

    Mika Aaltola, Wouter Beke, Ioan-Rareş Bogdan, Sebastião Bugalho, Michael Gahler, Rasa Juknevičienė, Sandra Kalniete, Łukasz Kohut, Andrey Kovatchev, David McAllister, Francisco José Millán Mon, Nicolás Pascual de la Parte, Davor Ivo Stier, Michał Szczerba, Ingeborg Ter Laak, Riho Terras, Matej Tonin, Isabel Wiseler-Lima, Željana Zovko, Milan Zver

    PfE

    András László

    Renew

    Petras Auštrevičius, Malik Azmani, Dan Barna, Engin Eroglu, Bernard Guetta, Nathalie Loiseau, Marie-Agnes Strack-Zimmermann, Hilde Vautmans

    S&D

    Lucia Annunziata, Robert Biedroń, Elio Di Rupo, Raphaël Glucksmann, Sandra Gómez López, Evin Incir, Claudiu Manda, Ana Catarina Mendes, Sven Mikser, Tonino Picula, Nacho Sánchez Amor, Andreas Schieder, Marta Temido

    The Left

    Özlem Demirel, Rima Hassan

    Verts/ALE

    Leoluca Orlando, Villy Søvndal, Tineke Strik, Reinier Van Lanschot, Catarina Vieira

     

    11

    ECR

    Sebastian Tynkkynen

    NI

    Grzegorz Braun, Kostas Papadakis

    PfE

    Jordan Bardella, Vilis Krištopans, Sebastiaan Stöteler, António Tânger Corrêa, Hermann Tertsch, Pierre-Romain Thionnet, Roberto Vannacci, Harald Vilimsky

     

    6

    0

    ESN

    Hans Neuhoff, Alexander Sell, Stanislav Stoyanov

    The Left

    Marc Botenga, Danilo Della Valle, Giorgos Georgiou

     

    Key to symbols:

    + : in favour

     : against

    0 : abstention

     

     

     

     

    PROCEDURE – COMMITTEE RESPONSIBLE

    Title

    Macro-financial assistance to the Hashemite Kingdom of Jordan

    References

    COM(2024)0159 – C9-0146/2024 – 2024/0086(COD)

    Date submitted to Parliament

    8.4.2024

     

     

     

    Committee(s) responsible

    INTA

     

     

     

    Committees asked for opinions

     Date announced in plenary

    AFET

    25.4.2024

     

     

     

    Rapporteurs

     Date appointed

    Céline Imart

    30.9.2024

     

     

     

    Discussed in committee

    14.10.2024

    30.1.2025

     

     

    Date adopted

    20.3.2025

     

     

     

     

    BUDG

    29.1.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    35

    2

    3

    Members present for the final vote

    Christophe Bay, Brando Benifei, Anna Bryłka, Udo Bullmann, Benoit Cassart, Markéta Gregorová, Bart Groothuis, Céline Imart, Karin Karlsbro, Bernd Lange, Ilia Lazarov, Thierry Mariani, Javier Moreno Sánchez, Ştefan Muşoiu, Daniele Polato, Majdouline Sbai, Lukas Sieper, Dominik Tarczyński, Francesco Torselli, Kathleen Van Brempt, Jörgen Warborn, Iuliu Winkler, Bogdan Andrzej Zdrojewski, Juan Ignacio Zoido Álvarez

    Substitutes present for the final vote

    Mika Aaltola, Nicolas Bay, Markus Buchheit, João Cotrim De Figueiredo, Danilo Della Valle, Borja Giménez Larraz, Vicent Marzà Ibáñez, Marina Mesure, Martin Schirdewan, Kris Van Dijck

    Members under Rule 216(7) present for the final vote

    Hildegard Bentele, Mélanie Disdier, Niels Geuking, Chloé Ridel, Romana Tomc, Matthieu Valet

    Date tabled

    24.3.2025

     

    FINAL VOTE BY ROLL CALL BY THE COMMITTEE RESPONSIBLE

    35

    +

    ECR

    Daniele Polato, Dominik Tarczyński, Francesco Torselli, Kris Van Dijck

    NI

    Lukas Sieper

    PPE

    Mika Aaltola, Hildegard Bentele, Niels Geuking, Borja Giménez Larraz, Céline Imart, Ilia Lazarov, Romana Tomc, Jörgen Warborn, Iuliu Winkler, Bogdan Andrzej Zdrojewski, Juan Ignacio Zoido Álvarez

    PfE

    Christophe Bay, Anna Bryłka, Mélanie Disdier, Thierry Mariani, Matthieu Valet

    Renew

    Benoit Cassart, João Cotrim De Figueiredo, Bart Groothuis, Karin Karlsbro

    S&D

    Brando Benifei, Udo Bullmann, Bernd Lange, Javier Moreno Sánchez, Ştefan Muşoiu, Chloé Ridel, Kathleen Van Brempt

    Verts/ALE

    Markéta Gregorová, Vicent Marzà Ibáñez, Majdouline Sbai

     

    2

    ECR

    Nicolas Bay

    ESN

    Markus Buchheit

     

    3

    0

    The Left

    Danilo Della Valle, Marina Mesure, Martin Schirdewan

     

    Key to symbols:

    + : in favour

     : against

    0 : abstention

     

     

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – The impact of red tape on European competitiveness – E-001084/2025

    Source: European Parliament

    Question for written answer  E-001084/2025
    to the Commission
    Rule 144
    Nora Junco García (ECR), Diego Solier (ECR)

    The recent study by the ifo Institute in Germany confirms what the European business sector has been denouncing for years: the bureaucratic burden imposed by national and European regulations is stifling competitiveness and economic growth. The figures are stark.

    German workers spend 22 % of their time on administrative tasks, at a cost of EUR 150 billion per year.

    This structural problem is the result of an administration obsessed with control and regulation. Instead of facilitating business development, the EU imposes regulations that slow down innovation, discourage investment and force companies to divert valuable resources towards complying with unnecessary administrative requirements.

    The Commission’s ‘Competitiveness Compass’ is another example of the disconnection between economic reality and EU bureaucracy. Grand statements about reducing administrative burdens do not translate into real changes. SMEs, Europe’s economic engine, suffer the consequences of these short-sighted policies. The proof of this is the AI Act, the excessive regulation of which will hamper European technological development while the US and China move ahead unimpeded.

    • 1.Does the Commission recognise that its regulatory policy is damaging European competitiveness and encouraging relocation?
    • 2.What concrete steps will it take to ensure that cutting red tape is real and not merely a declaration of intent?
    • 3.How will the Commission ensure that regulations such as the AI Act do not stifle technological development in Europe?

    Submitted: 13.3.2025

    Last updated: 24 March 2025

    MIL OSI Europe News

  • MIL-OSI Security: NEWARK EXPEDITER ADMITS CONSPIRING TO GIVE BRIBES TO NEWARK OFFICIALS AND OTHER FRAUD

    Source: Office of United States Attorneys

    NEWARK, N.J. – A Newark-based expediter today admitted to conspiring to give bribes to Newark public officials, including then-Newark Councilmember Joseph A. McCallum, Jr., in connection with real estate development and construction-related transactions and conspiring with others to create and sell falsified documents supposedly issued by the City of Newark in connection with development, construction, rental or sale of such properties in Newark. Baxter also admitted to feigning the need to pay a bribe to a Newark official to fraudulently obtain money for himself and participating in a separate scheme to fraudulently obtain federal COVID-19 Paycheck Protection Program (PPP) loans, U.S. Attorney John Giordano announced.

    Lamont Baxter, 49, pleaded guilty before U.S. District Judge William J. Martini to seven counts in an information charging him with conspiring to give bribes to Newark officials, giving bribes to McCallum in connection with a developer’s real estate transactions, committing wire fraud in connection with a purported cash bribe payment, conspiring to commit wire fraud in connection with falsifying documents purportedly issued by the City of Newark, and committing wire fraud to obtain PPP loans.  

    According to documents filed in these cases and statements made in court:

    As an expediter on real estate and construction matters in Newark, from 2017 through August 2022, Baxter served as a liaison between Newark officials and agencies and individuals seeking permits, Certificates of Continued Occupancy (CCO), Certificates of Code Compliance (CCC), approvals and other actions on an expedited basis. To provide these expediting services, for years, Baxter conspired with others, including developers, to pay cash bribes to various Newark officials so that these officials completed the official acts that Baxter requested on behalf of the developers and others.  Baxter would often use the term “taking care of” a Newark official to indicate to a developer when additional cash or extra payment was needed to be added to official fees charged by Newark so that Baxter could use the extra money to bribe a Newark official, such as an official handling the issuance of a CCC.

    In addition to paying bribes to Newark officials on behalf of others, Baxter also once fraudulently obtained a $10,000 cash payment for himself by falsely indicating to his developer client that the cash was needed to pay a bribe to a Newark official. In that instance, Baxter kept the entire payment for himself and simply pretended that he had given the payment to a Newark Official.

    Part of Baxter’s participation in the bribery schemes included delivering cash bribes exceeding $5,000 from 2019 to 2020 to then-Councilmember McCallum on behalf of a Newark developer who sought and obtained McCallum’s official assistance in obtaining approvals for real estate projects in Newark. On March 15, 2022, before Judge William J. Martini, McCallum admitted receiving bribes while serving as a Councilmember and a director of the Newark Community Economic Development Corporation, as part of his guilty plea to wire fraud for devising a scheme to defraud Newark and of the right to McCallum’s honest services and subscribing to a false personal tax return for calendar year 2018.

    Part of Baxter’s expediting services from 2017 to August 2022, included conspiring with others to create and deliver falsified and fraudulent CCOs, CCCs, and certificates of approval issued by the City of Newark notifying a utility that was to provide electricity for a property that the required inspection had been conducted at the property (known as “cut-in cards”) to individuals who needed these official documents in relation to the development, construction, rental or sale of properties in Newark.  Baxter and others used this scheme to fraudulently obtain payments from the individuals who required these official documents from the City of Newark.

    Baxter also used the various entities he incorporated to obtain payments as an expediter to facilitate a scheme to fraudulently obtain PPP loans during the COVID-19 pandemic.  In 2020 and 2021, Baxter participated in preparing and submitting fraudulent PPP loan applications that included false tax forms and documents and contained false information on the application forms, concerning, among other things, the companies’ gross revenue.  As part of this scheme, Baxter even attempted to obtain a PPP loan for a lounge that he did not actually own and control, pretending to be its owner. As a result of his fraudulent scheme, Baxter obtained over $40,000 in PPP loan funds.  

    The conspiracy to commit bribery charge in Count 1 of the information to which Baxter pleaded guilty carries a maximum penalty of 5 years in prison and the bribery charge in Count 2 to which Baxter pleaded guilty carries a maximum penalty of 10 years in prison. The wire fraud and wire fraud conspiracy charges in Counts 3 through 7 to which Baxter pleaded guilty each carry a maximum penalty of 20 years in prison. All of the charges carry a maximum fine of $250,000, or twice the pecuniary gain to the defendant or loss to the victims, whichever is greater. Sentencing for Baxter is scheduled for August 12, 2025 at 11 a.m.

    U.S. Attorney Giordano credited special agents of the FBI’s Newark Field Office, under the direction of Special Agent in Charge in Newark Terence G. Reilly in Newark; special agents of IRS-Criminal Investigation, under the direction of Special Agent in Charge Jenifer L. Piovesan, and special agents of the U.S. Department of Housing and Urban Development, Office of Inspector General, under the direction of Special Agent in Charge Shawn Rice, with the investigation leading to today’s guilty plea by Baxter.

    The government is represented by Deputy Chief Jihee G. Suh and Assistant U.S. Attorney Francesca Liquori of the U.S. Attorney’s Office’s Special Prosecutions Division and Chief Katherine Calle of the U.S. Attorney’s Office’s Opioid Unit.

    All other co-conspirators identified in the Information are presumed innocent until proven guilty.

                                                     ###

    Defense counsel: John A. McMahon, Esq. 

    MIL Security OSI

  • MIL-OSI Security: Latest IAEA Reports Confirm Japan’s ALPS Treated Water Release Continues to Meet International Safety Standards

    Source: International Atomic Energy Agency – IAEA

    The discharge of treated water from Japan’s Fukushima Daiichi Nuclear Power Station (FDNPS) is proceeding in line with international safety standards, the International Atomic Energy Agency (IAEA) Task Force confirmed today in its third report since the water discharge began in August 2023.

    During its mission to Japan from December 9 to 12, 2024, the Task Force assessed the technical and regulatory aspects of the ALPS-treated water discharge. This included an on-site visit to the FDNPS facility to directly observe the equipment and infrastructure installed by Japan’s Tokyo Electric Power Company (TEPCO), the operator of the FDNPS for the water discharge. The report also summarised the Task Force’s discussions with the Nuclear Regulation Authority (NRA), Japan’s Ministry of Foreign Affairs (MOFA) and Ministry of Economy, Trade and Industry (METI).

    The Task Force report reaffirmed the findings of the IAEA’s comprehensive safety review, stating that its overall conclusions remain consistent with those from its first and second missions conducted after the discharge began. It emphasized that Japan’s NRA has maintained a comprehensive inspection plan, including onsite monitoring to ensure the safety of the water that is discharged. Additionally, the Task Force confirmed that the equipment and facilities are operating in accordance with relevant international safety standards.

    In the IAEA Comprehensive Report on the Safety Review of the ALPS-Treated Water at the Fukushima Daiichi Nuclear Power Station that was released in July 2023 prior to the discharge, the IAEA found Japan’s approach to discharging the treated water to be consistent with international safety standards. It also said that the discharges as planned would have a negligible radiological impact to people and the environment. The IAEA Task Force has carried out eight missions as part of the safety review since the beginning of the IAEA’s multiyear review that began two years before the water discharge.

    Today’s report also reviewed the IAEA’s ongoing independent verification of Japan’s monitoring programs, as well as onsite sampling and analysis conducted by IAEA experts at FDNPS since July 2023, when Director General Rafael Mariano Grossi established an IAEA office at the site. The IAEA’s onsite laboratory has analyzed the first eleven water discharges, confirming that the tritium concentration in each batch of diluted ALPS-treated water remains well below Japan’s operational limit consistent with international safety standards.

    The Task Force noted the importance of the IAEA’s ongoing corroboration activities and the IAEA onsite independent sampling and analyses in providing a comprehensive, transparent and independent verification of the accuracy and reliability of the data reported by TEPCO and the Government of Japan.

    Interlaboratory Comparisons

    The IAEA has also released reports today on two interlaboratory comparisons (ILCs) for determining radionuclides in ALPS-treated water and in marine environmental samples collected from near to FDNPS, part of the Agency’s comprehensive monitoring and assessment efforts.

    ILCs involve multiple laboratories independently analyzing samples, then reporting their results to the IAEA for evaluation to assess their reliability and accuracy.

    One report presents the findings from an ILC based on samples collected during a mission in October 2023 when the IAEA, with experts from third-party laboratories, observed Japan’s collection and pretreatment of samples of seawater, sediment, fish and seaweed from coastal and offshore locations and a fish market close to FDNPS. Laboratories in Canada, China and the Republic of Korea, as well as the IAEA’s laboratories in Austria and Monaco, analysed the samples and reported the results to the IAEA for intercomparison.

    The IAEA report confirms that Japan’s methods for sampling follow the appropriate methodological standards and that Japanese laboratories have reported accurate results that demonstrate a high degree of proficiency. The IAEA notes that these findings provide confidence in Japan’s capability for conducting reliable and high-quality monitoring related to the discharge of ALPS treated water.

    The second ILC report, also released today, corroborates Japan’s source monitoring of ALPS treated water from the eighth batch prior to discharge  in August last year. Water sampled from the tanks was analysed in laboratories in China, the Republic of Korea, Switzerland and the United States, as well as in the IAEA laboratories. Following assessment of the results submitted, the IAEA said the findings provide confidence in TEPCO’s capability for conducting reliable and high-quality source monitoring.

    Corroboration of Internal Exposure Monitoring

    Additionally, the Agency released a report today confirming that TEPCO is accurately monitoring the internal radiation exposure of workers handling ALPS-treated water.

    The report presents the findings from ILCs organized by the IAEA last year, which corroborated results from IAEA, French and Japanese laboratories. The findings highlight that TEPCO has demonstrated both a high level of accuracy in their measurements and strong technical competence. A report focusing on external radiation exposure monitoring was published in November 2024.

    All reports, as well as additional information such as frequently asked questions and a timeline of activities, can be found on the IAEA’s Fukushima Daiichi ALPS Treated Water Discharge webpage.

    MIL Security OSI

  • MIL-OSI Europe: Answer to a written question – Air quality in Italy – E-000385/2025(ASW)

    Source: European Parliament

    The Commission monitors closely the implementation of the Ambient Air Quality Directives[1]. Since 2005, the estimated number of premature deaths attributable to exposure to fine particulate matter in Italy has reduced significantly[2], also thanks to the Commission’s enforcement action, but significant implementation gaps remain across Italy.

    Two rulings of the Court of Justice of the European Union established that Italy breached Directive 2008 /50/EC because of systematic exceedances of the limit values for Particulate Matter ( PM10) and Nitrogen dioxide (NO2) and because it did not adopt appropriate measures to keep the exceedance period as short as possible.

    Progress is being closely monitored by the Commission in the framework of the annual reporting on ambient air quality and through periodic meetings with the Italian authorities.

    Given that the breaches of Directive 2008/50/EC found by the Court in Case C-644/18[3] as regards PM10 persist, the Commission issued a letter of formal notice to Italy pursuant to Article 260 of the Treaty on the Functioning of the European Union on 13 March 2024.

    The Commission is currently assessing Italy’s replies to that letter as well as the actions taken by the Italian authorities to execute the Court’s judgment in Case C-573/19[4] as regards NO2.

    Additionally, it is assessing Italy’s replies to the letter of formal notice issued in 2020[5] as regards the exceedances of PM2.5.

    • [1] Directive 2004/107/EC of the European Parliament and of the Council of 15 December 2004 relating to arsenic, cadmium, mercury, nickel and polycyclic aromatic hydrocarbons in ambient air, OJ L 23, 26.1.2005, p. 3-16; Directive 2008/50/EC of the European Parliament and of the Council of 21 May 2008 on ambient air quality and cleaner air for Europe, OJ L 152, 11.6.2008, p. 1-44.
    • [2] https://www.eea.europa.eu/en/analysis/indicators/health-impacts-of-exposure-to
    • [3] Judgment of the Court of 10 November 2020 — European Commission v Italian Republic (Case C-644/18), https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:62018CJ0644
    • [4] Judgment of the Court of 12 May 2022 — European Commission v Italian Republic (Case C-573/19), https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:62019CA0573
    • [5] INFR(2020)2299,  https://ec.europa.eu/commission/presscorner/detail/EN/INF_20_1687
    Last updated: 24 March 2025

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: Make in India Powers Defence Growth

    Source: Government of India (2)

    Make in India Powers Defence Growth

    Production hit ₹1.27 lakh crore in FY 2023-24, Exports cross ₹21,000 crore

    Posted On: 24 MAR 2025 7:19PM by PIB Delhi

    Summary

    India’s defence production reached ₹1.27 lakh crore in FY 2023-24, marking a 174% rise since 2014-15, driven by the Make in India initiative.

    Defence exports hit a record ₹21,083 crore in FY 2023-24, expanding 30 times in a decade, with exports to 100+ countries.

    Initiatives like iDEX and SAMARTHYA are driving technological advancements in AI, cyber warfare, and indigenous weapon systems.

    14,000+ items indigenised under SRIJAN and 3,000 under Positive Indigenisation Lists.

    India aims for ₹3 lakh crore in production, ₹50,000 crore in exports by 2029.

    Summary

    Introduction

    India’s defence production has grown at an extraordinary pace since the launch of the “Make in India” initiative, reaching a record ₹1.27 lakh crore in FY 2023-24. Once dependent on foreign suppliers, the country now stands as a rising force in indigenous manufacturing, shaping its military strength through homegrown capabilities. This shift reflects a strong commitment to self-reliance, ensuring that India not only meets its security needs but also builds a robust defence industry that contributes to economic growth.

    Strategic policies have fuelled this momentum, encouraging private participation, technological innovation, and the development of advanced military platforms. The surge in the defence budget, from ₹2.53 lakh crore in 2013-14 to ₹6.81 lakh crore in 2025-26, underlines the nation’s determination to strengthen its military infrastructure.

    This commitment to self-reliance and modernisation is reflected in the recent approval by the Cabinet Committee on Security (CCS) for the procurement of the Advanced Towed Artillery Gun System (ATAGS), a significant step in enhancing the Army’s firepower. The deal includes 307 units of 155mm/52 caliber guns along with 327 High Mobility 6×6 Gun Towing Vehicles, equipping 15 Artillery Regiments under the Buy Indian–Indigenously Designed, Developed, and Manufactured (IDDM) category, at an estimated cost of ₹7,000 crore. Developed by DRDO with Bharat Forge and Tata Advanced Systems, ATAGS is a cutting-edge artillery system with a 40+ km range, advanced fire control, precision targeting, automated loading, and recoil management, thoroughly tested by the Indian Army in all terrains.

    With modern warships, fighter jets, artillery systems, and cutting-edge weaponry being built within the country, India is now a key player in the global defence manufacturing landscape.

     

    Surge in Indigenous Defence Production

    India has achieved the highest-ever growth in indigenous defence production in value terms during Financial Year (FY) 2023-24, driven by the successful implementation of government policies and initiatives led by Prime Minister Shri Narendra Modi, focusing on attaining Atmanirbharta. The value of defence production has surged to a record high of ₹1,27,265 crore, marking an impressive 174% increase from ₹46,429 crore in 2014-15, according to data from all Defence Public Sector Undertakings (DPSUs), other public sector units manufacturing defence items, and private companies.

    This growth has been bolstered by the Make in India initiative, which has enabled the development of advanced military platforms including the Dhanush Artillery Gun System, Advanced Towed Artillery Gun System (ATAGS), Main Battle Tank (MBT) Arjun, Light Specialist Vehicles, High Mobility Vehicles, Light Combat Aircraft (LCA) Tejas, Advanced Light Helicopter (ALH), Light Utility Helicopter (LUH), Akash Missile System, Weapon Locating Radar, 3D Tactical Control Radar, and Software Defined Radio (SDR), as well as naval assets like destroyers, indigenous aircraft carriers, submarines, frigates, corvettes, fast patrol vessels, fast attack craft, and offshore patrol vessels.

     

    Key points:

    • 65% of defence equipment is now manufactured domestically, a significant shift from the earlier 65-70% import dependency, showcasing India’s self-reliance in defence.

     

    • A robust defence industrial base includes 16 DPSUs, over 430 licensed companies, and approximately 16,000 MSMEs, strengthening indigenous production capabilities.

     

    • The private sector plays a crucial role, contributing 21% to total defence production, fostering innovation and efficiency.

     

    • India targets ₹3 lakh crore in defence production by 2029, reinforcing its position as a global defence manufacturing hub.

    Unprecedented Growth in Defence Exports

    India’s expanding global footprint in defence manufacturing is a direct result of its commitment to self-reliance and strategic policy interventions. Defence exports have surged from ₹686 crore in FY 2013-14 to an all-time high of ₹21,083 crore in FY 2023-24, marking a 30-fold increase over the past decade.

    Key points:

     

    • Defence exports have grown 21 times, from ₹4,312 crore in the 2004-14 decade to ₹88,319 crore in the 2014-24 decade, highlighting India’s expanding role in the global defence sector.

     

    • Defence exports surged by 32.5% year-on-year, rising from ₹15,920 crore in FY 2022-23 to ₹21,083 crore in FY 2023-24.

     

    • India’s diverse export portfolio includes bulletproof jackets, Dornier (Do-228) aircraft, Chetak helicopters, fast interceptor boats, and lightweight torpedoes.
    • Notably, ‘Made in Bihar’ boots are now part of the Russian Army’s gear, highlighting India’s high manufacturing standards.

     

    • India now exports defence equipment to over 100 countries, with the USA, France, and Armenia emerging as the top buyers in 2023-24.

     

    • The government aims to achieve ₹50,000 crore in defence exports by 2029, reinforcing India’s role as a global defence manufacturing hub while boosting economic growth.

     

    Innovations for Defence Excellence (iDEX)

    Launched in April 2018, Innovations for Defence Excellence (iDEX) has created a thriving ecosystem for innovation and technology development in defence and aerospace. By engaging MSMEs, startups, individual innovators, R&D institutes, and academia, iDEX has provided grants of up to ₹1.5 crore for developing innovative technologies. To further enhance self-reliance in defence technology, ₹449.62 crore has been allocated to iDEX, including its sub-scheme Acing Development of Innovative Technologies with iDEX (ADITI), for 2025-26. As of February 2025, 549 problem statements have been opened, involving 619 startups and MSMEs, with 430 iDEX contracts signed.

     

     

    The scheme has three key objectives:

     

    1. Facilitate rapid development of new, indigenised, and innovative technologies for the Indian Defence and Aerospace sector, to meet their needs in a shorter time span.

     

    1. Create a culture of engagement with innovative startups, to encourage co-creation for Defence and Aerospace sectors.

     

    1. Empower a culture of technology co-creation and co-innovation within the Defence and Aerospace sectors.

     

    The recently launched ADITI scheme aims to support critical and strategic technologies such as satellite communication, advanced cyber technology, autonomous weapons, semiconductors, artificial intelligence, quantum technology, nuclear technologies, and underwater surveillance. Under this scheme, grants of up to ₹25 crore are provided to innovators.

    Reinforcing its commitment to supporting startups and MSMEs, the Ministry of Defence has also cleared procurement of 43 items worth over ₹2,400 crore from iDEX startups and MSMEs for the Armed Forces as of February 2025. Additionally, projects worth over ₹1,500 crore have been approved for development.

    SAMARTHYA: Showcasing India’s Defence Indigenisation

    The success story of indigenisation and innovation in the defence sector was highlighted at the Aero India 2025 event ‘SAMARTHYA’, which showcased India’s progress in defence manufacturing. The event featured 33 major indigenised items, including 24 developed by Defence Public Sector Undertakings (DPSUs), the Defence Research and Development Organisation (DRDO), and the Indian Navy, along with nine successful innovation projects from iDEX.

    Among the key indigenised items displayed were:

    • Electro Block of the Anti-Aircraft Machine Gun
    • Electric Mobile Part for Submarines
    • Torsion Bar Suspension for HMV 6×6
    • Extruded Aluminium Alloy for LCA MK-I/II and LCH Components
    • Indian High-Temperature Alloy (IHTA)
    • VPX-135 Single Board Computer
    • Naval Anti-Ship Missile (Short Range)
    • RudraM II Missile
    • C4ISR System
    • DIFM R118 Electronic Warfare Systems

     

    The event further highlighted breakthroughs in AI-driven analytical platforms, next-generation surveillance systems, quantum-secure communication technologies, and counter-drone measures. Innovations like the 4G/LTE TAC-LAN, Quantum Key Distribution (QKD) system, Smart Compressed Breathing Apparatus, and Advanced Autonomous Systems for the Armed Forces reflect India’s evolving defence landscape.

    Efforts are ongoing to bridge the gap between the Indian Army’s operational challenges and the innovative solutions developed by academia, industry startups, and research institutions. Additionally, the focus remains on conducting multi-domain operations in a data-centric environment, especially in light of emerging transformative technologies.

    SAMARTHYA stands as a testament to India’s commitment to self-reliance in defence technology, reinforcing its ability to develop advanced, home-grown solutions for national security.

     

    Advancing Self-Reliance

    India’s pursuit of self-reliance in defence manufacturing has significantly reduced its dependence on foreign suppliers. Through strategic policies and indigenous innovation, the country is developing cutting-edge military platforms, strengthening both national security and economic growth.

     

     

    Self-Reliant Initiatives through Joint Action (SRIJAN)

    • Launched by the Department of Defence Production (DDP) in August 2020 to promote indigenisation under Atmanirbhar Bharat.
    • Serves as a common platform for Defence Public Sector Undertakings (DPSUs) and the Armed Forces (SHQs) to list imported items for domestic manufacturing.
    • As of February 2025, over 38,000 items are available, with more than 14,000 successfully indigenised.

     

    Positive Indigenisation Lists (PILs)

    • The Department of Defence Production (DDP) and the Department of Military Affairs (DMA) have issued five Positive Indigenisation Lists (PILs) for LRUs, assemblies, sub-assemblies, sub-systems, spares, components, and high-end materials.
    • These lists set fixed timelines beyond which procurement will be restricted to domestic manufacturers.
    • Out of over 5,500 items listed, more than 3,000 have been indigenised as of February 2025.
    • Key indigenised technologies include artillery guns, assault rifles, corvettes, sonar systems, transport aircraft, light combat helicopters (LCHs), radars, wheeled armoured platforms, rockets, bombs, armoured command post vehicles, and armoured dozers.

     

     

    Defence Industrial Corridors

    • Two Defence Industrial Corridors (DICs) have been set up in Uttar Pradesh and Tamil Nadu to boost defence manufacturing. These corridors provide incentives to companies investing in the sector.
    • Investments worth more than Rs 8,658 crore have already been made in the 6 nodes of UP viz. Agra, Aligarh, Chitrakoot, Jhansi, Kanpur and Lucknow and 5 nodes of Tamil Nadu viz. Chennai, Coimbatore, Hosur, Salem and Tiruchirappalli.
    • As of February 2025, 253 MoUs have been signed, with a potential investment of ₹53,439 crore.

    Ease of Doing Business (EoDB)

    • The government has introduced several measures to improve ease of doing business in the defence manufacturing sector.
    • The validity of export authorisation for parts and components has been extended from two years to the completion of the order or component, whichever is later.
    • In 2019, the Defence Product List was streamlined to reduce the number of items requiring a manufacturing licence.
    • Parts and components of defence items were de-licensed in September 2019 to encourage investment.
    • The validity of defence licences under the Industries (Development and Regulation) Act, 1951, has been extended from three years to 15 years, with a further extension option of up to 18 years.
    • Over 700 industrial licences have been issued to 436 companies in the defence sector.
    • The introduction of an end-to-end digital export authorisation system has improved efficiency, with more than 1,500 authorisations issued in the last financial year.

     

    MAKE Projects: Driving Indigenous Defence Innovation

    The MAKE procedure was first introduced in the Defence Procurement Procedure (DPP-2006) to promote indigenous design and development in the defence sector. Over the years, it has been simplified and streamlined through revisions in 2016, 2018, and 2020, ensuring faster development of defence equipment, systems, and components by both public and private industries.

    MAKE projects have been divided into three categories:

    MAKE-I (Government Funded)

     

    • Up to 70% government funding for prototype development (capped at ₹250 crore per Development Agency).
    • Minimum 50% Indigenous Content (IC) required.

     

    MAKE-II (Industry Funded)

     

    • Focuses on import substitution, encouraging domestic industries to develop critical defence systems.
    • No government funding, with a minimum 50% Indigenous Content (IC) requirement.

     

    MAKE-III (Manufactured in India through Transfer of Technology – ToT)

     

    • Involves manufacturing in India under Technology Transfer (ToT) from Foreign OEMs.
    • No design and development but require a minimum of 60% Indigenous Content (IC).

     

    Key points:

     

    • As of March 24, 2025, a total of 145 projects have been undertaken under the MAKE initiative, with the participation of 171 industries, driving indigenous defence production.

     

    • The initiative includes 40 MAKE-I projects (Government Funded), 101 MAKE-II projects (Industry Funded), and 4 MAKE-III projects (Manufacturing through ToT), strengthening self-reliance in defence manufacturing.

     

    Other Key Initiatives

    In recent years, the Indian government has implemented a series of transformative initiatives aimed at bolstering the country’s defence production capabilities and achieving self-reliance. These measures are designed to attract investment, enhance domestic manufacturing, and streamline procurement processes. From liberalizing foreign direct investment (FDI) limits to prioritizing indigenous production, these initiatives reflect a robust commitment to strengthening India’s defence industrial base. The following points outline the key government initiatives that have been pivotal in driving growth and innovation in the defence sector.

     

    • Liberalized FDI Policy: Foreign Direct Investment (FDI) in the defence sector was liberalised in September 2020 to attract foreign investment, allowing up to 74% FDI through the automatic route and above 74% through the government route. Since April 2000, the total FDI in defence industries stands at $21.74 million.

     

    • TATA Aircraft Complex: Tata Aircraft Complex was inaugurated in Vadodara in October 2024 to manufacture C-295 aircraft, boosting Atmanirbharta in defence with 40 made-in-India aircraft out of 56 under the programme.
    • Manthan: The annual defence innovation event, Manthan, held during Aero India 2025 in Bengaluru, brought together leading innovators, startups, MSMEs, academia, investors, and industry leaders from the defence and aerospace sectors, reaffirming confidence in the government’s commitment to technological advancements and Aatmanirbhar Bharat.
    • Defence Testing Infrastructure Scheme (DTIS): DTIS aims to boost indigenisation by providing financial assistance for setting up eight Greenfield testing and certification facilities in the aerospace and defence sector, with seven test facilities already approved in areas like unmanned aerial systems, electronic warfare, electro-optics, and communications.

     

    • Priority for Domestic Procurement: Emphasis is placed on procuring capital items from domestic sources under the Defence Acquisition Procedure (DAP)-2020.

     

    • Domestic Procurement Allocation: MoD has earmarked 75% of modernisation budget amounting to Rs 1,11,544 crore for procurement through domestic industries during the current Financial Year.

     

    Conclusion

    India’s remarkable strides in defence production and exports underscore its transformation into a self-reliant and globally competitive military manufacturing hub. The combination of strategic policy interventions, increased domestic participation, and a focus on indigenous innovation has significantly strengthened the country’s defence capabilities. The surge in production, the exponential rise in exports, and the success of initiatives like the Make in India reflect India’s commitment to achieving Atmanirbharta in defence. With ambitious targets set for 2029, the nation is poised to further expand its global footprint, reinforcing its position as a dependable partner in the international defence market while enhancing national security and economic growth.

    References:

    Click here to see PDF.

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    Santosh Kumar/ Sarla Meena/ Saurabh Kalia

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: CULMINATION OF BILATERAL NAVAL EXERCISE – VARUNA 2025

    Source: Government of India (2)

    Posted On: 24 MAR 2025 7:03PM by PIB Delhi

    The bilateral naval exercise VARUNA 2025, held from 19 to 22 Mar 25, brought together Indian Navy and the French Navy, underscoring their enduring partnership.

    This edition of the Exercise included exercises ranging across multi domain environments. The structured drills were designed to further fine-tune tactical and operational proficiency in complex scenarios. Advanced Air defence drills with the participation of Rafale-M of the French Navy and MIG-29K of the Indian Navy, simulating realistic combat scenarios, honed the ability of participating units to counter aerial threats jointly. Anti-Submarine Warfare exercises involving Indian submarine and Anti-Submarine frigates of the two forces focused on deepening the understanding and proficiency in underwater domain awareness and tactics. Surface warfare operations involved complex coordinated manoeuvres and simulated engagements, showcasing the combined combat power of the participating fleets. Replenishment At Sea exercises by the two Fleet Tankers proved the logistical interoperability and enhanced mutual support and endurance for sustained operations. This edition of the exercise achieved a higher degree of operational coordination between the two navies than the previous editions.

    The exercise achieved its aim of enhanced Jointmanship and reinforced the shared commitment to upholding the principles of a rules-based maritime order and promoting stability in the Indo-Pacific. The complex drills provided invaluable operational experience, strengthening the collective capacity to address contemporary maritime security challenges. The exercise facilitated the critical exchange of Best Practices, fostering a deeper understanding of each other’s operational doctrines and enhancing the two navies’ ability to operate seamlessly in complex maritime environments. Since its inception, the Varuna exercise has been a cornerstone of India-France defence relations, with both countries recognising the importance of maritime security and collaborative defence efforts. France and India share a strong commitment to safeguarding global Sea lanes and addressing shared maritime security challenges.

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    VM/SPS                                                                                                        65/25

     

     

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    MIL OSI Asia Pacific News