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Category: European Union

  • MIL-OSI Translation: ASIA/LAOS – ASEAN Proposal: An International Conference to Restart Dialogue in Myanmar

    MIL OSI Translation. Region: Italy –

    Source: The Holy See in Italian

    Vientiane (Agenzia Fides) – Reactivating dialogue to aim for a solution to the political crisis in Myanmar and a realistic peace: this is the objective of the international conference that Laos, current president of the “Association of Southeast Asian Nations” (ASEAN) – of which Myanmar is a member – has proposed to organize and host. This is a step to address the crisis and civil conflict that is upsetting Myanmar after the military coup of 2021, which is also having effects on neighboring nations, on a social and economic level but also for the flow of refugees. The conference would be organized by the ASEAN “troika”, composed of Indonesia, Laos and Malaysia, established in September 2023 to continue diplomatic efforts. The announcement was made by Lao Foreign Minister Saleumxay Kommasith at the ASEAN Foreign Ministers’ Meeting in Vientiane on October 3, without specifying the date when the conference would be held. In the aftermath of the coup in 2021, ASEAN leaders issued a “five-point plan” on the situation in Myanmar, calling for: an immediate end to violence; the initiation of constructive dialogue to seek a peaceful solution; the appointment and hosting of an ASEAN special envoy to facilitate the mediation of the dialogue process; the possibility for ASEAN to provide humanitarian assistance; and frequent visits by the ASEAN special invitee to Myanmar to meet with all relevant parties. Some ASEAN member states have not recognised the military government in Myanmar, and Myanmar’s prime minister and foreign minister have been barred from ASEAN summits and ASEAN foreign ministers’ meetings since 2022. “There is no progress in implementing the ASEAN five-point plan. Therefore, Myanmar’s participation in ASEAN foreign ministers’ meetings and summits remains at a non-political level,” said Indonesian Foreign Minister Retno Marsudi. Marsudi said both the military and the resistance forces have refused to participate in the dialogue, a key plank of ASEAN’s proposal: The exiled “National Unity Government” (NUG), formed by a group of lawmakers ousted in the coup, has said it will engage in dialogue with the military only if it stops all violence, releases all political prisoners and agrees to form a federal democratic union. The ruling military junta said on August 22 that it will only consider dialogue if the People’s Defense Force (PDF) – the resistance militias formed after the coup – renounce violence and attacks against the military. After the stalemate lasted for about two years, without any significant progress, in early 2024 – when Laos took over the rotating presidency of ASEAN – the Burmese junta began sending a non-political representative to attend the organization’s summits. Now, with the proposal of the international conference, something is moving again on the level of regional diplomacy. Particular commitment is recorded by the Indonesian Foreign Ministry, which is organizing informal sessions of talks on the civil war in Myanmar in Jakarta, involving representatives of Indonesia, ASEAN, the European Union and the United Nations. Furthermore, after the resistant forces of the “Brotherhood Alliance” took control of the Burmese region bordering China, Beijing – interested in trade and stability in the area – has also become more involved, mediating a ceasefire between the Alliance and the Burmese military government, hoping for “maximum moderation”. (PA) (Agenzia Fides 4/10/2024) Share:

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Russia: San Marino: Staff Concluding Statement of the 2024 Article IV Mission

    Source: IMF – News in Russian

    October 4, 2024

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Washington, DC – October 4, 2024:

    San Marino’s economy remains resilient, supported by a more diversified growth model with manufacturing and the nonfinancial service exporting sectors as key drivers. Prudent fiscal policy and access to international capital markets helped weather the pandemic and energy crises. However, additional fiscal consolidation is warranted given the still high debt level and contingent liabilities from the financial sector. Notwithstanding important progress in resolving legacy issues, further efforts are needed to improve asset quality and strengthen banks’ capitalization and profitability. With the recently negotiated European Union (EU) association agreement, San Marino has a unique opportunity to accelerate much-needed public and financial sector reforms and to further the integration with the EU’s single market to boost confidence in the economy and lift potential growth.

    San Marino’s economic growth remained positive despite adverse external shocks, including a regional slowdown and higher interest rates. After an exceptionally strong post-pandemic recovery in 2021-22, growth slowed in 2023 to 0.4 percent following a decline in external demand. Manufacturing, which has been operating at high levels, has decelerated as export orders declined, in part due to the phase-out of fiscal incentives in Italy and a related slowdown in the construction sector. The strong service sector performance, benefiting from the tourism boom and healthy domestic demand, kept employment growing at a robust pace.

    Growth is projected to edge up in 2024, strengthening further in 2025, as external demand improves. Stronger consumption on the back of rising real wages and higher investment, facilitated by easing financial conditions, will support domestic and external demand next year. However, there are risks ahead. Downside risks are related to the weakening of external demand while remaining vulnerabilities in the financial sector constitute one of the key domestic risks. The underlying strength of the manufacturing sector, the healthy private sector balance sheets, and prompt implementation of the EU association agreement constitute upside risks to the baseline.

    The fiscal position was stronger than expectedlast year but further efforts are needed to ensure sustainability.The government has saved the cyclical tax revenues, kept expenditures in check and primary balance stable in 2023. However, moderate government spending pressures arose in 2024 ―as real spending compression reached its limits and the cost of interest subsidies for the private sector expanded. The public debt-to-GDP ratio continued declining, but its level remains high.

    Additionalfiscal consolidation is needed to mitigate financing risks, build fiscal buffers, and reduce the debt-to-GDP ratio below 60 percent.San Marino is an euroized small open economy with a vulnerable financial sector and limited fiscal buffers. The government’s goal of reducing public debt below 60 percent of GDP over the medium term is an important anchor to guide fiscal policy. To achieve this target a moderate additional fiscal effort totaling 1 percent of GDP over the next three years is recommended through:

    • Designing and implementing a tax reform package introducing a value-added tax (VAT) and broadening the income tax base. With a low tax-to-GDP ratio, introducing a VAT in San Marino can simultaneously enhance fiscal revenues and tax efficiency while minimizing related distortions, increasing fairness and progressivity, and aligning indirect tax procedures with international standards, benefitting the ease of exports. Redesigning tax rebates to avoid overlaps with other exemptions—such as San Marino Card (SMaC) discounts and income tax deductions—can further rationalize the system. The authorities should leverage the technology used for the SMaC in combination with electronic invoicing to mitigate tax avoidance in the new VAT system. Equallyimportant, income tax revenues can be significantly enhanced by rationalizing income tax deductions.
    • Improving the efficiency of public spending.San Marino should shift from real expenditure compression across all spending areas to prioritizing consolidation of spending with low social return. In this context, it will be important to review transfers to the private sector―including interest subsidy programs―to ensure that transfers are more targeted. Reviewing extra-budgetary funds is also needed to rationalize spending. Large investment plans require sound prioritization based on rigorous cost-benefit analyses.
    • Keeping public wages and pensions growth in check. Moderate public wage and pension growth was key to improving the primary balance. Looking forward, given the limited fiscal space, it is critical to avoid public wage and pension growth above domestic inflation.

    Long-term demographic challenges will require additional parametric pension recalibration. The 2022 pension reform has increased contributions, delaying the depletion of the pension fund for a decade. However, ensuring the long-term sustainability of the pension system will require further parametric calibrations to address generous benefits. In addition, there is a need to continue the gradual diversification of the investments of the pension fund towards international markets to mitigate concentration of risks and increase returns.

    The debt management strategy needs strengthening to minimize refinancing risks. The recently published fiscal strategy marks an important advancement in the predictability of fiscal policy and communication with investors, but further efforts are needed to upgrade San Marino’s debt management capacity, including more autonomy to implement the financing plan approved in the budget. To smooth the debt amortization of the Eurobond in 2027, the authorities should consider liability management operations, including smaller international issuances with longer maturities.

    Banks’ liquidity and reported profits improved in 2023, but declining interest margins, high personnel costs, and remaining legacy non-performing loans (NPLs) pose risks going forward. Higher interest rates last year have improved banks’ cyclical profits without deteriorating the quality of loan portfolios, but structural profitability remains low. The safeguarding of profits to increase capital, as requested by the Central Bank, is welcome. However, with limited income-generating assets, high operating costs, and tight reported capitalization in some banks, the financial sector remains vulnerable.

    A speedy adjustment of banks’ costs is a priority to improve long-term viability and capital positions. Most banks’ profitability remains significantly lower than regional peers. The continuing reduction of income-generating assets in recent years has not been followed by a scale-down of banking sector employment. San Marino’s banking system also has the largest number of branches per capita in Europe. With the EU association agreement, the opening of the banking sector will bring new opportunities, but San Marino banks need to improve efficiency to be competitive.

    Important progress has been made in implementing the authorities’ strategy to reduce nonperforming loans (NPLs) through an Asset Management Company (AMC) and calendar provisioning. The write-off of a large NPL position and AMC securitization have reduced the NPL ratio from 53 to 21 percent. The asset recovery of the AMC has progressed better than expected, with the principal of state-guaranteed senior securities declining from 70 to 44½ million euros in the first half of 2024. Meanwhile, calendar provisioning has prompted banks to expedite the recovery and write-offs of NPLs. However, it will be important to improve dissemination of the information about the AMC asset recovery to anticipate and address any bottlenecks. The risk weights for junior securities should be increased faster to reflect the difference between the net book value and the real economic value of NPLs on banks’ balance sheets. Any undercapitalization that could arise from the securitization process and the implementation of calendar provisioning should be promptly addressed with credible capitalization plans. To strengthen CBSM supervisory powers and to help attract external capital, legal limits on banks’ shareholding structure should be lifted.

    The bank resolution framework needs to be updated to widen burden-sharing. The bank resolution law should be updated to gradually complete the alignment with EU standards. The process needs to be coordinated with addressing existing issues in the banking system.

    San Marino should continue to make progress to strengthen its AML/CFT framework. The domestic legal framework was amended in 2023 to incorporate the 5th EU AML Directive and improve technical compliance with the FATF standards. This resulted in an upgrade by MONEYVAL on technical compliance for AML/CFT sanctions regime. The National ML/TF Risk Assessment will be updated next year. San Marino should continue working to enhance the adequacy, accuracy, and up-to-dateness of its central beneficial ownership registry.

    The EU association agreement sets an ambitious financial sector reform agenda. The agreement requires the central bank of San Marino (CBSM) to complete the alignment of the regulatory framework with the EU. To that end, the CBSM will need additional staff and financial resources. The CBSM financial position should be strengthened to safeguard its independence and support financial sector stability through an effective lender of last resort capacity. To comply with EU standards, legacy issues should be addressed, including through a gradual conversion of the perpetual bond owned by the state-owned bank into liquid instruments. Overall, while the banking sector has 15 years to meet the requirements, earlier implementation, as envisaged by the authorities, will boost confidence.

    The conclusion of the EU association negotiations signals strong commitment to deeper integration with the EU and could lift potential growth by accelerating structural reforms. The successful implementation of the agreement is a priority and will support the competitiveness of the manufacturing sector and help consolidate gains in tourism. The authorities should ensure sufficient resources and staff are available to support implementation without undermining the fiscal consolidation path. In addition, further labor market flexibility is needed to improve labor reallocation, including in the banking sector. Real estate market reforms to facilitate price and market information dissemination and foreign ownership, will be key to support NPL resolution. Finaly, the authorities should foster energy safety and green transition, including by allowing households to sell back excess solar generated electricity.

    The mission would like to thank the authorities and other counterparts for their warm hospitality as well as candid and productive discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Boris Balabanov

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/04/cs-san-marino-2024

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Measuring Jersey’s economy: GDP and GVA 202304 October 2024 ​​The latest report presenting estimates of the size and performance of Jersey’s economy in 2023 has been published today by Statistics Jersey. The report presents estimates of the size and performance… Read more

    Source: Channel Islands – Jersey

    04 October 2024

    ​​The latest report presenting estimates of the size and performance of Jersey’s economy in 2023 has been published today by Statistics Jersey.

    The report presents estimates of the size and performance of Jersey’s economy, measured according to an internationally agreed framework. Estimates are provided for calendar year 2023 as well as historical data.

    ​Summary – in 2023

    Gross Domestic Product (GDP)

    • GDP increased by 7.3% in real terms compared with 2022.
    • GDP was £6,575 million.
    • GDP per head of population increased in real terms by 7.0% compared with 2022.
    • GDP per head of population was £63,500.
    • The increases in both GDP and GDP per head of population were above the previous 10-year average.

    Sectoral breakdown – Gross Value Added (GVA) 

    • The annual increase in overall GDP was driven by the financial and insurance activities sector, particularly as a result of increased net interest income in the monetary intermediation (banking) sub-sector.
    • The largest percentage increase in GVA was observed in the financial and insurance activities sector which increased in real terms by 19.4% in 2023. 
    • Excluding the financial and insurance activities sector, the GVA for the rest of the economy increased in real terms by 0.4%.

    Labour productivity

    • Productivity, measured as GVA per full-time equivalent (FTE) worker increased by 8.8% in real terms in 2023.
    • This annual increase was again driven by increased profits in the financial and insurance activities sector which recorded a real-term increase in productivity of 19.8%.

    MIL OSI United Kingdom –

  • MIL-OSI Europe: OSCE donates specialized vehicles and equipment to strengthen Moldovan Border Police

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE donates specialized vehicles and equipment to strengthen Moldovan Border Police

    Donation ceremony of specialized vehicles, analytical software and doculus lumus magnifiers, Chisinau, Moldova, 3 October 2024. (OSCE) Photo details

    The OSCE provided specialized vehicles and equipment to the General Inspectorate of Border Police during a ceremony held on 3 October 2024 in Chisinau, Moldova. This was done in support of Moldova’s efforts in preventing and addressing transnational organized crime.
    The donation includes three K9 specialized vehicles, software, and Doculus Lumus magnifiers, used to check identification documents. These items will improve the Moldovan Border Police’s rapid response capabilities, identify advanced threat and risk analysis, and aid in the detection of forged documents at border crossing points.
    “I am positive that the OSCE donation of specialized vehicles for the K9 Unit, software tools for the Risk Analysis Department, and magnifiers for first-line border officers will further support the Moldovan Border Police in effectively identifying and mitigating threats at the border,” said Izabela Sylwia Hartmann, Deputy Head of the OSCE Mission to Moldova.
    “The specialized vehicles and equipment will enable the Border Police to transport police service dogs efficiently and enhance their capacity to detect and prevent cross-border crimes,” said Siv-Katrine Leirtroe, Head of the Border Security and Management Unit of the OSCE Transnational Threats Department. “Despite increasing challenges, the Moldovan Border Police has demonstrated commendable resilience and unwavering commitment, and we are here to support them in enhancing their operational capabilities.”
    “This donation represents a significant contribution to enhancing our operational capabilities to safeguard the borders of the Republic of Moldova,” said Diana Salcuțan, Deputy Head of the General Inspectorate of Border Police. “We highly appreciate the OSCE’s support in strengthening our ability to combat cross-border crimes and ensure the security and stability of our country and the wider region.”
    As part of its ongoing efforts, the OSCE will facilitate a study visit for the K9 Unit of the Moldovan Border Police to France in November 2024. Training cycles on detecting forged documents with a five-day train-the-trainers courses will also continue in January 2025.
    These assets were donated as part of the “Support to the Law Enforcement Agencies in Moldova in Response to the Security Challenges in the Region” and the “Increasing Operational Awareness of Border Security and Management Officers to Detected Forged Documents and Impostors at border crossing points of the OSCE participating States and Partners for Co-operation” projects. These assets were funded through extra-budgetary assistance from the United States of America.

    MIL OSI Europe News –

  • MIL-OSI Africa: Deputy President confident his working visit will attract international investors

    Source: South Africa News Agency

    Deputy President Paul Mashatile says he is confident that his working visit to the United Kingdom and Ireland will improve trade and investment relations, which have been stagnant for years. 

    The Deputy President spoke during an engagement with the South African Chamber of Commerce (SACC) in London on Thursday. The SACC is an umbrella organisation and conduit for trade, community and investment into and out of South Africa.

    The country’s second-in-command is in the United Kingdom for the second leg of his working visit to improve trade and investment relations between the nations and to woo investors following his travels to Ireland. 

    READ | SA, Ireland eye improved trade

    His interactions were centred on various issues, including the Government of National Unity (GNU), energy, infrastructure, and the measures to foster a favourable environment for trade and investment.

    The country’s second-in-command reiterated that the political environment in South Africa is stable for investment because of the newly established GNU, which has been operational for less than 100 days and is already yielding results.

    “Our numerous meetings with potential investors have revealed a shift in their attitudes and perceptions towards South Africa, indicating an optimistic outlook. 

    “Our alliance, based not on personal sentiments but on the aspiration to enhance South Africa and, consequently, the lives of our citizens, will undoubtedly sustain the GNU administration for five years.” 

    However, he said they will measure the GNU’s success based on the number of employment and entrepreneurs they assist in establishing sustainable enterprises.

    “Businesses hope to continue working with the government in the public-private partnership that has reduced load shedding, improved transport and logistics infrastructure, and strengthened national capacity to combat crime and corruption,” the Deputy President said. 

    Shifting his focus to energy, he stated that investors have demonstrated that ending the load shedding that began in 2007 is the most positive news. 

    “They confirmed that it allows them to conduct business without uncertainty. The elimination of power outages was largely due to a series of measures implemented by the State-owned power utility, Eskom and government over the past two years.”

    He also told the SACC that government was addressing the obstacles in the freight logistics system that continue to impede competitiveness and undermine economic growth. 

    “We are on a mission to create and sustain a bankable investment pipeline of priority, credible, quality and high-impact projects that span the country through Infrastructure South Africa, the primary driver of the National Infrastructure Plan 2050,” he explained. 

    Mashatile believes that the SACC plays an essential role in engaging with businesses to promote bilateral trade and investment links between the United Kingdom and South Africa. 

    “It is our responsibility as leaders in our respective regions to foster an atmosphere that encourages entrepreneurship, fosters innovation, and drives inclusive growth.”

    In addition, he expressed his desire to increase South Africa’s exports of valuable goods and services to the United Kingdom. 

    “It is excellent that the two countries already exchange food and beverages. It is critical that we collaborate to create strategies to accelerate international trade and investment.”

    Mashatile announced that the State was simplifying regulatory procedures through the Red Tape Task Team, making it easier for businesses to operate and invest locally.

    READ | Govt determined to deal with SA’s mounting challenges – Mashatile

    He concluded his address with South Africa’s stance on peace and stability in Africa and globally, stressing that the nation is anti-war and pro-peace. 

    “We reaffirm our commitment to the inviolability of sovereignty and the importance of national security.

    “More immediately, we support [silencing the guns]. We want to see peaceful and mutual coexistence between Russia, Ukraine, Israel, Sudan, and the rest of the globe, because war is terrible for business.” – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: SA a trusted partner in delivering global business services

    Source: South Africa News Agency

    SA a trusted partner in delivering global business services

    South Africa is a trusted partner in delivering key global business services such as financial risk, regulatory support and digital services to United Kingdom investors, says Deputy Minister of Trade, Industry and Competition Andrew Whitfield.

    The Deputy Minister delivered the keynote address during the South Africa-UK roundtable on Global Business Services (GBS) in London. The session was hosted by Business Process Enabling South Africa in London. 

    “With a highly skilled, English-speaking workforce, South Africa has positioned itself as a go-to hub for outsourcing services ranging from legal support to digital transformation. 

    “South Africa’s competitive advantage in offering cutting-edge solutions at a fraction of the cost, saving companies up to 50% compared to other outsourcing destinations puts our country in good stead,” Whitfield explained.

    According to the Department of Trade, Industry and Competition, the roundtable formed part of a high-level mission to the United Kingdom (UK) which is being led by Deputy President Paul Mashatile. The visit is focused on promoting South Africa as a premier investment destination.

    READ | UK investors encouraged to establish their business operations in SA

    Whitfield highlighted that the South African global business services (GBS) sector has evolved from traditional call centre services into providing high-value, complex services that meet the needs of global investors.

    He added that the UK remained South Africa’s largest source market for GBS, accounting for over 56 000 jobs and generating £650 million in revenue through partnerships with leading UK firms such as British Gas, Scottish Power, and Virgin Atlantic.

    Whitfield emphasised that since the introduction of the GBS incentive, more than 50 global companies have established operations in South Africa, generating R40 billion in export revenue. 

    The primary objective of the incentive which became effective from 1 January 2019, is to create employment in South Africa through servicing offshore activities. The secondary objectives of the programme are to:
    – Create employment opportunities for the youth (age 18-34 years); and
    – Contribute to the country’s export revenue from offshoring services.

    Growth 

    He added that the workforce has grown significantly, from 26 700 jobs in 2015 to over 104 000 today. 

    In addition, the GBS Masterplan is playing an important role in this growth shifting the focus from low-cost call centres to more sophisticated, high-value services, such as data analytics, financial services, and digital risk management.

    “Our GBS sector offers far more than cost savings; it delivers quality outcomes with proven resilience. South Africa has shown an exceptional ability to adapt, including the successful implementation of flexible work-from-home models. 

    “Additionally, we have not experienced any electricity outages for over 190 days, which is a critical factor for global businesses seeking reliable operations,” said the Deputy Minister.

    Looking ahead, Whitfield said the GBS Masterplan envisions creating up to 500 000 cumulative jobs by 2030, through continued expansion and new investments. 

    The Global Business Services Masterplan was signed by the department and stakeholders on 18 November 2021.

    The Masterplan process brings together government, industry, social partners and labour to set a common vision and action agenda for developing and growing the sector.

    “We will work tirelessly with all stakeholders to realise this high-growth scenario, particularly as global businesses increasingly look to South Africa as a destination for innovative digital services and niche sector solutions.”

    Furthermore, he urged UK businesses to explore the lucrative opportunities in South Africa’s GBS sector.

    “Our value proposition is clear, quality services, major cost savings, and a stable environment. We invite British investors to take advantage of the opportunities our dynamic sector offers and contribute to its continued growth.

    “Ultimately, this is a key sector to realising the Government of National Unity’s apex priority to rapid economic growth and job creation,” he said.

    The Deputy Minister was pleased with the positive engagements and sentiment from GBS companies present, who have a healthy pipeline to expand their operations in South Africa in the next 12 months. –SAnews.gov.za

     

    Edwin

    MIL OSI Africa –

  • MIL-OSI: Shell plc Announces Final Results of Exchange Offers

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    October 4, 2024

    Shell plc Announces Final Results of Exchange Offers

    Shell plc (“Shell”) (LSE: SHEL) (NYSE: SHEL) (EAX: SHELL) today announced the final results of its previously announced offers to exchange (the “Exchange Offers” and each, an “Exchange Offer”) up to a maximum aggregate principal amount of $12 billion (the “Maximum Amount”) of any and all validly tendered (and not validly withdrawn) and accepted notes of twelve series issued by Shell International Finance B.V. (“Shell International Finance” and such notes, the “Old Notes”) for a combination of cash and a corresponding series of new notes to be issued by Shell Finance US Inc. (“Shell Finance US”) and fully and unconditionally guaranteed by Shell plc (the “New Notes”). A Registration Statement on Form F-4 (File Nos. 333-281941 and 333-281941-01) (the “Registration Statement”), including a prospectus, dated September 19, 2024 (the “Prospectus”), relating to the issuance of the New Notes was filed with the Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on September 30, 2024.

    As announced on September 5, 2024, Shell is conducting the Exchange Offers to migrate the existing Old Notes from Shell International Finance B.V. to Shell Finance US Inc. in order to optimize the Shell Group’s capital structure and align indebtedness with its U.S. business.

    The total aggregate principal amount of Old Notes that were validly tendered (and not validly withdrawn) and accepted for exchange in the Exchange Offers was $11,462,980,000.   The aggregate principal amount of each series of Old Notes that was accepted for exchange was based on the order of acceptance priority for such series as set forth in the table below (the “Acceptance Priority Levels”), with Acceptance Priority Level 1 being the highest and Acceptance Priority Level 12 being the lowest, subject to the applicable Minimum Size Condition and the Maximum Amount Condition (each as described in the Prospectus). Because the total aggregate principal amount of Old Notes that were validly tendered (and not validly withdrawn) as of 5:00 p.m., New York City time, on October 3, 2024 (the “Expiration Time”) exceeded the Maximum Amount, we did not accept for exchange all such Old Notes and only accepted for exchange those Old Notes as set forth in the table below under the heading “Aggregate Principal Amount Accepted.” All Old Notes validly tendered (and not validly withdrawn) as of the Expiration Time in Acceptance Priority Levels 1 through 8 satisfied the applicable Minimum Size Condition and the Maximum Amount Condition and were accepted for exchange. No Old Notes tendered in Acceptance Priority Levels 9 through 12 were accepted for exchange.

    The following table, based on information provided by D.F. King & Co. Inc., the exchange agent and information agent for the Exchange Offers, indicates, among other things, the total aggregate principal amount of Old Notes and the aggregate principal amount of each series of Old Notes validly tendered (and not validly withdrawn) and accepted for exchange in the Exchange Offers.

    Series of Old Notes Offered for Exchange Old CUSIP/ISIN
    No.    		 Acceptance Priority Level  

    Aggregate Principal Amount Outstanding ($MM)

    		 Aggregate Principal Amount Tendered Aggregate Principal Amount Accepted  

    New CUSIP/ISIN No.
    4.375% Guaranteed Notes due 2045 822582BF8/

    US822582BF88

    		 1 $3,000 $2,446,755,000   $2,446,755,000 822905AA3 / US822905AA35  
    2.750% Guaranteed Notes due 2030 822582CG5/

    US822582CG52

    		 2 $1,750 $1,355,391,000   $1,355,391,000 822905AB1 / US822905AB18  
    4.125% Guaranteed Notes due 2035 822582BE1/

    US822582BE14

    		 3 $1,500 $1,192,346,000   $1,192,346,000 822905AC9 / US822905AC90  
    4.550% Guaranteed Notes due 2043 822582AY8/

    US822582AY86

    		 4 $1,250 $960,281,000   $960,281,000 822905AD7 / US822905AD73  
    4.000% Guaranteed Notes due 2046 822582BQ4/

    US822582BQ44

    		 5 $2,250 $1,764,084,000   $1,764,084,000 822905AE5 / US822905AE56  
    2.375% Guaranteed Notes due 2029 822582CD2/

    US822582CD22

    		 6 $1,500 $1,075,279,000   $1,075,279,000 822905AF2 / US822905AF22  
    3.250% Guaranteed Notes due 2050 822582CH3/

    US822582CH36

    		 7 $2,000 $1,664,464,000   $1,664,464,000 822905AG0 / US822905AG05  
    3.750% Guaranteed Notes due 2046 822582BY7/

    US822582BY77

    		 8 $1,250 $1,004,380,000   $1,004,380,000 822905AH8 / US822905AH87  
    3.125% Guaranteed Notes due 2049 822582CE0/

    US822582CE05

    		 9 $1,250 $1,037,100,000   $0 —  
    3.000% Guaranteed Notes due 2051 822582CL4/

    US822582CL48

    		 10 $1,000 $888,919,000   $0 —  
    2.875% Guaranteed Notes due 2026 822582BT8/

    US822582BT82

    		 11 $1,750 $987,472,000   $0 —  
    2.500% Guaranteed Notes due 2026 822582BX9/

    US822582BX94

    		 12 $1,000 $622,831,000   $0 —  
                     
    Total amount tendered and accepted in the Exchange Offers       $11,462,980,000    

    Settlement and issuance of the New Notes to be issued in exchange for Old Notes validly tendered (and not validly withdrawn) and accepted for exchange is expected to occur on October 8, 2024.

    The dealer managers for the Exchange Offers were:

    Deutsche Bank Securities Inc.

    1 Columbus Circle

    New York, New York 10019

    Attention: Liability Management Group

    Telephone: (U.S. Toll-Free): +1 (866) 627-0391

    Telephone (U.S. Collect): +1 (212) 250-2955

    Telephone (London): +44 207 545 8011

    		 Goldman Sachs & Co. LLC

    200 West Street

    New York, New York 10282

    Attention: Liability Management Group

    Telephone (U.S. Toll-Free): +1 (800) 828-3182

    Telephone (U.S. Collect): +1 (212) 902-6351

    Telephone (London): +44 207 774 4836

    Email: gs-lm-nyc@ny.email.gs.com

    		 Wells Fargo Securities, LLC

    550 South Tryon Street, 5th Floor

    Charlotte, North Carolina 28202

    Attention: Liability Management Group

    Telephone (U.S. Toll-Free): +1 (866) 309-6316

    Telephone (U.S. Collect): +1 (704) 410-4235

    Telephone (Europe): +33 1 85 14 06 62

    Email: liabilitymanagement@wellsfargo.com

    The exchange agent and information agent for the Exchange Offers was:

    D.F. King & Co., Inc.

    48 Wall Street, 22nd Floor
    New York, NY 10005
    Banks and Brokers call: +1 (212) 269-5550
    Toll-free (U.S. only): +1 (877) 783-5524
    Email: Shell@dfking.com
    By Facsimile (for eligible institutions only): +1 (212) 709-3328
    Confirmation: +1 (212) 269-5552
    Attention: Michael Horthman
    Website: http://www.dfking.com/shell

    This press release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Exchange Offers were made solely pursuant to the terms and conditions of the Prospectus, which forms a part of the Registration Statement.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

    Non-U.S. Distribution Restrictions

    European Economic Area

    The New Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of Directive 2002/92/EC (as amended, the “Insurance Mediation Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended, the “Prospectus Directive”). Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation. The Prospectus has been prepared on the basis that any offer of New Notes in any Member State of the EEA will be made pursuant to an exemption under the Prospectus Directive from the requirement to publish a prospectus for offers of New Notes. The Prospectus is not a prospectus for the purposes of the Prospectus Directive.

    MiFID II product governance / Professional investors and ECPs only target market—In the EEA and solely for the purposes of the product approval process conducted by any Dealer Manager who is a manufacturer with respect to the New Notes for the purposes of the MiFID II product governance rule under EU Delegated Directive 2017/593 (each, a “manufacturer”), the manufacturers’ target market assessment in respect of the New Notes has led to the conclusion that: (i) the target market for the New Notes is eligible counterparties and professional clients only, each as defined in MiFID II; and (ii) all channels for distribution of the New Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the New Notes (a “distributor”) should take into consideration the manufacturers’ target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the New Notes (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels.

    Belgium

    Neither the Prospectus nor any other documents or materials relating to the Exchange Offers have been submitted to or will be submitted for approval or recognition to the Belgian Financial Services and Markets Authority (“Autorité des services et marchés financiers”/”Autoriteit voor Financiële Diensten en Markten”). The Exchange Offers are not being, and may not be, made in Belgium by way of a public offering, as defined in Articles 3, §1, 1° and 6, §1 of the Belgian Law of April 1, 2007 on public takeover bids (“loi relative aux offres publiques d’acquisition”/”wet op de openbare overnamebiedingen”) (the “Belgian Takeover Law”) or as defined in Article 3, §1 of the Belgian Law of June 16, 2006 on the public offer of investment instruments and the admission to trading of investment instruments on a regulated market (“loi relative aux offres publiques d’instruments de placement et aux admissions d’instruments de placement à la négociation sur des marchés réglementés”/”wet op de openbare aanbieding van beleggingsinstrumenten en de toelating van beleggingsinstrumenten tot de verhandeling op een gereglementeerde markt”) (the “Belgian Prospectus Law”), both as amended or replaced from time to time. Accordingly, the Exchange Offers may not be, and are not being, advertised and the Exchange Offers will not be extended, and neither the Prospectus nor any other documents or materials relating to the Exchange Offers (including any memorandum, information circular, brochure or any similar documents) has been or shall be distributed or made available, directly or indirectly, to any person in Belgium other than (i) to persons which are “qualified investors” (“investisseurs qualifiés”/”gekwalificeerde beleggers”) as defined in Article 10, §1 of the Belgian Prospectus Law, acting on their own account, as referred to in Article 6, §3 of the Belgian Takeover Law or (ii) in any other circumstances set out in Article 6, §4 of the Belgian Takeover Law and Article 3, §4 of the Belgian Prospectus Law. The Prospectus has been issued only for the personal use of the above qualified investors and exclusively for the purpose of the Exchange Offers. Accordingly, the information contained in the Prospectus or in any other documents or materials relating to the Exchange Offers may not be used for any other purpose or disclosed or distributed to any other person in Belgium.

    France

    The Exchange Offers are not being made, directly or indirectly, to the public in the Republic of France. Neither the Prospectus nor any other documents or materials relating to the Exchange Offers have been or shall be distributed to the public in France and only (i) providers of investment services relating to portfolio management for the account of third parties (“personnes fournissant le service d’investissement de gestion de portefeuille pour compte de tiers”) and/or (ii) qualified investors (“investisseurs qualifiés”) other than individuals, in each case acting on their own account and all as defined in, and in accordance with, Articles L.411-1, L.411-2, D.321-1 and D.411-1 of the French Code Monétaire et Financier, are eligible to participate in the Exchange Offers. The Prospectus and any other document or material relating to the Exchange Offers have not been and will not be submitted for clearance to nor approved by the Autorité des marchés financiers.

    Italy

    None of the Exchange Offers, the Prospectus or any other documents or materials relating to the Exchange Offers or the New Notes have been or will be submitted to the clearance procedure of the Commissione Nazionale per le Società e la Borsa (“CONSOB”). The Exchange Offers are being carried out in the Republic of Italy as exempted offers pursuant to article 101-bis, paragraph 3-bis of the Legislative Decree No. 58 of 24 February 1998, as amended (the “Financial Services Act”) and article 35-bis, paragraph 3, of CONSOB Regulation No. 11971 of 14 May 1999, as amended (the “Issuers’ Regulation”) and, therefore, are intended for, and directed only at, qualified investors (investitori qualificati) (the “Italian Qualified Investors”), as defined pursuant to Article 100, paragraph 1, letter (a) of the Financial Services Act and Article 34-ter, paragraph 1, letter (b) of the Issuers’ Regulation. Accordingly, the Exchange Offers cannot be promoted, nor may copies of any document related thereto or to the New Notes be distributed, mailed or otherwise forwarded, or sent, to the public in Italy, whether by mail or by any means or other instrument (including, without limitation, telephonically or electronically) or any facility of a national securities exchange available in Italy, other than to Italian Qualified Investors. Persons receiving the Prospectus must not forward, distribute or send it in or into or from Italy. Noteholders or beneficial owners of the Old Notes that are resident or located in Italy can offer to exchange the notes pursuant to the Exchange Offers through authorized persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in Italy in accordance with the Financial Services Act, CONSOB Regulation No. 16190 of 29 October 2007, as amended from time to time, and Legislative Decree No. 385 of 1 September 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB or any other Italian authority. Each intermediary must comply with the applicable laws and regulations concerning information duties vis-à-vis its clients in connection with the Old Notes, the New Notes, the Exchange Offers or the Prospectus.

    United Kingdom

    Each dealer manager has further represented and agreed that:

    • it has complied and will comply with all the applicable provisions of the Financial Services and Markets Act 2000 (the “FSMA”) with respect to anything done by it in relation to the New Notes in, from or otherwise involving the United Kingdom (the “U.K.”); and it has only communicated or caused to be communicated and will only communicate or cause to be communicated an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) received by it in connection with the issue or sale of any New Notes in circumstances in which Section 21(1) of the FSMA does not apply to Shell Finance US or Shell.

    The Prospectus is only being distributed to and is only directed at (i) persons who are outside the U.K. or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The New Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the New Notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

    Hong Kong

    The New Notes may not be offered or sold by means of any document other than (i) in circumstances which do not constitute an offer to the public within the meaning of the Companies Ordinance (Cap.32, Laws of Hong Kong), or (ii) to “professional investors” within the meaning of the Securities and Futures Ordinance (Cap.571, Laws of Hong Kong) and any rules made thereunder, or (iii) in other circumstances which do not result in the document being a “prospectus” within the meaning of the Companies Ordinance (Cap.32, Laws of Hong Kong), and no advertisement, invitation or document relating to the New Notes may be issued or may be in the possession of any person for the purpose of issue (in each case whether in Hong Kong or elsewhere), which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the laws of Hong Kong) other than with respect to New Notes which are or are intended to be disposed of only to persons outside Hong Kong or only to “professional investors” within the meaning of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) and any rules made thereunder.

    Japan

    The New Notes have not been and will not be registered under the Financial Instruments and Exchange Law of Japan (the “Financial Instruments and Exchange Law”) and each underwriter has agreed that it will not offer or sell any New Notes, directly or indirectly, in Japan or to, or for the benefit of, any resident of Japan (which term as used herein means any person resident in Japan, including any corporation or other entity organized under the laws of Japan), or to others for re-offering or resale, directly or indirectly, in Japan or to a resident of Japan, except pursuant to an exemption from the registration requirements of, and otherwise in compliance with, the Financial Instruments and Exchange Law and any other applicable laws, regulations and ministerial guidelines of Japan.

    Singapore

    The Prospectus has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, and if the Issuer has not notified the dealer(s) on the classification of the New Notes under and pursuant to Section 309(B)(1) of the Securities and Futures Act, Chapter 289 Singapore (the “SFA”), the Prospectus and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of the New Notes may not be circulated or distributed, nor may the New Notes be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 274 of Chapter 289 of the SFA, (ii) to a relevant person, or any person pursuant to Section 275(1A), and in accordance with the conditions, specified in Section 275 of the SFA or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.

    Where the New Notes are subscribed or purchased under Section 275 of the SFA by a relevant person which is: (a) a corporation (which is not an accredited investor) the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor; or (b) a trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and each beneficiary is an accredited investor, shares, debentures and units of shares and debentures of that corporation or the beneficiaries’ rights and interest in that trust shall not be transferable for six months after that corporation or that trust has acquired the New Notes under Section 275 except: (1) to an institutional investor under Section 274 of the SFA or to a relevant person, or any person pursuant to Section 275(1A), and in accordance with the conditions, specified in Section 275 of the SFA; (2) where no consideration is given for the transfer; or (3) by operation of law.

    Singapore Securities and Futures Act Product Classification—Solely for the purposes of its obligations pursuant to sections 309B(1)(a) and 309B(1)(c) of the SFA, the Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A of the SFA) that the New Notes are “prescribed capital markets products” (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

    Contacts:

    Media: International +44 (0) 207 934 5550; USA +1 832 337 4355

    Cautionary Statement

    The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release, “Shell” refers to Shell plc; “Shell Group” refers to Shell and its subsidiaries; “Shell Finance US” or “Issuer” refers to Shell Finance US Inc.; “Shell International Finance” refers to Shell International Finance B.V.; the terms “we,” “us,” and “our” refer to Shell or the Shell Group, as the context may require.

    This press release contains certain forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of the Shell Group to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of the Shell Group and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release (without limitation):

    • price fluctuations in crude oil and natural gas;
    • changes in demand for the Shell Group’s products;
    • currency fluctuations;
    • drilling and production results;
    • reserves estimates;
    • loss of market share and industry competition;
    • environmental and physical risks;
    • risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions;
    • the risk of doing business in developing countries and countries subject to international sanctions;
    • legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change;
    • economic and financial market conditions in various countries and regions;
    • political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs;
    • risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, regional conflicts, such as the Russia-Ukraine war, and a significant cybersecurity breach; and
    • changes in trading conditions.

    All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell’s Form 20-F for the year ended December 31, 2023 (available at http://www.shell.com/investors/news-and-filings/sec-filings.html and 

    http://www.sec.gov).

    These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, October 4, 2024. Neither Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.

    The contents of websites referred to in this press release do not form part of this content.

    Readers are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

    The MIL Network –

  • MIL-OSI Europe: Poland: small and medium-sized companies to gain financing from €150 million EIB loan to Pekao Leasing

    Source: European Investment Bank

    • EIB lends Pekao Leasing €150 million to expand financing for Polish small and medium-sized enterprises.
    • At least 20% of funding to go to climate-friendly investments.
    • Most funds will support cohesion regions in Poland.

    The European Investment Bank (EIB) is lending Poland’s Pekao Leasing €150 million to support the development of small and medium-sized enterprises (SMEs) in the country. The EIB credit to the unit of Bank Pekao SA will expand financing for Polish SMEs, with most of the funds going to less-developed regions in the country and at least a fifth allocated to green projects.

    “Small and medium-sized enterprises are the backbone of the economy and have a pivotal role to play in fostering innovation, as well as advancing energy transition. That is why supporting the development of SMEs is one of the EIB’s most important tasks,” said EIB Vice-President Teresa Czerwińska. “This new agreement with Pekao Leasing is another example of our strong commitment to the growth and competitiveness of Polish SMEs.”

    Around €420 million of investments are expected to be supported in total with the EIB loan to Pekao Leasing. The minimum 20% of funding being earmarked for climate-friendly projects will help firms replace machinery and equipment with more energy-efficient options.

    Bank Pekao organised the transaction and guarantees provided by Poland’s leading financial institution PZU Group enabled financing to be offered on favourable terms.

    “Cooperation between Bank Pekao Group and the EIB dates back to 2004. This is a key partnership for us in supporting Polish companies looking to develop in accordance with modern climate-protection requirements,” said Bank Pekao Management Board Vice-Chair Robert Sochacki. “Over the years, as part of implementing our strategy of developing cooperation with SMEs, as well as our environmental, social and governance strategy, we have repeatedly obtained EIB financing to support investments in climate protection, environmental sustainability and women’s entrepreneurship, which have contributed significantly to the development of these areas.”

    PZU Group said its involvement in the agreement also reflects a commitment to a greener future.   

    “That is why we actively support initiatives that not only help Polish companies to develop but also have a positive impact on the natural environment and help mitigate the adverse effects of climate change,” said PZU Management Board member Bartosz Grześkowiak. “Guarantees granted by PZU are one of our instruments to support clients and business partners in the process of green transformation – an important part of implementing our sustainable development policy. I am convinced that the new EIB loan agreement with Pekao Leasing will serve this purpose well.”

    Much of the funding will go towards improving energy efficiency, developing renewable energy sources, and extending attractive leasing offers to firms implementing low-emission transport.

    “This loan from the EIB is one more step that strengthens our partnership – one that has fostered the development of SMEs in Poland for years” said Pekao Leasing Management Board member Maciej Kijo. “We are especially pleased that a major part of these funds will be allocated to green projects, which is in line with our strategy to support sustainable development and protect the environment. It is also a great opportunity for Polish companies to invest in modern, energy-efficient solutions that will drive their growth and competitiveness.”

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its 27 Member States. It finances sound investments that contribute to EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality.

    The EIB Group, which also includes the European Investment Fund (EIF), signed a total of €88 billion in new financing for over 900 projects in 2023, including over €31 billion worth of financing for the SME sector in Europe. These commitments are expected to support around €320 billion in investment, 400,000 companies and 5.4 million jobs.

    Out of a total of €5.1 billion granted to projects in Poland last year, more than €630 million has gone to support SMEs. Financing for climate-friendly projects has now reached more than half of the total EIB Group investment in the country.

    Pekao Leasing is the leasing arm of the Bank Pekao Group and has been present on the Polish market for almost 30 years.

    Bank Pekao SA, founded in 1929, is one of the largest financial institutions in Central-Eastern Europe and the second-largest universal bank in Poland, with assets of PLN 316 billion. Boasting the second largest branch network, Bank Pekao serves 6.9 million customers. As Poland’s leading corporate bank, it serves one in two corporations in the country. Its status as a universal bank is based on its leading position in private banking, asset management and brokerage activities. Bank Pekao’s diversified business profile is supported by a market-leading balance sheet and risk profile, characterised by the lowest risk costs, strong capital ratios and resilience to macroeconomic conditions. Since 1998, Bank Pekao has been listed on the Warsaw Stock Exchange and in several indices, both local (including WIG 20 and WIG) and international (including MSCI EM, Stoxx Europe 600 and FTSE Developed). Over the last decade, Bank Pekao has paid out total dividends of PLN 20 billion, placing it among the highest dividend-paying listed companies in Poland.

    The PZU Group is the largest financial conglomerate in Central and Eastern Europe. It operates in five countries: Poland, Lithuania, Latvia, Estonia and Ukraine. The PZU Group’s consolidated assets exceed PLN 400 billion. The Group is led by PZU SA, with its traditions dating back to 1803, when the first insurance company was established on Polish soil. In Poland alone PZU Group enjoys the trust of 22 million insurance and banking clients. The Group is the leader on the insurance market and is at the forefront of the banking, investment and healthcare services markets. PZU is also one of the most recognizable brands, known to every Polish citizen. PZU’s stock has been listed on the Warsaw Stock Exchange (WSE) since 2010. Since its stock exchange debut PZU has been part of WIG20, an index of the Warsaw Stock Exchange’s largest companies. Since 2019, PZU’s shares have been also part of the WIG-ESG (sustainability) index.

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Bluetongue: aid to livestock farmers and EU coordination measures – E-001819/2024

    Source: European Parliament

    Question for written answer  E-001819/2024
    to the Commission
    Rule 144
    Marion Maréchal (ECR)

    Since autumn 2023, European livestock farms, most notably in France, Belgium, the Netherlands, the Czech Republic, Germany, Luxembourg and Italy, have been battling a new and aggressive wave of bluetongue. This disease, which mostly affects ruminants (cattle, sheep and goats, etc.), has caused around 23 000 sheep and 36 000 cattle to die in Belgium[1]. Meanwhile, in France, 1 929 outbreaks are currently recorded by state services.

    Although the Belgian Minister for Agriculture, Anne-Catherine Dalcq, said on 23 September 2024 that she had activated all EU levers, the lack of coordination between the Member States (late initiation of vaccination campaigns) has contributed to the epizootic disease spreading.

    In view of the above:

    • 1.What EU levers have actually been activated by the agriculture ministers of the countries concerned?
    • 2.Has the Commission examined the shortcomings in coordination between Member States that caused the delay in taking prevention and protection measures?
    • 3.Will it mobilise the Common Agricultural Policy (CAP) crisis reserve to support farmers that are struggling, and will it maintain all CAP support, despite the decrease in livestock populations?

    Submitted: 25.9.2024

    • [1] Figures from the Belgian Federal Ministry of Agriculture communicated on 19 September 2024 during the plenary session of the Chamber.
    Last updated: 4 October 2024

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Targeted revision of the Working Time Directive (2003/88/EC) – E-001833/2024

    Source: European Parliament

    Question for written answer  E-001833/2024
    to the Commission
    Rule 144
    Alice Teodorescu Måwe (PPE)

    The EU Working Time Directive (2003/88/EC) is causing ever greater problems in Sweden. In 2021, the Commission announced that the provisions of several Swedish collective agreements, in particular with regard to 24-hour shifts (known in Swedish as dygnspass), were in breach of the directive’s rules on daily rest periods. Since then, the social partners have been forced to renegotiate a number of collective agreements. As a result, 24-hour shifts are no longer allowed. This has already had serious consequences, not least for people who use personal assistance services, but also when it comes to the recruitment of staff in the emergency services and personal assistants, among others.

    In the light of the foregoing:

    • 1.Does the Commission intend to initiate a targeted review of the Working Time Directive so that, in future, the social partners in Sweden can conclude agreements to restore 24-hour shifts and derogations from the rules on daily rest periods?
    • 2.Does the Commission see any other reasons to revise the Working Time Directive, for example the need for urgent action to bolster the European defence industry?

    Submitted: 26.9.2024

    Last updated: 4 October 2024

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Hungary’s participation at the informal summit of the Organization of Turkic States – E-001800/2024

    Source: European Parliament

    Question for written answer  E-001800/2024
    to the Commission
    Rule 144
    Michalis Hadjipantela (PPE)

    On 6 July 2024, Hungarian Prime Minister Viktor Orbán and Hungarian Minister of Foreign Affairs Péter Szijjártó participated in the informal summit of the Organization of Turkic States, held in Shusha, Azerbaijan and hosted by H.E. Ilham Aliyev, President of the Republic of Azerbaijan. The Organization of Turkic States, currently chaired by H.E. Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, invited the leader of the illegal Turkish Cypriot secessionist entity known as the ‘Turkish Republic of Northern Cyprus’ as a ‘head of state’. This coincided with Hungary holding the rotating presidency of the Council of the European Union.

    This action flagrantly violates international law and disregards the territorial integrity of the Republic of Cyprus, as affirmed by relevant UN Security Council resolutions. The Republic of Cyprus is internationally recognised as the sole legitimate government of the entire island. Given these provocative violations and disrespect towards the territorial integrity of an EU Member State:

    • 1.What measures does the Commission intend to take in response to Hungary’s participation in this summit?
    • 2.How does the Commission plan to deal with this incident and ensure that all Member States adhere to the principles of international law and EU solidarity?

    Submitted: 24.9.2024

    Last updated: 4 October 2024

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Banning chick culling in the EU – E-001843/2024

    Source: European Parliament

    Question for written answer  E-001843/2024
    to the Commission
    Rule 144
    Pascal Arimont (PPE)

    Each year, 330 million day-old male chicks are killed in the EU directly after hatching because they can neither lay eggs nor provide enough meat. This widespread practice not only causes considerable suffering, but also contravenes Article 13 of the Treaty on the Functioning of the European Union, which recognises animals as sentient beings. Some Member States, such as France and Germany, have prohibited this practice. In-ovo sexing technologies are available on the market to determine the sex of the embryo at limited cost. They work before day 13 of incubation, in line with the latest scientific evidence on pain perception, which shows that embryonic pain sensitivity starts from day 13 of incubation.

    • 1.Will the new Commission’s proposals for new regulations on the welfare of farmed animals include a ban on chick culling, with the implementation of in-ovo sexing before day 13 of incubation, in the egg sector, thus harmonising EU legislation and avoiding a distortion of competition?
    • 2.If so, when does the Commission plan to publish the draft of this new legislation?

    Submitted: 26.9.2024

    Last updated: 4 October 2024

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Türkiye’s actions in the Eastern Mediterranean and its failure to recognise the Republic of Cyprus – E-001810/2024

    Source: European Parliament

    Question for written answer  E-001810/2024/rev.1
    to the Commission
    Rule 144
    Loucas Fourlas (PPE)

    Despite the European Union’s efforts to promote peace and stability in the Eastern Mediterranean region, Türkiye continues to take unilateral and provocative actions, such as drilling in the territorial waters the Republic of Cyprus, an EU Member State. Furthermore, Türkiye still refuses to recognise the Republic of Cyprus. This poses a major obstacle to stability and peaceful coexistence in the region.

    In view of the above:

    What concrete steps will the European Commission take to prevent Türkiye’s violations in the Cypriot EEZ and in the Eastern Mediterranean more generally?

    Submitted: 25.9.2024

    Last updated: 4 October 2024

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Coming up next week at the London Assembly W/C 7 October

    Source: Mayor of London

    PUBLIC MEETINGS

    Wednesday 9 October

    Policing protests in London

    Police and Crime Committee – The Chamber, City Hall, Kamal Chunchie Way, 10am

    Policing protests and large-scale events in the capital is putting increased strain on the Metropolitan Police Service, with the Met describing protests since October 2023 as the “greatest period of sustained pressure since the Olympics in 2012.”

    The Police and Crime Committee will hold the first meeting of its investigation into public order policing in London.

    Panel 1: 10:00am – 11:30am

    • Matt Parr, former Inspector, HMICFRS
    • Lord Walney, former Government Independent Adviser on Political Violence and Disruption
    • Kirsty Brimelow KC, Barrister, Doughty Street Chambers

    Panel 2: 11:35am – 1:00pm

    • Jodie Beck, Policy and Campaigns Officer, Liberty
    • Professor Geoff Pearson, Professor of Law at the University of Manchester and Academic Director of the N8 Policing Research Partnership
    • Tom Southerden, Programme Director, Law & Human Rights, Amnesty International
    • David Spencer, Head of Crime and Justice, Policy Exchange

    MEDIA CONTACT: Tony Smyth on 07763 251727/ [email protected]

    Wednesday 9 October

    ‘Social value’ in planning and regeneration

    Planning and Regeneration Committee – The Chamber, City Hall, Kamal Chunchie Way, 2pm

    The London Plan does not define ‘social value’, but it is referred to in various policies and supporting texts.

    In the first meeting of its investigation into how social value is considered in planning decisions for markets and arches, the Planning and Regeneration Committee will question experts, local authorities and industry representatives about what it means, how it’s measured, and how it can make a difference to Londoners.

    The guests are:

    Panel 1: 2.00pm – 3.15pm

    • Maria Adebowale-Schwarte, Commissioner for the London Sustainable Development Commission
    • Tony Burton, Founder of Civic Voice and Chair of Community Review Panels in Old Oak & Park Royal and Dacorum
    • Dr Myfanwy Taylor, Lecturer in Urban Economics and Planning, University College London
    • Guy Battle, Chief Executive Officer at Social Value Portal
    • Stephanie Edwards, Co-Founding Director Urban Symbiotics

    Panel 2: 3.30pm – 4.45pm

    • Krissie Nicolson, CEO London Trades Guild
    • Nicholas Kasic, manager of Portobello Road Market and convener of the London Street Trading Benchmarking Group 
    • Sarah Goldzweig, Research and Project Officer at Latin Elephant
    • Stephen Biggs, Corporate Director, Community Wealth Building, London Borough of Islington 
    • Bryce Tudball, Head of Spatial Planning, London Borough of Haringey

    MEDIA CONTACT: Josh Hunt on 07763 252310 / [email protected]

    Thursday 10 October

    Mayor’s Question Time

    The Chamber, City Hall, Kamal Chunchie Way, 10am

    The Mayor of London, Sadiq Khan, will face questions from London Assembly Members.

    Topics include:

    • Aligning the Budget with Manifesto Commitments
    • Night-Time Economy
    • Net zero targets and advertising on the TfL network
    • Cleaning Up London’s Waterways

    MEDIA CONTACT: Alison Bell on 07887 832 918 / [email protected]

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Mayor launches two year pilot scheme to improve high streets and public spaces across the capital    

    Source: Mayor of London

    • New scheme will promote good growth and design in neighbourhoods across the capital  
    • New Town Architects appointed to support the future development of ten locations in London  

    The Mayor of London, Sadiq Khan, has appointed ten built environment experts to support the capital’s boroughs to improve the quality of high streets and public spaces, in a brand-new pilot scheme. 

    The Town Architects programme, which is being piloted for two years, forms part of the Mayor’s £1.25m Local Growth Capacity Support Programme which aims to support local growth and the design of public spaces in London. The programme builds on the Mayor’s work to support the creation of safe, inclusive and sustainable neighbourhoods and economic growth by ensuring that boroughs are better equipped and can utilise the skills of planners and architects to help shape better places in their local areas.

    We know that high streets are struggling and the need to make them more attractive, sustainable and enjoyable places to live in and visit is as vital as ever. Recent data from City Hall shows huge demand for greater knowledge sharing and the upskilling of existing teams as local boroughs increasingly struggle to promote built development and growth in areas across the capital. [1]

    The experts, known as ‘Town Architects’, will help to build much-needed capacity within local boroughs and will directly support Chief Placeshaping Officers and Design Champions to review project proposals and help develop a strategic vision for the local area.  

    They have been selected from the Mayor’s diverse panel of Design Advocates to support his vision for good growth and ensure that new buildings and public spaces will benefit all Londoners by promoting quality and inclusion in the built environment. Their expertise spans a broad range of areas, including architecture, master planning, high streets, public realm, and design quality management.  

    London’s placeshaping capacity is central to delivering the Mayor’s Good Growth by Design principles, which seek to ensure that London’s growth is both economically and socially inclusive and sustainable. The Town Architects pilot will address this gap in capacity by working with local authorities to bolster and enhance in-house skills, knowledge, and expertise to help shape better places and promote quality and inclusion in the built environment. 

    Jules Pipe, the Deputy Mayor for Planning, Regeneration and the Fire Service, said: “We are pleased to be launching this pilot scheme to promote the future development of key areas in the capital. 

    “By drawing on the expertise of the Mayor’s Design Advocates, local boroughs will have the expertise and support they need to boost design quality to improve their high streets and public spaces and promote positive neighbourhood placemaking, helping to build a better and more sustainable London for everyone.”  

    Holly Lewis, Mayor’s Design Advocate and Director of We Made That, said: “I’m thrilled to have the chance to continue to support the London Borough of Hackney in my new role as Town Architect. Hackney Central is just one of many places in London experiencing rapid change, with many exciting projects underway. With the support of this programme, I look forward to the opportunity to work alongside the borough in achieving the best possible outcomes for Hackney’s diverse communities.”

    Suzanne Johnston, Interim Director, Economy, Regeneration and New Homes, Hackney Council, said: “We are delighted to be working with Holly Lewis in her role as Hackney’s new Town Architect. We’re passionate about the need for good design in our built environment.   

    “Whether it’s promoting high quality buildings and public spaces or ensuring that Hackney Central is inclusive and easy to get around, Holly’s considerable expertise will complement the Council’s own in-house design expertise, to make sure Hackney’s buildings and public spaces work for everyone.” 

     

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Financial health notice to improve: Warwickshire College Group

    Source: United Kingdom – Executive Government & Departments

    A financial health notice to improve issued to Warwickshire College Group.

    Applies to England

    Documents

    Financial health notice to improve: Warwickshire College Group

    PDF, 157 KB, 4 pages

    Details

    This letter and its annex serve as a written financial health notice to improve at Warwickshire College Group.

    Updates to this page

    Published 4 October 2024

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Housing Land Audit

    Source: Scotland – City of Dundee

    MORE AFFORDABLE houses were built in Dundee last year than private homes, according to the latest figures.
    The annual Dundee Housing Land Audit for 2024, revealed that 483 homes were completed, 58% of which were for social rent.
    Steven Rome, convener of Dundee City Council’s fair work, economic growth and infrastructure committee said: “It has been another positive year for house building completions.
    “The Housing Land Audit is a fascinating insight into the city’s economic progress, and I would urge anyone who has an interest to get involved with the consultation.”
    Lynne Short, depute convener of Dundee City Council’s neighbourhood regeneration, housing and estate management committee added: “New housing is the foundation of what we need to do to help make Dundee a more attractive place to live and work and only by working across private, public and social housing will we deliver for the city.”
    The annual audit provides a source of information which is important to the council in its work monitoring the Dundee Local Development Plan, representing a factual statement of land supply within Dundee City Council’s boundary up until March 31, 2024.
    This year’s audit has found:
    During the 2023/2024 period of the audit there were 483 housing units completed;
    the 483 completions comprise of 282 units (58%) of affordable housing and 201 (42%) private housing. This is the highest level of affordable housing completions in Dundee since 2006; and
    83% of the completions in 2023/24 were on brownfield land and 17% were greenfield completions.  
    Following the consultation period, comments from stakeholders will be reviewed and any amendments made as necessary before the Dundee Housing Land Audit 2024 is finalised and published.
    This year’s draft Dundee Housing Land Audit has now been published for a period of consultation until 23 October 2024 you can find it at https://www.dundeecity.gov.uk/service-area/city-development/planning-and-economic-development/dundee-housing-land-audit

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Christian education charity receives official warning over failing to act on regulator’s advice

    Source: United Kingdom – Executive Government Non-Ministerial Departments

    The Charity Commission has issued an Official Warning to the National Council for Christian Standards in Society (NCCSS) for failing to follow its advice.

    The National Council for Christian Standards in Society was established in 1986 to promote religion and religious education. 

    The regulator previously issued the charity with advice, making clear it must separate its charitable work from the political lobbying activities of Christian Voice, a connected, non-charitable body.  

    Advice given included ensuring a separate entity carries out any non-charitable work, evidencing a clear division of how each organisation is run and removing ‘Christian Voice’ as the charity’s working name on the Register of Charities. The trustees did not take sufficient steps to act on this advice, which has led the regulator to now issue an Official Warning. 

    The Official Warning sets out actions the charity’s trustees need to take to rectify the misconduct and/or mismanagement, including acting on previous advice. The regulator has also identified that the charity needs to amend its ambiguous purposes to ensure they are exclusively charitable. Failing to take remedial steps to address issues identified by the regulator can result in the charity facing further regulatory action. 

    Tracy Howarth, Assistant Director for Casework at the Charity Commission, said:  

    It’s clear this charity has not taken our previous advice on board and so we have issued an Official Warning with the expectation that changes are made at pace. When carrying out any activity, trustees must consider how it helps meet their charitable purposes and if they are acting within charity law. We, and the public, expect this of charities as a minimum.  

    This intervention should serve as a reminder for all trustees to take any advice and guidance they receive from us seriously. As regulator, we issue guidance to help trustees ensure their charity is run well to deliver for beneficiaries. If we step in, we’re giving advice to help avoid further regulatory action.

    Ends 

    Notes to editors: 

    1. The Official Warning was issued on Monday 30th September 2024 under section 75A of the Charities Act 2011. 

    2. Information about Official Warnings can be found in an online Q&A: Guidance – Official warnings to charities and trustees: Q and A (publishing.service.gov.uk) 

    3. The Charity Commission is the independent, non-ministerial government department that registers and regulates charities in England and Wales. Our ambition is to be the expert Charity Commission that is fair, balanced, and independent so that charity can thrive.   

    4. Our guidance on campaigning and political activity can be found via this link: Campaigning and political activity guidance for charities – GOV.UK (www.gov.uk). We have produced a shorter ‘5 minute guide’ designed to refresh trustees’ knowledge on this topic. This can be found via this link: Political activity and campaigning by charities – GOV.UK (www.gov.uk) 

    5. Our guidance on writing charitable purposes can be found via this link: How to write charitable purposes – GOV.UK (www.gov.uk)

    Press office

    Email pressenquiries@charitycommission.gov.uk

    Out of hours press office contact number: 07785 748787

    Updates to this page

    Published 4 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Two new School Streets launched in Leeds to support children travelling safely and sustainably on the school run

    Source: City of Leeds

    More than 200 pupils in Leeds have become the latest local youngsters to benefit from a scheme that makes journeys to and from school safer, healthier and more enjoyable. 

    School Streets create a safer and more pleasant environment for children and families by restricting motorised traffic and turning the space outside school gates into a pedestrian and cyclist-only zone during pick-up and drop-off times. 

    A total of 15 schools in Leeds have previously signed up to the scheme, which aims to ease traffic congestion and tackle poor air quality while also improving safety.  

    Now two more – Ireland Wood Primary and St Bartholomew’s Primary – have followed suit. 

    And last week, a celebration event was held at Ireland Wood Primary School to mark the introduction of its new School Street on Raynel Gardens. 

    Leeds City Council’s new safe and sustainable travel mascot, Arlo the Owl, named by pupils from the school, guided pupils from the Park and Stride location at High Farm car park, across the new School Street, showcasing the benefits of a vehicle-free environment.  

    Councillor Jonathan Pryor, Leeds City Council’s deputy leader and executive member for economy, transport and sustainable development, said: 

    “I’m thrilled to see two more schools joining the School Streets programme in Leeds this year, as it continues to make a significant difference in promoting road safety and sustainability in local communities. With just over 30%  of primary school children in Leeds still driven to school, the school run contributes to congestion, pollution, and increased road safety risks around schools. 

    “School Streets are a key part of our commitment to Vision Zero, the council’s ambition to eliminate serious and fatal road injuries by 2040. By creating safer, vehicle-free spaces, we’re making the journey to school healthier for children and their families. This initiative aligns with our vision of making Leeds a city where you don’t need a car.” 

    Ian Blackburn, Headteacher at Ireland Wood Primary School, said: 

    “We are really pleased to have a School Street so our pupils can travel safely and actively to and from school. 

    “Reducing traffic around school during peak times will help to improve road safety and encourage more families to choose active modes of travel like walking, cycling, wheeling and scooting. This initiative supports us to promote healthy lifestyles and foster independence for our pupils.”  

    Last year, 28,955 school children across Leeds participated in 596 sessions that the council’s road safety trainers delivered to promote safe and sustainable travel.  

    Safe behaviours and people are at the heart of the Vision Zero Strategy and is one of five key themes. The other themes are safe roads, safe speeds, post collision care and safe vehicles. To achieve Vision Zero everyone needs to play their part and travel safely. A pledge to play a part in eliminating road deaths can be signed here.  

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Join author talks and more for Green Libraries Week

    Source: City of Leicester

    A FASCINATING talk on travel, an insight into the mind of a local crime writer and the tale of an amusing encounter with a Time Lord are among the events on offer next week for Green Libraries Week.

    From 7-13 October, Green Libraries Week will put Leicester’s libraries in the spotlight, featuring everything from poetry and author talks to energy advice and craft activities – and it’s all free.

    On Wednesday at St Barnabas Library, crime author Champak Chauhan will talk about his work, his background in Leicester and how he came up with the character of DI Rohan Sharma, a relatively new and inexperienced homicide detective charged with finding a psychopathic killer.

    Join award-winning travel writer Ash Bhardwaj (pictured) for a talk at the Central Library on Thursday (10 Oct), when he’ll be giving a fascinating insight into his motivations for travel, how to do it better, and how it can help us to live a more fulfilling life. Ash’s journeys have included a recent 8,500km overland expedition from the top of Norway to Romania; retracing the footsteps of a Second World War special mission by British forces in the Albanian Alps, and accompanying renowned explorer Levison Wood for 700 miles of his Walking The Nile expedition in Uganda and Sudan.

    Also on Thursday, Lizzie Lamb and Adrienne Vaughan from the Romantic Novelists’ Association will be detailing their writing adventures at Knighton Library. “A Funny Thing Happened on the way to the Typewriter” will include tales of amusing encounters with a starry cast of writers, actors, singers, royals, and even a Time Lord!

    As well as author talks and readings, there are lots of events taking place to highlight the diverse range of activities that take place at libraries, with a focus on climate and sustainability.

    Find out about conservation and volunteering with Leicester Environmental Volunteers at Hamilton Library on Tuesday 8 October; or join one of the energy advice drop-in sessions taking place at Leicester’s Central Library on Monday 7, Thursday 10 and Friday 11 October, from 11am-1pm.

    Leicester Adult Education will be offering free taster sessions and learning activities at city libraries throughout the week, and craft and wellbeing activities will also be on offer.

    Everything is free, but spaces may be limited, so booking is advised. To book, call or drop in to your local library.

    Assistant city mayor for neighbourhood services Cllr Vi Dempster said: “Libraries Week is an opportunity for people to discover all that their local library has to offer. Activities are taking on a ‘green’ theme, which gives us a great chance to show people how easy it can be to live more sustainably. I hope people will really enjoy getting involved with Green Libraries Week.”

    More information and a full list of everything that’s on offer throughout the week is available at leicester.gov.uk/librariesweek

    ENDS

    MIL OSI United Kingdom –

  • MIL-OSI Russia: “I dream that all universities in Russia would have the same conditions for scientists as HSE”

    MILES AXLE Translation. Region: Russian Federation –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    Anastasia Sherubneva studies spatial economics and is writing a dissertation on the crises of 2020 and 2022. In an interview with the Young Scientists of HSE project, she spoke about the influence of agglomeration effects on enterprises, the Novosibirsk Akademgorodok, and a meeting with Nobel laureate Paul Krugman in Portugal.

    How I got started in science

    Since childhood, I liked creativity. I always came up with something new, tried to find non-standard solutions to problems. In the 10th grade, I took a six-month course in economics, and I liked that real processes are described by clear mathematical models.

    After school, I entered NSU to major in business informatics, where they study, on the one hand, economics, and on the other, programming. My favorite course in the first year of study was microeconomics. Our seminars on it were taught by Elizaveta Andreyevna Gaivoronskaya. She was then about the same age as I am now, and was passionate about science. She explained things in an interesting way, and I inherited her desire to do economic research.

    From my first year, I started thinking about how I could apply what we were taught in lectures and seminars, what I would do after graduating. I started planning a scientific career.

    NSU is located in Akademgorodok, where several dozen research institutes are located. In my third year, I was invited to work in the Department of Territorial Systems of the Institute of Economics and Industrial Engineering of the Siberian Branch of the Russian Academy of Sciences. I began to study regional economics under the supervision of Evgeniya Anatolyevna Kolomak. At the same time, my programming skills helped me work with real data. The institute had a great team, the seniors always supported the juniors. There was a Council of Young Scientists, we came up with activities, organized conferences, and could just go for a walk together.

    After working there for two years, I entered the Higher School of Economics and got into a single track “master’s degree – postgraduate study”. My academic supervisor was Olga Anatolyevna DemidovaShe works in spatial econometrics, and our research interests coincided.

    When I was in my second year of master’s degree, Olga Anatolyevna created the Scientific and Educational Laboratory of Spatial-Econometric Modeling of Socioeconomic Processes in Russia. I ended up in this laboratory. Now I am a postgraduate student, working under the supervision of Olga Anatolyevna on my PhD dissertation. Here, too, a wonderful scientific team has formed, and I am very glad that I went into science.

    What I am researching

    My area of research is spatial economics. Globally, this section of economics studies how the economic position of an entity depends on its geographical location.

    In my dissertation, I study the impact of macroeconomic shocks on the performance of Russian enterprises using the 2020 and 2022 crises as examples. I examine whether the impact of these shocks differed across enterprises located in different locations, both in different regions and within one, for example, in the capital and on the periphery.

    And while many researchers conduct interregional comparisons, few study spatial differences at the intraregional level. This is the main novelty of my research.

    I am currently finishing my research on the 2020 crisis and will be working on the 2022 crisis in graduate school.

    What business data do I use?

    I work with micro data, and I have the ability to build models at the enterprise level. I am currently using data from the SPARK database: financial statements of enterprises, their geographic location, individual characteristics.

    What I wanted to know

    I asked the question this way: how did the influence of various factors, in particular geographic location, on the efficiency of enterprises change during the crises of 2020 and 2022?

    Existing studies have shown that the differentiation of the COVID-19 crisis was mainly not regional, but sectoral. The sectors that suffered were those related to offline interaction: tourism, transport, hotels, and catering. This primarily concerned the regions where they are more represented. Another important factor was the state of medicine. In poor regions, quarantine measures were stricter because the medical system could not cope, and the economy began to decline. And regions where digitalization is developed, everyone has smartphones, experience using deliveries, good healthcare, survived the crisis easier.

    However, within a region, the effects of crises can also vary, and this is precisely the aspect I am exploring.

    My conclusions

    I studied how the financial performance of enterprises depends on similar performance of neighboring enterprises. Let’s say there is an enterprise, its neighbor has gone bad, the company closes or goes into the red. What happens to it? It is assumed that nearby enterprises interact with each other. I came to the conclusion that before the 2020 crisis, the financial condition of the enterprise had a positive impact on neighboring ones and during the crisis too, but this impact became weaker. The explanation here is obvious: offline interaction decreased during the pandemic, and this was confirmed by microdata using mathematical methods.

    Another interesting result describes the influence of agglomeration effects on the performance of enterprises depending on their location – in the city center, where there are many other enterprises and a high population density, or on the outskirts, where there is nothing.

    In general, agglomeration effects are beneficial for enterprises in Russia. But if we approach large agglomerations such as Moscow, St. Petersburg, Kazan, the influence of agglomeration effects becomes negative. This is true both during and outside of a crisis. Big city effects (traffic jams, inflated prices, etc.) hinder the work of enterprises. These results indicate that large Russian agglomerations are heavily overloaded.

    What I am proud of

    In July, I published my independent article in the American journal Regional Science Policy

    I recently attended a conference of the European Regional Science Association in Portugal and gave a talk there. I mentioned that I used the HSE supercomputer in my research. And the discussant in my section said that it was great that I was able to use the supercomputer for such purposes and get new results.

    What is the HSE supercomputer?

    A supercomputer is a system of clusters between which computational processes can be distributed. It has a huge operational memory, which is measured in terabytes, and if calculations are parallelized between cores, it is possible to make cumbersome calculations.

    Using the HSE supercomputer allowed me to work with data from enterprises all over Russia, my sample included 300 thousand enterprises. I used a geographically weighted regression model, and for this you need to calculate pairwise distances between all enterprises, which requires enormous computing power.

    What I dream about

    I want to conduct a study on how enterprises in different industries influence each other geographically. For example, if a cinema and a cafe are located nearby, then most likely they will influence each other positively. But if it is a chemical plant and an eco-farm, it is clear that the mutual influence will be negative. This study requires certain data that is not yet available.

    For me, science is a way to learn something globally new and share it with others, to understand how this result relates to the results of other studies.

    I dream that all universities and research institutes in Russia would have the same comfortable conditions for scientists as HSE. If we talk about young scientists, there is a single track “Master’s degree – postgraduate study” with a large stipend. Postgraduate students are not forced, as happens in other organizations, to look for part-time jobs and can focus on writing a dissertation. HSE offers bonuses for publications, and there is an additional incentive to publish in high-level journals. Here, scientists receive a decent salary and are motivated to work for the benefit of science.

    If I hadn’t become a scientist

    I would become a human rights activist because justice has always been the highest value for me. Even at school I was interested in law, in any unclear situation I read the laws and in the 11th grade I became a prize winner of the regional stage of the All-Russian School Olympiad.

    Which scientist would I like to meet?

    If we talk about living scientists, it is Paul Krugman, the 2008 Nobel laureate in economics. He also studies regional economics, we are in the same field. I like his concept of new economic geography – it is a pool of theoretical models that explains the emergence of agglomerations from an economic point of view. This year at the congress in Portugal I met him, I even have a photo with Paul.

    If we talk about those who are no longer alive, it would be Marie Sklodowska-Curie. A great scientist, the first woman to win the Nobel Prize, the first person to have two Nobel Prizes, and the only one to have these prizes in different sciences.

    I admire her for being so enthusiastic about her work, for overcoming obstacles all her life for the sake of science. The University of Warsaw in her native Poland did not accept women at the time, so she went to study in Paris. She was not accepted as a teacher or in a laboratory simply because she was a woman. Her colleagues did not recognize her achievements, even when she received her first Nobel Prize. At the same time, she worked with radioactive substances that were dangerous to health, and was one of the inventors of the X-ray machine, which saved many lives. I would like to ask her where she found the strength for this daily struggle.

    I often think about her now, when they are trying to return women to the kitchen again and deputies are talking about how women do not need an education, but rather need to give birth to five children.

    What my typical day looks like

    Basically, different combinations of work tasks. A significant part of my work consists of doing calculations, programming, writing articles, texts. In addition, I recently became a teacher, conducting seminars in English on the course “Mathematics for Economists” in my own master’s program, which I completed this year.

    Do I get burnout?

    I have not encountered burnout yet. My total scientific and pedagogical experience is about four years. And it is probably too early to talk about burnout, especially since I love my job. It is clear that there are more productive days, less productive days, but I try not to allow burnout. I arrange rest days when I do not think about work, walk in the fresh air, listen to music, read books, watch movies. I also like to ride a bike and swim.

    What am I interested in besides science?

    I like making memes. It helps me cope with life stress, because turning something into a joke is a kind of psychotherapy. The Institute of Economics has a group of the Council of Young Scientists on VKontakte. When I was a 4th-year undergraduate, I became one of the admins of this group, ran a section and published memes about our work and the institute.

    Now I have a Telegram channel “Nastya Sherubneva in …”, but I have become less likely to make memes. It is more dedicated to trips to conferences. I started it when I went to the European Regional Science Association (ERSA) conference in Spain a year ago. It was my first trip abroad, not counting Belarus, I was happy and wanted to document every second. At first, the channel was planned only for friends, but I thought that someone else might be interested, so I made it open access. Every time I go to a new place, I rename it.

    What was the last thing I read and watched?

    From books – “1984” by George Orwell. And from films – “Don’t Worry, Darling” by Olivia Wilde. A married couple lives in a small closed town, they have an ideal life, they are rich, they love each other. But at some point the wife notices that something is wrong, people are disappearing, and as a result she finds out that their whole life is a simulation. She got there thanks to her husband, who himself wanted to get rid of unbearable experiences and save her. The film raises the question of whether such a simulation is a way out, whether it is possible to pretend that everything is wonderful, to invent an imaginary world. And even more so to be a victim of someone else’s decision. I believe that a person should decide for himself, I am against lies and restrictions for the good.

    Advice to young scientists

    Start writing your own articles as early as possible. You don’t need to become a teaching assistant or do technical work, because later it will be hard to start writing articles, working with texts, and creating literature reviews. You also need to try to decide on a scientific direction as early as possible, to understand what undeveloped problems exist in this area. A good scientific supervisor who is interested in the student and sees the trajectory of his development can help you do this.

    Favorite place in Moscow

    Museum-Reserve “Tsaritsyno”. This place has a great history, but I also like it because it is a park-estate. Akademgorodok, where I used to live, is in the forest, and in Moscow I miss forest walks. But in Tsaritsyno it is green and you can walk.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.hse.ru/jung-scientists/sherubneva

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Economics: Euro area quarterly balance of payments and international investment position: second quarter of 2024

    Source: European Central Bank

    04 October 2024

    • Current account surplus at €381 billion (2.6% of euro area GDP) in four quarters to second quarter of 2024, after a €76 billion surplus (0.5% of GDP) a year earlier.
    • Geographical counterparts: largest bilateral current account surpluses vis-à-vis United Kingdom (€215 billion) and Switzerland (€79 billion) and largest deficits vis-à-vis China (€78 billion) and United States (€18 billion).
    • International investment position showed net assets of €1.2 trillion (8.0% of euro area GDP) at end of second quarter of 2024.

    Current account

    The current account of the euro area recorded a surplus of €381 billion (2.6% of euro area GDP) in the four quarters to the second quarter of 2024, following a €76 billion surplus (0.5% of GDP) a year earlier (Table 1). This development was mainly driven by a larger surplus for goods (from €72 billion to €358 billion) and, to a lesser extent, by widening surpluses for services (from €134 billion to €149 billion) and for primary income (from €34 billion to €37 billion). Moreover, the deficit for secondary income decreased slightly from €164 billion to €163 billion.

    The estimates on goods trade broken down by product group show that, in the four quarters to the second quarter of 2024, the increase in the goods surplus was mainly due to a smaller deficit in energy products (from €454 billion to €275 billion). In addition, the surplus for machinery and manufactured products increased from €240 billion to €318 billion, while the balance for other products switched from a €28 billion deficit to a €2 billion surplus.

    The higher surplus for services in the four quarters to the second quarter of 2024 was mainly due to larger surpluses for telecommunication, computer and information (from €159 billion to €184 billion) and for travel (from €47 billion to €57 billion), and a lower deficit for other business services (from €54 billion to €42 billion). This was partly offset by a widening deficit for other services (from €55 billion to €75 billion) and a decreasing surplus for transport (from €16 billion to €1 billion).

    The increase in the primary income surplus in the four quarters to the second quarter of 2024 was mainly due to larger surpluses in direct investment (from €73 billion to €100 billion) and other primary income (from €5 billion to €14 billion), partly offset by a larger deficit in portfolio equity (from €143 billion to €182 billion).

    Table 1

    Current account of the euro area

    (EUR billions, unless otherwise indicated; transactions during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. Goods by product group is an estimated breakdown using a method based on statistics on international trade in goods. Discrepancies between totals and their components may arise from rounding.

    Data for the current account of the euro area

    Data on the geographical counterparts of the euro area current account (Chart 1) show that in the four quarters to the second quarter of 2024, the euro area recorded its largest bilateral surpluses vis-à-vis the United Kingdom (€215 billion, up from €184 billion a year earlier) and Switzerland (€79 billion, down from €89 billion). The euro area also recorded a surplus vis-à-vis the residual group of other countries of €96 billion, after a €21 billion deficit a year earlier. The largest bilateral deficits were recorded vis-à-vis China (€78 billion, down from €135 billion a year earlier) and the United States (€18 billion, down from €32 billion).

    The most significant changes in the geographical components of the current account relative to the previous year were as follows: the goods deficit vis-à-vis China declined from €166 billion to €105 billion, while the balance vis-à-vis Russia shifted from a deficit (€41 billion) to a surplus (€3 billion). Furthermore, the balance vis-à-vis the residual group of Other countries shifted from a deficit (€104 billion) to a surplus (€39 billion), which was partly explained by a smaller deficit vis-à-vis Norway (from €39 billion to €21 billion) and a shift from a deficit (€6 billion) to a surplus (€5 billion) vis-à-vis Saudi Arabia. The goods surplus increased vis-à-vis the United Kingdom (from €116 billion to €148 billion) and vis-à-vis the United States (from €169 billion to €191 billion). In services, the deficit vis-à-vis the United States increased (from €117 billion to €141 billion), which was more than offset by a shift from a deficit (€15 billion) to a surplus (€18 billion) vis-à-vis Offshore centres. In primary income, the deficit vis-à-vis Offshore centres (€11 billion) turned to a surplus (€21 billion), while a smaller deficit is recorded vis-à-vis the United States (from €82 billion to €67 billion). The deficit in secondary income vis-à-vis the EU Member States and EU institutions outside the euro area decreased (from €77 billion to €71 billion).

    Chart 1

    Geographical breakdown of the euro area current account balance

    (four-quarter moving sums in EUR billions; non-seasonally adjusted)

    Source: ECB.
    Note: “EU non-EA” comprises the non-euro area EU Member States and those EU institutions and bodies that are considered for statistical purposes as being outside the euro area, such as the European Commission and the European Investment Bank. “Other countries” includes all countries and country groups not shown in the chart, as well as unallocated transactions.

    international investment position of the euro area recorded its largest net assets on record, increasing to €1.18 trillion vis-à-vis the rest of the world (8.0% of euro area GDP), up from €0.76 trillion in the previous quarter (Chart 2 and Table 2).

    Chart 2

    Net international investment position of the euro area

    (net amounts outstanding at the end of the period as a percentage of four-quarter moving sums of GDP)

    Source: ECB.

    The €423 billion increase in net assets was mainly driven by lower net liabilities in other investment (down from €0.76 trillion to €0.63 trillion) and in portfolio equity (from €3.31 trillion to €3.19 trillion), as well as larger net assets in direct investment (up from €2.41 trillion to €2.52 trillion) and in reserve assets (up from €1.22 trillion to €1.27 trillion).

    Table 2

    International investment position of the euro area

    (EUR billions, unless otherwise indicated; amounts outstanding at the end of the period, flows during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. Net financial derivatives are reported under assets. “Other volume changes” mainly reflect reclassifications and data enhancements. Discrepancies between totals and their components may arise from rounding.

    Note: “Other volume changes” mainly reflect reclassifications and data enhancements. 

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Two Board Members reappointed to The National Lottery Community Fund board

    Source: United Kingdom – Executive Government & Departments

    The Secretary of State has reappointed John Mothersole as the England Committee Chair and Kate Still as the Scotland Committee Chair for a second term of two years commencing on 14 May 2024.

    John Mothersole

    John Mothersole has held senior local government posts in UK cities including London, most recently as Chief Executive of Sheffield City Council. Since standing down from that post in December 2019 after 11 years, John has taken on a series of non-executive roles which now include Chair of The Sheffield College, trustee of a community care charity and advisory roles with companies involved in regeneration and environment. He was also an assessor for the Grenfell Tower Public Inquiry, a role that concluded with the publication of the final report in September 2024. Prior to being selected as Chair of the National Lottery Community Fund England Committee John was a member of that committee.

    John has been heavily involved in the policy agenda for UK cities through the Core Cities network, the Northern Powerhouse initiative and with Government in securing city and city region devolution deals and participating in trade missions.His early career was in the arts, primarily in London and the North-East, and he sees a highlight of that part of his career being the reopening of the Roundhouse in London which enabled its subsequent redevelopment.

    Kate Still

    Kate is currently conducting the Independent Review of Community Learning and

    Development across Scotland on behalf of the Scottish Government. She was a Board

    member of ERSA for many years, Chair of Employment Support Scotland and a Fellow of

    the Institute of Employability. Kate started her career as a teacher after completing an MA

    (Hons) in Politics at Glasgow University.

    She has over 25 years of relevant experience in delivery of education, apprenticeships, skills, employability and community enterprise and regeneration programmes across multiple sectors, including 15+ years in the Charity sector. Kate has a passionate desire to make a difference coupled with the drive to achieve impact on issues of poverty, equality and diversity and social justice. Kate has held strategic leadership roles at EU and UK levels including Management of EU aid programmes to Central and Eastern Europe. A former Board Member of Strathclyde European Partnership, she completed her MPhil in European Policy research at Strathclyde University in 2011.Kate has held Director roles previously with the Prince’s Trust, Rathbone and Wise Group.

    Remuneration and Governance Code

    These positions are remunerated at £24,000 per annum. These appointments have been made in accordance with the Cabinet Office’s Governance Code on Public Appointments. The appointments process is regulated by the Commissioner for Public Appointments. Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election. John Mothersole and Kate Still have not declared any significant political activity.

    Updates to this page

    Published 4 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Immingham Eastern Ro-Ro Terminal development consent decision announced

    Source: United Kingdom – Executive Government & Departments

    The Immingham Eastern Ro-Ro Terminal application has today been granted development consent by the Secretary of State for Transport.

    The application comprises a new roll-on/roll-off facility comprising a new jetty with three berths, improved hardstanding, Terminal buildings and an internal side bridge to cross over existing port infrastructure. 

    The application was submitted to the Planning Inspectorate for consideration by Associated British Ports on 10 February 2023 and accepted for Examination on 06 March 2023. 

    Following an Examination during which the public, Statutory Consultees and Interested Parties were given the opportunity to give evidence to the Examining Authority, recommendations were made to the Secretary of State on 25 April 2024.  

    This is the 53rd transport application out of 144 applications examined to date and was again completed by the Planning Inspectorate within the statutory timescale laid down in the Planning Act 2008.  

    Local communities continue to be given the opportunity of being involved in the examination of projects that may affect them. Local people, the local authority and other Interested Parties were able to participate in this six-month Examination.  

    The Examining Authority listened and gave full consideration to all local views and the evidence gathered during the Examination before making its recommendation to the Secretary of State. 

    The decision, the recommendation made by the Examining Authority to the Secretary of State for Transport and the evidence considered by the Examining Authority in reaching its recommendation are publicly available on the project pages of the National Infrastructure Planning website. 

    Journalists wanting further information should contact the Planning Inspectorate Press Office, on 0303 444 5004 or 0303 444 5005 or email:  

    Press.office@planninginspectorate.gov.uk

    Updates to this page

    Published 4 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Inside the Oasis Restore secure school

    Source: United Kingdom – Executive Government & Departments

    YJB Chief Executive, Steph Roberts-Bibby reflects on her visit to the UK’s first secure school and its unique focus on education, healthcare and wellbeing.

    The secure school’s education centre.

    Back in May, I joined Minister Argar and the Youth Custody Service to visit the UK’s first secure school and explore its revolutionary approach to youth justice. As we toured the site, what stood out to me was an unmistakeable feeling of care.   

    The Oasis Restore secure school has now opened its doors and has started to welcome its first children.  

    What does the secure school offer?  

    The school, which was a former secure training centre, felt worlds away from my experiences as a prison officer at Feltham young offender’s institution (YOI) in 1997 and other adult prisons throughout my career, with more similarities to university accommodation than custody. The environment felt compassionate and child-orientated, nurturing children to change, grow and learn.  

    Security was built into the infrastructure without feeling oppressive, but still appropriately secure – there were no bars on the windows, no keys or locks, only wristband-operated fobs. It was these subtle differences that made me leave Oasis Restore feeling hopeful. 

    The bedrooms were calming and quiet with private ensuite bathrooms and built-in computer screens for doing homework and watching TV. The attention to detail throughout was evident. There was artwork on the walls, and soft blankets and sofas in the shared living spaces. These are incredibly important to help children learn to cohabit and foster a sense of community and responsibility. 

    Oasis Restore provides family rooms with kitchens so that children can cook and eat with their families when they visit. Our guide Dr Sadie pointed out that this can be very culturally important when living away from home, not least for successful rehabilitation but also for rebuilding existing family relationships. Siblings often visit with families, and evidence shows that intergenerational and sibling offending is common, so having a space promoting learning, togetherness and care is key to prevent further offending among families. 

    A shared living area in one of the flats at the secure school.

    The site boasts brand-new state-of-the-art facilities, including 3D printers in the design technology classroom, a hair and beauty salon and even music recording booths. While other sites do provide similar facilities, never had I seen them at this standard before. These facilities provide a wide range of educational opportunities, including core academic subjects and vocational training in areas like barbering, drama and catering, that children might otherwise have never been exposed to.  

    Therapeutic sensory rooms are also woven throughout the site. These supportive spaces have soft beanbags and padded walls to support children to regulate their emotions during the day and take time out when needed. 

    Looking to the future 

    As the tour was finishing, I stopped to speak to a restorative practitioner who was showing some of the creative activities on offer for children. She explained that she would be supporting children through every part of their day at Oasis Restore, be that walking with them to the education centre in the morning, or just being there to chat.  

    When I asked her what part of the new school she was most looking forward to, she said, “I’m just excited for the children to come now.” It’s clear that what makes this approach to youth custody different isn’t just the holistic model or the modern facilities; it’s the people.  

    Strong relationships between staff and children are at the heart of the Oasis model, to truly understand a child’s journey. Oasis Restore’s team are highly trained and committed to providing responsive, psychologically informed and developmentally appropriate models of support and education for children in their care. Relational practice is also crucial, with staff committed to loving children like their own, and this shone through from the practitioners I spoke with at the school.  

    The Oasis secure school is a prime example of how custody for children can and should be done: care-focused, needs-led and with children at the heart. This model inspires hope for the future about how we can best support children to go on to live crime-free lives and make our communities safer places with fewer victims. 

    What is a ‘secure school’?  

    The first-of-its-kind secure school in Rochester houses children who are on remand or sentenced to custody. But what exactly is a secure school? 

    Oasis Restore places education and healthcare at the heart of its approach to support children and steer them away from reoffending. This unique model was recommended by Charlie Taylor, the HM Chief Inspector of Prisons, who has long advocated for a different approach to children in custody. In 2016, prior to becoming Chair of the Youth Justice Board from 2017-2020, he conducted an independent review of the youth justice system 

    The Oasis Restore philosophy 

    At the Youth Justice Board, we have long advocated for a rethink of how children are cared for in custody. This is because our evidence tells us that to be effective, secure settings must be small and replicate a safe family home environment with a sense of community and trust. They should also have excellent healthcare and education provisions. 

    The Oasis Restore model mirrors this, and I was pleased to see that these values shine through when visiting the school. Oasis Restore is guided by the understanding that children are different from adults. Its philosophy ensures that each child’s voice is heard and valued, and opportunities are created for them to contribute within a school community.  

    In the words of the school: “Oasis Restore is a secure school enabling young people to live their best lives, through education, wellbeing, and hope.” 

    The secure school gives children the opportunity to make positive choices about their futures upon release from custody. By equipping them with essential skills and education, the school not only benefits children but hopes to reduce crime rates and make our communities safer places to live with fewer victims.  

    Who is the Oasis Restore secure school for? 

    Although the number of children in custody is the lowest on record since records began (an average of 440 children were in custody between 2022-23), we know that the children who remain in the secure estate are vulnerable and often have complex needs.  

    2021 Census data showed that more than three-quarters (79.8%) of people who went on to receive a custodial sentence had been identified with special educational needs (SEN) at some point during their schooling 

    Lower education levels are also likely. The same dataset also found that young adults who receive custodial sentences have lower levels of educational attainment, with only 37% achieving the expected level of English and maths by the end of key stage 2 compared with 53% of peers with non-custodial sentences.  

    In a 2022 joint inspection of education, training and employment services from HM Inspectorate of Probation, almost 65% of children had been excluded from school from at some point 

    Justice-involved children have also experienced higher levels of trauma throughout childhood and themselves are victims. This makes it crucial for the school to be care-focused, needs-led, and Child First. In one study of 80 children, over 75% had experienced family violence or child abuse  

    The secure school will care for children aged between 12-18-years-old who are on remand or sentenced to custody. It will be home to up to 49 children at any one time, both girls and boys. Every child will be enrolled in formal education or training and encouraged into further study or employment on release. This innovative new model of care will promote rehabilitation and contribute to positive outcomes for children, leading to fewer victims and safer communities. 

    The Discovery-i education centre at the secure school.

    What makes Oasis Restore different? 

    The Oasis Restore secure school is unique in its approach and Steve Chalke, founder of Oasis Charitable Trust, said to visitors at the opening event: “From the day children arrive, the focus is on preparing them for the day they leave.”  

    The school has been co-designed with children working with youth justice services and will be registered as both an academy and a secure children’s home. It will be inspected by Ofsted and held to the same standards as other schools across England.  

    While the current secure estate is not fit for purpose, the secure school offers a Child First redesign. It’s an innovative, holistic approach to custody for children within a secure setting. This is what distinguishes the secure school from existing youth custody provisions and sends a message to children that they are valued; something many may not have experienced growing up.  

    I spoke to a colleague from NHS England during the visit, a key partner in the development of the school, and heard about just some of the wellbeing services on offer, including advice on dieting, smoking, body image, as well as wider mental health and physical health support.  

    Education at the school is based on the reflective practice model, with a therapeutic approach to learning. It is recognised that many of the children who will live at the secure school are likely to be disengaged from education and so staff are specially trained to focus on one-to-one support and children’s individual needs, which their curriculum will be tailored around.  

    A place of hope 

    The secure school is a place where children can feel safe and be supported by well-trained staff who are committed to developing positive purpose. We at the YJB support and advocate this approach in line with the evidence base. I echo the words of Ed Cornmell, Executive Director of the Youth Custody Service, when he says the school represents a “revolutionary change for the youth justice system.” 

    Find out more about the Oasis Restore secure school

    Updates to this page

    Published 4 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: UN Human Rights Council 57: UK statement for Item 9 General Debate

    Source: United Kingdom – Executive Government & Departments

    UK Statement for Item 9 General Debate on racism, racial discrimination, xenophobia, and related forms of intolerance. Delivered by the UK’s Human Rights Ambassador, Eleanor Sanders.

    Location:
    Geneva
    Delivered on:
    (Transcript of the speech, exactly as it was delivered)

    Thank you Mr Vice President,

    The UK condemns all forms of racism, racial discrimination and xenophobia and related forms of intolerance. We remain steadfast in our commitment to combatting it, at home and abroad.

    We celebrate Black History Month this October in the UK. That is a moment to reflect on the impact of black heritage and culture on our country and our place in the world. It’s a chance to celebrate the enormous contribution of black Britons in all walks of life. It is also a chance for us to acknowledge some of our country’s most painful history.

    As in all societies, challenges persist. Ongoing efforts to address racial and ethnic inequalities are essential to ensure better outcomes for all communities.

    The UK stands firmly against the scourge of racism and is committed to taking further meaningful action domestically and internationally to shape a better society for all. This includes bringing forward new legislation to tackle persistent racial inequalities. We are dedicated to fostering a society where everyone, regardless of race, ethnicity or background, can thrive and live a life free from discrimination and intolerance.

    Updates to this page

    Published 4 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: UN Human Rights Council 57: UK statement on racism

    Source: United Kingdom – Executive Government & Departments 3

    UK Statement on racism, racial discrimination, xenophobia, and related forms of intolerance. Delivered by the UK’s Human Rights Ambassador, Eleanor Sanders.

    Location:
    Geneva
    Delivered on:
    (Transcript of the speech, exactly as it was delivered)

    Thank you Mr Vice President,

    The UK condemns all forms of racism, racial discrimination and xenophobia and related forms of intolerance. We remain steadfast in our commitment to combatting it, at home and abroad.

    We celebrate Black History Month this October in the UK. That is a moment to reflect on the impact of black heritage and culture on our country and our place in the world. It’s a chance to celebrate the enormous contribution of black Britons in all walks of life. It is also a chance for us to acknowledge some of our country’s most painful history.

    As in all societies, challenges persist. Ongoing efforts to address racial and ethnic inequalities are essential to ensure better outcomes for all communities.

    The UK stands firmly against the scourge of racism and is committed to taking further meaningful action domestically and internationally to shape a better society for all. This includes bringing forward new legislation to tackle persistent racial inequalities. We are dedicated to fostering a society where everyone, regardless of race, ethnicity or background, can thrive and live a life free from discrimination and intolerance.

    Updates to this page

    Published 4 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Flourishing Lives: all welcome at our Older Persons’ Day pop-up events

    Source: St Albans City and District

    Publication date:

    Four fun and informative pop-up events are to be held across St Albans District to celebrate Older Persons’ Day.

    St Albans City and District Council has organised the events, called Flourishing Lives, along with partner organisations to highlight the contribution older people make to our community.

    There will be opportunities to socialise and find out about services that keep older residents safe, connected and independent.

    Anyone can drop in for a chat over a cup of tea at the pop-up events in St Albans, Wheathampstead, London Colney and Redbourn.

    Council officers will be available to explain a range of services including housing and the welfare benefits older people may be entitled to.

    Citizens Advice, Communities 1st, Age UK and other groups which work with older people will be present. Information on issues such as the location of warm spaces during cold spells will be available.

    Representatives from Hertfordshire Police, Trading Standards and the Fire Service may be in attendance to talk about issues such as crime prevention.

    Free refreshments will be provided with the pop-ups taking place at:

    • Wheathampstead, Marford Memorial Hall, Monday 21 October, 10am to 12:30pm;
    • St Albans Civic Centre, Wednesday 23 October, 1pm to 3:30pm;
    • Redbourn Village Hall, Thursday 24 October, 9:30am to 12pm;
    • London Colney Caledon Centre, Monday 28 October 10am to 12:30pm.

    The International Day of Older Persons is celebrated around the world every year in early October and is followed by weeks of special events.

    Amanda Foley, the Council’s Chief Executive, said:

    It is important that we join in with organisations all over the world to celebrate our fantastic older people and the great contribution they make to our communities.

    We also want to make older people aware of all the services and opportunities available to them so they can lead fulflling lives and not become socially isolated.

    These free events offer information about how to participate in a range of social and fund activities, including art and keep-fit clubs. There will be details about volunteering too.

    These are relaxed occasions. Everyone is welcome to drop in for a chat, pick up leaflets, discover new activities and discuss any issues they have.

    Media contact: John McJannet, Principal Communications Officer, St Albans City and District Council: 01727-919533; john.mcjannet@stalbans.gov.uk.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New energy efficiency grants for homes not heated by mains gas

    Source: City of York

    Eligible households in York which aren’t heated by mains gas are being given free energy-efficiency boosts by the Council for greater comfort, lower bills and less carbon output.

    During this month of environmental action in York (14 September-12 October), residents are being urged to check their eligibility and grab a grant for measures suitable for their home.

    The grants are for up to 60 households which are owned or privately rented. They offer energy-efficiency measures suitable for homes ranging from insulation upgrades to modern low-carbon heating systems or even photovoltaic panels. Eligible homeowners can get 100% grants and eligible private landlords can get 66% grants.

    Eligible homes must:

    • have a total household annual income of £36,000 or less, or live in specific areas
    • be heated primarily by non-gas fuel such as oil, liquid petroleum gas (LPG), coal, solid fuels or electricity
    • have an Energy Performance Certificate (EPC) rating of D or lower.

    If the household is eligible and the home is suitable, the grant can be used for one or a number of improvements. These could include:

    • Wall, loft and floor insulation
    • New, efficient low-carbon heating system
    • Solar photovoltaic (PV) which generate free electricity
    • High heat-retaining electric storage heaters.

    Sixteen postcodes in York have been identified where residents can automatically qualify for the grant if their home isn’t heated mainly by gas and has an EPC rating of D or below. Residents can see if they live in a pre-qualified area using this interactive map – simply add the address or postcode in the search bar to find out.

    Residents living outside those postcodes in a home with an EPC rating of D or below and isn’t heated mainly by gas, will be eligible only if their household income is £36,000 or less.

    If a home’s EPC rating is unknown, please contact the Council’s delivery partner, Clear Climate, to discuss an assessment as part of your application.

    Steve Coupland, a resident of Stockton on the Forest, applied and qualified for a grant for his bungalow. For the council, contractor Clear Climate assessed his home and installed 300 millimetre-thick loft insulation, and a low-carbon heating system via an air source heat pump (ASHP) which is about three times more efficient than LPG, oil, electricity and gas boilers.

    The ASHP now provides him with hot water for a new central heating system and six new radiators, the system can be controlled by a phone app or a control panel. He has access to instant hot water throughout his home fed by his new accompanying insulated hot water tank.

    Steve said:

    The loft insulation has made a vast difference already: it’s 300mm deep now which is really warm so I’ve not needed to switch on my new heating yet. The installation was a fantastic job: clean and tidy and they were in and out in three days.

    “Last winter was a bit grim, but this year I’m hoping the insulation and heating system will halve my bills at least.”

    Cllr Michael Pavlovic, Executive Member for Housing, said:

    Don’t wait to get your grant! The improvements will help your home stay cooler in summer and warmer in winter, while saving on carbon emissions and on your energy bills. They’re designed not to be too disruptive to install – and you’ll certainly feel the difference when they’re in.

    “If you’re eligible, please take up this terrific offer to benefit you and future generations who live in your home!”

    Cllr Jenny Kent, Executive Member for Environment, said:

    Every house is different and the solution for your home will be tailor-made to ensure that it is more comfortable and cheaper to run. We look at each house construction and where it needs insulation to stop heat escaping. Then we check if it’s suitable for electricity generating panels and/or identify the most effective form of low-energy heating with the lowest carbon impact.

    “60 upgrades are on offer and we want them all to be used; check if you qualify and get in touch with the team.”

    City of York Council is writing to eligible residents and is working with contractor Clear Climate to deliver this project, and who are visiting pre-qualified postcodes.

    Other funding is being used by the Council to improve energy efficiency in council homes.

    To find out if you and your home are eligible and to see the pre-qualifying postcodes, please visit http://www.york.gov.uk/HUG or contact Clear Climate by calling 0191 710 2550, texting 0786 090 7354 or emailing sales@clearclimate.co.uk.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Next step in digital journey for city’s libraries

    Source: City of Stoke-on-Trent

    Published: Friday, 4th October 2024

    Access to printing facilities in libraries across Stoke-on-Trent are set to be improved by installing Wi-Fi printing.

    Stoke-on-Trent City Council were successfully awarded £300,000 from the Libraries Improvement Fund and one part of this project is to improve the printing facilities across all six libraries in the city.

    It means people will now be able to print from their own device instead of relying on computer libraries, a move which will make working or studying at the library even more appealing.

    Digital access in Stoke-on-Trent libraries is evolving to meet customer needs. The trend points towards library users preferring to bring their own device instead of relying on library computers.

    In the years 2023/24, there were 248,276 visits to the libraries in the city, with 16,552 Wi-Fi logins and 41,345 logins onto the public PCs.

    By securing this grant funding, this will enable residents who access Wi-Fi with their own devices to make use of printing facilities.

    Customer experience will be made easier and quicker and for Stoke-on-Trent libraries and it will be a source of support for people who do not have access to printing.

    Councillor Alastair Watson, Cabinet member for Financial Sustainability and Corporate Services, said: “I welcome this grant funding and another stage in the journey of giving libraries the digital edge alongside the books.

    “By installing this printing software, it will free up staff time at the libraries, so they can assist customers who may struggle, due to limited I.T knowledge. It will also provide extra support to those without access to these digital facilities or who see the library as part of their social experience.

    “I hope residents will make good use of it and enjoy the library space.”

    The go live launch for wireless printing is Monday, October 14. Between Monday October 7 and Friday October 11, 2024, work will be underway to install the wireless printing capabilities.

    MIL OSI United Kingdom –