Category: Finance

  • MIL-OSI Banking: DG Okonjo-Iweala underscores importance of partnerships to support LDCs

    Source: WTO

    Headline: DG Okonjo-Iweala underscores importance of partnerships to support LDCs

    Co-organized by Djibouti, Finland and the Executive Secretariat of the Enhanced Integrated Framework (EIF), the event focused on strengthening international partnerships in support of LDC trade and investment priorities. The vision for EIF Phase Three – the next stage of this Aid for Trade programme exclusively dedicated to LDCs – was also presented. Several countries announced new funding commitments to this new phase of the EIF.
    Several donors pledged new contributions to the EIF Trust Fund, providing strong momentum for Phase Three, which is set to begin in October 2025. Sweden announced a contribution of SEK 75 million (approx. CHF 6.3 million), Denmark DKK 20 million (approx. CHF 2.5 million), Norway NOK 12 million (approx. CHF 0.9 million), France EUR 300,000, (approx. CHF 0.3 million) and Liechtenstein CHF 50,000, building on Finland’s earlier pledge of EUR 2.5 million (approx. CHF 2.3 million) and a GBP 400,000 (approx. CHF 0.4 million) contribution from the United Kingdom to EIF Phase Three. These pledges will help ensure a solid start to the next phase of EIF support, which is designed to deliver catalytic and transformative impact for LDCs through trade.
    In her opening remarks, DG Okonjo-Iweala highlighted the growing gap between development needs and available resources, emphasizing the ongoing relevance of the EIF in helping LDCs benefit from trade. She noted that the partnership has “gone from strength to strength,” supporting USD 1 billion in LDC exports and enabling hundreds of thousands of small farmers and entrepreneurs to improve their livelihoods.
    She also shared the story of Sittina Farate Ibrahima from Comoros, whose biocosmetics business was developed with EIF support. “Today, 80% of her products are exported to Europe. This is what Aid for Trade to LDCs is all about.”
    Looking ahead, the Director-General welcomed the shared ambition behind EIF Phase Three and its USD 200 million funding target. “`We hope we can count on all the partners in bringing this vision to life, she said, noting that the event would serve as “a springboard for a high-level launch of the next phase of the EIF partnership at the 14th Ministerial Conference.”
    The event brought together ministers from Djibouti, Finland and Guinea, along with senior representatives from other least-developed and donor countries, including Sweden, Denmark, France, Germany, Norway, Liechtenstein and the United Arab Emirates. UNCTAD Secretary-General Rebeca Grynspan delivered closing remarks, alongside representatives from other international organizations and other development partners. Discussions focused on priorities for EIF Phase Three, which will run up to 2031.
    “From the perspective of the WTO LDC Group, EIF Phase Three comes at a critical time,” said H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance of Djibouti. “What we need is a mechanism that catalyses our efforts, brings innovation to respond to our evolving trade and investment priorities, supports stronger institutions, and helps unlock new partnerships. We see in the vision for EIF Phase Three a foundation to move towards precisely that. For many of our countries, including my own, the EIF has not only been a financial and technical partner. It has also been a catalyst for inclusive economic transformation.”
    “Finland is a longstanding supporter of multilateral efforts to strengthen the trade capacities of least-developed countries,” said H.E. Ville Tavio, Minister for Foreign Trade and Development of Finland. “We believe in the transformative power of trade as, when matched with targeted support and strong local ownership, it can unlock lasting development impact. The EIF has consistently proven to be a trusted and effective partner for LDCs. As it enters a new phase, we see an opportunity to deepen its reach and amplify its role in advancing inclusive and sustainable growth. Finland is proud to contribute to this next chapter.”
    A follow-up pledging and partnership event is scheduled for September 2025 on the margins of the WTO Public Forum in Geneva.
    EIF Phase Three aims to mobilize at least USD 200 million to help LDCs strengthen trade capacities, expand exports, and harness trade for inclusive, sustainable development.
    More information on the EIF and its work is available here.

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    MIL OSI Global Banks

  • MIL-OSI: Rivalry Reports Full-Year 2024 Results as Strategic Turnaround Takes Hold, Operating Loss Narrows, and Efficiency Improves

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 02, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY), an internationally regulated sports betting and media company, announces its financial results for the fiscal year ended December 31, 2024.

    While Rivalry’s 2024 financials reflect only the earliest signals of its company-wide restructuring, the foundational work – most of which began in the second half of 2024 – is now beginning to show results in 2025. The Company narrowed its net loss, reduced operating expenses by 17%, and entered the new year leaner, more focused, and closer to breakeven.

    “We made hard decisions last year – rebuilding the product, cutting costs, and refining our approach to players – and those changes are beginning to show signs of positive impact,” said Steven Salz, Co-Founder and CEO of Rivalry. “The latter half of 2024 set the stage, and we’re encouraged by the progress seen so far in 2025.”

    FY2024 Highlights

    • Net revenue of $13.6 million, compared to $16.2 million in 2023.
    • Operating expenses decreased 17% to $32.2 million, down from $38.8 million.
    • Net loss of $22.4 million, compared to $23.8 million.
    • Deferred revenue of $4.1 million related to pre-sales of Rivalry’s on-platform crypto token.
    • Year-end cash of $2.7 million, with materially lower run-rate operating expenses entering 20251.

    Organizational Rebuild & Operating Leverage

    Rivalry spent the latter part of 2024 and into Q1 2025 executing a comprehensive overhaul across its cost base, product, player strategy, and operational structure. With most changes now implemented, early signs of progress are emerging. Highlights include:

    • Lean operating model, with breakeven net revenue now approximately $600,000 USD/month, down from over $2 million USD/month a year ago. Further reductions to operating costs are planned in Q3 2025 to lower the breakeven point even more.
    • Restructured VIP program and onboarding, improving retention and monetization from high-value players.
    • Expanded casino product, improving baseline stability through missions, races, and progression-based systems.
    • Platform upgrades enhancing site speed, responsiveness, and conversion.
    • Crypto-native infrastructure overhaul, including a rebuilt cashier, improved user experience (“UX”), and token-ready architecture to support long-term on-chain growth.

    These efforts have driven early improvements across the Company’s core key performance indicators in 2025:

    • Net revenue per active user and wagers per user at record levels (excluding customary outliers).
    • Deposit growth in nearly every month from November 2024 through June 2025, despite minimal marketing spend.
    • Monthly new first-time depositors (FTDs) up approximately 40% since January 2025 on flat monthly spend. Average payback on cohorts acquired during this period was approximately 1.5 months, highlighting improved customer acquisition efficiency.

    2025 Momentum and Execution

    In the first half of 2025, Rivalry continued executing against its strategic turnaround, with a focus on increasing player value, tightening operational efficiency, and accelerating near-term revenue drivers. Key initiatives included:

    • Loyalty Program v2: Building on the success of the end-2024 launch, the next iteration of Rivalry’s on-site loyalty program is in development, designed to deepen progression, improve engagement, and anchor major campaigns throughout Q3 2025.
    • New Promo Engine: Launching this summer, the rebuilt system introduces immediate-match deposit offers and new promo types, integrated directly into onboarding and reactivation flows to lift first time deposits and retention.
    • Customer Relationship Management (“CRM”) and Always-On Optimization: Active performance reviews of core flows, geo-targeted reactivation campaigns, and structural upgrades to improve output across the customer lifecycle.
    • VIP & High-Value-Player Activity: Fully structured outreach live across geos, with segmentation, high-touch CRM, and LTV-based targeting to reactivate high-value-players.
    • Cashier & Site Speed: Continued improvements to platform speed, including faster load times, and reduced friction in cashier UX.
    • Ongoing UX Improvements: Consistent updates across the site aimed at visual polish, design coherence, and front-end responsiveness to deliver a cleaner, more reliable user experience.

    These initiatives have laid a foundation entering the second half of 2025. The focus now is on maintaining momentum, tightening execution, and scaling revenue through improved player economics and operational leverage.

    Strategic Review

    The Company’s previously announced evaluation of strategic alternatives remains ongoing. Rivalry continues to explore a range of potential outcomes aimed at maximizing shareholder value. There is no assurance regarding the timing or results of this review.

    Outlook

    While the 2024 annual results capture only the early innings of Rivalry’s strategic transformation, the changes made throughout the year have meaningfully repositioned the Company. With a leaner cost structure, stronger product, and increasing revenue efficiency, Rivalry is entering the second half of 2025 with sharper operational discipline and renewed focus.

    Additional updates will be provided alongside the release of the Company’s financial results for the three months ended March 31, 2025, which are expected to be released on or prior to July 14, 2025.

    Unsecured Loan

    The Company also announces that it has secured a US$475,000 principal amount senior unsecured loan from its existing senior lender, maturing on September 30, 2025, with an interest rate of 10% per annum (the “Loan”). The Loan reinforces the Company’s senior lender’s support for the Company’s ongoing strategic review process and provides the Company with additional flexibility to continue pursuing its strategic initiatives to maximize long-term stakeholder value.

    Update Regarding Management Cease Trade Order

    The Company is providing this update on the status of a management cease trade order granted on May 1, 2025 (the “MCTO“) by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“). On May 2, 2025, the Company announced that there would be a delay in the filing of its annual financial statements, management’s discussion and analysis and related CEO and CFO certificates for the fiscal year ended December 31, 2024 (collectively, the “Annual Filings”), as required under applicable Canadian securities laws (the “Default Announcement“). On June 18, 2025 the Company further announced that it expects to file its unaudited financial statements and management’s discussion and analysis for the three months ended March 31, 2025 and related certifications (collectively, the “Q1 Filings“) on or prior to July 14, 2025. Although the Annual Filings have now been filed, the OSC has advised the Company that the MCTO will remain in place until the Q1 Filings have been completed.

    The Company advises that: (i) there have been no material changes to the information contained in the Default Announcement; (ii) it intends to continue to comply with the alternative information guidelines of NP 12-203; and (iii) except as previously disclosed, there are no subsequent specified defaults (actual or anticipated) within the meaning of NP 12-203.

    The MCTO will remain in effect until the Company is no longer in default with respect to its filing requirements and the OSC lifts the cease trade order.

    About Rivalry

    Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet.

    No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

    Company Contact:
    Steven Salz, Co-founder & CEO
    ss@rivalry.com

    Investor Contact:
    investors@rivalry.com

    Cautionary Note Regarding Forward-Looking Information and Statements

    This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expected filing date of the Q1 Filings, the impact of the Company’s strategic overhaul across its cost base, product, player strategy, and operational structure on its operating results and the results of the Company’s ongoing strategic review.

    Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company’s ability to operate as a going concern; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the 12 months ended December 31, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

    No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

    1 Includes cash and cash equivalents and restricted cash.

    The MIL Network

  • MIL-OSI: Radware Schedules Conference Call for Its Second Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, July 02, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, will announce its second quarter results on Wednesday, July 30, 2025.

    Conference Call Details
    Radware management will host a call on Wednesday, July 30, 2025, at 8:30 AM EDT to discuss its second quarter 2025 results and outlook for the third quarter of 2025. Participants are advised to join the call approximately 15 minutes before the start time.

    US: 1-877-704-4453 (toll free)
    International: 1-201-389-0920

    In addition, the call will be webcast live on the Company’s website at http://www.radware.com/ir/investor-events/.

    A replay of the call will be available for seven days, starting two hours after the end of the call, on telephone number 1-844-512-2921 (toll free) or 1-412-317-6671. Access ID: 13754237.

    About Radware
    Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

    Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube.

    ©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

    Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

    The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

    Safe Harbor Statement
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications, and hardware that are developed by others; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

    CONTACTS
    Investor Relations:
    Yisca Erez, +972-72-3917211, ir@radware.com

    Media Contact:
    Gerri Dyrek, gerri.dyrek@radware.com

    The MIL Network

  • MIL-OSI: Everything Blockchain Inc. Eyes Historic First: Tokenizing OTC Stock After Robinhood’s Market-Defining Shift

    Source: GlobeNewswire (MIL-OSI)

    Jacksonville, July 02, 2025 (GLOBE NEWSWIRE) — Everything Blockchain Inc. (OTC: EBZT), a public company focused on owning and staking the world’s fastest-growing crypto networks, announced today that it is actively preparing to tokenize its stock upon completion of its pending capital raise scheduled for early-to-mid July. This groundbreaking move would position EBZT as the first U.S. OTC-listed company to bring its equity fully on-chain, following in the footsteps of major industry players like Robinhood Markets, Superstate, and xStockFi.

    Market Validation from Industry Giants

    On June 30th, Robinhood unveiled its own stock tokenization rollout at its inaugural crypto keynote in France, enabling European investors to trade tokenized versions of major U.S. equities such as Apple and NVIDIA, 24/7, via blockchain rails. EBZT’s proposed strategy aligns with this broader market evolution and builds upon it with a historic first for OTC markets.

    “We see tokenization as not just a technology upgrade, but as a core shift in how public companies interact with shareholders, access capital, and create transparency,” said Steven Maik, CTO of Everything Blockchain.

    “Robinhood’s move validates what we’ve been planning for months,” added Arthur Rozenberg, CEO of Everything Blockchain. “As the first OTC company to take this step, we’re pioneering a new frontier for retail investors and opening entirely new possibilities for how public companies can operate on blockchain infrastructure.”

    Industry Momentum Confirms Historic Opportunity

    EBZT is evaluating strategic opportunities within the tokenization ecosystem and intends to explore potential collaboration frameworks with leading platforms including Superstate and xStockFi as it develops its on-chain infrastructure.

    Massive Market Projections

    • $24 Trillion Market: HSBC forecasts tokenized assets could reach 10% of global GDP by 2027
    • $3.3 Trillion Crypto Market: Current cryptocurrency market capitalization continues growing
    • Retail Demand: Infrastructure requirements accelerating as retail investors seek 24/7 access

    EBZT’s plan to become the first OTC company to tokenize its equity while building a public blockchain treasury positions the company at the center of this global financial transformation.

    Backed by Strategic Crypto Treasury Plan

    Tokenization is just one part of EBZT’s board-approved strategy. The company also plans to build a diversified crypto treasury, focused on owning and staking five of the fastest-growing blockchain networks:

    • Solana (SOL) – high-speed DeFi and NFT platform
    • XRP (Ripple) – global payments and settlement
    • Hyperliquid (HYPE) – emerging decentralized exchange
    • Bittensor (TAO) – decentralized AI protocol
    • Sui (SUI) – next-gen smart contract platform

    The goal is to build a blockchain-native treasury that generates income from validator rewards and protocol incentives. Execution will begin once funding is secured.

    Historic Market Leadership

    As traditional financial markets increasingly embrace blockchain technology, EBZT’s dual strategy of being the first OTC tokenization and crypto treasury development creates unprecedented value drivers:

    Historic First-Mover Advantage

    • Pioneer Status: The first OTC company to fully tokenize equity
    • Uncharted Territory: Opening entirely new market category for retail investors
    • Market Leadership: Setting the standard for OTC blockchain integration

    Strategic Value Drivers

    • Diversified Exposure: Direct ownership of leading blockchain networks focused on Solana’s ecosystem
    • Operational Innovation: Enhanced shareholder experience through cutting-edge technology
    • Market Validation: Strategy aligned with major institutional players but first in OTC space

    Retail Investor Benefits

    • Access to Innovation: First opportunity to own tokenized OTC equity
    • Crypto Exposure: Diversified blockchain treasury provides crypto market exposure through Solana-focused strategy
    • 24/7 Flexibility: Trade on your schedule, not market hours

    The convergence of these trends positions EBZT to capture massive value from the broader transformation of global financial infrastructure while giving retail investors unprecedented access to both tokenized equity and crypto treasury exposure powered by Solana’s high-performance blockchain.

    For more information, visit: www.everythingblockchain.io or follow us on twitter: x.com/ebzt_ 

    About Everything Blockchain Inc.

    Everything Blockchain Inc. (OTC: EBZT) is a public company focused on identifying and capitalizing on opportunities within the rapidly evolving blockchain and cryptocurrency sectors. The company’s strategy centers on building a diversified portfolio of leading crypto networks, with primary focus on Solana infrastructure, while pioneering innovative approaches to public company operations through blockchain technology. EBZT is positioned to become the first U.S. OTC-listed company to fully tokenize its equity.

    For more information, visit: www.everythingblockchain.io

    Contact Information

    Arthur Rozenberg
    CEO, Everything Blockchain, Inc.
    arthur.rozenberg@everythingblockchain.io

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to plans related to tokenization, treasury strategy, market opportunities, capital raises, and anticipated benefits of proposed initiatives. These statements are based on current expectations and involve risks and uncertainties, including but not limited to: the completion of necessary financing, regulatory approval, technical execution, market acceptance, competitive factors, and general economic conditions.

    Actual results may differ materially from those expressed or implied in forward-looking statements. Everything Blockchain Inc. undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

    The MIL Network

  • MIL-OSI: Hut 8 Secures Five-Year Capacity Contracts with IESO for 310 MW of Power Generation Assets

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 02, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that each of its four natural gas-fired power plants in Ontario (collectively, the “Portfolio”) has been awarded a five-year capacity contract with the Ontario Independent Electricity System Operator (“IESO”). The Portfolio is owned and operated by Far North Power Corp. (“Far North”), an entity formed by Hut 8 and Macquarie Equipment Finance Ltd. (“Macquarie”), a subsidiary of Macquarie Group Limited, a global financial services group.

    The contracts were awarded to Far North following successful bids submitted into the competitive IESO Medium-Term 2 (“MT2”) capacity auction and will commence on May 1, 2026. The contracted assets total 310 MW of nameplate capacity across four sites: Iroquois Falls, Kingston, Kapuskasing, and North Bay. The contracts include a weighted average capacity payment of approximately CAD $530 per MW-business day in Year 1 with partial inflation indexation that allows for potential increases over time.

    “Securing these contracts is a testament to the commercial and regulatory fluency of our power-native team,” said Asher Genoot, CEO of Hut 8. “It reflects our proactive approach to portfolio management and our focus on identifying value-accretive opportunities to maximize returns on our Power assets.”

    “This milestone for Far North is affirmation of the business and our relationship with Hut 8,” said Joshua Stevens, Managing Director in Macquarie Group’s Commodities and Global Markets business. “These contracts position the Far North power plants in Ontario for long-term relevance in a capacity-constrained power market, demonstrating the value we strive to bring as a capital provider.”

    Transaction Highlights

    • Creditworthy Offtaker: Government-backed counterparty rated AA3 (Positive) by Moody’s
    • Cash Flow Stabilization: Transition from short-term seasonal capacity agreements to fixed five-year contracts enhances revenue certainty and reduces earnings volatility
    • Upside Potential: Additional cash flow potential through energy sales into the Ontario market, where IESO projects 75% electricity demand growth by 2050 and a capacity shortfall of up to 5.8 GW by 2030, supporting increased reliance on existing dispatchable assets

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the commencement date of the MT2 contracts, the pricing and other terms of the MT2 contracts, the upside and additional cash flow potential through energy sales into the Ontario market anticipated, and the benefits to Hut 8 and Far North of the MT2 contracts, and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    The MIL Network

  • MIL-OSI: Hyperscale Data Subsidiary Sentinum is Resuming Bitcoin Mining at Montana Facility

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, July 02, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned subsidiary Sentinum, Inc. (“Sentinum”), has completed the reenergizing of approximately 10 megawatts of power at its Montana facility and is resuming Bitcoin mining operations. Sentinum expects to have approximately 50 S19j Pro Antminers (“Antminers”) in operation today, which will be increased to approximately 2,600 within the next week. Sentinum anticipates increasing operations to full capacity of approximately 3,200 Antminers by the end of July 2025.

    The resumption of Bitcoin mining operations in Montana follows months of strategic planning and execution by the Sentinum team and is aimed at improving profitability and capitalizing on underutilized power at Sentinum’s Montana site.

    “We are excited to announce the resumption of Bitcoin mining operations in Montana and are happy with the execution from the Sentinum team,” stated Will Horne, Chief Executive Officer of Hyperscale Data. “This year, the appreciation of Bitcoin has slightly outpaced the increase in the difficulty to mine Bitcoin. Bringing Bitcoin mining operations back online in Montana will help with Sentinum’s operational flexibility while increasing top line revenues and capitalizing on the recent appreciation in the price of Bitcoin.”

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence (“AI”) ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to operate in the digital asset space as described in the Company’s filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network

  • MIL-OSI Russia: A residential complex will be built on the banks of the Skhodnya River as part of the KRT project to implement the renovation program

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Two areas in the Yuzhnoye Tushino and Pokrovskoe-Streshnevo districts will be reorganized under the integrated territorial development program (ITD). The corresponding draft resolution published on the mos.ru portal. This was reported by the Minister of the Moscow Government, Head of the Department of Urban Development Policy Vladislav Ovchinsky.

    The project for the integrated development of territories in the North-West Administrative District is aimed at implementing a renovation program.

    “The two sites subject to redevelopment, with a total area of 5.08 hectares, are located in different areas of the district – Yuzhnoye Tushino and Pokrovskoe-Streshnevo, but in close proximity to each other. They are separated by the Skhodnya River. A new residential complex will be built on its banks in accordance with the high standards of the renovation program. Its total area will be 130.6 thousand square meters, and the area of the apartments will be approximately 81 thousand square meters. Due to the placement of shops, cafes and other small and medium-sized businesses on the ground floors, about 500 jobs will also be created here,” said Vladislav Ovchinsky.

    The plots are located in Pokhodny and 2nd Tushinsky Proezd. The natural monument “Skhodnensky Ladle” is a 15-minute walk away. Volokolamsk Highway is nearby. The picturesque area will be further improved, including areas for walking and recreation, children’s and sports grounds. There are several schools, kindergartens and medical institutions near the future new buildings. The project is planned to be implemented within six years.

    Earlier, within the framework of the KRT project, it was also planned to construct a building for the college on this territory with an area of 33 thousand square meters. Later, the city decided to increase its area and build it within the framework of the Targeted Investment Program.

    According to the program of integrated development of territories, multifunctional city blocks are being created, where roads, comfortable housing and all necessary infrastructure are being designed on the site of former industrial zones and inefficiently used areas. Currently, 302 KRT projects with a total area of about 4.2 thousand hectares are at various stages of development and implementation in Moscow. This work is being carried out on behalf of Sergei Sobyanin.

    Renovation program approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses. Earlier, the Mayor of Moscow ordered to increase the pace of implementation of the program in twice.

    Moscow is one of the leaders among regions in terms of construction volumes. High rates of housing construction correspond to the goals and initiatives of the national project “Infrastructure for life”.

    Get the latest news quickly official telegram channel the city of Moscow.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/156170073/

    MIL OSI Russia News

  • MIL-OSI Europe: Sweden: EIB backs DanAds to accelerate advertising technology to compete with tech giants

    Source: European Investment Bank

    The European Investment Bank (EIB) is lending €21 million (around 230 million Swedish kronor) to Swedish software company DanAds to help small and medium-sized enterprises (SMEs) in Europe and beyond gain access to premium online advertising channels. The financing will enable DanAds to expand its operations and accelerate the development of automated, AI-driven advertising solutions. These technologies will allow advertisers, especially smaller ones, to purchase advertising directly from major publishers’ ad inventory – providing access to premium advertising space that were previously out of reach.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Reappointment of the Judicial Appointments and Conduct Ombudsman

    Source: United Kingdom – Government Statements

    News story

    Reappointment of the Judicial Appointments and Conduct Ombudsman

    His Majesty The King has approved the reappointment of Douglas Marshall as the Judcial Appointments and Conduct Ombudsman.

    His Majesty The King, on the recommendation of the Lord Chancellor, has approved the reappointment – for 5 years from 1 March 2026 – of Douglas Marshall as Judicial Appointments and Conduct Ombudsman.

    The reappointment of the Judicial Appointments and Conduct Ombudsman is regulated by the Commissioner for Public Appointments and has been made under Paragraph 1 of Schedule 13 of the Constitutional Reform Act 2005.

    Biography

    Douglas Marshall is Pathways to Impact Manager at Childlight; Global Child Safety Institute based in Edinburgh, working to combat the global pandemic of child abuse. His previous career included 30 years’ service with Cumbria Constabulary retiring as a senior detective. At the latter end of his service, he was the Deputy National Co-ordinator on Operation Hydrant (the national policing response, oversight, and co-ordination of non-recent child sexual abuse). He returned to Cumbria Constabulary completing five years as a Police Staff Senior Investigating Officer. During his police service he was Senior Investigating Officer on several high-profile cases in Cumbria. He is formerly a director of a private investigation company in Scotland and has a consultancy for investigations.

    Updates to this page

    Published 2 July 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: LCQ10: Combating abuse of public welfare and public housing

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Steven Ho and a written reply by the Acting Secretary for Housing, Mr Victor Tai, in the Legislative Council today (July 2):

    Question:

         Under the existing system, applicants of the Comprehensive Social Security Assistance (CSSA) Scheme (excluding the Guangdong Scheme and the Fujian Scheme) and the Social Security Allowance (SSA) Scheme must satisfy the residence requirements and the permissible limits of absence from Hong Kong (absence limits). In addition, tenants of public rental housing (PRH) must continuously reside in the units. However, it is learnt that some people are still enjoying benefits such as old age allowances and PRH despite residing abroad. In this connection, will the Government inform this Council:

    (1) as it is learnt that while the Social Welfare Department only uses identity card numbers to verify CSSA and SSA recipients’ travel records with the Immigration Department (ImmD), some people enter and exit Hong Kong with their passports in order to circumvent checks against the absence limits, taking advantage of the loophole in the absence of connection between travel records based on identity cards and those based on passports, whether the Government has investigated the veracity of the aforesaid situation; whether the Government has assessed the annual loss of public money arising from this loophole, and whether it has enhanced the verification mechanism to plug the loophole; if it has enhanced the verification mechanism, of the details (including the effectiveness of the enhanced mechanism); if not, the reasons for that;

    (2) whether the Government has considered using biometric features (e.g. fingerprint and face) as the only proof of identification for travel records, so as to prevent individuals from taking advantage of the loophole in travel records mentioned in (1) to conceal the fact that they reside abroad; if so, of the details; if not, the reasons for that;

    (3) given that the Office of The Ombudsman mentioned a number of cases of “not retaining regular and continuous residence in the flats” in its report dated January this year on the direct investigation operation into the Government’s work in combating abuse of public housing resources, what specific mechanisms it has currently put in place to monitor and prevent abuse of PRH by individuals residing abroad, and how the effectiveness of such mechanisms is assessed; as regards tenants who deliberately conceal their residence abroad in order to keep their PRH flats, what other legal measures the Government has put in place, apart from demanding surrender of the flats, to bring them to account, and whether it has assessed if such measures have sufficient deterrent effect; and

    (4) given that all the principal tenants and household members in the multiple cases of “not retaining regular and continuous residence in the flats” mentioned in (3) reside outside Hong Kong, whether the Government has examined the reasons for not being able to uncover their abuse of PRH in time through their travel records back then; in order to combat abuse of PRH by tenants residing abroad, whether the Government has explored setting up an cross-departmental cooperation mechanism for the Housing Department, the Hong Kong Housing Society and ImmD to carry out data sharing, so as to enhance the procedure for accessing the records of PRH residents’ stay in Hong Kong?

    Reply:

    President,

         In response to the question raised by Hon Steven Ho, in consultation with the Security Bureau and the Labour and Welfare Bureau, our reply is as follows:

    (1) Applicants and recipients of the Comprehensive Social Security Assistance (CSSA) or the Social Security Allowance must meet the relevant residence requirements and other eligibility criteria, and are required to declare all travel documents and provide other relevant information to the Social Welfare Department (SWD). If applicants and recipients fail to provide all relevant documents or information truthfully, once such cases are found, the SWD will take follow-up actions and may refer the cases to the law enforcement department for handling if necessary. It is a criminal offence for an applicant and a recipient to deliberately provide false information or omit information in order to obtain cash assistance by deception. In addition to becoming ineligible for cash assistance, the applicant and the recipient may be liable on conviction to imprisonment for a maximum of 14 years under the Theft Ordinance (Cap. 210 of the Laws of Hong Kong).

         Besides, in accordance with the existing established mechanism, the Immigration Department (ImmD) provides, on a regular basis or upon request by the SWD, the travel records of applicants and recipients, including the travel records of these persons using their Hong Kong identity card, travel document issued by ImmD (including Hong Kong Special Administrative Region passports) and travel document issued by other countries/territories, to the SWD for verification of the compliance with the relevant residence requirements of the persons concerned.

    (2) Section 5 of the Immigration Ordinance (Cap. 115) stipulates that individuals entering or leaving Hong Kong at immigration control points must present a valid travel document. When entering into or exiting from Hong Kong, Hong Kong residents may use their Hong Kong identity card or a valid travel document to complete immigration clearance at traditional counters at control points. Eligible holders of smart identity card may also use their smart identity cards or encrypted QR codes, together with fingerprint or facial recognition technology, for self-service immigration clearance at e-Channels.

         To implement effective immigration control, the ImmD adopts biometric recognition technologies (such as fingerprints and facial images) in its immigration control operations to verify the identity of individuals using Hong Kong identity card or travel document for entry into or exit from Hong Kong.

        Under the existing established mechanism, the immigration records of relevant individuals provided by the ImmD to the SWD and the Housing Department (HD) have already encompassed information related to Hong Kong identity cards, travel documents issued by the ImmD (including Hong Kong Special Administrative Region passports), and travel documents issued by other countries or regions. The information provided would facilitate verification by the relevant departments of whether the recipients continue to meet the eligibility criteria for receiving relevant social welfare benefits.

    (3) and (4) The Hong Kong Housing Authority (HA) has adopted multi-pronged approach to combat tenancy abuse of public rental housing (PRH). HD has all along addressed the issue of tenancy abuse through various means including daily estate management, routine home visits, random checks and in-depth investigations of suspected cases, as well as publicity and education. These efforts aim to reduce the chance of tenancy abuse of PRH, thereby expediting turnover of PRH flats and allowing those in genuine need of housing to move into PRH as soon as possible.

         To ensure the optimal use of PRH resources, the HD has established a regular mechanism with Immd, under which Immd regularly reports the death records of PRH tenants to the HD so that the HD can proactively monitor tenants’ occupancy status and take appropriate actions. The Immd also provides travel records of relevant individuals (such as PRH principal tenants and household members) upon request by the HD, with a view to enabling the HD to verify whether the individuals concerned continue to meet the eligibility criteria for residing in PRH.
     
         To strengthen the monitoring, the HD has set up a new computer system to store case information about tenancy abuse, including the processes and investigation results. Estate management staff also conducts unannounced home visits outside office hours. Investigations will be initiated, if there are suspected cases of PRH abuse or upon receipt of reports from the public on suspected cases of PRH abuse. The HD also selects cases on a random basis for in-depth investigation.

         In addition, to expedite the verification of occupancy status of tenancy abuse cases and enforcement actions, the HD liaises with other government departments to obtain key information in accordance with relevant ordinances and regulations (such as enquiry with the ImmD about the immigration records of tenants who are suspected of not retaining regular and continuous residence, enquiry with the Water Supplies Department about households with unusual water consumption, etc) so as to verify cases of tenancy abuse and accelerate the handling of such cases.

         In fact, since 2023, the HA has rolled out a series of new measures to strengthen efforts to combat tenancy abuse of PRH. Starting from October 2023, the HA requires all PRH households to declare their occupancy status and ownership of domestic property in Hong Kong every two years since admission to PRH. They are required to declare whether they have retained continuous residence in their units, and whether the units have been left vacant or used for unauthorised purposes. If households have made false statement, the HA will consider terminating the tenancy agreement. The family member(s) who has made false statement will be subject to the restrictions of a five-year debarment from applying for PRH, no offer of a PRH flat with better quality, and even prosecution. Since the introduction of the measures, some PRH tenants were sentenced to imprisonment of 30 days by the court, and some tenants have voluntarily returned their units. The HA is confident that these measures will continue to strengthen its efforts against tenancy abuse of PRH.

         To collect intelligence for better targeting in combating PRH abuse, the HA launched the “Report Public Housing Abuse Award” (the Award) in January 2025. Since the launch of the Award, as at end March 2025, out of the total reported cases of around 3 900, about 1 700 cases have opted for participating in the Award. After initial screening, about 1 200 reported cases were eligible for joining the Award, and about 700 of them can be further followed up. There are cases where Notice-To-Quit were successfully issued. The first round of the Award presentation will be held in July 2025. The above demonstrated that the public has established a strong consensus to combat PRH tenancy abuse and to collectively safeguard the precious housing resources.

         In order to cope with the extra workload brought by the enhanced efforts in combating PRH abuse, in recent years, the HA has strengthened its collaboration with various government departments and has adopted different strategies and manpower deployment as appropriate in light of changing circumstances. This includes recruiting retired disciplined services officers to join the HD. From July 2022 to May 2025, over 8 700 PRH flats were recovered by the HA in view of tenancy abuse or breach of tenancy agreement. Compared to the recovery of about 1 400 flats in 2021/22, the average annual number of PRH flats recovered due to tenancy abuse and breach of tenancy agreement from 2022/23 to 2024/25 has more than doubled. This demonstrated the effectiveness of the strengthened measures implemented by the HA.

         To strengthen the intensity of combating PRH abuse and enhance the deterrent effect, the Housing Bureau has submitted the Housing (Amendment) Bill 2025 (the Bill) to the Legislative Council, and the Bill was passed on June 11, 2025. The Bill mainly includes three aspects: (i) introducing new offenses of serious tenancy abuse of PRH flats; (ii) empowering authorised officers to demand personal details from suspects; and (iii) extending the limitation of time for prosecution of offences of false statements, refusal to furnish information and unlawful alienations, thereby making measures against PRH abuse more deterrent. The relevant offenses will take effect from March 31, 2026. The HA will step up publicity efforts to ensure that the public fully understands and is aware of the consequences of violating the law.

         The HA/HD will continue to review the existing measures, including enhancing the investigation workflows and strengthening staff training, publicity and public education. We will also keep reviewing our strategies in combating PRH abuse and strengthening collaboration with other departments to safeguard the rational use of PRH resources.

         The Hong Kong Housing Society (HKHS) has also been adopting a multi-pronged approach in combating abuse of PRH resources holistically, including conducting home visits on a regular basis and prioritising investigation of suspected cases of non-occupation (such as those with relatively low water and electricity consumption, backlog of uncollected notices and letters in mailboxes for a prolonged period, etc). In addition, the HKHS has regularised conducting home visits during non-office hours and strengthened training for frontline staff to further enhance their awareness of and sensitivity to breaches of tenancy agreements. In addition, HKHS leverages smart technology to step up its efforts in combating PRH tenancy abuse, such as the in-house development of “eHome Visit”. This digital platform digitises tenant information and home visit records to facilitate comparison, thereby allowing frontline staff to have a full picture during home visits and enabling prompt identification of suspicious cases. The HKHS will continue to keep pace with the times and regularly review the effectiveness of these measures, with additional initiatives introduced as and when necessary with a view to further enhancing the efficiency of home visits and the effectiveness of investigation of PRH tenancy abuse cases.

         The HKHS and the HA have maintained close communication and exchange on the efforts in combating abuse of PRH resources, and review and assess the effectiveness of the relevant measures from time to time. When tenants are suspected of not retaining regular and continuous residence in their units, the HKHS will request resident information such as travel records from ImmD depending on individual circumstances and investigation needs. Separately, the HKHS has since October 2005 established a notification mechanism with the ImmD on death records. Under this mechanism, the ImmD provides on a monthly basis records of persons who reside in rental estates of the HKHS yet with death registered in Hong Kong for the HKHS’s suitable follow-up actions. The HKHS will continue to strengthen its communication with the ImmD to help enhance the effectiveness of investigations on PRH tenancy abuse.

    MIL OSI Asia Pacific News

  • MIL-OSI Africa: Judiciary set for full institutional independence

    Source: South Africa News Agency

    Judiciary set for full institutional independence

    The process of placing the country’s judiciary under “full institutional independence” is expected to be rolled out in the 2025/26 financial year.

    This was announced by Minister of Justice and Constitutional Development, Mmamoloko Kubayi, when she was presenting the budget vote of the Office of the Chief Justice (OCJ) in Parliament, on Tuesday afternoon.

    “[This] will enable the judiciary to be a fully-fledged Arm of the State. In line with the constitution, judicial governance and court administration will be placed under the authority of the Judiciary itself,” Kubayi said. 

    The proposed model will entail structural independence, which includes both financial and operational independence. With the vision to establish a single Judiciary, the administration of the Lower Courts, including the Magistrates Commission, will also be transferred the OCJ.

    Explaining the structure of the proposed model of the Judiciary, Kubayi highlighted that the Chief Justice will become the Executive Authority of the Office of the Chief Justice, while the Secretary-General will serve as the the accounting authority of the Judiciary. 

    “The OCJ will then be re-established outside the public service and be capacitated to appoint its staff in line with its own prescripts, human resource framework tailored to judicial operations and principles of independence,” the Minister explained.

    To carry out this process, the Minister announced that a task team comprising senior officials of the Department of Justice and Constitutional Development, Presidency, Office of the Chief Justice, National Treasury, Department of Public Service and Administration (DPSA), and the Department of Public Works and Infrastructure (DPWI), has been established to chart a way for the institutional independence of the Judiciary.

    The team has been given until August to present a progress report to Cabinet on the judiciary’s institutional independence.

    “In the end, as envisaged by the founders of our democracy, we want to create a single judiciary that is an equal Arm of the State,” Kubayi affirmed.

    Budget allocation

    The Minister told Parliament that the OCJ has been allocated a budget increase of some 5.5%, which will “go a long way in ensuring efficiency and effectiveness of the courts and the judiciary as a whole”.

    “The OCJ provides direct support to the Judiciary and Superior Courts to ensure that the Judicial Arm of the State functions optimally. As such, the OCJ has been allocated a budget of R2.7 billion for the 2025/2026 Financial Year, which it operationalises through its three Programmes, namely: Administration, Superior Court Services as well as Judicial Education and Support. This allocation also includes the direct allocation for the remuneration of Judges.

    “This represents a budget increase of just over 5.5% compared to the previous financial year, which will go a long way in ensuring efficiency and effectiveness of the courts and the judiciary as a whole. In his Budget Speech, Minister of Finance has also made an undertaking to, later this year, make funds available for strengthening capabilities in the Office of the Chief Justice,” the Minister said.

    She added that the modernisation of the court system remains a key priority to “improve access to justice”, highlighting the continued rollout of the Court Online system following its successful pilot in the Gauteng Division of the High Court.

    “Court Online provides a platform for Law Firms/Litigants to file documents to the Courts electronically (E-Filing) over the Internet from anywhere, and is now operational in the Gauteng, Western Cape, KwaZulu-Natal, Mpumalanga, and Limpopo divisions. Eastern Cape is currently being rolled out and will be completed by end of July 2025. 

    “It [the system] is also being progressively implemented at the Land Court, Labour Court, and Labour Appeal Court. The envisaged full implementation of Court Online will enhance access to quality justice for all and the effectiveness of the courts,” Kubayi said.

    Another priority is the implementation of the department’s Fraud Prevention and Anti-Corruption Policy and Strategy during 2025/2026 financial year.

    This in line with the OCJ’s zero tolerance stance on corruption and fraud.

    “This policy creates a mechanism for reporting anonymously within the department and through the National Anti-Corruption Hotline, amongst other things.

    “We can inform members that following the reports of corruption in the Mthatha High Court, the OCJ has commenced with Lifestyle Audits of all employees over and above the work that is done by law enforcement agencies. Furthermore 4 officials have been suspended in Pretoria High court following allegations fraud and corruption,” Kubayi said. – SAnews.gov.za

    NeoB

    MIL OSI Africa

  • MIL-OSI NGOs: Oxfam reaction to Spain, Brazil and South Africa launching a new coalition to tax the super-rich

    Source: Oxfam –

    In response to Spain, Brazil and South Africa’s new global coalition to tax the super-rich, launched today at the Fourth Financing for Development Conference in Seville, Oxfam Tax Justice Policy Lead Susana Ruiz said: 

    “We welcome the leadership of Brazil, Spain and South Africa in calling for taxes on the super-rich. People around the world are pushing for more countries to reject the corrupting political influence of oligarchies. Taxation of the super-rich is a vital tool to secure sustainable development and fight inequalities. The wealth of the richest 1% has surged $33.9 trillion since 2015, enough to end annual poverty 22 times, yet billionaires only pay around 0.3% in real taxes.  

    “This extreme inequality is being driven by a financial system that puts the interests of a wealthy few above everyone else. This concentration of wealth is blocking progress towards the Sustainable Development Goals and keeping over three billion people living in poverty: over half of poor countries are spending more on debt repayments than on healthcare or education. 

    “In a tense geopolitical environment, Spain, Brazil and South Africa have taken an important step in forging an alliance here at the UN conference in Seville to show political will for taxation of the super-rich. Now other countries must follow their lead and join forces. This year, the FFD in Seville, COP30 in Brazil and G20 in South Africa are key opportunities for international cooperation to tax the super-rich and invest in a sustainable future that puts human rights and equality at its core.”

    Download the Oxfam report “From Private Profit to Public Power: Financing Development, Not Oligarchy which was launched ahead of the Fourth Financing for Development Conference with new analysis on economic inequality.

    Greenpeace and Oxfam International commissioned a study this month on public opinion on taxing the super-rich. The research was conducted by first party data company Dynata in May-June 2025, in Brazil, Canada, France, Germany, Kenya, Italy, India, Mexico, the Philippines, South Africa, Spain, the UK and the US. The survey had approximately 1200 respondents per country, with a margin of error of +-2.83%. Together, these countries represent close to half the world’s population. See the results here.

    Oxfam will be hosting a major high-level event together with Club de Madrid, at 7pm on July 1, 2025, in Seville, joined by high-level government representatives on the media briefing note. Journalists are invited to attend and will be prioritized for questions. Please register here.

    Moreover, an official side event on inequality and tax reform will take place at 2.30pm on July 1, 2025, at the FIBES Exhibition Centre room 20 joined by high-level government representatives from Brazil, Spain and South Africa, international organizations and global experts. See note here.

    MIL OSI NGO

  • MIL-OSI Africa: The European Union (EU) Accelerates Mining Investments Across Africa in H1 2025


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    The EU has increased financial and technical support for Africa’s mining sector in the first half of 2025, aligning its foreign investment strategy with the continent’s agenda to shape the global energy transition. In June this year, the EU named four Africa-bsed projects as part of its 13 globally strategic initiatives under the Critical Raw Materials Act. The projects include Mkango Resources’ 8,425-ton-per-annum Songwe Hill Rare Earths Project in Malawi and Frontier Rare Earths’ 4,000-ton-per-annum Zandkopsdrift magnet-grade rare earths project in South Africa. The Maniry Graphite Project in Madagascar led by Evion Group and a 6,000-ton-per-annum cobalt refinery in Zambia are also among the projects set to receive EU financial support and technical assistance.

    Amid increased EU support for African mining projects, the upcoming African Mining Week – Africa’s premier gathering for mining stakeholders, taking place from October 1–3, 2025 in Cape Town – will showcase lucrative investment and cooperation opportunities for EU companies in Africa’s burgeoning mining sector. The event will feature an EU-Africa Roundtable, showcasing the EU’s contribution to Africa’s mining sector sustainability.

    EU-DRC Mining Partnership Strengthened

    Two new programs announced by the EU this June have deepened the bloc’s mining partnership with the Democratic Republic of Congo (DRC) – the world’s top cobalt producer and Africa’s largest copper producer. The programs include the Cobalt for Development project which aims to formalize and uplift small-scale mining operations in the DRC. Meanwhile, the upcoming Panafgeo+ geological mapping program – led by France’s Bureau of Geological and Mining Research in collaboration with DRC’s Ministry of Mines – will enhance the country’s geological knowledge base. At AMW, a panel titled The Cobalt Opportunity: DRC’s Strategic Position in the EV Revolution will unpack trends and opportunities within the DRC’s cobalt sector value chain.

    EU Backs African Mineral Logistics Expansion

    The EU is also backing strategic infrastructure development to facilitate connectivity between mineral-rich African markets and EU buyers. The Africa Finance Corporation recently secured a €250 million, 10-year loan from Italy’s development bank Cassa Depositi e Prestiti to advance the Lobito Corridor, bolstering connectivity between EU markets and Angola, Zambia and the DRC. Meanwhile, the European Investment Bank has also approved a €113 million loan to co-finance the expansion of Mauritania’s iron ore rail line linking Zouérat to Nouadhibou – part of a broader €461 million investment aimed at boosting the country’s iron ore export capacity.

    EU-South Africa Partnership

    The EU recently announced a €4.7 billion financing package announced to support mineral processing, green hydrogen and transport infrastructure in South Africa, the world’s largest producer of platinum group metals. This financing package reflects a growing focus on securing diversified and sustainable mineral supply chains. At AMW, a dedicated panel exploring South Africa’s PGMs market will showcase emerging prospects for EU firms within the country’s value chain.

    Growing Support for Formalized Artisanal Mining

    The EU has also committed to the ACP-EU Technical Assistance Facility for Commodity Resource Management, which was launched in February to support artisanal and small-scale miners across Africa through formalization and training program. As part of growing efforts by African nations and international partners to uplift small-scale miners, AMW will host a panel discussion titled ASM Regulation: Balancing Formalization and Livelihood Protection. The panel will explore policies and initiatives aimed at integrating artisanal and small-scale mining into the formal mining sector.

    Distributed by APO Group on behalf of Energy Capital & Power.

    About African Mining Week:
    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    MIL OSI Africa

  • MIL-OSI United Kingdom: A new chapter in how we finance development: Baroness Chapman statement

    Source: United Kingdom – Executive Government & Departments

    Speech

    A new chapter in how we finance development: Baroness Chapman statement

    Minister for Development Baroness Chapman delivers UK national statement at the Fourth International Conference on Financing for Development (FFD4) in Seville.

    Good afternoon, everyone.

    Seville must be the start of a new chapter in how we finance development and sustainable growth over the next decade.

    FFD4 sets out three critical shifts; and the UK will respond.

    Firstly, helping countries to raise more of their own revenues.

    The UK will support countries to raise more finance domestically, and manage it better, by sharing expertise from our own revenue authority and finance ministry.

    And we will work with all partners to take urgent action to tackle unsustainable debt. We cannot do this alone.

    We will work through the G20 to strengthen, expand and reform the Common Framework, ensuring timely and predictable relief for debt distressed countries.

    We will work with partners to maintain momentum on reforms to the existing debt architecture including to make restructurings quicker and more efficient.

    We must also ensure future debt sustainability by pressing for more responsible and transparent lending and borrowing and scaling UK-championed clauses that pause debt repayments when a crisis hits.

    The second is on mobilising international finance at scale.

    Increasing access to finance from all sources, beyond ODA.

    Leveraging and multiplying wherever we can.

    We need private capital at a much greater scale in developing countries. We are proud to launch a coalition of governments, finance institutions, and investors at FFD4.

    With the aim of mobilising high-quality finance for emerging and developing economies through stock exchanges.

    We will work with the UK industry experts to unlock and scale up global institutional capital, develop local currency markets and help to tackle exchange rate risks in developing countries.

    I will look at the evidence on the barriers to investment, and if there need to be changes to our regulatory approach, I will need to work with international partners and groups to build a coalition to call for those changes.

    And we welcome the ambition to triple the size of MDB financing. This will require stretching balance sheets and using guarantees, but that can only get us so far. 

    We will also need to inject more capital into some MDBs, which is why the UK supports a capital increase for the World Bank’s IBRD, conditional on reforms.

    If agreed, this could unlock billions of dollars annually.  

    We have heard the call to explore new sources of climate finance. That is why we have committed to and are pushing for agreement on the International Maritime Organisation’s Net Zero Framework.

    The third is making the system work better for developing countries.

    This means getting behind countries own priorities and plans.

    It means putting women and girls at the heart of everything we do. 

    It also means simplifying and streamlining the aid architecture, so it is easier for countries to engage and access finance.

    We must do more through multilateral organisations that pool and multiply resources, and drive reform across the multilateral system to make it faster, more effective and more sustainable.

    That is why we are proud to be GAVI’s largest investor, as announced last week at the GAVI replenishment.

    It also means creating a fairer system where developing countries have greater voice and participation to shape the outcomes they need.

    That is why the UK is calling for more voice and representation for low-income and vulnerable countries in the World Bank and IMF.

    And ensuring countries can better handle shocks and build resilience to climate change.

    It is unacceptable that only 2% of crisis finance is pre-arranged when 35% of shocks are modellable. 

    That is why we are launching a global coalition to scale up the use of pre-arranged finance. And we will work with the insurance industry to help deliver this.

    I am proud that the UK will be the first country to report and publish our annual pre -arranged finance figures.

    This work is urgent and cannot wait.

    So let us make Seville a springboard for what can and must come next.

    Thank you.

    Updates to this page

    Published 2 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Nations: IOM Urges Innovative Investment in Migration at Seville Conference on Development Financing

    Source: International Organization for Migration (IOM)

    Geneva/Seville, 2 July 2025 – As the Fourth International Conference on Financing for Development (FfD4) concludes this Thursday in Seville, Spain, the International Organization for Migration (IOM) is calling for innovative investment in human mobility to spur growth and help close the USD 4 trillion annual development financing gap.

    MIL OSI United Nations News

  • MIL-OSI: Delfin Midstream Enters into an Agreement with Siemens Energy to Reserve Gas Turbine Manufacturing Capacity, Expects Fall Final Investment Decision for its Leading US Energy Infrastructure Project

    Source: GlobeNewswire (MIL-OSI)

    • Enters into Early Works program with Samsung Heavy Industries and Black & Veatch in preparation for the EPCI contracting and execution of the project

    HOUSTON, July 02, 2025 (GLOBE NEWSWIRE) — Delfin Midstream Inc. (“Delfin” or the “Company”) announced today that it has entered into an agreement with Siemens Energy Inc. (“Siemens Energy”) to reserve manufacturing capacity for four SGT-750 Gas Turbine Mechanical Drive Packages. Delfin also announced that it has agreed to an Early Works program with Samsung Heavy Industries (“SHI”) and Black & Veatch Inc. (“B&V”) to further detail FLNG vessel design specifications as basis for the Lump-Sum Turn-Key Engineering, Procurement, Construction, and Integration (“EPCI”) contract and to prepare both contractors for the execution of the project. The Company’s activities are in support of a Final Investment Decision (“FID”) anticipated in the Fall of 2025 for its leading US energy infrastructure project under development in Louisiana and offshore in the Gulf.

    Dudley Poston, Delfin CEO, said: “This is an incredibly exciting time for the development of Delfin’s critical energy infrastructure project. Following the successful issuance of the deepwater port license by MARAD, all workstreams are on schedule and the project is currently on track for FID in the Fall of 2025. By making this large investment to lock-in critical manufacturing capacity, we have secured our execution schedule with the anticipated delivery of our first FLNG Vessel from Samsung Heavy Industries shipyard in 2029.”

    Karim Amin, Siemens Energy Executive Board Member said: “Siemens Energy is excited to support Delfin’s energy infrastructure project by providing the critical Gas Turbine Mechanical Drive packages the Company needs as it moves towards delivering the first offshore LNG project in the United States. The modular design, high power-to-weight ratio and ability to operate under diverse conditions make Siemens Energy gas turbines an innovative and ideal technology solution for this leading low emissions energy infrastructure project.”

    The agreement with Siemens Energy reserves manufacturing capacity for four SGT-750 Gas Turbine Mechanical Drive Packages which will be used to drive the mixed-refrigerant compressors for Delfin’s LNG liquefaction system. Delfin’s Early Works program agreement with Samsung and B&V will further detail FLNG Vessel #1 design specifications as basis for the Lump-Sum Turn-Key EPCI contract. This work will de-risk project execution and ensure both contractors are prepared for immediate project execution following a positive FID.

    On March 21, 2025, Delfin LNG LLC (“Delfin LNG”), a subsidiary of Delfin, received the first deepwater port license from the Maritime Administration (“MARAD”) authorizing Delfin LNG to own, construct, operate, and export Liquefied Natural Gas (“LNG”) from the United States. The license was issued pursuant to the Deepwater Port Act of 1974 and MARAD’s 2017 Record of Decision and is in accordance with President Trump’s Executive Order titled, “Unleashing American Energy,” signed January 20, 2025.

    Delfin is a leader in LNG export infrastructure utilizing low-cost floating LNG technology. Delfin’s brownfield deepwater port requires minimal additional infrastructure investment to support up to three floating LNG vessels producing up to 13.2 million tonnes of LNG annually. The Delfin floating LNG project has the potential to not only be the first LNG export deepwater port facility in the United States, but a significant economic contributor and job creator over the long-term.

    About Delfin
    Delfin is a leading LNG export infrastructure development company utilizing low-cost Floating LNG technology solutions. Delfin is the parent company of Delfin LNG. Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure investment to support up to three FLNG Vessels producing up to 13.2 MTPA of LNG. Delfin purchased the UTOS pipeline, the largest natural gas pipeline in the Gulf of America. Delfin LNG received a deepwater port license from MARAD and approval from the Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States. Additional information is available at www.delfinmidstream.com.

    Public Relations
    Dan Gagnier
    Gagnier Communications
    Email: Delfin@gagnierfc.com

    The MIL Network

  • MIL-OSI: Delfin Midstream Enters into an Agreement with Siemens Energy to Reserve Gas Turbine Manufacturing Capacity, Expects Fall Final Investment Decision for its Leading US Energy Infrastructure Project

    Source: GlobeNewswire (MIL-OSI)

    • Enters into Early Works program with Samsung Heavy Industries and Black & Veatch in preparation for the EPCI contracting and execution of the project

    HOUSTON, July 02, 2025 (GLOBE NEWSWIRE) — Delfin Midstream Inc. (“Delfin” or the “Company”) announced today that it has entered into an agreement with Siemens Energy Inc. (“Siemens Energy”) to reserve manufacturing capacity for four SGT-750 Gas Turbine Mechanical Drive Packages. Delfin also announced that it has agreed to an Early Works program with Samsung Heavy Industries (“SHI”) and Black & Veatch Inc. (“B&V”) to further detail FLNG vessel design specifications as basis for the Lump-Sum Turn-Key Engineering, Procurement, Construction, and Integration (“EPCI”) contract and to prepare both contractors for the execution of the project. The Company’s activities are in support of a Final Investment Decision (“FID”) anticipated in the Fall of 2025 for its leading US energy infrastructure project under development in Louisiana and offshore in the Gulf.

    Dudley Poston, Delfin CEO, said: “This is an incredibly exciting time for the development of Delfin’s critical energy infrastructure project. Following the successful issuance of the deepwater port license by MARAD, all workstreams are on schedule and the project is currently on track for FID in the Fall of 2025. By making this large investment to lock-in critical manufacturing capacity, we have secured our execution schedule with the anticipated delivery of our first FLNG Vessel from Samsung Heavy Industries shipyard in 2029.”

    Karim Amin, Siemens Energy Executive Board Member said: “Siemens Energy is excited to support Delfin’s energy infrastructure project by providing the critical Gas Turbine Mechanical Drive packages the Company needs as it moves towards delivering the first offshore LNG project in the United States. The modular design, high power-to-weight ratio and ability to operate under diverse conditions make Siemens Energy gas turbines an innovative and ideal technology solution for this leading low emissions energy infrastructure project.”

    The agreement with Siemens Energy reserves manufacturing capacity for four SGT-750 Gas Turbine Mechanical Drive Packages which will be used to drive the mixed-refrigerant compressors for Delfin’s LNG liquefaction system. Delfin’s Early Works program agreement with Samsung and B&V will further detail FLNG Vessel #1 design specifications as basis for the Lump-Sum Turn-Key EPCI contract. This work will de-risk project execution and ensure both contractors are prepared for immediate project execution following a positive FID.

    On March 21, 2025, Delfin LNG LLC (“Delfin LNG”), a subsidiary of Delfin, received the first deepwater port license from the Maritime Administration (“MARAD”) authorizing Delfin LNG to own, construct, operate, and export Liquefied Natural Gas (“LNG”) from the United States. The license was issued pursuant to the Deepwater Port Act of 1974 and MARAD’s 2017 Record of Decision and is in accordance with President Trump’s Executive Order titled, “Unleashing American Energy,” signed January 20, 2025.

    Delfin is a leader in LNG export infrastructure utilizing low-cost floating LNG technology. Delfin’s brownfield deepwater port requires minimal additional infrastructure investment to support up to three floating LNG vessels producing up to 13.2 million tonnes of LNG annually. The Delfin floating LNG project has the potential to not only be the first LNG export deepwater port facility in the United States, but a significant economic contributor and job creator over the long-term.

    About Delfin
    Delfin is a leading LNG export infrastructure development company utilizing low-cost Floating LNG technology solutions. Delfin is the parent company of Delfin LNG. Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure investment to support up to three FLNG Vessels producing up to 13.2 MTPA of LNG. Delfin purchased the UTOS pipeline, the largest natural gas pipeline in the Gulf of America. Delfin LNG received a deepwater port license from MARAD and approval from the Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States. Additional information is available at www.delfinmidstream.com.

    Public Relations
    Dan Gagnier
    Gagnier Communications
    Email: Delfin@gagnierfc.com

    The MIL Network

  • MIL-OSI: Sampo has filed an application to extend the Group’s Partial Internal Model

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 2 July 2025 at 12:00 pm EEST

    Sampo has filed an application to extend the Group’s Partial Internal Model

    Following the legal merger of If and Topdanmark on 1 July 2025, Sampo has filed an application to the Swedish FSA (Finansinspektionen) to extend the Group’s Partial Internal Model to include the operations formerly under Topdanmark. Sampo expects that the application process will be completed in late 2025 or early 2026 at the latest.

    Sampo estimates that the extended model could reduce the group-level solvency capital requirement by around EUR 60-90 million.

    SAMPO PLC
    Investor Relations and Group Communications

    For further information, please contact:

    Sami Taipalus
    Head of Investor Relations
    tel. +358 10 516 0030

    Distribution:
    Nasdaq Helsinki
    Nasdaq Stockholm
    Nasdaq Copenhagen
    London Stock Exchange
    FIN-FSA
    The principal media
    www.sampo.com

    The MIL Network

  • MIL-OSI United Kingdom: Council partnership secures long-term base for Coundon Court FC

    Source: City of Coventry

    Coventry City Council has partnered with Coundon Court Football Club to secure its future at Coundon Hall Park, establishing the site as the long-term home of the local club.

    After being accepted onto the Football Foundation’s Home Advantage Programme, the club is set to take on a 25-year lease of the pitches at Coundon Hall Park.

    The Football Foundation’s Home Advantage Programme is supported by the Premier League, The FA and Government’s Football Foundation. It aims to support grassroots clubs and organisations across the country to take on long-term leases or licences of the sites they play at.

    The club will also have the opportunity to apply for up to £250,000 in grant funding from the Foundation to improve the facilities at Coundon Hall Park. This could include security fencing, storage units, grounds maintenance machinery and catering cabins.

    Councillor Kamran Caan, Cabinet Member for Public Health and Sport, said: “It’s been fantastic to work with Coundon Court Football Club to secure their future at Coundon Hall Park.

    “Supporting local sports clubs which give members of our community the opportunity to get out, get active and take part in something they enjoy is really important.

    “This support from the Football Foundation and the Home Advantage Programme will make a real impact and firmly cement the club’s future. In addition, it will show how this could be a model across the city of best practice.”

    Coundon Court FC is a 3-star England Football-accredited club with over 30 teams, and disability and community programmes. Named ‘Club of the Year’ by Birmingham County FA, it’s proudly rooted in the local community.

    Barry Morris, Club Secretary at Coundon Court Football Club, added: “We see this as a huge opportunity for our club to have a home of its own, enabling us to offer more football provision within the local community.

    “After collecting the ‘Club of the Year’ accolade from Birmingham FA for the second time in 4 years, we already have a fantastic foundation to work from and will continue to progress.

    “Thanks to Coventry City Council and the Football Foundation for their support and confidence in working with our club on this exciting and innovative project.”

    The planned Coundon Cycleway has also been designed to accommodate the improvements at the park.

    Councillor Patricia Hetherton, Cabinet Member for City Services, said: “We have planned the route of the Cycleway to allow for a full range of activities in the park – this includes allowing room for the exciting new multi-use games area and future football pitches – spaces where local young people can come together, be active, and have fun.

    “The Coundon Cycleway scheme, funded by Active Travel England, will create a new cycleway through the park by utilising existing paths and well-trodden pedestrian routes. The project will also enhance the area with new lighting, benches, and tree planting. Additional improvements include the installation of extra bins and CCTV in both car parks, ensuring a safer and more enjoyable environment for all visitors.”

    Robert Sullivan, CEO of the Football Foundation, said: “The Football Foundation is working closely with our partners – the Premier League, The FA and Government – to unlock the power of pitches for more grassroots clubs and enable them to take pride in the place they call home.

    “We know that local authorities often lack the resources to maintain their grass pitches to a high standard, and yet the process of transferring management is often seen as complicated, expensive and therefore unattractive.

    “Through our Home Advantage Programme, the Foundation plans to provide the support and funding needed to transfer over 1,750 grass football pitches like the ones at Coundon Hall Park from local authorities to grassroots clubs and organisations across the country.

    “As well as a higher chance of success on the pitch, home grounds provide a space for people to come together through sport and help strengthen communities based on a shared sense of belonging.”

    To find out more about the programme visit the Football Foundation’s website.

    Image caption: Ant Hasker – Facilities and Investment Lead, Birmingham County FA, Eddie Gormley – Coundon Court FC Club Chairman, Peter Howarth – Coundon Court FC Volunteer, Barry Morris – Coundon Court FC Secretary, Lee Garratt – Coundon Court FC Club Manager Coordinator, Councillor Patricia Hetherton – Cabinet Member for City Services and Tim Wetherhill – Coventry City Council Parks Manager

    MIL OSI United Kingdom

  • MIL-OSI Economics: ICC expands Principles for Sustainable Trade Finance to include social impact and supply-chain solutions

    Source: International Chamber of Commerce

    Headline: ICC expands Principles for Sustainable Trade Finance to include social impact and supply-chain solutions

    Launched during the Financing for Future Development conference taking place in Seville, Spain, the updated Principles feature new Principles for Social Trade Finance (PSoTF) that enable lenders to classify facilities whose proceeds directly benefit vulnerable or underserved populations and align with the Social Loan Principles and the United Nations Sustainable Development Goals. Additionally, the update introduces the ICC Principles for Sustainability-Linked Supply-Chain Finance (PSL-SCF), providing detailed guidance on KPI selection, target calibration, monitoring and de-classification across all parties involved. This gives buyers and their suppliers a consistent, incentive-based pathway to embed decarbonisation and social metrics in payables-finance programmes.

    Provide your feedback: Industry consultation now open until 5 September 2025

    ICC has launched a public consultation inviting feedback from stakeholders across the trade finance ecosystem on the new components (the PSoTF and PSL-SCF) of the Principles. The survey, available here, is open until 5 September 2025, and is essential to ensure the final framework balances technical rigor with practicality for users operating across diverse geographies and product sets. ICC expects to formally ratify the document in Q3/4 of 2025.

    Contact us: For more information on the Principles for Sustainable Trade Finance or to submit detailed comments, please reach out to:

    More insights

    MIL OSI Economics

  • MIL-OSI Russia: There will be no benefits – the expansion of mortgages with state support for families with children under 14 has been postponed

    Translation. Region: Russian Federal

    Source: Mainfin Bank –

    Why haven’t the authorities agreed to expand the “Family Mortgage”?

    The government, together with the Ministry of Finance, does not approve the expansion of preferential mortgagesThe authorities had to abandon the initiative for a number of reasons:

    high key rate – state support will require significant expenditures from the budget; the Russian budget has been formed – it is difficult to provide for additional expenses; the budget remains tense – only 2 trillion rubles are required for the implementation of preferential mortgage programs in 2025, a revision of the terms will lead to an increase in this amount.

    “The proposal may be considered when the rate drops – we plan to return to the issue and develop new conditions for preferential mortgages,” the government noted.

    It is interesting that outside the framework of lending with state support, mortgages on market terms are not available to most families in 98% of the country’s regions. High rates have led to a decrease in demand for real estate and a cooling of the market.

    What home loan terms are available to families?

    Russian families still have access to preferential mortgages launched in 2018 – the program has been extended until 2030. Since 2024, the conditions have been tightened – you can get a loan:

    families raising a child under 6 years old, as well as children with disabilities at any age; for the purchase of an apartment only in new buildings, and in small cities where the construction of apartment buildings is not actively underway – also on the secondary market; at a rate of up to 6% per annum; with a maximum amount limited to 12 million rubles in Moscow and the region, St. Petersburg and the region, 6 million rubles in other regions.

    The authorities have repeatedly stated the need to revise the parameters of preferential mortgages – loans with state support should become as targeted as possible and accessible only to those borrowers who really need to improve their housing conditions.

    10:00 01.07.2025

    Source:

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    хттпс://маинфин.ру/новости/льгот-не-будет-рассирение-ипотеки-с-господдержкой-на-семьи-с-детьми-до-14-лет-отложено

    MIL OSI Russia News

  • MIL-OSI United Nations: Private Sector Partners Bring More Than Capital, ‘They Bring Creativity, Agility, Scale’, Deputy Secretary-General Tells International Business Forum

    Source: United Nations General Assembly and Security Council

    Following are UN Deputy Secretary-General Amina Mohammed’s remarks at the high-level session of the International Business Forum, in Sevilla, Spain, today: 

    It is a privilege to join you today at this pivotal moment for the future of development finance.

    Sadly, the world faces a sustainable development crisis.  Trade barriers are growing.  Aid budgets are shrinking.  Macroeconomic risks are mounting.  Debt burdens are dragging down growth.  Climate shocks are hitting harder and more often.  Development finance is at a critical inflection point.

    Official development assistance (ODA), long a cornerstone of international solidarity, declined by 7 per cent in real terms last year.  And further cuts are already on the table.

    But, the real picture is even starker.  Much of what is counted as ODA today is being redirected to cover domestic priorities, not long-term Sustainable Development Goals (SDG) investments.  At the same time, the SDG financing gap has ballooned to $4 trillion a year.

    Yet, amid this sobering reality lies an opportunity:  An opportunity to reimagine development finance for the world we live in now.  To move from a model built on assistance, to one driven by purpose and partnership.  From international assistance, to strategic, sustainable investment.

    In this new vision, public finance, national and international, remains essential.  Especially in sectors where market incentives are weak, but human needs are immense, like education, health, social protection.

    But public finance alone cannot carry the weight.  It must be used to unlock and leverage private investment, at scale and with speed.  The question we need to answer is clear:  What will it take for private capital to flow where it is most needed?

    The outcome document of the fourth International Conference on Financing for Development, the “Sevilla Commitment”, puts forward a compelling action agenda that seeks to answer this question.

    First, we need an enabling business environment, supported by strong institutions, policy coherence and investment pipelines.

    Second, we need better blended finance vehicles that deliver sustainable development impact and align with developing countries’ national priorities.  This requires standardizing blended finance with replicable and scalable structures, a ready pipeline of bankable projects and more transparency in the development outcomes of transactions.

    Third, we need financial innovation.  Equity instruments.  Auction mechanisms.  Creative tools that allow public and private actors to share risk and reward more fairly.

    Fourth, we must scale up aggregation platforms that expand catalytic capital and reduce transaction costs by pooling resources from international financial institutions.

    Fifth, it is time to reassess prudential regulations that may unintentionally discourage long-term investments in developing countries. We need to engage with regulators to ensure risk is not mispriced and regulation enables greater use of risk-sharing tools.

    Let’s be clear:  we must dramatically expand our sources of development capital, and we must do so urgently and intentionally.  This is why the United Nations calls on all actors across the investment ecosystem to join us in a long-term, collaborative effort to reshape development finance.

    At the UN, we are taking concrete steps to strengthen partnerships to unlock capital for sustainable development.  Platforms such as the Global Investors for Sustainable Development Alliance are bringing together private investors, foundations, policymakers and leaders across the development finance spectrum.  These leaders can shape sustainable finance frameworks, identify investment barriers and pilot innovative solutions.

    Working together, we can coordinate action, amplify impact and accelerate the global shift towards long-term, responsible development finance. Private sector partners bring more than capital.  They bring creativity, agility and scale.  They can power the transition to green energy, accelerate digital inclusion and revolutionize service delivery.

    Philanthropic partners are also uniquely positioned to take risks others cannot, test innovations and address gaps that markets and Governments may not reach.  They can back new models and ideas in early stage projects or help unlock larger flows of investment by building proof points and trust.

    Above all, our financing systems must work for those who have historically been excluded, and on a practical level that means that means removing structural barriers that keep capital out of the hands of women-led businesses, youth innovators and underserved communities.

    This is not about making tweaks here and there.  It is about rethinking the fundamentals.  The current financial system was not built for today’s world.  Let alone tomorrow’s.  We need a system that allocates capital not only by profit, but by purpose; not only by returns, but by impact.

    The next chapter of development finance is not yet written.  But, it must be a shared story written by all of us and accountable to all people.  So, let’s seize this moment and step into this new era not as donors or beneficiaries, but as equal partners, and deliver on the promise of sustainable development.  On behalf of the United Nations, I thank you for your leadership, your ideas and your resolve.

    MIL OSI United Nations News

  • MIL-OSI Economics: 1 July 2025 Sakhalin Region to appear at EEF Far East Street as Asia-Pacific energy and logistics hub Sakhalin Region will again participate in the Far East Street exhibition, scheduled to take place on 3–9 September as part of the 2025 Eastern Economic Forum in Vladivostok. The exhibition is being organized by the Roscongress Foundation with the support of the Office of the Presidential Plenipotentiary Envoy to the Far Eastern Federal District. The country’s only island region will present major investment and social projects, share its unique history and culture, and touch on the development of unmanned aviation.

    Source: Eastern Economic Forum

    1 July 2025

    Sakhalin Region to appear at EEF Far East Street as Asia-Pacific energy and logistics hub

    Sakhalin Region will again participate in the Far East Street exhibition, scheduled to take place on 3–9 September as part of the 2025 Eastern Economic Forum in Vladivostok. The exhibition is being organized by the Roscongress Foundation with the support of the Office of the Presidential Plenipotentiary Envoy to the Far Eastern Federal District. The country’s only island region will present major investment and social projects, share its unique history and culture, and touch on the development of unmanned aviation.

    “Sakhalin Region is one of the Far East’s investment leaders. It ranks fourth on the National Investment Climate Rating and first out of the constituent entities of the Far Eastern Federal District. The manufacturing, coal, and construction industries are all growing. Awaiting entrepreneurs are TAD and free port benefits and preferential treatment in the Kurils. Science and technology are booming in the region. The President has ordered that an international campus be created. An engineering school and electrical engineering laboratory are currently in operation, the first phase of the Oil and Gas Industrial Park has been launched, and a scientific and production centre for the development of unmanned systems established, all contributing to new production facilities, new talent, and train for a new generation of specialists. The local master plan is reinventing Yuzhno-Sakhalinsk. There’s no denying there is much to showcase and be proud of in the region,” Deputy Prime Minister of the Russian Federation and Plenipotentiary Presidential Envoy to the Far Eastern Federal District Yury Trutnev said.

    The Sakhalin Region’s main pavilion on Far East Street, located next to the investor pavilion in the shape of a scallop shell, will take the form of waves and be decorated with installations related to logistics: a hydrogen train, a UAV, an aircraft, and the port of Korsakov.

    “The EEF has long played an important role in Sakhalin Region’s economic development. We have signed more than 60 agreements here in the past five years, good for some 5,700 jobs, and launched important projects in energy, transport, and education, modernizing the power grid, developing hydrogen energy, spreading gas throughout the region, modernizing port infrastructure, building medical clinics, and developing science as part of the construction of the SakhalinTech campus. It is important to us that Sakhalin and the Kuril Islands become more comfortable and that people want to visit and live here, a goal we will continue to pursue in the future,” Governor of the Sakhalin Region Valery Limarenko said.

    Inside the pavilion, there will be an installation dedicated to the 80th anniversary of Victory in the Great Patriotic War, with the exhibition ‘Roads to Victory’ telling the story of the Battle of Sakhalin and the Landing on Shumshu and a film about the expedition to the island and videos reconstructing battles in the Kholmsky and Smirnykhovsky.

    “The President of the Russian Federation has tasked us with creating a memorial complex on Shumshu, one the islands of the Kuril chain, dedicated to the Kuril landing operation, which essentially marked the end of World War II and the defeat of the Kwantung Army. Our soldiers defeated superior forces, demonstrated outstanding heroism, parachuted into the water fully equipped, and attacked tanks and firing points located on high ground. It is one of the most significant pages in our history,” Trutnev said.

    The Tourism zone will feature new historical tours like ‘The Battle of Shumshu’ and ‘The Liberation of Southern Sakhalin’, winter and summer holidays, culinary tours, and the ‘Far East – Land of Adventure’ project.

    The Sakhalin – Russian Showcase zone will feature important projects like the agglomeration master plan and regional development in medicine, science and education, logistics, culture, and the urban environment.

    Another zone has been dedicated to the results of the Sakhalin Region Development Corporation’s work over the last decade and will use multimedia technologies, among others, to report on initiatives by the Mersi Agro Sakhalin livestock complex, the Horizon residential complex, the Uyun territory development project, the agro-park, and the oil service park.

    The UAV and USV zone will showcase the island’s efforts to lead the development of unmanned systems in Russia, with a separate exhibition promoting Sakhalin’s achievements in the field.

    There are plans to host three international forums in Sakhalin Region in 2025: ‘Wings of Sakhalin’, ‘Energy of Sakhalin’, and ‘Islands of Sustainable Development: Climate’ at the new Pushisty Drone Port. The Sakhalin Expo exhibition will be dedicated to the development of congress and exhibition activities in the region.

    The main pavilion will be located next to the ‘Made in Sakhalin’ stand, which will showcase regional clothing, jewellery, souvenir, food, and health brands as well as achievements in the film industry and computer graphics. The pavilion will incorporate works by Sakhalin photographers and musicians into its design and feature a variety of murals, including an image of the Aniva lighthouse, the unofficial symbol of the region.

    The art installation ‘Happy Motherhood’ will symbolize family values in honour of 2025 as the Year of Happy Motherhood on the islands and the focus of the regional government’s social policy on demographic issues and the conditions necessary for women to be mothers without having to sacrifice their careers or their families.

    This year’s cultural programme from the Sakhalin Region will seek to promote local authors and musicians, with songs by Sakhalin composer and poet Georgy Zobov to be performed by artists from the Stage Academy and accompanied by the Aritmia dance studio and Dreambox band. Guests can look forward to performances by the duo Vishnya, who will present a combination of electronic music, songs, and ethnic music, the Larisa Dolina Academy of Pop Music ensemble, which will perform cover versions of well-known Russian hits, and stilt walkers from the 2233 theatre studio.

    A regional delegation will present a series of unique performances entitled ‘Sea Meditation’. Over the course of three days, Sakhalin artist Konstantin Kolupaev will employ his own unique technique to create paintings dedicated to the beauty and power of nature on a huge canvas as viewers observe the master at work.

    The Sakhalin Region sports programme will feature an interactive VR platform, where visitors can try their hand at downhill skiing, ski jumping, or parachuting, and the Beat the Champion chess platform.

    The Eastern Economic Forum will be held on the campus of the Far Eastern Federal University in Vladivostok from 3–6 September, during which time the Far East Street exhibition will be open to Forum participants, before opening to the general public on 7, 8, and 9 September. The Eastern Economic Forum is being organized by the Roscongress Foundation.

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    MIL OSI Economics

  • MIL-OSI Africa: No fear or favour as Hawks swoop down on their own members

    Source: South Africa News Agency

    Four police officials attached to the Hawks’ Serious Organised Crime Investigation in Gauteng and Gauteng Provincial SAPS have been arrested alongside two civilians for charges including fraud and corruption.

    All six suspects are expected to appear before the Johannesburg Magistrates Court today, where they are facing charges of theft, possession of suspected stolen money, extortion and corruption.

    The arrests was effected by members of the Hawks’ Serious Corruption Investigation (SCI) team based in Johannesburg. 

    On Monday afternoon, the complainant in the matter alleged that he had received a phone call from one of his employees informing him that police officers were at the complainant’s shop. It is further reported that the complainant instructed his employee to request the police to wait until he arrived at the shop.

    However, shortly after the conversation between the complainant and his employee, the call was disconnected. The complainant then made his way to the shop and upon his arrival, the shop was closed. 

    He then proceeded to Johannesburg Central Police Station, where he was informed that his employees were arrested for Contravention of Section 9 of the Currency Act, Act 9 of 1933. The employee that he was in conversation with was also arrested for interfering with police duties. 

    The arrest of the four police officials and two civilians came after the complainant reported the matter to the Hawks’ Serious Corruption Investigation. He alleged that the police officials took R900 000 from his shop while conducting their operations. 

    When following up on the information, the Hawks discovered that only 60 000 US dollars and R130 000 was booked into the South African Police Service (SAPS) register as the amount recovered by the police, instead of booking the entire amount of R900 000. 

    It is further alleged that the suspect, who was at the shop to exchange the money in question, also tried to entice the police officials with R60 000, which was also booked in the SAPS register. 

    After conducting a preliminary investigation, the Hawks’ SCI followed up the information and proceeded to Newtown, where they located the police officials involved in the theft. 

    The alleged corrupt officials were found in several vehicles. The Hawks searched the vehicles and found one of them with a substantial amount of cash. As a result, the four police officials and two civilians were arrested on the scene. 

    Meanwhile, the other six suspects, who are charged for contravention of Section 9 of the Currency Act, will also appear before the Johannesburg Magistrates Court today.

    ”The Hawks remain resolute in their commitment to uproot corruption, even within the ranks of law enforcement. No one is above the law. 

    “The arrest of these officers is a clear demonstration that we will act decisively and without fear or favour to protect the integrity of the criminal justice system and restore public trust in the SAPS,” said the Acting National Head of the Directorate for Priority Crime Investigation, Lieutenant General Siphosihle Nkosi. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Africa: Africa Minerals Strategy Group (AMSG) Secretary General to Unveil Strategic Mining Agenda at African Mining Week (AMW) 2025


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    Moses Micheal Engadu, Secretary General of the Africa Minerals Strategy Group (AMSG), will participate as a featured speaker at African Mining Week (AMW) 2025 (http://apo-opa.co/3Gq9t1N), taking place from October 1 – 3, 2025 at the Cape Town International Convention Center. Held under the theme, “From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth”, AMW is Africa’s premier platform for mining industry stakeholders.

    The AMSG Secretary General is scheduled to participate in the Ministerial Forum, where he will spotlight investment opportunities across Africa’s mining value chain, as well as the policy frameworks that support local beneficiation, value addition and sustainable growth. His participation reflects the AMSG’s growing influence in shaping the continent’s mining architecture and driving regional development through strategic collaboration.

    AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com

    Engadu’s address at AMW comes at a pivotal moment for the AMSG, as it drives forward a bold, five-pillar strategy (http://apo-opa.co/45QOuja) to accelerate mining sector expansion in alignment with the AMSG Vision to empower African nations to unlock the full potential of their vast mineral wealth and the African Mining Vision. This strategy is not just about extraction, it is about transformation: positioning Africa as a globally competitive, industrialized, and prosperous force in mineral beneficiation, processing and value addition. Under Engadu’s visionary leadership, the AMSG is spearheading a new wave of ambitious initiatives designed to deepen Africa’s geological knowledge base, institutionalize responsible sourcing, and cement Africa’s central role in the global energy transition.

    Among these initiatives is the Pan-African Exploration Fund, launched in June 2025. This fund is designed to support AMSG member states with financing and technical assistance for geological mapping and exploration activities, with the goal of expanding Africa’s known mineral reserves and boosting production capacity. In January 2025, the AMSG introduced the Africa Mineral Token and Madini Blockchain Platform/Protocol (http://apo-opa.co/4eqWtpa), a blockchain-based solution that enhances access to financing while ensuring full traceability and responsible sourcing throughout the mining value chain in Africa.

    Further underscoring its commitment to ethical practices, the AMSG launched the Africa Responsible Mineral Sourcing Initiative (ARMSI) (http://apo-opa.co/3I72paZ) in November 2024 at the Dubai Precious Metals Conference. This initiative aims to bring together countries, industry and civil society to build Africa’s responsible sourcing ecosystem to address critical concerns related to conflict minerals, AML/CFT, human rights and environmental protection, including child labor, forced labor, and human trafficking within mining supply chains. In addition, the AMSG is working in close partnership with the Council for Critical Minerals Development in the Global South (http://apo-opa.co/3TjP5lS) to strengthen Africa’s position in the global energy transition by developing a competitive and transparent critical minerals value chain and enhancing South to South Cooperation.

    With Africa holding nearly 30% of the world’s mineral resources, and global demand surging amid the energy transition, AMW 2025 offers a strategic platform for AMSG to highlight its progress, present new initiatives and foster partnerships that will help drive sustainable mineral development across the continent.

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa

  • MIL-OSI Russia: SEZ Technopolis Moscow leads the ranking of Russian industrial parks and special economic zones

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    For the fifth year in a row, the special economic zone (SEZ) Technopolis Moscow has been a leader in the rating of Russian industrial parks and special economic zones according to the analytical center (AC) Expert. This was reported by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    The rating is formed annually. The main feature of the new, ninth study was the analysis of the level of customer focus of industrial sites as one of the key business requests during the period of global economic transformation.

    “The Technopolis Moscow SEZ is one of the most effective and sought-after tools for supporting the capital’s high-tech business. The companies of the special economic zone regularly create cutting-edge developments that work for the benefit of the entire country. Thus, based on the results of 2024, the rating analysts highly appreciated the contribution of the Technopolis Moscow SEZ to the economy of the Russian Federation, placing it in first place for this indicator. In addition, the Moscow SEZ confirmed its high level of customer focus, receiving the maximum rating score in the Services block,” said Maxim Liksutov.

    In addition, the study assessed the economic efficiency of the activities of management companies of industrial parks and special economic zones. SEZ “Technopolis Moscow” showed one of the best values of average profitability.

    “The Technopolis Moscow SEZ is not only a high-tech industrial infrastructure, but also a space for the development of human and personnel potential. The rating experts noted that in terms of the number of jobs created, the capital’s SEZ is comparable to the employment of a small city. At the moment, more than 22 thousand highly paid jobs have been created in the Moscow SEZ. Educational, sports and leisure events are regularly held for employees and visitors of the special economic zone,” emphasized the Minister of the Moscow Government, Head of the Department of Investment and Industrial Policy

    Anatoly Garbuzov.

    As Gennady Degtyarev, General Director of the Technopolis Moscow special economic zone, noted, the capital’s SEZ pays special attention to creating a favorable business environment. For this purpose, new infrastructure is being built, transport accessibility is being improved, and a wide range of services is being provided – from a resident’s personal account to consulting and marketing services. According to him, these measures contribute to the comprehensive socio-economic development of the capital’s special economic zone.

    Sobyanin: Technopolis Moscow will become one of the largest industrial centers in Europe

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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    MIL OSI Russia News

  • MIL-OSI Russia: A block with public and business infrastructure will be built in Teply Stan

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The right to implement a project for the integrated development of undeveloped land (IDU) with an area of 4.74 hectares in the Teply Stan district will be put up for auction. This was announced by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “The city will put up for auction the right to comprehensive development of an undeveloped area in the Teply Stan district in the southwest of the capital. The area of the site is 4.74 hectares. It is located next to the Moscow Ring Road, not far from the Tyutchevskaya metro station. The investor who will be determined based on the results of the auction will be able to build a multifunctional city block there with residential buildings, including for the implementation of the renovation program, and public and business infrastructure. Investments in the project are estimated at 26.62 billion rubles, and the annual budget effect is 419.19 million rubles. The implementation of the project will create about 900 jobs,” said Vladimir Efimov.

    Integrated development projects for undeveloped areas are implemented on sites owned by the city or in cases where state ownership of them is not delimited. Such sites must be free from the rights of third parties.

    “Within the framework of this project, it is planned to build housing with a total area of more than 105 thousand square meters, including for the implementation of the renovation program. In addition, the investor will build a multifunctional complex with an area of about 46 thousand square meters with a multi-level parking for 600 cars and retail space,” noted the Minister of the Moscow Government, head of the capital’s Department of Urban Development Policy

    Vladislav Ovchinsky.

    Earlier, the Mayor of Moscow signed a decree on reorganization of undeveloped territory in the Tyoply Stan area.

    According to the program of integrated development of territories, multifunctional city blocks are being created, where roads, comfortable housing and all necessary infrastructure are being designed on the site of former industrial zones and inefficiently used areas. Currently, 302 KRT projects with a total area of about 4.2 thousand hectares are at various stages of development and implementation in Moscow. This work is being carried out on on behalf of Sergei Sobyanin.

    Get the latest news quickly official telegram channel the city of Moscow.

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    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/156133073/

    MIL OSI Russia News

  • MIL-OSI United Nations: Conference Holds Multistakeholder Round Table on Upholding Multilateral Trading System, Harnessing Potential of Science, Technology and Innovation

    Source: United Nations 4

    The Conference holds its fourth multi-stakeholder round table this morning on “Upholding the multilateral trading system, and harnessing the potential of science, technology and innovation”.

    Co-Chaired by Nadia Fettah, Minister for Economy and Finance of Morocco, and Melita Gabrič, Deputy Minister for Foreign and European Affairs and Minister for Development of Slovenia, it will feature a special address by Pedro Sánchez, President of Spain. 

    Jorge Moreira da Silva, Executive Director of the United Nations Office for Project Services (UNOPS), will moderate the discussion.

    Panelists will include:  Shane Reti, Minister for Science and Innovation, Minister for Pacific Peoples, Minister for Statistics and Universities of New Zealand; Karamoko Jean-Marie Traore, Minister for Foreign Affairs, Regional Cooperation and Burkinabè Abroad of Burkina Faso; Philip Gough, Secretary of Economic and Financial Affairs of Brazil; and Enrique Javier Ochoa Martinez, Under Secretary for Multilateral Affairs and Human Rights, Ministry of Foreign Affairs of Mexico.

    Representatives of the Customs Cooperation Council and a civil society organization will be the discussants.

    MIL OSI United Nations News

  • MIL-OSI Europe: NRRP: payment request for eighth instalment, equal to EUR 12.8 billion, sent to European Commission

    Source: Government of Italy (English)

    The payment request for the eighth instalment of the National Recovery and Resilience Plan (NRRP), equal to EUR 12.8 billion, was sent to the European Commission today.

    The request was submitted following the NRRP steering committee meeting held on 24 June, which verified the achievement of the 40 required objectives (28 targets and 12 milestones), including reforms and investments that are strategic for Italy’s economic and social growth. With the payment request for the eighth instalment, Italy has consolidated its leading position in Europe in terms of implementation of its NRRP, which will enable it to exceed EUR 153 billion over the coming months, corresponding to approximately 79% of the Plan’s total resources. 

    The measures implemented as part of the eighth instalment include: digitalisation of the Guardia di Finanza [Italian Finance Police], with innovative IT systems to fight economic crime; more than 1,000 language and methodology courses for school teachers; the launch of projects to update school curricula in over 8,000 schools and guide students towards STEM skills; implementation of culture and tourism enhancement projects by supporting approximately 2,000 small and medium-sized enterprises; redevelopment of around 50 historical parks and gardens. Furthermore, 1,400 km of rail infrastructure have been equipped with the European Rail Traffic Management System (ERTMS); an advanced and integrated monitoring and forecasting system has been created to identify hydrogeological risks in Italy’s southern regions; marine habitat protection and coastal observation work has been carried out; improvements to the energy efficiency of public housing have been planned; with regard to universities, 5,000 research projects of national interest have been funded, approximately 2,300 new researchers have been hired, more than 550 research grants have been allocated, and financing has been provided for research programmes and projects on rare and severely debilitating diseases. 

    In addition to these investments, there are also important reforms to boost the economic competitiveness of companies, including the reform to reduce payment delays by central and local government authorities, regional authorities, autonomous provinces and national health service bodies, and the reform to launch simplification and streamlining for business incentives.

    In line with the previous payment requests, the eighth instalment will be disbursed upon completion of the standard assessment process provided for by European procedures, the aim of which is to verify that all required milestones and targets have been met.

    MIL OSI Europe News

  • MIL-OSI United Nations: Conference Continues General Debate as It Enters Third Day

    Source: United Nations General Assembly and Security Council

    Fourth International Conference on Financing for Development,

    5th & 6th Meetings (AM & PM)

    Heads of State and Government, ministers and other senior officials from around the world will address the Conference as its general debate continues.

    For information media. Not an official record.

    MIL OSI United Nations News