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Category: Finance

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 18

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 23 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    05 May 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 18

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 18:
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 3,988,879 220.8030 880,756,453
    28 April 2025 153,145 223.7029 34,258,981
    29 April 2025 450,000 227.2175 102,247,875
    30 April 2025 406,167 229.0336 93,025,890
    01 May 2025 179,271 230.2048 41,269,045
    02 May 2025 345,113 239.6084 82,691,974
    Total accumulated over week 18 1,533,696 230.4849 353,493,764
    Total accumulated during the share buyback programme 5,522,575 223.4918 1,234,250,217

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.661% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

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    The MIL Network –

  • MIL-Evening Report: View from The Hill: a budding Trump-Albanese bromance?

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    It took an election win, but Anthony Albanese on Monday finally received that much-awaited phone call from US President Donald Trump.

    The conversation was “warm and positive,” the prime minister told a news conference, thanking the president for “reaching out”.

    “I won’t go into all of the personal comments that he made, but he was very generous in his personal warmth and praise towards myself. He was fully aware of the [election] outcome and he expressed the desire to continue to work with me in the future.”

    While they talked about tariffs (as well as AUKUS), the detailed engagement on that sensitive matter was left for later.

    Trump, as they say, loves a winner.

    When asked earlier in Washington about the Australian election, Trump said he was “very friendly” with Albanese.

    “I don’t know anything about the election other than the man that won, he’s very good, he’s a friend of mine,” the president said. Albanese had been “very, very nice to me, very respectful to me.

    “I have no idea who the other person is that ran against him.” There’s more than a touch of irony in this, given all the effort by the government and his other opponents to paint Peter Dutton as “Trump-lite”.

    The prime minister is likely to meet Trump soon, perhaps in June. Albanese has been invited to the G7 meeting in Canada. Trump may or may not be there but a meeting could be arranged around this.

    On the tariff front, the government is readying to defend the local film industry, after Trump announced a 100% tariff on all movies going into the United States.

    Arts Minister Tony Burke said: “Nobody should be under any doubt that we will be standing up unequivocally for the rights of the Australian screen industry.”

    Indonesia to be Albanese’s first foreign visit of new term

    Albanese announced his first overseas visit would be to Indonesia. This will be a particularly important visit, given the significance of the bilateral relationship and the recent Russian request (which Indonesia rejected) to base planes in Papua.

    Indonesian President Prabowo Subianto congratulated Albanese on his win in a call on Sunday.

    In the call, Albanese asked the president to host his first overseas visit, and the president said it would be “a great honour” to do so.

    Meanwhile, in the next few days Labor’s factions will be jostling over the spoils of victory. The factions work out broadly the membership of the frontbench, but Albanese, given he has massive authority with the huge win, will be able to impose his will in this process where he wants to do so. The prime minister allocates the portfolios.

    Although there will be changes, Labor sources are expecting substantial continuity between the old and new ministries, especially at the higher level.

    Albanese has previously confirmed top cabinet members, notably Treasurer Jim Chalmers, Foreign Minister Penny Wong, Defence Minister Marles, Finance Minister Katy Gallagher and Trade Minister Don Farrell, will remain in their present ministries.

    Most interest is in whether Environment Minister Tanya Plibersek is moved. Albanese would not say, when asked during the campaign, whether she would remain in environment although he confirmed she would stay in cabinet. Albanese and Plibersek have had a poor relationship over decades. She had expected to become education minister after the last election and was shocked to be given the environment portfolio/

    Albanese told his news conference “I want Labor to be the natural party of government”.

    Knife out for Angus Taylor

    What goes around comes around. Outgoing NSW Liberal senator Hollie Hughes, who blamed shadow treasurer
    Angus Taylor for her loss of preselection because he endorsed the candidate who beat her, has unleashed on Taylor’s leadership aspirations.

    Hughes told the ABC on Monday she would not support Taylor to be the next leader.

    She said the opposition’s economic narrative “was just completely non-existent. I’m not quite sure what [Taylor has] been doing for three years.

    “There was no tax plan, I think the economic team has significantly let down the parliamentary team, it’s let down our membership, it’s let down our supporters and it’s let down people in Australia broadly – the fact they had nothing to sell, nothing to say, and clearly had not done the work that was required.”

    She said deputy leader Sussan Ley had done “a fantastic job over the past three years and I’m hopeful that she will definitely still be part of our leadership.”

    Four names are in the mix for the successor to Peter Dutton, who lost his seat of Dickson in Saturday’s rout. They are Taylor, Ley, immigration spokesman Dan Tehan and defence spokesman Andrew Hastie. None has yet declared their candidature.

    Hastie told The West Australian at the weekend, “I certainly want to be able to drive change within the party itself and what that looks like will be up to my colleagues to determine”.

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

    – ref. View from The Hill: a budding Trump-Albanese bromance? – https://theconversation.com/view-from-the-hill-a-budding-trump-albanese-bromance-255619

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Artea – new name of Šiaulių Bankas

    Source: GlobeNewswire (MIL-OSI)

    On May 5, 2025, Artea Bank will officially begin operations. This marks a historic and strategic transformation, as Šiaulių Bankas adopts a new name after more than 30 years of serving the Lithuanian market. The bank has also introduced new equity ticker on the Nasdaq Baltic Exchange: ROE1L.

    “We are turning a new page in our history, inspired by the trust shown to us by businesses, consumers and investors. Our ambition is to become the best bank in Lithuania and the first choice for the residents and corporations. The new name is a strategic decision that will strengthen our ability to achieve this goal.

    This decision has been maturing for some time, and we feel that now is the best time to proceed, as we have grown into a universal bank specializing in the Lithuanian market and we intend to continue develop our business in this direction,” says Vytautas Sinius, Chief Executive Officer of Artea Bank.

    From now on, the bank will unite all of the group companies – asset management, life insurance, consumer credit, and multi-apartment modernization funds – under one brand Artea. The new website address is www.artea.lt.

    The name Artea deliberately combines elements that convey the bank’s vision and commitment to being closer to its customers through a modern form and national identity.

    Artea emphasizes accessible, flexible and modern banking services for corporate and private customers.

    The rebranding is part of the bank’s updated strategy for 2024–2029. The bank announced the name change publicly in early March, 2025 prior to the general meeting of shareholders and on March 31 the general meeting of shareholders unanimously approved the decision to change the name to Artea Bank. On May 5, 2025 the bank’s articles of association with the new name were registered in the Register of Legal Entities of Lithuania, and Šiaulių Bankas officially became Artea Bank.

    Artea remains the largest independently owned bank in Lithuania. The bank’s main shareholders  – Lithuanian business leaders Invalda INVL, Tesonet Global, Willgrow, and the international European Bank for Reconstruction and Development (EBRD) – remain unchanged.

    If you would like to receive Artea Bankas news for investors directly to your inbox, subscribe to our newsletter.

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@artea.lt , +370 610 44447

    The MIL Network –

  • MIL-OSI: Municipality Finance issues a GBP 50 million tap under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    5 May 2025 at 10:00 am (EEST)

    Municipality Finance issues a GBP 50 million tap under its MTN programme

    On 6 May 2025 Municipality Finance Plc issues a new tranche in an amount of GBP 50 million to an existing benchmark issued on 7 March 2024. With the new tranche, the aggregate nominal amount of the benchmark is GBP 550 million. The maturity date of the benchmark is 2 October 2028. The benchmark bears interest at a fixed rate of 4.375 % per annum.

    The new tranche is issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 6 May 2025. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

    UBS Europe SE acts as the Dealer for the issue of the new tranche.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland.
    The Group’s balance sheet is over EUR 53 billion.

    MuniFin builds a better and more sustainable future with its customers. Our customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI: 25/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 25 / 2025
    Schindellegi, Switzerland – 5 May 2025


    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

    Date       Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 66,897 85.22 5,701,099
    28 April 2025 1,082 88.61 95,876
    29 April 2025 1,800 89.18 160,524
    30 April 2025 1,700 90.50 153,850
    1 May 2025 1,700 90.48 153,816
    2 May 2025 1,500 91.93 137,895
    Accumulated 74,679 85.74 6,403,060

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 74,679 at a total amount of DKK 6,403,060.
    On 25 March and on 25 April 2025, 2,929 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025).
    On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 308,136 treasury shares, corresponding to 1.6%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,436,763.

    Investor and media contact
    Frederik Svanholm, Group Investment Director & Head of Investor Relations
    frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

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    The MIL Network –

  • MIL-OSI: Aktsiaselts Infortar interim report for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Aktsiaselts Infortar interim report for Q1 2025

    Infortar will arrange a webinar for investors today 5 May 2025.Please join the webinar via the following links:

    Estonia’s largest investment holding company, Infortar, increased its turnover by 20% in the first quarter of the year compared to the same period last year, reaching €447 million. The group’s total assets nearly doubled to €2.6 billion, while investments tripled to €22 million. In recent years, Infortar has nearly doubled the size of its real estate portfolio and is actively expanding across multiple sectors.

    Since August 1st of last year, the results of Tallink, a group company, have been consolidated into Infortar’s financial statements. Due to the highly seasonal nature of the maritime transport business, Tallink’s first-quarter loss of €33 million was reflected in Infortar’s own results. An additional impact came from a €1.7 million income tax expense, resulting in a total net loss of €14.6 million for Infortar in the first quarter, of which €4.5 million was attributable to Infortar’s shareholders. The energy business was affected by an exceptionally warm winter and lower consumption, but remained profitable overall. The real estate segment, meanwhile, showed significant year-on-year growth in volumes. 

    “The economy stands on three pillars – agriculture, industry, and services. In recent years, Infortar has expanded its presence across all three to achieve its goals and diversify risk. Moreover, we have grown into a market leader in each,” said Ain Hanschmidt, Chairman of the Management Board of Infortar.

    “The performance of Tallink had the biggest impact on Infortar’s first-quarter profitability. In addition to typical seasonality, passenger numbers in the first quarter reflected the state of the core markets’ economies and low consumer confidence. Still, it is important to note that the most challenging period of the year is now behind Tallink, and the outlook is more optimistic,” Hanschmidt added.

    “The energy business was affected by an exceptionally mild winter, lower consumption, and a gas surplus. Nevertheless, the segment remained profitable, primarily due to well-placed investments in gas distribution networks in Latvia and Poland. In real estate, we continued rapid growth – over the past year, we have expanded our portfolio by nearly 50%, becoming one of the largest property owners in the Baltics,” said Hanschmidt.

    “Despite a turbulent environment, Infortar continues to grow as one of the largest investment companies on the eastern coast of the Baltic Sea, actively seeking new investment opportunities. Our balance sheet strength is the key indicator of resilience – Infortar’s financial position and liquidity remain solid, free liquidity is €153 million enabling us to generate cash and invest. We can also confirm our continued commitment to the stated dividend policy. Diversification across sectors and countries has created a strong platform that provides confidence even in volatile times,” Hanschmidt concluded.

    Major Event

    Maritime transport

    Tallink´s first quarter of 2025 was impacted by low consumer and business confidence levels, the economic challenges in the Group’s core markets and global geopolitical tensions. As at the end of the quarter, the Group operated 14 vessels including 2 shuttle vessels, 6 passenger vessels, 2 vessels that were chartered out and 4 vessels that were in lay-up.

    During the quarter Tallink´s total investments amounted to EUR 13.3 million majority of which were made to upgrading the cruise ferries Baltic Princess and Silja Serenade. The planned maintenance works totalling 68 days in the first quarter of 2025 affected the passenger and cargo levels in Finland-Sweden routes.

    Energy

    In the first quarter, natural gas consumption in the Finnish-Baltic region totalled 15,0 TWh, decreasing by 19% compared with the previous year (16,5 TWh). Energy sales were negatively impacted by higher-than-average temperatures, which reduced the demand for natural gas.

    In the first quarter of 2025, Elenger Grupp sold a total of 4.6 TWh of energy (compared to 6,1 TWh in Q1 2024). Sales in Estonia accounted for 17% of the energy sales in Q1 2025. The company´s market share decreased in Q1 2025 to 20,0% in the Finland-Baltic gas market.

    Real estate

    At the end of last year, the Rimi logistics center in Saue municipality received its usage permit; this summer, the new bridge in Pärnu will be completed, and next year, DEPO will open its second store in Estonia, located in Lasnamäe.

    Key financial figures

    Key figures Q1 2025 Q1 2024 12 months 2024
    Sales revenue. m€ 447.357 372.584 1 371.775
    Gross profit. m€ 26.068 50.004 128.628
    EBITDA. m€ 27.661 74.004 145.275
    EBITDA margin (%) 6.2% 19.9% 10.6%
    Net profit. EBIT. m€ -0.655 67.624 77.024
    Total profit(-loss). m€ -14.561 62.062 193.670
    Net profit (-loss) holders of the Parent m€ -4.479 62.167 191.253
    EPS (euros)* -0.2 3.1 9.6
    Total equity m€ 1 181.002 820.210 1 166.222
    Total liabilities m€ 1 105.305 852.690 1 223.287
    Net debt m€ 952.397 195.799 1 055.708
    Investment loans to EBITDA (ratio)** 3.3x 1.5x 3.0x

    Notes:*For the earnings per share (EPS) calculation, the number of shares as of 31.03.35 has been used for comparability. Formula: profit/loss attributable to Infortar shareholders divided by the number of shares, excluding own shares issued under the stock option program. Example calculation based on the end of Q1 2024: (191 x 1,000,000) / (20,443,629 – 722,610).**Investment loans / EBITDA, annualized. For comparability,actualEBITDA of Tallink Grupp for the relevant period has been used, based on Tallink Grupp quarterly report.

    Revenue

    In the first quarter of the 2025 financial year, the Group’s consolidated revenue increased by EUR 74.7 million to EUR 447.4 million (Q1 2024 consolidated revenue: EUR 372.6 million). A significant impact came from the consolidation of Tallink Grupp’s results into Infortar’s consolidated financial statements as of 1 August 2024.

    EBITDA and Segment Reporting
    In the first quarter of the 2025 financial year, the EBITDA of the maritime transport segment amounted to EUR -3.8 million (Q1 2024: EUR 34.5 million).
    The energy segment’s EBITDA was EUR 31.8 million (Q1 2024: EUR 73.9 million).
    In the real estate segment, profitability is assessed based on the EBITDA of individual real estate entities.

    Based on separate real-estate companies results, the real estate segment’s EBITDA was EUR 3.4 million in Q1 2025 (Q1 2024: EUR 3.8 million).

    Net Profit (Loss)
    The consolidated net loss for the first quarter of the 2025 financial year was EUR -14.6 million, including a loss attributable to Infortar’s owners of EUR -4.5million (Q1 2024 net profit: EUR 62.1 million, including EUR 62.2 million attributable to Infortar’s owners).

    Investments
    In the spring of 2024, Infortar entered the agricultural sector by acquiring one of Estonia’s largest dairy farms in Halinga and began construction of a biomethane plant next to the farm to produce local green gas. Today, on 5 May, Infortar announced an additional investment plan in Estonia Farmid OÜ.
    In the first quarter of 2025, the total amount of investments made by the Infortar Group was approximately EUR 22 million.

    Financing
    As of the first quarter of the 2025 financial year, the Group’s total loan and lease liabilities amounted to EUR 1 105.3million (compared to EUR 1 223.3 million at the end of the 2024 financial year). Infortar’s net debt stood at EUR 952.397 million. The net debt to EBITDA ratio was 3.4.

    Dividends

    According to the dividend policy, the objective is to pay dividends of at least 1 euro per share per financial year. Dividend payments are made semi-annually. Infortar Group’s management proposes to pay a dividend of 3 euros per share for the 2024 financial year results. According to the proposal, the first payout is planned to be made no later than July, and the second payout in December 2025. 

    Consolidated Statement of Profit or Loss

    (in thousands of EUR) Q1 2025 Q1 2024 12 months 2024
    Revenue 447 357 372 584 1 371 775
    Cost of goods (goods and services) sold -421 173 -322 573 -1 243 034
    Write-down of receivables -116 -7 -113
    Gross profit 26 068 50 004 128 628
    Marketing expenses -10 976 -415 -21 086
    General administrative expenses -20 965 -7 238 -50 438
    Profit (loss) from derivatives 0   26 672
    Profit (loss) from biological assets -33 0 -139
    Profit (loss) from the change in the fair value of the investment property 0 156 -949
    Profit (loss) from the change in the fair value of the investment property 3 939 24 659 -8 691
    Other operating revenue 1 956 600 4 682
    Other operating expenses -644 -142 -1 655
    Operating profit -655 67 624 77 024
           
    (in thousands of EUR) Q1 2025 Q1 2024 12 months 2024
    Profit (loss) from investments accounted for by equity method 955 2 000 22 974
    Financial income and expenses:      
    Other financial investments -333 0 13 342
    Interest expense -12 896 -6 745 -38 274
    Interest income 842 1 244 4 979
    Profit (loss) from changes in exchange rates -315 -2 100
    Other financial income and expenses -451 4 93 659
    Total financial income and expenses -13 153 -5 499 73 806
    Profit before tax -12 853 64 125 173 804
    Corporate income tax -1 708 -2 063 19 866
    Profit for the financial year -14 561 62 062 193 670
    including:      
    Profit attributable to the owners of the parent company -4 479 62 167 191 253
    Profit attributable to non-controlling interest -10 082 -105 2 417
           
    Other comprehensive income Q1 2025 Q1 2024 12 months 2024
    tems that will not be reclassified to profit or loss      
    Revaluation of post-employment benefit obligations     -141
    Items that may be subsequently reclassified to the income statement:  
    Revaluation of risk hedging instruments     -45 792
    Exchange rate differences attributable to foreign subsidiaries     53
    Total of other comprehensive income     -45 880
    Total income, including:     147 790
    including:      
    Comprehensive profit attributable to the owners of the parent company     145 514
    Comprehensive profit attributable to non-controlling interest     2 417
    Ordinary earnings per share (in euros per share) -0,22 14,62 9
    Diluted earnings per share (in euros per share) -0,21 14,15 14,15

    Consolidated Statement of Financial Position

    (in thousands of EUR) 31.03.25 31.12.24
    Current assets    
    Cash and cash equivalents 152 908 167 579
    Short term financial investments 0 0
    Derivative financial assets 16 968 8 333
    Settled derivative receivables 2 448 676
    Other prepayments and receivables 153 040 155 351
    Prepayments for taxes 3 650 3 831
    Trade and other receivables 51 379 38 517
    Prepayments for inventories 1 953 2 498
    Inventories 124 636 215 914
    Biological assets 941 941
    Total current assets 507 923 593 640
         
    Non-current assets 31.03.25 31.12.24
    Investments to associates 17 559 16 603
    Long-term derivative instruments 340 3 214
    Other long term obligations 34 685 35 163
    Property, plant and equipment at fair value 1 309 599 1 315 167
    Investment property 68 175 67 931
    Property, plant and equipment 598 280 594 291
    Intangible assets 38 008 38 874
    Right-of-use assets 46 043 47 598
    Biological assets 2 720 2 753
    Total non-current assets 2 115 409 2 121 594
    TOTAL ASSETS 2 623 332 2 715 234
         
    (in thousands of EUR) 31.03.25 31.12.24
    Current liabilities    
    Loan liabilities 396 801 497 162
    Rental liabilities 8 755 9 020
    Payables to suppliers 104 664 87 941
    Tax obligations 48 861 49 354
    Buyers’ advances 40 946 31 126
    Settled derivatives 9 706 8 728
    Other current liabilities 68 409 63 431
    Short term derivatives 8 285 27 704
    Total current liabilities 686 427 774 466
         
    Non-current liabilities 31.03.25 31.12.24
    Long-term provisions 8 455 9 946
    Deferred taxes 3 039 2 816
    Other long-term liabilities 43 412 43 209
    Long-term derivatives 1 248 1 471
    Loan-liabilities 661 602 676 670
    Rental liabilities 38 147 40 435
    Total non-current liabilities 755 903 774 547
    TOTAL LIABILITIES 1 442 330 1 549 013
         
    (in thousands of EUR) 31.03.25 31.12.24
    Equity    
    Share capital 2 117 2 117
    Own shares -72 -72
    Share premium 32 484 32 484
    Reserve capital 212 212
    Option reserve 7 431 6 223
    Hedging reserve* 3 510 -21 674
    Unrealised currency translation differences 2 854 45
    Employment benefit reserve -44 -185
    Retained earnings 885 688 890 167
    Net profit of the financial year    
    Total equity attributable to equity holders of the Parent 934 180 909 317
    Minority interests 246 822 256 904
    Total equity 1 181 002 1 166 221
         
    TOTAL LIABILITIES AND EQUITY 2 623 332 2 715 234

    Consolidated Statement of Cash Flows

    Cash flows from operating activities    
    (in thousands of EUR) 3 months
    2024    		 12 months
    2024
    Profit for the financial year -14 561 193 670
    Adjustments:    
    Depreciation, amortisation, and impairment of non-current assets 28 316 68 251
    Change in the fair value of the investment property 0 0
    Equity profits/losses -956 -22 974
    Change in the value of derivatives -79 -1 483
    Other financial income/expenses 2 300 -112 030
    Calculated interest expenses 12 896 38 274
    Profit/loss from non-current assets sold -116 -955
    Income from grants recognised as revenue -385 -643
    Corporate income tax expense 1 708 -19 866
    Income tax paid -1 485 -10 551
    Change in receivables and prepayments related to operating activities -12 184 52 023
    Change in inventories 91 823 -12 831
    Change in payables and prepayments relating to operating activities 29 780 -81 275
    Change in biological assets 33 -322
    Total cash flows from operating activities 137 090 89 288
         
    Cash flows from investing activities 3 months
    2024    		 12 months
    2024
    Purchases of subsidiaries -333 -111 684
    Proceeds from the sale of other financial investments 0 0
    Received dividends 0 20 862
    Given loans 607 1 918
    Interest gain 755 4 953
    Purchases Investment property -244 -10 352
    Purchases of property, plant and equipment -23 305 -27 835
    Proceeds from sale of property 139 1 561
    Total cash flows used in investing activities -22 381 -120 577
         
    Cash flows used in financing activities 3 months
    2024    		 12 months
    2024
    Gain from goverment grants 394 225
    Changes in overdraft -43 343 12 863
    Proceeds from borrowings 94 276 358 731
    Repayments of borrowings -166 362 -151 790
    Repayment of finance lease liabilities -3 591 -11 300
    Interest paid -10 754 -39 153
    Dividends paid 0 -60 997
    Gain from share emission 0 3 174
    Total cash flows used in financing activities -129 380 111 753
      0 0
    TOTAL NET CASH FLOW -14 671 80 464
    Cash at the beginning of the year 167 579 87 115
    Cash at the end of the period 152 908 167 579
    Net (decrease)/increase in cash -14 671 80 464

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,296 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    Attachments

    The MIL Network –

  • MIL-OSI: Dawn Health Secures EURm 11.5 to Scale Platform & Product Suite for Next-Gen Pharma Digital Health Solutions

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Dawn Health Secures EURm 11.5 to Scale Platform & Product Suite for Next-Gen Pharma Digital Health Solutions

    Copenhagen, Denmark – 5th of May, 2025

    Dawn Health – a global leader in digital health, co-founded by Trifork and held as a minority investment in Trifork Labs – today announced that the company has secured a funding round of EURm 11.5 from its existing investors: Chr. Augustinus Fabrikker, the Export and Investment Fund of Denmark (EIFO), and Trifork Labs. The investment is aimed at supporting the company’s strategy to deliver its platform and product suite to global pharma companies through a SaaS model, while continuing to invest in further offerings within the Dawn Product Suite.

    Since 2021, Dawn Health has been dedicated to developing a best-in-class platform designed specifically to accommodate the needs and use cases of the pharmaceutical industry. The Dawn Platform and Product Suite have already been widely adopted by five global industry leaders, including Merck and Novartis. The Dawn Platform is currently used in areas such as oncology, multiple sclerosis, and rare pediatric conditions like growth disorders. It helps patients manage their treatment, report symptoms, and stay in close contact with their healthcare team.

    The Dawn Platform and Product Suite empower pharma companies, patients, and healthcare professionals to improve outcomes and patient care by leveraging advanced capabilities in AI, data, evidence generation, clinical integrations, personalization, and connected health. By improving both data collection and analytics, these capabilities ultimately benefit patients and pharma companies alike, positioning the Dawn Platform as the foundation for therapy companions, disease management programs, and real-world evidence (RWE) solutions that enable the next generation of digital health.

    “Our ambition is to be the global leader in digital health, powering pharma’s next-generation products – and ultimately improving the lives of patients worldwide,” said Alexander Mandix Hansen, CEO of Dawn Health. “This funding allows us to bring our proven platform to more markets and deepen our impact.”

    This next phase reinforces Dawn Health’s position as a trusted partner to pharma companies, delivering valuable, scalable, regulatory-grade digital health products that evolve with the needs of modern medicine.

    “Since the major investment in December 2021, Dawn Health has grown its revenue significantly and expanded its footprint in global pharma. With more than 100 employees, unique solutions, and a strong regulatory infrastructure, we are prepared to further accelerate our growth,” said Lars Marcher, Chairman of Dawn Health.

     

    About Dawn Health
    Dawn Health is a global leader in digital health, specializing in the development of Software as a Medical Device (SaMD), Digital Therapeutics (DTx), and connected health solutions. Accelerating the launch of digital solutions to market, the Dawn Health product suite drives innovation to change the lives of people with chronic conditions. Through close partnerships with the life sciences industry, Dawn Health creates digital health products that transform patient care through an empathetic and human-centric approach. Learn more at dawnhealth.com.

    Contact: Christopher Kold, Marketing Manager, cko@dawnhealth.com, +45 41 58 60 88

    About Trifork Group
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    Contact: Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 7317

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    The MIL Network –

  • MIL-Evening Report: 5 huge climate opportunities await the next parliament – and it has the numbers to deliver

    Source: The Conversation (Au and NZ) – By Anna Skarbek, Climateworks CEO, Monash University

    Australians have returned an expanded Labor Party to government alongside a suite of climate-progressive independents. Meanwhile, the Coalition – which promoted nuclear energy and a slower renewables transition – suffered a historic defeat.

    Labor also looks set to have increased numbers in the Senate, where the Greens are likely to hold the balance of power.

    These numbers mean support for progressive climate and energy policy in Australia’s 48th parliament is shaping as stronger than the last. So what does this mean as Australia seeks to position itself as a leader in the global net zero economy?

    In its first term in government, Labor laid the groundwork for stronger climate action, including legislating an emissions-reduction target and putting crucial policies and organisations in place. The next parliament will be well-placed to build on these foundations. Here, we explain where key opportunities lie.

    1. National emissions target for 2035

    By September this year, all signatories to the global Paris Agreement must set emissions reduction targets out to 2035.

    Labor is waiting on advice from the Climate Change Authority before setting its target. The authority’s initial advice last year suggested a target between 65% and 75%, based on 2005 levels.

    Some countries have already set their targets. The United Kingdom, for example, will aim for a reduction of at least 81% by 2035, based on 1990 levels.

    2. A firm plan for net-zero

    Australia has committed to reaching net-zero emissions by 2050. Getting there will require innovation and investment across the economy. In the last term of government, Labor began
    developing net-zero plans for each economic sector. They comprise energy, transport, industry, resources, the built environment, and agriculture and land.

    The plans are due to be finalised this year. They will act as a tangible map for Australia to meet both net zero and the 2035 emissions-reduction target, and are keenly awaited by state governments, industry and investors.

    This policy area presents the broadest opportunity for the crossbench to exert influence for greater ambition, scale and pace. Neither the 2035 target nor the sector plans need to go through parliament – however they could feature in broader parliamentary negotiations.

    Separately, the Safeguard Mechanism will be reviewed in 2027, during this parliament. The policy aims to reduce emissions reductions from Australia’s biggest greenhouse-gas polluters. It is key to reaching net zero in Australia’s industrial sector, and an important moment to ensure the policy reduces emissions at the rate needed.

    3. Bidding to host COP31

    Australia is bidding to host next year’s United Nations global climate talks, or COP, in partnership with Pacific Island nations. The bid was opposed by the Coalition.

    A decision on the COP host is expected in June. If Australia succeeds, the federal government will seek to use the high-profile global gathering to showcase its climate credentials – and there will be high expectations from Pacific co-hosts. So all policy between now and then really matters.

    4. An energy system to make Australia thrive

    Energy produces about 70% of Australia’s emissions. Tackling this means reducing emissions from electricity through renewable generation. Elsewhere in the economy, it means switching from gas, petrol and diesel to clean electricity.

    The government’s plan to reach 82% renewable energy by 2030 remains crucial. Australia’s electricity system is expected to reach around 50% renewable energy this year. But there is more work to do.

    A review of the National Electricity Market is due this year. It is expected to recommend ways to promote greater investment in renewable generation and storage. This includes what policy might follow the Capacity Investment Scheme, a measure to boost renewables investment which will be rolled out by 2027.

    Faster action on the renewable shift can also be achieved through the Australian Energy Market Operator’s next Integrated System Plan – the nation’s roadmap for guiding energy infrastructure and investment.

    Labor also has scope to improve energy efficiency, and better match energy demand and supply – especially at times of peak energy use. The government’s commitments to subsidise home batteries, and expand the Clean Energy Finance Corporation, will help achieve this. The crossbench, including the Greens, is likely to seek greater investments to reduce household energy use and costs.

    Beyond this, Australia’s electricity grid needs to be double the size of what’s currently planned, to power the entire economy with clean energy.

    5. Leverage clean energy export advantages

    Australia generates about a quarter of its GDP from exports – many of them emissions-intensive such as fossil fuels, minerals and agricultural products.

    In his election victory speech, Prime Minister Anthony Albanese urged Australia to seize the moment at a time of global economic disruption. Key to this will be building on the Future Made in Australia agenda and ensuring Australia makes the most of its competitive advantages as the world transitions to net-zero.

    This will include:

    • leveraging a strong reputation as a reliable trade partner
    • capitalising on our world-leading solar and wind energy resources to produce low-emissions goods for export
    • developing the industry around critical minerals and rare earths needed in low-emissions technologies
    • helping metals and minerals sectors achieve net-zero emissions pathways.

    This will be central to trade negotiations in the years to come. Realising Australia’s green exports aspiration requires action abroad as well as at home.

    A game-changing decade

    This decade is crucial to Australia’s future economy, and to the success of Australia’s long-term transition to net zero emissions. Our work has shown Australia can slash emissions while the economy grows.

    The question now is how quickly the re-elected government – indeed, the next parliament – can realise Australia’s ambition as a renewable energy superpower.

    The next three years will provide vital opportunities and they must be seized – for the sake of our energy bills, our economic prosperity and Australia’s reputation on the world stage.

    Anna Skarbek is on the board of the Net Zero Economy Authority, SEC Victoria, the Centre for New Energy Technologies, the Green Building Council of Australia, and the Asia-Pacific Advisory Board of the Glasgow Financial Alliance on Net Zero. She is CEO of Climateworks Centre which receives funding from philanthropy and project-specific financial support from a range of private and public entities including federal, state and local government and private sector organisations and international and local non-profit organisations. Climateworks Centre works within Monash University’s Sustainable Development Institute.

    Climateworks Centre is a part of Monash University. It receives funding from a range of external sources including philanthropy, governments and businesses. Businesses such as mining companies and industry associations have previously co-funded Climateworks’ research on industrial decarbonisation, and may benefit from policies mentioned in this article.

    – ref. 5 huge climate opportunities await the next parliament – and it has the numbers to deliver – https://theconversation.com/5-huge-climate-opportunities-await-the-next-parliament-and-it-has-the-numbers-to-deliver-255772

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Costa, Newhouse, Curtis Push to Unlock Federal Funding for Western Water Infrastructure

    Source: United States House of Representatives – Congressman Jim Costa Representing 16th District of California

    WASHINGTON—Congressman Jim Costa (CA-21), Congressman Dan Newhouse (WA-04), and Senator John Curtis (R-UT) introduced the Restoring WIFIA Eligibility Act, bipartisan legislation aimed at strengthening water quality and storage infrastructure across the Western United States. “Water is the lifeblood of the West, and as climate change intensifies drought and weather extremes, we must invest in reliable, modern water infrastructure,” said Congressman Costa. “Our legislation will provide California and San Joaquin Valley water managers with the tools they need to expand water storage and ensure clean drinking water in our communities.”  “After meeting with several water conservancy districts across Utah over the past few months, one thing is clear: Utah’s rapid population growth is placing significant pressure on our community water resources,” said Senator Curtis. “This bipartisan legislation would make it easier for local governments and utilities to invest in critical water infrastructure projects—helping ensure we can meet the growing needs of our communities.”“Federal irrigation, clean water, and wastewater projects are essential to rural areas like Central Washington, but a lack of resources for maintenance and repairs puts our water infrastructure at risk. This legislation gives our local water managers the tools they need to sustain long-term projects and guarantee clean, safe water that our communities, farmers, and ranchers rely on,” said Congressman Newhouse.”As we face the ongoing challenges of water scarcity in the West, the introduction of the Every Drop Counts Act and the Groundwater Technical Assistance Act represents a useful step toward ensuring a sustainable future for our communities, ecosystems, and farms. These bipartisan efforts will not only enhance our capabilities for groundwater recharge but also empower local agencies to innovate and implement solutions that restore our vital aquifers. Together, we are laying the groundwork for a resilient water supply that supports agriculture, the environment, and the needs of our growing population,” said Rick Borges, President of the Friant Water Authority.“The Restoring WIFIA Eligibility Act provides much-needed reforms related to technical issues that substantially limit access to WIFIA loan funding for facilities under federal ownership, regardless of the method of loan repayment,” said Cannon Michael, Board Chair of the San Luis & Delta-Mendota Water Authority. “We thank Rep. Costa for his leadership on this issue. Given the significant infrastructure improvements needed to improve the reliability of water supplies for the Water Authority’s members, it’s critical that every funding tool be available to improve affordability for the farming families, disadvantaged communities, and wildlife and wildlife enthusiasts who are reliant on the Water Authority’s members for their water supplies.”BACKGROUNDCalifornia’s San Joaquin Valley, one of the most productive agricultural regions in the world, depends heavily on complex water delivery systems to sustain its economy and rural communities. However, the region is grappling with drought, groundwater depletion, and strict water quality standards. The Restoring WIFIA Eligibility Act would update the Water Infrastructure Finance and Innovation Act (WIFIA), originally enacted in 2014. This legislation accelerates investment in the nation’s aging water systems by offering long-term, low-cost loans for major water projects. This bill would clarify that federally owned water infrastructure, when operated by non-federal entities such as California’s Friant Water Authority and the San Luis Delta-Mendota Water Authority is eligible for WIFIA financing.Access to WIFIA financing will enable San Joaquin Valley water agencies to invest in infrastructure upgrades, including groundwater recharge, surface storage, and conveyance improvements.

    MIL OSI USA News –

  • MIL-OSI: Inside information: Jouko Pölönen appointed as the CEO of eQ Plc

    Source: GlobeNewswire (MIL-OSI)

    eQ Plc Stock exchange release, inside information

    5 May 2025, at 8:00 AM

    The Board of Directors of eQ Plc (“eQ”) has decided to appoint M.Sc. (Econ & Bus. Adm.), eMBA Jouko Pölönen as the company’s new Chief Executive Officer. Jouko Pölönen will assume the position no later than 5 November 2025. Since 28 October 2024, Janne Larma has been serving as eQ’s interim CEO and will continue in that role until Pölönen is able to start as a new CEO.

    eQ will host a press conference regarding Pölönen’s appointment on 5 May at 1:30 PM, welcoming representatives of the media, investors and analysts. Further details regarding participation can be found at the end of this release.

    Pölönen, 55, has made a distinguished career in the financial sector. Most recently, he has served for seven years as CEO of Ilmarinen Mutual Pension Insurance Company. Prior to that, he held roles such as Head of Banking at OP Financial Group and CEO positions at OP Corporate Bank Plc, Helsinki Area Cooperative Bank, and Pohjola Insurance Ltd.

    “eQ is one of the leading asset managers in Finland, with a particularly strong position in private equity and real estate asset management. I am excited to join eQ’s talented team and confident that together we can create added value for our clients and shareholders. I am highly goal- and results-oriented. I expect that we can drive profitable growth during the coming years,” says Pölönen.

    Chair of the Board Georg Ehrnrooth says that the Board is very pleased to have appointed Pölönen as CEO of eQ.

    “We are convinced that Jouko is the right person to lead eQ and to implement our growth objectives and strategy together with our skilled and professional team,” Ehrnrooth says.

    “Jouko brings in his extensive experience in the financial sector, leadership, and strategic development and execution. In addition, Jouko has a broad network of contacts with investors, businesses, and the public sector. While eQ’s financial performance in the past couple of years has not met the targets, we believe the fundamentals for a turnaround are already in place,” Ehrnrooth continues.

    Pölönen sees significant opportunities in the asset management market:

    “eQ has excellent products that many institutions and family offices rely on. More and more private individuals are saving and investing, and we want to offer also to them the best wealth management products and services to build their wealth. I consider professional asset management as a highly interesting and growing market. A key factor for me in a accepting this role was also the opportunity to become an owner myself,” Pölönen says.

    The three largest shareholders of eQ have agreed to sell a total of one million (1,000,000) eQ shares to Pölönen. Technically, the shares will be sold to Pölönen’s personal investment company. This amount represents approximately 2.4 percent of eQ’s total share capital. As a result of the transaction, Pölönen will rank among the ten largest shareholders of eQ. The share sale will be completed during May.

    Georg Ehrnrooth comments:

    “We want to ensure Jouko’s commitment and give him a strong incentive to drive growth with an entrepreneurial spirit and act in accordance with eQ’s values.”

    Additionally, the Board of Directors has decided to grant Pölönen 100,000 stock options under the 2025 option program. The terms of the option program were announced on 4 February 2025 and are available on the company’s website. Pölönen will receive the options upon the commencement of his employment.

    Jouko Pölönen’s CV is attached to this release.

    Press Conference

    eQ will hold a press conference today, 5 May 2025, at 1:30 PM. Speakers will include Georg Ehrnrooth, Chair of the Board; Janne Larma, interim CEO of eQ; and Jouko Pölönen, appointed CEO of eQ. The event will take place at Studio Eliel in Sanomatalo, Helsinki. Participants will have the opportunity to ask questions after the presentations. The event can also be followed via webcast at: https://eq.videosync.fi/2025-05-05

    eQ Plc

    Additional information:

    Janne Larma, interim CEO, tel. +358 40 500 4366
    Georg Ehrnrooth, Chair of the Board, tel. +358 9 6817 8777 

    Distribution: Nasdaq Helsinki, www.eQ.fi, media

    eQ is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the group total approximately EUR 13.6 billion. Advium Corporate Finance, which is part of the group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets. The share of the group’s parent company eQ Plc is listed on Nasdaq Helsinki. More information about the group is available on our website at www.eQ.fi.

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    The MIL Network –

  • MIL-OSI: A subsidiary of Aktsiaselts Infortar signed a shareholders’ agreement for acquiring a shareholding in OÜ Estonia Farmid

    Source: GlobeNewswire (MIL-OSI)

    On 2. May 2025 OÜ EG Biofond (registry code: 11504910) signed an investment agreement and a shareholder ‘agreement for acquiring a 96,6%% shareholding in OÜ Estonia Farmid (registry code: 10627556). A 3.4% shareholding is held by Estonia Farmid OÜ’s subsidiary, Osaühing Estonia (registry code: 10038386).
    According to the agreements, getting an approval from the Competition Authority and additional operations are preconditions for completion of the transaction. Following the transaction, the shareholders of Estonia Farmid OÜ are OÜ EG Biofond with a 96.6% shareholding and Osaühing Estonia with a 3.4% shareholding.
    Estonia Farmid OÜ holds shareholdings in three agricultural companies: Estonia OÜ, Kabala Agro OÜ, and Sõrandu Farm OÜ, collectively employing nearly 150 people. The agricultural group manages a total of 9,400 hectares of arable land in Türi and Järva municipalities, of which over 6,000 hectares are owned by the company. The group’s dairy farms are located in Central Estonia – Oisu, Taikse, and Kabala – with a total of 2,640 dairy cows. The average milk production per cow at the Estonia dairy farm is among the highest in Estonia, reaching 13,300 kilograms annually. In addition to milk production, the company grows 27,000 tons of grains and rapeseed per year. Estonia Farmid OÜ also owns a 40% stake in the Oisu biomethane plant, which helps reduce the carbon footprint associated with milk production.
    “Estonia’s greatest natural resources are food, timber, and minerals – these are the pillars of both our current and future economy. Estonia has fertile farmland, and our milk production is among the best in the region. The dairy industry is definitely one of the sectors where we can compete internationally,” said Ain Hanschmidt, Chairman of the Management Board of Infortar.
    “The economy is set on three pillars – agriculture, industry, and services. In recent years, Infortar has expanded its presence across all three sectors to achieve its ambitions and manage risk. More than that, we have grown to become a market leader in each,” Hanschmidt added.
    “Estonia Farmid, one of Estonia’s strongest agricultural companies, is doing well, but further development requires investments and risk-taking on a scale that the current owners no longer consider reasonable. We’re now at a point where the next steps for Estonia Farmid OÜ should be taken by a new, ambitious owner,” said Jaanus Marrandi, Management Board Member of Estonia Farmid OÜ.
    “Estonia Farmid is being acquired by one of Estonia’s most prominent and financially strong groups – known for its solid reputation and international reach. As a listed company, Infortar provides us with the confidence that the work done so far, as well as future development and stability, will be ensured,” Marrandi emphasized.
    The transaction is not treated as a transaction beyond everyday economic activities or a transaction of a significant importance, nor as a transaction with related persons, within the meaning of the “Requirements for Issuers” part of the NASDAQ Tallinn Stock Exchange rules. The transaction does not have a significant impact on Aktsiaselts Infortar’s activities. The members of the Supervisory Board and the Management Board of Aktsiaselts Infortar are not personally interested in the transaction in any other way.

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,228 people.

    Additional information:
    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee 
    www.infortar.ee/en/investor

    The MIL Network –

  • MIL-OSI New Zealand: Pakuranga Road now open following fire

    Source: New Zealand Police (District News)

    Pakuranga Road has reopened in both directions following an earlier building fire.

    Investigations into the cause of the fire at the McDonalds are underway.

    Police would like to thank the public for their patience while the fire was extinguished.

    ENDS.

    Holly McKay/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Trade negotiations with India commence

    Source: New Zealand Government

    Following significant engagement over the last month, the first in-person round of negotiations towards a comprehensive India New Zealand Free Trade Agreement (FTA) will take place in India this week. 

    This follows the highly successful visit to India last year by Deputy Prime Minister, Winston Peters and the formal launch of negotiations by Minster for Trade and Investment, Todd McClay and Indian Minister of Commerce and Industry, Piyush Goyal during the Prime Minister’s large trade mission to New Delhi in April.

    “This is an important step in our trade relationship with India and signals the two Governments’ intent to deliver a high quality outcome that benefits both countries,” Mr McClay says.

    “With a population of 1.4 billion and a GDP estimated to grow to USD $5.2 trillion by 2030, India offers significant opportunity for New Zealand exporters,” Mr McClay says.

    “Strengthening ties with India across the board is a key part of the Government’s broader strategy to diversify and grow New Zealand’s export markets and double trade by value in 10 years.

    MIL OSI New Zealand News –

  • MIL-OSI Security: Three Mile Plains — Missing person: Help the RCMP find Lyndsay Moorhouse

    Source: Royal Canadian Mounted Police

    West Hants RCMP Detachment is asking for the public’s assistance in locating 43-year-old Lyndsay Moorhouse, from Three Mile Plains. She was last seen on May 4 in Three Mile Plains.

    Moorhouse is described as 5-foot-2 and approximately 200 pounds. She has medium-length blond hair, blue eyes, and glasses. She is believed to be wearing jeans and a black hoodie.

    Moorhouse is known to frequent the Halifax area.

    Investigators believe that she may be driving a blue 2019 Hyundai Elantra, Nova Scotia licence plate GEB 779. The image included is a stock photo of the vehicle.

    When someone goes missing, it has deep and far-reaching impacts for the person and those who know them. We ask that people spread the word through social media respectfully.

    Anyone with information on the whereabouts of Lyndsay Moorhouse is asked to contact the West Hants RCMP Detachment at 902-798-2207, or 911 in an emergency. To remain anonymous, call Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip at www.crimestoppers.ns.ca, or use the P3 Tips app.

    MIL Security OSI –

  • MIL-OSI New Zealand: NZ-EU trade deal delivers export growth

    Source: New Zealand Government

    The early entry into force of the New Zealand–European Union Trade Agreement (FTA) is paying off, with Kiwi goods exports to the EU surging by 28 per cent during the first year. 

    “In the last 12 months our goods exports to the EU surged from $3.8 billion to over $4.8 billion,” Trade and Investment Minister Todd McClay says.

    “This is good news for all New Zealanders, especially our sheep farmers, kiwifruit growers and machinery exporters. Sheep meat was up 29 per cent adding an additional $216 million, kiwifruit has increased by 69 per cent contributing a further $316 million, and machinery was up an impressive 104 per cent providing $173 million more compared to the previous year.

    “Strengthening ties with trading partners is crucial to growing the New Zealand economy and driving up incomes for Kiwis. Better market access, lower costs, and fewer trade barriers with the EU are key to delivering the Government’s ambitious goal of doubling the value of New Zealand’s exports in 10 years.”

    The NZ-EU FTA removed 91 per cent of duties on New Zealand exports immediately, climbing to 97 per cent after seven years. Wine, seafood, and a range of other products are also benefiting from significant tariff reductions.

    “Our growing network of trade agreements means exporters now have more choices about where to sell their world-class products,” Mr McClay says.

    MIL OSI New Zealand News –

  • MIL-OSI: Bitget Amplifies Global Leadership and Community Impact with Strong Presence at TOKEN2049 Dubai

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, May 05, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has wrapped up an impactful and illuminating week at TOKEN2049. As a Gold Sponsor, Bitget marked its presence through headline participation, strategic dialogue, and community-focused activations, engaging with key industry leaders, partners, and thousands of attendees from around the world.

    Gracy Chen, CEO of Bitget, delivered a keynote address on Day One of the conference, highlighting how the exchange has continued to scale in a challenging economic environment. She pointed to the strong performance of Bitget’s native token, BGB, which has seen significant growth in both market cap and user adoption in 2025. Her remarks focused on how Bitget continues to operate with agility in volatile conditions, translating uncertainty into momentum and using market shifts as a springboard for innovation. The session offered attendees practical insight into Bitget’s approach to sustained scaling in a fast-evolving space.

    At the Bitget booth, multiple KOLs, affiliates and partners of Bitget showed up to provide support, along with UCLA Professor Alex Nascimento’s Book on Blockchain and STOs mentioning Bitget’s growth being featured for exclusive signing.

    Bitget also hosted Cryptoverse Dream Night on April 30, an invite-only side event presented in collaboration with 1inch and backed by Morph. The event brought together over 400 attendees from across the ecosystem for an evening of curated experiences, live entertainment, and high-value networking.

    Following the conclusion of TOKEN2049, Bitget CEO Gracy Chen participated in the Hack Seasons Conference 2025 in Dubai. During the Exchanges Panel, she joined industry leaders to discuss the evolving landscape of digital asset trading platforms. Gracy shared insights into Bitget’s strategic initiatives, emphasizing the integration of centralized and decentralized finance, and the company’s commitment to advancing Web3 infrastructure. Her contributions highlighted Bitget’s role in shaping the future of the crypto industry and fostering innovation in the digital economy.

    “Our involvement in Token2049 was not just about visibility,” said Gracy. “It was about being where the real conversations are happening — with builders, users, and investors who are shaping the direction of the crypto ecosystem. Events like this are essential to turning ideas into action.”

    Bitget’s TOKEN2049 presence follows a series of milestones in 2025, including a 20% increase in total user base to over 120 million users, a spot trading volume surge of 159% QoQ to $387 billion and its inclusion in Forbes’ Top Trusted Crypto Exchange list. As Bitget continues to expand its global footprint and advance its vision for the future of crypto, it remains focused on delivering accessible, secure, and user-driven solutions that meet the evolving needs of traders and the broader Web3 community.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com 

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    Photos accompanying this announcement are available at: 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/49fedce9-c33a-47e3-8fb5-69e28f4b2374
    https://www.globenewswire.com/NewsRoom/AttachmentNg/128b25bd-5b17-4d2c-ab16-4f2c77a4337b
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d653aaa6-3e4d-4f91-aa27-fa92648999ed
    https://www.globenewswire.com/NewsRoom/AttachmentNg/ea0a19bd-7a95-459f-bf1a-bdc20fcfd4a2
    https://www.globenewswire.com/NewsRoom/AttachmentNg/18a37dc7-ef60-4a73-acf2-a111f121562a
    https://www.globenewswire.com/NewsRoom/AttachmentNg/2093e01c-1a83-4334-8f2b-8b8ca58333bf

    The MIL Network –

  • MIL-OSI Economics: Joint Statement of the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting

    Source: ASEAN

    1. The 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM+3) took place on 4 May 2025 in Milan, Italy under the co-chairmanship of H.E. Datuk Seri Amir Hamzah Azizan, Minister of Finance II of Malaysia, H.E. Dato’ Seri Abdul Rasheed Ghaffour, Governor of Bank Negara Malaysia, H.E. Lan Fo’an, Minister of Finance of the People’s Republic of China, and H.E. Pan Gongsheng, Governor of the People’s Bank of China. The Director of the ASEAN+3 Macroeconomic Research Office (AMRO), the President of the Asian Development Bank (ADB), the Deputy Secretary-General of ASEAN Secretariat, and the Deputy Managing Director of the International Monetary Fund (IMF) were also present at the meeting.
     
    2. We express our deepest condolences to the people of Myanmar and Thailand for the tragic loss caused by the devastating earthquake on 28 March. Our thoughts are with the affected communities during this difficult time, and we stand in solidarity with them as they recover and rebuild.
     
    Download the full statement here.
    The post Joint Statement of the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI New Zealand: Universities – Robinson Research Institute awarded $71 million to host advanced technology platform – Vic

    Source: Te Herenga Waka—Victoria University of Wellington
     
    Robinson Research Institute, a pioneer in high-temperature superconductivity (HTS) research, has received funding of $71million towards setting up and hosting an advanced technology platform in Future Magnetic and Materials Technologies.
     
    The funding for the advanced technology platform was announced by Minister for Science, Technology and Innovation, Dr Shane Reti at Robinson Research Institute’s facility in Lower Hutt, and will operate through the Ministry of Business, Innovation and Employment-administered Strategic Science Investment Fund (SSIF) portfolio over a period of seven years.
     
    In line with the objective to grow New Zealand’s hi-tech exports, the advanced technology platform will apply materials and engineering expertise across a range of sectoral themes including space, electric aviation, critical minerals and technologies for fusion energy. The platform will play a crucial role in lifting New Zealand’s innovation capacity, enabling companies to take technology to market, and in accelerating the growth of the domestic manufacturing sector.  
     
    Professor Nick Long, director, Robinson Research Institute, said “It is an honour for the Institute to receive this strategic funding. At Robinson, our focus has always been on how applications of HTS can be leveraged to address real-world issues, ranging from propulsion in space to more accessible Magnetic Resonance Imaging (MRI) scanners. With proven capabilities in emerging areas like space and advanced aviation, Robinson is well-placed to drive growth in this area. Initially leveraging our capability in magnetics, the Institute has also developed processing methods for critical minerals from New Zealand resources. This funding will enable us to solve some problems with scaling these methods to commercial levels.”
     
    Deputy Vice-Chancellor, Research, Professor Magaret Hyland is excited by the possibilities that the funding offers. “Te Herenga Waka has a strong culture of research excellence and the work that our staff undertake has impact on national and international scales.  
     
    “A valued part of the University community, Robinson Research Institute has a strong track record of projects evolving into pilot projects or commercial enterprises. This new platform is a significant opportunity for Robinson to strengthen collaborations with the wider research community, in a way that delivers stronger outcomes for Aotearoa New Zealand. With an established network of research and commercialisation partnerships, within New Zealand and abroad, I can see Robinson now playing an even bigger role in enhancing New Zealand’s capabilities in advanced technology.”
     
    The objectives of the platform will include developing workforce capability through internships and postgraduate study, and encouraging early career researchers to take their research beyond the laboratory. Projects from the platform will also enhance local and international research and commercial partnerships, and encourage inward investment into the New Zealand research and development sector.

    MIL OSI New Zealand News –

  • MIL-OSI USA: 2025-60 DEPARTMENT OF THE ATTORNEY GENERAL CONDUCTING UNATTENDED DEATH INVESTIGATION

    Source: US State of Hawaii

    2025-60 DEPARTMENT OF THE ATTORNEY GENERAL CONDUCTING UNATTENDED DEATH INVESTIGATION

    Posted on May 2, 2025 in Latest Department News, Newsroom

     

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    DEPARTMENT OF THE ATTORNEY GENERAL

    KA ʻOIHANA O KA LOIO KUHINA

     

    JOSH GREEN, M.D.
     GOVERNOR

    KE KIAʻĀINA

     

    ANNE LOPEZ

    ATTORNEY GENERAL

    LOIO KUHINA

     

    DEPARTMENT OF THE ATTORNEY GENERAL CONDUCTING UNATTENDED DEATH INVESTIGATION

    News Release 2025-60

    FOR IMMEDIATE RELEASE

    May 2, 2025

    HONOLULU – The Department of the Attorney General Investigations Division is investigating the discovery of a body in a restroom in the Sand Island State Recreation Area. Investigators responded at approximately 1:07 p.m., at the request of the Department of Land and Natural Resources Division of Conservation and Resource Enforcement.

    The body was that of a deceased female, who appeared to be in her mid 40’s.

    AG Investigators have opened an unattended death investigation and as such, no further information will be released at this time.

    AG Investigations Division is asking anyone with information to call 808-586-1240.

     

    * * *

    Media Contacts:

    Dave Day

    Special Assistant to the Attorney General

    Office: 808-586-1284

    Email: [email protected]

    Web: http://ag.hawaii.gov

     

    Toni Schwartz
    Public Information Officer
    Hawai‘i Department of the Attorney General
    Office: 808-586-1252
    Cell: 808-379-9249
     Email: [email protected] 

    Web: http://ag.hawaii.gov

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom statement on selection of new UC President

    Source: US State of California 2

    May 2, 2025

    SACRAMENTO — Governor Gavin Newsom issued the following statement today after the University of California Board of Regents named James Milliken the new president of the University of California:

    “California’s future depends on the strength of our institutions, and few are more vital than the University of California. Chancellor Milliken brings years of experience and the steady, strategic leadership needed to expand UC’s impact across the state. I am excited to see him drive the next chapter of innovation, talent, and progress that will shape California and the country for generations to come.

    “I also want to thank Dr. Michael Drake for his leadership and vision during his tenure — he is a strong partner and his intellect, experience and commitment to our students has helped grow the next generation of California leaders. We wish him well in his retirement.”

    Governor Gavin Newsom

    James B. (“JB”) Milliken is chancellor of The University of Texas System, where he also holds the Lee Hage and Joseph D. Jamail Regents Chair in Higher Education Leadership. As chancellor, he oversaw 14 academic and health institutions, including seven medical schools and five Carnegie R1 research universities. Before joining the UT System, Milliken served as the chancellor of The City University of New York (CUNY), president of the University of Nebraska, and senior vice president of the University of North Carolina. 

    Press Releases

    Recent news

    May 2, 2025

    News What you need to know: As part of the California Jobs First initiative, the state is awarding $30.5 million in tax credits to seven companies committed to creating new jobs and investing over $2.1 billion across key industries like clean energy, advanced…

    May 1, 2025

    News LOS ANGELES — California First Partner Jennifer Siebel Newsom today joined students, mental health professionals, and athletes at two schools in Pasadena and the Boys & Girls Clubs of the Peninsula’s East Palo Alto Clubhouse to celebrate Move Your Body, Calm…

    May 1, 2025

    News What you need to know: For the second year in a row, California’s Department of Finance released data showing the Golden State’s population grew. In 2024, the state added more than 100,000 residents. SACRAMENTO — Today, Governor Gavin Newsom announced that…

    MIL OSI USA News –

  • MIL-OSI Video: MAGA Minute, May 3, 2025

    Source: United States of America – The White House (video statements)

    JAM-PACKED MAGA WEEK!

    100 Days
    Mugshots on WH Lawn
    IBM, Walmart, Merck, Benz, Bel, & Pratt Invest
    Eagles
    Ukraine Mineral Deal
    EO: Roads + Cars
    Sanctuary Cities, NPR/PBS Cut
    VP Vance at Nucor
    WH Wire
    FLOTUS Melania Trump’s “Take It Down Act”

    Watch Press Secretary Karoline Leavitt’s MAGA Minute!

    https://www.youtube.com/watch?v=rbdTP0LzkoY

    MIL OSI Video –

  • MIL-OSI Video: Forum on Forests – 20th session (UNFF20) | United Nations

    Source: United Nations (Video News)

    The twentieth session of the UN Forum on Forests (5 -9 May 2025) focuses on accelerating progress towards Global Forest Goals 1, 3, and 5—addressing deforestation, expanding sustainably managed forests, and strengthening forest governance.

    The UN Forum on Forests is a functional commission of the UN Economic and Social Council (ECOSOC) with universal membership. Since its establishment in 2000, the Forum has set many milestones including the first UN Forest Instrument in 2007, the Global Forest Financing Facilitation Network (GFFFN) in 2015, and adoption of the first UN Strategic Plan for Forests 2030 and its six Global Forest Goals in 2017.

    https://www.youtube.com/watch?v=eEfAt4oajhk

    MIL OSI Video –

  • MIL-OSI New Zealand: New air ambulance helicopter for Auckland and Northland

    Source: New Zealand Government

    A new air ambulance helicopter commissioned today will significantly enhance emergency medical response capabilities across Auckland and Northland, Associate Health Minister Hon Casey Costello and ACC Minister Scott Simpson announced today.
    “This state-of-the-art helicopter represents a major advancement in aeromedical service delivery, and we are pleased to see it become operational in this part of the country,” Ms Costello said during a visit to Northern Rescue’s Ardmore base where the aircraft is stationed.
    “It’s great news that this helicopter will support people living in these regions as part of the Government’s investment to upgrade some of New Zealand’s air ambulance fleet.
    “The Leonardo AW169 aircraft incorporates modern design features and capabilities that improve flight performance, increase safety and reliability, and enhance patient care during transport — especially in challenging weather conditions or remote environments.”
    The helicopter is one of nine new or near-new aircraft being introduced across the national Emergency Air Ambulance Helicopter Service fleet throughout 2024/25, jointly funded by Health New Zealand | Te Whatu Ora and the Accident Compensation Corporation (ACC).
    “Ageing helicopters are being replaced in Auckland, Northland, Waikato, Bay of Plenty, Gisborne, Hawke’s Bay, Taranaki and Wellington,” Ms Costello says.
    The Auckland/Northland helicopter is the third in this fleet renewal programme and the first AW169 to enter service under this investment.
    “Our Emergency Air Ambulance Helicopter Service plays a critical role in enabling time-sensitive care for people in urgent need, particularly in regional and rural communities,” Mr Simpson says.
    “Notably, this is the first helicopter purchased using ACC Investment debt financing, which has enabled the ageing helicopter replacement programme to progress at a faster pace. This financing arrangement has contributed to savings of around $500,000 per year.”
    The regions next in line for improved aircraft capabilities include Northland, which will also receive two additional leased near-new aircraft ready for use from July and Wellington, which will get a brand new replacement aircraft in August.
    The Government’s broader investment into fleet renewal is aimed at replacing ageing helicopters with more capable, efficient, and future-ready alternatives.
    “Our air ambulance services do great work and it’s important that the helicopter fleet is upgraded,” Ms Costello says. “Health NZ and ACC are also redesigning the aeromedical operating model to make the best use of air ambulance resources, and the $128 million of rotary wing air ambulance funding provided by the Government.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: New Advanced Technology Science Platform announced

    Source: Ministry of Business Innovation and Employment MBIE (2)

    The multidisciplinary Paihau—Robinson Research Institute will host the platform, leveraging its world-leading expertise in superconductors, magnets and materials technologies. The platform will increase jobs in advanced tech in New Zealand, and create innovations that will benefit many sectors from space to fusion energy, quantum computing, aviation, medical devices and sensors. 

    The science platform brings together the expertise needed to turn innovative ideas into real-world products and services. It will support our scientists and innovators to achieve technological breakthroughs and take their ideas to market.

    Funding is being provided through the MBIE-administered Strategic Science Investment Fund. Details on the platform plan, outlining the goals, scope and approach to achieving these are being worked through alongside contracting with MBIE.

    This investment marks the first step towards establishing an advanced technology Research Organisation (PRO) in New Zealand. Details about what the advanced technology PRO will look like, its structure, form and function are to come.

    Read the Minister’s announcement:

    Boosting high-tech exports with advanced technology(external link) — Beehive.govt.nz

    MIL OSI New Zealand News –

  • MIL-OSI Asia-Pac: WAVES 2025: A People’s Movement that Empowers Every Creator to be a Star

    Source: Government of India

    WAVES 2025: A People’s Movement that Empowers Every Creator to be a Star

    WAVES Bazaar a resounding success; records business transactions worth more than Rs. 1328 crores with 3000+ B2B Meetings in 3 days; Govt of Maharashtra signs MoUs worth Rs 8000 crores in M&E Sector

    Member Nations adopt WAVES Declaration at Global Media Dialogue

    Investment worth Rs 50 crores in pipeline as part of WAVEX Startup Accelerator

    Indian Institute of Creative Technology (IICT) poised to be a milestone in capacity building for Creative Economy

    Create in India Challenge promises to foster Creative Economy in India

    Knowledge Reports unveiled at WAVES project India’s giant leaps in Creative Economy

    Posted On: 04 MAY 2025 7:48PM by PIB Mumbai

    Mumbai, 4 May 2025

     

    The premier edition of World Audio Visual and Entertainment Summit (WAVES 2025) concluded on a high note today in Mumbai, registering an overwhelming response from exhibitors, industry leaders, startups, policymakers, academia, and the general public. The summit emerged as a key convergence point for the media and entertainment ecosystem, drawing participation from every segment of the industry — from celebrated artists and influential content creators to tech innovators and corporate leaders. With a vibrant mix of exhibitions, panel discussions, and B2B collaborations, the event witnessed a remarkable turnout and reaffirmed India’s position as a rising global Powerhouse of media and entertainment.

    The celebration of creativity, technology, and storytelling began with the inauguration of its maiden edition by Prime Minister Shri Narendra Modi in a star-studded event held in Jio World Convention Centre. In his inaugural address, Prime Minister Modi remarked that WAVES is not just an acronym, it is a wave of culture, creativity and universal connectivity. The Prime Minister said that India is emerging as a global hub for film production, digital content, gaming, fashion, music and live concerts. He called upon the creators of the world to dream big and tell their stories; to the investors to invest not just in platforms, but in people; and to the Indian youth – to tell their one billion untold stories to the world. Declaring WAVES as the dawn of India’s Orange Economy, he urged the youth to lead this creative surge and make India a global creative hub.

    High-impact Knowledge Sessions

    Taking forward the vision of the Prime Minister, WAVES 2025, over the last four days, acted as a platform for high-level exchange of ideas, skills, and sectoral insights. The Conference Track of WAVES 2025 served as a vital forum for dialogue and collaboration, bringing together thought leaders, industry pioneers, policymakers, and professionals from across the globe. Through a carefully curated series of plenary sessions, breakout discussions, and master classes, the summit explored the latest innovations and emerging strategies shaping the future of the Media & Entertainment industry. The sessions enabled meaningful exchange of ideas, cutting across domains and specialisations.

    The maiden edition of WAVES will be known for the high impact knowledge sessions and the discourse covering a broad spectrum of topics, including Broadcasting and Infotainment, AVGC-XR, Digital Media, and Films. With more than 140 sessions featuring more than 100 international speakers, spread across three main halls (each accommodating over 1,000 participants) and five additional halls with capacities ranging from 75 to 150, the Summit maintained overwhelming attendance levels — with many sessions recording full occupancy.

    The plenary Sessions featured over 50 keynote addresses by eminent personalities such as Mukesh Ambani, Ted Sarandos, Kiran Mazumdar-Shaw, Neal Mohan, Shantanu Narayen, Mark Read, Adam Mosseri, and Nita Ambani. Their insights offered compelling perspectives on the evolving entertainment industry, advertising landscape, and digital transformation. Film icons including Chiranjeevi, Mohanlal, Hema Malini, Akshay Kumar, Nagarjuna, Shah Rukh Khan, Deepika Padukone, Allu Arjun, and Shekhar Kapur, many of whom were also members of the WAVES Advisory Board, engaged in thought-provoking conversations on the future of cinema and content creation in the age of virtual production and artificial intelligence.

    The 40 masterclasses at WAVES 2025 were designed to offer practical learning and creative exploration. Participants gained direct exposure to industry techniques through sessions such as The Art of Acting by Aamir Khan, Craft of Direction by Farhan Akhtar, and Insights into Filmmaking by Michael Lehmann. Other sessions explored behind-the-scenes narratives like the making of Panchayat by Amazon Prime, designing AR lenses, creating AI avatars, and developing games using generative AI. These sessions provided professionals and aspiring creators with actionable knowledge and tools to stay ahead in a rapidly evolving creative economy.

    WAVES also featured 55 breakout sessions, which provided a platform for in-depth discussions on specialised themes such as broadcasting, digital media, OTT, AI, Music, News, Live events, Animation, Gaming, Virtual production, Comics, and Filmmaking. These interactive sessions brought together senior professionals from leading companies including Meta, Google, Amazon, X, Snap, Spotify, DNEG, Netflix, and NVIDIA, along with representatives from industry bodies such as FICCI, CII, and IMI. Designed to encourage sector-specific insights and collaboration, the discussions addressed critical challenges and charted new directions for growth and innovation.

    WAVES Bazaar garners Rs 1328 crores in Business Deals; Govt of Maharashtra signs MoUs worth Rs 8000 crores in M&E Sector

    The inaugural edition of WAVES Bazaar, organized under the umbrella of WAVES, was a resounding success as it has established itself as a premier platform for international business collaboration in the creative industries. The marketplace recorded business deals or transactions worth Rs. 1328 crores across the film, music, radio, VFX, and animation sectors. Out of the total estimated outcome, Rs. 971 cr has been from B2B meetings alone. A key highlight of the Bazaar was the Buyer-Seller Market which witnessed over 3,000 B2B meetings. In a major achievement under international collaboration, Film India Screen Collective and Screen Canterbury NZ from New Zealand announced a collaborative proposal to launch the first-ever Indian Film Festival in New Zealand. Only Much Louder CEO Tushar Kumar and Alexander Zharov, CEO of Russian firm Gazprom Media CEO announcing early talks on a MoU to collaborate on cross-cultural festivals and co-produce comedy and music shows in Russia and India was another achievement. The announcement of the Prime Video & CJ ENM Multi-Year Collaboration was another highlight of the Bazaar as the strategic partnership was unveiled to distribute premium Korean content globally. The other milestones include the announcement of the film ‘Devi Chowdhurani,’ which became the India’s first official Indo-UK co-production, and the film ‘Violated’ which will be a co-production of Fusion Flicks from the UK and JVD Films.

    The Maharashtra government has also added business value to the summit by signing MoUs worth ₹8,000 crore at the WAVES. While MoUs worth ₹1,500 crore were signed each with the University of York and the University of Western Australia, the state’s Industries Department signed MoUs worth ₹3,000 cr and ₹2,000 cr with Prime Focus and Godrej respectively.

    Member Nations adopt ‘WAVES Declaration’ at the Global Media Dialogue 2025

    The Global Media Dialogue 2025, held during the World Audio Visual and Entertainment Summit (WAVES 2025) in Mumbai, was a landmark event with participation from 77 nations, underscoring India’s pivotal role in the global media and entertainment arena. The dialogue highlighted the power of international collaborations in fostering creativity while respecting cultural sensitivities. The member nations collectively adopted the ‘WAVES Declaration’, emphasizing the urgency of bridging the digital divide and leveraging media to promote global peace and harmony. The discussions underscored the profound role of films in uniting diverse cultures and the growing significance of individual stories in the creator economy, amplified by technological advancements.

    Dr. S. Jaishankar, Union External Affairs Minister, stressed the need for a synergy between technology and tradition, advocating for the empowerment of youth through skill development and innovation. Shri Ashwini Vaishnaw, Union Minister for Information & Broadcasting, highlighted the transformative impact of technology on content creation and the critical importance of fostering local content, co-production agreements, and joint funding initiatives. India’s “Create in India” challenges, which successfully identified over 700 global creators, were showcased, with plans to expand them to 25 languages in the next edition. This summit laid a robust foundation for future global cooperation in media and entertainment, emphasizing creative excellence and ethical content production.

    WAVEX: An Accelerator for Aspiring Start-ups in M&E Sector

    WAVES Start-Up Accelerator selected 30 M&E Start-Ups to pitch their unique ideas directly to a battery of heavy-weight investors like Lumikai, Jio, CABIL, WarmUp Ventures – among the 45 key angel investors on board. With over 1000 registrations, the initiative germinated investment discussions worth Rs. 50 crore that are in pipeline. Apart from this, over 100 Start-Ups exhibited their ideas and products to potential investors in the dedicated Start-Up pavilion. WAVEX as an initiative aims to create a palpable investment ecosystem for start-ups to thrive and grow by forming an angel investor network specifically focussed on the Media and Entertainment sector. Start-Ups from Tier 1 and Tier 2 shined at WAVEX and their founders took centre-stage. To facilitate such creators better, WAVEX will set up a network of incubators with dedicated mentors for handholding and investors for seed investment. WAVEX is unique as it facilitates ideas that do not have a tangible product yet, but have a solid potential.

    Key Knowledge Reports Released at WAVES 2025

    Dr. L. Murugan, Union Minister of State for Information & Broadcasting and Parliamentary Affairs, unveiled five pivotal reports at the WAVES Summit 2025 in Mumbai. These reports provide a comprehensive overview of India’s thriving media and entertainment ecosystem, covering key aspects like content production, policy frameworks, and live events.

    • Statistical Handbook on Media & Entertainment 2024-25:The Statistical Handbook, prepared by the Ministry of Information & Broadcasting, offers valuable data-driven insights into India’s media landscape. It highlights growth trends in broadcasting, digital media, film certifications, and public media services, providing essential information for future policymaking and industry strategies based on empirical evidence.
    • ‘From Content to Commerce’ by BCG:  Boston Consulting Group’s Report highlights the explosive growth of India’s creator economy, estimating 2 to 2.5 million active digital creators. These creators influence over $350 billion in annual spending, with projections to surpass $1 trillion by 2030. It emphasizes building long-term, authentic partnerships over transactional engagements with creators.
    • ‘A Studio Called India’ by Ernst & Young: Ernst & Young’s Report envisions India as a global content hub, leveraging its linguistic diversity, rich culture, and technological expertise. It highlights India’s 40%-60% cost advantage in animation and VFX services and growing international demand for Indian OTT content, strengthening India’s role in global cultural diplomacy.
    • Legal Currents and Live Events Industry Reports: Khaitan & Co.’s Legal Handbook covers vital issues such as influencer marketing and compliance norms, helping media stakeholders navigate India’s regulatory landscape. Additionally, the White paper on India’s live events industry outlines the sector’s 15% growth rate, advocating for upgraded infrastructure and streamlined licensing processes to support the booming sector.

    Indian Institute of Creative Technology: A National Centre of Excellence

    Indian Institute of Creative Technology (IICT)— a National Centre of Excellence being set up in Mumbai is poised to be a milestone in capacity building for Creative Economy. Dedicated exclusively to the AVGC-XR sector, the establishment of the Institute was formalized on Day-3 of WAVES 2025. WAVES also witnessed the signing of strategic MoUs with Industry Associations to transform IICT as a world-class institution in the M&E Sector. Union Minister Shri Ashwini Vaishnaw, who ceremonially flagged off these strategic associations, emphasized India’s potential to become a global leader in media and entertainment, stating that IICT is on track to evolve into a premier institution in its field, much like how IITs and IIMs have become benchmarks in technology and management education. Some companies who have extended their hands for long-term collaborations are JioStar, Adobe, Google & YouTube, Meta, Wacom, Microsoft and NVIDIA.

    Create in India Challenge & CreatoSphere: A Global Celebration of Creative Talent

    One of the standout highlights of WAVES 2025 was the grand culmination of the Create in India Challenge (CIC) Season 1, which drew nearly one lakh registrations from over 60 countries. Launched as a flagship initiative under WAVES, CIC brought together creators across age, geography, and disciplines, spanning animation, XR, gaming, AI, filmmaking, digital music, and more. The initiative has transformed every creator who participated to be a star.

    From 32 imaginative and future-forward challenges emerged 750+ finalists, including 1100+ international participants. These talented individuals showcased their work at Creatosphere, a dedicated innovation zone at WAVES, where they presented their projects, could network with industry leaders for potential associations.

    Beyond just a competition, the Create in India Challenge evolved into a movement celebrating diversity, youth energy, and storytelling rooted in both tradition and technology. With finalists ranging from 12 to 66 years of age, and strong participation from all Indian states and UTs, the initiative embodied inclusivity and aspiration. The Creatosphere was also a launchpad for themes like grassroots innovation, drone storytelling, and future-ready content offering a glimpse into the creative India of tomorrow. As Union Minister Ashwini Vaishnaw aptly said during the award ceremony of CIC, “The journey has just begun.” And with initiatives like the Indian Institute of Creative Technology on the horizon, the momentum is only growing stronger.

    8th National Community Radio Sammelan and National Awards for CRs

    Organized as part of the WAVES, the 8th National Community Radio Conference in which Union Minister of State Dr. L. Murugan honored 12 outstanding community radio stations with National Community Radio Awards at the event. Dr L. Murugan congratulated the winners and said that the national conference is aimed to strengthen the community media landscape in India through innovation, inclusiveness, and impact. The conference brought together representatives from more than 400 Community Radio (CR) Stations across the country on one platform to provide an opportunity for dialogue and collaboration. At present, there are 531 CR Stations across the country.

    Bharat Pavilion – India’s Journey from Kala to Code

    The Bharat Pavilion, an immersive viewing zone that took visitors through the continuum of India’s storytelling traditions at WAVES 2025, has received an overwhelming reception and response from the public. The Pavilion, under the theme “From Kala to Code”, offered a compelling narrative of India’s evolution in media and entertainment—from oral and visual traditions to cutting-edge digital innovations.

    The Pavillion presented the soul of India, balancing our rich cultural heritage with the new waves of technical advancements that are already underway. On the inaugural day of WAVES 2025, Prime Minister Shri Narendra Modi visited the Pavilion. Chief Minister of Maharashtra, Shri Devendra Fadnavis, External Affairs Minister Shri S. Jaishankar, Union Minister Shri Ashwini Vaishnaw and many other dignitaries visited the pavilion and appreciated its role in telling the story of Bharat. The pavilion also garnered huge footfall, leaving people in awe and wonder on discovering the many treasures of our nation.

    Celebrating India’s creative journey, the Bharat Pavilion was not just an exhibition of content but a powerful expression of India as a creator. It projected India’s cultural depth, artistic excellence, and emerging dominance in global storytelling.

    WAVES concludes with the promise of bright future for Creative Economy

    WAVES 2025 has set a benchmark as a global platform that seamlessly brought together creativity, commerce, and collaboration. From visionary policy announcements and landmark international agreements to robust business deals and groundbreaking startup investments, the summit underscored India’s growing stature as a global leader in the creative economy. The adoption of the WAVES Declaration by 77 participating nations and the success of the WAVES Bazaar and WAVEX Accelerator collectively signal a future anchored in innovation, inclusivity, and international partnerships. As the curtains fall on this historic first edition, WAVES has not only showcased India’s creative prowess but has also catalysed a sustained global movement — one that will continue to inspire, invest in, and elevate the voices of creators worldwide.

     

    For official updates on realtime, please follow us: 

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    https://x.com/WAVESummitIndia

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to attend ADB’s Annual Meeting in Milan, Italy, from 4th to 7th May 2025

    Source: Government of India

    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to attend ADB’s Annual Meeting in Milan, Italy, from 4th to 7th May 2025

    The Union Finance Minister will also hold bilateral meetings with Finance Ministers of Italy, Japan, and Bhutan as well as heads of other international organisations, besides meeting global think-tanks, business leaders and CEOs in Milan

    Smt. Sitharaman will also interact with the Indian diaspora in Milan and also address a plenary session in at the Bocconi University on “Balancing Economic and Climate Resilience”

    Posted On: 04 MAY 2025 4:04PM by PIB Delhi

    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will lead the Indian delegation of officials from the Department of Economic Affairs, Ministry of Finance, to attend the 58th Annual Meeting of the Board of Governors of Asian Development Bank (ADB), scheduled to take place in Milan, Italy, from May 4 to 7, 2025.

    The meetings will be attended by official delegations of Board of Governors of ADB, official delegations of ADB members and international financial institutions. The Union Finance Minister will participate in the Annual Meeting’s focal events like the Governors’ Business session, Governor’s Plenary Session and as a panelist in the ADB Governors’ Seminar on “Cross-Border Collaboration for Future Resilience”.

    On the sidelines of the ADB’s 58th Annual Meeting, Smt. Sitharaman will also hold bilateral meetings with Finance Ministers of Italy, Japan, and Bhutan, in addition to meetings with President of ADB, the President of the International Fund for Agricultural Development (IFAD), and the Governor of the Japan Bank for International Cooperation (JBIC).

    The Union Finance Minister will also interact with the Indian diaspora in Milan, besides meeting global think-tanks, business leaders and CEOs, and participating in a Plenary Session of the NEXT Milan Forum at the Bocconi University on “Balancing Economic and Climate Resilience”.

    ****

    NB/KMN

    (Release ID: 2126754) Visitor Counter : 122

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: ECI to soon launch a single-point App for stakeholders; to subsume over existing 40 IT Apps with enhanced UI/UX

    Source: Government of India

    ECI to soon launch a single-point App for stakeholders; to subsume over existing 40 IT Apps with enhanced UI/UX

    New ECINET to facilitate electoral services for citizens; seamless and convenient data handling for electoral officials

    Posted On: 04 MAY 2025 11:30AM by PIB Delhi

    In a major initiative, the Election Commission of India is developing a new user-friendly digital interface for the electors and its other stakeholders such as the election officials, political parties and the civil society. The new one-stop platform, ECINET, will integrate and reorient over 40 of ECI’s existing mobile and web applications.

    ECINET will have an aesthetic User Interface (UI) and a simplified User Experience (UX) by providing a singular platform for all electoral-related activities. This move is also designed to alleviate the burden of the users for downloading and navigating multiple Apps and remembering different logins.

    The platform was envisaged by the Chief Election Commissioner (CEC) of India Shri Gyanesh Kumar during the Conference of Chief Electoral Officers (CEOs) held in March 2025, in the presence of Election Commissioners Dr. Sukhbir Singh Sandhu and Dr. Vivek Joshi.

    ECINET will also enable users to access relevant electoral data on their desktops or smartphones. To ensure that data is as accurate as possible, the data on ECINET will be entered solely by the authorized ECI official. Entry by the concerned official would ensure that the data made available to the stakeholders is as accurate as possible. However, in case of any conflict, the primary data as duly filled in statutory forms will prevail.

    ECINET will subsume existing Apps like the Voter Helpline App, Voter Turnout App, cVIGIL, Suvidha 2.0, ESMS, Saksham and KYC App which together have clocked over 5.5 crore downloads (complete list of Apps enclosed). ECINET is expected to benefit nearly 100 crore electors and the entire electoral machinery comprising over 10.5 lakh Booth Level Officers (BLOs), around 15 Lakh Booth Level Agents (BLAs) appointed by Political Parties, nearly 45 Lakh Polling Officials, 15,597 Assistant Electoral Registration Officers (AEROs), 4,123 EROs and 767 District Election Officers (DEOs) across the country.

    ECINET has already reached an advanced stage of development and rigorous trials are being conducted to ensure smooth functionality, ease of use, and robust cybersecurity measures. It is being developed after an elaborate consultative exercise involving 36 CEOs of all the States/UTs, 767 DEOs and 4,123 EROs of their States/UTs and after reviewing 76 publications comprising 9,000 pages of the electoral framework, instructions and handbooks issued by ECI from time to time.

    The data provided through ECINET will be strictly aligned within the legal framework established by the Representation of People Act 1950, 1951, Registration of Electoral Rules, 1960 Conduct of Election Rules, 1961 and instructions issued by ECI from time to time.

    ******

    PK/GDH/RP

    List of 40 existing ECI Applications

    Sl. No.

    Application

    Type
    1.  

    Affidavit Portal

    Web
    1.  

    India A Web

    Web
    1.  

    Results Website

    Web
    1.  

    Election24 (Archive)

    Web
    1.  

    ECI SVEEP

    Web
    1.  

    ECI Website

    Web
    1.  

    Fembosa

    Web
    1.  

    Voicenet

    Web
    1.  

    Myth Vs Reality

    Web
    1.  

    Election Trends TV

    Web
    1.  

    cVigil Portal

    Web
    1.  

    EMS

    Web
    1.  

    RTI Portal

    Web
    1.  

    ENCORE

    Web
    1.  

    Media Voucher

    Web
    1.  

    Suvidha Portal

    Web
    1.  

    Observer Portal

    Web
    1.  

    Election Planning

    Web
    1.  

    IEMS

    Web
    1.  

    PPRTMS

    Web

    Sl. No.

    Application

    Type
    1.  

    ERONET2.0

    Web
    1.  

    Voters Service Portal

    Web
    1.  

    Service Voters Portal

    Web
    1.  

    ETPBMS

    Web
    1.  

    NGSP

    Web
    1.  

    Electoral Search

    Web
    1.  

    ERONET App

    Mobile
    1.  

    BLO App

    Mobile
    1.  

    cVigil App

    Mobile
    1.  

    Decider App

    Mobile
    1.  

    ENCORE Nodal App

    Mobile App
    1.  

    ESMS App

    Mobile
    1.  

    Investigator App

    Mobile
    1.  

    KYC App

    Mobile
    1.  

    Monitor App

    Mobile
    1.  

    Observer App

    Mobile
    1.  

    Saksham App

    Mobile
    1.  

    Suvidha App

    Mobile
    1.  

    Voter Helpline App

    Mobile
    1.  

    Voter Turnout App

    Mobile

                                                           

    ***

    (Release ID: 2126682) Visitor Counter : 50

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: WAVEX 2025 Highlights Investment Potential of M&E Startups; working on dedicated angel network for M&E

    Source: Government of India

    WAVEX 2025 Highlights Investment Potential of M&E Startups; working on dedicated angel network for M&E

    30 startups were given one-on-one pitching opportunities at WAVES

    Posted On: 04 MAY 2025 2:15PM by PIB Mumbai

    Mumbai, 4 May 2025

     

    WAVEX 2025, the flagship startup initiative under the World Audio-Visual Entertainment Summit (WAVES) being held in Mumbai is a promising intersection of innovation, entrepreneurship, and investment.

    Shri Ashutosh Mohle, Joint Director at the Ministry of Information & Broadcasting (MIB), set the tone with a succinct overview of WAVEX, underscoring its vision of nurturing startups in the M&E space and providing a national platform to scale up their ideas.

    Sandeep Jhingran, Chief Growth Officer, Internet and Mobile Association of India (IMAI), expressed satisfaction with the promising response to the initiative. “We received over a thousand applications. Thirty of them pitched directly to investors and over half of them are already in active conversations,” he revealed, emphasizing that such efforts are essential to give focused attention to M&E startups.

    Investor voices added further perspective to the transformative potential of the initiative. Shri Rajesh Joshi, Venue Partner from Warmup Ventures, reflected on his personal journey from being a startup founder to becoming an investor. “Life has come a full circle…We’re now speaking with 11 startups,” he added.

    Shri Mustafa Harnesswala, Founder of CABIL, highlighted the traditional reluctance in funding this space. “Many shy away from investing in media and entertainment. WAVES is shifting that mindset. We’re now working on creating a dedicated angel network for M&E, and even exploring global linkages through collaborations with international governments.”

    The panel also fielded questions from the media, offering insight into the evolving startup landscape. When asked how investors differentiate meaningful content, Rajesh cited the example of “Giggle,” a startup app that is creating a platform that helps avoid cyberbullying and sexual content, calling it a benchmark for responsible innovation.

    On gender representation, Sandeep acknowledged the limited participation of women entrepreneurs. “We’re committed to doing better. In the future editions we hope to see more women entrepreneurs coming in,” he added.

    Expanding on the event’s format, Sandeep Jhingran shared that 30 startups were given one-on-one pitching opportunities in 2 days; Mustafa Harnesswala emphasized the need for monetization strategies for content creators, stating that initiatives like WAVES help bridge that gap.

    WAVEX 2025 continues to establish itself as a game-changer in the startup ecosystem for the M&E sector, breaking old boundaries and fostering new opportunities for innovators across India.

     

    For official updates on realtime, please follow us: 

    On X : 

    https://x.com/WAVESummitIndia

    https://x.com/MIB_India

    https://x.com/PIB_India

    https://x.com/PIBmumbai

    On Instagram: 

    https://www.instagram.com/wavesummitindia

    https://www.instagram.com/mib_india

    https://www.instagram.com/pibindia

     

    * * *

    PIB TEAM WAVES 2025 | Rajith/ Poushali/ Nikhitha /Darshana | 174

    (Release ID: 2126731) Visitor Counter : 127

    MIL OSI Asia Pacific News –

  • MIL-OSI Australia: NBN Co Board Chair appointment

    Source: Commonwealth Director of Public Prosecutions

    The Albanese Government is pleased to announce the appointment of Mr Kevin Russell as Chair of the NBN Co Limited Board (the Board), commencing from 1 April 2025.

    Mr Russell has been serving as interim Chair of the Board since 1 January 2025, following the conclusion of Ms Kate McKenzie’s term. He was previously appointed as Non-Executive Director to the Board on 22 April 2024 for a 3-year term. 

    Mr Russell brings to the role over 25 years of experience in the telecommunications sector in international and Australian markets, including as Managing Director of Vocus Group, Group Executive Retail for Telstra, and Chief Executive Officer (CEO) Consumer for Optus. He has previously held CEO roles with Collinear Networks, Hutchinson Three UK and Hutchinson Telecom Australia. 

    Mr Russell also has significant experience in leading substantial change management initiatives and major technology transformations in telecommunications businesses.

    We congratulate Mr Russell on his appointment and we are confident his extensive experience in leadership, management and telecommunications will continue to be highly valuable for the Board.

    Quotes attributable to Minister for Finance, Senator the Hon Katy Gallagher:

    “The appointment of Mr Russell will ensure the addition and retention of essential skills and experience, enabling the company to continue to upgrade and improve the National Broadband Network.

    “The appointment will continue to provide strong leadership whilst maintaining stability and continuity for the Board.”

    Quotes attributable to Minister for Communications, the Hon Michelle Rowland MP:

    “The Board plays a key role in overseeing NBN Co, ensuring it continues to deliver for all Australians as a publicly-owned company.

    “Mr Russell’s expertise in leadership, telecommunications, business transformation and stakeholder engagement will continue to be highly valuable for the Board as he assumes the Chair position.

    “I look forward to continuing to work with Mr Russell as Chair of NBN Co to deliver on its mission to provide affordable and accessible broadband services for the benefit of all Australians.”

    MIL OSI News –

  • MIL-OSI Australia: Police investigate Moonah house fire

    Source: New South Wales Community and Justice

    Police investigate Moonah house fire

    Friday, 2 May 2025 – 7:50 am.

    Police are investigating a structure fire in Amiens Avenue, Moonah last night.Police and Tas Fire Service attended the property just after 11:30pm with theresidence well alight.TFS gained control of the fire quickly and prevented the fire from spreading toneighbouring properties.The owner of the property was taken to the Royal Hobart Hospital fortreatment.Investigations are continuing.

    MIL OSI News –